Loading...
HomeMy WebLinkAboutCity of Buena Park - 2009-06-01Council/Agency Meeting Held: Deferred/Continued to: vv� App ove ❑ C nditionally Approved ❑ Denied �' Citty lerk' Signatu e Council Meeting Date: 6/1/2009 Department ID Number: ED 09-28 CITY OF HUNTINGTON BEACH REQUEST FOR COUNCIL/REDEVELOPMENT AGENCY ACTION SUBMITTED TO: HONORABLE MAYOR/CHAIRMAN AND CITY COUNCIL MEMBERS/REDEVELOPMENT AGENCY MEMBER SUBMITTED BY: FRED A. WILSON, City Administrator/ Executive Dir PREPARED BY: STANLEY SMALEWITZ, Director of Economic Devel ment/ Deputy %+ Executive Director SUBJECT: Approve Joint Powers Agreement w/ City of Buena Park — NSP Funding Statement of Issue, Funding Source, Recommended Action, Alternative Action(s), Analysis, Environmental Status, Attachment(s) Statement of Issue: A Joint Powers Agreement with the City of Buena Park is submitted for consideration. The Joint Powers Agreement outlines each of the roles and responsibilities between the Neighborhood Stabilization Program (NSP) partnership of Huntington Beach (Lead Agency) and Buena Park (sub -recipient). Funding Source: Redevelopment Housing Set -Aside Funds (30680301.89250) of $1,050,000, an additional amount of $411,000 from Neighborhood Stabilization Funds will also be received from the Federal Government as well as 5% of all NSP funds received (including Buena Park's) will be retained for administrative expenses to be used for housing purchase and rehabilitation expenses, and down payment assistance to eligible low and moderate income home buyers. Recommended Action: Motion to: 1. Authorize City Administrator to sign the Participating Public Jurisdiction Joint Agreement to Participate in the Neighborhood Stabilization Program with the City of Buena Park. 2. Approve the Agreement Between the City of Huntington Beach and the City Buena Park For Allocation of Neighborhood Stabilization Funds. Authorize the Mayor or City Clerk to sign the Agreement. REQUEST FOR COUNCIL/REDEVELOPMENT AGENCY ACTION MEETING DATE: 6/1/2009 DEPARTMENT ID NUMBER: ED 09-28 3. Approve Resolution of the City Council of the City of Huntington Beach Approving An Application For Funding and the Execution Of A Grant Agreement And Any Amendments Thereto From the State of California Neighborhood Stabilization Program (NSP). Alternative Action(s): Do not authorize the Mayor and Clerk to sign Agreements and direct Staff to not proceed with joint application for NSP funds with the City of Buena Park. Analysis: The Housing and Economic Recovery Act of 2008 (H.R. 3221) includes $3.9 billion in U.S. Department of Housing and Urban Development (HUD) federal block grant for the Neighborhood Stabilization Program (NSP) which addresses the housing crisis through the provision of funds to purchase vacant and foreclosed properties. The City of Huntington Beach did not receive a direct allocation of NSP funds, which HUD provided to communities of greatest need based on rate of foreclosures. However, the City can access funds through the State of California Housing and Community Development Department (HCD), which received $145 million in NSP funds to assist cities, and counties that did not receive direct allocations from HUD. HCD will allow these jurisdictions to apply for funds if they combine with other jurisdictions through a joint agreement to reach a minimum threshold of $1 million. The City of Huntington Beach, along with the City of Buena Park, can enter into a joint agreement and file a joint application to the State for a combined total of $1,000,132 in NSP grant funds. If approved, a joint agreement with the City of Buena Park will be executed and an application will be submitted to the State for NSP funds. Future NSP funding available through the American Recovery and Reinvestment Act of 2009, may be contingent upon successful implementation of a prior project funded under this program. The HCD has created a method where cities are broken into two categories, Tier 1 (receiving over $1 M) or Tier 2 (receiving less than $1 M). In Orange County, 17 cities including Huntington Beach and the City of Buena Park were designated at Tier 2 cities. In order to apply to the State for NSP funds, Tier 2 cities within the same county must enter into joint agreement to reach the minimum threshold of $1 M. The Joint Agreement is attached with the proposed Resolution to use these funds, along with another $1,050,000 in RDA funds, to implement a City-wide First -Time Homebuyer Downpayment Assistance Program. If approved by Council, the City will enter into this Joint Agreement with the City of Buena Park. Due to the application cutoff of June 15th, Buena Park will approve the Agreement after Huntington Beach on June 9th. After approval of the Joint Agreement, Huntington Beach will submit an application to the State for NSP funds on behalf of Buena Park. The City of Huntington Beach will act as the lead entity and will become the direct NSP grant recipient. Buena Park will become sub -recipient to the City of Huntington Beach through the Joint Agreement. Consistent with HUD regulations, Huntington Beach must assume responsibility for administering the State NSP grant on behalf of Buena Park in the joint agreement and to comply with applicable program requirements. As the grant -2- 5/27/2009 8:37 AM REQUEST FOR COUNCIL/REDEVELOPMENT AGENCY ACTION MEETING DATE: 6/1/2009 DEPARTMENT ID NUMBER: ED 09-28 recipient, Huntington Beach will apply to the State through a Notice of Funding Availability (NOFA) application. The State requires that NSP funds be made available, as mandated by HUD, to address the problem of abandoned and foreclosed homes and be targeted to areas based on greatest need, including those with the greatest percentage of home foreclosures, highest percentage of homes financed by a sub prime mortgage related loan, and areas identified by the State as likely to face a significant rise in the rate of home foreclosures. The Program will target individuals and families whose incomes do not exceed 120 percent of area median income. The NOFA requires citizen input on what NSP activities should be included in the funding process. Buena Park held their Design Phase Public Participation meeting on May 20t". The City of Huntington Beach held theirs on May 215t. The activities that may be undertaken using NSP grant funds include: 1. The establishment of financing mechanisms for the purchase and redevelopment of foreclosed homes and residential properties, including such mechanisms as soft - seconds, loan loss reserves, and shared -equity loans for low-, moderate- andmiddle income homebuyers; 2. The purchase and rehabilitation of homes and residential properties that have been abandoned or foreclosed upon, in order to sell, rent, or redevelop such homes and properties; 3. The establishment of land banks for homes that have been foreclosed upon; 4. The demolishment of blighted structures; and 5. The redevelopment of demolished or vacant properties. The City of Huntington Beach will be creating a Down Payment Assistance Program and focus on Activity #1, establishment of financing mechanisms. Eligibility will be determined by the NSP guidelines which closely follow CDBG guidelines. Other eligibility criteria for the Down Payment Assistance Program will include: • Homes can only be purchased in certain, eligible census tracts and the buyer cannot make more than 120% AMI. • The eligible census tracts are located in the CDBG Target Area and are areas that have been affected by multiple foreclosures. • The City will give down payment assistance based on bedroom size: $50,000 1 BR, $75,000 2BR, $100,000 3BR + • The buyer must have good credit and be able to obtain a conventional mortgage as we are not a lender. • The buyer must attend a home buying education class • Buyers may be eligible for the City's rehab loan program as well • Priority given to HB residents or employees who work in HB. • To meet matching funds requirement, the Agency will add $1,050,000 in set -aside housing funds that can be used to purchase homes throughout the City. If Buena Park cannot allocate all of their funds, as lead agency. HB will have first chance to use the funds before they go to the State. If the City of Huntington Beach cannot obligate their funds per the State's timelines, the City would only consider using the funds for .3. 5/27/2009 8:37 AM REQUEST FOR COUNCIL/REDEVELOPMENT AGENCY ACTION MEETING DATE: 6/1/2009 DEPARTMENT ID NUMBER: ED 09-28 Activity #5, the redevelopment of demolished or vacant properties. Finally, as lead agency, HB gets 5% of all funds to use for Administrative costs. Strategic Plan Goal: L-3 Preserve the quality of our neighborhoods, maintain open space, and provide for the preservation of historic neighborhoods. Environmental Status: Not applicable. Attachment(s): Page Nomber• Destription 1 Participating Public Jurisdiction Joint Agreement to Participate in the Neighborhood Stabilization Program 2 Agreement Between the City of Huntington Beach and the City Buena Park For Allocation of Neighborhood Stabilization Funds 3 Resolution Approving An Application For Funding and Execution of A Grant Agreement and Any Amendments Thereto From the State of California Neighborhood Stabilization Program (NSP) -4- 5/27/2009 2:59 PM ATTACHMENT #1 PARTICIPATING PUBLIC JURISDICTION JOINT AGREEMENT TO PARTICIPATE IN THE NEIGHBORHOOD STABILIZATION PROGRAM This Participating Public Jurisdiction Joint Agreement ("Agreement") t is made and entered into as of this I st day of Jiinp , 2009, between . he Cities of Huntington Beach and Buena Park (collectively referred to as the "Participating Public Jurisdictions" and "Parties"). On July 30, 2008, the United States Congress passed the Housing and Economic Recovery Act of 2008 ("HERA"). Among the Act's numerous provisions is the Neighborhood Stabilization Program ("NSP"), which is expected to provide funds to state and local governments to purchase abandoned and foreclosed homes and residential property. The NSP is intended to rejuvenate neighborhoods and communities affected by the foreclosure crisis through the renovation and rehabilitation of those homes, the elimination of blight and the reinvigoration and stabilization of the affected neighborhoods. Specifically, the funds allocated by the NSP can be used for the following -purposes: 1. Purchase and rehabilitate homes to sell, rent or redevelop; 2. Create land banks for homes that have been foreclosed upon; 3. Demolish blighted structures; 4. Redevelop demolished or vacant properties; and, 5. Establish financing mechanisms for purchase and redevelopment of foreclosed upon homes and residential properties. As part of the funding permitted under NSP, the United States Department of Housing and Urban Development ("HUD") allocated funds to the State of California ("NSP Funds"). Consistent with HUD's guidelines, California must target the NSP Funds toward the areas of greatest need, identified as those having the following conditions: 1. The greatest percentage of home foreclosures; 2. The greatest percentage of homes financed by a subprime mortgage related loan; and 3. Likely to face a significant rise in the rate of home foreclosure. The California Department of Housing and Community Development ("HCD") is responsible for administering and implementing the NSP in California and distributing the NSP Funds to eligible communities. HCD amended California's 2008-2009 Annual Plan Update of the 2005-2010 Consolidated Plan, as provided for in HERA for the allocation and distribution of the NSP funds. The California NSP is to be administered consistent with its Community 09-2055/34043 Development Block Grant ("CDBG") Entitlement Program Regulations, except as they are inconsistent or modified by HUD. As part of the implementation of the NSP and consistent with HUD's guidelines, HCD has identified jurisdictions eligible to receive NSP funds in the following three tiers: Tier 1 Direct Allocations — HCD will exclude those jurisdictions that received an allocation from HUD either directly or indirectly through an Urban County agreement. All other jurisdictions are eligible for consideration. However, HCD will limit the minimum allocation under Tier 1 to $1 million. Tier 2 Joint or Cumulative Allocations — HCD will allow jurisdictions that did not receive allocations in Tier 1, due to the minimum threshold of $1 million, to apply for funds if they combine with other jurisdictions through a joint agreement to meet this threshold. Tier 3 Allocations for the 50-Percent Targeted Income Group — HCD will distribute 25 percent of the California allocation plus up to 5 percent for general administrative costs to cities and counties that can meet HUD's requirement for housing targeted to households at or below 50 percent of area median income, provided the applicant has met the threshold of $1 million required under Tier 1 and Tier 2. The Parties are located in Orange County and have been identified by HCD as an eligible jurisdiction to receive a portion of the NSP Funds as follows: ELIGIBLE JURISDICTIONS ELIGIBLE FUNDS BY CITY TIER 2 Cities Huntington Beach $411,123 Buena Park $589.009 Total: $1,001,032 The Parties desire to enter into this joint agreement to reach the minimum dollar thresholds to participate in the NSP and receive the NSP Funds; identify the City of Huntington Beach as the lead entity; identify the City of Buena Park as a subrecipient; document that the subrecipient agrees to participate in the lead entity's NSP program; document that this Agreement and the local entity's NSP program is covered by HCD's NSP requirements; and ensure the Parties satisfy the State and Federal NSP requirements for the receipt and use of the NSP Funds. NOW THEREFORE, the Parties agree that the aforementioned recitals are true and correct, and in recognition of the mutual consideration provided herein, further agree as follows: 09-2055/34043 2 PURPOSE The Participating Public Jurisdictions desire to participate in the NSP to rejuvenate neighborhoods and communities that are hardest hit by the foreclosure crisis. The Participating Public Jurisdictions recognize that as a result of the foreclosure crisis they need to cooperate and work regionally to promote affordable homeownership and rental opportunities in their respective communities and the Orange County region as a whole. The purpose of this Agreement is to satisfy the requirements of HCD for the Parties to participate in the NSP and to combine their respective allocations to be eligible to participate in the NSP. In addition, this Agreement is intended to identify the City of Huntington Beach as the lead entity responsible for developing and administering a local NSP for the use and allocation of the Parties' combined NSP Funds. This Agreement is further intended to confirm the Participating Public Jurisdictions agreement that the City of Huntington Beach shall be: the applicant to participate in California NSP; the recipient of the State NSP Funds identified by HCD for all of the Participating Public Jurisdictions; responsible for administering and granting the Local NSP Funds to the Parties as provided in this Agreement. While this is a cooperative Agreement, it is not nor is it intended to be a joint powers agreement pursuant to the Joint Exercise of Powers Act, Chapter 5 of Division 7 of Title 1 of the California Government Code (commencing with Section 6500 et seq.) IL ACTIVITIES The Participating Public Jurisdictions shall be responsible for administering a portion of Local NSP Funds in a manner satisfactory to HCD based upon HUD's requirements and consistent with the standards, terms and conditions imposed by California's NSP and herein. The Participating Public Jurisdictions shall only use the all NSP Funds to serve low-, moderate - and idle -income households for the following activities eligible under the NSP program: 1. The purchase and rehabilitation of homes to sell, rent or redevelop; 2. The creation of land banks for homes that have been foreclosed upon; 3. The demolition of blighted structures; 4. The redevelopment of demolished or vacant properties; and, 5. The establishment of financing mechanisms for purchase and redevelopment of foreclosed upon homes and residential properties The Participating Public Jurisdictions shall comply with the affordability conditions imposed by California's NSP. III. CALIFORNIA'S NSP REQUIREMENTS A. Lead Entity and Subrecipient Designations. The City of Huntington Beach is hereby designated, and accepts the designation, as the "Lead Entity" under this joint Agreement, and the City of Buena Park is hereby designated, and accepts the designation, as "Subrecipient." 09-2055/34043 B. Lead Entity Responsibilities. Consistent with 24 C.F.R. 570.308, the Lead Entity hereby accepts responsibility for administering NSP Funds on behalf of the Parties in compliance with the applicable program requirements. The Lead Entity shall execute the State of California's NSP grant agreement, by way of a joint agreement or such other form as may be prepared or negotiated with the State of California for the Parties to participate in the NSP. The Lead Entity shall be the direct grant recipient of the NSP Funds to be allocated to the Participating Public Jurisdictions. Based upon eligibility, the Lead Entity shall allocate the NSP Funds to the Subrecipient by written agreement as described in 24 CFR 570.501(b) and 24 CFR 570.503. The Lead Entity shall be responsible for ensuring the NSP requirements (such as program income and rent affordability) are complied with after grant closing. The Lead Entity shall take all actions necessary to assure compliance with the certification required by section 104(b) of Title I of the Housing and Community Development Act of 1974, as amended, including Title VI of the Civil Rights Act of 1964, the Fair Housing Act, section 109 of Title I of the Housing and Community Development Act of 1974, and other applicable laws. As required by California NSP program, the Lead Entity shall develop and implement an NSP program utilizing its CDBG program procedures and guidelines, as modified by California's NSP program, for the granting of Local NSP Funds to the Subrecipient. Under the NSP program, the Lead Entity is entitled to five percent (5%) of the NSP funds for program administration. In recognition of the Lead Entity's role and administration of this Agreement and its NSP, the Parties recognize and acknowledge the Lead Entity is entitled to the administrative fund portion of the NSP funds. Nevertheless, Subrecipient may apply to the Lead Entity for up to one percent (1%) of program funds for eligible staff costs associated with project administration. C. Subrecipient Responsibilities. The Subrecipient agrees to participate in the Lead Entity's NSP. Said participation consists of, but is not limited to, identifying eligible projects within their respective jurisdictions and applying to the Lead Entity for a grant of NSP funds from the Lead Entity for that project. Subrecipient may also work jointly to identify and use the NSP funds for regional projects. The Subrecipient agrees to enter into a Subrecipient Agreement with the Lead Entity's based on standard CDBG grant agreements as modified consistent with the State of California's NSP grant agreement and the requirements of California's NSP. The Subrecipient shall be responsible for using and administering any and all NSP Funds from the Lead Entity in a manner consistent with State of California's NSP grant agreement and the requirements of California's NSP. D. No Termination or Withdrawal. As required by State and Federal NSP requirements, once this Agreement is executed, the Participating Public Jurisdictions may not withdraw from or terminate this Agreement until its terms and conditions are fully completed. E. Program Income. Program income will belong to the Lead Entity's NSP even if it is generated from activities undertaken within or by a Subrecipient. F. Prohibited Use of NSP Funds. The NSP funds shall not be used in, or in support of, any activities by a Party that does not affirmatively further fair housing within its jurisdiction or that impedes the Lead Entity's actions to comply with its fair housing certification. G. Environmental Compliance. The Parties agree to satisfy all requirements of the National Environmental Policy Act (NEPA) and the California Environmental Quality Act 09-2055/34043 4 (CEQA). The Parties agree that the lead agency for any activities constituting a "project" under CEQA or NEPA shall be that party in whose jurisdiction the "project" assisted with NSP funds is located. H. Policy Adoption. The Parties have adopted and are enforcing the following policies within their respective jurisdictions: A policy prohibiting the use of excessive force by law enforcement agencies within its jurisdiction against any individuals engaged in nonviolent civil rights demonstrations; and, 2. A policy of enforcing applicable State and local laws against physically barring entrance to or exit from a facility or location, which is the subject of such nonviolent civil rights demonstrations within jurisdictions. I. No Veto Authority. During the term of this Agreement, the Subrecipient may not veto or otherwise obstruct the Lead Entity's implementation of the approved State NSP application during the period covered by the Lead Entity's NSP agreement with the State. J. Written Agreement. Pursuant to 24 CFR 570.501(b), the Parties are subject to the same requirements applicable to CDBG subrecipients, including the requirement of a written agreement as described in 24 CFR 570.503. IV. DISTRIBUTION OF NSP FUNDS The Parties agree that the Lead Entity shall be the direct grant recipient of the NSP Funds to be allocated to the Participating Public Jurisdictions. Subrecipient shall participate in the Lead Entity's NSP program and shall apply to the Lead Entity for a grant of NSP Funds. The Lead Entity shall evaluate Subrecipient's grant application and based upon eligibility, the Lead Entity shall allocate the NSP Funds to Subrecipient by written agreement as described in 24 CFR 570.501(b) and 24 CFR 570.503 to perform Activities consistent with the terms and conditions of this Agreement and the Lead Entity's CDBG Program. The Lead Entity shall not unreasonably withhold the allocation of NSP Funds. The Lead Entity shall likewise apply and execute an agreement for the grant of any NSP Funds for eligible projects and activities it intends to perform in its jurisdiction. Each Participating Public Jurisdiction is eligible to apply to the Lead Entity to receive that portion of the NSP Funds it was determined to be eligible for by HCD, less 5% for administration which shall be delivered to the Lead Entity. However, a Participating Public Jurisdiction does not need to apply to the Lead Entity if that jurisdiction does not want to receive or use any NSP Funds. However, the Participating Public Jurisdictions shall only be entitled to that portion of the NSP Funds commensurate with the Activities provided and approved by the Lead Entity, and the Lead Entity shall only make payments for those Activities that comply with the terms and conditions of this Agreement and are in compliance with the regulations of the CDBG Entitlement Program Regulations, 24 CFR Part 570. However, in the event Subrecipient does not utilize the full amount of its eligibility for NSP Funds, the unused amount of its 09-2055/34043 eligibility shall be used by the Lead Entity or granted to another Subrecipient for use consistent with California's NSP and this Agreement. Payments of eligible expenses shall be made against the Funds and in accordance with terms and conditions of this Agreement, the NSP Program, and applicable statutory regulations including but not limited to 24 CFR Part 570. The Lead Entity shall make payments to the Subrecipient, and shall not process any request for payment of the NSP Funds, until the Subrecipient's financial management system is certified by the Lead Entity in accordance with the standards specified in OMB Circular A-110 and its attachments, as may be modified by HUD. The NSP Funds for the Activities are to be administered under the direction of the Subrecipient's City Manager. The Lead Entity shall monitor the Subrecipient's performance against goals and performance standards as outlined in the Subrecipient's application. V. TERM This Agreement shall remain in full force and effect until the grant close out, and in no event shall this Agreement expire prior to receipt and expenditure of the NSP funds and program income received, and the completion of all Activities. VI. NOTICES Any notice required or permitted under the terms of this Agreement shall be effective upon receipt in writing either by personal service upon the authorized agent for the party, or by mailing the notice via U.S. Mail to the party at the address set forth in Attachment "A". VII. AUTHORITY Each person executing this Agreement on behalf of a Participating Public Jurisdiction represents that he or she is the City Manager or City Administrator for, and has been duly authorized by the City Council for, that Participating Public Jurisdiction and has full authority to execute the Agreement on its behalf. VIII. INDEMNITY Subrecipient agrees to defend, indemnify, and hold the Lead Entity and its elected officials, officers, directors, employees, agents, and designated volunteers harmless from and against any and all loss, liability, damage, including reasonable attorney's fees and/or court costs, arising out of or related to, and to the extent proximately caused by, the negligent acts or omissions of the Subrecipient, or by the willful misconduct of Subrecipient, its elected officials, officers, directors, employees, agents, and designated volunteers related to this Agreement and the Subrecipient's use of any NSP Funds awarded by the Lead Entity under this Agreement. 09-2055/34043 6 Furthermore, each Party agrees to defend, indemnify, and hold all other Participating Public Jurisdictions and their respective elected officials, officers, directors, employees, agents, and designated volunteers harmless from and against any and all loss, liability, damage, including reasonable attorney's fees and/or court costs, arising out of or related to, and to the extent proximately caused by, the negligent acts or omissions of that Party, or by the willful misconduct of that Party, its elected officials, officers, directors, employees, agents, and designated volunteers related to this Agreement and that Party's use of any NSP Funds awarded under this Agreement. IX. SEVERABILITY If any provision of this Agreement is held invalid, the remainder of the Agreement shall not be affected thereby and all other parts of this Agreement shall nevertheless be in full force and effect. X. WAIVER The Lead Entity failure to act with respect to a breach by Subrecipient does not waive its right to act with respect to subsequent or similar breaches. The failure of the Lead Entity to exercise or enforce any right or provision shall not constitute a waiver of such right or provision. XI. ENTIRE AGREEMENT This Agreement constitutes the entire agreement between the Participating Public Jurisdictions which shall be supplemented, but not modified, by a separate written agreement between the Lead Entity and the Parties for the grant of NSP Funds through the Lead Entity's NSP program. XII. SIGNED IN COUNTERPART This Lease Agreement may be executed in multiple counterparts, each of which shall be deemed an original and all of which together shall constitute but one and the same instrument. (Signature pages to follow) 09-2055/34043 7 IN WITNESS THEREOF, the Parties have executed this Agreement as of the date first written above. Dated: June 01, 2009 CITY OF HUNTINGTON BEACH, A Municipal Corporation "Lead Entity'% Dated: - Administrator APPROVED AS TO FORM: BY: �ennifer cGrath City Attorney 5 • CITY OF BUENA PARK A Municipal Corporation "Subrecipient" Rick Warsinski City Manager COUNTERPART APPROVED AS TO FORM: :• City Attorney 09-2055/34043 8 IN !� �.; `& TILE EO , the Partieshave executed this Agreement as of t?ie date first written above. Dated:-- CITY ^ N q, g A Municipal Corporation "Lead Entity" mm BY: Fred Wilson City Ai infi i tnto City Attt?mey Dated: June _.9, 2009 CITY F BUENA PAR , r pie t, Y: 11 is Waysi ski City Manager APPROVED AS TO I-ORIM: : 9,2035,@!_ (AI Attachment A NOTICES Lead Entity: City of Huntington Beach Attn: City Administrator PO BOX 190 2000 Main Street Huntington Beach, CA 92646 Subrecipient: City of Buena Park Attn: City Manager 6650 Beach Blvd. P. O. BOX 5009 Buena Park, CA 90622-5009 09-2055/34043 ATTACHMENT #2 AGREEMENT BETWEEN THE CITY OF HUNTINGTON BEACH AND THE CITY OF BUENA PARK FOR ALLOCATION OF NEIGHBORHOOD STABILIZATION FUNDS THIS AGREEMENT, entered this 1st day of June , 2009 by and between the City of Huntington Beach (herein called the "Lead Entity") and the City of Buena Park (herein called the "Subrecipient"). WHEREAS, On July 30, 2008, the United States Congress passed the Housing and Economic Recovery Act of 2008 ("HERA"). Among HERA's numerous provisions is the Neighborhood Stabilization Program ("NSP"), which is expected to provide funds to state and local governments to purchase abandoned and foreclosed homes and residential property; and WHEREAS, as part of the funding permitted under the NSP, the United States Department of Housing and Urban Development allocated funds to the State of California. The California Department of Housing and Community Development ("HCD") is responsible for administering and implementing the NSP in California and distributing NSP funds to eligible communities; and WHEREAS, Lead Entity and Subrecipient have both been identified as communities that are eligible to receive an allocation of NSP funds and the State of California's Substantial Amendment to the Annual Plan for NSP states that units of general local, government may create joint agreements in order to reach the minimum dollar threshold established for these NSP funds; and WHEREAS, Lead Entity and the Subrecipient have entered into a "Participating Public Jurisdiction Joint Agreement to Participate in the Neighborhood Stabilization Program," in order to identify the Lead Entity as being responsible for developing and administering a local NSP for the use and allocation of the Lead Entity's and Subrecipient's combined NSP Funds to serve low and moderate -income households; and WHEREAS, Lead Entity is required to allocate the NSP Funds to Subrecipient by written agreement and the Lead Entity and Subrecipient intend for this agreement to satisfy this requirement. NOW, THEREFORE, it is agreed between the parties hereto that; I. STATEMENT OF WORK A. Activities Subrecipient has been allocated $589,009 and may use up to $559,558.55 to implement the following activities within the City of Buena Park: 09-2055/34189 1. Establish financing mechanisms for the purchase and redevelopment of foreclosed homes and residential properties, including such mechanisms as soft -seconds, loan loss reserves, and shared -equity loans for low- and moderate -income homebuyers; 2. Establish land banks for homes that have been foreclosed upon; 3. Redevelop demolished or vacant properties; 4. Demolish blighted structures; and 5. Purchase and rehabilitate homes to sell, rent, or redevelop. The Subrecipient will be responsible for participating in the Lead Entity's NSP by identifying eligible projects and applying to the Lead Entity for an allocation of local NSP funds for projects. The Subrecipient agrees to execute the State of California's NSP grant agreement and satisfy the requirements of California's NSP. The Subrecipient shall be responsible for using and administering any and all local NSP Funds from the Lead Entity in a manner consistent with State of California's NSP grant agreement and the requirements of California's NSP; administering the funds in a manner satisfactory to the Lead Entity and consistent with any standards required as a condition of providing these funds. If Subrecipient fails to obligate Seventy-five percent (75%) of all funds granted by Lead Entity to Subrecipient by December 31, 2009, and/or fails to expend the remainder by March 31, 2010, Lead Entity may withhold allocation of NSP funds. II. NOTICES Notices required by this Agreement shall be in writing and delivered via mail (postage prepaid), commercial courier, or personal delivery or sent by facsimile or other electronic means. Any notice delivered or sent as aforesaid shall be effective on the date of delivery or sending. All notices and other written communications under this Agreement shall be addressed to the individuals in the capacities indicated below, unless otherwise modified by subsequent written notice. Communication and details concerning this contract shall be directed to the following contract representatives: Lead Entity City of Huntington Beach NSP Administrator Economic Development Department 2000 Main Street Huntington Beach, CA 92648 Telephone — (714) 536-5529 Fax Number — (714) 375-5087 09-2055/34189 2 Subrecipient City of Buena Park NSP Administrator Attn: City Manager 6650 Beach Boulevard P.O.Box 5009 Buena Park, CA 90622-5009 III. GENERAL. CONDITIONS A. General Compliance The Lead Entity and Subrecipient agree that each are responsible for ensuring that NSP funds are used in accordance with all NSP program requirements. The Lead Entity is responsible for applying the same requirements to itself as are applicable to the Subrecipient. The Subrecipient agrees to comply with all other applicable Federal, state and local laws, regulations, and policies governing the funds provided under this contract. B. Hold Harmless The Subrecipient shall hold harmless, defend and indemnify the Lead Entity from any and all claims, actions, suits, charges and judgments whatsoever that arise out of the Subrecipient's performance or nonperformance of the services or subject matter called for in this Agreement. C. Workers' Compensation The Subrecipient shall provide Workers' Compensation Insurance coverage for all of its employees involved in the performance of this Agreement. D. Insurance & Bonding The Subrecipient shall carry sufficient insurance coverage to protect contract assets from loss due to theft, fraud and/or undue physical damage, and as a minimum shall purchase a blanket fidelity bond covering all employees in an amount equal to cash advances from the Lead Entity. The Subrecipient shall comply with the bonding and insurance requirements of 24 CFR 84.31 and 84.48, Bonding and Insurance. E. Lead Entit. Recognition The Subrecipient shall insure recognition of the role of the Lead Entity in providing services through this Agreement. All activities, facilities and items utilized pursuant to this Agreement shall be prominently labeled as to funding source. In addition, the Subrecipient will include a reference to the support provided herein in all publications made possible with funds available under this Agreement. F. Amendments The Lead Entity or Subrecipient may amend this Agreement at any time provided that such amendments make specific reference to this Agreement, and are executed in writing, signed by a duly authorized representative of each organization, and approved by the Lead 09-2055/34189 Entity's governing body. Such amendments shall not invalidate this Agreement, nor relieve or release the Lead Entity or Subrecipient from its obligations under this Agreement. The Lead Entity may, in its discretion, amend this Agreement to conform with Federal, state or local governmental guidelines, policies and available funding amounts, or for other reasons. If such amendments result in a change in the funding, the scope of services, or schedule of the activities to be undertaken as part of this Agreement, such modifications will be incorporate only by written amendment signed by both Lead Entity and Subrecipient. G. Suspension or Termination The Lead Entity may suspend or terminate this Agreement if the Subrecipient materially fails to comply with any terms of this Agreement, which include (but are not limited to) the following: 1. Failure to comply with any of the rules, regulations or provisions referred to herein or such statutes, regulations, executive orders, and HUD guidelines, policies or directive as may become applicable at any time. 2. Failure, for any reason, of the Subrecipient to fulfill in a timely and proper manner its obligations under this Agreement; 3. Improper use of funds provided under this Agreement; or 4. Submission by the Subrecipient to the Lead Entity reports that are incorrect or incomplete in any material respect. IV. ADMINISTRATIVE REQUIREMENTS Subrecipient agrees to comply with applicable uniform administrative requirements described in 24 CFR 570.502. A. Documentation and Record Keeping 1. Records to be maintained The Subrecipient shall maintain all records required by the Federal regulations specified in 24 CFR 570.506 that are pertinent to the activities to be funded under this Agreement. Such records shall include but not be limited to: a. Records providing a full description of each activity undertaken; b. Records demonstrating that each activity undertaken meets one of the objectives of the NSP program; c. Records required to determine the eligibility of activities; d. Records required to document the acquisition, improvement, use or disposition of real property acquired or improved with NSP assistance; 09-2055/34189 4 Records documenting compliance with the fair housing and equal opportunity components of the NSP program; f. Financial records as required by CFR 570.502; and g. Other records necessary to document compliance the NSP funding program. 2. Retention The Subrecipient shall retain all financial records, supporting documents, statistical records, and all other records pertinent to the Agreement for a period of four (4) years. The retention period begins on the date of the submission of the Lead Entity's annual performance and evaluation report to HUD in which the activities assisted under the Agreement are reported on for the final time. Notwithstanding the above, if there is litigation, claims, audits, negotiations or other actions that involve any of the records these must be retained until completion of the actions and resolution of all issues, or the expiration of the four-year period, whichever occurs later. 3. Client Data The Subrecipient shall maintain client data demonstrating client eligibility for services provided. Such data shall include, but not be limited to, client name, address, income level or other basis for determining eligibility, and description of service provided. Such information shall be made available to Lead Entity monitors or their designees for review upon request. 4. Disclosure The Subrecipient understands that client information collected under this contract is private and the use or disclosure of such information, when not directly connected with the administration of the Lead Entity's or Subrecipient's responsibilities with respect to services provided under this contract, is prohibited by the California law or Federal Law unless written consent is obtained from such person receiving service and, in the case of a minor, that of a responsible parent/guardian. 5. Close-outs The Subrecipient's obligation to the Lead Entity shall not end until all close-out requirements are completed. Activities during this close-out period shall include, but are not limited to: making final payments, disposing of program assets (including the return of all unused materials, equipment, unspent cash advances, program income balances, and accounts receivable to the Lead Entity), and determining the custodianship of records. Not withstanding the foregoing, the terms of this Agreement shall remain in effect during any period that the Subrecipient has control over NSP funds, including program income. 6. Audits & Inspections 09-2055/34189 5 All Subrecipient records with respect to any matters covered by this Agreement shall be made available to the Lead Entity, grantor agency, and the Comptroller General of the United States or any of their authorized representatives, at any time during normal business hours, as often as deemed necessary, to audit, examine, and make excerpts or transcripts of all relevant data. Any deficiencies noted in audit reports must be fully cleared by the Subrecipient within 30 days after receipt by the Subrecipient. Failure of the Subrecipient to comply with the above audit requirements will constitute a violation of this contract and may result in the withholding of future payments. The Subrecipient hereby agrees to have an annual agency audit conducted in accordance with current Lead Entity policy concerning Subrecipient audits and OMB Circular A-133. B. Reportingand Procedures 1. Program Income The Subrecipient shall report quarterly any program income (as defined at 24 CFR 570.500(a)) generated by activities carried out with NSP funds made available under this contract. The use of program income by the Subrecipient shall comply with the requirements set forth at 24 CFR 570.504. By way of further limitations, the Subrecipient may use such income during the contract period for activities permitted under this contract and shall reduce requests for additional funds by the amount of any such program income balances on hand. All unexpended program income shall be returned to the Lead Entity at the end of the contract period. Any interest earned on cash advances from the U.S. Treasury and from funds held in a revolving fund account is not program income and shall be remitted promptly to the Lead Entity. 2. Indirect Costs If indirect costs are charged, the Subrecipient will develop an indirect cost allocation plan for determining the appropriate Subrecipient's share of administrative costs and shall submit such plan to the Lead Entity for approval, in a form specified by the Lead Entity. 3. Payment Procedures The Lead Entity will pay to the Subrecipient funds available under this Agreement based upon information submitted by the Subrecipient and consistent with any approved budget and Lead Entity policy concerning payment. With the exception of certain advances, payments will be made for eligible expenses actually incurred by the Subrecipient, and not to exceed actual cash requirements. Payments will be adjusted by the Lead Entity in accordance with advance fund and program balances available in Subrecipient accounts. In addition, the Lead Entity reserves the right to liquidate funds available under this contract for costs incurred by the Lead Entity on behalf of the Subrecipient. 09-2055/34189 6 4. Progress Reports The Subrecipient shall submit regular Progress Reports to the Lead Entity in the form, content, and frequency as required by the Lead Entity. C. Use and Reversion of Assets The use and disposition of real property and equipment under this Agreement shall be in compliance with the requirements of 24 CFR Part 84 and 24 CFR 570.502, 570.503, and 570.504, as applicable, which include but are not limited to the following: 1. The Subrecipient shall transfer to the Lead Entity any NSP funds on hand and any accounts receivable attributable to the use of funds under this Agreement at the time of expiration, cancellation, or termination. 2. Real property under the Subrecipient's control that was acquired or improved, in whole or in part, with funds under this Agreement in excess of $25,000 shall be used to meet one of the NSP funding objectives until five (5) years after expiration of this Agreement [or such longer period of time as the Lead Entity deems appropriate]. If the Subrecipient fails to use NSP-assisted real property in a manner that meets a NSP objective for the prescribed period of time, the Subrecipient shall pay the Lead Entity an amount equal to the current fair market value of the property less any portion of the value attributable to expenditures of non-NSP funds for acquisition of, or improvement to, the property. Such payment shall constitute program income to the Lead Entity. The Subrecipient may retain real property acquired or improved under this Agreement after the expiration of the five-year period [or such longer period of time as the Lead Entity deems appropriate]. 3. In all cases in which equipment acquired, in whole or in part, with funds under this Agreement, is sold, the proceeds shall be program income (prorated to reflect the extent that funds received under this Agreement were used to acquire the equipment). Equipment not needed by the Subrecipient for activities under this Agreement shall be (a) transferred to the Lead Entity for the NSP program or (b) retained after compensating the Lead Entity [an amount equal to the current fair market value of the equipment less the percentage of non-NSP funds used to acquire the equipment]. V. PERSONNEL & PARTICIPANT CONDITIONS A Compliance Subrecipient agrees to carry out each activity in compliance with all Federal laws and regulations described in Subpart K of Part 5701 of Chapter V of Title 24 of the Code of Federal Regulations. 09-2055/34189 7 B. Access to Records The Subrecipient shall furnish and cause each of its own subrecipients or subcontractors to furnish all information and reports required hereunder and will permit access to its books, records and accounts by the Lead Entity, HUD or its agent, or other authorized Federal officials for purposes of investigation to ascertain compliance with the rules, regulations and provisions stated herein. C. Conduct 1. Assignability The Subrecipient shall not assign or transfer any interest in this Agreement without the prior written consent of the Lead Entity thereto; provided, however, that claims for money due or to become due to the Subrecipient from the Lead Entity under this contract may be assigned to a bank, trust company, or other financial institution without such approval. Notice of any such assignment or transfer shall be furnished promptly to the Lead Entity. VI. SEVERABILITY If any provision of this Agreement is held invalid, the remainder of the Agreement shall not be affected thereby and all other parts of this Agreement shall nevertheless be in full force and effect. VIL SECTION HEADINGS AND SUBHEADINGS The section headings and subheadings contained in this Agreement are included for convenience only and shall not limit or otherwise affect the terms of this Agreement. VIII. WAIVED The Lead Entity's failure to act with respect to a breach by the Subrecipient does not waive its right to act with respect to subsequent or similar breaches. The failure of the Lead Entity to exercise or enforce any right or provision shall not constitute a waiver of such right or provision. IX. ENTIRE AGREEMENT This agreement constitutes the entire agreement between the Lead Entity and the Subrecipient for the use of funds received under this Agreement and it supersedes all prior or contemporaneous communications and proposals, whether electronic, oral, or written between the Lead Entity and the Subrecipient with respect to this Agreement. 09-2055/34189 8 IN WITNESS WHEREOF, the Parties have executed this contract as of the date first written above. SUBRECIPIENT CITY OF BUENA PARK City Manager City Clerk APPROVED AS TO FORM: City Attorney 09-2055/34189 9 LEAD ENTITY CITY OF HUNTINGTON BEACH, a municipal corporation of the State of California Ole Mayor JCity Clerk INITIATED APDAPPROVED: Director of Economie-D&,v,�Iopment City AS TO FORM: TVED ity Attorney III WITM'ASS' WHEIRIEW, the Panies have exemited this contract as of thy; date first mntte , above, SM4,71,MPIENT LEAD ENTITY CITY OF BUENAPARK CITE' OF HII. `:I`l ,']'ON BEACH, a m1midpai corporation of tlhe taste of t: li orni laity l,t a ex Mayor OLZ City, Clerk 1-1 *11 C;ty At-tomc%y uI11.ctlw 1- Inc no is Dev l pme>nt : V X .ANDAPPROVED: �.w � Ewa VETS A S I° � X City . ttozey 9 ATTACHMENT #3 RESOLUTION NO. 2009-29 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HUNTINGTON BEACH APPROVING AN APPLICATION FOR FUNDING AND THE EXECUTION OF A GRANT AGREEMENT AND ANY AMENDMENTS THERETO FROM THE STATE OF CALIFORNIA NEIGHBORHOOD STABILIZATION PROGRAM (NSP) WHEREAS, On July 30, 2008, the United States Congress passed the Housing and Economic Recovery Act of 2008 ("HERA"). Among the Act's numerous provisions is the Neighborhood Stabilization Program ("NSP"), which is expected to provide funds to state and local governments to purchase abandoned and foreclosed homes and residential property. The NSP is intended to rejuvenate neighborhoods and communities affected by the foreclosure crisis through the renovation and rehabilitation of those homes, the elimination of blight and the reinvigoration and stabilization of the affected neighborhoods. Specifically, the funds allocated by the NSP can be used for the following purposes: l . Purchase and rehabilitate homes to sell, rent or redevelop; 2. Create land banks for homes that have been foreclosed upon; Demolish blighted structures; 4. Redevelop demolished or vacant properties; and, Establish financing mechanisms for purchase and redevelopment of foreclosed upon homes and residential properties; and The State of California has received One Hundred Forty -Five Million Dollars ($145,000,000) in NSP funding to address abandoned and foreclosed homes; and The State has announced that the City of Huntington Beach is eligible to receive up to Four Hundred Eleven Thousand One Hundred Twenty -Three Dollars ($411,123.00) in NSP funding; and The City desires to allocate Redevelopment Agency Housing Set Aside funds in the amount of One Million Fifty -Thousand Dollars ($1,050,000.00) as additional monies to fund activities authorized by this resolution; and The City of Huntington Beach considered this resolution at a public meeting that provided the public with an opportunity to review and comment on this resolution; NOW, THEREFORE, the City Council of the City of Huntington Beach does hereby resolve as follows: 09-2055/34034 Resolution No. 2009-29 SECTION 1: The City Council of the City of Huntington Beach has reviewed and hereby approves an application (and its contents) for up to Four Hundred Eleven Thousand One Hundred Twenty -Three Dollars ($411,123) for the following activities: • Establish financing mechanisms for the purchase and redevelopment of foreclosed homes and residential properties, including such mechanisms as down -payment assistance, soft -seconds, loan loss reserves, and shared -equity loans for low- and moderate income homebuyers; • Establish land banks for homes that have been foreclosed upon; • Redevelop demolished or vacant properties. SECTION 2: If any additional NSP funding becomes available at a later date, the City of Huntington Beach is authorized to apply for, and/or accept funding, up to the maximum amount available under the NSP Allocation. Any additional NSP funding will be used in' accordance with funding requirements established by the State of California Neighborhood Stabilization Program. SECTION 3: The City of Huntington Beach hereby approves and directs the allocation of Redevelopment Agency Housing Set Aside funds in the amount of One Million Fifty - Thousand Dollars ($1,050,000.00) to be combined with allocated NSP funds that are received by the City. SECTION 4: The City Administrator is hereby authorized and directed to act on the City of Huntington Beach's behalf in all matters pertaining to this application. SECTION 5. If the application is approved, the City Administrator is authorized to enter into and sign the grant agreement, and any subsequent amendments thereto, with the State of California for the purposes of this grant. SECTION 6. If the application is approved, the City Administrator is authorized to sign funds requests and other required reporting forms. PASSED AND ADOPTED by the City Council of the City of Huntington Beach at a regular meeting thereof held on the 1 s t -day of u n e 12009. a.4-� — Mayor REVIE D APPROVED: INI=AAPPROVED: City mi strator Direlopment PPROVED AS TO FORM: Attorn y U -;57") 09-2055/34034 2 Res. No. 2009-29 STATE OF CALIFORNIA COUNTY OF ORANGE ) ss: CITY OF HUNTINGTON BEACH j I, JOAN L. FLYNN the duly elected, qualified City Clerk of the City of Huntington Beach, and ex-officio Clerk of the City Council of said City, do hereby certify that the whole number of members of the City Council of the City of Huntington Beach is seven; that the foregoing resolution was passed and adopted by the affirmative vote of at least a majority of all the members of said City Council at a regular meeting thereof held on June 1, 2009 by the following vote: AYES: Carchio, Dwyer, Bohr, Coerper, Hardy, Hansen NOES: None ABSENT: Green ABSTAIN: None y Clerk and ex-officiVClerk of the City Council of the City of Huntington Beach, California 0 J CITY F TIN TBEACH �� Interdepartmental Memo TO: Honorable Mayor and M mbers of the City Council VIA: Fred A. Wilson, City A i trator FROM: Stanley Smalewitz, Dire for of Economic Development Sj)2� DATE: June 1, 2009 SUBJECT: Late Communication — Consent Calendar Item 11 — Agreement with Buena Park for Neighborhood Stabilization Program Attached is a matrix of all Orange County NSP recipients and funding amounts. Three cities received money directly from HUD, one city received Tier I funding (over $1 million) and 17 cities received Tier II funding. As stated in the Agenda report, Tier II cities are required to combine with other cities to reach an amount of $1 million of NSP funding. The City of Huntington Beach wil receive $411,123, which can be used to purchase foreclosed homes within certain census tracts. Attached is a map of qualified areas within Huntington Beach. If you have any questions, please call me at extension 5909. Attachments Z-119`/Z -- - /7-7 �—c Cam'/ �� c3.✓ ED 09-28 - 2 Late Communication -1- 6/1/2009 11:24:00 AM Orange County NSP Recipients Tier Level Dollar Amount Garden Grove Tier 1 $1,180,823 Buena Park Tier 2 $589,009 Costa Mesa Tier 2 $303,749 Fountain Valley Tier 2 $123,469 Fullerton Tier 2 $608,623 Yorba Linda Tier 2 $154,129 Huntington Beach Tier $411,123 Irvine Tier 2 $321,001 La Habra Tier 2 $457,482 Laguna Niguel Tier 2 $190,966 Lake Forest Tier 2 $365,229 Mission Viejo Tier 2 $351,961 Orange City Tier 2 $560,583 Westminster Tier 2 $340,641 Rancho Santa Margarita Tier 2 $223,313 San Clemente Tier 2 $133,431 San Juan Capistrano Tier 2 $364,053 Tustin Tier 2 $369,907 Santa Ana Direct from HUD $5,795,151 Orange County Direct from HUD $3,285,926 Anaheim Direct from HUD $2,653,455 Direct from HUD Total $11,734,532 Tier 1 Total $1,180,823 Tier 2 Total $5,868,670 Total Orange County NSP Allocations $18,784,025 y BOIS Ave.._ .. .. .. .. ..Edinger__"A r__A m-_._......�r.� _..War. e.�e-.-.�._�__ % �-T_alber_ i \� 5� .arfield_AYe. ! � j Aft `4 City of Huntington. Beach `s 'f ` fl NSP Funding Eligbie f Aa . 1 C ' 0 1 Target Areas �. L� Atlanta -Axe...-_ ___.0 r fir. , . 1 -,FAe t j i \.i City of Huntington MAJOR NAMES �•� �` Beach HARBOR "-_s Map produced by informat ion contained in the City of Huntington Beach Information Services Department CID BG AREAS (CID BGAreaNm)ia V/. Q G o Geographic Information S ystem. Information warranted for Adams City use only. Huntington Beach does not guarantee its Washington completeness or accuracy. Goldenwest e Map Produced on 5/27/2009 Oakview - Newland Bolsa Chica - Heil ._>l 5 Garfield Yorktown _ CENSUS TRACTS I s n I 0 6266 12532 PIER El One inch equals 6266 feet " . TO: VIA: FROM: DATE: CITY OF �HUNTINGTON BEACH. Interdepartmental Memo Honorable Mayor and Member of the City Council Fred A. Wilson, City Administ Stanley Smalewitz, Director of Economic Development June 1, 2009 SUBJECT: Late Communication — Consent Calendar Item 1.1 - Approve Joint Powers Agreement w/ City of Buena Park and Matching Funds Resolution/ NSP Funding The Redevelopment Agency has received additional comments from the City of Buena Park regarding the Participating Public Jurisdiction Joint Agreement and the Agreement. between the. City of Huntington Beach and the City Buena Park For Allocation of Neighborhood Stabilization Funds. Those comments include adding back eligible activities that were deleted from the sub -recipient agreement and changing the signature approval from Mayor to City Manager. The City Attorney's office has reviewed the changes and finds that they are not substantive to the intent of the agreements. Therefore, please change recommended actions 1 and 2 on RCA ED 09-28, Approve Joint Powers Agreement w/ City of Buena Park and Matching Funds Resolution -NSP Funding, to (changes in italics): 1. Authorize: City Administrator to sign the Participating Public Jurisdiction Joint Agreement to Participate in the: Neighborhood Stabilization Program with the City of Buena Park, in its substantial form. 2. Approve the Agreement Between the City of Huntington Beach and -the City Buena Park For Allocation of Neighborhood Stabilization Funds, in its substantial form. The City Attorney's office will incorporate the changes into the final documents before . they are sent to. the City of Buena Park for signature. AGREEMENT BETWEEN THE CITY OF HUNTINGTON BEACH AND THE CITY OF BUENA PARK FOR ALLOCATION OF NEIGHBORHOOD STABILIZATION FUNDS THIS AGREEMENT, entered this day of between the City of Huntington Beach (herein called the "Lead Entity") Park (herein called the "Subrecipient"). /% 20 by and the City of Buena WHEREAS, On July 30, 2008, the United States Congress Iiassed the Housing and Economic Recovery Act of 2008 ("HERA"). Among HERA's numerous provisions is the Neighborhood Stabilization Program ("NSP"), which is expected,t!0 provide funds to state and local governments to purchase abandoned and foreclosed homes/and residential property; and WHEREAS, as part of the funding permitted under the NSP, the United States Department of Housing and Urban Development allocateA funds to the State of California. The California Department of Housing and Community/Development ("HCD") is responsible for administering and implementing the NSP in California and distributing NSP funds to eligible communities; and WHEREAS, Lead Entity and Subrecipient have both been identified as communities that are eligible to receive an allocation of NS,P�funds and the State of California's Substantial Amendment to the Annual Plan for NSP states that units of general local government may create joint agreements in order to reach tfe minimum dollar threshold established for these NSP funds; and �! WHEREAS, Lead Entity and the Subrecipient have entered into a "Participating Public Jurisdiction Joint Agreement to Participate in the Neighborhood Stabilization Program," in order to identify the Lead Entity as being responsible for developing and administering a local NSP for t/e/ use and allocation of the Lead Entity's and Subrecipient's combined NSP Funds to serve row and moderate -income households; and WHEREAS, Lead l ntity is required to allocate the NSP Funds to Subrecipient by written agreement and the Lead Entity and Subrecipient intend for this agreement to satisfy this requirement. NOW, THEREFORE, it is agreed between the parties hereto that; I. STATE FA Subreci implement the OF WO has been allocated $589,009 and may use up to $559,558.55 to ing activities within the City of Buena Park: 09-2055/34189 1. Establish financing mechanisms for the purchase and redevelopment of foreclosed homes and residential properties, including such mechanisms as soft -seconds, loan loss reserves, and shared -equity loans for low- and moderate -income homebuyers; 2. Establish land banks for homes that have been foreclosed upon; 3. Redevelop demolished or vacant properties. The Subrecipient will be responsible for participating in the Lead Entity's NSP by identifying eligible projects and applying to the Lead Entity for an allocatifen of local NSP funds for projects. The Subrecipient agrees to execute the State of Cali dmia's NSP grant agreement and satisfy the requirements of California's NSP. The Subrecipient shall be responsible for using and administering any and all local NSP Funds from the Lead Entity in a manner consistent with State of California's NSP grant agreement and the requirements of California's NSP; administering the funds in a mannevsatisfactory to the Lead Entity and consistent with any standards required as a condition of/providing these funds. If Subrecipient fails to obligate Seventy-five perccent (75%) of all funds granted by Lead Entity to Subrecipient by December 31, 2009, and//or fails to expend the remainder by March 31, 2010, Lead Entity may withhold allocation gfNSP funds. II. NOTICES Notices required by this Agre prepaid), commercial courier, or pet means. Any notice delivered or sent sending. All notices and other w addressed to the individuals in the c subsequent written notice. ne . t shall be in writing and delivered via mail (postage 7o 1 delivery or sent by facsimile or other electronic aforesaid shall be effective on the date of delivery or tten communications under this Agreement shall be )acities indicated below, unless otherwise modified by Communication and de ails concerning this contract shall be directed to the following contract representatives: %` Lead Entity % Subrecipient City of Hunt NSP Admini Economic D 2000 Main S Huntington I Telephone — Fax Number Department ich, CA 92648 14) 536-5529 (714) 375-5087 City of Buena Park NSP Administrator Attn: City Manager 6650 Beach Boulevard P.O.Box 5009 Buena Park, CA 90622-5009 09-2055/34189 2 III. GENERAL CONDITIONS A. General Compliance The Lead Entity and Subrecipient agree that each are responsible for ensuring that NSP funds are used in accordance with all NSP program requirements The Lead Entity is responsible for applying the same requirements to itself as are applicable to the Subrecipient. The Subrecipient agrees to comply with all other applicable Federal, state and local laws, regulations, and policies governing the funds provided under this contract. B. Hold Harmless The Subrecipient shall hold harmless, defend and indemnify the Lead Entity from any and all claims, actions, suits, charges and judgments whatsoever that arise out of the Subrecipient's performance or nonperformance of the services or subject matter called for in this Agreement. C. Workers' Compensation The Subrecipient shall provide Workers' Compensation Insurance coverage for all of its employees involved in the performance o this Agreement. D. Insurance & Bonding The Subrecipient shall carry/§ufficient insurance coverage to protect contract assets from loss due to theft, fraud and/or physical damage, and as a minimum shall purchase a blanket fidelity bond covering adl employees in an amount equal to cash advances from the Lead Entity. The Subrecipient shall comply with the bonding and insurance requirements of 24 CFR 84.31 and 84.48, Bonding and Insurance. E. Lead Entitv Recognition The Subrecipient shall insure recognition of the role of the Lead Entity in providing services through thWAgreement. All activities, facilities and items utilized pursuant to this Agreement shall be prominently labeled as to funding source. In addition, the Subrecipient will include a reference to the support provided herein in all publications made possible with funds available under this Agreement. F. The Lead Entity or Subrecipient may amend this Agreement at any time provided that such amendments make specific reference to this Agreement, and are executed in writing, signed by a duly authorized representative of each organization, and approved by the Lead Entity's governing body. Such amendments shall not invalidate this Agreement, nor relieve or release the Lead Entity or Subrecipient from its obligations under this Agreement. 09-2055/34189 3 The Lead Entity may, in its discretion, amend this Agreement to conform with Federal, state or local governmental guidelines, policies and available funding amounts, or for other reasons. If such amendments result in a change in the funding, the scope of services, or schedule of the activities to be undertaken as part of this Agreement, such modifications will be incorporate only by written amendment signed by both Lead Entity and Subrecipient. G. Suspension or Termination The Lead Entity may suspend or terminate this Agreement if the Subrecipient materially fails to comply with any terms of this Agreement, which include (but are not limited to) the following: , 1. Failure to comply with any of the rules/regulations or provisions referred to herein or such statutes, regulations, executive orders, and HUD guidelines, policies or directive as may become applicable at any time. 2. Failure, for any reason, of the Subrecipient to fulfill in a timely and proper manner its obligations under this/Agreement; 3. Improper use of funds 4. Submission by the incomplete in any IV. Subrecipient agrees to described in 24 CFR 570.502. 0 under this Agreement; or pient to the Lead Entity reports that are incorrect or respect. ly with applicable uniform administrative requirements The Subrecipient shall maintain all records required by the Federal regulations specified in 24 CFR 570.506 that are pertinent to the activities to be funded under this Agreement. Such records shall include but not be limited to: a. Records providing a full description of each activity undertaken; b. Records demonstrating that each activity undertaken meets one of the ,objectives of the NSP program; c. Records required to determine the eligibility of activities; d. Records required to document the acquisition, improvement, use or disposition of real property acquired or improved with NSP assistance; e. Records documenting compliance with the fair housing and equal opportunity components of the NSP program; 09-2055/34189 4 f. Financial records as required by CFR 570.502; and % g. Other records necessary to document compliance the NSP fundi 9 program. 2. Retention The Subrecipient shall retain all financial records, supporting documents, statistical records, and all other records pertinent to the Agreement for a period of four (4) years. The retention period begins on the date of the submission of the Lead Entity's annual performance and evaluation report to HUD in which the activities assisted under the Agreement are reported on for the final time./Notwithstanding the above, if there is litigation, claims, audits, negotiations or other actions that involve any of the records these must be retained until completion of the actions and resolution of all issues, or the expiration of the four-year period,,�whichever occurs later. 3. Client Data The Subrecipient shall maintain client data demonstrating client eligibility for services provided. Such data shall include, but not be limited to, client name, address, income level or other basis forketermining eligibility, and description of service provided. Such information shall be made available to Lead Entity monitors or their designees for review upon request. 4. Disclosure The Subrecipient understands that client information collected under this contract is private and the use or disclosure of such information, when not directly connected with the administration of the Lead Entity's or Subrecipient's responsibilities with respect to services provided under this contract, is prohibited by the California law or Federal Law unless/written consent is obtained from such person receiving service and, in the case.{of a minor, that of a responsible parent/guardian. 5. Close-outs The Subrecipient's obligation to the Lead Entity shall not end until all close-out requirements are completed. Activities during this close-out period shall include, but are not limited to: making final payments, disposing of program assets (including the return of all unused materials, equipment, unspent cash advances, program income balances, and accounts receivable to the Lead Entity), and determine> g the custodianship of records. Not withstanding the foregoing, the terms of this Agreement shall remain in effect during any period that the Subrecipient has control over NSP funds, including program income. 6. Audits All Subrecipient records with respect to any matters covered by this Agreement shall be made available to the Lead Entity, grantor agency, and the Comptroller General 09-2055/34189 5 of the United States or any of their authorized representatives, at any time during normal business hours, as often as deemed necessary, to audit, examine/ nd make excerpts or transcripts of all relevant data. Any deficiencies noted in audit reports must be fully cleared by the Subrecipient within 30 days after eceipt by the Subrecipient. Failure of the Subrecipient to comply with/the above audit requirements will constitute a violation of this contract and/may result in the withholding of future payments. The Subrecipient hereby agrees to have an annual agency audit conducted in accordance with current Lead Entity policy concerning Subrecipient audits and OMB Circular A-133. B. Reporting and Payment Procedures 1. Program Income The Subrecipient shall report quarterly any program income (as defined at 24 CFR 570.500(a)) generated by activities carried out with NSP funds made available under this contract. The use of program income byZhe Subrecipient shall comply with the requirements set forth at 24 CFR 570.504. By way of further limitations, the Subrecipient may use such income during`the contract period for activities permitted under this contract and shall reduce requests for additional funds by the amount of any such program income balances owhand. All unexpended program income shall be returned to the Lead Entity at the�end of the contract period. Any interest earned on cash advances from the U.S. Treasury and from funds held in a revolving fund account is not program income and shall be remitted promptly to the Lead Entity. 2. Indirect Costs If indirect costs are charged/the Subrecipient will develop an indirect cost allocation 75 plan for determining the appropriate Subrecipient's share of administrative costs and shall submit such plan to the Lead Entity for approval, in a form specified by the Lead Entity. 3. The Lead Entity will pay to the Subrecipient funds available under this Agreement based upon inf rmation submitted by the Subrecipient and consistent with any approved budget and Lead Entity policy concerning payment. With the exception of certain advances, payments will be made for eligible expenses actually incurred by the Subrecipient, and not to exceed actual cash requirements. Payments will be adjusted by/the Lead Entity in accordance with advance fund and program balances available in Subrecipient accounts. In addition, the Lead Entity reserves the right to liquidate funds available under this contract for costs incurred by the Lead Entity on behalf of the Subrecipient. 09-2055/34189 6 4. Progress Reports The Subrecipient shall submit regular Progress Reports to the Lead�Entity in the form, content, and frequency as required by the Lead Entity. C. Use and Reversion of Assets The use and disposition of real property and equipment under i his Agreement shall be in compliance with the requirements of 24 CFR Part 84,and 24 CFR 570.502, 570.503, -and 570.504, as applicable, which include but are not limited to the following: The Subrecipient shall transfer to the Lead EntityAany NSP funds on hand and any accounts receivable attributable to the use of funds under this Agreement at the time of expiration, cancellation, or termination. 2. Real. property under the Subrecipient's control that was acquired or improved, in whole or in part, with funds under this A/greement in excess of $25,000 shall be used to meet one of the NSP funding objectives until five (5) years after expiration of this Agreement [or such longer period of time as the Lead Entity deems appropriate]. If the Subrecipient fails to use NSP-assisted real property in a manner that meets a NSP objective for the prescribed period of time, the Subrecipient shall pay the Lead Entity an amount equal to the current fair market value of the property less any portion of the value attributable to expenditures of non-NSP funds/for acquisition of, or improvement to, the property. Such payment shall constitute program income to the Lead Entity. The Subrecipient may retain real property acquired or improved under this Agreement after the expiration of the five-year period [or such longer period of time as the Lead Entity deems appropriate]. 3. In all cases in which equipment acquired, in whole or in part, with funds under this Agreement, is sold, the proceeds shall be program income (prorated to reflect the extent that funds received under this Agreement were used to acquire the equipment). Equipment not needed by the Subrecipient for activities under thislAgreement shall be (a) transferred to the Lead Entity for the NSP program/or (b) retained after compensating the Lead Entity [an amount equal tothe current fair market value of the equipment less the percentage of non-NSP funds used to acquire the equipment]. V. PERSONNEL. & PARTICIPANT CONDITIONS ft Subrecipient agrees to carry out each activity in compliance with all Federal laws and regulations described in Subpart K of Part 5701 of Chapter V of Title 24 of the Code of Federal Regulations. 09-2055/34189 7 B. Access to Records The Subrecipient shall furnish and cause each of its own subre6pients or subcontractors to furnish all information and reports required hereunder and/will permit access to its books, records and accounts by the Lead Entity, HUD or its went, or other authorized Federal officials for purposes of investigation to ascertain compliance with the rules, regulations and provisions stated herein. C. Conduct 1. Assi nability The Subrecipient shall not assign or transfer any in the prior written consent of the Lead Entity thereto for money due or to become due to the Subrecipie��n. contract may be assigned to a bank, trust compat without such approval. Notice of any such assgnm promptly to the Lead Entity. y/ VI. SEVERABILITY -r st in this Agreement without provided, however, that claims from the Lead Entity under this y, or other financial institution :nt or transfer shall be furnished If any provision of this Agreement is held invalid, the remainder of the Agreement shall not be affected thereby and all other parts of this Agreement shall nevertheless be in full force and effect. VII. SECTION HEADINGS ANDSUBHEADINGS The section headings and subheadings contained in this Agreement are included for convenience only and shall not limit/Or otherwise affect the terms of this Agreement. VIII. WAIVER The Lead Entity's failure to act with respect to a breach by the Subrecipient does not waive its right to act with respect to subsequent or similar breaches. The failure of the Lead Entity to exercise or enforce any right or provision shall not constitute a waiver of such right or provision. , IX. This agreement constitutes the entire agreement between the Lead Entity and the Subrecipient for the use of funds received under this Agreement and it supersedes all prior or contemporaneous communications and proposals, whether electronic, oral, or written between the Lead Entity and the Subrecipient with respect to this Agreement. 09-2055/34189 8 IN WITNESS WHEREOF, the Parties have executed this contract of the date first written above. SUBRECIPIENT LEAD ENTITY CITY OF BUENA PARK CITY OF HUNTINGTON BEACH, a municipal corporation of the State of California^ Y. Mayor Mayor City Clerk City Clerk INITIATED D PPROVED: Director of Economic Development APPROVED: City PPROVED AS TO FORM: City Attorney, 09-2055/34189 9