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HomeMy WebLinkAboutPR 18540: AMENDMENT NO. 1 (NSP) INTEROFFICE MEMORANDUM HOUSING AND NEIGHBORHOOD REVITALIZATION To: John A. Comeaux, P.E., Interim City Manager From: Beverly A. Freeman, Acting Director of Housing & Neighborhood Revitalization Date: September 8, 2014 Re: P.R. 18540 RECOMMENDATION: The Housing Division recommends the City Council adopt P.R. 18540, authorizing the City Manager to execute Amendment No. 1 to the Neighborhood Stabilization Program, (NSP) Program Income Reservation System Participation between Texas Department of Housing and Community Affairs Contract Number 7709003154 to extend the termination date to August 31, 2015. BACKGROUND: Pursuant to Resolution 09-457, the City of Port Arthur entered into a contract with Texas Department of Housing and Community Affairs, (TDHCA) to implement the Neighborhood Revitalization Program. Amendment No. 1 extending the termination date to August 31, 2015, of the PI Reservation System Participation Agreement will give the City have more time to receive reimbursement for the properties that have closed into an eligible homebuyer, funds to reimburse closing costs and similar expenses for the remaining homebuyers will be available. BUDGETARY/FISCAL EFFECT: Texas NSP funds account numbers 129-1435-554.59-00 projects NSP001, NSP004, NSP005, NSP006 and NSP007 will be amended. STAFFING/EMPLOYEE EFFECT: Housing Administration staff will be responsible for administering the contract. SUMMARY: The Housing Division recommends the City Council adopt P.R. 18540, authorizing the City Manager to execute Amendment No. 1 to the Neighborhood Stabilization Program, (NSP) Program Income Reservation System Participation between Texas Department of Housing and Community Affairs Contract Number 77090003154 to extend the termination date to August 31, 2015. P. R. 18540 09/08/14 BAF/DF HOUSING RESOLUTION NUMBER A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE AMENDMENT NO. 1 OF THE NEIGHBORHOOD STABILIZATION PROGRAM, (NSP) PROGRAM ONE (NSP-I) PROGRAM INCOME RESERVATION SYSTEM PARTICIPATION AGREEMENT NO. 77090003154 TO EXTEND THE TERMINATION DATE TO AUGUST 31, 2015. WHEREAS, pursuant to Resolution 13-542, the City of Port Arthur entered into a contract with Texas Department of Housing and Community Affairs, (TDHCA) to implement the Neighborhood Revitalization Program I (NSP-I) Program Income Reservation System Participation Agreement; and WHEREAS, the PI Reservation System Participation Agreement supported the continuation of the activities started with NSP-I contract No. 77090003154; and WHEREAS, the amendment is being provided in order that the contract No. 77090003154 continues to be active beyond the current August 31, 2014 termination date; and WHEREAS, the amended written agreement is attached hereto in substantially the same form as Exhibit "A". NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PORT ARTHUR: Section 1. That the facts and opinions in the preamble are true and correct. Section 2. That City Council authorizes the City Manager to execute amendment No. 1 of the Program Income Reservation System Agreement NSP-I contract No. 77090003154 to extend the termination date to August 31, 2015 to support the continuation of the activities as attached hereto as Exhibit "A" in substantially the same form. Section 3. THAT a copy of the caption of this Resolution be spread upon the minutes of the City Council. READ, ADOPTED AND APPROVED this day of September A.D., 2014 at a Regular Meeting of the City Council of the City of Port Arthur, Texas by the following vote: AYES: MAYOR COUNCILMEMBERS NOES: MAYOR ATTEST: APPROVED FOR AVAILABILITY OF FUNDS: �rY0)-Alms SHERRI BELLARD, CITY SECRETARY DEBORAH ECHOLS, FINANCE DIRECTOR APPROVED FOR FORM: VALECIA TIZE ATTORNEY APPROVED FOR ADMINISTRATION: JOHN A. COMEAUX, P.E., INTERIM CITY MANAGER &J....! A, I I �y BEVERLY A. •EEMAN, ACTING DI' ECTOR OF HOUSING & EIGHBORHOOD REVITALIZATION ATTACHMENT "A" 1 r:i TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS s va.trlhca..tate.t.>cur BOARD MEMBERS J.Paul Oxer,(hear Rick Perry Juan S.Munoz,PhD, Vice Chair GOVERNOR ,Leslie Bingham-Escareno Tom H.Gann J.Mark McWatters Robert D.Thomas August 20, 2014 Writer's direct phone#512-475-1762 Email:brooke.boston @tdhca.state.ix.us John A. Comeaux,P.E. Interim City Manager City of Port Arthur 444 Fourth Street, Suite 203 Port Arthur, Texas 77640 RE: TEXAS NEIGHBORHOOD STABILIZATION PROGRAM NSP PI CONTRACT No.77090003154,AMENDMENT NO. ONE Dear Mr. Comeaux: The enclosed Amendment to NSP1-Program Income Reservation System Agreement Contract No. 77090003154 is provided in order that the contract continues to be active beyond the current August 31, 2014 termination date. For properties that have closed into an eligible homebuyer, funds to reimburse closing costs and similar expenses for the remaining homebuyers will be available under your NSP1-Program Income Reservation System Agreement. For those properties, we will need an itemized listing of expenses in order to prepare a Project Commitment Contract. Please execute the enclosed Amendment, scan and email to Sue Nance at sue.nance @tdhca.state.tx.us. NSP staff will update our records when the fully-executed Amendment is received, so that pending transactions may be completed without interruption. Please contact the appropriate NSP staff member if you should have any questions or require further information. Sincerely, Brooke Bos n Deputy Executive Director 221 East 11th Street P.O.Box 13941 Austin,Texas 78711-3941 (800) 525-0657 (512) 475-3800 ,2, . J Texas Neighborhood Stabilization Program August 20,2014 Page 2 Please note that extensions of the NSP1 Contract No 77090000154 will not be available. Any activities that have not reached closing of the homebuyer purchase by August 31, 2019 will be considered ineligible, and any associated costs will be disallowed. Therefore, it is imperative that you are able to complete the remaining homebuyer transactions and we are eager to assist you in any way we can. The Texas NSP staff is available to provide technical assistance to support your successful completion of the NSP1 activities. Please contact Sue Nance at sue.nance @tdhca.state.tx.us or (512) 936-7741 directly if training or support is needed. Sincerely, Brooke Boston Deputy Executive Director TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS NEIGHBORHOOD STABILIZATION PROGRAM ONE PROGRAM INCOME("NSP1-PP") RESERVATION SYSTEM PARTICIPATION AGREEMENT AGREEMENT#77090003154 WITH CITY OF PORT ARTHUR, AMENDMENT NO. l ("First Amendment") This AMENDMENT NO. 1 ("First Amendment")by and between TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS,a public and official agency of the State of Texas( "Department")and CITY OF PORT ARTHUR("Subgrantee"),hereinafter collectively referred to as"Parties", is executed by the Parties to be effective as of August 31,2014. RECITALS The Parties do hereby agree to amend the NSPI-PI Reservation System Participation Agreement No. 77090003154("RSP Agreement"),executed by the Parties to be effective on November 14, 2013. AGREEMENTS Under the authority described in Article 5 of the RSP Agreement,and Title 10,Chapter 20 of the Texas Administrative Code,and for valuable consideration,the receipt and sufficiency which are hereby acknowledged,the Parties hereby agree as follows: 1. Section 2.1,Term,of Article 2,RESERVATION SYSTEM PARTICIPATION,of the RSP Agreement is hereby amended to read as follows: "This RSP Agreement shall be effective on the latter date this RSP Agreement is executed by the Subgrantee and an authorized representative of the Department and shall terminate on August 31, 2015 (the "Term"), unless earlier terminated or amended in accordance with the provisions herein." 2. Except as amended hereby,the terms of the RSP Agreement as amended by this First Amendment, shall remain in effect as therein set forth and will continue to govern except to the extent that said terms conflict with the terms of this First Amendment,and the Subgrantee hereby acknowledges and reaffirms its liability there under. In the event of an inconsistency between this First Amendment and the terms of the RSP Agreement,this First Amendment shall govern. 3. This First Amendment may be executed in several counterparts, each of which shall be deemed to be an original copy, and all of which together shall constitute one agreement binding on all Parties hereto, notwithstanding that all the Parties shall not have signed the same counterpart. 4. If either of the Parties returns this copy by facsimile machine or electronic transmission, the signing party intends the copy of its authorized signature printed by the receiving machine or electronic transmission to be its original signature. 5. By signing this First Amendment,the Parties hereto expressly understand and agree that this First Amendment shall become a part of the RSP Agreement as though it were set forth word for word therein. WITNESS OUR HANDS TO BE EFFECTIVE ON AUGUST 31,2014: SUBGRANTEE: CITY OF PORT ARTHUR,a political subdivision of the State of Texas By: Name: John A. Comeaux,P.E. Title: Interim City Manager Date: THIS FIRST AMENDMENT IS NOT EFFECTIVE UNLESS SIGNED BY THE EXECUTIVE DIRECTOR OF THE TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS,OR HIS/HER AUTHORIZED DESIGNEE. APPROVED AND ACCEPTED ON BEHALF OF: DEPARTMENT: TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS,a public and official agency of the State of Texas By: i Name: t ii;. Its: Duly authorized officer or representative Date: j �ci�lU