O-2009-3187 3rd amendment to allow for additional financial assistance to eligible Down Payment Assistance

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• THIRD AMENDMENT TO AGREEMENT BETWEEN HARRIS COUNTY AND THE CITY OF LA PORTE FOR THE NORTHSIDE NEIGHBORHOOD SINGLE- FAIVHLY 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 " Subrecipienf , 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, on March 4, 20008 the Grantee and the Subreciplent amended said Agreement to revise the budget by reducing the Subrecipient's required matching contribution by an amount of $12,500.00, and WHEREAS, on July 14, 2009 the Grantee and the Subrecipient amended said Agreement to revise the budget by specifying additional marketing procedures to be implemented and increase HOME funds in the amount of $11,820.00 to cover a portion of closing cost expenses incurred from the sales of the houses, and WHEREAS, the Grantee and the Subrecipient now desire to amend said Agreement to provide Tax Increment Reinvestment Zone (TIRZ) Program funds In the amount of $40,000.00 to provide down payment assistance to eligible homebuyers. NOW, THEREFORE, the Grantee and the Subrecipient do mutually agree as follows: Exhibit A, Scope of Services, found at pages 23-25 of the Agreement, is replaced entirely. The amended Scope of Services is attached hereto and shall be known as 'Exhibit A to the Third Amendment of the Agreement' li. Exhibit B, 'Budget," found at page 26 of the Agreement, is replaced entirely. The amended budget is attached, hereto and shall be known as "Exhibit B to the Third Amendment of Agreement." III. In the event of any conflict between this Third Amendment to Agreement and the original Agreement, the . terms of this Third Amendment shall govem. Ali other conditions between the parties shall remain in full force and effect. •