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HomeMy WebLinkAbout09 FAMILY PROMISE OF ORANGE COUNTY DDA - 1941 EL CAMINO REALr1't� O F AGENDA REPORT MEETING DATE: FEBRUARY 18, 2020 Agenda Item 9 Reviewed: City Manager Finance Director TO: MATTHEW S. WEST, CITY MANAGER & HOUSING AUTHORITY EXECUTIVE DIRECTOR FROM: TUSTIN HOUSING AUTHORITY SUBJECT: DISPOSITION AND DEVELOPMENT AGREEMENT WITH FAMILY PROMISE OF ORANGE COUNTY, INC. FOR 1941 EL CAMINO REAL SUMMARY Request for approval to enter into a Disposition and Development Agreement (DDA) between the City of Tustin (City), Tustin Housing Authority (Housing Authority) and Family Promise of Orange County, Inc. (Family Promise) for 1941 EI Camino Real. In partnership with HomeAid Orange County, Family Promise will build seven (7) units to provide transitional housing for homeless families. RECOMMENDATION Authorize the City Manager and Housing Authority Executive Director to execute the DDA between the City, Housing Authority and Family Promise of Orange County, Inc., subject to any non -substantive modifications as may be deemed necessary and/or recommended by the City Attorney and approved by the City Manager/Executive Director. FISCAL IMPACT Upon fulfillment of the DDA terms, the City will be conveying the property to Family Promise under the terms of a 30 -year forgivable Promissory Note. While 1941 EI Camino Real carries a value of $320,000 on the City's financial statements, the City will order an appraisal three months prior to conveyance to obtain an opinion of value for the property. The value of the Promissory Note will be based on the appraisal. CORRELATION TO THE STRATEGIC PLAN The DDA fosters a strong relationship with Family Promise of Orange County, Inc. and HomeAid Orange County and provides leadership within the region by creating transitional housing opportunities for homeless families, aligning with Goal D: Strong Community and Regional Relationships. Agenda Report February 18, 2020 Page 2 BACKGROUND In November 2018, the City entered into an Exclusive Negotiation Agreement with Family Promise of Orange County (Family Promise) for the disposition of City property at 1941 EI Camino Real in order to develop transitional housing for homeless families. During the negotiations, Family Promise secured a commitment from HomeAid Orange County to partner in fundraising and building the transitional housing. Family Promise's initial concept of building a large house with 7 to 9 bedrooms for families has evolved to the House of Ruth, a 7 -unit apartment development with a resource center and office. The House of Ruth will be comprised of the following units: four (4) 2 -bedroom units; two (2) 3 - bedroom units; and one (1) 1 -bedroom unit, along with a resource center/office and laundry room. Family Promise will provide families with short-term transitional housing of three to six months while providing weekly case management. As part of the case management, families will receive career & workforce development, individual and family therapy, budgeting, financial literacy and credit repair services. In addition, families will be connected to the County of Orange's Coordinated Entry system and will receive referrals to other social services. As Family Promise moves homeless families into the House of Ruth, preference will be given to families with ties to Tustin. Family Promise is required to expend fifteen (15) days trying to fill a unit with a family with ties to Tustin prior to moving a family without ties to Tustin (non -Tustin) into the House of Ruth. If there is one vacant unit when all the other units are filled with non - Tustin families, Family Promise will expend thirty (30) days trying to fill the unit with a Tustin family prior to filling it with a non -Tustin family. Finally, if every unit is filled with non -Tustin families at the time Tustin families become homeless, Family Promise has committed to give preference to these families at their other transitional housing units within their network. Typically, when the City enters into a DDA with a Developer, the Developer has lined up the financing and is receiving simultaneous approval for entitlements and their site plan. Family Promise cannot begin raising funds until they have an executed agreement to show to their prospective donors. In order to expedite the project and allow the Operator to begin raising funds for the project, staff are recommending the Council approve the attached DDA. Upon DDA approval, the Schedule of Performance (Schedule) is eighteen months and it outlines the time frame in which Family Promise will be raising construction and operational funds, submitting plans, seeking entitlements and site plan approvals, submitting an updated construction budget, submitting construction drawings, and becoming permit ready. The Schedule also requires Family Promise to provide quarterly reports to staff on the status of their fundraising. Once Family Promise has demonstrated their financial capacity to both construct and operate the House of Ruth, and have met the other conditions of the Schedule, the property will be conveyed and construction is to commence within two months. Family Promise will complete construction within twenty-four months. Agenda Report February 18, 2020 Page 3 The DDA and the disposition of the Site for affordable housing is categorically exempt from the California Environmental Quality Act pursuant to Title 14, California Code of Regulations, sections 15332. "Joh Buchanan Jerry Craig Ditdctor of Economic Development Deputy Direc r of usirie s Services & Tustin Housing Authority Housing r Tusti"ousing Authority Attachment: Disposition and Development Agreement By and Between the City of Tustin/Tustin Housing Authority and Family Promise of Orange County, Inc. DISPOSITION AND DEVELOPMENT AGREEMENT BY AND BETWEEN CITY OF TUSTIN / TUSTIN HOUSING AUTHORITY AND FAMILY PROMISE OF ORANGE COUNTY, INC. [SITE: 1941 El Camino Real, Tustin, CA 92780] 1470132.1 TABLE OF CONTENTS Page 1. DEFINITIONS....................................................................................................................2 2. DISPOSITION OF THE SITE............................................................................................ 6 2.1 Conveyance of the Site............................................................................................ 6 2.2 Fundraising/Financing.............................................................................................6 2.3 Agreement to Purchase and Sell; Purchase Price....................................................6 2.4 Opening of Escrow..................................................................................................7 2.5 Costs of Escrow....................................................................................................... 7 2.6 Escrow Instructions.................................................................................................7 2.7 Authority of Escrow Agent..................................................................................... 7 2.8 Closing Procedure................................................................................................... 8 2.9 Outside Closing Date...............................................................................................9 2.10 Termination.............................................................................................................9 2.11 Review of Title........................................................................................................9 2.12 Title Insurance.......................................................................................................10 2.13 Deliver of Site "As Is, With All Faults"................................................................11 2.14 Hazardous Materials Indemnification and Release...............................................11 3. CONDITIONS TO CLOSING AND REPRESENTATIONS WARRANTIES ...............12 3.1 City's Conditions Precedent to Closing................................................................12 3.2 Operator's Conditions of Closing..........................................................................14 3.3 City's Representations and Warranties.................................................................14 3.4 Operator's Representations and Warranties..........................................................15 3.5 Continuing Representations and Warranties.........................................................16 4. SCOPE OF DEVELOPMENT AND ASSOCIATED PROVISIONS..............................16 4.1 Scope of Project.....................................................................................................16 4.2 Design Review......................................................................................................17 4.3 Land Use Approvals..............................................................................................17 4.4 Schedule of Performance; Progress Reports.........................................................18 4.5 Cost of Construction..............................................................................................18 4.6 Insurance...............................................................................................................19 4.7 Waiver of Subrogation..........................................................................................19 4.8 Scope of Insurance.................................................................................................20 4.9 Obligation to Repair and Restore Damage Due to Casualty.................................20 4.10 Operator's Indemnity............................................................................................20 4.11 Rights of Access.................................................................................................... 21 4.12 Compliance with Laws..........................................................................................22 4.13 Nondiscrimination in Employment.......................................................................22 4.14 Taxes and Assessments.........................................................................................23 4.15 Liens......................................................................................................................23 4.16 Certificates of Completion and Project Covenant Period.....................................23 4.17 Further Assurances................................................................................................23 4.18 Financing of the Project........................................................................................23 4.19 Assignment of Project Plans..................................................................................26 1 1470132.1 5. COVENANTS AND RESTRICTIONS............................................................................26 5.1 Site and Housing Requirements............................................................................26 5.2 Site and Housing Requirements............................................................................26 5.3 Maintenance of Site...............................................................................................27 5.4 Nondiscrimination Covenants...............................................................................27 5.5 Enforcement of Covenants by the City.................................................................28 6. DEFAULTS, REMEDIES, AND TERMINATION.........................................................28 6.2 Institution of Legal Actions...................................................................................29 6.3 Termination by the Operator Prior to Conveyance...............................................29 6.4 Termination by the City Prior to Conveyance.......................................................29 6.5 Right of Reversion, and Repurchase of Site Upon Default after Conveyance...... 30 6.6 Rights and Remedies Are Cumulative..................................................................32 6.7 Inaction Not a Waiver of Default.......................................................................... 32 6.8 Forced Delay; Extension of Times of Performance.............................................. 32 7. TRANSFERS OR ASSIGNMENTS.................................................................................32 7.1 Prohibition on Transfers or Assignments..............................................................32 7.2 Permitted Transfers...............................................................................................33 7.3 Assignment by City/Authority..............................................................................34 S. MISCELLANEOUS..........................................................................................................34 8.1 Obligations Unconditional and Independent.........................................................34 8.2 Notices...................................................................................................................34 8.3 No Third-Party Beneficiaries................................................................................35 8.4 Counterparts..........................................................................................................35 8.5 Venue.....................................................................................................................35 8.6 Severability of Provisions..................................................................................... 36 8.7 Headings................................................................................................................36 8.8 Conflicts................................................................................................................36 8.9 Interpretation......................................................................................................... 36 8.10 No Waiver.............................................................................................................36 8.11 Modifications.........................................................................................................36 8.12 Legal Advice.........................................................................................................36 8.13 Time of the Essence.............................................................................................. 37 8.14 Warranty against Payment of Consideration......................................................... 37 8.15 Successors and Assigns.........................................................................................37 8.16 City Approvals and Actions.................................................................................. 37 8.17 Real Estate Brokers...............................................................................................37 8.18 Attorneys' Fees......................................................................................................37 8.19 Applicable Law.....................................................................................................37 8.20 Non-Liability of Officials and Employees of the City.......................................... 38 8.21 Relationship Between the City and Operator........................................................38 8.22 Computation of Time............................................................................................38 8.23 Cooperation...........................................................................................................38 8.24 Entire Agreement..................................................................................................38 8.25 Not a Development Agreement.............................................................................38 8.26 Memorandum of Agreement................................................................................. 39 ii 1470132.1 ATTACHMENT NO. 1 ATTACHMENT NO. 2 ATTACHMENT NO. 3 ATTACHMENT NO. 4 ATTACHMENT NO. 5 ATTACHMENTS Legal Description Site Map Grant Deed Promissory Note Deed of Trust ATTACHMENT NO. 6 Certificate of Completion ATTACHMENT NO. 7 Declaration of Covenants and Restrictions ATTACHMENT NO. 8 ATTACHMENT NO. 9 ATTACHMENT NO. 10 ATTACHMENT NO. 11 ATTACHMENT NO. 12 ATTACHMENT NO. 13 ATTACHMENT NO. 14 1470132.1 Schedule of Performance Hazardous Materials Definition Memorandum of Disposition and Development Agreement Certificate of Project Covenant Period Preliminary Site Plan Cost Breakdown for Project Placement Criteria U DISPOSITION AND DEVELOPMENT AGREEMENT FOR SHORT-TERM TRANSITIONAL HOUSING (1941 El Camino Real) This DISPOSITION AND DEVELOPMENT AGREEMENT ("Agreement") for short-term transitional housing is entered into for reference purposes only this day of , 2020, by and between the CITY OF TUSTIN, a municipal corporation ("Tustin"), the TUSTIN HOUSING AUTHORITY, a local housing authority ("Authority"), and FAMILY PROMISE OF ORANGE COUNTY, INC., a California non-profit corporation ("Operator"). RECITALS A. The trend of homelessness in Orange County is currently on the rise, which for families is often due to the high cost of housing in the County, and Tustin, its residents and the community at large, have been and will continue to be directly impacted by issues created by a growing homeless population and thus, for the health, safety, and welfare of the community, Tustin continually seeks solutions to mitigate the many and varied issues raised by homeless families and the high cost of housing within Tustin. B. The Authority is Tustin's local housing authority organized and acting pursuant to the Housing Authorities Law, Part 2 of Division 24 of the California Health and Safety Code, §§ 34200 et seq., the purpose of which is to provide safe and sanitary housing opportunities for Tustin residents. C. Tustin owns certain vacant real property at 1941 El Camino Real, City of Tustin, County of Orange, designated as Assessor's Parcel Number 500-071-12, consisting of approximately 16,550 square feet (the "Site"). A legal description and map of the Site are attached hereto and incorporated herein, respectively, as Attachment No. 1 and Attachment No. 2. D. Tustin and the Authority (hereinafter, collectively and individually, the "City") are authorized to enter into agreements for the development, improvement, or preservation of short-term transitional housing. E. Operator has made a proposal to develop the Site for short-term transitional housing for qualified families with children, with preference given to those with ties to Tustin and Tustin will contribute the Site for development under the terms and conditions set forth in this Agreement. F. Operator has proposed to develop the Site in conjunction with Shelter Providers of Orange County, Inc., dba HomeAid Orange County, Inc. ("HomeAid"), a developer experienced in the management and supervision of construction, development, and operation of short term transitional housing in Southern California. G. To further the goal of developing and transferring the Site, the City and Operator entered into an "Exclusive Negotiating Agreement," dated as of November 6, 2018, which 1 1470132.1 provides for the parties to negotiate towards a Disposition and Development Agreement and a Development Agreement, and the parties having elected to proceed with this Disposition and Development Agreement before the Development Agreement to facilitate Operator's raising of funds. H. The intent of this Agreement is to provide for the transfer of the Site to Operator subject to a promissory note and an unsubordinated first deed of trust, where the promissory note, which may not be pre -paid, shall be forgiven over a 30 -year period, but there shall be imposed upon Operator mandatory compliance over 55 -year period with a Declaration of Covenants and Restrictions ("Declaration of Covenants"). I. The Declaration of Covenants shall require, among other things, preference for those using the short-term transitional housing having direct ties to the City; the Project (as defined herein) shall not be used as an emergency shelter for the homeless; one member of each family residing at the Proj ect shall either have regular and continuing employment or be actively seeking employment; each family shall pay a program fee, which may be a percentage of their income each month, but in no event shall the program fee and any rent, if charged for a unit, combine to exceed thirty percent (30%) of the Qualified Family's Gross Income as each is defined in the Declaration of Covenants and Restrictions. Each Qualified Family will be required to place twenty percent (20%) of their disposable income into a savings account; and Operator shall provide case management, computer and Internet services, counseling, financial literacy, educational assessment, and life skill classes to the participant families. The Declaration of Covenants imposed upon Operator are material to this Agreement and but for these undertakings by Operator, the City would not have entered into this Agreement. J. The City's transfer of the Site to Operator and the development of the Project, including the Improvements (as defined herein), as provided for in this Agreement, is in the vital and best interest of the City and the health, safety and welfare of its residents, and in accord with the public purposes and provisions of applicable state and local laws. K. This Agreement and the disposition of the Site and development of the Project for short-term transitional housing is exempt from the California Environmental Quality Act pursuant to Title 14, California Code of Regulations, sections 15194 and 15195. AGREEMENT NOW, THEREFORE, for and in consideration of the mutual promises, covenants, and conditions herein contained, the Parties hereto agree as follows: i, DEFINITIONS As used in this Agreement, the following capitalized terms shall have the following meanings: "Actual Knowledge" is defined in Section 3.3 of this Agreement. "Agreement" means this Disposition and Development Agreement between the City and Operator, including the Attachments to this Agreement, which are all made part of and incorporated into this Agreement. 2 1470132.1 "Certificate of Completion" means the document which evidences the Operator's satisfactory completion of the Improvements, including the issuance of a Certificate of Occupancy by the City, and other conditions set forth in this Agreement, which shall be in the form of Attachment No. 6 to this Agreement. "Certificate of Project Covenant Period" means the Certificate of Project Covenant Period substantially in the form of Attachment No. 11 hereto, which shall set forth and establish the Covenant Period. "City" means, individually and collectively, as applicable the City of Tustin, a municipal corporation ("Tustin") and the Tustin Housing Authority, a local housing authority ("Authority"). "City Indemnitees" is defined in Section 2.13 of this Agreement. "City's Conditions Precedent" is defined in Section 3.1 of this Agreement. "Closing" is defined in Section 2.9 of this Agreement and means the Closing for the City's Conveyance of the Site to the Operator. "Closing Date" is defined in Section 2.9 of this Agreement and means the date the Grant Deed (Attachment No. 3) is recorded. "Condition of Title" is defined in Section 2.11 of this Agreement "Conditions Precedent" means those conditions precedent for the Closing of both the City and Operator set forth in Sections 3.1 and 3.2 of this Agreement. "Conveyance" means the conveyance of the Site by recordation of the Grant Deed. "Covenant Period" means the period commencing upon the date the Certificate of Occupancy is issued by the City for the Project and ending fifty-five (55) years thereafter, which covenant period shall be evidenced and conclusively established by the Certificate of Project Covenant Period (Attachment No. 11). "Date of Agreement" means the date that all signatories have signed and executed this Agreement. "Declaration of Covenants" means the Declaration of Covenants and Restrictions, which is Attachment No. 7 to this Agreement to be recorded as an encumbrance to the Site running with the land. "Deed of Trust" means the Deed of Trust and Assignment of Rents, substantially in the form of Attachment No. 5 hereto, which is incorporated herein, which shall be secured by the Promissory Note. 3 1470132.1 "Default" means the failure of a Party to perform any action or covenant required within the time period provided by this Agreement, following any notice and opportunity to cure allowed, and as further defined in Section 6.1 of this Agreement. "Director" means the Executive Director of the Authority, or his or her designee. "Escrow" is defined in Section 2.4 of this Agreement. "Escrow Agent" is defined in Section 2.4 of this Agreement. "Grant Deed" means a fully executed and recordable grant deed in substantially the form of Attachment No. 3 to this Agreement. "Governmental Requirements" means all laws, ordinances, statutes, codes, rules, regulations, orders and decrees of the United States, the State, the County of Orange, the City, and any other political subdivision in which the Site is located, and of any other political subdivision, agency or instrumentality exercising jurisdiction over the City, the Operator, or the Site. "Hazardous Materials" means any flammable items, explosives, radioactive materials, hazardous or toxic substances, material or waste or related materials, including any substances defined as or included in the definition of "hazardous substances", "hazardous wastes", "hazardous materials" or "toxic substances" now or subsequently regulated under any applicable federal, State or local laws or regulations, including without limitation petroleum-based products, paints, solvents, lead, cyanide, DDT, printing inks, acids, pesticides, ammonia compounds and other chemical products, asbestos, PCBs and similar compounds, and including any different products and materials which are subsequently found to have adverse effects on the environment or the health and safety of persons, including, but limited to those materials, and substances defined in Attachment No. 9, which is incorporated herein. "HomeAid" means Shelter Providers of Orange County, Inc., dba HomeAid Orange County, Inc. "Improvements" means all the improvements built or placed on the Site required under and by this Agreement for the development of the Project, including the Development Agreement, or any future such improvements to the Project. "Memorandum of Disposition and Development Agreement" means Memorandum of Disposition and Development Agreement substantially in the form of Attachment No. 10 to this Agreement. "Notice" means a notice in the form prescribed by Section 8.2 of this Agreement. "Operator" means Family Promise of Orange County, Inc., a California non-profit corporation, and any authorized transferee or assignee. 4 1470132.1 "Operator's Conditions Precedent" is defined in Section 3.2 of this Agreement. "Outside Closing Date" means the date on which the Closing shall occur, as defined and set forth in Section 2.9 of this Agreement. "Party" means either the City or Operator, as applicable, and "Parties" means collectively the City and Operator, including their respective permitted successors and assigns. "Person" means an individual, partnership, limited partnership, trust, estate, association, corporation, limited liability company, joint venture, firm, joint stock company, unincorporated association, Governmental Authority, governmental agency or other entity, domestic or foreign. "Project" means the Site and all associated Improvements built upon the Site that are required by this Agreement so that Operator may operate the Site in conformity with this Agreement, Deed of Trust, and Declaration of Covenants, including, but not limited to, any related offsite improvements, all recreational and common area improvements, any resource center, residential units, landscaping, parking and related improvements, as the same may from time to time exist on the Site. "Project Documents" means, collectively and individually, this Agreement, Declaration of Covenants, Deed of Trust, Promissory Note, all other Attachments to this Agreement, and any other agreement, document, or instrument that are required in connection with the execution of this Agreement, or from time to time to effectuate the purposes of this Agreement, including the Project Plans. "Project Plans" is defined in Section 4.19 of this Agreement. "Promissory Note" means the Promissory Note substantially in the form of Attachment No. 4 to this Agreement. "Purchase Price" is defined in Section 2.3 of this Agreement. "Schedule of Performance" means the Schedule of Performance attached hereto as Attachment No. 8, setting out the dates and time periods by which certain conditions and obligations set forth in this Agreement must be accomplished. "Site" means that real property legally described on Attachment 1 and depicted on Attachment 2. "State" means the State of California. "Title Company" is defined in Section 2.11 of this Agreement. "Title Policy" is defined in Section 2.12 of this Agreement. "Title Report" means the preliminary title report, as described in Section 2.11 hereof. 1470132.1 "Year" means the period commencing as of the Certificate of Completion and ending each succeeding calendar year thereafter during the Covenant Period. 2. DISPOSITION OF THE SITE 2.1 Conveyance of the Site. Subject to the satisfaction of those conditions set forth in Section 3 of this Agreement, including all the City's Conditions Precedent, the City is prepared to convey the Site to the Operator in consideration of the performance by Operator of all terms and conditions of this Agreement. On terms and conditions as may be further detailed and provided for herein, the City shall convey to Operator title to the Site "AS IS, WITH ALL FAULTS," free and clear of any and all encumbrances, liens, leases, easements, and other exceptions, but for those approved Exceptions as defined and set forth in Section 2.11 of this Agreement. 2.2 Fundraising/Financing. The Parties acknowledge that Operator does not currently have sufficient funds on hand to pay the costs for developing the Site with the Improvements or operating the Project. As material consideration for the City entering into this Agreement, the Operator shall immediately initiate fundraising and financing efforts, and eventually establish to the sole satisfaction of the Director, that it has such funds to construct the Improvements and operate the Project on an on- going basis for the Covenant Period. Within the time set forth in the Schedule of Performance (Attachment No. 8), Operator shall provide Director evidence of financing in accordance with Section 4.18 hereof, establishing that it has the financing to construct the Improvements and provide for the ongoing operations of the Project. If Operator has not provided such written evidence of financing to the sole satisfaction of the Director within the time set forth in the Schedule of Performance, then this Agreement shall, unless extended by mutual agreement of the Parties, be terminated by its own terms and no further action is required by either Party, except for such provisions that shall survive this Agreement. 2.3 Agreement to Purchase and Sell; Purchase Price. Operator agrees to purchase the Site from the City and the City agrees to sell the Site to Operator, in accordance with and subject to all the terms, covenants, and conditions of this Agreement. The Purchase Price for the Site shall be set equal to the fair market value of the Site as determined by an appraisal performed by a state -certified appraiser selected by the City ("Purchase Price"), which appraisal shall be completed by the City pursuant to the Schedule of Performance attached hereto. Operator shall deposit into Escrow the fully executed original of the Promissory Note, substantially in the form of Attachment No. 4 hereto, for the Purchase Price. Operator's obligation to pay the amounts required and/or perform services pursuant to the Promissory Note shall be secured by the recordation of an unsubordinated first Deed of Trust, substantially in the 6 1470132.1 form of Attachment No. 5 hereto. The Promissory Note's principal amount shall accrue interest at the rate of three percent (3%) per annum, compounded annually, and become due and payable at the Maturity Date as defined in the Note. However, the Promissory Note shall be forgiven by the City at a rate of 1/30 per Year on the accrued principal, and the interest thereon on such 1/30, until the end of the Maturity Date if and only if Operator has been in substantial compliance with the Project Documents for the entire Year for each Year to be forgiven, including, but not limited to, the Declaration of Covenants. Unless an amount remains due and owing under the Promissory Note at the end of the Maturity Date, the City shall cancel the Promissory Note and the City shall record a full reconveyance for the Site to Operator, but such reconveyance shall in no manner be deemed to alter, amend, or effect in any manner the Declaration of Covenants. 2.4 Opening of Escrow. No later than sixty (60) days before the Outside Closing Date, or as the Parties may otherwise mutually agree, the City shall open escrow ("Escrow") with First American Title Insurance Company in its Orange County office or with another escrow company mutually satisfactory to both Parties (the "Escrow Agent"). 2.5 Costs of Escrow. The City and the Operator shall each pay its respective share of the premium for the Title Policy as set forth in Section 2.12 hereof, the City shall pay the documentary transfer taxes due with respect to the Conveyance of the Site, if any, and the Parties shall each pay one-half of all other usual fees, charges, and costs which arise from Escrow. 2.6 Escrow Instructions. This Agreement constitutes the joint escrow instructions of the City and Operator, and Escrow Agent to whom these instructions are delivered is hereby empowered to act under this Agreement. The Parties hereto agree to execute and deliver such documents (in recordable form as required), pay or deposit such funds, do all such acts consistent with their respective obligations hereunder as may be reasonably necessary for Closing in the shortest possible time and in any event, on or before the Outside Closing Date. If in the opinion of Escrow Agent or either Party it is necessary or convenient to accomplish the Closing of this transaction, such Party may require that the Parties sign supplemental escrow instructions; provided that if there is any inconsistency between this Agreement and the supplemental escrow instructions, then the provisions of this Agreement shall control. The Parties agree to execute such other and further documents as may be reasonably necessary, helpful, or appropriate to effectuate the provisions of this Agreement and accomplish the Closing. Escrow Agent is instructed to release the City's and Operator's escrow closing statements to both Parties. 2.7 Authority of Escrow Agent. 7 1470132.1 Escrow Agent is authorized to, and shall: (a) Pay and charge the City and Operator for their respective shares of the premium of the Title Policies, any endorsements thereto and any amount necessary to place title in the Condition of Title as provided for in this Agreement. (b) Pay and charge the City and Operator each for one-half of any escrow fees, charges, and costs payable in accordance with this Agreement. (c) Disburse funds, deliver the Promissory Note to the City, and deliver and record the Grant Deed, the Deed of Trust, Declaration of Covenants, and record and deliver all other Attachments to this Agreement. (d) Do such other actions as necessary, including, without limitation, obtaining the Title Policy, to fulfill its obligations set forth in this Agreement and to close the transaction contemplated hereby. (e) Within the discretion of Escrow Agent, direct the City and Operator to execute and deliver any instrument, affidavit, and statement, and to perform any act reasonably necessary to comply with the provisions of FIRPTA and any similar state act and regulation promulgated thereunder. (f) Prepare and file with all appropriate governmental or taxing authorities a uniform settlement statement, closing statement, tax withholding forms including an IRS 1099-5 form, and be responsible for withholding taxes, if any such forms are provided for or required by law. 2.8 Closing Procedure. After satisfaction of the Conditions Precedent to Closing set forth in Section 3 hereof, including after Operator has provided the Director with evidence of financing in accordance with Section 4.18 and has obtained all land use approvals for the Improvements and the Project, the City and Operator shall cause the "Closing" for the Site by the recording of the following documents, in the following order: (a) Record the Grant Deed; (b) Record the Deed of Trust; (c) Record the Declaration of Covenants; (d) Deliver to the City the Promissory Note; (e) Deliver and record any loan or financing documents as may be requested by the Operator or its construction lender (if applicable) and approved by the City; 8 1470132.1 (f) Instruct the Title Company to deliver the owner's Title Policy to the Operator; (g) Deliver the FIR -PTA Certificate, if any, to the Operator; (h) Forward to both the Operator and the City a separate accounting of all funds received and disbursed for each Party and copies of all executed and recorded or filed documents deposited into Escrow, with such recording and filing date and information endorsed thereon; and (i) Deliver, prepare, file and/or record such other instruments, if any, as shall be approved by Director as necessary or convenient to effectuate and implement the transfer of the Site, or development of the Improvements. 2.9 Outside Closing Date. In no event, however, shall the Closing occur later than eighteen months (18) after the Date of Agreement (the "Outside Closing Date"). The "Outside Closing Date," however, may be extended in writing at the sole discretion of each Party for three (3) months upon Notice to the other Party solely for the purpose of accomplish the events as listed in Section 2.8 (a) -(i) herein. The "Closing" shall mean the time and day the latest of the following events to occur: the recording with the County Recorder of the Grant Deed, Deed of Trust, or Declaration of Covenants. The "Closing Date" shall mean the day on which the Closing occurs. 2.10 Termination. If the Site is not in a condition for Closing on the Outside Closing Date, meaning that each Party is ready, able and willing to meet their respective Conditions Precedent as set forth in Section 3, then either Party which is not then in Default (and has not received Notice of a potential Default hereunder which has not been cured) may, in writing give Notice to the Escrow Agent, demanding the return of its money, documents, or property and termination of the Escrow for the Site. If either Party makes a written demand for the return of its money, documents, or properties, the Escrow shall not terminate until ten (10) business days after Escrow Agent shall have delivered copies of such demand to the other Party at its address shown in this Agreement. If any objections are raised within this ten (10) day period by the receiving Party, Escrow Agent is authorized to hold all funds, documents, and property until instructed by a court of competent jurisdiction or by mutual written instructions of the Parties. Termination of the Escrow shall be without prejudice as to whatever legal rights either Party may have against the other as set forth in this Agreement. If no demands are made, the Escrow Agent shall proceed with the Closing as soon as possible. 2.11 Review of Title. Within the time set forth in the Schedule of Performance, the Operator shall cause Title Insurance Company or another title company mutually agreeable to both Parties (the "Title 9 1470132.1 Company"), to obtain and deliver to the City a preliminary title report (the "Title Report") with respect to the title to the Site, together with legible copies of the documents underlying the exceptions ("Exceptions") set forth in the Title Report. The Operator shall have the sole and absolute right to approve or disapprove the Exceptions; provided, however, that the Operator hereby approves the following Exceptions: (a) the lien of any non -delinquent property taxes and assessments (to be prorated as of the Closing Date); (b) the provisions set forth in the Grant Deed, Deed of Trust, and the Declaration of Covenants; and (c) the approved title Exceptions and such other Exceptions to title as may hereafter be mutually approved by the City and Operator. Concurrently with the delivery of the Title Report to the City, Operator shall give written Notice to the City and Escrow Agent of the Operator's approval or disapproval of any of such Exceptions set forth in the Title Report, within its reasonable discretion and within the time limits as set forth in the Schedule of Performance attached hereto. Operator's failure to provide Notice of its approval of the Title Report within such time limit shall be deemed disapproval of the Title Report. If the Operator delivers Notice to the City of its disapproval of any Exceptions in the Title Report, the City shall have the right, but not the obligation, to elect to remove any disapproved Exceptions within thirty (30) days after receiving written Notice of the Operator's disapproval or to deliver Notice to the Operator providing assurances satisfactory to the Operator within said time period that such Exception(s) will be removed on or before the Closing. If the City cannot or does not elect to remove any of the disapproved Exceptions within the period allotted, the Operator shall have fifteen (15) days after the expiration of such thirty (30) day period to either give the City written Notice that the Operator elects to proceed with the purchase of the Site subject to the disapproved Exceptions or to give the City written Notice that the Operator elects to terminate this Agreement and the Operator's failure to give timely written Notice shall be deemed as an election to terminate this Agreement. Fee simple merchantable title subject only to the Exceptions to title approved by the Operator as provided herein shall hereinafter be referred to as the "Condition of Title." The Operator shall have the right to approve or disapprove any further Exceptions reported by the Title Company after the Operator has approved the Condition of Title for the Site, which are not created by the Operator and such approval, shall be an additional Operator's Conditions Precedent of Closing. The City shall not voluntarily create any new exceptions to title following the Date of Agreement. 2.12 Title Insurance. Concurrently with recordation of the Grant Deed conveying title to the Site, the Title Company shall issue to the Operator, at the Operator's election, a CLTA, or an ALTA owner's 10 1470132.1 policy of title insurance (the "Title Policy"), together with such endorsements as are reasonably requested by the Operator, insuring that the title to the Site is vested in the Operator in the Condition of Title approved by the Operator as provided in this Agreement. The Title Company shall provide the City with a copy of the Title Policy. The City shall pay the portion of the premium for the Title Policy equal to the cost of a CLTA standard policy of title insurance in the amount of the Purchase Price, and the Operator shall pay for any additional costs thereof, including the incremental additional cost of obtaining an ALTA policy, any endorsements to the title policy, and the cost of any survey which is performed. 2.13 Deliver of Site "As Is, With All Faults". Operator acknowledges that the City is unfamiliar with the condition of the Site and agrees that the City is under no obligation hereunder to perform any tests, studies or other investigation of the Site prior to the Closing. The City shall provide Operator with any documentation that may be reasonably available to the Director relating to the Hazardous Materials at the Site. The Parties acknowledge that Operator will be conducting due diligence on the Site, including testing for Hazardous Materials, and Operator shall, therefore, provide the City with any documentation relating to Hazardous Materials at the Site, including any reports and investigations prepared as part of this Agreement. The physical condition of the Site is and shall be delivered from City to Operator in an "AS IS, WITH ALL FAULTS" condition, with no warranty expressed or implied by the City, including without limitation, the presence of Hazardous Materials or the condition of the soil, its geology, the presence of known or unknown seismic faults, or the suitability of the Site for the Project intended hereunder. The Operator hereby waives, releases and discharges forever the City, and its employees, officers, agents, volunteers and representatives (hereafter collectively, the "City Indemnitees"), from all present and future claims, demands, suits, legal and administrative proceedings and from all liability for damages, losses, costs, liabilities, fees and expenses, present and future, arising out of or in any way connected with the City, or the Operator's use, maintenance, ownership or operation of the Site, any Hazardous Materials on the Site, or the existence of Hazardous Materials in any state on the Site, however they came to be placed there, except that arising out of the negligence or misconduct of the City Indemnitees. The Operator acknowledges that it is aware of and familiar with the provisions of Section 1542 of the California Civil Code which provides as follows: "A general release does not extend to claims that the creditor or releasing party does not know or suspect to exist in his or her favor at the time of executing the release and that, if known by him or her, would have materially affected his or her settlement with the debtor or released party." As such relates to this Section 2.13, the Operator hereby waives and relinquishes all rights and benefits which it may have under Section 1542 of the California Civil Code. 2.14 Hazardous Materials Indemnification and Release. 11 1470132.1 Following the Closing Date, Operator agrees to indemnify, defend and hold harmless the City Indemnitees from and against any claim, action, suit, proceeding, damage, liability, deficiency, fine, penalty, or punitive damage (including, without limitation, reasonable attorneys' fees), resulting from, arising out of, or based upon (i) the release, use, generation, discharge, storage or disposal of any Hazardous Materials on, under, in or about, or the transportation of any such Hazardous Materials to or from, the Site which occurs after the Closing Date and is not caused by the City Indemnitees, or (ii) the violation, or alleged violation by anyone other than the City Indemnitees of any statute, ordinance, order, rule, regulation, permit, judgment or license relating to the use, generation, release, discharge, storage, disposal or transportation of Hazardous Materials on, under, in or about, to or from, the Site which occurs after the Closing Date and is not caused by the City Indemnitees. At the request of the Operator, the City and Authority shall cooperate with and assist the Operator in its defense of any such claim, action, suit, proceeding, loss, cost, damage, liability, deficiency, fine, penalty, punitive damage, or expense; provided that the City and Authority shall not be obligated to incur any expense in connection with such cooperation or assistance. 3. CONDITIONS TO CLOSING AND REPRESENTATIONS WARRANTIES The Closing of the Conveyance of the Site is conditioned upon the satisfaction, or written waiver by the benefited Party or Parties, in its or their sole and absolute discretion, of the following terms and conditions within the times designated below: 3.1 City's Conditions Precedent to Closing. The City's obligation to proceed with the Closing of the Conveyance of the Site is subject to the fulfillment or waiver by the City of each and all of the conditions precedent (a) through 0), inclusive, described below (the "City's Conditions Precedent"), which are solely for the benefit of the City, and which shall be fulfilled or waived by the time periods provided for herein: (a) No Default. At the Closing, the Operator shall not be in material Default in any of its obligations set forth in this Agreement and all representations and warranties of Operator contained herein shall be true and correct in all material respects. (b) Execution of Documents. The Operator shall have executed the Grant Deed, the Promissory Note, the Deed of Trust, and the Declaration of Covenants, and any other documents required to be executed by the Operator hereunder, and have delivered such documents into Escrow. (c) Evidence of Financing. Within the time set forth in the Schedule of Performance, Operator shall have provided written proof acceptable to the Director that the Operator has sufficient funds and/or has obtained a loan or financing, subject to customary conditions for both the construction of the Improvements and on-going operation of the Project and the Director, in his or her sole discretion, has approved in writing at the Closing such evidence of financing as outlined under Sections 2.2 and 12 1470132.1 4.18 of this Agreement. In the event Operator obtains a loan or financing for the construction of the Improvements, such construction loan or financing for the Improvements shall be ready to close, and shall be immediately available for use in constructing the Improvements. On the Closing Date, Operator represents and warrants in writing that the financing plan and information presented and as approved by the Director has not materially changed in any manner, form, or amount. (d) Payment of Funds. Prior to the Closing of Escrow, the Operator shall have deposited into Escrow all costs of Closing that are the Operator's responsibility in accordance with this Agreement. (e) Land Use Approvals. The Operator shall have received all land use approvals, permits and other entitlements, including a Development Agreement, that are required for the Project and the Improvements on the Site pursuant to this Agreement and there shall be no litigation pending which challenges such land use approvals, permits or other entitlements, or the validity of this Agreement. (f) Insurance. The Director shall have received satisfactory insurance certificates and endorsements that all insurance required by Section 4.6 is in full force and effect. (g) Performance and Completion Bonds. Operator shall obtain performance and completion bonds to the satisfaction of the Director to ensure performance and completion of all Improvements required under this Agreement. All bonds shall be issued by good and solvent sureties qualified to do business in California and shall have a rating of A or better in the most recent edition of Best's Key Rating Guide. (h) Planning Commission Approval. The City's Planning Commission shall have made a finding that the disposition of the Site is in conformance with the City's General Plan in accordance with Government Code section 65402. (i) All representations and warranties made, or documents submitted by Operator pursuant to this Agreement required for Closing are true and correct to the best of Operator's knowledge as of the Closing. 0) Operator represents and warrants as of Closing that (i) it is in good active standing under the laws of the State of California and in compliance with any and all applicable governmental laws, rules and regulations under federal law and the State of California; (ii) Operator has all the requisite power and authority to proceed with the Closing and those persons executing any documents have the legal power, right and actual authority to bind Operator to the terms and conditions in this Agreement; (iii) the Estimated Development Costs accurately sets forth the costs of construction of the Project; (iv) Operator continues to have the necessary expertise, experience and qualifications to operate the Project; (v) the consummation the transactions provided herein will not violate any provision of law, any order of any court or other government entity or conflict or result in the breach of any terms, conditions, or provisions thereof, 13 1470132.1 or constitute a default under any bond, note or other evidence of indebtedness or any contract, indenture, mortgage, deed of trust, lease, partnership agreement, or other agreements, and (vi) Operator has the equity capital to complete the construction of the Project and there are no contingent obligations, or any legal proceedings pending or threatened that may materially affect its ability to do so. (k) Operator shall have obtained the requisite insurance as required under Section 4.6 of this Agreement, which shall be in full force and effective as of the Closing Date. All conditions set forth in this Section 3.1 are for the City's benefit only and the Director may waive all or any part of such rights by written Notice to Operator. If the Director shall, within the applicable periods set forth herein, disapprove of any of the items which are subject to the Director's approval, or if any of the conditions set forth in this Agreement are not met within the times called for including those deadlines set forth in Schedule of Performance, the City may thereafter terminate this Agreement without any further liability on the part of the City by giving n Notice of termination to the Operator. 3.2 Operator's Conditions of Closing. Operator's obligation to proceed with the purchase of the Site is subject to the fulfillment or waiver by Operator of each and all of the conditions precedent (a) through (e), inclusive, described below (the "Operator's Conditions Precedent"), which are solely for the benefit of Operator, and which shall be fulfilled or waived by the time periods provided for herein: (a) No Default. At the Closing, the City shall not be in material Default in any of its obligations set forth in this Agreement and all representations and warranties of the City contained herein shall be true and correct in all material respects. (b) Execution of Documents. The City shall have executed the Grant Deed and Declaration of Covenants for the Site and Project, and any other documents required to be executed by the City hereunder, and has delivered such documents into Escrow. (c) Land Use Approvals. The Operator shall have received all land use approvals, permits and other entitlements that are required for the Project and the Improvements on the Site pursuant to this Agreement and there shall be no litigation pending which challenges such land use approvals, permits or other entitlements, or the validity of this Agreement. (d) Condition of Site. Operator shall have approved the physical condition of the Site pursuant to Section 2.13 of this Agreement. (e) Title Policy. Operator shall have approved the Condition of Title and The Title Company is unconditionally committed to issue to Operator an owner's Title Policy for the Site in accordance with this Agreement. 3.3 City's Representations and Warranties. 14 1470132.1 The City represents and warrants to the Operator as follows: (a) Authority to Perform. Tustin is a public body, corporate and politic, and has full right, power and lawful authority to convey the Site as provided herein, and the execution, performance and delivery of this Agreement by the City has been fully authorized by all requisite actions on the part of the City. (b) FIRPTA. The City is not a "foreign person" within the parameters of FIRPTA or any similar state statute, or is exempt from the provisions of FIRPTA or any similar state statute, or the City has complied and will comply with all the requirements under FIRPTA or any similar state statute. (c) No Conflict. The City's execution, delivery and performance of its obligations set forth in this Agreement will not constitute a default or a breach under any contract, agreement or order to which the City is a party or by which it is bound. (d) Condition of the Site. To its Actual Knowledge, the City is not aware of and neither the City has received any notice or communication from any government agency having jurisdiction over the Site notifying the City of the presence of surface or subsurface zone Hazardous Materials in, on, or under the Site, or any portion thereof. (e) No Litigation. To the City's Actual Knowledge, there is no threatened or pending litigation against the City challenging the validity of this Agreement or any of the actions proposed to be undertaken by the City or Operator pursuant to this Agreement (including without limitation any of the existing or proposed land use entitlements, permits or approvals). "Actual Knowledge," as used in this Section 3.3, shall not impose a duty of investigation, and shall be limited to the best knowledge of the City Manager and Director. 3.4 Operator's Representations and Warranties. As a material inducement for City entering into this Agreement, Operator represents and warrants to the City, in addition to those set forth in Section 3. 1, which are incorporated herein, as follows: (a) Experience. Operator is experienced in serving the homeless and low- income families with housing and other associated services and HomeAid is an experienced developer of short-term transitional housing and developments. (b) Authority. Operator is a duly organized corporation formed within and in good standing under the laws of the State of California. Operator has all requisite authority to execute and perform its obligations under the Project Documents. The execution and delivery by Operator of, and the performance by Operator of its obligations under each Project Document has been authorized by all necessary action 15 1470132.1 and do not and will not violate any provision of, or require any consent or approval not heretofore obtained under, any articles of incorporation, by-laws or other governing document applicable to Operator. As such, Operator has lawful authority to purchase and accept Conveyance of the Site and undertake all obligations as provided herein and the execution, performance and delivery of this Agreement. (c) No Conflict. Operator's execution, delivery and performance of its obligations set forth in this Agreement will not constitute a default or a breach under any contract, agreement or order to which Operator is a party or by which it is bound. (d) No Operator Bankruptcy. Family Promise is not the subject of a current or threatened bankruptcy proceeding. (e) Covenant Not to Transfer. Except for as provided by this Agreement, the Operator has not encumbered, sold, assigned, leased, or otherwise transferred or conveyed all or any part of the Site, unless Operator has first obtained the prior written consent of the City, and such covenant shall continue until termination of this Agreement and the Declaration of Covenants. 3.5 Continuing Representations and Warranties. Until Closing has occurred, the City or Operator shall, upon learning of any fact or condition which would cause any of the applicable warranties and representations in Sections 3.1, 3.3 and 3.4 of this Agreement not to be true as of the Closing, immediately give Notice to the other Party of such fact or condition. So long as the representations and warranties contained herein were true as of the Date of Agreement, a change of facts or conditions that renders any such representation or warranty to no longer be true at a later date shall not be deemed a Default by the Party hereunder if the Party did not take any affirmative action to cause such representation or warranty to no longer be true, and in such event the changed fact or condition shall constitute an Exception which the other Party shall have a right to approve or disapprove if such Party determines in its sole and absolute discretion that such Exception would have an effect on the value and/or development of the Site or on-going operations of the Project. If a Party elects to proceed with the Closing following a disclosure of such Exception(s), such representations and warranties contained herein shall be deemed to have been made as of the Closing subject to such Exception(s). If, following the disclosure of such Exception(s), a Party elects not to proceed with Closing then this Agreement and the Escrow may be terminated by such Party as set forth in Section 6 hereof. The representations and warranties set forth in this Section 3.5 shall survive the Closing. 4. SCOPE OF DEVELOPMENT AND ASSOCIATED PROVISIONS 4.1 Scope of Project. Subject to all the other terms and conditions set forth in this Agreement, Operator shall develop or cause the Project and its Improvements in accordance with the City's Municipal 16 1470132.1 Code, and the plans, drawings, and documents submitted by the Operator and approved by the City as set forth herein. The Project and Improvements shall generally consist of the following: The Site shall be developed as a short-term transitional housing program consisting of up to seven (7) units plus a community resource center to include office space for use by Family Promise's case management staff. 4.2 Design Review. (a) Operator Submissions. Before commencement of construction of the Improvements or other works of improvement upon the Site, the Operator shall submit to the City any plans and drawings (collectively, the "Design Project Drawings") which may be required by the City with respect to any permits and entitlements required to develop the Improvements. Operator, on or prior to the date set forth in the Schedule of Performance, (Attachment No. 8) shall submit to the City such plans for the Improvements as required by the City in order for Operator to obtain building permits for the Improvements. Operator has submitted to the City a preliminary site plan for the Project graphically depicting the overall plan for the development of the Project, a copy of which is attached hereto as Attachment No 12. (b) City Review and Approval. The City shall have all rights to review and approve or disapprove all Design Project Drawings and other required submittals in accordance with the City Municipal Code and for consistency with the surrounding properties within the neighborhood, and nothing set forth in this Agreement shall be construed to constitute the City's approval of any or all of the Design Project Drawings or to limit or affect the City's review and right to approve, approve subject to conditions, or disapprove Design Project Drawings, plans, drawings, applications, or submittals. (c) Revisions. Any and all revisions required by the City and its inspectors under the City Municipal Code and under other applicable laws and regulations shall be included by the Operator in its Design Project Drawings and other required submittals and shall be completed during the construction of the Improvements. (d) Defects in Plans. The City shall not be responsible either to the Operator or to third parties in any way for any defects in the Design Project Drawings, nor for any structural or other defects in any work done according to the approved Design Project Drawings, nor for any delays reasonably caused by the review and approval processes established by this Section. 4.3 Land Use Approvals. Before commencement of construction of the Improvements upon the Site, the Operator shall, at its own expense, secure or cause to be secured any and all land use, development and building entitlements, permits and approvals which may be required for the Improvements by the City or any other governmental agency with jurisdiction over such construction or work. The City shall cooperate with and assist the Operator in obtaining such entitlements, permits and approvals, including, without limitation, signing any applications for such entitlements, permits, and approvals as a co -applicant with the Operator; provided, however, that this 17 1470132.1 Agreement does not constitute the granting of such entitlements, permits and approvals. The Operator shall, without limitation, apply for and exercise commercially reasonable efforts to secure the following, to the extent required by the City, and the Operator shall pay all normal costs, charges and fees associated therewith: (a) General Plan Amendment and zoning change for the Site, if required. (b) Site Plan. (c) All other discretionary entitlements, permits, and approvals required by the City, County, and other governmental agencies with jurisdiction over the Improvements. (d) Any environmental studies and documents required pursuant to the California Environmental Quality Act ("CEQA"), Public Resources Code Section 21000, et seq., with respect to any of the discretionary entitlements, permits, and approvals referred to in clauses (a) -(e), inclusive. (e) All ministerial entitlements, permits, and approvals that may be required, including, without limitation and to the extent applicable, a final tract map (if required), rough and precise grading permit(s), and approval of final building plans and permits, utility plans, public works improvement plans for the perimeter offsite improvements and any encroachment permits required for work to be performed within the public right- of-way, and landscaping plans. 4.4 Schedule of Performance; Progress ss Reports. The Operator shall submit all Design Project Drawings, commence and complete all construction of the Improvements, and satisfy all other obligations and conditions of this Agreement within the times established in this Agreement. Construction of the Improvements shall be commenced on or before the time established in the Schedule of Performance. Once construction is commenced, it shall continuously and diligently be pursued to completion and shall not be abandoned for more than fifteen (15) days except when due to causes beyond the control and without the fault of Operator. During the course of construction and prior to issuance of the Certificate of Completion, Operator shall provide timely reports of the progress of construction when requested by the Director. Operator shall complete construction of all of the Improvements on the Site as specified in the Schedule of Performance, and no later than twenty- four (24) months after the Closing Date. However, the 24 -month construction period may be extended upon written agreement of both Parties, and in any event, Operator shall have the unilateral right to extend the 24 -month period for six (6) months upon Notice to the City. 4.5 Cost of Construction. The cost of planning, designing, developing, and constructing the Improvements to completion shall be borne solely by the Operator. All fees imposed by any governmental entity in connection with the Site, the Project, or Improvements shall be borne by Operator and shall be paid when due by Operator. 18 1470132.1 4.6 Insurance. Without limiting the City's rights to indemnification and any insurance that may be required by the Deed of Trust, unless otherwise stated, commencing as of the Closing Date and continuing through the Covenant Period, Operator shall maintain at Operator's sole expense, with insurers authorized to do business in the State of California with a current A.M. Best's rating of no less than A-, VII and reasonably approved by the Director, the following policies of insurance in form and substance reasonably satisfactory to the Director: (a) Workers' Compensation Insurance. Workers' compensation insurance and any other insurance required by law in connection with construction of the Improvements, or during the Covenant Period, for all other work performed on the Site or in connection with the ongoing operations of the Project. (b) Builder's Risk Insurance. Upon commencement of construction of the Improvements through execution of a Certificate of Completion, builder's risk -all risk insurance covering 100% of the replacement cost of all Improvements (including offsite and the materials) during the course of construction in the event of fire, lightning, windstorm, vandalism, earthquake, malicious mischief and all other risks normally covered by "all risk" coverage policies in the area where the Site is located (including loss by flood if the Site is in an area designated as subject to the danger of flood). (c) Fire/Hazard Insurance. Following execution of the Certificate of Completion, fire and hazard "all risk" insurance covering 100% of the replacement cost of the Improvements, including any code upgrades, in the event of fire, lightning, windstorm, vandalism, malicious mischief and all other risks normally covered by "all risk" coverage policies in the area where the Site is located (including loss by flood if the Site is in an area designated as subject to the danger of flood). (d) Liability Insurance. Public liability or comprehensive general liability insurance written on an occurrence basis in amounts reasonably required by the Director from time to time, and in the type of and in the amounts as follows: (a) comprehensive general liability and personal injury with limits of at least One Million Dollars ($1,000,000); (b) comprehensive automobile liability, including owned, non -owned and hired autos, with limits of at least Two Million Dollars ($2,000,000) combined single limit per occurrence; and (c) Sexual Misconduct and Molestation Liability insurance in an amount of not less than $5,000,000 per claim, which may be written on a claims made basis. (e) Other Insurance. All other insurance and in amounts as reasonably required by the Director from time to time. 4.7 Waiver of Subro _ ag tion. Operator hereby waives all rights to recover against the City and its respective officers, employees, agents and representatives for any loss incurred by Operator from any cause insured 19 1470132.1 against or required by any of the Project Documents to be insured against; provided, however, that this waiver of subrogation shall not be effective with respect to any insurance policy if any coverage would be materially reduced or impaired as a result. All insurance policies and obligations provided for herein by this Agreement, and each renewal or replacement thereof, by endorsement approved by an authorized representative of the underwriter, shall contain a waiver of subrogation against the City, and its council members, officers, employees, attorneys and agents. 4.8 Scope of Insurance. Whichever is greater, all insurance policies and obligations under this Agreement shall be (1) all the insurance coverage and/or limits carried by or available to Operator; or (2) the minimum insurance coverage requirements and/or limits shown in this Agreement. Any insurance proceeds in excess of or broader than the minimum required coverage and/or minimum required limits, which are applicable to a given loss, shall be available to the City. No representation is made that the minimum insurance requirements of this Agreement are sufficient to cover the obligations of the Operator under this Agreement. The City reserves the right throughout termination of this Agreement, to review and make reasonable changes in the amount and type of insurance coverage as the City reasonably deems necessary in connection with this Agreement; provided the City provides to Operator reasonable prior written notice of such change. As well as a waiver of subrogation rights as provided in Section 4.7, all insurance policies and obligations under this Agreement shall contain endorsements as follows: (a) designate "the City of Tustin and its respective elected and appointed officials, agents, representatives, and employees" as additional insureds on the commercial general liability policies; and (b) the commercial general liability insurance coverage shall be primary, and not contribute with any insurance or self-insurance maintained by the City. 4.9 Obligation to Repair and Restore Damage Due to Casualty. If the Improvements on the Site shall be totally or partially destroyed or rendered wholly or partly uninhabitable by fire or other casualty required to be insured against by Operator, Operator shall promptly proceed to obtain insurance proceeds and take all steps necessary to begin reconstruction and, immediately upon receipt of insurance proceeds, to promptly and diligently commence the repair or replacement of the Improvements to substantially the same condition as the Improvements are required to be constructed pursuant to this Agreement, whether or not the insurance proceeds are sufficient to cover the actual cost of repair, replacement, or restoration. Operator shall complete the same as soon as possible thereafter so that the Improvements can be occupied as a short-term transitional housing project in accordance with this Agreement. In no event shall the repair, replacement, or restoration period exceed nine (9) months from the date Operator obtains insurance proceeds unless the Director, in his or her sole and absolute discretion, approves a longer period. The City shall cooperate with Operator, at no expense to City, in obtaining any governmental permits required for the repair, replacement, or restoration of the Improvements. 4.10 Operator's Indemnity. (a) General Indemnity Provisions. Operator shall defend (by counsel satisfactory to City), indemnify and save and hold harmless the City Indemnitees from 20 1470132.1 and against all claims, damages, demands, actions, losses, liabilities, costs and expenses (including, without limitation, attorneys' fees and court costs) arising from or relating to: (i) a claim, demand or cause of action that any Person has or asserts against Operator arising out of this Agreement; (ii) any act or omission of Operator, any contractor, subcontractor or material supplier, engineer, architect or other person retained by Operator with respect to the Site, including construction of the Project, the Improvements and/or operations at the Site; (iii) from and against any taxes, assessments, mechanic's liens, claims of materialmen and suppliers, or other claims by private parties in connection with activities undertaken by the Operator on the Site; or (iv) Operator's ownership, occupancy or use of the Site and Improvements thereon, including the construction of the Improvements and development of or on-going operations of the Project. Notwithstanding the foregoing, Operator shall not be obligated to indemnify the City Indemnitees with respect to the consequences of any act of active negligence or willful misconduct of the City Indemnitees. Operator's obligations under this Section 4.10 shall survive the issuance of the Certificate of Completion and termination of this Agreement, and are in addition to and do not limit the obligations of the Operator under the Deed of Trust and Declaration of Covenants. (b) Fees and Costs. The Operator shall reimburse the City, as applicable, immediately upon written demand for all costs reasonably incurred by the City (including the reasonable fees and expenses of attorneys, accountants, appraisers and other consultants, whether the same are independent contractors or employees of the City) in connection with the enforcement of the Project Documents and all related matters including the following: (i) the City's commencement of, appearance in, or defense of any action or proceeding purporting to affect the rights or obligations of the Parties to any of the Project Documents, and (ii) all claims, demands, causes of action, liabilities, losses, commissions and other costs against which the City Indemnitees are indemnified under the Project Documents. Such reimbursement obligations shall survive the issuance of the Certificate of Completion and termination of this Agreement. (c) Commissions. The Operator shall indemnify the City from any real estate commissions or brokerage fees which may arise from this Agreement or the Site. The Operator represents that it has engaged no broker, agent, or finder in connection with this transaction, and the Operator agrees to indemnify, defend and hold the City harmless from any claim by any broker, agent or finder in connection with this Agreement, the activities by the Operator, or the Site. 4.11 Rights of Access. Prior to the issuance of the Certificate of Completion and during the Covenant Period, for purposes of assuring compliance with this Agreement, representatives of the City shall have the right of access to the Site, without charges or fees, during normal business hours during the period of construction for the purposes of this Agreement, including, but not limited to, inspection of the work being performed in constructing the Improvements so long as such representatives comply with all safety rules. Such representatives shall, except in emergency situations, provide reasonable Notice to the Operator prior to exercising its rights pursuant to this Section. 21 1470132.1 4.12 Compliance with Laws. (a) General Provisions. Operator shall carry out the design, construction and operation of the Improvements and Project in conformity with all applicable laws, including all applicable state labor standards (including payment of prevailing wages if not exempted), the City zoning and development standards, building, plumbing, mechanical and electrical codes, and all other provisions of the City Municipal Code, and the Fair Housing Act, 42 U.S.C. Section 3601 et seq. (and 24 C.F.R. Part 100), the Americans With Disabilities Act, 42 U.S.C. Section 12101, et seq., Government Code Section 11135, et seq., and the Unruh Civil Rights Act, Civil Code Section 51, et seq. (b) Public Works Requirements. Notwithstanding anything to the contrary in this Agreement, if applicable, Operator and its contractors and subcontractors shall pay prevailing wages and employ apprentices in compliance with Health and Safety Code Sections 33423 through 33426, and Labor Code Section 1770, et seq., and shall be responsible for the keeping of all records required pursuant to Labor Code Section 1776, complying with the maximum hours requirements of Labor Code Sections 1810 through 1815, and complying with all regulations and statutory requirements pertaining thereto. Operator shall be solely responsible for determining and effectuating compliance with such laws, and the City makes no representation as to the applicability or non - applicability of any of such laws to the construction of the Improvements, or any part thereof Operator hereby expressly acknowledges and agrees that the City has not previously affirmatively represented to the Operator or its contractor(s), in writing or otherwise, that the construction of the Improvements, or other work to be covered by this Agreement is not a "public work," as defined in Section 1720 of the Labor Code. Operator hereby agrees that Operator shall have the obligation to provide any and all disclosures or identifications required by Labor Code Section 1781, as the same may be amended from time to time, or any other similar law. (c) Indemnity. The Operator does hereby and shall indemnify and hold each of the City Indemnitees harmless from and against any and all claims, demands, causes of action, obligations, damages, liabilities, costs and expenses, including reasonable attorneys' fees, that may be asserted against or incurred by the City Indemnitees with respect to or in any way arising from Operator's 'compliance with or failure to comply with applicable laws, including all applicable federal and state labor standards including without limitation the requirements of Labor Code Section 1720, if applicable. The foregoing indemnity shall continue from the Date of Agreement through the Covenant Period and survive termination of this Agreement. 4.13 Nondiscrimination in Employment. Operator certifies and agrees that all persons employed or applying for employment by it, its affiliates, subsidiaries, or holding companies are and will be treated equally by it without regard to, or because of race, color, religion, ancestry, national origin, sex, sexual orientation, age, pregnancy, childbirth or related medical condition, medical condition or physical disability. 22 1470132.1 4.14 Taxes and Assessments. Operator shall pay prior to delinquency all ad valorem real estate taxes and assessments on the Project during any period accruing after the Closing Date, subject to Operator's right to contest in good faith any such taxes. Operator shall remove or have removed any levy or attachment made on any portion of the Site or Project, or any part thereof, or assure the satisfaction thereof within a reasonable time, but in no event to exceed sixty (60) days. 4.15 Liens. If a claim of a lien is given or recorded affecting the Project, the Operator shall within forty-five (45) days of such recording or service, or within five (5) days of the Director's demand whichever last occurs: (i) pay and discharge the same; (ii) post a mechanic's lien bond in compliance with applicable law sufficient to remove the lien from the property; or (iii) provide the City with indemnification from the Title Company against such lien or other assurance which the City deems, in its sole discretion, to be satisfactory for the payment of such lien and for the full and continuous protection of City from the effect of such lien. 4.16 Certificates of Completion and Project Covenant Period. Promptly after completion of the Improvements in conformity with this Agreement, inclusive of a Certificate of Occupancy, the Director shall furnish the Operator with a Certificate of Completion, substantially in the form attached hereto as Attachment No. 6. The Director shall not unreasonably withhold such Certificate of Completion. The Certificate of Completion shall be a conclusive determination of satisfactory completion of the Improvements and the Certificate of Completion shall so state. If the Director refuses or fails to furnish a Certificate of Completion after Notice from Operator, the Director shall, within fifteen (15) days of receipt of such Notice, provide Operator with a written statement of the reasons the Director refused or failed to furnish the Certificate of Completion. The statement shall also contain the Director's opinion of the actions Operator must take to obtain the Certificate of Completion. The Certificate of Completion shall not constitute evidence of compliance with or satisfaction of any obligation of the Operator to any holder of any mortgage, or any insurer of a mortgage securing money loaned to finance the Improvements, or any part thereof. Upon the issuance of the Certificate of Completion, the Parties shall as soon as practical record the Certificate of Project Covenant Period (Attachment No. 11). 4.17 Further Assurances. Operator shall execute and acknowledge (or cause to be executed and acknowledged) and deliver to the Director all documents, and take all actions, reasonably required by the City from time to time to confirm the rights created or now or hereafter intended to be created under the Project Documents or otherwise to carry out the purposes of the Project Documents, including this Agreement. 4.18 Financing of the Project. 23 1470132.1 (a) Evidence of Financial Capability. Within the time set forth in the Schedule of Performance, Operator shall submit to the Director, evidence of a financing plan satisfactory to the Director, in the Director's sole and absolute discretion, that Operator has the financial capability necessary for the construction of the Project, including the Improvements, and for the ongoing maintenance and operations of the Project pursuant to this Agreement and Declaration of Covenants, including evidence that Operator has obtained sufficient equity capital and/or that Operator has obtained binding commitments, including construction financing, necessary to undertake construction of the Project in accordance with this Agreement. Such evidence of financial capability shall include reviewed financial statements for the most recent two years, a copy of the commitment or commitments obtained by Operator for each source of funds to assist in financing the construction of and the ongoing maintenance and operations of the Project. As part of the financing plan, Operator has submitted to the City a cost breakdown in the form of Attachment No 13 attached hereto, and shall update Attachment No. 13 upon any material changes thereto, or as requested by the City, detailing the development costs for the Project, including, but no limited to, the costs for government permits and approvals; design, architecture and engineering fees; construction costs of all buildings, improvements, and components of the Project; furniture, fixtures and equipment; insurance; landscaping, parking, off-site improvements; contractor's fees; and escalation and contingency fees. All copies of commitments submitted by Operator to the Director shall be certified by Operator to be true and correct copies thereof. Each commitment for financing shall be in such form and content acceptable to the Director evidencing a firm and enforceable commitment, with only those conditions which are standard or typical for the lender or donor involved for similar projects. The City shall not be required to and has no obligation to subordinate the City's Deed of Trust to any financing proposed by Operator. (b) Mortgage Holder Protection. With respect to any approved mortgage or deed of trust granted by Operator provided herein, whenever the Director may deliver any Notice or demand to Operator with respect to any breach or Default by the Operator under this Agreement, the Director shall at the same time deliver to each holder of record of any mortgage or deed of trust authorized by this Agreement a copy of such Notice or demand; provided that the failure to notify any holder of record shall not vitiate or affect the effectiveness of Notice to the Operator. Each such holder shall (insofar as such rights are held thereby) have the right, at its option, within sixty (60) days after the receipt of the Notice, to cure or remedy or commence to cure or remedy and thereafter to pursue with due diligence the cure or remedy of any such Default and to add the cost thereof to the mortgage debt and the lien of its mortgage or deed of trust. Nothing contained in this Agreement shall be deemed to permit or authorize such holder to undertake or continue the construction or completion of the Improvements, or any portion thereof (beyond the extent necessary to conserve or protect the Improvements) without first having expressly assumed Operator's obligations under this Agreement in writing satisfactory to the Director. The holder, in that event, must agree to complete, in the manner provided in this Agreement, the Improvements to which the lien or title of such holder relates, but on a schedule which takes into account the time reasonably required for the holder to obtain title to and possession of the Site, analyze and negotiate amendments to plans, 24 1470132.1 specifications, construction contracts and operating contracts or to negotiate new construction contracts and operating contracts. Any such holder properly completing the Improvements shall be entitled to a Certificate of Completion upon compliance with the requirements of Section 4.16 of this Agreement. It is understood that a holder shall be deemed to have satisfied the sixty (60) day time limit set forth above for commencing to cure or remedy an Operator Default which requires title and/or possession of the Site (or portion thereof) if and to the extent any such holder has within such sixty (60) day period commenced proceedings to obtain title and/or possession and thereafter the holder diligently pursues such proceedings to completion and cures or remedies the Default. (c) Failure of Holder to Complete Improvements. In any case where, sixty (60) days after the holder of any mortgage or deed of trust creating a lien or encumbrance upon the Site, or any part thereof, receives a Notice of Default by the Operator in completion of construction of any of the Project, including Improvements, and such holder is not vested with ownership of the Site and has not exercised the option to construct as set forth in this Section 4.18(b), or if it has exercised the option but has defaulted hereunder and failed to timely cure such Default, the City may purchase the mortgage or deed of trust by payment to the holder of the amount of the unpaid mortgage or deed of trust debt, including principal and interest and all other sums secured by the mortgage or deed of trust. If the ownership of the Site or any part thereof has vested in the holder, the City, if it so desires and as a supplement to any other rights the City may possess by law, shall be entitled to a conveyance from the holder upon payment to the holder of an amount equal to the sum of the following: (1) The unpaid mortgage or deed of trust debt at the time title became vested in the holder (less all appropriate credits, including those resulting from collection and application of rentals and other income received during foreclosure proceedings); (2) All actual and necessary expenses with respect to foreclosure; (3) The net expense, if any, incurred by the holder as a direct result of the subsequent management of the Site or part thereof; (4) The costs of any improvements made by such holder; (5) An amount equivalent to the interest that would have accrued at the rate(s) specified in the holder's loan documents on the aggregate of such amounts had all such amounts become part of the mortgage or deed of trust debt and such debt had continued in existence to the date of payment by the City; and (6) Any customary prepayment charges imposed by the lender pursuant to its loan documents and agreed to by Operator. 25 1470132.1 (d) Right of the City to Cure Holder Default. In the event of a mortgage or deed of trust default or breach by the Operator whether prior to or after the completion of the construction of any of the Improvements, or any part of the Project thereof, Operator shall immediately deliver to the Director a copy of any mortgage holder's notice of default. If the holder of any mortgage or deed of trust has not exercised its option to construct, the City shall have the right but no obligation to cure the default. In such event, the City shall be entitled to reimbursement from the Operator of all proper costs and expenses incurred in curing or attempting to cure such default. 4.19 Assignment of Project Plans. In the event this Agreement is terminated, upon such termination the Operator shall deliver to the Director an executed assignment in a form reasonably acceptable to the Director of the Operator's right to use all plans, blueprints, drawings, sketches, specifications, tentative or final subdivision maps, landscape plans, utilities plans, soils reports, noise studies, environmental assessment reports, grading plans and any other materials relating to the Project and construction of the Improvements on the Site (the "Project Plans"), together with copies of all of the Project Plans. Any agreement with any Person preparing the Project Plans shall permit and provide for such an assignment and transfer of Project Plans to the City. S. COVENANTS AND RESTRICTIONS 5.1 Site and Housing Requirements. Operator covenants and agrees for itself, its successors, assigns, and every successor in interest to the Site and Project, or any part thereof, that Operator shall devote the Site and Project to the uses specified in and shall operate in conformity with (i) this Agreement, including this Section 5 hereof, (ii) the Declaration of Covenants (Attachment 7), and (iii) the Deed of Trust, whichever is the more restrictive in each case unless expressly provided to the contrary and all such covenants and use restrictions shall run with the land. All uses conducted on the Site and as part of the Project, including, without limitation, all activities undertaken by Operator pursuant to this Agreement, shall conform to all applicable provisions of the City Municipal Code. 5.2 Site and Housing Requirements. (a) Short -Term Transitional Housing. Operator agrees to make available and restrict occupancy to the Project to a qualifying family for short-term transitional housing as more particularly defined and set forth in the Declaration of Covenants. (b) Selection of Residents. Operator shall be responsible for the selection of families to occupy the Project upon a placement criterion established in writing by the Operator, which criteria is outlined and defined in Attachment 14 to this Agreement (and repeated in the Declaration of Covenants as Exhibit C) and at a minimum, selection shall be limited to homeless families. Homeless families for the purposes of this Agreement shall mean families that currently either lack shelter, or have shelter that is 26 1470132.1 so inadequate, temporary, or insecure that the situation threatens the social, psychological, or physical health of the family and do not have the financial means to immediately secure shelter for the family. Any change in the placement criteria must be approved in writing by the City and the City may require the placement criteria be amended from time -to -time in the Director's reasonable discretion upon written notice to Operator. The paramount factor for any selection criteria shall be that families with ties to the City of Tustin will receive preferential placement and use its best efforts to have all Units occupied by families with direct ties to the City, and if any Unit becomes unoccupied, then Operator shall hold open the Unit for at least fifteen (15) days in an effort to fill the Unit with a family that has direct ties to the City and if none of the Units are occupied by families with direct ties to the City then when a Unit becomes available it shall be held open for up to thirty (30) days in an effort to fill the Unit with a family with Tustin ties and upon the expiration of this 30 -day waiting period, no family with direct City ties has filled the vacant Unit, then while the Project remains fully occupied, any subsequent family with direct City ties seeking transitional housing at the Project shall be given first priority and preference by Family Promise to all other facilities controlled by Family Promise providing transitional, short-term, or emergency housing within the County of Orange upon such family meeting applicable program and housing requirements of such Family Promise controlled facility. (c) Operator's Continuing Obligations. Operator acknowledges that the City has entered into this Agreement with the expectation that Operator shall affirmatively manage and ensure the continued availability of the Project for short-term transitional housing only, shall not use the Project for any emergency homeless shelter, shall prepare and submit to the City all documentation required for such operations and ongoing maintenance of the Project, shall monitor the Project and residents, and shall submit compliance and status reports to the Director on a regular periodic basis, or as otherwise reasonably requested by the Director. The Operator shall maintain complete and accurate records of its operations and services of the Project and permit upon reasonable Notice any duly authorized representative of the City to inspect at the Project the books and records of the Operator pertaining to this Agreement and the Project. 5.3 Maintenance of Site. The Operator shall maintain the Project, including the Site and all Improvements thereon, in conformity with the City Municipal Code and the requirements of this Agreement and Declaration of Covenants, and shall repair and maintain the Project in first class condition, including keeping the Project free from any graffiti, accumulation of debris, or waste materials. If, at any time, the Operator fails to repair or maintain the Project, or any portion thereof, and said condition is not corrected as soon as reasonably possible after written Notice from the City, the City may perform the necessary repair or maintenance and Operator shall immediately pay such costs as are reasonably incurred for such repair or maintenance. This covenant shall run with the land and shall remain in effect for the Covenant Period (i.e., 55 -years from the date of the issuance of a Certificate of Occupancy by the City for the Project), or through any extension agreed upon by the Parties. 5.4 Nondiscrimination Covenants. 27 1470132.1 (a) Classes Protected. Operator covenants by and for itself and any successors in interest that there shall be no discrimination against or segregation of any person or group of persons on account of race, color, creed, religion, sex, marital status, sexual preference, handicap, national origin or ancestry, or any other class of persons listed in subdivision (a) or (d) of Section 12955 of the Government Code, in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the Site, nor shall the Operator itself or any person claiming under or through it establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of the Site or any portion thereof. The foregoing covenants shall run with the land. (b) Non -Discrimination Provision. All leases or contracts entered into by Operator relating to the Project shall contain or be subject to substantially the following nondiscrimination clause: "The lessee herein covenants by and for himself or herself, his or her heirs, executors, administrators and assigns, and all persons claiming under or through him or her, that there shall be no discrimination against or segregation of, any person or group of persons on account of race, color, creed, religion, sex, marital status, sexual preference, handicap, national origin or ancestry in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the premises herein leased, nor shall lessee, or any person claiming under or through him or her, establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use, or occupancy of the premises herein leased." 5.5 Enforcement of Covenants by the City. The City is deemed the beneficiary of the terms and provisions of this Agreement and the Declaration of Covenants running with the land. If this Agreement, or any covenants in any agreement pursuant to this Agreement, including without limitation the Declaration of Covenants and the Deed of Trust, are breached, the City shall have the right to exercise all rights and remedies, and to maintain any actions or suits at law or in equity or other proper proceedings to enforce the curing of such breaches to which it or any other beneficiaries of this Agreement and such covenants may be entitled. b.. DEFAULTS, REMEDIES, AND TERMINATION 6.1 Default Remedies. Subject to any extensions of time provided for in this Agreement, failure by any Party to perform any action or covenant required by this Agreement within the time periods provided herein following Notice and a failure to cure as described hereafter, shall constitute a default under this Agreement (hereinafter, a "Default"). A Party claiming a Default shall give written Notice of Default to the other Party specifying the Default. Except as otherwise expressly 28 1470132.1 provided in this Agreement, and without limiting or affecting rights of the Parties hereto to terminate this Agreement, a Party shall not institute any proceedings against any other Party, and the other Party shall not be in Default if such Party within sixty (60) days from receipt of such Notice cures any such Default; provided that, (i) if such Default is non -monetary in nature and not reasonably subject to cure within such time period, the Party receiving the Notice shall have up to an additional ninety (90) days to effect such cure so long as the Party has acted with due diligence to commence to cure, correct, or remedy the specified Default within the initial thirty -day period after receipt of the Notice of Default. For purposes of this Section 6.1 only, any Notice of Default sent by the City to Operator shall also be sent to HomeAid of Orange County ("HomeAid") and HomeAid shall, at its option, have the same opportunity as Operator to cure the Default as specified in the City's Notice, provided that the failure to notify HomeAid shall not vitiate or affect the effectiveness of any Notice to the Operator. 6.2 Institution of Legal Actions. In addition to any other rights or remedies and subject to the restrictions otherwise set forth in this Agreement, any Party may institute an action at law or equity to seek specific performance of the terms of this Agreement, including the Declaration of Covenants, or to cure, correct or remedy any Default, to recover damages for any Default, or to obtain any other remedy consistent with the purpose of this Agreement. 6.3 Termination b.. t�perator Prior to Conveyance. In the event that: (i) the Operator is not in Default under this Agreement and the City does not execute the Grant Deed and attempt to convey the Site to the Operator in the manner and condition and by the date provided for in this Agreement; or (ii) in the event of any Default of the City prior to the Conveyance and such Default is not cured within the applicable time period after written Notice by Operator to the City, then this Agreement may, at the option of Operator, be terminated by Notice thereof to the Director. From the date of the Notice of termination of this Agreement by the Operator to the City, this Agreement shall be deemed terminated and there shall be no further rights or obligations among the Parties unless otherwise provided for herein. 6.4 Termination by the City Prior to Conveyance. If prior to the time established in the Schedule of Performance for the satisfaction of the City's Conditions Precedent: (i) Operator assigns this Agreement or any rights therein or in the Site or Project in violation of this Agreement; or (ii) Operator does not fulfill the City's Conditions Precedent and such failure is not caused by the City; or (iii) Operator fails to execute the Declaration of Covenants or the Deed of Trust; or (iv) Operator is otherwise in Default of this Agreement and such Default is not cured within the applicable time period after written Notice by City to Operator; then this Agreement and any rights of Operator or any assignee or transferee with respect to or arising out of the Agreement, the Site, or the Project, shall, at the option of the City, be terminated by Notice by the City to Operator. From the date of the Notice of termination of this Agreement to Operator plus any cure period and thereafter, this 29 1470132.1 Agreement shall be deemed terminated and there shall be no further rights or obligations among the Parties unless otherwise provided for herein. 6.5 Right of Reversion, and Repurchase of Site Upon Default after Conveyance. Notwithstanding any other provisions of this Agreement, the City may reacquire the Site and Improvements as follows: (a) Right of Reversion. The City hereby reserves the power of termination, right of reversion, and reentry wherein all right, title and interest of Family Promise and its successors and assigns, shall cease and revert immediately and automatically to the City, its successors or assigns upon the follows events: (a) If Family Promise, or its respective successors and assigns fail to commence construction of the Project, beyond any applicable cure periods, on or before the date as set forth in the Schedule of Performance ("Construction Commencement Date"); and/or (b) If Family Promise, or its respective successors and assigns, abandons, vacates, or relinquishes possession of the Site to the City prior to the Construction Commencement Date. For purposes of Sections 6.5(a) and 6.5(b), commence construction of the Project shall not include grading of the Site, but shall mean commencement of the Project's vertical Improvements. (b) Repurchase Upon Default after Conveyance. If after Operator commences construction of the Project and Operator then becomes in default under this Agreement, the Promissory Note, the Deed of Trust, or the Declaration of Covenants, and the default has not been cured within any applicable time period allowed by the applicable agreement, the City shall have the right to repurchase the Site, and all Improvements then existing thereon ("Right of Repurchase"). The repurchase price ("Repurchase Price") payable by the City to the Operator for the Site, inclusive of the then existing Improvements thereon, shall be the "Fair Market Value" (defined below) of the Site and Improvements thereon less the then current amount owing on the Promissory Note as of the date of the City's Notice exercising the Right of Repurchase. The Right of Repurchase may be exercised by delivery from the City to Operator a Notice as provided for in Section 8.2 of this Agreement. If the City exercises the Right of Repurchase, but then elects to revoke the exercise of such right, the Right of Repurchase shall not terminate or preclude the City from subsequently exercising the Right of Repurchase. (c) Calculating Fair Market Value for Repurchase Price. The agreed fair market value of the Site, and Improvements thereon under Sections 6.5(a) and 6.5(b), shall be determined and completed within 60 days by appraisal after Notice of exercise by the City, as follows: Operator and the City shall immediately each separately retain an MAI appraiser to appraise the fair market value of the Site and/or Improvements thereon, as applicable, taking into account the highest and best use of the Project as encumbered by the Declaration of Covenants, which shall mean an extremely low-income apartment complex for short-term transitional housing. Each Party shall be advised promptly of the appraiser selected by the other, and each shall receive a written and signed copy of the other's appraisal report. The average of the 30 1470132.1 two appraisals of fair market value shall become fair market value; provided, however, if the difference between the two appraisals exceed 10% of the lower appraisal, the City shall immediately select a third independent MAI appraiser. The third appraiser selected by the City shall, following review of the two appraisals, prepare an independent appraisal establishing his or her opinion of the Fair Market Value of the Site and current Improvements thereon, which valuation shall be accepted as being final and conclusive between the Parties hereto, and by any court of competent jurisdiction, and shall become the "Fair Market Value." Each Party will receive a written and signed copy of the third appraiser's report. The expenses and cost of the third appraiser and any cost incurred to obtain said third appraisal shall be divided equally between Operator and the City. (d) Qualifications of Appraisers. All appraisers selected by the Parties shall be qualified as State of California Bureau of Real Estate Appraisers Certified General (AG), hold the designation of Member Appraisal Institute (MAI), and shall have at least ten (10) years' experience in the appraisal of commercial, residential, and affordable housing property in Orange County, California. No appraiser shall, at the time of selection or at any time during the preceding ten (10) year period: (i) have an ownership interest in or be employed by either Party or any affiliate of a Party (collectively, the "Conflicted Parties"), except for previous payment for services as an appraiser, (ii) have had direct financial ties to the Conflicted Parties or any one thereof, or (iii) have had close professional or personal relationships with any key member of any Conflicted Party. In addition, no appraiser shall, during his or her tenure as an appraiser engage in a discussion or make an agreement with any Conflicted Party regarding employment during the pendency of or after completion of the appraisal. (e) Opening of Escrow and Deposits. Within five (5) business days after the City has exercised the Right of Repurchase, or as soon thereafter as reasonably practicable, an escrow shall be opened with an escrow company mutually acceptable to the City and Operator for the conveyance of the real property (i.e., the Site and Improvements thereon) to the City. The City shall deposit the Repurchase Price, as applicable, in escrow not later than one (1) business day prior to the anticipated date for the close of escrow. Operator and HomeAid shall deliver to escrow not later than one (1) business day prior to the anticipated date for the close of escrow a joint escrow instruction dividing the Repurchase Price net proceeds between Operator and Home Aid. The failure of Operator and HomeAid to deliver a joint escrow instruction dividing the Repurchase Price, or any disagreement on the division of the Repurchase Price between Operator and HomeAid, shall not cause or delay in any manner the close of escrow for the repurchase of the Site as provided herein. (f) Status of Title and Site. The City's obligation to close escrow shall be subject to the City's approval of a then -current preliminary title report and, at the City's option, upon any environmental and other site testing. The City shall have thirty (30) days after exercise of the rights provide herein to enter upon the Site and Improvements thereon, to conduct any tests, inspections, investigations, or studies of the condition of the Site and Improvements thereon. Operator shall permit the 31 1470132.1 City access for such purposes. Any exceptions shown on the preliminary title report created on or after the Operator's acquisition of the Site shall be removed by Operator at its sole expense prior to the close of escrow unless any such exceptions are accepted by the City in its reasonable discretion; provided, however, that the City shall accept the following exceptions to title: (i) current taxes not yet delinquent, (ii) matters affecting title existing on the date of Operator's acquisition of the Site, (iii) liens and encumbrances in favor of the City, and (iv) matters shown as printed exceptions in the standard form ALTA owner's policy of title insurance. Escrow shall close promptly after acceptance by the City of the condition of title and the physical and environmental condition of the Site. The City shall be responsible for the escrow fees, documentary transfer taxes, recording fees and any other costs and expenses of the escrow. 6.6 Rights and Remedies Are Cumulative. Except as otherwise expressly stated in this Agreement, the rights and remedies of the Parties are cumulative, and the exercise by a Party of one or more of such rights or remedies shall not preclude the exercise by it, at the same or different times, of any other rights or remedies for the same Default or any other Default by another Party. 6.7 Inaction Not a Waiver of Default. Any failures or delays by either Party in asserting any of its rights and remedies as to any Default shall not operate as a waiver of any Default or of any such rights or remedies, or deprive either such Party of its right to institute and maintain any actions or proceedings which it may deem necessary to protect, assert or enforce any such rights or remedies. 6.8 Forced Delay; Extension of Times of Performance. In addition to specific provisions of this Agreement, performance by any Party hereunder shall not be deemed to be in Default, and all performance and other dates specified in this Agreement shall be extended, where delays or Defaults are due to war, insurrection, riots, floods, earthquakes, fires, casualties, acts of God, acts of the public enemy, acts or omissions of another party, or acts or failures to act by any other public or governmental authority or entity (except acts or failures to act of the City). Notwithstanding anything to the contrary in this Agreement, an extension of time for any such cause shall be for the period of the forced delay and shall commence to run from the time of the commencement of the cause, if Notice by the Party claiming such extension is sent to the other Party within fifteen (15) days of the commencement of the cause. Times of performance under this Agreement may also be extended in writing by the mutual agreement of the Director and Operator. The Director shall have the authority to approve extensions on behalf of the City of time not to exceed a cumulative total of one hundred eighty (180) days. 7.. TRANSFERS OR ASSIGNMENTS 7.1 Prohibition on Transfers or Assignments. 32 1470132.1 The qualifications and identity of the Operator are of particular concern to the City. Until the completion of construction of the Project under this Agreement, no voluntary or involuntary successor in interest of Operator shall acquire any rights or powers under this Agreement, nor shall Operator make any total or partial sale, transfer, conveyance, assignment, subdivision, refinancing or lease of the whole or any part of the Site or the Project thereon without prior written approval of the Director, except as expressly set forth herein. However, any voluntary or involuntary transfer to HomeAid is exempt from this section so long as HomeAid is a qualified nonprofit organization in good standing and has requisite experience and financial ability to perform the obligations of Operator as and when required under this Agreement and so long as at least sixty (60) days before any such voluntary or involuntary transfer, HomeAid shall provide notice in writing to the City of the intended transfer accompanied with evidence of such qualifications of good standing, requisite experience, and financial ability. Upon receipt of such information, the City may state its objections to any transfer in writing to HomeAid, or request additional information from HoemAid, which shall be expeditiously provided to the City. If a transfer occurs to HomeAid as provided herein, HomeAid shall not assign or transfer to any third -party operator, or have performed on its behalf any of the conditions, covenants, or obligations imposed under this Agreement, or the Declaration of Covenants, without written consent of the City. For purposes of this Section 7. 1, "good standing" shall mean good corporate standing with the State of California and the existence of no known, or potentially pending legal or administrative proceeding or actions that could reasonably impede or prevent compliance by HomeAid with this Agreement and the Declaration of Covenants; "requisite experience" shall mean that HomeAid has directly operated within the last two years before the proposed transfer a similar short-term transitional housing project; and "financial ability" shall mean HomeAid has immediately available funds to operate the Project as provided for in this Agreement and the Declaration of Covenants for at least two years. The City preserves all rights and remedies, in law and equity, to enforce the provisions of this Section 7.1 and any such transfer found in violation hereof shall be deemed void. 7.2 Permitted Transfers. Notwithstanding any other provision of this Agreement to the contrary, the City shall not unreasonably withhold their approval of an assignment of this Agreement or conveyance of the Site, or any part thereof, in connection with any of the following: (a) Any transfers to an entity or entities in which Operator retains a minimum of fifty-one percent (51 %) of the ownership or beneficial interest and retains management and control of the transferee entity or entities. (b) The conveyance or dedication of any portion of the Site, or any part thereof, to the City or other appropriate governmental agency, or the granting of easements or permits to facilitate construction of the Project. In the event of a proposed assignment by Operator under Sections 7.2(a) or (b), Operator agrees that at least thirty (30) days prior to such assignment it shall give Notice to the Director 33 1470132.1 requesting written approval of such assignment and satisfactory evidence that the assignee has assumed jointly with Operator the obligations of this Agreement. (c) An assignment of this Agreement or conveyance of the Site, or any part thereof to Home Aid does not need City approval, so long as Home Aid complies with the provisions of Section 7.1 of this Agreement. 7.3 Assignment by City/Authority. The City may assign or transfer any of its rights or obligations under this Agreement with the approval of the Operator, which approval shall not be unreasonably withheld. 8. MISCELLANEOUS 8.1 Obligations Unconditional and Independent. Notwithstanding the existence, at any time, of any obligation or liability of the City to Operator, or any other claim by Operator against the City, in connection with the Site or otherwise, Operator hereby waives any right it might otherwise have (a) to offset any such obligation, liability or claim against Operator's obligations under this Agreement (including without limitation the attachments hereto), or (b) to claim that the existence of any such outstanding obligation, liability or claim excuses the nonperformance by Operator of any of its obligations under the Project Documents. 8.2 Notices. Any approval, disapproval, demand, document or other form of notice (collectively, "Notice") which either Party may desire to give to the other Party under this Agreement must be in writing and delivered either personally, by a nationally recognized commercial delivery services (i.e., FedEx or UPS), or by registered or certified mail with postage prepaid, that provides a receipt verifying the date and time of delivery. Notices shall be directed to the address or addresses of the Party as set forth below, or to any other address or addresses as that Party may later designate by Notice delivered in accordance with this Section. To City: Tustin Housing Authority 300 Centennial Way Tustin, California 92780 Attention: Executive Director Phone: (714) 573-3117 Fax No.: (714) 669-0976 with a copy to: The City of Tustin 300 Centennial Way Tustin, California 92780 Attention: City Manager Phone: (714) 573-3010 Fax No.: (714) 838-1602 34 1470132.1 To Operator: Family Promise of Orange County, Inc. 310 West Broadway Anaheim, California 92805 Attention: President/CEO Phone: (714) 353-0428 Fax No.: (714) 787-3489 with a copy to: Managing Partner Cummins & White 2424 South East Bristol Newport Beach, CA. 92660 To HomeAid: For purposes of Section 6.1 only: HomeAid Orange County 24 Executive Park, Suite100 Irvine, California 92614 Attention: Executive Director Phone: (949) 553-9510 Fax No.: Any Notice shall be deemed received immediately on the date delivered by hand or by a commercial delivery services and shall be deemed received on the third day from the date it is postmarked if delivered by registered or certified mail. 8.3 No Third -Party Beneficiaries. Except as may be provided in Section 6 et. seq. and 7 et. seq., this Agreement is made for the purpose of setting forth rights and obligations of Operator and City and no other Person shall have any rights hereunder or by reason hereof and there shall be no third -party beneficiaries of this Agreement. 8.4 Counterparts. Any Project Document may be executed in counterparts, all of which, taken together, shall be deemed to be one and the same document. Furthermore, each counterpart may be signed and delivered by facsimile, each of which shall be deemed an original if the original is also immediately deposited and sent via registered or certified mail. 8.5 Venue. Operator irrevocably and unconditionally submits to the jurisdiction of the Superior Court of the State of California for the County of Orange any legal action or proceeding arising out of or relating to this Agreement or the other Project Documents. Assuming proper service of process, Operator also waives any objection regarding personal or in rem jurisdiction or venue. 35 1470132.1 8.6 Severability of Provisions. No provision of any Project Document that is held to be unenforceable or invalid shall affect the remaining provisions, and to this end all provisions of the Project Documents are hereby declared to be severable and if any term, provision, condition or covenant of this Agreement or its application to a Party or circumstances shall be held, to any extent, invalid or unenforceable, the remainder of this Agreement, or the application of the term, provision, condition or covenant to persons or circumstances other than those as to whom or which it is held invalid or unenforceable, shall not be affected, and shall be valid and enforceable to the fullest extent permitted by law. 8.7 Headings. Article and section headings are included in the Project Documents for convenience of reference only and shall not be used in construing the Project Documents. 8.8 Conflicts. In the event of any conflict between the provisions of this Agreement and those of any other Project Documents, this Agreement shall prevail. The fact that one document provides for greater, lesser or different rights or obligations than the other shall not be deemed a conflict unless the applicable provisions are inconsistent and cannot be simultaneously performed. 8.9 Interpretation. As used in the Project Documents, masculine, feminine or neuter gender and the singular or plural number shall each be deemed to include the others where and when the context so dictates. The word "including" shall be construed as if followed by the words "without limitation." This Agreement shall be interpreted as though prepared jointly by all Parties. 8.10 No Waiver. A waiver by either Party of a breach of any of the covenants, conditions or agreements under the Project Documents to be performed by the other Party shall not be construed as a waiver of any succeeding breach of the same or other covenants, agreements, restrictions or conditions of the Project Documents. 8.11 Modifications. Any alteration, change or modification of or to this Agreement, in order to become effective, shall be made in writing and in each instance signed on behalf of each Party. 8.12 Legal Advice. Each Party represents and warrants to the other the following: they have carefully read this Agreement, and in signing this Agreement, they do so with full knowledge of any right which they may have; they have received independent legal advice from their respective legal 36 1470132.1 counsel as to the matters set forth in this Agreement, or have knowingly chosen not to consult legal counsel as to the matters set forth in this Agreement; and, they have freely signed this Agreement without any reliance upon any agreement, promise, statement or representation by or on behalf of the other Party, or their respective agents, employees or attorneys, except as specifically set forth in this Agreement, and without duress or coercion, whether economic or otherwise. 8.13 Time of the Essence. Time is of the essence in performance of this Agreement. 8.14 Warranty against Payment of Consideration. Operator warrants that it has not paid or given, and will not pay or give, any third person any money or other consideration for obtaining this Agreement. 8.15 Successors and Assi xms. All of the terms, covenants and conditions of this Agreement shall be binding upon the Parties and their permitted successors and assigns. Whenever the term "Operator" is used in this Agreement, such term shall include any other permitted successors and assigns as herein provided. 8.16 City pprovals and Actions. Whenever a reference is made herein to an action or approval to be undertaken by the City, the Director is authorized to act on behalf of same unless specifically provided otherwise or the law otherwise requires. 8.17 Real Estate Brokers. The City and Operator each represent and warrant to each other that no broker or finder is entitled to any commission or finder's fee in connection with this transaction and each agrees to defend and hold harmless the other from any claim to any such commission or fee resulting from any action on its part. 8.18 Attorneys' Fees. In any action among the Parties to interpret, enforce, reform, modify, rescind, or otherwise in connection with any of the terms or provisions of this Agreement, the prevailing Party in the action shall be entitled, in addition to any other relief to which it might be entitled, reasonable costs and expenses including, without limitation, litigation costs and reasonable attorneys' fees. 8.19 Applicable Law. 37 1470132.1 The laws of the State of California shall govern the interpretation and enforcement of this Agreement. 8.20 Non -Liability of Officials and Employees of the City. No member, official or employee of the City shall be personally liable to the Operator, or any successor in interest, in the event of any Default or breach by the City or for any amount which may become due to the Operator or its successors, or on any obligations under the terms of this Agreement. 8.21 Relationship Between the Cit.. a�perator. It is hereby acknowledged that the relationship between the City and the Operator is not that of a partnership or joint venture and that the City and the Operator shall not be deemed or construed for any purpose to be the agent of the other. Accordingly, except as expressly provided herein or in the Attachments hereto, the City shall have no rights, powers, duties or obligations with respect to the development, operation, maintenance or management of the Site, including the Project and Improvements thereon. 8.22 Computation of Time. The time in which any act is to be done under this Agreement is computed by excluding the first day (such as the day escrow opens), and including the last day, unless the last day is a holiday or Saturday or Sunday, and then that day is also excluded. The term "holiday" shall mean all holidays as specified in Section 6700 and 6701 of the California Government Code. If any act is to be done by a particular time during a day, that time shall be Pacific Time Zone time. 8.23 Cooperation. Each Party agrees to cooperate with the other in this transaction and, in that regard, to sign any and all documents which may be reasonably necessary, helpful, or appropriate to carry out the purposes and intent of this Agreement including, but not limited to, releases, or additional agreements. 8.24 Entire Agreement. This Agreement, including all exhibits and attachments referenced herein, integrates all of the terms and conditions mentioned herein or incidental hereto, and supersedes all negotiations or previous agreements between the parties or their predecessors in interest with respect to all or any part of the subject matter hereof. 8.25 Not a Development Agreement. This Agreement is not a development agreement as provided in Government Code Section 65864 and is not a grant of any entitlement, permit, land use approval, or vested right in favor of Operator, the Project, or the Site. The City shall use good faith efforts, within 38 1470132.1 applicable legal constraints and consistent with applicable City policies, to take such actions as may be necessary or appropriate to effectuate and carry out this Agreement in a timely and commercially reasonable manner. The City acknowledges that, concurrently with the execution of this Agreement, the City and Operator intend to enter into a Development Agreement relating to the Site. 8.26 Memorandum of Agreement. As soon as reasonably practical after this Agreement is fully executed, the Memorandum of Disposition and Development Agreement substantially in the form of Attachment No. 10 shall be executed by the Parties and recorded. IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be executed on the dates hereinafter respectively set forth. FAMILY PROMISE OF ORANGE COUNTY, INC., a California non-profit corporation By: Bernd Steinebrunner, President By: Susan Currie, Secretary CITY OF TUSTIN, a municipal corporation, By: Matthew S. West, City Manager ATTEST: By: Erica N. Yasuda, City Clerk TUSTIN HOUSING AUTHORITY, a local housing authority, By: Matthew S. West, Executive Director 39 1470132.1 ATTEST: Lm Erica N. Yasuda, Clerk of the Board APPROVED AS TO FORM: LN David E. Kendig, City Attorney Housing Authority General Counsel 40 1470132.1 ACKNOWLEDGEMENT A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. STATE OF CALIFORNIA ) COUNTY OF ORANGE ) On , 2020, before me, , Notary Public, personally appeared, who proved to me on the basis of satisfactory evidence to be the person(s) whose name is subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity, and that by his/her/their signature on the instrument the person, or the entity upon behalf of which the person acted, executed the instrument. I certify UNDER PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature (Seal) 1470132.1 ACKNOWLEDGEMENT A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. STATE OF CALIFORNIA ) COUNTY OF ORANGE ) On , 2020, before me, , Notary Public, personally appeared, who proved to me on the basis of satisfactory evidence to be the person(s) whose name is subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity, and that by his/her/their signature on the instrument the person, or the entity upon behalf of which the person acted, executed the instrument. I certify UNDER PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature (Seal) 1470132.1 ACKNOWLEDGEMENT A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. STATE OF CALIFORNIA ) COUNTY OF ORANGE ) On , 2020, before me, , Notary Public, personally appeared, who proved to me on the basis of satisfactory evidence to be the person(s) whose name is subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity, and that by his/her/their signature on the instrument the person, or the entity upon behalf of which the person acted, executed the instrument. I certify UNDER PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature (Seal) 1470132.1 ATTACHMENT NO. 1 Legal Description 1941 El Camino Real, Tustin, CA 92780 THE LAND REFERRED TO IN THIS REPORT IS SITUATED IN THE STATE OF CALIFORNIA, COUNTY OF ORANGE, City OF TUSTIN, AS DESCRIBED AS FOLLOWS: THE NORTHWESTERLY 230 FEET OF THE SOUTHEASTERLY 386 FEET OF THE NORTHEASTERLY 210 FEET OF THE SOUTHWESTERLY 240 FEET OF THE SOUTH QUARTER OF LOT 29 IN BLOCK 12 OF IRVINE'S SUBDIVISION, AS SHOWN ON A MAP RECORDED IN BOOK 1, PAGE 88 OF MISCELLANEOUS RECORD MAPS, RECORDS OF ORANGE COUNTY, CALIFORNIA. APN 500-071-12 ATTACHMENT 1-1 1470132.1 ATTACHMENT NO. 2 Site Map ATTACHMENT 2-1 1470132.1 ATTACHMENT NO. 3 RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: City of Tustin 300 Centennial Way Tustin, California 92780 Attention: City Clerk Grant Deed SPACE ABOVE RESERVED FOR RECORDER'S USE This document is exempt from recording fee pursuant to Government Code §§ 6103 and 27383 GRANT DEED FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, CITY OF TUSTIN, a municipal corporation (the "City"), does hereby GRANT to FAMILY PROMISE OF ORANGE COUNTY, INC., a California non-profit corporation ("Family Promise" or "Operator"), the real property located in the County of Orange, State of California, described as follows: THE LAND REFERRED TO IN THIS REPORT IS SITUATED IN THE STATE OF CALIFORNIA, COUNTY OF ORANGE, City OF TUSTIN, AS DESCRIBED AS FOLLOWS: THE NORTHWESTERLY 230 FEET OF THE SOUTHEASTERLY 386 FEET OF THE NORTHEASTERLY 210 FEET OF THE SOUTHWESTERLY 240 FEET OF THE SOUTH QUARTER OF LOT 29 IN BLOCK 12 OF IRVINE'S SUBDIVISION, AS SHOWN ON A MAP RECORDED IN BOOK 1, PAGE 88 OF MISCELLANEOUS RECORD MAPS, RECORDS OF ORANGE COUNTY, CALIFORNIA. APN 500-071-12 ATTACHMENT 3-1 1470132.1 The foregoing Grant is SUBJECT TO the following: A. The real property is conveyed in accordance with and subject to the provisions of the Disposition and Development Agreement entered into by and between the City and Family Promise (defined as the "Operator" therein) dated , 2020 (the "DDA"), a copy of which is on file with the City at its offices located at 300 Centennial Way, Tustin, California 92780 as a public record and which is incorporated herein by reference. The DDA generally requires Family Promise to construct and develop the real property for short-term transitional housing, together with other onsite and offsite improvements (collectively, the "Improvements") and to comply with all other requirements set forth in the DDA. The DDA contains a Right of Repurchase in favor of the City upon a default. The covenants in the DDA shall run with the land and shall be binding upon Family Promise and all of the successors and assigns of Family Promise's right, title, and interest in and to any portion of the real property or Improvements for the periods of time set forth therein. All the terms used herein, unless otherwise defined herein, shall have the meaning as in the DDA. B. The real property is further conveyed in accordance with and subject to those certain recorded covenants and use restrictions set forth in the Declaration of Covenants and Restrictions, and any amendments hereto, entered into by and between the City and Family Promise, which shall run with the land for a period of 55 years as set forth in Declaration of Covenants and Restrictions, which is incorporated herein. C. The City hereby reserves the power of termination, reversion, and right of reentry of the Site as follows: If Family Promise, or its respective successors and assigns fail to (a) commence construction of the Project on or before the date as set forth in the Schedule of Performance ("Construction Commencement Date") attached to the DDA, beyond any applicable cure periods, and/or (b) abandons the Project prior to the Construction Commencement Date, then the Site will automatically revert back to the City. For purposes of this paragraph, "Commence construction of the Project" shall not include grading of the Site, but shall mean commencement of the Project's vertical Improvements and "abandons" shall mean that Operator has vacated and relinquished possession of the Site to the City upon written Notice to the City. CITY OF TUSTIN, a municipal corporation, By: Matthew S. West, City Manager ATTEST: By: Erica N. Yasuda, City Clerk ATTACHMENT 3-2 1470132.1 APPROVED AS TO FORM: LOW David E. Kendig, City Attorney Housing Authority General Counsel ACCEPTED BY OPERATOR: FAMILY PROMISE OF ORANGE COUNTY, INC., a California non-profit corporation IRm Bernd Steinebrunner , President Sue Currie, Secretary ATTACHMENT 3-3 1470132.1 ACKNOWLEDGEMENT A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. STATE OF CALIFORNIA ) COUNTY OF ORANGE ) On , 2021, before me, , Notary Public, personally appeared, who proved to me on the basis of satisfactory evidence to be the person(s) whose name is subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity, and that by his/her/their signature on the instrument the person, or the entity upon behalf of which the person acted, executed the instrument. I certify UNDER PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature (Seal) ATTACHMENT 3-4 1470132.1 ACKNOWLEDGEMENT A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. STATE OF CALIFORNIA ) COUNTY OF ORANGE ) On , 2021, before me, , Notary Public, personally appeared, who proved to me on the basis of satisfactory evidence to be the person(s) whose name is subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity, and that by his/her/their signature on the instrument the person, or the entity upon behalf of which the person acted, executed the instrument. I certify UNDER PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature (Seal) ATTACHMENT 3-5 1470132.1 ATTACHMENT NO. 4 Promissory Note PROMISSORY NOTE SECURED BY DEED OF TRUST Principal Amount Operator: FAMILY PROMISE OF ORANGE COUNTY, INC., a California non-profit corporation Maturity Date: Date of Note: 2021 Lender: CITY OF TUSTIN, a California municipal corporation Interest Rate: Three Percent (3%) FOR VALUE RECEIVED, the undersigned FAMILY PROMISE OF ORANGE COUNTY, INC., a California non-profit corporation ("Operator"), with its principal place of business located at 310 West Broadway, Anaheim, California 92805 promises to pay to the CITY OF TUSTIN, a California municipal corporation ("City") located at 300 Centennial Way, Tustin, California 92780, or such place as City may, Operator, the principal sum of this Promissory Note. from time to time, designate by written notice to the Dollars ($ ), as set forth in 1. Agreement and Deed of Trust. This Promissory Note is made and given pursuant to that certain Disposition and Development Agreement between the City and Operator, dated , 2020 ("Agreement"), which is incorporated herein by this reference. This Promissory Note will be governed by the Agreement and by the additional terms set forth in this Promissory Note. All capitalized terms used, but not defined herein, shall have the meanings given to them in the Agreement. Until such time that this Promissory Note is paid in full, it will be secured by a Deed of Trust and Assignment of Rents of the same date by and between the City and Operator ("Deed of Trust"). 2. Interest Rate, Maturity, Forgiveness, and Prepayment of Note. a. Interest Rate. Interest shall accrue upon the principal amount owed on this Promissory Note at the rate of three percent (3%) per annum, compounded annually. b. Maturity Date. Unless forgiven in accordance with Section 2.c. hereof, all accrued interest, if any, and any remaining principal that is due shall be due and payable in full without any further demand or notice upon the date that is thirty ATTACHMENT 4-1 1470132.1 (30) years from the date of the issuance of the Certificate of Completion for the Project (the "Maturity Date"). C. Forgiveness of Cites. If Operator is not found in default of the Deed of Trust, Agreement, or Declaration of Covenants up to and including the Maturity Date and no amount is owing under this Promissory Note, then this Promissory Note shall be cancelled. The principal, including applicable interest, due and owing on this Promissory Note will be reduced and forgiven by the City in an amount equal to one -thirtieth (1/30) of both principal and interest on such fractional share only for each full Year (without proration) that Operator uses the Site and operates the Project solely and exclusively as set forth in the Agreement and Declaration of Covenants, or as otherwise approved by the City in its sole and absolute discretion. In the event that the Promissory Note has not been fully forgiven as of the Maturity Date, Operator shall immediately pay any amounts due and owing on this Promissory Note. A "Year" shall mean the period commencing the date of the Certificate of Completion and ending each succeeding calendar year thereafter. d. Prepayment. The principal and interest on this Promissory Note is being reduced solely upon the basis of services rendered by the Operator to the City in accordance with the Agreement and Declaration of Covenants, and thus, this Promissory Note may not be prepaid in whole or part without the written consent of the City, in its sole and absolute discretion, and any permitted prepayment shall not relieve Operator of its obligation to use the Site solely for the purposes set forth in the Declaration of Covenants or the Agreement. 3. Security for Note. This Promissory Note is secured by a Deed of Trust executed by Operator which creates a lien on the Site, including the Site, Project and Improvements thereon. 4. Acceleration Upon Certain Events or Upon Default. In the event of any default under the terms of this Promissory Note, the Agreement, Declaration of Covenants, or under the Deed of Trust, as the term is defined therein, or under any senior loans, notes or deeds of trust, at the option of the City and after Notice to the Operator, providing Operator with thirty (30) days in which to cure any default, and such default not having been cured within thirty (30) days, the remaining balance of this Promissory Note shall immediately become due and payable without further demand, dishonor, presentment, protest, or notice, all of which are hereby expressly waived by Operator; provided that the City has not reacquired the Site as is further set forth the Agreement. Failure of the City to exercise such options shall not constitute a waiver of the right to exercise such rights in the event of any subsequent or continuing default. Any remaining balance of this Promissory Note not paid within thirty (30) days of written notice from the City to the Operator pursuant to this Section 4 shall accrue simple interest at a rate the lesser of. (i) three percent (3%), or (ii) the maximum interest allowed by law. In addition to any other default provided for in the Agreement, Declaration of Covenants, or under the Deed of Trust, Operator will be in default herein should the Operator agree to or sell, convey, transfer, or dispose of the Site described in the Deed of Trust securing this Promissory ATTACHMENT 4-2 1470132.1 Note, or any part thereof, or interest therein, without first obtaining the prior written consent of the City, which may be withheld in the City's sole and absolute discretion. Consent to one transaction of this type will not constitute a waiver of the right to require consent to future or successive transactions, nor shall this preclude any other remedies the City may have in law or equity, including voiding such sale or transfer. 5. Default. Operator shall further be in default under this Promissory Note and the Deed of Trust, if any of the following occur: (a) Operator fails to pay any money when due under this Promissory Note (after expiration of any applicable cure period); (b) Operator breaches any agreement, representation, or covenant made in this Promissory Note in any material respect; (c) Operator files a petition for bankruptcy, either voluntarily or involuntary; or (d) Operator dissolves or materially ceases to do business. 6. Costs Paid by Operator. If Operator is in default under this Promissory Note, whether or not a suit is filed, Operator agrees to pay the following costs incurred by the City: (a) reasonable costs, fees and expenses of collection, including attorneys' fees paid or incurred in connection with the collection or enforcement of this Promissory Note; and (b) costs, fees and expenses of suit in such sum as the court may adjudge reasonable, including attorneys' fees in any action to enforce payment of this Promissory Note. Any such sums incurred under this Section by the City shall be added to, and considered to be part of, the principal amount owed under this Promissory Note. 7. Waiver. Operator hereby waives diligence, presentment, protest and demand, notice of protest, dishonor and nonpayment of this instrument, and expressly agrees that, without in any way affecting the liability of Operator hereunder, the City may extend any maturity date or the time for payment of any installment due hereunder, accept additional security, release any party liable hereunder or release any security now or hereafter securing this Promissory Note. 8. Indemnification. Operator shall indemnify, defend, protect and hold the City harmless from and against any and all loss, damage, liability, action, cause of action, cost or expense, including, without limitation, reasonable attorneys' fees and expenses incurred by the City, arising as a result of any (i) fraud or material misrepresentation by the Operator under or in connection with the Agreement or related agreements; (ii) intentional bad faith or waste of the Site encumbered by the Deed of Trust; and (iii) losses resulting from Operator's failure to maintain insurance as required under the provisions of the Deed of Trust, and the Agreement. 9. Severability. If any provision of this Promissory Note is determined by a court of competent jurisdiction to be void or unenforceable, such determination shall not affect any other provision of this instrument, and all other provisions hereof shall remain valid and in full force and effect. 10. Non -Waiver. No delay in demanding or failure to demand performance hereunder shall constitute a waiver by the City of its right to subsequently demand such ATTACHMENT 4-3 1470132.1 performance or to exercise any other rights or remedies for any default hereunder. Further, in order to be effective, any waiver of any of the City's rights and remedies hereunder must be expressed in a writing signed by a duly appointed and authorized representative of the City. 11. Joint and Several Obligations. This Promissory Note is the joint and several obligations of all makers, sureties, guarantors, and endorsers, and shall be binding upon them and their successors and assigns. 12. Governing Law. This Promissory Note shall be construed in accordance with and be governed by the laws of the State of California. 13. Time. Time is of the essence in this Promissory Note. 14. Amendments and Modifications. This Promissory Note may not be changed orally, but only by an amendment in writing signed by Operator and the City. 15. Notices. All notices, and other communications made or required to be given pursuant to this Promissory Note shall be in writing and shall be delivered pursuant to any notice as permitted and provided under the Deed of Trust, the Agreement, or Declaration of Covenants. FAMILY PROMISE OF ORANGE COUNTY, INC., a California non-profit corporation Wo Wo 1470132.1 Bernd Steinebrunner, President Sue Currie, Secretary ATTACHMENT 4-4 ACKNOWLEDGEMENT A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. STATE OF CALIFORNIA COUNTY OF ORANGE On , 2021, before me, , Notary Public, personally appeared, who proved to me on the basis of satisfactory evidence to be the person(s) whose name is subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity, and that by his/her/their signature on the instrument the person, or the entity upon behalf of which the person acted, executed the instrument. I certify UNDER PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature (Seal) ATTACHMENT 4-5 1470132.1 ACKNOWLEDGEMENT A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. STATE OF CALIFORNIA COUNTY OF ORANGE On , 2021 before me, , Notary Public, personally appeared, who proved to me on the basis of satisfactory evidence to be the person(s) whose name is subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity, and that by his/her/their signature on the instrument the person, or the entity upon behalf of which the person acted, executed the instrument. I certify UNDER PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature (Seal) ATTACHMENT 4-6 1470132.1 ATTACHMENT NO. 5 Deed of Trust RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: City of Tustin 300 Centennial Way Tustin, California 92780 Attention: City Clerk SPACE ABOVE RESERVED FOR RECORDER'S USE No Fee document pursuant to Government Code Section 27383 DEED OF TRUST AND ASSIGNMENT OF RENTS THIS DEED OF TRUST AND ASSIGNMENT OF RENTS ("Deed of Trust") is made this day of , 2021, by FAMILY PROMISE OF ORANGE COUNTY, INC., a California non-profit corporation ("Operator") as trustor, to trustee ("Trustee"), for the benefit of the CITY OF TUSTIN, a municipal corporation (the "City"). FOR GOOD AND VALUABLE CONSIDERATION, including the indebtedness herein recited, the receipt of which is hereby acknowledged, Operator, hereby irrevocably grants, transfers, conveys and assigns to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of the City, under and subject to the terms and conditions hereinafter set forth, Operator's fee interest in the property commonly known as 1941 El Camino Real, Tustin, California 92780, legally described as follows (the "Site"): THE LAND REFERRED TO IN THIS REPORT IS SITUATED IN THE STATE OF CALIFORNIA, COUNTY OF ORANGE, City OF TUSTIN, AS DESCRIBED AS FOLLOWS: THE NORTHWESTERLY 230 FEET OF THE SOUTHEASTERLY 386 FEET OF THE NORTHEASTERLY 210 FEET OF THE SOUTHWESTERLY 240 FEET OF THE SOUTH QUARTER OF LOT 29 IN BLOCK 12 OF IRVINE'S SUBDIVISION, AS SHOWN ON A MAP RECORDED IN BOOK 1, PAGE 88 OF MISCELLANEOUS RECORD ATTACHMENT 5-1 1470132.1 MAPS, RECORDS OF ORANGE COUNTY, CALIFORNIA. (APN 500- 071-12) TOGETHER WITH all easements, rights-of-way and rights used in connection therewith or as a means of access thereto; and TOGETHER WITH any and all buildings or fixtures thereto, improvements and landscaping of every kind and description now or hereafter erected thereon, and all property of Operator now or hereafter affixed to or placed upon the Site (sometimes collectively referred to as the "Improvements"); and TOGETHER WITH all right, title and interest of Operator, now owned or hereafter acquired, in and to any land lying within the right-of-way of any street, open or proposed, adjoining the Site, and any and all sidewalks, alleys and strips and areas of land adjacent to or used in connection with the Site; and TOGETHER WITH all estate, interest, right, title, or other claim or demand, of every nature, in and to such property, including the Site, both in law and in equity, including, but not limited to, all oil, gas and mineral rights (including royalty and leasehold rights relating thereto), all water and water rights and shares of stock relating thereto, and any and all awards made for the taking by eminent domain or by and proceeding or purchase in lieu thereof of the whole or any part of such property. All of the foregoing, together with the Site and any Improvements, is herein referred to as the "Security". The Security is for the purpose of securing that certain Promissory Note of the same date, in the original principal amount of $ (the "Promissory Note") and any interest, or any other amounts due, that may accumulate thereto, and TO SECURE to the City the obligations and any payments required by that certain Disposition and Development Agreement between the City and Operator, dated , 2020 ("Agreement"), which Agreement is on file with the City, and incorporated herein by this reference; and TO SECURE to the City the performance by Operator of all agreements and adherence to all conditions set forth herein and in any agreements conveying the Site from the City to Operator, including the Grant Deed and Declaration of Covenants; and TO SECURE all renewals, extensions, supplements and other modifications of any of the foregoing, including without limitation modifications that are evidenced by new or additional documents or that change the rate of interest on any obligation; and ATTACHMENT 5-2 1470132.1 TO SECURE the payment of all other sums, with interest thereon, advanced in accordance herewith, to protect the security of this Deed of Trust; and the performance of the covenants and agreements of Operator herein contained. All of the foregoing obligations, as well as those identified hereafter, are referred to collectively herein as the "Operator Covenants." TO PROTECT THE SECURITY OF THIS DEED OF TRUST, Operator AND City COVENANT AND AGREE AS FOLLOWS: 1. Purpose. Pursuant to the Agreement, the City has transferred the Site to Operator for use as short-term transitional housing wherein Operator issued the Promissory Note in favor of the City for the fair market value of the Site. The corresponding debt under the Promissory Note, including accrued interest, is to be reduced by an amount of 1/30 for every Year that Operator uses the Site and operates the Project pursuant to the Agreement, including compliance with the Declaration of Restrictions and Covenants ("Declaration of Covenants") recorded against the Site. This Deed of Trust secures the Promissory Note and any balances remaining going forward, plus any accrued interest. 2. Operator's Estate. Operator represents and warrants that it is lawfully seized of the estate hereby conveyed, that it has the right to grant and convey the Security, and that other than this Deed of Trust, and the Agreement, the Security is not encumbered by any senior liens. Operator agrees to warrant and defend generally the title to the Security against all claims and demands, subject to any declarations, easements or restrictions listed in a schedule of exceptions to coverage in any title insurance policy insuring the City's interest in the Security. 3. Payment of Sums Owed. Operator shall promptly pay to the City any amounts when due under the Agreement and Promissory Note. 4. Operator and Declaration of Covenants. Operator will observe and perform all of the covenants and agreements of the Operator Covenants and Declaration of Covenants, as more specifically contained therein. 5. Transfer of Site byOperator. Prior to expiration of the Maturity Date of the Promissory Note, Operator agrees that Operator shall not sell or transfer the Security except as may be provided in the Agreement, without the prior written consent of City, which the consent the City may withhold in its sole and absolute discretion. 6. Liens. Operator shall not cause, incur, suffer or permit to exist or become effective any lien, encumbrance or charge upon all or any part of the Site, including Improvements, or any interest therein other than (i) easements, rights of way, covenants, conditions, restrictions, liens and other title limitations as provided in the Agreement, or as approved in writing by City, which the consent the City may withhold in its sole and absolute discretion, and (ii) immaterial easements and rights of way which are required by governmental authorities as a condition to the use of the Security ATTACHMENT 5-3 1470132.1 (collectively, the "Permitted Encumbrances"). Operator shall pay and promptly discharge, at Operator's cost and expense, all liens, encumbrances and charges upon the Security, or any part thereof or interest therein other than the Permitted Encumbrances. If Operator shall fail to remove and discharge any such lien, encumbrance, or charge, then, in addition to any other right or remedy of the City, the City may, but shall not be obligated to, discharge the same, without inquiring into the validity of such lien, encumbrance or charge nor inquiring into the existence of any defense or offset thereto, either by paying the amount claimed to be due, or by procuring the discharge of such lien, encumbrance or charge by depositing in court a bond or the amount claimed, or otherwise giving security for such claim, in such manner as is or may be prescribed by law. Operator shall, immediately upon demand by the City, pay to the City an amount equal to all costs and expenses incurred by the City in connection with the exercise by the City of the foregoing right to discharge any such lien, encumbrance or charge, together with interest thereon from the date of such expenditure and, until paid, such sums shall be secured hereby. 7. Preservation and Maintenance of Security. Operator agrees that at all times prior to full payment of the sums owed under the Promissory Note or Agreement, Operator will, maintain, preserve and keep the Security or cause the Security to be maintained and preserved in good condition and repair and in a prudent and businesslike manner. Operator shall maintain insurance to keep the Site adequately insured against loss by fire and such other hazards, casualties and contingencies as may be required and all such insurance shall be evidenced by standard fire and extended coverage insurance policy or policies. Such policies shall be endorsed with standard mortgage clause with loss payable to the City and certificates thereof shall be deposited with the City. 8. Protection of City's Security. a. If there is a Default, as defined hereafter, or if any action or proceeding is commenced which materially affects the City's interest in the Security, then City, at its option and upon notice to Operator, may make such appearances, disburse such sums and take such action as it determines necessary to protect the City's interest, including but not limited to, disbursement of reasonable attorney's fees and necessary repairs to the Security. b. Any amounts disbursed by the City pursuant to Sections 7 and 8 herein, or any other provision of this Deed of Trust or the Promissory Note, will become an indebtedness of Operator secured by this Deed of Trust. Unless Operator and the City agree to other terms of payment, such amount will be payable upon notice from the City to Operator as provided for in Section 17 herein requesting payment thereof, and will bear interest at the rate of three (3) percent unless paid by Operator within thirty (30) days of demand. Nothing contained in this Section will require the City to insure any expense or take any action hereunder. C. In the event that Operator fails to observe or perform any obligations or Operator Covenants, then the City may hold Operator in default, treat the occurrence as a Default pursuant to this Deed of Trust, and take any actions available under this Deed of Trust, Promissory Note, or the Agreement, including, but not limited to, acceleration of any payments due or sale of the Security, as provided for hereafter. ATTACHMENT 5-4 1470132.1 9. Default. Each of the following shall constitute a "Default" under this Deed of Trust: (1) the occurrence of any default or breach of a covenant or condition under the provisions of this Deed of Trust, Promissory Note, Declaration of Covenants, or the Agreement; or (2) the failure to make any payment or perform any of Operator's other obligations, covenants and conditions now or hereafter secured by this Deed of Trust (subject to any applicable cure period). 10. Remedies Upon Default. a. Curable Default. Upon a Default occurring, prior to acceleration of the sums due under the Promissory Note, or satisfaction of any other indebtedness or performance of any other obligations secured hereby, including any covenants and conditions in the Agreement, and Declaration of Covenants, the City shall provide Notice as provided herein to Operator specifying: the Default; ii. if the Default is curable, the action required to cure such Default; iii. a date, not less than thirty (30) days from the date the Notice is effective, by which such Default, if curable, is to be cured; and iv. if the Default is curable, the failure to cure such Default or breach of any covenant or condition on or before the date specified in the notice, or any extension of such time as agreed to in writing by the parties, may result in acceleration of the sums due under the Promissory Note as secured by this Deed of Trust, as well as sale of the Security (collectively, the "Notice of Default"). b. Non -Curable Default. If the Default is not curable or is not cured on or before the date specified in the Notice of Default, the City, at its option, may: i. declare all of the sums secured by this Deed of Trust to be immediately due and payable without further demand, dishonor, presentment, protest, or notice, all of which are hereby expressly waived by Operator, and may invoke the power of sale and any other remedies permitted by California law; ii. commence an action to foreclose this Deed of Trust as a mortgage, or specifically enforce any of the covenants and conditions hereof, iii. deliver to Trustee a written declaration of default and demand for sale, pursuant to the provisions for notice of sale found at California Civil Code Sections 2924, et seq., as amended from time to time; or iv. exercise all other rights and remedies provided herein, the Promissory Note, the Agreement, Declaration of Covenants, or in any other document ATTACHMENT 5-5 1470132.1 or agreement now or hereafter evidencing, creating or securing all or any portion of the obligations secured hereby; or provided by law. C. No Waiver of Remedies. No omission on the part of the City to exercise any options provided herein when entitled to do so shall be construed as a waiver of such right and any remedies provided in this Deed of Trust are in addition to any other remedies the City may have under the Agreement or Declaration of Covenants. The City shall be entitled to collect all reasonable costs and expenses incurred in pursuing the remedies provided in this Section. d. Reimbursement of Costs and Expenses. Operator agrees to pay fees in the maximum amounts legally permitted, or reasonable fees as may be charged by the City and the Trustee when the law provides no maximum limit, for any services that the Trustee or the City may render in connection with this Deed of Trust. Operator shall also pay or reimburse all of the City's and Trustee's costs and expenses which may be incurred in rendering any such services. ii. Operator further agrees to pay or reimburse the City for all costs, expenses and other advances which may be incurred or made by the City or Trustee to protect or preserve the Site or Project or to enforce any terms of this Deed of Trust, including, but not limited to, the exercise of any rights or remedies afforded to the City or Trustee, or both of them, whether any lawsuit is filed or not, or in defending any action or proceeding arising under or relating to this Deed of Trust, including attorneys' fees and other legal costs, costs of any sale of the Site or Project and any cost of evidence of title. iii. Operator shall pay all obligations arising under this subsection immediately upon demand by Trustee or the City. iv. Any obligation of Operator to pay fees and costs of the City shall be added to, and considered to be part of, the principal of the Promissory Note, and shall bear interest from the date the obligation arises at the rate provided in such instrument. 11. Foreclosure by Power of Sale. Should the City elect to foreclose by exercise of the power of sale herein contained, City shall notify Trustee and shall deposit with Trustee this Deed of Trust, and the Promissory Note., which is secured hereby (and the deposit of which shall be deemed to constitute evidence that unpaid amounts due pursuant to the Promissory Note are immediately due and payable), and such receipts and evidence of any expenditures made that are additionally secured hereby as Trustee may require. a. Upon receipt of such notice of election to foreclose from the City, Trustee shall cause to be recorded, published and delivered to Operator the Notice of Default, as outlined above, and City's notice of election to sell as then required by law and by this Deed of Trust. Trustee shall, without demand on Operator, after lapse of such time as may then be required by law and after recordation of a ATTACHMENT 5-6 1470132.1 Notice of Default and after Notice of Sale having been given as required by law, sell the Security, at the time and place of sale fixed by it in said Notice of Sale at public auction to the highest bidder, for cash in lawful money of the United States payable at the time of sale. Trustee shall deliver to such purchaser or purchasers thereof its good and sufficient deed or deeds conveying the property so sold, but without any covenant or warranty, express or implied. The recitals in such deed or any matters of facts shall be conclusive proof of the truthfulness thereof. Any person, including, without limitation Trustee or the City, may purchase at such sale, and Operator hereby covenants to warrant and defend the title of such purchaser or purchasers. b. After deducting all reasonable costs, fees and expenses of Trustee, including costs of evidence of title in connection with such sale, Trustee shall apply the proceeds of sale to payment of: (i) the unpaid amounts due pursuant to the Promissory Note_- (ii) all other sums then secured hereby, as applicable; and (iii) the remainder, if any, to Operator. C. Trustee may postpone sale of all or any portion of the Security by public announcement at such time and place of sale, and from time to time thereafter, and without further notice make such sale at the time fixed by the last postponement, or may, in its discretion, give a new Notice of Sale. 12. Operator's Right to Reinstate. Notwithstanding the City's acceleration of the sums secured by this Deed of Trust, or other actions taken in response to any Default, Operator shall have the right to have any proceedings commenced by the City, to enforce this Deed of Trust, discontinued at any time prior to five (5) days before sale of the Security pursuant to the power of sale contained in this Deed of Trust or at any time prior to entry of a judgment enforcing this Deed of Trust if: a. Operator pays the City all sums which would be then due under this Deed of Trust, or the Promissory Note, as applicable; b. Operator cures all Defaults set forth in a Notice of Default; Operator pays all reasonable expenses incurred by the City and Trustee in enforcing the covenants and agreements of Operator contained in this Deed of Trust, and in enforcing the City's and Trustee's remedies, including, but not limited to, reasonable attorney's fees, as applicable; and d. Operator takes such action as the City may reasonably require assuring that the lien of this Deed of Trust, the City's interest in the Security and Operator's obligation to act under the Agreement or Declaration of Covenants, or to pay the sums secured by this Deed of Trust shall continue unimpaired. Upon such payment and cure by Operator, this Deed of Trust and the obligations secured hereby shall remain in full force and effect as if no acceleration had occurred. ATTACHMENT 5-7 1470132.1 13. Forbearance by City Not a Waiver. Any forbearance by the City in exercising any right or remedy shall not be a waiver of the exercise of any such right or remedy, nor shall acceptance by the City of any payment provided for in the Promissory Note constitute a waiver of the City's right to require prompt payment of any remaining amounts owed. The procurement of insurance or the payment of taxes or other liens or charges by City shall not be a waiver of the City's right to accelerate the maturity of the indebtedness secured by this Deed of Trust. 14. Remedies Cumulative. All remedies provided in this Deed of Trust are distinct and cumulative to any other right or remedy under this Deed of Trust or any other document, including the Agreement, Grant Deed, Declaration of Covenants, or Promissory Note-, or afforded by law or equity, and may be exercised concurrently, independently or successively at the discretion of the City. 15. Reconvevance. Upon payment of all sums secured by this Deed of Trust, as set forth in the Promissory Note, and compliance with the Agreement, City shall request Trustee to reconvey the Security and shall surrender this Deed of Trust and the Promissory Note to Trustee. Trustee shall reconvey the Security without warranty and without charge to the person or persons legally entitled thereto. Such person or persons shall pay all costs of recordation, if any. 16. Substitute Trustee. The City, at its option, may from time to time remove Trustee and appoint a successor trustee to any Trustee appointed hereunder. The successor trustee shall succeed to all the title, power and duties conferred upon Trustee herein and by applicable law, 17. Notice. Any approval, disapproval, demand, document, or other form of notice (collectively, "Notice"), which either Party may desire to give to the other Party, must be in writing and delivered either personally, by a nationally recognized commercial delivery services (i.e., FedEx or UPS), or by registered or certified mail with postage prepaid, that provides a receipt verifying the date and time of delivery. Notices shall be directed to the address or addresses of the Party as set forth below, or to any other address or addresses as that Party may later designate by Notice delivered in accordance with this Section. To: Tustin Housing Authority 300 Centennial Way Tustin, California 92780 Attention: Executive Director Phone: (714) 573-3117 Fax No.: (714) 669-0976 with a copy to: The City of Tustin 300 Centennial Way Tustin, California 92780 Attention: City Manager Phone: (714) 573-3010 Fax No.: (714) 838-1602 ATTACHMENT 5-8 1470132.1 To Operator: Family Promise of Orange County, Inc. 310 West Broadway Anaheim, California 92805 Attention: President/CEO Phone: (714) 353-0428 Fax No.: (714) 787-3489 with a copy to: Managing Partner Cummins & White 2424 South East Bristol, Suite 300 Newport Beach, CA. 92660 If required, a copy to: Home Aid Orange County, Scott Larson I Executive Director 24 Executive Park, Suite 100 Irvine, CA 92614 Phone: (949) 777- 3865 Any Notice shall be deemed received immediately on the date delivered by hand or by a commercial delivery services and shall be deemed received on the third day from the date it is postmarked if delivered by registered or certified mail. 18. Joint and Several Liability. All covenants and agreements of Operator shall be joint and several. 19. Nondiscrimination. Operator herein covenants by and for itself, its heirs, executors, administrators, and assigns, and all persons claiming under or through them, that it shall comply with all applicable federal and state laws and regulations prohibiting discrimination by Operator in the selection, location, number, use, or occupancy of tenants, lessees, subtenants, sublessees, or vendees in the Site. The foregoing covenants shall run with the land. 20. Governing Law. This Deed of Trust shall be governed by the laws of the State of California. 21. Severability. Every provision of this Deed of Trust is intended to be severable. In the event any term or provision hereof is declared to be illegal or invalid for any reason whatsoever by a court or other body of competent jurisdiction, such illegality or invalidity shall not affect the balance of the terms and provisions hereof, which terms and provisions shall remain binding and enforceable. If the lien of this Deed of Trust is invalid or unenforceable as to any part of the debt, or if the lien is invalid or unenforceable as to any part of the Security, the unsecured or partially secured portion of the debt, and all payments made on the debt, whether voluntary or under foreclosure or other enforcement action or procedure, shall be considered to have been first paid or applied to the full payment of that portion of the debt which is not secured or partially secured by the lien of this Deed of Trust. ATTACHMENT 5-9 1470132.1 22. Further Assurances. Operator, upon the request of Trustee, will execute, acknowledge, deliver and record and/or file such further instruments and do such further acts as may be necessary, desirable or proper to carry out more effectively the purpose of this Deed of Trust and to subject to the liens hereof any property intended by the terms hereof to be covered thereby, including specifically but without limitation, any renewals, additions, substitutions, replacements, betterments or appurtenances to the then secured Site. 23. Covenants Running with the Land. All obligations contained in this Deed of Trust, and documents referenced herein are intended by the parties to be, and shall be construed as, covenants running with the Site. 24. Modification. This Trust Deed and documents referenced herein contain the entire agreements between the parties relating to the subject matter of the Site and all prior agreements relative thereto which are not contained therein are terminated. This Trust Deed may only be amended, revised, waived, discharged, released or terminated by a written instrument executed by all parties. Any alleged amendment, revision, waiver, discharge, release or termination which is not so documented shall not be effective as to any party. 25. Assignment of Rents. To further secure the full and timely payment of all obligations under this Deed of Trust, Grant Deed, Declaration of Covenants, or Promissory Note, Operator hereby grants to the City a security interest in all the rights of Operator as landlord and all other rights, titles and interests, in, to and under any leases for the Site, and all rents that arise, accrue or are derived from the Site, whether or not pursuant to any lease. A demand on any tenant by the City for the payment of rent shall be sufficient to warrant said tenant to make future payments of rent to the City without the necessity of any consent by Operator. Upon or at any time during the continuance of a Default, Operator shall deliver to City all amounts received by Operator under the leases and Beneficiary shall have the right to apply all amounts it receives with respect to the leases (regardless of whether the City receives such amounts from Operator, the tenants. or otherwise) to the payment, in any order or manner at its sole discretion, to cure the Default. THE CITY SHALL NOT BE OBLIGATED TO PERFORM OR DISCHARGE, NOR DOES IT HEREBY UNDERTAKE TO PERFORM OR DISCHARGE, ANY OBLIGATION, DUTY OR LIABILITY UNDER ANY LEASE FOR THE PROPERTY, OR UNDER OR BY REASON OF THIS DEED OF TRUST, AND OPERATOR SHALL AND DOES HEREBY AGREE TO DEFEND, INDEMNIFY AND HOLD THE CITY HARMLESS FOR AND FROM ANY AND ALL LIABILITY, LOSS OR DAMAGE WHICH IT MAY OR MIGHT INCUR UNDER ANY CLAIM ARISING FROM OR RELATING TO ANY TENANT OR LEASE OF THE PROPERTY, OR UNDER OR BY REASON OF THIS SECTION AND OF AND FROM ANY AND ALL CLAIMS AND DEMANDS WHATSOEVER WHICH MAY BE ASSERTED AGAINST IT BY REASON OF ANY ALLEGED OBLIGATIONS OR UNDERTAKINGS ON ITS PART TO PERFORM OR DISCHARGE ANY OF THE TERMS, COVENANTS OR AGREEMENTS CONTAINED IN ANY OF THE LEASES OR THIS DEED OF TRUST. IF THE CITY INCURS ANY SUCH LIABILITY, LOSS OR DAMAGE HEREUNDER BY REASON OF THIS SECTION, OR IN THE DEFENSE OF ANY SUCH CLAIMS OR DEMANDS, THE AMOUNT THEREOF, INCLUDING ALL ATTACHMENT 5-10 1470132.1 COSTS, EXPENSES AND REASONABLE ATTORNEYS' FEES, SHALL BE SECURED HEREBY, AND OPERATOR SHALL REIMBURSE THE CITY IMMEDIATELY UPON DEMAND. 26. Captions. The captions and headings in this Deed of Trust are for convenience only and are not to be used to interpret or define the provisions hereof 27. Exhibits. Any exhibits referred to in this Deed of Trust are incorporated herein by such reference. IN WITNESS WHEREOF, Operator has executed this Deed of Trust as of the date first written above. TRUSTOR/OPERATOR: FAMILY PROMISE OF ORANGE COUNTY, INC., a California non-profit corporation WE 1470132.1 Bernd Steinebrunner, President Sue Currie, Secretary ATTACHMENT 5-11 ACKNOWLEDGEMENT A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. STATE OF CALIFORNIA ) COUNTY OF ORANGE ) On , 2021, before me, , Notary Public, personally appeared, who proved to me on the basis of satisfactory evidence to be the person(s) whose name is subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity, and that by his/her/their signature on the instrument the person, or the entity upon behalf of which the person acted, executed the instrument. I certify UNDER PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature (Seal) ATTACHMENT 5-12 1470132.1 ACKNOWLEDGEMENT A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. STATE OF CALIFORNIA ) COUNTY OF ORANGE ) On , 2021, before me, , Notary Public, personally appeared, who proved to me on the basis of satisfactory evidence to be the person(s) whose name is subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity, and that by his/her/their signature on the instrument the person, or the entity upon behalf of which the person acted, executed the instrument. I certify UNDER PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature (Seal) ATTACHMENT 5-13 1470132.1 ATTACHMENT NO. 6 Certificate of Completion CERTIFICATE OF COMPLETION OF CONSTRUCTION AND DEVELOPMENT This CERTIFICATE OF COMPLETION OF CONSTRUCTION AND DEVELOPMENT (the "Certificate of Completion") is made by the CITY OF TUSTIN, a municipal corporation ("Tustin") and TUSTIN HOUSING AUTHORITY, a local housing authority ("Authority"), in favor of FAMILY PROMISE OF ORANGE COUNTY, INC., a California non-profit corporation (the "Operator"), as of the date set forth below. RECITALS A. The City and Operator have entered into that certain Disposition and Development Agreement dated , 2020 (the "DDA") concerning the development of certain real property at 1941 El Camino Real, Tustin, California 92780, legally described as follows (the "Site"): THE LAND REFERRED TO IN THIS REPORT IS SITUATED IN THE STATE OF CALIFORNIA, COUNTY OF ORANGE, City OF TUSTIN, AS DESCRIBED AS FOLLOWS: THE NORTHWESTERLY 230 FEET OF THE SOUTHEASTERLY 386 FEET OF THE NORTHEASTERLY 210 FEET OF THE SOUTHWESTERLY 240 FEET OF THE SOUTH QUARTER OF LOT 29 IN BLOCK 12 OF IRVINE'S SUBDIVISION, AS SHOWN ON A MAP RECORDED IN BOOK 1, PAGE 88 OF MISCELLANEOUS RECORD MAPS, RECORDS OF ORANGE COUNTY, CALIFORNIA. (APN 500-071-12) B. As required by the DDA in Section 4.4 and elsewhere, Tustin and the Authority (collectively, the "City") is required to furnish the Operator with this Certificate of Completion upon completion of construction of the Improvements, inclusive of the issuance of a Certificate of Occupancy by the City for the Project. This Certificate of Completion is conclusive determination of satisfactory completion of the construction and development of the Improvements and completion of the Project as required by the DDA. ATTACHMENT 6-1 1470132.1 NOW THEREFORE: 1. As provided in the DDA, the City does hereby certify that the construction of the Improvements has been satisfactorily performed and completed in conformance with the DDA. 2. This Certificate of Completion does not constitute evidence of compliance with or satisfaction of any obligation of Operator to any holder of a mortgage or any insurer of a mortgage security, or money loaned to finance the work of construction of Improvements and development of the Site, or any part thereof. This Certificate of Completion is not a notice of completion as referred to in Section 3093 of the California Civil Code. IN WITNESS WHEREOF, the City has executed this Certificate as of this day of 20 CITY OF TUSTIN, a municipal corporation, Loan Matthew S. West, City Manager ATTEST: W. Erica N. Yasuda, City Clerk APPROVED AS TO FORM: David E. Kendig, City Attorney Housing Authority General Counsel ATTACHMENT 6-2 1470132.1 ATTACHMENT NO. 7 Declaration of Covenants and Restrictions RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: City of Tustin 300 Centennial Way Tustin, California 92780 Attention: City Clerk SPACE ABOVE RESERVED FOR RECORDER'S USE This document is exempt from recording fee pursuant to Government Code §§ 6103 and 27383 DECLARATION OF COVENANTS AND RESTRICTIONS This DECLARATION OF COVENANTS AND RESTRICTIONS ("Declaration of Covenants") is made as of this day of 2021, by and between FAMILY PROMISE OF ORANGE COUNTY, INC., a California non-profit corporation ("Operator"), the CITY OF TUSTIN, a municipal corporation ("Tustin") and the TUSTIN HOUSING AUTHORITY, a local housing authority ("Authority"), with reference to the following facts: A. Tustin and the Authority (collectively and individually, hereinafter, the "City") is the previous owner of that certain real property at 1941 El Camino Real, City of Tustin, County of Orange, designated as Assessor's Parcel Number 500-071-12, consisting of approximately 16,550 square feet and legally described in Exhibit A, which is incorporated herein (the "Site"). B. The City and Operator have entered into that certain Disposition and Development Agreement dated 2020 concerning the development of the Site (the "Agreement"). C. As a material condition and consideration for entering into the Agreement, among other things, the City sold the Site to Operator and Operator agreed to develop and operate the Site exclusively for short-term transitional housing with an associated community resource center for a period of at least 55 years. D. Pursuant to the Agreement, among other things, Operator executed a promissory note in favor of the City in the amount of ($ ) ("Promissory Note") secured by a Deed of Trust and Assignment of Rents (the "Deed of Trust"). ATTACHMENT 7-1 1470132.1 E. As a material condition and consideration for entering into the Agreement, the City agreed to accept the Promissory Note and Deed of Trust from the Operator for the Site on the condition that the Site be continually and exclusively maintained and operated in accordance with covenants and restrictions concerning the operation and maintenance of the Project (defined below) as specified herein and the Scope of Services and Placement Criteria, respectively attached hereto as Exhibit B and Exhibit C, which are incorporated herein by this reference. F. The following covenants and restrictions are recorded against the Site and Project as material consideration for the City entering into the Agreement. NOW, THEREFORE, the City and Operator hereby declare that the following express restrictions and covenants are to be taken and construed as running with the Site and Project, including as set forth in California Civil Code section 1460, and, except as set forth below, shall pass to and be binding upon Operator and its successors, assigns, heirs, grantees or lessees to the of Project, or any part thereof, from the date of when a Certificate of Occupancy by the City is issued for the Project and ending fifty-five (55) years thereafter (the Covenant Period) as evidenced by and within the Certificate of Project Covenant Period. Section 1. Definitions. The following definitions shall apply in this Declaration of Covenants and all other capitalized terms used, but not defined herein, shall have the meanings given to them in the Agreement: (a) "Deed of Trust" shall mean that certain Deed of Trust dated ,_, 20 executed by Operator, as trustor, in favor of the City, as beneficiary, securing Operator's obligations under the Promissory Note and recorded against the Project. (b) "Director" shall mean the Executive Director of the Housing Authority, or as otherwise designated by the City. (c) "Gross Income" shall mean as the term is defined by California Code of Regulations Title 25, §6914 as the anticipated income of a person or family for the twelve-month period following the date of determination of income. To make the projection, "a `snapshot' of the household's current circumstances is used to project future income. Today's circumstances should be assumed to continue for the next 12 months unless there is verifiable evidence to the contrary." (d) "Indemnified Parties" shall have the meaning set forth in Section 10 of this Declaration of Covenants. (e) "Maximum Rental Rate" shall mean a monthly Rent for a Unit that does not exceed thirty percent (30%) of the Gross Incomes of the Qualified Family. (f) "Project" shall mean the Site and all associated Improvements built upon the Site that are required by the Agreement and to be operated by Operator in conformity with the Agreement, Deed of Trust, and this Declaration of Covenants, including but not limited to, any related offsite improvements, all recreational and common area improvements, resource center, residential units, landscaping, parking and related improvements, as the same may from time to time exist on the Site. ATTACHMENT 7-2 1470132.1 (g) "Project Documents" means, collectively, this Agreement, the Declaration of Covenants, the Deed of Trust, the Promissory Note, all other Attachments to this Agreement, and any other agreement, document, or instrument that are required in connection with the execution of this Agreement, or from time to time to effectuate the purposes of the Agreement, including the Project Plans. (h) "Qualified Family/Qualified Families" shall mean a family qualified to live in a Unit as provided for herein and as further set forth in the Placement Criteria in Exhibit C attached hereto, with such criterion for selection as may be amended from time -to -time in writing by the Operator upon approval in writing by the Director in his or her sole discretion, and such selection criteria may further be amended from time -to -time in the Director's reasonable discretion. The paramount factor for any selection criteria shall be occupancy of the Project is the verified need for housing with preference given first and foremost to homeless families with direct ties to the City and secondarily to households with the lowest level of income, taking into account reasonable adjustments for smaller and larger families, but in no event shall a Qualified Family consist of a household whose household income is eighty - percent (80%) over the Orange County Annual Median Income. Homeless families for the purposes of this Declaration of Covenants shall mean families that either currently either lack shelter, or have shelter that is so inadequate, temporary, or insecure that the situation threatens the social, psychological, or physical health of the family and do not have the financial means to immediately secure shelter for the family. Unless otherwise agreed to in writing by the Director, a "Qualified Family" must comprise of at least one minor child accompanied by an adult who is a parent, or legal or de facto guardian of such child and who have resided together as a unit immediately prior to seeking housing at the Project. (i) "Rent" shall mean the total of monthly payments by the Qualified Family for occupancy of a Unit and for any and all social assistance programs or services that may be provided to a Qualified Family in connection with the Project, including, but not limited to, fees and charges for the following: (a) use and occupancy of the Unit, common areas, associated physical facilities, and parking; (b) any educational, welfare, health or other social program that would otherwise be charged to a Qualified Family if not occupying a Unit; and (c) any other separately charged fees or service charges assessed by the Operator, which are required of all Qualified Families, other than security deposits. Rent shall be determined in an amount to allow for the cost of participation in any social assistance programs or services provided in connection with the Project and an adequate and reasonable level of service for utilities, including garbage collection, sewer, water, electricity, gas and other heating, cooking, refrigeration or fuel, but not telephone service or cable TV; common area maintenance, and to cover the costs of any other interest, taxes, fees or charges for use of the land or associated facilities and assessed by a public or private entity other than the Operator. Rent for a Unit shall not exceed the Maximum Rental Rate. ATTACHMENT 7-3 1470132.1 (j) "Scope of Services" means the final approved Scope of Services submitted by the Operator approved in writing by the City, attached hereto as Exhibit `B" and incorporated herein by this reference, and as may be amended. (k) "Short -Term Transitional Housing" means the provision of short-term transitional housing for a Qualified Family for the Scope of Services and per the Placement Criteria, respectively set forth in Exhibit `B" and Exhibit "C" attached hereto, but with requisite goal of the Qualified Family transitioning out of the Project within 3 to 6 months from the beginning of the assistance and in no event, shall any occupancy at the Project by a Qualified Family exceed 12 months unless otherwise approved by the City in writing. (1) "Term" shall mean the term of this Declaration of Covenants, which shall be set forth in the Certificate of Qualified Project Period to be recorded by the Parties. (m) "Unit" shall mean any one of the seven (7) residential housing units comprising the Project existing on the Site to be occupied by a Qualified Family. Section 2. Residential Use. The Project shall be operated continually and solely for Short -Term Transitional Housing during the Term by Qualified Families. Section 3. Occupancy of Units. The Operator covenants and warrants to the City the following: (a) No Unit shall be used or occupied by any person that has a familial, business, or other economic relationship with Operator, it employees, or officers. (b) No Unit shall be used or occupied by any person(s) other than a Qualified Family for Short -Term Transitional Housing. (c) No Unit shall be occupied by a Qualified Family for more than one (1) year. (d) No Unit shall be occupied by more than two persons per bedroom plus one. (e) The Project shall be operated at all times in compliance with all applicable provisions existing at the time of. (a) the Unruh Act, (b) the United States Fair Housing Act, as amended, excluding 42 U.S.C. Section 3607(a) and 24 CFR 100; (c) the California Fair Employment and Housing Act, Government Code Section 12900 et seq. and (d) any other applicable law or regulation (including the Americans With Disabilities Act, to the extent applicable to the Project) (collectively, the "Housing Statutes"). Operator agrees to indemnify, protect, hold harmless and defend (by legal counsel reasonably satisfactory to the City), the City and its board members, officers and employees, from all suits, actions, claims, causes of action, costs, demands, judgments and liens arising out of Operator's failure to comply with applicable legal requirements of the Housing ATTACHMENT 7-4 1470132.1 Statutes. The provisions of this subsection shall survive expiration of the Term, and shall remain in full force and effect. (f) Upon a Qualified Family failing to meet the definition of a Qualified Family, then Operator shall immediately provide to the Qualified Family reasonable notice, or notice as required by law, to vacate the Unit and use due diligence to cause the Qualified Family to vacate the Unit. Operator shall develop and implement appropriate verification procedures to ensure all Units of the Project are continually occupied and used by a Qualified Family. If requested by the City, Operator shall provide the City with a copy of its written verification procedures. Section 4. Allowable Rent. A Qualified Family occupying a Unit will be charged a monthly Rent or Program Fee based on their income. In no event, shall any monthly Rent and Program Fee combined to be charged to a Qualified Family for a Unit exceed the Maximum Rental Rate of more than 30% of their gross income. Section 5. Termination of Occunancv. Upon termination of any occupancy of a Unit, Operator shall seek to find a new occupant for such Unit as soon as is reasonably possible in compliance with the Placement Criteria, attached hereto (Exhibit C), or as otherwise amended. Section 6. Records. Operator shall maintain complete, accurate and current records, information and materials pertaining to the Project sufficient to support a detailed and customary in the industry an annual and fiscal performance report as provided for in Section 7 herein and shall permit any duly authorized representative of the City to inspect such records upon the City providing five (5) days' written Notice to Operator. All such records and information shall at all times be kept separate and identifiable from any other business of Operator and shall be maintained in a reasonable condition for proper audit and subject to examination at the Site during normal business hours by representatives of City. Operator shall retain copies of all such records, information and materials for a period of at least five (5) years. Section 7. Performance. Operator shall fulfill the reporting requirements specified in this Declaration of Covenants for the full Term, unless otherwise specifically provided in a writing recorded by the Parties hereto, and, at a minimum, perform the following: (a) Operator shall complete and submit an Annual Performance Report ("APR") Information Form prepared by the Operator on an annual basis no later than 90 days after its end of tax year. The APR Information Form shall consist of a cumulative reporting of project -related accomplishments relative to the attached Placement Criteria and Scope of Services and provide information as reasonably practical that is consistent with City of Tustin transitional housing guidelines as established by the City and Director, which by way of example such reporting shall at a minimum include the information set forth in Sample Transitional Housing Report attached ATTACHMENT 7-5 1470132.1 hereto and incorporated herein by reference as Exhibit D. Operator acknowledges that the APR Information Form, is a monitoring tool that will be reviewed and evaluated to determine Operator's level of accomplishments relative to this Declaration of Covenants. (b) Within six (6) months after the end of Organization's fiscal year, Organization shall provide to City a copy of Organization's audited, if available, or reviewed financial statements. (c) The City shall be entitled to monitor the performance of Operator and the Operator shall provide access to the Project and such information regarding its operations of the Project to ensure Operator's compliance with its approved Scope of Services. Non-compliance with the Scope of Services, as reasonably determined by the City, and failure to use the Units for Qualified Families, will constitute non-compliance with this Declaration of Covenants, and shall be considered a Default under the Project Documents, entitling the City to exercise the remedies provided therein. (d) In addition to the APR, the Director may require more frequent periodic reports regarding the operation of the Project, including, but not limited to, by way of example, financial statements, or monthly reports on the demographics of the families utilizing the Project and its services. (e) The City and Operator acknowledge that formatting or information requested on any report may be changed from time to time by the City and the City will notify Operator of such changes and provide updated requirements. (f) Beginning five (5) years after the recording of this Declaration of Covenants and thereafter, no less than five (5) years after its most recent demand, the City shall have a right to demand a financial audit to be conducted by Operator at Operator's sole cost and expense, wherein Operator shall complete the audit and provide the results of such audit to the City in a timely and reasonable manner. If in the City's sole determination any substantive fraud or misrepresentation is discovered by the audit, the City shall have the right to demand annual audits of Operator at Operator's cost and expense until the City reasonably believes the deficiencies have been remedied. At any time, the City has concerns about the Operator's finances, the City and its authorized representatives shall have the right to conduct a financial audit and examine the Operator at the City's initial cost and expense. In this regard, the Operator shall make copies of or extracts from all financial and related records (in whatever form they may be kept, whether written, electronic, or other) kept by, or under the direction or control of the Operator relating or pertaining to the business and operations of the Operator. If the financial audit conducted by the City discovers substantive findings of fraud or misrepresentation, the Operator shall immediately reimburse the City upon written demand for all costs and fees related to the audit. In addition, the City shall have the right to demand annual audits of the Operator at the Operator's expense until the City reasonably believes the deficiencies have been remedied. ATTACHMENT 7-6 1470132.1 Section 8. On -Site Inspection. The City shall have the right to perform an on-site inspection of the Project, including the interior of the Units and in, on and about the entire Site upon five (5) business days' written notice and as a condition of occupancy of any Unit, each Qualified Family shall agree to permit the City to inspect a Unit as provided herein and notify the Qualified Family of and have the Qualified Family agree to the assignment of Rents provision in the Deed of Trust. Operator agrees to cooperate in the inspection of the Project, including the Site and Units. Section 9. Property Operations and Maintenance, Compliance with Law and Insurance. Operator agrees, for the entire Term of this Declaration of Covenants to operate, and maintain the Site and Project in a good and a first-class condition. It shall constitute an event of Default herein if Operator fails to do so as to the Site and Project, and if such Default continues for a period of thirty (30) days after written notice from the City with respect to graffiti, debris, waste material, general maintenance, or other condition that the City determines in its reasonable discretion to constitute a nuisance, or sixty (60) days after written notice from the City with respect to any other condition of the Site or Project, including, but not limited to, any environmental hazards, violations of the California Building Code and ADA requirements, landscaping, and building improvements (interior, exterior, superficial, or structural), then the City, in addition to whatever other remedy it may have at law or in equity, shall have the right to enter upon the Site and perform or cause to be performed all such acts and work necessary to cure the Default. Pursuant to such right of entry, the City shall be permitted (but is not required) to enter upon the Site and perform all acts and work necessary to protect, maintain, and preserve the improvements and landscaped areas on the Site, to assess the Site and Project for the costs of such work, and to attach a lien on the Site. Operator shall promptly pay to the City, as applicable the amount of the expenditures arising from such acts and work of protection, maintenance, and preservation by the City and/or costs of such cure, which amount shall be promptly paid by the Operator to the City upon written demand. Nothing herein shall limit any other rights and remedies the City may have under the Project Documents. Operator shall at all times maintain property damage insurance covering the Project, which includes the Improvements thereon, in an amount of not less than the replacement cost of the Project. Such insurance shall be issued by an insurance company authorized to do business in the State of California with a current A.M. Best's rating of no less than A-, VII. Operator shall provide the City with certificates of insurance evidencing that this coverage is in full force and effect. In the event any such insurance lapses or is modified, Operator shall immediately notify the City. Failure to maintain insurance as required herein shall constitute a Default of this Declaration of Covenants and the Agreement. Section 10. Indemnity. To the fullest extent permitted by law, the Operator agrees to indemnify, hold harmless and defend the City and its elected officials, officers, employees, attorneys and agents (collectively, the "Indemnified Parties"), from and against any and all losses, damages, claims, actions, liabilities, costs and expenses of any and every conceivable nature, kind or character (including, without limitation, reasonable attorneys' fees, litigation and court costs, amounts paid in settlement and amounts paid to discharge judgments) to which the Indemnified Parties, or any of them, may become subject to under any statutory law (including federal or state securities laws) or at common law or otherwise, arising out of or based upon or in any way relating to: ATTACHMENT 7-7 1470132.1 (a) This Declaration of Covenants or the execution or amendment thereof or in connection with the transactions contemplated thereby; (b) Operator's ownership or operation of the Project or any act or omission of the Operator or any of its agents, contractors, servants, employees or licensees in connection with the Project, the operation of the Project, or the condition, environmental or otherwise, occupancy, use, possession, conduct or management of work done in or about, or from the planning, design, acquisition, installation, operation or rehabilitation of, the Project or any part thereof, (c) Any violation of any environmental law, rule or regulation with respect to, or the release of any toxic substance from, the Project or any part thereof, except to the extent such damages are caused by the gross negligence or willful misconduct of such Indemnified Party. In the event that any action or proceeding is brought against any Indemnified Party with respect to which indemnity may be sought thereunder, the Operator, upon written notice from the Indemnified Party, shall assume the investigation and defense thereof, including the employment and payment for of counsel selected by the Indemnified Party, and shall assume the payment of all expenses related thereto, with full power to litigate, compromise or settle the same; provided that the Indemnified Party shall have the right to review and approve or disapprove any such compromise or settlement. Section 11. Management ReMonsibilities. Operator is solely responsible, subject to its obligations set forth herein and the Agreement, for all management functions with respect to the Project, including without limitation the selection of Qualified Families, evictions, collection of rents and deposits, maintenance, landscaping, routine and extraordinary repairs, replacement of capital items, and security. Operator shall provide supportive services on an as -needed basis as described in the Scope of Services. The City shall have no responsibility over management of the Project. Section 12. Prohibited Activity/Non-Discrimination. Operator covenants by and for itself, its heirs, executors, administrators, and assigns, and all persons claiming under or through them, that it shall comply with all applicable federal and state laws and regulations prohibiting discrimination by Operator in the selection, location, number, use, or occupancy of tenants, lessees, subtenants, sublessees, or vendees in the Property. The foregoing covenants shall run with the land. Section 13. Compliance with Terms of the Proiect Documents. Operator shall comply with all the terms and provisions of the Project Documents. Section 14. Declaration of Covenants Run with the Land. Each and every contract, deed, lease, or other instrument covering or conveying the Site or Project, or any portion thereof, shall conclusively be held to have accepted and been executed and delivered subject to this Declaration of Covenants, be subject to the covenants and restrictions contained herein regardless of whether such covenants and restrictions are set forth in such contract, deed, lease or other instruments, and to greatest extent possible as permitted by law run with the land. ATTACHMENT 7-8 1470132.1 Section 15. Default and Enforcement by City. If Operator fails to perform any obligation or violates any warranty, covenant, or restriction under this Declaration of Covenants including, but not limited to Sections 2, 3, 4, 7, 9, 12 and 13, it shall constitute a "Default." If the City in its reasonable discretion determines that the Default is curable and Operator fails to cure the Default within thirty (30) days after the City has given Notice to Operator of the Default, or in the reasonable determination by the City, Operator has not immediately, with due diligence, commenced to cure, correct or remedy the specified Default and shall be capable of completing such cure, correction, or remedy with diligence, the City shall have the right to proceed with any and all remedies set forth in this Declaration of Covenants and/or the Project Documents or otherwise available at law or in equity or by statute (and all of the City's rights and remedies shall be cumulative), and including, but not limited to the following: (a) Power of Termination. The Parties acknowledge that the Site is being conveyed to Operator by the Grant Deed on the condition that it shall be used in compliance with the Declaration of Covenants, which includes use by Qualified Families for Short -Term Transitional Housing, and if this use is discontinued and Operator is in Default under the Declaration of Covenants, after any applicable period of cure, the City shall have the power to terminate all right, title, and interest in the Site in the manner provided by law in exercising such power of termination; provided that this provision does not preclude the Parties from at some point in the future modifying the use of the Site and Project upon written amendment to this Declaration of Covenants. (b) Acceleration of Promissory Note. Upon default under the Project Documents, and after expiration of any allowable period to cure such default, the City shall have the right to cause all indebtedness of the Operator to the City under the Promissory Note, together with any accrued interest thereon, to become immediately due and payable; provided that the remedy of acceleration of the Promissory Note shall only be available if (1) the City does not exercise its Power of Termination; and (2) the City first makes demand upon Operator to re -convey the Site and Project to the City and Operator fails to do so within ninety (90) days of such demand. Operator waives all right to presentment, demand, protest or notice of protest, or dishonor. The City may proceed to enforce payment of the indebtedness and to exercise any or all rights afforded to the City as a creditor and secured party under the law, including the Uniform Commercial Code or foreclosure under the Deed of Trust. The Operator shall be liable to pay the City on demand all expenses, costs and fees (including, without limitation, attorneys' fees and expenses) paid or incurred by the City in connection with the collection on the Promissory Note and the preservation, maintenance, protection, sale, or other disposition of the security given under the Promissory Note. (c) Specific Performance. The City shall have the right to mandamus or other suit, action or proceeding at law or in equity to require Operator to perform its obligations and covenants under this Declaration of Covenants and/or the Project Documents or to enjoin acts on things which may be unlawful or in violation of the provisions of this Declaration of Covenants and/or the Project Documents. (d) Right to Cure at Operator's Expense. The City shall have the right to cure any monetary default by Operator under this Declaration of Covenants. Operator agrees ATTACHMENT 7-9 1470132.1 to reimburse the City for any funds advanced by the City to cure a monetary default by Operator upon demand therefore, together with interest thereon at the rate of three percent (3%) per annum or the maximum rate permitted by law, whichever rate is less, from the date of expenditure until the date of reimbursement. (e) Remedies Cumulative. No right, power, or remedy given to the City by the terms of this Declaration of Covenants or the Project Documents is intended to be exclusive of any other right, power, or remedy; and each and every such right, power, or remedy shall be cumulative and in addition to every other right, power, or remedy given to the City by the terms of any such instrument, or by any statute or otherwise against Operator and any other person. Neither the failure nor any delay on the part of the City to exercise any such rights and remedies shall operate as a waiver thereof, nor shall any single or partial exercise by the City of any such right or remedy preclude any other or further exercise of such right or remedy, or any other right or remedy; provided that City shall exercise such remedies in the order described in Paragraph 15(b) above. (f) Waiver of Terms and Conditions. No waiver of any Default or breach by Operator hereunder shall be implied from any omission by the City to take action on account of such Default if such Default persists or is repeated, and no express waiver shall affect any Default other than the Default specified in the waiver, and such waiver shall be operative only for the time and to the extent therein stated. Waivers of any covenant, term, or condition contained herein shall not be construed as a waiver of any subsequent breach of the same covenant, term, or condition. The consent or approval by the City to or of any act by Operator requiring further consent or approval shall not be deemed to waive or render unnecessary the consent or approval to or of any subsequent similar act. The exercise of any right, power, or remedy shall in no event constitute a cure or a waiver of any default under this Declaration of Covenants or the Project Documents, nor shall it invalidate any act done pursuant to a Notice of Default, or prejudice the City in the exercise of any right, power, or remedy hereunder or under the Project Documents, unless in the exercise of any such right, power, or remedy all obligations of Operator to the City are paid and discharged in full. If Operator fails to perform any obligation or violates any warranty, covenant or restriction under this Declaration of Covenants, and if in the sole and absolute discretion of the City, the Default is not curable as determined solely by the City, the City shall have the right to immediately proceed with any and all remedies set forth above and/or the Project Documents or otherwise available at law or in equity or by statute (and all of the City's rights and remedies shall be cumulative). Section 16. Attornevs' Fees and Costs. In any action brought to enforce this Declaration of Covenants, the prevailing party shall be entitled to all costs and expenses of suit, including reasonable attorneys' fees. This section shall be interpreted in accordance with California Civil Code Section 1717 and judicial decisions interpreting that statute. Section 17. Recording and Filing. ATTACHMENT 7-10 1470132.1 City and Operator shall cause this Declaration of Covenants, and all amendments and supplements to it, to be recorded in the Official Records of the County of Orange. Section 18. Governing Law and Jurisdiction. This Declaration of Covenants shall be governed by the laws of the State of California and jurisdiction for any action shall be with the Superior Courts of the County of Orange. Section 19. Waiver of Requirements. Any of the requirements of this Declaration of Covenants may be expressly waived by City only in writing, but no waiver by City of any requirement of this Declaration of Covenants shall, or shall be deemed to, extend to or affect any other provision of this Declaration of Covenants. Section 20. Amendments. This Declaration of Covenants may be amended only by a written instrument executed by all the parties hereto or their successors in title, and duly recorded in the real property records of County of Orange. Section 21. Notices Any approval, disapproval, demand, document or other form of notice (collectively, "Notice") which either Party may desire to give to the other Party under this Agreement must be in writing and delivered either personally, by a nationally recognized commercial delivery services (i.e., FedEx or UPS), or by registered or certified mail with postage prepaid, that provides a receipt verifying the date and time of delivery. Notices shall be directed to the address or addresses of the Party as set forth below, or to any other address or addresses as that Party may later designate by Notice delivered in accordance with this Section. To: Tustin Housing Authority 300 Centennial Way Tustin, California 92780 Attention: Executive Director Phone: (714) 573-3117 Fax No.: (714) 669-0976 with a copy to: The City of Tustin 300 Centennial Way Tustin, California 92780 Attention: City Manager Phone: (714) 573-3010 Fax No.: (714) 838-1602 To Operator: Family Promise of Orange County, Inc. 310 West Broadway Anaheim, California 92805 Attention: President/CEO ATTACHMENT 7-11 1470132.1 Phone: (714) 353-0428 Fax No.: (714) 787-3489 with a copy to: Managing Partner Cummins & White 2424 South East Bristol, Suite 300 Newport Beach, CA. 92660 with a copy to: Home Aid Orange County, Scott Larson I Executive Director 24 Executive Park, Suite 100 Irvine, CA 92614 Phone: (949) 777- 3865 Any Notice shall be deemed received immediately on the date delivered by hand or by a commercial delivery services and shall be deemed received on the third day from the date it is postmarked if delivered by registered or certified mail. Section 22. Severability. If any provision of this Declaration of Covenants shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining portions of this Declaration of Covenants shall not in any way be affected or impaired thereby. Section 23. Multiple Originals; Counterparts. This Declaration of Covenants may be executed in multiple originals, each of which is deemed to be an original, and may be signed in counterparts. IN WITNESS WHEREOF, Operator and the City have executed this Declaration of Covenants as of the date first above written. FAMILY PROMISE OF ORANGE COUNTY, INC., a California non-profit corporation Bernd Steinebrunner, President Sue Currie, Secretary CITY OF TUSTIN, a municipal corporation, Matthew S. West, City Manager ATTACHMENT 7-12 1470132.1 ATTEST: Erica N. Yasuda, City Clerk TUSTIN HOUSING AUTHORITY, a local housing authority, m. Matthew S. West, Executive Director ATTEST: Erica N. Yasuda, Clerk of the Board APPROVED AS TO FORM: David E. Kendig, City Attorney Housing Authority General Counsel ATTACHMENT 7-13 1470132.1 EXHIBIT A Legal Description 1941 El Camino Real, Tustin, CA 92780 THE LAND REFERRED TO IN THIS REPORT IS SITUATED IN THE STATE OF CALIFORNIA, COUNTY OF ORANGE, City OF TUSTIN, AS DESCRIBED AS FOLLOWS: THE NORTHWESTERLY 230 FEET OF THE SOUTHEASTERLY 386 FEET OF THE NORTHEASTERLY 210 FEET OF THE SOUTHWESTERLY 240 FEET OF THE SOUTH QUARTER OF LOT 29 IN BLOCK 12 OF IRVINE'S SUBDIVISION, AS SHOWN ON A MAP RECORDED IN BOOK 1, PAGE 88 OF MISCELLANEOUS RECORD MAPS, RECORDS OF ORANGE COUNTY, CALIFORNIA. APN 500-071-12 ATTACHMENT 7-14 1470132.1 EXHIBIT B House of Ruth — Short-term Transitional Housing Program Scope of Services Family Promise will provide participants in the Short-term Transitional Housing program following supportive services: • 90-180 Days of transitional shelter (extensions determined on case-by-case basis) • Career & Workforce Development • Weekly Case Management • Individual and Family Therapy • Budgeting • Credit Repair • Connected with County of Orange's Coordinated Entry and VI-SPDAT • Financial Literacy • Supplemental Food, Diapers and Supplies • Referral to social services and other community resources • Diversion and prevention services, including Rental Assistance and Rapid - Rehousing • Voluntary 2 -year Graduate Support Service The House of Ruth Community Resource Center will provide the following resources and services to Tustin residents and any family experiencing homelessness: • Community Resources • Laundry room • Computers • Telephones • Case Management support seven days a week • Playground ATTACHMENT 7-15 1470132.1 EXHIBIT C House of Ruth — Short-term Transitional Housing Program Placement Criteria A. 5 POINTS OF ENTRY FOR TUSTIN PREFERENCE To provide that families with ties to Tustin receive preferential placement Family Promise will maintain a waiting list of Tustin families referred by the following collaborative partners: (1) City of Tustin (on website as Community Resource) (2) Tustin Police Department, liaison for Tustin's Emergency Shelter (3) 211 Orange County (4) 18 other shelter providers in the Family Solutions Collaborative, noted in the system that Family Promise is for families with ties to Tustin. (5) County of Orange Coordinated Entry System Family Promise will use commercially reasonable efforts through these referral sources to provide that the residences have preferential placement to families with ties to Tustin. B. THE DECLARATION OF COVENANTS All the selection criteria for occupancy of a Unit by a Qualified Family set forth in the DDA are incorporated herein by this reference, which, for the sake of repetition as well as addition, shall include the following: (1) The Project shall be used solely for Qualified Family/Qualified Families, as defined in the DDA, with the paramount factor for any selection criteria being preference given first and foremost to homeless families with direct ties to the City and secondarily to households with the lowest level of income, taking into account reasonable adjustments for smaller and larger families, but in no event shall a Qualified Family consist of a household whose household income is eighty -percent (80%) over the Orange County Annual Median Income. Unless otherwise agreed to in writing by the Director, a "Qualified Family" must comprise of at least one minor child accompanied by an adult who is a parent, or legal or de faeto guardian of such child and who have resided together as a unit immediately prior to seeking housing at the Project. (2) Operator shall be responsible for the selection of families to occupy the Project and at a minimum, selection shall be limited to homeless families, which shall mean families that currently either lack shelter, or have shelter that is so inadequate, temporary, or insecure that the situation threatens the social, ATTACHMENT 7-16 1470132.1 psychological, or physical health of the family and do not have the financial means to immediately secure shelter for the family. Any change in the placement criteria must be approved in writing by the City and the City may require the placement criteria be amended from time -to -time in the Director's reasonable discretion upon written notice to Operator. The paramount factor for any selection criteria shall be that families with ties to the City of Tustin will receive preferential placement and use its best efforts to have all Units occupied by families with direct ties to the City, and if any Unit becomes unoccupied, then Operator shall hold open the Unit for at least fifteen (15) days in an effort to fill the Unit with a family that has direct ties to the City and if none of the Units are occupied by families with direct ties to the City then when a Unit becomes available it shall be held open for up to thirty (30) days in an effort to fill the Unit with a family with Tustin ties and upon the expiration of this 30 -day waiting period, no family with direct City ties has filled the vacant Unit, then while the Project remains fully occupied, any subsequent family with direct City ties seeking transitional housing at the Project shall be given first priority and preference by Family Promise to all other facilities controlled by Family Promise providing transitional, short-term, or emergency housing within the County of Orange upon such family meeting applicable program and housing requirements of such Family Promise controlled facility. (3) No Unit shall be used or occupied by any person that has a familial, business, or other economic relationship with Operator, it employees, or officers. (4) No Unit shall be used or occupied by any person(s) other than a Qualified Family for Short -Term Transitional Housing. (5) No Unit shall be occupied by a Qualified Family for more than one (1) year unless otherwise approved by the City in writing. (6) No Unit shall be occupied by more than two persons per bedroom plus one. (7) The Project shall be operated at all times in compliance with all applicable provisions existing at the time of. (a) the Unruh Act, (b) the United States Fair Housing Act, as amended, excluding 42 U.S.C. Section 3607(a) and 24 CFR 100; (c) the California Fair Employment and Housing Act, Government Code Section 12900 et seq. and (d) any other applicable law or regulation (including the Americans With Disabilities Act, to the extent applicable to the Project) (collectively, the "Housing Statutes"). Operator agrees to indemnify, protect, hold harmless and defend (by legal counsel reasonably satisfactory to the City), the City and its board members, officers and employees, from all suits, actions, claims, causes of action, costs, demands, judgments and liens arising out of Operator's failure to comply with applicable legal requirements of the Housing Statutes. The provisions of this subsection shall survive expiration of the Term, and shall remain in full force and effect. (8) Upon a Qualified Family failing to meet the definition of a Qualified Family, then Operator shall immediately provide to the Qualified Family reasonable notice, or notice as required by law, to vacate the Unit and use due diligence to ATTACHMENT 7-17 1470132.1 cause the Qualified Family to vacate the Unit. Operator shall develop and implement appropriate verification procedures to ensure all Units of the Project are continually occupied and used by a Qualified Family. If requested by the City, Operator shall provide the City with a copy of its written verification procedures. C. TUSTIN FAMILY TIES. The parties to the DDA and the Declaration of Covenants acknowledge that the purpose of the Project is to provide assistance to Qualified Families as defined therein, which definition gives preference to families with direct ties to the City of Tustin and to determine such familial ties to the City of Tustin and the degree of such ties, the following criteria shall be used: (1) The family seeking housing must have their last permanent residential address in the City as demonstrated by proof of any one or more of the following: a. Driver's License b. Utility Bill C. Rental Agreement d. Bank Statements C. Car Registration f. Other documentation that demonstrates a last permanent address in Tustin. (2) In the alternative, if the family cannot establish their last permanent residential address in the City, the family may be considered a Qualified Family if any one or more of the following are demonstrated: a. Children are enrolled in City schools b. Members of the family are employed in the City C. Members of the family graduated from a City high school ATTACHMENT 7-18 1470132.1 EXHIBIT D House of Ruth — Short-term Transitional Housing Program SAMPLE TRANSITIONAL HOUSING REPORT ATTACHMENT 7-19 1470132.1 TRANSITIONAL HOUSING Total # Adults 18 - 62 Adults 62+ Children 0 -18 Disabled Men Women Men Women Preschool School Families served in [year] Families currently being served as of year end Families served with direct City ties PERMANENT HOUSING Total # Ownership Rental Subsidized Unsubsidized Subsidized Unsubsidized Families moved into permanent housing Families moved in with other ............................................ family Families moved for other reasons ............................................ ............................................ EMPLOYMENT # Employed before entering # Obtained # Lost job while in the the program Employment during the program and currently program unemployed # Lost job while in the #Unemployed # Received a promotion program but found a new throughout the while in the program one program # Received a raise while in Average % Income # Received a pay the program increase while in the reduction while in the program program EDUCATION # Attending College before # Enrolled in College # Receiving a college entering the program during the program degree or certificate during the program # Enrolled in a trade school # of adults completing # of children completing or other specialized training GED or obtaining HS GED or obtaining HS during the program Diploma during the Diploma during the program program # Enrolled into a GED # of preschoolers # of preschoolers in program during the program enrolled in an Early child care Start or Head Start program COUNSELING # Families receiving # of Adults receiving # of children receiving counseling/life skills training counseling/life skills counseling during the during the program during the program program ATTACHMENT 7-19 1470132.1 Hours ! Hours Hours Vacancy Vacancy rate %for each unit 1 2 3 4 5 6 7 # of total days of vacancy for entry) each unit Average days stayed per family at Project # of families seeking shelter at Project Main reasons families rejected for stay at Project Rent Total rent received from families 1 2 3 4 5 6 7 for each unit Total rent: Operating Expenses/Income Total operating expenses for Project Total income for Project Total In-kind contributions (est. $) Placement Referral Source # of families from each 1 2 3 4 5 placement source (5 points of entry) ATTACHMENT 7-20 1470132.1 Additional Comments: ATTACHMENT 7-21 1470132.1 ACKNOWLEDGMENT A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. STATE OF CALIFORNIA COUNTY OF ORANGE On , 2021, before me, , Notary Public, personally appeared , who proved to me on the basis of satisfactory evidence to be the person(s) whose name is subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity, and that by his/her/their signature on the instrument the person, or the entity upon behalf of which the person acted, executed the instrument. I certify UNDER PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature (seal) ATTACHMENT 7-22 1470132.1 ACKNOWLEDGMENT A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. STATE OF CALIFORNIA COUNTY OF ORANGE On , 2021, before me, , Notary Public, personally appeared , who proved to me on the basis of satisfactory evidence to be the person(s) whose name is subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity, and that by his/her/their signature on the instrument the person, or the entity upon behalf of which the person acted, executed the instrument. I certify UNDER PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature (seal) ATTACHMENT 7-23 1470132.1 ATTACHMENT NO. 8 Schedule of Performance FAMILYPROMISE OF ORANGE COUNTY ATTACHMENT 8-1 1470132.1 ACTION I TIMING Preliminary Construction Budget Submit prior to DDA execution Preliminary Operations Budget Submit prior to DDA execution DDA EXECUTION FINANCING - CONSTRUCTION Commence Capital Fundraising 18 -month campaign Campaign Initial Phase Prior to DDA execution and first 3 months after DDA execution a. Identify, Enlist and Educate Campaign Chair b. Develop Campaign Budget c. Build Major Gift Prospect Lists d. Finalize Capital Campaign Plan and Present to Board e. One-to-one meetings with board members f. Secure Capital Campaign Committee Members g. Draft the Case Statement & Marketing Materials h. Hire Capital Campaign Consultant i. Provide update report to the City 3 months after DDA execution Leadership Phase 3 to 9 months after DDA execution a. Continue Soliciting Major Gifts from Prospect List b. Produce campaign Literature and Case Statement c. Conduct Prospect Screening and Rating d. Provide update reports to the City, 6 months and 9 months after DDA execution 25% of cash goal raised at 6 months per Cost Breakdown for Project (Attachment 14) 5 to 14 months after DDA execution ATTACHMENT 8-2 1470132.1 ACTION TIMING Public Phase a. Public Kick-off Event b. Continue Adding Names to Major Prospect List c. Continue Donor Contact and Cultivation d. Continue Major Gifts Solicitation e. Distribute Campaign information to News Media f. Enlist, Organize and Train Volunteers g. Continued Recognition of Major Gift Donors 12 months after DDA execution h. Provide update report to the City, 50% of cash goal raised at 12 months 14 to 18 months after DDA execution Wrap-up Phase a. Final requests for major gifts and naming opportunities b. Financial analysis and projection c. Discuss securing "gap" financing 15 and 18 months after DDA execution d. Provide update report to the City, 75% of cash goal raised at 15 months and 100% of cash goal raised at 18 months Updated Construction Budget 12 months after DDA execution Updated Construction Budget and 15 months after DDA execution HomeAid In -Kind Contributions Letter (In -Kind contributions are at minimum of 85% of In -Kind goal) Final Construction Budget Prior to Closing Complete Fundraising Efforts for 18 months after DDA execution — prior to Closing Construction — 100% of cash goal Submit written proof (DDA Section 3.1(c); Section 4.18(a)) FINANCING - OPERATIONS ATTACHMENT 8-3 1470132.1 ACTION I TIMING Initial House of Ruth Operations Prior to DDA execution Budget Operator Financials Statements — Upon publication Year Ended December 31, 2019 Updated House of Ruth Operations 15 months after to DDA execution Budget Final Operations Budget Prior to Closing Operator Financials Statements — Upon publication Year Ended December 31, 2020 Complete Fundraising Efforts for 18 18 months after DDA execution — prior to Closing months of Operations — 100% Submit written proof to the City (DDA Section 3.1(c); Section 4.18(a)) ENTITLEMENTS Operator submits Concept Plan and 9 months after DDA execution Design Review Application, Density Bonus (Housing Agreement), and conditional use permit applications, as applicable, which are with related drawings and documents to the City Begin negotiating Development 9 months after DDA execution Agreement (DA) & Housing Agreement, per Density Bonus requirements Entitlements & Design Approved — 15 months after DDA execution Planning Commission Entitlements & Design Approved — City Council 1 st & 2nd Reading 15 to 18 months after DDA execution City and Family Promise execute Development Agreement (DA) CONSTRUCTION DRAWINGS Operator submits grading plans Submit plans within 15 months of the execution of the DDA. Operator submits construction Submit construction drawings and related documents drawings and related documents within 15 months of execution of DDA. ATTACHMENT 8-4 1470132.1 ACTION I TIMING Site - permit ready 118 months after DDA execution - Condition to Close Escrow PRE -CONVEYANCE City orders an appraisal of the 3 months prior to conveyance property (DDA section 2.3) City opens Escrow (DDA Section 2.4) 3 months prior to conveyance Operator submits preliminary title 3 months prior to conveyance report (DDA Section 2.11) Operator provides written notice to the 2 months prior to conveyance City of the Operator's approval or disapproval of any of the preliminary title report Exceptions CONVEYANCE AND CONSTRUCTION City conveys property to Family 18 months after DDA execution Promise Operator commences grading 2 months after conveyance Operator commences vertical 3 months after conveyance construction Operator completes construction of 24 months after conveyance improvements CERTIFICATE OF COMPLETION Operator submits request for issuance Within thirty (30) days from the date all conditions of the Certificate of Completion to City precedent to issuance are satisfied, Operator shall submit a certification of satisfaction of all conditions precedent and a request for issuance of Certificate of Completion; no outstanding performance bonds will be returned until approval by the City of the Certificate of Completion. The City approves or disapproves the Within fifteen (15) business days following submission of request for issuance of the Certificate request for Certificate of Completion and satisfaction of all of Completion conditions precedent set forth in Agreement for the same. City shall cause the Recording of the Within five (5) business days following issuance of Certificate of Completion Certificate of Compliance by City ATTACHMENT 8-5 1470132.1 ATTACHMENT NO.9 Hazardous Materials Definition "Hazardous Materials" shall also mean any substance, material, or waste which is or becomes, regulated by any local governmental authority, the State, or the United States Government, including, but not limited to, any material or substance which is (i) defined as a "hazardous waste," "extremely hazardous waste," or "restricted hazardous waste" under Section 25115, 25117 or 25122.7, or listed pursuant to Section 25140 of the California Health and Safety Code, Division 20, Chapter 6.5 (Hazardous Waste Control Law)), (ii) defined as a "hazardous substance" under Section 25316 of the California Health and Safety Code, Division 20, Chapter 6.8 (Carpenter -Presley - Tanner Hazardous Substance Account Act), (iii) defined as a "hazardous material," "hazardous substance," or "hazardous waste" under Section 25501 of the California Health and Safety Code, Division 20, Chapter 6.95 (Hazardous Materials Release Response Plans and Inventory), (iv) defined as a "hazardous substance" under Section 25281 of the California Health and Safety Code, Division 20, Chapter 6.7 (Underground Storage of Hazardous Substances), (v) petroleum, (vi) friable asbestos, (vii) polychlorinated byphenyls, (viii) methyl tertiary butyl ether, (ix) listed under Article 9 or defined as "hazardous" or "extremely hazardous" pursuant to Article 11 of Title 22 of the California Code of Regulations, Division 4, Chapter 20, (x) designated as "hazardous substances" pursuant to Section 311 of the Clean Water Act (33 U.S.C. §1317), (xi) defined as a "hazardous waste" pursuant to Section 1004 of the Resource Conservation and Recovery Act, 42 U.S.C. §§6901, et seq. (42 U.S.C. §6903) or (xii) defined as "hazardous substances" pursuant to Section 101 of the Comprehensive Environmental Response, Compensation, and Liability Act, 42 U.S.C.§§9601, et seq. ATTACHMENT 9 1470132.1 ATTACHMENT NO. 10 Memorandum of Agreement RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: City of Tustin 300 Centennial Way Tustin, California 92780 Attention: City Clerk Space Above for Recorder's Office Use This document is exempt from recording fee pursuant to Government Code §§ 6103 and 27383 MEMORANDUM OF DISPOSITION AND DEVELOPMENT AGREEMENT This MEMORANDUM OF DISPOSITION AND DEVELOPMENT AGREEMENT ("Memorandum") is entered into as of , 2020, by and between FAMILY PROMISE OF ORANGE COUNTY, INC., a California non-profit corporation ("Operator"), on the one hand, and CITY OF TUSTIN, a municipal corporation ("Tustin") and the TUSTIN HOUSING AUTHORITY, a local housing authority ("Authority") (collectively, Tustin and Authority are referred to herein as the "City") on the other, with reference to the following facts: RECITALS A. Operator and the City have entered into that certain unrecorded Disposition and Development Agreement dated as of 2020 (the "DDA"). All capitalized terms used herein without definition shall have the same meanings as assigned in the DDA. B. The DDA concerns the development by Operator of Assessor's Parcel No. 500- 071-12 located in the City of Tustin, County of Orange, State of California, commonly referred to as 1941 El Camino Real, Tustin, CA 92780, which is legally described in Exhibit A attached hereto and depicted in the Site Map attached hereto as Exhibit `B" (hereafter, the "Site"). ATTACHMENT 10 1470132.1 C. Operator and the City desire to provide notice that the DDA, among other things, restricts the development, use, ownership and conveyance of the Site. NOW, THEREFORE, in consideration of mutual covenants set forth herein, Operator and the City hereby agree as follows: 1. Development of the Site. Pursuant to the DDA, the City is conveying the Site to the Operator on the condition that the Operator develop the Site for use as a short-term transitional housing pursuant to the DDA. 2. Use of the Site. The Site will be restricted in its uses pursuant to a recorded Declaration of Restrictions and Covenants, which will govern the Site and Project for fifty-five years and such Covenant Period shall be evidenced within and conclusively established by the Certificate of Project Covenant Period to be recorded by the Parties. 3. Right of Reversion and Right of Repurchase. The DDA contains a right of reversion right, and a right of repurchase upon default of Operator. 4. Copy of DDA. A copy of the DDA may be obtained from the City Clerk of the City. 5. Incorporation of DDA. The DDA is incorporated herein by reference. This Memorandum is being recorded to put the public on notice of the DDA and in no event shall this Memorandum be interpreted as altering the terms and conditions of the DDA. In the event of any inconsistency between this Memorandum and the DDA, the DDA shall control. 6. Miscellaneous. This Memorandum shall be governed by and construed under the laws of the State of California with jurisdiction lying with the Superior Court of the County of Orange. This Memorandum may not be modified except by written instrument signed by authorized representatives of both parties. This Memorandum shall be binding upon the Operator's and the City's successors and assigns. 7. Counterparts. This Memorandum may be executed in two or more counterparts. IN WITNESS WHEREOF, Operator, City and Authority have duly executed this Memorandum as of the date first written above. FAMILY PROMISE OF ORANGE COUNTY, INC., a California non-profit corporation I: 1470132.1 Bernd Steinebrunner, President ATTACHMENT 10 IN Sue Currie, Secretary CITY OF TUSTIN, a municipal corporation, IN Matthew S. West, City Manager ATTEST: IN Erica N. Yasuda, City Clerk TUSTIN HOUSING AUTHORITY, a local housing authority, IIn Matthew S. West, Executive Director ATTEST: Erica N. Yasuda, Clerk of the Board APPROVED AS TO FORM: LOW David E. Kendig, City Attorney Housing Authority General Counsel ATTACHMENT 10 1470132.1 EXHIBIT A Legal Description 1941 El Camino Real, Tustin, CA 92780 THE LAND REFERRED TO IN THIS REPORT IS SITUATED IN THE STATE OF CALIFORNIA, COUNTY OF ORANGE, City OF TUSTIN, AS DESCRIBED AS FOLLOWS: THE NORTHWESTERLY 230 FEET OF THE SOUTHEASTERLY 386 FEET OF THE NORTHEASTERLY 210 FEET OF THE SOUTHWESTERLY 240 FEET OF THE SOUTH QUARTER OF LOT 29 IN BLOCK 12 OF IRVINE'S SUBDIVISION, AS SHOWN ON A MAP RECORDED IN BOOK 1, PAGE 88 OF MISCELLANEOUS RECORD MAPS, RECORDS OF ORANGE COUNTY, CALIFORNIA. APN 500-071-12 ATTACHMENT 10 1470132.1 EXHIBIT B Site Map - 7-F INL• . 1941 El Camino Real ti #' f► y a: rpl r 7. �r �r r y .Pr r Apr +k .� `• ATTACHMENT 10 1470132.1 ATTACHMENT NO. 11 Certificate of Project Covenant Period RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: City of Tustin 300 Centennial Way Tustin, California 92780 Attention: City Clerk Space Above for Recorder's Office Use This document is exempt from recording fee pursuant to Government Code §§ 6103 and 27383 CERTIFICATE OF PROJECT COVENANT PERIOD The CITY OF TUSTIN, a municipal corporation ("City"), the TUSTIN HOUSING AUTHORITY, a local housing authority ("Authority") (collectively, the City and Authority are referred to herein as the "City") and FAMILY PROMISE OF ORANGE COUNTY, INC., a California non-profit corporation ("Operator"), have entered into that certain Disposition and Development Agreement dated '2020 (the "DDA") concerning the development of certain real property situated in the City of Tustin, California designated as Assessor Parcel Number 500-071-12, assigned the address of 1941 El Camino Real, Tustin, California (the "Site"). Pursuant to the DDA, the City and Operator entered into that certain Declaration of Restrictions and Covenants dated as of , 2021, and recorded in the Official Records of Orange County as Document No. ("Declaration of Covenants"), imposing among other things, a 55 -year covenant period commencing upon the issuance of a Certificate of Occupancy by the City for the Project. The City has issued to Operator the Certificate of Occupancy and thus, the Covenant Period, as defined in the DDA and the Declaration of Covenants for the Project commenced on and will terminate no earlier than FAMILY PROMISE OF ORANGE COUNTY, INC., a California non-profit corporation wo Bernd Steinebrunner, President ATTACHMENT 11-1 1470132.1 Sue Currie, Secretary CITY OF TUSTIN, a municipal corporation, Matthew S. West, City Manager ATTEST: WE Erica N. Yasuda, City Clerk TUSTIN HOUSING AUTHORITY, a local housing authority, Matthew S. West, Executive Director ATTEST: Erica N. Yasuda, Clerk of the Board APPROVED AS TO FORM: 1.2 David E. Kendig, City Attorney Housing Authority General Counsel ATTACHMENT 11-2 1470132.1 ATTACHMENT NO. 12 Preliminary Site Plans ATTACHMENT 12 1470132.1 Family Prom isr DO Orange Cau nt7 House of Ruth Project TACKLE 1 ESTIMATED CONSTRUCTION COSTS Land GPf-Sibei InfrasbiteLure On -Site Impravernerds Garage Snell iRemdent®I Buildings Snell Costs Contractor Feesi General Conditions Canstnuctmn Bonds Canfingenry Allvxance Total blrect Coats OL Ondiirecl Cos[s Archilemm, Engineering L Cansulling Pubic Permits & Fees Taxes. Legal & Accounting Insurance Marketing & Leasing Capitalized Operating Reserves Developer Fee fawner cmtntauLim to MomeAidj Canfingency Total Indirect Cost% ATTACHMENT NO. 13 Cost Breakdown for Project 16,100 5l Land 30 P^,sf AJk:r mDa 12,873.45& 18,1130 SSLmd ;16 iSf Spaces PSp 8,164 Sf G9Ak 6170 1,Sf 20% Cuirimuc9icn Cbsu 32,0112,686 4% CursAruction Costs S Fres. Taxes, -Egal & ArcounGn , Wirkeiing & Lezmi 8% Crlher Direal. C.iasds Resen+®s, Devebpr Fee $ Contingenry 8,1151 S1G8A 327+1.18 PSS 12.2% Direre Coasts 7 Unk3 322,822 PUnit 1.8% Direcl Costs 1.1% Direci Crests 7 Unr1s 5180 Wait 7 Unrls 52,571 PUrik 5% Direct Costs 5.1% Other Indirect Costs OEslinaled at i4 3804,4081 Inc. in On -Site M9,17.5 Inc. in Res Smell $1,377,000 S333,21-5 X85,084 #168,818 $2.221,100 70,D6i1 9189,754 S'D64 $25,D00 ;11,054 ;18,044 $11 1,D" #33,064 ;lfBrtiR+li OIL Total Construction Costs T Unit: SA 10,%5 Unil 12,873.45& EzNmalM. In -kl n d contn bution s '• 38% ing 1.3601 Estlmaled Fu nds Needed for Ca nslrucllun T Units sl11T,514 32,0112,686 " Eslin aged u• cid ranvibumns calculalion does noL iinciu6e the rolawing n The Total Ccowmaicn Costs: Corrsbuclion Bands, Publc Permits S Fres. Taxes, -Egal & ArcounGn , Wirkeiing & Lezmi , Capitalized Opemling Resen+®s, Devebpr Fee $ Contingenry IV. Famlfy Prumise Furnisheka■ & Campam orn C�multant Cammunily Resource Room Furnishings 1 Units 52,440 .Ur L $2,4134 Apartnreqt Furnishings. T Urrils 315,1340 iLir L 5145,064 Capilal Campaign Consultant {Ona Tin a Fear} 7 Units 318,714 PUrrt ;75,064 Total Fumishings & Campaign CaTnultant ;ilIZ401) M "oral Construction C asts T Ura t $118,6135 PUnll 42,8T3,11,66 -otal Furnishings S Campaign Consultant IINAOO6 _OTAL PROJECT COSTS ;3,05a,m -ess Estimated In-kind contributions 961.3601 STIMATEDFUNDS NEEDED-TOTALPROJECT 7 Units ;313,511 12,194,916 ATTACHMENT 14 1470132.1 TABLE 2 ESTWATEDOPERATING BUDGET A. Annual Pr -pram Income Pr" ra m Flee Orc TJearc`arn , 850 SI 1 Units) @ S56D ihlrarrlh Two-7Aeilmam , 650 Si 4 Urias] SBSD aMomh Three-Oedroarn �g 1,1005f 2 Units) 51.125 Wnlh LaurrirydMksc. income 6 Washeri 133 AlDnlh If several leers Di rent. add addlicnal celu-nns. program bveamE ILesSI: VaCancy$ CalleClnn 10.0% Grass income Effective Pragram lnoome 7 Units 59,909 !Llai Yeady0peraling Expenses Annual Funds Heeded - Gap between Program Income and Operading Expenses B. Ooeratnng ERoenses Gererol-Qperatny Expenses 7 Units @ 52,5OD A-Ini properly Taxes lafler exernplion1 7 Units @ $75 !Ur11 Salaries Isee b&o v; 7 Units ;22,969 )Um UliMmm IUnil1 7 Units SZOG —Inti -M nth Laund-y.Resaurce Center Utilities 1 Unit x.25 jUrn(mmm Cmsuilanl costs (yearly) 7 Units S2,5013 A -Ino Replacem"L Reserve 7 Units $250 JUrCI 0peralirg Reserve 7 Unit X50 A.Inil Capitm, Rmerre 7 Units '$1501Und Total Pearly Operating Expenses 7 Units 531,158.43 )Ural C. Sa1irie9. local ),tarty HOR pertrar E .25 FT€ 77,800.19.40D Housing NavigDlm .50 FTE 52,000 28,1)OD Case Manager 1:1) FTE 52,000 $52,000 Commur y Im.cacl Manager.5b FTE 35,000 3.1 i`,50D Janilonal & hlatnlenance Tech .50 FTE 27,00 $13.520 Payrdl Tmxes WC & Ins 20,000 S15,1)01) 263mO S143.42D Annual! Cnnsullant Fees total HQR porbor GralL Wr'.er 15,000 Sl Cr.C•O: Danal!eeper 15,000 S. 101, 30.000 W. `_Cis TOTAL SALARIES 3160.920 38,�D �O,9cfc 7, D00 32;44D �78,9A0 (#7,440 ib4,3tiU Y 21.9, 09 5 314A,735 X17,500 3525 3180,920 S18,9W S 3011 V 7, 50D 31,7511 31,750 31,I)w �.Q r I�ifl:'.R�ifaPilill�ri�'f:l�da]�i)iF1'W:YRS+f�>P::T�?r11:�t1dT1�.A:k'i�i�•&'S.1�T,:�+Ir]:i'�?",�Id'UI+7,51 ;�A"if�kl E. ESTIMATED FUNDS NEEDED C04STRUCTION V, 194,990 ESTIMATED FUNDS NEEDED - 18 MONTHS OPERATING EXPENSES LESS PROGRAM INCOME �223,1D3 TOTAL ESTIMATED FUNDS TO BE RABEf1 #2,A111,iY9A ATTACHMENT 14 1470132.1 ATTACHMENT 14 1470132.1 ATTACHMENT NO. 14 PLACEMENT CRITERIA A. FIVE POINTS OF ENTRY FOR TUSTIN PREFERENCE To provide that families with ties to Tustin receive preferential placement Family Promise will maintain a waiting list of Tustin families referred by the following collaborative partners: (1) City of Tustin (on website as Community Resource) (2) Tustin Police Department, liaison for Tustin's Emergency Shelter (3) 211 Orange County (4) 18 other shelter providers in the Family Solutions Collaborative, noted in the system that Family Promise is for families with ties to Tustin. (5) County of Orange Coordinated Entry System Family Promise will use commercially reasonable efforts through these referral sources to provide that the residences have preferential placement to families with ties to Tustin. B. THE DECLARATION OF COVENANTS All the selection criteria for occupancy of a Unit by a Qualified Family set forth in the DDA and the Declaration of Covenants are incorporated herein by this reference, which, for the sake of repetition as well as addition, shall include the following: (1) The Project shall be used solely for Qualified Family/Qualified Families, as defined in the DDA, with the paramount factor for any selection criteria being preference given first and foremost to homeless families with direct ties to the City and secondarily to households with the lowest level of income, taking into account reasonable adjustments for smaller and larger families, but in no event shall a Qualified Family consist of a household whose household income is eighty -percent (80%) over the Orange County Annual Median Income. Unless otherwise agreed to in writing by the Director, a "Qualified Family" must comprise of at least one minor child accompanied by an adult who is a parent, or legal or de facto guardian of such child and who have resided together as a unit immediately prior to seeking housing at the Project. (2) No Unit shall be used or occupied by any person that has a familial, business, or other economic relationship with Operator, it employees, or officers. ATTACHMENT 14 1470132.1 (3) No Unit shall be used or occupied by any person(s) other than a Qualified Family for Short -Term Transitional Housing. (4) No Unit shall be occupied by a Qualified Family for more than one (1) year unless otherwise approved by the City in writing. (5) No Unit shall be occupied by more than two persons per bedroom plus one. (6) The Project shall be operated at all times in compliance with all applicable provisions existing at the time of. (a) the Unruh Act, (b) the United States Fair Housing Act, as amended, excluding 42 U.S.C. Section 3607(a) and 24 CFR 100; (c) the California Fair Employment and Housing Act, Government Code Section 12900 et seq. and (d) any other applicable law or regulation (including the Americans With Disabilities Act, to the extent applicable to the Project) (collectively, the "Housing Statutes"). Operator agrees to indemnify, protect, hold harmless and defend (by legal counsel reasonably satisfactory to the City), the City and its board members, officers and employees, from all suits, actions, claims, causes of action, costs, demands, judgments and liens arising out of Operator's failure to comply with applicable legal requirements of the Housing Statutes. The provisions of this subsection shall survive expiration of the Term, and shall remain in full force and effect. (7) Upon a Qualified Family failing to meet the definition of a Qualified Family, then Operator shall immediately provide to the Qualified Family reasonable notice, or notice as required by law, to vacate the Unit and use due diligence to cause the Qualified Family to vacate the Unit. Operator shall develop and implement appropriate verification procedures to ensure all Units of the Project are continually occupied and used by a Qualified Family. If requested by the City, Operator shall provide the City with a copy of its written verification procedures. C. TUSTIN FAMILY TIES. The parties to the DDA and the Declaration of Covenants acknowledge that the purpose of the Project is to provide assistance to Qualified Families as defined therein, which definition gives preference to families with direct ties to the City of Tustin and to determine such familial ties to the City of Tustin and the degree of such ties, the following criteria shall be used: (1) The family seeking housing must have their last permanent residential address in the City as demonstrated by proof of any one or more of the following: a. Driver's License b. Utility Bill c. Rental Agreement d. Bank Statements e. Car Registration ATTACHMENT 14 1470132.1 f. Other documentation that demonstrates a last permanent address in Tustin. (2) In the alternative, if the family cannot establish their last permanent residential address in the City, the family may be considered a Qualified Family if any one or more of the following are demonstrated: a. Children are enrolled in City schools b. Members of the family are employed in the City c. Members of the family graduated from a City high school ATTACHMENT 14 1470132.1