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HomeMy WebLinkAboutCC RESO 14,810RESOLUTION ND. 14,810 RESOLUrICId OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY, CALIFORNIA AUTHORIZING REVISIONS 10 THE QMIR/GRAMM KREENENT BETWEEN THE C1VMUNITY DEVEIAPMENF CMMISSION OF 1HE CITY OF NATIONAL CITY, CALIFORNIA AND THE CITY OF NATIONAL CITY, CALIFORNIA AND AITIHI IZING EMI/PIM OF SAID ACC, AS REVISED WHEREAS, the U. S. Dept. of Housing & Urban Development (HUD) has requested certain revisions to the Owner/Grantee Agreement for Kimball Towers which Agreement was earlier executed by the Cb munity Development Commission and by the City on August 27, 1985; and WHEREAS, said revisions requested by HUD have been prepared and the Executive Director of the Community Development Commission has made a written report and has recommended approval of said Agreement, as revised. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of National City, California that the Mayor is hereby authorized to execute the Owner/Grantee Agreement between the Cb munity Development Commission of the City of National City, California and the City of National City, California, as revised to reflect the changes requested by the U.S. Dept. of Housing & Urban Development, and the City Clerk is authorized to attest thereto. PASSED AND ADOPTED this 3rd day of December, 1985. ATTEST: Campbell, City ?lerk APPROVED AS TO FORM: 4LL. George H. Eiser, III - City Attorney ...COMMUNITY DEVELOPMENT COMMISSION of the CITY OF NATIONAL CITY For December 3, 1985 City Council Meeting TO: Mayor and City Council through City Manager FROM: ... Executive..Director SUBJECT: `" `Revised Owner/Grantee Agreement for Kimball Towers V Chairman KILE MORGAN MARION F. COOPER MICHAEL R. ()ALLA JESS ,VAN DEVENTER ,GB3RGERANATERS Executive D &ARNOLD A. PETERSON SIT u ATION: HUD, by letter dated November 15, 1985, which is in response to my letter to HUD dated October .22, ..:.1.985, has requested -revisions to the ,Owner/Grantee Agreement which was ,earlier approved by the City .Council and the ..Community Development Commission on August 27, 1985 and executed on that date. The various revisions are technical. Nevertheless City Council approval is required in order to make the required revisions. I attach the HUD letter of November 15, 1985, my letter to HUD dated October 22, 1985, the Owner/Grantee Agreement, as revised, and Exhibit "D" 2 thereof. _ The . items .in.. -my l... ere 22.,'1965 &tterz eh, ,resat i:`to-ihe Owner/Grantee Agreement "are checkedin the `righteolumn.. Paragraphs 1n : the: •.Owner/Grantee Agreement and Pachibit 12D" 2 which have been cheziged,are.:.LLalso :_checked in the right column. a The revisions do not : •change ,the ; previous ` agreements with _ HUD :.in any :substantive way. Respectfully submitted, .Arnold. A. Peterson AAP:sm "Civic iCenter `+ '1243"°National City: Boulevard A 'National City, :Cali?U11iia .92050 •. 477=1181: Ext. 63 rs+•"'4•,;g• U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT WASHINGTON, D.C. 20410-8000 f 's 11tl11A F OFFIGEOFTHE A531^.,TAHT tAPY'FOR HOU ONER Nov 15 ta-c Mr. Arnold A. Peterson Community Development Commission 1234 National City Boulevard National City, CA 92050 Dear Mr. Peterson: Enclosed please find a copy of the comments made by our legal counsel on the Kimball Towers Housing Development Grant Evidentiary package. Please respond accordingly. 'Pleasebe advised that an Amendment' to the Grant Agreement is being prepared in accordance with Item 2. We look forward to working with you to complete the Kimball Towers project. Sincerely, sssica Franklin cting Director Development Grant Division Enclosure • NOV .1 3 -1985 . NOTE TO: Jessica Franklin, Acting Director Housing Development Grant Division, Th 3 RCM: George Weidenfeller, Attorney Advisor, Assisted Housing Divison, OCH SUBJFLT: National City, California Supplemental Evidentiary Material This Office .and.the..A.;.Field ..Counsel have reveiwed the additional Inflammation .submitted :in- response .to- sur• omm nts•an: the learner sr -missions of evidentiary material' and we have the following comments: 1. Covenants - Wien does the initial period discussed in paragraph 1.h. of the definitions begin? The initial period should be the period between the .time the units are initially available for occupancy and the time that 50 percent of the units are occupied. The paragraph should be clarified. 2. The grant agreement should be amended to reflect the accurate number of units for which priority will be given .to lower income households, i.e. 120 units rather than all of the units as currently indicated in the grant agreement. The amendment should also reflect the accurate dates in Exhibit E.. 3. All documents submitted in draft must be executed and resunitted to this Office and the L.A. Field Office. 4. The revised title policy, to be ubnitted after execution and recordation of the revised HDG docume.ts, will require legal review. It ;should be.a-:cznnlete and 11.1-nding .polity, with a - legal descript ion matching :that - contained :in ether documents,' -:It must further- indicate that :he - G 1 ed Of ';Trust. is -a first lien. on the -property. cc: Robert Eenison Janine.Dolezel disc#5 COMMUNITY DEVELOPMENT 'COMMISSION `'I1'' ' �.�the •1 �:4J NAT"IC NALC7 T October 22, 1985 U. S. Department of Housing do Urban Development 451 7th Street, SW Washington, D.C. 20410-8000 Attention: George"Weidenfeller Ladies and Gentlemen: Re: :HODAG Project No. CA003HG401 Your review of Sept. 25, 1985 Ann. Danforth's review (by phone) of early October, 1985 V Chairman KILE MORGAN MARION F. COOPER MICHAEL R. DALLA .SE5S VAN DEVENTER GEORGE H.;WATERS Executive Director �\ RNOLD A. PETERSON/ Our responses deal 'first .with :George Weidenfe3ler . letter, then ; that, of. Ann Danforth. Because of the two different reviewers and the large numbers of corrections and re -drafts, all of the enclosed documents are drafts only. As soon as you can approve these documents, we will execute them, and send them along with the recorded deed (with covenants), the recorded lien and the ALTA policy. 1. Execution of Owner/Grantee Agreement. See above. 2. ;.Requirement tors .rovenaats. ..-We enclose 'sr draft _of .:regniremeats and -restrictions :to ::be -made a Tart a .the ;.deed. 3a. Priority for low-income and very -low-income applicants. We have added a paragraph 111 to 'Exhibit D-2 to :the Owner/Grantee Agreement,.. "Tenant Eligibility." ; This paragraph spells out the "priorities requiredby. the Grant Agreement and the HDG. application. 3b. Lower . Income Familie% Who Cease to be Lower Income.. We .:have eliminated this separate . form and:: simply added a: sentence to paragraph "r of :.Exhibit D-2 of -.the Owner/Grantee Agreement, eliminating -the inconsistency with:: the regulation. 4. We have added the $3,000,000 to the deed of trust. 5.. Opinions.. of, Counsel .relating to titleand debt are enclosed. _ We .enclose a: letter Ilona ":Thomas ""Iioaores:.at:.-thee Los gTPs HUD afire .showing` our AffirTruktive lair Trnrm ng Marketing Plan' :has been *approved. Nationat 3.�ty..Eattlevard 41 "National 'City,''Ca1Iiotnia BZObU. + 477-1 i81. *Ext.'B3 Page Two 7. Priority of HODAG debt. The title policy will show priority. . Vesting. The title policy will show title vesting in the Owner. 9. We have revised the start of construction date to Januyary 1986 and 'the completion of construction date to January, 1987 on page 44 of the Grant Agreement to conform to the Owner/Grantee Agreement and to reality. 10. We have eliminated paragraph 14 of "Kimball Towers Housing Development Grant Grantee Rent Mechanism", Exhibit D-1 to the Owner/Grantee .Agreement. 11. We have amended the Certification of Counsel as to availability of equity funds and land to conform to Section 7.08 of the Grant Agreement. 12.... We have amended the Note tospecify the .point at which .the 20 year term begins to run. 13. We:have made several .changes .to the .Owner/Grantee. Agreement, asfollows: a. _• Paragraph 6: This paragraph, now irrevocably commits tire; Owner to provide its equity in the Project. b. Paragraph 8. This paragraph now reflects the Owner's obligations in regard to the environment, as stated in Section 6.02 of the Grant Agreement. - c. Paragraph 11. We have added 24 CFR Part 8 to the list of laws and rg nations here. Paragraph 12(b)(4). :We have _corrected -the typo. e. Exhibit . D:-2. We .,have _.added ...a_.paragraph. 11 .to. .require . the .Owner to submit information on -very-low income .tenants as. required by Exhibit D-V-4 of the Grant Agreement. We en'In e: (1) A_:revised draft of .the Note (2) :.A _revised.draft:.of the:. Trust. Deed (3) Covenants, Requiremeiand Restrictions, which will be incorporated as attachment A to a newly recorded grant deed (4). Revised ,Opinions of ".Counsel on the debt and a new Opinion on the title (5). .;A revised. Certification ofACounsel aura abfity:of equity.. funds and land y v Page Three • (6) A revised page 44 of the Grant Agreement (7) A revised Owner/Grantee Agreement, including a revised -Exhibit D-2 reflecting the changes described above plus the changes made in connection with our letter of September 25, 1985. •(8) Letter from Thomas Honorer dated September 18, 1985. We trust that these documents, together with the recorded trust deed and the title policy, will satisfy all concerns of both George Weidenfeller and Ann Danforth. :We., wll': send the, trust . -deed :and ."title policy as:xsoon_ `es _possrbie...:In the meantime, we request that you review our revisions and quickly let us know if `"these are acceptable. Very truly yours, _ Aye bV El 1L% Arnold . A. .Peterson Executive Director AAP:LEHsm Enclosures cc: Ann Danforth, Office of HUD Counsel U. S. Dept. of Housing & Urban Development 1615 W. Olympic Blvd. Los Angeles, CA 90015-3801 OWNER/GRANTEE AGREEMENI BETWEEN THE COMMUNITY _DEY;ELOPMENT COMMISSION OF THE CITY OF -NATIONAL CITY, CALIFORNIA AND THE Crr x OF NATIONAL CITY, CALIFORNIA :.This Owner/Grantee Agreement is made and entered into this 27th day of August, 1985, by and between the City of National City, California, acting by and through the office of the Mayor of the City (the "Grantee") and the Community Development Commission of the City of National City with offices at 1243 National City Blvd., National City, California 92050 (the "Owner"). WHEREAS, the Grantee has applied for and been .selected to receive a Housing _Development Grant l"FIDG" pursuant Section 17ofthe United States Housing Act of 1937 and the HDG regulations promulgated thereunder and contained in 24 CFR Part 850 for the purpose of assisting the development of one hundred fifty (150) one -bedroom apartments for elderly and disabled persons (Kimball Towers) located in the City of National City, California (the "Project"); and WHEREAS, the Grantee and HUD have entered into a Grant Agreement dated August 27, _ 1985, (the "Grant Agreement") setting forth theterms of the HDG which terms include the execution of this Agreement by. the Owner and .the Grantee; and WHEREAS, the Grantee and the Owner, pursuant to the terms of the Grant Agreement, desire to enter into an Agreement providing for a grant by the Grantee to the Owner of an amount not to exceed three million dollars ($3,000,000), upon the terms and conditions hereinafter set forth. NOW, THEREFORE, the parties hereto intending to be legally bound agree as follows: I. The .Owner hereby'acknowledges -receipt of:-a•ropy of _the :Grant Agreement. 2. The Owner agrees to :construct` onehundred fifty (150) -one-bedroom apartments. (including ; one hundred twenty (120) units for lower income tenants):' and to provide site improvements, including parking for approximately 100 cars on an approximately two -acre site located on the easterly side of "D" Avenue at 13th Street, National . City, California 920.50. . 3.. :'Subject = to`. the ° terms, and =nations hereinafter set-I.nrth, the. Grantee agrees to make a grant to the Owner, in an amount not to exceed three -million dollars ($3,000,000). .The purpose .ofthe grant is to .partially fund.. the development of the Project. • 4. The.. Granteeagreesto comply with. all •Grantee obligations set forth in the Grant Agreement, _the .terms of which areincorporated herein by reference and _ere ::enforceable :by. the Owner. ,.5. Project activities will be .begun and completed in :accordance with the followingschedule: site preparation and., construction:. shall begin no later than January 1, :1996, -and ' be .completedno no 'later ,::than J mTTRry 31: 19fl7, except as may be :extended r by the parties in accordance with paragraph-:.29 of : this : Agreement. 6. The owner agrees to provide equity in the project in an amount sufficient to construct the project as agreed upon. The Owner agrees to irrevocably commit and provide cash in the amount of four million one hundred ninety thousand dollars ($4,190,000), plus land valued by appraisal at eight hundred • thousand dollars ($800,000), for a total commitment and obligation of four million nine hundred ninety thousand dollars ($4,990,000). The parties intend that no borrowing shall be necessary to construct the project. • • 7. The Owner warrants that it has obtained or has reasonable assurance that it will obtain, all federal, state, and local governmental approvalsand reviews required=by...law-to be ,obtained by the Owner lor the Project and that. the Project shall be developed in accordance with applicable state and local building codes. 8. The Owner warrants that it has not and shall not take any action which might have an adverse environmental effect, would limit the choices among competingenvironmental alternatives or .might alter environmental premises on which .the Grantee's environmental findings were based. • The parties hereto agree that no activity having,: potential ..environmental effects shall be undertakenuntil the Grantee has completed. an -environmental assessment of; the :Project in accordance ' with 'HTJD' regulations contained in 24 CFR Part 58. 9. The parties hereto agree that they will prepare, implement and maintain a minority and women -owned business development plan, consistent with Executive Orders 11625, 12432, and 12138, which shall contain specific measurable goals and an affirmative strategy to promote awareness and participation by such business in the contracting and procurement activities generated by the Project. .She Plans are marked ,as Exhibit :!Ana 1, :and 'A",:2 .:to -this _Agreement. AD. The Owner .agrees that 'any :duly ::authorized representative of HUD ..shall, at all reasonable times during the Project Term, have access to any parts of the Projectin which the. Owner is .involved. 11. The Owner agrees to comply with Title VIII of the Civil: Rights Act of 1968, 42 USC_3601-19 and implementing regulations; Executive Order 11063 and regulations at -24 CFR Part:107;.. Title VI of the Civil Rights . Act of..1964 (Public Law 88-352) and regulations;. at 24 CFR ..Part 1.; .the :Age :Discrimination Act of 1975, 42 .UFC 61111-97; Section 504 of ,the.. Rehabilitation .Act .of 1973, 29. USC 794 and implementing-regf*1-trons -at:: 24 .CFR Fart 8; :Executive Order` 11246 'and regulations at.41:.CFR Chapter 69;:and .therequirements of Section 3 of the Housing and Urban Development Act of 1968. 12. (a) In order to secure compliance; by the Owner with the requirements of.liIID?s HDG regulation 24 CFR 850.151(b), (c), (d), and (e), the Owner shall execute _.a : Nate_to the..: Grantee..in. .the amount ..of..the HDG. (not to exceed three min= dollars"($3,990,000), which -is marked as Exhibit''nir to this Agreement. She ,debt -shall besecured .by a real estate -trust deed:-oir .the Project,; which is. marked as Exhibit TMC".to this Agreement. The .security interest of the Grantee may be subordinated only to any lien securing funds borrowed to _complete the project. No .such.. borrowing.. is now :contemplated . (b) ' 'The Owner shall -repay- the above debt :upon . any .uncorrected .substantive violation .of the following, obligations: (1-)'; The Owner =agrees .:'not=to convert any units ..in":the Project to condominium 'ownership or to a form of °cooperative ownership that is not eligible to receive a HDG during the period beginning on the date on which units in the Project are available for occupancy and continuing for the twenty-year period . beginning from the date on which 50 percent of the total units in the Project are occupied (The "Project Term") (2) The Owner agrees that during the Project Term the Owner will not discriminate against prospective tenants on the basis of their receipt of or eligibility for housing assistance under any Federal, State, or local housing assistance program or, except for units specifically identified in this Agreement as designated for the elderly and for units that are too small for the intended icy, onrhe,hasis.that .they. have .a,..minor: rhi1d or children: who will he living with °them. (3) The Owner agrees that 120 of the 150 units to be built under this agreement will be Lower Income Units, to be occupied solely by lower income households during the Project Term. (4) The Owner acknowledges that rents for Lower Income Units are _limited by HDG regulation_24 'CFR. 850.151, that rents aresubject to the approval of the Grantee, as more specifically described in the Rent Mechanism marked as Exhibit "D" to this Agreement and incorporatedherein, and: that lower income rents and tenant income shall be determined in accordance with HUD regulations at 24 CFR Part 850, Subpart F. (5) The Owner agrees to lease Lower Income Units only to tenants who are lower income at the time of initial occupancy. Furthermore, the Owner agrees to reexamine the income of each tenant household living in Lower Income Units at least once a year. When a tenant occupying a Lower Income Unit ceases' to be lower income, _the .Owner.: agrees to :take. .the_:.appropriate ..actions ,desoribed ui aIDO regulation .34 CF.tt 851115.2(f). The: proeedures :to.he..o loweli imgip rrting this provision are- .dwgcribed .in an attachment- to 'this Aveement marked F-xhihit "E".and incorporated herein. (6) The Owner agrees to provide 60 of the 120 _ Lower . Income Units on a priority basis to households with incomes less than 50percent of the area median (i.e., below the Section 8 limits for very low income .families). The Owner agrees to charge rent for such very low income .families of no more than thirty (30) .percent of -their respective adjusted incomes or the HUD maximum, whichever is less. (7) e Owner agrees . to _ recale>;lcite lower :income rents .at. _least annually, in accordance with the terms of the Rent Mechanism, and to submit the first rent recalculation to the Grantee no later than 60 days prior to initial occupancy. (8) _The 'Owner agrees to -provide ..:tenants occupying:Lower Income Volts' at -least 30 days :prior -written :notice before ` :riptemPating .any increase.. in rents. (9) , In conformity with :section_.5_0,4(p) of the Grant Agreement :between the U. S..Department, of Housing and "Urban Development and Grantee, :the Owner ::agrees that, 'upon completes of the Project and; resolution :of any findings of the 'fina3.:audit, the .Owner ;shall. 'submit to the Grantee, .:a written certification, executed by an authorized representative of .the Owner, stating that all development related activities required to be completed by the Owner in accordance with Exhibit C of the Grant Agreement have been completed consistent with the terms of this Grant Agreement, and specifying the date of completion and . the actual cost to the Owner of labor, materials and necessary services for the construction of physical improvements for the Project in the format prescribed by HUD. - (c) (1) The Grantee agrees that upon a determination of a substantive violation by the Owner of its obligations under this paragraph, the Grantee shall notify the Owner in writing (A) of the details of the violation, (B) actions -to be taken :and the: remedies .:to be : applied to.; cure ..the violations, and ..(C) .a reasonable .time. (at least thirty days) for ;the. Owner either to : contest the determination of a violation or to take actions to cure the violation. (2) If the Owner does not correct a substantive violation, the amount of. the. Note shall become immediatelydueand payable plus simple interest accrued at a ratedetermined by .HUD by adding two percent to the average yield on outstanding marketable long-term .obligations of the United States during the monthpreceding the . date on which the initial HDG funds were re1Pppd. The prineippi amount: anti :accrued :interest to be repaid shallbe reduced by:ten .percent for each full year in excess of ten :years that :intervened between the beginningof the term of this Agreement and the violation. 13. The Owner agrees to market units in the Project in accordance with the HUD -approved Affirmative Fair Housing Marketing Plan, Form HUD-935.2 and all fair housing and equal opportunity requirements. The Affirmative Fair Housing Marketing Plan is marked as Exhibit "F" to this Agreement. 14-...Me._pa:rt es.hereto_.acknowledge-that. local_ residency regiiirsmpnts shRtt TICrt be meted.. with respect :to :the :occupancy -of :the : Project, -but that local :residency preferences are ':perm7 perms' to the extent :that they _are, not_inconsistent with: affirmative fer housing marketing objectives and the Owner's HUD -approved Affirmative Fair Hanging -Marketing Plan. Persons ..expected .to .residein the community . as ".a.. result :of current or, p7A-rtied employment will be :treatedas residents for purposes of a residency preference. 15. The :Owner, agrees that all _management and maintenance functions will be performed incompliance with applicable equal opportunity.: requirements. 36.:The Owner ::agrees :to absorb -without assistance from_ MID or the Grantee any -loss' in revenue resulting from the payment of tenant rents which are less than the HIID-imposed maximum rents. The amount of such loss is estimated by the parties to be $72,000 per year. The Owner hereby commits 20% of surplus _taxincrement funds to .provide. the $72,1100 or any _subsidy that may .be required by,. the .Project :shtring the Project term. 17. The parties hereto acknowledge that nothing contained :in this Agreement shall preclude <enforcement:. by the Federal Government of this Agreement, civil. sights :statutes, :or, other=provisions of: law that apply to <the FAG program. 18. The Owner acknowledges that HUD, in electing the Grantee for the award of the HDG, has relied in material part. upon the assured completion of the Project. The Owner assures the Grantee that it will complete the activities to be undertaken by it. 19. The Owner agrees to keep and maintain books, accounts, reports, files, records, and other documents relating to the receipt and disbursement of funds from the Grantee. Furthermore, any duly authorized representative of HUD or the Comptroller General of the United States shall, at all reasonable times, have access to and the right to inspect, copy, audit, and examine all such books, records, and other: docurneuLin accordance :with .HUD guidelines, until: the eampiation of all close-out procedures respect the "FIDG and the final settlement and °con..lusion of all issues arising out of the HDG. 20. The Owner acknowledges and agrees that no transfer of funds under this Agreement shall be or be deemed to be an assignment - of HDG :funds, : and that the Owner shall neither succeed to any rights, benefits or advances of the Grantee under the Grant Agreement, nor attain privileges, _authorities,interests, or rights in or under the Grant Agreement. '21.:During the term of .the Grant Agreement, this Agreement shall not be amended in any ,material respect without the prior written approval of HUD. An Amendment shall be deemed to be "material" if, within the control of the Owner or the Grantee, it cancels or reduces any developmental or financial obligation by more than ten percent,. changes the sites or character of any development activity, or increases any time for performance by more than thirty days. 22. The Owner acknowledges that nothing contained in the Grant Agreement, or in this Agreement, nor : any act. of HUD, or of . any _af the partrPs hereto, shall be deemed -or 'construed -by .the Owner, or. y -third -pers , ,to .create any .relationship :of :third -party. -beneficiary, principal and -agent, limited . r : general partnership, joint venture, or any association or relationship involving HUD. 23. The parties hereto . warrant that no person (1) - who is an employee, agent, consultant, officer or elected or appointed official of the Grantee who exercises or has exercised any functions or responsibilities with respect to the Project or (2) who is in a position to participate in a decision making process or gain inside .information with regard to such Project, may obtain _personal or rrnsacial interest or benefit from` the Project, or have an interest in: any contract, subcontract or agreement with 'respect thereto, °or' -the `proceeds thereunder, either for themselves or those . with whom.. they have 'family or businpss ties, during their tenure or for one year. thereafter. 24. The Owner and Grantee acknowledge that the ...Davis -Bacon Act, 40UBC 279a-276a-5: and the Contract .Work Hours and: Safety Standards Act, 40 USC 327 333 apply to: the :Project _The Owner _ and Grantee .`acknowledge that said acts and Code :sections .are binding upon :the Grantee, all participating parties, contracti..a` and subcontractors, 3nei+ii,rg the Owner. The-Owuer:.agrees = comply with those Acts and regulations issued thereunder and with other Federal laws and regulations pertaining to labor stanc1Rrds. 25. Disbursement of :funds :under this: Agreement shall be :on: the basis of vouchers submitted by the Owner which ::shall ,.-be verifiedby th.e_, Owner's . chief ;:financial officer and" approved by: the Ma.yar of the.'City of ::National City: co behalf of :the Grantee. I rsemients shall not be made ° at 'a rate .in~ excess of that contained in the approved leveraging ratio for the Project, as specifiedin section 1.01(f) of the Grant Agreement. • 26. The parties hereto acknowledge that the Grantee is obligated under the Grant Agreement to monitor the Owner's performance under this Agreement and to take legal action, as appropriate, to enforce compliance with the Owner's responsibilities under this Agreement. 27. In the event the Grantee defaults hereunder or under the Grant Agreement, the Grantee will forthwith take such steps as are necessary to correct such default. The Grantee shall send to the Owner copies of any notices it receives _from _MID .of any : violation .or .aiieged. 'violation of the Grant Agreement. 28. This Agreement may be amended only in writing, executed by the Grantee and the Owner. 29. This Agreement :shA11 be binding upon_ and inure to .the benefit: of the Grantee, the Owner and their. respective successors and assigns, except that the Owner may net assign or transfer its rights hereunder to any party without the written consent , of :the :Grantee. 30. This Agreement may be executed in as many counterparts as may be deemed necessary and convenient, each of which shall be regarded for all purposes as an original, but such counterparts shall constitute but one and the same instrument. Executed as of this 27th day of August, 1985. CITY'"1TP_:NA GNAI Lair, r, A ATTEST: lone . Campell, _ City Clerk Kile Morgan, Mayor ATTEST: COMMUNITY _ITEi LOPMENT COM MI755TON OP Tut, .'CITY OP` NA.TIONAL Arnold A. Peterson Kite Morgan, (hnirman • Secretary • Tenant Eligibility • tr--.7.\ 1. The Owner may lease a Lower Income unit only to atnanttha is..a Lnwer inraneJbauselhold at the:time of Its. initial inccuparicy. 2. In order to determine -whettin a prospective tenant or a tenant is a tower • Income household, the Owner shall ascertain the annual incane of the family. . Annual income is the anticipated total income .from all sources to be 'received by the family head and spouse and by each additional member of the family, including all net income derived from assets, for the 12-month period following the effective date of initial determination or reexamination of incane, exclusive of income that is temporary, nonrecurring or sporadic, as defined in 24 CFR 813.106(c) and exclusive of certain other types of income specified in 24 CFR 813.106(d). As necessary, the Owner will consult with the HUD field office to obtain advice and guidance with respect to incane determinations. The Owner must -verify all'incame. -assets, trouS.ehold -characteristics and circumstances that affect eligibility. Written verification di rectly fran the source must be obtained when possible. The Owner must maintain • documentation of all verification efforts for ai least three years after the effective date of the determinatinn. 4. In verifying incane the Owner shall to the extent feasible: .„„ • •(a) Maintain a checklist for each tenant, docurrenting verification -efforts and tracking progress. (b) Develop standard verification forms for all information that must be verified. Such forms should: (1) explain why the information is being requested; (2) contain the tenant's authorization to release - information; and (3) ask specific questions that will solicit the specific information requi red. (z) Ask applicants/tenants to sign,ttio copies_ofach verification farm. tct)' '.Senc1 self-adzfressed.,:itemped en_ve.lopes with -the request for verification. .(e) . Hake personal contacts with large elployers and otiblic agencies from whom a large number of tenants receive -income. . (f) Give the family an cpportUnity to explain any significint differences • between the amounts they reported an their application and amounts reported MI thirld-party verifications. - S. The Owner shall reexamine the income of each tenant household living in lower Inccrne units at least once a ,year. L. The :Grantee•shall review the Owners verification efforts at least annually to determine whether eligible families are occupying Lower .units. EXILIBIT 'lin 2 `7. :. 3n the event a tenant °is determined over -income, ,:the 'fawnerwill=. take ;pane of the !allowing -actions,.; as:appropriate+. (a) :If the unit occupied by the tenant•;-m„st be leased to a Lower Income household to maintain the percentage of Lower Income units specified in the Grant Agreement, the Owner must notify the tenant that it must move when the current lease expires or six months after the date of the notification, whichever is later; (b) If the Owner can meet this percentage without ..the unit occupied by the tenant (by leasing another unit to a Lower -Income family at the appropriate schedule rent), the Owner may continue to lease to the formerly Lower -Income family, but is free to renegotiate the rent at the expiration of the current lease. Owner's actions in these cases shall be consistent with 24 CFR 850.151(e). 8.. The _.Owner ::shall .market .the ._units ...in...accordance _ with.. the HUD -approved Affirmative :Fair :Homing Marketing :Plan, :and all fair ,housing and _equal;- pportunity requirements. 9. With the exception of the income limit requirements the standards and criteria for... tenant selection shall be .the .same .as.thosa.use,d for the market rent units. J' 10. The Owner shall give priority in 120. of. the .150 units at Kimball . Towers to Lower -Income- applicants and >priority in BD of the 120. Lower -Income units to very-, .0..444z,S1 low-income :applicants. ..:The Owner::si,AT1 undertake all .diligent. and :reasonable efforts to find applicants meeting the proper income criteria. 11. The Owner shall annually submit information regarding very low income tenants as needed for Grantee to review and approve changes in allowances for utilities and other tenant paid services and for assuring that the rents charged and collected by the Owner are in accordance with Exhibit B, item 2 of the Grant Agreement. Evidence of this commitment shall be in accordance with Section 7.02 and Section 7.05 .of . the Grant Agreement. Y