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HomeMy WebLinkAbout2004-09-27 City Council (2)FROM: City of Palo Alto C ty Manager’s Report HONORABLE CITY COUNCIL CITY MANAGER DEPARTMENT: PLANNING AND COMMUNITY ENVIRONMENT DATE:SEPTEMBER 27, 2004 CMR: 404:04 SUBJECT:APPROVAL OF AN AGREEMENT IN THE AMOUNT OF $113,672 WITH PALO ALTO HOUSING CORPORATION AND PAHC APARTMENTS, INC. FOR FUNDS ALLOCATED DURING FISCAL YEAR 2003/04 UNDER THE COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM (SECOND AGREEMENT) RECOMMENDATION Staff recommends that the City Council approve and authorize the City Manager or his designee to execute the attached second agreement in the amount of $113,672 with Palo Alto Housing Corporation and PAHC Apartments, Inc. to replace the domestic water supply system at Oak Manor Townhouses located at 630 Los Robles Avenue. BACKGROUND PAHC applied for fiscal year 2003/04 Community Development Block Grant (CDBG) funding to assist in replacing the water supply system at Oak Manor Townhouses on behalf of PAHC Apartments, Inc. On May 12, 2003, the City Council approved allocating $113,672 in fiscal year 2003/04 CDBG funds to the Oak Manor domestic water system project. The agreement was previously approved by the City Council on March 22, 2004. However, after City Council approval, some minor errors were discovered in the agreement. DISCUSSION The attached second agreement reflects the changes that were made to the original agreement. The revisions include changing the name of the entity from Palo Alto Housing Corporation Apartments, Inc. to PAHC Apartments, Inc. and making changes to the use, occupancy and rent restrictions to correspond with the restrictions in the original agreement. CMR: 404:04 Page 1 of 2 RESOURCE IMPACT The $113,672 of the agreement will be funded with federal CDBG funds provided through the U.S. Department of Housing and Urban Development (HUD). Repayment of the loan will not be required unless the property is sold or the program terminated or changed to a use that has not been approved by the City prior to July 1, 2033. POLICY IMPLICATION The revisions to the original contract do not represent any change to City policies. ENVIRONMENTAL REVIEW HUD environmental regulations for the CDBG program is contained in 24 CFR 58 "Environmental Review Procedures for Title I Community Development Block Grant Programs." The Oak Manor Townhouses domestic water system project meets the conditions specified for exemption under 24 CFR Part 58.34. ATTACHMENTS Attachment A:Agreement Between the City of Palo Alto and Palo Alto Housing Corporation (PAHC) and PAHC Apartments, Inc. for Funds Allocated During Fiscal Year 2003/04 Under the Community Development Block Grant Program (Second Agreement) PREPARED BY: ~@~~’~’" ~ E~Z~~~~/~ARCIA, Associate Planner-CDBG APPROVED BY: _/./’][[A ~-/~ ~ ST~fE" ~I~I~LIE, Dir~-~tor of Planni~munity Environment EMILY HAR~SO~s~-stant ~nager Cc:Palo Alto Housing Corporation CMR: 404:04 Page 2 of 2 AGREEMENT BETWEEN THE CITY OF PALO ALTO AND PALOALTO HOUSING CORPORATION (PAHC)~AND PAHC APARTMENTS, INC. FOR FUNDS ALLOCATED DURING FISCAL YEAR 2003/04 UNDER THE COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM (SECOND AGREEMENT) This Agreement No. is entered into , 2004, by and between the CITY OF PALO ALTO, a chartered city and a municipal corporation of the State of California (~City"), and PALO ALTO HOUSING CORPORATION, a corporation duly organized and existing under the Nonprofit Corporation Law of the State of California (~PAHC"), and PAHC APARTMENTS, INC., a corporation duly organized and existing under the Nonprofit Corporation Law of the State of California ("PAHCA, INC."). 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, PAHCA, INC. is a private non-profit organization which develops and operates low and moderate income housing in the City; and WHEREAS, PALO ALTO HOUSING APARTMENT CORPORATION, INC., is a controlled affiliate of PALO ALTO HOUSING CORPORATION, with identical boards of directors; and WHEREAS, PAHC has requested funds to replace the domestic water supply system at Oak Manor Townhouses (the "Project") located at 630 Los Robles Avenue, Palo Alto, California which is owned by its controlled affiliate~ PAHCA, Inc. but managed by PAHC; and WHEREAS, City wishes to lend,funds to PAHCA, INC., and forgive the loan if certain conditions are met by PAHC and PAHCA, INC., for the purposes set forth in this Agreement, and any exhibits thereto; and WHEREAS, City has approved and authorized the provision of up to One Hundred Thirteen Thousand Six Hundred Seventy Two Dollars ($i13,672~ drawn from FY 2003/04 CDBG funds 040316 syn 8250088 1 to PAHCA, INC. for the purposes and under the terms contained herein; and 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 PAHCA, INC. under the terms and conditions of this Agreement, except with respect to compliance with Federal Regulations. WHEREAS, on May i, 2004, the parties entered into Agreement No. C04104144 for funds allocated during fiscal year 2003/04 under the Community Development Block Grant Program (First Agreement). This Second Agreement supersedes the First Agreement in its entirety. NOW, THEREFORE, in consideration of the covenants, terms, conditions, and provisions set forth in this Agreement, the parties agree: SECTION i. SECOND AGREEMENT This Second Agreement supersedes the First Agreement in its entirety. SECTION 2. TERM 2.1 Time of Performance. This Agreement shall commence on the day above written and terminate on December 31, 2033. The term of this agreement and the provisions herein shall be extended to cover any additional time period during which the PAHCA, INC. remains in control of Funds or other assets including program income. SECTION 3.SCOPE OF SERVICE 3.1 Activities.PAHCA, INC. shall replace the domestic water supply system at Oak Manor Townhouses at 630 Los Robles Avenue, in Palo Alto ("Project"), as more fully described in Exhibit ~A" which is incorporated herein by reference and made a part of this agreement. 3.2 Provision of Funds. The City agrees to make a loan to PAHCA, INC. of the principal amount of One Hundred Thirteen Thousand Six Hundred Seventy-Two Dollars ($113,672) drawn from its CDBG funds for Phase I of the Oak Manor Townhouses Domestic Water System project as shown on the attached scope of services ("Exhibit A"). Phase I shall include the replacement of water mains from meter with the 2-1/2" RPP 040316 syn 8250088 device, tie into all branch lines below plumbing with isolation ball valves, two branch lines for every two units° The city shall not provide any funding for Phase II costs which shall include the plumbing of internal units (total of 33) from new branch lines to all fixtures as per specifications. Repair sheetrock to paint-ready surface. PAHC agrees to perform construction management services for Phase I and Phase II of the project, including coordinating the work of the construction contractors at no cost. In the event that the amounts payable by PAHCA, .INC., to any and all sources for the Project-Phase I costs shall exceed the sum $113,672, then PAHCA, INC. shall be solely responsible for paying any and all amounts in excess of $113,672 and the City shall not be obligated to loan any amount in excess of the commitment set forth herein. City shall make funds available to PAHCA on the following basis: (i) (2) City has reviewed and approved the bidding process and the contract for the rehabilitation . work; and PAHCA, INC. has provided City with a copy of the actual invoice(s) for work done and performed in accordance with this Agreement; (3)Project is in compliance with all Federal, State and City Rules and Regulations. 3.3 Performance Monitoring.The City will ~monitor the performance of PAHC and PAHCA,INC. against~ goals and performance standards required herein.CITY will retain a consultant who will monitor labor to be performed pursuant to this Agreement according to Davis-Bacon Act standards (~Consultant") CITY will be responsible for directing all work to be performed by Consultant, and Consultant will report directly to CITY. PAHCA, INC. agrees that CITY shall charge the cost of the Labor Monitoring Consultant against the project funds. .Total cost for such labor monitoring services will not exceed Ten Thousand Dollars ($i0,000) and will be paid from the project funds. Any unexpended funds, after payment of all labor monitoring costs, may be used by PAHCA, INC. for project construction costs for Phase I, only. Substandard performance as determined by the City will constitute non-compliance with this Agreement. If action to correct such substandard performance is not taken by PAHC and PAHCA, INC. within a 040316 syn 8250088 reasonable period, of time after being notified by the City, contract suspension or termination procedures will be initiated. SECTION 4. TRANSFER OF FUNDS AND SECURITY 4.1. City Loan. City shall pay to PAHCA, INC. a sum of money in an amount not to exceed One Hundred Thirteen Thousand Six Hundred Seventy Two Dollars ($113,672) for the purposes set forth in Section 3 and Exhibit ~A". Payment of such sum shall be evidenced by a promissory note (~Note"), in the form attached hereto as Exhibit ~B" and incorporated herein by this reference. The entire sum transferred, and any part of it, shall, at the option of City, become immediately due and payable upon the occurrence of any of the following conditions: (i)The failure by PAHC and PAHCA, INC. to commence and complete the Project services set forth in this Agreement before the termination date of June 30, 2005; (2)PAHC’s and PAHCA, INC.’s breach in performance of the Project or any of the terms of this agreement between City and PAHCA, INC.; (3)A use by PAHCA, INC. of the Project, prior to October i, 2033, which violates the applicable provisions of City’s Charter, ordinances, or regulations, or which is not an ~eligible activity" under the Program of the Housing and Community Development Acts of 1974 and 1977, as amended, and the regulations issued pursuant thereto, by HUD or a successor agency; or (4)An uncured default under this Agreement or the Note. This shall be a simple interest, noncompounding loan with interest at three percent (3%) per annum. It is agreed that the loan shall be payable in monthly installments over ten (i0) years. However, all payments of interest and principal shall be deferred until October i, 2023, as long as PAHC and PAHCA, INC. continue to comply with all terms and conditions of this Agreement. If at any time any of the above conditions are not met, City has the right to demand repayment of the One Hundred Thirteen Thousand Six Hundred Seventy-Two Dollars ($113,672), plus all accrued interest and any other costs or amounts due. 040316 syn 8250088 4 4.2 Use, Occupancy and Rent Restrictions. PAHCA, Inc. shall operate and maintain the Project as a 9ental housing complex for occupancy by Very Low Income Households and Low-Income Households. Without derogating the importance of PAHCA, Inc.’s compliance with the other provisions of this Agreement, PAHCA, Inc.’s compliance with Section 4.2 is of particular importance to City and is one of the principal reasons for which City agreed to make the Project loan to PAHCA, Inc. 4.2.1 Very Low-Income Units (a)At all times during the term of this Agreement, at least seventeen (17) of the Units shall be rented and occupied by, Or if vacant, made available for rental and occupancy by, Very Low- Income households, as certified according to Section 4.3 immediately prior to each Tenant’s initial occupancy and annually thereafter~ Very- Low Income means a household whose annual income, adjusted for household size, does not exceed the Very-Low limit as published annually for Santa Clara County by the California Tax Credit- Allocation Committee (CTCAC). (b)Subject to Section 4.3 below, the maximum monthly Rent charged to each of the Tenants of the Very. Low-Income Units shall not exceed 50% of the average rent for the 100% Area Median Income level, as published annually for the Santa Clara County based on the size of the actual unit. The current maximum rents for 2 and 3 bedroom units are listed in the following table: CALIFORNIA TAX CREDIT ALLOCATION COMMITTEE 2004 Maximum Rents Santa Clara County Effective:February 9, 2004 2 Bedroom 3 Bedroom 100% Income Level $2,386 $2,758 50% Income Level $1,193 $1,379 040316 syn 8250088 (c)Owner may designate any seventeen (17) of the Project’s thirty-three (33) Units as the required Very Low-Income Units and may change the designated Very Low-Income Units from time to time, as vacancies occur and Tenant incomes and household composition changes. (d)If a household ceases to qualify as Very Low Income, as required by this Agreement, the household may be included in the Low Income category, if they do not exceed the Low Income limits. If a household’s status changes from Very Low Income to Low Income, the next vacancy shall be filled by a Very Low Income household to restore the unit balance. 4.2.2 Low-Income Units (a)At all times during the term of this Agreement, not more than fifteen (15) of the Units shall be rented and occupied by, or if vacant, made available for renta! and occupancy by, Low-Income households, as certified according to Section 3.3 immediately prior to each Tenant’s initial occupancy and annually thereafter. Low Income for the purposes of this agreement means a household whose annual income, adjusted for household size, does not exceed 66% (sixty-six percent) of the Area Median Income for Santa Clara County. (b)Subject to Section 4.3 below, the maximum monthly Rent charged to each of the Tenants of the Very Low’Income Units shall not exceed 66% (sixty-six percent) of the average rent for the 100% (one- hundred percent) Income Level, as published annually for Santa Clara County by the California Tax Credit Allocation Committee (CTAC) based on the size of the actual unit. The current CTAC maximum rents for 2 and 3 bedroom units are listed in the following table: CALIFORNIA TAX CREDIT ALLOCATION COMI~ITTEE 2004 Maximum Rents Santa Clara County Effective: February9, 2004 2 Bedroom 100% Income Level $2,386 66% Income Level $1,575 3 Bedroom $2,758 $1,820 040316 syn 8250088 6 (c)A household will cease to qualify for tenancy if their income exceeds 140% of the highest income eligible upon entering the unit. Upon exceeding the 140% threshold, the household will be given 90 days to vacate the unit. 4.2.3 Other Units (a)The remaining one (i) Unit is not required to comply with the rent and occupancy restrictions of this Section 4.2 if it is occupied by a resident manager, as a condition of. employment. 4.2.4 Units Occupied by Section 8 Assisted Households Units occupied by Section 8 Assisted Households shall be considered to be qualified Very Low or Low-Income Units based on each household’s annual income as certified pursuant to regulations and procedures of the Section 8 Assistance Program. Notwithstanding anything to the contrary contained.in Section 3.2.1 or 3.2.2, the Rent for Units occupied by Section 8 Assisted Households shall be set pursuant to Section 8 regulations and procedures. 4.2.5 Vacancies Vacancies shall be filled in a manner to maintain the allocation of units as described in this Agreement.’ Seventeen (17) units shall .be maintained for Very Low Income households; fifteen (15) units shall be maintained by Low Income Households; and one (i) unit shall be maintained for a resident manager. 4.2.6 Noncompliance A failure by PAHCA, Inc to maintain the rent affordability and occupancy restrictions required by this Agreement will constitute a default of this Agreement. The Project will comply with the affordability covenants, notwithstanding a temporary noncompliance with the provisions of this Article, if the noncompliance arises as a result of an increase in the income of any Tenant, and if the next vacancy is filled in accordance with this Agreement. 040316 syn 8250088 4.2.7 Lease Provisions PAHCA, Inc. shall include in the leases or rental agreements for all Units occupied by Very Low Income or Low Income Households a provision which authorizes PAHCA, Inc. to immediately terminate the tenancy of any Tenant after PAHCA, Inc. determines that one or more members of such Tenant’s household has misrepresented any fact material to the Tenant’s qualification for occupancy. Each lease or rental agreement shall provide that the Tenant is subject to the requirement for the execution of an annual income certification in accordance with Section 3.3 below, and that, if the Tenant’s income increases above the applicable income limits, such Tenant’s Rent may be increased. 4.3 Income Certification PAHCA, Inc. will obtain, complete and maintain on file, immediately prior to initial occupancy and annually thereafter, an income certification from each Tenant renting any of the Very Low-Income and Low-Income Units. PAHCA, Inc. shall make a good faith effort to verify that the income provided by an applicant or occupying household, in an income certification. is accurate in accordance with the CDBG Regulations. Copies of tenant income certifications shall be made available to the City, including its designated representatives= and HUD upon request. SECTION 5.NOTICES 5.1 Communications. All notices, correspondence, and other communications concerning this Agreement shall be directed to the parties’ duly authorized representatives at the addresses set forth below or at any other addresses as may be noticed, in writing: CITY:City of Palo Alto Department of Planning & Community Environment Attn: CDBG Coordinator 250 Hamilton Avenue Palo Alto, CA 94301 PAHCA, INC.PAHC Apartments, Inc. Attn: President, Board of Directors 725 Alma Street Palo Alto, CA 94301 040316 syn 8250088 and PAHC :Palo Alto Housing Corporation Attn: Executive Director 725 Alma Street Palo Alto, CA 94301 SECTION 6. SPECIAL CONDITIONS 6.1 Compliance with Federal Regulations. PAHC and PAHCA, INC. agree to comply with the requirements of the Housing and Urban Development regulations concerning Community Development Block Grants (24 CFR Part 570) and all federal regulations and policies issued pursuant to these Regulations. PAHCA, INC. further agrees to utilize Funds available under this Agreement to supplement rather than supplant Funds otherwise available. 6.2. National Objectives.PAHC and PAHCA, INC. certify that the activities carried out with funds provided under this Agreement will meet the CDBG Program’s National Objective of benefiting low/moderate income persons as defined in 24 CFR, Part 570.208. 6.3 PAHC and PAHCA, INC. shall procure all subcontractors, consistent with Federal . procurement requirements. All bid documents must be reviewed and approved by the City or its designee before being made available to the public. PAHCA, INC. shall sign a written agreement(s) with selected subcontractor(s), and shall direct,manage and reimburse all project subcontractors. SECTION ~7.GENERAL CONDITIONS 7.1 General Compliance. PAHC and PAHCA, INC. agree to comply with all applicable federal, state, county,and municipal laws, ordinances, resolutions, rules, policies,and regulations ("Laws") governing the Funds provided underthis Agreement. 7.2 Independent Contractor. 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. PAHC and PAHCA, INC. shall at all times remain independent contractors with respect to the services to be performed under this Agreement. The City shall be exempt from payment of all unemployment compensation, FICA, 040316 syn 8250088 retirement, life and/or medical insurance and workers’ compensation insurance as PAHC and PAHCA, INC. is an independent contractor. 7.3 Hold Harmless. PAHC and PAHCA, INC. shall hold harmless, defend and indemnify the City, its council members, officers and employees from any and all claims, actions, suits, charges and judgments whatsoever that arise out of PAHC’s and PAHCA, INC.’s performance or nonperformance of the Services or subject matter called for in this Agreement. 7.4 Insurance and Bonding. PAHCA, INC., at its sole cost and expense, shall obtain and maintain during the term of this Agreement, insurance as more fully described in Exhibit "C" which is incorporated herein by reference and made a part of this Agreement. PAHCA, INC. shall comply with the bonding and insurance requirements of Attachment B of OMB Circular A-II0, Bonding and Insurance. 7.5 Funding Recognition. PAHC and PAHCA, INC. shall ensure recognition of the role of the City in providing services through this Agreement. All activities, facilities and items utilized pursuant to this Agreement shall be prominently labeled as to funding source. In addition, PAHC and PAHCA, INC. will include a reference to the support provided herein in all publications made possible with Funds made available under this Agreement. 7.6 Amendments. The parties may amend this Agreement at any time provided that such amendments make specific reference to this Agreement, and are executed in writing, and signed by their duly authorized representatives. Such amendments shall not invalidate this Agreement, nor relieve or release any party from its obligations under this Agreement. At any time during the term of this Agreement, the City, in its discretion, may amend this Agreement to conform with federal, state or local governmental guidelines, policies and available funding amounts, or for any other reasons. If such amendments result in a change in the funding, the scope of Services, or schedule of, the activities to be undertaken as part of this Agreement, such modifications will be incorporated only by written amendment signed by the parties. 7.7 Suspension or Termination. 7.7.1 Either party may terminate this Agreement at any time by giving written notice to the other party of such termination and specifying the effective date thereof at least 040316 syn 8250088 10 30 days before .the effective date of such termination. If PAHCA, INC. terminates the Agreement, all sums transferred to PAHCA, INC. pursuant to this Agreement and the Note shall become immediately due and payable to City. Partial termination of the Scope of Services described in Exhibit ~A" may only be undertaken with the prior approval of the CITY. 7.7.2 The CITY may also suspend or terminate this Agreement, in whole or in part, if PAHC and PAHCA, INC. materially fail to comply with any covenant, term, condition, or provision of this Agreement, or with any of the rules, regulations or provision referred to herein; and the CITY may declare PAHC and PAHCA, INC. ineligible for any further participation in CITY contracts, in addition to other remedies as provided by Law. In the event ther4 is probable cause to believe PAHC and PAHCA, INC. are in noncompliance with any applicable rules or regulations, the CITY may withhold up to fifteen percent (15%) of the Funds until such time as PAHC and PAHCA, INC. are found to be in compliance by the City, or are otherwise adjudicated to be in compliance. SECTION 8.ADMINISTRATIVE REQUIREMENTS 8.1 Financial Management. 8.1.1 Accounting Standards. PAHC and PAHCA, INC. agree to comply with Attachment F of OMB Circular A-II0 and agree to adhere to the accounting principles and procedures required therein, utilize adequate internal controls and maintain necessary source documentation for all costs incurred. 8.1.2 Cost Principles. PAHC and PAHCA, INC. shall administer its program in conformance with OMB Circulars A-122, ~Cost Principles for Non-Profit Organizations," or A-21, "Cost Principles for Educational Institutions," as applicable. These principles shall be applied for all costs incurred whether charged on a direct or indirect basis. 8.2 Documentation and Record-Keeping. 8.2.1 Records to be Maintained. PAHC and PAHCA, INC. shall maintain all records required by the federal regulations specified in 24 CFR Section 570.506, and that are pertinent to the activities to be funded under this Agreement. Such records shall include, but are not limited to: (a)Records providing a activity undertaken; full description of each 040316 syn 8250088 11 (b) (c) Records demonstrating that each activity undertaken meets a National Objective of the CDBG Program; Records required to determine the eligibility of activities; (d)Records required to document the acquisition, improvement, use or disposition of real property acquired or improved with CDBG assistance; (e)Records documenting compliance with the fair housing and equal opportunity component of the CDBG Program; (f)Financial records as required by 24 CFR Section 570.502, and OMB Circular A-II0; and (g)Other records necessary to document compliance with Subpart K of 24 CFR Part 570. 8.2.2 Retention. PAHC and PAHCA, INC. shall retain all records pertinent to expenditures incurred under this Agreement for a period of four (4) years after the termination of all activities funded under this Agreement, or after the resolution of all federal audit findings, whichever occurs later. Records for non-expendable property acquired with Funds under this Agreement shall be retained for four (4) years after final disposition of such property. Records for any displaced person must be kept for four (4) years after he or she has received final payment. Notwithstanding the above, if there is litigation, claims’, audits, negotiations or other actions that involve any of the records cited and that have started before the expiration of the four-year period, then such records must be retained until completion of the actions and resolution of all issues, or the expiration of the four-year period, whichever occurs later. 8.2.3 Client Data.PAHC and PAHCA, INC. shall maintain confidential records of client data demonstrating client eligibility for services.Such data shall include, but not be limited to, client name,address, income level or other basis for determining eligibility, and ethnicity. Such information shall be made available to the City’s monitors or their designees for review upon request in order to determine compliance with the Agreement. 040316 syn 8250088 12 8.2.4 Disclosure. PAHC and PAHCA, INC. understand that client information collected under this Agreement is private and the use or disclosure of such information, when not directly connected with the administration of the City’s or PAHC’s and PAHCA, INC.’s responsibilities with respect to Services provided under this Agreement, is prohibited by the laws of the State of California, unless written consent is obtained from such person receiving the service and, in the case of a minor, that of a responsible parent or guardian. 8.2.5 Property Records. PAHC and PAHCA, INC. shall maintain real property inventory records which clearly identify properties purchased, improved or sold. Properties retained shall continue to meet eligibility criteria and shall conform with the ~changes in use" restrictions specified in 24 CFR Section 570.503(b) (8), as applicable. 8.2.6 National Objectives. PAHC and PAHCA, INC. agree to maintain documentation that demonstrates that the activities carried out with Funds provided under this Agreement meet the CDBG Program’s national objective of benefiting low and moderate income persons, as defined in 24 CFR Section 570.208. 8.2.7 Close-Outs. PAHC’s and PAHCA, INC.’s obligation to the City shall not end until all close-out requirements are completed. Activities during this close-out period shall include, but are not limited to, making final payments, disposing of CDBG Program assets (including the return of all unused materials, equipment, unspent cash advances, program income balances, and receivable accounts to the City), and determining the custodianship of records. 8.2.8 Audits and Inspections. All of the PAHC’s and PAHCA, INC.’s records with respect to any matters covered by this Agreement shall be made available to the City, grantor agency, their designees or the Government of the United States, at any time during normal business hours, as often as the City or grantor agency deems necessary, to audit, examine, and make excerpts or transcripts of all relevant data. Any deficiencies noted in audit reports must be fully cleared by the PAHC and PAHCA, INC. within 30 days after receipt by the PAHC and PAHCA, INC.. Failure of the PAHC and PAHCA, INC. to comply with the above audit requirements will constitute a violation of this Agreement and may result in the withholding of future payments. PAHC and PAHCA, INC. agree to have an annual agency audit conducted in accordance with current City policy concerning the 040316 syn 8250088 13 PAHC’s and PAHCA, INC.’s audits, and as applicable, OMB Circular A-133. 8.3 Procedures Concerning Reporting and Payments° 8.3.1 Budgets. PAHC and PAHCA, INC. shall submit a detailed budget of a form and content prescribed by the City for its approval. The parties may agree to revise the budget from time to time in accordance with existing City policies. 8.3.2 Program Income. Any income or earnings received by BORROWER which are directly generated from the use of Community Development Block Grant funds hereinafter "Program Income" shall be reported by BORROWER to City on a quarterly basis. All Program Income shall: (i) be used solely to offset the operating expenses of the activities funded under this Agreement; (2) be subject to all the provisions of this Agreement; and (3) be expended prior to submission of a Request for Reimbursement. Any Program Income on hand when this Agreement expires or terminates or any Program Income received after this Agreement expires or terminates, shall be promptly paid to CITY. CITY may, at its option, require remittance of Program Income cash balances at the end of each fiscal year. a. All rents or other payment collected from project tenants during the term of this Agreement shall be used by BORROWER solely to further project activities. b. Rents or other income collected which remains unspent at the end of the term of this Agreement shall be used by BORROWER solely to further project activities or shall be reimbursed to CITY. c. Rents or other income received after the term of this Agreement shall not be subject to this Agreement. 8.3.3 Reversion of Assets. Upon the expiration of this Agreement, Borrower shall transfer to CITY and CDBG Funds on hand at the time of expiration and any accounts receivable attributable to the use of CDBG Funds, except as allowed under Section 15, Program Income. Any real estate property under BORROWER’S control that was acquired or improved in whole or in part with CDBG Funds in excess of Twenty-Five Thousand Dollars ($25,000) must either be used to meet one of the national objectives in 570.208 for a period of five years or be disposed of in a manner that results in the CITY being reimbursed in the amount of the current fair market value of the property less any 040316 syn 8250088 14 portion of the value attributable to expenditures of non-CDBG funds for acquisition of, or improvement to, the property. 8.3.4 Indirect Costs. If indirect costs are chargedl PAHC and PAHCA, INC. shall develop an indirect cost allocation plan for determining the appropriate City share of administrative costs and shall submit such plan to the City for approval, in a form specified by the City. 8.3.5 Payment Procedures. The City will pay to PAHCA, INC. funds available under this Agreement based upon information submitted by the PAHCA, INC. and consistent with any approved budget and City policy concerning payments. With the exception of certain advances, payments will ~be made for eligible expenses actually incurred by PAHCA, INC., and not to exceed actua! cash requirements. Payments will be adjusted by the City in accordance with advance fund and program income balances available in the PAHCA, INC. accounts. The City shall withhold ten percent (10%) of funds from each reimbursement request from PAHC, Inc. The ten percent (10%) of withheld funds shall be released at the completion of the pro3ect and when PAHCA, Inc. has demonstrated to the City that all CDBG requirements, which include but are not limited to: prevailing wages and labor standards and equal opportunity requirements, which include but are not limited to prevailing wages and labor standards and equal opportunity requirements have been met. In addition, the City reserves the right to liquidate Funds available under this Agreement for costs incurred by the City on- behalf of PAHCA, INC. 8.3.6 Progress Reports. PAHC and PAHCA, INC. shall be responsible for filing periodic reports, including but not limited to monthly activity reports and weekly certif’ied wage payment reports which evaluate the manner in which the project is achieving its goals and objectives according to standards established by City. The report shall be on forms approved by City and shall be filed within five (5) days of the request by the City. 8.4 Procurement. 8.4.1 Compliance. PAHC and PAHCA, INC. shall comply with current City policy concerning the purchase of equipment and shall maintain inventory records of all non-expendable personal property as defined by such policy as may be procured with Funds provided herein. All program assets, including, without limitation, unexpended program income, property, and 040316 syn 8250088 15 equipment, shall revert to the City upon termination of this Agreement. . 8.4.2 OMB Standards. PAHC and PAHCA, INC. shall procure materials in accordance with the requirements of Attachment 0 of OMB Circular A-II0, Procurement Standards, and shall subsequently follow Attachment N of OMB Circular A-II0, Property Management Standards, as modified by 24 CFR 470.502(b) (6) covering utilization and disposal of property. 8.4.3 Travel. PAHC and PAHCA, INC. shall obtain written approval from the City for any travel outside the metropolitan area with Funds provided under this Agreement. 8.4.4 Relocation. PAHC and PAHCA, INC. agree to comply with (a) the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970, as amended (URA), and implementing regulations at 49 CFR Part 24 and 24 CFR 570.606(b); (b) the requirements of 24 CFR 570.606(c) governing the Residential Antidisplacement and Relocation Assistance Plan under section 104(d) of the HCD Act; and (c) the requirements in CFR 570.606(d) governing optional relocation policies. PAHCA, INC. shall provide relocation assistance to persons (families, individuals, businesses, nonprofit organizations and farms) that are displaced as a direct result of acquisition, rehabilitation, demolition or conversion for a CDBG-assisted project. PAHC and PAHCA, INC. also agrees to comply with applicable City ordinances, resolutions and policies concerning the displacement of persons from their residences. SECTION 9. PERSONNELAND PARTICIPANT CONDITIONS 9.1 Civil Rights. 9.1.1 Compliance.PAHC and PAHCA, INC. agree to comply with all federal, state, and local laws, including, without limitation, Title VI of the Civil Rights Act of 1964, as amended, Title VIII of the Civil Rights Act of 1968, as amended, Section 104(b) and Section 109 of Title I of the Housing and Community Development Act of 1974, as amended, Section 504 of the Rehabilitation Act of 1973, the Americans with Disabilities Act of 1990, the Age Discrimination Act of 1975, Executive Order 11063, and Executive Order 11246, as amended by Executive Orders 11375 and 12086. 9.1.2 Nondiscrimination. PAHC and PAHCA, INC. will not discriminate against any employee or applicant for employment because of race, skin color, gender, age, religion, 040316 syn 8250088 16 disability, national origin, ancestry, sexual orientation, housing status, marital status, familial status, weight or height of such person° PAHC and PAHCA, INC. will take affirmative action to ensure that all employment practices are free from such discrimination and in compliance with all Federal, State and local directives and executive orders regarding nondiscrimination in employment. Such employment practices include, but are not limited to the following: hiring, upgrading, demotion,transfer, recruitment or recruitment advertising, layoff,termination, rates of pay or other forms of compensation,and selection for training, including apprenticeship. PAHC and PAHCA, INC. agree to post in conspicuous places, available to employees and applicants for employment, notices to be provided by the contracting agency setting forth the provision of this nondiscrimination clause. 9.1.3 Land Covenants. This Agreement is subject to the requirements of Title VI of the Civil Rights Act of 1964, as amended, and 24 CFR Part 570.601 and 602. In regard to the sale, lease, or other transfer of land acquired, cleared or improved with assistance provided under this Agreement, PAHC and PAHCA, INC. shall cause or require a covenant running with the land to be inserted in the deed or lease for such transfer, prohibiting discrimination as herein defined, in the sale, lease or rental, or in the use or occupancy of such land, or in any improvements erected or to be erected thereon, providing that the City and the United States are beneficlaries of and entitled to enforce such covenants. PAHC and PAHCA, INC., in undertaking their obligation to carry out the CDBG Program assisted hereunder, agree to take such measures as are necessary to enforce such covenant, and will not themselves so ~discriminate. 9.1.4 Section 504. PAHC and PAHCA, INC. agree to comply with any federal regulations issued pursuant to and in compliance with Section 504 of the Rehabilitation Act of 1973 (29 U.S.C. 706), as amended, which prohibit discrimination against the disabled in any federally assisted program. The City shall provide PAHC and PAHCA, INC. with any guidelines necessary for compliance with that portion of the regulations in force during the term of this Agreement. 9.2 Affirmative Action. 9.2.1 Compliance With California Constitution. Article I Section 31 of the California Constitution, adopted by. the People of the State of California as Proposition 209 1996, prohibits the City from discrimination or the grant of preferential treatment on the basis of race, sex, color, 040316 syn 8250088 17 ethnicity or national origin in public employment, public education, and public contracting. Article I, Section 31 (e) provides that nothing in Section 31 shall be interpreted as prohibiting actions which must be taken to establish or maintain eligibility for any federal program where ineligibility would result in a loss of federal funds to the City. The provisions of this Section 9.2 are those necessary to establish and maintain eligibility for federal funds. At such time as any provision of this Section 9.2 is not required to establish and maintain such eligibility, that provision shall be waived by City. If PAHC and PAHCA, INC. believe any provision of this Section 9.2 should be waived under this Section 9.2.1, PAHC and PAHCA, INC. shall provide notice to City in writing, identifying the provision for which a waiver is sought and the legal basis for the waiver. City shall respond to the request for waiver within thirty days after notice is received. 9.2.2 Approved Plan. The PAHCA, INC. agrees that it shall be committed to carry out pursuant to the City’s specifications an affirmative action program in keeping with the principles as provided in Executive Order 11246 (September 24, 1965). The City shall provide affirmative action guidelines to PAHC and PAHCA, INC. to assist in the formulation of such program. PAHC and PAHCA, INC. shall submit a plan for an affirmative action program for approval prior to the award of Funds. 9.2.3 Women and Minority Business Enterprises. PAHC and PAHCA, INC. will use their best efforts to afford minority and women-owned business enterprises the maximum practicable opportunity participate in the performance of this Agreement. As used in this.~ Agreement, the term ~minority and female business enterprise" means a business at least fifty-one percent (51%) owned and controlled by minority group members or women. For the purpose of this definition, "minority group members" are Afro-Americans, Spanish-speaking, Spanish surname or Spanish- heritage Americans, Asian-Americans, and American Indians. PAHC and PAHCA, INC. may rely on written representations by businesses regarding their status as minority and female business enterprises in lieu of an independent investigation. 9.2.4 Access to Records. PAHC and PAHCA, INC. shall furnish and cause each of its contractors or subcontractors to furnish all information and reports required hereunder and will permit access to its books, records and accounts by the City, HUD or its agent, or other authorized federal officials for purposes of investigation to ascertain compliance with rules, regulations and provisions stated herein. 040316 syn 8250088 18 9.2.5 Notifications. PAHC and PAHCA> INC. will send to each labor union or representative of workers with which it may’have a collective bargaining agreement or other contract or understanding, a notice, to be provided by the agency contracting officer, advising the labor union or worker’s representative of PAHC and PAHCA, INC.’s commitments hereunder, and shall post copies of the notice in conspicuous places available to employees and applicants for employment. 9.2.6 EEO/AA Statement. PAHC and PAHCA, INC. will, in all solicitations or advertisements for employees placed by or on behalf of PAHC and PAHCA, INC., state that they are an Equal Opportunity or Affirmative Action Employers. 9.2.7 Subcontract Provisions. PAHC and PAHCA, INC. will include the provisions of Sections 8.1 and 8.2 in every subcontract or purchase order, specifically or by reference, so that such provisions will be binding upon each contractor or subcontractor or vendor. 9.3 Employment Restrictions. 9.3.1 Prohibited Activity. PAHC and PAHCA, INC. are prohibited from using Funds provided herein or personnel employed in the administration of the CDBG Program for political activities, sectarian or religious activities, or lobbying, political patronage, and nepotism activities. 9.3.2 Labor Standards. PAHC and PAHCA, INC. agree to comply with the requirements of the Secretary of Labor in accordance with the Davis-Bacon Act, as amended, the provisions of Contract Work Hours, the Safety Standards Act, the Copeland "Anti-Kickback" Act (40 U.S.C. 276a-276a-5; 40 U.S.C. 327 and 40 U.S.C. 276c and all other applicable Laws pertaining to labor standards insofar as those acts apply to the performance of this Agreement. PAHC and PAHCA, INC. shall maintain documentation which demonstrates compliance with the hour and age requirements of this part. Such documentation shall be made available to the City for review upon request. PAHC and PAHCA, INC. agree that, except with respect to the rehabilitation or construction of residential property containing less than eight (8) units, all contractors engaged under contracts in excess of $2,000 for construction, renovation or repair of any building or work financed, in whole or in part, with assistance provided under this Agreement, shall comply with the federal requirements adopted by the City pertaining to such 040316 syn 8250088 19 contracts and with the applicable requirements of the regulations of the Department of Labor, under 29 CFR Parts i, 3, 5 and 7 governing the payment of wages and ratio of apprentices and trainees to journeymen; provided, that if wage rates higher than those required under the regulations are imposed by state or local laws, nothing hereunder is intended to relieve PAHC and PAHCA, INC. of their obligation, if any, to require payment of the higher wage. PAHC and PAHCA, INC. shall cause or require to be inserted in full, in all such contracts subject to such regulations, provisions meeting the requirements of this paragraph. 9.3.3 ~Section 3" Clause. (a)Compliance with the provisions of "Section 3" regulations set forth in 24 CFR Part 135, and all applicable rules and orders issued hereunder prior to the execution of this Agreement, shall be a condition of the federal financial assistance provided under this Agreement and binding upon the City, PAHC and PAHCA, INC. and any contractor or subcontractor. Failure to fulfill these requirements shall subject the City, the PAHCA, INC. and any contractor or subcontractor, their successors and assigns, to those sanctions specified by the agreement through which federal assistance is provided. PAHC and PAHCA, INC. certify and agree that no contractual or other disability exists which would prevent compliance with these requirements. PAHC and PAHCA, INC. further agrees to comply with these ~Section 3" requirements and to include the following language in all subcontracts executed under this Agreement: ~The work to be performed under this agreement is a project assisted under a program providing direct federal financial assistance from HUD and is subject to the requirements of Section 3 of the Housing and Urban Development Act of 1968, as amended, 12 U.S.C. 1701. "Section 3" requires that to the greatest extent feasible opportunities for training and employment be given to low and very low income residents of the project area and contracts for work in connection with the project be awarded to business concerns that provide economic opportunities for low and 040316 syn 8250088 2O (b very low income persons residing in the metropolitan area in which the project is located." PAHC and PAHCA, INC. further agree to ensure that opportunities for training and employment arising in connection with a housing rehabilitation (including reduction and abatement of lead-based paint hazards), housing construction, or other public construction project are given to low and very low income persons residing within the metropolitan area in which the CDBG-funded project is located; where feasible, priority should be given to low and very low income persons within the service area of the project or the neighborhood in which the project is located, and to low and very low income participants in other HUD programs; and award contracts for work undertaken in connection with a housing rehabilitation (including reduction and abatement of lead-based paint hazards), housing construction, or other public construction project are given to business concerns that provide economic opportunities for low and very low income persons residing within the metropolitan area in which the CDBG-funded project is located; where feasible priority should be given to business concerns which provide economic opportunities to low and very low income residents within the service area of the neighborhood in which the project is located, and to low and very low income participants in other HUD programs. PAHC and PAHCA, INC. certify and agree that no contractual or other legal incapacity exists which would prevent compliance with these requirements. PAHC and PAHCA, INC. agree to send to each labor organization or ~epresentative of workers with which it has a collective agreement or other contract or understanding, if any, a ~notice advising the labor organization or worker’s representative of its commitments under this ~Section 3" clause and shall post copies of the notice in conspicuous places available employees and applicants for employment or training. 040316 syn 8250088 21 (c)PAHc and PAHCA, INC. will include this ~Section 3" clause in every subcontract and will take appropriate action pursuant to the subcontract upon a finding that the contractor or subcontractor is in violation of regulations issued by the grantor agency.PAHC and PAHCA, INC. will not subcontract with any contractor or subcontractor where it has notice or knowledge that the latter has been found in violation of regulations under 24 CFR Part 135 and will not let any subcontract unless the contractor or subcontractor has first provided it with a preliminary statement of ability to comply with the requirements of these regulations. 9.4 Conduct. 9.4.1 Assignability. PAHC and PAHCA, INC. shall not assign or transfer any interest in this Agreement without the prior written consent of the City; provided, however, that claims for money due or to become due to PAHCA, INC. from the City under this Agreement may be assigned to a bank, trust company, or other financial institution without such approval. Notice of any such assignment or transfer shall be furnished promptly to the City. 9.4.2 Hatch Act. PAHC and PAHCA, INC. agrees that no Funds provided, nor personnel employed under this Agreement, shall be in any way or to.any extent engaged in the conduct of political activities in violation of Chapter 15 of Title 5 of the United States Code. 9.4.3 Conflict of Interest. PAHC and PAHCA, INC. agree to abide by the provisions of 24 CFR Section 570.611 with respect to conflicts of interest, and covenants that they presently have no financial interest and shall not acquire any financial interest, direct or indirect, which would conflict in any manner or degree with the performance of Services required under this Agreement. PAHC and PAHCA, INC. further covenants that in the performance of this Agreement, no person having such a financial interest shall be employed or retained by PAHC and PAHCA, INC. hereunder. These conflict of interest provisions apply to any person who is an employee, agent, consultant, officer, or elected official or appointed official of the City, or of any designated public agencies or PAHCA, INC.s which are receiving Funds under the CDBG Program. 040316 syn 8250088 22 9.4.4 Subcontracts. (a)PAHC and PAHCA, INC. shall not enter into any subcontracts with any agency or individual in the performance of this Agreement without the written consent of the City prior to the execution of such subcontracts. (b)PAHC and PAHCA, INC. will monitor all subcontract services on a regular basis to assure contract compliance. Results of monitoring efforts shall be summarized in written reports and supported with documented evidence of follow-up actions taken to correct areas of noncompliance. (c)PAHC and PAHCA, INC. shall cause all of the provisions of this Agreement in its entirety to be included in and made a part of any subcontract executed in the performance of this Agreement. (d)PAHC and PAHCA, INC. shall undertake to ensure that all subcontracts let in the performance of this Agreement shall be awarded on a fair and open competition basis. Executed copies of all subcontracts shall be forwarded to the City along with documentation concerning the selection process. 9.4.5 Lobbying. PAHC and PAHCA, INC. hereby certify that: (a)No Federal appropriated funds have been paid or will be paid, by or on behalf of it, to any person for influencing or attempting to influence an officer or employee of any agency, a Member of Congress, an officer or employee of Congress, or an employee of a Member of Congress in connection with the awarding of any Federal contract, the making of any Federal grant, the making of any Federal loan, the entering into of any cooperative agreement, and the extension, continuation, renewal, amendment,or modification of any Federal contract, grant, loan, or cooperative agreement; (b)If any funds other than Federal appropriated funds have been paid or will be paid to any 040316 syn 8250088 23 person for influencing or attempting to influence an officer or employee of any agency, a Member of Congress, an officer or employee of Congress, or an employee of a Member of Congress in connection with this Federal contract, grant, loan, or cooperative agreement, it will complete and submit Standard Form-LLL, ~Disclosure Form to Report Lobbying," in accordance with its instructions; It will require that the language of paragraph (d) of this certification be included in the aware documents for all subawards at all tiers (including subcontracts, subgrants, and contracts under grants, loans, and cooperative agreements) and that all PAHCA, INC.s shall certify and disclose accordingly; and (d)Lobbying Certification - Paragraph d This certification is a material representation of fact upon which reliance was placed when this transaction was made or entered into. Submission of this certification is a prerequisite for making or entering into this transaction imposed by section 1352, Title 31, U.S. Code. Any person who fails to file the required certification shall be subject to a civil penalty of not less than $i0,000 and not more than $i00,000 for each such failure. 9.4.6 Copyrights. If this Agreement results in any copyrightable material, the City or grantor agency, or both, reserves the right to royalty-free, non-exclusive and irrevocable license to reproduce, publish or otherwise use and to authorize others to use, the work for government purposes. 9.4.7 Religious Organizations. PAHC and PAHCA, INC. agrees that Funds provided under this Agreement will not be utilized for religious activities, to promote religious interests, or for the benefit of a religious organization in accordance with the federal regulations specified in 24 CFR Section 570.200(j). SECTION i0.ENVIRONMENTAL CONDITIONS i0.i Air and Water. PAHC and PAHCA, INC. agree to comply with the following regulations insofar as they apply to 040316 syn 8250088 24 the performance of this Agreement: Clean Air Act, 42 U.S.C. 7401, et seq.; Federal Water Pollution Control Act, as amended, 33 U.S.C. 1251, et seq., as amended, 1318 relating to inspection, monitoring, entry, reports, and information, as well as other requirements specified in said Section 114 and Section 308, and all regulations and guidelines issued thereunder; U.S. Environmental Protection Agency regulations pursuant to 40 CFR Part 50, as amended° 10.2 Flood Disaster Protection. In accordance with the requirements of the Flood Disaster Protection Act of 1973 (42 USC 4001), PAHC and PAHCA, INC. shall assure that for activities located in an area identified by FEMA as having special flood hazards, flood insurance under the National Flood Insurance Program is obtained and maintained as a condition of financial assistance for acquisition or construction purposes (including rehabilitation). 10.3 Lead-Based Paint. PAHC and PAHCA, INC. agree that any construction or rehabilitation of residential structures with assistance provided under this Agreement shall be subject to HUD Lead-Based Paint Regulations at 24 CFR Part 35 et seq. as amended. Such regulations, effective September 15, 2000, set requirements for notification, evaluation and reduction of¯ lead-based paint hazards in residential property being assisted with Community Development Block Grant Funds. 10.4 Historic Preservation. PAHC and PAHCA, INC. agree to comply with the historic preservation requirements set forth in the National Historic Preservation Act of 1966, as amended (16 U.S.C. 470) and the procedures set forth in 36 CFR Part 800, Advisory Council on Historic Preservation Procedures for Protection of Historic Properties, insofar as they apply to the performance of this Agreement. In general, this requires concurrence from the State Historic Preservation Officer for all rehabilitation and demolition of historic properties that are fifty years old or older or that are included on a federal, state, or local historic property list. SECTION ii.SEVERABILITY If any provision of this Agreement is held invalid, the remainder of the Agreement shall not be affected thereby and all other parts of this Agreement shall nevertheless be in full force and effect. 040316 syn 8250088 25 IN WITNESS WHEREOF, the parties hereto have by their duly authorized representatives executed this Contract on the date first above written. ATTEST:CITY OF PALO ALTO City Clerk APPROVED AS TO FORM: Senior Asst. City Attorney APPROVED: Assistant City Manager Director of Administrative Services Director of Planning and Community Environment Insurance Review Mayor Title: ~’~°~T/4W£~ Taxpayer I.D. No. 23-7050326 Name: Attachments: EXHIBIT ~A": EXHIBIT "B": EXHIBIT ~C": Tit i e : ~) ~z~,J~e~~ Taxpayer I.D. No. 94-2262125 (Compliance with Corp. Code § 313 is required if the entity on whose behalf this contract is signed is a corporation. In the alternative, a certified corporate resolution attesting to the signatory authority of the individuals signing in their respective capacities is acceptable ) SCOPE OF SERVICES &TIME SCHEDULE PROMISSORY NOTE INSURANCE 040316 syn 8250088 26 CERTIFICATE OF ACKNOWLEDGMENT (Civil Code § 1189) STATE OF CALIFORNIA~ COUNTY OF SANTA CLARA On ~o~h~)%~tk , before me, the undersigned, \ .a notary public an ~n~l for said .County, personally appeared ~lly known t~o me~ (or ~oved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) &re subscribed to the within instrument, and acknowledged to me that he/~they executed the same in his/ ~Zheir authorized capacity(ies), and that by hise~their signature(s) on the instrument the person(s), or the entity upon behalf .of which the person(s) acted, executed the instrument. WITNESS my hand and official seal. 040316 syn 8250088 27 CERTIFICATE OF ACKNOWLEDGMENT (Civil Code § 1189) STATE OF CALIFORNIA ) ) COUNTY OF SANTA CLARA ) On ~e~e~{~~k , before me, the undersigned, a notary Dubli~ in .and~ for .said County, personally appeared pe~ally kn~~ (or pro~ed to me on the ba~ of ~dence) to be the person(s) whose name(s)i~.are subscribed to the within instrument, and acknowledged to me that he.they executed the same in his/ ~ their authorized capacity(ies), and that by his/~their signature(s) on the instrument the person(s), or the e-h--tity upon behalf of which the person(s) acted, executed the instrument. WITNESS my hand and official seal. 040316 syn 8250088 28 CERTIFICATE OF ACKNOWLEDGMENT (Civil Code § 1189) STATE OF CALIFORNIA ) ) COUNTY OF SANTA CLARA ) On .._~~~)~)(’~(~, before me, the undersigned, a notary public in and for, said County, personally appeared ~iI-~ known to~~ (or proved to me on the basis of satisfa~ory evidence) to be the person(s) whose name(s) ~are subscribed to the within instrument, and acknowledged to methat ~she/they executed the sas~_~in ~. her/their authorized capacity(ies), and that by Qhis/~her/their signature(s) on the instrument the person(s), or t~ entity upon behalf of which the person(s) acted, executed the instrument. WITNESS my hand and official seal. 040316 syn 8250088 29 CERTIFICATE OF ACKNOWLEDGMENT (Civil Code § 1189) STATE OF CALIFORNIA ) ) COUNTY OF SANTA CLARA ) On ~.~~,’e~ , before me, the undersigned, a notary public lO and fQI sald County, personally appeared ~lly "’known~(or proved to me on the basis~ of sates ac ory evidence) to be the person(s) whose name(s) ~are subscribed to the within instrument, and acknowledged to me that authori~she/they executed the sam~e in ~ her/their zed and that by h~/her/their~ signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. WITNESS my hand and official seal. ~ MyCc~w~. ~ O~ 26, 2007 040316 syn 8250088 3O EXHIBIT "A" PALO ALTO HOUSING CORPORATION, OAK MANORTOWNHOUSES DOMESTIC WATER SYSTEM SCOPE OF SERVICES Palo Alto Housing Corporation (PAHC) is a community-based non- profit agency that develops and operates low and moderate income housing in the City of Palo Alto. PAHC’s activities involve the administration of the City’s Below market Rate purchase program, development and acquisition of rental housing, property management, and general housing advocacy. PAHC Apartments, Inc. (PAHCA, Inc.) is a non-profit entity that owns several properties located throughout the City. This project consists of replacing the domestic water supply system at Oak Manor Townhouses. Oak Manor Townhouses is a 33- unit apartment property. 22 of the units are assisted under the Section 8 Moderate Rehabilitation Program. CDBG funding will be provided for Phase I of the project. The major tasks that PAHCA, Inc. will perform in connection with the project include, but are not limited to, the following: Apply for City required permits and!or variances based on proposed modifications to existing housing units; o Prepare bid specifications in accordance with federal regulations including but not limited to, prevailing wage and competitive bid requirements; o Select contractor; Attend pre-construction conference; and Complete all components of Phase I, which includes: a.Replacement of water mains from meter with the 2-1/2" reduced pressure principle valve device; b.Trench new mains to property; c.Run new mains to all boilers; and do Run new main and tie onto existing risers to each unit. 040316 syn 8250088 1 Competitive Bid Process All contracts and subcontracts shall be awarded through a fair and open competitive bidding process. The process shall be reviewed and approved by City. PALO ALTO HOUSING CORPORATION and PAHC APARTMENTS, INC. will use its best efforts to afford minority and women-owned business enterprises the maximum practicable opportunity to participate in the contracts let in the performance of this project. Executed copies of all contracts shall be supplied to City along with documentation concerning the selection process. Prevailing Wage and Federal Labor Standards PALO ALTO HOUSING CORPORATION and PAHC APARTMENTS, INC., its contractors and subcontractors shall comply with the Federal Davis-Bacon Act Prevailing Wage requirements including inserting the applicable wage decision into the bid documents, and all contracts awarded under this Agreement. PAHC and PAHCA, Inc., the selected contractor and any subcontractors will participate in a pre-construction conference with City to review Davis Bacon compliance requirements, including reporting and monitoring. Timeline: The project will attempt to adhere to the following timetable: September 20, 2004 April 15, 2004 Council contract approval Meeting with City Staff to review project specifications August 15, 2004 October i, 2004 Bid Specifications Available/Ad in paper ~ City Contract signed September 15, 2004 Bid opening and contractor selection October 15, 2004 Pre-construction conference November i, 2004 Start of Construction March i, 2005 Work Completed 040316 syn 8250088 EXItXBXT FORM OF NOTE PROMISSORY NOTE FOR REHABILITATION SECURED BY DEED OF TRUST ANDASSIGNMENT OF RENTS AS MODIFIED (COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS) $113,672.00 Date:~~~ ~ . 2004 ’ P~Io Alto, California FOR VALUE RECEIVED, the undersigned, PAHC APARTMENTS, INC., a corporation organized under the Nonprofit Benefit Corporation Law of the State of California ("Maker"), hereby promises to pay to the CITY OF PALO ALTO ("Holder"), or order, at its Office of Revenue Collections, 250 Hamilton Avenue, Palo Alto, California, or at such other place as may be designated in writing by the Holder, the prinicipal sum of One Hundred Thirteen Thousand Six Hundred Seventy-Two Dollars ($113,672.00) ("Loan Amount"), together with accrued, unpaid interest thereon, from the date of this PROMISSORY NOTE FOR REHABILITATION (the. "Note"), until paid, at the rate of three percent (3%) interest per year, on a simple interest basis, on the unpaid principal balance, as required hereunder, or as required under the Amended Agreement referenced below. ADDITIONAL TERMS AND CONDITIONS i. This Note is made in connection with the agreement between Holder and Maker entitled "Agreement No. Between The City Of Palo Alto and PAHC Apartments, Inc. (PAHCA, Inc.) For Funds Allocated During Fiscal Year 2003/04 Under The Community Development Block Grant Program" (~Agreement"), pursuant to which Holder provided to Maker a portion of the funds to be used by Maker to rehabilitate the apartment complex known as Oak Manor Townhouses at 630 Los Robles Avenue, Palo Alto, California (the ~Property"). Maker will operate the Property in accordance with the terms and conditions of the Agreement. All terms, conditions, agreements and provisions, including the convenants, representations, and terms of default and remedies for default set forth in the Agreement are incorporated herein by reference, and made a part hereof. 2. This Note evidences the obligation of the Maker to make full payment of the Loan Amount to the Holder, in accordance with the provisions of this Note and the Agreement. 1 040913 syn 8~88 Such funds are to be used solely by the Maker, together with funds obtained by Maker for other sources, to rehabilitate the Property, as more fully described in the Agreement. 3. This Note is secured by a Deed of Trust and Assignment of Rents recorded against the Property (the ~Deed of Trust"). 4. At any t’ime, and from time to time, the Maker may prepay to the Holder the principal sum of this Note, or any part thereof, without penalty. 5. Payment of principal and interest on this Note shall be deferred from the date of its execution to that date which is October i, 2023 as defined in the Agreement. Notwithstanding any provision of this Note or the Agreement, this Note shall become due and payable immediately, without notice or demand, in the event all or any part of the Property,or all or any part of the Maker’s interest in the Project,(a) is sold, transferred, assigned or otherwise conveyed,or (b) is further encumbered without the prior written consent of Holder. 6. The Maker and any other maker, co-maker, endorser, guarantor, and any other party to this Note (collectively, "Obligors"), and each of them:(i) waive notice of default (except as provided in Section i0) notice of acceleration, notice of nonpayment, presentmentfor payment, demand, protest, notice of demand, notice of protest, notice of nonpayment, and any other notice required to be given under the law to the Obligors: (ii) consent(s) to any and all delays, extensions, renewals, or other modifications of this Note or waivers of any term hereof or release or discharge by the Holder of any of the Obligors or release, substitution, or failure to act by the Holder, from time to time, and agree(s) that no such action, failure to act, or failure to exercise any right or remedy on the part of the Holder shall in any manner affect or impair the obligations of any Obligor or be construed as a waiver by the Holder of, or otherwise affect, any of the Holder’s rights under this Note or the Agreement, under any endorsement or guaranty of this Note; and (iii) (jointly and individually, if more than one) agree(s) to pay, on demand, any and all costs and expenses of collection of this Note or of any endorsement or any guaranty hereof, including attorney’s fees. No extension of time for payment of this Note or any portion thereof made by agreement of Holder with any person now or hereafter liable for the payment of this Note shall operate 040913 syn 8250088 to release or discharge liability of Maker under this Note, either in whole or in part. 7. The pleading of any statute of limitations as a defense to any demand against the Maker is ~expressly waived by the Maker. - 8. If any default is made hereunder, the Maker promises to pay the Holder’s reasonable attorneys’ fees and other related costs and expenses incurred by the Holder in connection with the enforcement of any rights of the Holder. The Holder’s right to such fees shall include but not be limited to, its representation by staff attorneys of the Holder’s office of the City Attorney, and such representation shall be valued at the customary and reasonable rates for private sector legal services. 9. The occurrence of any of the following shall constitute an event of default under this Note: (i) the Maker fails to pay any amount due hereunder within fifteen (15) days of its due date; or (ii) any default by the Maker under the Agreement; or (iii) any default by Maker under the Modification of Deed of Trust. Upon the occurrence of any event of default, or at any time thereafter, at the option of the Holder hereof, the entire unpaid principal and interest owing on this Note shall become immediately due and payable. This option may be exercised any any time following any such event, and the acceptance of one or more installments thereafter shall not constitute a waiver of such option with respect to any subsequent event. The Holder.’s failure in the exercise of any other right or remedy hereunder or under any agreement which secures the indebtedness or is related thereto shall not affect any right or remedy and no single or partial exercise of any such right to remedy shall preclude any further exercise thereof. If the outstanding unpaid principal balance of this Note is not paid within thirty (30) days of demand therefor, the Maker shall pay to the Holder in addition to interest at the Applicable Interest Rate, interest equal to one percent (1%) of the unpaid principal amount, or the highest rate permitted by law, whichever is less, per calendar month, or fraction thereof. If this Note be reduced to judgment, such judgment shall bear the statutory interest rate on judgments. i0. The Holder shall not exercise any right or remedy provided for herein because of any default of the Maker unless, in the event of a monetary default, the Maker shall have failed 3 040913 syn 8250088 to pay the outstanding sums within a period of thirty (30) calendar days after notice that payment was due. In the event of an uncured nonmonetary default, the Holder shall have first given written notice thereof to the Maker, and the Maker shall have failed to cure the nonmonetary default within a period of thirty (30) days after the giving of such notice of such default; provided that if the nonmonetary default cannot be cured within thirty (30) days and the Maker proceeds diligently and uses best efforts to cure such default until it shall be fully cured within no more than ninety (90) days after the giving of such notice, then the Holder shall not exercise any right or remedy provided for herein until such 90-day period shall expire; provided, however, the Holder shall not be required to give any such notice or allow any part of the grace period if the Maker shall have filed a petition in bankruptcy or for reorganization or a bill in equity or otherwise initiated proceedings for the appointment of a receiver of its assets, or if the Maker shall have made an assignment for the benefit of creditors, or if a receiver or trustee is appointed for the Maker and such appointment or such receivership isnot terminated within forty-five (45) days of such appointment. With respect to any right to cure or cure period in this Section i0, performance of a cure by any affiliated entity or. partner of the Maker shall have the same effect as would like performance by the Maker. ii. Any notice, demand, or other communi~cation required. hereunder shall not be deemed sufficiently given, unless sent by certified mail, postage prepaid, return receipt requested, or by express delivery service or overnight courier service, to the principal office of the addressee, or at such other address as may be designated, fin writing, from time to time: Holder:City of Palo Alto 250 Hamilton Avenue Palo Alto, CA 94301 Attn: City Clerk Maker:PAHC Apartments, Inc. 725 Alma Street Palo Alto, CA 94301 Attn: President, Board of Directors The delivery shall be effective on the date shown on the delivery receipt or the date on which the delivery was refused. 040913 syn 8250088 12. This Note shall be nonrecourse against the 0bligors. No judgment, or execution thereof, entered in any action, legal or equitable, on this Note shall be enforced directly against the Maker or any officer, director or employee of the Maker, but shall be enforced only against the collateral described in the Modification of Deed of Trust, and such other or further security as, from time to time, may be hypothecated for this Note. The foregoing limitation shall not be applicable in the event of (a) fraud by the Maker or any material misrepresentation made by the Maker to the Holder in the Amended Agreement, this Note, the Modification of Deed of Trust, or any other document or instrument delivered in connection with the Loan, or (b) the sale or transfer or other conveyance or encumbrance of the Property, or any interest therein, without the Holder’s prior written consent, or (c) the sale or transfer or other conveyance or encumbrance of all or any part of Maker’s interest in the Project without the Holder’s prior written consent. Furthermore, the foregoing limitation shall not be applicable to the extent of any loss incurred by the Holder due to (a) misappropriation by the Maker of any rents (including, without limitation, the application of rents to other than operating expenses and debt service), security deposits, insurance or condemnation proceedings, or (b) the diversion or other misappropriation by Maker of any funds from any reserve account maintained in connection with the Project. The Holder shall not in any way be prohibited from naming the Obligors, or any of them, or any person holding under or through them as parties to any actions, suit or other proceedings initiated by the Holder to foreclose or otherwise realize upon any other lien or security interest created under the Modification of Deed of Trust, and further provided, however, that nothing in this Section 12 shall be deemed to prejudice the rights of the Holder to recover any funds or payments which were diverted or misappropriated by’ the Obligors, or any of them. 13. The covenants, agreements, terms, and conditions of this Note shall inure to, and shall be binding on, .the successors and assigns of the Obligorso // // // // 040913 syn 8250088 5 EXECUTED BY MAKER by its duly authorized representative in Palo Alto, County of Santa Clara, State of California, on the date first above written. By : Name: Taxpayer I.D. No. ~-~~%~ 040913 syn 8250088 FORM 410 Certification of..Nondiscrimination: As suppliers of goods or services to the City~o~ Palo Alto, the firm and individuals listed below certify that they do not discriminate in employment with regard to age, .race, color, religion, sex, national origin, ancestry, disability, or sexual preference; and that. they are in compliance with all Federal, State and local directives and executive orders regarding nondiscrimination in employment. Date: Title of Officer Signing: Signature: