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HomeMy WebLinkAbout6.I.(2) Extension Addendum Facade Matching Grant Program (Portage)1 (z~ ~• EXTENSION ADDENDUM TO AGREEMENT FOR PROGRAMS AND SERVICES WITH NEAR NORTHWEST NEIGHBORHOOD, INC. (FACADE MATCHING GRANT PROGRAM) (PORTAGE AVENUE) THIS EXTENSION ADDENDUM (this "Addendum") is made and entered into this _ day of ?008, by and between the CITY OF SOUTH BEND, INDIANA, a municipal corporation organized and operating under the laws of the State of Indiana, acting by and through the South Bend Redevelopment Commission, the governing body of the City's Department of Redevelopment (collectively the "City") and NEAR NORTHWEST NEIGHBORHOOD, INC. (the "Organization"). RECITALS WHERF,AS, the City and the Organization have entered into an agreement entitled ".Agreement I~or Programs And Services With Near Northwest Neighborhood, Inc. (Fa~adc Matching Grant Program)(Portage Avenue)" dated the 17`~ day of August, 2007, and amended by addendum (collectively the "Agreement") providing for the Facade Matching Grant Program (the "Program"): and WHEREAS, the Agreement recognizes that the City's commercial corridors act as gatcwavs to the City and that impr:~~~ ing the aesthetic appeal of the City's commercial corridors will encourage not only additional investment in the City's commercial corridors but in their surrounding neighborhoods and in the City more gencrall~~; c~.;~l WHEREAS, the Organization continues to have expertise and resources to provide for, oversee and administer the Program; aad WHEREAS, the City is empowered under Indiana Code § 36-7-14-12.2(a)(26)(B) to enter into the Agreement and this Addendum; and WHEREAS, pursuant to the Agreement, the Commission allocated for the Program, under the terms of the Agreement, certain sums (the "Contract Amount") as a portion of the share allocated to the Corridor; and WHEREAS, a portion of the Contract Amount was not spent during the term of the Agreement and remains reserved for Program uses; 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 nccessarv to eater 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 iaw. NOW THEREFORE, the parties mutually agree as follows: 1. Section 1 (Contract Amount and Term) of the Agreement between the parties is modified to read in its entirety as follows: The Organization shall provide the programs and services set forth at Exhibit A (the "Program") on behalf of the City, for the Contract Amount for the period commencing January I, 2007 and ending December 31, 2009. The approved schedule for the Program is set forth at Exhibit B. The Organization shall submit quarterly reports to the Contract Administrator on March 31, June 30, September 30 and December 31 of each year this Agreement is in effect showing the progress of the Program, including a summary of all transactions detailing each recipient by name, address, amount of funds attributable to the Contract Amount used, the amount of private investment in the Corridor, the project commencement date and the project completion date. (Re~nainc~er of page intentionally left blank) IN WITNESS WHEREOF, the Parties hereto have caused this Extension Addendum to be executed as of the day and year first above written. CITY OF SOUTH BEND, INDIANA, NEAR NORTHWEST DEPARTMENT OF REDEVELOPMENT NEIGHBORHOOD, INC. Date: , ?008 Date: ~~~'~~ ~-~ , 2008 ~Cl~t.i;'l L L 'rgnature ~ignan~re II ~~ /~~11 rime ~ ~ame am it e rime , game an it e South Bend Redevelopment Commission 'rrnle, .-mnc an it e f ante Fame anc u e South Bend Redevelopment Commission