HomeMy WebLinkAboutCC Resolution 9919 (Senior Housing BMR)RESOLUTION NO. 9 919
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SAN RAFAEL AUTHORIZING EXECUTION OF AN
AMENDMENT TO THE BELOW MARKET RATE RENTAL
AGREEMENT DATED SEPTEMBER 16, 1996, BETWEEN
MARIA B. FREITAS SENIOR HOUSING CORPORATION
AND CITY OF SAN RAFAEL, FOR THE MARIA B.
FREITAS SENIOR HOUSING PROJECT LOCATED AT 1
TRINITY WAY, SAN RAFAEL.
THE CITY COUNCIL OF THE CITY OF SAN RAFAEL RESOLVES AS FOLLOWS:
The MAYOR and the CITY CLERK are hereby authorized to execute, on behalf of the City
of San Rafael, an Amendment to the BMR Agreement for the Maria B. Freitas Senior Housing
Project located at 1 Trinity Way, San Rafael, in a form to be approved by the City Attorney. The
original Agreement is attached and incorporated herein.
I, JEANNE M. LEONCM, Clerk of the City of San Rafael, hereby certify that the
foregoing Resolution was duly and regularly introduced and adopted at a regular meeting of the
City Council of the City of San Rafael, held on Monday, the 15" day of September, 1997, by the
following vote, to wit:
AYES: Councilmembers: Cohen, Heller, Miller, Phillips & Mayor Boro
NOES: Councilmembers: None
ABSENT: Councilmembers: None
JEA��i .
EONCINI, City Clerk
.CITY OF SAN RAFAEL
BELOW MARKET RATE RENTAL UNIT AGREEMENT
AND
DECLARATION OF RESTRICTIVE COVENANTS
Project Name: Maria B. Freitas Senior Housing
Address : 1 Trinity Way
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Owner: Maria B. Freitas Senior Housing Corporation
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Z v THIS BELOW MARKET RATE RENTAL UNIT AGREEMENT AND
v DECLARATION OF RESTRICTIVE COVENANTS (this "Agreement") is made and
entered this date September 15 1996, between the CITY OF SAN
RAFAEL. a municipal corporation duly organized and existing under the Constitution and
y laws of the State of California (the "City"), and Maria B. Freitas Senior Housing
V m Corporation. a California nonprofit public benefit corporation (the "Owner").
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PREAMBLE
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o WHEREAS. the Owner proposes to construct a 62 unit residential apartment
.nCl)complex located on Trinity Way, San Rafael, known as Maria B. Freitas Senior
D = Housing ("Project').
Z WHEREAS, the Owner owns or will own the real property located within the
acorporate limits of the City and more particularly described in Exhibit "A" attached hereto
a v and incorporated for reference herein (the "Property") and;
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., 3 WHEREAS, the Owner has received the City's approval to construct the Project
n on the Property and:
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Cn WHEREAS the City's approval of the Project is conditioned upon Owner's
L", compliance with the Housing Element of the General Plan 2000 and providing low and
' moderate income units as set forth in Exhibit "B" attached hereto and incorporated
0 Cn herein.
r, NOW, THEREFORE, in consideration for the mutual covenants and undertakings
M set forth herein, and other good and valuable consideration, the receipt and sufficiency
?� of which is hereby acknowledged, the City and the Owner do hereby contract and
agree as follows:
AGREEMENT
Section 1. DEFINITIONS AND INTERPRETATION. Unless otherwise
expressly provided herein or unless the context clearly requires otherwise, the following
terms shall have the respective meanings set forth below for all purposes of this Below
Market Rate Rental Unit Agreement and Declaration of Restrictive Covenants:
"Affordable Housing Expense" is the maximum rent for any unit occupied by a
Qualifying Tenant which shall be established and updated using the then current Median
Gross Income for the Area as shown in the example shown in Exhibit "B".
"Low Income Household" shall mean the occupant (s) of a residential unit in
the Project whose aggregate adjusted household income does not exceed 80% of the
Median Gross Income for the Area, adjusted for household size.
"Low/Very Low Income Unit" refers to the units described in Exhibit "B".
"Median Gross Income for the Area" shall mean income for households of an
applicable size in the San Francisco PMSA (Primary Metropolitan Statistical Area) most
recently determined by HUD adjusted for household size, as provided by Marin Housing
Authority.
"Plan" shall mean the City of San Rafael General Plan 2000.
"Program Administrator" shall mean the administrator for compliance of the
Project with the Below Market Rate Unit Rental Agreement which shall be the City.
"Project" shall mean the parcel of real property in the City of San Rafael as
described in Exhibit "A" hereto, and all rights and appurtenances pertaining thereto, and
the buildings, structures and other improvements constructed or to be constructed
thereon, including all fixtures and other property owned, leased or licensed by the
Owner and located on, or used in connection with, such buildings, structures or other
improvements, all of which shall be constructed and operated by the Owner in
accordance with the restrictions set forth in this Agreement.
"Project Period" means a period of forty (40) years commencing on the date of
occupancy of 50% of the units in the Project. Upon occupancy of 50% of the units in the
Project, Owner and City shall execute, and record, with the Marin County Recorder's
Office. Exhibit "E" to this Agreement specifying the commencement and expiration date
of the Project Period. The restrictions set forth herein shall be deemed covenants
running with the land provided. however. that upon termination of this Agreement said
covenants shall expire.
"Qualifying Tenant" means resident households whose incomes do not exceed
the household income limits for Low Income Household and/or Very Low income
Household.
I
"Very Low Income Household" shall mean the occupant (s) of a residential unit
in the Project whose aggregate adjusted household income does not exceed 50% of the
Median Gross Income for the Area, adjusted for household size.
Section 2. QUALIFYING TENANTS
(a) SELECTION. For the duration of the full Project Period, Qualifying Tenant
selection shall be based on income eligibility for Low and Very Low Income Households
as defined in Section 1 and subject to final approval by the Owner.
(b) QUALIFICATION. Qualifying Tenant status shall be determined at the time
of initial occupancy of a unit by the tenant(s) and certified annually on the basis of a
Tenant Income Certification (Exhibit "C") executed by the Qualifying Tenant and
accompanied by a copy of. (i) his 1 her federal income tax return for the immediately
prior tax year ; or (ii) his / her employer's verification of current income ; or (iii) if the
Qualifying Tenant is self-employed or the tax return is unavailable, such other
satisfactory evidence of income. If a Qualifying Tenant certifies that he/she did not file
or did not retain a copy of their federal tax return, other evidence, such as a current
wage statement or employer records must be obtained.
(c) OCCUPANCY. Throughout the Project Period, the required LowNery Low
Income Units in the Project shall be occupied and at all times be rented to Qualifying
Tenants at rental rates not to exceed the Affordable Housing Expense as set forth in
Exhibit "B". No Qualifying Tenant shall be denied continued occupancy after having
qualified to occupy a Low / Very Low Income Unit, because his / her income later
exceeds the income limits. If, as of the most recent Tenant Income Certification, it is
determined that the income of Qualifying Tenant exceeds one hundred -forty percent
(140°/x) of the Median Gross Income for the Area, then he / she shall no longer qualify
as a Qualifying Tenant. The Owner shall provide the next vacated unit (s) of
comparable or smaller size to a Qualifying Tenant, as needed to achieve compliance
with this Agreement.
The Owner shall immediately notify, in writing, each tenant who is no longer a
Qualifying Tenant of such fact, and that such tenant(s) rent is subject to increase 30
days after receipt of such notice. The Owner shall be entitled to so increase any such
tenant's rent only if the Owner complies with any law applicable thereto and only after
the Owner has rented the next available unit or units in the Project on a one-for-one
basis to a Qualifying Tenant, or holds units vacant and available for occupancy by
Qualifying Tenants.
The Owner agrees to inform all prospective Qualifying Tenants of the
requirements for annual certification of income and of the provisions of the preceding
paragraphs.
Section 3. REPORTING.
(a) EXHIBIT "C" TENANT INCOME CERTIFICATION. Exhibit "C" shall be
obtained from each Qualifying Tenant and maintained on file by the Owner. Each
Tenant Income Certification obtained from a Qualifying Tenant shall be attached to and
submitted with the next Certification of Continuing Compliance submitted to the Program
Administrator. Tenant Income Certification requirements may be met by submitting the
then current HUD Annual Tenant Eligibility Certification forrn(s) inlieu of this Exhibit C.
(b) EXHIBIT "D" CERTIFICATION OF CONTINUING COMPLIANCE. Exhibit "D"
shall be submitted by the Owner to the Program Administrator quarterly until the project
is fifty percent (50%) occupied and annually thereafter for the Project Period.
(c) The Owner shall permit the Program Administrator to inspect the Project
records at the Owner's office during normal business ours upon 10 days notice.
Section 4. COVENANTS. It is intended and determined that the provisions of
this Agreement shall constitute covenants which shall run with the land comprising the
Project for the benefit thereof, and the burdens and benefits thereof shall bind and inure
to the benefit of all successors in interest of the parties hereto; provided, however, that
on the termination of this Agreement said covenants shall automatically expire.
Section 5. TERM. This Agreement shall become effective upon its execution
and delivery and shall continue for the term of the Project Period as provided in Section
15. Except as provided in the immediately following paragraph, this Agreement shall
remain in full force and effect for the Project Period.
Section 6. DEFAULT AND ENFORCEMENT. In the event the Owner leases
any Low / Very Low Income Unit at a rent in violation of this Agreement, the Owner shall
immediately, upon notice from the City, rent the unit at the Affordable Housing Expense
in accordance with Exhibit "B" of this Agreement and pay the following amounts; (i) to
the Qualifying Tenant, an amount equal to the difference between the amount the
Owner actually received for the unit leased in violation of this Agreement and the
amount the Owner would have received pursuant to Exhibit "B" of this Agreement for
the term of the violation; and (ii) to the City, as liquidated damages, an amount equal to
two times the difference between the amount the Owner actually received for the unit
leased in violation of this Agreement and the amount the Owner would have received
pursuant to Exhibit "B" of this Agreement for the term of the violation. The parties agree
that this formula for establishing liquidated damages is reasonable considering all the
circumstances existing on the date of this Agreement, including (a) the range of harm
that would result to the City and its housing program under its general plan from a
violation of this Agreement by the Owner, and (b) the anticipation that proof of the
actual damages would be costly and inconvenient. In the event the Qualifying Tenant
El
no longer is a resident at the Project and cannot be located within a reasonable time the
Owner shall pay to the City the total amount due to the Qualifying Tenant under (i)
above together with the total amount due the City under (ii) above.
C, a- Owner agrees to pay to the CAY dwing—
qhe
-which chc!! IDS GaIGUlated as feilews; $50 00
QO00 p9F Upit faradditional -
timitq . ..
). The tetal annual fee 'T It the aGtual expeRser, ot the City i;;-
$1,610...
.. .. iFieFease ef the an
Section 8. UNIT MIX, LOCATION AND HOUSEHOLD SIZE. The Very Low /
Low Income Units shall be located on the parcel described in Exhibit "K.
Section 9. GOVERNING LAW. This Agreement shall be governed by the laws
of the State of California.
Section 10. AMENDMENTS. This Agreement shall be amended only by written
instrument signed by all of the parties hereto.
Section 11. ATTORNEY'S FEES. In the event that a party to this Agreement
brings an action against the other party to this Agreement by reason of the breach of
any condition or covenant in this Agreement, or otherwise arising out of this Agreement,
the prevailing party in such action shall be entitled to recover from the other reasonable
attorney's fees to be fixed by the court which shall render a judgment, as well as the
costs of the suit.
Section 12. SEVERABILITY. If any provision of this Agreement shall be invalid,
inoperative or unenforceable as applied in any particular case because it conflicts with
the provision (s) or the Constitution or any state or federal statute or rule of public policy,
then such circumstance shall not have the effect of rendering the provision in question
inoperative or unenforceable in any other case or circumstance or of rendering any other
provision or provisions contained herein invalid, inoperative, or unenforceable to any
extent whatsoever. The invalidity of any one or more phrases, sentences, clauses or
sections contained in this Agreement shall not affect the remaining portions of this
Agreement, or any part hereof.
Section 13. RECORDING AND FILING. The Owner shall cause this Agreement
and ail amendments hereto to be recorded and filed in the real property records in the
office of the County Recorder of Marin County upon the later of (a) within 5 working days
of the City's execution of this Agreement or (b) the Owner's acquisition of the Property
5
and shall pay all fees and charges incurred in connection therewith and shall transmit a
recorded copy to the City.
Section 14. NOTICE. All notices required or permitted under this Agreement
shall be sent by certified United States mail, or an overnight courier service requiring a
signed receipt, addressed as follows:
TO THE CITY : City of San Rafael
P.O. Box 151560
San Rafael, CA 94915-1560
Attn : City Manager
TO THE OWNER: Maria B. Freitas Senior Housing Corporation
1028-A Howard Street
San Francisco, CA 94103
Attn: President
Notice shall be deemed served for purposes of this Agreement one day after deposit in
the United States mail or acceptance by the overnight courier service. Either party may
change its address for purpose of notice by giving notice pursuant to this section.
Section 15. TERMINATION. This Agreement shall terminate and be of no
further force or effect at the end of the Project Period. Upon the expiration of the
Project Period the City shall cooperate with the Owner, at the sole expense of the
Owner, in the recording of such instruments or instruments of release or termination as
the Owner may reasonably request.
'Section 16. HUD PROVISIONS. This Agreement is subject and subordinate to
the HUD Mortgage Note, Deed of Trust, Regulatory Agreement and Capital Advance
Use Agreement recorded in connection with the making of a capital advance for
Supportive Housing for the Elderly as they may be amended from time to time or
superseded, or title to the Project is held by HUD. So long as any such HUD documents
are in effect, the City agrees:
a. The HUD Mortgage Note. Deed of Trust. Regulatory Agreement and Use
Agreement may be amended, extended, renewed, assigned, or superseded without the
consent of the City.
b. The City shall not declare a default without prior written consent of HUD.
C. The Project will be constructed and operated in conformance with the provisions
of Section 202 of the Housing Act of 1959, as amended and all regulations and
administrative requirements relating to such statute. In the event of any conflict
between this Agreement and the provisions of any HUD regulations, related
0
administrative requirements or capital advance documents ( including but not limited to
the Use Agreement, Mortgage Note. Deed of Trust, Regulatory Agreement and Project
Rental Assistance Contract ), the HUD regulations, related requirements or capital
advance documents shall control.
d. This Agreement shall not be amended without prior written approval of HUD.
e. Enforcement of the provisions of this Agreement shall not result in any claim
against the Project, the capital advance proceeds, any reserve or deposit required by
HUD in connection with the capital advance, or the rents or other income from the
Project other than residual receipts authorized for release by HUD.
f. In the event that any restrictions on occupancy, use and rents at any time
exceeds HUD's restrictions on occupancy or rents or otherwise affects the financial
viability of the Project ( i.e. impairs the Owner's ability to sustain a level of income
sufficient to meet all financial obligations of the Project, including HUD required escrows
and operating expenses) HUD reserves the right to void such restrictions for as long as
it deems necessary.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement the
day and year first written above.
CITY OF RAF
ATTEST: BY.
NaKe A1berdZJ. Boro
Title: Mayor
Jkanne M. Leoncini
City Cleric Maria B. Freitas Senior Housing
Coro6ration
BY : 1-71VIII t
Na e: ane Gr?f
Tit e : President
IN
CALIFORNIA ALL-PURPO,."'ACKNOWLEDGMENT
State of California
County of San Francisco
On June 30, 1997 before me, Tjuana Meeks, Notary Public
Date Name and Title of Officer (e.g.. -Jane Doe. Notary Public')
personally appeared Jane M. Graf
Names) of Signer(s)
personally known to me – OR – ❑ proved to me on the basis of satisfactory evidence to be the person((
whose name(c4 is/afe subscribed to the within instrument
and acknowledged to me that he/she/44@e , executed the
same in his(her/t4eir authorized capacity(.(-*, and that by
4is/her/ftir signature* on the instrument the person(r+,
or the entity upon behalf of which the persons} acted,
executed the instrument.
TA"INGN
Ca No #1113A4 WITNESS my hand and official seal.
MyC.ortfrn 60es Oc! 1Q21m
ignature of otafy Public
OPTIMAL
AALL
Though the information below is not required by law, it may prove valuable to persons relying on the document and could prevent
fraudulent removal and reattachment of this form to another document.
Description of Attached Document
Title or Type of Document:
Document Date:
Signer(s) Other Than Named Above:
Capacity(ies) Claimed by Signer(s)
Signer's Name:
❑ Individual
❑ Corporate Officer
Title(s):
❑ Partner — = Limited = General
❑ Attorney -in -Fact
❑ Trustee _
❑ Guardian or Conservator
❑ Other: Top of thumb here
Signer Is Representing:
Number of Pages:
Signer's Name:
Individual
J, Corporate Officer
Title(s):
Partner — = Limited - General
Attorney -in -Fact
Trustee
❑ Guardian or Conservator
J Other: Top of thumb here
Signer Is Representing:
0 1995 National Notary Association • 8236 Remmet Ave.. P.O. Box 7184 • Canoga Park, CA 91309-7184 Prod. No. 5907 Reorder. Call Tol -Free 1-800-876.6827
CALIFORNIA ALL-PURPC 1 ACKNOWLEDGMENT
State of California
County of Mari n
' On Mon., Sept. 23, 1996 beforeme, Nancy Eurman, Notary Public
Date Name and Title of Officer (e.g., "Jane Doe. Notary Public")
personally appeared Albert J. Boro ,
Name(s) of Signer(s)
[X personally known to me – OR – ❑ proved to me on the basis of satisfactory evidence to be the persons;
i whose name*is/gpe'subscribed to the within instrument
and acknowledged to me that he/fie/the–executed the
same in his/I &MDe�rauthorized capacity( and that by
his/6tWtji& signaturek+on the instrument the person.(
71 NANCY EURMAN D or the entity upon behalf of which the personls)"acted,
I comm. #1086576 p executed the instrument.
NOTARY PUaUC-CALIFORNIA O
QMARIN COUNTY
My Comm. Expires Feb. 4, z000 11. WITNESS my hand and official seal.
1 S
} Signature of Notary Public
' OPTIONAL
Though the information below is not required by law, it may prove valuable to persons relying on the document and could prevent
fraudulent removal and reattachment of this form to another document.
Description of Attached Document
Title or Type of Document: Below Market Rate Housing Agree. re Marin B. Freitas Senior
Housing Corp.
Document Date: Mon., Sept. 16, 1996 Number of Pages: 13 pages
Signer(s) Other Than Named Above: N/A
Capacity(ies) Claimed by Signer(s)
Signer's Name: Albert J. Boro
❑ Individual
EX Corporate Officer
Title(s): Mavor
❑ Partner — ❑ Limited ❑ General
Signer's Name:
❑ Individual
❑ Corporate Officer
Title(s):
❑ Partner — ❑ Limited ❑ General
❑ Attorney -in -Fact ❑ Attorney -in -Fact 5
❑ Trustee _ _ ❑ Trustee _
❑ Guardian or Conservator �' - ❑ Guardian or Conservator
❑ Other: Top of thumb here ❑ Other: Top of thumb here
}
1
jSigner Is Representing: Signer Is Representing:
l
Citv of San Rafael
01994 National Notary Association • 8236 Remmet Ave., P.O. Box 7184 • Canoga Park, CA 91309-7184 _ Prod. No. 5907 Reorder. Call Toll -Free 1.800-876-6827
EXHIBIT "A"
The land referred to imA66.pa"-,is situated in the County of Marin, City of San Rafael,
State of California, and is described as follows:
PARCEL ONE:
PARCEL A, as delineated upon that certain Map entitled "Parcel Map of Maria B.
Freitas Senior Housing, Being a Resubdivision of the Lands of the Roman Catholic
Archbishop of San Francisco", filed for record in the Office of the Recorder of
the County of Marin, State of California, on May 30, 1996 in Book 26 of (Parcel)
Maps, at Page 11.
PARCEL TWO:
A Non -Exclusive Easement, of a variable width, for Ingress, Egress and Private
Utilities described as Access, SSE and Utility Easement "B", as shown on that
certain Parcel Map filed for record in the Office of the Recorder of the County
of Marin, State of California, on May 30, 1996, in Book 26 of (Parcel) Maps, at
Page 11.
EXHIBIT "B"
CITY OF SAN RAFAEL
BELOW MARKET RATE RENTAL AGREEMENT
AND
DECLARATION OF RESTRICTIVE COVENANTS
PROJECT NAME: Maria B. Freitas Senior Housing DATE:
ADDRESS: 1 Trinity Way
OWNER: Maria B. Freitas Senior Housing Corporation
TOTAL NUMBER OF UNITS: 62
TOTAL NUMBER OF LOW / VERY LOW: 61
NUMBER OF VERY LOW INCOME UNITS: 25 (approx. 40% of total)
NUMBER OF LOW INCOME UNITS: 36 (approx. 60% of total)
AFFORDABLE HOUSING EXPENSE CALCULATION: Affordable Housing Expense
includes Utilitv Exoense. For example, using the Marin County FY 1996 Median Household
Income Schedule such calculation would be as follows:
Low Income Units: The one bedroom unit Housing Expense shall not exceed 1/12
of 30% of 65% of the median gross annual income for a 2 person household.
1 person 2 person
Median 42,900 49,050
65% 27,900 31,900
1 Bedroom
Income : $31,900 (Two person household @ 65% of median)
Housing Expense : ($31,900/12) x 30% = $798
Very Low Income Units : The one bedroom unit monthly rent shall not exceed 1/12
of 30% of 50% of the median gross annual income for a 2 person household.
1 person 2 person
Median 42,900 49,050
50% 21,450 24,500
1 Bedroom
Income: $24,500 (Two person household @50% of median)
Housing Expense : ($24,500112) x 30% = $613
EXHIBIT "C"
CITY OF SAN RAFAEL
BELOW MARKET RATE RENTAL AGREEMENT
AND
DECLARATION OF RESTRICTIVE COVENANTS
TENANT INCOME CERTIFICATION
PROJECT NAME: Maria B. Freitas Senior Housing DATE:
ADDRESS: 1 Trinity Way
OWNER: Maria S. Freitas Senior Housing Corporation
Note: Tenant income Certification requirements may be met by submitting the
then current HUD Annual Tenant Eligibility Certification form(s) inlieu of this
Exhibit C.
APARTMENT NO. MONTHLY RENT:
TENANT 1 HOUSEHOLD NAME:
last
first
TOTAL CURRENT HOUSEHOLD GROSS ANNUAL INCOME:
(total household income includes all wages, salaries, etc., as reported as gross income
for federal income tax or pay stubs or other relevant documentation.) Attached hereto
are federal or state income tax returns, stubs from paychecks or other evidence of the
income of the persons listed below.
Name of Member
of the
Household
Relationship Age Social -Place of
Security No. Employment
1/We the undersigned have read and answered fully, frankly and personally each of the
above questions under penalty of purjury and do hereby swear they are true.
Date
Tenant - Head of Household
EXHIBIT "D"
CITY OF SAN RAFAEL
BELOW MARKET RATE RENTAL AGREEMENT
AND
DECLARATION OF RESTRICTIVE COVENANTS
CERTIFICATION OF CONTINUING COMPLIANCE
PROJECT NAME: Maria B. Freitas Senior Housing DATE:
ADDRESS: 1 Trinity Way
OWNER: Maria B. Freitas Senior Housing Corporation
TOTAL UNITS: 62
TOTAL VERY LOW and LOW UNITS: 61
The undersigned, in accordance with the BELOW MARKET RATE RENTAL UNIT
AGREEMENT AND DECLARATION OF RESTRICTIVE COVENANTS with the City of
San Rafael dated for the Project does hereby certify
that during the preceding twelve (12) months, the following units were occupied in
accordance with the Below Market Rate Rental Unit Agreement and does hereby
further certify that the representation set forth herein are true and correct to the best of
the undersigned's knowledge.
Low Income Unit
Tenants Name No.
Signed :
Owner
attach additional sheets if necessary
Monthly Annual Household
Rent Income size
Date :
EXHIBIT "E"
CITY OF SAN RAFAEL
BELOW MARKET RATE RENTAL AGREEMENT
AND
DECLARATION OF RESTRICTIVE COVENANTS
NOTICE OF COMMENCEMENT OF PROJECT PERIOD
PROJECT NAME: Maria B. Freitas Senior Housing DATE:
ADDRESS: 1 Trinity Way
OWNER: Maria B. Freitas Senior Housing Corporation
The "Project Period" as defined in that certain BELOW MARKET RATE RENTAL UNIT
AGREEMENT AND DECLARATION OF RESTRICTIVE COVENANTS, recorded on
, as Document # , in the Office of the Marin
County Recorder and pertaining to the real property within the City of San Rafael, State
of California, described in Exhibit "A" attached hereto, commenced on
The Project Period will expire on
ATTEST:
CITY OF SAN RAFAEL
Aw
Name:
Title:
City Clerk
OWNER
BY:
Name:
Title :
RESOLUTION NO.gbg9
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN RAFAEL AUTHORIZING
THE SIGNING OF A BELOW MARKET RATE HOUSING AGREEMENT BETWEEN MARIA
B. FREITAS SENIOR HOUSING CORPORATION AND THE CITY OF SAN RAFAEL
RE: MARIA B. FRETTAS SENIOR HOUSING
THE CITY COUNCIL OF THE CITY OF SAN RAFAEL RESOLVES as follows:
The MAYOR and CITY CLERK are authorized to execute, on behalf of the City of San Rafael,
a Below Market Rate Housing Agreement between Maria B. Freitas Senior Housing Corporation
and the City of San Rafael, a copy of which is hereby attached and by this reference made a part
hereof.
I, JEANNE M. LEONCINI, Clerk of the City of San Rafael, hereby certify that the foregoing
resolution was duly and regularly introduced and adopted at the regular meeting of the Council
of said City on Monday, the 16' day of September, 1996, by the following vote, to wit:
AYES: COUNCILMEMBERS: Cohen, Miller, Phillips & Mayor Boro
NOES: COUNCILMEMBERS: None
ABSENT: COUNCILMEMBERS: Heller
Th e fore;oing decLment is a
cc;s-ct rte; cf tie �ri,?inal
OF, tiiJ ;; ice.
JE"N't M. LEONCINI, City Clerk