Department: Housing and Community Development
Department Head/Elected Official: Thao Costis, Executive Director
Regular or Supplemental RCA: Regular RCA
Type of Request: Contract - Amendment
Project ID (if applicable): D2017-063
Vendor/Entity Legal Name (if applicable): Main Street Housing, LP, and Improved Living Foundation, Inc.
MWDBE Contracted Goal (if applicable): N/A
MWDBE Current Participation (if applicable): N/A
Justification for 0% MWDBE Participation Goal: N/A - Goal not applicable to request
Request Summary (Agenda Caption):
title
Request for approval of a sixth contract amendment to an agreement with Main Street Housing, LP, and Improved Living Foundation, Inc., to revise the CDBG-DR & Leveraging budget and extend the construction completion date to December 31, 2023 for the Light Rail Lofts project.
end
Background and Discussion:
On May 25, 2021, Commissioners Court approved the first amendment to said Agreement. On January 25, 2022, Commissioners Court approved the second amendment to said Agreement. On July 19, 2022, Commissioners Court approved the third amendment to amend said Agreement. On August 23, 2022, Commissioners Court approved the fourth amendment to said Agreement. On April 25, 2023, Commissioners Court approved a Fifth Amendment.
This sixth amendment now desires to amend said Agreement to the CDBG-DR funds “Agreement to the CDBG-DR funds “Exhibit D, Budget” to extend the 18-month project completion requirement to December 31, 2023, due to ongoing efforts to obtain all required documents required for project close-out. This amendment also desires to amend the budget to reallocate budget line-items as shown in Exhibit D for the purpose of being able to fund the remaining items needed to close the project out and reduce the CSD Management & HCED Inspection Line-Item, and subsequently the overall budget, due to this item coming in under budget. The Harris County CDBG-DR Loan Amount will now be $9,459,380.92.
Expected Impact:
The expected Impact is no fiscal impact, but the project will be able to be completed timely, and the budget would align with the needs of the project.
Alternative Options:
An alternative option is the project will be unable to be completed, and the budget would not match the needs of the project.
Alignment with Goal(s):
_ Justice and Safety
_ Economic Opportunity
X Housing
_ Public Health
_ Transportation
_ Flooding
_ Environment
_ Governance and Customer Service
Prior Court Action (if any):
|
Date |
Agenda Item # |
Action Taken |
|
10/08/19 |
8.c. |
Project Award |
|
07/28/20 |
8.b.1 |
Loan Agreement |
|
5/25/21 |
123 |
Contract Amendment |
|
1/25/22 |
190 |
Contract Amendment |
|
07/19/22 |
157 |
Contract Amendment |
|
08/23/22 |
187 |
Contract Amendment |
|
04/25/23 |
352 |
Contract Amendment |
Location:
Address (if applicable): 4600 Main Street, Houston, TX 77002
Precinct(s): Precinct 1
|
Fiscal and Personnel Summary |
|
Service Name |
|
|
|
FY 24 |
FY 25 |
Next 3 FYs |
|
Incremental Expenditures (do NOT write values in thousands or millions) |
|
Labor Expenditures |
$ |
$ |
$ |
|
Non-Labor Expenditures |
$ |
$ |
$ |
|
Total Incremental Expenditures |
$ |
$ |
$ |
|
Funding Sources (do NOT write values in thousands or millions) |
|
Existing Budget |
|
Choose an item. |
$ |
$ |
$ |
|
Choose an item. |
$ |
$ |
$ |
|
Choose an item. |
$ |
$ |
$ |
|
Total Current Budget |
$ |
$ |
$ |
|
Additional Budget Requested |
|
Choose an item. |
$ |
$ |
$ |
|
Choose an item. |
$ |
$ |
$ |
|
Choose an item. |
$ |
$ |
$ |
|
Total Additional Budget Requested |
$ |
$ |
$ |
|
Total Funding Sources |
$ |
$ |
$ |
|
Personnel (Fill out section only if requesting new PCNs) |
|
Current Position Count for Service |
- |
- |
- |
|
Additional Positions Requested |
- |
- |
- |
|
Total Personnel |
- |
- |
- |
Anticipated Court Date: January 30, 2024
Anticipated Implementation Date (if different from Court date): N/A
Emergency/Disaster Recovery Note: Disaster Recovery related item
Contact(s) name, title, department: Sam Borders, Director, Multifamily Housing Development, Housing and Community Development
Attachments (if applicable): Loan Amendment #6