HomeMy WebLinkAboutResolution - 2011-R0369 - Amendment To Contract - NELCDC - Extend Down Payment Closing Cost Program - 08/25/2011Resolution No. 2011-RO369
August 25, 2011
Item No. 5,13
RESOLUTION
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT the Mayor of the City of Lubbock is hereby authorized and directed to execute for
and on behalf of the City of Lubbock, an Amendment to a Community Development funding
Contract by and between the City of Lubbock and North & East Lubbock Community
Development Corporation (NELCDC), to extend the Down Payment Closing Cost Program, and
all related documents. Said Amendment is attached hereto and incorporated in this Resolution as
if fully set forth herein and shall be included in the minutes of the City Council.
Passed by the City Council this August 25 , 2011.
TOM MARTIN, MAYOR
ATTEST:
Garza, City Secretary
APPROVED AS TO CONTENT:
Brown, Interim Community Development Director
APPROVED AS TO FORM:
tS srty Attorney
gs/amendment-CDSB-North&East Lubb Comm Dev Corp
8.4.11
Resolution No. 2011-80369
STATE OF TEXAS
CONTRACTOR OF LUBBOCK
AMENDMENT TO COMMUNITY DEVELOPMENT FUNDING AGREEMENT
BETWEEN THE CI'T`Y OF LUB13OCK AND
NORTH & EAST LUBBOCK COMMUNITY DEVELOPMENT CORPORATION
This amendment to Agreement is entered into this 25th day of August 2011 between
the City of Lubbock, a Texas municipal corporation (hereinafter called "the City") and
North & East Lubbock Community Development Corporation a non-profit corporation
(hereinafter called "Contractor").
WHEREAS, the Contractor and the City have previously entered into an Agreement
dated October 25, 2007 (hereinafter called "the Agreement"); and
WHEREAS, the City and the Contractor hereby desire to amend said agreement.
NOW THEREFORE, the City and the Contractor hereby agree to amend the
Agreement as follows:
1) Paragraph II Time of Performance of the Agreement is hereby amended as
follows:
Services of the Grantee shall start on the 1St day of October 2007, and end on
the 30th day of September 2013. The terms of this Amendment and the
provisions herein shall be extended to cover the period of affordability
required as specified under 24 CFR 92.254 and any additional time period
during which the Grantee remains in control of HOME funds or other assets,
including program income.
2) This amendment to the Agreement shall be effective upon execution. The
remainder of the Agreement shall remain in full force and affect except as
changed herein.
2007-08 HOME Funding Contract Amendment
North & East Lubbock Community Development Corporation
Page 1 of 2
Executed the 25th of August 2011 as first written as affected as provided herein.
CITY OF LUBBOCK
TOM MARTIN
MAYOR
0
CO
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ATTEST:
P4 d.aj
5,K-
R6ekca Garza, City Secretary
DAVID LANGSTON
BOARD CHAIRPERSON
Federal I.D.# I ! — Dq(d t(��
APPROVED AS TO CONTENT:
Ph
yl Brown, Interim Community Development Director
APPROVE AS TO
Amy L. Sims ssis ttorney
2007-08 HOME Funding Contract Amendment
North & East Lubbock Community Development Corporation
Page 2 of 2