HomeMy WebLinkAboutC2020-472 - 7/28/2020 - Approved FIRST AMENDMENT
TO THE
HOME SUBRECIPIENT AGREEMENT
BETWEEN THE
CITY OF CORPUS CHRISTI
AND
ACCESSIBLE HOUSING RESOURCES, INC.
This First amendment ("First Amendment") is made by and between the City of Corpus
Christi ("City") and Accessible Housing Resources, Inc. ("Subrecipient")
WHEREAS, the City and the Subrecipient executed an agreement dated July 28, 2020
which was approved by the City Council for the purpose of utilizing the City's FY2020-21
Home Investment Partnership Program ("HOME") Program funds (the "Agreement");
WHEREAS, the Subrecipient has timely requested an extension of the termination dates
in order to complete the project contemplated under the Agreement; and
WHEREAS, the parties desire to execute this First Amendment to express their mutual
desire to reaffirm all terms, conditions, and covenants stated in the original Agreement
and to extend the construction compliance and termination dates of the Agreement.
Section 1. By execution of this instrument, the parties agree to reaffirm and continue in
force all terms, conditions, and covenants stated in the original Agreement, as may be
amended by the execution of this First Amendment.
Section 2. Grant period, subsection (a), of the Agreement is amended by deleting the
date "September 30, 2022" and inserting the date "September 30, 2023."
Section 3. Article 2, subsection 2.3, of the Agreement is amended by replacing Exhibit "A",
with the Updated Project Budget attached hereto and incorporated herein by reference as
Exhibit "A".
Section 4. Article 2, subsection 2.4, of the Agreement is amended by replacing Exhibit
"B", with the Updated Timeline for Goals and Expenditures attached hereto and
incorporated herein as Exhibit "B".
Section 5. Article 2, subsection 2 .5, of the Agreement is amended by deleting the date
" August 30, 2021" and inserting the date "August 30, 2023."
Section 6. By execution of this First Amendment, the parties agree to revise and extend
the rental assistance, rental deposit and utility deposit assistance program and termination
dates stated in the original Agreement. All other terms, conditions, and covenants of the
Agreement not changed by this First Amendment remain the same and in full force and
effect.
(EXECUTION PAGE FOLLOWS)
FY20 HOME AHRI l' Amendment
Page 1 of 2
SCANNED
I�tL
EXECUT IND PLIC TE, each of which is considered an original, on this the
day of 022.
ATTEST: City of Corpus Christi
Fokki th)ce,k‘vco \yfrIA
p
ecc Huerta, Secretary Linda Stewart, Director
� Neighborhood Services Department
APPROV AS TO FORM:
L 03---•I pi AUTHORILt►
W. Ke cilyar ;Y (0tIIfCIL 221212......
Assistant City Attorney
... SFt'aJFTAUu••
ACCESSIBLE HOUSING RESOURCES, INC.
C-)q /0-7/ c)
dy Telge Board Presnt Date
ATTEST:
(Corporate S al)
FY20 HOME AHRI 15` Amendment
Page 2 of 2
Exhibit A
CITY OF CORPUS CHRISTI
AGREEMENT EXTENSION
PROJECT WORK SCHEDULE
Project No: 8552
Project Title: AHRI Tenant Based Rental Assistance(TBRA)
Subrecipient: Accessible Housing Resources, Inc. (AHRI)
Agreement Extension Period: October 1,2022—September 30,2023
Program Budgeted Items Funding Expenditures Remaining Balance
Source: to Date
HOME
HOME Rents, including $182,219.40 $39,831.00 $142,388.40
security deposits
HOME Project Delivery $20,246.60 $0.00 $20,246.60
Costs
TOTAL $202,466.00 $39,831.00 $162,635.00
Milestone Date
1. Qtr. #4 Report September 15,2022
2. 50%Expenditure January 31,2023
3. 80%Expenditure May 31, 2023
4. 100%Expenditure August 31,2023
5. Project Close Out September 30,2023
6. Close Out Report Due October 31, 2023
In addition to the information provided the City may require a more detailed plan than the one
contained herein,and the Subrecipient shall provide such supplementary information in a timely
fashion in the form and content prescribed by the City.
Exhibit B
City of Corpus Christi
Time Line for Goals and Expenditures
Accessible Housing Resources, Inc. (AHRI)
Agency: HOME IDIS#8552
Grant Period: August 2022—September 2023
2023
Name of Program: Tenant Based Rental Assistance(TBRA)
Deposits Project
Depos
Rent/Util Delivery Cost
August 2022 $ 5,462
$ 21 $1,446.19
September 2022
$ 5,462 $ 21 $1,446.19
October 2022 $ 9,643 $
21 $1,446.19
November 2022
$ 9,843 $ 3,047 $1,446.19
December 2022 $10,039 $
21 $1,446.19
January 2023 $10,443 $ 21 $1,446.19
February 2023 $11,043 $1,446.19
March 2023 $11,043 $1,446.19
April 2023 $11,043 $1,446.18
May 2023 $11,043 $1,446.18
June 2023 $11,043 $1,446.18
July 2023 $11,043 $1,446.18
August 2023 $11,043 $1,446.18
September 2023 $11,043.40 $1,446.18
Remaining Grant $139,236.40 $3,152 $ 20,246.60