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HomeMy WebLinkAbout1979-241 . ,(.~" . , -.. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 ".. .'. ~_. ". ~ '. . RESOLUTION NO. f7' oS? (/ ( RESOLUTION OF THE CITY OF SAN BERNARDINO AUTHORIZING THE EXECUTION OF AN URBAN DEVELOPMENT ACTION GRANT AGREEMENT WITH THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT RELATING TO MERVYN'S DEPARTMENT STORE DEVELOPMEN BE IT RESOLVED BY THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BERNARDINO AS FOLLOWS: SECTION 1. The Mayor of the City of San Bernardino is hereby authorized and directed to execute on behalf of said City an agreement with the United States Department of Housing and Urban Development relating to the Mervyn's Department Store development, a copy of which is attached hereto, marked Exhibit "A" and incorporated herein by reference as fully as though set forth at length. I HEREBY CERTIFY that the foregoing resolution was duly adopted by the Mayor and Common Council of the City of San Bernardino at a ~D( ~(O/J \..!.v AI.L/ / / AYES: meeting thereof, held on the ;,J'~ , 1979, by the following vote, to wit: , ~~/'~ coun~~~n('alZ4.b~ 'W k-,~' .Tt, k_J> y(A-~, .oJ/2<4,JL( ~Jiwj day of NAYS: ~-7 Lf2<l L,G ABSENT: r~ . r, ,(let lLC'Ll" in)1 l,,1 f~Ll'-- ~ ~/~.r~ ./ City C erk Tne foregoing resolution is hereby approved this /' YM./ day of /'f~j / , 1979. , . . , . ~ '. . . , . -'0_ ~ ",/1 1::0<1 ./, 0..( 11 UNITED STATES DEPARTMENT OF HOUS ING AND URBAN DEVELOPMENT ASS ISTANT SECRETARY FOR COMMUNITY PLANNING AND DEVELOPMENT Office of Urban Development Action Grants U D A G GRANT AGREEMENT Urban Development Action Grant Under Section 119 of the Housing and Community Development Act of 1974 (Public Law 93-383, as Amended) Name of Recipient: Ci t of San Bernardino Address of Recipient: Mayor's Office Ci ty of San Bernardino San Bernardino, California 92418 Grant Mgr A N Grant Category D C I R 0 UDAG Grant Number: B-79-AA-06-0522 Fiscal Year: 1979 Award Date: March 31, 1979 Amount of Grant $761,200 UDAG OFFICE USE ONLY Devel Off M A Effective Date Ratio UDAG PVT. 1 , o . , INTRODUCTORY Preamble Recitals . .' U D A G TABLE OF CONTENTS GRANT AGREEMENT ARTICLE I - GENERAL PROVISIONS Section 1.01 Section 1.02 Section 1.03 Contents of Agreement Exhibits Incorporated General Definitions ARTICLE II - AMOUNT AND AUTHORIZED USES OF GRANT FUNDS Section 2.01 Section 2.02 Section 2.03 Section 2.04 Grant Assistance Provided Authorized Uses of Grant Funds Adjustments to Grant Funds Recipient's Use of Grant Revenues ARTICLE III - DISBURSEMENT OF GRANT FUNDS Section 3.01 Section 3.02 Section 3.03 Section 3.04 Section 3.05 Section 3.06 Letter of Credit Procedures Incurring Costs for UDAG Funded Activities Incurring Costs for Non-UDAG Funded Activities Authorization by the Secretary for the Recipient to Draw Funds Reimbursement of Costs Conditions Precedent to Recipient's Draw of Funds Under Letter of Credit ARTICLE IV - COMPLIANCE WITH FEDERAL PROTECTIVE RULES Section 4.01 Section 4.02 Delegation and Acceptance of Responsibilities Under Federal Protective Rules Environmental Requirements Page 1 1 Page 2 2 2 Page 5 5 5 5 Page 7 8 10 10 11 12 Page 14 14 ARTICLE V - REPRESENTATIONS. WARRANTIES AND SPECIFIC OBLIGATIONS Page Section 5.01 Section 5.02 Section 5.03 Section 5.04 Section 5.05 Recipient's Representations and Warranties 15 Obligation to Complete UDAG Funded Activities As Scheduled 17 Obligation to Achieve Projected Jobs 17 Obligation to Cure Title Defects 18 Notification and Action Upon Events of Default 19 ARTICLE VI - INSPECTION AND REVIEW Page Section 6.01 Section 6.02 Section 6.03 Section 6.04 Duty to Maintain, and Rights to Inspect and Copy, Books, Records and Documents Site Visits Duration of Inspection Rights Reports ARTICLE VII - DEFAULTS AND REMEDIES Section 7.01 Section 7.02 Defaults Remedies Upon Event of Default and Default ARTICLE VIII - CERTIFICATIONS BY RECIPIENT Section 8.01 Section 8.02 Certifications Upon Draw of Funds Environmental Certifications (i) 20 20 20 20 Page 21 21 Page 23 23 ., '. , .", ~ " . , TABLE OF CONTENTS - Continued Escrow of Revenues Revenues Applied To Costs Revenues for Title I Activities Assurance of Governmental Approvals Completion of Project Assurances of Projected Jobs Maintaining Records and Right to Inspect Access to Project No Assignment or Succession Secretary Approval of Amendments Disclaimer of Relationships Page 25 25 25 25 26 26 27 27 27 28 28 ARTICLE IX - THIRD PARTY CONTRACT REQUIREMENTS Section 9.01 Section 9.02 Section 9.03 Section 9.04 Section 9.05 Section 9.06 Section 9.07 Section 9.08 Section 9.09 Section 9.10 Section 9.11 Opinions of Recipient's Attorney Commitments of Participating Parties - In General Form of Documentary Evidence - General Evidence of Contracts - Form Evidence of Loan Commitment - Form Evidence of Loans - Form Evidence of Investor's Equity - Form Evidence of Finances Satisfactory to Counsel - Form Anti-Speculation Provisions - Sale of Real Property Evidence of Title to Real Property - Form Page 29 29 30 30 31 32 33 33 34 35 ARTICLE X - EVIDENTIARY MATERIALS Section 10.01 Section 10.02 Section 10.03 Section 10.04 Section 10.05 Section 10.06 Section 10.07 Section 10.08 Section 10.09 Section 10.10 Notices Assignment Successors Bound Remedies Not Impaired Indemnification Cumulative Remedies Severability Entire Agreement Execution in Counterparts Table of Contents; Titles and Headings Amendment of this Grant Agreement Disclaimer of Relationships Governing Law Waiver by Secretary Effective Date Page 37 37 38 38 38 38 38 38 39 39 39 39 39 40 40 ARTICLE XI - MISCELLANEOUS Section 11.01 Section 11.02 Section 11.03 Section 11.04 Section 11.05 Section 11.06 Section 11.07 Section 11.08 Section 11.09 Section 11.10 Section 11.11 Section 11.12 Section 11.13 Section 11.14 Section 11.15 EXHIBIT A EXHIB IT B EXHIBIT C EXHIBIT D EXHIB IT E EXHIBIT F SCHEDULE OF EXHIBITS SUPPLEMENTARY PROVISIONS DESCRIPTION OF UDAG FUNDED ACTIVITIES DESCRIPTION OF NON-UDAG FUNDED ACTIVITIES PROJECT BUDGET - SUMMARY OF PROPOSED EXPENDITURES REQUIRED EVIDENTIARY MATERIALS PROJECT PERFORMANCE SCHEDULE (ii) . , < . . . PREAMBLE 1 THIS GRANT AGREEMENT is made and entered into by and 2 between THE SECRETARY OF HOUSING AND URBAN DEVELOPMENT, acting 3 by and through the Assistant Secretary for Community Planning and 4 Development, as representative of the United States of America, 5 and the Recipient. 6 7 RECITALS 8 I 9 THE RECIPIENT has applied to the Secretary for grant 10 assistance under the UDAG Program to undertake activities which 11 are consistent with the provisions of Section 119 of the Act and 12 the UDAG Regulations; and 13 14 THE SECRETARY, in reliance upon the representations set 15 forth in the Application, has approved the award of grant funds to 161 the Recipient, to be expended by the Recipient in conformity with 17 the requirements and provisions of this Grant Agreement; 18 19 IN CONSIDERATION of the mutual promises and covenants 20 contained in this Grant Agreement, the Secretary and the Recipient 21 agree as follows: 221 23 24 25 i 26' 27 28 291 301 I 311 32 I I , I 1. I II !I '. . 4'" " , ' ARTICLE I GENERAL PROVISIONS 1 Section 1.01 Contents of ~reement 2 This agreement between the parties hereto relating to 3 the Project shall consist of this Grant Agreement, the Application, 4 and all exhibits hereto, as the same may, from time to time, be 5 amended. 6 7 Section 1.02 Exhibits Incorporated All exhibits which are referred to in this Grant 8 Agreement and are attached hereto, are incorporated herein and 9 made a part hereof. 10 11 Section 1.03 General Definitions For all purposes, unless specifically provided other- 12 wise or the context otherwise requires, when used in this Grant 13 Agreement: 14 (1) '~ct" means the Housing and Community Development 15 Act of 1974, Pub. L. No. 93-383, as amended. 16 17 181 I 19 20 21 221 I 23 !I (2) '~pplication" means the Application For Federal Assistance, and such other submittals by the Recipient, as are specified in Exhibit A to this Grant Agreement. (3) "Default" means any event of default set forth in subsection (a) of Section 7.01 of this Grant Agreement which con- tinues for the period set forth in subsection (b) of said Section 7.01. (4) "Eligible Costs" means costs incurred by the 24 25 26 27 Recipient for purposes authorized by Section 2.02 and more part- icularly described in Exhibit D to this Grant Agreement, provided that such costs (i) are not incurred in connection with any activity which, under 24 C.F.R. Part 570, as the same may be from time to time amended, is ineligible under the UDAG Program, and 28 29 30 31 (ii) conform to the requirements of Attachment B to Federal Management Circular 74-4 (Cost Principles Applicable to Grants and Contracts with State and Local Government), as the same may be 321 from time to time amended. I I I II II ;J For purposes of determining the 2. . . I, , . . . 1 conformity of costs to said Attachment B, all costs set forth in 2 Section C thereof except for "prearrangement costs" and "proposal 3 costs" (which are eligible only to the extent authorized in Section 4 570.454 of 24 C.F.R. Part 570) may be considered eligible without 5 prior approval of the Secretary. 6 (5) '~nvironmental Conditions" means the conditions 7 imposed by law, applicable regulations and the provisions of 8 Sections 3.02, 3.03, 3.05, 3.06, 4.02 and 8.02 of this Grant 9 Agreement which prohibit or limit the commitment and use of grant 10 funds until certain procedural requirements have been completed. 11 (6) '~nvironmental Requirements" means the requirements 12 described in Sections 4.01 and 4.02 of this Grant Agreement. 13 (7) '~nvironmental Studies" means all eligible 14 activities necessary to produce an "environmental document", as 15 that term is defined at Section 1508.10 of 40 C.F.R. Part 1508, or 16 to comply with the requirements of 24 C.F.R. Part 58, or the 17 requirements of Sections 4.01 or 4.02 of this Grant Agreement. 18 (8) 'Tederal Protective Rules" means all rules which 19 are established by Federal statutes and regulations for the pro- 20 tection of persons or property, or for the protection of things 211 environmental, historic, cultural, flora or fauna. 2211 II 22431'1' HouSing and Urban Development. (10) ''Letter of Credit" means the letter of credit to 2511 be issued or amended by the Department of the Treasury pursuant 2611 to Section 3.01 of this Grant Agreement. 271 I 28 (9) '~UD" means the United States Department of (11) ''Non-UDAG Funded Activities" means those activities not directly assisted with UDAG Program funds, the assured complet- 29 ion of which was relied upon by the Secretary in selecting the 30 Recipient for the award of funds under this Grant Agreement, which 31 activities are more particularly described in Exhibit C to this 32 I Grant Agreement. II II II I' ,I II 3. . . . . .' 1 (12) "Participating Party" means any person, firm, corp- 2 oration or entity identified as such in Exhibit A to this Grant 3 Agreement. 4 (13) "Project" means the group of integrally related 5 activities described in the Application which are to be carried 6 out to meet the objectives of the UDAG Program, and includes all 7 UDAG Funded Activities together with all Non-UDAG Funded Activities. 8 (14) ''Recipient'' means the local governmental entity 9 receiving UDAG Program funds pursuant to this Grant Agreement, as 10 more particularly identified on the cover page to this Grant 11 Agreement. 12 (15) "Secretary" means the Secretary of Housing and 13 Urban Development or any other official of HUD to whom the 14 Secretary has delegated authority to act with respect to matters 15 covered by this Grant Agreement. 16 (16) "UDAG Funded Activities" means those activities to 17 be directly assisted with UDAG Program funds, which activities are 18 more particularly described in Exhibit B to this Grant Agreement. 19 (17) "UDAG Program" means the Urban Development Action 20 Grant Program established by HUD pursuant to Section 119 of the Act. 21 (18) 'WAG Regulations" means the regulations set forth 22 in 24 C.F.R. Part 570, Subpart G, as the same may from time to 23 time be amended. 24 25 26 27 28, 29 30 31 32 4. . . . . ARTICLE II AMOUNT AND AUTHORIZED USES OF GRANT FUNDS 1 Section 2.01 Grant Assistance Provided 2 In consideration of the various obligations undertaken 3 by the Recipient pursuant to this Grant Agreement, and in consid- 4 eration of the obligations to be undertaken by Participating 5 Parties, as represented by the Recipient in the Application, the 6 Secretary agrees, subject to the terms and conditions set forth 7 herein, to provide the Recipient with grant funds in the amount 8 specified in Exhibit A to this Grant Agreement. 9 10 Section 2.02 Authorized Uses of Grant Funds The funds provided to the Recipient pursuant to this 11 Grant Agreement shall be used in connection with the UDAG Funded 12 Activities described and depicted in Exhibit B to this Grant 13 Agreement and shall be so used solely for the authorized purposes 14 described in Exhibit D to this Grant Agreement. 15 Section 2.03 Ad;ustments to Grant Funds The amount of grant funds which the Secretary has agreed , 161 171 181 191 20 il 2J 1 , 221 I to provide to the Recipient under this Grant Agreement has been determined by the Secretary, in part, in reliance upon the cost estimates of the Recipient with respect to the UDAG Funded Activ- ities set forth in the Application, and in part, in reliance upon the investment estimates of Participating Parties with respect to the Non-UDAG Funded Activities and UDAG Funded Activities set forth 231 24 in the Application. The Secretary reserves the right to reduce the amount of funds granted under this Grant Agreement (i) to 25 conform to any revision to which the Recipient and the Secretary 2611 may agree with respect to Exhibits B,C or D to this Grant Agreement, 27 I or (ii) if the actual costs for UDAG Funded Activities are lower 2811 than those set forth in Exhibits B or D to this Grant Agreement. I 29 Section 2.04 Recipient's Use of Grant Revenues 30 (a) The Secretary shall have the right to require all 31 I revenues received by the Recipient, or by any Participating Party, 321 which are derived in whole or in part by the use of grant funds, I s. I II " 17 181 191 1 20 21 22j 23 241 I 251 2611 2711 I , 28 29 30 31 321 I I II II :, . . 1 prior to the completion of all UDAG Funded Activities, to be 2 deposited into an escrow, under arrangements approved by the 3 Secretary, in order to provide funds to assure completion of the 4 UDAG Funded Activities. The Secretary may exercise said right 5 either by specifying such requirement at Exhibit A to this Grant 6 Agreement, or by separate written instructions to the Recipient 7 delivered at any time prior to the completion of all UDAG Funded 8 Activities and the draw of funds to reimburse costs incurred for 9 such activities. 10 (b) Unless otherwise specifically authorized or 11 required at Exhibit A to this Grant Agreement, all revenues which 121 are received by the Recipient, or by any Participating Party, 13 during the term of this Grant Agreement and prior to completion 14 of all UDAG Funded Activities, which are derived in whole or in 15 part by the use of grant funds, shall be used to reimburse costs 16 incurred for UDAG Funded Activities. Such revenues shall be so used in place and instead of any draw under the Letter of Credit, to the extent adequate to reimburse costs so incurred. (c) Unless otherwise specifically authorized or required at Exhibit A to this Grant Agreement, all revenues received by the Recipient, or by any Participating Party, after the completion of all UDAG Funded Activities, which are derived in whole or in part by the use of grant funds, shall be used by the Recipient, or by the Participating Party subject to the approval of the Recipient, for community or economic development activities which would be eligible for assistance under Title I of the Act. 6. . . ARTICLE III DISBURSEMENT OF GRANT FUNDS 1 2 31 Secretary Section 3.01 Letter of Credit Procedures (a) Promptly after it has become effective and the has received, from the Recipient, not less than three (3) 4 fully executed copies of this Grant Agreement, the Secretary shall 5 cause a Letter of Credit to be issued to the Recipient by the 6 Department of the Treasury, or shall cause the Letter of Credit 7 previously issued to the Recipient by the Department of the 8 Treasury with respect to the Community Development Block Grant 9 Program under Title I of the Act to be increased, in accordance 10 with procedures established by the Department of the Treasury, in 11 an amount not to exceed the amount of grant funds referenced in 12 Section 2.01 and specified in Exhibit A to this Grant Agreement. 131 (b) The issuance or increase of a Letter of Credit 14 shall not, thereby, authorize the Recipient to use such Letter of 15 Credit or to reimburse any costs out of funds of this grant. The 161 authorization to use the Letter of Credit and to reimburse costs 17i out of grant funds shall be governed by the provisions of Section 18i 3.05 of this Grant Agreement and shall be subject to all conditions 19 precedent to the Recipient's draw of funds which are specified in 201 Section 3.06 of this Grant Agreement. The Recipient shall not 211 draw upon the Letter of Credit unless and until the Secretary has 2211 so authorized the Recipient, pursuant to Section 3.04 of this 23 il Grant Agreement. 24! (c) The Recipient is authorized to draw funds against 25 the Letter of Credit only in accordance with the provisions of this 261 Grant Agreement and the procedures established by the Secretary I 271 and the Department of the Treasury. No payment by the Department 28 of the Treasury of an improper or unauthorized draw to the 29 Recipient shall, to any extent, constitute a waiver of the right 30 of the Secretary subsequently to challenge the validity of such 311' draw, to enforce all rights and remedies set forth in Article VII ,I 3211 of this Grant Agreement, or to take corrective or remedial I 7. 1 II ,I . . ", 1 administrative action pursuant to the UDAG Regulations, which 2 action may include, without limitation, suspension or termination 3 of the Recipient's funding under this Grant Agreement. 4 (d) The disposition of any funds provided under this 5 Grant Agreement that remain available under the Letter of Credit 6 following completion of the UDAG Funded Activities or the termin- 7 ation of this Grant Agreement by the Secretary or its termination 8 for any cause shall be in accordance with close-out procedures then 9 in effect or established by the Secretary, and the Recipient shall 10 neither have nor retain any rights whatsoever with respect to such 11 funds by virtue of this Grant Agreement. 12 13 Section 3.02 Incurring Costs for UDAG Funded Activities (a) This grant and the use of grant funds are condit- 14 ioned upon the Recipient incurring costs which are to be reimbursed 15 under this grant only in accordance with the authority specified 161 17 in this Grant Agreement, or otherwise approved by the Secretary in writing. The incurring of costs to be reimbursed out of funds 18 of this grant shall be governed by the following: 19 (1) Eligible administrative costs, including, but 20 not limited to, costs of Environmental Studies, may be incurred 21 before or after the date of this Grant Agreement. 22 (2) Except for eligible administrative costs, 23 including costs of Environmental Studies, and except as specified 24 I at paragraph (3) of this subsection (a), below, no costs to be 25 reimbursed out of funds of this grant may be incurred by the 1 261 Recipient or by any Participating Party, until all of the 2711 Environmental Conditions of this Grant Agreement have been fully 28!1 satisfied, including the issuance by the Secretary of all required j 291 environmental releases, in accordance with Section 8.02 of this 30 Grant Agreement. , 311 I, 321! Environmental I' II 'I II q , (3) If the Recipient has not satisfied all of the Conditions, or the Secretary has not issued the 8. . .,', . 'I . . I 1 required releases, as aforesaid, then, after the effective date of 2 this Grant Agreement and until all of the Environmental Conditions 3 have been satisfied and said releases issued, the only costs to be 4 reimbursed out of grant funds which may be incurred by the 5 Recipient or by Participating Parties (other than for administrat- 6 ion and for [nvironmental Studies) shall be as follows: 7 (i) Eligible Costs for the development of 8 plans or designs, or for the performance of other work necessary 9 to support an application for any Federal, State or local permits, 10 or assistance, or to support an application for debt financing. I 11 (ii) Eligible Costs not affecting the 12 environment which, by their nature, in the ordinary course of 13 events, involve critical time limitations or requirements (e.g., 14 long leadtime equipment or material purchase orders; expiring 15 purchase options; solicitations for bids). 161 (Hi) Eligible Costs not aftecting the 1711 environment which the Secretary, in writing, specifically author- I lsi izes to be incurred. 191 (4) After the Recipient has satisfied all of the 20 Environmental Conditions and the Secretary has issued the required 211 I 22 !I 231 Participating Parties may incur Eligible Costs which are to be 24 'I reimbursed out of funds of this grant. 2511 26:1 Section 3.02, above, to incur costs, is not an authorization to 2711 reimburse those costs and does not mean or imply that such costs 2sl1 will, in fact, be reimbursed out of grant funds. It means the II 2911 Recipient and Participating Parties may, voluntarily, and at their I' 30'1 own risk, and upon their own credit and expense, incur costs as 311. authorized at said subsection (a), above, but their authority to I environmental releases, as aforesaid, then, at any time after effective date of this Grant Agreement, the Recipient and the the (b) The authorization in subsection (a) of this 32 reimburse or to be reimbursed out of grant funds shall be governed 9. . . I>'. . 1 by the provisions of this Grant Agreement applicable to the 2 reimbursement of costs and the release of funds by the Secretary. 3 (c) Neither the Recipient nor any Participating Party 4 shall incur any costs or take any action in connection with any 5 UDAG Funded Activity, even though such costs or action will not be 6 reimbursed or funded out of grant funds, unless such costs could be 7 incurred or such action could otherwise be taken pursuant to 8 subsection (a) of this Section 3.02, above, if such costs or actions 9 were to be reimbursed or funded out of grant funds. 10 Section 3.03 Incurring Costs for Non-UDAG Funded 11 Activities 12 The Recipient shall not incur any costs, or take any 13 action, in connection with any Non-UDAG Funded Activity, other than 14 any cost which could be incurred or action which could be taken 15 pursuant to subsection (a) of Section 3.02, in the case of a UDAG 161 I 17 18 19! 20 21 I 2211 2311 !I 24,1 II 25 II 2611 'I I 271 i 281 29 il 30 II 31 il 32 \, I' I! II II II " ! Funded Activity, until all of the Environmental Conditions of this Grant Agreement have been satisfied, including the issuance by the Secretary of all required environmental releases in accordance with Section 8.02 of this Grant Agreement. Section 3.04 Authorization by the Secretary for the Recipient to Draw Funds (a) If Exhibits E or F to thi s Grant Agreement do not require or authorize the phasing or staging of the Recipient's draw of funds, then upon a finding by the Secretary that the Recipient has submitted, in a timely manner and in acceptable form and content, all of the evidentiary materials required by this Grant Agreement to be submitted to and accepted by the Secretary; and upon acceptance and approval by the Secretary of said evident- iary materials; and if no event of detault has occurred, as define at subsection (a) of Section 7.01 of this Grant Agreement, the Secretary shall promptly issue to tbe Recipient a written author- ization to draw grant funds under the Letter of Credit, for all 10. . ' . , . . 1 of the UDAG Funded Activities specified at Exhibit B to this Grant 2 Agreement. 3 (b) If Exhibits E or F to thi s Grant Agreement do requi re 4 or authorize the phasing or staging of the Recipient's draw of 5 funds, then upon a finding by the Secretary that the Recipient has 6 submitted, in a timely manner and in acceptable form and content, 7 all of the evidentiary materials specified and required at said 8 Exhibit E to be submitted to and accepted by the Secretary respect- 9 ing any particular phase or stage of the draw of funds; and upon 10 acceptance and approval by the Secretary of said evidentiary 11 materials; and if no event of default has occurred, as defined at 12 subsection (a) of Section 7.01 of this Grant Agreement, the 13 Secretary shall promptly issue to the Recipient a written author- 14 ization to draw funds under the Letter of Credit in accordance 15 with any requirements or authorizations described at said Exhibit E 161 171 I 181 19! 201 respecting the particular phase or stage of the draw of funds. Section 3.05 Reimbursement of Costs (a) No costs shall be reimbursed by the Recipient out of grant funds prior to the issuance by the Secretary of a written authorization to draw funds under the Letter of Credit, pursuant 21 to Section 3.04 of this Grant Agreement. , 22: 23! 241 I 25 ! 26 (b) All evidentiary materials required by this Grant Agreement to be submitted to and approved or accepted by the Secretary, as conditions precedent to the Recipient's authority to reimburse costs, shall be so submitted by the Recipient and approved or accepted by the Secretary before the Secretary will 27 issue any authorization to the Recipient to draw funds under the 2811 Letter of Credit. II 29 Ii (c) All certifications and other materials required by I' 30 II this Grant Agreement to be submitted to the Secretary as conditions 31 II precedent to the Recipient's authority to reimburse costs shall be " !I 3211 so submitted by the Recipient prior to any draw of funds under I: " " Ii 11 I . I, II " Ii " . . , , . 1 the Letter of Credit. 2 (d) Notwithstanding any of the foregoing subsections :3 (a), (b) and (c) of this Section 3.05, and notwithstanding the 4 issuance by the Secretary of any unconditional authorization to 5 the Recipient to draw funds under the Letter of Credit, the 6 Recipient is prohibited from reimbursing any costs and from drawing 7 any funds under the Letter of Credit, unless and until the Recipient 8 has satisfied all of the Environmental Conditions of this Grant 9 Agreement and the Secretary has issued all of the required environ- 10 mental releases, in accordance with Section 4.02 of this Grant 11 Agreement. 12 13 14 Section 3.06 Conditions Precedent to Recipient's Draw of Funds Under Letter of Credit Prior to the Recipient's reimbursement of any costs with 15 grant funds, and prior to the Recipient's drawing of any grant funds 16 under the Letter of Credit, the following conditions shall have 17 been satisfied: 18 19 (a) General: Conditions Applicable in All Cases (1) The Recipient shall have satisfied all of the 20 Environmental Conditions of this Grant Agreement. 21 (2) The Secretary shall have issued all of the 22 required environmental releases, in accordance with Section 4.02 23 of this Grant Agreement. 24 (3) The Recipient shall not have been served by the 25 Secretary with any notice suspending the Recipient's authority to 26 draw funds under the Letter of Credit, pursuant to Section 7.02 of 27 this Grant Agreement, nor be in breach of the Recipient's ob1igat- 28 ion to report an event of default, pursuant to subsection (a) of 29 Section 5.05 of this Grant Agreement. 30 31 (b) Specific: Conditions Applicable When Authorization to Draw Funds is Not Phased or Staged (1) The Recipient shall have submitted to the 32 12. . . 1 Secretary, no later than the date specified at Exhibit F to this 2 Grant Agreement, all of the evidentiary materials required by 3 Exhibit E to this Grant Agreement to be submitted to and approved 4 or accepted by the Secretary. 5 (2) The Secretary shall have approved and accepted 6 said evidentiary materials and shall have issued to the Recipient 7 a written authorization to draw funds under the Letter of Credit. 8 (3) The Recipient shall have submitted to the 9 Secretary all certifications and other materials required by 10 Section 8.01 of this Grant Agreement to be submitted by the 11 Recipient prior to any draw of funds under the Letter of Credit. 12 13 (c) Specific: Conditions Applicable When Authorization to Draw Funds is Phased or Staged 14 (1) As to each phase or stage of a draw of funds 15 which is described at Exhibits E or F to thi s Grant Agreement, the 16 Recipient shall have submitted to the Secretary, no later than the 171 date specified at Exhibit F to this Grant Agreement, all of the 18 evidentiary materials required by Exhibit E to this Grant Agreement 19 to be submitted to and approved or accepted by the Secretary. 20 (2) As to each such phase or stage of a draw of 21 funds, the Secretary shall have approved and accepted said evident- 221 iary materials and shall have issued to the Recipient a written 23 authorization to draw funds under the Letter of Credit to reimburse 241 costs applicable to that phase or stage. 25 (3) The Recipient shall have submitted to the 26 Secretary all certifications and other materials required by 27 Section 8.01 of this Grant Agreement to be submitted by the 28 Recipient prior to any draw of funds under the Letter of Credit. 29 30 I 31 32 13. 21 221 231 . . ,','. ARTICLE IV COMPLIANCE WITH FEDERAL PROTECTIVE RULES 1 2 :3 Section 4.01 Delegation and Acceptance of Responsibilities Under Federal Protective Rules By its execution of this Grant Agreement, the Recipient 4 represents and warrants that it has the legal capacity to assume 5 the responsibilities for compliance with all applicable Federal 6 Protective Rules and agrees and undertakes to assume and carry out 7 all such responsibilities in accordance with all the requirements 8 which are or may be established by the Secretary. 9 10 Section 4.02 Environmental Requirements (a) The Project which is the subject of this grant is 11 subject to the Environmental Requirements contained in 24 C.F.R. 12 Part 58, as the same may from time to time be amended, and to the 13 requirements of 40 C.F.R. Parts 1500, et seq. 14 (b) The Environmental Requirements contained in 15 24 C.F.R. Part 58 set forth the responsibilities to be assumed and 161 carried out by the Recipient with respect to applicable Federal 17 Protective Rules. 18 (c) No grant funds may be committed by the Recipient, 19 except as provided at Section 3.02 of this Grant Agreement, until 20 all applicable Environmental Requirements have been completed by the Recipient; all required environmental certifications and requests for release of funds have been submitted to the Secretary by the Recipient; and the Secretary has issued all required 24 written environmental releases of funds, as provided at 24 C.F.R. 25' Part 58. I 26 II 271 281 291 I 311 321, 30 14. I 'I 'I .. ARTICLE V REPRESENTATIONS, WARRANTIES, AND SPECIFIC OBLIGATIONS 1 2 Section 5.01 Recipient's Representations and Warranties The Recipient has, by and through consultations had 3 between all members of the Recipient's governing body, chief 4 executive officer, chief financial officer, chief clerk, and chief 5 legal officer, and each of them, examined into each of the following 6 and by its execution of this Grant Agreement the Recipient does 7 represent and warrant to the Secretary that: 8 (1) The Recipient is duly organized and validly exist- 9 ing under the laws of the jurisdiction of which the Recipient is 10 a part, and has all requisite power and authority to enter into 11 this Grant Agreement. 12 (2) A resolution, motion or ordinance has been duly 13 adopted, passed or enacted as an official act of the Recipient's 14 governing body, authorizing the execution and delivery of this 15 Grant Agreement by the Recipient and authorizing and directing the 16 person executing this Grant Agreement to do so for and on behalf 17 of the Recipient. 18 (3) This Grant Agreement has been executed and delivered 191 by the Recipient, and by the person executing it for and on behalf 20 of the Recipient, in such manner and form as to comply with all 21 laws of the jurisdiction of which the Recipient is a part, and the 221 Charter and ordinances of the Recipient, which are necessary to be 23, complied with in order to make this Grant Agreement the valid and 24 legally binding act and agreement of the Recipient. 25 (4) Except as set forth in Exhibit A to this Grant Agreement, there is no action, proceeding, or investigation now 261 27 28 29 pending, nor any basis therefor, known or expected by the Recipient, which (i) questions the validity of this Grant Agreement, or any action taken or to be taken under it; or, (ii) is likely to result 301 in any adverse change in the authorities, properties, assets, 31, liabilities, or conditions (financial or otherwise) of the Recipient I 321 which would impair the Recipient's ability to perform any of the II ,I 15 il . II !I . . 1 obligations imposed upon the Recipient by this Grant Agreement. 2 (5) The representations, statements, and other matters 3 contained in the Application were true and complete in all material 4 respects as of the date of filing. Except as set forth in 5 Exhibit A to this Grant Agreement, the Recipient is aware of no 6 event which has occurred since the date of such filing which would 7 require any amendment of the Application (other than an amendment 8 which has been filed with and approved by the Secretary) in order 9 to make such representations, statements, and other matters true 10 and complete in all material respects and not misleading in any 11 material respect. The Recipient is aware of no event or other fact 12 which should have been, and has not been, reported in the 13 Application as material information. 14 (6) The Recipient has obtained or has reasonable assur- 15 ance that there will be obtained all Federal, State and local govern 16 ment approvals and reviews required by law to be obtained by the 17 Recipient for the Project; and all Participating Parties have 18 obtained, or the Recipient has reasonable assurances there will be 19 obtained by such Participating Parties all such approvals and 20 reviews required by law to be obtained by the Participating Parties 211for the Project. 22 (7) Insofar as the capacity of the Recipient to carry 23 out any obligation under this Grant Agreement is concerned, (i) the 24 Recipient is not in material violation of its Charter, or any 251 mortgage, indenture, agreement, instrument, judgment, decree, order, 26' statute, rule or regulation and (ii) the execution and performance 27 of this Grant Agreement will not result in any such violation. 28 (8) None of the principal officials, officers, agents or 29 employees of the Recipient is a Participating Party, or owns or 30 controls any interest in any Participating Party, excepting only 31 as shall have been disclosed in the Application, and, as to any i 321 such I I' disclosure, the Recipient acknowledges and agrees that the 16. ,I . '. Ilfacts set forth at Exhibit A to this Grant Agreement constitute all 2 of the facts concerning such ownership, control or interest which 3 have been disclosed to the Secretary by the Recipient. 4 5 Section 5.02 Obligation to Complete lmAG Funded Activities As Scheduled 6 (a) In consideration of the selection of the Recipient 7 for the award of this grant and of the funds provided pursuant to 8 this Grant Agreement, the Recipient unconditionally guarantees to 91 the Secretary, by its execution of this Grant Agreement, the 10 completion of the UDAG Funded Activities described at Exhibit B to 11 this Grant Agreement within the time periods specified at Exhibit F 12 to this Grant Agreement. 13 (b) The Recipient understands and by its execution of 14 this Grant Agreement agrees that the foregoing guarantee means that 15 Recipient shall, to the maximum extent permitted by law, use and 16 apply all of its governmental and proprietary powers, including but 17 not limited to those powers governing taxes, other revenues, credit, 18 eminent domain and appropriations, if necessary, for the purpose of 191 providing any shortfall between funds available under this grant 20 and otherwise, and funds necessary to complete all of the UDAG 21 Funded Activities described at Exhibit B to this Grant Agreement. Section 5.03 Obligation to Achieve Projected Jobs 221 231 24, Recipient for the award of this grant, the Secretary considered 251 certain representations by Recipient to the Secretary that the use 261! of funds of this grant is expected to create a specific number of 2711 both temporary and permanent new job opportunities, including a 2811 specific number of new permanent job opportunities for persons who, 2911 at the time of their employment, will be persons of low or moderate I 30 I income, within the meaning of Section 570.3 of 24 C.F.R. Part 570, 31 as the same may be from time to time amended. (a) In approving the Application and in selecting the 32 i I I I II !I 'i 17. . . 1 (b) By its execution of this Grant Agreement, the 2 Recipient acknowledges its representations in the Application 3 pertaining to the creation of jobs and obligates itself to use its 4 best efforts to create, or cause to be created, during the existence 5 of this Grant Agreement, the numbers and kinds of jobs represented 6 in the Application as being expected to be created through the use 7 of funds of this grant. 8 (c) By its execution of this Grant Agreement, the 9 Recipient obligates itself to use all powers available to Recipient 10 to enforce the undertakings or assurances of Participating Parties 11 respecting the creation of jobs which are specified at Exhibit A 12 to this Grant Agreement. 13 14 Section 5.04 Obligation to Cure Title Defects (a) During the term of this Grant Agreement and until 15 completion of all of the UDAG Funded Activities, the Recipient 16 shall promptly cure, or cause to be cured, any defect in the title 171 to any real property necessary to the completion of said activities, 181 where such defect will or may have an adverse effect on the use of 19' such real property for the purposes intended under the Grant 20 Agreement. 211' , 2211, this Grant Agreement agrees that the foregoing obligation means 23 (b) The Recipient understands and by its execution of that the Recipient shall, to the maximum extent permitted by law, 24 use and apply all of its governmental and proprietary powers, 25 including, but not limited to, those powers governing taxes, other 26 revenues, credit, eminent domain and appropriations, if necessary, 271 for the purpose of assuring the availability, free and clear of I 2811 adverse and inhibiting title defects, of all real property which ii 29 i[ is necessary to assure and effect the completion of all of the II 3011 UDAG Funded Activities. 31 ili I, 3211 i: I! II I' il 'I 18. . . 1 2 Section 5.05 Notification and Action Upon Events of Default 3, (a) The Recipient shall promptly give written notice 41 to the Secretary upon the discovery by the Recipient of any event I 5 of default involving any Participating Party, as described at 6 Section 7.01 of this Grant Agreement. 7 (b) Promptly upon the discovery of any such event of 8 default, the Recipient shall vigorously pursue all remedies which 9 are available to the Recipient under any agreement with any 10 Participating Party, or otherwise, to remove or cure such event of 11 default, or to seek redress or relief from its effects and to preven 121 or mitigate any adverse effects on the Project. 131 14 15 I 16' I 17 18 19, 20' 21 22' 231 241 2511 , 26! I 271 281 2911 ,I 301 31 I, I, Ii 3211 II ,I II if !I 19. . . II 111 2 :3 ARTICLE VI INSPECTION AND REVIEW Section 6.01 Duty to Maintain, and Rights to Inspect and Copy, Books, Records and Documents (a) Except as otherwise provided in this Section 6.01, 4 the Recipient shall keep and maintain such books, records and other 5 documents as shall be required under rules and regulations now or 6 hereafter applicable to grants made under the UDAG Program, 7 including but not limited to 24 C.F.R. 570.907, and as IThaY be 8 reasonably necessary to reflect and disclose fully the amount and 9 disposition of the funds provided under this Grant Agreement, the 10, total cost of the UDAG Funded Activities, and the amount and nature 1110f all investments related to the UDAG Funded Activities which are 12 supplied or to be supplied by other sources. 13 (b) All such books, records and other documents shall 14 be available at the offices of the Recipient (except that books, 15 records, and other documents of a Participating Party subject to 161 this Section 6.01 may be maintained at the offices of such 171 Participating Party) for inspection, copying, audit and examination 18 at all reasonable times by any duly authorized representative of 19 the Secretary or the Comptroller General of the United States. 20 Section 6.02 Site Visits 2111 22!lat all reasonable times, have access to all portions of the Project. 231 I 2411 I 25 ! Article VI shall continue until the completion of all close-out 1 , 26!lprocedures respecting this grant, and until the final settlement and 27iconclusion of all issues arising out of this grant or under this I 28!Grant Agreement. 2911 30 II 3l!!reports required to be filed in accordance with any directive of the II 32 [\secretary or any statute, rule or regulation of HUD. I! .1 " il II 'I Any duly authorized representative of the Secretary shall, Section 6.03 Duration of Inspection Rights The rights of access and inspection described in this Section 6.04 Reports The Recipient shall promptly furnish to the Secretary all 20. .. ARTICLE VII DEFAULTS AND REMEDIES 1 2 Section 7.01 Defaults (a) An event of default shall consist of any use of 3 grant funds for any purpose other than as authorized at Section 2.02 4 of this Grant Agreement, without the Secretary's prior written 5 approval, or any other material failure in the performance by, or 6 breach of any covenant, agreement, provision, or warranty of 7 (i) the Recipient, made in this Grant Agreement; or, (ii) the 8 Recipient, made pursuant to any agreement entered into between the 9 Recipient and any Participating Party relating to the Project; or, 10. (iii) any Participating Party, made pursuant to any agreement 11 between such Participating Party and the Recipient relating to the 12 Project; or, (iv) any Participating Party, made pursuant to any 13 agreement between Participating Parties relating to the Project. 14 (b) Continuance of an event of default described in 15 subsection (a) of this Section 7.01 for a period of thirty (30) 16 consecutive days after delivery to the Recipient of a written 17 notice issued by the Secretary specifying such default or breach 18 and requiring it to be remedied shall constitute a Default under 19 this Grant Agreement. 20 Section 7.02 Remedies Upon Event of Default and Default 21 (a) Upon the occurrence of any event of default as 1 22 described in subsection (a) of Section 7.01, above, the Secretary 23 may suspend the Recipient's authority to draw any funds under the 24 Letter of Credit at any time by notice to the Recipient. If such 25 event of default is not cured within the time and in the manner 26, I I 271 281 described in subsection (b) of said Section 7.01, the Secretary shall have the right to continue such suspension or, at any time thereafter while such Default shall be continuing, to notify the Recipient that the Secretary, by delivery of such notice, is 29 30 terminating this Grant Agreement. In the event of a termination, 31 the Recipient's authority to draw any funds under the Letter of 32 Credit shall be deemed to have terminated at the time of the notice 21. .' . 1 suspending such authority, and thereafter the Recipient shall have 2 no right, title or interest in or to any funds remaining under the 3 Letter of Credit. 4 (b) If an event of default consists of the Recipient's 5 failure to satisfy the conditions of paragraph (1) of subsection (b) 6 or paragraph (1) of subsection (c) of Section 3.06 by the date 7 specified in Exhibit F to this Grant Agreement, the Secretary shall 8 have the right, in the Secretary's sole and absolute discretion and 9 notwithstanding any other provision of this Article VII to terminate 10 this Grant Agreement and the award of UDAG Program funds to which 11 this Grant Agreement relates by delivery of written notice thereof 12 to the Recipient. In the event of such termination, all obligations 13 of the Secretary pursuant to this Grant Agreement and such award 14 shall cease and the Recipient shall neither have nor retain any 15 rights whatsoever with respect to the UDAG Program funds provided 16 under this Grant Agreement or such award. 17 (c) In case a Default shall have occurred and be con- 18 tinuing, the Secretary may at any time or from time to time proceed 19 to protect and enforce all rights available to the Secretary under 20 this Grant Agreement by suit in equity, action at law, or by any 21 other appropriate proceedings, whether for specific performance of 221 any covenant or agreement contained in this Grant Agreement, or 23 damages, or other relief, or proceed to take any action authorized 24 or permitted under applicable law or regulations. 25 (d) The rights and remedies available to the Secretary 26 under this Article VII in the event of a suspension or termination 27 of this Grant Agreement, and any related rights and remedies set 28 forth in this Grant Agreement, shall survive such suspension or 29 termination. 30 31 32 22. I I II . .. ARTICLE VIII CERTIFICATIONS BY RECIPIENT 1 Section 8.01 Certifications Upon Draw of Funds Prior to each and every draw of grant funds under the 2 3 Letter of Credit, the Recipient shall submit to the Secretary a 4 written certification, executed by the chief executive officer of 5 the Recipient, certifying to the Secretary that: 6 (1) All of the representations and warranties of the 7 Recipient as set forth in Section 5.01 of this Grant Agreement 8 continue to be valid, true, and in full force and effect. 9 (2) The Recipient has carried out all of the Recipient's 10 obligations specified at Sections 5.02, 5.03, 5.04 and 5.05 of this 11 Grant Agreement which, by their terms or intent, will be applicable 12 at the time of the draw of grant funds. 13 (3) Upon the submittal of the within certification to 14 the Secretary, all conditions precedent to the Recipient's authority 15 to draw the grant funds shall have been satisfied, in accordance 16 with Section 3.06 of this Grant Agreement. 17 (4) The grant funds to be drawn will reimburse Eligible 18 Costs actually incurred by the Recipient, in accordance with the 19, provisions of Exhibits 5 and D to this Grant Agreement. 20 (5) All revenues which have been received by the 211 Recipient and by any Participating Party, which have been derived ! 22 I in whole or in part by the use of grant funds, have been deposited 23 il or used in accordance with the provisions of Section 2.04 of this 241 Grant Agreement. 25 Section 8.02 Environmental Certifications 26 The Recipient shall submit to the Secretary and the 27 Secretary shall have approved and accepted all certifications 28 relating to compliance with Federal Protective Rules which are 29 required to be so submitted and approved and accepted by the pro- 30 I visions of 24 C.F.R. Part 58, as the same may from time to time be 3111 amended, or by any other regulation of the Secretary. 321 (b) The approval of such environmental certifications 23. I I I .. . 1 by the Secretary does not, thereby, authorize the Recipient to 2 draw funds under the Letter of Credit. The authorization to draw 3 grant funds is subject to the compliance by the Recipient with all 4 other conditions of this Grant Agreement which affect the use of 5 grant funds and to the issuance of the written authorization of the 6 Secretary pursuant to Section 3.04 of this Grant Agreement. 7 8 9 10 n 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 311 32 24. . . ARTICLE IX THIRD PARTY CONTRACT REQUIREMENTS 1 2 Section 9.01 Escrow of Revenues The Recipient shall cause to be included in all contracts 3 with Participating Parties engaged in UDAG Funded Activities, a 4 provision that upon instruction by the Secretary, all revenues 5 received by the Participating Party which are derived in whole or 6 in part by the use of grant funds, prior to the completion of all 7 UDAG Funded Activities, shall be deposited into an escrow under 8 arrangements approved by the Secretary, in order to provide funds 9 to assure the completion of the UDAG Funded Activities. 10 Section 9.02 Revenues Applied to Costs 11 Unless Exhibit A to this Grant Agreement authorizes or 12 requires to the contrary, the Recipient shall cause to be included 13 in all contracts with Participating Parties engaged in UDAG Funded 14 Activities, a provision that all revenues received by the Partici- 15 pating Party prior to the completion of all UDAG Funded Activities, 16 which are derived in whole or in part by the use of grant funds, 171 shall be transmitted to the Recipient for use in reimbursing costs 18 incurred for UDAG Funded Activities. 19 Section 9.03 Revenues for Title I Activities 20 Unless Exhibit A to this Grant Agreement authorizes or 21 requires to the contrary, the Recipient shall cause to be included 22 in all contracts with Participating Parties engaged in UDAG Funded 23 Activities, a provision that all revenues received by the Partici- 24 pating Party after the completion of all UDAG Funded Activities, 25 which are derived in whole or in part by the use of grant funds, 26 shall, at the option of the Recipient, either be transmitted to 27 the Recipient, or used by the Participating Party, subject to the 28 approval of the Recipient, for community and economic development 29 activities which would be eligible for assistance under Title I 30 of the Act. 31 Section 9.04 Assurance of Governmental Approvals 321 I The Recipient shall cause to be included in all contracts 25. . . 1 with Participating Parties and in all contracts between participat- 2 ing Parties to the Project, a provision in the nature of a repre- 3 sentation and warranty that each Participating Party has obtained, 4 or has reasonable assurance that there will be obtained, all Federal 5 State and local governmental approvals and reviews required by law 6 to be obtained by the Participating Party for the Project. 7 8 Section 9.05 Completion of Project The Recipient shall cause to be included in all contracts 9 with Participating Parties and in all contracts between Participat- 10 ing Parties to the Project, a representation on the part of each 11 Participating Party that the Participating Party acknowledges that 12 the Secretary, in selecting the Recipient for the award of this 13 grant, relied in material part upon the assured completion of the 14 activities to be undertaken by the Participating Party in connection 15 with the Project; and that the Participating Party assures the 16 Recipient and the Secretary that such activities will be completed 17 by the Participating Party. 18 19 Section 9.06 Assurances of Projected Jobs The Recipient shall cause to be included in all contracts 20 with Participating Parties, or shall secure in the most legally 21 binding and enforceable form for such assurance available under the 22' laws of Recipient's State, written assurances from each Participat- 23 ing Party, that such Participating Party will use its best efforts 24 to create or cause to be created, within a specified time not 25 exceeding forty-eight (48) months after the date of the assurance, 26: a specified number of new job opportunities, including a specified 27 number of permanent new job opportunities for persons who, at the 28 time of their employment, will be persons of low and moderate 29 income. Each assurance shall state that in order to assist and 30 31 321 enable the Recipient to report to the Secretary, as the Secretary may require, the assuring Participating Party consents to report to the Recipient, as the Recipient may from time to time require, I II 26. . . 1 on the numbers and kinds of such jobs created or caused to be 2 created and filled. The assurances shall contain such other pro- :3 visions as may be required by the Recipient to enable the Recipient 4 to comply with any reporting requirements of the Secretary and to 5 cause the assurances to be legally binding and enforceable to the 6 maximum extent available under the applicable law. 7 Section 9.07 Maintaining Records and Rights to Inspect The Recipient shall include in all contracts with 8 9 Participating Parties receiving, directly or indirectly, funds 10 provided under this Grant Agreement, provisions requiring to the 11 effect that (i) each such Participating Party shall keep and 12 maintain books, records and other documants relating directly to 13 the receipt and disbursement of such grant funds; and (ii) any duly 14 authorized representative of the Secretary or Comptroller General 15 of the United States shall, at all reasonable times, have access to 161 17 and the right to inspect, copy, audit, and examine all such books, records and other documants of such Participating Party until the 18 completion of all close-out procedures respecting this grant, and 19 until the final settlement and conclusion of all issues arising 20 out of this grant or under this Grant Agreement. 21 Section 9.08 Access to Project '22 The Recipient shall include in all contracts with 23 Participating Parties a provision to the effect that each Partici- 24 pating Party agrees that any duly authorized representative of the 25 Secretary shall, at all reasonable times, have access to any 26' portion of the project in which such Participating Party is in- 27 volved. The period of such right to access shall be the same as 28 that set forth in Section 9.07 of this Grant Agreement. 29 Section 9.09 No Assignment or Succession 30 The Recipient shall include in all contracts with 31 Participating Parties receiving, directly or indirectly, funds 32 provided under this Grant Agreement, an acknowledgement and 27. " . . 1 agreement by the Participating Party that no transfer of grant 2 funds by the Recipient to the Participating Party shall be or be 3 deemed an assignment of grant funds, and such Participating Party 4 shall neither succeed to any rights, benefits or advantages of the 5 Recipient under this Grant Agreement, nor attain any rights, 6 privileges, authorities or interests in or under this Grant 7 Agreement. 8 9 Section 9.10 Secretary Approval of Amendments The Recipient shall include in all contracts with 10 Participating Parties and shall cause to be included in all 11 contracts between Participating Parties, which are required to be 25 or 26 any 27 28 29 30 31 321 II I 12 submitted to and approved or accepted by the Secretary, a provision 13 that such contract shall not be amended in any material respect, 14 after such approval and acceptance, without the prior written 15 approval of the Secretary. I 16 Section 9.11 Disclaimer of Relationships 17 The Recipient shall include in all contracts with 18 Participating Parties, and in all contracts with any party involving 191 the use of grant funds or connected with the Project, an acknowledg 20 ment by all parties to such contracts that nothing contained in 21 this Grant Agreement, or in the contract between the parties, nor 22 I any act of the Secretary, or of the Recipient, or of any of the 23 parties, shall be deemed or construed by any of the parties, or 24 by third persons, to create any relationship of principal and agent, of limited or general partnership, or of joint venture, or of association involving the Secretary. 28. ., . . ARTICLE X EVIDENTIARY MATERIALS 1 2 Section 10.01 Opinions of Recipient's Attorney (a) Whenever, at Exhibit E of this Grant Agreement, or 3 otherwise, the opinion of an attorney is required as part of any 4 evidentiary material to be submitted to the Secretary, the opinion 5 shall be in writing and shall be that of the attorney for the 6 Recipient, unless otherwise specified. 7 (b) In the formulation or rendering of any statement 8 or opinion, Recipient's counsel may rely upon the certification of 9 other persons, or the written statements or opinions of other 10 counsel; provided, that in any such case, Recipient's counsel shall 11 attach a copy of each such certification, statement, or opinion, 12 to the opinion submitted by Recipient's counsel. 13 14 15 16 17 (c) If, in the formulation and rendering of any state- ment or opinion, the Recipient's counsel predicates the statement or opinion upon "information and belief", then in all such cases the statement and opinion submitted by Recipient's counsel shall contain, or have attached thereto, a statement or description of 181 191 all of the information upon which the belief of counsel is predicated. 20 21 22 Section 10.02 Commitments of Participating Parties - In General (a) In selecting the Recipient for the award of this 23 grant, the Secretary has relied, in material part, upon the repre- 24 sentations of the Recipient that Participating Parties (i) will 25 carry out certain activities connected with the Project; and (ii) 2611 will complete those activities; and (iii) have, or will have, the 27 financial capability to assure the carrying out of the activities 28 to their completion; and (iv) will invest, or cause to be invested, 29 a specific value amount in the Project. The Secretary has also 30 relied upon the Recipient's representations that such Participating 31 Parties will, prior to any use of grant funds for the Project, 32 enter into legally binding undertakings evidencing the commitments 29. . . . . 1 which were so relied upon by the Secretary. 2 (b) All evidentiary materials to be submitted to, and 3 approved and accepted by, the Secretary, in support of the commit- 4 ments of Participating Parties, should include, in accordance with 5 the foregoing; (i) the legally binding and enforceable promise of 6 the Participating Party, in unequivocal terms, to undertake and 7 carry out and complete specified activities connected with the 8 Project, and to invest or inject into the Project a specified 9 minimum amount of funds or other form of investment; and (ii) clear 10 and convincing proof that the Participating Party has on hand, or 11 will have available to said party, any finances or other things of 12 value necessary to carry out the promise by completing the activit- 13 ies and making the specified investment in connection with the 14 Project. 15 (c) Evidentiary materials in support of the commitments 16 of Recipient or of Participating Parties, which have been submitted 17 to and approved by the Secretary, shall not thereafter be amended 18 in any material respect, without the prior written approval of 19 the Secretary. 20 Section 10,03 Form of Documentary Evidence - General 21 All documentary evidence of commitments submitted to the 22 Secretary for approval or acceptance shall be in the form of (i) 23 either a duplicate original, or (ii) a photographic copy of the 24 fully executed original, of the documents. 25 Section 10.04 Evidence of Contracts - Form 26 (a) Evidence of contractual commitments submitted to 27 the Secretary shall be in the form specified at Section 10.03; 28 shall include all of the documents evidencing the contractual 29 commitment; and shall have attached the written statement and 30 opinion of an attorney, made in accordance with Section 10.01, 31 (b) The attorney's statement shall certify that the 32 documents comply with Section 10.03; that the attorney has exam- 30. . ~- 1 ined into the authority of all parties to the documents, and of all 2 persons executing the documents on behalf of the parties; and that 3 said parties and persons were authorized to enter into and execute 4 the documents. 5 (c) The attorney's opinion shall be that the documents 6 constitute a valid and legally enforceable contract under the laws 7 of the Recipient's state and that the documents conform to the 8 provisions of this Grant Agreement, excepting as to any particulars 9 specified in the opinion. 10 Section 10.05 Evidence of Loan Commitment - Form 11 (a) Evidence of loan commitments from private lending 12 institutions shall be in the form specified at Section 10.03; shall 13 include all of the documents evidencing the loan commitment, an 14 acceptance by the borrower, the purposes of the loan, the author- 15 ized use of loan funds, and all other terms and conditions of the 16 loan commitment, the acceptance, and the loan; and shall have 17 attached the written statement and opinion of an attorney, made in 18 accordance with Section 10.01. 19 (b) A loan commitment may specify contingencies or 20 conditions which must be satisfied before the closing of the loan, 21 or the disbursement of loan funds, but the commitment shall be an 22 irrevocable commitment, enforceable by the borrower upon satisfact- 23 ion of all contingencies or conditions. 24 (c) The attorney's statement shall certify that the 25 documents comply with Section 10.03; that the attorney has exam- 261 ined into the authority of all parties to the loan commitment and 271 the acceptance, and of all persons executing the loan commitment 28 and acceptance on behalf of the parties; and that said parties and persons were authorized to make the loan commitment and acceptance. 29 30 31 (d) The opinion of the attorney shall be that, subject only to such contingencies and conditions as are expressed in the documents, the lending institution is irrevocably committed to loan, 32 I I I II 31. . . 1 and the borrower to accept upon the terms and conditions specified, 2 the principal amount specified in the loan commitment; and that 3 the loan commitment, and the acceptance, and all of the terms and 4 conditions of the loan commitment, and the loan, are lawful and 5 enforceable under the laws of the Recipient's state; and that the 6 documents conform to the provisions of this Grant Agreement, except- 7 ing in any particulars specified in the opinion. 8 (e) If, under the terms of the loan commitment, the 9 making of the loan is contingent upon the happening of any cond- 10 ition precedent, then the acceptance and approval of the commitment, 11 as the evidence required under this Grant Agreement, may be cond- 12 itioned by the Secretary upon the submittal and acceptance of 13 further evidence that such contingencies have been satisfied, or 14 that the contingencies have been otherwise removed, or that the 15 loan has closed. 16 (f) In all cases wherein evidence of a loan commitment 17 is required to be submitted to the Secretary under this Grant 18 Agreement, evidence of the actual closing of the loan shall be 19 I acceptable, in lieu of the foregoing, provided such evidence 20 complies with Section 10.06. 21 Section 10.06 Evidence of Loans - Form 22 (a) Evidence of a loan having been made or closed shall 23 be in the form specified at Section 10.03; shall be on the letter- 24 head of the lending institution; shall state the principal amount 25 of the loan, its purposes (interim or permanent), and the author- 26 ized uses of loan funds; shall describe or identify the security 27 for the loan; shall state the term of the loan; shall identify 28 all parties to the loan; shall be executed by an authorized officer 29 of the lending institution; and shall either be duly notarized, or 30 shall have attached the written statement of an attorney, made in 31 accordance with Section 10.01, certifying that the documents comply 32 with Section 10.03, and that the officer of the lending institution 32. . . 1 was authorized to execute the documents. 2 (b) Evidence of a loan having been made or closed may 3 also be submitted in the form of copies of recorded notes, deeds, 4 bonds, indentures and other documents which comply with Section 5 10.03 and which contain sufficient evidence, including evidence of 6 recordation, to enable the Secretary to determine, to the satisfact- 7 ion of the Secretary, the matters specified above at subsection (a) 8 of this Section 10.06 and that the loan has been made or closed. 9 10 Section 10.07 Evidence of Investor's Equity - Form Whenever, at Exhibit E of this Grant Agreement, or 11 otherwise, a Participating Party is required to provide evidence 12 of equity or equity investment funds in an amount and manner 13 satisfactory and acceptable to a lending institution, such evidence 14 shall be in the form specified at Section 10.03; shall be on the 15 letterhead of the lending institution; shall identify the Partici- 16 pating Party; and shall state that the Participating Party has, on 17 hand, or immediately available to the Participating Party, equity, 18 or equity investment funds, of a value and in an amount satisfactory 19 and acceptable to the lending institution, and that the availability 20 and use of the equity or funds for the activities to be carried out 21 by the Participating Party in connection with the Project, is 22 assured to the satisfaction of the lending institution. The 23 document shall be executed by an authorized officer of the lending 24 institution; and shall either be notarized, or shall have attached 25 the written statement of an attorney, made in accordance with 26 Section 10.01, that the documents comply with Section 10.03 and 27 that the officer of the lending institution was authorized to 28 I execute 291 the same. Section 10.08 Evidence of Finances Satisfactory 30 to Counsel - Form 31 (a) Whenever, at Exhibit E of this Grant Agreement, or II 3211 otherwise, evidence is required in the form of a statement and 33. . . 1 opinion of an attorney that a Participating Party will provide a 2 specific amount of finances for purposes of carrying out the com- 3 mitment of that Participating Party in connection with the Project, 4 such evidence shall be in the form of a written statement and 5 opinion of an attorney made in accordance with Section 10.01. 6 (b) The attorney's statement shall certify that the 7 attorney has examined into the availability to the Participating 8 Party of equity investment funds and/or of debt financing; shall 9 state the amount and the source of equity funds on hand or immed- 10 iately available to the Participating Party for use in the Project; 11 and shall state the amount and the source of debt financing which 12 is available, or irrevocably committed to the Participating Party 13 for use in the Project. The attorney shall be guided by the pro- 14 visions of Sections 10.05, 10.06 and 10.07 in making these deter- 15 minations. 16 (c) The attorney's opinion shall be that the Partici- 17 pating Party has on hand, or immediately available, or irrevocably 18 committed to the Participating Party, for use in carrying out the 19 commitments of that Participating Party to the Project, equity 20 investment funds and/or debt financing in a sum equal to the 21 specified amount of finances required in this Grant Agreement to be 22' invested by that Participating Party. 23 24 25 261 Section 10.09 Anti-Speculation provisions - Sale of Real Property (a) Whenever, at Exhibit E of this Grant Agreement, or 27 28 29 otherwise, a document is required to contain a provision for the prevention or discouragement of speculation in the purchase and sale of property by a purchaser who receives the benefits of the use of grant funds, then, unless otherwise specified, such pro- 30 31 vision shall comply with this Section 10.09. (b) The document shall provide that the purchaser shall 32 not sell the property within a period of three (3) years after the 34. r , '. . . 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 date of the purchase, for an amount in excess of the purchase price paid, plus the actual costs of any improvements to the property by the purchaser. This provision in the document shall specify that in the event of any attempted sale, in violation of the provision, the Recipient shall be entitled to the ex parte issuance of an injunction restraining such sale. The provision in the document shall provide that the prohibition against sale shall have the same force and effect as a lis pendens. The document shall be in form and substance as to have that effect undeI the laws of the Recipi- ent's state; shall be executed and authenticated in such manner and form as may be required to authorize its recordation at the place of recordation of deeds, as if a lis pendens; and the document shall be so recorded. (c) The provision in the document may, in conjunction with the foregoing, or in lieu thereof, describe a procedure whereunder, in the event of any sale of the property within the three (3) year period, the amount of grant funds which benefited the purchaser shall be repaid by the purchaser to the Recipient. Such procedure may include a pro-rata reduction of the amount to be repaid, based upon the time elapsing between the date of the initial purchase of the property and its sale by the initial purchaser. The provision should either specify the amount of grant funds which benefited the purchaser, or set forth a formula or agreed method for determining such amount. In any event, the provision shall be contained in a document which is executed and authenticated in such manner and form as may be required to author- ize its recordation, as if a lis pendens; and the document shall 251 261 27 28 29 be so recorded. Section 10.10 Evidence of Title to Real Property - Form (a) Whenever, at Exhibit E of this Grant Agreement, or otherwise, a Participating Party or the Recipient is required to acquire title to real property, and proof of such commitment is 30 31 32 35. . . 1 required, evidence,of such commitment may be in the form of a 2 written statement and opinion of an attorney, made in accordance 3 with Section 10.01. 4 (b) The attorney's statement shall certify that on a 5 specified date, either an original ALTA policy of land or mortgage 6 title insurance, or other records identified in the statement, 7 were examined by the attorney; that said policy or other records 8 identified the Participating Party, or a wholly-owned subsidiary 9 of the Participating Party, or the Recipient (whichever be the case) 10 as the owner of record, in fee simple, of said property. 11 (c) The attorney's opinion shall be that on the date 12 specified by the attorney, the record title to said real property 13 was vested, in fee simple, in the Participating Party, or such 14 subsidiary thereof, or in the Recipient, as the case may be. 15 (d) Proof of title to real property may also be sub- 16 mitted in the form of documents which comply with Section 10.03 17 and which contain sufficient evidence, including evidence of 18 recordation, to enable the Secretary to determine, to the satis- 19 faction of the Secretary, that the Participating Party or the 20 Recipient did acquire the title, as required. 21 22 23 24 25 26 27 28 29 30 31 32 36. . . . . ARTICLE XI MISCELLANEOUS 1 Section 11.01 Notices 2 (a) All amendments, notices, requests, objections, 3 waivers, rejections, agreements, approvals, disclosures and 4 consents of any kind made pursuant to this Grant Agreement shall 5 be in writing. 6 (b) Any such communication shall be deemed effective 7 for all purposes as of the date such communication is mailed, 8 postage prepaid, by registered or certified mail, return receipt 9 requested, to be delivered only to the office of the addressee, 10 addressed as follows: 11 (1) Communications to the Secretary, shall be 12 mailed simultaneously to: The Director, Office of Urban Develop- 13 ment Action Grants, U.S. Department of Housing and Urban Develop- 14 ment, P.O. Box 23756, L'Enfant Plaza Station, Washington, D.C. 15 20024; and to: The Area Office Manager, of the HUD Area Office 16 authorized to receive the Application of the Recipient for the 17 grant hereunder; and/or such other persons or at such other 18 addresses as may be furnished by the Secretary to the Recipient. 19 (2) Communications to the Recipient, shall be 20 addressed to the Recipient, at the address set forth in Exhibit A 21 to this Grant Agreement, or such other address as may be furnished 22 by the Recipient to the Secretary. 23 Section 11.02 Assignment 24 No right, benefit, or advantage inuring to the Recipient 25 under this Grant Agreement and no burden imposed on the Recipient 26 hereunder may be assigned without the prior written approval of 27 the Secretary. An authorization by the Secretary for the transfer 28 of grant funds by Recipient to a Participating Party shall not be 29 deemed an authorization for an assignment, and such Participating 30 Party shall not succeed to any rights, benefits or advantages of 31 the Recipient hereunder. 32 37. . . .' 1 2 Section 11.03 Successors Bound This Grant Agreement shall bind, and the rights, :i b,n,fit" and advantag" ,hall inur, to, th, g,eipi,nt', successors. 5 Section 11.04 Remedies Not Impaired 6 No delay or omission of the Secretary in exercising any 7 right or remedy available under this Grant Agreement shall impair 8 any such right or remedy or constitute a waiver of any event of 9 default, or Default, or an acquiescence therein. 10 Section 11.05 Indemnification 11 I To the fullest extent permitted by law, the Recipient, 12 at its sole cost and expense, will indemnify, defend, satisfy all 13 judgments, and hold harmless the Secretary and any officers, agents, 14 and enployees of HUD, in their capacities as such, from and against 15 16 17 181 191 I 201 I 211 2211 231 I 241 all claims, actions, judgments, costs, liabilities, damages, losses, and expenses arising out of or relating to the Project. Section 11.06 Cumulative Remedies Except as otherwise specifically set forth herein, all rights and remedies of the Secretary under this Grant Agreement shall be cumulative. Section 11.07 Severability The invalidity of any Article, Section, subsection, clause or provision of this Grant Agreement shall not affect the validity of the remaining Articles, Sections, subsections, clauses 25 lor provisions hereof. 26 Section 11.08 Entire Agreement 27 This Grant Agreement constitutes the entire agreement 28 between the Secretary and the Recipient and supersedes all prior 29 oral and written agreements between the parties hereto with respect 30 to the subject matter hereof. Notwithstanding the provisions of 311 Section 1.01 of this Grant Agreement, in the event of any incon- I 3211 sistency between t~e provisions of this Grant Agreement, including I' II il 38. I, I: :1 " I .' . . 1 all exhibits hereto, and anything contained in the Application, as 2 defined at paragraph (2) of Section 1.03, then the provisions of 3 this Grant Agreement shall prevail. 4 5 Section 11.09 Execution in Counterparts This Grant Agreement may be executed in any number of 6 counterparts. All such counterparts shall be deemed to be originals 7 and together shall constitute but one and the same instrument. 8 Section 11.10 Table of Contents; Titles and Headings Any table of contents, the title of the Articles, and the headings of the Sections and subsections set forth herein are not a part of this Grant Agreement and shall not be deemed to 9, 10 11 121 , 131 affect the meaning or construction of any of its provisions. Section 11.11 Amendment of this Grant Agreement This Grant Agreement, or any part hereof including its exhibits, may be amended from time to time hereafter only in 14 15 161 I 17i 181 II 19 I writing executed by the Secretary and the Recipient. Section 11.12 Disclaimer of Relationships The Recipient acknowledges that the obligation of the Secretary is limited to providing grant funds in the manner and on 20 the terms set forth in this Grant Agreement. Nothing in this 211 22 231 I 24' 251 261 , 271 281 29 :1 " 30!1 31 32 Grant Agreement, nor any act of either the Secretary or of the Recipient, shall be deemed or construed by either of them, or by third persons, to create any relationship of principal and agent, or of limited or general partnership, or of joint venture, or of any association whatsoever involving the Secretary. Section 11.13 Governing Law This Grant Agreement as it may affect the rights, remedies, duties, and obligations of the Secretary shall be governed by and construeG in accordance with federal law. Insofar as federal law does not apply, the provisions of this Grant Agree- ment shall D2 governed by and construed in accordance with the laws of the Recipient's state. II I' Ii I 39. 9 10 . . 1 Section 11.14 Waiver by Secretary 2 The Secretary reserves and shall have the exclusive 3 right to waive, at the sole discretion of the Secretary, and to 4 the extent permitted by law, any requirement or provision under 5 this Grant Agreement. No act by or on behalf of the Secretary 6 shall be, or be deemed or construed to be, any waiver of any such 7 requirement or provision, unless the same be in writing, signed by 8 the Secretary, and expressly stated to constitute such waiver. Section 11.15 Effective Date (a) This Grant Agreement shall, when executed and 11 dated by the Secretary, constitute an offer by the Secretary to 12 the Recipient to make the within grant and to enter into this 13 Grant Agreement. When delivered to the Recipient, so executed and 14 dated, the same shall constitute a tender of said offers, which 15 shall be promptly accepted, it at all, by the Recipient. The 16 Secretary may revoke the tender and rescind the offers at any time 17 prior to their acceptance by the Recipient, by written notice of 18 the Secretary to the Recipient, given as specified at Section 11.01 19 of this Grant Agreement. 20 (b) This Grant Agreement shall be deemed to have been 21 accepted, and shall become effective, as of the date this Grant 22 Agreement is executed and dated by the Recipient. 23 i 241, 2511 26 :1 27 !I 2811 " 2911 301 3111 " 3211 I ,I II Ii :1 40. 1 . . SIGNATURE PAGE THIS GRANT AGREEMENT is hereby executed and delivered 2 by the parties hereto on the dates set forth below their respective 3 signatures, as follows: 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 I 22' I 2311 24 I 251 ! ; 261 27 28 29 30 311 321 i II II THE SECRETARY OF HOUS ING AND URBAN DEVELOPMENT By: l~,,~'(,~t ~I-Wt irk> - . ROBERT C ~ E~RY, JR. Assistant Secretary for Community Planning and Development Date: ~Al"l \:J., o (0'\~ I THE By: Title: Mayor W. R. Date: June 19. 1979 IMPORTANT One (1) fully executed copy of this Grant Agreement must be mailed to the Director, Office of Urban Development Action Grants, and two (2) fully exec- uted copies ot this Grant Agreement must be mailed to the HUD Area Office Manager, in accordance with Section 11.01, on the same date executed by Recipient. 41. l I . . ,~ 11 '\ Recipient: I . I San Bernardino, CA Grant No. B-79-M-06-0S22 EXHIBIT A SUPPLEMENTARY PROVISIONS II 1:1 Rider to Section 1.03(2). I' 2 i! Application For Federal Assistance (SF 424), the "Application" 3ils~all include the following submittals from Recipient: 41i Implementation Agreement No. 1 dated February 28, 1979 to the Ii 5 ii Disposition Agreement for sale of land for private redevelopment in Central City ii " 6 ': South Project area dated January 19, 1979 ("Disposition Agreement"). i! 7: I. :: 8 :: :1 9' Ii 10: d 11,: Party" i:"lcludes the following persons, firms a::cl entities: In addition to Recipient's Rider to Section 1.030~ Tne term "Participating 12 "CCSC" shall mean Central City South Company, a California joint I , 13, venture comprised of C.T.C. Company, a partnership, and John S. Griffith and :1 14 , Company, a California corporation; " "MERVYN'S" shall mean Mervyn's, a California corporation; 15 16 "CONNECTICUT GENERAL" shall mean Connecticut General Life Insurance 17 Company; and 18 "AGENCY" shall mean the Redevelopment Agency of the City of San 19. Bernardino, California. 20. 21 22 23 24 25 ~~ GO 27 28 29 30 ,~ I Rider to SeCt~OL 2.01. The amount of this UDAG grant is: 31 32 SEVEN HUNDRED SIX'IY-ONE 'IIDUSAND 'lWO HUNDRED DOLLARS ($761,200). EXHIBIT A Page .1 of 1- .i 1. 2 :1 I 5: I 6 II 711 , 8' 9 10: ! 11'1 12'! 131 ,I I 14i 15 il 'I 'I 161 i' :1 27 18 ' 19. 20 ; 21 22. 23 . 2' .... 25 25 ~~ <:., 23 29 30 : -. ..;.~ . -::., ~- I . . Recipient: San Bernandino, CA B-79-AA-06-0522 tJDAG Grant No. Continuation Sheet EXHIB IT A SUPPLINENTARY PROVISIONS Rider to Sections 5.03 and 9.06. The recipient represents that the following number of jobs will be created by the project: Total Permanent Jobs: 231 Total Permanent Jobs for low and moderate income persons: 217 Rider to Section 11.01. The address of the recipient for the purposes of communications relating to this Grant Agreement shall be the following: Mayor's Office City of San Bernardino San Bernardino, CA 92418 EXHIBIT -L Page .J.. of L . ." . . . . . \ Recipient, "'" Bm'''''-' CA I I ~i Rider to Section 1.03(16). The term '\mAG Funded 2! Activities" shall mean the following: I 31\ 41 II 5 :1 H Ii 6:1 which is identified in the Application as Parcel Nos. 134-341-20, 134-341-23 it 7. i 81 I 9; UDAG Grant No. B-79-M-06-0522 EXHIB IT B DESCRIPTION OF UDAG FUNDED ACTIVITIES The UDAG fnnded activities include: (a) the acquisition of approximately 57,253 square feet of land and 134- 351- 20 specifically located in the block bonnded by Second Street on the north, Rialto Avenue on the south, "G" Street on the west, and "F' Street on the east (the "Property"); I , , (b) the relocation of commercial and residential tenants from the 10 :' , 11! existing structures located on the Property; and , 121 (c) the demolition and clearing of said structures from the 13 II Property. " , 4 ',i Upon completion of the necessary relocation, demolition and ~5:1 clearance activities, the Agency shall sell the Property to CCSC for the Stml " 16; of $103,000. 17[ 18 · 19: 20 ' 21 · 22; 23 2,' ' ... ! 25 I ~- .::0 . 27 28: 29 30 ' 31, -~ -, -..- " EXHIB IT B Page .1 of 1 I I ' I I I i . . " . Recipient: San Bernardino, CA UDAG Grant No. B-7l-M-06-0S22 EXHIBIT C FUNDED ACTIVITIES o o II :1 lii Rider to Section 1.03(11). 2 !i Activities" shall mean the following: 'I I, 3 , DESCRIPTION OF NON-UDAG The term ''Non- UDAG Funded I' " 4 i, Ii II 5 il 601 " The non-UDAG funded activities consist of CCSC constructing at least 104,000 square feet of retail/commercial space and the necessary parking, landscaping, and site improvements associated therewith at a cost of $4,031,000 I. 7 i on the property and other land contiguous thereto presently owned by CCSC. ,I 8 :! :1 9 i: 10 : 'i 11 12 . 13 1<1 15 . 16 17 18 19. 20 c - ~.:.. , 0' k . 2n. ",. 23 2" , ~ 25 . . ; ~ ~ ~ 26 . 27 r:'~ ~..C . [ 29 30 i: 31 ' 32 EXHIBIT C Pa<,e 1 of 1 ~ - . . . . , , . . Recipient: San Bernardino, CA UDAG G:rant No. B-79-M-06-0522 EXHIBIT D PROJECT BUDGET - SUMMARY OF PROPOSED EXPENDITURES SOU R C E S o F FUN D S UDAG Private Other Total Line Item Activity Funds Funds Funds Costs a. Land Acquisition 535,000 103,000 638,000 b. Streets & Site 418,000 418,000 Improvements c. Parking Facilities d. Foundations and Platforms e. Pedestrian Malls I. Water and Sewer Facilities g. Clearance and 145,000 145,000 Demolition h. Relocation of Persons and Businesses 115,000 115,000 i. Commercial construction 2,955,000 2,955,000 j . Indirect Costs 548,000 548,000 k. Land Carry Cost 7,000 7,000 , ffi. n. Administration ~ 3 ~ o. Subtotal (Sum of lines a. - n.) p. Contingencies 69,200 69,200 .- q. Grar:t Amount (Sum of lines o. + p.) 864,200 r. Program Income (103,000) . ~ (103,000 (Revenue from UDAG Funds) -- s . TOTAL PROJECT COSTS (Sum oE lines q. + r.) 761,200 4,031,000 4,792,200 EXHIBIT D Page 1: of 2.. . . -, '. " ' I . . , Recipient: San Bernardino, CA UDAG Grant No. B-79-AA-06-0522 EXHIBIT E REQUIRED EVIDENTIARY MATERIALS l[ 1 2 I ient for the approval and acceptance of the Secretary shall be as 3 I follows: I 1 4 [I I 5\1 (a) An amendement to the Implementation Agreement No.1 to the 6\ Disposition Agreement for sale of land for private development in \:entral City 7 I, South Project Area dated February 28, 1979 to require 104,000 square feet of ell connnercial development by CSC. 9 !i (b) Evidence of this connnitment shall be a copy of the amendment II loil and shall be in accordance with Section 10.04. nl! 12!1 II 13 I part of which may be in the fOTlll. of a permanent loan connnitment from Connecticut 14:1 General) for the construction of the retail/connnercial space and related improve- 15\ ments. I 16 Ii (b) Evidence of this connni tment shall be in the form specified at I[ 17!i Section 10.08 of this Grant Agreement. " i! 18' ii " 10 Ii "" il !I 20 Ii February 22, 1979 incorporating the date revisions of March 10, 1980 to March 10, 21 i! 1981 for CCSC to have substantially completed the building and other improvements i' 22:1 and for the building to be available for occupany by Mervyn's. i ~ 23 i: (b) Evidence of this conmitment shall be a copy of the amendment Ii 24:\ and shall comply with Section 10.04 of t.lJ.is Grant Agreement. !i 25:: IV ;i The evidentiary materials to be submitted by the Recip- II (a) CSC shall have finances in the sum of at least $4,031,000 (in III (a) An amendment to the Mervyn's San Bernandino'lease dated , 26 'i II (a) A statement from an officer of Mervyn's that items 3 and 4 under 27 'i Section 20 of the Mervyn's San Bernardino lease have been satisfied and lessor is " " !I 28lnot in default under the lease. 29 :\ (b) Evidence of this conmitment shall be a copy of the statement and i: ' 30:! shall comply with Section 10.03 of this Grant Agreement. Ii 31 Ii " 32 !i Ii I, !l 'I EXHIB IT E Page 1 of 1 " , 11 21 31 41 5! I' :1 6' I I 7' I 81 I I, 9 'I 10 II ; ni \ 12 i, 13! I, 1,q 1511 :1 16t " i. 17 ' 16 19 .. 20 :i 'I 21j 22 ; 23 . 24: 25 ' 26 : 2" . , . I 23 : 29 : 'j '" - ' ,,0 ; , Recipient: SAN BERNARDINO, CA UDAG Grant No. B-79-AA-06-0S22 EXHIBIT F PROJECT PERFORMANCE SCHEDULE I All of the evidentiary materials described in Exhibit E shall be submitted to the Secretary no later than September 30, 1979. II Acquisition and clearance of the property is to commence by June 30, 1979 and shall be completed by October 1, 1979. Construction of the commercial retail space is to commence by September 1, 1979 and shall be completed by March 1, 1980. -, , ,,- 32 EXHIBIT F Page .1: of !.....