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BLUE WATER ASSET MANAGEMENT LP, DBA TUSTIN VIEW
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BLUE WATER ASSET MANAGEMENT LP, DBA TUSTIN VIEW
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Last modified
12/7/2020 11:02:09 AM
Creation date
12/7/2020 11:00:59 AM
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Contracts
Company Name
BLUE WATER ASSET MANAGEMENT LP, DBA TUSTIN VIEW
Contract #
A-2020-158-49
Agency
Community Development
Council Approval Date
8/4/2020
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B. Confide dality. Without prejudice to any other provisions of this Agreement, <br />Landlord shall, where applicable, maintain the confidential nature of information provided to it <br />concerning Impacted Tenants, in accordance with the requirements of federal and state law. <br />However, Landlord shall submit to City all records requested. <br />C. City Review. City will review the information and documents provided by Landlord <br />to ensure that Grant Finds are used for authorized purposes in compliance with all laws, regulations, <br />and the provisions of this Agreement, including exhibits. Landlord shall provide adequate <br />cooperation to the City to permit the same to determine Landlord's conforn ity with the terms of this <br />Agreement. <br />D. Failure to Produce Documentation, Failure of Landlord to provide any oftherequired <br />documentation will cause City to withhold all or a portion of a request for Grant Funds, or return the <br />entire request to Landlord, until such documentation has been received and approved by City, <br />IV. LANDLORD OBLIGATIONS <br />A. Restrictions. As a condition of eceiving Grant Funds under said Program, Landlord <br />shall be subjcc[ to the following restri.c6ons: <br />1. Upon receipt of rental assistance Grant Funds from the City covering 80% of <br />the Impacted Tenants' past due rent since April 1, 2020, Landlord shall forgive <br />the remaining 20% of the rent owed (also referred to as "rent arrears", "rent <br />debt" and/or "back rent") by the hnpacted Tenants, as well as any late fees or <br />other assessments or penalties related to such back rent, from April 1, 2020 <br />through the effective date of this Agreement. <br />2. Landlord shall not charge or collect any late fee or other assessment orpenalty <br />from any hnpacted Tenant for the City's payment of rent arrears for the <br />hnpacted Tenant fronn April 1, 2020, and continuing for six (6) months from <br />the effective date of this Agreement. <br />3. Landlord shall not increase the rent on any Impacted Tenant for at least six (6) <br />months fi om the date of the Agreement. <br />4. Landlord shall not attempt to evict or commence eviction proceedings against <br />any Impacted Tenant for late or non-payment of rent for at least six (6) months <br />from the date of the Agreement. <br />In the event the a tenant listed on the "Impacted Tenant List" ( Exhibit A), has <br />received payment from the City of Santa Ana fi onn the Rental Relief prograun <br />for Tenants, I certify I will inform the City of Santa Ana and reirnburse the <br />duplicate payment back to the City of Santa Ana. <br />V. VIOLATION OF TERMS AND CONDITIONS <br />
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