Subrecipient Agreement with NHS Lending for CDBG 1st AddedumFIR5T ADDENDUM to
SUBRECIPIENT AGREEMENT BETWEEN CITY OF MERIDIAN
AND NHS LENDING, INC.
FOR PY 2011 COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS
This FIRST ADDENDUM to SUBRECIPIENT AGREEMENT BETWEEN CITY OF
MERIDIAN AND NHS LENDING, INC. FOR PY 2011 COMMUN~~FV~LOPMENT BLOCK
GRANT FUNDS ("First Addendum") is made this ' r'"" day of ,'2~j12 by and between the
City of Meridian, a municipal corporation organized under the laws of the State of Idaho ("City") and
NHS Lending, Inc., a nonprofit organization organized under the laws of the state of Idaho
("Subrecipient").
WHEREAS, on or November 30, 2011, Subrecipient and City entered into a Subrecipient
Agreement for PY2011 Community Development Block Grant Funds ("November 3Q, 2011 Agreement")
establishing rights and responsibilities regarding the investment of Community Development Block Grant
("CDBG") funds in Subrecipient's programming;
WHEREAS, Subrecipient requires additional time to complete such programming;
NOW, THEREFORE, in consideration of the mutual covenants of the parties, the Parties agree
as follows:
I. AMENDMENT. Section I(F) of the November 30, 2011 Agreement between the parties shall be
amended to read as follows:
Time of performance. Services of Subrecipient shall start on or before December 6, 2011 and end on
December 14, 2012. The term of this Agreement and the provisions herein shall be extended to weer
any additional time period during which Subrecipient remains in control of CDBG funds or other
CDBG assets, including program income.
IL ALL OTHER PROVISIONS IN EFFECT. Except aS expreSSly mOdl$ed by thls Fiist Addendum Or Other
duly executed addenda, all provisions of the November 30, 2011 Agreement shall remain in full force
and effect. No other understanding, whether oral or written, shall be deemed to enlarge, limit or
otherwise affect the operation of the November 30, 2011 Agreement or this First Addendum thereto.
IN WITNESS WHEREOF, the parties shall cause this First Addendum to be executed by their
duly authorized officers to be effective as of the day and year first above written.
SUBRECIPIENT:
NHS Lending, Inc.
By: Joe Swenson, CEO
CITY OF
ApCLy~
I
1 City of
BY: ~ "~ ^' E. IDIAN
Tammy d erd ~oAxa c olman
W
Mayor °~,, S ,-` ity Clerk
~6B'~ ~E a THE ~`'~@~i