HomeMy WebLinkAbout2018-662-E Housing - CHT bond development agreement amendment1
AMENDMENT TO AFFORDABLE HOUSING BOND DEVELOPMENT AGREEMENT
This Amendment entered into this the 2nd day of April, 2018 amends the Development
Agreement, made and entered into on January 4, 2013, between Orange County, a body politic
and corporate, a political subdivision of the State of North Carolina, (hereinafter referred to as
the “County”) and Community Home Trust, Inc., a North Carolina non-profit corporation
designated as and hereinafter referred to as “CHT,” and the amendment to that Agreement
entered into on June 23, 2016.
WITNESSETH:
NOW THEREFORE, for and in consideration for the mutual covenants and agreements made
herein, the parties agree to amend to add to Exhibit A of the Original Agreement, dated January
4, 2013, as follows:
Exhibit A
Scope of Services
Up to Sixty Thousand ($60,000) Dollars of the Project Budget may be reallocated to provide
grant funding for repairs to the heating, ventilation and air conditioning (HVAC) sytems at
eligible CHT Properties and to assist in the rehabilitation of low income residential housing
acquired by CHT in the community designated as “Northside” in Chapel Hill, North Carolina.
Except for the amendment to Attachment A, the Original Agreement shall remain in full 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, Orange County and the Provider have signed this Amendment,
effective as of the day first written above.
ORANGE COUNTY COMMUNITY HOME TRUST
By: ___________________________ By: _________________________
Bonnie Hammersley, County Manager Robert Dowling, Executive Director
This instrument has been pre-audited in the manner required by the Local Government Budget
and Fiscal Control Act.
______________________________________
Gary Donaldson, Chief Financial Officer
Approved as to form and legality
____________________________
Annette Moore, Staff Attorney
DocuSign Envelope ID: 7669AFA2-31D8-45CE-BF2F-F01880FD4AE0