HomeMy WebLinkAboutC2024-324 - 6/11/2024 - Approved FIRST AMENDMENT TO THE OPTION FOR SALE OF REAL PROPERTY
This FIRST AMENDMENT TO THE OPTION FOR SALE OF REAL PROPERTY
(the "First Amendment") is made and entered into effective upon the date of final
execution by the parties (the "First Amendment Effective Date"), by and between
Habitat for Humanity -Corpus Christi, Inc, a Texas Nonprofit Corporation exempt from
federal taxation under Section 501(c)(3), Internal Revenue Code of 1986, ("Optionee"),
and City of Corpus Christi, a Texas home-rule municipal corporation ("City").
WHEREAS, Lot 2, Block 9 of Patrick Webb subdivision cannot be reasonably
developed due to the narrowness of the lot; and
WHEREAS, Optionee will not be required to develop Lot 2, Block 9 of Patrick Webb
subdivision.
NOW, THEREFORE, for and in consideration of the mutual covenants set forth herein,
and for other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged and confessed, Optionee and City hereby agree to amend Section
2. Option Period as follows:
Section 2. Option Period
The option to purchase the property, hereinafter referred to as the "Option," shall
commence upon the final execution of this contract and will expire on June 30,
2026, without notice to the Optionee.
This option may only be exercised by Optionee after the construction of single-
family dwellings on Lots 6, 7, 8, 11, and 12, Block 9, Patrick Webb Addition
Subdivision, City of Corpus Christi, Nueces County, Texas, located at or near
2304, 2312, and 2324 Mary Street.
This Amendment is effective upon the date of final execution by the parties.
To the extent that the provisions of this Amendment conflict with any provisions of the
Agreement and prior amendments, if any, the provisions of this Amendment shall prevail
and govern for all purposes and in all respects.
(Signatures on the Following Page)
First Amendment to Option for Sale of Real Property Page 1
SCANNED
IN WITNESS WHEREOF, this First Amendment is entered into as of the date of the last
signature.
Optionee
Myli ndula, President Date
Habitat or Humanity - Corpus Christi, Inc
1901 Lipan St
Corpus Christi, TX 78408
City
a j 1 ( Ia a5
Dan McGinn, Assistant City Manager Date
City of Corpus Christi
P.O. Box 9277
Corpus Christi, Texas 78469
APPROVED AS TO FORM: ( I-/?-z S
ft/LA-a
Deputy City Attorney
Buck Brice
6.E.L.C.2333allUTHORIZED
ATTEST:
BY COUNCIL
REB CCA HUERTA
CITY SECRETARY
SECRE
First Amendment to Option for Sale of Real Property Page 2