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HomeMy WebLinkAbout1062 Islay Address FileRECORDING REQUESTED BY First American Title Insurance Company c CIPY ot Document recordsd WHEN RECORDED, MAIL TO on . { ' ,21-cl G- as No' Has not been co rnpared wt th r.liiginal. JULIE L. HODIIIJALD'CgUiUTviriFt ii.iITCORDERArnold Jonas, Director Community Development City of San Luis Obispo 990 Palm Street San Luis Obispo, CA 93401-3249 APN: 003-544-017 AFFORDABILITY AGREEMENT/DEED OF TRUST COVENANTS THIS AGREEMENT is made and entered into on this tl&day of May ,lgg6,by and between the City of San Luis Obispo ("City'' or "Lender") and Aids Support Network, a California non-profit corporation (.'ASItf' or "Owned'). RECITALS A. CITY has loaned to ASN Community Development Block Grant ("CDBG') funds to acquire certain property as described in Exhibit A (attached hereto and incorporated herein), and hereinafter referred to as the "Property." B. ASN intends to administer said property to provide rental housing affordable to low- or moderate income persons living with HIV or with Aquired Immune Deficiency Syndrome (ArDS). C. CITY and ASN desire to assure that the dwellings in this rental housing project remain affordable to low and moderate income persons for period of not less than 30 years. NOW, TF{EREFORE, the parties acknolwedge and agree as flollows: ARTICLE 1. DEFTNITIONS. i .01. "Persons living with HIV or AIDS" means persons who have been AJfordability Agreement Page 2 ofs diagnosed by a physician as having HIV or AIDS and their immediate families or spouses, whose incomes do not exceed 80 percent of County median income adjusted for family size by the Sate Department of Housing and Community Development' 1.02. "Afiicrdable" means residential rental costs which conform to standards issued by the Community Development Director of the City of San Luis Obispo and updated periodically to reflect state or federal housing cost indices- 1.03. "Eligible Household" means a household where one or more of the household members have been diagnosed by a physician with HIV or AIDS' 1.04. ..HUD" shall mean the U.S. Department of Housing and Urban Development and its staff. ARTICLE 2. USE RESTRICTIONS. 2.01. These affordability requirements shall be covenants running with the land as defined in California Civil Code section 1460. Pursuant to Civil Code section 1468 which governs such covenants, the provisions of this Agreement shallbe binding upon all parties having any right, title, or interesiin the Property, or any portion thereof and on their heirs, successors in interest and assigs for a period of 30 (thirty) years from the date of close olescrow. The parties agree that all futu." deeds or transfers of interest regarding the Property shall show the restrictions of this Agreement for as long as the Agreement is in effect. 2.02. ASN, by and for itself and any successors in interest, convenants and agrees that for the period of time specificied in this Agreement there shall be no sale, lease, rental, or other transfer of the property except for the rental of individual apartments to eligible low- or moderate income p.rroni with HIV or AIDS, and their immediate families and spouses. Any sale, lease rental, or other transfer of the Property in violation of this covenant shall be void- 2 03. lf atransfer of title occurs as a result of foreclosure or deed-in-lieu of for".lorure of the first deed of trust, the affordability restrictions shallbecome permanently void. 2.04. The Property shall be used for affordable rental housing, and apartments shall be rented only to eligiblehouseholds, consistent with the CITY'S Affordable Housing Standards, on file in the Community Development Department, for the term of this agreement, unless an alternate use is approved for the Property by the CITY pursuant to HIJD rule 24 CFR 570-505. ARTICLE 3. GENERAL. 3.01 . Notices required to be sent to CITY shall be sent by certified mail, return receipt requested, to the following address: Affordability Agreement Page 3 of a Community DeveloPment Director City of San Luis ObisPo 990 Palm Street San Luis ObisPo, CA9340l-3249 3.02. ASN hereby specifically acknowledges and agrees to be bound by the covenants regarding affordability on the the Property contained herein' AIDS SUPPORT ORK: resident,oard of Directors \.g^-- Barbara Marcum, Treasurer a (Notary Seal) T AMER I$c9 + ) STATE OF CALIFO A COUNTY OF 5.,//-4QOn , before me, personally app "ursd(-nz,4 Z-,fulb (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s) or the entity upon behalf of which the person(s) acted, executed the instrument. WITNESS my hand and official seal Signature MARY GRDEN c0MM #1053839 Notary Public-California San Luis 0bisoo Countu My Comm. Exp. t\iarch 26, i 999 {./7-46 o. of Pages Other signatures not acknowledged Title of Document Date of Document 3008 (1/94) (General) First American Title lnsurance Company (This area for official notarial seal) Affordability Agreement Page 4 of 8 CITY OF SAN LUIS OBISPO: ity Administrative Officer APPROVED AS TO FORM AND LEGAL EFFECT STATE OF CALIF RNIA ss. COUNTY OF SAN LUIS OBISPO CINDYPtrG Conmhdon I lo9ltn l.lotdy R.blc - Ccfiorb Sql LdsObkpoCourfy MyConm. Epls llcr 17,2trD ) ) ) 0n April 30, L996, before me, CINDY PILG, a Notary Public in and for said- County and State, personally appeared JOHN DUNN and JEFFREY JORGENSEN personally known to me to be the persons whose names are subscribed- to the within instrument and acknowledged to me that they executed the same in their authorized capacities, and that their signatures on the instrument the persons, or theeentityrrlrPon behalf of which the persons acted, executed the instrument. WITNESS MY HAND AND OFFICIAL SEAL. Signature John Dunn, AfFordability Agreement Page 5 of 8 CERTIFICATE This is to certifo that the interest in the real property described in Exhibit A and conveyed by the Affordability Agreement/Deed of Trust Covenants dated 4 nb from Aids Support Network, a non-profit California Corporation, to the City of San Luis Obispo, a Charter Municipal Corporation, is hereby accepted by the Council of the City of San Luis Obispo, pursuant Resolution No. 8190 (1993 Series), adopted July thereof by its duly authorized officer. undersigned officer or agent on behalfofthe to the authority granted by City Council 6, 1993, and the grantee consents to recordation CITY OF SAN LUIS OBISPO ia .9.c{A City Administrative Officer Date (Notary seal) STATE OF CALIFORNIA SS. COUNTY OF SAN LUIS OBISPO On April 30, L996, before me, CINDY PILG, A Notary Public in and for said- County and State, personally appeared JOHN DUNN personally known to me to be the person whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his authorized capacity, and that his signature on the instrument the person, or the entity upon behalf of which the person acted, executed the instrument. WITNESS my hand and official seal. ) ) ) CINOYPfC Conrnhdoo| l(Dl!f,! l.lolqytublc-Cdcrfi son LGObbpo Co(.rft tr,lyCorrm. Eplec ttrto 17.tm John D Signature Page 6 of 8 Thg priqlary Eoal of the project. is tg_,p1ovjde affordable, supportive. housing specifically desig.ned -to.allow Persons ^t-tu+g.-Yith ArDS (pLWA;s) io'i"rui" *-in?"p"ndenr aspossible.during.the course of theiiillness while <bntinuing to reside in ttrecou'nty of SanLuis. Obispo. The project targets_PlWA's who are either in ttre low or roO"ot" incomelevel in conforman." *iq HlJDeligibtity requirements. All nine unit *ifi U" usd for lowand moderate income residents. No unit willbe resenred for a resiAent propory **.go. R9sid.9$s w{l .!e. ry9Jidg." uult"ty of services and will participate in the process toestablish an individual housing plan-unique to each PLV/A.'Pri;;t- rupportir" serviceswill focus on benefirs counseling, aimed it gguitizingrqidents' incorir" bi;G"ritflr.r ,lisources of income have been accessea. Residents will also be provided ritpport t"Tudve to l.ffiullg^adeguate health care, which will,3llow independent lifing rG;-i-d"g; p"ri"d ;itime. Referrals to the appropriate eqtities for both meOicat *O pri"tro6gifi;*dr will bemade by the ASN Social Services Coordinator. $ft5r-e.ntering^the housing prcgram, each resident will be re-evaluated on an ongoing basisincluding " ?.9 d"v evalu4ion, a 90 day evaluation, ;d ; ri* rontrr euj.ta'tion. racnevaluation will serve to indicate which needs continusto be unmel AIDS Support Network EXHIBIT A Project Description Adriance Court 1062 A, B, & C, Islay street and 1531 D E F G H & r Santa Rosa Street San Luis Obispo, CA fhg gitY of San Luis obispo is the prefened site location of the facility due to the access toheatth and medical servi-ces. The number of families to Gn"ni h"* tlt" ;r"j*t ;;estimatedat 13 - l5peryear. ---- ------ --- r The San Luis. Obispo County AIDS Support.Network will be the agency reqponsible foroperating and managing ttre.propos4^project. ,!e_ gelcy tras"proiiAJ supportives9rvic911g all persons fi.uioe wittr rnv disiase or AIDS in'ttre'counrf"i 5- L"ir:btirp"since 1984 and operated aresidenrial housing program since 1991. J - The AIDS luppott Network and the Housing Authorip of the City of San Luis Obispohave worked very closely in the last few yeais attemptihg m trouse'as m*V p*pf. li"fi; P.0. Box 12158 . San Luis Obispo, CA 93406 . (805) 781-3660 . l-800491-9141 Hage / ot g EXHIBIT A w_ittr^AIDS as possible. The Housing Authority has committed Section 8 vouchers to thepro.Ject. The AIDS Support.Network recognizes the need of partnerships with other entities toprovide comprehensive services. Eiamples of establish& purtn"rfiipr incfuO", The Residential Housing program will benefit various cot sroup li"irt;tdtion in-wtricfi-r"*i"o .* be provided " " $l!t*?,ffi,,1il0!!""'#1r13. " The AIDS S^upport Network works in coordination with area physicians, the San LuisCountv AIDS Task Force, the AIDS case tvtanagemenli*bgn*^*o otheri in assessing aclient"s need for volunteer ."0 io"i"r ;rG&;t"irriir!'assistance. ASN coordinatesvolunteer services to effectively assist and enhance i"-h;;professionat caie prwided bythe San Luis obiqpo county Home Health agency, opn-oii Cd;;;fr;r"heatth careproviders. J> -- -^-^ qrv vurvr I The agency also works directlv with the E@ Homeless Shelter, fte Salvation Army, SLOTransition!, Iflc., California Iilen's Colo-ny, the County img ano Alcohol program, andMental Health Services. working. closely" wirh F""riii -sLii..r- a;*,'#;cy clienrsreceive affordable cou.nplng seriices. neferrals rt" *ia" io many area agencies such asthe Department of Social Seiices, and Hospice-oT s- ruir obispo.. Speclfic to housing,the ASN Sociat Services Coordinator and tiouift M;,rg;ent Assistint "tr"nd montrrlymeetings of the Hom_eless Ariiance,.a gofp 9f d*'n;,ft-rd;;i", il;ilii,'"on."*.awith low income housing resources in San i"ir ouiipr-ioi,"ry. Affiordability Agreement Page 8 of 8 EXHIBIT A portion of Lots 16,17 and 18, Block 172 of the Dallidet Addition to the City of San Luis Obispo, in the City and County of San Luis Obispo, California, more commonly known as the Adriance Court Apartments, located at l062lslay Street and l53l Santa Rosa Street, San Luis Obispo, California. (Assessor's Parcel Number 003-544-017) jvLASN.DOC 1 e e e Crdei No. Escrow No. Loan No. WHEN RECORDED MAIL TO: Communi.ty DevelopmenL Di.recLor Ci.ty of San Lui.s Obl.sPo 990 Palm SLreet San Lui.s Obi.sPo, CA 9340L-3249 'lt':'i3 H-*B Y.t D oc u rrrent Recorded 1 I 5-A=-{t&as No ,':, \r i)gilt i C.'J{llileiEd 'eilh orrgirieii tl;itili,.^,i L, t:l0likT\r 0l-i:R K-!lEC0a!)[R SPACE ABOVE THIS LINE FOR RECORDER'S USE DEED OF TRUST WITH ASSIGNMENT OF RENTS (LONG FORM) This DEED OF TRUST, made thi s day of , between AIDS SUPPORT NETWORK, A california non-prof iL corporation herein called TRUSTOR' whoseaddressis 1204 Nipomo sLreet San Luis Obispo Californl'a 93401 (Number and Sreetl (CrtY) (State) FTRST AMERICAN TTTLE INSURANCE COMPANY a California corporation, herein called TRUSTEE, and CITY OF SAN LUIS OBISPO, a charter munici.pal corporation , herein called BENEFICIARY WITNESSETH: That Trustor grants to Trustee in Trust, with Power of Sale, that property in the county of san Lui.s obi.spo , state of california, described as: porLi,on of Lots 16, 17 and 18, Block I72 of the Dalli-det Addi'tion LotheCi.tyofSanLuis0bi-spo,i.ntheCi.tyandCountyofSanLuis Obi.spo, Ca1i.forni.a, more commonly known as the Adriance Courl Apart- ments, located at 1062 Islay Street and I53l Santa Rosa SEreeL, San Lui.s Obi.spo, Cali.f orni.a (Assessor's Parcel Number 003-544-0I7 ) ' IHIs trgl o: 1R5T Is .IfiIm IN uol TO Effi F IRJST REffiDI}G M'ruRRB{TLY FEREI{il}I ATO IS TO REMD IN IHIru PO'SITI$. together with the rents, issues and profits thereof, subject, however, to the right, power and authority hereinafter given to and co'nferred upon Beneficiary to collect and apply such rents, issues and profits, for the purpose of securing (1) payment of the sum of $206,000.00 with interest thereon according to the terms of a promissory note or notes of even date herewith made by Trustor, payable to order of Beneficiary, and extensions or renewals thereof, (2) the performance of each agreementbf rrustor incorporated by reference or contained herein and (3) payment of additional sums and interest thereon wtiich may hereafter be loaned to Trustor, or his successors or assigns, when evidenced by a promissory note or notes reciting that they are secured by this Deed of Trust. A. To protect the security of this Deed of Trust, Trustor agrees: (1) To keep said property in good condition and repair; not to remove or demolish any building thereon; to complete or restore promply and in gooi ano workmanlike manner any building which may be constructed, damaged or destroyed thereon and to pay when due all claims for labor performed and materials furnished therefor; to comply with all laws affecting said property or requiring any alterations or improvements to be made thereon; not to commit or permit waste thereof; not to commit, suffer or permit any act upon said property in violation of law; to cultivate, irrigate, fertilize, fumigate, prune and 1 193 (1/94) Page 1 of 4(continued on reverse side) (6) That upon default by Trustor in payment of any indebtedness secured hereby or in performance of any agreement hereundet Beneficiary may declare all sums secured hereby immediately due and payable by delivery to Trustee of written declaration of default-and demand for sale and of written notice of default and of election to cause to be sold said property, which notice Trustee shall cause to be filed for record. Beneficiary also shalldeposit with Trustee this Deed, said note and all documents evidencing expenditures secured hereby. After the lapse of such time as may then be required by law following the recordation of said notice of default, and notice of sale having been given as then required by law, Trustee, without demand on Trustor, shall sell said property at the time and place fixed uy it in said notice of sale, either as a whole or in separate parcels, and in such order as it may determine, at public auction to the highest bidder for cash in laMul money of the United States, payable at time of sale. Trustee may postpone sale of all or any portion of said property by public announcement at such time and place of sale, and from time to time thereafter may postpone such sale by public announcement at the time fixed by the preceding postponement. Trustee shall deliver to such'purchaser its deed conveying the property so sold, but without any covenant or warranty, express or implied. The recitals in such deed of any matters or facts shall be conclusive proof of the truthfulness thereof. Any person, including Trustor, Trustee, or Beneficiary as hereinafter defined, may purchase at such sale. After deducting all costs, fees and expenses of Trustee and of this Trust, including cost of evidence of title in connection with sale, Trustee shall apply the proceeds of sale to payment of: all sums expended under the terms hereof, not then repaid, with accrued interest at the amount allowed by law in effect at the date hereof; all other sums then secured hereby; and the remainder, if any, to the person or persons legally entitled thereto. (7) Beneficiary, or any successor in ownership of any indebtedness secured hereby, may from time to time, by instrument in wriiing, substitute a successor or successors to any Trustee named herein or acting hereunder, which instrument, executed by the Beneficiary and duly acknowledged and recorded in the office of the recorder of the county or counties where said property is situated, shall be conclusive proof of proper substitution of such successor Trustee or Trustees, who shall' without conveyance from the Trustee predecessor, succeed to all its title, estate, rights, powers and duties. Said instrument must contain the name of the original Trustor, Trustee and Beneficiary hereunder, the book and page where this Deed is recorded and the name and address of the new Trustee. (g) That this Deed applies to, inures to the benefit of, and binds all parties hereto, their heirs, legatees, devisees, administrators, executors, successors and assigns. The term Beneficiary shall mean the owner and holder, including pledgees, of the note secured hereby, whether or not named as Beneficiary herein. ln this Deed, whenever the context so requires, the masculine gender includes the feminine and/or neuter, and the singular number includes the plural. (g) That Trustee accepts this Trust when this Deed, duly executed and acknowledged, is made a public record as provided by law. Trustee is not obligated to notify any party hereto of pending sale under any other Deed of Trust or of any action or proceeding in which Trustor, Beneficiary or Trustee shall be a party unless brought by Trustee. The undersigned Trustor requests that a copy of any notice of default and of any notice of sale hereunder be mailed to him at his address hereinbefore set forth. STA]E OF COUNTY OF Signature of Trustor AIDS SUPPORT NETWORK,non Signature of Trustor at i.onof i.L Cali f orni.a Cor ) iss. ) , before me,On 6. personally appeared (--2 personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by signature(s) on the in person(s) or the entity upon behalf of whlch the person(s) acted, executed the instrument. MARY GRDEN coMt/l #1053839 iiotary Public-Calif ornia San Lurs 0bispo County My Comm. Erp. March 26. 1999 N) 1 193 (1/94) Page 3 of 4 Signature my and official (continued on reverse side) CERTIFICATE This is to certifo that the interest in real property conveyed by the DEED OF TRUST dated a/.ztar/-t z- from Aids Support Network to the city of san Luis Obispo, a charter municipal corporation, is behalf of the Council of the City of San Lui hereby accepted by the undersigned officer or agent on s Obispo, pursuant to City Council Resolution Number 8190, adopted July 6th, 1993, and the grantee consents to recordation thereof by its duly authorized ofiicer. CITY OF SAN LUIS OBISPO Dated: lx-t^-. ja ,'i 4 nistrative Officer STATE OF CALIFORNIA ) COUNTY OF SAN LUIS OBISPO ) CINDY PII-G Cornrnhslon f lO9ltql Notory tublc -CdofiioSon LdsObhpo Cotrrty MyComm. Exp[es lvlor l7,m ss. On April 30, L996, before me, CINDY PILG, a Notary Public in and for said- County and State, personally appeared JOHN DUNN personally known to me to be the person whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his authorized capacity, and that his signature on the instrument the person, or the entity upon behalf of which the person acted, executed the instrument. WITNESS my hand and official seal. Signature JOHN City jh/L:sncert.wp ctf,y o[t luls ogts PL.- Project Address 1062 ISLAY A Assessor's Parcel t\umber uuJ-c44-ut / Project Description REPLACE WALL HEATER C.B.C. Type FeesBuilding Permit Plumbing+Electrical+Mechanical Permit Grading Permit s.M.t.P. Green Building Fee Demolition Permit Sign Permit MiscCharge/Credit 0.00Administrative permit Archival Fee Subtotat 62.00 lnvestigation Fees Building Plan Review Fee Fire Safety Plan Review Plan Review Subtotal 0.00 Development Review Fee Fire Safety Surcharge Fire Systems Fire Sur/Sys Subtotal 0.00 Construction Unit Tax Water lmpact 0.00 Area - Water Meter lnstallation Wastewater lmpact 0.00 Area - Traffic lmpact 0.00 Area - Affordable Housing Public Art Code Enforcement Park lmprovement Area - Engineering Development Review Fee Open Space lnlieu Fee Total Fees Balance Due Legal Description CY SLO DALLIDET ADD BL 172 PTN LTS 16 TO 18 Electrical Plumbing Sign _Demolition Grading OccupanVBusiness Name ArchitecVEngineer License # Contractor's Phone No. Contractor's State Lic. No. Project Manager's Phone No. S+1-ltZZ Lender Address Stories 0 Codes: CBC10 CEC 10 Dwelling tfiiiS-nlts 0 Motel Rooms 0 Valuation Total Building Value $0.00 -Legal Declarations Permit Type Property Owner Mailing Address City/State/Zip Contractor Mailing Address City/State/Zip Project Manager Lender Name C.B.C. Group Census Payment #1 Building X Mechanical SLO AIDS SUPPORT NETWORK PO BOX 12158 slo cA, 93406-2158 COMMUNITY ACTION PARTNERSHIP 1O3O SOUTHWOOD DR SAN LUIS OBISPO CA 93401 MICHAEL LEONARD 544-4355 623259 0.00 62.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2a - CALIFORNIA LICENSED CONTRACTOR'S DECLARATTON I hereby affirm under penalty of perjury that I am licensed under provisions of chapter 9 commencing with section 7000 of Division 3 of the Business and professions code, and my license is in full force and effect Contractor: COMMUNITY ACTION Class. B, HIC License #:623259 3a(2) - WORKERS' COMPENSATION DECLARATTON - I have and wiil maintain workers' compensation insurance as required by section 3700 of the Labor code, for the performance of the work for which this permit is issued. My workers' compensation insurance carrier and policy number are: Carrier:CYPRESS Policy#:3300053340081 Expires 07131t11 Fee Exemptions: Comments: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 62.00 0.00 62.00 05t24t11 Receipt 51571 Total Paid 62.00 Application Numberf {0408 Permit Number254g6 Application Date OStZ4t11 lssuance DateTlFZiilt- of Address File or /-: 2JZ'// :-ftCAO NCPOHT'TRANSMI] . AL This fcrm should be completed in legible handwriting. PURPOSE (Check one-se€ reverse side for required documentation) Admin Use Only - Attach additionol 43 Authorize Invitation for Bids (IFB) or Request for Proposals (RFP) Recommended Vendor Award Contract Are there any special award circumstances? If yes, a CAO Report descibing thern should be attached Other Action Requiring CAO Approval See reverse side for descriPtion SUMMARY + All formal IFB or RFP packages rrutst be a-ssigned a specifcalion rumber by Firance before submitting this form. APPROVALS Check box if review is uired-see reverse side fbr Routing will occur in the order listed unless otherwise tnted by the initiating Yes REYIEWER COMMENTS DISTRIBUTION AFTER CAO APPROVAL In the case of authorkation to invite bids (request proposdls) or to award a conttact, Administration will retum the origitnl package to the initiating department and smd a copy of the report to Filwnce (and to Public lYorks if it is a constnrction relnted project) after CAO approval. For all other CAO Reports, the initiating department should indicate below the appropriate distribution after CAO approval: SEE ATTACHED REPORT. PLEASE RETURN THE ORGINALS TO JEFF HOOK. D:rtc llcccivctl OFTRUSTDA 3t7996 COMMUNITY Initlatlne Departrnent lD.pe4p 'al $ Bld Estlmate $ Bld Atnoqnt st20t2003 Tr:arismittal Dite REFINANCINGLOAN AP ST x x jsJ I MEMORANDAM CITY OF SAN LUIS OBISPO TO: VIA: FROM: DATE: Jonathan Lowell Ken Hampian Michael DrMe, Deputy Director, Long Range Jeff Hook May 20,2003 SUBJECT: Loan Subordination Request for Adriance Apartments In 1996 the City loaned $206,000 in federal CDBG funds to Aids Support Network (ASN) to purchase the 9 unit Adriance Apartments. The term of the loan is 30 years. The City's loan is a "silent second", in third position, and principal and interest payments are waived provided that the property continues to be used for low-income housing. ASN is in compliance with the terms of the City's loan. ASN would like to consolidate two other loans it used to buy the property and refinance through Mission Community Bank. They've asked the City to subordinate its loan to the new loan of $350,000, and have included subordination agreements for the two recorded City documents: the deed of trust, and affordability agreement/deed of trust covenants. With subordination, all of the City's original covenants on the property regarding resale and affordability would continue, however they would be still be subordinated to the new loan as before, only in second rather than third position. Since the City's loan was previously subordinated, resubordination to the new loan has no material affect on the City's equity position. Refinancing wilt be advantageous to ASN, a local non-profit housing agency, by providing a lower, 77o ftxed interest rate and shortening the term of primary loan to 10 years. Recommendation: Approve the subordination request. If all is in order, Jonathan and Ken, please sign the subordination request for City of San Luis Obispo (as beneficiary) and have your signatures notarized. Please return the package to me. Thanks. Attachments: -Mission Community Bank letter -Subordination Agreements (2) -Deed of Trust jh/L/housing/ASNloansubordinationlet F= II Mission COMMLNITYBANIG April23,2003 Mr. Jeff Hook CITY OF SAN LIIIS OBISPO PLANNING DEPARTMENT 990 Palm Street San Luis Obispo, CA 93401 vrA FACSTMTLE (805.78 1.71 73) HARD COPY VIA U.S. MAIL CITY OF SAN LUIS OtsISPO APR i 4 2003 COMMUNITY DIVILOPMINT Re:REQUEST FOR SI.IBORDINATION OF DEED OF TRUST Trustor: San Luis Obispo County Aids Support Network Beneficiary: City of San Luis Obispo Your Loan Nurnber: Unknown Date of Original Loan and Amount: May 16, 1996 - $206,000 Property located at:. l062lslay Street, San Luis Obispo, CA Dear Jeff: As previously discussed, Mission Community Bank has approved a $350,000 loan for the San Luis Obispo County Aids Support Network to: 1. Consolidate two existing loans - one with The Board of Pensions of the United Methodist Church and the other with the Low Income Housing Fund; 2. Provide a7%o frxed interest rate; and 3. Shorten the term of the loan to 10 years. We are asking the City of San Luis Obispo to subordinate its Deed of Trust to our Deed of Trust for the above-referenced property. We have asked the same from the Housing Authority of the City of San Luis Obispo, and its Board recently approved the subordination of their Deed of Trust to ours. Let me know if there is anything else that you need from me to help expedite this request. I can be reached at 805.597 .6147 . Thank you! Sincerely, Gale Kordowski Loan Assistant to John Harrison lgak 581 Higuera Street, P. O. Box 789 r San Luis Obispo, Califomia 93401 t 805.782-5000 r Fax 805-782-5034 'W ctf,y otr san luls oBts'eo Building & Safety Division . 990 ProjectAddress 1062 ISLAY C Assessor's Parcel Number 003-544-01 7 Project Description REPLACE WALL FURNACE Permit Type Building X Mechanical Property Owner sLO AIDS SUPPORT NETWoRK Mailing Address PO BOX 12158 City/StateZip Contractor Mailing Address City/StateZip Project Manager Lender Name U.B.C. Group Census number slo cA,93406-21s8 U.B.C. Type V-N Building Permit Plumbing Permit Mechanical Permit Electrical Permit Grading Permit s.M.t.P. Energy Surcharge Accessibility Surcharge Demolition Permit Sign Permit Administrative Permit Miscellaneous Gharge/Credit lnvestigation Fees Microfilm Subtotal Building Plan Review Fee Fire Safety Plan Review Plan Review Subtotal Fire Safety Surcharge Construction Unit Tax Water lmpact Water Meter lnstallation Wastewater lmpact Traffic lmpact Affordable Housing Public Art 40.00 0.00 Total Fees Balance Due Paym ents . (805) 781-7180 Legal Description CY SLO DALLIDET ADD BL 172 PTN LTS 16 TO ,1 8 Electrical _ Plumbing Sign _Demolition Grading Occupant/Business Name ArchitecvEngineer License # Contractot's Phone No. Contractor's State Lic. No. a EOCTNC 1O3O SOUTHWOOD DR SAN LUIS OBISPO CA 93401 ROGER CASTLE Amount Date 08t15t0240.00 544-4355 623259 Project Manageis Phone No. Lender Address Dwelling Units 0 541-4't22 Stories 1 Codes: UBC Motel Rooms 98 NEC98 0 Valuation Fees Value ons TION: ctot's License Law for the following reason: fl 1 u" owner of the property, or my employees with wages as their sole compensation will do the work and the structure is not intended or offered for sale. l-'] 1 as owner of the property, am exclusively contracting with licensed - tdtactors to construct the project. plNot applicabte. Z. WORKER'S COMPENSATION DEGLARATION: I hereby affirm that I have a certificate of consent to self-insure, or a 'certificate of Workers' Compensation insurance, or a certified copy hereof ,l certinea copy is hereby turnished. YlCrttifita copy is frled with the City.'LJ Not applicable 3, CERTIFICATE OF EXEMPTION FROM WORKERS COMP.INSURANCE I I ceftify that in the pertormance of the work for which this permit rs rssue4 I shall not employ any person in any manner so as to become subject to the lVorj<er's Compensation Laws of California XNof applicable NOTICETO APPLICANT: lf, after making any of the foregoing declarations, you become subiect to any Labor Code or License Law provision, you must comply with such provisions or this permit shall be deemed revoked. I certify that I have read this application and state that the above information is conect, I agree to comply with all city ordinances and sfafe laws relating to building construction, and hereby authoize representatives of this city to enter upon the above-mentioned property for inspection purposes. Urless noted under "Special Conditions", this permit becomes null and void if work or construction authoized is not started within 180 days, or if construction orwork is suspended or abandoned for a peiod of 180 days any time after work is commenced. Special Conditions: Comments: Total Building al Declarati $0.00 0.00 0.00 15.70 0.00 0.00 0.00 0.00 0.00 0.00 0.00 24.30 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 40.00 0.00 Payment #1 Receiot 5275 Total Paid 40.00 Application Number 020993 Permit Number 17027 Application Date OBl15l02 lssuance Date 08/'15/02 Io Address File of Contractor,or /2- 'Mro ctty of san luls oBtsno Building & safety Division . nto eb"first Project Address 1062 ISLAY B Assessor's Parcel Number Project Description Permit Type Property Owner Mailing Address City/State/Zip Contractor Mailing Address City/StateZip Project Manager Lender Name U.B.C. Group Census number Building Permit Plumbing Permit Mechanical Permit Electrical Permit Grading Permit s.M.l.P. Energy Surcharge Accessibility Surcharge Demolition Permit Sign Permit Administrative Permit Miscellaneous Charge/Credit Investigation Fees Microfilm Subtotal Building Plan Review Fee Fire Safety Plan Review Plan Review Subtotal Fire Safety Surcharge Construction Unit Tax Water lmpact Water Meter lnstallation Wastewater lmpact Traffic lmpact Affordable Housing Public Art Total Fees Balance Due oo3-54+O17 REPLACE WALL FURNACE Building X Mechanical SLO AIDS SUPPORT NETWORK PO BOX 12158 sLo cA,93406-2158 EOCINC 1O3O SOUTHWOOD DR SAN LUIS OBISPO CA 93401 ROGER CASTLE U.B.C. Type V-N Fees Project Manager's Phone No Lender Address Dwelling Units 0 -3249 . (805) 781-7180 Legal Description CY SLO DALLIDET ADD BL 172 PTN LTS 16 TO 'I8 Electrical _ Plumbing Sign -Demolition Grading OccupanVBusiness Name ArchitecVEngineer License # Contractot's Phone No. 544-43,Ss Contractor's State Lic. No.623259 541-4',t22 Stories 1 Codes: UBC Motel Rooms 98 NEC98 0 Total Paid 40.00 Application Number 020992 Permit Number 17026 Application Date o1l15l02 lssuance Date 0a/15/02 Valuation Total Building Value I Declarations 1. OWNER I am exemptfrom Law for the following reason: ! 1 ." owner of the property, or my employees with wages as their sole compensation will do the work and the structure is not intended or offered for sale. ;1 1 as owner of the property, am exclusively contracting with licensed -foq.tractors to construct the project- Ifr Not applicable. zz'. woRxeR's coMpENsATtoN DECLARATToN: I hereby affirm that I have a certificate of consent to self-insure, or a 'certificate of Workers' Compensation insurance, or a cerlifred copy hereof fl Ceftified copy is hereby furnished. ffi-C",tin"d "opy is filed with the City. L) Not appticabte 3. CERTIFICATE OF EXEMPTION FROM WORKERS COMP. INSURANCE I I cetilfy that in the performance of the work for which this permit is issued, I shall not employ any person in any manner so as fo become subiect to the lA/orkels Compensation Laws of California ffi Not applicable.r'r NOTICE TO APPLICANT: If, after making any of the foregoing declarations, you become subiect to any Labor Code or License Law provision, you must comply with such provisions or this permit shall be deemed revoked. I ceftify that I have read this application and state that the above information is correct, I agree to comply with all city ordinances and state laws relating to building construction, and hereby authoize representatives of this city to enter upon the above-mentioned property for inspection purposes. Unless noted under "Special Conditions", this permit becomes null and void if work or construction authoized is not stafied within 180 days, or if construction or work is suspended or abandoned for a peiod of 1 80 days any time after work is commenced. Special Conditions: Comments: $0.00 40.00 0.00 0.00 0.00 15.70 0.00 0.00 0.00 0.00 0.00 0.00 0"00 24.30 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 40.00 0.00Payme Amount Date ogt'tst02 Receiot 5275 nts Payment #1 40.00 Address File of Contractor,or b {z- ,W ctf,y oc' san luls ontsno Project Address ,1062 ISLAY A Assessor's Parcel Number Project Description Permit Type Property Owner Mailing Address City/StateZip Contractor Mailing Address City/StateZip Project Manager Lender Name U.B.C. Group Census number Building Permit Plumbing Permit Mechanical Permit Electrical Permit Grading Permit s.M.t.P. Energy Surcharge Accessibility Surcharge Demolition Permit Sign Permit Administrative Permit Miscellaneous Charge/Credit lnvestigation Fees Microfilm Subtotal Building Plan Review Fee Fire Safety Plan Review Plan Review Subtotal Fire Safety Surcharge Construction Unit Tax Water lmpact Water Meter lnstallation Wastewater lmpact Traffic lmpact Affordable Housing Public Art Total Fees Balance Due Payment #1 oo3-544-O17 REPLACE WALL FURNACE Building X Mechanical SLO AIDS SUPPORT NETWORK PO BOX 12'158 slo cA, 93406-2158 EOCTNC 1O3O SOUTHWOOD DR SAN LUIS OBISPO CA 9340,I ROGER CASTLE U.B.C. Type V-N Fees Legal Description Electrical Plumbing _ Sign OccupanVBusiness Name ArchitecVEngineer License # Contractor's Phone No. S4443Ss Contractor's State Lic. No 6232s9 -9249 . (805) 781-7180 CY SLO DALLIDET ADD BL 172 PTN LTS 16 TO 'I8 Demolition Grading Building & Safety Division . 990 a Project Managefs Phone No. Lender Address Dwelling Units 0 Valuation 541-4122 Stories 1 Codes: UBC 98 NEC98 Motel Rooms 0 0.00 0.00 15.70 0.00 0.00 0.00 0.00 0.00 0.00 0.00 24.30 0.00 0.00 0.00 0.00 0.00 1. OWNER BUILDING TION: I am exempt from the contractor's License Law for the following reason: n 1 r" owner of the property, or my employees with wages as their sole compensation will do the work and the structure is not intended or offered for sale. f-l 1 as owner of the property, am exclusively contracting with licensedUp-o nya ct o rs t o c o n st ru ct th e p roj e ct. $Not applicable. 2i WORKER'S COMPENSATTON DECLARATION: I hereby affirm that I have a ceftificate of consent to seff-insure, or a 'ceftificate of Workers'Compensation insurance, or a ceftified copy hereof ,l.ceftified copy is hereby furnished. M C"nnrd "opy isfiledwith the City. LJ Not applicable 3, CERTIFICATE OF EXEMPTION FROM WORKERS COMP.INSURANCE I t ceftify that in the pertormance of the workforwhich this permit is issued, I shall not employ any person in any manner so as to become subiect to the 1Wof,<,els Compensation Laws of California p Not aPPticaote NOTICE TO APPLICANT: If, after making any of the foregoing declarations, you become subject to any Labor Code or License Law provision, you must comply with such provisions or this permit shall be deemed revoked. I cettify that I have read this application and state that the above information is conect, I agree to comply with all city ordinances and sfafe /aws relating to building construction, and hereby authoize representatives of this city to enter upon the above-mentioned property for inspection purposes. Unless noted under "Special Conditions", this permit becomes null and void if work or construction authoized is not stafted within 180 days, or if construction or work is suspended or abandoned for a peiod of 1 80 days any time after work is commenced- Special Conditions: Total Building al Declarati Value $0.00ons- (v 40 00 0.00 40.00 08t15t02 Receiot 5275 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 40.00 0.00 Total Paid 40.00 Application Number 020991 Permit Number 17025 Application Date 08fi5rc2 lssuance Date 08/'15/02 Address File Comments: Agent or Owner Date z- 'W crty o['san luls oBts1'e Building & Safety Division - v90 Palm Street . San Luis Obispo, CA 93401-3249 o (805) 781-7180 Project Address 1062 ISLAY Assessor's Parcel Number 003-54+017 Project Description REPLACE BUILDING SEWERS TO UNITS A-C Permit Type Building Mechanical Property OwneT SLO AIDS SUPPORT NETWORK Mailing Address PO BOX 1 2158 City/State/Zip Gontractor Mailing Address City/StateZip Project Manager Lender Name U.B.C- Group Census number slo cA,93406-2158 MR ROOTER OF SLO COUNTY U.B.C. Type V-N Constru n Permit Legal Description CY SLO DALLIDET ADD BL 172 PTN LTS 16 TO 18 Electrical x Plumbing Sign -Demolition Grading occupant/Business Name Architect/Engineer License # Contractor's Phone No. 545-9998 Contractor's State Lic. No.t5t Iov3547 HIGUERA S SUITE E SAN LUIS OBISPO CA 93401 KELLY BARKS R-3 Project Manager's Phone No Lender Address Dwelling Units 0 595-9998 Stories 1 Codes: UBC Motel Rooms 98 NEC98 Value $0.00 ons - 0 Valuation Fees Total Building I Declarati Building Permit Plumbing Permit Mechanical Permit Electrical Permit Grading Permit s.M.t.P. Energy Surcharge Accessibility Surcharge Demolition Permit Sign Permit Administrative Permit Miscellaneous Charge/Credit lnvestigation Fees Microfilm Subtotal Building Plan Review Fee Fire Safety Plan Review Plan Review Subtotal Fire Safety Surcharge Construction Unit Tax Water impact Water Meter lnstallation Wastewater lmpact Traffic lmpact Affordable Housing Total Fees Balance Due Payments Amount Date Receipt Total Paid 0.00 Application Number 00422 Permit Number 14515 Application Date 05/23100 lssuance Date 95723799 1. OWNER BUILDING I am exempt from the contractor's Ucense Law for the following reason: [ /, as owner of the propefty, or my employees with wages as their sole compensation will do the work and the structure is not intended or offered for sale. f-l l, as owner of the property, am exclusively contracting with licensed c"ontractors to construct the project. @J,lot applicable. 2. WORKER'S COMPENSATION DECLARATION: I hereby affirm that I have a certificate of consent to self-insure, or a 'certificate of Workers' Compensation insurance, or a certified copy hereof fl Ceftified copy is hereby furnished. ff c"ninra "opy is fited with the City. l-l Not appticabte 3, CERTIFICATE OF EXEMPTION FROM WORKERS COMP. INSURANCE I I certify that in the pertormance of the work for which this permit is issued, I shall not employ any person in any manner so as to become subject to the Workels Compensation Laws of California $ Not aPPlcatrc NOTICE TO APPLICANT: lf, after making any of the foregoing declarations, you become subject to any Labor Code or License Law provision, you must comply with such provisions or this permit shall be deemed revoked. I certify that I have read this application and state that the above information is correct, I agree to comply with all city ordinances and sfafe /aws relating to building construction, and hereby authoize representatives of this city to enter upon the above-mentioned property for inspection purposes. Unless noted under "Special Conditions", this permit becomes null and void if work or construction authoized is not stafted within 1 80 days, or if construction or work is suspended or abandoned for a peiod of 1 80 days any time after work is commenced. Special Conditions: Fees exempt per Resolution #8415 (1 995 Series) for affordable housing units. 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 o.oo Address File Comments: or 5 'W ctT"^o{ san luls ortrooJ),. Building & Safety Division . 990 Palm Street o San Luis OUspo, CA.93401-3249 o (805) 781-7180 Construction Permit Project Address 1062 ISLAY Assessor's Parcel Number oo3-54+O17 Froject Description REPLACE YARD GAS PIPING TO APTS A-C Permit Type Building Mechanical Property owner slo AlDs suPPoRT NETWORK Mailing Address PO BOX 12158 City/StateZip Contractor Mailing Address City/StateZip Project Manager Lender Name U.B.C. Group Census number sLo cA, 93406-2158 U.B.C. Type V-N Building Permit Flumbing Permit Mechanical Permit Electrical Permit Grading Permit S.M.I,P. Energy Surcharge Accessibility Surcharge Legal Description CY SLO DALLIDET ADD BL 172 PTN LTS 16 TO 18 Electrical X Plumbins - sign -Demolition -Grading OccupanUBusiness Name Architect/Engineer License # Contracior's Phone No. S2g-7837 Contractor's State Lic. No. DAVID'S PLUMBING & HEATING 2301 WINNEL AVE LOS OSOS CA 93402 DAVID ION 0.00 0.00 Permit Number 13493 Payments Amount Date Receipt 0.00 Project Manager's Phone No. S2B-7837 Lender Address Stories 1 Codes: UBC Motel Rooms 94 NEC93 Dwelling Units 0 reason: n 1 u" owner of the propefty, or my employees with wages as their sole compensation will do the work and the structure is not intended or offered for sale. [ 1 as owner of the property, am exclusively contracting with licensed contractors to construct the project. 1l Not applicable. 2. WORKER'S COMPENSATION DECLARATION: I hereby affirm that I have a certificate of consent to self-insure, or a 'certificate of Workers' Compensation insurance, or a certified copy hereof f) Cemnea copy is hereby furnished. frCeftified copy is filed with the City. Ll Not applicabte 3, CERTIFICATE OF EXEMPTION FROM WORKERS COMP. INSURANCE I I ceftify that in the pet'formance of the wor? for which this permit is issued, I shall not employ any person in any manner so as to become subject to the Worky's Compensation Laws of Califomia @'f{ot applicable NOTICE TO APPLICANT: lf, after making any of the foregoing declarations, you become subject to any Labor Code or License Law provision, you must comply with such provisions or this permit shall be deemed revoked. I certify that I have read this application and state that the above information is correct, I agree to comply with all city ordinances and sfafe laws relating to building construction, and hereby authoize representatives ofthis city to enter upon the above-mentioned property for inspection purposes. Urless noted under "Special Conditions", this permit becomes null and void if work or construction authoized is not started within 1 80 days, or if construction or work is suspended or abandoned for a peiod of 1 80 days any time after work is commenced. Special Conditions: FEES EXEMPT PER RESOLUTToN #8415 (199s SER|ES) FOR AFFORDABLE HOUSING. Comments: 532544 R-3 Demolition Permit Sign Permit Administrative Permit Miscellaneous Charge/Credit lnvestigation Fees Microfilm Subtotal Building Plan Review Fee Fire Safety Plan Review Plan Review Subtotal Fire Safety Surcharge Construction Unit Tax Water lmpact Water Meter lnstallation Wastewater lmpact Traffic lmpact Affordable Housing Total Fees Balance Due Total Paid Application Number 90421 ApplicationDate O4lZBlgg 0 Valuation Fees $0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 ,.J Address File lssuance Date 05/03/99 of Contractor,or CITY OF SAN IUIS OBISPO PERII,IIT for CONSTH UCTIONofDRIVEWAE sloEWArK CURB AND GUTTER Ne zogr [O .TION OF IfORK: Street Address DESCRIPTION OF WORK: -*- ---Construct. Concrete i. IARKS: St. between Width____ Length___ - - Width_ Length___ Da Owner _ Address Contractor Phone Final Survey by Cut Sheet by _____. Owner Notified by Form Inspection by _ C"d c -ta Y I I I i I I I I l I Driveway Construct Concrete Sidewalk Construct Curb and Gu--i(-ro Repair Date-____ Date_ Date-________ Dat",!__li__L ':i -4"X'inal fnspection by *_-______ AG NO CONCRETE IS DnpanrlrrnNT oF punrrc Wonxs, E7 this perrnit shall be in accordance with the Standard Phns and SpecificationsGutterin the Ci.ty of San Luis Obispo and the General Provisions on the reverseFORMINSPECTION IS MADE APPROVED Pnnlutran for Construction of side of this permii. GENERAL PR,OV$IONS , . 1. It is understoocl anct aSreecl^ b. y 'O: T-"^Ti:*e that the issuance of the permit shall constitute ti'" t"""piJi* of ti" p"o'nitions hereon' 2. This permit shall be postecl on tbe job site in a conspicuous place and easily ac- - n::; sharbe done in.a thorou-**i#:"filH"J:;t:|;J*H:'*H#:I H:d' ""-a"i" tf'"ff be corrected by the Permrtt ,. il3""hree shalr be T-rn-":1*r^"^_for preserving at stakes unless authorized to t' "il""" such stakes by the Eng:neer' need within sixty b. rhis permit ":l^::TTS:l "Tffi|} fi"l'T,}i",-#3""tt'i##tiiir; ii'"t e"a"' (60) days from date.or ':":l;: iiti.. rSOl days thereafter. are readv u"u "o"ii'!*;Hht; thirtv (30i davs thereaf** ' 6. rhe permittee shall remove at his "*i;"n"T:: ;*=*:lfft'"Tit:Tt'ff o"*' "*"*l a"U"fs' roots' etc'' that are encoul ':;;""";";i*nlffuf*;g**g,f,;:'"r:it*lf ,rd,ififfi *1*:li:i*ifi s:T"*H:'"T#'#ii'"#":*1ffi #:"J;lt#t,lilii iiiJ p**t! * ."".;::: T""i#:lfi:'"&#:ffi;;iol. ori*po,.:" "o" deparbment' li"rtii'tri"" is made' """':=:::'-Y.::l=iuria"r*a, intlemnifv and hold them ano .ii*"t, * employee thereof' Permittee I each of them harmless from such claim' 8' ir11.Hffifl"Tlf"$'i*"riJu*'s"drtturing the course or the worl< shall be -""- ' [#t#*L-j] ;1$g'r**rgi:]H'r-;iiq*'H:'*t$f;ii"-i""*iit"e- ^1hall not interfere wrtn the time sPecured' -$"rfl$:;*#fi *lm'****'.ffi:*'-*.f-qi{*-'.' n-ections therer e to be inspected and approved. P,equest for 1 1. Berore .p ourins* g' fi::"" ll|"tl"fr 'ril. in, advance. inspection mus' -- ' o" material and rubbish from the -9*\ 119 !2. The Permittee shall remove *-::TJ ail holes .and depressr;" ; adjacent arqas' fiil to grade with approved matenat I ls.Forfurtherprovisions,attentioniscalledtotheStandardSpecificationsforCon.t* i::r:5ffi:#Xi::i#""'"i"6"*ti""t'on curb and Gutter' . ::