1996-015J \WPDOCS\ORD\DA~ ORD
ORDINMCE NO
M ORDINMCE OF THE CITY OF DENTON, TE~S, AUTHORIZING THE ACTING
CITY MANAGER TO EXECUTE M ~DEND~ TO THE AGREEMENT BETWEEN THE
CITY OF DENTON MD THE DENTON AFFORDABLE HOUSING CORPO~TION
RELATING TO INCREASING THE SUPPLY OF AFFORD~LE HOUSING IN THE CITY
OF DENTON, AUTHORIZING THE EXPENDITURE OF F~DS THEREFOR, MD
PROVIDING~ EFFECTIVE DATE
THE CO~CIL OF THE CITY OF DENTON HEREBY ORDAINS
SECTION I That the Acting City Manager is hereby authorized
to execute an Addendum to the ~reement Between the Czty of Denton
and Denton Affordable Housing Corporation relatzng to zncreas~ng
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 zn the
~reement is hereby authorized
SECTION III That th~s ordinance shall become effectzve
lmmedzately upon its passage and approval
PASSED MD APPROVED this the /~day of ~ , 1996
B~B CASTLEBERRY, ~~ ~
ATTEST
JENNIFER WALTERS, CITY SECRETARY
By .~.~/~-'~/~~
AP~ovEDqs TO LEGAL FORM
HERBERT L PROUTY, CITY ATTORNEY
ADDENDUM TO AGREEMENT BETWEEN
THE CITY OF DENTON AND THE
DENTON AFFORDABLE HOUSING CORPORATION CONTRACT
THIS SUPPLEMENTAL AGREEMENT is made as of the /~-~day of
, 1996, by and between DENTON AFFORDABLE HOUSING
tractor), a Texas not-for-profit corporation and
thy CITY ~J~ENTON (Clty), 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 deslre to modify the Baslc Agreement by
funding addlt~onal work and extendlng the per~od 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 provlded.
IN WITNESS WHEREOF,, this S~p_lemental Agreement has been
executed on this the /~ day of~ 1996.
CITY OF DENTON
BY:R~F,~aNAGER
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
APPROVED AS TO LEGAL FORM:
HERBERT L. PROUTY, CITY ATTORNEY
DENTON AFFORDABLE HOUSING CORPORA-
TION
~:.? -~ /
~OARD PRESIDENT
ATTEST:
EXECUTOR ' ECTOR
J \NPDOCS\K\HOUSAHEN CON
PAGE 2
REVISED
ATTACHMENT "B"
Adm~mstrat~on Budget
Salaries, FICA, Workers Compensation, Retirement and Health Insurance $ 28,000
Rent and Utilities $12,500
Telephone $ 3,400
Office Supphes 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 ehg~ble under 24 CFR 92, HOME program regulations
$104,500