HomeMy WebLinkAbout1996-015J \WPDOCS\ORD\DAH ORD
ORDINANCE NO %9 —015—
AN ORDINANCE OF THE CITY OF DENTON, TEXAS, AUTHORIZING THE ACTING
CITY MANAGER TO EXECUTE AN ADDENDUM TO THE AGREEMENT BETWEEN THE
CITY OF DENTON AND THE DENTON AFFORDABLE HOUSING CORPORATION
RELATING TO INCREASING THE SUPPLY OF AFFORDABLE HOUSING IN THE CITY
OF DENTON, AUTHORIZING THE EXPENDITURE OF FUNDS THEREFOR, AND
PROVIDING AN EFFECTIVE DATE
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS
SECTION I That the Acting City Manager is hereby authorized
to execute an Addendum to the Agreement Between the City of Denton
and Denton Affordable Housing Corporation relating to increasing
the supply of affordable housing in the City of Denton, a copy of
which is attached hereto and incorporated by reference herein
SECTION II That this expenditure of funds as provided in the
Agreement is hereby authorized
SECTION III That this ordinance shall become
immediately upon its passage and approval
PASSED AND APPROVED thie
ATTEST
JENNIFER WALTERS, CITY SECRETAR
BY7 �
D
AP?OVED AS TO LEGAL FORM
HERBERT L PROUTY, CITY ATTORNEY
effective
a96
ADDENDUM TO AGREEMENT BETWEEN
THE CITY OF DENTON AND THE
DENTON AFFORDABLE HOUSING CORPORATION CONTRACT
THIS SUPPLEMENTAL AGREEMENT is made as of the L(�I�day of
1996, by and between DENTON AFFORDABLE HOUSING
C PORATIO (Contractor), a Texas not -for -profit corporation and
this- CITY dfjDENTON (City), a Texas municipal corporation
RECITALS:
By instrument dated August 1, 1995, the parties hereto or
their predecessors in interest (if any), entered into an agreement
(herein referred to as the "Basic Agreement"), to increase
affordable housing in the Denton area for period to end June 14,
2005.
The parties now desire to modify the Basic Agreement by
funding additional work and extending the period of the contract.
AGREEMENT:
NOW, THEREFORE, IT IS AGREED by and between the parties hereto
as follows:
1. Substitution of Attachment "B"
That "Revised Attachment B" attached hereto, shall be and
hereby is substituted for "Attachment B" to the Basic
Agreement, and from and after the effective date herein
whenever the term "Attachment B" is used in the Basic
Agreement, or any amendment or supplement thereto (if
any), such reference shall be deemed to refer to the
"Revised Attachment B" attached hereto.
2. Substitution of Termination Date
The Basic Agreement, or any amendment or supplement
thereto (if any) subsequent to this amendment shall
terminate on June 14, 2006.
3. Supplemental Agreement
This agreement is supplemental to the Basic Agreement, as
herein amended, and nothing herein contained shall be
construed as amending or modifying the same except as
herein specifically provided.
HERBERT L. PROUTY,
IN WITNESS WHEREOF this
executed on this the Z;�7 day
S lemental Agreement has been
of� 1996.
CITY OF DENTON
BY:
RICK SVEHLA, ACTING CITY MANAGER
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
LEGAL FORM:
CITY ATTORNEY
Bi
ATTEST:
n
E CUTOR RECTOR
J \WPDOCS\K\HOUSAMEN CON
DENTON AFFORDABLE HOUSING CORPORA-
TION
BY: �� �/✓ L� v
OARD PRESIDENT
PAGE 2
REVISED
ATTACHMENT"B"
Administration Budget
Salaries, FICA, Workers Compensation, Retirement and Health Insurance $ 28,000
Rent and Utilities $ 12,500
Telephone $ 3,400
Office Supplies and Postage $ 1,600
Total $ 45,500
Project/Program Budget
All projects or programs must receive approval from the City of Denton prior to expenditure of
funds All expenditures must be eligible under 24 CFR 92, HOME program regulations
$104,500