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HomeMy WebLinkAboutStaff Report 148-06of PMo Alto TO: FROM: HONORABLE CITY COUNCIL CITY MANAGER DEPARTMENT: PLANNING AND COMMUNITY ENVIRONMENT DATE: SUBJECT: MARCH 6, 2006 CMR: 148:06 ALMA GARDEN APARTMENTS: 1) APPROVAL OF AN AMENDMENT TO THE 2005-2006 ANNUAL ACTION PLAN TO ALLOCATE $1,150,000 IN FUNDING FROM THE CDBG HOUSING DEVELOPMENT FUND AND FY 2006/07 CDBG GRANT ALLOCATION TO THE COMMUNITY WORKING GROUP FOR THE ACQUISITION OF THE EXISTING HOUSING UNITS LOCATED AT 2507-2533 ALMA STREET NEAR COLORADO AVENUE; 2) APPROVAL OF AN AGREEMENT IN THE AMOUNT OF $1,150,000 WITH THE COMMUNITY WORKING GROUP FOR THE ACQUISITON OF THE ALMA GARDEN APARTMENTS LOCATED AT 2507-2533 ALMA STREET; 3) ADOPTION OF A BUDGET AMENDMENT ORDINANCE TO TRANSFER $250,000 FROM THE CITY COMMERCIAL HOUSING FUND TO THE CDBG HOUSING DEVELOPMENT FUND RECOMMENDATION Staff recommends that the City Council: Approve and authorize the amendment to the 2005-2006 Annual Action Plan of the 2005-2010 Consolidated Plan. Approve and authorize the allocation of funds in the amount of $900,000 from the existing Community Deve!opment Block Grant (CDBG) housing development fund to the Community Working Group for the acquisition of the Alma Street Apartments located at _507-253z Alma Street. 2.Approve and authorize the allocation of $250,000 from the next fiscal year (2006/2007) CDBG grant allocation for the acquisition of the Alma Street Apartments. o Approve and authorize the City Manager or his designee to execute the attached agreement in the amount of $1,150,000 with the Community Working Group for the acquisition of the Alma Street Apartments. CMR: 148:06 Page 1 of 4 o Adopt the attached Budget Amendment Ordinance to transfer $250,000 from the City Commercial Housing fund to the CDBG housing development fund in order to carry out acquisition of the Alma Street Apartments. Authorize the City Manager to request $250,000 in fiscal year 2006/2007 CDBG funds from the Department of Housing and Urban Development in order to reimburse the City Commercial Housing Fund. BACKGROUND The City approved the 2005/2006 Annual Action Plan in May 2005. The action plan is an annual update that describes the eligible CDBG activities that the City intends to undertake in the coming fiscal year to address the needs and implement the strategies identified in the City’s 5-year Consolidated Plan. The 2005/2006 Annual Action Plan was approved by the Department of Housing and Urban Development (HUD) on July 14, 2005. The City is required to amend its Annual Action Plan when it plans to undertake an activity not previously identified in the plan. The City is proposing to allocate funds for the acquisition of an affordable housing site that was not previously identified in the 2005-2006 Annual Action Plan; therefore, the plan will need to be amended. The draft amended 2005-2006 Annual Action Plan was available for public review and comment from February 1 to March 3, 2006. HUD allocates CDBG funds annually and imposes many regulations on the expenditure of those funds. The City maintains a housing development fund that is funded annually with CDBG funds for the creation of more affordable housing. Because of the high cost of property in the City and the limited CDBG funding the City receives, it has been difficult to use the funds annually for a project. Contributions to the CDBG housing fund have consequently accumulated to the current fund balance of approximately $900,000. HUD requires that the City expend funds in a timely manner or else risk a permanent funding reduction. In order to meet the timeliness requirement, the City must expend the existing funds in the CDBG housing development fund by April 30. Last October, the City issued a special request for proposals (RFP) for the acquisition of an affordable housing site to be funded through the CDBG housing development fund. The RFP also included a request for applications for the fiscal year 2006/2007 CDBG grant allocation. DISCUSSION The City received two funding applications in response to the RFP for the acquisition of an affordable housing site. One application was received from Senior Housing Solutions (SHS) for the acquisition of a single-family home which would be converted into a group home for five low-income senior citizens. SHS requested $900,000 from the City for its project with the total project cost estimated at $1,056,650 with the additional funding coming from the Housing Trust of Santa Clara County and the Peninsula Community Foundation. SHS has not at this time identified a specific property for acquisition. CMR: 148:06 Page 2 of 4 The second application was received from the Community Working Group (CWG) for the acquisition of a 10-unit apartment complex located at 2507-2533 Alma Street. The complex consists of eight studio apartments and two one-bedroom apartments which will be able to accommodate approximately twelve people. The total cost of the acquisition is estimated to be $1,788,663. CWG requested $1,150,000 from the City and plans on obtaining the balance through a conventional bank mortgage. Staff recommends that CWG be allocated the requested $1,150,000 for its project. CWG has secured the site through a purchase agreement with the property owners and can obtain the balance of the funds for the acquisition in a timely manner. In contrast, SHS has not yet identified a project site, and staff questions if an appropriate property can be obtained and retrofitted to accommodate five individuals with the available funding. SHS has very little cash on hand to contribute toward the project. Finally, the SHS project will provide only five units of affordable housing. Staff met with the CDBG Citizens Advisory Committee (CAC) on January 12, 2006 to discuss both applications, and the CAC concurred with staff’s recommendations. Staff recommends that CWG be allocated $900,000 from the CDBG housing development fund and the remaining $250,000 from the fiscal year 2006/2007 CDBG allocation. The $250,000 allocation will initially be funded from the City Commercial Housing Fund via a transfer to the CDBG Fund. The City Commercial Housing Fund will then be reimbursed with fiscal year 2006/2007 CDBG funds when they are available. RESOURCE IMPACT $900,000 of the funds that will be allocated to the Community Working Group will come from previously allocated funds from the CDBG housing development fund and $250,000 will come from the City’s future CDBG allocation. The initial disbursement of $250,000 will come from the City Commercial Housing fund which will be reimbursed by the CDBG program when funds become available in fiscal year 2006/2007. The cost of the agreement will be funded with federal CDBG funds provided through the U.S. Department of Housing and Urban Development (HUD). POLICY IMPLICATION The recommendation in this staff report is consistent with HUD policies and does not represent any change to City policies. PREPARED BY: Eloiza Murillo-Garcia Associate Planner-CDBG APPROVED BY: Director of Planning and Community Environment CMR: 148:06 Page 3 of 4 CITY MANAGER APPROVAL: [SON Assistant City Manager ATTACHMENTS A - Draft Amended 2005-2006 Annual Action Plan B - Budget Amendment Ordinance C - Agreement between the City of Palo Alto and the Community Working Group for the Acquisition of the Alma Street Apartments located at 2507-2533 Alma Street COURTESY COPIES Community Working Group Senior Housing Solutions CDBG Citizens Advisory Committee CMR: 148:06 Page 4 of 4 ATTACHMENT A CITY OF PALO ALTO Housing and Community Development DRAFT AMENDED 2005/2006 ACTION PLAN Annual Update of the City’s Consolidated Plan for the Period July 1, 2005 to June 30, 2010 Public Review Period February 1, 2006 -March 3, 2006 Prepared by Department of Planning & Community Environment 250 Hamilton Avenue Palo Alto, California 94301 Steve Emslie, Director For Information, Please Contact: Eloiza Muri!lo-Garcia, Associate Planner, CDBG Planning Division, City of Palo Alto (650) 329-2428 Background and Introduction This one year Action Plan describes the eligible activities that the City intends to undertake in fiscal year 2005/06 to address the needs and implement the strategies identified in the City’s Consolidated Plan for the period July 1, 2005 to June 30, 2010. It describes the activities that the City will fund with Community Development Block Grant (CDBG) funds in fiscal year 2005/06 to address priority housing and non-housing community development needs and to affirmatively further fair housing choice. It serves as the City’s application for federal funds under the Department of Housing and Urban Development (HUD) formula grant programs. Citizen Participation The City of Palo Alto has an adopted Citizen Participation Plan that provides for a nine-member CDBG Citizens Advisory Committee (CAC). The CAC process encourages public participation in the CDBG allocation and evaluation review process. Fiscal year 2005-2006 is the first year of a two-year funding cycle. The CAC met on January 20 and 25, February 3, 8, 15, 22 and March 3 and 24, 2005 to review and evaluate the applications, interview the applicant agencies, review the Consolidated Plan priorities, and make funding recommendations on the applications submitted for 2005/06 CDBG funding and preliminary recommendations for applications submitted for 2006/07 CDBG funding. In addition, the CAC met for a special meeting on February 4, 2005 to tour some of the agencies that submitted funding applications. The City made the draft amended Action Plan available for public review from February 1 to March 3, 2006. A public hearing on the amended Action Plan was held before the City Council on March 6, 2006. RESOURCES AVAILABLE The City of Palo Alto encourages local non-profit housing and public service agencies to pursue all available public and private funding sources in order to achieve the goals of the Consolidated Plan. Most projects and activities secure funding from a variety of sources including private donations, charitable foundations, and church and community fundraising to leverage federal, state and local funding. Federal Resources Community Development Block Grant (CDBG) Funds The City receives CDBG funds as an entitlement grant through the U.S. Department of Housing and Urban Development (HUD). In fiscal year 2005/06, the City will allocate $915,639 in CDBG funds to eligible activities that address the needs identified in the Consolidated Plan. The amount of the City’s 2005/06 CDBG entitlement grant from HUD is estimated to be $779,281, estimated program income is $45,000 and reallocated funds total $62,570. Program income is income directly generated from the use of CDBG funds that is returned to the CDBG program and reallocated to new activities. Estimated FY 2005/06 CDBG Entitlement Grant $779,281 Program Income: Estimated Program Income 2005/06 (HIP) Estimated Program Income 2005/06 (PAHC) Excess Prior Year Program Income Reallocated Funds: Miscellaneous Reallocations TOTAL ALLOCATION 35,000 10,000 28,788 62.570 $915,639 Loan repayments from the City’s former Housing Improvement Program (HIP) single-family rehabilitation loan program are estimated to be $35,000 for next year. Income from the Palo Alto Housing Corporation (PAHC) is also estimated to be $10,000 for next year. PAHC funds are collected when rental income exceeds expenses on properties acquired or rehabilitated with CDBG funds. Prior year program income funds are funds received in prior years that were in excess of the estimated program income amounts, and were not previously allocated to projects. Fiscal Year 2006-2007 Pre-Award The City will be awarding pre-award costs in the amount of $250,000 to the Community Working Group (CWG) for the acquisition of an affordable housing site from the fiscal year 2006/2007 CDBG grant allocation. The City received an application for the acquisition of an existing housing complex consisting of 10 units to be made available to low and very-low income residents from the CWG. The project is described in more detail under 2005/2006 Pro_iects and Activities to be Undertaken. The City solicited applications because they had amassed approximately $900,000 in the CDBG housing development fund over the past several years for the acquisition of an affordable housing site. CWG requested a total of $1,150,000 from the City and the City decided to allocate a pre-award of $250,000 to the Community Working Group. The $250,000 will be funded by the City Commercial Housing Development fund and will then be reimbursed with fiscal year 2006-2007 CDBG funds when they become available. HOME Program The City of Palo Alto is not an entitlement grantee under the federal HOME program and thus does not receive a direct grant of HOME Program funds from HUD. The only way to access HOME funds for housing projects located within the City of Palo Alto is for the City, or eligible nonprofit organizations to apply to the State of California for the funds in an annual competition. Due to excessive demand for the State’s HOME allocation, and rating criteria that does not favor areas like Palo Alto, it is difficult to secure an award. In the past, the State has limited the maximum HOME award per project to one million dollars. When a Notice of Funding Availability (NOFA) is published, the City evaluates all potentially suitable projects to determine whether or not to apply for a HOME grant. 2 State, Local and Other Resources Ci_ty Affordable Housing Fund (formerly the Housing Reserve) The Affordable Housing Fund is a local housing trust fund established by the City Council to provide financial assistance for the development, acquisition and rehabilitation of housing affordable to extremely low, very low, low and moderate-income households. The Affordable Housing Fund is the umbrella name for five distinct sub-funds for affordable housing. The two primary local housing trust funds were formerly known as the Housing Reserve Fund, but on October 27, 2003, the City Council approved new guidelines for all of the City’s affordable housing funds including the ones composed of federal housing monies; the funds were renamed as part of those changes. The Affordable Housing Fund is now composed of: Commercial Housing Fund - this fund is used primarily to increase the number of new affordable housing units for Palo Alto’s work force. It is funded with mitigation fees required from developers of commercial and industrial projects. As of April 30, 2005, the Commercial Fund had an available balance of approximately $1,900,000. Residential Housing Fund - this fund can be used for acquisition, rehabilitation, new construction and predevelopment of low-income housing. It is funded with mitigation fees provided under Palo Alto’s Below Market Rate (BMR) housing program from residential developers, and money from other miscellaneous sources, such as proceeds from the sale or lease of City property. It is also used to pay for administration and consultant contracts necessary to carry out the BMR program. As of April 30, 2005, the Residential Fund had an available balance of approximately $750,000. CDBG Housing Fund - The purpose of the CDBG Housing Fund is to have funds available on an ongoing basis to utilize when necessary to facilitate the development, rehabilitation and preservation of low- income housing. Housing development opportunities, especially opportunities to acquire land for new housing construction, may come up at any time throughout the year and, due to the nature of the real estate market; a quick response is frequently necessary. CDBG Housing Funds may be used to pay for costs associated with the investigation of the feasibility of sites or properties for potential acquisition by the City, or nonprofit organizations, for affordable housing. These costs usually need to be paid prior to a project being officially created in the budget. Typically these costs are for appraisals, environmental studies and soil testing, title reports and conceptual design studies. The CDBG Housing fund has amassed a balance of approximately $900,000 from the allocation of funds over the past several years. The City issued a special RFP on October 31, 2005 to allocate the funds for the acquisition of an affordable housing project. HOME Program Income Fund - the City has only one HOME funded project, the Barker Hotel Single Room Occupancy. This project was funded in part with a $1 million 1992 HOME grant from the State. The City’s funding is in the form a long-term, deferred loan and there has not been any program income from that loan. Below Market Rate (BMR) Emergency Fund - This fund was authorized by Council in September 2002 in order to provide funding on an ongoing basis for loans to BMR owners for special assessment loans and for rehabilitation and preservation of the City’s stock of BMR ownership units. The actual process for initiating an application for City Affordable Housing Funds will vary depending on the particular circumstances. Usually, a nonprofit sponsor will apply to the Department of Planning and Community Environment for housing subsidy funds when they are in negotiation for a particular site. At other times, the City may issue a Request for Proposals once it has secured or identified a potential housing site. The Planning Department will present recommendations for each project together with a proposed funding package to the City Council for approval. In almost all cases, funds will be provided as a loan secured by the property. The repayment terms and interest rate have to be tailored to the particular project since affordable housing typically is financed from multiple sources with specific requirements. Housing Trust of Santa Clara County (HTSCC) The HTSCC is a public/private initiative, dedicated to creating more affordable housing in Santa Clara County, using a revolving loan fund and grant-making program to complement and leverage other housing resources. The City of Palo Alto contributed $500,000 toward the initial $20 million investment capitalization and provided an additional commitment of $150,000 to be expended over fiscal years 2004-05 and 2005-06. The City’s contribution will be used exclusively for qualifying affordable housing projects located within the City. Multifamil¥ Housing Program (MHP) The Multifamily Housing Program (MHP) is a relatively new source of funding for affordable housing as a result of the passage of Proposition 46 in November 2002. The purpose of this program is to provide low-interest loans to developers of affordable housing. The MHP General funds may be used for multifamily rental and transitional housing projects involving new construction, rehabilitation, or conversion of nonresidential structures. MHP Supportive Housing funds may be used for multifamily rental housing projects involving new construction, rehabilitation, acquisition and rehabilitation, or conversion of nonresidential structures for permanent rental housing only. Palo Alto Housing Corporation and Community Working Group/Housing Authority of Santa Clara County (Opportunity Center) applied for and received funds since the inception of the program. Multifamil¥ Housina Program (MHP) Local Housing Trust Funds Another component of Proposition 46, the housing bond approved by voters in November 2002, is funding for new and existing local housing trust funds. A local housing trust fund is a public or private partnership created to receive on-going revenues for affordable housing production. Local revenues supporting the fund can include commercial impact fees, ongoing fundraising, or local taxes such as Transient Occupancy Tax, as well as local government’s general funds. The City of Palo Alto applied for and received an award of $1,000,000 in February 2004. The City’s $1,000,000 award will be used to help subsidize a future rental housing project, either new 4 construction or acquisition and rehabilitation, to be determined in the next two years by the City Council. Santa Clara County Affordable Housing.Fund (AHF) The Santa Clara County Board of Supervisors created the Office of Affordable Housing in July 2002 and established a set-aside of $18.6 million for projects. One of the objectives for this fund is to leverage funding to affordable housing projects. The Community Working Group (Opportunity Center) received one of five awards in the first round of funding STATE, LOCAL, PUBLIC AND PRIVATE RESOURCES FOR AFFORDABLE HOUSING Activity .....Rehab X X X Home New Buyer Rental Homeless Construction Assistance Assistance Assistance X X X x X X X X X X X X X Acquisition STATE, LOCAL, and PUBLIC Commercial Housing Fund ....Residential Housing X Fund State MHP X City Owned Land MCC Program Housing Bond Trust X Housing TruSt of X Santa Clara County Santa Clara County X Housing Authority - Section 8 County Department of Social Services Santa clara County X Affordable Housing Fund PRIVATE RESOURCES BMR Rental & ,Owner ProgramPrivate Lenders: AHP X Nonprofit D~velopers ....X Private Foundations and Churches X Homeless Prevention X X Leveraging and Matching Requirements The City of Palo Alto will leverage federal and private housing funds to the greatest extent feasible consistent with the goals identified. The City will encourage housing project sponsors to seek private financing and private grants, and to fully utilize other state and federal housing development subsidies such as the low-income housing tax credit program. The City will also utilize its local Affordable Housing Fund, as appropriate, to leverage federal and private housing funds and to provide any required matching funds. Where eligible, CDBG Housing Funds could be used as a portion of the matching requirement for federal housing programs. Geographic Distribution The Map attached to this report shows the location of all the proposed activities for fiscal year 2005/06. The City considers the provision of all types of housing assistance on a citywide basis consistent with the policies of the Comprehensive Plan. The City does not have specific target areas for housing activities, but attempts to provide housing affordable to lower-income persons throughout the City. There are only a few areas that are considered to have a concentration of minority populations or low-income residents in Palo Alto. There are three census tracts in Palo Alto that have a concentration of Asian populations, primarily in the northern part of the City and there are also four Census tracts in the northwestern portion of the City that have a concentration of lower income households. In addition, Census tract 5107 in the Olive-West Meadow/Ventura area is an area of considerably greater population and housing diversity than that which is found in most parts of Palo Alto. The 2000 census identified this tract as having the highest minority concentration of any non-split City tract. More than half the housing units are in multiple-unit (3+) structures, and nearly two-thirds are renter-occupied. Block Group 2 has a large proportion of modest rental housing, a relatively high proportion of minority and ethnic groups, and 48.6% of the households are below the CDBG income eligibility limits. The entire tract is above HUD’s first quartile threshold of 27.4 percent for area benefit activities. Specific efforts have been coordinated in the City’s Community Service and Police Departments to focus on activities and services in the Ventura neighborhood. A number of City-sponsored programs and activities serving low- and very low-income persons have either been undertaken or proposed. A police substation was opened in the area with the goal of improving contact with the community. Changes to Strategy HUD has informed the City of Palo Alto of a change of policy relating to the timely expenditure of CDBG funds. The federal regulatory standard is that no more than 1.5 times a jurisdiction’s annual entitlement grant amount may remain in its letter of credit 60 days prior to the end of the program year. HUD now intends to employ monetary sanctions against jurisdictions that exceed the regulatory standard. Failure to meet the expenditure standard by May 1, 2006 will cause HUD to reduce the City’s next grant by 100% of the amount in excess of 1.5 times the annual grant. For this reason, all funding allocations for 2005/06 were scrutinized to insure the readiness of the program or project to move forward and expend funds in a timely manner. This stricter enforcement of the expenditure standard will increase the difficulty in providing funds for affordable housing since housing projects involving new construction or acquisition of apartments typically take more time and planning and are subject to more delays than other capital projects. It may create situations where lower priority activities will be undertaken instead of higher priority activities simply because they are easier to accomplish and ready to proceed. The City Council approved the change to a two-year CDBG funding cycle beginning with the 2003/04 fiscal year and this is reflected in the amendment of the Citizen Participation Plan adopted by the City Council in December 2002. Many cities in the Bay Area have adopted extended CDBG funding cycles and find them to be an effective tool to streamline "process" and provide administrative relief to both city and non-profit staff. Palo Alto’s Human Services Division adopted a two-year funding cycle for the Human Resource Allocation Process (HSRAP) in fiscal years 2001/02 and 2002/03. Their experience has been positive and they continued the two-year funding cycle for the period 2005/06 through 2006/07. Coordination of the CDBG and HSRAP funding processes is essential to the effective delivery of local human service funding. Collaboration between the non-profit agencies and the City’s funding sources avoids confusion, duplication of effort, and ensures that the highest identified community needs are met. The two-year process provides the opportunity for City and non- profit staff to undertake longer-term strategic planning and to maximize available funding resources. 2005/2006 PROJECTS AND ACTIVITIES TO BE UNDERTAKEN All of the projects and activities to be undertaken with the 2005/2006 CDBG cycle funding allocation address the priority housing and community development needs identified in the Consolidated Plan. The attached Part III "°Proposed Projects" describes on the required HUD forms each project or service activity, the 2005/06 funds allocated, the expected project beneficiaries, and the HUD national objective. Housing Activities The City of Palo Alto’s Consolidated Plan and Housing Element both emphasize the great need for affordable housing for low and very low-income households in Palo Alto. While all types of housing are needed in the City, the Consolidated Plan focuses on the creation and preservation of rental housing with an emphasis on housing for very low- and low-income persons especially 7 those who are homeless, at-risk of becoming homeless, those with special needs, and families with children. City of Palo Alto Housing Strategy The Consolidated Plan proposes a five-year strategy to develop 125 newly constructed rental units over the 2005-2010 planning period. The 125 units would be affordable to households in the very low- or low-income categories and would meet a portion of the housing production goals mandated by the Association of Bay Area Governrnents (ABAG). For this fiscal year, the Palo Alto City Council adopted the creation of new affordable rental housing as one of their top five priorities. The City has made significant progress in meeting the goal of 125 newly constructed rental units as part of the 2000-2005 Consolidated Plan strategy. The Community Working Group (CWG) is the sponsor and joint developer (with the Housing Authority of Santa Clara County) of the Opportunity Center for homeless individuals and families. The Opportunity Center will provide emergency and day services for the homeless and at-risk population including showers, laundry, lockers, clothing Closet, food, information and referral, social services and case management. Above the ground floor services center, 89 units of transitional and permanent housing for singles and families will be constructed. The Housing Authority of the County of Santa Clara will act as the developer of the housing and InnVision (an experienced shelter and service provider) will be the operator of the service center. This mixed-use facility will house existing homeless and emergency services that are now being provided in inadequate and scattered locations in Palo Alto and the surrounding area. The Opportunity Center is currently under construction and the grand opening for the Center is projected for the spring of 2006. In addition, the City assisted the Palo Alto Housing Corporation with the development of Oak Court, a 53-unit rental housing project affordable to very low and low-income households. The project became available for occupancy in the spring of 2005. CDBG Housing Development Fund - $401,816 The City is proposing to acquire an affordable housing site, using a combination of City general funds as well as CDBG funds. The site of the future project has not yet been identified but since an acre of land in Palo Alto typically costs $3 to $5 million an acre, it is anticipated that a commitment of all of the City’s Housing funds together with CDBG funds would be needed to secure a site. The City Real Estate department is currently evaluating the feasibility of a site. The CDBG funds allocated would assist with the acquisition of the site. Due to the lengthy process of site analysis and negotiation for purchase, and HUD’s new requirements for timely expenditure of funds, the City will evaluate the progress in acquiring the site on September 15, 2005. If significant progress has not been made by this date, the funds will be reallocated to other projects. The City issued a special Request for Proposals (RFP) for the acquisition of a housing site in order to allocate the funds that were available in this fund. The project that was selected to be funded through the CDBG housing development fund will be undertaken by the Community Working Group and is described below. Community Working Group (CWG).- $1,150,000 This project is for the acquisition of an affordable housing site located at 2507-2533 Alma Street in Palo Alto. The site consists of a 10-unit apartment complex, with 8 studio units and 2 one- bedroom units. The project will be operated on a non-profit basis as housing for low-income ad very-low-income residents of Palo Alto. CWG hopes to redevelop the project at a higher density in the future, while still maintaining its level of affordability. The acquisition of existing multi- family rental housing is a high priority in the Consolidated Plan. Community.Housing INF., (Lytton Gardens) - $86,575 Community Housing Inc. owns and operates several senior housing facilities in Palo Alto. This proposal is to renovate 27 bathrooms in its skilled nursing facility. The bathrooms are outdated and are difficult to use by the frail elderly. This project will be undertaken by Economic and Social Opportunities, who will ensure that the project is in compliance with ADA regulations. Emergency Housing Consortium (Our House Youth Program) - $75,000 Emergency Housing Consortium provides a variety of services for homeless individuals and families. One component of EHC’s services is the Our House Youth program, which provides shelter and transitional housing to homeless youth. EHC is proposing an expansion that will involve relocation, rehabilitation and new construction. Upon completion, they will provide drop-in services, 10 beds of emergency shelter, 12 beds of transitional housing and 5 apartments for City Year/Americorps participants. Economic and Social Opportunities - Housing and Energy Services Program - $60,000 Economic and Social Opportunities (ESO) was established in 1970 and provides a variety of services to the County’s low income and needy community. ESO proposes to assist a minimum of 26 !ow-income Palo Alto individuals with home improvement services. These services are designed to identify and improve hazardous conditions in homes, improve accessibility and use for seniors and individuals with disabilities, improve energy efficiency and make necessary minor repairs in order to avoid more expensive solutions in the future. Proposed Public Service Activities CDBG public service funds will be targeted to the following programs in fiscal year 2005/06: $ 8,000 $23,000 $21,392 $21,000 $19,000 $24,000 $ 5,000 $ 6,000 to Emergency Housing Consortium - Emergency Shelter to Palo Alto Housing Corporation- SRO Tenant Counseling Program to InnVision/Clara-Mateo Alliance - Family Housing Program to InnVision!Clara-Mateo Alliance - Adult Singles/Couples Housing Program to Shelter Network - Mid-Peninsula Housing Program to InnVision/Urban Ministry - Drop-In Center to Mid-Peninsula Alano Club - MPAC Operations to Catholic Charities - Long-Term Care Ombudsman Program Human Services 9 In addition to the CDBG public service funds, the City will provide $1,214,910 from the General Fund in support of human services through its Human Service Resource Allocation Process (HSRAP). The HSRAP funds, in conjunction with the CDBG public service funds, are distributed to local non-profit agencies whose programs serve the needs of seniors, children, youth and families, persons with disabilities, and those who are homeless, or at risk of homelessness. A variety of supported programs provide mental and physical health care services, tenant/landlord mediation, subsidized child care, support for victims of domestic violence and rape, senior services, adolescent counseling, emergency food, nutritional services, and recreational activities. Services and Resources Targeted to Homeless Persons The following services for persons in the Palo Alto community who are very low-income, homeless, or at-risk of becoming homeless, are provided with supplemental funding from the City of Palo Alto either with CDBG or HSRAP funding. The goal of all the services listed is to prevent homelessness, help move people out of homelessness and to reduce the number of persons below the poverty line. Alliance for Community Care: Mental health outreach and service linkage for Palo Alto’s adult homeless population. A casework counselor works in the Palo Alto area to help low-income, disabled adults access existing mental health and other community resources. City of Palo Alto Seasonal Jobs Program: Designates several temporary, seasonal employment opportunities in various City of Palo Alto Departments, for persons who are homeless and unemployed. The program is targeted to individuals who are motivated to improve their situations and re-enter the work force. Clara-Mateo Alliance Shelter: Shelter and transitional housing with casework counseling and supportive services for homeless individuals, couples and families who are actively working toward achieving their goals and overcoming homelessness. Community Technology Alliance: Shelter hotline and voicemail services for homeless individuals and families. The voicemail service helps case-managed clients attain individual goals such as securing health care, housing or employment. A countywide housing information and referral website was developed and is maintained to assist service providers and housing seekers. Emergency Housin~ Consortium: Shelter and supportive services to homeless persons at the National Guard Armory in Sunnyvale, the San Jose Reception Center, and other transitional housing programs in Santa Clara County operated by the agency. Supportive services include meals, childcare, health care, information and referral, and job and life-skills training. Shelter Network - Mid-Peninsula Housing Program: Transitional housing with supportive services in for previously homeless families with children at Haven House and First Step for 10 Families transitional housing facilities. Also provides a shelter to serve single adults in Redwood City. La Comida de California: Provision of affordable, nutritious meals to Palo Alto’s elderly population at various locations throughout the City, including: Avenidas Senior Center, Stevenson House and Cubberley Community Center. Ma54ield Community Clinic: Basic primary health care services and health education and referral services to uninsured low-income and homeless individuals from the Palo Alto area. Palo Alto Housing Corporation - SRO Hotel Tenant Counseling: Counseling and case- management services for the low-income residents and prospective residents of single room occupancy hotels in Palo Alto including the Barker Hotel at 439 Emerson Street. Many SRO hotel residents have a history ofhomelessness and special needs. The program plays a vital role in helping the residents maintain their stability and housing. Second Harvest Food Bank: Distributes supplemental groceries and food services to very low- income seniors and people with disabilities through the Operation Brown Bag Program. Groceries are distributed weekly at the Ventura School site to income eligible participants. Support Network for Battered Women: Emergency shelter and supportive services for victims of domestic violence, primarily battered women and their children. Supportive services include food, transportation, counseling, and legal services. Victims often must deal with issues of homelessness in the context of a violent domestic situation. Urban Ministry of Palo Alto/InnVision: Services for very-low income or homeless persons including bagged groceries, hot meals, emergency shelter, information and referral, case- management and money management (payee) programs. The Urban Ministry staffs the outdoor morning drop-in center located behind the Red Cross building at 400 Mitchell Lane. Bagged groceries are distributed daily at the Downtown Food Closet located at 425 Hamilton Avenue in Palo Alto. The Urban Ministry has merged with InnVision, a very experienced provider of services, emergency shelter and transitional housing. Transition from Homelessness to Permanent Housing Shelter Plus Care (S + C): The S + C program is administered through the Office of the Santa Clara County Homeless Coordinator. It is a federal grant program that provides Section 8 rental assistance to participating landlords on behalf of eligible tenants for a period of up to five years. Extensive support services are a necessary and required component of the program that targets people who are homeless and disabled. There are 18 housing units available for S + C clients in Palo Alto. The Barker Hotel: The Barker is owned and operated by the Palo Alto Housing Corporation (PAHC), and has 25 units of permanent Single Room Occupancy (SRO) housing at rents affordable to persons with incomes between 30% and 50% of the median income. Rents range from $325 to $433 per month based on size and whether they have their own bathrooms. Five of 11 the Barker’s units are fully accessible by wheelchair users. Priority for occupancy is for persons who are homeless (either unsheltered or sheltered), persons with disabilities, and persons with extremely low-incomes. Eight of the units are available with tenant based Section 8 subsidies through the Shelter Plus Care program. Alma Place: Alma Place is located at 753 Alma Street in Palo Alto, and is also owned and operated by the Palo Alto Housing Corporation. The project, a 106-unit single room occupancy resident hotel, is affordable to low- and very low-income persons due to the layering of subsidies from City Housing Reserve funds, a private bank loan, an Affordable Housing Program (AHP) Grant, and an award of low-income housing tax credits. The studio apartments rent for $375 to $535 per month and are available to persons earning below 40% of the median income. Ten of the units are available with tenant based Section 8 rental subsidies through the Shelter Plus Care program. Haven Family House: Shelter Network of San Mateo County owns and operates this transitional housing facility for families with children located at 260 Van Buren Road in Menlo Park. Families reside in one and two bedroom apartments for two to four months depending on their individual case plans and situations. Comprehensive case management, support services, and on-site licensed childcare, plus one year of follow-up counseling are available to help families break the cycle of homelessness. First Step for Families: Shelter Network of San Mateo County owns and operates this transitional housing facility for families with children located at 325 Villa Terrace in San Mateo. This is a newly constructed facility that provides comprehensive case management, support services, and on-site licensed childcare. Analysis of Impediments to Fair Housing Choice The City of Palo Alto completed an Analysis of Impediments to Fair Housing Choice on February 6, 1996. That report identified a lack of housing options affordable to persons of low and moderate income as the major impediment to housing choice. Housing discrimination was also identified as an impediment, with cases based on familial status the most often reported. However, the number of cases of discrimination against persons with physical and mental disabilities has also been increasing. The City of Palo Alto joined with other Santa Clara County entitlement jurisdictions to undertake a countywide fair housing study that includes 2000 census data and was completed in January 2003. The study includes a demographic analysis, a lending analysis, a review of government programs and policies, a survey of Santa Clara residents and service organizations, an assessment of the delivery of fair housing services, and recommendations for new strategies. The information from the study was incorporated in the revisions to the Analysis of Impediments to Fair Housing Choice adopted by the City Council in May 2003. Palo Alto plans to undertake the following actions to foster and maintain affordable housing and to address housing discrimination during the 2005/06 fiscal year: 12 ,,/Provide tenant/landlord counseling and mediation services for Palo Alto residents through the Palo Alto Mediation Program (Project Sentinel). -/Support the Countywide website that lists subsidized housing opportunities, wait lists and vacancies. v/ Provide CDBG funding to the Housing Development Fund for the potential development of a new affordable housing site in Palo Alto. ¢" Continue to support the Human Relations Commission in their documentation and investigation of hate crimes, and in their support of diversity, disability, and affordable housing issues. ,/" Continue to monitor the provision of fair housing services to ensure that adequate services are being provided, and that services are provided cost effectively. -/ Work with the Santa Clara County CDBG entitlement cities in their effort to implement any recommended improvements to the delivery of services on a regional basis. ,/Provide funding to a fair housing provider, funded by and selected jointly by the cities of Palo Alto, Mountain View, and Sunnyvale to reduce discrimination in housing by: a. Investigating cases of housing discrimination b. Conducting consultations with persons who believe they have been discriminated against c.Maintaining a pool of trained testers for investigations and conducting training’s d.Maintaining a panel of attorneys for referral and coordinating meetings for participating attorneys e.Running ads in the Palo Alto Weekly, San Jose Mercury News, and other media outlets f.Distributing fair housing brochures g.Running public service announcements for local radio/TV broadcasts h.Making educational presentations to the community i.Monitoring and reporting on rental sites j.Showing educational videos on housing discrimination on local cable TV k.Organizing an event for National Fair Housing Month Amendments to Plan Prior to the submission of any substantial change in the proposed use of funds, citizens will be provided reasonable notice of, and the opportunity to comment on, any proposed Action Plan amendment(s). Urgent Need Activities In the event of a local, state or federal disaster declaration for areas within the boundaries of the City of Palo Alto, the City reserves the right to use CDBG or other available federal funds to abate immediate and necessary hazards. Such funds may be used for staff efforts, loans, or outright grants to affected parties, as approved by City Council and allowable under the pertinent Federal Guidelines. Monitoring of Activities 13 The City of Palo Alto follows the monitoring requirements for the use of Federal funds as directed by HUD. The City’s Department of Planning and Community Environment monitors its housing production goals and all the activities carried out to further the goals of the Consolidated Plan. For activities funded by CDBG and HOME programs, an annual performance report is completed based on HUD regulations and in accordance with HUD standards. The Consolidated Annual Performance and Evaluation Report (CAPER) is available to the Citizens Advisory Committee and the general public for comments during a 15-day review period. This report identifies the actual dollars expended, the beneficiaries served, and the program goals achieved. The City requires subrecipients of CDBG funds to submit semi-annual and annual performance reports outlining the extent to which program goals have been achieved, and the number of beneficiaries who have been served. Program perfornaance is measured against the specific program objectives outlined in the contract scope of services. Additionally, City staff will monitor each subrecipient, as necessary; to insure compliance with all regulations governing their administrative, financial, and programmatic operations, and to make sure the subrecipients achieve their performance objectives within the prescribed schedule and budget. Coordination The CDBG entitlement cities (Palo Alto, Sunnyvale, Mountain View, Santa Clara, Cupertino, Gilroy, Milpitas, San Jose), and the Urban County of Santa Clara continue to meet on a regular schedule to discuss issues of mutual concern and to share information and strategies for addressing affordable housing, homelessness, fair housing, and other issues of common concern. The meetings have helped the participants better understand the County and nonprofit social service structure within the County, and provide input into the development of the new Santa Clara County Office of Affordable Housing and its operations. The City of Palo Alto continues to collaborate with neighboring jurisdictions in both Santa Clara and San Mateo County on issues relating to homelessness in northern Santa Clara County and southern San Mateo County. The City actively participates in the Santa Clara County Housing and Homeless Collaborative. As a result of the Countywide Fair Housing Study, the cities of Palo Alto, Mountain View, and Sunnyvale are jointly selected fair housing services from a single provider to serve the three cities. In addition a Countywide Fair Housing Taskforce has been formed and includes representatives from entitlement jurisdictions, fair housing agencies, and other non-profit organizations. A staff person from the City of Palo Alto is the representative for the North County cities (Mountain View, Palo Alto and Sunnyvale). The Quality Housing and Work Responsibility Act of 1998 requires public housing authorities (PHA’s) to develop and implement five-year plans that describe their long range goals and a strategy for achieving the identified goals. These plans provide details about the PHA’s operations, program participants, programs and services. The PHA is required to ensure that their plan is consistent with any applicable Consolidated Plans for jurisdictions in which the PHA is located. This new requirement allows for some collaborative discussions on the role of 14 the Santa Clara County Housing Authority in meeting the housing needs of low-income persons in Palo Alto. To ensure a coordinated approach to the City’s human service funding efforts, CDBG and Human Services staff meet to review and discuss applications received through both the CDBG and HSRAP processes. Additionally, a member of the Human Relations Commission serves on the CDBG Citizens Advisory Committee to avoid duplication of effort and to assure collaboration within Palo Alto. 15 ATTACHMENT B ORDINANCE NO. ORDINANCE OF THE COUNCIL OF THE CITY OF PALO ALTO AMENDING THE BUDGET FOR THE FISCAL YEAR 2005-06 TO TRANSFER $250,000 FROM THE COMMERCIAL HOUSING IN-LIEU FUND TO THE COMMUNIITY DEVELOMPENT BLOCK GRANT FUND FOR THE ACQUISITION OF HOUSING UNITS LOCATED AT 2507-2533 ALMA STREET BY THE COMMUNITY WORKING GROUP The Council of the City of Palo Alto does ORDAIN as follows: SECTION i. The Council of the City of Palo Alto finds and determines as follows: A. Pursuant to the provisions of Section 12 of Article III of the Charter of the City of Palo Alto, the Council on June 20, 2005 did adopt a budget for fiscal year 2005-06; and B. The City housing development fund is funded by Community Development Block Grant (CDBG) funds and currently has a balance of $900,000 to be used for the creation of affordable housing; and C. In response to a request for proposals issued by the City for acquisition of an affordable housing site to be funded through the CDBG housing development fund, Community Working Group submitted a proposal to the city to acquire a 10-unit apartment building complex and requested funding from the City in the amount of $i,150,000; and D. A transfer of funds in the amount of $250,000 is needed from the Commercial Housing In-Lieu Fund to the Housing Development portion of the CDBG Fund to complete the affordable housing transaction with Community Working Group; and E. The Commercial Housing In-Lieu Fund will be reimbursed by the CDBG program when funds become available in fiscal year 2006- 07; and F. City Council authorization is needed to amend the 2005-06 budget as hereinafter set forth. SECTION 2. The sum of Two Hundred Fifty Thousand Dollars ($250,000) is hereby transferred from the Commercial Housing In- Lieu Fund 234 to the CDBG Fund 232 to appropriate non-salary expense in the CDBG Fund. SECTION 3. This transaction will reduce the Commercial Housing In-Lieu Fund 234 from $6,661,663 to $6,411,663 and increase the CDBG Fund 232 from $3,368,360 to $3,618,360. SECTION 4. As specified in Section 2.28.080 (a) of the Palo Alto Municipal Code, a two-thirds vote of the City Council is required to adopt this ordinance. SECTION 5. The Council of the City of Palo Alto hereby finds that this project is exempt from review under the California Environmental Quality Act pursuant to Title 14 California Code of Regulations Section 15301 as the acquisition of existing facilities and therefore, no environmental impact assessment is necessary. SECTION 6. As provided in Section 2.04.330 of the Palo Alto Municipal Code, this ordinance shall become effective upon adoption. INTRODUCED AND PASSED: AYES: NOES: ABSTENTIONS: ABSENT: ATTEST:APPROVED: City Clerk Mayor APPROVED AS TO FORM:City Manager Senior Asst. City Attorney Director of Planning and Community Environment Director of Administrative Services A TTA CHMENT C AGREEMENT NO. BETWEEN THE CITY OF PALO ALTO AND THE COMMUNITY WORKING GROUP, INC. FOR THE ACQUISITION OF THE ALMA GARDEN APRTMENTS LOCATED AT 2507-2433 ALMA STREET THIS AGREEMENT No.is made and entered into on , 2006, by and between the CITY OF PALO ALTO, a California municipal corporation ("CITY"), and COM}dUNITY WORKING GROUP, INC., a California non-profit public benefit corporation, with offices at 948 Ramona Street, Palo Alto, California 94301 ("CWG"). RECITALS WHEREAS, the City has applied for and received funds (~Funds") from the Government of the United States under Title I of the Housing and Community Development Act of 1974; and WHEREAS, CWG has requested funds to acquire a ten-unit multi-family housing complex known as Alma Garden Apartments (the "Project") located at 2507-2533 Alma Street, Palo Alto, California; and WHEREAS, CWG is a private non-profit organization that serves the needs of the homeless and those at risk of becoming homeless in the Midpeninsula area through the development and operation of housing and services. WHEREAS, City wishes to lend funds to CWG and defer the loan if certain conditions are met by CWG for the purposes set forth in this Agreement, and any exhibits thereto; WHEREAS, City has approved and authorized the provision of up to One Million One Hundred Fifty Thousand Dollars ($1,150,000) drawn from fiscal year 2005/06 and fiscal year 2006/07 CDBG funds to Borrower for the purposes and under the terms contained herein; WHEREAS, pursuant to the provisions of Title I of the Housing and Community Development Act of 1974, as amended, CITY appropriated CDBG funds under its fiscal years 2005-2006 and 2006-2007 budgets in the CDBG housing development funds for the purpose of acquiring an affordable housing site in Palo Alto that meets the requirements of the CDBG program. The City 060302 syn 0120102 appropriated the funds in the CDBG housing development fund to CWG for the purpose of acquiring an affordable housing site. ~HEREAS, there is a severe shortage of affordable housing suitable for persons with very-low and low incomes in Palo Alto and nearby areas. The Project will result in the creation of ten (i0) housing units, made available at affordable rents to those with very-low incomes as defined by the Department of Housing and Urban Development ("HUD"). WHEREAS, the expenditure of funds for site acquisition costs for lower income housing is an eligible activity under the CDBG Program, and site acquisition costs are eligible for reimbursement under CITY’s Housing Reserve Guidelines. The Project is consistent with CITY’s affordable housing goals as outlined in CITY’s HUD Consolidated Plan; and WHEREAS, CWG and CITY desire under this Agreement to arrange for a loan from CITY to CWG to cover a portion of the acquisition expenses that CWG will incur in purchasing the Project site. WHEREAS, the City neither warrants or makes any representations as to the quality, method or adequacy of the work products or services to be provided to Borrower under the terms and conditions of this Agreement, except with respect to compliance with Federal Regulations; IN CONSIDERATION agreements specified herein, provisions, the parties to follows: OF the mutual covenants and and subject to its terms and this Agreement hereby agree as ARTICLE i -AGREEMENT COORDINATION i.i CITY CITY’s City Manager shall represent CITY for all purposes under this Agreement. CITY’s Director of Planning and Community Environment is designated by the City Manager as the project manager, and his designee shall supervise the progress and execution of this Agreement. 1.2 CWG The board president of CWG shall represent CWG for all purposes under this Agreement and, as the project director for 060302 syn 0120102 CWG, shall Agreement. supervise the progress and execution of this ARTICLE 2 -PURPOSE OF AGREEMENT The purpose of this Agreement is to set forth the respective duties and responsibilities of CITY and CWG regarding the CDBG Program funds to be provided by CITY to CWG hereunder for CWG’s site acquisition activities related to the Project. ARTICLE 3 -PROVISION OF FtINDS 3.1 Payment of funds for site acquisition expenses 3.1.1 CITY shall pay to CWG the sum of One Million One Hundred Fifty Thousand Dollars ($1,150,000), to be used in accordance with the terms, covenants, provisions and conditions of this Agreement, the CDBG Program, and City’s Housing Reserve Guidelines. CWG shall execute and deliver a promissory note in favor of CITY (the "Note"), as set forth in Exhibit "B", in the amount of One million One Hundred Fifty Thousand Dollars ($1,150,000), to secure the performance of all terms, covenants, provisions and conditions of this Agreement. Execution thereof shall occur prior to any disbursement of funds under this Agreement. The Note shall bear interest, and periodic payments shall be due as provided in the Note. The Note shall be secured by a deed of trust ("Deed of Trust") on the Project for the benefit of CITY, as set forth in Exhibit "C" CITY shall execute and record such subordination agreements with respect to the deed of trust as may be required by HUD and other funding sources. 3.1.2 If the initial closing of the Section 811 Capital Advance Grant does not occur on or before December 31, 1998, including any extension thereof approved by the project manager, this Note shall be immediately due and payable. Notwithstanding the foregoing, if CWG at any time fails to comply with the terms, covenants, provisions and conditions of this Agreement or the Note, the Note shall be immediately due and payable. 3.2 Additional construction and development expenses The maximum amount payable under this Agreement for site acquisition expenses shall be One Million One Hundred Fifty Thousand Dollars ($i,150,000).In the event, for any reason, the amount payable by CWG to any and all sources for the acquisition expenses for the Project exceeds One Million One 060302 syn 0120102 Hundred Fifty Thousand Dollars ($1,150,000), CWG shall be solely responsible to pay all such excess expenses. 3.3 Disbursement of funds CWG shall open an escrow, and all loan proceeds to be disbursed for the purchase price of the Property and necessary closing costs shall be placed in escrow with the Chicago Title Insurance Company ("CTI"), !i0 W. Taylor Street, San Jose, 95110 under escrow number 05-98200713, together with all necessary documents of title, written escrow instructions, and other pertinent information. CITY will deposit the sum of One Million One Hundred Fifty Thousand Dollars ($i,150,000), by negotiable instrument payable to CTI, into escrow, for a portion of the approximately One Million Seven Hundred Thirty-Six Thousand Three Hundred Dollars ($1,736,300) purchase price of the Property. CWG will deposit funds from other sources for the balance of the purchase price and closing costs as an express condition hereof, and CWG’s failure to do so shall render this Agreement null and void. 3.4. Title insurance At the close of escrow, CWG, at its own cost and expense, shall secure an ALTA extended coverage lender’s policy of title insurance, or other form of title insurance acceptable to CITY, for an amount not less than the amount of the actual purchase price of the Property, and insuring against any title defects as would prevent the construction and development of the Project. The policy will name CITY as insured and insure CWG’s right, title, and interest in the Property and the Project and CITY’s lien therein, and, promptly after the close of escrow, CWG shall provide the original of the same to the project manager or his designee. ARTICLE 4 -CWG’S STATEMENT OF WORK 4.1 General As express conditions of acceptance of payment of $1,150,000 in CDBG funds from CITY under this Agreement, CWG agrees to acquire, in fee simple,that certain real property located at 2507-2533 Alma Street, Palo Alto, County of Santa Clara, State of California (APN 132-25-054 and APN 132-25-044) (~Property") as more fully described in Exhibit ~A", in accordance with all applicable requirements and regulations of HUD and the CDBG Program, including those HUD regulations set 060302 syn 0120102 4 forth in Part 570 of Title 24 of the Code of Federal Regulations ("CFR"), as amended. 4.2. Project budget, uses of CITY funds and final accounting The funds provided under this Agreement and the Note are being advanced by CITY to pay a portion of the actual purchase price of the Property. CITY and CWG anticipate that the remaining portion of the purchase price will be financed through a conventional bank mortgage. A projected budget and sources of funds is attached as Exhibit 4.2.1 Eligible uses of CDBG Program funds are the costs of site acquisition. 4.2.2 If CITY determines that the entire $1,150,000 of funding advanced by CITY to CWG under this Agreement is not necessary to pay for reasonable, necessary and eligible site acquisition costs as described herein and as approved in advance by CITY, then CWG shall refund the excess amount of funds, as determined by CITY, promptly upon the demand of CITY and the principal balance of the Note shall be reduced, accordingly. 4.3 Use, occupancy and rent restrictions CWG shall operate and maintain the Project as a permanent rental housing complex for occupancy by very-low and low-income households at affordable rents as defined by HUD regulations for the CDBG Program for a period of fifty-five (55) years from the date of execution of the Agreement that meet very-low and low-income limits as published annually by HUD. CWG’s compliance with this Section 4.3 is of particular importance to CITY and the main purpose for which CITY is making the Loan to CWG. In the event of any breach of this Section 4.3 or of any other covenant or restriction set forth in this Agreement, CITY shall have the right to exercise all of the right and remedies, and to maintain any action at law or suits in equity or other real property proceedings, including, without limitation, specific performance, to enforce the covenants and restrictions and the curing of any breach or violation hereof. 4.4 Records and reports CWG shall maintain on a current basis complete records, including books of original entry, source documents supporting accounting transactions, service records, a general 060302 syn 0120102 ledger, canceled checks, time sheets, and related documents and records to assure proper accounting of funds and performance of the terms of this Agreement. CWG shall furnish any and all information and reports which may be required by CITY and HUD in connection with this Agreement. CWG shall further permit access to its books, records and accounts by the representatives and employees of CITY and HUD during regular business hours, for the purpose of investigation or audit to ascertain compliance with all applicable laws, regulations, rules and orders and for the purpose of evaluating and monitoring CWG’s compliance with the provisions of this Agreement. All such records shall be retained by CWG and made available to CITY and HUD upon request for review or audit for a period of at least five (5) years following the expiration or termination of this Agreement. 4.5 Program indome - CDBG funds Program income is defined under the laws and regulations governing the CDBG Program, including the provisions set forth in 24 CFR 570.500(a). CWG shall maintain separate accounting records and bank accounts for any CDBG Program income generated under this Agreement or from the Project. CWG shall report and return all CDBG Program income generated under this Agreement or from the Project to CITY in accordance with all CWG and HUD laws and regulations, including but not limited to those set forth in 24 CFR 570.504, as amended. This Section 4.5 shall apply only to CDBG funds. 4.6 Uniform administrative requirements - CDBG funds CWG, as a private non-profit organization receiving CDBG Program funds as a subrecipient, shall comply with the Uniform Administrative Requirements as set forth in 24 CFR 570.502(b). This Section 4.6 shall apply only to CDBG funds. 4.7 CDBG funds Additional requirements and federal assurances - CWG shall comply with the additional terms and conditions of this Agreement and the federal assurances as set forth in Exhibit "E" This Section 4.7 shall apply only to CDBG funds. 4.8 Insurance CWG, at its sole cost and expense, shall obtain and maintain during the term of this Agreement, insurance provided by responsible companies authorized to engage in the offering of 060302 syn 0120102 6 insurance services in California in such amounts and against such risks as shall be satisfactory to City’s risk manager, including, without limitation, worker’s compensation, employer’s liability,commercial general liability, comprehensive automobile liability, personal injury and property damage insurance,as set forth in Exhibit "F", as appropriate, insuring against all liability of CWG and its directors, officers, employees,agents, and representatives arising out of or in connection with the acquisition, construction and development of the Project or CWG’s performance or nonperformance under this Agreement. ARTICLE 5 - TERM AND TERMINATION OF AGREEMENT This Agreement shall commence and be effective on the date of its execution by CITY, and shall continue for the period of fifty-five (55) years unless earlier terminated as provided in this Agreement. If site acquisition of the Property does not occur on or before April i, 2006, including any extension thereof approved by the project manager, this Agreement may be terminated by CITY. Prior to the completion of the site acquisition, either party may terminate this Agreement for convenience in accordance with 24 CFR 85.44, as amended. CITY may immediately suspend or terminate this Agreement, in whole or in part, if CONTRACTOR materially fails to comply with any term, provision, covenant or condition of this Agreement, or with any of the rules or regulations referred to herein. In such event, CITY may also pursue any other remedies provided by law, including those specified under 24 CFR 85.43, as amended. In the event that this Agreement is terminated for convenience or cause, all funds provided to CWG, at the sole option of the project manager and notwithstanding any other provisions of this Agreement, the Note or Deed of Trust, shall become due and payable to CITY upon demand of CITY. ARTICLE 6 -CONFLICT OF INTEREST CWG covenants that it shall comply with the provisions of 24 CFR 570.611, as amended, concerning conflicts of interest. Specifically, except for the use of CDBG funds to pay salaries and other related administrative or personnel costs, no person who is an employee, agent, consultant, officer or official of CWG who exercises or has exercised any functions or responsibilities concerning the activities under this Agreement, or who is in a position to participate in a decision making process or gain inside information with regard to such activities, may obtain a personal or ~financial interest or benefit from any such activity, or have an interest in any 060302 syn 0120102 7 contract, subcontract, or agreement with respect thereto, or the proceeds thereunder, either for him or herself or for those with whom he or she has family or business ties, during his or her tenure or for one year thereafter. CWG further covenants that it presently has no interest and shall not acquire any interest, direct or indirect, financia! or otherwise, which would conflict in any manner or degree with the performance of the services hereunder. CWG also covenants that, in the performance of this Agreement, no subcontractor or person having such interest shall be employed by CWG. In addition, CWG certifies that no one who has or will have any financial interest under this Agreement is an officer or employee of CITY. ARTICLE 7 -ASSIGNMENT PROHIBITED This Agreement is for the personal services of CWG and shall not be assigned without the express prior written consent of CITY. Any attempt to do so otherwise shall be void and, at the sole discretion of CITY, a default of this Agreement and the Note may be declared by CITY. ARTICLE 8 -NOTICES All Notices to CITY or CWG shall be made in writing and shall be deemed to have been given or made if personally delivered, placed in the United States certified mail, return receipt requested, postage prepaid, or delivered by courier service addressed as follows: To CITY:City of Palo Alto Office of City Clerk 250 Hamilton Avenue Palo Alto, CA 94301 Copy to:City of Palo Alto Director, Department of Planning & Community Environment 250 Hamilton Avenue Palo Alto, CA 94301 To CWG:Community Working Group 555 Bryant St., PMB #321 Palo Alto, CA 94301 Attention: Board President 060302 syn 0120102 ARTICLE 9 -MISCELLANEOUS 9.1 Neither the failure nor the delay on the part of CITY to exercise any right, power, or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any right, power, or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, power, or privilege. 9.2 Nothing contained in this Agreement is intended to, or shall be construed in any manner, as creating or establishing the relationship of employer and employee between the parties. CWG shall at al! times remain an independent contractor with respect to the services to be rendered or work to be performed, or both, under this Agreement. The terms of this Agreement shall in no way be construed to create a partnership, joint venture or any other joint relationship between CITY and CWG. CWG lacks any authority or power to pledge the credit of CITY or incur any obligation in the name of CITY. This Agreement shall not be construed or deemed to be an agreement for the benefit of any third party, and no third party shall have any claim or right of action hereunder for any cause whatsoever. 9.3 This Agreement constitutes the entire agreement of the parties concerning its subject matter, and there are no other oral or written agreements of the parties not incorporated in this Agreement. Any amendment to this Agreement shall be binding upon the parties, provided such amendment is set forth in a writing signed by the parties. The city manager is authorized to execute any amendments to this Agreement, including any amendments which may be required of CWG or CITY by HUD, and confer any consents that must be provided by CITY. 9.4 The covenants, agreements, terms, and conditions of this Agreement shall inure to and be binding on the successors and assigns of the parties. Any provision of this Agreement which is characterized as a covenant or a condition shall be deemed both a covenant and a condition. If any provision of this Agreement shall be determined by a court of competent jurisdiction to be invalid, illegal, void, or unenforceable in any respect, the validity of all other provisions herein shall remain in full force and effect. 9.5 This Agreement, the Note and the Deed of Trust shall be deemed contracts made under the laws of the State of California, and for the purposes hereof shall be governed and construed by and in accordance with the laws of the State of 060302 syn 0120102 9 California. All exhibits referred to in this Agreement and any addenda, appendices, attachments, and schedules which may, from time to time, be referred to in any duly executed amendment hereto are by such reference incorporated in this Agreement and shall be deemed to be part of this Agreement. This Agreement may be executed in any number of counterparts, each of which shall be an original, but all of which together shall constitute one and the same instrument. The paragraph headings are not a part of this Agreement and shall have no effect upon the construction or interpretation of any part of this Agreement. 9.6 In the event that suit is brought by either party, the parties agree that trial of such action shall be vested exclusively in the state court of California in the City of San Jose, County of Santa Clara, or in the United States District Court for the Northern District of California in the City of San Jose. The prevailing party in any action brought to enforce the terms of this Agreement or arising out of this Agreement may recover its reasonable costs and attorneys’ fees expended in connection with such an action from the other party. IN WITNESS WHEREOF, the parties hereto have executed this Agreement the day and year first above written. ATTEST:CITY OF PALO ALTO City Clerk APPROVED AS TO FORM: Mayor COMMUNITY WORKING GROUP, INC. Senior Asst. City Attorney Name: Title: Name: Title: Taxpayer Identification No. 77-0446309 APPROVED: Assistant City Manager Director of Planning and Community Environment Risk Manager 060302 sy’n 0120102 10 Attachments: EXHIBIT "A": EXHIBIT ~B" EXHIBIT "C": EXHIBIT ~D": EXHIBIT "E": EXHIBIT "F": LEGAL DESCRIPTION OF PROPERTY PROMISSORY NOTE SECURED BY SHORT FORM DEED OF TRUST AND ASSIGNMENT OF RENTS DEED OF TRUST AND ASSIGNMENT OF RENTS ALMA GARDEN APARTMENTS BUDGET FEDERAL ASSURANCES WITH RESPECT TO CDBG F~S INSURANCE REQUIREMENTS 060302 syn 0120102 11 STATE OF CALIFORNIA ) COUNTY OF SANTA CLARA ) On , 2006, before me,. , a Notary Public in and for said County and State, personally appeared , personally known to me to be the person whose name is subscribed to the within instrument and acknowledged to me that he/she executed the same in his/her authorized capacity and that by his/her signature on the instrument, the person, or the entity upon behalf of which the person acted, executed the instrument. WITNESS my hand and official seal. Notary Public in and for said County and State 060302 syn 0120102 12 STATE OF CALIFORNIA ) COUNTY OF SANTA CLARA ) On , 2006, before me,, a Notary Public in and for said County and State, personally appeared , personally known to me to be the person whose name is subscribed to the within instrument and acknowledged to me that he/she executed the same in his/her authorized capacity and that by his/her signature on the instrument, the person, or the entity upon behalf of which the person acted, executed the instrument. WITNESS my hand and official seal. Notary Public in and for said County and State 060302 syn 0120102 13 STATE OF CALIFORNIA ) ) ss. COUNTY OF SANTA CLARA ) On , 2006, before me,, a Notary Public in and for said County and State, personally appeared , personally known to me to be the person whose name is subscribed to the within instrument and acknowledged to me that she executed the same in her authorized capacity as Mayor of the City of Palo Alto, a municipal corporation, and that by her signature on the instrument acknowledged that said municipal corporation executed the same. WITNESS my hand and official seal. Notary Public in and for said County and State 060302 syn 0120102 14 Title No. 05-98200713-A-MC Locate No. CACTI7743-7743-2982-0098200713 LEGAL DESCRIPTION EXHI BIT "A" THE LAND REFERRED TO HEREIN BELOW IS SI-I-UATED IN THE CITY OF PALC) ALTO, COUNTY OF SANTA CLARA, STATE OF CALIFORNIA, AND IS DESCRIBED AS FOLLOWS: Lots 23 and 24, in Block 2, as shown on the Map of Stanford City recorded on May 3, 1910 in Book "M" of Maps, Page 97, Santa Clara County Records. APN: 132-25-054 2 CLTA Preliminary Report Form (11/!7/04) "lqtle No. 05-982OO714-A-MC Locate No. CACTI7743-7743-2982-0098200714 LEGAL DESCRIPTION EXHIBIT "A" THE LAND REFERRED TO HEREI"N BELOW 1"S s[q-UATED "fN THE CD’Y OF PALO ALTO, COUNTY OF SANTA CLARA, STATE OF CA~FORN~, AND fS DESCRIBED AS FOLLOWS: Lots 21, 22, in Block 2, as shown on the map of Stanford City recorded on May 3, 1910 in Book "M" of Maps, page 97, Santa Clara County Records. APN: 132-25-044 2 CLTA Preliminary Report Form (11117104) EXHIBIT B PROMISSORY NOTE SECURED BY DEED OF TRUST AND ASSIGNMENT OF RENTS $1,150,000 Date: Palo Alto, California FOR VALUE RECEIVED, the Community Working Group, Inc., a corporation duly organized and existing under the Nonprofit Corporation Law of the State of California ("BORROWER"), promises to pay to the City of Palo Alto, a California municipal corporation ("CITY"), or order, the principal sum of One Million One Hundred Fifty Thousand Dollars ($1,150,000) at the Revenue Collections office of the City of Palo Alto, First Floor, 250 Hamilton Avenue, P. 0. Box 10250, Palo Alto, CA 94303, or at such other place as CITY may from time to time designate, with interest from the date of this PROMISSORY NOTE SECURED BY DEED OF TRUST AND ASSIGNMENT OF RENTS ("Note"), until paid, at the rate of three percent (3%) per year on the unpaid principal balance. This Note is secured by a deed of trust entitled "DEED OF TRUST AND ASSIGNMENT OF RENTS" ("Deed of Trust") of even date herewith on BORROWER’s equitable interest in real property located at 2507-2533 Alma Street, Palo Alto, California, Assessor’s Parcel Numbers 132-25-054 and 132-25-044 ("Property"). This Note is made in connection with an agreement entitled "AGREEMENT BETWEEN THE CITY OF PALO ALTO AND COMMtINITY WORKING GROUP, INC. FOR THE ACQUISITION OF THE ALMA GARDEN APARTMENTS LOCATED AT 2507-2533 ALMA STREET, PALO ALTO" ("Agreement"). Under the Agreement, BORROWER agrees to acquire and operate the Property as a multi-family housing complex affordable to households with very-low and low incomes as defined by HUD. All amounts advanced under this Note, at the option of CITY, shall become immediately due and payable upon the occurrence of an Event of Default, as such term is defined in the Agreement. Payment in full of the unpaid principal balance shall be made by BORROWER not later than fifty (55) years after the acquisition of the site. 060301 syn 0120104 BORROWER, any endorser of this Note, and any others who may become liable for all or a part of the obligations evidenced by this Note may prepay all or any portion of the principal sum of this Note, without penalty. Any and all payments made hereunder shall be credited, first, on the interest then due and,the remainder, on the principal balance, and interest on the principal balance so credited shall thereupon cease. BORROWER, any endorser of this Note, and any others who may become liable for all or any part of the obligations evidenced by this Note or this Note, as amended, hereby individually waive demand, presentment for payment, demand and protest, notice of protest, demand, and of dishonor and non-payment, and consent to any number of extensions or renewals of time hereof. Any such extensions or renewals may be made without notice to any of the obligated parties and without affecting their liability.The pleading of any statute of limitations as a defense to any demand against BORROWER is expressly waived by BORROWER.If BORROWER consists of more than one person or individual,each person or individual shall be jointly and severally liable under this Note. BORROWER shall not further encumber, mortgage or subject the Property, or the real property on which it is located, or any interest therein, to a deed of trust, mortgage, indenture, or other document of legal encumbrance (individually, "Encumbrance" and jointly, "Encumbrances") without the prior written consent of CITY. Unless CITY expressly agrees otherwise, in writing, any Encumbrance affecting the Property shall provide that, in the event of any default or breach by BORROWER under any Encumbrance entitling any party thereunder to accelerate the indebtedness secured thereby and foreclose upon the Property, CITY shall have the right, but not the obligation, to (i) cure the default prior to the completion of any foreclosure and reinstate the Encumbrance, or (2) pay the total unpaid indebtedness secured by such Encumbrance, in which event, such Encumbrance shall be released, canceled, or otherwise reconveyed. Any amounts expended by CITY under the contingencies set forth in parts (i) or (2) of the preceding paragraph shall be reimbursed by BORROWER upon demand of CITY therefor, and, in any event, such amounts shall bear interest at the maximum rate permitted by Article XV, Section 1(2) of the California 060301 syn 0120104 2 Constitution, as amended, from the date such amounts were advanced by CITY until paid in full by BORROWER. All such amounts, including interest and any penalty authorized under the Agreement, this Note, or the Deed of Trust, shall be added to the principal of this Note. The approval by BORROWER of any Encumbrance, and the placing of a security interest therefor on the Property, or any portion thereof, not containing the provisions of the preceding paragraph and this paragraph shall constitute a default of this Note. If any default is made hereunder, BORROWER further promises to pay reasonable attorneys’ fees and costs and expenses incurred by CITY in connection with any such default or any other action or other proceeding brought to enforce any of the provisions of this Note. CITY’s right to such fees shall not be limited to or by its representation by staff attorneys of CITY’s Office of the City Attorney, and such representation shall be valued at the customary and reasonable rates for private sector legal services. The relationship of CITY and BORROWER evidenced by this Note shall be deemed to be one of creditor and debtor and not of partnership or joint venture. This Note may not be modified or amended except by an instrument in writing which expresses such intention of the parties sought to be bound thereby, and such writing shall be firmly attached to this Note and made a part thereof. Any failure of CITY or other holder to exercise any rights under this Note shall not constitute a waiver of such rights or of any other rights under this Note. This Note shall be governed by and construed in accordance with the laws of the State of California. To the extent assignment of this Note is permitted by CITY, the terms of this Note shall apply to, inure to the benefit of, and bind all of the parties thereto, their heirs, successors and assigns. All terms in this Note which are capitalized shall bear the meanings set forth in the Agreement. 060301 syn 0120104 3 EXECUTED BY BORROWER by its duly authorized representative in Palo Alto, County of Santa Clara, State of California, on the date first above written. COMMUNITY WORKING GROUP By: Title: By: Title: 060301 sya 0120104 RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: EXHIBIT C City of Palo Alto Office of City Attorney 250 Hamilton Avenue Palo Alto, CA 94301 RECORDED WITHOUT CHARGE GOVERNMENT CODE §§ 6103, 27383 SPACE ABOVE THIS LINE FOR RECORDER’S USE DEED OF TRUST AND ASSIGNMENT OF RENTS APN 132-25-054 and 132-25-044 This Deed of Trust, made this __ day of ,2006, between the COMMUNITY WORKING GROUP, INC., a California corporation duly organized and existing under the Nonprofit Corporation Law of the State of California ("Trustor"), located at 948 Ramona Street, Palo Alto, California 94301, Chicago Title Company, a California corporation ("Trustee"), and the CITY OF PALO ALTO, a California municipal corporation ("Beneficiary"), Witnesseth: That Trustor IRREVOCABLY GRANTS, TRANSFERS AND ASSIGNS TO TRUSTEE IN TRUST, WITH POWER OF SALE, that property in Santa Clara County, California, described as: See Exhibit "A," attached hereto and incorporated herein by this reference. In the event the herein described property or any part thereof, or any interest therein is sold, agreed to be sold, conveyed or alienated by the Trustor, or by the operation of law or otherwise, all obligations secured by this instrument, irrespective of the maturity dates expressed therein, at the option of the holder hereof and without demand or notice shall immediately become due and payable. Together With the rents, issues and profits thereof, SUBJECT, HOWEVER, to the right, power and authority hereinafter given to and conferred upon Beneficiary to collect and supply such rents, issues and profits. For the Purpose of Securing: (1) Performance of each agreement of Trustor herein contained. (2) Payment of the indebtedness evidenced by one promissory note ("note") of even date herewith, and any extension or renewal thereof, in the principal sum of $1,150,000 executed by Trustor in favor of Beneficiary or order. (3) Payment of such further sums as the then record owner of said property hereafter may borrow from Beneficiary, when evidenced by another note (or notes) reciting it is so secured. (4) Performance by Trustor of its obligations arising under that certain contract entitled "Agreement between The City of Palo Alto and Community Working Group, Inc. for the acquisition of the Alma Garden Apartments located at 2507-2533 Alma Street, Palo Alto," dated . ..... ("Agreement"), and recorded on ., 2006, as Instrument No ........~n Book Page of Official Records, Santa Clara County, California. To Protect the Security of This Deed of Trust, Trustor Agrees: (1) To keep said property in good condition and repair; not to remove or demolish any building thereon; to complete or restore promptly and in good workmanlike manner any building which may be constructed, damaged or destroyed thereon and to pay when due all claims for labor performed and materials furnished therefor; to comply with all laws affecting said property, or requiring any alterations or improvements to be made thereon; not to 3_ 060301 syn 0120103 commit or permit waste thereof; not to commit, suffer or permit any act upon said property in violation of law; to cultivate, irrigate, fertilize, fumigate, prune and do all other acts which from the character or use of said property may be reasonably necessary, the specific enumerations herein not excluding the general. (2) To provide, maintain and deliver to Beneficiary fire insurance satisfactory to and with loss payable to Beneficiary. The amount collected under any fire or other insurance policy may be applied by Beneficiary upon any indebtedness secured hereby and in such order as Beneficiary may determine, or at the option of Beneficiary the entire amount so collected or any part thereof may be released to Trustor. Such application or release shall not cure or waive any default or notice of default hereunder or invalidate any act done pursuant to such notice. (3) To appear in and defend any action or proceeding purporting to affect the security hereof or the rights or powers of Beneficiary; and to pay all costs and expenses, including cost of evidence of title and attorney’s fees in a reasonable sum, in any such action or proceeding in which Beneficiary may appear, and in any suit brought by Beneficiary or Trustee to foreclose this Deed of Trust. (4) To pay: at least ten days before delinquency all taxes and assessments affecting said property, including assessments on appurtenant water stock; when due, all encumbrances, charges and liens, with interest, on said property or any part thereof, which appear to be prior or superior hereto; all costs, fees and expenses of this Trust. Should Trustor fail to make any payment or to do any act as herein provided, then Beneficiary or Trustee but without obligation so to do and without notice to or demand upon Trustor and without releasing Trustor from any obligation hereof, may: make or do the same in such manner and to such extent as either may deem necessary to protect the security hereof, Beneficiary or Trustee being authorized to enter upon said property for such purposes; appear in and defend any action or proceeding purporting to affect the security hereof or the rights or powers of Beneficiary or Trustee pay, purchase, contest or compromise any encumbrance, charge or lien which in the judgment of either appears to be prior or superior hereto; and, in exercising any such powers, pay necessary expenses, employ counsel and pay his or her reasonable fees, costs and expenses. (5) To pay immediately a’nd without demand all sums so expended by Beneficiary or Trustee, with interest from date of expenditure at the amount allowed by law in effect at the date hereof, and to pay for any statement provided for by law in effect at the date hereof regarding the obligation secured hereby any amount demanded by Beneficiary not to exceed the maximum allowed by law at the time when said statement is demanded. (6) That any award of damages in connection with any condemnation for public use of or injury to said property or any part thereof is hereby assigned and shall be paid to Beneficiary who may apply or release such moneys received by it in the same manner and with the same effect as above provided for disposition of proceeds of fire or other insurance. (7) That by accepting payment of any sum secured hereby after its due date, Beneficiary does not waive its right either to require prompt payment when due of all other sums so secured or to declare a default for failure so to pay. (8) That at any time or from time to time, without liability therefor and without notice, upon written request of Beneficiary and presentation of this Deed of Trust and said note for endorsement, and without affecting the personal liability of any person for payment of the indebtedness secured hereby, Trustee may: reconvey any part of said property; consent to the making of any map or plat thereof; join in granting any easement thereon; or join in any extension agreement or any agreement subordinating the lien or charge hereof. (9) That upon written request of Beneficiary stating that all sums secured hereby have been paid, and upon surrender of this Deed of Trust and said note to Trustee for cancellation and retention and upon payment of its fees, Trustee shall reconvey, without warranty, the property then held hereunder. The recitals in such reconveyance of any matters or facts shall be conclusive proof of the truthfulness thereof. The grantee in such reconveyance may be described as "the person or persons legally entitled thereto." Five years after issuance of such full reconveyance, Trustee may destroy said note and this Deed of Trust (unless directed in such request to retain them). (10) That as additional security Trustor hereby gives to and confers upon Beneficiary the right, power and authority, during the continuance of these Trusts, to collect the rents, issues and profits of said property, reserving onto Trustor the right, prior to any default by Trustor in payment of any indebtedness secured hereby or in the performance of 060301 syn0120103 any agreements hereunder, to collect and retain such rents, issues, and profits as the become due and payable. Upon any such default, Beneficiary may at any time without notice, either in person, by agent, or by a receiver to be appointed by a court, and without regard to the adequacy of any security for the indebtedness hereby secured, enter upon and take possession of said property or any part thereof, in its own name sue for or otherwise collect such rents, issues and profits, including those past due and unpaid, and apply the same, less costs and expenses of operation and collection, including reasonable attorney’s fees, upon any indebtedness secured hereby, and in such order as Beneficiary may determine. The entering upon and taking possession of said property, the collection of such rents, issues and profits and the application thereof as aforesaid, shall not cure or waive any default or notice of default hereunder or invalidate any act done pursuant to such notice. (11) That upon default by Trustor in payment of any indebtedness secured hereby, or in performance of any agreement hereunder, Beneficiary may declare all sums secured hereby immediately due and payable by delivery to Trustee of written declaration of default and demand for sale and of written notice of default and of election to cause to be sold said property, which notice Trustee shall cause to be filed for record. Beneficiary also shall deposit with Trustee this Deed of Trust, said note and all documents evidencing expenditures secured hereby. After the lapse of such time as may then be required by law following the recordation of said notice of default, and notice of sale having been given as then required by law, Trustee, without demand on Trustor, shall sell said property at the time and place fixed by it in said notice of sale, either as a whole or in separate parcels, and in such order as it may determine, at public auction to the highest bidder for cash in lawful money of the United States, payable at time of sale. Trustee may postpone sate of all or any portion of said property by public announcement at such time and place of sale, and from time to time thereafter may postpone such sale by public announcement at the time fixed by the preceding postponement. Trustee shall deliver to such purchaser its deed conveying the property so sold, but without any covenant or warranty, express or implied. The recitals in such deed of any matters or facts shall be conclusive proof of the truthfulness thereof. Any person, including Trustor, Trustee or Beneficiary as hereinafter defined, may purchase at such sale. After deducting all costs, fees and expenses of Trustee and of this Trust, including cost of evidence of title in connection with sale, Trustee shall apply the proceeds of sale to payment of: all sums expended under the terms hereof, not then repaid, with accrued interest at the amount allowed by law in effect at the date hereof; all other sums then secured hereby; and the remainder, if any, to the person or persons legally entitled thereto. (12) That Beneficiary, or any successor in ownership of any indebtedness secured hereby, may from time to time, by instrument in writing, substitute a successor or successors to any Trustee named herein or acting hereunder, which instrument, executed by the Beneficiary and duly acknowledged and recorded in the office of the recorder of the county or counties where said property is situated, shall be conclusive proof of proper substitution of such successor Trustee or Trustees, who shall, without conveyance from the Trustee predecessor, succeed to all its title, estate, rights, powers and duties. Said instrument must contain the name of the original Trustor, Trustee and Beneficiary hereunder, the book and page where this Deed of Trust is recorded and the name and address of the new Trustee. (13) That this Deed applies to, inures to the benefit of, and binds all parties hereto, their heirs, legatees, devisees, administrators, executors, successors and assigns. The term "Beneficiary" shall mean the owner and holder, including pledges, of the note secured hereby, whether or not named as Beneficiary herein. In this Deed of Trust, whenever the context so requires, the masculine gender includes the feminine and/or neuter, and the singular number includes the plural. (14) That Trustee accepts this Trust when this Deed of Trust, duly executed and acknowledged, is made a public record as provided by law. Trustee is not obligated to notify any party hereto of pending sale under any other Deed of Trust or of any action or proceeding in which Trustor, Beneficiary or Trustee shall be a party unless brought by Trustee. (15) That Trustor shall not sell, convey, transfer, hypothecate or alienate the real property described herein, or any part thereof, or any interest therein, or shall not be divested of title or any interest therein in any manner or way, whether voluntarily or involuntarily, without the written consent of Beneficiary being first had and obtained, or if Trustor shall fail to make any payments due under the note secured by this Deed of Trust, or fail to perform any other obligation under this Deed of Trust or note secured hereby, or any other Deed of Trust encumbering the 3 060301 syn 0120103 subject property, then Beneficiary shall have the right, at its option, to declare any indebtedness or obligations secured hereby, irrespective of the maturity date specified in any notes evidencing the same, immediately due and payable. (16) That Trustor shall promptly pay when due the payments of interest, principal and all other charges accruing under any superior or prior trust deed, mortgage, or other instrument encumbering the subject property. Beneficiary shall have the right, but not the obligation, to cure any defaults on any superior or prior deed of trust or note secured thereby and upon curing such default Trustor shall immediately reimburse Beneficiary for all costs and expenses incurred thereby, together with interest thereon at the maximum legal rate permitted to be charged by non-exempt lenders under the Constitution of the State of California, and Trustor’s failure to pay any such amount on demand shall be a default hereunder. Trustor’s breach or default of any covenant or condition of any superior or prior trust deed, mortgage or other instrument encumbering the Property shall be a default under this Deed of Trust. (17) That Trustor further acknowledges in the event of a default by Trustor on account of the note secured hereby, and the expiration of any cure period provided therein, then Beneficiary at its sole option shall have the right to declare the note secured hereby immediately due and payable. The undersigned Trustor requests that a copy of any Notice of Default and of any Notice of Sale hereunder be mailed to it at its address hereinbefore set forth and another copy be mailed to the City of Palo Alto, Planning Department, Director of Planning and Community Environment, P. O. Box 10250, Palo Alto, CA 94303. COMMUNITY WORKING GROUP, INC. By: Title: By: Title: STATE OF CALIFORNIA ) ) SS. COUNTY OF ) On ,2006, before me,a Notary Public in and for said County and State, personally appeared personally known to me to be the person whose name is subscribed to the within instrument and acknowledged to me that he/she executed the same in his/her authorized capacity and that by his/her signature on the instrument the person, or the entity upon behalf of which the person acted, executed the instrument. WITNESS my hand and official seal. 060301 syn 0120103 Notary Public in and for said County and State 4 STATE OF CALIFORNIA ) ) SS. COUNTY OF ) On ...........2006, before me,a Notary Public in and for said County and State, personally appeared personally known to me to be the person whose name is subscribed to the within instrument and acknowledged to me that he/she executed the same in his/her authorized capacity and that by his/her signature on the instrument the person, or the entity upon behalf of which the person acted, executed the instrument. WITNESS my hand and official seal. Notary Public in and for said County and State 060301 syn 0120103 EXHIBIT D ALMA GARDEN APARTMENTS PROJECT COSTS AND PROPOSED SOURCES OF FUNDS PROJECT COSTS Purchase Price $1,736,300 Escrow Fees $17,363 Relocation Contingency $10,000 Environmental Review"$15,000 Legal Consultation $10,000 Total Project Costs $1,788,633 SOURCES OF FUNDS City of Palo Alto CDBG Housing $900,000 Development Fund City of Palo Alto FY 2006-2007 CDBG $250,000 Conventional Bank Mortgage $683,663 Total Funds $1,788,663 EXHIBIT E FEDERAL ASSURANCES WITH RESPECT TO CDBG FUNDS In providing the services and work set forth in the attached Agreement, Contractor agrees to comply with, adhere to, and take all necessary measures to effectuate, the following covenants and CDGB assurances: 1.Civil rights and non-discrimination laws. a.Title VI of the Civil Rights Act of 1964, as amended, and regulations issued pursuant to 24 CFR Part 1, which provides that no person in the United States shall on the ground of race, color, or national origin, be excluded from participation in, be denied the benefits of, or be otherwise subjected to discrimination under any program or activity funded, in whole or in part, with federal financial assistance. b.Title VIII of the Civil Rights Act of 1968, as amended, and implementing regulations when published, which provides for the administration of all programs and activities relating to housing and community development in a manner to affirmatively further fair housing. c.Section 109 of the Housing and Community Development Act of 1974, as amended, and regulations issued pursuant to 24 CFR Part 570, which provides that no person in the United States shall on the ground of race, color, national origin or sex, be excluded from participation in, be denied the benefits of, or be subjected to discrimination under, any program or activity funded, in whole or in part, with federal financial assistance. d.Section 3 of the Housing and Urban Development Act of 1968, as amended, and regulations issued pursuant to 24 CFR Part 35, which requires that to the greatest extent feasible opportunities for training and employment be given to persons with low and moderate incomes residing in the Project area benefited by federal financial assistance, and contracts for work in connection with the Project shall be awarded to eligible business concerns which are located in, or owned in substantial part by persons residing in, the vicinity of the Project. e. Section 504 of the Rehabilitation Act of 1973, as amended, and implementing regulations when published. f. The Age Discrimination Act of 1975, as amended, and implementing regulations when published. g. The Americans with Disabilities Act of 1990, as amended, and implementing regulations when published. 1 of 5 h.The "American Standard Specifications for Making Buildings and Facilities Accessible to and Usable by, the Physically Handicapped," Number A- 117.1-R 1971, subject to the exceptions contained in 41 CFR § 101-19.604, which requires every building or facility (other than a privately owned residential structural) designed, constructed, or altered with funds provided under 24 CFR 570 to be accessible to persons with physical disabilities. i.The Housing and Community Development Act of 1977, as amended, and the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970, as amended, and the implementing regulations when published. j.The uniform administrative requirements (including the cost and procurement principles) set forth in 24 CFR Part 85 and OMB Circulars A-87, A-110, A- 122, and A-133, which relate to the acceptance and use of federal funds by non-profit organizations, and which require an agency receiving in excess of $300,000 in federal financial assistance to obtain at its own expense an audit that complies with the requirements of OMB Circular A- 133. k.Executive Order 11063 and regulations issued pursuant to 24 CFR Part 107, which provides for equal opportunity in housing and non-discrimination in the sale, leasing, rental or other disposition of housing built with federal financial assistance. 1.Executive Order 11246, as amended by Executive Order 11375 and Executive Order 12086, and regulations issued pursuant to 24 CFR Part 130 and 41 CFR Part 60, which provide that no person shall be discriminated against on the basis of race, color, religion, sex, or national origin in all phases of employment during the performance of federally-assisted construction contracts. Contractor further covenants with respect to the foregoing assurances that: A. In the sale, lease, rental, transfer or other disposition of any real property on which the Facility is located, Contractor shall include or cause to be included in any deed of trust, mortgage, indenture, or other instrument of legal encumbrance ("Encumbrance") a covenant running with the land, prohibiting discrimination upon the basis of race, color, religion, sex, or national origin, in the sale, lease, rental, transfer or other disposition of such land or any improvements erected or to be erected thereon, and providing that Contractor and the United States of America (HUD) are beneficiaries of and entitled to enforce such covenant. B. Contractor shall take action to affirmatively further fair housing in the sale, lease, rental, transfer or other disposition of housing, the financing of housing, and the provision of brokerage services. (1) Contractor shall certify and agree that Contractor is under no contractual or other disability that would prevent Contractor from complying with these requirements. 2 of 5 (2) Contractor shall send to each labor organization or workers’ representative with which Contractor has a collective bargaining agreement or other similar contract, if any, a notice advising such organization or representative of Contractor’s commitment under Section 3 of the Housing and Urban Development Act of 1968, as amended, and shall post copies of the notice in conspicuous places available to employees and applicants for employment or training. C.Contractor covenants to take affirmative action to ensure fair treatment in all phases of employment, training, apprenticeships, promotion, demotion, and transfer, and recruitment or recruitment advertising. 2.Federal political and conflict of interest laws. a.The Anti-Racketeering Act (also known as the Copeland Anti- Racketeering Act), as amended, and regulations issued under 29 CFR Part 3, which prohibits kick-backs in construction work funded with federal financial assistance. b.The Hatch Political Activity Act, as amended, and implementing regulations when published, which prohibits the use of federal funds for lobbying activities. Contractor further covenants that: A. Contractor wil! establish safeguards to prohibit employees from using their positions for a purpose that is or gives the appearance of being motivated by a desire for private gain for themselves or others, particularly those with whom they have family, business, or other ties. B. Contractor will not use the assistance provided under the Agreement in the payment of any bonus or commission for the purposes of obtaining HUD approval of the application for such assistance, or HUD approval of applications for additional assistance, or any other approval or concurrence of HUD required under this Agreement, Title 1 of the Housing and Community Development Act of 1974, as amended, or applicable HUD regulations. Reasonable fees or bona fide technical, consultant, managerial or other such services, other than actual solicitation, are not hereby prohibited if their costs are otherwise eligible as a CDGB Program cost. C. Contractor will not admit any member of or delegate to the Congress of the United States or any Resident Commissioner to any share or part of this Agreement or to allow any benefit to arise from the same. 3.Federal labor and employment laws. Contractor covenants that: A. Contractor will comply with all applicable federal labor laws, regulations, and standards which require contractors engaged under contracts for the construction, completion, or repair of any building or work financed, in whole or in part, with 3 of 5 assistance provided under this Agreement, including all HUD requirements pertaining to such contracts and the applicable requirements of the regulations of the United States Department of Labor under 29 CFR Part 3, 29 CFR Part 5, and 29 CFR Part 5a, governing the payment of wages and the ratio of apprentices and trainees to journeymen. If state or local law wage rates are higher than those required under the federal regulations, nothing hereunder is intended to relieve Contractor of its obligation, if any, to require payment of the higher rates. Contractor shall cause or require to be inserted in full, in all such contracts subject to such regulations, provisions meeting the requirements of 29 CFR Part 5.5 and, for such contracts in excess of $10,000, 29 CFR Part 5a.3. No award of contract covered under the Agreement shall be made to any contractor who is at the time ineligible to receive an award of contract under the applicable regulations of the United States Department of Labor. 4.Environmental and energy laws. a.Section 104(h) of the Housing and Community Development Act of 1974, which prohibits the release or commitment of funds to any person, unless an appropriate environmental review has been conducted for the activity or program being funded, all other environmental requirements for the conduct of such activity or program have been satisfied, and all proper authorizations to proceed with such activity or program have been received from HUD. b.Section 106 of the National Historic Preservation Act, as amended, Executive Order 11593, and implementing regulations when published, and the provisions of 16 U.S.C. {} 469a-1, relating to the threat to pre-historical, historical, or archeological data by federal construction projects, when performing environmental assessments under the National Environmental Policy Act of 1969, as amended, and implementing regulations when published. c. Section 114 of the Clean Air Act, as amended, and implementing regulations when published. d. Section 308 of the Water Pollution Control Act, as amended, and implementing regulations when published. e.The provisions of 24 CFR Part 35, as amended, which provides that no lead-based paints shall be used in construction or rehabilitation work performed under projects funded with federal financial assistance. f.The provisions of 24 CFR Part 39, as amended, which provides that the performance of rehabilitation work shall conform to HUD energy standards for cost-effectiveness. g. Executive Order 11296, as amended, and implementing regulations when published, which relates to the evaluation of flood hazards. 4 of 5 EXHIBIT F INSURANCE REQUIREMENTS The policy or policies of insurance maintained by Subrecipient shall provide the following limits and coverages: POLICY MINIMUM LIMITS OF LIABILITY Worker’s Compensation Statutory Comprehensive Automobile Liability (including owned, hired, and non- owned automobiles) $I,000,000 Bodily Injury each person $i,000,000 Bodily Injury each occurrence $!,000,000 Property Damage each occurrence Comprehensive General Liability (including Products and completed operations, broad form contractual, and personal injury) $i,000,000 Bodily Injury each person $i,000,000 Bodily Injury each occurrence $i,000,000 Bodily Injury aggregate $I,000,000 Property Damage each occurrence Any deductibles or self-insurance retentions must be declared to and approved by the City. At the option of the City, either: the insurer shall reduce or eliminate such deductibles or self-insured retentions as respects the City, its officers, officials, employees and volunteers; or the Subrecipient shall procure a bond guaranteeing payment of losses and related investigations, claim administration and defense expenses. Insurance shall be in full force and effect commencing on the first day of the term of this Agreement. Each insurance policy required by this Agreement shall contain the fol!owing clauses: "This insurance shall not be suspended, voided, cancelled, reduced in coverage or in limits except after thirty (30) days written notice has been given to the City by certified mail, return receipt requested." "All rights of subrogation are hereby waived against the City and the members of the City Council and elective or appointive officers or employees, when acting within the scope of their employment or appointment." o "The City, its officers, employees, agents and volunteers are to be covered as insureds as respects: liability arising out of activities performed by or on behalf of the Subrecipient, products and completed operations of the Subrecipient; premises owned, occupied or used by the Subrecipient; or automobiles owned, leased, hired or borrowed by the Subrecipient. The coverage shall contain no special limitations on the scope of protection afforded to the City, its officers, officials, employees, agents or volunteers." "It is agreed that any insurance maintained by the City of Pa!o Alto will apply in excess of, and not contribute to, insurance provided by the Subrecipient." "Any failure to comply with reporting or other provisions of the policies including breaches of warranties shall not affect coverage provided to the City, its officers, officials, employees, agents or volunteers." "Insurance shall apply separately to each insured against whom claim is made or suit is brought, except with respect to the limits of the insurer’s liability." All insurance coverage required under this Agreement shall be provided through carriers with a Best’s Key Rating Guide rating of X:VII or higher that are admitted to do business in the State of California. The certificate(s) of insurance evidencing such coverage shall be completed and executed by an authorized representative of the Company providing insurance, and shall be filed with and approved by the City.