ANR HOMES INC. -2009 - Laserfiche WebLink

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INSURANCE NO PR~EED WORK MAY N~ CLERK OF COUNC~.~IGHBORHOOD STABILIZATION PROGRAM ,,~,~ SATE SUN 2 ~ 2GG9 GRANT SERVICES AGREEMENT -~. A-2009-035 This Agreement is executed by and between the City of Santa Ana, a charter city and municipal corporation organized and existing under the Constitution and laws of the State of Cal' ornia (hereinafter "City") and ANR Homes Inc., a California corporation ("Developer") as of , 2009. RECITALS: A. Title III of Division B of the Housing and Economic Recovery Act of 2008 (Pub. L 110- 289, 122 Stat. 2654 enacted July 30, 2009) makes available to certain qualified municipalities for certain qualified grant funds termed Neighborhood Stabilization Program ("NSP Funds") under a program termed the Neighborhood Stabilization Program (the "NSP"). .~ B. On January 15, 2009, the City was notified that its application under the NSP for NSP Funds was approved by the U.S. Department of Housing and Urban Development ("HUD") with funding allocated for acquisition and rehabilitation of the single family, condominium and historic components of the NSP in an amount not to exceed $2,715,636.00. C. The City has developed certain criteria and guidelines for implementation of its Neighborhood Stabilization Program for the NSP funds. The City has identified the Priority Area as illustrated in the map attached hereto as Exhibit A. D. The Acquisition and Rehabilitation -Single Family Homes Program will be implemented only in the NSP Priority Area. The Acquisition and Rehabilitation -Condominiums and Historic Homes Program will be implemented citywide. E. On January 30, 2009, the City released a Request for Proposals (the "RFP") soliciting proposals for implementation of the programs that the City will fund with NSP funds. F. Developer responded to said Request for Proposal and based on the rating of its proposal, the interview and reference calls, Developer is recommended for implementation of both the Single Family and Condominium and Historic Programs. Developer has experience, and has been acquiring, rehabilitating and selling foreclosed properties since 1995. G. The City intends for the NSP funds to be primarily used for acquisition of foreclosed properties and any expenses related to the acquisition and disposition of such properties, including developer fees. Only in special circumstances will the NSP funds be used for the rehabilitation costs associated with foreclosed properties. NOW THEREFORE, the parties agree as follows: