HomeMy WebLinkAboutCommunity Development Block Grant Program (2)
Augusta Richmond GA
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HOUSING NEIGHBORHOOD DEVL
7058211784
P.02/04
i
AMENDED AGREEMENT
between
AUGUSTA NEIGHBORHOOD IMPROVEMENT CORPORATION
and
AUGUST A, GEORGIA
COMMUNITY DEVELOPMENT BLOCK GRANT PROJECT
This Amendment is made and entered into by and between AUGUSTA, GEORGIA, acting by
and through the Housing and Neighborhood Development Department, with offices at One Tenth
Street, Suite 430, Augusta, Georgia 30901, as Party of the First Patt hereinafter called "Grantor"
and AUGUSTA NEIGHBORHOOD IMPROVEMENT CORPORATION, a nonprofit
corporation organized pursuant to the laws of the State of Georgia, hereinafter called
"Subrecipient" or "A-NIC", as Party of the Second Part.
WHEREAS, an agreement was entered into between the. Augusta Neighborhood
Improvement Corporation and Augusta, Georgia, approved September 29,2000; and
WHEREAS, the Augusta-Richmond County Commission has approved this Amendment to the
original contract;
NOW, THEREFORE, the Parties hereto, for and in consideration set forth herein, do hereby
agree to this Amendment to said Agreement as follows:
1.
ARTICLE I, C. (a) is hereby amended by deleting from said original
contract the following provision:
"Additionally, Subrecipient shall receive $1,000.00 per unit in
administrative expenses, up'to a maximum of $1 00,000.00, for
each unit completed as defined in ARTICLE J (C)(3)(b) below.
All administrative funds must be spent in accordance with
ARTICLE IV. The total amount of funds to be reimbursed for
administrative costs shall not exceed $200,000.00.
and inserting in lieu thereof the following:
"In addition, Subrecipient shall receive an additional $100,000.00
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fi)r reimbursement of administrative expenses. These
administrative expenses will be reimbursed at ten per cent (10%)
oflhe CDBG funded portion of the total project cost for each
completed unit of rehabilitated or reconstructed housing and sold
with appropriate supporting documents (i.e. closing docwnenl<;).
2. The provisions of ARTICLE 1 (C)(3)(b) are hereby deleted in their
entirety, and in lieu thereof the following is substituted, to-wit:
(b) n$800,000.00 for reimbursement of expenses related to
provision of services and activities, subject to approval by
Grantor, in accordance with 24 CFR 570 Subpart C.
Subrecipient shall receive a reimbursement amount not to
exceed $25,000.00 for each reconstructed or rehabilitated
house. Reimbursements will be granted upon completion
of the reconstruction or rehabilitation project and upon sale
of said completed residential unit and upon submission of
proper request for reimbursement with appropriate
supporting documentation (see Article IV). Grantor will
monitor the progress of project with regard to the
production of housing units by Subrecipient."
3. The provisions of ARTICLE I (C)(4)(d) are hereby deleted in their
entirety. and in lieu thereof the following is substituted, to wit:
(c) Provide up to fifty per cent (50%) of any down payment of
assistance required per unit, up to $10,000.00, or such other
limits as approved by HND or HUD. A-NIC's down
payment assistance will be presented in the form of a
second or third retiring loan. TIle retiring will be equal to
one-fifth per year for five years. Repayment of the
prorated amounts will be due upon the death, sale, transfer
or refinancing prior to such second or third retiring loan
maturity.
4. The provisions of ARnCLE I (E) are hereby amended by deleted in their
entirety and the following is substituted, to-wit:
"Subrecipient shall be paid a total consideration of $1,000..000.00
for full performance of the services specified under this
Agreement. Any cost above this amount shall be the sole
responsibility of the Subrecipient. It is understood by both Parties
to this contract that the funding provided under this contract, for
this specific project, shall be the only funds provided by Grantor in
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the geographic area described in ARTICLE I (C)(l) for housing
rehabilitation and down payment assistance programs duplicated
by the City's Housing and Neighborhood Development
Department.
5. ARTICLE I (D) is hereby amended to provide as follows, to wit:
"Subrecipient shall obligate the designated CDBG funds within 18
months of the execution of this Amendment to the original
Agreement. Subrecipient shall expend the designated CDBG
funds within 24 months of the date of this Amendment and in
accordance with ARTICLE VITI herein.
6. All other terms and provisions of the original Agreement shall remain in
full force and effect.
IN WITNESS WHEREOF, the undersigrted have caused this Agreement to be
executed by the proper officials, this $0/. day of 1\J~t;;~ till r ,2001.
t/
fiJI1G , ,
By:
~ Bob Young, As its May
AUGUSTA NEIGHBORHOOD
IMPROVEMENT CORPORATION
SUB-RECIPIENT
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As its President
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