HomeMy WebLinkAboutResolution - 2002-R0401 - Community Developement Funding Contract - Community Dev. Block Grant - 09/26/2002Resolution No. 2002-RO401
September 26, 2002
Item No. 48
RESOLUTION
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
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, a Community Development Funding Contract,
by and between the City of Lubbock and Lubbock Housing Finance Corporation from the
Community Development Block Grant for providing assistance to low -moderate income to
purchase a home, and all related documents. Said Contract 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 26th day of September
,,% � 2002.
McDOIJGAL, MAYOR
ATTEST:
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Rebecca Garza
City Secretary
APPROVED AS TO CONTENT:
APPROVED AS TO FORM:
Amy
Attorney
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ccdocs/Lubbock Housing Finance Corporation.res
September 18, 2002
Resolution No. 2002-RO401
September 26, 2002
Item No. 48
STATE OF TEXAS
CONTRACTOR OF LUBBOCK §
AMENDMENT TO COMMUNITY DEVELOPMENT FUNDING
AGREEMENT BETWEEN THE CITY OF LUBBOCK
AND LUBBOCK HOUSING FINANCE CORPORATION
This amendment to Agreement is entered into this 26th day of September, 2002
between the City of Lubbock, a Texas municipal corporation (hereinafter called "the
City") and Lubbock Housing Finance Corporation, a non-profit corporation (hereinafter
called "Grantee").
WHEREAS, the Grantee and the City have previously entered into an Agreement
dated October 11, 2001 (hereinafter called "the Agreement"); and
WHEREAS, the City and the Grantee hereby desire to amend said agreement.
NOW THEREFORE, the City and the Grantee hereby agree to amend the
Agreement as follows:
1) Paragraph I. C. 1. of the Agreement is hereby amended as follows:
City agrees to provide Grantee assistance from Department of Housing
and Urban Development funds in an amount not to exceed Sixty -Five
Thousand Dollars and NO/100 ($65,000.00) in return for Grantee
performing the activities set forth in this Agreement as consideration for
said funds.
2) Paragraph II. of the Agreement is hereby amended as follows:
Services of the Grantee shall start on the 1st day of October, 2001, and
terminate on the 30th day of September, 2003. The term of this Agreement
and the provisions herein shall be extended to cover any additional timer
period during which the Grantee remains in control of CDBG funds or
other assets, including program income.
3) 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.
Executed the 19th of September, 2002 as first written as affected as provided
herein.
ATTEST:
Reb cca Garza, City Secretary
LUBB CK HOUSING FINANCE:
CO TION:
HARI FLYNN
EXECUTIVE DIRECTOR
FED. I.D.#`
OVED AS TO CONTENT:
Nancy Haney
APPROVED, AS TO FO
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