BY COUNCILOR GILBERT:
RESOLVED, that the proper city officers are hereby authorized to enter into an amendment substantially in the form of the copy on file in the office of the city clerk as Public Document No. __________ to the home program housing development projects purchase/rehabilitation/resale agreement with Neighborhood Housing Services (NHS) extending the time within which construction/rehabilitation must be completed to March 31, 2006.
STATEMENT OF PURPOSE: The purpose of this resolution is to authorize an amendment to the FY 2004 HOME program housing development project, purchase/rehabilitation/resale agreement with Neighborhood Housing Services (NHS) to extend the time within which completion of construction/rehabilitation must occur to March 31, 2006. This is the second six month extension requested by NHS. The first six month extension was granted by the community development manager as allowed by the contract agreement. NHS is requesting additional time within which to complete the renovation and sale of a condominium unit at 9 East Fourth Street.