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Agenda - 05-02-1988
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Agenda - 05-02-1988
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BOCC
Date
5/2/1988
Meeting Type
Regular Meeting
Document Type
Agenda
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ATT 4 <br /> 056 U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOMENT <br /> GUIDE FORM OF CONTRACT FOR HOUSING CONSULTANT <br /> SERVICES FOR NONPROFIT PROJECTS UNDER SECTION 202 <br /> Carrboro Elderly Housing 1988 Fund Reservation <br /> This Agreement made this _ 25th day of April, 1988. by and between lz <br /> IpterFaith Council for Social Service. Inc,(hereinafter referred to as the Applicant) <br /> and L• Lane Sarver. Inc. (hereinafter referred to as the Housing Consultant). <br /> WHEREAS, the Applicant has formed or intends to form a nonprofit mortgagor <br /> corporation, (the term "Applicant " shall also include said mortgagor), to house <br /> elderly or handicapped families and persons in accordance with Section 202 of the <br /> Housing Act of 1959, and to make or cause to be made an application to the Secretary <br /> of Housing and Urban Development, (hereinafter referred to as Secretary), for direct <br /> loan to finance development of the project. <br /> WHEREAS, the Applicant desires to avail itself of the services of a Housing <br /> Consultant to assist and counsel the Applicant in matters affecting the initiation, <br /> processing, financing, design, construction, equipping, operations and management <br /> of the housing project. <br /> NOW, THEREFORE, the parties mututally agree as follows: <br /> 1. The Housing Consultant agrees to provide the following services for or on <br /> behalf of the Applicant in a manner satisfactory to Applicant and acceptable to the <br /> Secretary, which may include the guidance in the selection of other persons, firms <br /> or organizations with the capability of performing one or more of the services <br /> required: <br /> (a)Assist the Applicant in making an analysis of available market reports and <br /> other pertinent data to determine the type of housing for the elderly or <br /> handicapped suitable for the neighborhood or area where the project is to be <br /> located, the number of units planned and appropriate to the zoning applicable <br /> to the site and the approximate rentals to be charged and in collecting all <br /> information required to establish the feasibility of the project; <br /> (b)Assist the Applicant in selecting a suitable site for the development of a rental <br /> project for the elderly or handicapped and obtaining, if necessary, appraisals <br /> of the land from a qualified appraiser, and obtaining an option to purchase the <br /> land or otherwise arranging suitable terms for the purchase of the real <br /> property or, where appropriate, obtaining a long-term lease acceptable to the <br /> Secretary; <br /> (c)Assist the Applicant in negotiations with the Local Public Agency when the <br /> site is within an approved Urban Renewal Project area; <br /> (d) Assist in the conferences and discussions with the representatiaves of the <br /> Secretary to obtain site approval and feasibility approval of the project; <br /> (e)Assist in the selection of a qualified architect and in the negotiations for a <br /> contract to prepare preliminary and final plans and specifications and <br /> provide architectural supervision during construction; <br /> (f)Assist in the preparation of request for Section 202 funds reservation, Section <br /> 8 preliminary and final proposals, and request for direct loan financing; <br /> (g) Assist in obtaining a construction contract, either through a competitive <br /> bidding process or negotiation, which contract will incorporate the plans and <br /> specifications approved by the Secretary and provide for the construction of <br /> the project within a period allowed by the Secretary; <br /> (h)Assist in the selection of and arrangements with an attorney, to render to the <br /> nonprofit Applicant such legal services as are necessary to form an eligible <br /> nonprofit owner-mortgagor legal entity, to conclude an initial and final <br /> closing of the mortgage loan transaction; <br /> (i)Assist in organizing an eligible nonprofit owner-mortgagor entity to hold title <br /> to the real propetry, in fee or leasehold, and maintain and operate the project <br /> over the life of the mortgage in accordance with the requirements of the <br /> Secretary, Section 202 and the Regulations applicable thereto; <br /> page 1 of 3 HUD-92531-A (EH) (3-81) <br />
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