HomeMy WebLinkAbout027206 RES - 04/10/2007Page 1 of 3
RESOLUTION
AUTHORIZING THE CITY MANAGER, OR HIS DESIGNEE, TO
EXECUTE THE FIRST AMENDMENT TO THE CONTRACT
BETWEEN THE CORPUS CHRISTI BUSINESS AND JOB
IEVELOPMENT CORPORATION AND NUECES COUNTY
COMMUNITY ACTION AGENCY (NCCAA) FOR AFFORDABLE
HOUSING TO EXTEND THE TERM OF THE PROGRAM
AGREEMENT AND TO INCREASE THE MAXIMUM HOME
PURCHASE PRICE
WHEREAS, the Corpus Christi Business and Job Development Corporation, the
City of Corpus Christi, and the Nueces County Community Action Agency, a non-
profit corporation organized under the statutes of the State of Texas, executed an
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 period of twelve months from the date of execution of the contract.
WHEREAS, the parties to the agreement desire to execute this First Amendment
to revise the term provisions of the agreement to extend the term until November
19, 2007, and to increase the maximum housing price to $85,000.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CORPUS
CHRISTI, TEXAS, THAT:
SECTION 1. The City Council of the City of Corpus, Texas, approves the First
Amendment to the Affordable Housing Program Agreement between the Corpus
Christi Business and Job Development Corporation and Nueces County
Community Action Agency (NCCAA), for affordable housing to extend the term of
the Agreement until November 19, 2007, and to increase the maximum purchase
price of a house from $80,000 to $85,000. A copy of the Amendment is attached
as Exhibit "A
SECTION 2. That the City Manager is authorized to execute the First
Amendment to the Affordable Housing Program Agreement with Nueces County
Community Action Agency.
ATTEST:
Armando Chapa
Assistant Secretary
CITY OF ORPUS CHRISTI
kV dei ., ��//'%
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Approved as to form April 4 2007.
ry Smith
Assistant City Attorney
For the City Attorney
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Cor hristi, Texas
of
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, 2007
The above resolution was passed by the following vote:
Henry Garrett
Brent Chesney
Melody Cooper
Jerry Garcia
BI Kelly
Rex A. Kinnison
John E. Marez
Jesse Noyola
Mark Scott
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02"r06
FIRST AMENDMENT
TO THE
AFFORDABLE HOUSING
PROGRAM AGREEMENT WITH
NUECES COUNTY COMMUNITY ACTION AGENCY
This first amendment ("First Amendment") to the Affordable Housing Program
Agreement ("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 accomplish the affordable housing
project described in the Agreement and in the NCCAA proposal;
WHEREAS, the term of the Agreement was stated as twelve months from the date of
execution of the contract;
WHEREAS, the parties to the Agreement desire to execute this First Amendment to
revise the term provisions of the Agreement to extend the term until November 19,
2007; and
WHEREAS, the parties to the Agreement desire to increase the maximum housing price
to $85,000.
NOW, THEREFORE, the parties to the Agreement agree to amend the Agreement as
follows:
Section 1. Section 3 of the Agreement entitled "Term" is deleted in its entirety and is
replaced with the following language:
"SECTION 3. TERM.
"The term of this Program Agreement extends until November 19, 2007."
Sectirn 2. Paragraph a of Section 5 of the Agreement entitled "Services to be
Provided by NCCAA " is deleted in its entirety and is replaced with the following
language
SECTION 5. SERVICES TO BE PROVIDED BY NCCAA.
a. NCCAA shall provide down payment and closing cost assistance for the
purchase of a new home in their CAP Estates II subdivision in Corpus
Christi, Texas as described in its Project and pursuant to definition of
"affordable housing" found in Title 42 of the United States Code, Section
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Exhibit A
12745, in accordance with the requirement in the Texas Development
Corporation Act of 1979 Each home shall contain three bedrooms, two
bath, one car garage masonry home with approximately 1086 square feet
of living area, with total sale price, including lot, at or below $80,000
85,000
Section 3. By execution of this first Amendment, the parties agree to be bound by the
amended term provision. All other provisions, obligations, and conditions of the
Agreement not changed by this First Amendment remain the same and in full force and
effect.
EXECUTED IN DUPLICATE, each of which is considered an original, on this the
day of ____ , 2007.
CORPUS CHRISTI BUSINESS &
JOB DEVELOPMENT CORPORATION
Signature
Printed name:
Date:
Title
STAVE OF TEXAS §
COUNTY OF NUECES §
ACKNOWLEDGMENT
KNOW ALL BY THESE PRESENTS:
This instrument was acknowledged before me on , 2007,
by as the (title)
of the Corpus Christi Business and Job Development Corporation, a Texas nonprofit
corporation, on behalf of the corporation.
(seal) NOTARY PUBLIC, State of Texas
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