HomeMy WebLinkAboutResolution - 5853 - Amendment To Agreement - LHFC - HOPE 3 Program - 05_14_1998RESOLUTION NO. 5853
Item #14
May 14, 1998
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 an Amendment to an
Agreement by and between the City of Lubbock and the Lubbock Housing Finance
Corporation. 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 Council.
Passed by the City Council this 14th day of May , 1998.
ATTEST:
KaytI Darnell, City Secretary
APPROVED AS TO CONTENT:
C" &�nrQi,&Wk -
Doug G an,
Manag irector
of Health and Community Services
APPROVED AS TO FORM:
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ALS:dk/house-finance.res.doc
ccdocs/May 1, 1998
"'RESOLUTION NO. 5853
Item #14
May 14, 1998
AMENDMENT
THIS AMENDMENT, entered this 14th day of May , 1998,
by and between the CITY OF LUBBOCK, TEXAS (hereinafter called "City") and
LUBBOCK HOUSING FINANCE CORPORATION (herein after called "LHFC")
amends the May 13, 1993, "AGREEMENT BEWTEEN CITY OF LUBBOCK AND
HOUSING FINANCE CORPORATION" (hereinafter called the "Agreement") together
with all duly executed amendments to the Agreement.
WHEREAS, the City and LHFC entered into an Agreement, May 13, 1993, to
facilitate utilization of federal grant funds under the Home Ownership of Single Family
Homes (HOPE 3) program and to further the common goal of providing decent housing
at affordable prices for low-income and moderate income residents of the City of
Lubbock; and
WHEREAS, the Agreement was properly and duly amended on October 12, 1995;
and
WHEREAS, LHFC has duly authorized its executive director (hereinafter called
the "Director") to sign certain HOPE 3 documents; and
WHEREAS, it is necessary to amend the Agreement in order to facilitate the
Director's ability to sign said documents.
NOW THEREFORE, the City and LHFC amend the Agreement as follows:
Section III "General Conditions" part C is hereby amended to read as follows:
C. Hold Harmless
The City shall hold harmless, defend and indemnify the LHFC, its directors,
officers and employees, from all claims, actions, suits, charges and judgements
whatsoever that arise out of the City's performance or nonperformance of services
or subject matter called for in the Agreement.
II. This Amendment to the Agreement shall be effective upon execution. The
remainder of the Agreement shall remain in full force and effect except as
changed herein.
IN WITNESS WHEREOF, the parties have executed this Amendment to the
Agreement this 14th' day of May , 1998.
CITY OF LUBBOCK LUBBOCK HOUSING FINANCE
CORPORATION:
!WiYOR DENT
A ST:
44&u
ath' arnell, City Secretary
APPROVED AS O ONTENT:
DquyGoqdkan, Managing Director
of Health hrA Community Services
APPROVED AST RM:
AmyV. Sims, ssistant rITy
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