HomeMy WebLinkAbout032257 RES - 10/27/2020RESOLUTION APPROVING AMENDMENT NO. 2 TO EXTEND THE TERM OF THIS
AGREEMENT TO SEPTEMBER 30, 2021 BETWEEN THE CORPUS CHRISTI
BUSINESS AND JOB DEVELOPMENT CORPORATION AND THE CITY OF CORPUS
CHRISTI FOR TYPE A AFFORDABLE HOUSING PROGRAM — HOMEBUYER
ASSISTANCE PROGRAM
WHEREAS, on April 16, 2018, the Board of the Corpus Christi Business and Job
Development Corporation (the" Board") approved an Agreement with the City to fund a
Homebuyer Assistance Program for citizens seeking affordable housing assistance (the
"Agreement"); and
WHEREAS, the City of Corpus Christi (the "City"), through its Grant Monitoring
Department ("Department"), manages the Homebuyer Assistance Program which is
funded with Type A tax funds committed by the Board: and
WHEREAS, the Board and the City desire to extend the term of the original Agreement
through April 1, 2020 so that citizens who qualify for affordable housing assistance may
continue to receive assistance under the Homebuyer Assistance Program.
NOW THEREFORE BE IT RESOLVED, BY THE CITY COUNCIL OF THE CITY OF
CORPUS CHRISTI, TEXAS:
SECTION 1. That Amendment No. 2 to the Agreement between the Corpus Christi
Business and Job Development Corporation and the City, a copy of which is attached
hereto as Exhibit "A" is hereby authorized, ratified and approved.
SECTION 2. The City Manager, or designee, is authorized to execute an Amendment
between the Board and the City for the Type A Affordable Housing Program — Homebuyer
Assistance Program.
SECTION 3. A copy of the executed amendment shall be filed in the office of the City
Secretary.
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PASSED AND APPROVED on the day of 0C W, 2020:
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032257
SCANNED
Joe McComb
Roland Barrera
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Paulette M. Guajardo
Gil Hernandez
Michael Hunter
Ben Molina
Everett Roy
Greg Smith
ATTEST:
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CITY OF CORPUS CHRISTI
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Rebe ca Huerta Jo -I Comb
City Secretary M
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