Loading...
HomeMy WebLinkAbout028566 RES - 04/20/20101 RESOLUTION AUTHORIZING THE CITY MANAGER, OR HIS DESIGNEE, TO EXECUTE THE FOURTH AMENDMENT TO THE AFFORDABLE HOUSING PROGRAM AGREEMENT BETWEEN THE CORPUS CHRISTI BUSINESS AND JOB DEVELOPMENT CORPORATION, CITY OF CORPUS CHRISTI, AND NUECES COUNTY COMMUNITY ACTION AGENCY FOR A PILOT INFILL HOUSING PROJECT, TO EXTEND THE TERM OF THE AGREEMENT FROM NOVEMBER 19, 2009 TO DECEMBER 31, 2011 WHEREAS, the Corpus Christi Business and Job Development Corporation, the City of Corpus Christi, and Nueces County Community Action Agency (NCCAA) executed an affordable housing program agreement for the purpose of utilizing 4A sales tax funds to accomplish the affordable housing project described in the Agreement and in the NCCAA proposal for a Pilot Infill Housing Project. WHEREAS, the parties to the agreement desire to execute this fourth amendment to extend the agreement from November 19, 2009 until December 31, 2011. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS: SECTION 1. The City Council of the City of Corpus Christi, Texas, approves the fourth amendment to the Affordable Housing Program Agreement for a Pilot Infill Housing Project between the Corpus Christi Business and Job Development Corporation and NCCAA, to extend the agreement from November 19, 2009 to December 31, 2011. SECTION 2. The City Manager, or designee, is authorized to execute the fourth amendment to the Affordable Housing Program for a Pilot Infill Housing Project Agreement with NCCAA, a copy of which is attached as Exhibit "A". ATTEST: Armando Chapa City Secretary APPROVED AS TO FORM: April 15, 2010 R. ming rst A sistant G%ity Attorney For the City Attorney Res-4thAmendAffordableHousingNCCAA Infill 04152010 CITY OF CORPUS CHRISTI Joe A me Mayor 028566 INDEXED Corpus Christi, Texas of The above resolution was Joe Adame Chris N. Adler Brent Chesney Larry R. Elizondo, Sr. Kevin Kieschnick Priscilla Leal John E. Marez Nelda Martinez Mark Scott , 2010 passed by the following vote: T 1, bs+a m 028566 Res-4thAmendAffordableHousingNCCAA Infill 04152010 2 FOURTH AMENDMENT TO THE AFFORDABLE HOUSING PROGRAM AGREEMENT FOR A PILOT INFILL HOUSING PROJECT This fourth amendment ("Fourth amendment") to the Affordable Housing Program Agreement for a Pilot Infill Housing Project ("Program Agreement") is made by and between the Corpus Christi Business and Job Development Corporation ("Corporation"), the City of Corpus Christi ("City"), and the Nueces County Community Action Agency ("NCCAA"), a non-profit corporation organized under the statutes of the State of Texas. WHEREAS, the Corporation, City and NCCAA executed an agreement ("Agreement") for the purpose of utilizing 4A sales tax funds to construct infill housing, a project suitable for the promotion and development of affordable housing within the City; and WHEREAS, the term of the Agreement should be extended by two additional years to allow the use of funds not spent of land acquisition to be used to pay for construction and development costs, including the implementation of green building/energy efficient construction techniques, for new homes; NOW, THEREFORE, the parties to the Agreement agree to amend the Agreement as follows: Section 1. Section 3 of the Program Agreement, as previously amended by the second amendment the Program Agreement, is revised to read as follows: "SECTION 3. TERM. "The term of this Program Agreement extends until November 10, 2009 December 31, 2011." Section 2. By execution of this Fourth amendment, the parties agree to be bound by the amended provision. All other provisions, obligations, and conditions of the Agreement, as previously amended, that are not changed by this Fourth amendment remain the same and in full force and effect. Section 3. This Fourth amendment is executed in triplicate, each of which is considered an original. Section 4. This Fourth amendment is effective on the date the last party to the Program Agreement executes this Fourth amendment. 4th Amend NCCAA Infill Housing 11112009 Page 1 of 3 Exhibit A CORPUS CHRISTI BUSINESS & JOB DEVELOPMENT CORPORATION By: Date: Eloy H. Salazar President STATE OF TEXAS ACKNOWLEDGMENT § KNOW ALL BY THESE PRESENTS COUNTY OF NUECES § This instrument was acknowledged before me on , 2010, by Eloy H. Salazar, President, Corpus Christi Business and Job Development Corporation, a Texas nonprofit corporation, on behalf of the corporation. NOTARY PUBLIC, State of Texas ATTEST CITY OF CORPUS CHRISTI Armando Chapa 'Angel R. Escobar City Secretary Interim City Manager Date: Page 2 of 3 4th Amend NCCAA Infill Housing 11112009 APPROVED AS TO FORM: April 6, 2010 R. Jay Reining First Assistant City Attorney for the City Attorney NUECES COUNTY COMMUNITY ACTION AGENCY Joe A. Martinez Executive Director Date: STATE OF TEXAS § COUNTY OF NUECES ' ACKNOWLEDGMENT KNOW ALL BY THESE PRESENTS This instrument was acknowledged before me on , 2010, by Joe A. Martinez, Executive Director, Nueces County Community Action Agency, a Texas nonprofit corporation, on behalf of the corporation. NOTARY PUBLIC, State of Texas Page 3 of 3 4th Amend NCCAA Infill Housing 11112009