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F!Merza-St. , 923'N. Santiago; 300 E. Santa Ana Blvd., 326 3 Garnsey, 1030 S.'Mimic St., <br />1411-N. Durant. 817'Townsend, .605 Washington Ave., 1229 Wilshire, and 1202 Borchard <br />Santa Ana, CA, ( each individually a "Property"). <br />B. Impacted Tenants. Tenants residing at the Property who have lost j obs, had their work <br />hours reduced, or have experienced a loss of income due to the economic or health impacts of <br />COVID-19, and as a result have been unable to maintain their rent payments under their lease <br />agreements, and meet all requirements detailed in this Agreement ("Impacted Tenants"), are eligible <br />for rent assistance pursuant to said Program, as detailed on the Impacted Tenants List attached hereto <br />as Exhibit A and incorporated herein by reference. <br />C. Grant Funds. Pursuant to this Agreement, the City will pay Landlord a total amount <br />not to exceed $38,096.24 ("Grant Funds"), in total for all of the Properties combined, for rental relief <br />assistance for the Landlord's Impacted Tenants, as detailed in Exhibit A. <br />1. The Grant Funds will be disbursed directly to Landlord in a one-time <br />electronic payment from the City after the Landlord provides the City with <br />required W-9 and banking information to receive the disbursement of Grant <br />Funds. <br />2. Landlord acknowledges that the source of funding for said Program is the <br />federal CARES Act, considers the Grant Funds to be a necessary expense <br />incurred due to the COVID-19 public health emergency, and that the Grant <br />Funds meet the other requirements for the use of fund payments under section <br />601(d) of the Social Security Act, as outlined in the CARES Act. <br />3. The Grant Funds must be applied to the past due rent amounts of the Impacted <br />Tenants. No other use of said Grant Funds is allowed. <br />4. The Grant Funds utilized for said Program have been appropriated to the City <br />pursuant to the CARES Act, and any use of the Grant Funds by the Landlord <br />are subject to the rules and regulations of the CARES Act. Additionally, all <br />Grant Funds will be subject to the availability of CARES Act funding. <br />Accordingly, the City reserves the right to reduce the amount of Grant Funds <br />to Landlord, or to completely terminate this Agreement, in the City's sole <br />discretion, if there is a reduction in CARES Act Funds provided to the City. <br />5. Once the Grant Funds are paid by the City and received by the Landlord, the <br />Landlord shall provide a letter to each Impacted Tenant, with a copy to the <br />City, informing the Impacted Tenant that their rent owed since April 1, 2020, <br />has been paid by said Program. Additionally, financial records for each tenant <br />shall be sent by the Landlord to the City to verify that the rent arrears has been <br />paid for the Impacted Tenants. <br />2 <br />