SUBJECT:
Title
Request Approval of Second Amendment to the Marion County Standard Professional Service Agreement Acquisition and Rehabilitation of Rental Housing Project with S & A Allen SR 200, LLC (Budget Impact - None)
Body
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INITIATOR: |
DEPARTMENT: |
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Cheryl Butler, Director |
Community Services |
DESCRIPTION/BACKGROUND:
On June 18, 2024, the Board approved an agreement with S & A Allen SR 200, LLC in the amount of $1,200,000 to acquire and rehabilitate eight (8) rental units located at 3220 SW 26th Street, Ocala, FL 34474.
This amendment seeks to modify the original agreement by extending the expiration date to August 31, 2026. This extension is necessary due to unforeseen delays regarding tenant’s ability to vacate units and construction delays.
All other terms and conditions of the original agreement remain in effect, including S & A Allen SR 200, LLC’s obligation to rehabilitate each unit to satisfy required repairs, maintain affordability guidelines, and meet income eligibility requirements.
BUDGET/IMPACT:
None
RECOMMENDED ACTION:
Recommended action
Motion to approve and authorize the Chairman and Clerk to execute all necessary documentation associated with this agreement with S & A Allen SR 200, LLC and authorize the Community Services Director to extend the term of the agreement if necessary.
end