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Res18 15644
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Res18 15644
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Last modified
10/11/2019 7:58:05 AM
Creation date
10/11/2019 7:57:54 AM
Metadata
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Template:
CC Index
CC Index - Document Type
Resolution
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
2/12/2018
Description
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDWOOD CITY APPROVING A LOAN IN THE AMOUNT OF $1, 100, 000 FROM THE AFFORDABLE HOUSING FUND IN CONNECTION WITH THE REFINANCING OF PROPERTY LOCATED AT 3752-3770 ROLISON ROAD FOR AFFORDABLE HOUSING PRESERVATION; APPROVING AND AUTHORIZING THE CITY MANAGER TO EXECUTE RELATED LOAN DOCUMENTS; AND AUTHORIZING THE CITY MANAGER TO TAKE ALL OTHER NECESSARY ACTIONS
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12. Occupancv Reports: Annually, on June 30th of every year of the Affordability <br />Period, Owner shall provide to the City a report containing, at a minimum, the following <br />information: <br />i) Total number of Assisted Units that are occupied; <br />ii) Total number of Assisted Units that are vacant; <br />iii) A certified rent roll for Assisted Units containing the unit numbers, <br />the lease commencement and expiration dates, the numbers of bedrooms <br />and bathrooms within the rented Assisted Units and the rental rate for <br />each rented Assisted Unit; <br />iv) For each Assisted Unit, the unit size, household size, household <br />income, income limits for a qualifying lessee, maximum affordable rents <br />for a qualifying lessee, utility allowance, and total monthly rent; <br />v) Evidence that the income for each tenant of an Assisted Unit does <br />not exceed the maximum income for a qualifying lessee; <br />vi) The total number of units that are occupied by staff, if any; <br />vii) Such other information as may be reasonably required by City to <br />determine compliance with the terms of this Agreement. <br />IN WITNESS WHEREOF, Owner has executed this Declaration on the date first <br />written above. <br />"Owner" <br />MP Mosaic Garden Associates, L.P. <br />a California limited partnership <br />By: MP Atherton Court, LLC, <br />a California limited liability company, <br />Its general partner <br />By: Mid -Peninsula Seven Trees, Inc. <br />A California nonprofit public benefit <br />corporation <br />Its sole member and manager <br />By: <br />Name: Matthew O. Franklin <br />Title: Assistant Secretary <br />[Signature to be notarized] <br />ATTY/AGR/2018.027/MID PEN MOSIAC GARDENTS (ATHERTON COURT) <br />REV: 02-06-181S <br />Page 23 of 41 <br />
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