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1993-119-Execute Amendment To August 5, 1992, Agreement With Community Housing Developers For Operating The Below Market Price Housing ProgramRESOLUTION 1993 -119 RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS AUTHORIZING THE TOWN MANAGER TO EXECUTE AMENDMENT TO AUGUST 5, 1992, AGREEMENT WITH COMMUNITY HOUSING DEVELOPERS FOR OPERATING THE BELOW MARKET PRICE HOUSING PROGRAM WHEREAS, TOWN AND COMMUNITY HOUSING DEVELOPERS (CHD) executed an Agreement for provision of Below Market Price Housing Program services in November 1988 for the period from January 1, 1989, through June 30, 1990, and amendments to extend services through June 30, 1993; and WHEREAS, TOWN and CHD wish to amend the agreement to extend services through fiscal year 1993 -94; NOW, THEREFORE, THE TOWN COUNCIL OF THE TOWN OF LOS GATOS DOES HEREBY RESOLVE that the Town Manager be and is authorized to execute: 1) Amendment to August 5, 1992, Agreement with Community Housing Developers for implementing the Below Market Price Housing Program, attached as Exhibit A; and, 2) future amendments to the Exhibits to the Amended Agreements so long as they conform to the adopted Town budget. CSD08:A: \RES0S \CS080293.119 -1- PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of Los Gatos, California, held on the 2nd day of August, 1993, by the following vote: COUNCIL MEMBERS: AYES: Randy Attaway, Steven Blanton, Linda Lubeck, Joanne Benjamin NAYES: None. ABSENT: Patrick O'Laughlin ABSTAIN: None. SIGNED: AY OR OF THE TOWaF LOS GATOS LOS GATOS, CALIFORNIA ATTEST: CLERK OF THE TOWN OF LOS GATOS LOS GATOS, CALIFORNIA CSD08:A: \RE50S \CS080293.119 -2- 10WH CLFJM AGR:23 7u IHH: pp O RE193 "�� AMENDMENT TO AGREEMENT BY AND BETWEEN THE TOWN OF LOS GATOS AND COMMUNITY HOUSING DEVELOPERS FOR COMMUNITY SERVICES - FISCAL YEAR 1993 -94 This AMENDMENT TO AGREEMENT is entered into this day of , 1993, by and between TOWN OF LOS GATOS, a municipal corporation ( "TOWN ") and COMMUNITY HOUSING DEVELOPERS, a nonprofit corporation ( "CONTRACTOR "). WHEREAS, TOWN and CONTRACTOR executed an Agreement for services necessary to operate the Town's Below Market Price Program from January 1, 1989, through June 30, 1990, and executed Amendments to the Agreement to continue services through June 30, 1993; and WHEREAS, the Town Council and Community Housing Developers wish to continue this contractual relationship for the Council- approved program; NOW, THEREFORE THE PARTIES AGREE: 1. The term of the contract shall be extended from July 1, 1993, through June 30, 1994. 2. Exhibit E Section 1.01- Payments to Contractor is amended to require submittals and payment as follows: Semi - Annual Performance Report Due Payment Date (July- December) January 15, 1994 30 Days after receipt of report. (January -June) July 15, 1994 30 Days after receipt of report. 3. The terms and conditions of the original Agreement and the subsequent amendment, except as herein amended, shall remain in full force and effect. IN WITNESS WHEREOF, the parties have executed this Amendment to the Agreement for community services on the date written above, effective July 1, 1993. APPROVED AS TO FORM: Larry E. Anderson Town Attorney ATTEST: Marian V. Cosgrove Town Clerk APPROVED AS TO CONTENT: =13:A: \CONTRACT \COMN00S.DEV TOWN OF LOS GATOS David W. Knapp Town Manager COMMUNITY HOUSING DEVELOPERS Ronald P. Morgan Executive Director