Laserfiche WebLink
ORIGINAL <br /> AGREEMENT WITH MENTAL HEALTH ASSOCIATION OF SAN MATEO COUNTY <br /> FOR <br /> FUNDS TO ACQUIRE 105 5TH AVENUE <br /> THIS AGREEMENT, made and entered into this oSW day of <br /> 2013, by and befinreen the CITY OF REDWOOD CITY, a charter city a unicipal <br /> corporation of the State of California ("City") and MENTAL HEALTH ASSOCIATION OF <br /> SAN MATEO COUNTY (MHA), a California nonprofit organization ("Contractor"; <br /> collectively the "Parties"). <br /> WITNESSETH: <br /> WHEREAS, pursuant to Section 570.201 of the Code of Federal Regulations for <br /> the Community Development Block Grant Program (CDBG) Program, funding <br /> assistance may be used to fund eligible activities to be carried out by private non-profit <br /> entities which are duly organized to undertake affordable housing development or <br /> public agencies; and <br /> WHEREAS, in consideration for providing the CDBG funds or the use of the <br /> proceeds thereof, MHA has agreed to record a certain Declaration of Affordability <br /> Covenants in the form attached hereto as Exhibit "B" (the "Affordability Covenants") on <br /> the Property, which Affordability Covenants shall provide that the Project will be CDBG- <br /> assisted and restricts income and rent of the CDBG- assisted units such that this <br /> Project remain continuously affordable to low income persons for specified period of <br /> time; and <br /> WHEREAS, the City's Consolidated Plan and Housing Element goals include <br /> expanding the supply of affordable housing; and <br /> ATTY/AGR/2013.116/MHA FUNDING AGREEMENT <br /> REV:07-12-13 VR <br /> Page i of 32 <br />