AMENDMENT 2 RE AFFORDABLE HOUSING WITH NATIVE AMERICAN CONNECTIONS EL MIRAGE HOUSING.PDF
Extracted text (via pymupdf)
5587 characters
Contract No. C-22-24-076-X-02 Amendment No. 2 AMENDMENT NO. 2 TO THE DEVELOPER AGREEMENT BETWEEN MARICOPA COUNTY ADMINISTERED BY ITS HUMAN SERVICES DEPARTMENT AND NAC EL MIRAGE HOUSING, LLC I. Maricopa County (“County”) administered by its Human Services Department and NAC El Mirage Housing, LLC (“Developer”) entered into a financial Agreement (“Agreement”) on or about February 28, 2024. The purpose of the Agreement is to provide the Developer with funding to acquire land and construct a new multifamily rental community with 45 units and provide supportive services to those tenants. The project will service residents located within Maricopa County Urban County Cities of City of El Mirage, Town of Youngtown, City of Tolleson and any unincorporated areas of Maricopa County West of 67th Avenue, the City of Avondale, City of Peoria, and City of Surprise. The County provided the Developer with $6,140,196 in U.S. Department of Housing and Urban Development (HUD) HOME Investment Partnerships Program funds (HOME-ARP) under Assistance Listing Number (ALN) 14.239 and $10,583,125 in American Rescue Plan Act – Coronavirus State and Local Fiscal Recovery Funds (“ARPA-SLFRF”) under ALN 21.027, provided to the County by the U. S. Treasury for the provision of HOME activities as identified in Section 3 (Work Statement). The County shall provide the DEVELOPER with total funding in the amount of $16,723,321 under the terms of the Agreement, which term shall be February 28, 2024, through December 31, 2026. The County and Developer are collectively referred to as the “Parties.” The Parties fully executed Amendment No.1 on or about February 13, 2025. The Amendment replaced Section 1 (General Provisions), Paragraph 10 (Definitions), Subparagraph 10.25 (Program Income) in its entirety. Section 2 (Special Provisions), Paragraph 6.0 (Program Income) was replaced in its entirety. Section 3 (Work Statement) was revised and replaced in its entirety. II. The Parties now agree to enter into this Amendment No. 2 to amend the Agreement as follows: A. Revise Paragraph 6.0 (Administrative Change Orders) in Section 1 (General Provisions) and replace in its entirety with the following: 6.0 ADMINISTRATIVE CHANGE ORDERS 6.1 The Chairman of the Board of Supervisors is authorized, upon the recommendation of the Human Services Department Director and Legal Counsel, to review and execute administrative changes to the Agreement on behalf of the County through Administrative Change Orders. Administrative Change Orders will be effective upon execution by both the Parties. Administrative Change Orders shall address any of the following changes: 6.1.1 Modifications to the project timeline if the last day of the project timeline is within the Agreement term; 6.1.2 Modifications to Budget line items if the Agreement amount remains unchanged; Contract No. C-22-24-076-X-02 Amendment No. 2 6.1.3 Modifications required by federal, state, or County regulations, ordinances, or policies; and/or 6.1.4 Modifications to Administrative requirements such as changes in reporting periods, frequency of reports, or report formats required by federal, state, and local regulations, policies, or requirements. B. Revise and replace Section 3 (Work Statement), Paragraph 8 (Activity Budget Summary) in its entirety with the following: 8.0 ACTIVITY BUDGET SUMMARY III. Section II above contains all the changes to the Agreement made by this Amendment No. 2. The Agreement is amended to incorporate the changes contained in this Amendment No. 2. All other terms and conditions of the Agreement remain in full force and effect as executed by the Parties. This Amendment No. 2 is subject to and incorporates the provisions of A.R.S. § 38-511. IV. The Parties have authorized the undersigned to execute this Amendment No. 2 on their behalf, and it shall be effective upon approval and signature by both Parties. [Signatures contained in the following page] Pre-development $1,184,057 ($1,475.39) $1,182,581.61 Hard Construction Costs $4,924,214 $6,939,924 $3,923,292 0 $15,787,430 Supportive Services $306,226 $909,756 $6,235,575 0 $7,451,557 Project Reserves $280,086 0 $280,086 Misc. Soft Costs $509,145 0 $509,145 Developer Fees $1,311,047 0 $1,311,047 TOTAL $5,230,440 $909,756 $10,583,126 $11,750,000 0 $28,473,322 $1,475.39 $1,951,475.39 Original HOME-ARP Admin Funds ARPA Line Item Budget Adjustment COSTS Original HOME-ARP Funds Orginal ARPA Funds Orginal Additional Sources* (defined in Table 9) Revised Total Cost Property Acquisition $1,950,000 Contract No. C-22-24-076-X-02 Amendment No. 2 APPROVED BY: MARICOPA COUNTY Thomas Galvin Date Chairman, Board of Supervisors APPROVED BY: NAC EL MIRAGE HOUSING, LLC. Trula Breuninger, President/CEO of its Sole Member, Native American Connections, Inc. Attested to: _ Juanita Garza Date Clerk of the Board IN ACCORDANCE WITH A.R.S. §§ 11-201 11- 251, AND 11-952, THIS AMENDMENT NO. 2 HAS BEEN REVIEWED BY THE UNDERSIGNED ATTORNEY WHO HAS DETERMINED IT IS PROPER IN FORM AND WITHIN THE POWERS AND AUTHORITY GRANTED TO MARICOPA COUNTY UNDER THE LAWS OF THE STATE OF ARIZONA. Approved as to form: Deputy County Attorney Date