Agenda - 05-02-1988 - Laserfiche WebLink

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