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25-098.01SpokaneHousingAuthorityCHIPGrantAssignment&Assumption CONTRACT AMENDMENT TO THE AGREEMENT BETWEEN THE CITY OF SPOKANE VALLEY AND SPOKANE HOUSING AUTHORITY Spokane Valley Contract #25-098.01 For good and valuable consideration, the legal sufficiency of which is hereby acknowledged, City of Spokane Valley,a code city of the State of Washington("Assignor"),and the Spokane Housing Authority, a public body corporate and politic of the state of Washington, located in Spokane County, Washington ("Assignee"), individually hereafter referenced as "Party", and together as "Parties", mutually agree as follows: 1.Purpose:This Amendment is for the Contract Assignment&Assumption for the Connecting Housing to Infrastructure Program Grant to support the development of affordable housing,by and between the Parties, executed by the Parties on May 16, 2025, and which terminates in accordance with the terms of the Washington State Department of Commerce CHIP Contract number 24-96722-027 ("CHIP Contract"). Said Contract Assignment&Assumption is referred to as the"Original Contract"and its terms are hereby incorporated by reference. 2. Background: the Washington State Department of Commerce ("Commerce") awarded the Assignor a CHIP Grant to support the development of affordable housing. The CHIP Contract entered into by Assignor and Commerce was originally for$1,000,000.00 to support the Project described in the Original Contract. Commerce contacted the City on June 3,2025 to confirm that they intend to award an additional$93,310.60 to the Assignor for purposes of carrying out the Project as described in the Original Contract. Commerce requires Assignor to execute an agreement or amendment to accept the additional funds. Assignor is a pass- through entity for purposes of the CHIP Grant and per the Original Agreement,Assignor assigned its rights, responsibilities and interest in the CHIP Contract to Assignee. In order for Assignee to utilize the additional funds for its Project,Assignee is expressly authorizing the Assignor to enter into any such agreements or amendments to the CHIP Contract with Commerce as may be necessary to make the additional funds available for its Project. 2.Original Contract Provisions:The Parties agree to continue to abide by those terms and conditions of the Original Contract and any amendments thereto which are not specifically modified by this Amendment. 3. Amendment Provisions: The Original Contract is subject to the following amended provisions, which are either as follows. All such amended provisions are hereby incorporated by reference herein and shall control over any conflicting provisions of the Original Contract, including any previous amendments thereto. For the purposes of receiving an additional award of$93,310.60 of CHIP Grant dollars,Assignee expressly authorizes the Assignor to execute any such agreements or amendments to the CHIP Contract with Commerce as may be nececsary to make the additional funds available for Assignee's Project. Assignee and Assignor expressly agree that the additional funding is conditioned on the terms of the Original Contract,and consistent therewith any reimbursement of the funds shall be subject to the approval of Commerce. No funds shall be paid from Assignor to Assignee unless and until Commerce sends payment to Assignor for authorized reimbursement requests for the Project. 1 4. Compensation Amendment History: This is Amendment #1 of the Original Contract. The history of amendments to the compensation on the Original Contract and all amendments is as follows: Date Available CHIP Grant Funds Original Contract May 16,2025 $1,000,000.00 Amendment#1 to be executed $93,310.60 Total Amended CHIP Grant Funds S1,093,310.60 The parties have executed this Amendment to the Original Contract this (,T`-1 day of June, 2025. ASSIGNOR: ASSIGNEE: J Hohman By: Lori H.McGowan City Manager Its: Deputy Executive Director APPROVED AS TO FORM: Off of the City Attorney 2 Contract Amendment 25-098.01 Final Audit Report 2025-06-04 Created: 2025-06-04 By: John Chatbum Qchatbum@spokanehousing.org) Status: Signed Transaction ID: CBJCHBCAABAA_OKRhBio2rW-OetJmoHLJFcdNZyrpGvO "Contract Amendment 25-098.01 " History t Document created by John Chatburn (jhatburn@spokanehousing.org) 2025-06-04-9:46:18 PM GMT Document emailed to Lori McGowan (Imcgowan@spokanehousing.org)for signature 2025-06-04-9:46:37 PM GMT Email viewed by Lori McGowan (Imcgowan@spokanehousing.org) 2025-06-04-9:48:34 PM GMT Document e-signed by Lori McGowan (Imcgowan@spokanehousing.org) Signature Date:2025-06-04-9:49:29 PM GMT-Time Source:server +Q Agreement completed. 2025-06-04-9:49:29 PM GMT el Adobe Acrobat Sign