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AgdaPkt 2019-05-06 Joint SA PFA
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AgdaPkt 2019-05-06 Joint SA PFA
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Last modified
10/1/2020 3:58:50 PM
Creation date
5/2/2019 3:54:27 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Regular
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
5/6/2019
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6.B. -Page 11 of 12 <br />4. Section 2, Maximum Allowable Rent and Utility Allowances, of the Declaration <br />is hereby amended to read as follows, replacing all references to the term "allowable rent" <br />with "affordable rent," and retitling the section as "Maximum Affordable Rent and Utility <br />Allowances": <br />2. Maximum Affordable Rent and Utility Allowances. The maximum <br />affordable rents must be reduced if the tenant/s pay/s for utilities. The <br />maximum rent includes all utilities and housing -related services, except <br />telephone and cable TV. Allowances provide a mechanism for reducing the <br />maximum affordable rent when some or all utilities are paid by the tenant/s. <br />The City uses the San Mateo County Housing Authority allowance schedule <br />to determine utility allowances which vary depending on the type of unit and <br />utilities available in the unit. <br />5. Section 3, Maximum Rents (Low Affordable Units), Section 4, Maximum <br />Rents (Very Low Affordable Units), and Section 5, Maximum Rents (Extremely Low <br />Affordable Units) are hereby deleted from the Declaration. <br />6. All other provisions of the Declaration will remain in full force and effect. <br />7. All requisite insurance policies to be maintained by Contractor pursuant to <br />the Agreement will include coverage for this Amendment. <br />8. The individuals executing this Amendment and the instruments referenced <br />in it on behalf of Contractor each represent and warrant that they have the legal power, <br />right, and actual authority to bind Contractor to the terms and conditions of this <br />Amendment. <br />[Signature Page Follows] <br />ATTY/AGR/2019/AMENDMENTS/AMEND NO. 1— MIDPEN MOSAIC GARDENS (ATHERTON COURT) <br />REV: 04-22-19 DZ <br />Page 4 of 5 <br />87 <br />
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