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CADIGAN SANTA CLARA, L.P.
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Last modified
10/29/2020 3:19:55 PM
Creation date
10/29/2020 3:19:01 PM
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Template:
Contracts
Company Name
CADIGAN SANTA CLARA, L.P.
Contract #
A-2020-158-30
Agency
Community Development
Council Approval Date
8/4/2020
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Certification of Loss of Rent due to the Coronavirus (Exhibit Ri <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 />• Property Name: Santa Clara Apartments <br />• Property Address: 20 00 E. Santa Clara Ave #1 Santa Ana Ca 92705 <br />• Tax ID for Payment: 46-0540122 <br />• Total rent payments received between January 1, 2019 to June 30, 2019: <br />$971,898.00 <br />• Total rent payments received between January 1, 2020 to June 30, 2020. <br />$974,020,00 <br />• Difference in Revenue / Rent between 2019 to 2020 (Subtract 2020 from 2019): <br />$2 122.00 *See Note <br />'Note: There was not a loss of rents when comparing 2020 to 2019, because rent increases were issued January <br />and February 2020 which raised the anticipated rental income (which we call Scheduled Gross Rent or SGR). In <br />addition, the State of Emergency did not start until after the first week of March when most residents had already <br />paid their March rent, so 3 of the 6-month period above does not reflect Coronavirus losses. <br />• Our 6-month collections for June 2018 YTD were $932,870.00 <br />• Our 6-month collections for June 2019 YTD were $971,898.00. Representing a growth of S39,028.00 from the <br />year prior. <br />• Our 6-month SGR for June 2020 YTD was $1.018,500.00, <br />• Without Coronavirus, the rental income should have been $46,602.00 higher than 2019, when it was only <br />$2,122.00 or an approximate loss of $44,480.00. <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 <br />�� of this date. <br />Landlord Name (Print): xrr,o Date: Oo - 22 - 2Z <br />Landlord Signature: Ent Date: Old-2_9_— 2a <br />Coronavirus Emergency Rental Relief Fund for Landlords <br />Application Page 14 <br />
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