R13-101RESOLUTION R13 -101
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3 A RESOLUTION OF THE CITY COMMISSION OF THE
4 CITY OF BOYNTON BEACH, FLORIDA, APPROVING
5 AMENDMENT NO 2 TO THE NEIGHBORHOOD
6 STABILIZATION PROGRAM 1 (NSP1) TO EXTEND THE
7 TERM OF THE AGREEMENT TO SEPTEMBER 30, 2014;
8 AUTHORIZING THE MAYOR AND CITY CLERK TO
9 SIGN THE AMENDMENT TO THE AGREEMENT
10 BETWEEN THE CITY OF BOYNTON BEACH AND THE
11 BOYNTON BEACH COMMUNITY REDEVELOPMENT
12 AGENCY; PROVIDING AN EFFECTIVE DATE.
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15 WHEREAS, Resolution R10 -086 approved an agreement between the City and
16 CRA allocating $400,000 in NSP1 funds from the City to the CRA for infrastructure
17 I improvements in the Ocean Breeze West development; and
18 " WHEREAS, a condition within the Agreement requires that the CRA satisfies the
19 US Department of Housing & Urban Development's National Objective requirement that
20 the funds be used to build homes to be occupied by low -to- moderate income families by
21 September 30, 2012; and
22 , WHEREAS, the First Amendment to the Agreement extended the deadline to
23 September 30, 2013 and the City and CRA now wish to further extend the deadline to
24 September 30, 2014 to allow for completion of the project; and
25 ' WHEREAS, upon the recommendation of staff, the City Commission deems it to
26 be in the best interests of the citizens and residents of the City of Boynton Beach to approve
27 a second amendment to the Neighborhood Stabilization Program 1 (NSP 1) Agreement
28 extending the deadline to September 30, 2014, and authorizing the Mayor and City Clerk to
29 sign the Amendment.
30 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF
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IF
1 THE CITY OF BOYNTON BEACH, FLORIDA, THAT:
2 Section 1. The foregoing "Whereas" clauses are true and correct and are hereby
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ratified and confirmed by the City Commission.
Section 2. The City Commission of the City of Boynton Beach, Florida, hereby
approves the second amendment to the Agreement between the City of Boynton Beach and the
Boynton Beach Community Redevelopment Agency for Neighborhood Stabilization Program 1
(NSP 1) to extend the Agreement to September 30, 2014.
Section 3. The Mayor and City Clerk are hereby authorized to sign the second
Amendment to the Agreement between the City of Boynton Beach and the Boynton Beach
Community Redevelopment Agency, a copy of which is attached hereto as Exhibit "A"
Section 4. This Resolution shall become effective immediately upon passage.
PASSED AND ADOPTED this 17 day of September, 2013.
CITY OF BOYNTON BEACH, FLORIDA
�T✓
or Jerj Taylor
M ies ayor — Woo&er�
Cor4nis4one is t- tvkrker
•
ommiss' er — ichael M. Fit atric
1
t`� , u
C mmissioner —Joe Casello
!3 \Reso - NSPI Second Amendment 091713 doc
between THE CITY OF BOYNTON BEACH (hereinafter referred to as the "City") and THE
BOYNTON BEACH COMMUNITY REDEVELOPMENT AGENCY (hereinafter referred to as
LT6 1 1M
WHEREAS, the City and CRA are parties to an Agreement' dated July 20, 2010
regarding Neighborhood Stabilization funding for the project known as Ocean Breeze West
(hereinafter referred to as "OBW"); and
Whereas, the City and CRA wish to extend the deadline for complying with and
providing NSP National Objective requirements to September 30, 2014; and
In consideration of the mutual terms and conditions, promises, covenants and payments
hereinafter set forth, City and CRA agree as follows to amend the Agreement as follows:
1. The foregoing whereas clauses are true and correct.
2. The City Commission and the CRA Board have approved this agreement.
3. Notwithstanding the Agreement or prior amendments, the NSP National
Objective must be satisfied by the CRA no later September 30, 2014 unless a otherwise
determined by HUD. If the National Objective is not met, the NSP funding allocated
under this Agreement must be repaid to the City by the CRA.
4. All other terms and conditions of the Agreement not specifically amended shall
remain in full force and effect for the balance of the term of the Agreement.
I Agreement approved by City Resolution 10-086
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IN WITNESS OF THE FOREGOING, the parties have set their hands and seal the day and year
first written above.
3" u �lg
By:
J a ' Ta y .. , Ma r
ATTEST:
B �4
M. Pr I
YQClerkt ito, C
Jan M. Prain MM
By: Jqr� �Tayloj,
Approved:
James A. Ch4LqfXlty Attorney
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