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HomeMy WebLinkAboutANR INDUSTRIES, INC. (3)-2014�V V A- 2010 - 047 -01 MODIFICATION TO NEIGHBORHOOD STABILIZATION PROGRAM GRANT SERVICES AGREEMENT THIS MODIFICATION, effective as of the Ist day of February, 2014, by and between ANR Homes, Inc., a California corporation ( "Developer ") and the City of Santa Ana, a charter city and municipal corporation duly organized and existing Linder the Constitution and laws of the State of California ( "City "). RECITALS A. The City and Developer entered into that certain Neighborhood Stabilization Program Grant Services Agreement (Agreement A# 2010 -047), hereinafter referred to as "said Agreement ". B. The parties hereto now desire to modify the Termination clause of said Agreement. WHEREFORE, in consideration of the mutual and respective covenants and promises hereinafter contained and made, and subject to all of the terms and conditions of said Agreement as hereby modified, the parties hereto do hereby agree as follows: 1. Section 805. "Termination" is hereby removed completely and replaced with the following wording: "This Agreement shall terminate upon mutual agreement of the parties, failure to cure a material breach after notice and time to cure, or expenditure of all NSP related funds." 2. Except as hereinabove modified, the terms and conditions of said Agreement remain unchanged and in full force and effect. IN WITNESS WHEREOF, the parties hereto have executed this Modification effective as of the date and year first above written. APPROVED AS TO FORM: BY: �� Z Lisa E. Storck Assistant City Attorney DEVELOPER CONSENT: ANR Santa Ana NSP, LLC George Jokhn, VTe President CITY OF SANTA ANA BY: David Cavazos City Manager ATTEST: `7) ivtA- :I'kA- Mari Huizar, Clerk oft Council