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Home My WebLink About2000-10-03; Housing & Redevelopment Commission; 328; Ext. of Agmt - Services for Tyler Court Apartments. AB# .:: 3’6 -4’ L _^_. _ TITLE. EXTENSION OF AN AGREEMENT WITH THE - ~&FAITH HOUSING ASSISTANCE CORPORATION MTG. !r,-3 -@ FOR MANAGEMENT AND MAINTENANCE SERVICES FOR THE TYLER COURT APARTMENTS. DEPT. HD@ CITY ATTY. 0% CITY MGR- HOUSING AND REDEVELOPMENT COMMISSION - AGENDA BILL tiulo I RECOMMENDED ACTION: That the Housing and Redevelopment Commission ADOPT Resolution No. z323zi-, AUTHORIZING the Executive Director to execute an Extension of the Management Agreement between the Carlsbad Redevelopment Agency and Interfaith Housing Assistance Corporation for the management and maintenance of the Tyler Court Apartments. ITEM EXPLANATION On September 30, 1999, the Carlsbad Redevelopment Agency (Agency) purchased the 75unit Tyler Court Senior Apartment Complex located at 3363 Tyler Street. The purchase of the property has resulted in providing permanent affordable housing for very low and extremely low income senior citizens in Carlsbad. Upon assuming ownership, the Housing and Redevelopment Commission authorized staff to enter into a Management Agreement with the Interfaith Housing Assistance Corporation (IHAC) for the day-to-day management and maintenance of Tyler Court. For the past year, IHAC has fulfilled their contractual obligations, and staff is very satisfied with their performance. Therefore, based upon a satisfactory review of IHAC’s past performance, staff is recommending that the Housing and Redevelopment Commission authorize an additional one-year extension of the agreement. FISCAL IMPACT The costs associated with the day-to-day management and maintenance for the Tyler Court Senior Apartments is estimated to be approximately $202,000 for the fiscal year 2000-2001. Of the $202,000, $27,000 is the management fee for IHAC while the remaining $175,000 is for the operation and maintenance of the property. The funding for these expenses will be provided through rent revenues generated by the leasing of the 75 senior units on a monthly basis. Based on current projections, it is estimated that rent revenues generated by the project will be approximately $346,000 per year. Therefore, it is not anticipated that any additional City or Redevelopment Agency funding will be required for continued operations of the subject property. EXHIBITS 1. Housing and Redevelopment Commission Resolution No. &‘<?, 4 , authorizing the Executive Director to extend an agreement for the services of Interfaith Housing Assistance Corporation for the Management and Maintenance of the Tyler Court Apartments. 2. Extension of Management Agreement between Interfaith Housing Assistance Corporation and the Carlsbad Redevelopment Agency for the Management and Maintenance of the Tyler Court Apartments. , . : : 4 e . E 7 & 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 RESOLUTION NO. 334 A RESOLUTION OF THE CITY OF CARLSBAD HOUSING AND REDEVELOPMENT COMMISSION AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE AN EXTENSION OF A MANAGEMENT AGREEMENT BETWEEN THE CARLSBAD REDEVELOPMENT AGENCY AND INTERFAITH HOUSING ASSISTANCE CORPORATION FOR THE MANAGEMENT AND MAINTENANCE OF THE TYLER COURT APARTMENTS. WHEREAS, the City of Carlsbad has a significant need for affordable housing throughout the community as set forth in both its Housing Element of the General Plan and the City’s federally- required Consolidated Plan; and WHEREAS, on September 30, 1999, the Redevelopment Agency of the City of Carlsbad purchased the Tyler Court Senior Apartment Complex for the purpose of providing permanent affordable housing for very low and extremely low income senior citizens in Carlsbad; and WHEREAS, on September 30, 1999 the Redevelopment Agency of the City of Carlsbad executed a Management Agreement with Interfaith Housing Assistance Corporation for the management and maintenance of the Tyler Court Senior Apartments; and WHEREAS, the Housing and Redevelopment Commission seeks to extend the Management Agreement with Interfaith Housing Assistance Corporation for the management and maintenance of the Tyler Court Senior‘Apartrnents. . NOW, THEREFORE, BE IT HEREBY RESOLVED by the Housing and Redevelopment Commission of the City of Carlsbad, California, as follows: 1. The above recitations are true and correct. 2. The Housing and Redevelopment Commission hereby authorizes the Executive Director of the Carlsbad Redevelopment Agency to execute an Extension to the Management Agreement to retain the services of Interfaith Housing Assistance Corporation for the management and maintenance of the Tyler Court Apartments, substantially in the form presented to the Commission and subject to prior approval by the City Attorney. . . . * . . . . . 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 3. The Housing and Redevelopment Commission hereby authorizes the Agency Executive Director to extend the Management Agreement for one additional one (1) year period or parts thereof, based upon a review of satisfactory performance and the City’s needs and subject to the approval by the City Attorney. PASSED, APPROVED, AND ADOPTED at a special meeting of the Housing and Redevelopment Commission of the City of Carlsbad, California, held on the third day of October, 2000, by the following vote, to wit: AYES: Council Members Lewis, Finnila, Nygaard and Kulchin NOES: None HRC RJZSO. NO. 334 PAGE 2 3 EXTENSION OF AGREEMENT The agreement dated September 28, 1999, and commencing on October 1, 1999, for exclusive management agent services of the development know as the Tyler Court Senior Apartments, consisting of 75 dwelling units and located at 3363 Tyler Street, Carlsbad, CA 92008, between the City of Carlsbad Redevelopment Agency, a Community Redevelopment Agency and Interfaith Housing Assistance Corporation, a California Nonprofit Public Benefit Corporation, is hereby extended for a period of one year ending on October 1,200l. All other provi&ons in the originat agreement shall rem& in full force and effect. All insurance policies to be maintained by Contractor &Ml be extended to include coverage for this e~&nsion period. CONTRACTOR: Interfaith HOW&~ Assistance Corporation A California N@n$Wuf# Corf30ration The City Of CarWed Red@&epment Agency, a Communily Redevelopment October 3, 2000 DATE (Proper notarial acknowledgment of execution by Contractor must be attached. Chairman, president or vice-president and secretary, assistant secretary, CFO or assistant treasurer must sign for corporations. Otherwise, the corporation must attach a resolution certified by the secretary or assistant secretary under corporate seal empowering the officer(s) signing to bind the corporation.) 1 O/l 6/95 State of California Q#n h,& County of ;t;, > ss. personally appeared before meQ~i(?tiL&&G., %!iii%~ki\ ,‘c ’ 4 \ \ h29L3 ‘h. ,\t* cc\obQ f , Name(s) of Signer( dpersonally known to me 0 proved to me on the basis of satisfactory evidence tgV PUblic - Califania to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) cted, executed the instrument. Place Notary Seal Above OPTIONAL Though the information below is not required by law, if may prove valuable to persons relying on the document and could prevent fraudulent removal and reattachment of this form to another document. Description of Attached D Title or Type of Document: c I) pbRrs_s d-WA- Document Date: Number of Pages: z Signer(s) Other Than Named Above: 0 Individual \ d Corporate Officer - Title(s): r 4 < Cl Partner - 0 Limited cl General q Attorney in Fact 0 Trustee 0 Guardian or Conservator 0 Other: Signer Is Representing: 0 1997 National Notary Association * 9350 De Soto Ave., P.O. Box 2402 * Chatsworth. CA 91313.2402 Prod No. 5907 Reorder Call Toll-Free 1-800-8766827