SECOND AMENDMENT TO ORGANIZATION AGREEMENT REGARDING AMENDING THE BUDGET
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SECOND AMENDMENT
TO THE
COMlVIUNITY HOUSING DEVELOPMENT ORGANIZATION AGREEMENT
BETWEEN
CITY OF CLEARWATER, FLORIDA
AND
MT. CARMEL COMlVIUNITY DEVELOPMENT CORP. OF CLEARWATER, INC.
THIS SECOND AMENDMENT ("Amendment") dated December 1, 2004 and effective on
September 1, 2004, to the ORIGINAL AGREEMENT ("Agreement") dated December 6, 2002, and
FIRST AMENDMENT ("Amendment"), made and entered into on April 23, 2004, 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 U.S. 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 CORPORATION OF
CLE A:R.ll'lCo
I, J<.Jr6i
Date
AITEST: {~
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Secretary
1- \&'~l>5
Date
Countersigned:
CITY OF CLEARWATER, FLORIDA
~~~ p(~
~;. Hibbard .
Mayor
By:
~73.~-r
William B. Horne, II
City Manager
Continued:
Attest:
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