Res 1992-087 - Laserfiche WebLink

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EXHIBIT A PERFORMANCE ST A TEMEf\If City of San Marcos Contractor shall carry out the following activities in the target area identified on the map in its 1990 Housing Development Fund application: Affordable New Housinq Contractor shall contract with a neighborhood-based, non-profit organization to implement an Affordable Housing Program which shall construct ten (1O) new, single family units on lots owned and deeded by the City of San Marcos in the Victory Gardens and Dunbar neighborhoods. Each housing unit shall consist of a maximum of nine hundred fifty square feet (950 sq.ft.) with a mortgage loan program based on the construction costs associated with each housing unit at an average cost of Twenty Three Thousand and NoJ100 Do\\ars ($23,000), and not to exceed ThIrty Thousand and No/10O Dollars ($30,000) per unit. These activities shall benefit forty (40) persons, of which forty (40) or one hundred percent (100%) are of low to moderate income. Contractor shall utilize Two Hundred Thirty Thousand and No/100 Dollars ($230,000) of contract funds to complete these construction activities. Acquisition Contractor shall deed ten (1O) lots valued at Seventy-seven Thousand Seven Hundred Fifty and No/10O Dollars ($77,750) to carry out all acquisition of needed real property, easements and/or rights-of-way in compliance with the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 197O (42 U.S.C. Sec. 4601 etseq.) and HUD implementing regulations (49 C.F.R. part 24). Administration Contractor shall utilize Twenty Thousand and No/100 Dollars ($20,000) of contract funds to carry :Jut all project administration activities, including the cost associated with the required annual program compliance and fiscal audit. It is further understood that any costs above this contract amount incurred by Contractor for these activities shall be paid for with local funds. Page 1 of 1