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HomeMy WebLinkAboutCDC/2002-24 RESOLUTION NO: CDC/2002-24 2 3 RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF SAN BERNARDINO APPROVING AND AUTHORIZING THE EXECUTIVE DIRECTOR, OR ITS DESIGNEE, TO EXECUTE THE COMMUNITY REDEVELOPMENT AFFORDABLE AND TRANSITIONAL HOUSING AGREEMENT BY AND BETWEEN THE REDEVELOPMENT AGENCY AND NEW HOUSE, INC. REGARDING THE PROPERTY LOCATED AT 2080 NORTH PERSHING AVENUE, SAN BERNARDINO, CALIFORNIA. 4 5 6 7 8 WHEREAS, New House Inc. is a California non-profit corporation (the "Participant"), 9 10 organized to provide counseling, rehabilitation and housing assistance to low income men, women and children; and II 12 WHEREAS, Participant has requested the Redevelopment Agency of the City of San Bernardino (the "Agency") assistance in acquiring from the U.S. Department of Housing and Urban Development (HUD), a single family unit located at 2080 North Pershing A venue, APN: 146-041-08, (the "Property") to provide affordable housing opportunities to low income households; and 13 14 15 16 17 WHEREAS, Agency has agreed to acquire the Property from HUD on behalf of Participant, and concurrently sell it to Participant at the 30% sales discount price (the 18 "Discounted Price"); and 19 20 WHEREAS, Participant has agreed to purchase the Property at the Discounted Price and pay all associated costs of acquisition, such as closing costs, recording fees, title costs, etc. and all rehabilitation costs associated with the Property; and WHEREAS, Participant has demonstrated that it has the financial capability and expertise to acquire, rehabilitate and manage the Property (the "Project"); and WHEREAS, Participant agrees that the beneficiaries of its activities under the Agreement will be for low income persons or households whose income do not exceed one hundred and fifteen percent (115%) of median income for San Bernardino County, pursuant to the agreement between the Agency and HUD, and Participant will execute and cause to be recorded a Regulatory Agreement, (the "Covenant"). 21 22 23 24 25 26 27 28 -1- CDC/2002-24 NOW, THEREFORE, BE IT RESOLVED BY THE COMMUNITY DEVELOPMENT 2 COMMISSION OF THE CITY OF SAN BERNARDINO AS FOLLOWS: 3 Section 1. A detailed description of the Project is set forth in the Community 4 Redevelopment Affordable Transitional Housing Agreement (the "Agreement") by and 5 between the Agency and Participant, which is on file with the Agency Secretary. 6 Section 2. Subject to the terms and condition of the Agreement, Participant has 7 reserved the sum of not less than seventy four thousand dollars ($74,000) for acquisition and 8 rehabilitation of the Property. 9 Section 3. The Commission hereby finds and determines that the Project described in 10 the Community Redevelopment Affordable Transitional Housing Agreement requires no 11 further environmental assessment under the provisions of the California Environmental 12 Quality Act (CEQA) in view of the Project being Categorically exempt. The Agency 13 Executive Director or hisl her designee, is hereby authorized and directed to prepare the 14 appropriate forms of written notice of determinations of categorical exclusion for the Project 15 as provided in the CEQA regulations and as per this Section 3. 16 Section 4. The Commission hereby approves the form of the Agreement as 17 presented at the meeting at which time this Resolution is adopted. The Executive Director or 18 his/her designee is hereby directed and authorized to execute the Agreement on behalf of the 19 Agency, and to make any such technical and conforming changes as may be recommended by 20 Agency Special Counsel. The Executive Director or his/her designee, is further authorized 21 and directed to execute all ancillary and related documents and agreements necessary to 22 implement the Project. 23 /11 I 24 IIII 25 I I II 26 I 11/ 27 IIII 28 I I I I -2- CDC/2002-24 2 RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF SAN BERNARDINO APPROVING AND AUTHORIZING THE EXECUTIVE DIRECTOR, OR ITS DESIGNEE, TO EXECUTE THE COMMUNITY REDEVELOPMENT AFFORDABLE AND TRANSITIONAL HOUSING AGREEMENT BY AND BETWEEN THE REDEVELOPMENT AGENCY AND NEW HOUSE, INC. REGARDING THE PROPERTY LOCATED AT 2080 NORTH PERSHING A VENUE, SAN BERNARDINO, CALIFORNIA. 3 4 5 6 7 Section 5. This Resolution shall become effective immediately upon its adoption. I HEREBY CERTIFY that the foregoing Resolution was duly adopted by Community Development Commission of the City of San Bernardino at a joint regular meeting 8 9 thereof, held on day of , 2002 by the following vote, 1st July 10 to wit: 11 COMMISSION MEMBERS: AYES NAYS ABSTAIN ABSENT 12 ESTRADA x 13 14 LIEN MCGINNIS DERRY SUAREZ ANDERSON MC CAMMACK day of x x 15 x X 16 17 X 18 X 19 20 21 22 The foregoing Resolution is hereby approved this July , 2002. 23 24 Jud" alles, Chairperson munity Development ommission 25 26 27 -3- 28 By: ---l--l L__ n_, v-'z L,' ) , I '~::-:~-L-j ( (, -~--l ''\.J' City of San Bernardino , , I , T., '-l ~--1 ' 0 ----j __f: /.~ '~ Lnr-': -J ~"', ... LJ ~ Ui;I ," ../ ,~-- Bale.hne . i ~ ..., ~ NORTH Not to Scale CDC/2002-24 NEW HOUSE INC. COMMUNITY REDEVELOPMENT AFFORDABLE TRANSITIONAL HOUSING AGREEMENT THIS COMMUNITY REDEVELOPMENT AFFORDABLE TRANSITIONAL HOUSING AGREEMENT (the "Agreement") is dated as of July 1, 2002, by and between the Redevelopment Agency of the City of San Bernardino, a body corporate and politic (the "Agency"), and New House Inc., a California non-profit corporation (the "Participant") and is entered into in light of the facts set forth in the following Recitals: RECITALS WHEREAS, Participant has the capacity to acquire and rehabilitate the HUD property located at 2080 North Pershing Avenue, APN: 146-041-08, more specifically described in Exhibit "A" (the "Property"); and WHEREAS, the Agency has agreed to acquire the Property on behalf of Participant from HUD and concurrently sell it to Participant at the thirty percent (30%) sales discount (the "Discounted Sales Price") pursuant to the provisions of the HUD Unit Purchase and Sales Agreement ("Sale Agreement") attached hereto as Exhibit "B"; and WHEREAS, Participant has agreed to accept the Discounted Sales Price and title to the Property pursuant to the provisions of the Quitclaim Deed of a Public Agency ("Quitclaim Deed") attached hereto as Exhibit "C") and pay all cost associated with the acquisition, rehabilitation and management of the Property (the "Project"). The Participant further agrees that the beneficiaries of its activities under this Agreement, are or will be for the benefit of providing transitional housing to low and moderate income families or persons whose incomes do not exceed on hundred fifteen (115%) of the County Area Median Income ("Qualified Residents"); and P:IClerical Services DeptIStephanielAgendalAgreementsI7-1-02 NEW HOUSE-Affordble Trans Agreemenl.doc 1 CDC/2002-24 WHEREAS, the Agency deems it desirable to enter into this Agreement with Participant m order to provide for the acquisition, rehabilitation, management and maintenance of the Property pursuant to the provisions of this Agreement; and WHEREAS, concurrently upon the acquisition by Participant of the Property, Participant shall execute and cause to be recorded as an Affordable housing covenant which runs with the land (the "Regulatory Agreement"), substantially in the form attached hereto as Exhibit "D" to this Agreement and incorporated herein by this reference. NOW THEREFORE, FOR GOOD AND VALUABLE CONSIDERATION, THE RECEIPT AND SUFFICIENCY OF WHICH IS HEREBY ACKNOWLEDGED, THE AGENCY AND THE PARTICIPANT HEREBY AGREE AS FOLLOWS: Section 1. General Covenants and Qualifications The terms and provisions of the Recitals of this Agreement are material to its consideration and formation and are hereby incorporated into this Agreement. Participant has fully reviewed all of the requirements and hereby certifies and warrants to the Agency that it has the capacity to initiate and complete the acquisition, rehabilitation and management of the Project. Participant hereby further warrants and covenants to the Agency that it has met the following requirements: 1.1 Legal Status. Participant is organized under State law, as evidenced by its articles of incorporation. No part of its net earnings inure to the benefit of any member, founder, contributor, or individual. Participant has a tax exemption ruling from the Internal Revenue Service (hereinafter referred to as the "IRS") under Section 501 (c) of the Internal Revenue Code of 1986, as evidenced by a certificate from the IRS. Also, Participant has among its purposes the P:IClerical Services DepIISlephanie\Agenda\AgreemenlsI7-1-02 NEW HOUSE-Affordble Trans Agreemenl.doc 2 CDC/2002-24 provision of safe, decent and affordable housing that is affordable to low and moderate-income persons. 1.2 Capacity. The accounting books and records of the Participant conforms to the financial accountability standards of Attachment F of Office of Management and Budget Circular A-llO, as evidenced by a notarized statement by the organization's Certified Public Accountant. Participant is qualified to carry out through the experience of key staff members each of whom Participant hereby certifies to the Agency to be experienced and knowledgeable regarding the Project. 1.3 Relationship with For-Profit Entities. Participant is not controlled nor receives directions from individuals or entities seeking profit from the organization. Participant is free to contract for goods and services from vendor(s) of its own choosing. Section 2. Acquisition. Rehabilitation and Use of the Property The Agency agrees to acquire the Property from the U.S. Department of Housing and Urban Development (HUD) at a price of Forty Eight Thousand, Six Hundred Thirty-Three Thousand dollars ($48,633) (this price includes the thirty percent (30%) discount provided to Agency from HUD), plus pay all closing related to the Property (the "Discounted Sales Price") with proceeds provided to the Agency from Participant. The Agency agrees to concurrently sell the Property to the Participant at the Discounted Sales Price and the Participant agrees to purchase the Property from the Agency. The Participant will improve the Property pursuant to the General Scope of the Work, attached hereto as Exhibit "E", and incorporated herein by reference (the "Work") prior to occupancy. The Participant shall use the Property to provide affordable housing opportunities to low and moderate income households tenants whose incomes do not exceed one hundred and fifteen percent (115%) of the San Bernardino County Area P:IClerical Services DeptIStephanielAgendalAgreementsI7-1-02 NEW HOUSE-Affordble Trans Agreement.doc 3 CDC/2002-24 Median Income ("Qualified Residents") for a period of not less than fifty five (55) years as provided for in the Affordable Housing and Regulatory Agreement (the "Regulatory Agreement") attached hereto and incorporated herein as Exhibit "D". The Participant shall provide all funds necessary for the successful rehabilitation of the Work on the Property which said funds shall be not less than twenty five thousand dollars ($25,000). The Work shall commence no later than sixty days (60) following the close of escrow between the Agency and Participant. The Participant shall complete the Work no later than one hundred twenty days (120) from the close of said escrow. An extension to complete the Work shall not be unreasonably withheld by the Agency. Section 3. General Project Requirements The parties hereby agree as follows: 3.1 Property Standards. The Property upon completion shall, at a minimum, meet the property maintenance standards of the federal (Housing Authority) Section 8 Housing Quality Standards ("HQS") for the Term of 55 years period as per the provisions and the Regulatory Agreement. Participant hereby agrees that the Agency or its designee shall be permitted regular access to the Property in order to physically inspect the Property and ensure compliance with the terms of this Agreement. Such inspections shall occur at least annually. Section 4. Maintenance of the Property. The Participant for itself, its successors and assigns hereby covenants and agrees that: 4.1 The areas of the Property which are subject to public view (including all paving, walkways, landscaping, exterior signage and ornamentation) shall be maintained in good repair and a neat, clean and orderly condition, ordinary wear and tear excepted. In the event that at any time following the date of recordation of the Regulatory Agreement, there is an occurrence of an P:IClerical Services DeptIStephanie\Agenda\AgreementsI7-1-02 NEW HOUSE-Affordble Trans Agreemenl.doc 4 CDC/2002-24 adverse condition on any area of a Property which is subject to public view in contravention of the general maintenance standard described above, (a "Maintenance Deficiency"), then the Agency shall notify the Participant in writing of the Maintenance Deficiency and give the Participant thirty (30) days from receipt of such notice to cure the Maintenance Deficiency as identified in the notice. In the event the Participant fails to cure or commence to cure the Maintenance Deficiency within the time allowed, the Agency may conduct a public hearing following transmittal of written notice thereof to the Participant ten (10) days prior to the scheduled date of such public hearing in order to verify whether a Maintenance Deficiency exists and whether the Participant has failed to comply with the provisions of this Section. If upon the conclusion of a public hearing, the Agency makes a finding that a Maintenance Deficiency exists and that there appears to be non-compliance with the general maintenance standard described above, thereafter the Agency shall have the right to enter the Property and perform all acts necessary to cure the Maintenance Deficiency, or to take other action at law or equity which the Agency may then have to accomplish the abatement of the Maintenance Deficiency. Any sum expended by the Agency for the abatement of a Maintenance Deficiency on the Property authorized by this Section shall become a lien on that Property. If the amount of the lien is not paid within thirty (30) days after written demand for payment by the Agency to the Participant, the Agency shall have the right to enforce the lien in the manner as provided in subsection (c), below. 4.2 Graffiti, as this term is described in Government Code Section 38722, which has been applied to any exterior surface of a structure or improvement on the Property which is visible from any public right-of-way adjacent or contiguous to the Property, shall be removed by the Participant by either painting over the evidence of such vandalism with a paint which has P:IClerical Services DeptIStephanielAgendalAgreementsI7-1-02 NEW HOUSE-Affordble Trans Agreement.doc 5 CDC/2002-24 been color-matched to the surface on which the paint is applied, or graffiti may be removed with solvents, detergents or water as appropriate. In the event that such graffiti may become visible from an adjacent or contiguous public right-of-way but is not removed within 72 hours following the time of such application, the Agency shall have the right to enter the applicable Property and remove the graffiti without notice to the Participant. Any sum expended by the Agency for the removal of such graffiti from the Property authorized by this Subsection (b) in an amount not to exceed $250 per entry by the Agency, shall become a lien on the Property. If the amount of the lien is not paid within thirty (30) days after written demand for payment by the Agency to the Participant, the Agency shall have the right to enforce its lien in the manner as provided in Subsection (c), below. 4.3 The parties hereto further mutually understand and agree that the rights conferred upon the Agency under this Section expressly include the power to establish and enforce a lien or other encumbrance against the Property, in the manner provided under Civil Code Section 2924, for sums expended in upholding the maintenance standard required under subsection (a) or subsection (b), including salaries and wages of the legal staff of the Office of City Attorney and/or Agency Counsel as may be associated with the abatement of the Maintenance Deficiency or removal of graffiti and the collection of the costs of the Agency in connection with such action. The provisions of this Section 4, shall be a covenant running with the land and the Property, and shall be enforceable by the Agency. Nothing in the foregoing provisions of this Section 4 shall be deemed to preclude the Participant from rehabilitating and operating the Property, as long as the Participant complies with the applicable zoning and building regulations of the City. P:IClerical Services DeptIStephanielAgendalAgreementsI7-1-02 NEW HOUSE-Affordble Trans Agreement.doc 6 CDC/2002-24 Section 5. Indemnification The Participant shall indemnify and hold harmless the Agency and the City, their departments, agencies, boards, commissions, elected officials, officers, attorneys, employees and agents of the City and the Agency from and against any and all claims or liability arising from Participant's actions under this Agreement or from the conduct of Participant's business or from any activity, work, permitted or suffered by Participant. Participant shall further indemnify and hold harmless the Agency and City, their departments, agencies, boards, commissions, elected officials, officers, attorneys, employees and agents from and against any and all claims arising from any breach or default in the performance of any obligation of Participant under the terms of this Agreement arising from any negligent or wrongful act or omission of the Participant or Participant's agents, contractors, employees or invitees and from and against all costs, attorneys' fees, expenses and liability incurred in the defense of any such claim or any action or proceeding brought thereon. Participant's agreement to indemnify and hold the Agency and City as enumerated above harmless shall extend to any claims or liabilities, including but not limited to claims pertaining to environmental conditions, alleged construction defects, or other matters, that may arise as a result of the Participant's acquisition and ownership of the Property and the rehabilitation, improvement, occupancy and management of the Property. The costs, salary and expenses of the city attorney and members of his office in enforcing the Agreement on behalf of the Agency and the City of San Bernardino shall be considered as "attorneys fees for the purpose of this section. Section 6. Insurance While not restricting or limiting the foregoing, during the term of this Agreement, the Participant shall maintain in effect policies of comprehensive public, general and automobile liability insurance, in the amount of $1,000,000, per occurrence P:IClerical Services DeptIStephanielAgendalAgreementsI7-1-02 NEW HOUSE-Affordble Trans Agreemenl.doc 7 CDC/2002-24 combined single limit, naming the Agency and the City of San Bernardino, their departments, agencies, boards, commissions, elected officials, officers, attorneys, employees, and agents as additionally insured. A certificate of insurance evidencing such coverage shall be provided to the Mayor or her designee, with the added notation that the insurance policy shall not be terminated or materially altered without 10 days prior written notice to the Agency and the City. Section 7. Breach and Termination. 7.1 Termination Without Default or Breach Prior to Transfer of Title in the Property to the Participant. This Agreement may be terminated for the convenience of either party who is not then in default upon thirty (30) days notice provided that said parties have performed their respective obligations contained in this Agreement. 7.2 Defaults and Breach - General. Failure or delay by either party to perform any material term or provision of this Agreement shall constitute a default under this Agreement; provided however, that if the party who is otherwise claimed to be in default by the other party commences to cure, correct or remedy the alleged default within thirty (30) calendar days after receipt of written notice specifying such default and shall diligently complete such cure, correction or remedy, such party shall not be deemed to be in default hereunder. The party which may claim that a default has occurred shall give written notice of default to the party in default, specifying the alleged default. Delay in giving such notice shall not constitute a waiver of any default nor shall it change the time of default; provided, however, the injured party shall have no right to exercise any remedy for a default hereunder without delivering the written default notice as specified herein. Any failure to delay by a party in asserting any of its rights and remedies as to any default shall not operate as a waiver of any default or of any rights or remedies associated with a default. P:IClerical Services DeptIStephanielAgendalAgreementsI7-1-02 NEW HOUSE-Affordble Trans Agreement.doc 8 CDC/2002-24 Except with respect to rights and remedies expressly declared to be exclusive in this Agreement, the rights and remedies of the parties are cumulative and the exercise by either party of one or more of such rights or remedies shall not preclude the exercise by it, at the same or different times, of any other rights or remedies for the same default or any other default by the other party. In the event that a default of either party may remain uncured for more than thirty (30) calendar days following written notice, as provided above, a "breach" shall be deemed to have occurred. In the event of a breach, the party who is not in default shall be entitled to terminate this Agreement and seek any appropriate remedy or damages by initiating legal proceedings, if necessary. 7.3 In the event that either party brings an action to enforce any condition or covenant, representation or warranty arising out of this Agreement, the prevailing party in such action shall be entitled to recover from the other party reasonable attorneys' fees to be fixed by the court in which a judgment is entered, as well as the costs of such suit. For the purposes of this Section 7.3, the words "reasonable attorneys' fees" in the case of the Agency include the salaries, costs and overhead of lawyer's employed in the Office of the City Attorney of the City of San Bernardino, allocated on a hourly basis for the performance of any services rendered to the Agency under this Agreement. Section 8. Enforcement of this Agreement The Agency at its discretion may terminate this Agreement, in whole or in part, by giving Participant thirty (30) calendar days written notice. Section 9. Notice. Any notice, demand, request, consent, approval or communication that either party desires or is required to give to the other party under this P:IClerical Services DeptIStephanielAgendalAgreernentsI7-1-02 NEW HOUSE-Affordble Trans Agreernent.doc 9 CDC/2002-24 Agreement shall be in writing and shall be delivered to the appropriate party by personal service or U.S. Mail at its address as follows: Participant: New House, Inc. 850 North Arrowhead Avenue San Bernardino, California 92401 Attn: Executive Director Agency: Economic Development Agency of the City of San Bernardino Attn: Executive Director 201 North "E" Street, Suite 301 San Bernardino, California 92401 Section 10. Miscellaneous. This Agreement is executed in three (3) duplicate originals, each of which is deemed to be an original. This Agreement includes referenced Exhibits "A" through "E", which together with this Agreement constitute the entire understanding and agreement of the parties. No private entity shall be deemed to be a third party beneficiary with respect to any provision of this Agreement. This Agreement integrates all of the terms and conditions mentioned herein or incidental hereto, and supersedes all negotiations or previous agreements among the parties or their predecessors in interest with respect to all or any part of the subject matter hereof. If any part or provision of this Agreement is in conflict or inconsistent with applicable provisions of federal, state, or city laws, or is otherwise held to be invalid or unenforceable by any court of competent jurisdiction, such part or provision shall be suspended and superseded by such applicable law or regulations, and the remainder of this Agreement shall not be affected thereby. All waivers of the provisions of this Agreement must be in writing by the Executive Director of the Agency, or his or her designee, and the Participant, and all amendments thereto must be in writing by the Executive Director of the Agency and the Participant, except that the P:IClerical Services DeptIStephanielAgendalAgreementsI7-1-02 NEW HOUSE-Affordble Trans Agreement.doc 10 CDC/2002-24 Executive Director, or his/her designee, of the Agency may only agree to non-substantive, and technical changes hereto provided said changes do not increase the Agency's financial obligation under said Agreement, and with concurrence by Agency Counsel. Substantial changes to this Agreement shall require the prior approval of the governing board of the Agency. The date of this Agreement shall be the date when it shall have been signed by the Executive Director of the Agency evidenced by the date shown next to the authorized signatures of the Agency, below. IN WITNESS HEREOF, the Agency and Participant have executed this Agreement as of the date first hereinabove set forth. AGENCY Date7/S ~ 7- / Redevelopm9lP Agency of the City or,~JlrrBernardino /' ( " /"'! By: t / / PARTICIPANT New House Inc. Date 1~~'-u1- By: ~~ i~(/~Y~~ k)U ~ cd, cr< ~'r-.. L -f,~ Title: By: Title: P:IClerical Services DepIISlephanielAgendalAgreemenlsI7-1-02 NEW HOUSE-Affordble Trans Agreement.doc 11 CDC/2002-24 EXHIBIT" A" LEGAL DESCRIPTION LOT 14 FLORENCE HEIGHTS, AS PER MAP RECORDED IN BOOK 17 OF MAPS. IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY. P:IClerical Services DeptIStephanielAgendalAgreementsI7-1-02 NEW HOUSE-Affordble Trans Agreement.doc 12 CDC/2002-24 EXHIBIT "E" GENERAL SCOPE OF WORK (the "WORK") The rehabilitation Work of the Property includes, but is not limited to, landscaping, fencing, removal, repair or replace doors, windows and screens with accessories, paint interior and exterior of building, repair or replace plumbing and electrical systems, repair or replace the roof, repair flooring, cabinets and other code deficiencies to comply with City housing codes, and health and safety requirements. In addition to the Work provided herein, the Participant shall be required to comply with the rehabilitation and improvement standards of the Acquisition, Rehabilitation and Resale (ARR) Program. p:leleric.l Services DeptISteph.nielAgend.lAgreementsI7-1-02 NEW HOUSE-AfTordble Trans Agreement.doc 13 CDC/2002-24 2002 HUD UNIT PURCHASE AND SALE AGREEMENT Property Address: 2080 North Pershing Avenue (New House, Inc. Project) HUD Designated Escrow Agent: <-)-- THIS HUD UNIT PURCHASE AND SALE AGREEMENT (the "Agreement") is dated for identification purposes only, as of July 1, 2002 and is made and entered into by and between the REDEVELOPMENT AGENCY OF THE CITY OF SAN BERNARDINO (the "Agency") and New House, INC., a California non-profit corporation (the "Participant"), with reference to the following: RECITALS A. WHEREAS, the Agency and the Secretary of Housing and Urban Development (the "Secretary") are expected to enter into that certain Sales Contract - Property Disposition Program a copy of which is attached hereto as Exhibit "A" (the "HUD Contract") regarding sale by the Secretary to the Agency of that certain property commonly known as 2080 North Pershing Avenue, San Bernardino, California (the "HUD Unit"). A legal description of the HUD Unit is attached hereto as Exhibit "B"; and B. WHEREAS, subject to the terms and conditions of that certain Community Redevelopment Affordable Transitional Housing Agreement dated July 1, 2002 (the "Agreement"), by and between the Participant and the Agency, Agency desires to sell the HUD Unit to the Participant and the Participant desires to purchase a specific HUD Unit from the Agency as designated by the Participant pursuant to the Agreement at the close of the "HUD Escrow" as set forth herein. C. As used in this Agreement, the words "escrow agent" refer to the escrow company designated by the Secretary of HUD whose name and address appear in the caption of this Agreement. P:\Clerical Services Dcpt\StephaniclAgendalAgreements\7-I-02 New House Inc. Purchase and Sale Agrmt.doc 1 CDC/2002-24 NOW, THEREFORE, IN CONSIDERATION OF THE MUTUAL COVENANTS SET FORTH HEREIN, THE PARTICIPANT AND THE AGENCY AGREE AS FOLLOWS: 1. Warranty of Authority bv Participant. The Participant warrants that it is a California non-profit corporation under the laws of the State of California, and is authorized to execute this Agreement and all of the documents and instruments contemplated hereby, including, without limitation, supplemental escrow instructions and the Acceptance of Agency Quitclaim Deed; and that this transaction has been approved by a resolution of its members. A certified copy of that resolution which remains in effect, will be delivered to Agency before the close of the HUD Escrow as set forth herein. 2. Desil!nation of HUD Unit and Agreement to Sell and to Purchase. (a) The Participant hereby designates the HUD Unit for purchase as authorized under Section 3(c) of the Agreement. (b) Subject to the terms and conditions of the Agreement and this Agreement, the Agency agrees to sell and the Participant agrees to purchase the HUD Unit. 3. Purchase Price. (a) The "Purchase Price" for the HUD Unit is the same sum in cash or immediately available funds in United States Currency as the discounted purchase price which the Agency has agreed to pay the Secretary pursuant to the HUD Contract for the HUD Unit. (b) The Purchase Price shall be payable by the Participant's delivery of the full amount to the escrow holder in cash or by wire transfer of immediately available funds at least one(l) business day before close of the HUD Escrow or by cashier's check during business hours at least three(3) business days before the close the HUD Escrow. (c) All of the Purchase Price will be provided by the Participant into established HUD Escrows account authorized under the Agreement. (d) Pending the time of the close of the HUD Escrow, the escrow agent shall hold such funds as may be remitted under Section 3(c) for the order and account of the Participant, in separate funds of the escrow agent at least two (2) business days before the close of the HUD Escrow. 4. HUD Escrow Costs. In addition to the Purchase Price, the Participant hereby agrees to pay all of the costs of the escrow holder in the HUD Escrow including all amounts charged to the account of the Secretary and the Agency. The escrow holder is hereby instructed to collect such costs and charges from the Participant at the close of the HUD Escrow. P:\Clerical Services Depl\5tcphanie\Agenda\Agreements\7-1-01 New House In!;. Purchase and Sale Agrmt.doc 2 CDC/2002-24 5. Conditions for the Benefit of the Ae:ency. The obligation of the Agency to perform this Agreement is subject to the satisfaction of the following conditions, which are for the Agency's benefit only: (a) if the Secretary has not heretofore executed the HUD Contract, that the Secretary execute said HUD Contract within fifteen(15) days after the date hereof; (b) that the Secretary perform under the HUD Contract and the title of the HUD Unit actually be transferred from HUD to the Agency within forty-five(45) days after the date hereof; (c) the Agency shall have received, in form and substance satisfactory to the Executive Director, a certificate evidencing the insurance required pursuant to Section_ of this Agreement; (d) that the Participant has duly execute and deliver to the escrow holder, in recordable form the Acceptance of the Participant of the Agency Quitclaim Deed and the Regulatory Agreement; (e) that the Participant is not otherwise in default under its other obligations to the Agency under the Agreement. The conditions set forth above are for the Agency's benefit only and the Executive Director of the Agency (the "Executive Director") may waive all or any part of such rights by written notice to the Participant and escrow holder. If any of said conditions are not satisfied within the time provided, or within such longer time as may be allowed by the Executive Director, the Agency may thereafter terminate this Agreement without any liability on the part of the Agency by giving written notice of termination to the escrow holder, with a copy to the Participant. Escrow holder shall thereupon, without further consent from the Participant, return to each party the documents, if any, deposited by them. 6. Conditions for Participant's Benefit. The obligation of the Participant to perform this Agreement is subject to the satisfaction of the following conditions, which are for the Participant's benefit only: (a) if the Secretary has not heretofore executed the HUD Contract, that the Secretary execute said HUD Contract within fifteen (15) days after the date hereof; and (b) that the Secretary performs its obligations under the HUD Contract and the HUD Unit actually transfers from HUD within forty-five(45) days after the date hereof. The conditions set forth above are for the Participant's benefit only and the Participant may waive all or any part of such rights by written notice to the Agency and the escrow holder. If any said conditions are not satisfied within the time provided, or within such longer time as may be allowed by the Participant, subject to the approval of the Secretary and the Agency, the P:\Clerical Services DeptIStcphanie\Agenda\Agreemcnls\7.].02 New House Inc. Purchase and Sale Agrrnl.doc 3 CDC/2002-24 Participant may thereafter terminate this Agreement without any liability on the part of the Participant by giving written notice of termination to the escrow holder, with a copy to the Agency. Escrow holder shall thereupon, without further consent from the Agency, return to each party the documents, if any, deposited by them. 7. Escrow. The transfer of the HUD Unit to the Participant shall be consummated through an escrow established with the escrow agent engaged by the Secretary to handle the transfer of the HUD Unit to the Agency under the HUD Contract. Such escrow shall be opened on a schedule coordinated with the closing or the transfer of the HUD Unit between the Secretary and the Agency under the HUD Contract. This Agreement shall constitute the escrow instructions to the escrow holder of the Participant and the Agency with respect to the HUD Unit. The Agency and the Participant agree to execute such additional and ministerial escrow instructions as may be reasonably required by the escrow holder. 8. Term of Escrow. Escrow shall close concurrently with the close of escrow under the HUD Contract. "Opening Escrow" shall mean the date upon which a fully executed copy of this Agreement is delivered to the escrow holder. "Close of Escrow" shall mean the date upon which the quitclaim deed from Seller to Buyer is recorded in the Office of the County Recorder of the County of San Bernardino, California. 9. Condition of Title. The Agency shall convey to the Participant by quitclaim deed all of the right, title and interest in the HUD Unit which the Agency receives from the Secretary under the HUD Contract. The form of the Agency Quitclaim Deed is attached hereto as Exhibit "c" and incorporated herein by this reference. 10. Title Insurance. The Agency shall not be responsible for providing any title insurance to the Participant in connection with the transfer of title in the HUD Unit to the Participant. Any title insurance desired by the Participant shall be ordered and paid for by the Participant at its sole cost and expense. II. Prorations. All assessments, including improvement assessments which are available for payment without interest or penalty for advance payment, taxes, rent, and ground rent, if any, shall be prorated as of the Close of Escrow. In as much as this escrow will close concurrently with the escrow under the HUD Contract, through which escrow such items will be prorated between the Secretary and the Agency, the parties acknowledge and agree that the Participant shall be charged for such prorations in precisely the same amount as the Agency is charged under the HUD Contract. 12. Escrow Closing Costs. The Participant shall pay all escrow closing costs of both parties, including, without limitation, all escrow and recording fees and transfer taxes. Additionally, the Participant shall pay all closing costs and expenses charged to the Agency in the escrow by which HUD transfers the HUD Unit to the Participant. 13. Closinl!:. Within forty five (45) days following the date of this Agreement or such earlier date as the Secretary may demand under the HUD Contract, the Participant shall cause the full P:\Clerical Services Dept\Stephanie\Agenda\Agrecments\7.I~02 New House Inc. Purchase and Sale Agnnl.doc 4 CDC/2002-24 amount of the Purchase Price, plus the escrow costs and related charges of the escrow holder, to be delivered to the escrow holder in available funds. To the extent that the Purchase Price, plus escrow costs, may exceed the amount of the grant funds available for disbursement to the Participant under Section 3(c) from the Agency for the HUD Unit, the Participant shall be solely responsible for paying for the difference between the Purchase Price and the amount of the disbursement for the HUD Unit under Section 3(c) of this Agreement. At the Close of Escrow, (a) the Agency shall deliver to the Participant through escrow, the Agency Quitclaim Deed conveying the HUD Unit to the Participant, (b )the Participant shall deliver to the Agency through escrow the acceptance of the Agency Quitclaim Deed, (c) the Agency and the Participant shall each execute in recordable form the Regulatory Agreement and (d) the escrow holder shall collect and pay the sums indicated for the transfer of the HUD Unit under the HUD Contract and this Agreement and deliver such other documents to the parties in accordance with the instructions of each of them. At the Close of Escrow, the escrow holder shall cause the Agency Quitclaim Deed and the Regulatory Agreement to be recorded in the Official Records of the County of San Bernardino, California, and the escrow holder shall provide the Agency with a copy of both the buyer's and the seller's escrow settlement statement with respect to the HUD Unit. 14. Condition of the HUn Unit. The Agency makes no representation or warranty to the Participant or to any third party concerning the condition of the HUD Unit, including, without limitation, mechanical systems, dry basement, foundation, structural, or compliance with code, zoning or building requirements and the Agency will make no repairs to the HUD Unit either before or after execution of this Agreement. The Participant understands that the Agency does not guarantee or warrant that the HUD Unit is free of visible or hidden structural defect, termite damage, lead-based paint, or any other condition that may render the HUD Unit uninhabitable or otherwise usable. Participant acknowledges responsibility for taking such action and conducting such investigation of the condition of the HUD Unit as it believes necessary to satisfy itself that the HUD Unit is in a condition acceptable to it and the Participant agrees to accept the HUD Unit in the same condition delivered to the Agency by the Secretary, in an "AS IS," "WHERE IS" and "SUBJECT TO ALL FAULTS" condition. 15. Possession: Reoairs. The Participant may not perform repairs nor take possession of the HUD Unit until the HUD Escrow is Closed. At the close of the HUD Escrow, the Participant shall take possession of the HUD Unit and promptly commence the work of rehabilitation as required for the HUD Unit under the Agreement. 16. No Assil!nment. The Participant and the Agency each agree that this Agreement shall be binding upon their respective, heirs, executors, administrators, successors or assigns and is not assignable by the Participant. 17. Notices. All notices, demands and requests which may be given by either party to the other or to the escrow holder shall be in writing and shall be deemed to be given upon personal delivery or forty-eight (48) hours after deposit in the United States mail, certified, return receipt requested, postage prepaid, addressed to the party to be notified at the address following the P:\Clerical Services Dept\Stcphanie\Agenda\Agreements\7.I-02 New House Inc. Purchase Ilnd Sale Agnnt.doc 5 CDC/2002-24 party's signature or if addressed to the escrow holder, at the address set forth in the supplemental escrow instruments signed by the parties. Either party may designate by written notice to the other party in the manner set forth in this Agreement another address for notice. 18. Miscellaneous Provisions. 19.1 Waiver. The waiver of any provisions of this Agreement shall be invalid unless evidenced by a writing signed by the party to be charged therewith. The waiver of, or failure to enforce, any provision of this Agreement shall not be a waiver of any further breach of such provision hereof. The waiver by either or both parties of the time for performing an act shall not be a waiver of the time for performing any other act or acts required hereunder. 18.2 Modifications. No change or addition to this Agreement or any part hereof shall be valid unless in writing and signed by each of the parties. 18.3 Governine: Law. This Agreement shall be governed by California law. 18.4 Headings. The headings in this Agreement are for convenience only and shall not be used to interpret this Agreement. 18.5 Further Acts. Each party agrees to take such further action and to execute and deliver such further documents as may be necessary to carry out the purposes of the Agreement with respect to the HUD Unit and this Agreement. 18.6 Attornevs' Fees. If either party incurs attorneys' fees to enforce this Agreement or because of a breach of this Agreement by the other party, the prevailing party shall be entitled to recover reasonable attorneys' fees as set by the court from the other party. For the purposes of this Agreement, the phrase "reasonable attorney's fees" shall include without limitation the salaries, overhead and benefits of the City Attorney for the City of San Bernardino and the attorney's employed in that public office who are utilized in connection with any action required or taken in connection with this Agreement. 18.7 No Real Estate Brokers Commission Pavable By the Agency. The Agency shall not be responsible for the payment of any real estate brokers commission or finders fee in connection with the escrow or the transfer of the HUD Unit to the Participant. 18.8 Time. Time is of the essence with respect to this Agreement. P;\Clerical Services Dcpt\Stephanie\Agcnda\Agreements\7-I-02 New House Inc. Purchase and Sale Agnntdoc 6 CDC/2002-24 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written. AGENCY Date: 7 Is h -z I I By: PARTICIPANT New House Inc., a California non-profit corporation By: ~~ (Jep~ Its: By: Its: P:\Clcrical SClVices Ikpt\Stephanie\Agenda\AgreemenL~\7.I-02 New House Inc. Purchase and Sale Agnnt.doc 7 CDC/2002-24 ~~ ",~.t.~.~~"-'---::'~'.'.." , , 'RECEIVED-CITY CLERK' ) ) ) ) ) ) ) ) ) ) ) ) .02 JlJL -8 P 5 :30 RECORDING REQUESTED BY Redevelopment Agency of the City of San Bernardino AND WHEN RECORDED MAIL PROPERTY TAX BILL TO: New House Inc. 850 North Arrowhead Avenue San Bernardino, California 9240 I (Space above linc reserved for use by Recorder) REDEVELOPMENT AGENCY OF THE CITY OF SAN BERNARDINO QUITCLAIM DEED OF A PUBLIC AGENCY AND COMMUNITY REDEVELOPMENT AFFORDABLE SINGLE FAMILY RESIDENTIAL HOUSING ACQUISITION AND REHABILITATION, USE AND OCCUPANCY CONDITIONS, COVENANT AND RESTRICTIONS ( 2080 NORTH PERSHING AVENUE) PART A THIS QUITCLAIM DEED OF A PUBLIC AGENCY AND PURSUANT TO THE COMMUNITY REDEVELOPMENT AFFORDABLE TRANSITIONAL HOUSING AGREEMENT (the "Quitclaim Deed") transfers all of the right, title and interest of the Redevelopment Agency of the City of San Bernardino, a body corporate and politic (the Agency) in certain real property situated at 2080 North Pershing Avenue, San Bernardino, California (the "Property") to NEW HOUSE INC., a California non-profit corporation, (the "Participant"), subject to the community redevelopment affordable housing conditions, covenants and restrictions contained in PART B hereof. The Agency is the grantor in this Quitclaim Deed, and the Participant is the grantee. For valuable consideration, the receipt of which is hereby acknowledged, the Agency hereby quitclaims to the Participant, subject to the community redevelopment affordable housing conditions, covenants and restrictions of this Quitclaim Deed, all of the right, title and interest of the Agency in the Property, as more particularly described below; SBEO/OOO IIDOC/4050-2 6/8/00 1030 jrnw Page 1 of 5 CDC/2002-24 (-- The Property--) Lot 14 Florence Heights, as per map recorded in book 17 of maps, on file in the Official Records of the Office of the Recorder of San Bernardino County. PART B The quitclaim of the Property by the Agency to the Participant is expressly subject to the satisfaction of the following community redevelopment affordable housing conditions, covenants and restrictions as arise under that certain Community Redevelopment Affordable Transitional Housing Agreement, dated as of , (the" Agreement") by and between the Agency and the Participant: 1. for a term of fifty-five (55) years (the "Affordability Period") beginning on the date of recordation of this Quitclaim Deed, the Property shall be used, reserved, sold, transferred, granted, conveyed or otherwise hypothecated for occupancy only to a "person" or a "family" who is a "Qualified Resident". The words "Qualified Resident" refer to any person or family whose adjusted gross income during the twelve (12) months preceding the date of occupancy of the Property by the Qualified Resident does not exceed the income qualification limits referenced in the Agreement for a low-income person or family; 2. during the Affordability Period, the Property may be used by the Participant as rental housing; provided however that the Property shall be occupied as rental housing to Qualified Residents and the amount of rent charges by the Participant to such Qualified Resident shall not exceed the fair market rent; and 3. the Property shall be subject to the following affordable housing redevelopment covenant in perpetuity and the text which appears in this Quitclaim Deed shall be incorporated into the text of each grant deed or other instrument which transfers the Property to a successor in interest of the Participant: "The grantee herein covenants by and for himself or herself, his or her heirs, executors, administrators and assigns, and all persons claiming under or through them, that there shall be no discrimination against or segregation of, any person or group of persons on account of race, color, creed, religion, sex, marital status, age, handicap, national origin or ancestry in the sale, transfer, use, occupancy, tenure or enjoyment of the land herein conveyed, nor shall the grantee himself or herself or any person claiming under or through him or her, establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of any vendee in the land herein conveyed. The foregoing covenants shall run with the land." SBEOIOOO IIDOC/4050-2 6/8100 1030 jmw Page 2 of 5 CDC/2002-24 PART C During the Affordability Period under subparagraph 1 of PART B, the Agency hereby authorizes the Participant to conduct the Project, as this term is defined in the Agreement, on the Property. The provisions of PART C of this Quitclaim Deed shall have no further force or effect upon the Property after the fifty-fifth (55th) anniversary following the date of recordation of this Quitclaim Deed, unless such date is modified by a recorded instrument duly executed by the Participant and the Agency as provided in the Agreement. PART 0 The provisions of this Quitclaim Deed are expressly declared by the Agency to promote an increase, improvement and preservation of the community's supply of low- and moderate-income housing. The transfer of the Property by the Agency to the Participant for this purpose and the recordation of this Quitclaim Deed is authorized by Health and Safety Code Sections 33334.2 and 33334.3, and other applicable law and actions of the Agency, including without limitation, the Agreement. PART E Upon the delivery of this Quitclaim Deed to the Participant, the community redevelopment affordable housing conditions, covenants and restrictions as contained herein shall be covenants and restrictions which affect the Property and shall run with the land and shall be enforceable by either the Agency or by the City of San Bernardino, a municipal corporation, as provided by Health and Safety Code Section 33334.3(f)(2) against the Participant and each successor in interest or assignee of the Participant in the Property. No person other than either the City of San Bernardino or the Agency shall be deemed to be authorized to enforce any provision of this Quitclaim Deed as a covenant or restriction which runs with the land and affects the Property. p:\Clerical ServiCfi Oepl\Slephanic\Al!cnda\Agrecmenls\1.I.oZ NcwHOUlie Quitclaim Dc1:d.Uoc Page 3 of5 CDC/2002-24 THIS QUITCLAIM DEED is executed as of the date indicated below next to the authorized signature of the Executive Director of the Agency. Dated: 7/Y/l/~ ! ! I [NOTARY JURAT ATTACHED] I P:\Clerical Services Dept\Stephanie\Agenda\Agrcements\7-]-02 NewHouse Quitclaim Deed.doc Page 4 of 5 CDC/2002-24 ACCEPTANCE OF QUITCLAIM DEED AND COMMUNITY REDEVELOPMENT AFFORDABLE TRANSITIONAL HOUSING AGREEMENT DATED JULY 1, 2002 The undersigned officers/members of New House Inc., a California non-profit corporation (the "Participant"), hereby acknowledge the acceptance on behalf of the Participant of the delivery of the instrument identified above as the "Quitclaim Deed of a Public Agency and Community Redevelopment Affordable Transitional Housing Agreement (the "Quitclaim Deed"), and the transfer of the Property from the Redevelopment Agency of the City of San Bernardino, subject to the conditions, covenants and restrictions contained in the Quitclaim Deed. The Participant hereby acknowledges and agrees that it accepts the Property in an "AS- IS", "WHERE IS" and "SUBJECT TO ALL FAULTS" condition and that the Participant is solely responsible for causing the Property to be improved and rehabilitated and reserved for occupancy and use by Qualified Residents as set forth in the Agreement by and between the Agency and Participant and the within instrument. The Participant hereby further accepts and agrees to each of the community redevelopment affordable housing use, improvement and occupancy conditions, covenants and restrictions contained in the Quitclaim Deed which touch and concern the Property and are community redevelopment covenants which run with the land. PARTICIPANT New House Inc., a California non-profit corporation Dated: 7- fi: - 0 'L.. By ~~~~ Its: By: Its: [NOTARY JURAT ATTACHED] P:\Clcrical Services Dept\StcphanielAgcndalAgreements\7-I-02 NewHOllse Quitclaim Deed.doc Page 5 of5 CDC/2002-24 STATE OF CALIFORNIA ) COUNTY OF SAN BERNARDINO ) On July 8. 2002 before me, Stephanie Jefferson. Notary Public , personally appeared Gary Van Osdel , personally known to me tef provcd to mc on tho ba::;i::; of satisfactory cvidence) to be the personfsj whose namefsj istare subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacityfies1, and that by his/her/their signaturefsj on the instrument the personfsj, or the entity upon behalf of which the personfsj acted, executed the instrument. ~. '-'SfEPHANIE JEFFERS~ , _ eommlsslon # 1254565 " -. Notary Pub\1C - Callfom\O ! 1 San BernadIno eountv t , My~"2.ecpIeS~25.:.~ - WITNESS my hand and official seal. Signature' (Seal) CDC/2002-24 CALIFORNIA ALL.PURPOSE ACKNOWLEDGMENT ~~~'(x.QQ~~~'(x~&<'~&'CG<'-<X'~~~~~~.&<'~~M~&<'~.&'M~~~~&v~ ~, ~, ?il State of califOrnia} !?> ~ ~ ttr lAd ss, ~ ~ County of (\ NA ,,0 ~ i OJI {l"\R. r( ba~002..- beforerne, ~ ~ personally appeared E: If> r r""'\ ~ ~~:". D personally known to me I.," ~ ,ooroved to me on the basis of satisfactory ~ ~~~ ~ @ ~,.,.. 1 ~- - - - -STEP-H::'I-e JE-FFE-RSQN- - r to be the personN whose name\i,l is/al'8-l " : ~ 1 "'" r subscribed to the within instrument and ~ Commission * 1~ or; acknowledged to me that -Aelshe~ executed ' :1 '~. Notary ~11c _ CaIIfcmIa > the same in -l:lis/her~ authorized ", ' ~ < San Berna'd1no ,.~...... -, ~ 1 ~.l capacity(~ and that by ~er~ir ~ ~ ~ __, ~~m,~~~ signature(~n the instrument the person(~ or @ ~ the entity upon behalf of which the person~ ~ ~ acted, executed the instrument. @ ~ ~ I ::1:: my haod '" ~ ~ ~ ~,:, OPTIONAL ~Ii., : ?i; Though the information below is not required by law, it may prove valuable to persons relying on the document and could prevent ~ frauduient removal and reattachment of this form to another document, ' , ~ Description of Attached Document ~ ~ ~ ~ Title or Type of Document: ~ ~ Document Date: Number of Pages: ~ g Signer(s) Other Than Named Above: ~ ~ ~ ~ Capacity(ies) Claimed by Signer ~ I, I :g:::::~, ", :, "",,.. ~ ?ii [J Corporate Officer - Title(s): ~ ~ D Partner - D Limited D General ~ ~ D Attorney-in-Fact ~ ~ D Trustee ~ ~ IJ Guardian or Conservator g ~ C Other: ~ ~ Signer Is Representing: @ ~~x;x,x;x,'<X,'<X,~~'<X,'6<:;'<X.'<X,x;x,~'<'X.'<'X.~x;x,~~~x;x,x;x,~'<X>x;x,'<Xi<;~';::'~~~'<X,~~~'Qv~'Q'~ @ 1999 National Notary Association. 9350 De Solo Ave., P.O. Box 2402. Chatsworth, CA 91313-2402. www.nalionalnolary.org Prod. No. 5907 Reorder: Call Toll-Free 1-800-876-6827 EXHIBIT "D" RECORDING REQUESTED BY AND ) WHEN RECORDED MAIL TO: ) ) REDEVELOPMENT AGENCY OF THE ) CITY OF SAN BERNARDINO ) 201 North "E" Street, Suite 301 ) San Bernardino, California 92401 ) A TTN: Housing Division ) (Space above line reserved for use by Recorder) REDEVELOPMENT AGENCY OF THE CITY OF SAN BERNARDINO HOUSING REGULA TORY AGREEMENT AND PROPERTY USE COVENANT ("Regulatory Agreement") (San Bernardino County Assessor Parcel No. 146-041-08) -- NEW HOUSE INC. -- THIS 2002 REGULATORY AGREEMENT AND PROPERTY USE COVENANT (the "Covenant") is dated as of July 1. 2002, by and between the Redevelopment Agency of the City of San Bernardino, a body corporate and politic (the "Agency") and New House Inc., a California non-profit corporation (the "Participant"), with respect to the following facts set forth in the RECITALS of this Covenant: -- RECITALS -- 1. This Covenant affects the real property located at 2080 North Pershing Avenue. San Bernardino, California (the "Site"). A legal description of the Site is attached herein as Exhibit "A." 2. The Participant is the owner of the Site. 3. The Participant acquired the Site from the Agency pursuant to the terms and conditions of an agreement entitled "Community Redevelopment Affordable Transitional Housing Agreement" dated as of July 1,2002 (the "Agreement") by and between the Participant and the Agency. 4. The Participant and the Agency have caused this Covenant to be recorded as a covenant which affects the Site and which runs with the land for the term set forth herein in order P:IClerical Services DcptIStephllnie\Agenda\7-]-02 NEW HOUSE INC. Reg Agrml.doc 1 to implement certain provisions of the "City Program," with respect to the Site and the "Project", as these terms are defined in the Agreement, and the Health and Safety Code Sections 33334.2 and 33334.3 THE PARTICIPANT AND THE AGENCY FOR THEMSELVES, AND THEIR SUCCESSORS AND ASSIGNS, HEREBY COVENANT AND AGREE AS FOLLOWS: Section 1. Incorporation by Reference of Agreement. The provisions of the Agreement are hereby incorporated into this Covenant by this reference. A true and correct copy of the Agreement is on file with the Agency Secretary as a public record, and interested persons may inspect the Agreement during regular business hours of the Agency. Unless the context or the usage of a particular defined term as used in this Covenant may specifically require, the meaning of all defined terms as used in this Covenant shall have the same meaning as set forth in the Agreement. Section 2. Term of Covenant. Unless modified, this Covenant shall have a term which ends on the fifty-five (55) year following the date of recordation of this Covenant. The term of this Covenant is referred to herein as the "Affordability Period." Section 3. Covenant Use of the Site. During the Affordability Period, the Site shall be used or reserved for use and occupancy by Qualified Residents as the term is defined in the Agreement (e.g. persons and households oflow and moderate income) in compliance with the Agreement. Section 4. Covenant--Business and Compliance Records. During the Affordability Period of this Covenant the Participant shall establish and maintain certain business records in accordance with the provisions of the Health and Safety Code Sections 33334.2 and 33334.3 which relate to the use of the Site for the affordable rental housing unit purposes by Qualified Residents authorized under Section 3 of this Covenant. The Agency shall have the right to annually inspect the Site and to review the Participants tenant records to insure compliance with the Agreement and Covenant. Section 5. Indemnity of Agency By the Participant. The Participant waives all claims, suits, losses, damages, costs (including reasonable attorneys' fees) and demands, administrative fees, penalties and fines imposed, connected there within and hereby agrees to indemnify, defend and hold harmless the Agency, its officers, agents, and employees and each of them from any and all claims, suits, losses, damages, costs (including reasonable attorneys' fees) penalties, and fines imposed and demands including reasonable attorney's fees connected there within, on account of personal injury, including death, or property damage, sustained by any person or entity which in any way relates to the Site, including without limitation any claims or matters relating to pre-existing conditions. Section 6. Covenant Against Unlawful Discrimination. No person shall, on the grounds of race, sex, familial status, creed, color, religion, family status, or national origin, be P:\Clerical Services DcptISlephanie\Agcnda\7-I-02 NEW ilOUSE INC. Reg Agrml.doc 2 excluded from participating in or be refused the benefits of or otherwise subjected to discrimination in connection with the use of the Site. Section 7. Maintenance Condition of the Site. The Participant for itself, its successors and assigns hereby covenants and agrees that: (a) The exterior areas of the Site which are subject to public view (e.g.: all improvements, paving, walkways, landscaping, and ornamentation) shall be maintained in good repair and a neat, clean and orderly condition, ordinary wear and tear excepted. In the event that at any time during the period of time as provided in Section 2 of this Covenant, there is an occurrence of an adverse condition on any area of the Site which is subject to public view in contravention of the general maintenance standard described above, (a "Maintenance Deficiency") then the Agency shall notify the Participant in writing of the Maintenance Deficiency and give the Participant thirty (30) days from the date of such notice to cure the Maintenance Deficiency as identified in the notice. The words "Maintenance Deficiency" include without limitation the following inadequate or non-confirming property maintenance conditions and/or breaches of single family dwelling residential property use restrictions: failure to properly maintain the windows, structural elements, and painted exterior surface areas of the dwelling unit in a clean and presentable manner; failure to keep the front and side yard areas of the Site free of accumulated debris, appliances, inoperable motor vehicles or motor vehicle parts, or free of storage of lumber, building materials or equipment not regularly in use on the Site; failure to regularly mow lawn areas or permit grasses planted in lawn areas to exceed nine inches (9") in height, or failure to otherwise maintain the landscaping in a reasonable condition free of wed and debris; parking of any commercial motor vehicle in excess of 7,000 pounds gross weight anywhere on the Site, or the parking of motor vehicles, boats, camper shells, trailers, recreational vehicles and the like in any side yard or on any other parts of the Site which are not covered by a paved and impermeable surface; the use of the garage area of the dwelling unit for purposes other than the parking of motor vehicles and the storage of personal possessions and mechanical equipment of persons residing in the Site. In the event the Participant fails to cure or commence to cure the Maintenance Deficiency within the time allowed, the Agency may thereafter conduct a public hearing following transmittal of written notice thereof to the Participant ten (10) days prior to the scheduled date of such public hearing in order to verify whether a Maintenance Deficiency exists and whether the Participant has failed to comply with the provision of this Section 8(a). If, upon the conclusion of a public hearing, the Agency makes a finding that a Maintenance Deficiency exists and that there appears to be non-compliance with the general maintenance standard, as described above, thereafter the Agency shall have the right to enter the Site (exterior areas only) and perform all P:\Clerical Services Depl\Stephanie\Agenda\7-1-02 NEW HOUSE INC. Reg Agnnl.doc 3 acts necessary to cure the Maintenance Deficiency, or to take other action at law or equity the Agency may then have to accomplish the abatement of the Maintenance Deficiency. Any sum expended by the Agency for the abatement of a Maintenance Deficiency as authorized by this Section 8(a) shall become a lien on the Site. If the amount of the lien is not paid within thirty (30) days after written demand for payment by the Agency to the Participant, the Agency shall have the right to enforce the lien in the manner as provided in Section 8( c). (b) Graffiti, as this term is described in Government Code Section 38722, which has been applied to any exterior surface of a structure or improvement on the Site which is visible from any public right-of-way adjacent or contiguous to the Site, shall be removed by the Participant by either painting over the evidence of such vandalism with a paint which has been color-matched to the surface on which the paint is applied, or graffiti may be removed with solvents, detergents or water as appropriate. In the event that such graffiti may become visible from an adjacent or contiguous public right-of-way but is not removed within 72 hours following the time of such application, the Agency shall have the right to enter the Site and remove the graffiti without notice to the Participant. Any sum expended by the Agency for the removal of such graffiti from the Site authorized by this Subsection (b) in an amount not to exceed $250.00 per entry by the Agency, shall become a lien on the Site. If the amount of the lien is not paid within thirty (30) days after written demand for payment by the Agency to the Participant, the Agency shall have the right to enforce its lien in the manner as provided in Subsection (c), below. (c) The parties hereto further mutually understand and agree that the rights conferred upon the Agency under this Section expressly include the power to establish and enforce a lien or other encumbrance against the Site, in the manner provided under Civil Code Section 2924, for sums expended in upholding the maintenance standard required under subsection (a) or subsection (b), including salaries and wages of the legal staff of the Office of City Attorney and/or Agency Counsel as may be associated with the abatement of the Maintenance Deficiency or removal of graffiti and the collection of the costs of the Agency in connection with such action. The provisions of this Section, shall be a covenant running with the land and the Site, and shall be enforceable by the Agency. Nothing in the foregoing provisions of this Section shall be deemed to preclude the Participant from rehabilitating and operating the Project on the Site, provided that such construction and improvement of the Project complies with the applicable zoning and building regulations of the City. Section 8. Notice, Defaults and Breach - General. Failure or delay by either party to perform any material term or provision of this Covenant or the Agreement shall constitute a default hereunder; provided however, that if the party who is otherwise claimed to be in default by the other party commences to cure, correct or remedy the alleged default within thirty (30) calendar days after receipt of written notice specifying such default and shall diligently complete such cure, correction or remedy, such party shall not be deemed to be in default hereunder. The party which may claim that a default has occurred shall give written notice of default to the party in default, specifying the alleged default. Delay in giving such notice shall not constitute a waiver of any default nor shall it change the time of default; provided, however, the P:\Clerical Services Dcpt\Stcphanic\Agcnda\7-1-02 NEW HOUSE rNC Reg AgffiltdOl; 4 injured party shall have no right to exercise any remedy for a default hereunder without delivering the written default notice as specified herein. Any failure or delay by a party in asserting any of its rights and remedies as to any default shall not operate as a waiver of any default or of any rights or remedies associated with a default. Except with respect to rights and remedies expressly declared to be exclusive in this Covenant, the rights and remedies of the parties are cumulative and the exercise by either party of one or more of such rights or remedies shall not preclude the exercise by it, at the same or different times, of any other rights or remedies for the same default or any other default by the other party. In the event that a default of either party may remain uncured for more than thirty (30) calendar days following written notice, as provided above, a "breach" shall be deemed to have occurred. In the event of a breach, the party who is not in default shall be entitled to seek any appropriate remedy or damages by initiating legal proceedings. For the purposes of giving notice under any provision of this Covenant, the addresses to which such notice shall be transmitted are as follows: For Participant: For Agency: New House, Inc. Attn: Executive Director 859 North Arrowhead Avenue San Bernardino, CA 92401 Economic Development Agency of the City of San Bernardino Attn: Executive Director 201 North "E" Street, Suite 301 San Bernardino, CA 92401 If either party incurs attorneys' fees in order to enforce its rights under this Covenant against the other party, the prevailing party shall be entitled to recover its reasonable attorneys' fees as set by the court from the other party. For the purposes of this Covenant, the phrase "reasonable attorneys' fees" shall include without limitation the salaries, overhead and benefits of the City Attorney for the City of San Bernardino and the attorneys employed in that public office who are utilized in connection with any action required or taken in connection with this Covenant. Section 9. Covenant Runs With the Land. The provisions of this Covenant shall be covenants which run with the land and the Site for the Affordability Period. This Covenant is expressly declared by the parties to be for the benefit of the Site and the redevelopment project areas of the Agency. P:\Clcrical Services Dept\Stepbanic\Agenda\7-1-02 NEW HOUSE INC. Reg Agrml.doc 5 IN WITNESS HEREOF, the authorized officers of the parties have caused this Covenant to be executed on the dates indicated below. PARTICIPANT New House, Inc., a California non-profit corporation Dated: By: By: [NOTARY JURAT ATTACHED] AGENCY Redevelopment Agency of the City of San Bernardino Dated: By: Gary Van Osdel Executive Director TTACHED] P;IClcrical Servicc5 DepIIStephanie\Agenda\7-1'()2 NEW HOUSE INC. Reg Agnnt.doc 6 EXHIBIT A LEGAL DESCRIPTION LOT 14 FLORENCE HEIGHTS, AS PER MAP RECORDED IN BOOK 17 OF MAPS. IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY. P:\Clcrical Services Dt:pt\Stcphanie\Agenda\7-J-02 NEW HOUSE INC Reg Agrmt.doc 7 EXHIBIT "E" GENERAL SCOPE OF WORK (the "WORK") The rehabilitation Work of the Property includes, but is not limited to, landscaping, fencing, removal, repair or replace doors, windows and screens with accessories, paint interior and exterior of building, repair or replace plumbing and electrical systems, repair or replace the roof, repair flooring, cabinets and other code deficiencies to comply with City housing codes, and health and safety requirements. In addition to the Work provided herein, the Participant shall be required to comply with the rehabilitation and improvement standards of the Acquisition, Rehabilitation and Resale (ARR) Program. P:IClerical Services DeptIStephanie\Agenda\AgrecmentsI7-1-02 NEW HOUSE-Affordble Trans Agreement.doc 13