HomeMy WebLinkAbout030921 RES - 08/16/2016 RESOLUTION
APPROVING AN AGREEMENT IN THE AMOUNT OF $221,000 BETWEEN CORPUS
CHRISTI BUSINESS AND JOB DEVELOPMENT CORPORATION AND THE CITY OF
CORPUS CHRISTI FOR TYPE A AFFORDABLE HOUSING PROGRAM —
HOMEBUYER ASSISTANCE PROGRAM AND AUTHORIZING THE CITY MANAGER
OR DESIGNEE TO EXECUTE SAID AGREEMENT.
WHEREAS, the Board of the Corpus Christi Business and Job Development
Corporation (the "Board") has approved a Type A Affordable Housing Program -
Homebuyer Assistance Program, which it funds;
WHEREAS, the City through its Housing and Community Development Department
("Department") manages several programs to assist eligible citizens with affordable
housing;
WHEREAS, the City is willing to provide the services that the Board wishes to fund and
has provided these services in the past for the Board;
WHEREAS, the Board approved an agreement between the City and the Corporation
for the management of its program on at the Board's meeting on June 20, 2016.
NOW THEREFORE BE IT RESOLVED, BY THE CITY COUNCIL OF THE CITY OF
CORPUS CHRISTI, TEXAS:
SECTION 1. The agreement in the amount of $221 ,000 between the City and the
Corpus Christi Business and Job Development Board is approved.
SECTION 2. The City Manager, or her designee, is authorized to execute an amended
agreement between the Corpus Christi Business and Job Development Board and the
City for the Type A Affordable Housing Program — Homebuyer Assistance Program.
Adopted this the day of alt{./3)1— , 2016.
ATTEST: THE CITY OF CORPUS CHRISTI
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Rebecca Huerta Nelda Martinez
City Secretary Mayor
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Corpus Christi, Texas
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The above resolution was passed by the following vote:
Nelda Martinez
Rudy Garza
Michael Hunter
Chad Magill
Colleen McIntyre
Brian Rosas
Lucy Rubio
Mark Scott
Carolyn Vaughn
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030921
CITY OF CORPUS CHRISTI
CERTIFICATION OF FUNDS
(City Charter Article IV, Sections 7&8)
I, the Director of Financial Services of the City of Corpus Christi, Texas (or his/her duly authorized
representative), hereby certify to the City Council and other appropriate officers that the money required
for the current fiscal year's portion of the contract, agreement, obligation or expenditure described
below is in the Treasury to the credit of the Fund specified below, from which it is to be drawn, and has
not been appropriated for any other purpose. Future payments are subject to annual appropriation
by the City Council.
City Council Action Date: August 16, 2016 Legistar Number: 16-0839
Agenda Item:
Resolution approving an agreement in the amount of $221,000 between the Corpus Christi Business
and Job Development Corporation and the City of Corpus Christi for Type A Affordable Housing
Program — Homebuyer Assistance Program and authorizing the City Manager or Designee to execute
said agreement.
Amount Required: (Amount to be Certified) $221,000
Fund Name Accounting Unit Account No. Activity No. Amount
General Fund
Affordable Housing 1140-15045-131 530000 N/A $221,000
Program
Total $221,000
❑ Certification Not Required
Director of Financial Services
Date: AUG 1 5 2016