HomeMy WebLinkAbout1977-07-05; Housing Authority; Resolution 871
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Resolution No. 87
A RESOLUTION OF THE HOUSING AUTHORITY OF THE
CITY OF CARLSBAD, CALIFORNIA, AUTHORIZING AN
AMENDMENT TO THE LEASE FOR THE TWENTY FAMILY
UNITS LOCATED AT 2541 JEFFERSON STREET
The Housing Authority of the City of Carlsbad does hereby
authorize and instruct the Secretary to execute the attached amend-
ment to the lease for the units located at 2541 Jefferson Street.
PASSED, APPROVED, AND ADOPTED at a regular meeting of the
Housing Authority of the City of Carlsbad held on the fifth
day of July , 197_7_, by the following vote, to wit:
AYES: Casler, Skotnicki, Packard, Lewis, and Frazee
NOES:
ABSENT:
ROBERT C. FRAZEE, Chairman
ATTEST:
ROBERT J. COLES, Secretary
S-E-A-L
FIRST AMENDMENT TO LEASE BETWEEN GENE BAKER DE LOACH
AND THE CARLSBAD HOUSING AUTHORITY FOR THE UNITS
LOCATED AT 2541 JEFFERSON STREET
THIS FIRST AMENDMENT TO LEASE is made this
day of . 19 , between Gene Baker De Loach (hereinafter
referred to as Owner), and the City of Carlsbad Housing Authority (herein-
after referred to as Authority)
RECITALS'.In accord with Authority Resolution No. , the Authority hereby
amends section 4 of the Lease to read as follows:
4. RENT PAYMENTS
A. Effective June 1, 1977, the rents will be
as follows:
Monthly Rent Total Monthly
Description No. of Units Per Unit Rent
2-Bdrm 10 $178.00 $1,780.00
4-Bdrm 10. 236.00 2,360.00
TOTAL 20 4,140.00
B. The rents will be adjusted annually, on June 1, •»
for the remaining period of the lease, using the
following formula: Fair Market Rent, as established
by HUD, as of date rental adjustment due, minus 5$
for Management Fees, minus Utilities Allowance as
per schedule in use on the date the rental adjust-
ment is due.
C. A special adjustment, subject to Authority
approval, may be made to reflect increases in
the actual and necessary expenses of owning and
maintaining the unit which have resulted from
substantial general increases in real property
taxes, utility rates or similar costs (i.e.,
assessments, and utlities not covered by
regulated rates), but only if and to the extent
that the Owner clearly demonstrates that such
general increases have caused increases in the
Owner's operating costs which are not adequately
compensated for by the annual adjustments provided
for in paragraph 4.B. The Owner shall submit
financial statements which clearly support the
increase. Such adjustment shall be effective as
of the date mutually agreed upon by the Authority
and Owner upon request by the Owner.
IN WITNESS WHEREOF, the parties have executed this First Amendment
to Lease at Carlsbad, California, the day and year first above written.
City of Carlsbad Housing Authority
Owner: By:
Gene Baker De Loach Robert J. Coles, Secretary
S-E-A-L