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): D2017-089
Vendor/Entity Legal Name (if applicable): Magnificat Permanent Affordable, LLC
MWDBE Contracted Goal (if applicable): The City of Houston, which is jointly funding the project, will set the
MWDBE contracted goal and monitor MWDBE compliance.
MWDBE Current Participation (if applicable): N/A
Justification for 0% MWDBE Participation Goal: N/A - Goal is not 0% and is listed above
Request Summary (Agenda Caption):
title
Request for approval of a second amendment to an agreement with National Housing Partnership Foundation (NHPF) Caroline Conduit, LLC, and Magnificat Permanent Affordable, LLC to extend the construction completion date to October 23, 2024 due to unanticipated rain/hurricane delays and unexpected infrastructure delays.
end
Background and Discussion:
On April 5, 2022, the Commissioner’s Court approved an agreement between Harris County and National Housing Partnership Foundation (NHPF) Caroline Conduit, LLC, and Magnificat Permanent Affordable, LLC. Attached for Commissioner’s Court review and approval is the first amendment to the agreement between Harris County and National Housing Partnership Foundation (NHPF) Caroline Conduit, LLC, and Magnificat Permanent Affordable, LLC, for the above-described project. On August 2, 2022, the Commissioner’s Court approved the first amendment to amend said agreement to: (i) increase the Site Work line item by $1,282,132, (ii) increase the Direct Construction line by $224,164, and (iii) to increase the Other Construction line item by $122,171. The increases total $1,709,890 in additional funding, requested from the subrecipient due to the surge in construction materials cost. The revised amount of the CDBG-DR funding for this project will be $10,248,169.00 and the total amount of project funding will be $44,822,492. Further, at the request of Precinct 1, the agreement is being amended to provide certain minimum protections for residents of the Project (EXHIBIT E-1, “TENANT RIGHTS”). The parties now desire to amend said agreement to extend the 18-month construction completion requirement for an additional six (6) months to October 23, 2024, due to unanticipated weather delays and unexpected infrastructure delays.
Expected Impact:
The expected impact is to allow the 3300 Caroline Street project additional time to finish constructing the multifamily units. No fiscal impact on the County is anticipated.
Alternative Options:
The alternative option is that the project will not complete construction within the contracted timeframe.
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 |
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07/10/18 |
III.1.2 |
Approval of and resolution to submit Harris County Supplemental Action Plan to the GLO |
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08/11/20 |
8.h.1 |
Approval of funding for the 3300 Caroline Street Project |
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04/05/22 |
108 |
Approval of the 3300 Caroline Street Loan Agreement |
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08/02/22 |
288 |
Approval of the Second Amendment to the 3300 Caroline Street Loan Agreement |
Location:
Address (if applicable): 3300 Caroline Street, Houston, Texas, 77004
Precinct(s): Precinct 1
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Anticipated Court Date: 04/23/24
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, Multi-Family Housing Development, Harris County Housing and Community Development
Attachments (if applicable): Amendment #2