Subrecipient Agreement with NHS Lending, Inc. for CDBG FundsFIRST ADDENDUM to
SUBRECIPIENT AGREEMENT BETWEEN CITY OF MERIDIAN
AND NHS LENDING, INC.
FOR PY 2012 COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS
This FIRST ADDENDUM to SUBRECIPIENT AGREEMENT BETWEEN CITY OF
MERIDIAN AND NHS LENDING, INC. FOR PY 2012 COMMUNITY DEVELOPMENT BLOCK
GRANT FUNDS ("First Addendum") is made this 28th day of January, 2014 by and between the
City of Meridian, a municipal corporation organized under the laws of the ate of Idaho ("City") and
NHS Lending, Inc., a nonprofit organization organized under the laws of the state of Idaho
("Subrecipient").
WHEREAS, on January 22, 2013, Subrecipient and City entered into a Subrecipient Agreement
for PY2012 Community Development Block Grant Funds ("January 22, 2013 Agreement") establishing
rights and responsibilities regarding ththe 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 January 22, 2013 Agreement between the parties shall be amended
to read as follows:
Time of performance. Services of Subrecipient shall start on or before December 31, 2012 and end
on July 31, 2014. The term of this Agreement and the provisions herein shall be extended to cover any
additional time period during which Subrecipient remains in control of CDBG funds or other CDBG
assets, including program income.
II. ALL OTHER PROVISIONS IN EFFECT. Except as expressly modified by this First Addendum or other
duly executed addenda, all provisions of the January 22, 2013 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 January 22, 2013 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
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CITY OF MERIDIAN:
BY: ~~,~t,.
Tammy de W
Mayor
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