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HomeMy WebLinkAbout028565 RES - 04/20/2010Page 1 of 3 RESOLUTION APPROVING AND AUTHORIZING THE CITY MANAGER, OR HIS DESIGNEE, TO EXECUTE THE FIRST AMENDMENT TO THE AFFORDABLE HOUSING AGREEMENT FOR HOME BUYER ASSISTANCE MARKETING CAMPAIGN BETWEEN THE CORPUS CHRISTI BUSINESS AND JOB DEVELOPMENT CORPORATION, CITY OF CORPUS CHRISTI, AND NUECES COUNTY COMMUNITY ACTION AGENCY BY EXTENDING THE TERM OF THE AGREEMENT DATE FROM JULY 31, 2009 TO JULY 31, 2010. WHEREAS, the Corpus Christi Business and Job Development Corporation ("Corporation"), the City of Corpus Christi ("City"), and Nueces County Community Action Agency ("NCCAA") executed an affordable housing project agreement for the purpose of utilizing 4A sales tax funds for a home buyer assistance marketing campaign; WHEREAS, the term of the agreement expired on July 31, 2009; WHEREAS, NCCAA needs additional time to stagger its advertising efforts to prevent oversaturation of marketing; and WHEREAS, the actual costs to NCCAA for its initial campaign efforts have been lower than expected, which makes funds available to extend the campaign; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF 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 for Home Buyer Assistance Marketing Campaign between the Corporation, City, and NCCAA, to extend the term of the agreement from July 31, 2009 to December 31, 2009. SECTION 2. The City Manager, or designee, is authorized to execute the First Amendment to the Affordable Housing Program Agreement for Home Buyer Assistance Marketing Campaign between the Corporation, the City, and NCCAA, a copy of which is attached as Exhibit "A". ATTEST: THE CITY OF CORPUS CHRISTI Armando Chapa City Secretary Joe Addme Mayor 028565 Res -1 stAmendNCCAA-Marketing-04152010 INDEXED Page 2 of 3 APPROVED: 15TH day of April, 2010. R. J e' ing First As istant Cityifittorney For City Attorney Res -1 stAmendNCCAA-Marketing-04152010 Corpus Christi, Texas of a --C , 2010 The above resolution was passed by the following vote: Joe Adame Chris N. Adler Brent Chesney Larry R. Elizondo, Sr. Kevin Kieschnick 411— Priscilla Leal 43C - Alba /u. John E. Marez Nelda Martinez Mark Scott Res -1 stAmendNCCAA-Marketing-04152010 Aff- ©28565 Page 3 of 3 FIRST AMENDMENT TO AFFORDABLE HOUSING PROJECT AGREEMENT WITH NUECES COUNTY COMMUNITY ACTION AGENCY FOR HOME BUYER ASSISTANCE MARKETING CAMPAIGN A. The Affordable Housing Project Agreement ("Agreement") between the Corpus Christi Business and Job Development Corporation ("Corporation") and Nueces County Community Action Agency ("NCCAA") for Home Buyer Assistance Marketing Campaign, last executed on August 21, 2008, is amended as follows: 1. Section 3 is revised to read as follows: "3. Expiration Date. This Project Agreement expires on July 31, 2009 2010." B. This amendment to the Agreement takes effect on the latest date that either party executes this amendment C. This amendment does not effect the term of the Agreement. D. Any provision of the Agreement that is not expressly amended by this amendment remains unchanged and in full force and effect. E. This amendment to the Agreement may be executed in any number of counterparts, each of which shall be deemed an original and constitute one and the same instrument. EXECUTED on the date shown opposite the signature of each party. Corpus Christi Business & Job Development Corporation By: Date: Attest By: Eloy Salazar President Armando Chapa, Secretary Page 1 of 3 FirstAmendment -- Affordable Housing Project Agreement --NCCAA Marketing 04092009 EXHIBIT A ATTEST: CITY OF CORPUS CHRISTI Armando Chapa City Secretary 'Angel R. Escobar City Manager Date: Date: APPROVED AS TO FORM: R. Jay Reining First Assistant City Attorney for the City Attorney Page 2 of 3 FirstAmendment -- Affordable Housing Project Agreement --NCCAA Marketing 04092009 Nueces County Community Action Agency By: Date: Joe A. Martinez Executive Director ACKNOWLEDGMENT STATE OF TEXAS KNOW ALL BY THESE PRESENTS: COUNTY OF NUECES This instrument was acknowledged before me on , 2010, by Joe A. Martinez, Executive Director, Nueces County Community Action Agency , a Texas Domestic Non -Profit Corporation, on behalf of the corporation. Page 3 of 3 FirstAmendment -- Affordable Housing Project Agreement --NCCAA Marketing 04092009