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A-2011-221 ORK W P- " J / 1 l 7_01 THIRD AMENDMENT TO AGREEMENT BETWEEN THE CITY OF SANTA ANA AND OLIVE CREST FOR THE USE OF HOMELESSNESS PREVENTION AND RAPID REHOUSING GRANT FUNDS THIS THIRD AMENDMENT TO AGREEMENT is entered into on the 161h day of August 2011, by and between Olive Crest, a California non-profit corporation ("Subrecipient") and the City of Santa Ana, a charter city and municipal corporation organized and existing under the Constitution and laws of the State of California ("City"). RECITALS: A. The parties entered into that certain Agreement Between the City of Santa Ana and Olive Crest for Use of Homelessness Prevention and Rapid Rehousing Grant Funds (Program Year 2009-10), dated September 30, 2009, (hereinafter "said Agreement") by which Subrecipient has been providing support to the homeless youth or those who are at risk for homelessness. B. On � 2011, said Agreement was amended to decrease services and funding for this n expenditure rates and projections as to whether each grantee could Subrecipient based o e p p � meet the HPRP statutory requirement that grantees expend 60% of its award funds within 2 years of the date that the U.S. Department of Housing and Urban Development ("HUD") signed the grant agreement. C. The City's HPRP program requires that grantee's expend 100% of its award funds by June 20, 2012. HUD may recapture and reallocate unused HPRP funds if grantee cannot meet this requirement. D. Based upon current expenditure rates and projections as to whether each grantee can meet this requirement, the parties hereto have agreed to this amendment to decrease services and Homelessness Prevention and Rapid Re -Housing grant funds. WHEREFORE, in consideration of the covenants contained in said Agreement, and subject to all the terms and conditions of said Agreement, except those amended in this Third Amendment to Agreement, the parties agree as follows: 1. The Budget that is referenced in the Agreement as "Exhibit B" shall be amended and replaced with a revised Exhibit B due to this Amendment. 2. Section VI, A. "Agreement Amount" shall be reduced by $70,000, due to the reduced services. $15,000 will be returned from the Homelessness Prevention grant and $55,000 will be returned from the Rapid Re -Housing grant. 3. Except as hereinabove amended, all terms and conditions of said Agreement shall remain in full force and effect.