HomeMy WebLinkAboutORANGE HOUSING DEVELOPMENT CORPORATION AND C & C DEVELOPMENT - 2010
INSURANCE MQI ON FILE
WORK MAY oor PROCEED
CLERK OF COUNCIL
nATE: l-I-ze-ID
~'\
A-2010-050
FIRST AMENDMENT TO
NEIGHBORHOOD STABILIZATION PROGRAM
GRANT SERVICES AGREEMENT WITH
ORANGE HOUSING DEVELOPMENT CORPORATION
AND C&C DEVELOPMENT
cl:
~
U
This Amendment 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
California (hereinafter "City") and Orange Housing Development Corporation ("OHDC"), a
non-profit 501 (c) (3) organization, and C&C Development, a Limited Liability Company
("Developer") as of March l, 2010.
4::cd
-,-, <::3'
i::!.__
~ /-
~
-<;{.~
J' J
.. . ~
U
RECITALS:
A. City and Developer entered into the Neighborhood Stabilization Program Grant Services
Agreement (said "Agreement") on ~ba' 2&', 2009 for Developer to assist City
with the acquisition and rehabilitation of rental components of the Neighborhood
Stabilization Program (NSP).
B. The parties now desire to amend said Agreement to include terms related to additional
funding generated by program income.
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
First Amendment to Agreement, the parties agree as follows:
1. Each party hereto agrees that Section 700 of said Agreement, shall be amended to include the
following additional term:
708. Program Income. Developer acknowledges that the funds being provided by City
for said program are received by City pursuant to the NSP Program criteria and guidelines as
amended and that expenditures of these funds shall be in accordance with the NSP criteria and
guidelines and all pertinent regulations issued by agencies of the federal government, including, but
not limited to, all regulations found at Title 24 of the Code of Federal Regulations.
When the City receives repayment from sales of the Properties, such funds are "Program
Income". Program Income received by the City will be used for NSP activities. Program Income
and reallocated funds identified for the rental component will be added to the Agreement with
Developer. Developer agrees to comply fully with all federal, state, and local laws applicable to its
operation whether or not referred to in this Agreement.
IN WITNESS WHEREOF, the parties hereto have executed this First Amendment to
Agreement on the date and year first written above.
ATTEST:
CITY OF SANTA ANA
~ ~ AJ . ~/jVY-
MARIA D. HUIZAR
Clerk of the Council
~
'fJ~~
DAVIDN. . AM
City Manager
APPROVED AS TO FORM:
JOSEPH W. FLETCHER
City Attorney
I
~: ( ~-
By: LISA E. STORCK
Assistant City Attorney
DEVELOPER:
By: ORANGE HOUSING DEVELOPMENT CORPORATION
a California nonprofit public benefit corporation, its sole member
By:
~~~-
Eunice Bobert, its Chief Executive Officer
C&C Development
a California limited liability company
By:
Todd R. Cottle, its member
By: Cottle Family Trust Dated 3/8/87,
By:
c~