STRATEGIC PRIORITY: Economic and Neighborhood Vitality
AGENDA DATE: June 23, 2021
COUNCIL DISTRICT(S):|910|DEPARTMENT: Department of Housing & Neighborhood Revitalization
EXECUTIVE: Dr. Eric A. Johnson
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SUBJECT
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Authorize a second amendment to the conditional grant agreement, previously approved by Resolution No. 15-0861 on May 13, 2015, as amended, with Dallas Area Habitat for Humanity (Habitat) and Builders of Hope CDC, who assumed the obligations of Greenleaf Ventures, LLC for infrastructure construction related to the development of 50 to 53 single-family homes in East Dallas located on Chariot Drive, to (1) extend the completion date from December 31, 2019 to December 31, 2021; (2) extend the term of the conditional grant agreement to December 31, 2021, to allow for final payment and closeout of the project; and (3) require that Habitat donate $1,500.00 to the Chariot Village Homeowner's Association for neighborhood beautification projects - Financing: No cost consideration to the City
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BACKGROUND
On May 13, 2015, City Council authorized a conditional grant agreement with Greenleaf Ventures, LLC to pay for a portion of the infrastructure construction cost for a single-family development for 50 - 53 homes in East Dallas located on Chariot Drive in an amount not to exceed $450,000.00 by Resolution No. 15-0861. A minimum of 27 homes were required to be sold to households at or below 140 percent of Area Median Income.
On August 15, 2017, Greenleaf Ventures, LLC assigned its obligations under the Agreement to Habitat.
On June 13, 2018, Habitat and BOH were granted an extension to the completion date under the conditional grant agreement from October 30, 2017 to December 30, 2019, by Resolution No. 18-0831. The resolution also included additional benchmarks and threshold requirements. Due to the change in leadership and the time to transfer ownership of lots, Habitat was unable t...
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