Project Description/Eligible Costs Clause Samples

Project Description/Eligible Costs. Funding provided under this Agreement shall be used for eligible development costs incurred on behalf of the development of Trestle ▇▇▇▇ (“Project”). Located at ▇▇▇ ▇ ▇▇▇▇▇▇, on unincorporated County land near the Town of Colma (“Property”), the Project consists of approximately 119 affordable housing units. The number of affordable housing units shall not be reduced without the prior written consent of the County. Any such reduction without the consent of the County shall be a breach of this Agreement. Overall total project costs for both phases are preliminarily estimated at $46.9 million. Funds provided under this Agreement are from the U.S. Department of Housing and Urban Development (HUD). As such, use and disbursement must be done in accordance with federal requirements, described in Exhibit E and in the Conditions for Approval outlined in the Environmental Assessment for this Project, prepared July 20, 2005 and approved July 26, 2005 by the Director. Any relocation of occupants must be undertaken according to procedures and requirements of the Uniform Relocation Act. Funds under this Agreement are being disbursed following successful completion of the HUD-required environmental review under the National Environmental Protection Act (NEPA), including the HUD issuance of an Approval for Release of Funds. Eligible costs shall include Project development costs incurred by Contractor after the date of completion of the Environmental Review under the National Environmental Protection Act (NEPA) for the Project. Contractor shall provide a list of Project development costs for County Staff review and approval prior to incurring the costs.

Project Description/Eligible Costs. In consideration of the payments set forth in Exhibit B, Contractor shall be receiving construction financing under CalHFA Construction Loan, which requires a construction contingency. Funds under this Agreement will be used for General Construction Contingency cost. General Construction Contingency cost will be used for the following items, when or if actual costs exceed original estimates and to pay for unexpected development cost not covered by other funds. Including but not limited to windows, flooring, cabinets, countertops, appliances, blinds, drapes, signage, mailboxes, fire alarm system and other overages in construction above and beyond the original costs estimates. All change order request shall be submitted and approved by the County before requesting reimbursement. County Department of Housing (DOH) and Contractor understand that the above- referenced costs are estimates and subject to variability. Should there be a substantial change in work scope activities and/or estimated costs (defined as 10%+ variance in line item cost estimate), Contractor shall inform DOH in writing for DOH review and approval. DOH will make the determination of substantial change in the event of uncertainty. Unless otherwise noted herein, funding is provided in the form of a loan in accordance with terms described below. Funding provided in this agreement is from the following sources: CDBG HOME HOME CHDO RESERVE (15%) OTHER TOTALS FY 09-10 $ $ $145,488 $ $

Project Description/Eligible Costs. In consideration of the payments set forth in Exhibit B, Contractor shall perform the following services: Eligible costs associated with relocation of residents on the Property at ▇▇▇ ▇▇ ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇ (“Property”) in preparation for the development of approximately 108 units of multi-family housing (“Project”). Eligible costs, include, but are not limited to: relocation consultant, required noticing costs, replacement housing search costs, and costs related to temporary and permanent housing assistance including moving and related costs, rent payments and differentials, and as necessary, downpayment assistance for home purchase. Contractor will comply with federal and state relocation requirements. Federal requirements are summarized in a subsequent section herein this Exhibit.

Project Description/Eligible Costs. In consideration of the payments set forth in Exhibit B, Contractor shall provide the following services: Reconstruction of the Fair Oaks School athletic Field and installation of new turf. Total estimated project cost $575,000. If any work performed under this Agreement involves construction, rehabilitation, or any physical improvement work, Contractor agrees that such work shall be carried out in accordance with all applicable local and State laws and regulations. Reconstruction of the Fair Oaks School athletic Field and installation of new turf. 75,000 FY 12 -13 $75,000 $0 $75,000

Project Description/Eligible Costs. In consideration of the payments set forth in Exhibit B, Contractor shall provide the following project development services delineated in the table below to assist in development of approximately 108 units of multifamily housing (“Project”) at ▇▇▇ ▇▇ ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇ (“Property”). The Project development is contemplated as two phases for financing purposes, but will be constructed at the same time. Relocation 342,500 342,500 Demolition 47,272 47,272 Off‐site Improvements 340,414 340,414 Onsite Improvements 229,626 229,626 Site Prep (inc. above) 0 Legal/Accounting 67,779 67,779 Arch/Eng Fees 386,252 386,252 County Department of Housing (DOH) and Contractor understand that the above- referenced costs are estimates and subject to variability. Should there be a substantial change in work scope activities and/or estimated costs (defined as 10%+ variance in line item cost estimate), Contractor shall inform DOH in writing for DOH review and approval. DOH will make the determination of substantial change in the event of uncertainty. Unless otherwise noted herein, funding is provided in the form of a loan in accordance with terms described below. Funding provided in this agreement is from the following sources: CDBG HOME TOTALS 2. HOME Match Contribution. For housing projects receiving HOME assistance, prior to the start of construction Contractor shall provide DOH with written information confirming the type and amount of HOME match contribution that will satisfy the 25% HOME match contribution requirement. No later than DOH project close-out, Contractor shall provide documentation that it has met the 25% HOME match contribution requirements. As Project is HOME-assisted, the minimum HOME match is $154,328. Parties to this agreement have identified the HOME match in the amount of at least: $ $154,328 in the form of: To be determined .