Laserfiche WebLink
<br /> ATTACHMENT 5 8A <br /> Page 21 <br />AGREEMENT WITH MENTAL HEALTH ASSOCIATION OF SANMATEO <br /> COUNTY <br />FOR FUNDING TO ACQUIRE LAND AT 104 & 112 CEDAR STREET <br />THIS AGREEMENT, made and entered into this day of <br />,2006, by and between the CITY OF REDWOOD CITY, a <br />municipal corporation of the State of California, ("City"), andl\(Jental Health <br />Association of San Mateo County, a California nonprofjtcorporation, <br />("Contractor"). <br /> WITNESSETH: <br /> . -.' <br /> . ., . <br /> . ' - ,. <br />WHEREAS, pursuant to Section 24(jfJhe Code of Federal Regulations, <br />Part 92 for the HOME Investment Partn~rship ProgrCit'rl,(HOME), fundiJilg <br />assistance may be used to fund eligible actiyitiestq.pe carried out by private <br />non-profit entities or public agencies which al"~glJlyorganized to undertake <br />affordable ownership housing ~fy~lopment; an<t. <br /> .-- , . <br /> .' .." ..... <br /> . ".. .-.,-, ... <br /> . . <br />WHEREAS, the City's COI1$blidatedPlani:]ndHousing Element goals <br />include expanding thesul2ply of affordableqwners~;ip housing for Redwood City <br />househ~ds;and .... ~... .. <br />WHEREA.~,Jv1ental.H~~j~hA~sot:iCltion of San Mateo County has applied <br />for funding assistanceungerthe HOWIE, Program and Agency Housing Fund to <br />acquire.a:p.~rcTlsof latldJnthe City of~edwood City; <br />".WHEREAS,UentaIHea1th Association of San Mateo County has an <br />opH'onto purchase 1"04& 112Cedar Street, (the "Property"), land located in <br />Census Tract 6102, OWned by the seller in the City of Redwood City, California; <br />and <br />. . <br />WHEREi$,tj1e City's Housing & Human Concerns Committee has <br />recommended thatthe Council allocate Seven Hundred Forty Eight Thousand, <br />Four Hundred Ninety Three and 67/100 Dollars ($748,493.67) in Community <br />Development Block Grant and HOME funds toward the acquisition of the <br />property, and <br />WHEREAS, Mental Health Association of San Mateo County has agreed <br />to pursue property acquisition for the purpose of building affordable housing in <br />the City of Redwood City; and <br />WHEREAS, the following exhibits are attached hereto and incorporated <br />by reference herein: <br />1:2006 STAFF REPORTS/04-2006/ACTION PLAN ADOPT/Cedar 81 Acquisition 1 <br />