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HomeMy WebLinkAboutAGMT - CivicStone Inc/Seal Beach ShoresBUSINESS PLANNING CIVIL LITIGATION ESATE PLANNING MOBILEHOME LAW BRUCE E. STANTON LAW OFFICES OF BRUCE E. STANTON Via email and Mailed Victoria L. Beatley Director of Finance /City Treasurer City of Seal Beach 211 Eighth Street Seal Beach, CA 90740 LUPA OFFICE PLAZA 6940 SANTA TERESA BLVD., SUITE 3 SAN JOSE, CA 95119 January 23, 2018 File #SEA] 7047 TELEPHONE (408) 224 -4000 FACSIMILE (408) 224 -4022 JAN 26 2018 CITY CLERK CITY OF SEAL BEAC + Re: Seal Beach Shores, Inc. /Income Re- Certification for Existing Residents Dear Ms. Beatley: Please be advised that my office has been retained by Seal Beach Shores, Inc. (SBS) to replace the Dowdall Law Firm as counsel in connection with general corporate representation. I have been requested to write to you in connection with the issue of income certification for existing residents of the park. Please understand that my intention is not to be adversarial in any manner. My client wishes to maintain a cooperative and amicable relationship with the City, and to work together to fulfill the terms of the Regulatory Agreement for Seal Beach Mobilehome Park (hereinafter "the Agreement "). But to do so my client must be able to obtain and deliver the cooperation of its resident - members, which requires cooperation and mutual effort to solve. A problem has arisen in connection with the proposed new annual reporting requirements for all existing residents, even if they are not participating in the Rental Assistance Program. In the past existing residents have used a self - certification form. It is now proposed by CivicStone, Inc. that past procedure be replaced by a far more detailed reporting that shall require confidential and private financial information to be provided to the City's Oversight Agency. The estimated cost to do so will be significantly greater that what oversight agencies typically charge for their service. But of even greater concern is the effect upon the resident community. I have discussed this matter with Ken Williams at length and have examined a stack of emails and the governing documents in order to "get up to speed" on this issue. Included in these documents are notes from a "SBS Legal Compliance Meeting" held at City Hall on September 13, 2017, which were apparently prepared by Monique Eliason. These notes, which Ms. Eliason has referred to in a subsequent email as "approved Meeting Minutes ", state that "[T]he previous method of income certification (through self - certifying) was incorrect. From this date (09/13/17) forward, income certification will require a variety of financial documents including tax returns and several concurrent month bank statements as required by Title 25." A new Verification Form designed by CivicStone is now proposed. The notes go on to state that foreclosure and presumably eviction from the community would be the consequences of non - compliance. The implication from these statements is essentially that since 2001, the Regulatory Agreement has been improperly implemented. My client disagrees. Victoria L. Beatley January 23, 2018 Respectfully, my client has a different recollection of the September meeting. While annual certification was discussed, and all parties pledged to work together to achieve compliance with the "Income Occupancy Requirements' as set forth in the Agreement, it was never `agreed and accepted" by my client that these proposed new stringent, annual certification requirements were "required ", or that they would be implemented. Mr. Williams and Les Frame Management would be in no position to do so without consulting with the corporation members /shareholders to determine the likelihood that compliance would occur. In fact, based upon discussions with residents following that meeting, it is clear that existing residents are opposed to, and will not comply with such stringent reporting, and that they view the burden of disclosing tax returns and bank accounts as a significant intrusion into their private affairs and a real risk of identity theft. We thus face a potential series of nasty and expensive disputes where residents refuse to comply, and the corporation would be forced to pursue and pay for enforcement. Our common goal should be to avoid such disputes, while ensuring compliance with the Agreement. As we consider how to achieve this, it is useful to first examine what the governing documents actually require; i.e. how do they define the method of income certification? The Occupancy Requirements set forth in Section 2.1 of the Agreement require some level of income certification. But how detailed? The Agreement requires significant and detailed reporting from new residents in order to be qualified to live in the park. But what does the Agreement say is required from "Existing Residents ". Section 2.2 obligates SBS to "utilize best efforts to obtain from all Existing Residents (except for Non -Owner Residents), annual owner - occupancy certifications, in which each resident certifies under penalty of perjury that he or she owns his or her mobilehome ... and he or she occupies the mobilehome as his or her principal place of residence..." Nothing more is said here about income. Obtaining this information on an annual basis is reasonable, and should not be a problem. Section 2.1 governs the "Very Low and Moderate Income Occupancy Requirements'. "Income Certifications" is specifically used in Section 2.1 (c), but is limited to "New Residents'. The procedures for `Income Certification and Reporting" are set forth in Article 3, which appears to be the key provision. Section 3.1 begins by requiring income certifications from new residents. It continues by stating that SBS "shall also obtain, complete and maintain on file, on an annual basis, income certifications from each household participating in the Rental Assistance Program." That section describes six specific steps or types of documents that might be required of these categories of residents. But existing residents who are not applying for the Rental Assistance Program are not mentioned. In SBS, we estimate that there are 98 out of 124 spaces occupied by existing residents who in fact are not receiving rental assistance. Section 3.2 discusses an "Annual Report" to be submitted on a form approved by the City. This includes a listing of income and household size and rent paid, but does not include reference to any particular forms or procedures for income certification. Subsection (c) thereof requires copies of income certifications for any new resident households, and (d) requires copies of the non - income information required by Section 2.2 as noted above. However no further mention is made with respect to any specific reporting requirement for existing resident households. -2- Victoria L. Beatley January 23, 2018 Section 3.4, which deals with "Records ", also does not mention retention of any of the detailed information contained in the September 13, 2017 meeting notes. If any section of the Agreement would authorize or require the level new annual reporting that the meeting notes describe, it could only be found in Section 3.4, which simply states that SBS "shall provide any additional information reasonably requested by the" City. Therein lies the rub: If any existing resident not receiving rental assistance objects to the new level of annual reporting and requests citation to the Agreement language for authority to require it, there is no specific language which can be cited... other than this sentence. The key word is "reasonable ", and we should thus ask the question now if it is "reasonable" to require this level of information from a resident each and every year. There are both practical and legal considerations. First, information such as tax returns is routinely considered "privileged" and non - discoverable by the law. The Mobilehome Residency Law specifically prohibits a park owner from requiring a tax return from an applicant for tenancy. (Civil Code 798.74 (a)). In addition, Civil Code 1798.80, et seq. contains detailed provisions concerning the responsibility of a party to safeguard the privacy of personal or confidential information, and provides for significant civil penalties in the event of a breach. 1 am wondering if the City or its agent are willing to assume the risk of such heightened liability in the event such information is to be required annually. Most folks just don't trust anyone enough to disclose their bank account information in this age of identity theft. Telling residents that a declaration under penalty of perjury can no longer be trusted without more information will be viewed as an attack on their integrity. There is virtually no precedent to require them to disclose tax returns, and they would likely view any request for bank records with suspicion. Once qualified for a certain income level, it is highly unlikely that a resident's income level would change within 12 months. And if they refuse to comply, because the park is a Common Interest Development with a recorded Declaration of Covenants, Conditions and Restrictions (CCRs) the Davis - Stirling Act requirements would apply to any attempt to terminate the resident or foreclose on their home. This process requires notice, hearings and certain due process in addition to the standard legal requirements for termination and eviction. The prospect of the corporation having to engage in such legal procedures is daunting, both financially and administratively, and would create massive distrust and conflict within the community. Such should be avoided if at all possible. And it would never be productive to speak of such "threats" when trying to gain voluntary compliance from the community. There is also industry precedent which would support a less intrusive or detailed requirement for information. Wolf & Company is an Oversight Agent for some fifty (50) parks located throughout California in multiple jurisdictions. When asked, they provided information indicating that such annual detailed re- certification of existing residents is not done. Absent industry precedent, or specific language in the Agreement, it would be erroneous to conclude that the historical method of income re- certification for SBS "was incorrect', especially when they were certified every year as correct by the previous Oversight Agent, and accepted by the City. As well, SBS always passed its FICD financial audit. As stated above, the annual cost of the increased oversight being proposed must also be considered, and the projected cost of $20,000.00 far exceeds what other oversight agencies typically provide within the industry. For example, Wolf & Company typically charges a $6,500.00 flat fee annually. -3- Victoria L. Beatley January 23, 2018 In light of the above, my client respectfully requests that the Agreement should continue to be implemented and enforced as it has been in the past, and that SBS should continue to provide income certifications and re- certifications in a "reasonable" way according to the language of the Agreement and prevailing industry standards. SBS should obtain approval for this as soon as possible in order to provide annual reporting on schedule. In order to further verify the truth and veracity of the information being reported on the existing form, SBS is prepared to propose that re- certification forms also be notarized for this year's reporting. My client and I look forward to a constructive dialogue which realistically explores this issue and the practical alternatives to what shall otherwise be to SBS an unworkable, unnecessary reporting requirement. Now is the time to consider a more viable and cost - effective program. Thank you for your attention to the above. 1 am happy to have a conversation with anyone about this. Please let me now if you have any questions, and we look forward to your response. cc: Ken Williams, President Seal Monique Eliason, CivicStone, Karol K. Denniston, Esq. Les Frame Management t Between City of Seal Beach 211 8th Street Seal Beach, CA 90740 R. CivicStone, Inc. 4195 Chino Hills Parkway #267 Chino Hills, CA 91709 909.364.9000 S7296- 000112070824v3.doc This Professional Service Agreement (this "Agreement) is made as of MAY I . , 2017 (the "Effective Date'), by and between CivicStone, Inc. ( "CivicStone" or the "Consultant "), a California Corporation, and the City of Seal Beach (the "City "), a California charter city (together, the "Parties "). RECITALS A. Seal Beach Shores Mobile Home Park is a mobile home park development, located within the City (the "Park "). B. In the year 2000, the former Redevelopment Agency of the City of Seal Beach (the "Former Agency ") provided assistance in the form of certain loans and grants to LINC Community Development Corporation ( "LINC "), the then owner of the Park. C. In consideration for such financial assistance, LINC agreed to comply with certain affordable housing covenants with respect to the Park and executed, among other documents: (i) a Regulatory Agreement and Declaration of Restrictive Covenants, dated as of December 1, 2000 (as amended from time to time, the "Bond Regulatory Agreement "), and (ii) a Regulatory Agreement, dated as of December 1, 2000 (as amended from time to time, the "Loan and Grant Regulatory Agreement," and together with the Bond Regulatory Agreement, the "Regulatory Agreements "). D. Under the transaction documents executed in 2000, it was provided that there would be an appointment of an Oversight Agent and Program Administrator to assist the Former Agency regarding the monitoring of the Park's compliance with the Regulatory Agreements and to carry out certain other specified duties. E. Pursuant to the Administration and Oversight Agreement, dated as of December 1, 2000 (as amended from time to time, the "Agency Oversight Agreement'), Rosenow, Spevacek Group Inc. ( "RSG ") was appointed as the initial Oversight Agent and Program Administrator. F. Pursuant to law, the Former Agency and all other redevelopment agencies in California were dissolved as of February 1, 2012, the Successor Agency to the Seal Beach Redevelopment Agency (the "Successor Agency ") was constituted as the successor entity to the Former Agency. G. After the resignation of RSG, CivicStone became the successor Oversight Agent and Program Administrator pursuant to an Amendment No. 1 (to the Administration and Oversight Agreement), dated as of May 1, 2017, by and among the Successor Agency, the City, Seal Beach Shores, Inc. (as the successor -in- interest to LINC) and CivicStone. 2of12 S7296- 000112070624v3.doc H. The City believes that the maintenance of affordable units in the Park in the City's interest. I. The City desires assistance with respect with work to ensure that the Park's compliance with the Regulatory Agreements and other City requirements. J. In light of CivicStone's role as the Program Administrator and Oversight Agent, it would be efficient for the City to retain CivicStone as the Consultant hereunder, to provide the work described herein. K. CivicStone agrees to accept its engagement as the Consultant pursuant to the terms of this Agreement. NOW THEREFORE, in consideration of the Parties' performance of the promises, covenants, and conditions stated herein, the Parties hereto agree as follows. AGREEMENT 1.0 Scope of Services 1.1. The Consultant shall from time to time provide those services ( "Services ") set forth in the attached Exhibit A, at the request and direction of the City. To the extent that there is any conflict between Exhibit A and this Agreement, this Agreement shall control. 1.2. The Consultant shall perform all Services under this Agreement in accordance with the standard of care generally exercised by like professionals under similar circumstances and in a manner reasonably satisfactory to the City. 1.3. In performing this Agreement, the Consultant shall comply with all applicable provisions of federal, state, and local law. 1.4. The Consultant will not be compensated for any work performed not specified in the Scope of Services unless the City authorizes such work in advance and in writing. 2.0 Term This term of this Agreement shall commence as of the Effective Date and shall expire at Midnight on June 30, 2019, unless previously terminated as provided by this Agreement. 3of12 S7296 -000112070824v3. doc 3.0 Consultant's Compensation; Method of Payment 3.1. Subject to Section 3.2, the City will pay the Consultant in accordance with the fee schedule set forth in Exhibit A for all Services performed and expenses incurred in the performance of such Services; provided, that the City shall not pay any work is already invoiced and compensated under the Agency Oversight Agreement. 3.2. Payment to the Consultant pursuant to this Agreement shall not exceed $20,000.00 in the aggregate without prior City Council authorization. 3.3. The Consultant shall submit to the City monthly invoices within 15 days of the end of each month during which the Services were rendered. Each invoice shall be accompanied by a brief report summarizing services by CivicStone under this Agreement and the Agency Oversight Agreement during the covered month, differentiating work being invoiced under this Agreement and the Agency Oversight Agreement. For work being invoiced under this Agreement, the Consultant also shall describe in detail the services rendered during the period, the days worked, number of hours worked, the hourly rates charged, and the Services performed for each day in the period. 3.4. The City will pay the Consultant within 30 days of receiving the Consultant's invoice. The City will not withhold any applicable federal or state payroll and other required taxes, or other authorized deductions from payments made to the Consultant. 4.0 City Right to Inspect Records Upon 24 hours' written notice from the City, the Consultant shall allow the City or the City's agents or representatives to inspect at the Consultant's offices during reasonable business hours all records, invoices, time cards, cost control sheets and other records maintained by the Consultant in connection with this Agreement. The City's rights under this Section 4.0 shall survive for two years following the termination of this Agreement. 5.0 Termination 5.1. This Agreement may be terminated by the City, with or without cause, or by the Consultant based on reasonable cause, upon giving the other party written notice thereof not less than 14 days prior to the date of termination. In the event that the City terminates this Agreement without cause, the City will pay the Consultant its fees and reimbursable expenses incurred up to the effective date of termination. 5.2. This Agreement may be terminated by the City upon 10 days' notice to the Consultant if the Consultant fails to provide satisfactory evidence of 4of12 57296- 000112070824v3.doc renewal or replacement of comprehensive general liability insurance as required by this Agreement at least 20 days before the expiration date of the previous policy. 6.0 Party Representatives 6.1. The City Manager is the City's representative for purposes of this Agreement. 6.2. Monique Eliason is the Consultant's primary representative for purposes of this Agreement. 7.0 Notices 7.1. All notices permitted or required under this Agreement shall be deemed made when personally delivered or when mailed 48 hours after deposit in the United States Mail, first class postage prepaid and addressed to the party at the following addresses: To the City: City of Seal Beach 211 8th Street Seal Beach, California 90740 Attn: City Manager To the Consultant: CivicStone, Inc. 4195 Chino Hills Parkway #267 Chino Hills, CA 91709 Attn: Monique Eliason 7.2. Actual notice shall be deemed adequate notice on the date actual notice occurred, regardless of the method of service. 8.0 Independent Contractor 8.1. The Consultant is an independent contractor and not an employee of the City. All services provided pursuant to this Agreement shall be performed by the Consultant or under its supervision. The Consultant will determine the means, methods, and details of performing the services. Any additional personnel performing services under this Agreement on behalf of the Consultant shall also not be employees of the City and shall at all times be under the Consultant's exclusive direction and control. The Consultant shall pay all wages, salaries, and other amounts due such personnel in connection with their performance of services under this Agreement and as required by law. The Consultant shall be responsible for all reports and obligations respecting such additional personnel, including, but not limited to: social security taxes, income 5of12 S7296 -0001 M708240.doc tax withholding, unemployment insurance, disability insurance, and workers' compensation insurance. 8.2. The Consultant shall indemnify and hold harmless the City and its elected officials, officers, employees, servants, designated volunteers, and agents serving as independent contractors in the role of City officials, from any and all liability, damages, claims, costs and expenses of any nature to the extent arising from the Consultant's personnel practices. The City shall have the right to offset against the amount of any fees due to the Consultant under this Agreement any amount due to the City from the Consultant as a result of the Consultant's failure to promptly pay to the City any reimbursement or indemnification arising under this Section. 9.0 Subcontractors No portion of this Agreement shall be subcontracted without the prior written approval of the City. The Consultant is fully responsible to the City for the performance of any and all subcontractors. 10.0 Assignment The Consultant shall not assign or transfer any interest in this Agreement whether by assignment or novation, without the prior written consent of the City. Any purported assignment without such consent shall be void and without effect. 11.0 Insurance 11.1, The Consultant shall not commence work under this Agreement until it has provided evidence satisfactory to the City that the Consultant has secured all insurance required under this Section. The Consultant shall furnish the City with original certificates of insurance and endorsements effecting coverage required by this Agreement on forms satisfactory to the City. The certificates and endorsements for each insurance policy shall be signed by a person authorized by that insurer to bind coverage on its behalf, and shall be on forms provided by the City if requested. All certificates and endorsements shall be received and approved by the City before work commences. The City reserves the right to require complete, certified copies of all required insurance policies, at any time. 11.2. The Consultant shall, at its expense, procure and maintain for the duration of the Agreement, insurance against claims for injuries to persons or damages to property that may arise from or in connection with the performance of this Agreement. Insurance is to be placed with insurers with a current A.M. Best's rating no less than A:VIII, licensed to do business in California, and satisfactory to the City. Coverage shall be at least as broad as the latest version 6of12 S7296-0001 \2070824v3.doc of the following: (1) General Liability: Insurance Services Office Commercial General Liability coverage (occurrence form CG 0001); (2) Automobile Liability: Insurance Services Office Business Auto Coverage form number CA 0001, code 1 (any auto); and, if required by the City, (3) Professional Liability. The Consultant shall maintain limits no less than: (1) General Liability: $2,000,000 per occurrence for bodily injury, personal injury and property damage and if Commercial General Liability Insurance or other form with a general aggregate limit is used, either the general aggregate limit shall apply separately to this Agreement/location or the general aggregate limit shall be twice the required occurrence limit; (2) Automobile Liability: $1,000,000 per accident for bodily injury and property damage; and (3) Professional Liability: $1,000,000 per claim /aggregate. 11.3. The insurance policies shall contain the following provisions, or Consultant shall provide endorsements on forms supplied or approved by the City to state: (1) coverage shall not be suspended, voided, reduced or canceled except after 30 days prior written notice by certified mail, return receipt requested, has been given to the City; (2) any failure to comply with reporting or other provisions of the policies, including breaches of warranties, shall not affect coverage provided to the City, its directors, officials, officers, (3) coverage shall be primary insurance as respects the City, its directors, officials, officers, employees, agents and volunteers, or if excess, shall stand in an unbroken chain of coverage excess of the Consultant's scheduled underlying coverage and that any insurance or self - insurance maintained by the City, its directors, officials, officers, employees, agents and volunteers shall be excess of the Consultant's insurance and shall not be called upon to contribute with it; (4) for general liability insurance, that the City, its directors, officials, officers, employees, agents and volunteers shall be covered as additional insureds with respect to the services or operations performed by or on behalf of the Consultant, including materials, parts or equipment furnished in connection with such work; and (5) for automobile liability, that the City, its directors, officials, officers, employees, agents and volunteers shall be covered as additional insureds with respect to the ownership, operation, maintenance, use, loading or unloading of any auto owned, leased, hired or borrowed by the Consultant or for which the Consultant is responsible. 11.4. All insurance required by this Section shall contain standard separation of insureds provisions and shall not contain any special limitations on the scope of protection afforded to the City, its directors, officials, officers, employees, agents, and volunteers. 11.5. Any deductibles or self- insured retentions shall be declared to and approved by the City. The Consultant guarantees that, at the option of the City, either: (1) the insurer shall reduce or eliminate such deductibles or self- insured retentions as respects the City, its directors, officials, officers, employees, agents, and volunteers; or (2) the Consultant shall procure a bond guaranteeing 7of12 57296 -0001 \2070824v3. doc payment of losses and related investigation costs, claims and administrative and defense expenses. 12.0 Indemnification, Hold Harmless, and Duty to Defend To the full extent permitted by law, the Consultant shall defend, indemnify, and hold the City, its officials, officers, employees, volunteers and agents serving as independent contractors in the role of city officials ( collectively " Indemnitees ") free and harmless from any and all claims, demands, causes of action, costs, expenses, liability, loss, damage or injury, in law or equity, to property or persons, including wrongful death, in any manner arising out of or incident to any acts or omissions of the Consultant, its employees, or its agents in connection with the performance of this Agreement, including without limitation the payment of all consequential damages and attorneys' fees and other related costs and expenses, except for such loss or damage arising from the sole negligence or willful misconduct of the City. With respect to any and all such aforesaid suits, actions, or other legal proceedings of every kind that may be brought or instituted against Indemnitees, the Consultant shall defend Indemnitees, at the Consultant's own cost, expense, and risk, and shall pay and satisfy any judgment, award, or decree that may be rendered against Indemnitees. The Consultant shall reimburse the City and its directors, officials, officers, employees, agents and /or volunteers, for any and all legal expenses and costs incurred by each of them in connection therewith or in enforcing the indemnity herein provided. The Consultant's obligation to indemnify shall not be restricted to insurance proceeds, if any, received by the Consultant, the City, its directors, officials, officers, employees, agents or volunteers. All duties of the Consultant under this Section shall survive termination of this Agreement. 13.0 Equal Opportunity The Consultant affirmatively represents that it is an equal opportunity employer. The Consultant shall not discriminate against any subcontractor, employee, or applicant for employment because of race, religion, color, national origin, handicap, ancestry, sex, sexual orientation, or age. Such non - discrimination includes, but is not limited to, all activities related to initial employment, upgrading, demotion, transfer, recruitment or recruitment advertising, layoff, or termination. 14.0 Labor Certification By its signature hereunder, the Consultant certifies that it is aware of the provisions of Section 3700 of the California Labor Code that require every employer to be insured against liability for Workers' Compensation or to undertake self- insurance in accordance with the provisions of that Code, and agrees to comply with such provisions before commencing the performance of the Services. 8of12 S7296- 000112070824v3.doc 16.0 Entire Agreement This Agreement contains the entire agreement of the parties with respect to the subject matter hereof, and supersedes all prior negotiations, understandings, or agreements. This Agreement may only be modified by a writing signed by both parties. 16.0 Severability The invalidity in whole or in part of any provisions of this Agreement shall not void or affect the validity of the other provisions of this Agreement. 17.0 Governing Law This Agreement shall be governed by and construed in accordance with the laws of the State of California. 18.0 No Third Party Rights No third party shall be deemed to have any rights hereunder against either party as a result of this Agreement. 19.0 Waiver No waiver of any default shall constitute a waiver of any other default or breach, whether of the same or other covenant or condition. No waiver, benefit, privilege, or service voluntarily given or performed by a party shall give the other party any contractual rights by custom, estoppel, or otherwise. 20.0 Prohibited Interests; Conflict of Interest 20.1. The Consultant covenants that it presently has no interest and shall not acquire any interest, direct or indirect, which may be affected by the Services, or which would conflict in any manner with the performance of the Services. The Consultant further covenants that, in performance of this Agreement, no person having any such interest shall be employed by it. Furthermore, the Consultant shall avoid the appearance of having any interest, which would conflict in any manner with the performance of the Services. The Consultant shall not accept any employment or representation during the term of this Agreement which is or may likely make the Consultant "financially interested" (as provided in California Government Code § §1090 and 87100) in any decision made by the City on any matter in connection with which the Consultant has been retained. 20.2. The Consultant further warrants and maintains that it has not employed or retained any person or entity, other than a bona fide employee 9of12 S7296- 0001\2070824v3.doc working exclusively for the Consultant, to solicit or obtain this Agreement. Nor has the Consultant paid or agreed to pay any person or entity, other than a bona fide employee working exclusively for the Consultant, any fee, commission, gift, percentage, or any other consideration contingent upon the execution of this Agreement. Upon any breach or violation of this warranty, the City shall have the right, at its sole and absolute discretion, to terminate this Agreement without further liability, or to deduct from any sums payable to Consultant hereunder the full amount or value of any such fee, commission, percentage or gift. 20.3. The Consultant warrants and maintains that it has no knowledge that any officer or employee of the City has any interest, whether contractual, non - contractual, financial, proprietary, or otherwise, in this transaction or in the business of the Consultant, and that if any such interest comes to the knowledge of the Consultant at any time during the term of this Agreement, the Consultant shall immediately make a complete, written disclosure of such interest to the City, even if such interest would not be deemed a prohibited "conflict of interest" under applicable laws as described in this subsection. 21.0 Attorneys' Fees If either Party commences any legal, administrative, or other action against the other Party, arising out of or in connection with this Agreement, the prevailing Party in such action shall be entitled to have and recover from the losing Party all of its attorneys' fees and other costs incurred in connection therewith. 22.0 Exhibits All exhibits referenced in this Agreement are hereby incorporated into the Agreement as if set forth in full herein. In the event of any material discrepancy between the terms of any exhibit so incorporated and the terms of this Agreement, the terms of this Agreement shall control. 23.0 Corporate Authority The person executing this Agreement on behalf of Consultant warrants that he or she is duly authorized to execute this Agreement on behalf of said Party and that by his or her execution, the Consultant is formally bound to the provisions of this Agreement. IN WITNESS WHEREOF, the Parties hereto, through their respective authorized representatives have executed this Agreement as of the date and year first above written. 10 of 12 S7296- 000112070824v3. doc CITY OF SEAL BED By: , M I P,-- Jej i4 P LL Attes By: CIVICSTONE, INC. Approved as t kele,City By: / C . St ttor ney S7296 -0001 \2070824v3.doc r Exhibit A irine am S7296- 0001\2070824v3.doc Exhibit A Aside from its duties as Program Administrator and Oversight Agent for the Regulatory Agreement and Declaration of Restrictive Covenants, CivicStone will perform any and all other related work as requested by City Staff. Additionally, CivicStone will conduct a thorough analysis of the documents related to Program Administration & Oversight Agent including: the Regulatory Agreement and Declaration of Restrictive Covenants, the Amendment of Regulatory Agreement„ the Administration and OversightAgreemen& the Indenture of Truss and the Amended and Restated Loan and Grant Agreement and create a comprehensive compliance matrix to ensure future regulatory compliance. All current areas of non - compliance will be identified with an action plan to bring them back into compliance, including but not limited to: File repair: CivicStone will compile documentation from Seal Beach Shores Mobile Home Park, J &H Asset Property Mgmt., RSG, The Loftin Firm as well as contact individual residents to complete and maintain a set of master files. Where documents are missing or unavailable, current compliance documents will be included to verify eligibility. Additionally, CivicStone will maintain comprehensive files on all Qualified Spaces from the date of this City Contract forward. Update non - compliant leases & forms: CivicStone will work closely with Seal Beach Shores Mobile Home Park and appropriate legal counsel to fix lease Agreements and replace the existing Agreements with corrected ones; or have Addenda created to remove the Regulatory Agreement conflicts. "Ramp -Up" Funds: CivicStone will investigate the source of the funds as well as the purpose for the distribution to selected residents of Seal Beach Shores Mobile Home Park. Policies & Procedures Manual: CivicStone will create an extensive Policy & Procedures Manual that will identify the specific duties and responsibilities of each entity involved in this Regulatory Agreement; the milestones and deadlines; action items; provide check lists and applicable forms and Exhibits. Seal Beach Mobile Home Park Revenue Bond Database: CivicStone will design and populate a custom database to monitor the data and regulation compliance. CivicStone will process and historically record all Qualified Spaces and provide the needed reports to the City as well as all appropriate parties in the Regulatory Agreement. a 2S4S esxrst tae, SWW tC:., Cnim, CA t1 tC VNw , 469-CCs-3219 F'", 469 -C.s oirW Page 2 of 3 An estimation of hours required to resolve the non - compliant areas has been factored into this Scope of Work for budgetary purposes. We anticipate this Scope of Work for the City of Seal Beach to rest under $20,000 for the first 12 month period. However, often non - compliant issues are easy to diagnose, but the depth and breadth of the underlying problems and needed actions to resolve those problems are unknown until work commences and uncovers the ease or complexity. Consequently, Civicstone's recommended actions in these areas will be billed on an hourly basis with frequent reviews by the City of Seal Beach. The billing rates are as follows: Adam Eliason CEO: $120 per hour Monique Eliason Project Coordinator: $95 per hour Administration Specialist: $50 per hour IMS CVOA7 l.c, su# W, Cnlw, to 912 t6 Ph W4 -U"229 Nx: W9.865.8W Page 3 of 3