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HomeMy WebLinkAboutRes OB-022 - Spplmnt Info (2)bin? IIF PFH.M 74-510 FUI:I/ WAUINC Dulvr PALM DESERT, CALIFON NIA 92 z60—Z5 78 TEL: 760 346-06i ago., c•ifyo(paimt(csc•rt.org ESE I GENDA PACKET November 7, 2012 rr-r::sma-.�xsr^•>-xrnaasv....:,w � .. Mr. Donnie Garibaldi RPM Company 1420 S. Mills, Suite M Lodi, California 95242 Dear Mr. Garibaldi: Subject: Contract No. SA32360 — Property Management Services for Adobe Villas Apartments Located at 45-330 Ocotillo Drive. Palm Desert Enclosed is a copy of the fully executed Agreement for your records. If you have any questions or require additional information, please do not hesitate to contact us. Sincerely, RACHELLE D. KLASSEN, MMC CITY CLERK RDK:mgs Enclosure as noted) cc/enc: Jessica Gonzales, Management Analyst Finance Department Contract No. SA32360 AGREEMENT FOR PROPERTY MANAGEMENT SERVICES ADOBE VILLAS APARTMENTS THIS AGREEMENT FOR PROPERTY MANAGEMENT SERVICES (this "Agreement") is made and entered into effective this, November 1, 2012, by and between the Successor Agency to the PALM DESERT REDEVELOPMENT AGENCY, a public body, corporate and politic having a principal place of business at 73-510 Fred Waring Drive, Palm Desert, California, (the "SARDA") and RAY, DOUGLAS, ANN & PATRICK, INC., a Califomia corporation, dba RPM Company Apartment Management Services, having a principal place of business at 1420 S. Mills, Suite M, Lodi, California 95242 (the "Manager"). The SARDA and the Manager may be referred to herein individually as a "Party" and collectively as the "Parties." RECITALS A. The SARDA is a public body, corporate and politic. B. The Manager is engaged in the business of managing, maintaining, repairing, operating and leasing apartment buildings, and has represented to the SARDA that the Manager is experienced and competent in said business. C. The SARDA and Manager desire to enter into this Agreement. D. The Property (the "Property") is that certain real property commonly known as 45-330 Ocotillo Drive, Palm Desert, CA 92260 or as more particularly described in Exhibit "A" attached hereto and made a part hereof. NOW, THEREFORE, in consideration of the foregoing premises and of the mutual and dependant covenants contained in this Agreement, the Parties agree as follows: 1. Effective Date. The effective date of this Agreement (the "Effective Date") shall be November 1, 2012. 2. Appointment. The SARDA hereby appoints the Manager and the Manager accepts appointment as the manager of the Property on the terms and conditions set forth in this Agreement. The Parties acknowledge and agree that this Agreement is only a Management Agreement between the Parties, that the Parties are not joint venturers or partners, and that Manager shall not be deemed to be an employee of the SARDA. The Manager shall at all times be an independent contractor. Contract No. SA32360 3. Professional Management Standards and the Management Plan. (a) Manager agrees to exert its best efforts, to furnish the services of its organization, and to exercise the highest degree of professional competence in managing the Property to provide the SARDA with the economic return consistent with proper management. (b) The Manager shall manage, maintain, repair, operate and lease the Property consistent with other multi -unit apartment complexes in the surrounding vicinity with comparable facilities and amenities. (c) The Manager hereby covenants and agrees to use Manager's best efforts to actively manage, maintain, repair, operate and lease the Property at their maximum potential. (d) Notwithstanding the authority granted in this Agreement, Manager agrees to abide by those standards and instructions that SARDA may issue from time to time in connection with the Management Plan (the "Management Plan") Said Management Plan shall be prepared by the Manager and shall detail the policies and procedures that the Manager will utilize in the operations of the Property. In the event of any inconsistency between this Agreement and the Management Plan, this Agreement shall control. The Management Plan shall include but shall not be limited to; (i) Policies required by local, State and Federal law with regard to apartment management; (ii) Policies related to prospective resident applications, applicant background checks, publicizing of vacancies, advertising, tenant outreach, tenant complaints and tenant retention; (iii) Leasing and eviction policies, including but not limited to methods of rent collections, resident notifications, house rules and enforcement thereof, and grievance resolutions; (iv) Copy of the current residential lease, lease addendums, and eviction notice forms; (v) Leasing office policies; including but not limited to, bank deposits, forms of payment, ordering supplies, bill paying, deposit refunds, uniform requirements, and collection of rents; (vi) Move -out procedures; (vii) Maintenance and repairs policies for both the grounds and unit maintenance; GAJ4OUSING\RENTAL\Adobe Wks Apts\Management A`reement\ADORE VILLAS APTS -RPM Management Agreement Effective 11.1-12.doc Page 2 of 36 Contract No. SA32360 (viii) Policies for tenant selection, waiting lists, and procedures for offering available units (e) The Manager shall be responsive to all tenant requests and concerns in a timely manner. The Manager shall make its best efforts to notify SARDA of tenant requests and concerns which are likely to be expressed by a tenant directly to the SARDA. Manager shall establish policies in order to address tenant requests and concems and resolution in the event of a dispute, within the Management Plan. (f) The Property has twelve (12) units. The Manager shall have an emergency contact available seven days a week, 24 hours a day. 4. Periodic Requirements The Manager shall: (a) Not Tess than once each week: (i) A member of the Manager's management staff will walk the Property in its entirety to identify any items of concern that may or may not be visible from frequently traveled thoroughfare, and prepare a detailed report of findings to be provided to the SARDA monthly. (ii) Inspect any mechanical and physical systems located on the Property and provide a report to the SARDA of said inspections monthly. (b) Not less than once during every calendar month: (i) Analyze the occupancy level of the Property. (ii) Analyze the financial condition of the Property including, without limitation, cash flow, income, expenses, and per unit average cost. (iii) Provide the SARDA with a report regarding the status of maintenance and repair projects including those in process, upcoming, completed, and those that have not been completed or which are recommended and have not yet been implemented, and which are to be carried over to the to the next fiscal year. (c) Within 60 days of the Effective Date and not less frequently than once within every 60 day period thereafter: (i) Maintain familiarity with the neighborhood, layout, character, plan and operation of the Property. (ii) Prepare and maintain inventories of all SARDA personal property and readily removable fixtures attached to the Property, and deliver those G:\HOUSINGVENTALWbbe VBWs Apts\Manppment Apsement{ADOBE VILIASAPTS-RPM Management Agreement Effective 11-1-12.doc Page 3 of 36 Contract No. SA32360 inventories to the SARDA at least once in each fiscal year by June 30 or upon request. (iii) Analyze the adequacy of reserves. (d) Not less than once annually on or before March 1st (i) Prepare and deliver a comprehensive financial budget plan, including reserve accounts where applicable, for the Property to the SARDA for the upcoming fiscal year operations July 1 to June 30. (ii) Examine the general condition of the Property and prepare a list of needed repairs and maintenance, and deliver that list to the SARDA along with the estimated costs for review. Once reviewed by the SARDA, incorporate estimations into the Plan noted in 4.(d) (i). Said list will include all items identified by Manager and be prioritized by the Manager in order of necessity. (Le. Critical, Health and Safety, Necessary, Preventative, etc.) (e) Manager will notify the SARDA of work, supplies, services, maintenance or repairs (emergency or otherwise) that were not included in the current operating budget but that may be necessary prior to the next operating budget year: (i) In December of each year, Manager will provide a report of necessary budget adjustments to be made for work that was pre -approved by the SARDA and estimates of anticipated work that is necessary. (ii) In the event there are items that have not been included in 4.(d)(i) or 4.(e)(i), then as necessary, Manager will provide a report of those items by priority to the SARDA. The SARDA will determine whether said request should be forwarded as a special item to the SARDA Board. (f) On the basis of the information gathered pursuant to Sections (a)- (e) of this Section 4, the Manager shall recommend in writing amendments and updates to the Management Plan at least once annually. The proposed amended Management Plan, together with any recommendations of the Manager for achieving maximum economic retum of the Property, shall be submitted to the SARDA. Any amendments to budget, policies or actions in the Management Plan are subject to the prior written approval of the SARDA unless the sole reason for the proposed amendment was due to changes or inconsistencies with current law. The Manager will continually review the Management Plan for the purpose of keeping the SARDA advised of necessary or desirable changes. 5. Determination of Performance Criteria. The parties have developed various performance criteria categories which will be used to evaluate the performance of the Manager. Such performance criteria categories are described on Exhibit G attached hereto and incorporated herein by reference. G:\NOUSING\RENTALIAdobe VIHu Apts\Management Apaement\ADOBE VILLAS APTS - RPM Management Agreement Effective 11-1-12doc Pap 4 of 36 Contract No. SA32360 6. Term. The parties agree that the term ("Term") of this Agreement shall be month to month not to exceed ten (10) consecutive months, commencing with the Effective Date and ending on the expiration of the maximum month -to -month period or upon written notice by either party in accordance with the provisions of Section 28, below. 7. Manaaement Office. The Management office will be located at one of the locations identified in Exhibit C and may change from time to time. Upon a change in the Management office location, Manager shall notify tenants of the new location within seventy two (72) hours. Manager shall maintain a rent drop -box at the Property as of the Effective Date. The SARDA shall pay all approved expenses related to such office, including, but not limited to, furnishings, equipment, postage, office supplies, electricity, telephone, answering service, and security monitoring services, if any. The SARDA shall retain ownership of all of the foregoing purchases from the operating budget. 8. Information on the Prooertv. The Manager acknowledges that it has been furnished with building plans and specifications, if available, for the Property, and copies of any available reports on file including manufacturer's preventive maintenance schedules, guarantees and warranties pertinent to the fixtures, mechanical equipment, and appliances used in the operation of the Property. The Manager shall maintain files with current plans and specifications based upon any repairs, and current files of all additional manufacturer's preventive maintenance schedules, guarantees and warranties pertinent to the new fixtures, mechanical equipment, and appliances used in the operation of the Property. 9. Familiarity With Eauloment. The Manager has become thoroughly familiar with the character, location, construction, layout, plan and operation of the Property, and especially of the electrical, heating, plumbing, air conditioning and ventilation systems, and all other mechanical equipment, and the Manager shall maintain such familiarity. 10. Leasina. The Manager will act as the SARDA's exclusive agent in leasing the dwelling units (the "Units") in the Property. The following provisions will apply: (a) The Manager shall use all reasonable efforts to keep the Property leased by procuring tenants for the Property and negotiating and executing on behalf of the SARDA all leases for the Units. The Manager is authorized to enter into and execute initial leases with tenants for a minimum term of six months and a maximum term of 12 months without the prior written approval of the SARDA. Any lease for a shorter or longer period shall require the prior written consent of the SARDA. The Manager shall also submit to the SARDA copies of all notices terminating any tenant leases and all notices to vacate served on any tenant prior to the expiration of the lease term or after the expiration of the lease term if tenancy has converted to month -to - month, together with an explanation for the applicable notice. (b) The Manager shall lease all the Units in accordance with the terms of this Agreement, in compliance with all applicable Federal, state and local laws, and in G;\HOUSINGVIENTAL\Adobe VIPs Apts.Manapment A{mement\ADOBE VILLAS APTS.RPM Management Agnomen Effective 11.1.12doe Pap 5 of 36 Contract No. SA32360 accordance with any further direction from the SARDA. (c) The Manager will be responsible for screening and selection of existing and prospective tenants in accordance with applicable Federal, state and local laws. The Manager will follow the tenant selection policy described in the Management Plan. (d) The Manager shall not decline to lease any Unit on the Property to a prospective tenant on the basis of the tenant's race, color, creed, national origin, ethnicity, sex, religion, age, physical or mental disability, medical condition, sexual orientation, or any other classification then protected by law. (e) Prior to executing any lease with a tenant, the Manager shall obtain the written consent of the applicant to perform a complete background check, and shall perform same, including: (1) investigate the financial ability and history of the prospective tenant to pay rent, (2) perform necessary credit checks, (3) obtain references from employers and prior landlords, (4) verify the income of tenants as specified in the Management Plan to the extent deemed necessary by Manager to protect the SARDA against financial loss and to protect the physical condition of the Property, (5) verify all matters that are required to be checked by Federal and/or state law, and (6) verify those matters that may and should be checked to ensure and promote the safety and welfare of all tenants of the Property, Manager's staff and the public. A non-exclusive list of the required and permissive verifications, consent language and sampling of reputable online resources are set forth in Exhibit K, as may be modified by changes in applicable law. Manager shall comply at all times with applicable Federal and state law in all aspects of the tenant screening and application process. 11. Security Deposits. The Manager will collect, deposit, and disburse security deposits in accordance with the terms of each tenant's lease. The amount of each security deposit will be as specified in the Management Plan. The collection and disbursement of security deposits will also be governed by the then applicable state and local laws. All tenant security deposits will be placed in a security deposit trust account separate from all other funds of the Manager and/or the SARDA. The security account will be established at a bank whose deposits are insured by an agency of the United States government. The security deposit account will be carried in the name of the Manager and designated on record as the "Security Deposit Account" for the Property. The balance of the security deposit account or accounts shall not be used to pay general operating expenses without the written consent of the SARDA. Notwithstanding the foregoing, security deposits received must be documented and accounted for at all times and the Manager must comply with any applicable state and local laws concerning interest payments on security deposits. 12. Collection of Rents and Other Receipts. The Manager will collect when due all rents, charges and other amounts receivable on the SARDA's account in connection with the management, maintenance, repair, operation and leasing of the GAHOUSING1RENTAL\Adobe Wise Apts\Management Agreement\ ADORE VILLAS APTS - RPM Management Agreement Effective 11-1d2.doc Page 6 of 36 Contract No. SA32360 Property. Such receipts (except for tenants' security deposits, which will be handled as specified in Section 11 above) will be deposited in an account of the Manager, at a bank whose deposits are insured by an agency of the United States Government. This account or accounts will be carried in the name of the Manager and designated on record as the "General Operating Account" for the property. 13. Enforcement of Leases. The Manager will ensure full compliance by each tenant with the terms of that tenant's lease. Voluntary compliance will be emphasized. Involuntary termination of tenancies shall comply with all applicable laws and regulations. The Manager is designated as the SARDA's agent with the right to enter and take possession of the units, in accordance with applicable law, and shall lawfully terminate any tenancy when, in the Manager's reasonable judgment, sufficient cause (including, but not limited to, nonpayment of rent) for such termination occurs under the terms of the tenant's lease. For this purpose, the Manager is authorized to consult with legal counsel qualified to bring unlawful detainer actions and to execute notices to vacate and judicial pleadings incident to such actions. The Manager shall keep the SARDA informed of such actions and follow such direction as the SARDA may provide for the conduct of any such action. Attomey's fees and costs incurred in connection with unlawful detainer actions will be paid out of the General Operating Account as an expense of the Property. Notwithstanding the foregoing, the Manager is at all times ultimately responsible for the enforcement of leases. Payment by the SARDA of legal fees and costs incurred in connection with unlawful detainer actions does not create an attomey-client relationship between SARDA and Manager's unlawful detainer legal counsel. 14. Maintenance and Repair. The Manager will maintain the Property in good, clean, safe and sanitary condition in accordance with the Management Plan and local codes and in a condition at all times acceptable to the SARDA. This will include, but not be limited to, cleaning, painting, plumbing, grounds care, and such other maintenance and repair works as may be necessary, subject to any limitations imposed by the SARDA in addition to those contained herein. Manager will ensure all vendors maintain the required licensing, insurance, permits, and approvals for any work performed in accordance with this Agreement, as well as all local, State, and Federal codes and regulations. incident thereto, the following provisions will apply: (a) The Manager will complete preventative maintenance activities in the most cost effective and efficient manner as possible, while not jeopardizing the expectations in quality for the Property. (b) The Manager will contract in compliance with Section 21 hereof with qualified independent contractors for the maintenance and repair of roofs, air- conditioning and heating systems and for extraordinary repairs beyond the capability of regular maintenance employees. G:\NOUSING\RENTALI Adobe V81as AItAManaIoment AlmomontAOOBE VILLAS APES • RPM Mana6om.nt Apumont EH.ethoo 114•12.doe Pogo 7 of 36 Contract No. SA32360 (c) The Manager will systematically receive and investigate all service requests from tenants, take such action thereon as may be warranted and will keep records of the same. Service requests will be addressed within four working days; provided, however, emergency requests will be received and serviced on a 24 hour basis. The Manager shall promptly investigate and respond to serious complaints as appropriate, and shall comply with all applicable Federal and state laws in connection with same, including but not limited to the requirements of the Fair Employment and Housing Act and other applicable fair housing laws, and shall promptly report such complaints and Manager's response thereto to the SARDA. The Manager shall advise tenants to report to law enforcement all complaints involving actual or threatened criminal activity. The Manager shall provide the SARDA with a monthly summary of all serious complaints received by the Manager. This summary shall include a brief description of each complaint and Manager's response thereto. (d) The Manager is authorized to purchase while complying with the provisions of Section 21, on behalf of the SARDA, all materials, equipment, tools, appliances, supplies and services necessary for proper maintenance and repair. The SARDA shall retain ownership of all said materials, equipment, tools, appliances and supplies. (e) Notwithstanding any of the foregoing provisions, the prior written approval of the SARDA will be required for any maintenance or repair project in which the overall cost is expected to exceed $10,000 for labor, materials, and/or otherwise in connection with the maintenance and repair of the Property. This limitation does not apply to recurring expenses within the limits of the operating budget or to emergency repairs involving manifest danger to persons or properties, or that are required to avoid suspension of any necessary service to the Property. In the latter event, the Manager will inform the SARDA in writing of the facts as promptly as possible. For purposes hereof, "recurring expenses" shall include utilities, pest control, laundry services, pool services, courtesy patrol, regulatory permits and vermin extermination. (f) Manager shall enter into all service contracts (such as pool services and landscape maintenance) in accordance with Section 21 and maintain all required permits and approvals on equipment, pools, facilities, etc. for the Property. (g) The Manager shall not undertake any work of construction or any work which would modify or change the exterior of any building or grounds. 15. Utilities and Services. In accordance with the Management Plan, the Manager will make arrangements for water, electricity, gas, sewage and trash disposal, vermin extermination, laundry facilities, telephone and cable service. Subject to receipt of the SARDA's prior written approval, the Manager will enter into such contracts as may be necessary to secure such utilities, vermin and extermination services, acting as Manager for the SARDA. G:HOUSINGjRENTAL\Adobe V81u Apts\Menegement ABLeement ADOBE VILLAS APTS -RPM MenageneM Apeement Effective 11-1-12doc Pap 8 of 36 Contract No. SA32360 16. Employees. (a) All personnel of the Manager involved with the management, maintenance, repair, operation or leasing of the Property will be employees of the Manager and will be hired, paid, directed, supervised, and discharged by the Manager. The Manager will provide sufficient resources (staff and/or services) in order to fulfill its obligations to the SARDA under the terms of this Agreement. All costs associated with hiring and discharging of such employees will be borne by the Manager. The Manager warrants that it has established employment policies in accordance with employment laws and said policies include a drug free work place or similar substance abuse policy, a zero -tolerance violence in the workplace policy and all other policies mandated by state and Federal law. The Manager warrants that all of its employees meet all qualifications, licensing and code requirements, applicable to completing assigned tasks. The Manager warrants that training will be provided to employees as may be required by local, State or Federal Law and will be conducted by an individual or entities qualified to provide such training. It is understood that, subject to sub Sections (b) and (c), below, all direct costs associated with employees working "on -site" and specifically identified on Exhibit F will be borne by the SARDA to include their direct salary (but not bonuses), Social Security taxes, employment taxes, medical insurance, Pension Plan, Worker's compensation, uniforms, Housing allowance and other benefits (if applicable). Only the cost of those positions set forth on Exhibit F shall be paid by the SARDA. Notwithstanding the foregoing, all personnel of the Manager are exclusively the employees of Manager, and not of the SARDA. (b) Manager shall have full and exclusive responsibility and liability for payment of all federal, state and local payroll taxes and for contributions for unemployment insurance, Social Security (FICA) and other benefits imposed or assessed under any provision of law or by regulation, and which are measured by salaries, wages, or other remuneration paid or payable by Manager to its employees engaged in any work in connection with this Agreement or indicated herein, for the payment of which the SARDA will reimburse the Manager, subject to the written approval of the Finance Director. The Manager shall have full and exclusive responsibility and liability for the withholding and payment of any income taxes required to be withheld from the wages or salaries of said employees under any provision of law or regulation. The Manager agrees to save and hold the SARDA harmless from all claims for penalties, interest, or costs which may be assessed under any law or any rules or regulations thereunder with respect to its failure or inability to perform the aforesaid responsibilities. (c) Upon ten days demand from the SARDA, the Manager shall cause any employee of the Manager to be removed from the Property, at the Manager's sole cost and expense. (d) Manager shall be solely responsible for the methods and means of managing its personnel to achieve the desired results. SARDA's authority over and involvement in Manager's employment matters shall be limited consistent with G:\HOUSING\RENTA1\AdoM Villas Apti\Manapment Agr em.m 4DO8E VILLAS APIS • RPM Minapm.nt Agreement Efieetivs 11.1.12.dee Pape 9 of 36 Contract No. SA32360 Manager's status as sole employer of its employees. 17. Disbursements from General Operatino Account. (a) From the funds collected and deposited by the Manager in the General Operating Account pursuant to Section 12 above, the Manager will make or • request the following disbursements promptly when payable: (i) The Manager shall request from the Director of Finance of the SARDA reimbursement to the Manager for compensation payable to the employees specified in "Exhibit F" together with an overhead charge percentage that will be determined annually by the Manager and approved by the Director of Finance of SARDA. This percentage will be applied to gross payroll with respect to employees specified in "Exhibit F", included on "Exhibit F" and submitted once each year during budget review. Said percentage may be adjusted during the budget year with written approval of the SARDA, and will include the employer's portion of medical, dental, life and A, D, and D insurance, workers compensation, taxes and assessments payable to local, state and federal governments in connection with the employment of such personnel. (ii) Notwithstanding the provisions of sub -Section (a)(i), above, the Manager shall make disbursements of all sums otherwise due and payable by theSARDA as expenses of the Property authorized to be incurred by the Manager under the terms of this Agreement, including compensation payable to the Manager, pursuant to Section 27 below, for its services hereunder. (b) Except for the disbursements mentioned in Section 12 above, funds will be disbursed or transferred from the General Operating Account only as the SARDA may from time to time direct in writing. Manager reimbursement checks in excess of $500.00 shall require approval of both the Manager and the Finance Director of the SARDA or his/her designee. (c) In the event the balance in the General Operating Account is at any time insufficient to pay disbursements due and payable under Section 17(a) above, the Manager will inform the SARDA prior to disbursing funds of that fact and the SARDA's Director of Finance will then remit to the Manager sufficient funds to cover the delinquency. In no event will the Manager be required to use its own funds to pay such disbursements that are directly related to the operation of the Property. (d) The SARDA will pay for or reimburse to RPM only those expenses that are expressly authorized by this Agreement to be borne by the SARDA. Any expenses incurred by Manager as a result of any legal judgment or administrative ruling against Manager or its officers, employees or agents, or any monetary settlement in lieu 'of same to resolve any dispute, or the costs incurred by Manager in connection therewith, including attorneys' fees for advice or defense to Manager, shall be the sole responsibility of the Manager. In the event any of the SARDA monies have been G:V4OUSING\RENTAL),Adobe Mae AMAManagement Agnement\ADOBE VILLAS APTS - RPM Management Agr..ment Effective 11-1-124oc Page 10 of 36 Contract No. SA32360 disbursed for this purpose, the Manager shall immediately reimburse SARDA. The SARDA may, in its sole discretion, elect to pay or reimburse the Manager for all or a portion of such expenses and/or costs if the SARDA deems that to be in the best interests of the SARDA or the community which it serves or to promote the public health, safety and/or welfare, and only upon written agreement between the SARDA and Manager, signed by each of the parties. 18. Budaets. Manager will prepare and submit annual operating budgets for the Property in forms satisfactory to the Director of Finance, which budgets shall include but not be limited to the following: Current Year Final Budget Adopted; Current Year Expected Actual; Upcoming Year Budget Request; Detailed Descriptions for any marginal deviations from Current Year; Detailed Descriptions for any Capital Expenditures for each Property; including Reserve Accounts where applicable and Exhibit F described above. Except as permitted under Section 14(e) above, annual disbursements for each category of operating expenses in the budget will not exceed the amount authorized by the approved budget without the prior written consent of the SARDA. The Manager shall prepare a recommended operating budget for each fiscal year during the term of this Agreement, and shall submit to the SARDA by March 1st of each year for the following fiscal year (July 1 to June 30). Additionally, the Manager shall prepare and submit to the SARDA a budget for each fiscal year thereafter covering the period from July 1 through the next following June 30. Each year of the term the SARDA will promptly inform the Manager of any changes incorporated in the approved budget, and the Manager will keep the SARDA informed of any material anticipated deviation from the receipts or disbursements stated in the approved budget. Manager may, upon the written request and after receipt of written approval of the SARDA, make disbursements exceeding the budgeted allowances within the budgeted categories for the Property. 19. Records and Reports. In addition to any requirements specified in the Management Plan or other provisions of this Agreement, the Manager will have the following responsibilities with respect to accounts and reports: (a) The Manager will establish and maintain, on a modified accrual basis, a comprehensive system of records, books and accounts in a manner satisfactory to the SARDA. All records, books and accounts will be subject to examination at reasonable hours by any authorized representative of the SARDA. The Manager shall maintain the books and records in good condition and order and shall preserve the books and records for such time period as the SARDA would be legally required to preserve and maintain the books and records. (b) The Manager will be subject to a quarterly review and an annual audit conducted by a firm of the SARDA's choice. The Manager agrees to make available all applicable records to the SARDA's auditors for annual review. The report will be prepared in accordance with generally accepted auditing standards. The audit report submitted by the audit firm will also be subject to a single audit at the SARDA's discretion. The preparer's services will be an expense of the SARDA Property. G:\HOUSING\RENTAL\Adobe Villas Apts\Management Agreement\ADOBE VILLAS APTS . RPM Management Agreement Effective 1i4-12.doc Page it of 96 Contract No. SA32360 (c) The Manager will furnish information as may be requested by the SARDA from time to time with respect to the financial, physical or operational condition of the Property, including, without limitation: (i) calculation and billing rent and other tenant charges; (ii) maintaining accounts receivable and delinquency records; (iii) maintaining rent rolls; (iv) processing and paying operating and capital invoices; (v) recording activity and comparing such activity to budgeted amounts; (vi) reconciling all expenditures; (vii) remitting excess funds to the SARDA and requesting needed funds from the SARDA; (viii) processing payroll for personnel employed in the discharge of this Agreement and in compliance with taxing authorities and other reporting requirements associated with payroll; and (ix) reports detailed in Exhibit I. (d) By the 20th day of each month, the Manager will furnish the SARDA with an itemized list of all delinquent accounts, including general operating accounts, as of the tenth day of the same month. (e) The Manager shall submit, to the SARDA's Finance Director those reports set forth in Exhibit H on the periodic bases. Reports designated as "monthly" on Exhibit H shall be submitted by the 20th day of each month; reports designated as "quarterly" shall be submitted by the 20th day of every third month, and reports designated as "annual" shall be submitted at the end of the fiscal year or the end of the calendar year as set forth on Exhibit H. In explanation but not limitation of the foregoing, the monthly reports to be submitted include: a statement of receipts and disbursements during the previous month; a schedule of accounts receivable and payable; reconciled bank statements for all accounts maintained by the Manager on behalf of the SARDA reflecting disbursements and deposit amounts as of the end of the previous month; a copy of general ledger account transactions and monthly aggregate utility consumption by utility; and such other matters relative to the management, operation, and maintenance of the Property including actual income and expense balances compared to budgeted or expected results as required by the Finance Director of the SARDA. Additional reports may be requested throughout the year as the SARDA deems necessary. 20. Fidelity Bond. The Manager will place the Property on a master fidelity bond, which provides blanket coverage equal to two months gross rent potential. The bond will provide coverage for all principals and agents of the Manager and all persons who participate directly or indirectly in the management of the Property and their assets, accounts and records. The premiums for such a bond will be paid and borne by the Manager. Specifically, coverage for the Manager, including all applicable persons in the Manager's employ, will be paid by the Manager, and coverage for the SARDA's personnel, if applicable, will be paid by the SARDA. Said fidelity bond shall be issued by a company which is reasonably acceptable to the SARDA, and Manager shall deliver to the SARDA a copy of said fidelity bond upon execution by the SARDA of this Agreement. 21. Bids. Discounts, Rebates or Commissions. The SARDA and Manager G:\HOUSING\RENTAL\Adobe Yates Apts\ManagementAgreemenA.ADOBE VILUI4 APTS - RPM Management Ayeement Effective 11-1-12.doc Page 12 of 36 Contract No. SA32360 agree to obtain contract materials, supplies and services at the lowest possible cost and on the most advantageous terms to the Property and to secure and credit to the Property all discounts, rebates and commissions obtainable with respect to purchases, service contracts and all other transactions on behalf of the Property. The Manager agrees that no goods and services shall be purchased from individuals, related companies and companies having a financial or pecuniary interest (a "conflict -of - interest") with the Manager. All vendor accounts shall be opened in the SARDA's name, upon prior written approval of the SARDA. The Manager will develop detailed scopes of work, materials, supplies, equipment and contractual services for the SARDA's review and prior written approval before undertaking any work of repair the cost of which may exceed $5,000 for a single Unit or project. If prior written approval has been received from the SARDA, the Manager shall comply with the procedures set forth in Ordinance No. 928 of the City of Palm Desert, and any amendments thereto, in connection with the purchase of any materials, supplies, equipment and contractual services to be paid for by the SARDA under this Agreement. The Manager agrees to accept the bid which represents the lowest price, taking into consideration the bidder's reputation for quality of workmanship or materials and timely performance, and the time frame within which the services or goods are needed. The Manager must make every reasonable effort to assure that the SARDA is obtaining services, supplies and purchases at the lowest possible cost. The Manager must make a written record of any verbal estimate obtained. Copies of all required bids and documentation of all other written or verbal cost comparisons made by the Manager shall be made part of the records of the Property and shall be retained for three years from the date the work was completed. This documentation shall be subject to inspection by the SARDA or its designee and the Manager agrees to submit such documentation upon request. Further, Manager shall annually submit a report to the SARDA describing the outcome of all bidding procedures, which report shall include the names of all bidders and the amount of their bids, and shall indicate to which bidder the contract was awarded. The Manager agrees to make available to the SARDA, when requested, all records of the Manager, which relate to the provision of goods or services to the SARDA whenever funds from the Property have been used to pay for such goods and/or services (other than management services). 22. Resident Services Program. The Manager will be responsible for carrying out any social services program described in the Management Plan and any other program or service that may become available that are in the best interest of the residents or community to promote public health, public safety or tenant welfare. 23. Resident - Management Relations. The Manager will establish annual meetings at the Property when necessary to promote resident communication. G:\$OUSING\RENTAL\Adobe Villas Apts\Management Apeement\ADOBE VRIAS APTS -RPM Management Agreement Effeetbn 11d42.doc Page 13 of 36 Contract No. SA32360 24. Defense. Indemnity and Hold Harmless Aareement. The Manager and SARDA agree that SARDA, the City of Palm Desert, the Palm Desert Housing Authority, and their respective officials, officers, employees, and agents (collectively "Indemnitees") should, to the extent permitted by law, be fully protected against any loss, injury, damage, complaint, claim, lawsuit, cost, expense, attorneys fees, litigation costs, defense costs, court costs or any other cost arising out of or in any way related to Manager's performance of this Agreement. Accordingly, the provisions of this defense, indemnity and hold harmless provision are intended by the Parties to be interpreted and construed to provide the fullest protection possible under the law to the Indemnitees. Manager acknowledges that SARDA would not enter into this Agreement in the absence of the commitment of Manager to indemnify, defend, protect and hold harmless SARDA as set forth herein. To the full extent permitted by law, Manager shall indemnify, defend, protect and hold harmless the Indemnitees from any liability, complaints, claims, suits, actions, arbitration proceedings, administrative proceedings, regulatory proceedings, losses, expenses or costs of any kind, whether actual, alleged or threatened, actual attorney fees incurred by SARDA, court costs, interest, defense costs including expert witness fees and any other costs or expenses of any kind whatsoever without restriction or limitation incurred in relation to, as a consequence of or arising out of or in any way attributable actually, allegedly or impliedly, in whole or in part to the performance of this Agreement. All obligations under this provision shall be paid by Manager as they are incurred by SARDA. Manager shall defend the Indemnitees, and bear the expense thereof, with lawyers selected or approved by SARDA. Without affecting the rights of the Indemnitees under any provision of this Agreement or this Section 24, the Manager shall not be required to indemnify, defend, protect and hold harmless the Indemnitees as set forth above for liability attributable solely to the fault of the Indemnitees. 25. Professional Services Insurance Reauirements. (a) Commercial General Liabilitv/Umbrella Insurance. The Manager shall obtain, at its sole cost Commercial General Liability coverage "occurrence" form CG 00 01 or its exact equivalent, with minimum limits of $1,000,000 per occurrence and $2,000,000 in the general aggregate. Insurance is to be placed with insurers with a current A.M. Best and Company rating level of A- or better, Class VIII or better, licensed to do business in Califomia, and satisfactory to the SARDA. Manager agrees to endorse third party general liability coverage required herein to include as additional insureds the Successor Agency to the Palm Desert Redevelopment Agency, City of Palm Desert, and their respective officials, officers, employees, volunteers, and agents (collectively "Additional Insureds"). The acceptable additional insured endorsement that must be submitted to the SARDA is CG 20 1410 or its exact equivalent, specifying the Additional Insureds as additional insureds. Coverage shall apply on a non-contributing basis in relation to any other insurance or self-insurance, primary or excess, available to the Additional Insureds. Coverage shall not be limited to the vicarious liability or G:\HOUSINGIRENTAL Mobs VOW Apts\Management A{ra.mentlADOBE VILLAS APTS -RPM Manapm.nt Agrument Effecfw ll •1-12.doc P.p 14 of 36 Contract No. SA32360 supervisory role of any of the Additional Insureds. Insurance shall be issued as policy specific to this agreement. Excess or Umbrella Liability Insurance (Over the Primary) if used to meet limit requirements, shall provide coverage at least as broad as specified for the underlying coverages. Any such coverage provided under an umbrella liability policy, shall include a drop down provision providing primary coverage above a maximum $25,000 self -insured retention for liability not covered by primary, but covered by the umbrella. Coverage shall be provided on a "pay on behalf' basis, with defense costs payable in addition to policy limits. There shall be no cross liability exclusion precluding coverage for claims or suits by one insured against another; policies shall also have concurrent starting and ending dates. Coverage shall be applicable to SARDA or City of Palm Desert for injury to employees of The Manager, subcontractors, or other involved in the scope of this agreement. The scope of coverage provided is subject to approval by the Risk Manager following receipt of proof insurance as required herein. (b) Worker's Compensation/Employers' Liability Insurance. The Manager shall procure and maintain Workers' Compensation insurance complying with California worker's compensation laws, including statutory limits for workers' compensation and an Employer's liability limit of $1,000,000 per accident or disease. . Unless otherwise agreed, this policy shall be endorsed to waive any right of subrogation as respects SARDA, the City of Palm Desert, and their respective officials, officers, employees, volunteers, and agents. (c) Evidence of Insurance. The Manager shall provide evidence of the insurance required herein, satisfactory to the SARDA, consisting of certificate(s) of insurance evidencing all of the coverages required and an additional insured endorsement to the Manager's general liability and umbrella liability policies (if any) using ISO form CG 20 10. In addition, the Manager agrees to provide complete copies of all polices of Insurance to the SARDA annually or upon request. The Certificate(s) shall reflect that the insurer will provide immediate notice of any cancellation or modification of coverage to the SARDA, per the terms of the policy. The Manager agrees to require its insurer to modify the certificates to delete any exculpatory wording stating that failure of the insurer to mail written notice of cancellation imposes no obligation, and to delete the word "endeavor" with regard to any notice provisions. All insurance coverage and limits provided pursuant to this Agreement shall apply to the full extent of the policies involved, available or applicable. Nothing contained in this Agreement or any other agreement relating to the SARDA or its operations shall limit the application of such insurance coverage. The endorsements are to be signed by a person authorized by that insurer to bind coverage on its behalf and are to be provided on standard ISO forms noted above. All endorsements are to be received and approved by the Risk Manager prior to the commencement of work. (d) No Limitation on other Insurance. Requirements of specific coverage features or limits contained in this Section 25 are not intended as a limitation on coverage, limits or other requirements, or a waiver of any coverage normally provided by any insurance. Specific reference to a given coverage feature is for G:\HOUSING\ RENTAL\ Adobe Villas Apts\Management Agreement\ADOBE VILLASAPTS - RPM Management Agreement Effective 11-1-12.doe Page 1S of 36 Contract No. SA32360 purposes of clarification only and is not intended by any Party to be all inclusive, or to the exclusion of other coverage, or a waiver of any type. (e) Subroaation. All general or auto liability insurance coverage provided pursuant to this Agreement, or any other agreements pertaining to the performance of this Agreement, shall not prohibit the Manager, its employees, or agents, from waiving the right of subrogation prior to a loss. The Manager hereby waives all rights of subrogation against the SARDA and the City of Palm Desert. (f) SARDA's Riaht to Purchase Replacement Insurance. In the event any policy of insurance required under this Agreement does not comply with these requirements or is canceled and not replaced, the SARDA has the right but not the duty to obtain the insurance it deems necessary and any premium paid by the SARDA will be promptly reimbursed by the Manager. (g) Proof of Insurance. The Manager shall provide proof that policies of insurance required herein expiring during the term of this Agreement have been renewed or replaced with other policies providing at least the same coverage. Such proof will be fumished not more than 72 hours after the expiration of the coverage(s). Any actual or alleged failure on the part of the SARDA or any other of the Additional Insureds under these requirements to request or obtain proof of insurance required under this Agreement in no way waives any right or remedy of the SARDA or any other of the Additional Insureds, in this or any other regard. (h) Subcontractor Proof of Insurance. (i) Subcontractors Performina Recurrina Work or Work in Excess of $2500. The Manager shall require all subcontractors or other parties which provide (i) recurring services to the Properties, or (ii) services in excess of $2,500 in a six month Period (a "Major Subcontractor") to the Properties to provide the same minimum insurance coverage required of the Manager. Manager agrees to monitor and review all such coverage and assumes all responsibility for ensuring that such coverage is provided in conformity with the requirements of this section. The Manager agrees that upon request, all agreements with Major Subcontractor, or others with whom Manager contracts with on behalf of the SARDA, will be submitted to the SARDA for review. . For purposes of this Section a contractor or party hired for the work shall be deemed to be performing "recurring work" in the event that contractor or party hired performs in excess of a single segregated or discrete project in any six-month period. The Manager agrees to obtain certificates evidencing such coverage and to make reasonable efforts to ensure that such coverage is provided as required herein. Failure of the SARDA to request copies of such agreements will not impose any liability on the SARDA. The Manager agrees to require that no contract used by any Major Subcontractor, or contracts the Manager enters into on behalf of the SARDA, will reserve the right to charge back to the SARDA the cost of insurance required by this Agreement. G:HOUSING\RENTAL \Adobe Vass Apts\Management Agreernent1/4lDOBE VILtAS APTS - RPM Management Agreement Effective 11-1-124oc Pap 16 of 36 Contract No. SA32360 (ii) Subcontractors Performing Nonrecurrino Work or Work Less. Than or Eaual to $2500. The Manager shall require all subcontractors or other parties which provide (i) nonrecurring services to the Properties, and (ii) services in an amount not to exceed $2,500 in a six-month Period (a "Nonrecurring Subcontractor") to provide Commercial General Liability insurance in the amounts set forth below and Workers Compensation insurance to conform with the requirements of this section. For purposes of Section 25, a contractor or party hired for the work shall be deemed to be providing "nonrecurring work," so long as that contractor or party hired for the work does not perform more than a single segregated or discrete project in a six-month period. In the event a Nonrecurring Subcontractor performs more than a single discrete project in a six-month period or work exceeding $2,500 in value, that Nonrecurring Subcontractor shall lose its status as a "Nonrecurring Subcontractor" and shall be automatically deemed a "Major Subcontractor". The liability limits for Nonrecurring Subcontractors or other parties shall provide no less than $500,000 per occurrence for all coverages and $500,000 in the general aggregate. The Manager agrees to verify such coverage and make reasonable efforts to ensure that such coverage is provided as required herein. The Manager agrees to require that no contract used by any Nonrecurring Subcontractor, or contracts the Manager enters into on behalf of the SARDA, will reserve the right to charge back to the SARDA the cost of insurance required by this Agreement. The Manager agrees that upon request, all agreements with Nonrecurring Subcontractors, or others with whom Manager contracts with on behalf of the SARDA, will be submitted to the SARDA for review. Failure of the SARDA to request copies of such agreements will not impose any liability on the SARDA nor constitute a waiver of the rights of the SARDA hereunder. 26. Compliance With Govemmental Orders. The Manager will take such action as may be necessary to comply promptly with any and all governmental orders or other requirements affecting the Property, whether imposed by federal, state, county or municipal authority. Notwithstanding the forgoing, the Manager shall take no such action so long as the SARDA is contesting, or has affirmed its intention to contest, any such order or requirement. The Manager will notify the SARDA in writing of all notices of such orders or other requirements as soon as possible from the time of their receipt. 27. Manaaer's Compensation. The Manager will be compensated for its services under this Agreement by monthly fees. Such fees will be payable on the first day of each month, in arrears, for the services provided in the prior month for the term of this Agreement. (a) Each such monthly fee will be in the amount of $450.00 per month ("the Management Fee"). Exceptions to the payment of the management fee are if any of the following conditions apply: (i) If the vacancy rate for the property exceeds ten (10) percent for 60 consecutive calendar days the monthly Management. Fee will be reduced by $35 per vacant unit that causes the ten (10) percent vacancy rate to exceed 60 calendar days, until such units are leased, except in those circumstances where the vacancy is G:\HOUSING\RENTAIAAdobeVIIIUApis\MinapmmtAinament\ADOBEVIWISAPTS-RPM ManarymantAyamsMEfhetWa11-1-12.doc Pap 17of36 Contract No. SA32360 the result of the SARDA's leasing policies, the SARDA's determination of a unit to be 'unrentable' or 'down', or, the SARDA's written determination for a 'change of use' of the Property. (ii) For Units that are unrentable or down due to action or inaction by the Manager. During the term of this Agreement there will be no increase in the montly Management Fee. (b) Except as otherwise expressly provided in this Agreement, all employees not identified in Exhibit F and other overhead expenses of the Manager (including but not limited to, costs of office supplies and equipment, postage, transportation, travel expenses for managerial personnel and telephone services) will be borne by the Manager. All services for management, accounting, and reporting, with exception of the SARDA's requested annual audit, shall be bome by the Manager. (c) In addition to the Management Fee, (i) the site employees for the Property shall be paid the Employee Salaries listed on Exhibit F attached hereto and incorporated herein by this reference. (ii) The Manager will be paid a ten (10) percent overhead fee for any capital improvement work in excess of $10,000 per occurrence, which the SARDA requests the Manager to oversee. 28. Termination. (a) Termination For Cause: Either party may terminate this Agreement with cause by giving written notice to the other party not less than 90 days prior to the date of termination. Any such written notice for cause shall specify the default. If the default specified has not been cured within 21 days of receipt of the notice, this Agreement shall terminate on the date of termination set forth in the notice. Upon termination, Manager shall be compensated only for those services that have been satisfactorily rendered to SARDA, and SARDA shall be entitled to no further compensation. (b) Termination at End of Term/Extension: At least ninety (90) days prior to the automatic termination of this Agreement (the "Negotiation Period"), and unless either party has given timely notice under Sections 28-(a) above prior thereto, the parties shall initiate negotiations for a new agreement for Property Management Services and use best efforts and engage in good faith negotiations to finalize such agreement and obtain final approval thereof prior to the automatic termination of this Agreement. In the event such good faith efforts are not completed before the expiration of the Term, or in the event either party gives notice to the other during the Negotiation Period of its decision not to enter into a further term, this Agreement may be extended G. HOUSING\RENTALWebe Villas Apts\Management Agreement\ADOBE VILLAS APTS - RPM Management Agreement Effective 11.1-12doc Pane f8 of 3S Contract No. SA32360 for not more than ninety (90) days after the giving of such notice, upon the written authorization of the Executive Director of the SARDA. Good faith negotiations may include an extension of this Agreement up to an additional 24 months provided there are no changes in the terms or Manager Compensation detailed herein (c) No Everareen Clause: Nothing in this Agreement or otherwise creates any "Evergreen clause" nor creates any rights by any party to an extension of this Agreement, or any provision thereof, for any period, or at all, except as expressly stated herein. (d) Bankruptcy. In the event that a petition in bankruptcy is filed by either of the Parties, or in the event that either makes an assignment for the benefit of creditors to take advantage of any insolvency act, this Agreement shall automatically terminate. (e) Sale Of Property or Chanae of Use. This Agreement shall automatically terminate, upon the sale of the Property. In the event the SARDA determines that it desires to change the use of the Property, in its sole and absolute discretion, and such change of use results in the discontinuation of property management services, the SARDA will provide written notice to the Manager of not less than ninety (90) days in advance of the intended change of use. (f) Exchanae of Documents. Upon termination, the Manager will submit to the SARDA any financial statements requested by the SARDA and, after the Parties have accounted to each other with respect to all matters outstanding as of the date of termination, the SARDA will furnish the Manager security in form and principal amount satisfactory to the Manager against any obligations or liabilities which the Manager may properly have incurred on behalf of the SARDA hereunder. All of the cash trust accounts, which include the Security Deposit Account and the General Operating Account, investments, equipment and records for the Property will be turned over to the SARDA within 30 days of the date this Agreement is terminated. The Parties hereby covenant and agree that the SARDA shall own the books and records for the Property and that the Manager shall hold the books and records for the Property for the benefit of the SARDA. 29. Manaaer's Indemnification. Subject to the Manager's indemnification obligations hereunder as set forth in Section 24, the Parties understand and agree: (a) That the SARDA has assumed and will maintain its responsibility and obligation through the term of this Agreement for the finances and the financial marketability of the Property; and (b) That the Manager shall have no obligation, responsibility or liability to fund authorized costs, expenses, or accounts other than those funds generated by the Property themselves or provided to the Property or to the Manager by the SARDA. In accordance with the foregoing, the SARDA agrees that the Manager shall have the G:\HOUSING\RENTAL\Adobe Vim APts\Mansgement Agmsment\ADOBE VILLAS APTS -RPM Msnagemsnt Apssment MOM) 11-1-12.doc Page 19 of 36 Contract No. SA32360 right at all times to withdraw payment of its compensation, as provided for under Section 27 of this Agreement, from the General Operating account or accounts, immediately when such compensation is due and without regard to other property obligations or expenses conditioned on the Manager having satisfactorily discharged all duties and responsibilities under this Agreement. Moreover, the SARDA hereby indemnifies the Manager and agrees to hold it harmless with respect to costs, expenses, accounts, liabilities and obligations of the Property during the Term of this Agreement and further agrees to guarantee to the Manager the payment of its compensation under Section 27 of this Agreement during the term of this Agreement to the extent that the Operating and Maintenance Account for the Property are insufficiently funded for this purpose. Failure of the SARDA at any time to abide by and to fulfill the foregoing shall be a breach of this Agreement entitling the Manager to obtain from the SARDA, upon demand, full payment of all compensation owed to the Manager through the date of such breach. 30. Prohibition Against Assignment and Subcontracting Management Services. Manager shall not assign this Agreement or subcontract any management or other services, without the express prior written consent of the SARDA. 31. Notices. Except as otherwise provided by law, any and all notices or other communications required or permitted by this Agreement or by law to be served on or given to either Party to this Agreement to the other Party shall be given in writing. All such notices or other communications shall be deemed duly served and given when personally delivered to the Party to whom they are so directed, or in lieu of personal service when deposited in the United States mail, first-class postage prepaid, addressed to the respective Party as set forth below: To the SARDA: The Successor Agency to the Paim Desert Redevelopment 73-510 Fred Waring Drive Paim Desert, California 92260-2578 Attention: Janet Moore With a copy to: Richards, Watson & Gershon 355 South Grand Avenue, 40th Floor Los Angeles, Califomia 90071-3101 Attention: William L. Strausz To the Manager: RPM Company Apartment Management Services 1420 S. Mills, Suite M Lodi, California 95242 Attention: Mr. Donnie Garibaldi G:\NOUSING\RENTAL\Adobe Mac Aptc\Management Agreement \ADOBE VILLAS APTS - RPM Management Agreement Effective 11.142.doc Page 20 of 36 Contract No. SA32360 Either Party may change its address for the purpose of this Section 31 by giving written notice of the change to the other Party in the manner provided in this Section. 32. General Provisions. (a) Bindina on Successors and Assians. At all times, this Agreement will enure to the benefit of and constitute a binding obligation upon the Parties and their respective successors and assigns. (b) Entire Aareement and Allowable Chanaes. This Agreement constitutes the entire Agreement between the SARDA and the Manager with respect to the management and operation of the Property, and all prior agreements between the SARDA and the Manager regarding the subject matter of this Agreement are hereby superseded and replaced. Changes hereto in the case of contract sections, must be made by supplemental written agreement signed by the Parties. Exhibits hereto may be amended as necessary by the written agreement of the Parties. (c) Attorneys' Fees. If any litigation is commenced between the Parties concerning the Property, this Agreement, or the rights and duties of either Party with respect to this Agreement, the Party prevailing in the litigation shall be entitled, in addition to any other relief that may be granted in the litigation, to a reasonable sum as and for its attorneys' fees and costs in the litigation that shall be determined by the court or in a separate action brought for that purpose. (d) Ambiauities. Each Party and their counsel have participated fully in the drafting of this Agreement. Any rule of construction to the effect that ambiguities are to be resolved against the drafting Party shall not apply in interpreting this Agreement. (e) Severabilitv of Aareement. If a court or an arbitrator of competent jurisdiction holds any provision of this Agreement to be illegal, unenforceable or invalid in whole or in part for any reason, the validity and enforceability of the remaining provisions, or portions of them will not be affected. (f) Approval by SARDA. Whenever a provision of this Agreement requires the delivery of documents or reports, notifications, determinations, reimbursements or requests for funding, review, authorization or approval of the SARDA, such approval may be given by the Executive Director of the SARDA or his/her designee. (g) Word Usaae. Unless the context clearly requires otherwise, (a) the plural and singular numbers shall each be deemed to include the other; (b) the masculine, feminine, and neuter genders shall each be deemed to include the others;(c) "shall," "will," or "agrees" are mandatory, and "may" is permissive; (d) "or" is not exclusive; and (e) "includes" and "including" are not limiting. G:\HOUSING\RENTAL\ Adobe Villas AptAVNamgementAgreement \ ADOBE VLLIASAPTS-RPM Mem ementA`reementEffective11-1-12.doc Page 22of36 Contract No. SA32360 IN WITNESS THEREOF, the Parties have executed this Agreement on the date first above written. Manager: RAY, DOUGLAS, ANN & PATRICK, INC., a California corporation, dba RPM Company Apartment Management Services By: Tit t : Piewpir By: Title: SARDA: Successor Agency to the PALM DESERT REDEVELOPMENT AGENCY, a public body, corporate and politic itle: Executive Director At EST: Racelle D. Klassen, Secretary G;\HOUSINGARENTALUdobe Vitas Apts\Management Agraement\AOOBE VILLAS APT - RPM Management Agreement Effeeth. 11-1-12.doc Page 22 of 36 CALIFORNIA JURAT WITH AFFIANT STATEMENT LA See Attached Document (Notary to cross out lines 1-6 below) I :l See Statement Below (Lines 1--6 to be completed only by document signerfsj, not Notary) 4 i; "..—Signature of Document Signer No. 1 Signature of Document Signer No. 2 (If any) State of California Subscribed and sworn to (or affirmed) before me County of'tt(i-3O ,C1t."tl�l on this 55day of r- , 20 t2. , Name of Signer 31 proved to me on the basis of satisfactory evidence ;ZZ to be the person who appeared before me (.) (,) by Date Month Year (1) nie. (7). (and DIANE D. WOODS i (2) qq Commission # 1903310 Name of Signer Notary Public - California proved to me on the basis of satisfactory evidence f San Joaquin County tto be thrson who ppe.:d befo me.) My Comm. Expires Oct 5, 2014 I Place Notary Seal Above Signature OPTIONAL Though the information below is not required by law, it may prove valu- able to persons relying on the document and could prevent fraudulent removal and reattachment of this form to another document. ()nature of Pudic RICH 1 7HtIG11-3i'Rlydi OF S GNER..-r� Top of thumb here Further Description of Any Attached Document pI ��d {� Title or Type of Document: i y " I�-` r�'�CJ� l O+ J f' :� l' Document Date: tkue-Aber Z, Number of Pages: Signer(s) Other Than Named Above: RIGHT THUI.i(IPR:P1T Of SIGNFR Top of thumb here �i.Sal+�4Lwi'�A'r + iraeeo -ews,KrSA: iS:�ir i�.�tT iWwi�zVN�S'awYiw�:eaYM'rsii�4saar K: Ii Y` s*�r:Walk'.�yFawo�o+SYct sdEir ki9hi7�C:-1 0 2009 National Notary Association • NatlonalNotary.org • 1-800-US NOTARY (1-800-878.6827) Item 85910 CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT 2iC`• OtTAWCRed , . `A.. A. w... ,...k:1°.,0^f ,00 .:'(f�tRell'd:'Y`.i'!!4eXtette4Ort. a at•XtOrarCt2Y(tl':�?I.'" irS.' " State of California County of Riverside 0n November 7, 2012 before me, Dale personally appeared } M. G. Sanchez, Notary Public Nets Insert Name and Tile of the Officer John M. Wohlmuth M. G. SANS CHEI it Commission 0 1906339 Notary Public - California Riverside County M Mr Comm. Expires Oct 29, 2014 Place Notary Seal Above Name(s) al Slgnar)s) who proved to me on the basis of satisfactory evidence to be the person(s) whose name() is/ars subscribed to the within instrument and acknowledged to me that he/alstedley executed the same in his/ ak authorized capacity(ies), and that by his/herftt+ftek signature(*) on the instrument the person(), or the entity upon behalf of which the person() acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand an Signature: OPTIONAL Though the Information below is not required by law, it may prove valuable to rsons reiyinjon the doyviment and could prevent fraudulent rerr yval and reattachment is fo another ddcumao Description of Attached ppcument r',r"�, rh( l.)1`i»1 cS},'CS ,}ct i/,//cr% 7Ff frv.7irif. Title or Type of Document: (?) 767.2C4- o .t.3# 1f 0 - f' / /}) Number of Pages: ir✓ial seal. Document Date: Milt& )bf 1, ,9-0/ L Signer(s) Other Than Named Above: Capacity(les) Claimed by Signers) Signer's Name: O Corporate Officer — Title(s): O Individual O Partner — 0 Limited 0 General O Attomey in Fac O Trustee O Guardian or Conservator ❑ Other: Signer Is Representing: e of Notary Signer's Name: C] Corporate Officer — Title(s): dividual n Pa -- I.] Limited 0 General Top o( thumb her O Attomey in ct O Trustee O Guardian or Conservaf O Other: Signer Is Representing: O 2000 National Notary Asaoclaion • Naion01Notary.org • 1-800-US NOTARY (1-000-676-6827) Item 05907 Contract No. SA32360 EXHIBIT A (PROPERTY) SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY PROJECT DESCRIPTION A twelve (12) unit multi -family apartment complex commonly known as Adobe Villas Apartments: 45-330 Ocotillo Drive, Palm Desert, CA 92260. Legally described as follows: Lot 1 in Block "l" of Palm Desert, as shown by map on file in Book 21, Pages 50, 51, 52, 53 and 54 of maps, records of Riverside County. APN: 627-232-005 G\HOUSMN6\RENTALVWobe Villas Apts\Menegement Agreement \ ADOBE VILLAS APIS - RPM Management Agreement Effective 11-1-12.doc Pap 23 of 36 Contract No. SA32360 EXHIBIT B [intentionally omitted] GAHOVSING\RENTALVAdobe Villas Apt, 1MsnspmsntAfnsmsnt\ADOBE VILLAS ACTS -RPM Mansysmsm Aimemsnt Effscths 11-1-12.doe Pots 24 of 36 EXHIBIT C MANAGEMENT OFFICES Location of Manaaement Offices One Quail Place (located in management office) Las Serenas (located in management office) Catalina Gardens (located in management office) Desert Pointe (located in management office) California Villas (located in management office) Laguna Palms (located in management office) Contract No. SA32360 Locations Managed One Quail Place Las Serenas and La Rocca Villas Catalina Gardens, The Pueblos, Sagecrest Senior and Candlewood Apartments Desert Pointe, Neighbors and Taos Palms, California Villas Laguna Palms and Palm Village Apartments G\HOUSING\RENTAL\Adobe Villas Apts\Management Agreement I,ADOBE VILLAS APTS - RPM Management Agreement Effective 11-1-12.doc Pap 25 of 36 Contract No. SA32360 EXHIBIT D (intentionally omitted) GAHOUSINGiRENTAL \Adobe Vlfes Apts\Management Agreement\ADOBE VILLAS APIS • RPM Management Agreement Effective 11-1-12.doc Pap 26 of 36 AFFIDAVIT State of Califomia County of Riverside EXHIBIT E NON -COLLUSIVE AFFIDAVIT FORM )ss. Contract No. SA32360 , being first duly sworn, deposes and says: That he is , the party making the foregoing proposal or bid, that such proposal or bid is genuine and not collusive or sham; that said bidder has not colluded, conspired, connived or agreed, directly or indirectly, sought by agreement or collusion, or communication or conference, with any person, to fix the bid price or affiant, or of any other bidder or to fix any overhead profit or cost element of said bid price, or that of any other bidder or to secure any advantage against the or any person interested in the proposed contract, and that all statements in said proposal or bid are true. Signature of Person Making Affidavit: Subscribed and swom to me this day of , 20 My commission expires , 20 Notary Public Signature: Official Seal: G:\HOUSING\f1ENTAL\Adobe Villas Apts\Management Agreement,A003E VILLAS APTS - RPM Management Agreement Effective 11-1-12doc Pape 27 of 36 Contract No. SA32360 EXHIBIT F PROPERTY STAFFING & SALARY RANGES To be provided annually with the property budgets. G:\HOUSING\BE1TAI\Adebr Villas Aptr\Managament Agreemem\ADOBE VIU AS APTS - RPM Management Agreement Effective 1.1-12.doc Page 213 of 36 Contract No. SA32360 EXHIBIT G PERFORMANCE CRITERIA 1. PROPERTY PORTFOLIO NET OPERATING INCOME COMPARISON Current Budget Year: July - June Budgeted vs. Actual = Variance Vacancy Rate Analysis 2. RESPONSE TO RESIDENT COMPLAINTS Response to service requests/turnaround time Response to resident complaints and concems - monthly meetings Response to resident complaints and concerns at site office 3. COMPLIANCE WITH AGREEMENT Define any notable gross disparities from the Agreement on the following: Report preparation and submittal promptness Responsiveness to SARDA requests Method of accounting 4. CAPITAL IMPROVEMENTS SCHEDULE Deferred Capital Improvement Schedule Capital Improvement Program Maintenance and general appearance of Property 5. OPERATIONS Operational procedures to be audited Compliance with all laws including those related to property management, Fair Housing and housing authorities Internal controls Contract controls G-\HOUSING\RENTAL \ Adobe Villas Apts\Management Agreement\ADOBE VILLAS APTS• RPM Management Agreement Effective 11-1-12.doc Pap 29 of 36 Contract No. SA32360 6. ACCOUNTING AUDIT Review of Annual Audit Findings Quarterly Audits 7. RESIDENT RELATIONS Review summary response of any Resident Surveys Establishment of Tenant Exit Survey 8. GENERAL General overview of previous operational year G:\HOUSING\RENTAL\Adobe Villas Apts\Management Agreement\ADOBE VIUAS APTS - RPM Mangrmrnt Agmment ERretNe U-1-12.doe Page 30 of 36 Contract No. SA32360 EXHIBIT H LIST OF FINANCIAL REPORTS REQUIRED Monthly Reports 1. Payroll register and invoices (may be submitted after every payroll or monthly 2. Management Fee Report that includes Vacancies/Current Rental Activity submitted with invoice 3. Disbursement/Expense Journals for each check run 4. General Ledgers 5. Check Registers 6. Monthly Bank Reconciliations with Outstanding Check Registers 7. Balance Sheets and/or Trial Balances 8. Rent Rolls 9. Delinquent A/R 10. Prepaid Listing 11. Income Statements with Monthly Budget Variance as well as Annual Variance 12. Monthly Adjusting Journals 13. Cash Receipts Journals Quarterly Reports 1. Security Deposit List Of not included in the monthly rent roll) 2. Status Report on Items over 90 days (Requests to the Board for write offs, etc.) GA$OUSINGUENTAL\Adobe VNIu Aptt\Managnnant Agreement \ADORE VILLAS APTS - RPM ManapmantAtntement Effective 11-1-12.cloc Page 31 of 36 Contract No. SA32360 ANNUAL REPORTS REQUIRED At Fiscal Year End: 1. Schedule of Accounts Payable 2. Schedule of Accounts Receivable 3. Preliminary sets of Monthly closing reports, when requested 4. Once audited, Final Set of all June Closing Reports 5. Schedule of Security Deposits Matching the Cash Held 6. The Report described in Section 21 At Calendar Year End: 1. Copies of the transmittals for Federal Reporting Requirements for W-Zs and 1099's G:\HOUSING\RENTAL\IWoba Van Apts\Maropnwire Agraamant1ADOBE VILLAS PATS -RPM Manapment Averment Efratk.e 11-1-12.doe Page 32 at 36 e EXHIBIT I Contract No. SA32360 1. Replacement Lists maintained continuously due at least once annually on June 30: 2. Resident Demographics Report 3. Service Request and Serious Complaints G:\HOUSING\RENTALVtdobe VNhs AptsV .negement Agreement\ADOBE VILLAS APTS - RPM Management Agreement EffectN, 11-1-12.doc Page 33 of 36 Contract No. SA32360 EXHIBIT J On -going services requiring written cost estimates include any required in Section 21 of the Management Agreement as well as: 1. Landscape Contracts a. Monthly Services b. Annual Services including tree trimming, overseeding, and perennial flowers 2. Pest Control 3. Pool Services 4. Replacement Carpet and Vinyl 5. Laundry Services 6. Air Conditioning/Heating Unit Replacements 7. Carpet Cleaning A vendor list may be created and approved by the SARDA Board pursuant to Section 3.32.110 of the Municipal Code and may satisfy the above requirements. Note: Due to the availability of vendors when services are required, more than one vendor may be authorized by SARDA for said services. G:\ 4OUSING\RENTAIAAdobe V61as APts\Management Agreement tADOBE VILLAS APTS . RPM Management Agreement Effective 11-1-12.doc Pap 34 of 36 Contract No. SA32360 EXHIBIT K Summary of Information to be Obtained in Background Checks SOURCE OF INFORMATION FEDERAL FUNDS INVOLVED FEDERAL FUNDS NOT INVOLVED INFO INVESTIGATION DISCLOSURE & INVESTIGATION DISCLOSURE & CONSENT CONSENT Law illegal Drug Use Required Housing Auth. May obtain Must notify enforcement must require & applicant, if agencies applicant must basis for denial consent Drug Use that Interferes with Health & Required Housing Auth. May obtain Must notify Safety of Others must require & applicant, if applicant must basis for denial consent Sex Offenses Required Housing Auth. May obtain Must notify must require & applicant, if applicant must basis for denial consent "Serious" crimes May obtain Must notify May obtain Must notify • murder, mayhem, rape, applicant, if applicant, if burglary basis for basis for denial • hate crimes denial • offenses re firearms / explosives • felonies involving drugs, alcohol • domestic violence Juvenile Records Prohibited N/A Prohibited N/A Arrests Not Resulting in Conviction Prohibited N/A Prohibited N/A State / Federal Social Security Numbers Required Housing Auth. May Obtain Application Govemment must require & must indicate applicant must disclosure is consent voluntary Citizenship / Residency Info Required Housing Auth. Prohibited N/A. But, if must require & Housing Auth. applicant must has unsolicited consent evidence that applicant Is undocumented, it must rafect the application Income / family composition & tax info, to Required Housing Auth. Required Housing Auth. verify eligibility must require & must require & applicant must applicant must consent consent Credit Investigative Consumer Report May Obtain Housing May Obtain Housing Agencies • Credit History Authority must Authority must • Character notify applicant notify applicant • Reputation • Personal characteristics • Mode of living • Convictions May Obtain, Housing May Obtain, Housing • Civil Actions but only if Authority must but only if Authority must • Tax Liens credit SARDA notify applicant credit SARDA notify applicant • Outstanding Judgments has verified has verified info within 30d info within 30d of disclosure of disclosure G MOUSING1RENTALUdebe VRlas Apts.\Manag•ment Agreement 1,ADORE VILLAS APR - RPM Management Agreement Effective 1i•1-12.doc Page 35of 36 SOURCE OF INFO Public Records Obtained From Other Sources; Interviews with Neighbors, Friends & Associates INFORMATION • Bankruptcies more than 1t)y prior • Civf judgments more than 7y old Relevant background information • Creditworthiness • Credit standing • Credit capacity • Civil actions • Convictions • Tax Liens • Outstanding Judgments • Character • General Reputation • Personal characteristics • Mode of Living FEDERAL FUNDS INVOLVED INVESTIGATION DISCLOSURE & ' CONSENT Prohibited N/A May Obtain Must notify applicant, if basis for denial. Consent recommended. Contract No. SA32360 FEDERAL FUNDS NOT INVOLVED INVESTIGATION DISCLOSURE & CONSENT Prohibited NIA May Obtain Must notify applicant, if basis for denial. Consent recommended. In addition to credit reporting agencies, background check information may be obtained from Westlaw, Lexis, DataQuick, Merlin, Choice Point, and similar reputable resources. SAMPLE CONSENT BY APPLICANT "I understand that the SARDA or its agent will perform a background check as a part of determining eligibility, including but not limited to obtaining information concerning my employment, credit history, benefits, income, assets, and criminal history, and by my signature below, I hereby authorize the.SARDA or its agent to do so." "I certify that the statements on this application are true and complete to the best of my knowledge and belief and I understand that they will be verified. I understand that any false statements made on this application or failure to make any required disclosures may cause me to be disqualified from initial or continuing eligibility for housing assistance and may result in eviction. I further understand that I am under a continuing obligation to inform the SARDA or its agent of any changes to any of the information provided in this Application, and that failure to promptly inform the SARDA or its Agent of any changes may cause me to be disqualified from initial or continuing eligibility for housing assistance and may result in eviction." G:V{OUSINGOENTALVWobe VRHs AptsVMMna`ement ARrsementtADOBE VIUAS MI5 -RPM Manapem•m Agroement Effective 11-1-12.doo Pogo 36 of 36