FIRST AMENDMENT TO PROGRAM YEAR 2020-2021 AGREEMENT - DOWN PAYMENT ASSISTANCE SERVICESFIRST AMENDMENT TO
PROGRAM YEAR 2020-2021 SUBRECIPIENT AGREEMENT BY AND BETWEEN
CITY OF CLEARWATER AND
BRIGHT COMMUNITY TRUST
(Down Payment Assistance Services)
THIS FIRST AMENDMENT TO PROGRAM YEAR 2020-2021 SUBRECIPIENT AGREEMENT BY AND
BETWEEN CITY OF CLEAR TER AND BRIGHT COMMUNITY TRUST ("First Amendment") is
entered into on this day of 2021, by and between the City of Clearwater, a Florida municipal
corporation, having its principal office 600 Cleveland Street, Suite 600, Clearwater, Florida, hereinafter referred
to as the "City", and the Bright Community Trust, hereinafter referred to as the "Provider" or"Subrecipient", whose
principal address is: 2139 NE Coachman Road, Suite 1, Clearwater, FL 33765 (referred to herein individually as
"Party" or collectively as the "Parties").
WITNESSETH:
WHEREAS, the City has applied for and received HOME Investment Partnerships Program funding
(hereafter designated as HOME) from the Department of Housing and Urban Development; and
WHEREAS, Bright Community Trust has applied for and been approved to utilize HOME Program funds
for Down Payment Assistance Services; and
WHEREAS, Bright Community Trust has evidenced the capacity to provide down payment assistance
services funded by this agreement and is located within the city limits of the City of Clearwater, Florida;
and
WHEREAS, on July 16, 2020, the City Council authorized the City Manager to execute an agreement
with Bright Community Trust, Inc. to provide Down Payment Assistance services utilizing up to Twenty
Thousand and xx/100 Dollars ($20,000.00) in HOME funds for an existing home or up to Forty -Five
Thousand and xx/100 Dollars ($45,000.00) in HOME funds for new construction for ten (10) homebuyers
within the city limits of the City of Clearwater, Florida; and
WHEREAS, on December 21, 2020, the Parties entered into the Program Year 2020-2021 Subrecipient
Agreement by and Between City of Clearwater and Bright Community Trust (the "Agreement"); and
WHEREAS, the Parties now wish to amend the Agreement as provided for herein.
NOW, THEREFORE, the parties hereto agree as follows:
Section II — Project Funding — Subsection A is deleted and restated in its entirety as follows:
The City of Clearwater hereby approves HOME Program funding for Down Payment Assistance
Services in the amount up to Forty -Five Thousand and xx/100 Dollars ($45,000.00) for existing home
and new construction from 2020 HOME Program funds. As a subrecipient, Bright Community Trust
will provide outreach and marketing, intake and processing of six (6) down payment and closing cost
assistance loans for qualified, low-income homebuyers who purchase homes in the city limits of
Clearwater on behalf of the City of Clearwater.
Section II — Project Funding — Subsection B is deleted and restated in its entirety as follows:
Requests for Disbursements and Program Income -Bright Community Trust shall ensure HOME funds
provided under this agreement will be requested for disbursement only in required amounts and as
needed for payment of eligible costs. Payments will be made by the City for down payment assistance
services when a loan is processed through Bright Community Trust and closes. The City will compensate
Bright Community Trust One Thousand Five Hundred Dollars and 00/100 ($1,500.00) per successful
loan closure. The City reserves the right to liquidate funds available under this agreement for eligible
costs incurred by the City on behalf of Bright Community Trust to complete the project.
Section II — Project Funding — Subsection D is deleted and restated in its entirety as follows:
The full amount of HOME funds, up to Forty -Five and xx/100 Dollars ($45,000.00) for an existing home or
new construction, from the HOME Program, shall be released as earned by verified performance of activities to
be completed under this agreement, as determined by the City of Clearwater.
Section II — Project Funding — Subsection E is deleted and restated in its entirety as follows:
It is expressly agreed and understood that the total amount shall not exceed Forty -Five Thousand and
xx/100 Dollars ($45,000.00) for existing homes or new construction from the 2020 HOME Program.
Bright Community Trust will be awarded One Thousand Five Hundred and xx/100 Dollars ($1,500.00)
per down payment assistance loan processed.
NO FURTHER CHANGES
Except as set forth herein, all other terms and conditions of the Agreement shall remain the same.
44JONATHAN CARTER
+? • ' \ Notary Public • State of Florida
` Commission # GG 944736
.....:?.?"or M1t' My Comm. Expires Jan 7, 2024
Bonded through National Notary Assn.visineumwposposimorisowellmermink
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IN WITLESS WHEREOF, the parties hereto have executed these presents and have set their hands and seals
this e day of ,J/) Q,c y , 2021.
A 1'1EST:
By: a4 `L' W`(
Rosemarie Call, City Clerk
STATE OF FLORIDA
COUNTY OF PINELLAS
CITY OF CLEARWATER, FLORIDA a municipal corporation
Organized and existing under the laws of the State of Florida
By:wlijj„QiciA44,4
illiam B. Horne II, City Manager
Bright Community Trust
a Florida non-profit corporation
By:
Title:
Print Name: f -c ---0,„,./L- (Alai
Date: /� /3
The foregoing instrument was acknowledged before me by means of
this May )3, ,2 (date) by Fra ,#) c,'s l✓i° // s ,
personally/ known to me or who has produced
identification.
WITNESS my hand and official seal this
3 day of
‘ysical presence or ❑ online notarization,
re SI cd e.1 f" , who is
'Y2oas3. 70- botype of identification) as
/7)A% , 2021
►�' ARY PUB_I TC
Print Name: J vn«.*he-r) c ,-fer—
My Commission Expires: Ste. 7, 20 at-/
APPROVED AS TO FORM
For the use and reliance of the City of Clearwater, Florida only.
a51 , 2021.
Laura Mahony, Senior Assist City Attorney
Clearwater, Florida
3
WARNING: 18 U.S.C. 1001 provides, among other things, that whoever knowingly and willingly makes or uses a
document or writing containing any false, fictitious, or fraudulent statement or entry, in any matter within the jurisdiction
of any department or agency of the United States, shall be fined not more than $10,000 or imprisoned for not more than
five years, or both.
EXHIBIT A
CDBG & HOME Income Limits
Effective June 1, 2021
50+ to 80%
AMI
(Moderate)
Household D to 3090 AMI
Size (Extremely Low)
0+ to 5
(Low)
Above 8C
(Non-
Low/Modera
1 Person
$ 15,550
$ 25,850
$ 41,350
N/A
2 Persons
$ 17,750
$ 29,550
$ 47,250
3 Persons
$ 19,950
$ 33,250
$ 53,150
N/A
N/A 1,
4 Persons
$ 22,150
$ 36,900
$ 59,050
N/A
5 Persons
6 Persons
$ 23,950
$ 25,700
$ 39,900
$
42,850
$ 63,800
$ 68,500
N/A
N/A
7 Persons
$ 27,500
$ 45,800
$ 73,250
N/A
8 Persons
$ 29,250
$ 48,750
$ 77,950
N/A
GROSS (UNADJUSTED) MEDIAN HOUSEHOLD INCOME - $72,700