HOME Funds Amend 1 - Laserfiche WebLink

44* SNOHOMISH COUNTY HUMAN SERVICES DEPARTMENT 3000 ROCKEFELLER AVENUE, M/S 305 I EVERETT, WA 98201 (425) 388-7200 CONTRACT AMENDMENT 1. Contract Number: 2. Amendment Number: 3. •This Amendment herein- 4. Amount of Contract after identified as: Award as Amended: HCS-15-42-1213-198 (1) HCS-15-42-1213-198(1) $573,298 5. Name and Address of Contracting Organization: 6. Title of Project/Service: City of Everett Kennedy Court Improvement Project ❑x Subrecipient ❑ Contractor 7. THIS ITEM APPLIES ONLY TO BILATERAL AMENDMENTS. The Contract identified herein, including any previous amendments thereto, is hereby amended as set forth in Item 9 below by mutual consent of all parties hereto. 8. TERMS OF AMENDMENT. (Indicate the amount of an increase/decrease in contract and new beginning and ending dates, if applicable). The Contract referred to in Item 1 above is revised as follows: A. Contract is increased by $145,000 for a new total of$573,298. All references to contract total are hereby superceded to the new total. B. All references to "2012 and 2013 HOME funds" shall be revised to "2010, 2012 and 2013 HOME funds", throughout the Contract as and where appropriate. C. Section I.F, "GENERAL AGREEMENT, Expenditue of HOME funds", is updated in its entirety as follows: The City shall cause the Agency to fully expend the 2010, 2012 and 2013 HOME funds provided to it pursuant to this Agreement (as set forth in Section I-B hereof) for the rehabilitation of Kennedy Court, made in accordance with the terms hereof by December 31, 2017. After the ending date indicated above, the Agency shall not be entitled to draw against the 2010, 2012 or 2013 HOME funds pursuant to its City HOME Loan Agreement. If the Agency does not fully expend its 2010, 2012 or 2013 HOME funds by the date indicated, the City may recapture the funds and reallocate them to another eligible activity. D. In Section III, "PROJECT REQUIREMENTS", The table in Subsection A.3 is hereby amended as follows: Bedrooms HOME Maximum Per-Unit Subsidy Limit 0 BR $140,107 1 BR $160,615 2 BR $195,304 3 BR $252,662 4+ BR $277,344 E. Project Description, Exhibit A is is hereby superceded with Amended Project Description Exhibit A-1, as attached. F. Project Budget, Exhibit B is hereby superceded with Amended Project Budget Exhibit B-1, as attached. G. HOME Loan Agreement, Attachment 1, is amended as Amended HOME Loan Agreement, Attachment 1- A, as attached.