RES 282 Draft 01 2012-2014 - Laserfiche WebLink

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t M FIRST AMENDMENT TO FY 2012 HOME INVESTMENT PARTNERSHIPS PROGRAM ("HOME") STATE RECIPIENT AGREEMENT THIS FIRST AMENDMENT TO FY2012 HOME STATE RECIPIENT AGREEMENT, dated effective as of (the "First Amendment") is entered into by and between the COUNTY OF HAWAII, OFFICE OF HOUSING AND COMMUNITY DEVELOPMENT ("The County") a municipal corporation of the State of Hawaii, whose address is 50 Wailuku Drive, Hilo, Hawaii 96720, and HAWAII HOUSING FINANCE AND DEVELOPMENT CORPORATION, a public body and a body corporate and politic of the State of Hawaii, pursuant to Chapter 201H of the Hawaii Revised Statutes("HHFDC"), whose address is 677 Queen Street, Suite 300, Honolulu, Hawaii 96813. RECITALS: A. The County and HHFDC entered into that FY2012 HOME State Recipient Agreement dated October 30, 2012. B. Another State Recipient, the County of Maui, was unable to utilize HOME program funds in the amount of $394,441.00 for a Community Housing Development Organization (CHDO) eligible activity. C. HHFDC reviewed the potential use of CHDO funds with the two remaining State Recipients. It was determined that the State Recipient for the County of Hawaii has the capacity to utilize the CHDO funds for eligible activities within the required expenditure deadlines. D. The County and HHFDC wish to amend the FY 2012 HOME State Recipient Agreement to allocate an additional $394,441of CHDO funds to be utilized for existing CHDO activities. The funds will be utilized towards the Hawaiian Paradise Park Mutual Self-Help Phase 3 project which will consist of ten(10) self-help housing units located in Keaau, Hawaii or the Mohouli Heights Senior Neighborhood project which will consist of 60 one(1)bedroom, one (1)bath units for the elderly located in Hilo, Hawaii. AMENDMENT: NOW, THEREFORE, in consideration of the Recitals set forth hereinabove and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, The County and HHFDC agree as follows: 1. Exhibit A referenced in Section E, Scope of Services, of the FY 2012 HOME State Recipient Agreement is hereby deleted in its entirety and replaced with Exhibit A-1 attached hereto and made a part hereof.