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HomeMy WebLinkAbout04- Development Department DEVELOPMENT DEPARTMENT OF THE CITY OF SAN BERNARDINO ECONOMIC DEVELOPMENT AGENCY REQUEST FOR COMMISSION/COUNCIL ACTION FROM: KENNETH J.HENDERSON SUBJECT: INFILL HOUSING DEVELOPMENT Executive Director PROGRAM DATE: September 13, 1994 --------------------------------------------------------------------------------------------------------------------------------------------- Synopsis of Previous Commission/Council/Committee Action(s): On September 13, 1994,the Housing Committee voted unanimously (2-0-1)(Oberhelman absent)to recommend to the Community Development Commission approval of utilization of$300,000 in available FY 1994-95 low/mod housing set-aside funds to facilitate construction of twenty-four(24)high single-family detached homes. -------------------------------------------------------------------------------------------------------------------------------------------- Recommended Motion(s): (Community Development Commission) MOTION A: That the Community Development Commission approve utilization of$300,000 in available FY 1994-95 low/mod housing set-aside funds to facilitate construction of twenty-four(24)high quality single-family detached homes in conjunction with Young Homes and the iniill Housing Development Program. Administrator KENN TH J.HEN A RSON Executive Director ------------------------------------------------------------------------------------------------------------------------------------------- Contact Person(s): Kenneth J.Henderson/Robert J.Lemley Phone: 5081 Project Area(s): Central City Project:Central City North:Uptown Ward(s): Two(2) Supporting Data Attached: Staff Report:Owner Participation Agreement(O PA) FUNDING REQUIREMENTS: Amount:$ 300.000 Source: Low/Mod Budget Authority: Requested ------------------------------------------------------------------------------------------------------------------------------------------- Commission/Council Notes: ----------------------------------------------------------------------------------------------------------------------- KJH:RJL:paw:nlilhsng.cdc COMMISSION MEETING AGENDA MEETING DATE: 09/19/94 Agenda Item Number: _ q t DEVELOPMENT DEPARTMENT OF THE ECONOMIC DEVELOPMENT AGENCY STAFF REPORT ----------------------------------------------------------------------------------------------------------------------------------------------- 1NFILL HOUSING DEVELOPMENT PROGRAM On December 6, 1993, the Community Development Commission, at the specific recommendation of the Housing Committee, approved the designation of Young Homes as the Agency sponsored infill developer replacing SSLM Ventures. A major priority of the FY 1994-95 Housing Division budget will be implementation of a Comprehensive Revitalization Strategy within the Central City area. One component of that strategy addresses the "need" for high quality single-family infill development within that community. The recently completed vacant land survey has identified in excess of 100 developable single-family lots within the Central City strategy area. The overall purpose and intent of the Infill Housing Development Program is to construct high quality single-family detached homes on a scattered site basis that will thereby set the "quality standard" for future development within these neighborhoods. In addition, these homes also serve to improve the surrounding community and to encourage individual property improvement at a much higher quality level. Finally, the Infill Development Program addresses the need to promote quality home ownership (vs. rental)throughout the community. Through this program, the Agency will provide Young Homes with financial assistance necessary to acquire vacant scattered lot properties located throughout the Central Revitalization area. This assistance is required to facilitate quality development given the multiple impediments facing potential infill builders. These impediments include the lack of available acquisition financing, significant security issues, higher per home average building cost and the sales price "ceiling" associated with infill (vs. tract) development. Given the current San Bernardino Housing Market, quality residential builders will not (for economic reasons) be motivated to acquire, construct, market and sell scattered site infill homes. In an effort to facilitate the infill market, the Agency will provide acquisition financing directly to Young Homes. Agency financing shall not exceed $15,000 per lot, at an acquisition rate of two (2) lots per month (twenty-four(24) per fiscal year) and shall be repaid at the close of sale escrow (please see attached flow chart). ----------------------------------------------------------------------------------------------------------------------- K.111:R.1L:paw:niilhsng.cdc COMMISSION MEETING AGENDA MEETING DATE: 09/19/94! Agenda Item Number: 'T DEVELOPMENT DEPARTMENT STAFF REPORT INFILL HOUSING DEVELOPMENT PROGRAM September 13, 1994 PAGE - 2 - ---------------------------------------------------------------------------------------------------------------------- A portion of the Agency's repayment may, however, be utilized to assist eligible low/mod income first-time home buyers with payment of required down payment/closing costs on the subject properties. The maximum Agency assistance available to eligible first-time home buyers would not exceed ten(10%) percent of the home purchase price (up to $5,000) and would be fully repayable upon either resale, refinance or change in title. Participation in the Infill Housing Development Program will be exclusively limited to low to moderate income households (120% median income) with each of the homes also being sold at an "affordable" price as established by California Redevelopment Law. To ensure these standards are satisfied and/or adhered to, the Agency will record affordability and maintenance covenants (CC&Rs) against each parcel, prior to construction. On September 13, 1994, the Housing Committee voted unanimously(2-0-1) (Oberhelman absent), to recommend to the Community Commission approval of utilization of$300,000 in available FY 1994-95 low/mod housing set-aside funds to facilitate construction of twenty-four (24) high single-family detached homes. Based upon the significant benefits to the Central City Revitalization Strategy area, staff recommends adoption of the form motion. --1 �s KENNETH . HENDERSON,. Executive Director Development Department ----------------------------------------------------------------------------------------------------------------------- La KJH:RJL:paw:ntilhsng.cdc COMMISSION MEETING AGENDA MEETING DATE: 00149/94 f Agenda Item Number: T SBEO/0001-82 3/2/94 10:15 sl RECORDING REQUESTED BY: REDEVELOPMENT AGENCY OF THE CITY OF SAN BERNARDINO AND WHEN RECORDED RETURN TO: SABO & GREEN, a Professional Corporation Suite 400 6320 Canoga Avenue Woodland Hills, California 91367 (Space Above for Recorder's Use) REDEVELOPMENT AGENCY OF THE CITY OF SAN BERNARDINO INFILL HOUSING PARTICIPATION AGREEMENT (YOUNG HOMES OF CALIFORNIA) By and Between REDEVELOPMENT AGENCY OF THE CITY OF SAN BERNARDINO and YOUNG HOMES OF CALIFORNIA, a California general partnership �L r TABLE OF CONTENTS Page I. [100] SUBJECT OF AGREEMENT A. [101] Purpose of Agreement . . . . . . . . . . . 1 B. [102] The Sites . . . . . . . . . . . . . . . . . 2 C. [103] Central City Target Area . . . . . . . . . 2 D. [104] Parties to the Agreement . . . . . . . . . 3 1. [105] The Agency . . . . . . . . . . . . . 3 2. [106] The Participant . . . . . . . . 3 3. [107] Prohibition Against Change in Ownership, Management and Control of the Participant . . . . . . 3 4. [108] Benefit to Project Area . . . . . . . 5 II. [200] AGENCY ASSISTANCE A. [2 01] The Project . . . . . . . . . . . . . . . . 5 [202] Agency Assistance/Land Write-Down/ Second Trust Deeds . . . . . . . . . . 6 [203] Term of the Agency Assistance . . . . . . . 8 [204] Affordable Housing Cost . . . . . . . . . . 8 III. [300] IMPROVEMENT OF THE SITES A. [301] Improvement by Participant . . . . . . . . 9 1. [302] Scope of Development . . . . . . . . 10 2 . [303] Cost of Construction . . . . . . . . 10 3. [304] Construction Schedule . . . . . . . 10 4. [305] Bodily Injury and Property Damage Insurance . . . . . 11 5. [306] City and Other Governmental Agency Permits . . . . . . . . . . . 12 6. [307] Rights of Access . . . . . . . . . . 13 7. [308] Local, State and Federal Laws . . . 13 8. [309] Antidiscrimination During Construction . . . . . . . . . . . . 13 B. [310] Taxes, Assessments, Encumbrances and Liens . . . . . . . . . . . . . . . . 14 C. [311] Prohibition Against Transfer of the Site, the Buildings or Structures Thereon and Assignment of Agreement . . . . . . . . . . . . . . 14 0 Paae D. [312] Mortgage, Deed of Trust, Sale and Lease-Back Financing; Rights of Holders . . . . . . . . . . . . 15 1. [313] No Encumbrances Except Mortgages, Deeds of Trust or Sale and Lease-Back for Development . . . 15 E. [314] Right of Agency to Satisfy Other Liens On The Sites . . . . . . . . . . . 16 IV. [400] USES OF SITE; AFFORDABILITY COVENANTS A. [401] Uses - Covenants Running With the Land 16 B. [402] Maintenance of the Sites . . . . . . . . 20 C. [403] Effect of Violation of the Terms and Provisions of this Agreement After Completion of Construction . . . . 21 V. [500] GENERAL PROVISIONS A. [501] Notices, Demands and Communications Between the Parties . . . . . B. [502] Conflicts of Interest; Nonliability . . . 23 C. [503] Enforced Delay; Extension of Times of Performance . . . . . . . . . . 23 D. [504] Inspection of Books and Records . . . . . 24 VI. [600] DEFAULTS AND REMEDIES A. [601] Defaults - - General . . . . . . . . . . 24 B. [602] Legal Actions . . . . . . . . . . . . . . 25 1. [603] Institution of Legal Actions . . . . 25 2. [604] Applicable Law . . . . . . . . . . . 25 3 . [605] Acceptance of Service of Process . . 26 C. [606] Rights and Remedies are Cumulative . . . 26 D. [607] Inaction Not a Waiver of Default . . . . 26 E. [608] Remedies . . . . . . . . . . . . . . . . 26 1. [609] Damages . . . . . . . . . . . . . . 26 VII. [700] SPECIAL PROVISIONS A. [701] Submission of Documents to Agency for Approval . . . . . . . . . . . 27 B. [702] Successors in Interest . . . . . . . . . 27 VIII. [800] ENTIRE AGREEMENT, WAIVERS . . . . . . . . . . 28 - ii - 0 0 P- age IX. [900] TIME FOR ACCEPTANCE OF AGREEMENT BY AGENCY A. [901] Time for Acceptance . . . . . . . . . . . 29 ATTACHMENT NO. 1 - GRANT DEED ATTACHMENT NO. 2 - DEED OF TRUST ATTACHMENT NO. 3 - HEALTH AND SAFETY CODE SECTION 50052 . 5 ATTACHMENT NO. 4 - SCOPE OF DEVELOPMENT ATTACHMENT NO. 5 - SCHEDULE OF PERFORMANCE ssEO/0001-82 3/2/94 10:15 A INFILL HOUSING PARTICIPATION AGREEMENT THIS AGREEMENT IS ENTERED INTO this ILA day of 1994, by and between the REDEVELOPMENT AGENCY OF THE CITY OF SAN BERNARDINO (the "Agency") and YOUNG HOMES OF CALIFORNIA, a California general partnership (the "Participant") . Agency and Participant hereby agree as follows: I. [100] SUBJECT OF AGREEMENT A. [101) Purpose of Agreement The purpose of this Agreement is to effectuate various redevelopment plans for the City of San Bernardino (the "City") and specifically the Central City Redevelopment Plan, by providing for Agency assistance to Participant for the residential development of various scattered Sites, as hereinafter defined, within the City. The development of the Sites pursuant to this Agreement is in the vital and best interests of the City and the health, safety and welfare of its residents, and in accord with the public purposes and provisions of applicable state and local laws. The Community Development Commission, acting on behalf of the Agency, has determined that the development and uses contemplated by this Agreement will benefit the low- and moderate-income housing needs of the City as well as the various redevelopment project areas of the City, and has authorized the use of funds from the Agency's Awft Low- and Moderate-Income Housing Fund. f. B. [102] The Sites The Sites shall include certain parcels of land located within the Central City Redevelopment Project Area of the City and in neighborhoods adjacent thereto. Each of the parcels must be pre-approved by the Agency in writing for the purposes of causing the development of single family residential units thereon by the Participant in order to provide low- and moderate-income housing and such Sites shall hereinafter be collectively referred to as the "Sites" . It is the express intent of the parties hereto that the Participant will attempt to acquire those parcels within the City which evidence the highest degrees of blight and are most in need of redevelopment, and the Agency's approval of each Site will be based upon compliance with this intent. In addition, the Agency may itself acquire certain Sites and transfer such Sites to the Participant in order to cause their development in accordance with the provisions of the Agreement. C. [103] Central City Target Area The Agency anticipates that most, if not all, of the Sites to be selected will be within that portion of the City bounded on the north by Highland Avenue, on the south by Rialto Avenue, on the west by Mt. Vernon Avenue and on the east by Waterman Avenue. Such area shall hereinafter be referred to as the "Central City Target Area" . - 2 - 3 AOL D. [104] Parties to the Agreement 1. [105] The Agency The Agency is a public body, corporate and politic, exercising governmental functions and powers and organized and existing under Chapter 2 of the Community Redevelopment Law of the State of California (Health and Safety Code Section 33020, At sea. ) The principal office of the Agency is located at 201 North "E" Street, San Bernardino, California 92401. "Agency", as used in this Agreement, includes the Community Development Commission of the City of San Bernardino, the Economic Development Agency of the City of San Bernardino, the Redevelopment Agency of the City of San Bernardino, and any assignee of or successor to their rights, powers and responsibilities. 2 . [106] The Participant The Participant is a general partnership licensed to do business in the State of California. The principal office and mailing address of the Participant for purposes of this Agreement is: Young Homes of California, 15351 Gale Avenue, Hacienda Heights, California 91745. 3 . [107] Prohibition Against Change in Ownership Management and Control of the Participant The qualifications and identity of the Participant are of Particular concern to the Agency. It is because of those qualifications and identity that the Agency has entered into this - 3 - `f C Agreement with the Participant. No voluntary or involuntary successor in interest of the Participant shall acquire any rights or powers under this Agreement except as expressly set forth herein. The Participant shall not assign all or any part of this Agreement or any rights hereunder without the prior written approval of the Agency, which approval the Agency may grant, withhold or deny at its discretion. In the event of such transfer or assignment: (1) the assignee shall expressly assume the obligations of the Participant pursuant to this Agreement in writing satisfactory to the Agency; (2) the original Participant shall remain fully responsible for the performance and liable for the obligations of the Participant pursuant to this Agreement; and (3) any guarantees provided to assure the performance of the Participant's obligations under this Agreement shall remain in full force and effect. In the absence of specific written agreement by the Agency, no such transfer, assignment or approval by the Agency shall be deemed to relieve the Participant or any other party from any obligation under this Agreement. All of the terms, covenants and conditions of this Agreement shall be binding upon and shall inure to the benefit of the Participant and the permitted successors and assigns of the Participant. Whenever the term "Participant" is used herein, such - 4 - term shall include any other permitted successors and assigns as herein provided. The restrictions of this Section 107 shall terminate and be of no further force and effect upon completion of all portions of the Project as evidenced by a Certificate of Completion. Nothing in this Section 107 shall act to restrict the sale of completed residential units developed on a Site to qualified purchasers if said sales are otherwise in compliance with the terms of this Agreement. 4 . [108) Benefit to Project Areas Agency has determined that the development of the Sites in accordance with this Agreement will eliminate blight and provide needed low- and moderate-income housing to the various project areas of the Agency as well as to areas in proximity thereto which housing is needed due to the insufficiency of such housing within the City generally. II. [200) AGENCY ASSISTANCE A. [201] The Project The Participant shall develop the Sites by acquiring the Sites, either from the Agency or from the current owners thereof, and thereafter causing the development of single family residential units thereon in order to provide for their sale and occupancy by low and moderate income households (the "Project") . The Participant shall use best efforts to acquire Sites which are located within the Central City Target Area and further agrees that - 5 - it shall initially cause the construction of residential units on at least five (5) Sites and thereafter may, upon the written consent of the Agency, cause the development of at least ten (10) Sites in each subsequent fiscal year. B. (202) Agency Assistance/Land Write-Down/Second Trust Deeds In order to assist in the development of the Project and marketability of the Project, the Agency agrees to provide certain Agency assistance (the "Agency Assistance") in one of two forms as follows: (a) The Agency may provide land write-down assistance whereby the Agency would acquire a Site and transfer title to a particular Site at no cost to the Participant for development of the Site in accordance with the terms of this Agreement. Such transfer of title would be pursuant to a Grant Deed substantially in the form of Attachment No. 1 attached hereto and incorporated herein by this reference, which would incorporate the terms and conditions of this Agreement and the Participant would also execute a Deed of Trust in favor of the Agency substantially in the form of Attachment No. 2 attached hereto and incorporated herein by this reference which Deed of Trust would secure Participant's performance under the terms of this Agreement; or (b) the Agency may provide first-time homebuyer down IL J payment assistance, whereby the Agency would, either directly or through a third party chosen solely at the discretion of the 6 - - -•ark Agency, make loans, secured by second trust deeds, to certain eligible purchasers who are of low and moderate income as defined in Health & Safety Code Section 50093 and who seek to purchase residences developed on the Sites. The down payment mortgage assistance for any Site shall be in an amount up to ten percent (10%) of the purchase price provided, however, that the total amount shall not exceed Twenty Thousand Dollars ($20, 000) for any given Site. All assistance provided by the Agency under this Agreement will be in compliance with the Agency's Mortgage Assistance Program ("MAP") guidelines, as those guidelines may be amended from time-to-time. The aggregate amount of the Agency Assistance for the 1993-94 fiscal year shall not exceed One Hundred Thousand Dollars ($100, 000) and the aggregate amount of the Agency Assistance for any future fiscal years, if any, shall be established by and determined in accordance with the Agency's approved budget for any such fiscal year. The purpose of the write-down assistance and the homebuyer loans will be to structure an overall financing package for low- and moderate-income purchasers who comply with certain requirements so that the units will be purchased at affordable housing costs. The Agency shall provide to the Participant the parameters of its MAP program, including the income limits, adjusted for family size, that shall apply to the purchase of the - 7 - 7! residential units to be developed on any given Sites. The Participant agrees to be bound by all limitations to be established by the Agency and/or any Conditions and Covenants and Restrictions as may be imposed by the Agency applicable to the Sites, as to income limits and maximum sales price limits for the residences on the Sites. C. [203] Term of the Agency Assistance The Agency and the Participant agree that the provision of the Agency Assistance shall only apply during the 1993-94 fiscal year provided, however, that to the extent the Executive Director of the Agency deems appropriate, in his sole discretion, the Agency may make the Agency Assistance available in accordance with the provisions of this Agreement for any subsequent fiscal year to the extent that the Agency has approved the allocation of revenues therefor in accordance with its approved annual budget. In such event, all of the terms and conditions of this Agreement may be extended upon the written approval of the Executive Director. D. [204] Affordable Housing Cost For the purposes of complying with this Agreement, all Sites, upon completion of the construction work, shall be sold to low and moderate income households at affordable housing cost as such term is defined in Health and Safety Code Section 50052 . 5, a copy of which is attached hereto as Attachment No. 3 and incorporated herein by this reference. The Participant agrees to be bound by all limitations to be established by the Agency and/or any Conditions and Covenants and Restrictions as may be imposed by - 8 - l/. the Agency applicable to the Sites, as to both income limits and affordability criteria and shall provide the Agency with all relevant information, as may be requested from time to time by the Agency, to ensure compliance with this Section. The Participant shall be responsible for ensuring that all documents required of such low- and moderate-income households are executed and forwarded to the Agency, including, but not limited to, the Affordability Criteria Verification Worksheet and Mortgage Assistance Program Final Applicant Report attached to this Agreement as Attachments No. 4 and 5, respectively. III. [300] IMPROVEMENT OF THE SITES A. [301] Improvement by Participant Participant and Agency agree that the central purpose of this Agreement is to provide for the construction on the Sites of single family residences in a manner consistent with the redevelopment goals of the Agency, to be occupied by low- and moderate-income households. All of said homes will be of high quality and will be developed in accordance with Agency guidelines. With respect to each Site, the Agency shall have the right to approve in writing all of the plans including but not limited to landscaping plan, designs, and specifications of each residential unit to be constructed on a Site as well as the proposed marketing plan for each Site prior to the commitment of any funds representing the Agency Assistance. Such right shall be exercised at the Agency's sole discretion. - 9 - � % 1. [302] Scope of Development Each Site shall be developed by Participant as provided in the "Scope of Development", which is attached hereto as Attachment No. 6 and is incorporated herein. 2 . [303] Cost of Construction The costs of undertaking the Project, including the costs of construction of the improvements, marketing and sales shall be borne solely by Participant. The Agency shall have no obligations, other than as expressly set forth herein, with respect to the funding of the Project. 3 . [304] Construction Schedule Upon execution of this Agreement, Participant will promptly begin and diligently prosecute to completion the undertaking of the Project. The Participant agrees that it shall cause the construction of at least five (5) single family residences on five (5) Sites prior to June 30, 1994, and thereafter shall cause the development of at least ten (10) Sites within any given fiscal year. Performance by Participant hereunder will be in accordance with the provisions of the Schedule of Performance attached hereto as Attachment No. 7 and incorporated herein by reference. A failure to meet any time deadline set forth in the Schedule of Performance shall terminate the Agency's obligation to provide any Agency Assistance to any Site or all or any portion of the Project. - 10 - i l 4. (305] Bodily Injury and Property Damage Insurance Participant shall defend, assume all responsibility for and hold the Agency, the City and their respective officers, agents and employees, harmless from all claims or suits for, and damages to, property and injuries to persons, including accidental death (including attorneys' fees and costs) , which may be caused by any of Participant's activities under this Agreement, whether such activities or performance thereof be by the Participant or anyone directly or indirectly employed or contracted with by Participant and whether such damage shall accrue or be discovered before or after termination of this Agreement. Participant shall take out and maintain a comprehensive liability and property damage policy in the amount of One Million Dollars ($1, 000, 000) combined single limit policy, including contractual public liability, as shall protect Participant, City and Agency from claims for such damages until two (2) years after the completion of the Project. Participant shall furnish a certificate of insurance countersigned by an authorized agent of the insurance carrier on a i form of the insurance carrier setting forth the general provisions of the insurance coverage. This countersigned certificate shall name the City and Agency and their respective officers, agents, and employees as additional insureds under the policy. The certificate by the insurance carrier shall contain a statement of obligation on the part of the carrier to notify City and the Agency of any material change, cancellation or termination of the coverage at least thirty (30) days in advance of the effective date of any such - 11 - 0 material change, cancellation or termination. Coverage provided hereunder by Participant shall be primary insurance and not contributing with any insurance maintained by Agency or City, and the policy shall contain such an endorsement. The insurance policy or the certificate of insurance shall contain a waiver of subrogation for the benefit of the City and Agency. Participant shall furnish or cause to be furnished to Agency evidence satisfactory to Agency that any contractor with whom it has contracted for the performance of work on any Site or otherwise pursuant to this Agreement carries workers compensation insurance as required by law. 5. [306] City and Other Governmental Agency Permits Before providing the Agency Assistance or any portion thereof and/or commencement of the Project or other construction or development of any buildings, structures or other works of improvement upon any Site, Participant shall, at its own expense, secure or cause to be secured any and all permits for all necessary off-site improvements which may be required by the City or any other governmental agency having jurisdiction over such construction, development or work. Nothing contained in this Agreement shall be deemed to be an approval by the City of any application or permit required to be obtained by Participant from the City. - 12 - r 6. [307] Rights of Access For the purpose of assuring compliance with this Agreement, representatives of Agency and the City shall have the right of access to any Site, without charges or fees, at normal construction hours during the period of work for the purposes of this Agreement, including, but not limited to, the inspection of the work being performed in constructing the improvements, so long as they comply with all safety rules. Such representatives of Agency or of the City shall be those who are so identified in writing by the Executive Director of Agency. Agency shall hold the Participant harmless from any bodily injury or related damages arising out of the activities of Agency and the City as referred to in this Section 307 and resulting from the gross negligence or willful misconduct of the City or Agency. This Section 307 shall not be deemed to diminish or limit any rights which the City or Agency may have by operation of law irrespective of the Agreement. 7. [308] Local, State and Federal Laws Participant shall carry out the construction of the Project and all related activities on any Site in conformity with all applicable laws, including all applicable federal and state labor standards; provided, however, Participant and its contractors, successors, assigns, transferees, and lessees are not waiving their rights to contest any such laws, rules or standards. - 13 - (-/ 8. [309] Antidiscrimination During Construction Participant, for itself and successors and assigns, agrees that in the construction of the improvements provided for in this Agreement, Participant shall not discriminate against any employee or applicant for employment because of race, color, creed, religion, age, sex, marital status, handicap, national origin or ancestry. B. [310] Taxes, Assessments, Encumbrances and Liens Prior to the issuance of a Certificate of Occupancy for any residence developed on a Site, Participant shall not place or allow to be placed on such Site or any part thereof any mortgage, trust deed, encumbrance or lien other than as expressly approved by the Agency in writing. Participant shall remove or have removed any levy or attachment made on any of the Sites or any part thereof, or assure the satisfaction thereof within a reasonable time but in any event prior to a sale thereunder. C. [311] Prohibition Against Transfer of the Site the Buildings or Structures thereon and Assignment of Agreement 1. Prior to the issuance by the Agency of a Certificate of Completion as to any building or structure, Participant shall not, except as permitted by this Agreement, without the prior written approval of Agency, make any total or partial sale, transfer, conveyance, assignment or lease of whole or any part of any Site or of the buildings or structures on the applicable Site. This prohibition shall not be deemed to prevent a transfer - 14 - expressly permitted pursuant to Section 107 of this Agreement, or the granting of temporary or permanent easements or permits to facilitate the development of the Sites. 2 . Upon obtaining a Certificate of Occupancy from the City of San Bernardino for the residential unit developed on a Site, the Participant shall use best efforts to sell such unit in accordance with and subject to the restrictions set forth in this Agreement. 3 . The deed to any purchasers of the residential units shall require that the units be owner occupied by persons living in the units as their principal residences and shall further require that such units shall remain available at affordable housing costs to the families of low- and moderate-income for a period of not less than ten (10) years subject to any exceptions as may be provided by the Agency. D. [312] Mortgage, Deed of Trust Sale and Lease-Back Financing; Rights of Holders 1. [313] No Encumbrances Except Mortgages Deeds of Trust or Sale and Lease-Back for Development Mortgages, deeds of trust and sales and lease-back are to be permitted before completion of the construction of the improvements, but only for the purpose of securing loans of funds to be used for financing the acquisition of any Site, the construction of improvements on any Site, and any other purposes - 15 - 0 necessary and appropriate in connection with development under this Agreement. Participant shall not enter into any other conveyance or lien for financing without the prior written approval of Agency, which approval Agency agrees to give if any such conveyance or lien for financing is given to a bank, savings and loan association, or other similar lending institution and the terms of said financing are reasonably acceptable to Agency. The form of approval by Agency shall be in writing which references this Section 313 , executed by the Executive Director of the Agency. In the event that the Agency fails to accept or reject such lender in writing within fifteen (15) days after written notice thereof is received by the Agency, such lender shall be deemed approved. E. [314] Right of Agency to Satisfy Other Liens On The Sites Prior to the completion of the development on any given Site, and after Participant has had written notice and has failed after a reasonable time, but in any event not less than fifteen (15) days, to challenge, cure, adequately bond against, or satisfy any liens or encumbrances on a Site which are not otherwise permitted under this Agreement, Agency shall have the right but not the obligation to satisfy any such liens or encumbrances. IV. [400] USES OF SITE; AFFORDABILITY COVENANTS A. [401] Uses - Covenants Running With the Land Participant covenants and agrees for itself, its successors, its assigns, and every successor in interest to any Site or any part thereof, that for a period of ten (10) years - 16 - commencing on the date of the issuance by City of the Certificate of Occupancy on each of the residences to be developed by Participant on the Sites will be devoted to and available for sale solely to persons or families with an income which are low and moderate to very low, as those terms are defined in Health and Safety Code Sections 50093 (low and moderate income) and 50105 (very low income) , with sales costs of each residential unit to be at an affordable housing cost (as such term is defined in Health and Safety Code Section 50052 . 5, a copy of which is attached hereto as Attachment No. 3) . The foregoing covenants shall run with the land for ten (10) years commencing on the date that the City issues the Certificate of Occupancy on each of the residences. The Agency shall, after the date of this Agreement, consider and adopt guidelines and restrictions as it deems necessary for compliance with the provisions contained in the California Community Redevelopment Law and in particular, those Sections thereof that permit the use of the Agency's Low- and Moderate-Income Housing Fund. The Participant acknowledges that the source of funds to be utilized to fulfill the Agency's financial commitments under this Agreement shall be tax increment revenues on deposit in the Agency's Low- and Moderate-Income Housing Fund. The Community Redevelopment Law, and in particular, Health and Safety Code Section 33334 . 31 requires the Agency to impose certain limitations on the income of prospective purchasers of the units and the maximum sales price of the units, based upon - 17 - MIN U 0 affordability as may be determined by the Agency. The Participant agrees to include within the content of the grant deed and any other appropriate disclosure documents as may be reasonably necessary to implement this Agreement, such provisions as are necessary in furtherance of the guidelines and restrictions to be adopted by the Agency pursuant to this section as a means of complying with the intent of said Health and Safety Code Section 33334. 3. The Participant further covenants and warrants that Participant shall develop improvements on the Sites in accordance with the Scope of Development. Participant covenants to develop the Sites in conformity with all applicable laws. The covenants of this paragraph shall run with the land. Participant covenants by and for itself and any successors in interest 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, lease, sublease, transfer, use, occupancy, tenure or enjoyment of any Site, nor shall Participant itself or any person claiming under or through it establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, sublessees or vendees of the Sites. The foregoing covenants shall run with the land. - 18 - (� All deeds, leases or contracts pertaining to the Sites shall contain or be subject to substantially the following nondiscrimination or non-segregation clauses: 1. In deeds: "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, lease, sublease, 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 tenants, lessees, subtenants, sublessees or vendees in the land herein conveyed. The foregoing covenants shall run with the land. " 2. In leases: "The lessee herein covenants by and for A himself or herself, his or her heirs, executors, administrators and assigns, and all persons claiming under or through him or her, that this lease is made and accepted upon and subject to the following conditions: "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, handicap, age, ancestry or national origin in the leasing, subleasing, transferring, use, occupancy, tenure or enjoyment sale, lease, - 19 - f / sublease, transfer, use, occupancy, tenure or enjoyment of the premises herein leased nor shall the lessee himself or herself, or any person claiming under or through him or her, establish or permit any such practices or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, sublessees, subtenants or vendees in the premises herein leased. " 3 . In contracts: "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, ancestry or national origin, in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the premises, nor shall the transferee 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 tenants, lessees, subtenants, sublessees or vendees of the premises. " B. [402] Maintenance of the Sites Participant shall, until sale of each of the residential units, maintain all Sites or portions thereof which remain unsold and all other improvements on the Sites and shall keep the Sites free from any accumulation of debris or waste materials. Participant further agrees to maintain the Sites in a neat and attractive manner until construction of the improvements - 20 - t / described in this Agreement is complete so as not to, in the reasonable determination of an appropriate officer of the City, be a public nuisance, or be detrimental to the health, safety and welfare of the public, or impair value of property within one thousand (1, 000) feet of the Sites, and agrees that in the event Participant fails to do so, Agency may enter upon the applicable Site for the purposes of performing necessary and desirable maintenance, that Participant will be responsible for the cost of any such maintenance undertaken by Agency, which shall be paid within thirty (30) days after receipt by Participant of written demand therefor. C. [403] Effect of Violation of the Terms and Provisions of this Agreement After Completion of Construction The covenants established in this Agreement shall, without regard to technical classification and designation, be binding for the benefit and in favor of Agency, its successors and assigns, as to those covenants which are for its benefit. The covenants contained in this Agreement shall remain in effect until the termination date of the Redevelopment Plan unless an earlier date is specified. The covenants against racial discrimination shall remain in perpetuity. Agency is deemed the beneficiary of the terms and provisions of this Agreement and of the covenants running with the land, for and in its own rights and for the purposes of protecting the interests of the community and other parties, public or - 21 - private, in whose favor and for whose benefit this Agreement and the covenants running with the land have been provided. Agency shall have the right, if the Agreement or covenants are breached, to exercise all rights and remedies, and to maintain any actions or suits at law or in equity or other proper proceedings to enforce the curing of such breaches to which it or any other beneficiaries of this Agreement and covenants may be entitled. V. [500] GENERAL PROVISIONS A. [501] Notices, Demands and Communications Between the Parties written notices, demands and communications between Agency and Participant shall be sufficiently given if delivered by hand (and a receipt therefor is obtained or is refused to be given) or dispatched by registered or certified mail, postage prepaid, return receipt requested, to the principal offices of Agency and Participant. Such written notices, demands and communications may be sent in the same manner to such other addresses as such party may from time to time designate by mail as provided in this Section 501. Any written notice, demand or communication shall be deemed received immediately if delivered by hand and shall be deemed received on the tenth day from the date it is postmarked if delivered by registered or certified mail. 22 - I B. [502] Conflicts of Interest; Nonliability No member, official or employee of Agency or the City shall have any personal interest, direct or indirect, in this Agreement. No member, official or employee shall participate in any decision relating to the Agreement which affects his personal interests or the interests of any corporation, partnership or association in which he is directly or indirectly interested. No member, official or employee of Agency or the City shall be personally liable to Participant, or any successor in interest, in the event of any default or breach by Agency or Participant, or for any amount which may become due to Participant or its successor or on any obligations under the terms of this Agreement. Participant represents and warrants that it has not paid or given, and shall not pay or give, any third party any money or other consideration for obtaining this Agreement. C. [503] Enforced Delay; Extension of Times of Performance In addition to specific provisions of this Agreement, performance by either party hereunder shall not be deemed to be in default, and all performance and other dates specified in this Agreement shall be extended, where delays or defaults are due to: war; insurrections; floods; earthquakes; fires; casualties; acts of God; acts of the public enemy; freight embargoes; governmental restrictions or priority; litigation; unusually severe weather; acts or omissions of another party; acts or failures to act of the City or any other public or governmental agency or entity (other - 23 - than the acts or failures to act of Agency which shall not excuse performance by Agency) ; or any other causes beyond the control or without the fault of the party claiming an extension of time to perform. Notwithstanding anything to the contrary in this Agreement, an extension of time for any such cause shall be for the period of the enforced delay and shall commence to run from the time of the commencement of the cause, if notice by the party claiming such extension is sent to the other party within thirty (30) days of the commencement of the cause. Times of performance under this Agreement may also be extended in writing by the mutual agreement of Agency and Participant. D. [504] Inspection of Books and Records Agency has the right at all reasonable times to inspect the books and records of Participant pertaining to any Site as pertinent to the purposes of this Agreement. Participant has the a right at all reasonable times to inspect the public records of Agency pertaining to any Site as pertinent to the purposes of the Agreement. VI. [600] DEFAULTS AND REMEDIES A. [601] Defaults - - General Subject to the extensions of time set forth in Section 503, failure or delay by any party to perform any term or Provision of this Agreement constitutes a default under this Agreement. The party who so fails or delays must immediately commence to cure, correct, or remedy such failure or delay, and shall complete such cure, correction or remedy with diligence. - 24 - C The injured party shall give written notice of default to the party in default, specifying the default complained of by the injured party. The injured party may not institute proceedings against the party in default until thirty (30) days after giving such notice. Failure or delay in giving such notice shall not constitute a waiver of any default, nor shall it change the time of default. B. [602] Legal Actions 1. [603] Institution of Legal Actions In addition to any other rights or remedies hereunder, Agency or Participant may institute legal action to cure, correct or remedy any default, to recover damages for any default, or to obtain any other remedy consistent with the purpose of this Agreement. Any legal actions initiated pursuant to this Agreement or otherwise with respect to this subject matter must be instituted in the Superior Court of the County of San Bernardino, State of California, or in an appropriate municipal court in that county. 2 . [604] Applicable Law I The laws of the State of California shall govern the interpretation and enforcement of this Agreement. 25 - 3 . [605] Acceptance of Service of Process In the event that any legal action is commenced by any party against another party, service of process on such party shall be made by personal service upon such party or in such other manner as may be provided by law, and shall be valid whether made within or without the State of California. C. [606] Rights and Remedies are Cumulative Except as otherwise expressly stated in this Agreement, the rights and remedies of the parties are cumulative, and the exercise by any 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 any other party. D. [607] Inaction Not a Waiver of Default Any failures or delays by any party in asserting any of its right and remedies as to any default shall not operate as a waiver of any default or of any such rights or remedies, or deprive any party of its right to institute and maintain any actions or proceedings which it may deem necessary to protect, assert or enforce any such rights or remedies. E. [608] Remedies 1. [609] Damages Prior to completion of the Project, if either Participant or Agency defaults with regard to any of the provisions of this Agreement, the non-defaulting party shall serve written notice of - 26 - such default upon the defaulting party. If the default is not cured or if a cure has not been commenced and is being diligently pursued to completion by the defaulting party within thirty (30) days after service of the notice of default, the defaulting party shall be liable to the other for any damages caused by such default, and the non-defaulting party shall have the right to seek specific performance and such other remedies as are available in law or equity. VII. [700] SPECIAL PROVISIONS A. [701] Submission of Documents to Agency for Approval Whenever this Agreement requires Participant to submit any document to Agency for approval, which shall be deemed approved if not acted on by Agency within the specified time, said document shall be accompanied by a letter stating that it is being submitted and will be deemed approved unless rejected by Agency within the stated time. If there is not a time specified herein for such Agency action, Participant may submit a letter requiring Agency approval or rejection of documents within thirty (30) days after submission to Agency or such documents shall be deemed approved. B. [702] Successors in Interest The terms, covenants, conditions and restrictions of this Agreement shall extend to and shall be binding upon and inure to the benefit of the heirs, executors, administrators, successors and assigns of Participant. 27 - VIII. [800) ENTIRE AGREEMENT, WAIVERS This Agreement is executed in four (4) duplicate originals, each of which is deemed to be an original. This Agreement includes five Attachments, 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 provisions 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. All waivers of the provisions of this Agreement must be in writing by the appropriate authorities of the Agency and Participant, and all amendments hereto must be in writing by the appropriate authorities of Agency and Participant, except that the Executive Director of Agency may agree to non-substantive changes hereto with concurrence by Agency counsel. Each individual signing below represents and warrants that he has the authority to execute this Agreement on behalf of and bind the party he purports to represent. - 28 - IX. [900] TIME FOR ACCEPTANCE OF AGREEMENT BY AGENCY A. (901) Time for Acceptance This Agreement, when executed by Participant and delivered to Agency, must be authorized, executed and delivered by Agency on or before thirty (30) days after signing and delivery of this Agreement by Participant or this Agreement shall be void, except to the extent that Participant shall consent in writing to a further extension of time for the authorization, execution and delivery of this Agreement. The date of this Agreement shall be the date when it shall have been signed by the Agency as evidenced by the date first above shown. 29 - ATTACHMENT NO. 1 GRANT DEED �I ATT. 1 - Page 1 ATTACHMENT NO. 2 DEED OF TRUST ATT. 2 - Page 1 O ATTACHMENT NO. 3 HEALTH AND SAFETY CODE SECTION 50052 .5 ATT. 3 - Page 1 ,/ AWN ATTACHMENT NO. 4 AFFORDABILITY CRITERIA VERIFICATION WORKSHEET ATT. 4 - Page 1 ATTACHMENT NO. 5 MORTGAGE ASSISTANCE PROGRAM FINAL APPLICANT'S REPORT ATT. 5 - Page 1 ATTACHMENT NO. 6 SCOPE OF DEVELOPMENT I. GENERAL DESCRIPTION The Participant will acquire existing blighted housing or lots, with each specific Site subject to prior written Agency approval, and cause the development and resale of the housing thereon. II. DEVELOPMENT Participant shall develop the Site by constructing homes of varying square footage. Each home shall have a work write-up acceptable to both the Agency and the Participants. Participant agrees to expend a construction cost of approximately $ per square foot for each residence, exclusive of fees, off-site improvements, engineering or loan costs. All of the improvements to be provided by the Participant on the Site constitute the "Project. " III. DEVELOPMENT STANDARDS The Project shall be developed in accordance with applicable building and safety codes. IV. DEMOLITION AND SOILS Participant assumes all responsibility for surface and subsurface conditions at the Site, and the suitability of the Site for the Project. If the surface and subsurface conditions are not entirely suitable for such development and use, Participant shall at its cost take all actions necessary to render the Site entirely suitable for such development. Participant has undertaken all investigation of the Site it has deemed necessary and has not received or relied upon any representations of Agency, the City, or their respective officers, agents and employees. Participant shall undertake at its cost all demolition required in connection with the development of the Project. ATT. 6 - Page 1 0 I ATTACHMENT NO. 7 SCHEDULE OF PERFORMANCE (Applicable to MAP assisted sites or Acquisition assisted sites) The construction of housing to be performed under the terms of the Agreement shall be accomplished in (_) phases. Phase I shall consist of five (5) residential properties, and shall be completed by , 1994. Phase II shall consist of ten (10) residential properties to be completed by . III shall consist of ten (10) residential propertie to be purchased, developed and sold during each of the Agency's fiscal years, commencing on The specific time frames for the elements of each Phase is set forth below. A failure to meet any one of the time deadlines set forth below shall, at the Agency's sole discretion, terminate any future obligation on the part of the Agency to provide any further Agency Assistance under the terms of the Agreement. Phase I (5 residential properties) To Be Completed BY: 1. Acquisition of all Sites. 2 . Agency Approval of Design and architectural plans 3. Agency Approval of all construction plans and specifications 4. Construction of all residences on the Sites. 5. Completion of all Sites 6. Marketing of all residences.' ' Marketing is defined as the opening of bona fide escrows on all residential properties in the subject Phase, with purchasers acceptable to the Agency, by the deadline indicated. Each of said escrows must close not later than 90 days after the indicated marketing deadline or the Agency shall be excused from providing further assistance on that Phase or any subsequent Phase. ATT. 7 - Page 1 L� Phase II (10 residential properties) To Be Completed By: 1. Acquisition of all Sites. 2. Agency Approval of Design and architectural plans 3. Agency Approval of all construction plans and specifications 4. Construction of all residences on the Sites. 5. Completion of all Sites 6. Marketing of all developed residences Phase III (10 residential properties in each subsequent Agency fiscal year) To Be Completed By: 1. Acquisition of all Sites. not later than 2. Agency Approval of Design and architectural plans not later than 3. Agency Approval of all construction plans and specifications not later than 4. Construction of all residences on the Sites. not later than 5. Completion of all Sites not later than 6. Marketing of all residences. not later than The time deadlines for Phase III may be adjusted as reasonably required to meet changing circumstances, subject to the written approval of the Executive Director of the Agency. ATT. 7 - Page 2 �. r 0 O~ �ti M M FFF b gM � G C0 H n o e n g w e a p �, " o ■ o t u $ '? 91 91,. '> s r 10 W . ■ 3. t i yo w `w N NN u W a qw • N N A Ali 1 1 1•f M w-W ` S�y� �b 0 0 0 0 wt?N tW w wN N N N . a Al ` f a 3i `O.*p`O w:N �N w.N 3 N i7 £ N w7iN . �� m 000.0 HN kN�wN • k.. iv w w N fs 0 ;0 • .•,w O: .O .N. w "N NN •