HomeMy WebLinkAboutC2019-711 - 7/23/2019 - Approved DocuSign Envelope ID:60573EED-51 BA-49D3-BC37-92OD1789DOBO
SECOND AMENDMENT TO THE
HOME GRANT AGREEMENT BETWEEN THE CITY OF CORPUS CHRISTI,WAYFORWARD, a Texas
Non-Profit Corporation
AND
FISHPOND LIVING AT CORPUS CHRISTI, LP
This Second Amendment ("Second Amendment") is made by and between the City of Corpus
Christi, Texas (hereinafter "CITY") and WAYFORWARD a Texas nonprofit corporation (hereinafter
"BORROWER")and FISHPOND LIVING AT CORPUS CHRISTI, LP a Texas Limited Partnership("OWNER")
WHEREAS, the CITY, BORROWER and OWNER executed a HOME Grant Agreement dated
October 30, 2020, which was approved by the City Council for the purpose of utilizing some of
the City's FY2019-20 Home Investment Partnership Program ("HOME") Program funds (hereinafter
the "Agreement");
WHEREAS, the parties desire to execute this Second Amendment to express their mutual
desire to reaffirm all terms, conditions, and covenants stated in the original Agreement and to
extend the termination date of the Agreement for construction of the Fishpond Living project
a Corpus Christi Affordable Housing project (the "Project") as further set out in the
Agreement.
NOW,THEREFORE,in consideration of the mutual covenants contained herein,and for other
good and valuable consideration the parties agree as follows:
Section 1. By execution of this Second Amendment, the parties agree to reaffirm and
continue in force all terms, conditions, and covenants stated in the original Agreement and any
prior Amendments, and as may be further amended by the execution of this Second
Amendment.
Section 2. Section 1.2 Term of the Agreement is hereby amended by deleting the original
termination date of"December 31, 2022" an inserting a new termination date of"June 30, 2023."
Section 3. Exhibit "A-1" of the Agreement, entitled "Budget & Construction
Schedule" is hereby amended and replaced with the attached "Amended Budget &
Construction Schedule" attached hereto and incorporated herein as "Exhibit A-1."
Section 4. By execution of this Second Amendment, the parties agree to revise the
FY2019-20 HOME original Agreement extending the Term of Agreement to June 30, 2023. All other
terms,conditions,and covenants of the Agreement not changed by this Second Amendment,or any
prior Amendment remain the same and in full force and effect.
(EXECUTION PAGE FOLLOWS)
FY19 HOME Wayforward 2nd Amendment
DocuSign Envelope ID:60573EED-51 BA-49D3-BC37-92OD1789DOBO
EXECUTED this the day of 1/5/2023
ATTEST: NEIGHBORHOOD SERVICES DEPARTMENT
Docusigned by:
U3AfiB26D51947D...
ocusignedby:
Rebecca Huerta d'4fb$`$; Director
City Secretary Neighborhood Services Department
APPROVED AS TO FORM: 031814 Authorized By DS
ocusignedby: Council July 23, 2019 Er-
ICVA
' Mdly«r
Ftcfiyar
Assistant City Attorney
Wayforward, a Texas nonprofit organization
DocuSigned by:
1/4/2023
6wiitn,iG �°liSc�b
tato, Executive Director Date
ATTEST:
FumuSigned by:
Fishpond Living at Corpus Christi LP, a Texas Limited Partnership
LDacuSigned dby:
Va-ll F6WIAACr 1/4/2023
Vid'1PNffliW Managing Member Date
ATTEST:
DacuSigned by:
PatF
FY19 HOME Wayforward 2nd Amendment