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2 <br /> Amendment No. 2 to <br /> City of Everett <br /> Neighborhood Stabilization Program <br /> Subgrantee Agreement with the Everett Housing Authority <br /> The City of Everett and the Everett Housing Authority agree to amend and modify their <br /> Subgrantee Agreement dated October 15, 2009 and amended on September 9, 2010 (the <br /> "Subagreement") as follows: <br /> WHEREAS, the City of Everett entered into an agreement with the State Department of <br /> Commerce for Neighborhood Stabilization Funds to recover foreclosed properties; and <br /> WHEREAS, based on the above-mentioned agreement, the City entered into a Subgrantee <br /> Agreement with the Everett Housing Authority to work with nonprofit organizations to recover <br /> foreclosed properties; and <br /> WHEREAS, the Department of Commerce requires that the Subgrantee Agreement between <br /> the City of Everett and the Everett Housing Authority addresses the use of all program income <br /> as defined in 24 CFR 570.500a; and <br /> WHEREAS, the City of Everett and the Everett Housing Authority desire that the Subgrantee <br /> Agreement complies with requirements by the Department of Commerce; <br /> NOW, THEREFORE, the City of Everett and the Everett Housing Authority agree to amend and <br /> modify the Subgrantee Agreement as follows: <br /> 1. Exhibit A of the Subgrantee Agreement is hereby replaced with the Exhibit A attached to <br /> this amendment. For convenience, deletions from the old Exhibit A are struck through <br /> on the attached Exhibit A and additions to the old Exhibit A are underlined in the <br /> attached Exhibit A. <br /> 2. The effective date of this amendment is <br /> 3. All terms, conditions and provisions of the Subgrantee Agreement remain in full force <br /> and effect except as expressly modified.by this Amendment. <br /> [REMAINDER OF PAGE INTENTIONALLY BLANK] <br /> 6 <br />