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Item 18 - Permanent Supportive Housing Project at 918 Bewley Street
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Item 18 - Permanent Supportive Housing Project at 918 Bewley Street
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10/8/2024 5:18:01 PM
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City Clerk
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Agenda Packet
Agency
Community Development
Item #
18
Date
10/15/2024
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(a)Terminate this Agreement by giving written notice to Grantee and seek <br />monetary damages for breach of the Agreement or restitution for the HHAP Grant. Upon written <br />notice of termination and demand from the City, Grantee shall repay to the City all or some <br />portion of the HHAP Grant proportionate to the scale and duration of the uncorrected <br />noncompliance relative to the term of the Regulatory Agreement, or, at City’s election, the total <br />amount of funds disbursed by the City for the HHAP Grant multiplied by the percentage of the <br />Project that has not been completed; provided, however, for an Event of Default described in <br />Section 15.1(c), Grantee shall automatically, and without notice or other action on City's part, <br />cause all such amounts to be immediately due and payable. <br />(b)In its own right or by a court-appointed receiver, take possession of the <br />Property, enter into contracts for and otherwise proceed with the completion of the construction <br />by expenditure of its own funds, and operate the Project in accordance with the Regulatory <br />Agreement. <br />(c)Exercise any of its rights under this Agreement, the Regulatory <br />Agreement, and any rights provided by law, including, without limitation, the right to seek <br />specific performance and the right to foreclose on any security and exercise any other rights with <br />respect to any security, inclusive of the Construction Security, all in such order and manner as <br />City elects in its sole and absolute discretion. <br />(d)Suspend or terminate the award of City funds if Grantee fails to comply <br />with any term of such award. <br />(e)Foreclose on the City Deed of Trust. <br />15.3 Cumulative Remedies: No Waiver. City's rights and remedies under the Grant <br />Documents are cumulative and in addition to all rights and remedies provided by law. The <br />exercise by City of any right or remedy shall not constitute a cure or waiver of any default, nor <br />invalidate any notice of default or any act done pursuant to any such notice, nor prejudice the <br />City in the exercise of any other right or remedy. No waiver of any default shall be implied <br />from any omission by City to take action on account of such default if such default persists or is <br />repeated. No waiver of any default shall affect any default other than the default expressly <br />waived, and any such waiver shall be operative only for the time and to the extent stated. No <br />waiver of any provision of any Grant Document shall be construed as a waiver of any <br />subsequent breach of the same provision. City's consent to or-approval of any act by Grantee <br />requiring further consent or approval shall not be deemed to waive or render unnecessary City's <br />consent to or approval of any subsequent act. The City's acceptance of the late performance of <br />any obligation shall not constitute a waiver by City of the right to require prompt performance <br />of all further obligations; City's acceptance of any performance following the sending or filing <br />of any notice of default shall not constitute a waiver of either party's right to proceed with the <br />exercise of its remedies for-any unfulfilled obligations; and City's acceptance of any partial <br />performance shall not constitute a waiver by City of any rights. <br />EXHIBIT 2
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