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ATTY/AGR/2016/AMENDMENTS/AMEND NO. 1 HHDC OXFORD APTS REHABILITATION <br />REV: 06-17-16 VR <br />Page 1 of 3 <br />AMENDMENT NO. 1 TO AGREEMENT <br />WITH HIP HOUSING DEVELOPMENT CORPORATION (HHDC) <br /> (Oxford Apartments Rehabilitation) <br /> HOME INVESTMENT PARTNERSHIP ACT (HOME) COMMUNITY HOUSING <br />DEVELOPMENT ORGANIZATION (CHDO) SET ASIDE FUNDS <br />THIS AMENDMENT NO. 1 TO AGREEMENT (“Amendment”) is made and entered into <br />this ________ day of __________________, 2016, by and between the CITY OF REDWOOD <br />CITY, a charter city and municipal corporation of the State of California (“City”) and HIP <br />HOUSING DEVELOPMENT CORPORATION (“HHDC”), a California nonprofit Community <br />Housing Development Organization (“Contractor”; collectively the “Parties”). <br />WITNESSETH: <br />WHEREAS, the Parties are parties to that certain Agreement, dated August 17, 2015 (the <br />“Agreement”), whereby the City agreed to provide Contractor One Hundred Three Thousand Six <br />Hundred and no/100 dollars ($103,600) of financial assistance, in the form of federal Home <br />Investment Partnership Program – Community Development Housing Organization (“CHDO”) Set <br />Aside (“HOME-CHDO”) funds, to assist Contractor in the rehabilitation of 3 units of rental housing <br />affordable to very low income households in Redwood City, as more specifically described in the <br />Agreement; and <br />WHEREAS, the Parties now seek to amend the Agreement to extend the time for <br />performance from June 1, 2016 to June 1, 2017, as provided below in this Amendment. <br />NOW, THEREFORE, the Parties hereby agree as follows: <br />1. General. The Witnesseth, and defined terms therein, are incorporated herein by <br />this reference as though fully set forth herein. Any capitalized term not otherwise defined in this <br />Amendment shall have the meaning provided for that term in the Agreement. <br />2. Contractor Representations. <br />(a) Contractor represents that it has used all funds provided by City under the <br />Agreement only for the purposes permitted by the Agreement, and in all respects has fully <br />complied with the Agreement. <br />(b) Contractor further represents that it is not in breach or default (with or <br />without the giving of notice, the passage of time, or both) under the Agreement, and it has received <br />no claims, notices, or demands to the effect that it is in breach or default (with or without the giving <br />of notice, the passage of time, or both) under the Agreement. <br />3. Amendments to Paragraph 1 (Financial Assistance). The first sentence in <br />Paragraph 1 is hereby amended as follows: <br />City will allocate to Contractor the sum of One Hundred Three Thousand, <br />Six Hundred and no/100 Dollars ($103,600.00) for exclusive use by <br />Contractor during the period commencing July 1, 2015, and ending June <br />1, 2017, solely for the purposes described in Paragraph 2. <br />6.1.P. - Page 3