PARK PLAZA II, LTD, A CALIFORNIA LIMITED PARTNERSHIP, DBA PARK PLAZA APARTMENTS

Home Browse Search

FOR LANDLORDS Certification of Loss of Rent due to the Coronavirus (Exhibit B) The City is required to verify your revenue loss or rent loss due to the Coronavirus to confirm that the City's payment is necessary. Exhibit B of the template Agreement is the following documentation to demonstrate that the landlord has experienced a loss of rent due to the Coronavirus during this same period last year compared to this year. This information should include the entire property. If you have multiple properties and you are unable to accept payment on behalf of all of them, please list each property separately and provide the name of the property at the top of each list. • Total rent payments received between January 1, 2019 to June 30, 2019: $2,902,671 • Total rent payments received between January 1, 2020 to June 30, 2020. $3,028,859 Difference in Revenue / Rent between 2019 to 2020: $126.188 *SEE NOTE NOTE: There was not a loss of rents when comparing 2020 to 2019, because rent increases were issued during 2019 which raised the anticipated rental income (which we call Scheduled Gross). In addition, the State of Emergency did not start until about March 4, 2020 after most people had already paid their March rent, so 3 of the 6-month period above does not reflect Coronavirus losses. • Our 6-month Scheduled Gross for June, 2019 YTD was $3,116,065 • Our 6-month Scheduled Gross for June, 2020 YTD was $3,170,445 • Without Coronavirus, the rental income should have been $54,380 higher in 2020 than 2019. HOWEVER, Park Plaza had an extremely high vacancy in 2019- $140,896 higher than the same period (Jan — June) in 2020. Having a more highly occupied community accounted for a large portion of the increased income in 2020, This program is supported with Federal funding. According to Title 18, Section 1001 of the U.S. Code, it is a felony for any person to knowingly and willingly make false or fraudulent statement to any department of the United States Government. By providing my signature below, I certify under penalty of perjury, that all the information on this application is correct to the best of my knowledge and belief, and I acknowledge that such information is subject to verification. I also acknowledge that my failure to provide necessary documents within a reasonable period of time or falsification of this information shall be grounds for my denial of assistance, and that I may be subject to prosecution under the law. I authorize the release of said information to local, State and/or Federal agencies and to City Santa Ana staff within five years of this date. Landlord Name (Print): Vicki Binford. Agent for Owner Date: 8/17/2020 Landlord Signature: JIL"t, Date: �Llz , Coronavirus Emergency Rental Relief Fund for Landlords Page 14 Application