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STATE OF CALIFORNIA DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT "HCD" - (SANTA ANA ARTS COLLECTIVE, L.P. & META HOUSING PROJECT)
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STATE OF CALIFORNIA DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT "HCD" - (SANTA ANA ARTS COLLECTIVE, L.P. & META HOUSING PROJECT)
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Last modified
8/15/2017 10:54:35 AM
Creation date
8/15/2017 9:58:34 AM
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Contracts
Company Name
STATE OF CALIFORNIA DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT "HCD"
Contract #
A-2017-177
Agency
COMMUNITY DEVELOPMENT
Council Approval Date
7/5/2017
Expiration Date
7/5/2020
Destruction Year
0
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Meta Housing Corporation, City of Santa Ana, and Santa Ana Arts Collective, L.P. <br />16-AHSC-11199 <br />Page 1 of 1 <br />EXHIBIT E <br />SPECIAL TERMS AND CONDITIONS <br />AHSC Program <br />Loan for Rental Affordable Housing Development <br />The following Special Terms and Conditions are applicable to this Standard Agreement: <br />Exhibit A. Paragraph 2A —Definition of Sponsor: This provision is amended to add the following: <br />Santa Ana Arts Collective, L.P. ("LP") is an affiliate of Meta Housing Corporation ("Corp"), which <br />is the sole member and manager of Santa Ana Arts Collective, LLC, the general partner of the <br />LP. Corp and the City of Santa Ana ("City") were awarded the AHSC permanent loan funding <br />(16-AHSC-11199) contemplated by this Standard Agreement (the "AHSC Loan")pursuant to the <br />Award Letter, dated November 21,2016. The Department acknowledges that the LP will be <br />considered the ultimate borrower of the AHSC Loan funds and as such will execute the AHSC <br />Loan Documents. For the purposes of this Standard Agreement, LP, City, and Corp will be <br />collectively referred to herein as "Sponsor". As such, the LP, City, and Corp shall be jointly and <br />severally liable for all the obligations of a Sponsor as set forth herein. Performance satisfactory <br />to the Department by the LP of any duties and obligations under this Standard Agreement, and <br />any other agreements as required by the Department, by either the LP, City, or Corp will be <br />deemed as performance by the Sponsor. <br />AHSC Loan — Rantal Affordable Housing Development <br />NOFA Date: 01/29/16 <br />Approved Date: 03/09/17 <br />Prep. Date: 07/20/17 <br />
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