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ATTY/RESO.0053/CC RESO AMENDING AFFORDABLE HOUSING PRESERVATION PROGRAM – EXHIBIT A <br />REV: 08-19-24 LF <br />Page 12 of 19 <br />13. Preliminary title report dated within 60 days of the application. <br />14. Phase 1 dated within 1 year of the application. <br />15. Proof of Planning approvals, if applicable. <br />16. Budget spreadsheets with development sources and uses, operating, 20-year <br />cash flow budgets, debt coverage ratio, unit mix, City restricted-unit mix. Applicant <br />must use budget template provided by the City. Applicant may provide <br />supplementary budget documentation in addition to the City’s required budget <br />template. <br />17. Financing commitments. <br />18. Operating subsidy commitment, if applicable. <br />19. Supportive services plan and budget (if applicable) including FTE, staff/client <br />ratios, types of onsite and offsite services, memorandums of understanding <br />between external service provider (if applicable), funding commitment documents. <br />20. Relocation Plan and Budget, if applicable. <br />21. Physical Needs Assessment with replacement reserve analysis completed within <br />6 months of the application. <br />22. A timeline description of when over-income units are expected to turnover and <br />become affordable units. <br />23. Insurance as required by Exhibit A. Property insurance will be required before <br />acquisition closing. <br />24. Signed Certifications in Exhibit C. <br />25. Description of any changes from the Guidelines requested. <br />26. Any other materials required to evaluate scoring criteria. <br />GENERAL INFORMATION <br /> <br />Revisions <br /> <br />The City Manager is authorized to make minor changes to the Guidelines; substantive <br />changes will require City Council action. <br /> <br />If it becomes necessary to modify any aspect of this Program, the City will prepare an <br />addendum and post it on the City’s website and will send it out to the City’s listserv. <br /> <br />Expense of Preparation <br /> <br />The City is not responsible for any expense incurred in preparation of submittals or taking <br />any action in connection with the process, or for the costs of any services performed in <br />connection with submittal, interviews, or approval process. <br /> <br /> <br />6.M. - Page 17 of 110 <br />473