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HomeMy WebLinkAbout2004-03-22 City CouncilTO: FROM: City of Palo Alto City Manager’s Report HONORABLE CITY COUNCIL CITY MANAGER DEPARTMENT: PLANNING AND COMMUNITY ENVIRONMENT DATE:MARCH 22, 2004 CMR: 543:03 SUBJECT:APPROVAL OF AN AGREEMENT IN THE AMOUNT OF $113,672 WITH PALO ALTO HOUSING CORPORATION AND PALO ALTO HOUSING CORPORATION APARTMENTS, INCORPORATED FOR FUNDS ALLOCATED DURING FISCAL YEAR 2003/04 UNDER THE COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM RECOMMENDATION Staff recommends that the City Council approve and authorize the City Manager or his designee to execute the attached agreement in the amount of $113,672 with Palo Alto Housing Corporation and Palo Alto Housing Corporation Apartments, Incorporated to replace the domestic water supply system at Oak Manor Townhouses located at 630 Los Robles Avenue. BACKGROUND Palo Alto Housing Corporation (PAHC) is a private non-profit organization that develops and operates low and moderate-income housing in the City. Palo Alto Housing Corporation Apartments, Inc. (PAHCA, Inc.) is the non-profit controlled entity that holds title to several PAHC properties. (The board of PAHC is also the board of PAHCA, Inc.) 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 PAHCA, 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 for this project is with both PAHC and PAHCA, Inc. since the property is owned by PAHCA, Inc.; however PAHC is responsible for managing the property and it will be responsible for the work on this project. CMR: 543:03 Page 1 of 3 DISCUSSION Oak Manor Townhouses is a 33-unit apartment property and 22 of the units are assisted under the Section 8 Moderate Rehabilitation Program. The building was bi~ilt in 1966 and has major capital plumbing needs due to corroded galvanized pipes that cause low water pressure and abrupt temperature changes. PAHCA, Inc. spends thousands of dollars in temporary repairs to the pipes each year. Replacing the water pipes will provide a permanent solution to Oak Manor’s plumbing needs. The funding for this project will be provided as a loan to PAHCA, Inc. consistent with City practice; the City does not provide grants of housing funds, except for en-~ergencies or under very unusual circumstances. Structuring the funding as a loan ensures that the use of the property will be maintained for a CDBG-eligible activity for a specified length of time. In this case, the loan term is for 30 years. The loan for this project will be subordinated to the existing City loan of $2,100,000.00 with’PAHCA, Inc. of January 7, 1991 for the acquisition of the project site. 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 terrninated or changed to a use that has not been approved by the City prior to July 1, 2033. POLICY IMPLICATION The recommendation in this staff report does 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 Palo Alto Housing Corporation Apartments, Inc. (PAHCA, Inc.) for Funds Allocated During Fiscal Year 2003/04 Under the Community Development Block Grant Program CIvIR: 543:03 Page 2 of 3 PREPARED BY: Eloiz Murillo-Garcia, Associate Planner-CDBG APPROVED BY: EM~LIE, Director of Planning & Community Environment CITY MANAGER APPROVAL: ~:~ /~.~/Ot ~ EMILY HA!~ON, Assis-tant City Manager Palo Alto Housing Corporation Citizens Advisory Committee CMR: 543:03 Page 3 of 3 AGREEMENT NO. BETWEEN THE CITY OF PAL0 ALTO AND PALO ALTO HOUSING CORPORATION (PAHC) AND PAL0 ALTO HOUSINCE COROPRATION APARTMENTS (PAHCA) FOR FUNDS ALLOCATED DURING FISCAL YEAR 2003/04 UNDER THE COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM 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 PALO ALTO HOUSING CORPORATION APARTMENTS, INCORPORATED, a corporation duly organized and existing under the Nonprofit Corporation Law of the State of California ("PAl{CA, 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 ($113,672) drawn from FY 2003/04 CDBG funds 040316 syn 0091341 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 Federa! Regulations. NOW, THEREFORE, in consideration of the covenants, terms, conditions, and provisions set forth in this Agreement, the parties agree: SECTION i. TERM i.i 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 2.SCOPE OF SERVICE 2.1 Activities.PAHCA, INC. shall replace the domestic water supply system at Oak Manor Townhouses at 630 Los Robles Avenue, in Pa!o Alto ("Project"), as more fully described in Exhibit "A" which is incorporated herein by reference and made a part of this agreement. 2.2 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 device, tie into all branch lines below plumbing with isolation bal! 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 2 040316 syn 0091341 any and al! 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 $113,672 and the City shal! not be obligated to !oan any amount in excess of the commitment set forth herein. City shall make funds available to PAHCA on the following basis: (i)City has reviewed and approved the bidding process and the contract for the rehabilitation work; and (2)PAHCA, INC. has provided City with a copy of the actual invoice(s) for work done and performed in accordance with this Agreement; (3)Project is in compliance with all Federal, State and City Rules and Regulations. 2.3 Performance Monitoring.The City will monitor the performance of PAHC and PAHCA,INC. against goals and performance standards required herein.CITY will retain a consultant who will monitor labor to be performed pursuant to this Agreement according to Davis-Bacon Act standards ("Consultant") CITY will be responsible for directing all work to be performed by Consultant, and Consultant will report directly to CITY. PAHCA, INC. agrees that CITY shall charge the cost of the Labor Monitoring Consultant against the project funds. Total cost for such labor monitoring services will not exceed Ten Thousand Dollars ($!0,000) and wil! 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 reasonable period of time after being notified by the City, contract suspension or termination procedures will be initiated. SECTION 3. TRANSFER OF FUNDS AND SECURITY 3.1. 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 2 and Ekhibit "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 fol!owing conditions: 3 040316 syn 0091341 (i (2 (3 (4 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; 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.; 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 An uncured default under th~s 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. 3.2 Use, Occupancy and Rent Restrictions. PAHCA, Inc. shall operate and maintain the Project as a rental 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 3.2 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. 040316 syn 0091341 4 3.2.1 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 3.3 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 for the CDBG program for Santa Clara County, established periodically by HUD, which currently is 50% of the Area Median Income for Santa Clara County. (b)Subject to Section 2.4 below, the maximum monthly Rent charged to each of the Tenants of the Very Low-Income Units shall not exceed 30% of 50% of the Area Median Income, divided by twelve (12) as published annually for the Santa Clara County based on the size of the actual unit. (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. 3.2.2 Low-Income Units 040316 syn 0091341 (a)At all times during the term of this Agreement, at least fifteen (15) of the Units shall be rented and occupied by, or if vacant, made available for rental 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 5 the purposes of this agreement means a household whose annual income, adjusted for household size, does not exceed 60% (sixty) of the Area Median Income for Santa Clara County. (b)Subject to Section 2.4 below, the maximum monthly Rent charged to each of the Tenants of the Very Low-Income Units shal! not exceed 60% (sixty) of the 100% (one-hundred) Income Level, as published annually for the Santa Clara County based on the size of the actua! unit by the California Tax Credit Allocation Committee (CTAC). The current CTAC maximum rents for 2 and 3 bedroom units are listed in the following table: CALIFORNIA TAX CREDIT ALLOCATION COMMITTEE 2003 Maximum Rents Santa Clara County Effective: February 20, 2003 2 Bedroom 3 Bedroom Income Level $2,374 $2,742 Income Leve!$1,425 $1,645 (c)If a household ceases to qualify as Low Income, as required by this Agreement, the household shall be required to pay the market rate for the unit and shall be given a term of 1 (one) year to vacate their unit. 3.2.3 Other Units (a)The remaining one (i) Unit is not required to comply with the rent and occupancy restrictions of this Section 3.2 if it is occupied by a resident manager, as a condition of employment. 3.2.4 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 annua! 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 shal!be set pursuant to Section 8 regulations and procedures. 040316 syn 0091341 3.2.5 Vacancies Vacancies shall be filled in a manner to maintain the al!ocation 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. 3.2.6 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. 3.2.7 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 materia! 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 annua! 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. 3.3 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. 040316 syn 0091341 SECTION 4.NOTICES 4.1 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 and PAHCA, INC.Palo Alto Housing Corporation Apartments, Inc. Attn: President, Board of Directors 725 Alma Street Palo Alto, CA 9430i PAHC :Palo Alto Housing Corporation Attn: Executive Director 725 Alma Street Palo Alto, CA 94301 SECTION 5.SPECIAL CONDITIONS 5.1 Compliance with Federal Regulations. P~HC 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. 5.2. 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. 5.3 PAHC and PAHCA, INC. shall procure all subcont rac tots, cons i s tent 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 8 040316 syn 0091341 selected subcontractor(s), and sha!l reimburse all project subcontractors. SECTION 6.GENERAL CONDITIONS direct, manage and 6.1 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 under this Agreement. 6.2 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 emp!oyee 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 shal! be exempt from payment of all unemployment compensation, FICA, retirement, life and/or medical insurance and workers’ compensation insurance as PAHC and PAHCA, INC. is an independent contractor. 6.3 Hold Harmless. PAHC and PAHCA, INC. shall hold harmless, defend and indemnify the City, its council members, officers and employees from any and al! 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. 6.4 Insurance and Bonding. PAHCA, INC., at its sole cost and expense, shal! 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. 6.5 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. 6.6 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 9 040316 syn 0091341 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. 6.7 Suspension or Termination. 6.7.1 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 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. 6.7.2 The CITY may also suspend or terminate this Agreement, in whole or in part, if PAHC and PAHCA, INC. materially fai! 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 there 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 7.ADMINISTRATIVE REQUIREMENTS 7.1 Financial Management. 7.1.1 Accounting Standards. PAHC and PAHCA, INC. agree -to comply with Attachment F of 0MB Circular A-If0 and agree to adhere to the accounting principles and procedures required therein, utilize adequate interna! controls and maintain necessary source documentation for all costs incurred. 040316 syn 0091341 10 7.1.2 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. 7.2 Documentation and Record-Keeping. 7.2.1 Records to be Maintained. PAHC and PAHCA, INC. shal! 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 full activity undertaken; description of each (b)Records demonstrating that each activity undertaken meets a National Objective of the CDBG Program; (c)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. 7.2.2 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 al! 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 ii 040316 syn 0091341 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 al! issues, or the expiration of the four-year period, whichever occurs later. 7.2.3 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 shal! be made available to the City’s monitors or their designees for review upon request in order to determine compliance with the Agreement. 7.2.4 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 administratiQn 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. 7.2.5 Property Records. PAHC and PAHCA, INC. shall maintain rea! 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. 7.2.6 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 !ow and moderate income persons,as defined in 24 CFR Section 570.208. 7.2.7 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. 040316 syn 0091341 12 7.2.8 Audits and Inspections. All of the PAHC’s and PAHCA, INC.’s records with respect to any matters covered by this Agreement shal! 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 PAHC’s and PAHCA, INC.’s audits, and as applicable, OMB Circular A-133. 7.3 Procedures Concerning Reporting and Payments. 7.3.1 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. 7.3.2 Program Income. The receipt of any program income, as defined in 24 CFR 570.500(a), as amended, generated by the use of grant funds under this Agreement, will be recorded, reported and returned to CITY in accordance with 24 CFR 570.504, as amended. 7.3.3 Indirect Costs. If indirect costs are charged, PAHC and PAHCA, INC. shall develop an indirect cost al!ocation 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. 7.3.4 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 actual 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 project and when PAHCA, Inc. has demonstrated to the City that all CDBG 13 040316 syn 0091341 requirements, which include but are not limited to: prevailing wages and labor standards and equa! 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. 7.3.5 Progress Reports. PAHC and PAHCA, INC. shall be responsible for filing periodic reports, including but not limited to monthly activity reports and weekly certified 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. 7.4 Procurement. 7.4.1 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 equipment, shall revert to the City upon termination of this Agreement. 7.4.2 OMB Standards. PAHC and PAHCA, INC. shall procure materials in accordance with the requirements of Attachment 0 of O}4B Circular A-f10, Procurement Standards, and shall subsequently follow Attachment N of OMB Circular A-If0, Property Management Standards, as modified by 24 CFR 470.502(b) (6) covering utilization and disposal of property. 7.4.3 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. 7.4.4 Relocation. P~_~C 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 Re!ocation 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. shal! provide relocation assistance to persons (families, individuals, businesses, nonprofit organizations and farms) that 14 040316 syn 0091341 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 8. PERSONNEL AND PARTICIPANT CONDITIONS 8.1 Civil Rights. 8.1.1 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. 8.1.2 Nondiscrimination. PAHC and PAHCA, INC. will not discriminate against any employee or applicant for employment because of race, skin color, gender, age, religion, disability, national origin, ancestry, sexual orientation, housing status, marital status, familia! 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 regardingnondiscrimination 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. 8.1.3 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 renta!, or in the use or occupancy of such land, or in any 15 040316 syn 0091341 improvements erected or to be erected thereon, providing that the City and the United States are beneficiaries 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. 8.1.4 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 shal! 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. 8.2 Affirmative Action. 8.2.1 Compliance With California Constitution. Article I, Section 31 of the California Constitution, adopted by the People of the State of California as Proposition 209 in 1996, prohibits the City from discrimination or the grant of preferentia! treatment on the basis of race, sex,color, 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 8.2 are those necessary to establish and maintain eligibility for federal funds. At such time as any provision of this Section 8.2 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 8.2 should be waived under this Section 8.2.1, 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. 8.2.2 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. shal! submit a plan for an affirmative action program for approval prior to the award of Funds. 16 040316 syn 0091341 8.2.3 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. 8.2.4 Access to Records. PAHC and PAHCA, INC. shal! 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. 8.2.5 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 emp!oyment. 8.2.6 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 Emp!oyers. 8.2.7 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. 8.3 Employment Restrictions. 8.3.1 Prohibited Activity. PAHC an~ PAHCA, INC. are prohibited from using Funds provided herein or personnel employed in the administration of the CDBG Program for political 040316 syn 0091341 17 activities, sectarian or religious activities, politica! patronage, and nepotism activities. or lobbying, 8.3.2 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. shal! 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 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. 8.3.3 "Section 3" Clause. 040316 syn 0091341 (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. 18 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 very low income persons residing in the metropolitan area in which the project is located." 040316 syn 0091341 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 !ocated; 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 !ow and very !ow 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 metropolitan area in project is located; should be given to 19 residing within the which the CDBG-funded where feasible priority 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. (b)PAHC and PAHCA, INC. agree to send to each labor organization or representative 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 emp!oyment or training. (c)PAHC and PAHCA, INC. will include this "Section 3" clause in every subcontract and wil! 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. 8.4 Conduct. 8.4.1 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. 8.4.2 Hatch Act. PAHC and PAHCA, INC. agrees that no Funds provided, nor personnel employed under this Agreement, 2O 040316 syn 0091341 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. 8.4.3 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 financia! 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. 8.4.4 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 a!ong with documentation concerning the selection process. 8.4.5 Lobbying. 040316 syn 0091341 21 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 emp!oyee of any agency, a Member of Congress, an officer or employee of Congress, or an emp!oyee 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 !oan, the entering into of any cooperative agreement, and the extension, continuation, renewal, amendment,or modification of any Federa! contract, grant, !oan, or cooperative agreement; (b)If any funds other than Federal appropriated funds have been paid or will be paid 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 this Federa! contract, grant, loan, or cooperative agreement, it will complete and submit Standard Form-LLL, ~Disclosure Form to Report Lobbying," in accordance with its instructions; (c)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. 040316 syn 0091341 22 8.4.6 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. 8.4.7 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 9. ENVIRONMENTAL CONDITIONS 9.1 Air and Water. PAHC and PAHCA, INC. agree to comply with the following regulations insofar as they apply to 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. 9.2 Flood Disaster Protection. In accordance with the requirements of the F!ood Disaster Protection Act of 1973 (42 USC 4001), PAHC and PAHCA, INC. shall assure that for activities !ocated 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). 9.3 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 B!ock Grant Funds. 9.4 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 23 040316 syn 0091341 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 i0. 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 shal! nevertheless be in full force and effect. // // // / / // // // // // // // // // // // // // // // 040316 syn 0091341 24 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 Mayor By: Name: Title: By: Name: Title: FED. I.D. HOUSING CORPORATION PAL0 ALTO HOUSING CORPORATION Insurance Review By: Name: Title: By: Name: Attachments : EXHIBIT "A" : EXHIBIT "B". EXHIBIT "C": 040316 syn 0091341 Title: Taxpayer I.D. No. #23-7050326 (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 25 CERTIFICATE OF ACKNOWLEDGMENT (Civil Code § 1189) STATE OF CALIFORNIA ) ) COUNTY OF SANTA CLARA ) On ~\~\-~\..~J~_ _, before me, the undersigned, a notary public in And .for said County, personally appeared personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) ~/are subscribed to the within instrument, and acknxiwledged to me that he/~they executed the same in~ his/ ~eer)their authorized capacity(ies),~-~ and that by his/.~e~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 0091341 26 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 personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument, and acknowledged to me that he/she/they executed the same in his/ her/their authorized capacity(ies), and that by his/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. 040316 syn 0091341 27 CERTIFICATE OF ACKNOWLEDGMENT (Civil Code § 1189) STATE OF CALIFORNIA ) ) COUIqTY OF SANTA CLARA ) On , before me, the undersigned, a notary public in and for said County, personally appeared t personally known Go me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument, and acknowledged to me that he/she/they executed the same in his/ her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upo~ behalf of which the person(s) acted, executed the instrument. WITNESS my hand and official seal. 040316 syn 0091341 28 CERTIFICATE OF ACKNOWLEDGMENT (Civil Code § 1189) STATE OF CALIFO~IA ) ) COUNTY OF SANTA CLARA ) On , before me, the undersigned, a notary public in and for said County, personally appeared personally known to me (or proved to me on th~ basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument, and acknowledged to me that he/she/they executed the same in his/ her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upo~ behalf of which the person(s) acted, executed the instrument. WITNESS my hand and official seal. 040316 syn 0091341 29 EXHIBIT "A" PALO ALTO HOUSING CORPORATION, OAK MANOR TOWNHOUSES 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, deve!opment and acquisition of rental housing, property management, and general housing advocacy.Pa!o Alto Housing Corporation Apartments, Inc. (PAHCA, Inc.is a non-profit entity that owns severa! 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: o Apply for City required permits and/or variances based on proposed modifications to existing housing units; Prepare bid specifications in accordance with federal regulations including but not limited to, prevailing wage and competitive bid requirements; 3.Select contractor; 4.Attend pre-construction conference; and o 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 Run new main and tie onto existing risers to each unit. 040316 syn 0091341 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. PAL0 ALTO HOUSING CORPORATION and PAL0 ALTO HOUSING CORPORATION 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 PAL0 ALTO HOUSING CORPORATION 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: March 22, 2004 April i, 2004 April 15, 2004 City Council contract approval Meeting with City Staff to review project specifications Bid Specifications Available/Ad in paper April 15, 2004 May i, 1004 City Contract signed Bid opening and contractor selection Hay 15, 2004 Pre-construction conference June !, 2004 Start of Construction August i, 2004 Work Completed 040316 syn 0091341 2 EXHIBIT ’~B" FORM OF NOTE PROMISSORY NOTE FOR REHABILITATION SECURED BY DEED OF TRUST AND ASSIGNMENT OF RENTS AS MODIFIED (COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS) $113,672.00 Date:, 2004 Palo Alto, California FOR VALUE RECEIVED, the undersigned, PALO ALTO HOUSING CORPORATION 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 Paio Alto Housing Corporation Apartments, Inc. (PAHCA, Inc.) For Funds Allocated During Fisca! 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 Robies 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 1 040316 sm 0091341 accordance with the provisions of this Note and the Agreement. 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 time, 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, "0bligors"), and each of them:(i) waive notice of default (except as provided in Section i0) notice of acceleration, notice of nonpayment, presentment for 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 0bligors: (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 2 0~316 sm 0091341 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 shal! 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 principa! and interest owing on this Note shal! 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 equa! 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 040316 sm 0091341 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 (3.0) 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 shal! 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 shal! 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 r~ceivership is not 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 communication required hereunder shal! 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, in writing, from time to time: Holder:City of Palo Alto 250 Hamilton Avenue Pa!o Alto, CA 94301 Attn: City Clerk Maker:Palo Alto Housing Corporation Apartments, Inc. 725 Alma Street Pa!o 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. 040316 sm 0091341 12. This Note shall be nonrecourse against the Obligors. 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 shal! 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 al! 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 shal! inure to, and shall be binding on,the successors and assigns of the 0bligors. // // // // 040316 sm 0091341 EXECUTED BY MAKER by its duly authorized representative in Pa!o Alto, County of Santa Clara, State of California, on the date first above written. PALO ALTO HOUSING CORPORATION APARTMENTS, INC. A CALIFORNIA NON-PROFIT PUBLIC BENEFIT CORPORATION By : Name: Title: By : Name: Title: Taxpayer I.D. No. 040316 sm 0091341 RECORDING REQUESTED BY & WHEN RECORDED MAIL TO: City of Palo Alto Office of City Attorney 250 Hamilton Avenue Pa!o Alto, CA 94301 Recorded without charge: Govt. Code Sections 6103, 27383 SPACE ABOVE THIS LINE FOR RECORDER’S USE DEED OF TRUST AND ASSIGNMENT OF RENTS (OAK MANOR APARTMENTS CDBG REHABILITATION LOAN) THIS DEED OF TRUST AND ASSIGNMENT OF RENTS made on , 2004 between Pa!o ALTO HOUSING CORPORATION APARTMENTS, INC., a California nonprofit public benefit corporation ("Trustor"), whose address is 725 Alma Street, Palo Alto, California 94301, First American Title Guaranty Company, a California corporation ("Trustee"), whose address is 1737 North First Street, San Jose, California 95112 and THE CITY OF PAL0 ALTO ("Beneficiary"), whose address is 250 Hamilton Avenue, Palo Alto, California 94301. WITNESSETH: That Trustor IRREVOCABLY GRANTS, TRANSFERS AND ASSIGNS TO TRUSTEE IN TRUST, WITH POWER OF SALE, that real property and improvements in the County of Santa Clara, State of California, described in Exhibit "A", attached hereto and made a part hereof by reference ("Security" or "Property"), TOGETHER WITH the rents, issues and profits thereof, SUBJECT, HOWEVER, to the right, power and authority to and conferred upon Beneficiary, by fictitious deed of trust recorded in the office of the Recorder of the County of Santa Clara, in Book of Official Records, at Page , adopted and incorporated herein by reference and made a part hereof as if fully set forth herein, to collect and apply such rents, issues and profits, FOR THE PURPOSE OF SECURING payment of the indebtedness evidenced by that Promissory Note ("Note"), and any extensions or renewals thereof, in the principal amount of $113,672 executed by Trustor in favor of Beneficiary. 040316 syn 0091344 TO PROTECT THE SECURITY OF THIS DEED OF TRUST, TRUSTOR AGREES: !. Fictitious Deed of Trust. By the execution and delivery of this Deed of Trust and the Note secured hereby, that the provisions of and inclusive, of the fictitious deed of trust recorded in the office of the Recorder of the County of Santa Clara in Book of Officia! Records, at Page __, hereby are adopted and incorporated herein and made a part hereof as fully as though set forth herein at length; that it will observe and perform said provisions; and that the references to property, obligations, and parties in said provisions shall be construed to refer to the property, obligations, and parties set forth in this Deed of Trust. 2. Prohibited Transfers. Trustor shall not, voluntarily or involuntarily or by operation of law, se~!, transfer, lease, pledge, encumber, create a security interest in, or otherwise hypothecate or alienate all or any part of the security, without Beneficiary’s prior written consent. The consent by Beneficiary to any sale, transfer, lease, pledge, encumbrance, creation of a security interest in, or other hypothecation of the Security shall not be deemed to constitute a novation or a consent to any further sale, transfer, lease, pledge, encumbrance, creation of a security interest in or other hypothecation. Beneficiary may, at its option, declare the indebtedness secured hereby immediately due and payable, without notice to Trustor or any other person or entity (except as provided herein), upon any such sale, transfer, lease, pledge, encumbrance, creation of a security interest in, or other hypothecation or alienation in violation hereof. Without the written consent of Beneficiary, no sale, transfer, lease, pledge, encumbrance, creation of a security interest in, or other hypothecation of the Security shal! relieve or release Trustor from primary liability under this Deed of Trust or the Note, as the case may be. As used in this Section 2, the term "transfer" includes, without limitation, the following transactions: a. Any total or partial sale, assignment or conveyance, or creation of any trust or power, or any transfer in any other mode with respect to the Security or any part hereof or any interest herein, or any contract or agreement to do the same; 040316 syn 0091344 b. The cumulative transfer of more than ten percent (10%) of the capital stock, partnership profit and loss interest, or other form of interest in Trustor; and c. Any merger, consolidation, sale or lease of all or substantially all of the assets of Trustor. 3. Due on Sale. In the event of default by Trustor under this Deed of Trust, or if the Property or any part thereof or any interest therein is sold, agree to be sold, conveyed, alienated or refinanced by Trustor, or by the operation of law or otherwise, without the written consent of Beneficiary, all obligations secured by this instrument irrespective of the maturity dates expressed therein, at the option of beneficiary hereof and without demand or notice shal! immediately become due and payable. 4. Notices. Trustor requests that a copy of any Notice of Default, and of any Notice of Sale hereunder, be mailed to it at its address hereinabove set forth, and that additional copies of any such notice be mailed to the City of Palo Alto, Office of the City Clerk, 250 Hamilton Avenue, Palo Alto, California 94301, and to CalHFA, 1121 "L" Street, 7th Floor, Sacramento, CA 95814. PALO ALTO HOUSING CORPORATION APARTMENTS, INC., a California non- profit public benefit Corporation, Trustor CITY OF PALO ALTO, a Municipal Corporation 040316 syn 0091344 By: Its: CERTIFICATE OF ACKNOWLEDGMENT (Civil Code § 1189) STATE OF COUNTY OF ) ) ) On ,~<~<]~\ \_ , 2004, before me, a notary p~bliq in a~d for said County, .personally appeared ~]@{~h~_ ’~.~<~P_\£<%C~.~b< , personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) ~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 hisS?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 0091344 CERTIFICATE OF ACKNOWLEDGMENT (Civil Code § 1189) STATE OF COUNTY OF ) ) ) On , 2004 before me, , a notary public in and for said County, personally appeared , personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument, and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/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. 040316 syn 0091344 5 EXHIBIT ~A" LEGAL DESCRIPTION OF PROPERTY A!l that certain real property in the City of Pa!o Alto, County of Santa Clara, State of California, described as follows: Commencing, at a point on the center line of Dry Creek or Ditch, within the tract of land described in the Deed of Edward Barron Estate Company to Reiter, Driscoll and Driscoll, recorded December !i, 1919, which point of beginning is distant 850 feet Southwesterly at right angles from the former Southwesterly line of the State Highway which line of the Highway is the Northeasterly boundary of said land so conveyed to Reiter, Driscoll and Driscoll; thence along the center of Dry Creek, South 33 deg 08’ West, 150 feet; thence North 56 deg 55’ West, 338.41 feet to the most Southerly corner of that certain tract of land containing 27.302 acres of land, more or less, as conveyed to Sebastian C. Jones; thence North 33 deg 05’ East, 150 feet; South 56 deg 55’ East, 338.54 feet to the Point of Beginning. APN: 137-12-002 040316 sm 0091344