Loading...
HomeMy WebLinkAbout027208 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 RANDY FARRAR, DBA MIRAMAR HOMES, FOR AFFORDABLE HOUSING PROGRAM AGREEMENT, TO EXTEND THE TERM OF THE PROGRAM AGREEMENT. WHEREAS, the Corpus Christi Business and Job Development Corporation, the City of Corpus Christi, and Randy Farrar, DBA Miramar Homes, 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 Miramar proposal, a project suitable for the promotion and development of affordable lousing project, fora term of twelve months from the date of the execution of the contract. WHEREAS, the parties to the agreement desire to execute this First Amendment to revise the term provision of the agreement to extend the agreement for an additional twelve (12) months. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY LW CORPUS CHRISTI, TEXAS: SECTION 1. The City Council of the City of Corpus Christi, Texas, approves the First Amendment to the Affordable Housing Program Agreement between the Corpus Christi Business and Job Development Corporation and Randy Farrar, DBA Miramar Homes, to extend the term of the agreement for an additional twelve month period SECTION 2. The City Manager. or his Designee, is authorized to execute the First Amendment to the Affordable Housing Program Agreement with Randy Farrar, DBA Miramar Homesa copy of which is attached as Exhibit "A". ATTEST: Armando Chapa City Secretary CITY OF CORPUS CHRISTI Henry Ga rett Mayor H:\LEG-DIR\Shared\GaryS,agendan2J07\a- O\Res-AmendAffordableHousingMiramarHomes.doc 027208 Page 2 of 3 APPROVED AS TO FORM- April 4, 2007 Ga Smith Assistant City Attorney For the City Attorne H. \LEG'DIR\ShamdVGary5\agenda,,20U7\4-10Reo,4mendAffordob|eHouoingNUramarHomou.doc Cor hnsti. 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 Page 3 of 3 HALEG-DIR \Shared \ GariS agenda',2 )07\4-10 \Res-AmendAffordableHousingMiramarHomes.doc 02720 FIRST AMENDMENT TO THE AFFORDABLE HOUSING PROGRAM AGREEMENT WITH RANDY FARRAR, DBA MIRAMAR HOMES 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 Randy Farrar, dba Miramar Homes ("Miramar"). WHEREAS, the Corporation, City and Miramar 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 Miramar 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 for and additional twelve months NOW, THEREFORE, the parties to the Agreement agree to amend the Agreement as follows: Section 1. Section 3 of the Agreement entitled "Term" is amended to read as follows: "SECTION 3. TERM. "The term of this Program Agreement extends twelve twenty-four (4424) months from the date the last party executes this document. ("Effective Date")" Sectkn 2. 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. H:\LEG-DIRJJeannie\Gary\Amendment-AffordableHousingMiramarHomeso7o327.doc Page " of 3 Exhibit A 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 STATE 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 corpolration, on behalf of the corporation. seal) NOTARY PUBLIC, State of Texas ATTEST: CITY OF CORPUS CHRISTI Armando Chapa City Secretary Date: APPI4OVED AS TO FORA: Gary VV. Smith Assistant City Attorney for the City Attorney George K. Noe City Manager Date: H:\LEG-0IR\Jeannie\Gary\Amendment-AffordableHousingMiramarHomes070327.doc Page 2 of 3 RANDY FARRAR, dba Miramar Homes Signature Printed name: Date: Title ACKNOWLEDGMENT STATE OF TEXAS KNOW ALL BY THESE PRESENTS: COUNTY OF NUECES § This Wstrument was acknowledged before me on , 2007, by Randy Farrar. NOTARY PUBLIC, State of Texas H:\LEG-0IRUeannie\Gary Wmendment-AffordableHousingMiramarHomes070327.doc Page 3of3 ATTEST: CITY OF CORPUS CHRISTI Armando Chapa City Secretary Date: APPROVED AS TO FORM: Gary W. Smith Assistant City Attorney for the City Attorney NUECES COUNTY COMMUNITY ACTION AGENCY Signature Printed name: Date: Title STATE OF TEXAS COUNTY OF NUECES § George K. Noe City Manager Date: ACKNOWLEDGMENT KNOW ALL BY THESE PRESENTS: This instrument was acknowledged before me on , 2007. by as the (title) of the Nueces County Community Action Agency, a Texas nonprofit corporation, on behaf of the corporation. NOTARY PUBLIC, State of Texas H \LEG•DIR\Jeannie\Gary\Amendment-AffordableHousingNCCAA070327.doc Page 3 of 3