HomeMy WebLinkAboutC2007-092 - 4/10/2007 - Approved....._ .,...__ ,_,. ~._. w. .~. ...._.......,.~ __ _
_ _,~ . . , _ ..._... .,~ .~. _ ~ _ _ .. ~, ~._~ ,~
FIRST AMENDMENT
TO THE
AFFORDABLE HOUSING
PROGRAM AGREEMENT FOR
A PILOT INFILL HOUSING PROJECT
This first amendment ("First Amendment"J to the Affordabfe 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"j
for the purpose of utilizing 4A sales tax funds to construct infill housing, a project
suitable for the promotion and development of affordable hou~ing within the City;
WHEREAS, the term of the Agreement was stated as eighteen months frorn the c~ate of
execution of the contract;
WHEREAS, the parties to the Agreement desire to execute this First Amenclmentto
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 p~archase
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 t~ie 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 Agreemer~rt as
follows:
Section 1. Section 3 of the Agreement entitled `Term" is deleted ir~ its entirety a~d 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.
2007-092
~4/1~/~~ ment-AffordableHousinglnfi11070327.doc
Res027207 Page 1 of 3
NCCAA
~ The title tn each iot purchased by the NCCAA under this Program
Agreement must be conveyed, to the NCCAA as purchaser, by a~a~
warranty deed and must include title insurance.
#. The NCCAA shall utilize its outreach and marketing resources to secure
home-builders capable af constructing affordable housing on each purchased lot.
The NCCAA shall competitively bid the housing construction costs for each lot to
be developed under this Program Agreement. The cost of each home
corestructed on a purchased lot may not exceed $aA;AA9 63,000 exclusive of lot
acquisition costs.
Sec~n 3. By execution of this first Amendment, the parties agree to be bound by the
ame~ded term provision. All other provisions, obligations, and conditions of the
Agr~ement not changed by this First Amendment remain the same and in full force and
effect.
EX~UTED IN DUPLICATE, each of which is considered an original, on this the
~._._ d~y of --- ~ ~~ ~ `"~_ { ` _, 2007.
- --- - ~.
CO~US CNRISTI BUS~INESS &
,l~,E~DEV~~OPMENT CORPORATION ~
, ~ t
~~ ~~~~ ~ ~
re
Date~:
e:
ACKNOWLEDGMENT
STA~'E ~ TEXAS §
§
COE~VTY flF NUECES §
KNOW ALL BY THESE PRESENTS:
Thi~ i strument was a~kn wledged before me ~ ~~ ~'t'r ~ , 2007,
by ~~ G~.,~ ~~'~ ~ ; ~~r~ ~ ~t ~~r~ r as the ~ ~ .Lr~ ~ -~61~--, (title)
of th~e Cor~us Christi Business and Job Development Corp ration, a Texas nonprofit
corp~oration, on behalf of the corporation.
~'_ ~~~1.~ ~ .
~ ~ 1 ~n ,~-fL.__ ~~L-'j''", x-._
~`'~~ ~` #~ -. .w .~,te _ NOTARY pUBLIC,IState of1'~xas
~ ' °~; ~tcrt~ e~:~~ _
~.` ~:~r,~s
~ ~~~ ~
~°a~+jj~ <<~~,
>#_c>-: ~~ 5~~. ;~~T~-~ ~ , ,.
...~"~r.'.: "r,.;+.,~.,,~.~., _ ,
H:1LE$-DIRWeannie~Gary~Amendment-AffordableHousinglnfi11070327.doc
Page 2 of 3
..,.:..,~,. ...~... .,,k ~. . ,,~,, ~ ..~„~..,, _ , < _ _ , ,,,,,
.... _.. ~.. ,,,,. m___.... _._,.,,r
ATT~ST:
/'~Jl~rrws/~~
Arm~ndo Chapa
City Secretary
Dat~:
CITY OF CORPUS CHRISTI
Geor K. Noe
City Manager
~~ ~~
~ate: ( ~
APt~OV~D AS TO FORM: „~' 'i~ ;~ 1y..:~c ~: ~
,-
~. ~.
'~ ~ ~ ~ ~ r ~'~:
'`:
Ga ' W. ' ith
Ass~tant City Attorney
for t~te City Attorney
NU~CES COUNTY COI4IMUNITY
AC7~ON AGENCY
---;
! ~ ~~-
,~~~ ~
Siqrr~4~re ~ e
1.~ ~-
~.'~~~ ~ AUTMIt)Ritc~
. l.~ I ~~(,
~Y Cat3NCll
.,,_,.,.,.,_.. _... ._..,..._ ..,....i~....
SFC~ETA ~
i~
Prin~ed name: ~fl~ ~ ~/~~Tl ~'"
Date: ~a-~-'~ ~r ~~C~
ACKNOWLEDGMENT
ST~E ~ TEXAS §
§ KNOW ALL BY THESE PRESENTS:
COt~VTY ~F NUECES §
This' instr~ment was acknowledged before me on ~ , 2007,
bY ~o~ ~.11 A~ ~~-~ as the ~~, Q.,~c-ra 2 (titie)
af tl~ Nu~t:es County Community Action Agency, a Texas nonprofit corporation, on
beh~lf of the corporation.
~~~
p1~N1NM R i~,'_~'C~.`,~.~~ ~.
~-- ~~~ ~ NOTARY PUBLIC, State of Texas
oowea :o~ o
H:tLEt~-DIR\.leennie\GaryWmendment-AffordableHousinglnfi11070327. doc
Page 3 of 3
_ -~•. _.~ :-~ „~,~
_. ._ ~ :~, _ __ __ . ~
..~. _..,.._ _.~.. ..._ ,__ ..... . .... _._ __,,,.