HomeMy WebLinkAbout031973 RES - 12/17/2019 RESOLUTION
APPROVING AN AMENDMENT NO. 1 TO THE AGREEMENT BETWEEN THE
CORPUS CHRISTI BUSINESS AND JOB DEVELOPMENT CORPORATION AND THE
CITY OF CORPUS CHRISTI FOR TYPE A AFFORDABLE HOUSING PROGRAM —
HOMEBUYER ASSISTANCE PROGRAM
WHEREAS, on April 16, 2018, the Board of the Corpus Christi Business and Job
Development Corporation (the" Board") approved an Agreement with the City to fund a
Homebuyer Assistance Program for citizens seeking affordable housing assistance (the
"Agreement"); and
WHEREAS, the City of Corpus Christi (the "City"), through its Housing and Community
Development Department ("Department"), manages the Homebuyer Assistance Program
which is funded with Type A tax funds committed by the Board: and
WHEREAS, the Board and the City desire to extend the term of the original Agreement
through April 1, 2020 so that citizens who qualify for affordable housing assistance may
continue to receive assistance under the Homebuyer Assistance Program.
NOW THEREFORE BE IT RESOLVED, BY THE CITY COUNCIL OF THE CITY OF
CORPUS CHRISTI, TEXAS:
SECTION 1. That Amendment No. 1 to the Agreement between the Corpus Christi
Business and Job Development Corporation and the City, a copy of which is attached
hereto as Exhibit "A" is hereby authorized, ratified and approved.
SECTION 2. The City Manager, or designee, is authorized to execute an Amendment
between the Board and the City for the Type A Affordable Housing Program — Homebuyer
Assistance Program.
SECTION 3. A copy of the executed amendment shall be filed in the office of the City
Secretary.
031973
Page l of 2 D
SCANNE
PASSED AND APPROVED on the J7-6—day of /P1i)2019:
Joe McComb
4Roland Barrera Ay-‹
Rudy Garza
Paulette M. Guajardo -sl
Gil Hernandez h,fl-
Michael Hunter ire
Ben Molina "4-
Everett Roy ,\
Greg Smith
ATTEST: CITY OF CORPUS CHRISTI
A KA-
Re ecca Huerta J•- cComb
City Secretary M: •r
031973
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Exhibit A
AMENDMENT NO. 1 TO THE AGREEMENT BETWEEN CORPUS CHRISTI BUSINESS
AND JOB DEVELOPMENT CORPORATION AND CITY OF CORPUS CHRISTI FOR
TYPE A AFFORDABLE HOUSING PROGRAM —
HOMEBUYER ASSISTANCE PROGRAM
The CITY OF CORPUS CHRISTI, TEXAS, hereinafter referred to as the City, and the CORPUS
CHRISTI BUSINESS AND JOB DEVELOPMENT CORPORATION, hereinafter referred to as the
Corporation, do hereby make and enter into this amendment (the "Amendment") which, together with
the AGREEMENT BETWEEN CORPUS CHRISTI BUSINESS AND JOB DEVELOPMENT
CORPORATION AND CITY OF CORPUS CHRISTI FOR TYPE A AFFORDABLE HOUSING
PROGRAM — HOMEBUYER ASSISTANCE PROGRAM, with a term beginning April 1, 2018 (the
"Agreement") and all other duly executed amendments, constitutes the entire agreement between the
City and the Corporation.
I.
Section 5. Term is hereby deleted in its entirety and replaced with the following language:
"Term. The term of this Agreement is from April 1, 2018 through
September 30, 2020."
The Corporation and the City agree to and shall abide by all terms and conditions of the original
Agreement and any amendments to that Agreement, to the extent they are not in conflict with the terms
of this Amendment.
APPROVED AS TO LEGAL FORM:
President Date
Corpus Christi Business and Job Development
Corporation Assistant City Attorney Date
Constance Sanchez Date
Chief Financial Officer
City of Corpus Christi