To: Harris County Commissioners Court
Through: Adrienne M. Holloway, Ph.D., Executive Director, Community Services
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Prepared By: Rene Martinez, Assistant Director, Community Services Department
Subject: First Amendment to Agreement for the Seaside Lodge at Chesapeake Bay Apartments Project
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Project ID (If applicable]:
Purpose and Request:
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Request for approval of a first amendment to the agreement between Harris County and Urban Partnerships Community Development Corporation and Seaside Lodge, LP, for the Seaside Lodge at Chesapeake Bay Apartments Project in Precinct 2.
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Background and Discussion:
On April 28, 2020, Commissioners Court approved an Agreement between the Harris County and Urban Partnerships Community Development Corporation, a Texas nonprofit corporation, herein called "Nonprofit," and Seaside Lodge, LP, a Texas limited partnership, herein called "Maker" for the Seaside Lodge at Chesapeake Bay Apartments.
Seaside Lodge at Chesapeake Bay Apartments is a new 92-unit affordable housing development for income eligible seniors (55+), of which 47-units will be CDBG-DR-assisted units. The project is located at 2802 Larrabee St, Seabrook, TX 77586, in Precinct 2. The Parties desire to amend said Agreement to amend the Budget to replace $5,099,487.40 in Community Development Block Grant Disaster Recovery Harvey funds (CDBG-DR 2017) with the same amount of 2016 CDBG-DR Funds, in connection with Amendment No. 1 to the Texas General Land Office (GLO) Contract No. 18-545-000-B292 approved by the GLO on January 12, 2021; and to revise certain other budget line items including re-allocating $761,899 from the “Other Construction” line item and $365,834 from the “Site” line item to the “Direct Construction” line item. The CDBG-DR budget total of $13,571,654 is unchanged, and the total amount of funding for this project will remain at $21,306,445.00.
Fiscal Impact:
The Seaside Lodge at Chesapeake Bay Apartments project is funded with a combination of $13,571,654 in CDBG-DR 2017 Harvey Funds, and CDBG-DR 2016 Funds, as awarded by GLO and administered by the Community Services Department. Total project cost is $21,306,445.
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Fiscal Summary |
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Expenditures |
FY 20-21 |
FY 21-22 Projected |
Future Years Projected [3 additional years] |
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Service Impacted: The Seaside Lodge at Chesapeake Bay Apartments is a 92-unit senior housing project, of which 47 units will be CDBG-DR-assisted units. [Please provide service or division where expenditure will be used]* |
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$13,571,654 |
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Existing Budget |
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$13,571,654 |
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Additional Appropriation Requested |
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Total Expenditures |
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$13,571,654 |
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Funding Sources |
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Existing Department Budget |
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Please Identify Funding Source (General Fund, PIC, Special Revenue, Grant, Etc.) |
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CDBG-DR Harvey 2017 Funds and CDBG-DR 2016 Funds |
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[INSERT FUNDING SOURCE HERE]* |
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Total Sources |
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$13,571,654 |
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Alternatives:
Not Applicable
Alignment with Strategic Objective:
SO2- Increase affordable housing opportunities.
Attachments:
Back up attached- Agenda Letter and Executive Summary.