COMMUNITY HOUSING DEVELOPMENT ORGANIZATION AGREEMENT (2)COMMUNITY HOUSING DEVELOPMENT ORGANIZATION (CHDO) AGREEMENT BY AND
BETWEEN
CITY OF CLEARWATER, FLORIDA AND
BRIGHT COMMUNITY TRUST, INC.
This Agreement (the "Agreement") is entered into this 6th day of August, 2018, by and between CITY
OF CLEARWATER, a municipal corporation, organized and existing under the laws of the State of
Florida, located at 112 S. Osceola Avenue, Clearwater, Florida 33756 (hereafter called "City") and Bright
Community Trust, Inc., a Florida non-profit Corporation located at 2605 Enterprise Road, East Suite
230, Clearwater, Florida 33759 (hereafter designated as ("Awardee").
WHEREAS, the City has applied for and has been awarded funds from the United State Department of
Housing and Urban Development (herein called "HUD") for the HOME Investment Partnership Program
which is referred to herein as the ("HOME Program"); and
WHEREAS, among the purposes of the HOME program are to promote partnerships between units of
local government and nonprofit organizations and to expand nonprofit organizations' capacity to develop
decent and affordable housing; and
WHEREAS, to assist in achieving those purposes, participating jurisdictions (PJ) under the HOME
Program must reserve not less than 15 percent (15%) of their HOME allocations for investment in housing
to be developed, sponsored, or owned by Community Housing Development Organizations (CHDO); and
WHEREAS, the Awardee has been certified by the City as a Community Housing Development
Organization, and has submitted an application for use of CHDO funds for a CHDO-eligible project
consistent with HOME regulations.
WHEREAS, Awardee has evidenced the capacity to acquire and rehabilitate an affordable housing unit
funded in part by this Agreement located on 1943 Gilbert Street in Clearwater, Pinellas County, FL; and
WHEREAS, on or about August , 2018, the City has approved the described use of HOME Funds and
authorized staff to enter into an Agreement with Awardee to provide One Hundred and Eighty
Thousand ($180,000.00) Dollars for the acquisition and rehabilitation of a single-family home for sale to
an eligible low to moderate -income homebuyer.
NOW THEREFORE, the City and Awardee hereby execute this Agreement to undertake the described
affordable housing development.
FURTHERMORE, the City and Awardee agree as follows:
I. SCOPE OF SERVICE
A. Awardee shall complete the acquisition and rehabilitation of affordable single-family
home, located at 1943 Gilbert Street in Clearwater, Pinellas County, FL, more
particularly described in Attachment A.
B. Awardee shall acquire and rehabilitate the one (1) home identified above to standards
required in Section IV of this Agreement.
C. Awardee shall affirmatively market the home to low to moderate -income homebuyers
whose total household incomes, adjusted for family size do not exceed eighty percent
(80%) of the adjusted area median income for the area, as determined by HUD.
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D. Awardee shall complete the acquisition, rehabilitation, marketing and sale of the home to
an eligible, low to moderate -income homebuyer within twenty four (24) months from the
date that the Notice to Proceed has been issued by the City.
E. Awardee must enter into a valid sales contract with an eligible homebuyer within nine
(9) months of the certificate of occupancy for the home.
F. Awardee anticipates the sales price of the home should not exceed $190,000.00.
G. Awardee shall provide the City with a copy of all lien documents, homebuyer agreement
and homebuyers' verification of income prior to the sale of the home.
H. Awardee must ensure the HOME -assisted homebuyer receive and complete at least eight
(8) hours of homebuyer counseling from a HUD -approved counseling agency before
obtaining a mortgage loan.
If Awardee is unable to enter into a ratified sales contract with an eligible homebuyer
within nine (9) months of the certificate of occupancy for the home, the Awardee must
convert the home to rental housing. If converted, this rental housing must comply with all
provision of §92.252.
11. PROJECT FUNDING
A. The City hereby approves the award of HOME Funds in the amount of One Hundred &
Eighty Thousand and 00/100 Dollars ($180,000.00) to Awardee for the acquisition and
rehabilitation located on 1943 Gilbert Street in Clearwater, Pinellas County, FL. Sources
and uses of funds are identified in "Attachment C" attached hereto and incorporated herein.
B. Awardee shall ensure HOME Funds provided under this Agreement will be requested for
disbursement only in required amounts and as needed for payment of eligible costs for
activities described and approved in this Agreement. Payments will be approved by the
City for eligible expenses actually incurred by Awardee, and will not exceed actual cash
requirements. The City reserves the right to liquidate funds available under this
Agreement for eligible costs incurred by The City on behalf of Awardee.
C. The full amount of the loan, One Hundred Eighty Thousand and 00/100 Dollars
(180,000.00) shall be disbursed as earned by verified performance of activities to be
completed under this Agreement.
D. Awardee shall establish, for property developed with funds provided under this
Agreement, a selling price that does not exceed 95 percent of the median purchase price
for the area, as described in 24 CFR 92.254.
E. Awardee has established a sales price for the home not to exceed $190,000.00.
F. The City hereby approves HOME Funds in an amount not to exceed One Hundred and Eighty
Thousand and 00/100 Dollars ($180,000.00) for Awardee as reimbursement of actual Project
Delivery Costs incurred on the acquisition and rehabilitation described in Attachment "C".
Project Delivery Costs/Bugdet shall be defined as those expenses incurred by Awardee, which
can be directly attributed to a specific HOME -funded Project.
G. If for any reason, Awardee breaches any term of this Agreement, the City may require full
repayment of any amounts advanced under this Agreement pursuant to Section VIII,
Remedies on Default.
H. Awardee shall repay to the City the net proceeds realized from the sale of the home
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developed with funds provided under this Agreement. Net proceeds is defined as the total
HOME investment in the housing unit less twelve percent of the total developer cost
agreed upon, as outlined in Section II,paragraph F.
I. Awardee may retain the proceeds from the sale of the housing which is defined as the
difference between the sales price and the total HOME investment in the housing to use for
housing activities that benefit low to moderate -income families.
J. Awardee cannot charge servicing, loan origination, processing, inspection or other fees
that represent the cost of providing the HOME assistance under this Agreement.
K. HOME Funds to be provided under this Agreement are contingent upon the City's
determination to proceed, modify or cancel the Project based on the results of a
subsequent environmental review in accordance with HUD CPD Notice 01-11.
III. AFFORDABILITY
A. As provided in 24 CFR 92.254, all housing developed with funding provided under this
Agreement shall be affordable and available to low to moderate -income persons for the
requisite affordability period, (the "Affordability Period"), as required m HOME Program
regulations based on the per unit HOME subsidy provided under this Agreement. If the
housing does not meet the applicable principal residence or affordability requirements for the
full Affordability Period for any reason whatsoever, payment to the City of the outstanding or
remaining unpaid balance of HOME Funds invested in the Development will be required
according to the repayment terms set forth in Section VIII of this Agreement. Awardee shall
ensure the affordability and principal residence requirements of the housing for the full
Affordability Period through HUD -approved Land Use Restriction Agreement. Affordability
requirements shall be enforced by the City via a HUD -approved Land Use Restriction
Agreement encumbering the home for the full Affordability Period.
B. Awardee shall ensure, where no direct subsidy is provided, the homeowner understands
and agrees to the Resale requirements as defined in 92.254 (a)(5)(i). The resale provisions
requires when a HOME assisted homebuyer sells his or her property, either voluntarily or
involuntarily, during the applicable affordability period, the property is sold to another
low to moderate income homebuyer who will use the property as his or her principal
residence. The original homebuyer shall receive a fair return on investment. Fair return
of investment is defined as the average change on the Consumer Price Index (CPI) over
the period of affordability. The property must be sold at a price that is affordable to a
reasonable range of low to moderate -income buyers.
Awardee shall ensure, where applicable, that the homeowner understands and agrees that
the acceptable pro -rata amount of the total HOME Funds invested in their principal
residence, within the applicable Affordability Period, follows the Resale Requirements.
The resale requirements ensure that the price at resale provides the original home -assisted
owner a fair return on investment and ensure that the housing will remain affordable to a
reasonable range of low to moderate -income buyers. Fair return on investment is defined
as the average change on the Consumer Price Index (CPI) over the period of ownership
by the Homebuyer.
IV. HOUSING QUALITY STANDARDS
A. All affordable housing developed with HOME Funds provided under this Agreement
shall, upon completion, meet or exceed all applicable minimum housing code standards,
as established by the City, and all state and local housing, zoning, fire, State Model
Energy Code, Energy Star, Universal Design, and building codes, as amended. In
addition, all housing assisted under this Agreement shall be maintained in compliance
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with all applicable minimum housing code standards, as established by the City, and all
state and local housing, zoning, fire, and building codes, as amended, for the duration of
the Agreement and the full term of the required Affordability Period.
B. Awardee shall establish and maintain records for each HOME -assisted home to ensure
adherence to all applicable minimum housing code standards, as established by the city,
and all state and local housing, zoning, and building codes, as amended. Prior to
processing any periodic pay requests for the Development, Awardee's compliance with
all Housing Quality Standards will be verified by a City inspection.
C. The City reserves the right to inspect at any time during normal business hours any and
all construction accomplished under this Agreement to assure adherence to applicable
Housing Quality Standards, minimum housing codes, as established by the local
jurisdiction, and all state and local housing, zoning, building and fire codes, as amended.
D. Awardee shall use only qualified and reputable subcontractors, workmen, material
suppliers and agents acceptable to the City in the construction and marketing of the
home to be constructed under thisAgreement.
E. Awardee shall ensure contractors and subcontractors are not debarred, ineligible or
suspended from working on federally -assisted projects in accordance with 2 CFR 200.
F. Awardee shall ensure contractors comply with the bonding requirements and the City
Building codes.
V. NOTICES
Communication and details concerning this Agreement shall be directed to the following persons:
The City of Clearwater Bright Community Trust, Inc.
Charles H. Lane, Jr, Assistant Director Anthony Jones
112 S. Osceola Avenue 2605 Enterprise Road E. # 230
Clearwater, FL 33756 Clearwater, FL 33759
(727) 562-4023 (727)-474-8442
The contact persons listed above may be changed upon fifteen (15) days' written notice to the other
party.
VI. ADMINISTRATIVE REQUIREMENTS
A. Awardee shall abide by all applicable federal, state, and local laws, regulations, codes, and
ordinances in the performance of all activities required by this Agreement, and specifically
agrees to adhere to applicable requirements of 24 CFR 92.
B. Awardee shall conduct an independent audit of this Development after completion of the
Development. This audit shall be in accordance with generally accepted accounting
principles. The audit shall be conducted by an independent auditor that is a certified public
accountant acceptable to the City. Awardee shall provide the City with three (3) copies of
such audit upon completion. Any deficiencies noted in the audit report shall be fully
cleared by Awardee within thirty (30) calendar days after receipt of said audit report by the
City. Failure of Awardee to clear deficiencies noted in the audit report shall constitute a
breach of this Agreement and the City may exercise any and all of its rights and remedies
under Section VIII, Remedies on Default.
C. Awardee shall adhere to the requirements of 2 CFR 200 and applicable uniform
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administrative requirements of 24 CFR 92.505.
D. Awardee shall make available to the City at any time during normal business hours all
financial, compliance and construction records of activities pertaining to funding and the
Development covered by this Agreement to allow the City to conduct monitoring,
performance, and compliance reviews and evaluations. Notwithstanding any other
provision in this Agreement, the City will monitor the performance of Awardee against
goals and performance standards required herein. Substandard performance as determined
by the City shall constitute non-compliance with this Agreement. If action to correct such
substandard performance is not taken by Awardee within thirty (30) calendar days after
being notified by the City, suspension or termination procedures may be initiated as
specified in Section VIII or Section IX.
E. In accordance to 24 CFR 92.353, Awardee shall ensure that no person will be displaced
from his or her dwelling as a direct result of activities assisted with HOME Funds
provided under this Agreement.
F. Awardee shall affirmatively market the housing unit developed under this Agreement to
low to moderate -income persons in compliance with 24 CFR 92.351 and Public Laws 88-
352 and 90- 284 and ensure maintenance of documentation of affirmative marketing
efforts to such persons. Prior to any funds being disbursed under this Agreement,
Awardee shall provide an affirmative marketing plan to the City documenting the planned
affirmative marketing efforts to be undertaken by Awardee regarding the Project.
G. Awardee shall not pay any part of funds received under this Agreement for lobbying the
Executive or Legislative Branches of the Federal, State, or local government.
H. Awardee shall adhere to the Conflict of Interest provisions at 24 CFR 92.356 and 2 CFR
200.
I. Awardee shall comply with the provisions of the National Environmental Policy Act of
1969, as applicable to Developments funded under this Agreement, the Flood Disaster
Protection Act of 1973, and the Lead -Based Paint Poisoning Prevention Act, and the
regulations promulgated thereunder, all as amended. Awardee agrees to comply with the
following regulations insofar as they apply to the performance of this Agreement, the
Clean Air Act, Federal Water Pollution Control Act, Environmental Protection Agency
regulations pursuant to 40 CFR 50, all as amended, as well as all other applicable
Environmental laws and regulations. Awardee shall ensure maintenance of documentation
to evidence compliance with environmental statutes and regulations.
J. Awardee shall establish and ensure the eligibility of homebuyer purchasing housing
developed under this Agreement with regard to low-income requirements specified by
HUD. In addition, Awardee shall ensure maintenance of beneficiary information
regarding the person assisted under this Agreement, including name, address, family size,
social security number, race, sex, income, marital status, and whether the assisted
person(s) is elderly, female head -of -household, handicapped, American Indian, Hispanic,
Caucasian, African American, Alaskan Native, Asian or Pacific Islander. The
information shall be maintained for each home and person(s) or family assisted under this
Agreement. Awardee shall submit the beneficiary information to the City upon request.
K. Awardee shall provide drug-free workplaces in accordance with the Drug -Free Workplace
Act of 1988.
L. Awardee shall ensure compliance with all requirements of the Davis -Bacon Act, Contract
Work Hours and Safety Standards Act, the Copeland Anti -Kickback Act, and all other
applicable federal, state, and local laws and regulations pertaining to labor standards.
Awardee shall ensure maintenance of adequate records and reports to evidence such
compliance, if applicable.
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M. Awardee shall ensure compliance with the requirements of the Fair Housing Act, Executive
Order 11246 (Equal Employment Opportunity), as amended by Executive Order 12086, and
the regulations issued pursuant thereto, Executive Orders I 1625, 12432, and 12138, which
require affirmative actions to encourage participation by minority and women -owned
business enterprises. Awardee shall ensure that the provisions of this paragraph are included
in every subcontract entered into by Awardee associated with this Agreement and
Development. Awardee shall ensure maintenance of records and reports to document
compliance with fair housing and equal opportunity requirements.
N. Awardee will ensure that all records required under this Agreement are retained for a period
of five (5) years after the applicable required Affordability Period has expired. When
requested, Awardee shall furnish, and cause all its subcontractors to furnish, all reports and
information required hereunder, and will permit access to its books, records, and accounts,
by the City, HUD or its agent, or other authorized federal officials for purposes of
investigation to ascertain compliance with the statutes, rules, regulations, and provisions
stated herein.
O. Awardee shall ensure that where employees are engaged in activities not covered under the
Occupational Safety and Health Act of 1970, said employees shall not be required or
permitted to work, be trained in, or receive services in buildings or surroundings, or under
working conditions, which are unsanitary, hazardous, or dangerous to the participants'
health or safety.
P. Awardee shall comply with Executive Order 11063, as amended by Executive Order
12259, and shall not discriminate against persons on the basis of race, color, creed, religion,
ancestry, national origin, sex, disability or other handicap, age, marital or familial status, or
status with regard to public assistance. Awardee shall maintain records and documentation
to evidence compliance with this requirement. Awardee shall take affirmative action to
ensure that all employment practices are free from such discrimination. Such employment
practices include, but are not limited to, the following: hiring, upgrading, demotion,
transfer, recruitment or recruitment advertising, layoff, termination, rates of pay or other
forms of compensation, and selection for training, including apprenticeship. Awardee
agrees to post in conspicuous places, available to employees and applicants for
employment, notices to be provided by the contracting agency setting forth the provisions
of this nondiscrimination clause.
Q. Awardee shall comply with Section 3 of the HUD Act of 1968, Employment Opportunities
for Lower Income Persons in Connection with Assisted Developments, and regulations
issued pursuant thereto. Awardee shall cause a "Section 3 Clause" to appear in all
subcontract agreements executed under this Agreement or in connection with this
Development and shall take appropriate action pursuant to the subcontract upon a finding
that the subcontractor is in violation of Section 3 or the regulations promulgated pursuant
thereto. Awardee shall not subcontract with any subcontractor where it has notice or
knowledge that the latter has been found in violation of Section 3 and implementing
regulations. Further, Awardee shall not execute any subcontract unless the subcontractor
has first provided it with a preliminary statement of ability to comply with the
requirements of Section 3 and implementing regulations.
R. Awardee shall comply with Title VIII of the Civil Rights Act of 1968, as amended,
Section 109 of Title I of the Housing and Community Development Act of 1974, Section
504 of the Rehabilitation Act of 1973, the Americans with Disabilities Act of 1990, and
the Age Discrimination Act of I975, along with all applicable regulations associated
therewith, all as amended. Awardee shall include the provisions of this paragraph in every
subcontract entered into by Awardee associated with this Agreement or this Development.
Awardee shall ensure maintenance of records and reports to document compliance.
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S. Awardee agrees that funds received under this Agreement will not be utilized for religious
activities, to promote religious interests, or for the benefit of a religious organization.
T. Awardee shall not further encumber the Project pursuant to this Agreement without the
prior written approval of the City.
U. Awardee shall monitor all subcontracted services on a regular basis to assure contract
compliance. Results of monitoring efforts shall be summarized in written reports and
supported with documented evidence of follow-up actions taken to correct areas of
noncompliance. Awardee shall cause the applicable provisions of this Agreement to be
included in, and made a part of, any subcontract executed in the performance of this
Agreement. Executed copies of all subcontracts entered into by Awardee shall be
forwarded to the City, along with documentation concerning the selection process.
VH. DEBARMENT AND SUSPENSION
Awardee certifies that Awardee or its principals:
A. Are not presently debarred, suspended, proposed for debarment, declared ineligible, or
voluntarily excluded from participation from covered transactions by any federal state or local
department or agency;
B. Have not within a three (3) year period preceding this Agreement been convicted of or
had a civil judgment rendered against them for commission of embezzlement, theft,
forgery, bribery, falsification or destruction of records, making false statement(s) or
receiving stolen property;
C. Are not presently indicted for or otherwise criminally charged by a governmental entity
(Federal, State or local) with commission of any of the offenses enumerated above, and;
D. Have not within a three (3) year period preceding this Agreement had one (I) or more
public transactions (Federal, State or local) terminated for cause or default.
VIII. REMEDIES ON DEFAULT
In accordance with 2 CFR 200, Awardee agrees that in the event the City determines that a
breach of this Agreement has occurred, the City may exercise any and all of its rights and
remedies under applicable regulations, including the right to terminate this Agreement and
recapture or terminate any and all HOME Funds allocated under this Agreement. More
specifically:
A. If the City determines that Awardee has materially failed to comply with any provision
of this Agreement, or with any rules, statutes, regulations, or ordinances referred to
herein, the City will notify Awardee in writing and hand -deliver, with written receipt
evidencing the date and time of delivery, or send by certified mail, return receipt
requested, such Notice of Default to the party designated to receive such Notices in
Section V of this Agreement. For purposes of this section, the term "materially" means
"an important or essential term of the Agreement."
B. The City will allow Awardee the opportunity to demonstrate compliance with the
Agreement requirements in question. Awardee shall offer evidence of such compliance
within thirty (30) days from receipt of the written Notice of Default. Substantial
compliance shall not constitute compliance with the terms and conditions of this
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Agreement unless the City expressly agrees to the substantial compliance in writing.
C. If Awardee fails to demonstrate to the City that it has fulfilled the requirement(s), the
City may, in addition to imposing any of the special conditions specified in 2 CFR 200,
take corrective or remedial action(s) as follows:
1) Corrective or remedial action will be designed to prevent a continuation of the
deficiency, mitigate any adverse effects, and prevent recurrence of the
deficiency.
2) Corrective or remedial action may include:
a. Temporarily withholding cash payments pending correction of the
deficiency by Awardee.
b. Specific activities required by the City to correct the deficiency and to be
accomplished by Awardee in a specified time frame.
c. Canceling or revising activities may affect the performance of this
Agreement and create a deficiency in the original Agreement and may
be grounds for making this contract void, and trigger remedies available
to the City under this Agreement and/or HOME Program regulations.
d. Reprogramming any balance of HOME Funds made available under this
Agreement from deficient activities, or any activity funded under this
Agreement, to other eligible activities.
e. Suspension of HOME fund disbursements for deficient activities, or any
activities funded under this Agreement and subsequent termination of
this Agreement in its entirety.
f. Termination of this Agreement in its entirety and requiring that Awardee
repay to the City any and all HOME Funds advanced under this
Agreement.
g.
Removing Awardee from participation in any future allocations of HOME
Funds from the City.
h. Taking other remedial actions that may be legally available to the City.
D. In the event Awardee dissolves the organization, ceases to exist, or becomes unable for
any reason to fulfill its obligations under this Agreement, the City will require Awardee
to fully repay to the City any and all amounts advanced under this Agreement.
E. Notwithstanding any other provision of this Agreement, should there be any fraud,
misrepresentation, embezzlement, or any other criminal activity associated with this
Development, the City may pursue all legal and equitable remedies available to it against
Awardee.
F. Any decision regarding corrective, remedial, legal or equitable remedies or actions to be
taken regarding this Agreement or Development shall be at the sole option and absolute
discretion of the City. A decision by the City to pursue one course of action shall not
constitute a waiver of any other course of action the City may pursue under this Section
VIII, Remedies on Default.
G. Pursuant to 24 CFR 92.205(e), should this Agreement be terminated before completion of
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the Project, either voluntarily or otherwise, any HOME Funds invested in the
Development that is the subject of this Agreement shall be repaid to the City's HOME
Investment Trust Fund in accordance with 24 CFR 92.503(b).
IX. TERMINATION
Pursuant to 2 CFR 200, the City may terminate this Agreement upon thirty calendar (30) days
prior written notice to Awardee contact person indicated in Section V of this Agreement. The
notice of termination shall set forth the reasons for such termination, the effective date of
termination, and in the case of partial termination the portion of the award to be terminated.
However, in the case of partial termination, if the City, in its sole discretion, determines that the
remaining portion of the funding provided under this Agreement will not accomplish the purposes
for which the award was made, the City may terminate the award in its entirety under paragraph A
of this section, Section VIII, or 2 CFR 200.
X. MISCELLANEOUS PROVISIONS
A. The officials who executed this Agreement hereby represent and warrant that they have
full and complete authority to act on behalf of the City and Awardee, respectively, and
that their signatures below, the terms and provisions hereof, constitute valid and
enforceable obligations of each.
B. This Agreement shall be executed in the original, and any number of executed copies. Any
copy of this Agreement so executed shall be deemed an original and shall be deemed
authentic for any other use.
C. The parties may amend or modify this Agreement at any time, provided that such
amendment(s) or modification(s) make specific reference to this Agreement, and are
executed in writing by a duly authorized representative of both parties. Such
amendment(s) or modification(s) shall not invalidate this Agreement, nor relieve or release
the parties from their obligations under this Agreement.
D. The terms and conditions of this Agreement shall be binding upon the parties hereto, their
respective successors and assignees.
E. Nothing contained in this Agreement is intended to, or shall be construed in any manner,
as creating or establishing the relationship of employer and employee between the parties.
Awardee shall at all times remain an independent contractor with respect to the services to
be performed under this Agreement.
F. Awardee shall not assign or transfer any interest in this Agreement without the prior
written approval of the City.
G. This Agreement shall be construed according to the laws of the State of Florida.
H. Should any part, term or provision of this Agreement, or portions thereof, be determined
by a court of competent jurisdiction to be illegal, void or unenforceable, the validity of the
remaining portions or provisions shall not be affected thereby.
XI. INDEMNITY
Awardee agrees that it shall indemnify and save harmless the City, its officers, agents, directors
and employees from:
A. Any claims or losses for services rendered by any subcontractor, person or firm
performing or supplying services, materials or supplies in connection with the
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performance ofthis Agreement.
B. Any claims or losses resulting to any person or firm injured or damaged by the erroneous,
willful or negligent acts or omissions, including disregard of Federal, State, and local
statutes or regulations, by Awardee, its officers, employees or subcontractors in the
performance ofthis Agreement.
XII. TIME OF PERFORMANCE
Awardee shall commence Development activities included in Section I, Scope of Services, only
after receipt of the City Notice to Proceed. Awardee shall complete all activities included in
Section I., Scope of Services, within twenty four (24) months from the date of the Notice to
Proceed.
XIII. TERM OF AGREEMENT
This Agreement shall be in full force and effect from the date first written above and shall remain
in force for the full Affordability Period applicable to the Development assisted with HOME
Funds under this Agreement.
XIV. AMENDMENT OR MODIFICATION
THE PARTIES MAY AMEND OR MODIFY THIS AGREEMENT AT ANY TIME,
PROVIDED THAT SUCH AMENDMENT(S) OR MODIFICATION(S) MAKE SPECIFIC
REFERENCE TO THIS AGREEMENT, AND ARE EXECUTED IN WRITING BY A DULY
AUTHORIZED REPRESENTATIVE OF BOTH PARTIES. SUCH AMENDMENT(S) OR
MODIFICATION(S) SHALL NEITHER INVALIDATE THIS AGREEMENT, NOR RELIEVE
OR RELEASE THE PARTIES FROM THEIR OBLIGATIONS UNDER THIS AGREEMENT.
City Awardee
City of Clearwater Bright Community Trust, Inc.
eyW,�« 6.1.14u2s—ic
Name: William B. Horne II
Its: City Manager
Date:
o I wit3
By:
Name: Anthony Jones
Its: Chief Executive Officer/President
Date:
Federal ID Number: 59-6000289 Federal ID Number:26-2352365
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Attachment 'A'
Legal Description
EXHIBIT "A"
Legal description of the land:
That part of Lots 1 and 2, Block 21, Marymont, according to the plat thereof as recorded in Plat Book 14, Page
39, of the Public Records of Pinellas County, Florida, described as follows: Begin at the Northwest corner of said
Block 21, Marymont, run thence South 14 degrees 56 minutes East, along the Westerly line of said Block 21,
91.47 feet; thence North 75 degrees 01 minutes East, 119.36 feet; thence North 14 degrees 56 minutes West,
59.61 feet to the Northerly line of said Block 21; thence West along said Northerly line, a distance of 123.51 feet
to the Point of Beginning.
Attachment 'B'
Project Schedule
Activity
Acquisition of Property
Rehabilitation Scope of
Work and Cost Estimate
Pre -Construction Conference
Start of Construction
50% Completion
Completion
Completion Date
August 6, 2018
August 13, 2018
August 20, 2018
September 10, 2018
October 8, 2018
December 15, 2018
Attachment 'C'
BUDGET
SOURCE OF FUNDS Amount of Funds
HOME Funds (the City) $180,000.00
Total Sources:
ESES
Acquisition Cost:
Construction Cost:
Total Development Cost:
$180.000.00
$96,416.00
$83,584.00
$ 180,000.00