HomeMy WebLinkAboutContract 45042-A1 CITY SECRETARY
FIRST AMENDMENT TO CITY SECRETARY CONTRACT NO. 45042
WHEREAS, on October 25, 2013 the City of Fort Worth ("City") and Fort Worth
Housing Finance Corporation ("Developer") made and entered into City Secretary
Contract No. 45042 (the "Contract) as authorized by the City Council in M&C's C-23887
adopted on November 3, 2009; and C-24444 adopted on September 14, 2010;
WHEREAS, the funding provided to Developer in the Contract was from a grant
received by the City from the United States Department of Housing and Urban
Development ("HUD") through the HOME Investment Partnership Program, Catalog of
Federal Domestic Assistance No. 14.239 ("HOME funds");
WHEREAS, the purpose of the Contract was to provide $988,870.00 in the form
of a forgivable deferred payment loan of HOME Funds for acquisition of lots and
construction of up to 10 single family houses in the Terrell Heights Neighborhood that will
be available for sale to low and moderate income homebuyers;
WHEREAS, the Developer has requested an amendment to the Completion
Deadline and dates listed on Exhibit"C" -Construction and Reimbursement Schedule
due to construction delays; and
WHEREAS, it is the mutual desire of City and Developer to amend the Contract to
meet Contract objectives.
NOW, THEREFORE, City and Developer hereby agree to amend the Contract as
follows:
I.
Completion Deadline means October 25, 2017
Exhibit "C"—Construction and Reimbursement Schedule attached to the
Contract is hereby replaced with the attached Exhibit "C"—Construction and
Reimbursement Schedule Revised 01/2016.
11•
This Amendment is effective as of the Effective Date of the ContractIt#-
All
III.terms and conditions of the Contract not amended herein remain unaffected and
in full force and effect, are binding on the Parties, and are hereby ratified by the Parties.
Capitalized terms not defined herein shall have meanings assigned to them in the Contract.
[REMAINDER OF PAGE LEFT INTENTIONALLY BLANK]
HOME DEVELOPER CONTRACT CSC No.45042-A1 Page 1
Fort Worth Housing Finance Corporation—Terrell Heights Rev.01/16
ACCEPTED AND AGREED:
ATTEST.-0 � �iTY OF FORT WORTH
ity Secr ando Costa,Assistant City Manager
M&C C-23887
Date: November 3,2009 � a
M&C C-24444
Date: September 14, 2010 .-� RAS
ROVED AS TO FORM AND LEGALITY:
Vicki S.Canske, Senior Assistant City Attorney
DEVELOPER:
FORT WORTH HOUSING FINANCE
CORPORATION, a Texas housing fin
corporation
By: /
Aubrey-Tldgard, Assistant
General Manager
Date: 3
OFFICIAL RECORD
CITY SECRETARY
Mr. WORTH,TX
HOME DEVELOPER CONTRACT CSC No.45042-A1 Page 2
Fort Worth Housing Finance Corporation—Terrell Heights Rev. 01/16
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City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION: Approved on 9/14/2010
DATE: Tuesday,September 14,2010 REFERENCE NO.: C-24444
LOG
��NAME: 17HFC TERRELLHTINFILLADDITIONALFUNDS
SUBJECT
k .:
Authorize the Transfer of an Additional$488,870.00 of HOME Investment Partnerships Program Grant Funds
to the Fort Worth Housing Finance Corporation for the Development of Single Family Homes in the Terrell
Heights Neighborhood for a Total Not to Exceed$988,870.00(COUNCIL DISTRICT 8)
RECOMMENDATION:
ENDATION:
It is recommended that the City Council authorize the transfer of an additional$488,870.00 of HOME
Investment Partnerships Program Grant Funds to the Fort Worth Housing Finance Corporation to be used for
targeted infill housing in the Terrell Heights neighborhood.
DISCUSSION:
The United States Department of Housing and Urban Development(HUD)approved the City's 2009-2010
Action Plan which allocated$500,000.00 of its HOME Investment Partnerships Program Grant funds for
targeted infill housing in the Terrell Heights neighborhood.On November 3,2009, the City Council
approved a contract with the Fort Worth Housing Finance Corporation(FWHFC)for construction of single
family infill houses in Terrell Heights and the transfer of the HOME funds(M&C C-23887).The FWHFC
Board approved a resolution to enter into a contract with the City and to accept the$500,000.00 in City
HOME funds on November 3,2009(Resolution No.FWHFC-2009-12).The Terrell Heights neighborhood
is located in southeast Fort Worth bounded by Rosedale on the south,Interstate Highway 35 on the west and
Hattie Street on the north.
The City has allocated an additional$488,870.00 of HOME funds in its 2010-2011 Annual Action Plan for a
total of$988,870.00 for the project.The FWHFC Board approved a resolution accepting the addtional
HOME funds for the project on June 8,2010(Resolution No.FWHFC-2010-09).
Staff recommends that the contract with the FWHFC be for an amount not to exceed$988,870.00 of the
City's HOME funds.It is estimated that the project will produce 11 single family houses to be sold to
HOME—eligible buyers.The FWHFC will issue a Request for Proposal(RFP)for the construction or
rehabilitation of the houses.This project will conform to the City's Minority and Women Business Enterprise
(M/WBE)ordinance.
In accordance with the HOME regulations,24 CFR Part 92 et seq.,the purpose of this project is to benefit
low and very—low income citizens by providing them with affordable housing.This expenditure of HOME
funds is conditioned upon satisfactory completion of the environmental review per 24 CFR Part 58 and the
authorization to use grant funds from HUD.
The project is located in COUNCIL DISTRICT 8.
FISCAL INFORMATION:
The Financial Management Services Director certifies that funds are available in the current operating
budget,as appropriated,of the Grants Fund.
HIND CENTERS:
TO Fund/Account/Centers FROM Fund/Account/Centers
21 R109 451727 005109005117 1488.870.00 GR76 539120 017206461060 $488.870.00
CERTIFICATIONS:
Submitted for City Manag rr''� ffl by: Thomas Higgins (6140)
,Originating Doartment Head: Jay Chapa (6192)
Additional Information Contact: Cynthia Garcia (8187)
Fabiola Suarez (6811)
ATTACHMENTS
1.GR76 5zzzzz 017206461060`c
2.Terrell Heights Neighborhood.JPG
City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION: Approved on 11/3/2009
DATE: Tuesday,November 03,2009 REFERENCE NO.: C-23887
LOG NAME: 17HFC TERRELLHTINFILL
SUBJECT:
Authorize the Transfer of$500,000.00 of HOME Investment Partnership Grant Funds to the Fort Worth
Housing Finance Corporation for Infill Housing in the Terrell Heights Neighborhood and Authorize the
Execution of a Contract
RECOMMENDATION:
It is recommended that the City Council:
1.Authorize the transfer of funds in an amount not to exceed$500,000.00 from HOME Investment
Partnership Grant Funds to the Fort Worth Housing Finance Corporation to be used for targeted infill housing
in the Terrell Heights neighborhood;
2.Authorize the City Manager,or his designee,to execute a contract with the Fort Worth Housing Finance
Corporation for the project with a two year term beginning on the date of execution of the contract;
3.Authorize the City Manager,or his designee,to extend or renew the contract for up to one year if the Fort
Worth Housing Finance Corporation request an extension and such extension is necessary for completion of
the project;and
4.Authorize the City Manager,or his designee,to amend the contract if necessary to achieve project goals
provided that the amendment is within the scope of the project and in compliance with all applicable laws
and regulations governing the use of federal grant funds.
DISCUSSION:
In the City's 2009-2010 Annual Action Plan submitted to the United States Department of Housing and
Urban Development(HUD),the City proposed the allocation of$500,000.00 of its HOME Investment
Partnership(HOME)Grant funds for targeted infill housing in the Terrell Heights neighborhood located in
southeast Fort Worth bounded by Rosedale on the south,Interstate Highway 35 on the west and Hattie Street
on the north.HUD approved the allocation of HOME funds for this project.The entire area has an historic
overlay and is adjacent to the Evans and Rosedale Urban Village.Due to the large number of vacant lots,
proximity to Downtown and location in a Neighborhood Empowerment Zone(NEZ),staff has targeted this
neighborhood for the construction or reconstruction of single—family,quality,accessible,affordable housing.
Staff recommends executing a contract with the Fort Worth Housing Finance Corporation(FWHFC)to use
up to$500,000.00 in the City's HOME funds for the acquisition of lots and improved properties for the
construction or reconstruction of up to five houses.The FWHFC will issue a Request for Proposal(RFP)for
the construction or reconstruction of the houses.This project will conform to the City's Minority and Women
Business Enterprise(M/WBE)ordinance.
In accordance with the HOME regulations,24 CFR Part 92 et seq.,the purpose of this project is to benefit
low and very—low income citizens by providing them with affordable housing.This expenditure of HOME
funds is conditioned upon satisfactory completion of the environmental review per 24 CFR Part 58 and the
authorization to use grant funds from HUD.
The project is located in COUNCIL DISTRICT 8.
FISCAL INFORMATION:
The Financial Management Services Director certifies that funds are available in the current capital budget,
as appropriated,of the Grants Fund.
FUND CENTER:
TO Fun /Acccoynt/ nterc FROM Fund/Account/Centers
2)R109 476076 005109005117 $500.000.00 GR76 538040 017206351060 $500.000A0
R109 539120 005109005117 $500.000.00
CERTIFICATIONS:
Submitted for City Manager's Office bv: Thomas Higgins (6140)
Originating De r wentHead: Jay Chapa (6192)
Cynthia Garcia (8187)
Additional Information Contact: Janay Tieken (7550)
ATTACHMENTS
1.accounting email.pdf
2.Available.Funds.PDF
3.Terrell Heights NeighborhoodIP