O-2006-2936-A (A in 2008) - Laserfiche WebLink

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FIRST AMENDMENT TO AGREEMENT BETWEEN HARRIS COUNTY AND THE CITY OF LA PORTE FOR THE NORTHSIDE NEIGHBORHOOD SINGLE-F AMIL Y NEW CONSTRUCTION PROJECT RECITALS WHEREAS, HARRIS COUNTY, a body corporate and politic under the laws of the State of Texas, hereinafter referred to as "Grantee," and the City of La Porte, a Texas body politic and corporate under the laws of the State of Texas, herein called the "Subre<;ipient", entered into an Agreement on August 22, 2006 to administer a HOME Investment Partnerships (HOME) Program project in a manner satisfactory to the County and consistent with any standards required as a condition of providing these funds. Such project includes the construction of five (5) single-family houses for very low and low-income families, which is known as the Northside Neighborhood Single-Family New Construction Project (hereinafter, the "Project"). WHEREAS, the Grantee and the Subrecipient desire to amend said Agreement in order to authorize the County to reduce the required amount of match received from the Subrecipient by an amount of $12,500.00. NOW, THEREFORE, the Grantee and the City of La Porte do mutually agree as follows: I. Exhibit A, Scope of Services, section III. ACTIVITIES, subsection D. MatchinQ Funds Requirement, of the original Agreement, which reads as follows: D. Matchinq Funds Requirement HOME Program funds used for Subrecipient construction activities are required to be matched according to 24 C.F.R. 3 92.218. The matching contribution must total not less than twenty-five percent (25%) of HOME funds expended. Eligible forms of matching contributions must be met in accordance with 24 C.F.R. 3 92.220. The Subrecipient's required matching contribution for this Project shall equal no less than $114,325.00. Is hereby amended to read as follows: D. MatchinQ Funds Requirement HOME Program funds used for Subrecipient construction activities are required to be matched according to 24 C.F.R. 3 92.218. Eligible forms of matching contributions must be met in accordance with 24 C.F.R. 3 92.220. The Subrecipient's required matching contribution for this Project shall equal no less than $101,825.00.