HomeMy WebLinkAboutC2007-091 - 4/10/2007 - ApprovedFIRST AMENDMENT
TO THE
AFFORDABLE HOUSING
PROGRAM AGREEMENT WITH
NUECE~ COUNTY COMMUNITY ACTION AGENCY
This f~'st amendment ("First Amendment") to the Affordabte Housing Program
Agree~nent ("Program Agreement") is made by and between the Corpus Christi
Busir~ess a~d Job Development Corporation (°Corporation"), the City of Corpus Christi
("City°), and the Nueces County Community Action Agency ("NCCAA"), a non-profit
corpc~ation organized under the statutes of the State of Texas.
WH~tEA~, the Corporation, City and NCCAA executed an agreement ("Agreement")
for th~ purpose of utilizing 4A sales tax funds to accomplish the affordable housing
proje~t des~ribed in the Agreement and in the NCCAA proposal;
WHE~tEAS, the term of the Agreement was stated as twelve months from the date of
exec~tion of the contract;
WHditEAS, the parties to the Agreement desire to execute this First Amendment to
revi~ the t~rm provisions of the Agreement to extend the term until November 19,
2007; and
WH~'tEA~, the parties to the Agreement desire to increase the maximum housing price
to $~.000.
N01~, THEREFORE, the parties to the Agreement agree to amend the Agreement as
follor~+s:
Sec~on 1. Section 3 of the Agreement entitled "Term" is deleted in its entirety and is
repl~ced with the following language:
"S~CTION 3. TERM.
"The term of this Program Agreement extends until November 19, 2007."
Sec~on 2. Paragraph a of Section 5 of the Agreement entitled "Services to be
Pro~ided by NCCAA " is deleted in its entirety and is replaced with the following
lang~age:
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
2007-091
~nt-AffordableHousingNCCAA070327.doc
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12745, in accordance with the requirement in the Texas Development
Corporation Act of 1979. Each nome shall contain three bedrooms, two
bath, one car garage masonry home with approximately 1086 square feet
of living area, witr total sale price, including lot, at or below $~8;A89
85,000
Sec~on 3. By execut~on of this first Amendment, the parties agree to be bound by the
amer-ded term provision. Ali other provisions, obligations, and conditions of the
Agrelement not changed by this First Amendment remain the same and in full force and
effect.
EKE~UTE~ IN DUPLICATE. each of which ~s considered an original, on this the
~~~ay of ---~ ~Vt.~~,,_ , 2007.
,
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ACKNOWLEDGMENT
STATf OF TEXAS §
§ KNOW ALL BY THESE PRESENTS:
COlJ~1TY CJrF NUECES §
This ~ tru~ent was a k fuvledged ~before me on I V~«-~- ~ , 2007,
by ~+" t ~~ ::~: -~_ as the ~ (~,~.~ ~ ~ ;~ ~1-- (title)
of the~ C rpus Christi Business and Job Development Corporation, a Texas nonprofit
corpc~ration, on behalf of the corporation. ~
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-~:,~: _ -- :~:~ ,. ~. ~~' ~~'t`'-~~~~
-'~'~'`t~:e~~p~-~~~ t.~Rr~~~ NOTARY UBLI , State o exas
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'~`' My Corn" h;; 02 '8 . 09
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COI~US ~#iRISTI BUSMIESS 8~
JOB ~EV~LOPMENT CORPORATION
ATT~ST:
~~-r4~~~._~
Arma~da Chapa
City ~ecretary
Date: __ _~/3/ 2
CITY OF CORPUS CHRISTI
Geor K. Noe
City anager
Date: ~~~ ~ ~ f
APPI~OVEfl AS TO FORM: ~~4 ~;~. „~ ~~ ;~
1
~-~, " l.~~' f t 4 r~' -
Gak'y V1/.' mith
Assi~ant City Attorney
for the City Attomey
NUE~ES COUNTY COIIMIIIUNITY
ACTl~'JN AtGENCY
~
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ign ure ~ T~tle ^
Print~d name: ~~.-- A ~`~-~~T~~Z
Date: ~L ~i Z~~_
ACKNOWLEDGMENT
S 0~`'l~ l~ ~uT~ic~~
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SECRET~
STA~ OF TEXAS §
§ KNOW ALL BY THESE PRESENTS:
COU#~TY QF NUECES §
This instrurnent was acknowledged before me on ~~,Q ~ , 2007
~Y _~_a4- ~3 • r'`~A~~~~ u E~ as the ~'~~ ~~ f , p.~c-rn e (title)
of th~ Nuec~s County Community Action Agency, a Texas nonprofit corporation, on
beha~f of tl~ corporation
~:
, ~,, ~"lyd.~~~ ~~ _ - .:.`
+~can~wRwn~ NOTARY PUBLIC, State of Texas
ac+ob« Z8. sQt o
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