HomeMy WebLinkAbout2010 CON CDC Related Companies of CA / Community Housing Works - Amendment #1 Affordable HousingFIRST AMENDMENT
to
EXCLUSIVE NEGOTIATION AGREEMENT
by and between
COMMUNITY DEVELOPMENT COMMISSION
of
THE CITY OF NATIONAL CITY,
THE RELATED COMPANIES OF CALIFORNIA, AND COMMUNITY HOUSING WORKS
On March 3, 2009, the COMMUNITY DEVELOPMENT COMMISSION OF THE
CITY OF NATIONAL CITY, a public body, corporate and politic ("CDC"), RELATED
COMPANIES OF CALIFORNIA AND COMMUNITY HOUSING WORKS (collectively
referred to as ("Developer") entered into an EXCLUSIVE NEGOTIATION AGREEMENT
("Agreement") to plan and implement a Transit Oriented Affordable Housing project and service
incubator on approximately 10.6 acres identified as the National City Public Works Center
(APNs 560-396-06, 560-391-08, 560-206-03, 555-124-05 plus public right of ways) in the City
of National City ("the Site").
WHEREAS, CDC and Developer have been cooperating on the planning and
development of the Site; and
WHEREAS, Section ILE. of the Agreement provides that the CDC's Executive Director
may extend the Negotiation Period for up to three hundred sixty five (365) days; and
WHEREAS, the CDC and Developer require more time to complete necessary due
diligence and to negotiate a Disposition and Development Agreement to accomplish the TOD
project:
THE PARTIES HEREBY AGREE TO THIS FIRST AMENDMENT TO THE
AGREEMENT AS FOLLOWS:
1. The Negotiation Period shall be extended to March 3, 2011.
2. This Amendment may be signed in counterpart.
IN WITNESS WHEREOF, the Parties have entered into this Amendment as of March 3, 2010.
COMMUNITY DEVELOPMENT
COMMISSION OF THE CITY OF
NATIONAL CITY, a public body,
corporate and politic:
By:
Braston, Executive Director
APPROVED AS TO FORM:
By:
DEVELOPER:
THE RELATED COMPANIES OF
CALIFORNIA, LLC, a California limited
liability company
By: The Nicholas Company, Inc.,
By:
A Delaware C
n, its manager
William A Witte, President
Page 1 of 2
4th Amendment to DDA
George Eiser, III — CDC Legal Counsel
By: COMMUNITY HOUSING WORKS, a
Califon' . non-profit public benefit corporation
B. Wilson, Senior Vice 'resident
Page 2 of 2
4th Amendment to DDA
OFFICE OF THE CITY CLERK
1243 National City Blvd.
National City, California 91950
Michael R. Dalla, CMC - City Clerk
619-336-4228 phone • 619-336-4229 fax
RELATED COMPANIES OF CALIFORNIA &
COMMUNITY HOUSING WORKS
Amendment #1
Exclusive Negotiation Agreement
On Affordable Housing
Denise Davis (CDC) Forwarded
Copy of Amendment to Developer