HomeMy WebLinkAboutSECOND AMENDMENT TO AGREEMENT BETWEEN AUGUSTA, GEORGIA AND LANEY WALKER DEVELOPMENT CORPORATION FOR 2016 HOME INVESTMENT PARTNERSHIP PROGRAM_ 802 PERRY COURT SECOND AMENDMENT
TO
AGREEMENT BETWEEN
AUGUSTA, GEORGIA
LANEY WALKER DEVELOPMENT CORPORATION
FOR
2016 HOME INVESTMENT PARTNERSHIPS PROGRAM
This Second Amendment to the agreement executed by and between the Parties on
November 5, 2017, is made and entered into on the day of 2017,by
and between AUGUSTA, GEORGIA, (hereafter referred to as "Augusta"), and LANEY
WALKER DEVELOPMENT CORPORATION. (hereinafter referred to as the "LWDC").
WHEREAS, AUGUSTA desires to amend the original agreement to allow Laney Walker
Development Corporation to effectively administer its HOME eligible affordable housing
development activities;
WHEREAS, Laney Walker Development Corporation has determined that this
Amendment is in its best interest and has agreed to the said Amendment;
NOW THEREFORE, in exchange for their mutual good and valuable consideration,the
receipt and sufficiency of which each PARTY acknowledges, and intending to be legally bound,
AUGUSTA and LWDC agree to amend said agreement as follows:
(1)
Article II Section D. Project Budget: Limitations. HCD will provide LWDC with an
additional $7,973.23 in the form of a loan to complete the construction of the unit. Additional
funding will be paid back to HCD at closing along with original loan repayment of$35,155.04.
Total amount of loan repayment at closing shall be $43,128.27.
B. Use of Funds
HOME Program funds shall be used by LWDC for the purposes and objectives stated in
Article I, Scope of Services, and Exhibit"A" of the original Agreement. There will be no change
in the use of funds as it will remain as original agreement. Only change as outlined in project
budget.
Except for the modifications made by this Amendment, the terms and conditions of the
Agreement, as previously amended, shall remain in full force and effect.
Augusta Housing and Community Development
HOME Investment Partnership Program Agreement Amendment
Laney Walker Development Corporation—802 Perry Court—2nd Amendment
This Amendment is executed in two (2) counterparts—each of which shall be deemed an original
and together shall constitute one and the same Amendment with one counterpart being delivered
to each party hereto.
IN WITNESS WHEREOF,the parties have set their hands and seals as of the date first written
above:
ATTEST: AUGUSTA, GEORGIA
(Augusta)
SAL i h //j
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/ d o. 4 � '/ AOAs Its Mayor
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ATTEST: LANEY WALKER DEVELOPMENT CORPORATION
(Grantee)
SEAL: , i
By:
Its: 0 ,e7te r7
sAyile
(Plain witness) Date Date
( 2 )