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HomeMy WebLinkAboutC2012-102 - 3/29/2012 - NATHIRD AMENDMENT TO THE FY05 AND FY06 CHDO AGREEMENTS BETWEEN THE CORPUS CHRISTI COMMUNITY IMPROVEMENT CORPORATION AND THE NUECES COUNTY COMMUNITY ACTION AGENCY This third amendment ( "Third Amendment ") is made by and between the Corpus Christi Community Improvement Corporation ( "CCCIC ") and the Nueces County Community Action Agency, hereinafter referred to as a Community Housing Development Organization ( "CHDO" or, interchangeably, as the "SUBRECIPIENT "). WHEREAS, the CCCIC and the CHDO executed an agreement ( "FY05 Agreement "), which was approved by the CCCIC on September 13, 2005, for the purpose of utilizing the CCCIC's FY05 HOME Investment Partnership Program ( "HOME Program ") funds; WHEREAS, the CCCIC and the CHDO executed an agreement ("FY06 Agreement'), which was approved by the CCCIC on September 16, 2007, for the purpose of utilizing the CCCIC's FY06 HOME Program funds; WHEREAS, both the FY05 Agreement and the FY06 Agreement were subsequently amended, through the execution of respective first amendments ( "First Amendment to FY05 Agreement" and "First Amendment to FY06 Agreement," respectively); WHEREAS, the scope and purpose to be accomplished by NCCAA and funded under the FY05 Agreement and the FY06 Agreement changed (both agreements collectively referred to in this Second Amendment as the "Agreements" since the substantive provisions in each are identical, with the exception of minor items, applicable dates and funding amounts); WHEREAS, the CCCIC approved a new change in scope and purpose for the Agreements at their meeting held on March 23, 2010; WHEREAS, the parties executed a combined second amendment to the Agreements ( "Second Amendment'), which Second Amendment served as the sole document to simultaneously reinstate, extend, modify certain provisions, and amend both the FY05 Agreement and the FY06 Agreement; WHEREAS, NCCAA has requested an extension, through the execution of this Third Amendment, in order to complete the project funded under the Agreements; and WHEREAS, the parties desire to execute this Third Amendment to revise and extend the term stated in the Agreements, as modified by the First Amendment to FY05 Agreement, the First Amendment to FY06 Agreement, and the Second Amendment. 2012 -102 3129112 13rd Amdmt 2012 Page 1 of 3 CCCIC and NCCAA INDEXED Section 1. By execution of this Third Amendment, the parties agree to extend the term of each of the Agreements, with a new termination date of December 31, 2012. Section 2. Sections 2 of each of the Agreements are deleted in their entirety and are replaced with the following language in each: " SECTION 2. AGREEMENT PERIOD This agreement ( "Agreement" or "HOME AGREEMENT ") terminates on December 31, 2012, unless otherwise specifically provided for by the terms of this Agreement. Section 3. Subsections 5.1 and 5.2 of Section 5 of each of the Agreements are deleted in their entirety and are replaced with the following heading and language: SECTION 5. TERM 5.1 Except as otherwise provided pursuant to the provisions hereof, this HOME AGREEMENT shall be effective upon execution by the last signatory and shall terminate on December 31, 2012. 5.2 Notwithstanding the provisions of paragraph 5.1 hereof, the final completion date for all construction work for the PROJECT shall be no later than November 30, 2012. A proposed PROJECT budget and construction schedule ( "Budget and Construction Schedule ") is attached to this HOME AGREEMENT as Exhibit "A" and is incorporated into this HOME AGREEMENT as if set out fully herein. A final PROJECT Budget and Construction Schedule is required to be submitted by SUBRECIPIENT pursuant to Section 10. Section 4. All exhibits previously included and attached to the Agreements and as added, modified, or replaced by the First Amendment to FY05 Agreement, First Amendment to FY06 Agreement, or the Second Amendment, are incorporated by reference into this Third Agreement as if fully set out herein and are effective for all intents and purposes. Section 5. The parties agree that all terms and conditions of the FY05 Agreement and the FY06 Agreement not changed by the First Amendment to FY05 Agreement, the First Amendment to FY06 Agreement, the Second Amendment, and this Third Amendment remain the same and in full force and effect. The parties further agree that all modifications made to the Agreements by and through any previously executed amendments continue in full force and effect unless specifically further modified by the express language of this Third Amendment. (EXECUTION PAGE FOLLOWS) NCCAA CHDO Agmt FY05 FY06 Combined 3rd Amdmt 2012 Page 2 of 3 EXECUTED in duplicate originals this the day of rt _ _ 2012. CORPUS CHRISTI COMMUNITY IMPROVEMENT CORPORATION I �: --: �-- ��" / - Ronald L. Olson General Manager SUBRECIPIENT: NUECES COUNTY COMMUNITY ACTION AGENCY, a Texas nonprofit corporation he 4. Martinez utive Director 3_�,���� Date ACKNOWLEDGMENT STATE OF TEXAS § COUNTY OF NUECES § This instrument was acknowledged before me on the day of n KL 012, by Joe Martinez, Executive Director of the Nueces County Community Ac ion Agency, a Texas nonprofit corporation, on behalf of the corporation. Al LBUri »� Lynn Bakllk NOTARY PUBLIC STATE lSff TEXAS NCCAA CHDO Agmt FY05 FY06 Combined 3rd Amdmt 2012 Page 3 of 3