HomeMy WebLinkAboutFirst Addendum to Agreement - 466 Works Community Development Corp - Bldg of 5 New HomesFIRST ADDENDUM TO
AGREEMENT FOR PROGRAMS AND SERVICES WITH
466 WORKS COMMUNITY DEVELOPMENT CORPORATION
(PILOT HOUSING SUBSIDY PROGRAM)
THIS FIRST ADD I�DUM (this "Addendum") is made and entered into this � day
of , 20 �, by and between the CITY OF SOUTH BEND, INDIANA, a
mumcipa�c,rp�oration organized and operating under the laws of the State of Indiana, acting by
and through its Board of Public Works (the "City"), and 466 WORKS COMMUNITY
DEVELOPMENT CORPORATION (the "Organization").
RECITALS
WHEREAS, the City and the Organization have entered into an agreement entitled
"Agreement for Program and Services With 466 Works Community Development Corporation"
dated December 20 2018,), providing for the Pilot Housing Subsidy Program (the "Program"); and
WHEREAS, the parties desire to amend and extend the Agreement by this Addendum;
and
WHEREAS, the Organization further represents that it has taken all corporate action
necessary to enter into this Addendum; and
WHEREAS, the City believes that the actions contemplated by this Addendum are in the
best interests of the health, safety and welfare of the City and its residents and that those actions
comply with the public purposes and applicable provisions of state and local law.
NOW THEREFORE, the parties mutually agree as follows:
1. Section 3 (Compensation for Program) of the Agreement is modified to read in its
entirety as follows:
The Organization shall be compensated up to Ninety -Nine Thousand Eight Hundred
Seventy Five ($99,875.00) per residential structure built, with a total reimbursement not to
exceed the Contract Amount. The Organization shall provide that person designated as the
Contract Administrator by the City with a reimbursement request including all
documentation reasonably requested by the Contract Administrator, which shall include
but not be limited to a certificate of occupancy for the structure and a statement that the
funds were used exclusively in furtherance of the Program, as set for the in this Agreement.
The final request for reimbursement shall be received by the Contract Administrator no
later than October 31, 2021. All funds unencumbered for the Program at the expiration of
this Agreement shall be returned to the City.
2. Exhibit A to the Agreement is hereby amended and replaced with Exhibit.A to this
Addendum.
3. The parties agree that all other terms and conditions as set forth in the Agreement
shall remain in full force and effect.
(Remainder of page intentionally left blank)
IN WITNESS WHEREOF, the Parties hereto have caused this Addendum to be executed
as of the day and year first above written.
CITY OF SOUTH BEND, INDIANA, 466 WORKS COMMUNITY
by and through its Board of Public Works DEVELOPMENT CORPORATION
It
Gary A. Gilot, President
Genevieve Miller, Member
Attest:
inda Martin, Clerk I'661V19
EXHIBIT A
Program Description
Pilot Housing Subsidy Program
During the term of this Agreement, the Organization will establish a program in
conjunction with the City's Department of Community Investment, to promote, build,
market and assist homebuyers in the purchase of new housing within targeted areas. The
pilot program will be designed to encourage public/private housing investment in a
specified and targeted geography on vacant parcels based on development plans that align
with the neighborhood and City objectives.
The program goals are to:
(1) Develop vacant City -owned and Organization -owned lots
(2) Offer the opportunity to improve and maintain the character and value of the property
and surrounding neighborhood
(3) Offer financial support in the form of gap financing for the construction of new single
family and/or duplex residential structures
(4) Support the opportunity for individuals and families to live in safe and affordable
housing.
The program shall require:
(1) A maximum of one subsidy per residential structure
(2) The per structure construction subsidy shall not exceed Ninety -Nine
Thousand Eight Hundred Seventy Five Dollars ($99,875.00).
(3) Property must be owner -occupied single family or owner -occupied duplex
residential structures
(4) Development is to occur first on land owned by 466 Works and approved
by City.
(5) The parcels approved by the City include one (1) property the City will
convey, for no fee to 466 Works. Parcel # 018-7042-1677. This parcel
and the following parcels owned by 466 Works will be re -platted by 466
Works for four (4) residential structures:
018-7042-1675 018-7042-1674
018-7042-1676 018-7042-1673
018-7042-1675.01
(6) The fifth residential structure will be built on Parcel # 018-7042-0963
owned by 466 Works.
(7) Design of residential structure to be approved by the City
BOARD OF PUBLIC WORKS
AGENDA ITEM REVIEW REQUEST FORM
Date May 7y,2019............................................... _
Name Pam Mever _ Department DCI
BPW t Ma 4 2019 PhExtension 5845
9 �A µl, � my='HA«y �AA w �one ��IN�HIMMEHIaMMUffil MENNOMP,
uired. Prior to Submittal to Board
BPW Attorney [ Attorney Name Clara McDaniels
Dept. Attorney [v]� Attorney Naive Sandra Kennedy
Purchasing
...n ....
[v]� Michael Schmidt
Check the At)Dropr late Item d Vpe — l ec}uir ed
ProfessionalAgreement CContract
Open aac
[Amendment/Addendum
0 Bid Opening
❑ Bid Award
Quote Opening
E] Quote Award
Proposal Opening
❑ C/O & PCA No.
❑ Chg. Order, No.
Traffic Control
Other:
Company or Vendor Name
New Vendor
MBE/WBE Contractor
Project Name
Project Number
Funding Source
Account No.
Amount
Terms of Contract
Purpose/Description
Information
All Submissions
H Proposal
[- Special Purchase, QPA
Req. to Advertise
❑ Reject Bids/Quotes
PCA
Resolution
Ease./Encroach
....
❑466 Works Comm uPD�vcYi.u..ent C
�aporation
Yes ❑If Yes' Approved b Purchasing
R No
For C'haulge OrdersOnly
Amount of ❑I Increase
❑ Decrease ($
Previous Amount $
Current Percent of Change
New Amount
Total Percent of Change:
Time Extension Amount:.
New Completion Date:
Increase %
Decrease ( %
Increase %
Decrease (..w %
❑ Title Sheet