HomeMy WebLinkAbout2013-066 Housing for New Hope - Home Investment Partnership Program $50,000 .ZD /.?, p G L
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NORTH CAROLINA
ORANGE COUNTY
AMENDMENT TO DEVELOPMENT AGRE�E,MENT
THIS AMENDMENT, made and entered into this the °� day of January, 2013 by and
between ORANGE COUNTY, a general local governmental unit of the State of North Carolina,
(hereinafter referred to as the "County") and HOUSING FOR NEW HOPE, INC, a North
Carolina non-profit housing organization (hereinafter referred to as "Provider") (both
collectively referred to as the"Parties").
WITNESSTH
WHEREAS, the County and Provider entered into a "Development Agreement'
("Original Agreement'), dated April 13, 2010 in which the County on behalf of the Orange
County HOME Consortium designated FY 2009 HOME funds to Owner to provide tenant-based
rental assistance to homeless individuals and families transitioning to permanent housing in
Orange County; and
WHEREAS, the Orange County HOME Consortium has designated approximately
$50,000 in FY 2012 HOME funds to provide tenant-based rental assistance to homeless
individuals and families transitioning to permanent housing in Orange County; and
WHEREAS, the County and Provider desire to amend the Original Agreement, while
keeping in effect all terms and conditions of the Original Agreement not inconsistent with the
terms and conditions set forth below.
NOW THEREFORE, for and in consideration of the mutual covenants and agreements
made herein, the Parties agree to amend the following sections of the Original Agreement as
follows:
1. In Section II. Amount of HOME Funds/Form of Subsidy amend as follows:
The County shall make available to the Provider up to One Hundred Thousand
Dollars ($100,000) pursuant to this Agreement. Said funds shall be disbursed by the
County to the Provider for performance of services described in Exhibit B. Home
Program subsidy will be provided as a grant to each identified family as a fixed
subsidy by payment to the landlord or utility company.
2. Exhibit B: Project Budget shall be amended to add funding for FY 2011-12 and FY
2012-13 as follows:
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FY 2011 —2012
FY 2012—2013
. EXPENSES
-Rental Assistance $ 35,000
-Rental Deposits $ 10,000
Utility Deposits $ 5,000
TOTAL $50,000
3. Exhibit B: Project Budget shall be amended to change"Source of Funds" as follows"
Orange County HOME Consortium $100,000
Except for the changes made in Section 11 and Exhibit B herein, the Original Agreement shall
remain in fall force and effect to the extent it is not inconsistent with this Amendment. In the
event that there is a conflict between the Original Agreement and this Amendment, this
Amendment shall control.
IN WITNESS WHEREOF, the parties hereto, intending to be legally bound, have set their hands
and seals on the day and year first above written.
[SIGNATURE PAGE TO FOLLOW]
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SIGNATURE PAGE
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COUNTY OF ORANGE,NORTH CAROLINA
52
(SE L 1=
11,16 6
co Frank V—61 n Jr. o y Manager
ATTEST: wb,777��
Donn Baker
Clerk to the Board of Commissioners
7 App ved as form and legality
AnnWe Moo , Staff At orney
This document has been pre-audited in accordance with the N.C. Local Government and Fiscal
Control Act.
Clarence G. Grier,Asst. County Manager/CFO
Housing for New Hope,Inc.
(SEAL) r �
President
1
ATTEST:
Secretary
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