SUBJECT:
Title
Request Approval of First Amendment of Marion County Standard Professional Service Agreement Acquisition and Rehabilitation of Rental Housing Project Between S & A Allen S.S. Blvd, LLC and Marion County (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 S.S. Blvd, LLC in the amount of $1,350,000 to acquire and rehabilitate nine (9) rental units located at 3421 NE 10th Street Ocala, FL 34470. Five (5) of the rental units will serve 50% Area Median Income (AMI) households, and four (4) units will serve 80% AMI households.
This Amendment seeks to modify the original Agreement by extending the expiration date by 90 days to November 18, 2025. This extension is necessary due to unforeseen delays regarding tenant’s ability to vacate units.
All other terms and conditions of the original agreement remain in effect, including S & A Allen S.S. Blvd, 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 Marion County Standard Professional Services Agreement between Marion County and S & A Allen S.S. Blvd, LLC.
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