HomeMy WebLinkAboutA8613 - West Hollywood Community Development Corp (WHCHC)F- n
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Contract CIT Y Ur r "
Company Name: West ftIT =26;oar 6hikbevelopment Corportation(WHCHC)
Company Contact: Jesse-S"�y, -Pte 'e_' At CEO
Summary of Services: Exclusive Negotiating Agreement —Amendment No.1
For 1.75 acres at W. Stevens Road and N. Palm Canyon Drive.
(Agave at Palm Springs)
Contract Price: No Funds Required. Agreement to negotiate only.
Funding Source: N/A
Contract Term: Negotiating Period Extended By 180 Days until October 28, 2021
Contract Approvals
City Manager Approval Date:
Agenda Item No./ Resolution Number:
Agreement No: A8613
Contract Administration
Lead Department: Community & Economic Development
Contract Administrator: Jay Virata, Director
Contract Compliance
Exhibits:
N/A
Signatures:
Yes
Insurance:
N/A
Bonds:
N/A
CONTRACT ABSTRACT
Contract prepared by: Jay Virata
Submitted on: April 28, 2021 By: Annie Rodriguez, Housing Program Assistant
EXCLUSIVE NEGOTIATING AGREEMENT
AMENDMENT NO. 1
WEST HOLLYWOOD COMMUNITY HOUSING CORPORATION
This Amendment No. 1 to Agreement A8613, an Exclusive Negotiating
Agreement by and between the CITY OF PALM SPRINGS, a California charter city and
municipal corporation ("City"), acting in its capacity as Housing Successor Agency, and
WEST HOLLYWOOD COMMUNITY HOUSING CORPORATION, a California non-profit
community development corporation (the "Developer" or "WHCHC") for the properties
located at the southwest corner of W. Stevens Road and N. Palm Canyon Drive,
consisting of approximately one and seventy-five one hundredths (1.75) acres and
currently owned by City (the "Site"). The site consists of two (2) parcels: 1) parcel with
Assessor's Parcel Number (APN) 505-182-010 known as the "Reservoir Property",
owned by the City of Palm Springs and 2) parcel with APN 505-182-004 known as the
"Casa del Camino Property" owned by the City of Palm Springs acting as Successor
Agency to the former Community Redevelopment Agency of the City of Palm Springs.
RECITALS
WHEREAS, the City and Developer entered into an Exclusive Negotiating
Agreement on November 2, 2020, for properties located the Site ("ENA"); and
WHEREAS, the ENA establishes a Negotiating Period of 180 days for the City
and Developer to diligently and in good faith negotiate the terms of a DDA for the
development of an affordable housing project at the Site;
WHEREAS, the Negotiating Period of 180 days will expire on May 1, 2021,
unless extended;
WHEREAS, Developer's application for No Place Like Home funds from the
State of California requires Developer to demonstrate site control through the award of
funding which is anticipated by Summer 2021.
WHEREAS, Section1.2 of the ENA allows the City Manager to extend the
Negotiating Period for two (2) additional, ninety (90) day periods, totaling 180 days, by
written amendment to the ENA; and;
WHEREAS, Developer has requested the City Manager extend the Negotiating
Period for 180 days to comply with the No Place Like Home funding requirements.
NOW, THEREFORE, the City and Developer do hereby mutually agree as
follows:
AGREEMENT
The Negotiating Period is hereby extended by 180 days until October 28,
2021.
2. All other terms and conditions of the ENA shall remain unchanged and in
full force and effect.
[SIGNATURES ON FOLLOWING PAGE]
IN WITNESS THEREFORE, these parties have executed this Amendment No. 1
as of the dates stated below.
CITY OF PALM SPRINGS
\ - �Ak� Date: "t �c
Justin C ' n, City MaVager C�)
APPROVED AS TO FORM:
N.
Jef Key- 9 EiallirwjVr-, City Attorney
ATTEST:
West Hollywood Community Development Corporation
7530 Santa Monica Boulevard
West Hollywood, CA 90046
Date: IZA° -'•4
Jesse Slansky, President and CEO