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Home My WebLink About2001-10-02; Housing & Redevelopment Commission; 340; Maintenance Services Tyler Court ApartmentsI CITY OF CARLSBAD HOUSING AND REDEVELOPMENT COMMISSION -AGENDA BILL- AW 340 TITLE- SECOND EXTENSION OF AN AGREEMENT DEPT. HD. MTG. lo-a-o 1 iii%’ THE INTERFAITH HOUSING ASSISTANCE CORPORATION FOR MANAGEMENT AND CITY DEPT. H/RED MAINTENANCE SERVICES FOR THE TYLER COURT C,TYMGR APARTMENTS. I RECOMMENDED ACTION: That the Housing and Redevelopment Commission ADOPT Resolution No. wr- , AUTHORIZING the Executive Director to execute a Second 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 two years, IHAC has fulfilled their contractual obligations, and staff is 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. I FISCAL IMPACT The costs associated with the day-to-day management and maintenance for the Tyler Court Senior Apartments is estimated to be approximately $249,000 for the fiscal year 2001-2002. Of the $249,000, $29,700 is the management fee for IHAC while the remaining $220,000 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 $360,000 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. I EXHIBITS 1. Housing and Redevelopment Commission Resolution No. 3L\%- 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. 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 RJBOLUTION NO. 348 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, on October 3, 2000 the Housing and Redevelopment Commission extended the Management Agreement with Interfaith Housing Assistance Corporation for the management and maintenance of the Tyler Court Senior Apartments. 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 Apartments for an additional one year period. 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 1; 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 second day of October, 2001, by the following vote, to wit: AYES: Commissioners Lewis, Finnila, Nygaard NOES: None ABSENT: Commissioner Kulchin CLAUDE dc LEWIS; CHAl%&EI6~N- ” II HRC RJ3SO. NO. 348 PAGE 2 3 AMENDMENT NO. 2 TO EXTEND THE AGREEMENT FOR EXCLUSIVE MANAGEMENT AGENT SERVICES OF THE DEVELOPMENT KNOWN AS THE TYLER COURT SENIOR APARTMENTS, CONSISTING OF 75 DWELLING UNITS AND LOCATED AT 3363 TYLER STREET, CARLSBAD, CA, BETWEEN THE CITY OF CARLSBAD REDEVELOPMENT AGENCY, A COMMUNITY REDEVELOPMENT AGENCY AND INTERFAITH HOUSING ASSISTANCE CORPORATION, A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION This Amendment No. 2 is entered into and effective as of the 12th day of OCTOBER I 2OOL, extending the agreement dated September 28, 1999 (the “Agreement”) by and between the City of Carlsbad Redevelopment Agency, a Community Redevelopment Agency, a municipal corporation, (“Agency”), and Interfaith Housing Assistance Corporation, a California Nonprofit Public Benefit Corporation (“Agent”) (collectively, the “Parties”). RECITALS A. On October 3. 1999, the Parties executed Amendment No. 1 to the Agreement for exclusive management agent services of the development known as the Tyler Court Senior Apartments, consisting of 75 dwelling units and located at 3363 Tyler Street, Carlsbad; and B. The Parties desire to extend the Agreement for an additional period of one year, ending on October 1,2002; and NOW, THEREFORE, in consideration of these recitals and the mutual covenants contained herein, City and Agent agree as follows: 1. The Agreement, as may have been amended from time to time, is hereby extended for a period of one year ending on October 1,2002. 2. All other provisions of the Agreement, as may have been amended from time to time, shall remain in full force and effect. 3. All requisite insurance policies to be maintained by the Agent pursuant to the Agreement, as may have been amended from time to time, shall include coverage for this Amendment. City Attorney Approved Version #04.11 .Ol 1 4. The individuals executing this Amendment and the instruments referenced on behalf of Agent each represent and warrant that they have the legal power, right and actual authority to bind Agent to the terms and conditions hereof of this Amendment. AGENT Interfaith Housing Assistance Corporation A California Nonprofit Corporation The City Of Carlsbad Redevelopment Agency, a Community Redevelopment Agency Matthew B. Jumper President AI-TEST: If required by City, proper notarial acknowledgment of execution agent must be attached. If Corooration, Agreement must be signed by one corporate officer from each of the following two groups. *Group A. *Group B. Chairman, Secretary, President, or Assistant Secretary, Vice-President CFO or Assistant Treasurer 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. AS TO FORM: City Attorney Approved Version #04.11 .Ol 2 State of California ss. County of On personally appeared D$ersonally known to me 0 proved to me on the basis of satisfactory evidence Place Notary Seal Above to be the person&) whose name@) is/ape subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/Mr/tbelr authorized capacity(ies), and that by his/&r/ttaeir signature@) on the instrument the person(s), or the entity upon behalf of which the person@) acted, executed the instrument. OPTIONAL Though the information below is not required by law, it may prove valuable to persons relying on the document and could prevent fraudulent removal and reattachment of this form to another document. Description of Attachepument Title or Type of Document: \ t* Document Date: cee&e Number of Pages: 3 Signer(s) Other Than Named Above: Capacity(ies) Clai Signer’s Name: 0 Individual Ef Corporate Officer - Title(s): q Partner-C Limited Cl General Cl Attorney in Fact Cl Trustee Cl Guardian or Conservator 0 Other: Top of thumb here Signer Is Representing: 0 1997 National Notary Assoc~atm . 9350 De Soto Ave.. PO. Box 2402 * Chatsworth, CA 91313-2402 Prod. No 5907 Reorder Call Toll-Free 1-800-876-6827 Interfaith Housing Assistance Corporation 2130 4th Avenue l San Die o, California 92101 (619) 231-0288 l FAX P 619) 231-0289 z: -- 0 -” RESOLUTION WHEREAS: Interfaith Housing Assistance Corporation is a nonprofit corporation which has been selected by the staff of the City of Carlsbad Housing and Redevelopment Department to manage and maintain the 75-unit senior development known as Tyler Court Apartments located at 3363 Tyler Street, Carlsbad, CA 92008. NOW IT THEREFORE BE RESOLVED: The Board of Directors of Interfaith Housing Assistance Corporation hereby authorizes, Matthew B. Jumper, President, to negotiate, execute and implement a management agreement with the appropriate agency of the City of Carlsbad for the management of the Tyler Court Apartments. Be it further resolved that Matthew B. Jumper is authorized to negotiate, execute and implement all other necessary contractual agreements with the appropriate agency of the City of Carlsbad for the purpose of completing the Tyler Court Apartments management transaction. PASSED AND ADOPTED at the Board of Directors meeting of Interfaith Housing Assistance Corporation this dL3 ,& day of 5 Lz#zhk& CE by the Board of Directors. . - I/( &A BIP- f Officer of th&oard OSfi$p/u c? RpM5Ey Printed Name and Title