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SHIP Agreement FY 2014-2015 • G2°/5--a9og/ SHIP AGREEMENT SHIP Fiscal Year 2014-2015 THIS AGREEMENT, entered into this day of J61 , 2016, by and between the CITY OF MIAMI BEACH, a Florida municipal corporation, having its principal office at 1700 Convention Center Drive, Miami Beach, Florida, (hereinafter referred to as the City), and the MIAMI BEACH COMMUNITY DEVELOPMENT CORPORATION, a Florida not-for-profit corporation (hereinafter referred to as MBCDC)and MBCDC/THE JEFFERSON, INC., a Florida not-for-profit corporation, a/k/a MBDC/THE JEFFERSON CORPORATION(The Jefferson),each having their principal office located at 945 Pennsylvania Avenue, Miami Beach, Florida. WITNESSETH: WHEREAS,the State Housing Initiatives Partnership(SHIP)Program,administered through the Florida Housing Finance Corporation, was established by the 1992 William E. Sadowski Affordable Housing Act to stimulate the production of housing Statewide; and WHEREAS, the City received a total of $262,729 of SHIP Program funds for Fiscal Year 2014-2015; and WHEREAS, a minimum of 75 percent of the City's SHIP allocation must be expended in construction-related activities; and WHEREAS, a minimum of 30 percent of overall funds must benefit households earning up to 50 percent Area Median Income (AMI) or very low-income households; and WHEREAS,a minimum of 30 percent of overall funds must benefit households earning up to 80 percent AMI or low-income households; and WHEREAS, the Jefferson Apartments, a 27-unit residential apartment building located at 542 Jefferson Avenue(the Jefferson Apartments), is owned by The Jefferson, which is a wholly- owned subsidiary of MBCDC, and serves households earning no greater than 80 percent AMI; and WHEREAS, The Jefferson purchased the Jefferson Apartments pursuant to that certain Warranty Deed, dated May 7, 1997, and recorded in O.R. Book 17663, Page 4674, of the Public Records of Miami-Dade County, Florida,which Warranty Deed contained a scrivener's error, in that, the deed depicts The Jefferson's name as MBDC/The Jefferson Corporation, instead of MBCDC/The Jefferson, Inc.; and WHEREAS, the Jefferson Apartments is in need of rehabilitation including the replacement of its roof, the replacement of an air conditioning unit located on the roof, and upgrades and repairs to the nine units located on the building's third floor; and WHEREAS,the rehabilitation of the Jefferson Apartments is estimated to cost$135,464 and would enable the City to partially satisfy its obligation to serve very low- and low-income households while also partially satisfying its obligations to ensure that 75 percent of SHIP funds are used for construction-related costs; and WHEREAS, MBCDC and the The Jefferson are requesting $91,955.15 in FY 2014-15 SHIP funds for the needed repairs to the Jefferson Apartments; and 1 WHEREAS, the use of SHIP funds will enable the City to extend the affordability period for the Jefferson Apartments by 30 years, thereby ensuring its ongoing use as affordable housing for those with the lowest income; and WHEREAS, on June 10, 2015, the Mayor and City Commission approved Resolution No. 2015-29051, authorizing the Mayor and the City Clerk to execute the following SHIP program agreement between the City and The Jefferson for the use of FY 2014-2015 SHIP funds; and WHEREAS, The Jefferson and MBCDC (collectively referred to herein as MBCDC/Jefferson),jointly and severally agree to comply with all terms and conditions of this SHIP Agreement. NOW, THEREFORE, in consideration of the mutual promises contained herein, the parties hereto incorporate the above recitals as part of this Agreement and agree as follows: ARTICLE I BACKGROUND The State Housing Initiatives Program (SHIP) provides funds via formula distribution to communities within the state for the purpose of promoting home ownership and providing accessible, affordable housing for very low- and low-income households. ARTICLE II BUDGET AND SCOPE OF SERVICES MBCDC/Jefferson will utilize$91,955.15 of SHIP Fiscal Year 2014-15 funds; as set forth in the Scope of Services in Exhibit "A", attached hereto and made a part hereof by reference (hereinafter referred to as the Funds) solely for the rehabilitation of the Jefferson Apartments as delineated in the Scope of Services. ARTICLE III PROGRAM INCOME With the exception of rental income, MBCDC/Jefferson agrees that any SHIP Program Income generated from the use of the Funds under this Agreement,or funds repaid for any reason, is to be returned to the City. ARTICLE IV SPECIAL PROVISIONS UNDER THE SHIP PROGRAM MBCDC/Jefferson expressly agrees to the following terms and conditions in conformity with the SHIP Program Rule: (a) Affordability Period. The period of time SHIP assisted units must remain affordable is for a minimum of thirty(30)years, in accordance with the SHIP Program Rules and the City of Miami Beach Local Housing Assistance Plan (LHAP). (b) MBCDC/Jefferson warrants and represents to the City that they maintain a financial management system that conforms to the financial accountability standards of the Office of 2 • Management and Budget(OMB) Circular A-110. (c) Records: MBCDC/Jefferson agrees to maintain all records sufficient to meet the requirements of the SHIP Program Rule, including, but not limited to:SHIP Program records, project records, and SHIP Program administration records. All records required herein shall be retained and made accessible for a period of at least five (5) years after closing, as provided in the SHIP Program Rule, and Florida Statutes Chapter 119. (d) Property Standards. For the duration of this Agreement, and any amendments hereto, housing that is assisted with SHIP funds, at a minimum, must meet the Housing Quality Standards of CFR Section 882.109. (e) Affirmative Marketing. MBCDC/Jefferson acknowledges that it is unlawful to discriminate on the basis of race, creed, color, religion, age,sex, sexual orientation, marital status,familial status, national origin or handicap. MBCDC/Jefferson agrees to maintain affirmative marketing procedures and requirements, in writing, for SHIP assisted housing, as set forth in Chapter 67-37 F.A.C. ARTICLE V ELIGIBLE COSTS MBCDC/Jefferson agrees that eligible costs for under this Agreement are limited to those construction-related expenses delineated in the Scope of Services attached herein. ARTICLE VI METHOD OF PAYMENT (a) The funds shall be paid to MBCDC/Jefferson on a reimbursement basis and shall be processed within ten(10)days of receipt with required documentation as delineated in the Scope of Services. (b) Any payment or disbursement of Funds under this Agreement may be withheld at the City Manager's(or his authorized designee's)sole discretion pending the receipt of,and approval by the City, of all reports and documents which MBCDC/Jefferson are jointly required to submit to the City pursuant to the terms of this Agreement, including, without limitation, Exhibit A hereto. ARTICLE VII SUBCONTRACTS [Intentionally Omitted] ARTICLE VIII CONDITIONS OF SERVICE (a) MBCDC/Jefferson shall comply with the regulations of the SHIP. (b) Equal Opportunity: MBCDC/Jefferson shall comply and be governed by the Equal Opportunity and Fair Housing laws. No person in the United States shall on the grounds of race, color, national origin, religion, disability or sex be excluded from participation in, or be denied the benefits of or be subjected to discrimination under any program or activity funded in whole or in part with SHIP Program funds. 3 (c) Housing purchased or assisted with SHIP funds shall be subject to testing and abatement activities for lead-based paint. (d) MBCDC/Jefferson shall comply with those other statutes, regulations and executive orders, as same may be amended, and as set forth in Exhibit "B", attached hereto and herein incorporated by reference. ARTICLE IX TERM OF AGREEMENT This Agreement shall be deemed effective following approval by the Mayor and City Commission and execution of same by the parties hereto. The City and MBCDC/Jefferson mutually agree that the Funds are reserved for MBCDC/Jefferson for the designated time period as follows: (a) The SHIP Funds allocated for Fiscal Year 2014/2015, in the amount of$91,955.15, are to be used by November 30, 2015. (b) The Funds must be expended by November 30, 2015. Upon expiration of the Agreement, any unused portions will revert to the City. ARTICLE X [Intentionally omitted] ARTICLE XI AMENDMENTS Any amendments, alterations, variations, modifications or waivers of any provisions to this Agreement, including an increased allocation of Funds or extension of the Term, will only be valid when they have been reduced to writing and duly signed the both parties hereto. Any changes which do not substantially change the Scope of Services or increase the total amount payable under this Agreement, shall be valid only when reduced to writing and signed by the City Manager(or his designee) and MBCDC/Jefferson. ARTICLE XII CONFLICT OF INTEREST (a) MBCDC/Jefferson shall comply with the standards contained within the SHIP Program Rule. (b) MBCDC/Jefferson shall disclose any possible conflicts of interest or apparent improprieties of any party that is covered by the above standards. MBCDC/Jefferson shall make such disclosure, in writing, to the City Manager or his/her authorized designee immediately upon MBCDC/Jefferson's discovery of such possible conflict. The City will then render an opinion which shall be binding on all parties. (c) Related Parties. MBCDC/Jefferson shall report to the City(through its City Manager or his/her designee) the name, purpose, and any other relevant information in connection with any related-party transaction. This includes, but is not limited to, dealing with a for-profit subsidiary or 4 affiliate organization, an organization with overlapping board of directors, or an organization for which MBCDC/Jefferson is responsible for appointing members. MBCDC/Jefferson shall report this information to the City prior to forming the relationship or, if already formed, shall report it immediately. ARTICLE XIII INDEMNIFICATION AND INSURANCE MBCDC/Jefferson shall indemnify and hold harmless the City(through its City Manager or his/her authorized designee)from any and all claims, liabilities, losses, and causes of action which may arise out of an act, omission, negligence or misconduct on the part of MBCDC/Jefferson or any of its officers, directors, employees,agents, servants, contractors, subcontractors, consultants and sub consultants, patrons, guests, clients,and/or invitees. MBCDC/Jefferson shall pay all claims and losses of any nature whatsoever in connection therewith and shall defend all suits in the name of the City, when applicable, and shall pay all costs and judgments which may issue thereon. This indemnification shall survive termination and/or expiration of this Agreement. MBCDC/Jefferson shall maintain, during the term of this Agreement,the insurance specified below. (1) General Liability: $1,000,000 combined single limit for bodily injury and property damage,for each occurrence. (2) Contractual Liability: the policy must include coverage to cover the above indemnification. (3) Automobile and vehicle coverage, in the amount of $1,000,000 per occurrence, shall be required when the use of automobiles and other vehicles are involved in any way in the performance of the Agreement, including non-owned automobile coverage. (4) Workers' Compensation Coverage as per statutory limits required by the State of Florida. MBCDC/Jefferson shall submit to the City ORIGINAL certificates of insurance for the above coverage, with the City of Miami Beach, Florida named as an additional insured. All insurance coverage shall be approved by the City's Risk Manager prior to the release of any Funds under this Agreement. Further, in the event evidence of such insurance is not forwarded to the City's Risk Manager within thirty (30) days after the execution of this Agreement, this Agreement shall become null and void, without further notice to MBCDC required, and the City shall have no obligation under the terms thereof. In the event of such automatic termination, MBCDC shall immediately return the entire amount of the Funds to the City. ARTICLE XIV REPORTS (a) Pro gress Reports. MBCDC/Jefferson agrees to submit monthly progress reports to the Department Director, Office of Housing And Community Services (or his/her authorized representative), describing the status of this Program and achievement of the Program objectives (as provided in the Scope of Services in Exhibit"A", attached hereto). The progress reports shall be submitted no later than ten(10)days after the end of each month, and shall continue until such time as all Funds are expended. (b) It will be the responsibility of MBCDC/Jefferson to notify the Department Director, Office of Housing and Community Services(or his/her authorized representative)in writing, of any action, 5 law, or event that will impede or hinder the success of the Program. After such notification MBCDC/Jefferson will take whatever actions the City deems appropriate to ensure the success of the Program. If the required reports described above are not submitted to the City, or are not completed in a manner acceptable to the City, the City may withhold further payments until they are completed and/or revised, or may take such other action as it may deem appropriate including, without limitation, termination of the Agreement. ARTICLE XV AUDIT AND INSPECTIONS At any time during normal business hours, upon 48 hours notice given to MBCDC/Jefferson, and as often as the City Manager and/or his/her authorized representatives may deem necessary,in their respective sole discretion, there shall be made available to the City; to audit, examine and make audits of, all contracts, invoices, materials, payrolls, records of personnel, conditions of employment, and any or all other data or records relating to all matters covered by this Agreement. If during the course of its monitoring, the City determines that any payments made to MBCDC/Jefferson do not constitute an allowable expenditure, the City will have the right to deduct/reduce those amounts from their related invoices. MBCDC/Jefferson must maintain records necessary to document compliance with the provisions of this Agreement,for at least five(5)years after the close of the fiscal year in which the Funds reserved hereunder are fully expended. ARTICLE XVI COMPLIANCE WITH LOCAL STATE AND FEDERAL REGULATIONS MBCDC/Jefferson shall comply with all applicable Federal and State regulations, as applicable to Program administration; specifically including, but not limited to, the SHIP Program Rule(s) Additionally, MBCDC/Jefferson will comply with all State and local laws and ordinances hereto applicable. ARTICLE XVII MISCELLANEOUS CONDITIONS (a)It is expressly understood and agreed by the parties hereto that monies contemplated by this Agreement, to be used for compensation originated from grants under the SHIP Program and are contingent upon approval of activities by the State of Florida. (b) Title and paragraph headings are for convenient reference and are not a part of this Agreement. (c) In the event of conflict between the terms of this Agreement and any terms or conditions contained in any attached document, the terms in this Agreement shall have precedence. (d) No waiver or breach of any provision of this Agreement shall constitute a waiver of any subsequent breach of the same or any other provision hereof, and no waiver shall be effective unless made in writing. 6 ARTICLE XVIII ACCESS TO RECORDS Upon 48 hours prior notice, MBCDC/Jefferson agrees to allow access, during normal business hours, to all financial records to authorized Federal,State or City representatives including, but not limited to, for the purposes set forth in Article XV herein; and MBCDC/Jefferson agrees to provide such assistance as may be necessary to facilitate the conduct of a financial or operational audit by any of these representatives. MBCDC/Jefferson shall also allow access during normal business hours to all other records, forms, files, and documents which have been generated in performance of this Agreement, to those personnel as may be designated by the City, and or State and/or Federal representatives. ARTICLE XIX SEVERABILITY OF PROVISIONS If any provision of this Agreement is held invalid, the remainder of this Agreement shall not be affected thereby if such remainder would then continue to conform to the terms and requirements of applicable law. ARTICLE XX PROGRAM PUBLICITY MBCDC/Jefferson agrees that any news release or other type of publicity pertaining to the project as stated herein must recognize the City as the recipient funded by the Florida Housing Finance Corporation, under the State Housing Initiatives Partnership (SHIP) Program and administered by the Office of Housing & Community Services of the City of Miami Beach as the entity which provided funds for the particular project. ARTICLE XXI SUCCESSORS AND ASSIGNS MBCDC/Jefferson agrees that this Agreement shall be binding upon the parties herein,their heirs, executors, legal representatives, successors, and assigns. ARTICLE XXII INDEPENDENT CONTRACTOR MBCDC/Jefferson and its employees and agents shall be deemed to be independent contractors and not agents or employees of the City, and shall not attain any rights or benefits under the Civil Service or Pension Ordinances of the City, or any rights generally afforded classified or unclassified employees; further they shall not be deemed entitled to the Florida Workers' Compensation benefits as an employee of the City. ARTICLE XXIII ASSIGNMENT This Agreement may not be assigned or transferred by MBCDC/Jefferson without the prior written consent of the City. The City may terminate this Agreement for cause in the event that MBCDC/Jefferson does not strictly comply with the procedures established herein for obtaining City consent to assignment or transfer as defined by this Article. A merger, dissolution, consolidation, conversion, liquidation or appointment of a receiver for MBCDC/Jefferson, shall also be deemed an 7 assignment of this Agreement, and will require the prior written consent of the City thereto. ARTICLE XXIV TERMINATION FOR CAUSE AND/OR FOR CONVENIENCE The City may place MBCDC/Jefferson in default of this Agreement and may suspend or terminate this Agreement, in whole or in part, for cause. "Cause" shall include the following: (a) Failure to comply and/or perform in accordance with any of the terms and conditions of this Agreement, or any Federal, State or local regulation; (b)Failure to submit any required report to the City or submitting any required report which is late, incorrect, or incomplete in any material respect; (c) Implementation of this Agreement, for any reason, is rendered impossible or infeasible; (d) Failure to respond in writing within thirty (30) days of notice of same from City to any concerns raised by the City, including providing substantiating documentation when requested by the City; (e)Any evidence of fraud,waste or mismanagement as determined, by the City's monitoring of project(s) under this Agreement, or any violation of applicable SHIP Program Rules and regulations, or of any applicable City, State, County, and/or Federal laws, ordinances, code provisions, ordinance and/or other regulations; (f) MBCDC/Jefferson's insolvency or bankruptcy; and (g)An assignment or transfer of this Agreement or any interest therein which has not been approved by the City pursuant to Article XXIII herein. If the default complaint is not fully and satisfactorily cured within thirty(30)days of receipt of such notice of default to MBCDC/Jefferson, at the expiration of said thirty(30)day period (or such additional period of time as may be permitted by the City, in its sole discretion, as required to cure such default in the event MBCDC/Jefferson is diligently pursuing curative efforts), this Agreement may, at the City's sole option and discretion, be deemed automatically canceled and terminated,and the Funds shall immediately become due and payable to the City, and shall bear interest from such time until paid, at the annual rate of eighteen percent(18%)or the highest rate allowable under the laws of the State of Florida, whichever is less ("Default Interest Rate"). Notwithstanding the foregoing, if the default is of a nature that cannot be cured, such as perpetrating a fraud or making a material misrepresentation in connection with the performance of this Agreement, the termination shall be effective upon receipt of the termination notice and no cure period shall apply. Upon any termination for cause, the City shall further be fully discharged from any and all liabilities,duties and terms arising out of, or accruing by virtue of, this Agreement. In the event of a default for cause, the City may also, at its option, suspend, in whole or in part, any and all of MBCDC/Jefferson's other grant award(s); recapture those funds; and avail itself of any other remedies that may be available at law or in equity. Notwithstanding this Article XXIV,this Agreement may be terminated by the City, in whole or in part, without cause and for the City's convenience, upon the furnishing of thirty(30)days written notice to MBCDC/Jefferson. In the event of termination for convenience by City, MBCDC/Jefferson 8 herein acknowledges and agrees that it shall not have any claim, demand, or cause of action of whatsoever kind or nature against the City, its agents, servants and employees. ARTICLE XXV ADDITIONAL REMEDIES In the event of termination of this Agreement,whether for cause or for convenience,the City shall additionally be entitled to bring any and all legal and/or equitable actions,which it deems to be in its best interest, in Miami-Dade County, Florida, in order to enforce the City's rights and remedies against MBCDC/Jefferson. The City shall be entitled to recover all costs of such actions, including reasonable attorney's fees. Further, the City and MBCDC/Jefferson hereby knowingly and intentionally waive the right to jury trial in any action or proceeding that City and MBCDC/Jefferson may herein institute against each other with respect to any matter arising out of or relating to this Agreement or the Funds. ARTICLE XXVI MAINTENANCE AND RETENTION OF RECORDS MBCDC/Jefferson agrees that it will maintain all records required pursuant to Chapter 67-37, F.A.C., in an orderly fashion in a readily accessible, permanent and secure location, and that it will prepare and submit all reports necessary and to assist the City in meeting record keeping and reporting requirements hereunder. (a) Records shall be maintained for a period of five (5) years after the closeout of funds under this Agreement except as provided herein in paragraphs (b) and (c) below. (b) If any litigation, claim, negotiation, audit or other action has been started before the regular expiration date, the records must be retained until completion of the action and resolution of all issues which arise from it, or until the end of the regular period specified in paragraph (a), whichever is later; (c) Records regarding project requirements that apply for the duration of the period of affordability, as well as the written agreement and inspection and monitoring reports must be retained for five years AFTER the required period of affordability. ARTICLE XXVII LIMITATION OF LIABILITY The City desires to enter into this Agreement only if in so doing the City can place a limit on the City's liability for any cause of action for money damages due to an alleged breach by the City of this Agreement, so that its liability for any such breach never exceeds the sum of the Funds reserved hereunder, less any amount of the Funds actually paid to MBCDC/Jefferson by the City at the time of the alleged breach. MBCDC/Jefferson hereby expresses its willingness to enter into this Agreement with MBCDC/Jefferson's recovery from the City for any damage action for breach of contract to be limited to a maximum amount of the Funds, less any amount, in whole or in part, of the Funds actually paid to MBCDC/Jefferson by the City at the time of the alleged breach. Accordingly, and notwithstanding any other term or condition of this Agreement, MBCDC/Jefferson hereby agrees that the City shall not be liable to MBCDC/Jefferson for damages in an amount in excess of the Funds, less any amount, in whole or in part, of the Funds actually paid to MBCDC/Jefferson by the City at the time of the alleged breach,for any action or claim for breach of contract arising out of the performance or non-performance of any obligations imposed upon the 9 City by this Agreement. Nothing contained in this paragraph or elsewhere in this Agreement is in any way intended to be a waiver of the limitation placed upon the City's liability as set forth in Florida Statutes, Section 768.28. ARTICLE XXVIII VENUE This Agreement shall be governed by, and construed in accordance with, the laws of the State of Florida, both substantive and remedial,without regard to principles of conflict of laws. The exclusive venue for any litigation arising out of this Agreement shall be Miami-Dade County, Florida, if in state court, and the U.S. District Court, Southern District of Florida, if in federal court. BY ENTERING INTO THIS AGREEMENT, MBCDC/JEFFERSON AND THE CITY EXPRESSLY WAIVE ANY RIGHTS EITHER PARTY MAY HAVE TO A TRIAL BY JURY OF ANY CIVIL LITIGATION RELATED TO, OR ARISING OUT OF, THIS AGREEMENT. ARTICLE XXIX ADDITIONAL CONDITIONS AND COMPENSATION It is expressly understood and agreed by the parties hereto that monies contemplated by this Agreement to be used for the purposes described herein, originated from grants of State Housing Incentives Partnership (SHIP) Program funds, and must be implemented with all of the applicable rules and regulations of the Florida Housing Finance Corporation. It is expressly understood and agreed that in the event of curtailment or non-production of said SHIP Program funds, that the financial sources necessary to continue to pay the Funds hereunder will not be available and that this Agreement will thereby automatically terminate effective as of the time it is determined that said funds are no longer available. In the event of such determination, MBCDC/Jefferson agrees that it will not look to, nor seek to hold liable, the City or any individual member of the City Commission thereof, personally for the performance of this Agreement and all parties hereto shall be released from further liability each to the other under the terms of this Agreement. ARTICLE XXX NOTICES All notices shall be sent to the parties at the following addresses: City: Maria L. Ruiz, Director Office of Housing & Community Services City of Miami Beach 1700 Convention Center Drive Miami Beach, FL 33139 MBCDC: Beatriz Cuenca-Barberio, Executive Director of Miami Beach Community Development Corporation and MBCDC/The Jefferson, Inc. 945 Pennsylvania Avenue Miami Beach, FL 33139 The above parties may change such addresses at any time upon giving the other party 10 written notification. All notices under this Agreement must be in writing and shall be deemed to be served when delivered to the address of the addressee. All notices served by mail shall be registered mail, return-receipt requested. THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK. 11 IN WITNESS WHEREOF,The parties hereto have caused this Agreement to be executed by their duly authorized official(s), on the day and year first above written. MIAMI BEACH COMMUNITY ATTEST: DEVELOPMENT CORPORATION, INC. A Florida not-for-profit corporation 1 1 . It5., riti) •:%, Beatriz Cuenca-Barberio Core rew'- hairman Executive Director ATTEST: MBCDC/THE JEFFERSON, INC. a Florida not-for-profit corporation a/k/a MBDC/THE JEFFERSON CORPORATION S MiginC":2----B11,-A, ign !---. :,.;-\v\0, Ourre-r----- ..ix..,--\- -b- 1--e, (--clelYt2,e..),,a.ncallocri 1-1-0 _19,-.\,--1-4P Print Name/Title Print Name/Title €M(t r"te NI-e -0V, CITY OF MIAMI BEACH ATTEST: / ft wan,Immitio A -,, ri •A \ B. --iq % ' / ., R-fael . Granado, City • - �� .5, , Philip LeCtineya ,or y • "'{,> / YI * WCORP ORATED: \;`4••• ,� ,P� H APPROVED AS TO �- _ FORM & LANGUAGE ` ci- r)Ja y & F• EXECUTION•.---z-2.7_, ..:. \-- ' (----,el' a { Date City Attorney ,∎∎IT EXHIBIT A Scope of Services Services to be Provided/Scope of Service: MBCDC will conduct the following repairs at the Jefferson Apartments: • Replace the roof • Replace air conditioning unit located on the roof • Rehabilitate the bathrooms and kitchens of each of the 9 units located on the third floor Expenditure Deadline: MBCDC acknowledges and agrees that Funds provided under this Agreement shall be expended, documented and invoiced to the City prior to November 30, 2016. Unexpended Funds: If Funds which have been allocated are not expended by the term of the Agreement, the remainder of these Funds will revert to the City. Payment: The City will reimburse MBCDC upon the provision of evidence of eligible expense for costs approved within the attached project budget. Required Documentation: Reimbursements will be processed with the submission of the following documentation to demonstrate the incurrence of expense: 1. Completed Monthly Progress Report form (template provided digitally by the City) 2. Completed Reimbursement Request form (template provided digitally by the City) 3. Certified A/A G702 form executed by the Project Architect and Project Contractor 4. City of Miami Beach Building Permits and related inspections for project 5. Release of Lien for the portion of work being reimbursed and properly dated and executed by the releasing party(ies) 6. Cancelled check(s)for the value of the reimbursement request(back and front of cancelled check) Processing Time: MBCDC will submit completed reimbursement packages. The City will process reimbursements in an expedited manner to ensure that checks are processed no later than three (3) days from receipt if the submission is complete and accurate. 13 EXHIBIT B OTHER REQUIREMENTS As the City of Miami Beach is providing this funding through the SHIP program, MBCDC agrees to comply with the following statutes, regulations and executive orders, as may be amended. These requirements are incorporated herein by reference: 1. Freedom of Information and Privacy Acts - Freedom of Information Act(5 U.S.C. 552), and the Privacy Act of 1974 (5 U.S.C. 552a) 2. Equal Opportunity -Title VI of the Civil Rights Act of 1964 (42 U.S.C. 2000d)and 24 CFR Part 1 - Title VIII of the Civil Rights Act of 1968 (42 U.S.C. 3601) - Executive Order 11063, as amended by Executive Order 12259 - Executive Orders 11246, 11265, 12138 and 12432 - Section 3 of the Housing and Urban Development Act of 1968 (12 U.S.C. 170) - Section 504 of the Rehabilitation Act of 1973 (29 U.S.C. 794) - The Age Discrimination Act of 1975 (42 U.S.C. 6101) -The Fair Housing Amendments Act of 1988 3. Lead-Based Paint - Lead Based Paint Poisoning Prevention Act(42 U.S.C. 4801, et seq) - HUD Lead Based Paint Regulations (24 CFR Part 35) 4. Asbestos - Asbestos Regulations (40 CFR 61, Subpart M) - U.S. Department of Labor Occupational Health and Safety(OSHA)Asbestos Regulations (29 CFR 191.1101) 5. Handicapped Accessibility -Architectural Barriers Act of 1968 (42 U.S.C. 4151 and 24 CFR Part 41) 6. Additionally, all parties agree to comply with all existing federal, state and local laws and ordinances hereto applicable, as amended. 14 EXHIBIT C SCHEDULE OF WORK The work to be performed under this contract must be completed as demonstrated by a Final Inspection by the Building Department and issuance of a Certificate of Completion on the schedule as follows: June 30, 2016: Execute funding agreement July 5 - 8, 2016: Execute contractor agreements July 11 —August 31 2016: Roof/Air Conditioning Replacement July 11, 2016: Order kitchen cabinets August 15— November 15, 2016: Kitchen Rehabilitation of Units 301, 302, 303, 304, 305, 306, 307, 308, and 309. November 30, 2016: Project completion (CC obtained) 15 EXHIBIT D PROJECT BUDGET 16 Miami Beach Community Development Corportion MBCDC:The Jefferson Apartments,Inc. 542 Jefferson Avenue,Miami Beach.FL 33139 AMENDED BUDGET TO INCLUDE A/C STAND REPLACEMENT(9 ORIGINAL BUDGET KITCHENS/BATHS) Una Item Per Unit Total Per Unit Total Roof Replacement $ 3,977.78 1 $ 35,800.00 $ 3,977.78 $ 35,800.0C Replacement 7.5 Ton AC' $ 933.33 1 $ , 8,400.00 $ 3,050.00 $ 27,450.00 $ Kitchen Measurement $ $ Permits $ 400.00 9 $ 3,600.00 5 511.11 $ 4,600.00 Demolition $ - $ Measurements,Cabinets,hardware,countertop,sink and fixtures and Installation $ 6,050.00 9 5 59,515.00 $ 5,761.00 $ - 51,849.00 Appliances $ 1,000.00 9 $ 9,000.00 $ Installation $ - $ - Bathroom vanity,medicine cabinet and fixtures $ 800.00 9 $ • 7,200.00 $ 600.30 $ 5,400.00 • TOTAL Construction $ 12,161.11 $ 123,515.00 $ 13,899.89 $ 125,099.00 $ Contingency a 3% $ 548.96 $ 4,940.60 $ 399.03 $ 3,591.29 Project Manager at 30%of time for 3 months $ 294.67 $ 2,652.00 $ 294.67 $ 2,652.00 Administration $ 454.17 S 4,087.50 $ 454,17 $ 4,087.50 Total Other $ 1,297.79 $ 11,680.10 $ 1,147.87 $ 10.330.79 $ TOTAL $ 13,458.90 5 195,195.10 $ 15,047.75 $ 135,429.79 'Original budget did not include replacement of 26 AC stands which are needed because the existing ones are In poor condition. I,