Department: Community Services
Department Head/Elected Official: Thao Costis, Interim Executive Director
Regular or Supplemental RCA: Regular RCA
Type of Request: Contract - Amendment
Project ID (if applicable): D2017-064
Vendor/Entity Legal Name (if applicable): Lakeside Place PFC
MWDBE Contracted Goal (if applicable): N/A
MWDBE Current Participation (if applicable): N/A
Justification for 0% MWDBE Participation Goal: N/A - project was awarded prior to launch of County's M/WBE Program
Request Summary (Agenda Caption):
title
Request for approval of a fifth contract amendment to an agreement with Lakeside Place PFC to extend the construction completion period to May 15, 2023 for the Richcrest Apartments project.
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Background and Discussion:
On April 7, 2020, Commissioners Court approved an agreement between Harris County and Lakeside Place PFC for the Richcrest Apartments project. Commissioners Court approved the first, second, third, and fourth amendments, respectively, that amended the loan agreement. Attached for Commissioners Court review and approval is the fifth amendment to the agreement.
The parties desire to amend said agreement to extend the 18-month construction completion requirement for an additional six months to May 15, 2023, due to (1) delayed contributions to the installation of CenterPoint Energy building meter sets and (2) the back order of materials and supplies caused by damage to a hot water tank failure in which the leak caused extensive damage to long lead items such as cabinetry, vinyl flooring, and lighting.
Expected Impact:
The expected impact is to allow the project additional time to finish constructing the multifamily units.
Alternative Options:
The alternative option is that the project will not be completed within the contracted timeframe.
Alignment with Goal(s):
_ Justice and Safety
_ Economic Opportunity
X Housing
_ Public Health
_ Transportation
_ Flooding
_ Environment
_ Governance and Customer Service
Pr...
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