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2018-662-E Housing - CHT bond development agreement amendment
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2018-662-E Housing - CHT bond development agreement amendment
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Last modified
3/7/2019 4:10:36 PM
Creation date
10/4/2018 9:04:55 AM
Metadata
Fields
Template:
Contract
Date
4/2/2018
Contract Starting Date
1/4/2013
Contract Document Type
Contract Amendment
Agenda Item
12/12/17
Amount
$60,000.00
Document Relationships
2018-367 Housing - Community Home Trust Grant Agreement
(Attachment)
Path:
\Board of County Commissioners\Contracts and Agreements\General Contracts and Agreements\2010's\2018
Agenda - 12-12-2017 - 6-b - Amendment to Community Home Trust’s Affordable Housing Bond Development Agreement
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2010's\2017\Agenda - 12-12-2017 - Regular Mtg.
R 2018-662 Housing - CHT bond development agreement amendment
(Attachment)
Path:
\Board of County Commissioners\Contracts and Agreements\Contract Routing Sheets\Routing Sheets\2018
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1 <br /> <br />AMENDMENT TO AFFORDABLE HOUSING BOND DEVELOPMENT AGREEMENT <br /> <br /> This Amendment entered into this the 2nd day of April, 2018 amends the Development <br />Agreement, made and entered into on January 4, 2013, between Orange County, a body politic <br />and corporate, a political subdivision of the State of North Carolina, (hereinafter referred to as <br />the “County”) and Community Home Trust, Inc., a North Carolina non-profit corporation <br />designated as and hereinafter referred to as “CHT,” and the amendment to that Agreement <br />entered into on June 23, 2016. <br /> <br />WITNESSETH: <br /> <br />NOW THEREFORE, for and in consideration for the mutual covenants and agreements made <br />herein, the parties agree to amend to add to Exhibit A of the Original Agreement, dated January <br />4, 2013, as follows: <br />Exhibit A <br />Scope of Services <br /> <br />Up to Sixty Thousand ($60,000) Dollars of the Project Budget may be reallocated to provide <br />grant funding for repairs to the heating, ventilation and air conditioning (HVAC) sytems at <br />eligible CHT Properties and to assist in the rehabilitation of low income residential housing <br />acquired by CHT in the community designated as “Northside” in Chapel Hill, North Carolina. <br /> <br />Except for the amendment to Attachment A, the Original Agreement shall remain in full force <br />and effect to the extent it is not inconsistent with this Amendment. In the event that there is a <br />conflict between the Original Agreement and this Amendment, this Amendment shall control. <br /> <br />IN WITNESS WHEREOF, Orange County and the Provider have signed this Amendment, <br />effective as of the day first written above. <br /> <br />ORANGE COUNTY COMMUNITY HOME TRUST <br /> <br /> <br />By: ___________________________ By: _________________________ <br /> Bonnie Hammersley, County Manager Robert Dowling, Executive Director <br /> <br />This instrument has been pre-audited in the manner required by the Local Government Budget <br />and Fiscal Control Act. <br /> <br />______________________________________ <br />Gary Donaldson, Chief Financial Officer <br /> <br />Approved as to form and legality <br /> <br />____________________________ <br />Annette Moore, Staff Attorney <br />DocuSign Envelope ID: 7669AFA2-31D8-45CE-BF2F-F01880FD4AE0
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