HomeMy WebLinkAboutResolution - 012276C - Amendment To Funding Agreement - URA - 01/22/1976r
JX
0 IZ212(P
RESOLUTION
THAT the MAYOR of the CITY OF LUBBOCK BE and is hereby
authorized and directed to execute for and on behalf of. the
CITY OF LUBBOCK AN AMENDMENT TO THE FUNDING AGREEMENT between
THE CITY OF LUBBOCK and the URBAN RENEWAL AGENCY, attached
herewith which shall be spread upon the minutes of the Council
and as spread upon the minutes of this Council shall constitute
and be a part of this Resolution as if fully copied herein
in detail.
Passed by the City Council this 22nd day of January 1976.
OY SS, MAYOR
ATTEST:
Treva P illi s, Ci Secretary -Treasurer -
APPROVED AS TO FORM:
Fred 0. enter, Jr., Attorney
r• �
AMENDMENT TO FUTTDING AGREEMENT BETWEEN THE CITY OF LUBBOCK, TEXAS,
AND URBAN RENEWAL AGENCY OF THE CITY OF LUBBOCK, TEXAS
THE STATE OF TEXAS X
COUNTY OF LUBBOCK X KNOW ALL MEN BY THESE PRESENTS:
This Amendment that certain Funding Agreement made and entered
into by and between the CITY OF LUBBOCK,TEXAS, a home rule munici-
pal'corporation (hereinafter called "CITY") and the URBAN RENEWAL
AGENCY OF THE CITY OF LUBBOCK, TEXAS, (hereinafter called "AGENCY"),
on the 10th day of July, 1975.
WITNESSETH:
WHEREAS, the CITY and the AGENCY have heretofore entered into
a Funding Agreement with respect to the funding for the perfor-
mance of certain activities and services by the AGENCY pursuant to
a Community Development Plan adopted pursuant to the Housing and
Community Development Act of 1974; and
WHEREAS, the CITY and the AGENCY are desirous of amending
the said Funding Agreement, entered into by and between the said
parties as of July 10, 1975, in order to provide for additional
activities and services and for the revision and rearrangement of
certain items contained therein, with respect to the "Estimated
Cost" and "Estimated Work Program" as shown within the exhibit
attached to the said Funding Agreement, marked as Exhibit "A
f
NOW THEREFORE, the CITY and the AGENCY do hereby mutually
i. agree as follows:
I
Paragraph No. I within the said Funding Agreement shall be
amended to include an area designated as "Area 2", which is a
"Community Development Rehabilitation and Redevelopment Area",
the same being,a specific designation of an Urban Renewal area,
which is on file in the Office of the City Secretary, having been
duly approved and adopted by the City Council pursuant to and
under the authority of Article 1269L-3, V. A. C. S.
r:
YI.
The CITY and the AGENCY agree that Paragraph No. II of.the-
said Funding Agreement shall be amended to increase the amount of
funds provided to the AGENCY to perform the work,and activities
outlined therein, pursuant to the Community Development Plan,
from the sum of $2,609,035.00.to the sum of $2,749,637.00.
III.
The CITY and the AGENCY agree that Exhibit "A" as attached
to the said Funding Agreement shall be revised to reflect various
changes in the "Estimated Cost" and "Estimated Work Programs"
within each of the areas as are listed thereon, as is shown on
the attached "Revised Exhibit A" which is by reference made a
part hereof.
IV.
All other terms and conditions contained within -the said
Funding Agreement entered into betweenthe parties hereto as of
July 10, 1975, shall remain unchanged and confirmed hereby.
r
EXECUTED THIS 22 day of JANUARY , 1976.
CITY OF LUBBOCK, TEXAS
BY: iSA
YO
ATTEST;
Secretary-Trea4urer
URBAN RENEWAL AGENCY OF THE
CITY OF LUBBOCK, TEXAS
BY:
CHAIRMAN
ATTEST;
APPROVED AS TO FORM AND LEGALITY:
CITY ATTORNEY
-2-
EXHIBIT "A"
WORK PROGRAM
(1st Amendment)
CLAYTON CARTER
AREA 1
Estimated Cost 201,835
(Less Administrative Cost)
.Estimated Work Program
1. Acquisition 14
2. Relocation
Owner-occupants 6
Tenants 8
Businesses 0
3. Rehabilitation 3
4.: Public Works and Site Improvements None proposed for this area.
MAHON SCHOOL
.AREA $
Estimated Cost 68,333
(Less Administrative Cost)
Estimated Work Program
1. Acquisition 1
2. Relocation
Owner-occupants 1
Tenants 0
Businesses 0
3. Rehabilitation 8
4. Public Works and Site Improvements None proposed for this area.
E ARNETT BENSON
f AREA 6
Estimated Cost 749,000
(Less Administrative Cost)
Estimated Work Program
1. Acquisition 39
2. Relocation
Owner-occupants 28
Tenants
Businesses 3
3. Rehabilitation 17
4. Public. Works and Site Improvements Construction 3,010 L.F. of 4' sidewalk.
x
,t EXHIBIT
"A"r
WORK
PROGRAM
(1st Amendment)
POSEY C
AREA 9
'
Estimated Cast
658,891
(Less Administrative Cost)
Estimated Work Program
. 1. Acquisition
48 -
3 ROW
Sidewalk Easement
2. Relocation
Owner -occupants
ib
Tenants
17
Businesses
p
3 Rehabilitation
24
4. Public Works Site Improvements
Construction
12,555 L.F. of 4'
sidewalk and
2,090 L.F. of
6' sidewalks.
CHRIS HARWELL
AREA 11
.Estimated'.
Estimated Cost
201,875
(Less Administative Cost)
Estimated Work Program
1. Acquisition
6
2. Relocation
Owner -occupants
2
Tenants
5
Businesses
I
3. Rehabilitation
23
4. Public Works and Site Improvements
Construction
5,440 L.F. of 4'
sidewalk.
MANHATTAN HEIGHTS
AREA 12
Estimated Cost
292,609
(Less Administrative Cost)
Estimated Work Program
1. Acquisition
N/A
2. Relocation
N/A
Owner -occupants
Tenants
Businesses
3. Rehabilitation
71
4. Public Works and Site Improvements
Nine proposed
for this area.
"EXHIBIT A"
WORK PROGRAM
(1st Amendment}
CLOVER GARDENS
AREA 2
Estimated Cost
127,820
(Less Administrative Cost)
Estimated Work•'Program
1. Acquisition
75' of right-of-way
for industrial by-pass
5' of right-of-way for
alley widening
2. Demolition of structures
.in right-of-way taking
SUBTOTAL
2,300,.363
Administrative Cost
437,589
Interest on NDP Land
18,360 '
2,756,312
Less Net income
6,675
TOTAL GRANT REQUIRED
1 ..
2,749,637