HomeMy WebLinkAbout031438 RES - 05/22/2018 RESOLUTION
APPROVING AN AGREEMENT BETWEEN THE CORPUS CHRISTI BUSINESS AND
JOB DEVELOPMENT CORPORATION AND THE CITY OF CORPUS CHRISTI IN THE
AMOUNT OF $320,000 FOR TYPE A AFFORDABLE HOUSING PROGRAM
WHEREAS, the Board of the Corpus Christi Business and Job Development
Corporation (the "Board") has approved a Type A Affordable Housing Program -
Homebuyer Assistance Program, which it funds with proceeds from the sales and use
tax;
WHEREAS, the City of Corpus Christi (the "City"), through its Housing and Community
Development Department ("Department"), manages several programs to assist eligible
citizens with affordable housing;
WHEREAS, the City is willing to provide the services that the Board wishes to fund and
has provided these services in the past for the Board;
WHEREAS, on April 16, 2018, the Board approved an agreement in the amount of
$320,000, between the City and the Board for the management of its program.
NOW THEREFORE BE IT RESOLVED, BY THE CITY COUNCIL OF THE CITY OF
CORPUS CHRISTI, TEXAS:
SECTION 1. The agreement between the City and the Corpus Christi Business and Job
Development Board is approved this date and made effective April 1, 2018.
SECTION 2. The City Manager, or designee, is authorized to execute an agreement
between the Board and the City for the Type A Affordable Housing Program —
Homebuyer Assistance Program.
Section 3. A copy of the executed agreement shall be filed in the office of the City
Secretary.
�
Adopted this the YLc '/171
day of I l71 (f ,L , 2018.
ATTEST: THE CuT4 OF CORPUS CHRISTI
I TI
Re ecca Huerta M. •
City Secretary
Page 1 of 2
031. 438
INDEXED
Corpus Christi, Texas
22n� of VIt , w18
The above resolution was passed by the following vote:
Joe McComb AL
Rudy Garza LLC'
Paulette Guajardo �l _ I 1 ;
Michael Hunter /�, __ ,
Debbie Lindsey-Opel �.�2o-
Ben Molina
Everett Roy /�
Lucy Rubio (,tin 4 ,4(s
Greg Smith (1,64
lPage 1of1
CITY OF CORPUS CHRISTI
CERTIFICATION OF FUNDS
(City Charter Article IV, Sections 7 & 8)
I, the Director of Financial Services of the City of Corpus Christi, Texas (or his/her duly authorized
representative), hereby certify to the City Council and other appropriate officers that the money required
for the current fiscal year's portion of the contract, agreement, obligation or expenditure described
below is in the Treasury to the credit of the Fund specified below, from which it is to be drawn, and has
not been appropriated for any other purpose. Future payments are subject to annual appropriation
by the City Council.
City Council Action Date: Legistar Number: 18-0585
May 22, 2018
Agenda Item:
Resolution approving an agreement between the Corpus Christi Business and Job Development
Corporation and the City of Corpus Christi in the amount of $320,000 for the Type A Affordable Housing
Program.
Amount Required: (Amount to be Certified) $ 320,000
Fund Name Accounting Unit Account No. Activity No. Amount
CCBJDC-Affordable 1140-15000-132 530000 $300,000
Housing Program
CCBJDC-City 1140-15042-132 530000 N/A $ 20,000
Reimbursement
Total $320,000
❑ Certification Not Required
Director of Financial Services
Date: MAY 2 1 2018