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HomeMy WebLinkAboutC01-208 CDBG change letterx,01 -z-e5'& - .mil Cl 6167),- CDBG # H9CDB97767 Rev. 2/97 CDBG CONTRACT CHANGE LETTER #-5 THIS CONTRACT CHANGE LETTER NUMBER # 5, made this al day of 73UNE by and between the State of Colorado for the use and benefit of the Department of Local Affairs, 1313 Sherman Street, Denver, Colorado 80203 hereinafter referred to as the State, and Eagle County, P.O. Box 179, Eagle, Colorado 81631 , hereinafter referred to as the Contractor, WHEREAS, authority exists in the Law and Funds have been budgeted, appropriated and otherwise made available and a sufficient unencumbered balance thereof remains available for payment in Fund Number 100 , Appropriation Code Number 118 , Org. Unit FDHO , GBL D744 , Contract Encumbrance Number H9CDB97767 ; and WHEREAS, this Change Letter modifies Contract # H9CDB97767 , Routing # 00074 , dated July 15, 1978 , and both the State and the Contractor are agreeable to this contract modification, THEREFORE, this Contract is changed as follows: Paragraph 11. Compensation and Method of Payments in the Original Contract is modified by deleting "One Hundred Eighty Thousand and No /100ths Dollars ($180,000) and inserting in lieu thereof One Hundred and Ten Thousand and No /100ths Dollars ($110,000)." Exhibit A, Scope of Services, 1. Project Description, Objectives, and Requirements, is modified as follows: The last sentence in paragraph #1A is modified by deleting "CDBG funds will be used for down payment and closing cost assistance for at least 14 families." and inserting in lieu thereof "CDBG funds will be used for down payment and closing cost assistance for at least 11 families." Exhibit A, Scope of Service, 3. Time of Performance, is modified by deleting " June 30, 2001 " and inserting in lieu thereof " December 31_,2001 ". Page 1 of Three Pages Exhibit A, Scope of Service, 4. Budget, is modified as follows: Project Total Project CDBG Funds Other Funds Source Activities Cost Down $580,000 $110,000 $100,000 Eagle County Payment and $200,000 CHFA Closing Cost $100,000 NWCOG Assistance $50,000 Vail Valley Realtors $20,000 Local Banks Administrative Costs $6,000 $6,000 Eagle Count Totals $586,000 $110,000 $476,000 By affixing their signatures to this change letter, both the State and the Contractor expressly acknowledge that all of the terms and conditions of the Original Contract remain unchanged except for those terms and conditions modified by this Change Letter # 5 and all previous changes. Both parties also expressly understand that this Change Letter # 5 is incorporated into the Original Contract. This Contract Change Letter Number # 5 is intended to be effective as of ,TU(\.�-- D-q , :�) J0 , but in no event shall it be deemed valid until it shall have been approved by the State Controller or such assistant as he may designate. Page 2 of Three Pages s IN WITNESS WHEREOF, the parties hereto have executed this Contract on the ;day first,above written. Contractor: (Full Legal Name) Eagle County Stone Tom C. , Alle Position (Title) Chairman, Board of County Commissioners d4- 6000762 Social Security Number or Federal ID Number (If Corporation:) Attest (Sear j/ 1-1`1 ,_, PRE-APPROVED,/FORM CONTRACT REVIEWER BY Teresa Dura EXECUTIVE DIRECTOR BOB R�OKS DEPARTMENT OF LOCAL AFFAIRS APPROVALS STATE CONTROLLER Arthur L. Barnhart BY�y� 1 Rose Marie Auten Page 3 of Three Pages