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ADVANCED GROUP 09-97, A CALIFORNIA LIMITED PARTNERSHIP, DBA ARTISTS VILLAGE APARTMENTS
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ADVANCED GROUP 09-97, A CALIFORNIA LIMITED PARTNERSHIP, DBA ARTISTS VILLAGE APARTMENTS
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Last modified
8/28/2020 8:54:13 AM
Creation date
8/28/2020 8:45:22 AM
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Contracts
Company Name
ADVANCED GROUP 09-97, A CALIFORNIA LIMITED PARTNERSHIP, DBA ARTISTS VILLAGE APARTMENTS
Contract #
A-2020-158-13
Agency
COMMUNITY DEVELOPMENT
Council Approval Date
8/4/2020
Destruction Year
2025
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Certification of Loss of Rent due to the Coronavirus (Exhibit B) <br />The City is required to verify your revenue loss or rent loss due to the Coronavirus to <br />confirm that the City's payment is necessary. Exhibit B of the template Agreement is <br />the following documentation to demonstrate that the landlord has experienced a loss of <br />rent due to the Coronavirus during this same period last year compared to this year. <br />This information should include the entire property. If you have multiple properties and <br />you are unable to accept payment on behalf of all of them, please list each property <br />separately and provide the name of the property at the top of each list. <br />Total rent payments received between January 1, 2019 to June 30, 2019: <br />$2 162 221 <br />Total rent payments received between January 1, 2020 to June 30, 2020. <br />$2 058 488 <br />• Difference in Revenue / Rent between 2019 to 2020: <br />$5 /,733>sk SEE NOTE <br />" NOTE: The difference in revenue is not only related to Coronavirus when comparing 2020 to <br />2019, because rent increases were issued during 2019 which raised the anticipated rental <br />income (which we call Scheduled Gross). In addition, the State of Emergency did not start until <br />about March 4, 2020 after most people had already paid their March rent, so 3 of the 6-month <br />period above does not reflect Coronavirus losses. <br />• Our 6-month Scheduled Gross for June, 2019 YTD was $2,222,405 <br />• Our 6-month Scheduled Gross for June, 2020 YTD was $2.329,222 <br />• Without Coronavirus, the rental income should have been $106,817 higher in 2020 than <br />2019. HOWEVER, Artists Village has had an extremely high vacancy in 2020: $96,107 <br />higher than the same period (Jan — June) in 2019. <br />This program is supported with Federal funding. According to Title 18, Section <br />1001 of the U.S. Code, it is a felony for any person to knowingly and willingly <br />make false or fraudulent statement to any department of the United States <br />Government. By providing my signature below, I certify under penalty of perjury, <br />that all the information on this application is correct to the best of my knowledge <br />and belief, and I acknowledge that such information is subject to verification, I <br />also acknowledge that my failure to provide necessary documents within a <br />reasonable period of time or falsification of this information shall be grounds for <br />my denial of assistance, and that I may be subject to prosecution under the law. I <br />authorize the release of said information to local, State and/or Federal agencies <br />and to City Santa Ana staff within five years of this date. <br />Landlord Name (Print): Vicki Binford Agent for Owner Date: 8/17/2020 <br />Landlord Signature: ` U�r, t, A�YY Date: _4b 20c2G <br />Coronavirus Emergency Rental Relief Fund for Landlords Page 15 <br />Application <br />
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