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<br />Agreement with Service League of San Mateo County <br />Funding for Property Acquisition <br />96 Buckingham Avenue, Redwood City, California <br /> <br />Exhibit A <br /> <br />PROGRAM SERVICES <br /> <br />A. ACTIVITIES <br /> <br />1. Assianment and Transfer of Aareement <br /> <br />Notwithstanding Paragraph 7 herein, this Agreement may be assigned by <br />Contractor to and be assumed by a non-profit corporation (hereinafter called <br />"Beneficiary") which must be approved in writing by the City prior to the <br />assignment and/or assumption, provided that the "Beneficiary" shall assume all <br />rights and obligations of the Contractor hereunder, in form and content <br />satisfactory to the City. <br /> <br />2. Acquisition <br /> <br />With funds provided under this Agreement, and funds to be deposited by <br />Contractor hereunder, Contractor shall acquire the property at 96 Buckingham <br />Avenue, in the unincorporated area within the sphere of influence of the City of <br />Redwood City ("Property" or sometimes referred to as the "Units"). Contractor <br />shall obtain a first mortgage of approximately $285,000.00 from Borel Private <br />Bank & Trust. Contractor shall deposit $20,000.00 plus sufficient fees for non <br />recurring escrow fees in order to complete this sale at a purchase price of <br />$555,000. Upon completion of this acquisition, Contractor shall provide sufficient <br />funding, staffing, operations and maintenance to provide and sustain for a period <br />of 55 years, special needs transitional housing on the subject property within 90 <br />days from the date of execution of this agreement. Contractor shall rent each of <br />said units to an eligible and qualified Redwood City resident as described in <br />Paragraph 4 and Exhibit C attached herein. <br /> <br />3. Marketina <br /> <br />Contractor shall select occupants from a pool of eligible applicants residing in the <br />incorporated limits of the City of Redwood City and countywide shelter system no <br />later than the date on which units become available. Contractor shall include as <br />part of its marketing efforts, outreach to chronic homeless and at-risk of being <br />homeless households transitioning through one of the various homeless and self <br />sufficiency assistance programs operating in the City of Redwood City. At least 2 <br />beds shall be occupied at all times by qualified Redwood City residents. <br /> <br />4. Income Affordabilitv and Occupancy Restriction <br /> <br />In accordance with the provisions of the Community Development Block Grant <br />(CDBG) and HOME Investment Partnership (HOME) Program, the units built on <br /> <br />ATTY/AGR/2008.072 <br />081108 <br />