HomeMy WebLinkAbout027207 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
DEVELOPMENT CORPORATION AND NUECES COUNTY
COMMUNITY ACTION AGENCY (NCCAA) FOR AFFORDABLE
HOUSING FOR A PILOT INFILL HOUSING PROJECT TO
EXTEND THE TERM OF THE PROGRAM AGREEMENT; TO
INCREASE THE MAXIMUM HOME PURCHASE PRICE; AND TO
CHANGE THE WARRANTY DEED REQUIREMENT
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 construct infill
housing, a project suitable for the promotion and development of affordable
housing within the City for a term of eighteen months from the date of execution
of the contract.
V*IEREAS, the parties to the Agreement desire to execute this First Amendment
to the Agreement to revise the term provisions of the Agreement to extend the
term until November 19, 2007, increase the maximum purchase price of a home
under the Agreement from $50,000 to $63,000, and provide for the acquisition of
title to property by a Warranty Deed, as some properties may be acquired
through tax foreclosure and the taxing entities do not provide General Warranty
Deeds.
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 for a Pilot Infill
Housing Project to extend the term of the Agreement until November 19, 2007, to
increase the maximum purchase price of a house from $50,000 to $63,000, and
to require acquisition of title by Warranty Deed. 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 for a Pilot Infill
Housing Project with Nueces County Community Action Agency.
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027207
ATTEST:
Armando Chapa
Assistant Secretary
Approved as to form April 4, 2007.
ry VST. Smith
Assistant City Attorney
For the City Attorney
Page 2 of 3
CITY OF CORPUS CHRISTI
Hen arrett
Mayor, City of ' orpus Christi
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Cor Li Christi, Texas
of , 2007
The above resolution was passed by the following vote:
Henry Garrett
Brent Chesney
Melody Cooper
Jerry Garcia
Bill Kelly
Rex A. Kinnison
John E. Marez
Jesse Noyola
Mark Scott
HALEG-DIR\Shared\GaryS\agenda12007\4.101Res-NCCAAlstAmendAffordHousingInfill.doc
027207
FIRST AMENDMENT
TO THE
AFFORDABLE HOUSING
PROGRAM AGREEMENT FOR
A PILOT INFILL HOUSING PROJECT
This first amendment ("First Amendment") to the Affordable Housing Program
Agreement for a Pilot Infill Housing Project ("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 construct infill housing, a project
suitle for the promotion and development of affordable housing within the City;
WHEREAS, the term of the Agreement was stated as eighteen 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:
WHEREAS, the parties to the Agreement desire to increase the maximum purchase
price of a home under the Agreement from $50,000 to $63,000; and
WHEREAS, the parties to the Agreement desire to provide for the acquisition of title to
property by a Warranty Deed, as some properties may be acquired through tax
foreclosure and the taxing entities do not provide General Warranty Deeds.
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."
Section 2. Paragraph f 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.
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Exhibit A
d. The title to each lot purchased by the NCCAA under this Program
Agreement must be conveyed, to the NCCAA as purchaser, by a general
warranty deed and must include title insurance.
The NCCAA shall utilize its outreach and marketing resources to secure
home -builders capable of constructing affordable housing on each purchased lot.
The NCCAA shad competitively bid the housing construction costs for each lot to
be developed under this Program Agreement. The cost of each home
constructed on a purchased lot may not exceed $50,000 63,000 exclusive of lot
acquisition costs
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
ACKNOWLEDGMENT
STATE OF TEXAS §
§ KNOW ALL BY THESE PRESENTS:
COUNTY OF NUECES §
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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ATTEST; CITY OF CORPUS CHRISTI
Armando Chapa
City Secretary
Date:
APPROVED AS TO FORM:
Gary W. Smith
Assistant City Attorney
for the City Attorney
NUKES COUNTY COMMUNITY
ACTION AGENCY
Signature
Printed name:
Date:
Title
STATE OF TEXAS §
§ KNOW ALL BY THESE PRESENTS:
COUNTY OF NUECES
George K. Noe
City Manager
Date:
ACKNOWLEDGMENT
This iistrument was acknowledged before me on , 2007,
by as the (title)
of the Nueces County Community Action Agency, a Texas nonprofit corporation, on
behatf of the corporation.
NOTARY PUBLIC, State of Texas
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