Agmt06 San Mateo, County of San Mateo & First Community Housing

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AGREEMENT BETWEEN THE COUNTY OF SAN MATEO, THE CITY OF REDWOOD CITY AND FIRST COMMUNITY HOUSING THIS AGREEMENT, entered into this to 'f1.4 day of vv,..J (;; , 20 cb, by and between the COUNTY OF SAN MATEO, hereinafter called "County", the CITY OF REDWOOD CITY, hereinafter called "City", and FIRST COMMUNITY HOUSING hereinafter called "Contractor" OR "FCH"; W !IN g§§gIH: WHEREAS, FCH applied for funding assistance for the development of 58 units of affordable rental housing units; and WHEREAS, on May 3, 2005, the County's Board of Supervisors approved the CDBGÆSG/ HOME funding for FY 2005-06, which included $500,000 of HOME funding for this purpose; and WHEREAS, on May 9, 2005, the City Council of the City of Redwood City approved CDBG funding for FY 2005-06 which included $200,000 funding for this purpose; and WHEREAS, on January 24,2005, the Redevelopment Agency Board of the City of Redwood City approved a Development and Disposition Agreement (RDA Resolution 13624) recorded in the Office of the County Recorder on August 17,2005 as document 2005-141296, hereinafter referred to as "the DDA", and by this reference made a part hereof as if contained in its entirety, committing a subsidy of Redevelopment Agency Housing Set-aside Funds in the amount of $1,927,000; WHEREAS, it is necessary and desirable that Contractor be retained for the purpose of development of affordable rental housing; NOW, THEREFORE, IT IS HEREBY AGREED BY THE PARTIES HERETO AS FOLLOWS: 1. Exhibits and Attachments The following exhibits and attachments are included hereto and incoIporated by reference herein: Exhibit A - ProgramlProject Description Exhibit B - Payments and rates Exhibit C - Equal Benefits Compliance Declaration Form Exhibit D - Additional Program Requirements Exhibit E - 504 Compliance Notwithstanding any other provisions of this Agreement, in the event of a conflict between the terms of this Agreement and those of an Exhibit or Attachment hereto, the terms of the Exhibit or Attachment shall control. 2. Services to be performed by Contractor In consideration of the payments set forth herein and in Exhibit "B," Contractor shall perform the services (hereinafter referred to as the "services" or the "work") necessary to implement the ProgramlProject as described in Exhibit A. For the purposes of this contract "Program" or "Project" may be used interchangeably. 3. Payments In consideration of the services provided by Contractor in accordance with all terms, conditions and specifications set forth herein. County and City shall make payment to Contractor based on the rates and in the manner specified in Exhibit "B." Both the County and the City reserve the right to withhold payment if either determines that the quantity or quality of the work performed is unacceptable. In no event shall the County's and City's total fiscal obligation under this Agreement exceed Five Hundred Thousand Dollars, ($500,000) and Two Hundred Thousand Dollars ($200,000), respectively. Contract VM 2 ~..~~ ~~»~~"'-"'~.">.'»~' ~...._._--_.~...~-----_..._--_.