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FIRST AMENDMENT TO AGREEMENT
THIS FIRST AMENDMENT TO GRANT AGREEMENT (First Amendment) is effective as of December 31, 2024, and amends the Grant Agreement between the City of Fresno, a California municipal corporation (CITY), and Southwest Fresno Development Corporation, a California Non-profit Corporation (GRANTEE) to provide funding for the No Place Like Home Program.
RECITALS
A. Whereas, the CITY and GRANTEE are parties to that certain Grant Agreement for the No Place Like Home initiative to build wealth for Southwest Fresno residents through homeownership dated April 3, 2023 (Agreement); and B. Whereas, pursuant to the Agreement, the CITY has issued to GRANTEE Program Funds in relation to support of the No Place Like Home initiative utilizing American Rescue Plan Act (ARPA) funding; and
C. Whereas, the term of the Agreement is set to expire on December 31, 2024; and D. Whereas, the CITY and GRANTEE now desire to extend the term of the Agreement to December 31, 2025 in order to complete all program activities and expend all allocated funding.
AGREEMENT
NOW, THEREFORE, in consideration of the above recitals, which recitals are contractual in nature, the mutual promises herein contained, and for other good and valuable consideration hereby acknowledged, the parties agree that the aforesaid agreement be amended as follows:
1. Term. The term of the Agreement referenced in Section 3, shall be extended through December 31, 2025.
2. Effect of Amendment. Except as expressly modified by this First Amendment, the Agreement is hereby reaffirmed and ratified. In the event of any conflict between the Agreement or any Exhibits and this First Amendment, this First Amendment shall control.
[SIGNATURE PAGE FOLLOWS]
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IN WITNESS WHEREOF, the parties have executed this Agreement on the date set forth above.
CITY OF FRESNO,
a California municipal corporation
By:
Georgeanne A. White
City Manager
APPROVED AS TO FORM:
ANDREW JANZ
City Attorney
By:
Tracy N. Parvanian Date
Assistant City Attorney
ATTEST:
TODD STERMER, CMC
City Clerk
By:
Deputy Date
Southwest Fresno Development
Corporation, a California Non-profit
Corporation
By:
Name:
Title:
(If corporation or LLC., Board Chair,
Pres. or Vice Pres.)
By:
Name:
Title:
(If corporation or LLC., CFO,
Treasurer, Secretary or Assistant
Secretary)