FIRST AMENDMENT TO ORGANIZATION AGREEMENT RE PROPOSED ELDERLY RENTALS
FIRST AMENDMENT
TO THE
COMMUNITY HOUSING DEVELOPMENT ORGANIZATION AGREEMENT
BETWEEN
CITY OF CLEARWATER, FLORIDA
AND
MT. CARMEL COMMUNITY DEVELOPMENT CORP. OF CLEARWATER, INC.
THIS FIRST AMENDMENT ("Amendment") dated April 1, 2004, to the ORIGINAL
AGREEMENT ("Agreement"), made and entered into on 1st of December 2002, by and between the
City of Clearwater, Florida, a municipal corporation existing by and under the laws of the State of
Florida, herein after referred to as the "City", and Mt. Carmel Community Development
Corporation of Clearwater, Inc., a not-for-profit corporation organized under the laws of the State of
Florida, herein after referred to as the "Mt. Carmel CDC:
WHEREAS, the City is the recipient of a HOME Investment Partnership Program (HOME)
Grant from the US. Department of Housing and Urban Development (HUD) pursuant to Title II of the
Cranston-Gonzalez National Affordable Housing Act of 1990, as amended, 42 US.C. 12701 et seq.
(HOME Program), codified and implemented by 24 CFR Part 92; and
WHEREAS, under the provisions of the Act, the City is required to set-aside at least 15% of its
HOME Investment Partnership Program entitlement allocation to organizations that meet the
requirement for Community Housing Development Organizations (CHDOs"), as specified by the
HOME Program, for the CHDO to own, develop or sponsor housing for families at or below 80% of the
area median income; and
WHEREAS, the Mt. Cannel CDC has met the requirements established by the federal
government and has been certified as a CHDO by the City, pursuant to the National Affordable Housing
Act of 1990, as amended; and
WHEREAS, the City and the Mt. Cannel CDC desire to sign an agreement which sets forth
terms and conditions for the use and acceptance of the unexpended FY2001-02 HOME Program CHDO
Set Aside funds; and
WHEREAS, it has become necessary to amend the budget, attached as Exhibit A, as contained
in the original Agreement for the proposed elderly rental housing community that Mt. Cannel CDC will
be developing in order to continue moving forward with the development; and
WHEREAS, the original Agreement dated December 1, 2002 remains in full force in effect;
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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their duly
authorized officials on the day and date first above indicated.
Mt. Carmel Community Development
Corpora . fO~at\c. '
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Date
AITFJ5Tlk). 1 k-
Secretary
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Date
CITY OF CLEARWATER, FLORIDA
By:
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William B. Home, IT
City Manager
Continued:
Z;31?f
Assistant City Attorney
Attest:
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2
Mt. Carmel COC - Revised April 2004
Project: Elderly Rental Community - N. Greenwood: CHOO Budget
Original Revised This Expended Balance
Activity Budget Budget Change Period TO Remaining
Project Management $ 23,000.00 $ 28,000.00 $ 5,000.00 $ 20,865.00 $ 7,135.00
Training $ 4,000.00 $ 2,000.00 $ (2,000.00) $ 575.44 $ 1,424.56
Site Control $ 12,100.00 $ 8,600.00 $ (3,500.00) $ 8,534.43 $ 65.57
Preliminary Architectural & Engineering $ 5,000.00 $ 20,000.00 $ 15,000.00 $ $ 20,000.00
Legal Services $ 5,000.00 $ 2,000.00 $ (3,000.00) $ 362.00 $ 1,638.00
Envi ronmental $ 5,000.00 $ 2,000.00 $ (3,000.00) $ $ 2,000.00
Demolition $ 10,000.00 $ 1,000.00 $ (9,000.00) $ 350.00 $ 650.00
Site Survey $ 3,500.00 $ 3,500.00 $ $ 2,607.00 $ 893.00
Preliminary Site Plan $ 5,000.00 $ 6,000.00 $ 1,000.00 $ 4,500.00 $ 1,500.00
Accounting $ 3,000.00 $ 3,000.00 $ $ $ 3,000.00
Community Meetings $ 1,500.00 $ 1,000.00 $ (500.00) $ $ 1,000.00
$ 77,100.00 $ 77,100.00 $ $ $ 37,793.87 $ 39,306.13
$ 77,100.00
4/19/2004