HomeMy WebLinkAboutC2014-450 - 12/16/2014 - Approved AGREEMENT BETWEEN CORPUS CHRISTI BUSINESS AND JOB DEVELOPMENT
CORPORATION AND
CITY OF CORPUS CHRISTI FOR
TYPE A AFFORDABLE HOUSING PROGRAM SERVICES
This Agreement for Type A Affordable Housing Programs Services ("Agreement") is entered into
between the Corpus Christi Business and Job Development Corporation ("Corporation") and the City
of Corpus Christi ("City") a Texas home rule municipality.
WHEREAS, the Texas Legislature in Section 501 of the Local Government Code (Development
Corporation Act of 1979) empowered local communities with the ability to adopt an optional local
sales and use tax as a means of improving the economic health and prosperity of their citizens;
WHEREAS, on November 5, 2002, residents of the City passed Proposition 2, New and
Expanded Business Enterprises, which authorized the adoption of a sales and use tax for the
promotion and development of new and expanded business enterprises at the rate of one-eighth of
one percent to be imposed for 15 years;
WHEREAS, in the same election, the residents of the City passed Proposition 2B, Affordable
Housing, which authorized the use of a portion of the sales and use tax approved under Proposition 2
for affordable housing, up to $500,000 annually, so long as there are projects for which the amount
can reasonably be used;
WHEREAS, the 1/8 cent sales tax authorized by passage of Proposition 2 and allocated under
Proposition 2B for affordable housing was subsequently enacted by the City's City Council ("City
Council") and filed with the State Comptroller of Texas, effective April 1, 2003, to be administered by
the Corporation's Board of Directors ("Board");
WHEREAS, the Board wishes to fund affordable housing projects in an effective manner;
WHEREAS, the City through its Neighborhood Services 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, the Board has determined that it is in the best interests of the residents of the City
that the City be awarded affordable housing funds, by execution of this Agreement, to accomplish the
affordable housing project described in Exhibit "A" of this Agreement;
In consideration of the covenants, promises, and conditions stated in this Agreement, the
Corporation and the City agree as follows:
1. Agreement to Provide Affordable Housing Services. This Agreement between the Corporation
and the City is executed to implement the promotion and development of an affordable housing
project described in Exhibit "A" and is incorporated in this Agreement by reference. The parties have
approved this Agreement in the amount of$749,231. This amount includes $249,231 from funds not
vet spent and rolled over fromfiscal year 2013-2014 and $500,000 from fiscal year 2014-2015.
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2. Effective Date. The effective date of this Program Agreement is the date on which the City
Council grants approval to the Corporation for this Project, so long as all parties have executed this
Agreement.
3. Term. The term of this Agreement is from October 1, 2014 until September 30, 2015.
4. Amendments or Modifications. No amendments or modifications to this Agreement may be
made, nor any provision waived, unless the amendment or modification is made in writing and signed
by persons duly authorized to sign agreements on behalf of all parties.
4. Notices.
a. Any required written notices shall be sent, certified mail, return receipt requested,
addressed as follows:
If to Corporation:
City of Corpus Christi Business and Job Development Corporation
Attn: President, Bart Braselton
1201 Leopard Street
Corpus Christi, Texas 78401
If to City:
City of Corpus Christi
Attn.: Director of Housing and Community Development Department
P.O. Box 9277
Corpus Christi, Texas 78469-9277
City of Corpus Christi
Attn.: City Manager
P.O. Box 9277
Corpus Christi, Texas 78469-9277
c. Notice is effective upon deposit in the United States mail in the manner provided above.
6. Relationship of Parties. In performing this Agreement, the Corporation and the City shall act in
an individual capacity, and not as agents, representatives, employees, employers, partners, joint-
venturers, or associates of one another. The employees or agents of either party may not be, nor be
construed to be, the employees or agents of the other party for any purpose.
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CORPUS CH' STI BUSINESS &
JOB DEV ii PMENLCORPORATION
11/
Signature r r - Title
Printed name:
Date:
ATTEST: CITY OF CORPUS CHRISTI
T-1-1212-CZC- kL-C4r, Susan Thorpe
City Secretary Assistant City (Manager
.
Date: I _/ 1 g / f Date: / Z3/4 7/P7/
APPROVED AS TO FORM:
.94,51 y1yJulian Grant eborah Brown
Assistant City Attorney Assistant City ney
Attorney for Corporation Attorney for City Housing and Community Development
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