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HomeMy WebLinkAboutHousing Agreement WNRA PD 103, LLC Related to GPA 05-02 CZ 05-02 PP 05-12 and TT 33837 03-22-2007CITY OF PALM DESERT STAFF REPORT REQUEST: APPROVE A HOUSING AGREEMENT BY AND BETWEEN THE CITY OF PALM DESERT AND WNRA PALM DESERT 103, LLC SUBMITTED BY: JANET MOORE, HOUSING AUTHORITY ADMINISTRATOR DATE: MARCH 22, 2007 CONTENTS: HOUSING AGREEMENT LOCATOR MAP — TRACT MAP 33837-1 Recommendation: By Minute Motion that the City Council: 1. Approve a Housing Agreement in accordance with the conditions of approval of the Emerald Brook, LLC project by Resolution No. 05-105 (Ordinance) by and between the City of Palm Desert and WNRA Palm Desert 103, LLC, substantially as to form; 2. Authorize City Manager or his designee to execute all necessary documents to facilitate the agreement. Executive Summary: WNRA Palm Desert will be the developer of the apartments in the previously approved Taylor Woodrow Development (formally known as Emerald Desert Resort aka Emerald Brook, LLC). Resolution 05-105 approving the project required that the developer enter into an affordable housing agreement with the City. The recommended agreement will satisfy such requirement. The agreement required that 20% of the 103 rental units be restricted to moderate -income households. Discussion: As part of Resolution No. 05-105, Case Nos. GPA 05-02, C/Z 05-02, PP 05-12 and TT33837, approved December 8, 2005, the developer is required to enter into a Housing Agreement in order to effectuate the condition of approval for an affordable housing requirement. The agreement was submitted to the developer in June 2006 for review. The developer indicated that they were in negotiations with an apartment builder and would be reviewing the agreement with the potential purchaser. The apartment portion of the project is now owned by WNRA Palm Desert G:\RDAWESSICA GONZALES\HOUSING AGREEMENTS\DEVELOPERS\EMERALD BROOK, LLC\STAFFRPRT-APPROVAL REQUEST - REVISION 1 FEB 26 07.0OC 1/29/07 Staff Report WNRA PALM DESERT 103, LLC - Approval of a Housing Agreement Page 2 March 22, 2007 103, LLC, and as the new owner of the apartment site, is required to comply with the original condition of approval set forth in Resolution 05-105, by entering into a housing agreement with the City. WNRA Palm Desert 103, LLC understands that the conditions set forth in the approval of Resolution 05-105 run with the land, and as the new owner of the apartment site is subject to said provisions. The apartment site will include 103 total rental units. Twenty-one (21) of the rental units will be made available to households of moderate income and will be comprised of 12 one -bedroom units and 9 two -bedroom units. The apartment site does not have a condominium conversion option. As such, the units must remain affordable for 55 years or the useful life of the project, and will transfer to any successors -in -interest in the real property. In keeping with the Redevelopment Agency's continuing and long-range goals to review the city's affordable housing needs, the Agency will also have the option to buy down the units to low income during the term of the Agreement. The apartment project is being developed in proximity of high -density residential neighborhoods and has convenient access to public transportation, schools, parks, and commercial services. In addition, a number of amenities are being provided within the project for the residents of the entire development. Staff, therefore, recommends approval of the Housing Agreement in accordance with the requirement of the affordable housing condition of approval of TT33837. Submitted by: M. Moore sing Authority Administrator jmg Approval: 5/(1,12-41-A-CY Department Head: `—have Y it goy Director of l development/Housing cCarthy, ACM/Red- - ipment Carlos L. Ortega, City Manager CITY COUNCIL �iCTION: APPROVED �/ DENIED RECEIVED OTHER MEETING DATE 3 • v1a2.O 7 AYESra(, 1, irieffvi skid air/ -Heath NOES: ABSENT: ABSTAIN: G:\RDA\JESSICA GONZALES\HOUSING AGREEMENTS \DEVELOFVER AIRLIMOn,vat:MTAFF P Original on File wi JEST - REVISION 1 FEB 26 07.DOC City Clerk's 1frat7fice RECORDING REQUESTED BY: WHEN RECORDED RETURN TO: City of Palm Desert 73-510 Fred Waring Drive Palm Desert, CA 92260-2578 Attn: Janet Moore, Housing Administrator [Space Above For Recorder's Use Only] The undersigned declares that this Housing Agreement is exempt from Recording Fees pursuant to California Govemment Code Section 27383. HOUSING AGREEMENT By and Between THE CITY OF PALM DESERT and WNRA PALM DESERT 103 LLC DATED AS OF , 2007 G:VdaUessica Gonzales\NOUSING AGREEMENTS\DEVELOPERS\EMERALD BROOK,LLCWffordable Housing Agreement 031307.DOC 2369/023285-0024 782779.02 a3/l3/2(H)7 TABLE OF CONTENTS Page ARTICLE 1. DEFINITIONS AND INTERPRETATION .................................................2 1.1 Definitions............................................................................................................2 1.2 Rules of Construction ..........................................................................................2 ARTICLE 2. ONGOING PROJECT OBLIGATIONS ....................................................3 2.1 [RESERVED].......................................................................................................3 2.2 Binding for Term ..................................................................................................3 2.3 [RESERVED].......................................................................................................3 2.4 Residential Rental Property.................................................................................3 2.5 Moderate Income Tenants...................................................................................3 2.6 Material Breach....................................................................................................4 2.7 [RESERVED].......................................................................................................4 2.8 Allowable Rent.....................................................................................................4 2.9 Rent Increases....................................................................................................4 2.10 Allocation of Moderate Income Units..................................................................5 2.11 Increased Income of Occupying Households .....................................................5 2.12 Lease Provisions ................................................................................................5 2.13 Tenant Income Certification................................................................................6 2.14 Security Deposits................................................................................................6 2.15 Additional Information; Books and Records........................................................6 2.16 Specific Enforcement of Affordability Restrictions...............................................6 2.17 City Subisdy........................................................................................................6 2.18 Audit ...................................................................................................................6 2.19 Management Agent ............................................................................................6 2.20 [RESERVED]......................................................................................................7 ARTICLE 3. TERM AND RECORDATION...................................................................7 3.1 Term of Housing Agreement................................................................................7 3.2 Agreement to Record...........................................................................................7 3.3 Early Termination of Restrictions.........................................................................7 ARTICLE4. DEFAULT; REMEDIES............................................................................7 4.1 An Event of Default..............................................................................................7 4.2 City's Option to Lease..........................................................................................8 4.3 [RESERVED].......................................................................................................8 4.4 [RESERVED].......................................................................................................8 4.5 [RESERVED].......................................................................................................8 4.6 [RESERVED].......................................................................................................8 4.7 [RESERVED].......................................................................................................8 4.8 [RESERVED].......................................................................................................8 4.9 Specific Performance...........................................................................................9 4.10 Action at Law; No Remedy Exclusive .................................................................9 ARTICLE 5. GENERAL PROVISIONS ........................................................................9 5.1 Limitations on Recourse ......................................................................................9 5.2 Maintenance, Repair, Alterations.........................................................................9 5.3 Notice ..................................................................................................................9 2369/023285-0024 11 782779.02 a3/13/2007 5.4 Relationship of Parties.......................................................................................10 5.5 No Claims..........................................................................................................10 5.6 Conflict of Interests............................................................................................10 5.7 Non-Liability of City Officials, Employees and Agents .......................................11 5.8 Unavailable Delay; Extension of Time of Performance......................................11 5.9 Title of Parts and Sections.................................................................................11 5.10 Hold Harmless..................................................................................................11 5.11 Rights and Remedies Cumulative.....................................................................11 5.12 Applicable Law..................................................................................................11 5.13 Severability.......................................................................................................12 5.14 Legal Actions....................................................................................................12 5.15 Binding Upon Successors.................................................................................12 5.16 Time of the Essence.........................................................................................12 5.17 Approval by the City..........................................................................................12 5.18 Complete Understanding of the Parties............................................................12 5.19 Burden and Benefit...........................................................................................12 5.20 Counterparts.....................................................................................................13 Exhibit A— Legal Description of the Property Exhibit B — Legal Description of the Apartment Site Exhibit C —Tenant Income Certification Exhibit D — Certificate of Continuing Compliance 2369/023285-0024 111 782779.02 a3/13/2007 HOUSING AGREEMENT THIS HOUSING AGREEMENT (the "Housing AgreemenY') is dated for reference purposes as of , 2007, and is by and between the CiTY OF PALM DESERT, a municipal corporation organized and existing under the laws of the State of California (the "City") and WNRA PALM DESERT 103 LLC, a California limited liability company (the "Owner"). RECITALS This Housing Agreement is predicated upon the following facts: A. In consideration of among other things the Owner entering into this Agreement, City has granted approval of general plan amendment from Resort/Hotel Commercial to Medium Density/High Density Overlay, a change of zone from R1 M (single-family/mobile home residential district) to PR 9 zoning for the condominium site and PR-19 for the apartment site (planned residentiai, 19 units per acre), a precise plan /conditional use permit, including a height exception to allow a 26 foot high roof element, and tentative tract map for apartment/ condominium purposes to construct 711 residential condominium and rental apartment units with respect to certain real property located within the City of Palm Desert, Califomia, which property is described in Exhibit A attached hereto and made a part hereof (hereinafter"Property"). B. City has approved an increase in the permitted maximum density from 13.6 dwelling units per acre to a maximum of 19.7 dwelling units per acre on the condition that the Owner enter into this Housing Agreement with respect to that portion of the Property upon which a 103 unit apartment complex (the "Project") shall be constructed and as described in Exhibit "B" attached hereto (the "Apartment Site"). Owner is owner of the Apartment Site. C. As a condition of said approval, City has required, and the Owner has agreed, that a specified number of rental units to be constructed on the Apartment Site shall be set aside and continuously made available for rent at affordable rental rates to persons and families of moderate income, and to facilitate the same, the Owner is willing to enter into certain restrictions upon the operation of the Project which will bind the Project and Owner, and its successors and assigns, for the entire term of this Housing Agreement. D. The purpose of this Housing Agreement is to create such easements, conditions, covenants, restrictions, liens, servitudes, and charges in favor of the City upon and subject to which the Project shall be occupied, leased and rented. The provisions of this Housing Agreement shall run with title to each and every portion of the Apartment Site and the Project and shall inure to and pass with each and every portion thereof and shall apply to and bind any successors-in-interest of Owner. 2369/023285-0024 782779.02 a3/13/2007 NOW, THEREFORE, in consideration of the mutual covenants and undertakings set forth herein and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the City and the Owner hereby agree as follows: ARTICLE 1. DEFINITIONS AND INTERPRETATION 1.1 Definitions. Capitalized terms used herein shall have the following meanings unless the context in which they are used clearly requires otherwise. "AMI" shall mean the area median income for Riverside County as published by the United States Department of Housing and Urban Development, or if such agency shall cease to publish such an index, then any comparable index published by any other federal or state agency which is approved by the Agency. The AMI shall be adjusted for family size in accordance with the state regulations adopted pursuant to California Health and Safety Code Section 50052.5. "City" shall mean the City of Palm Desert. "County" shall mean the County of Riverside, California. "Low Income Household" shall mean persons and families whose income does not exceed the qualifying limits for lower income households set forth in California Health and Safety Code Section 50079.5 and Title 25 of the Califomia Code of Regulations, Section 6910, as such statute and regulations may be amended from time to time. "Moderate Income Tenants" shall mean persons and families whose income does not exceed the qualifying limits for persons and families of low or moderate income set forth in Califomia Health and Safety Code Section 50093 and Title 25 of the Califomia Code of Regulations, Section 6910, as such statute and regulations may be amended from time to time. "Moderate Income Unit" shall mean the apartment dwelling units in the Project designated for occupancy by Moderate Income Tenants pursuant to applicable provisions of this Housing Agreement. "ProjecY' is the approximately 103 unit multi-family residential apartment complex described in the Recitals hereto, together with structures, improvements, equipment, fumiture, fixtures, and other personal property owned by the Owner, constructed upon the Apartment Site and located on or used in connection with all such improvements and all functionally related ancillary facilities. 1.2 Rules of Construction. 1.2.1 The singular form of any word used herein, including the terms defined herein shall include the plural and vice versa. The use herein of a word of any gender shall include correlative words of all genders. 2369/023285-0024 2 782779.02 a3/13/2W7 1.2.2 Unless otherwise specified, references to Articles, Sections, and other subdivisions of this Housing Agreement are to the designated Articles, Sections, and other subdivisions of this Housing Agreement as originaliy executed. The words "hereof," "herein," "hereunder," and words of similar import shall refer to this Housing Agreement as a whole. 1.2.3 All of the terms and provisions hereof shall be construed to effectuate the purposes set forth in this Housing Agreement and to sustain the validity hereof. 1.2.4 Headings or titles of the several articles and sections hereof and the table of contents appended to copies hereof shall be solely for convenience of reference and shall not affect the meaning, construction, or effect of the provisions hereof. ARTICLE 2. ONGOING PROJECT OBLIGATIONS 2.1 fRESERVEDI. 2.2 Bindinq for TeRn. It is intended by the parties hereto that the provisions of this Housing Agreement shall apply to the Project throughout the entire term hereof, as established in Section 3.1 below. The parties agree that in the event of a default by Owner which is not remedied, within any time periods for such remedy or cure which are specified herein, the City shall be entitled to all relief to which it would be entitled by virtue of a default under any of the provisions hereof. 2.3[RESERVEDI. 2.4Residential Rental Proqertv. Owner represents, warrants, and covenants to operate the Project as residential rental property. Moderate Income Units in the Project will be held and used for the purpose of providing residential living, and Owner shall own, manage and operate, or cause the management and operation of, the Project to provide such affordable rental housing. Owner will not knowingly permit any of the Moderate Income Units in the Project to be used on a transient basis and will not rent any such apartment units for a period of less than thirty (30) consecutive days. 2.5Moderate Income Tenants. 2.5.1 Income Qualification. Moderate Income Units (as defined in Section 2.10) will be exclusively occupied or available for occupancy by Moderate Income Tenants on a continuous basis. Moderate Income Tenants are only those who qualify to occupy Moderate Income Units pursuant to the income guidelines and limitations established by this Housing Agreement. Owner will advise the City in writing on an annual or other periodic basis as reasonably requested by the City of occupancy of Moderate Income Units by Moderate Income Tenants by delivery to the City of a certificate in a form specified by the City. Owner will also obtain and maintain on file Certifications of Tenant Eligibility in the form attached hereto as Exhibit "C" and incorporated herein by reference for each Moderate Income Tenant, and shall provide 2369/023285-0024 3 782779.02 a3/13/2007 copies of the same to the City at such times as the City may, from time to time, require. Owner shall make a good faith effort to verify that the income provided by an applicant in an income certification is accurate by taking any one or more of the following steps as part of the verification process: (i) Obtain a pay stub for the most recent pay period; (ii) Obtain an income tax retum for the most recent tax year; (iii) Obtain an income verification form from the applicant's current employer; (iv) Obtain an income verification form from the Social Security Administration and/or the State Department of Social Services, or its equivalent, if the applicant receives assistance from either of those agencies; (v) If the applicant is unemployed and has no tax return, obtain another form of independent verification; or (vi) Obtain such other documentation as may be reasonably acceptable to the City to verify income. Owner will prepare and submit to the City, at such periodic frequency as it might require, a Certificate of Continuing Compliance in the form attached hereto as Exhibit "D" and incorporated herein by reference and stating: (i) the percentage of dwelfing units in the Project which were occupied by Moderate Income Tenants or held vacant and available for occupancy by Moderate Income Tenants during such period; and (ii) that to the knowledge of the Owner, no default has occurred under the provisions of this Housing Agreement. Owner will also prepare and submit to the City each year for the preceding calendar year a report in form and substance reasonably satisfactory to the City, summarizing the vacancy rate of the Moderate Income Units and of the Project on a month-to-month or other periodic basis for such calendar year. Owner will accept as tenants of the Project, on the same basis as all other prospective tenants, Moderate Income Tenants who are recipients of Federal certificates and/or vouchers for rent subsidies pursuant to an existing program under Section 8 of the United States Housing Act of 1937 or its successor, and shall not apply selection criteria to Section 8 certificate holders that are more burdensome than the criteria applied to all other prospective tenants. The provisions of rental to Moderate Income Tenants set forth in this Article 2 shall apply during the entire term of this Housing Agreement. 2.6 Material Breach. Owner agrees to provide in the leases or occupancy agreements for Moderate Income Units within the Project a provision whereby each occupant will agree that it shall be a substantial and material breach of such lease or occupancy agreement which will permit Owner to immediately terminate tenancy 2369/023285-0024 4 782779.02 a3/13/2�07 thereunder if the person or persons occupying such Moderate Income Unit have misrepresented any fact material to the qualification of such persons or any other person to occupy a Moderate Income Unit. 2.7�RESERVEDI. 2.8Allowable Rent. A monthly rent shall be charged (taking into account a reasonable allowance for utilities) to the occupants of Moderate Income Units which shall be no greater than rents calculated in compliance with applicable provisions of California Health and Safety Code Section 50053(b) and Title 25 of the California Code of Regulations, Section 6910, et seq., as amended from time to time (including any optional requirements set forth therein if so elected by the Executive Director of the Agency in his sole and absolute discretion). 2.9 Rent Increases. Except as provided in Section 2.12 below, rents for Moderate Income Units may be increased only once per year. The rents charged following such an increase, or upon a vacancy and new occupancy by a Moderate Income Tenant, shall not exceed the aHowable rent calculated in compliance with 2.8 above. Owner shall give proper written notice to Tenant of all rent increases, and upon written request provide City with reasonable detail concerning the amount of and rational for such rent increases. 2.10 Allocation of Moderate Income Units. During the term of this Housing Agreement, twenty-one (21) of the apartment units constructed in the Project shall be allocated to Moderate Income Tenants (which apartment units shall be collectively referred to herein as the "Moderate Income Units"), and of the Moderate Income Units, twelve (12) units shall be one-bedroom units and nine (9) shall be two-bedroom units. At no time during the term of this Agreement will the 21 units be concentrated into one area of the project and to the extent possible will be dispersed evenly throughout the development. 2.11 Increased Income of Occupvinq Households. 2.11.1 Annually, on the anniversary date of occupancy of a Moderate Income Unit by a qualifying Moderate Income Tenant, Owner shall re-certify the financial qualifications of the person or persons residing within the Moderate Income Unit. 2.11.2 If, upon recertification pursuant to Section 2.11.1, the Owner determines that the household income of the occupants of a Moderate Income Unit has increased above 120% of the Area Median Income adjusted for family size, then such Moderate Income Unit may be redesignated as a market unit provided there is a unit of equal size and composition to designate as a Moderate Income Unit and treated by the Owner as a Moderate Income Unit available for occupancy by a Moderate Income Household, and the monthly rent, including a Reasonable Utility Allowance may only be increased by the percentage change in AMI in effect at the time of the previous lease term, or that which was in effect twelve (12) calendar months prior to lease renewal, 2369/023285-0024 5 782779.02 a3/l3/2007 whichever is longer, to the AMI in effect for the new or current lease term and only upon proper written notice to the occupants thereof. 2.12 Lease Provisions. The form of lease or rental agreement used by the Owner for the lease or rental of Moderate Income Units shall be that which is reasonable and customary in residential leasing. Each lease or rental agreement for a Moderate Income Unit shall provide that the tenants of such Moderate Income Unit shall also be subject to annual certification or rece►tification of income and subject to rental increases in accordance with Section 2.11. The Owner shall include provisions in leases or rental agreements for all Moderate Income Units which authorize the Owner to immediately terminate the tenancy of any Moderate Income Tenant occupying a Moderate income Unit where one or more of such Moderate Income Tenants have misrepresented any fact material to the qualification of such an individual or family as a Moderate Income Tenant and/or for qualification for occupancy of a Moderate Income Unit. Each lease or rental agreement shall also provide that, the Owner will not discriminate on the basis of race, creed, color, sex, national origin, ancestry, religion, marital status, disability or receipt of public assistance or housing assistance in connection with a rental of a Moderate Income Unit in the Project, or in connection with the employment or application for employment of persons for operation and management of the Project, and all contracts, applications and leases entered into for such purposes shall contain similar nondiscriminatory clauses to such effect. 2.13 Tenant Income Certification. The Owner will obtain, complete, and maintain on file Certificates of Tenant Eligibility from each Moderate Income Tenant as required by the provisions of Section 2.5 above. Copies of such certificates shall be made available for review by the City, upon request and upon reasonable notice. 2.14 Securitv Deposits. The Owner shall not require security deposits on Moderate Income Units in excess of one-month's rent for such Moderate Income Unit. 2.15 Additional Information; Books and Records. Owner shall provide any additional information concerning the Moderate Income Units reasonably requested by the City. The City shall have the right to examine and make copies of all books, records or other documents maintained by Owner or by any of Owner's agents which pertain to any Moderate Income Unit. 2.16 Sqecific Enforcement of Affordabilitv Restrictions. Owner hereby agrees that specific enforcement of Owner's agreement to comply with the allowable rent and occupancy restrictions of this Article 2 is one of the reasons for the general plan amendment, conditional use permit and density bonus granted by the City and described in the Recitals hereof, and that, in the event of Owner's breach of such requirements, potential monetary damages to the City, as well as to prospective Moderate Income Tenants, would be difficult, if not impossible, to evaluate and quantify. Therefore, in addition to any other relief to which the City may be entitled as a consequence of the breach hereof, Owner agrees to the imposition of the remedy of specific performance against it in the case of any event of default by Owner in 2369/023285-0024 6 782779.02 a3/13/2007 complying with the allowable rent, occupancy restrictions or any other provision of this Article 2. 2.17 Citv Subsidv. The City shall have the option of requiring the Owner to rent an available Moderate Income Unit to Lower Income Households, provided that the Agency agrees to provide a subsidy equal to the difference between the allowable rent that can be charged under California Health and Safety Code Section 50053(b)(1), (2) or (3) and California Health and Safety Code Section 50053 (b)(4). 2.18 Audit. The City shall have the right to perform an audit of the Project to determine compliance with the provisions of this Housing Agreement. Such audit shall not be undertaken more often than once each calendar year. All costs and expenses associated with the audit shall be paid by the City, unless the audit discloses a material noncompliance with the terms of this Housing Agreement, in which case such costs and expenses shall be paid by the Owner. 2.19 Mana4ement Aaent. Owner and/or the management agent (if not the Owner) shall operate the Project in a manner that will provide decent, safe and sanitary residential facilities to the occupants thereof, and will comply with provisions of this Housing Agreement. Upon the written request of the City, the Owner shall cooperate with the City in the periodic review of the management practices and financial status of the Moderate Income Units in the Project. The purpose of each periodic review will be to enable the City to determine if the Moderate Income Units within the Project are being operated and managed in accordance with the requirements and standards of this Housing Agreement. Results of such City review shall be provided to Owner. 2.20 fRESERVEDI. ARTICLE 3. TERM AND RECORDATION 3.1 Term of Housinq Aqreement. This Housing Agreement shall remain in full force and effect for a period of fifty-five (55) years from the date on which the City issues a certificate of occupancy for the Project, unless the Owner and the City agree, in writing, to terminate this Housing Agreement. The parties intend that the provisions and effect of this Housing Agreement, and specifically of Article 2 hereof, shall remain in full force and effect for the entire term hereof. 3.2Aqreement to Record. Owner represents, warrants, and covenants that it will cause this Housing Agreement to be recorded in the real property records of Riverside County. The Owner shall pay all fees and charges in connection with any such recordation. 3.3Earlv Termination of Restrictions. Notwithstanding the generality of the foregoing provisions of this Article 3 or any other provisions hereof, this Housing Agreement and all of the terms and restrictions contained herein shall terminate and be of no further force and effect in the event of either(i) foreclosure or delivery of a deed in lieu of foreclosure whereby a third party lender with a lien senior to this Housing Agreement becomes the owner of the Project, or(ii) involuntary noncompliance as a 2369/023285-0024 7 782779.02 a3/13/2U07 result of unforeseen events such as fire or act of God which leaves the entire complex uninhabitable, or a change in a federal or state law or an action of a federal City or of the State after the date of recordation hereof that prevents the City or any other public City from enforcing the provisions of this Housing Agreement, or a condemnation or a similar event. Upon termination of this Housing Agreement, the parties hereto or their successors, as applicable, agree to execute, deliver and record appropriate instruments of release and discharge of the terms hereof; provided, however, that the execution and delivery of such instrument shall not be necessary or a prerequisite to termination of this Housing Agreement in accordance with its te�ms. ARTICLE 4. DEFAULT; REMEDIES 4.1 An Event of Default. Each of the following shall constitute an "Event of DefaulY' by the Owner of this Housing Agreement: 4.1.1 Failure by the Owner to duly perform, comply with and observe any of the conditions, terms, or covenants of any agreement with the City concerning the Project, or of this Housing Agreement, if such failure remains uncured thirty (30) days after written notice of such failure from the City to the Owner in the manner provided herein or, with respect to a default that cannot be cured within thirty (30) days, if the Owner fails to commence such cure within such thirty (30) day period or thereafter fails to diligently and continuously proceed with such cure to completion. However, if a different period or notice requirement is specified under any other section of this Housing Agreement, then the specific provision shall control. 4.1.2 Any representation or warranty contained in this Housing Agreement or in any application, financial statement, certificate, or report submitted by Owner to the City proves to have been incorrect in any material respect when made. 4.1.3 A court having jurisdiction shall have made or rendered a decree or order (i) adjudging Owner to be bankrupt or insolvent; (ii) approving as properly filed a petition seeking reorganization of Owner or seeking any arrangement on behalf of the Owner under the bankruptcy law or any other applicable debtor's relief law or statute of the United States or of any state or other jurisdiction; (iii) appointing a receiver, trustee, liquidator, or assignee of the Owner in bankruptcy or insolvency or for any of its properties; or(iv) directing the winding up or liquidation of the Owner, providing, however, that any such decree or order described in any of the foregoing subsections shall have continued unstayed or undischarged for a period of ninety (90) days. 4.1.4 The Owner shall have assigned its assets for the benefit of its creditors or suffered a sequestration or attachment or execution on any substantial part of its property, unless the property so assigned, sequestered, attached, or executed upon shall have been returned or released within ninety (90) days after such event (unless a lesser time period is permitted for cure hereunder) or prior to sale pursuant to such sequestration, attachment, or execution. If the Owner is diligently working to obtain a return or release of the property and the City's interests hereunder are not 2369/023285-0024 g 782779.02 a3/13/2007 imminently threatened in its reasonable business judgment, then the City shall not declare a default under this subsection. 4.1.5 The Owner shall have voluntarily suspended its business or dissolved. 4.1.6 The condemnation, seizure, or appropriation of all or, in the opinion of the City a substantial part of the Project, except for condemnation initiated by the City. 4.1.7 There should occur any default declared by any lender under any loan document or deed of trust relating to any loan made in connection with the Project, which loan is secured by a deed of trust or other instrument senior to this Housing Agreement. 4.2 Citv's Option to Lease. Upon the occurrence of an Event of Default, and to cause the Project to meet the requirements of this Housing Agreement, Owner hereby grants to the City the option to lease up to all of the apartment units in the Project as necessary to achieve compliance with the provisions of Article 2 of this Housing Agreement, for the purpose of subleasing such apartment units in accordance with the requirements of this Housing Agreement. Any net rental paid under any such sublease shall be paid to the City without obligation to pay any such rent to Owner during the pendency of Owner's default. 4.3fRESERVEDI. 4.4fRESERVEDI. 4.5�RESERVEDI. 4.6 f RESERVEDI. 4.7(RESERVEDI. 4.8rRESERVEDI. 4.9Specific Performance. The City shall have the right to mandamus or other suit, action or proceeding at law or in equity to require the Owner to perForm its obligations and covenants under this Housing Agreement or to enjoin acts or things which may be unlawful or in violation of the provisions hereof. 4.10 Action at Law; No Remedv Exclusive. The City may take whatever action at law or in equity as may be necessary or desirable to enforce performance and observance of any obligation, agreement or covenant of the Owner under this Housing Agreement. No remedy herein conferred upon or reserved by the City is intended to be exclusive of any other available remedy or remedies, but each and every such remedy shall be cumulative and shall be in addition to every other remedy given under this Housing Agreement or now or hereafter existing at law, in equity or by statute. No delay 2369/023285-0024 9 782779.02 a3/13/2007 or omission to exercise any right or power accruing upon any default shall impair any such right or power or shall be construed to be a waiver of such right or power, but any such right or power may be exercised from time to time and as often as City may deem expedient. In order to entitle the City to exercise any remedy reserved to it in this Housing Agreement, it shall not be necessary to give any notice, other than such notice as may be herein expressly required or required by law to be given. ARTICLE 5. GENERAL PROVISIONS 5.1 Limitations on Recourse. Notwithstanding anything to the contrary contained in this Housing Agreement, except in the event of fraud, waste, illegal acts or gross negligence, or with regard to any indemnity obligations imposed upon Owner under the terms of this Housing Agreement, (i) Owner shall not have, and no officer or director of Owner(each, an "Owner Affiliate") shall have any direct, indirect or derivative personal liability for the obligations of Owner under this Housing Agreement, and (ii) the City shall not exercise any rights or institute any action against the Owner or any Owner Affiliate directly, indirectly or derivatively for the payment of any sum of money that is or may become payable hereunder. 5.2 Maintenance, Reqair, Alterations. Owner shall maintain and preserve the Project in good condition and repair and in a prudent and businesslike manner. Owner shall comply with all laws, ordinances, rules, regulations, covenants, conditions, restrictions, and orders of any governmental authority now or hereafter affecting the conduct or operation of the Project and of Owner's business on the Project or any part thereof or requiring any alteration or improvement to be made thereon. Owner shall not commit, suffer, or permit any act to be done in, upon, or to the Project or any part thereof in violation of any such laws, ordinances, rules, regulations, or orders. Owner hereby agrees that the City may conduct from time to time through representatives, upon reasonable notice, on-site inspections and observation of: (i) the maintenance and repair of the Project, including a review of all maintenance and repair programs and practices and all reports and records pertaining thereto, including records of expenditures relating thereto; and (ii) such other facilities, practices, and records of Owner relating to the Moderate Income Units of the Project as the City reasonably deems to be necessary or appropriate in order to monitor Owner's compliance with the provisions of this Housing Agreement. 5.3 Notice. All notices (other than telephone notices), certificates or other communications (other than telephone communications) required or permitted hereunder shall be sufficiently given and should be deemed given when personally delivered, when sent by telegram, or when sent by facsimile (if confirmed by sending a copy of such transmission by mail the same calendar day), or forty-eight (48) hours following mailing by registered or certified mail, postage prepaid, or finrenty-four hours following transmission of such notice by express mail, Federal Express or similar commercial carrier, addressed as follows: 2369/023285-0024 1 Q 782779.02 a3/13/2007 If to the City: City of Palm Desert 73-5'10 Fred Waring Drive Palm Desert, CA 92260-2578 Attn: Janet Moore, Housing Administrator Fax: (760) 341-6372 If to the Owner: Palm Desert 103 LLC 8 Executive Circle Irvine, California 92614 Attn: Fax: (949)862-6497 5.4Relationshiq of Parties. Nothing contained in this Housing Agreement shall be interpreted or understood by any of the parties, or by any third persons, as creating the relationship of employer and employee, principal and agent, limited or general partnership, or joint venture befinreen the City and the Owner or the Owner's agents, employees or contractors, and the Owner shall at all times be deemed an independent contractor and shall be wholly responsible for the manner in which it or its agents, or both, perform the services required of it by the terms of this Housing Agreement for the operation of the Project. The Owner has and hereby retains the right to exercise full control of employment, direction, compensation and discharge of all persons assisting in the perfoRnance of services hereunder. In regards to the on-site operation of the Project, the Owner shall be solely responsible for all matters relating to payment of its employees, including compliance with Social Security, withholding and all other laws and regulations governing such matters. The Owner agrees to be solely responsible for its own acts and those of its agents and employees. 5.5 No Claims. Nothing contained in this Housing Agreement shall create or justify any claim against the City by any person the Owner may have employed or with whom the Owner may have contracted relative to the purchase of materials, supplies or equipment, or the fumishing or the performance of any work or services with respect to the operation of the Project. 5.6Conflict of Interests. No member, official or employee of the City shall make any decision relating to this Housing Agreement which affects his or her personal interests or the interests of any corporation, partnership or association in which he or she is directly or indirectly interested. No officer or employee of the Owner shall acquire any interest in conflict with or inimical to the interests of the City. 5.7 Non-Liabilitv of Citv Officials, Emqlovees and Aqents. No member, official, employee or agent of the City shall be personally liable to the Owner, or any successor in interest, in the event of any default or breach by the City or for any amount which may 2369/023285-0024 1 1 782779.02 a3/13/2W7 become due to the Owner or successor or on any obligation under the terms of this Housing Agreement. 5.8 Unavailable Delav; Extension of Time of Performance. In addition to specific provisions of this Housing Agreement, performance by either party hereunder shall not be deemed to be in default where it is due to an "Unavoidab(e Delay." "Unavoidable Delay" means a delay due to the elements (including unseasonable weather), fire, earthquakes or other acts of God, strikes, labor disputes, lockouts, shortages of construction materials experienced generally in the construction industry in the local area, acts of the public enemy, riots, insurrections or govemmental regulation of the sale or transportation of materials, supply or labor; provided, however, that to the extent a delay is caused by any other reason that Owner reasonably believes is beyond its control, Owner may request, on a case-by-case basis, that City excuse any such delay as an Unavoidable Delay and City shall make its determination as to whether such delay constitutes an Unavoidable Delay using its reasonable judgment. 5.9Title of Parts and Sections. Any titles of the parts, sections or subsections of this Housing Agreement are inserted for convenience of reference only and shall be disregarded in construing or interpreting any part of its provision. 5.10 Hold Harmless. Owner shall defend the City (with counsel reasonably satisfactory to the City) against any claims or lifigation of any nature whatsoever brought by third parties and directly or indirectly arising from the Owner's ownership or operation of the Project, or the Owner's performance of its obligations under this Housing Agreement, and in the event of settlement, compromise or judgment hold the City free and harmless therefrom. 5.11 Riqhts and Remedies Cumulative. Except as otherwise expressly stated in this Housing Agreement, the rights and remedies of the parties are cumulative, and the exercise or failure to exercise one or more of such rights or remedies by either party shall not preclude the exercise by it, at the same time or different times, of any right or remedy for the same default or any other default by the other party. No waiver of any default or breach by the Owner hereunder shall be implied from any omission by the City to take action on account of such default if such default persists or is repeated, and no express waiver shall affect any default other than the default specified in the waiver, and such wavier shall be operative only for the time and to the extent therein stated. Waivers of any covenant, term, or condition contained herein shall not be construed as a waiver of any subsequent breach of the same covenant, term or condition. The consent or approval by the City to or of any act by the Owner requiring further consent or approval shall not be deemed to waive or render unnecessary the consent or approval to or of any subsequent similar act. The exercise of any right, power, or remedy shall in no event constitute a cure or a waiver of any default under this Housing Agreement, nor shall it invalidate any act done pursuant to notice of default, or prejudice the City in the exercise of any right, power, or remedy hereunder or under any agreements ancillary or related hereto. 2369/023285-0024 12 782779.02 a3/13/2007 5.12 Applicable Law. This Housing Agreement shall be interpreted under and pursuant to the laws of the State of California. 5.13 Severabilitv. If any term, provision, covenant or condition of this Housing Agreement is held in a final disposition by a court of competent jurisdiction to be invalid, void or unenforceable, the remaining provisions shall continue in full force and effect unless the rights and obligations of the parties have been materially altered or abridged by such invalidation, voiding or unenforceability. 5.14 Leqal Actions. In the event any legal action is commenced to interpret or to enforce the terms of this Housing Agreement or to collect damages as a result of any breach thereof, the party prevailing in any such action shall be entitled to recover against the party not prevailing all reasonable attorneys' fees and costs incurred in such action (including all legal fees incurred in any appeal or in any action to enforce any resulting judgment). 5.15 Bindinp Upon Successors. This Housing Agreement shall be binding upon and inure to the benefit of the permitted heirs, administrators, executors, successors in interest and assigns of each of the parties. Any reference in this Housing Agreement to a specifically named party shall be deemed to apply to any successor, heir, administrator, executor or assign of such party who has acquired an interest in compliance with the terms hereof or under law. 5.16 Time of the Essence. In all matters under this Housing Agreement, time is of the essence. 5.17 Approval bv the Citv. 5.17.1 Any approvals required under this Housing Agreement shall not be unreasonably withheld or made, except where it is specifically provided that another standard applies, in which case the specified standard shall apply. 5.17.2 Except as otherwise provided in this Housing Agreement, whenever this Housing Agreement calls for approval by the City of a proposed document to be submitted by the Owner, the approving entity shall notify the Owner of approval or disapproval within ten (10) business days after receipt of the proposed document, and failure to respond within said ten (10) business day period shall not disapprove a proposed document without giving specific reasons for its disapproval. 5.18 Complete Understandinq of the Parties. This Housing Agreement may be executed in multiple originals, each of which shall be deemed to be an original. This Housing Agreement and the attached Exhibits constitute the entire understanding and agreement of the parties with respect to the matters described herein. 5.19 Burden and Benefit. The City and the Owner do hereby declare their understanding and intent that the burden of the covenants set forth herein touch and concern the Apartment Site and the Project, in that Owner's legal interest in the Project is rendered less valuable thereby. The City and the Owner hereby declare their 2369/023285-0U24 13 782779.02 a3/l3/2007 understanding and intent that the covenants, reservations and restrictions set forth herein directly benefit the Apartment Site and the Project (i) by enhancing and increasing the enjoyment and use of the Project by certain Moderate Income Tenants, (ii) by making possible the obtaining of advantageous financing for the Apartment Site and the Project, and (iii) by furthering the public purposes advanced by the City. 5.20 Counterparts. This Housing Agreement may be executed in two or more counterparts, each of which shall be an original, but all of which shall constitute one and the same instrument. [signature on following page] 2369/023285-0024 14 782779.02 a3/l3/2007 WHEREFORE, the undersigned has executed this Housing Agreement as of the date first-above written. OWNER: WNRA PALM DESERT 103 LLC, a California limited liability company By: WESTERN NATIONAL REALTY ADVISORS, a California corporation its Manager By: Name: Rex F. Delong Its: President By: Name: Kevin Hampton Its: Vice President CITY : CITY OF PALM DESERT By: Name: Richard S. Kellv Its: Mavor 2369/023285-0024 15 782779.02 a3/13/2007 STATE OF CALIFORNIA ) ) ss COUNTY OF ) On , , before me, , a Notary Public in and for the State of California, personally appeared , personally known to me (or proved to me on the basis of satisfactory evidence) to be the person whose name is subscribed to the within instrument and acknowledged to me that he/she executed the same in his/her authorized capacity, and that by his/her signature on the instrument, the person, or the entity upon behalf of which the person acted, executed the instrument. WITNESS my hand and official seal. Notary Pubiic in and for the State of California (SEAL) STATE OF CALIFORNIA ) ) ss COUNTY OF ) On , , before me, , a Notary Public in and for the State of Califomia, personally appeared , personally known to me (or proved to me on the basis of satisfactory evidence) to be the person whose name is subscribed to the within instrument and acknowledged to me that he/she executed the same in his/her authorized capacity, and that by his/her signature on the instrument, the person, or the entity upon behalf of which the person acted, executed the instrument. WITNESS my hand and official seal. Notary Public in and for the State of California (SEAL) 2369/0232R5-0024 1C 782779.02 a3/13/2007 EXHIBIT A Legal description of the Property LOTS 1 TO 14, INCLUSIVE, AND LOTS A TO S, OF TRACT NO. 33837-1, AS SHOWN ON A MAP RECORDED IN BOOK 402 PAGES 4 THROUGH 8, INCLUSIVE, OF MAPS, IN THE OFFICE OF THE RIVERSIDE COUNTY RECORDER. 2369/023285-0024 782779.02 a3/14/2007 EXHIBIT B Legal description of the Apartment Site PARCEL 1: LOT 13 OF TRACT NO. 33837-1, AS SHOWN BY MAP ON FILE IN BOOK 402 PAGES 4 THROUGH 8 OF MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA. PARCEL 2: A NON-EXCLUSIVE EASEMENT FOR THE INSTALLATION, CONSTRUCTION, ACCESS, USE, OPERATION, MANAGEMENT, REPAIR AND MAINTENANCE OF THE WATER WELL AS DESCRIBED IN THAT CERTAIN "WATER WELL EASEMENT AND AGREEMENT RECORDED APRIL 12, 2006 AS INSTRUMENT NO. 06-259866 OF OFFICIAL RECORDS. 2369/0232R5-0024 782779.02 a3/13/2007 EXHIBIT C TENANT INCOME CERTIFICATION [ATTACHED] 2369/023285-0024 782779.02 a3/l 3/2007 TENANT INCOME CERTIFICATION Effective Date: Move In Date: ❑ Initial Certification ❑ Recertification ❑ Other (M/D/YYYY) Property name: Address: Unit No. # Bedrooms: Pursuant to a Housing Agreement with the City of Palm Desert,Palm Desert Redevelopment Agency,or the Housing Authority, Program Eligibility and Affordability verifications for Low and Moderate Income Households shall be performed as required by Title 25 subject to eligibility verification procedures and requirements described therein,and as amended from time to time.The following outlines how annual income is calculated to determine tenant income eligibility,which is required prior to the tenant residing in an affordable housing unit and every year thereafter for the compliance period. The following questions will assist you in completing the TENANT INCOME CERTIFICATION.When answering the questions answer"Yes"if any of the information requested or income source pertains to any tenant,co-tenant,or adult individual member of the household(individuals 18 years and older) during the 12 months following the date of the certification or recertification. YES NO INCOME INFORMATION MONTHLY GROSS INCOME (all sources are to be dlsclosed below unless otherwlse excluded by Tit/e 25 Sectlon) G ❑ I/we am self employed.(List nature of self employment) (use net income from business) $ ❑ ❑ I/we have a job and receive wages, salary, overtime pay,commissions, fees,tips, bonuses, and/or other compensation:List the businesses and/or companies that pay you: Name of Employer; (use rg oss income;amount before any pay deductions) 1) $ TOTAL INCOME(BOX A) S ❑ C I/we receive periodic social security payments. $ ❑ ❑ I/we receive Supplemental Security Income(SSI). $ TOTAL INCOME(BOX B) $ ❑ O I/we receive cash contributions of gifts'including rent or utility payments, on an ongoing basis from persons not living with me/us. $ ❑ ❑ I/we receive Public Assistance Income $ Other: Please�isc TOTAL INCOME(BOX C) $ ❑ ❑ I/we receive unemployment benefits. $ ❑ ❑ I/we receive Veteran's Administration. GI Bill,or National Guard/Military benefits/income. $ ❑ ❑ The household receives uneamed income from family members age 17 or under(example: Social Security,foster care, etc.) $ ❑ ❑ I/we receive periodic disabiliry or death benefits other than Social Security. $ ❑ ❑ I/we am entitled to receive child support payments, but am not currently receiving payments. ❑ ❑ I/we am currently receiving child support payments. If yes,from how many persons do you receive support? $ ❑ O I/we receive alimony/spousal support payments $ ❑ ❑ I/we receive periodic payments from trusts, annuities, inheritance, retirement funds or pensions, insurance policies,worker's compensation and severance, interest and dividends, or lottery winnings. If yes,list sources: $ 1) ❑ ❑ I/we receive income from rental, real or personal property. $ TENANT INCOME CERTIFICATION PAGE20F3 ❑ ❑ Any other income? Describe source: $ TOTAL INCOME(BOX D) $ YES NO ASSET INFORMATION CASH VALUE O ❑ !/we have a checking account If yes, list bank $ 1) ❑ ❑ I/we have a savings account If yes, list bank 1) $ I-1 ❑ I/we have a revocable trust If yes,list bank 1) $ ❑ O I/we own real estate: If yes, provide description $ ❑ ❑ I/we own stocks, bonds,or Treasury Bills If yes, list sources/bank names 1) $ ❑ ❑ I/we have Certificates of Deposit(CD)or Money Market Account If yes,list sources/bank names 1) $ ❑ ❑ I/we have an IRA/Lump Sum Pension/Keogh AccounU401K. If yes, list bank 1) $ C O I/we have a whole life insurance policy. If yes, how many policies $ ❑ ❑ I/we have disposed of assets(i.e. gave away money/assets)for less than the fair market value in the past 2 years If yes,list items and date disposed: 1) $ G� ❑ I/we receive other forms of capital investments. If yes,describe source: $ YES NO STUDENT STATUS ❑ ❑ Does the household consist of persons who are afl full-time students (Examples: College/University,trade school, etc.) ❑ ❑ Is student receiving financial aid(public or private, not including student $ loans) ❑ ❑ Is student married and filing a joint tax retum ❑ ❑ Is student a single parent with a dependent child or children and neither you nor your child(ren)are dependent of another individual TOTA�INCOME(BOX F) $ TENANT INCOME CERTIFICATION PAGE 3 OF 3 PART I. HOUSEHOLD COMPOSITION HH First Name Relationship to Date of Birth F/T Social Security Mbr# Last Name 8 Middle Initial Head of Household (M�DiYYYY) Student or Alien Req.No (Y or N) Self TOTAL HOUSEHOLD MEMBERS: # PART II.GROSS ANNUAL INCOME(USE ANNUAL AMOUNTS) HH Mbr# (A) (B) (C) (D) Employment or Wages Social Security/Pensions Public Assistance Other Income 1. Add totals from(A)through(D),above TOTAL INCOME: (E) PART III-INCOME FROM ASSETS HH (F) (G) (H) (I) Mbr# Type of Asset C/I Cash Value of Asset Annual Income from Asset ALL $5000 Asset Waiver TOTALS: Enter Column(H)Total If over$5,000 $0.00 X 2.00% (Passbook Rate) = Imputed Income (J) Enter the great of the total of column(I),or imputed Income(J) TOTAL INCOME FROM (K) ASSETS: Total Mnual Houaehold Income from all Sources[Add(E)+(K)j: (L) HOUSEHOLD CERTIFICATION 8 SIGNATURES The information on this form will be used to determine ma�timum income eligibility.I/we have provided each person(s)set forth in Part I acceptable verification of current anticipated annual income.Uwe agree to notify the landlord immediately upon any member of the household moving out of the unit or any new member moving in.I/we agree to notify the landlord immediately upon any member becoming a full-time student Under penalty of peryury of the laws of the State of Califomia.I/we certify that the information presented in the Certification is true and accurate to the best of my/our knowledge and belief.The undersigned further understands that providing false representations herein constitutes an act of fraud. False,misleading or incomplete information may result in the termination of the lease agreement. Signature (Date) Signature (Date) Signature (Date) Signature (Date) EXHIBIT D CERTIFICATE OF CONTINUING COMPLIANCE [ATTACHED) 2369/023285-0024 782779.02 a3/13/2007 OWNER'S CERTIFICATE OF CONTINUING COMPLIANCE To: City of Palm Desert Redevelopment Agency 73-510 Fred Waring Drive Palm Desert, CA 92260 Attn: Housing Administrator Certification Dates: From: To: Project Name: Project Number: Project Address: Tax Id#of Ownership Entity: The undersigned on behalf of ("the Owner", hereby certifies that: ❑ No buildings have been Placed in Service ❑ Other 1. The project meets the minimum requirements of: ❑ ❑ 2. There has been change I no change for any building in the project: ❑ NO CHANGE ❑ CHANGE If"Change," please list : 3. The owner has received annual Tenant Income Certification from all low-income households and documentation to support that certification. ❑ YES ❑ NO 4. All low-income units in the project have been rent-restricted under the terms of Agreement No.: ❑ YES ❑ NO 5. All low-income units in the project have been and are being tor used by the general public on a non-transient basis: ❑ YES ❑ NO 6. No finding of discrimination under the Fair Housing Act, 42 U.S.0 3601-3619, has occurred for this project. A finding of discrimination includes an adverse final decision by the Secretary of Housing and Urban Development (HUD), 24CFR 180.68�, an adverse final decis9on by a substantially equivalent state or local fair housing agency, 42 U.S.0 3616a(a)(1), or and adverse judgment from a federal court: ❑ YES ❑ NO List Finding if occurred: 7. Each building and low-income unit in the project is and has been suitable for occupancy, taking into account local health, safety, and building codes (or other habitability standards), and the state or local government unit responsible for making building code inspections did not issue a report of a violation for any building or low-income unit in the project: o YES ' ❑ NO If"No" state nature of violation: Attach a copy of the violation report as required by 26 CFR 1.42-and any documentation of correction. 8. All tenant facilities, such as swimming pools, other recreational facilities, parking areas, washer/dryer hookups, and appliances were provided on a comparable basis, without charge, to all tenants in the buildings: ❑ YES ❑ NO 9. If any of the low-income units in the project has been vacant during the year, reasonable attempts were or are being made to rent that unit or the next available unit of comparable size to households having a qualifying income before any units were or will be rented to tenants not having a qualifying income: ❑ YES ❑ NO 10. If the income of a household of a low-income unit in any building increased above the qualifying limit allowed by the Agreement NO. , the next available unit of comparable size in that building was or will be rented to tenants having a qualifying income: ❑ YES ❑ NO 11. There has been change/no change in the ownership or management of the project: ❑ NO CHANGE ❑ CHANGE If"Change," attach a copy detailing information of the changes in ownership or management of the project. Note:Failure to complete this form in its entirety will result in non-compliance with program requirements. In addition,any individual other than an owner or general partner of project is not permitted to sign this form. The project is otherwise in compliance with Agreement No. and all other applicable laws, rules and regulations. This Certification and any attachments are made UNDER PENALTY OF PERJURY of the Laws of the State of California. (Ownership Entry) By: Title: Date: Place: G VdaUessica GonzaleslHOUSING AGREEMENTS\DEVELOPERS\EMERALD BROOK,LLC\Owner's Certificate of Continuing Program -final 062006.wpd Legend � � CHILD CARE CENTER �\\\ APARTMENT SITE � EMERALD BROOK �cRq�� � _j TAYLOR WOODROW HOMES INC ��q� - CVWD �,Q. O�� CHILD CARE �/�� CENTER � '�s ��' �',9 \ � \ \\�_=,. � ,,_, ��o �� '-��. �����. �.;,, � -�C�_� . � APARTMENT 1___.--.__..) _-----, ---, SITE ,�------- � �- TAYLOR WOODROW __ - HOMES INC ---�I �-----___ � --__....-' ----__ -- -i' ----------' EMERALD BROOK I� -�-'-==��_. I nFRA�NK-S111FATRA-DR F_R�A_•(1(�Cz�rlllF�f�i�D_�2� —Tw�'� E E CRQ�U�CN—� - �j x �G� y HERITAGE ,�pG ' �W Q ��p�� QP/j,qG WAY�� F•WJ /W / 'li. �T FA�LS.DRN � r,y � ��. °'�r A m`�a = � � q T�� �m �v -! ,� G�, _�r�T Z O �rti City of Palm Desert LOCATOR MAP " W�E ���� Tract Map 33837-1 s �� o soo `°���^r°� , Feet