RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF FOSTER CITY APPROVING CONTRACT AMENDMENT NO. 1 TO THE EXISTING AGREEMENT FOR
PROPERTY MANAGEMENT SERVICES WITH HIP HOUSING AFFORDABLE VENTURES (HHAV), INC. IN THE AMOUNT OF $122,660 TO COVER ADDITIONAL
COST FOR MAJOR REPAIRS FOR THE EXISTING UNIT PURCHASE PROGRAM PROPERTY LOCATED AT 833 AND 835 COMET DRIVE AND FIND THE PROJECT
EXEMPT FROM THE CALIFORNIA ENVIRONMENTAL QUALITY ACT (CEQA) PURSUANT TO CEQA GUIDELINE SECTION 15061(B)(3)
CITY OF FOSTER CITY
WHEREAS, since 2008, the city has owned six (6) units, including a duplex at 833 and 835 Comet Drive as part of the six-unit Existing Unit Purchase Program (EUPP); and WHEREAS, all six (6) units are managed by HHAV, Inc.; and WHEREAS, on February 24, 2021, the City of Foster City entered into a Professional Services Agreement with HIP Housing Affordable Ventures, Inc. for Property Management and Leasing services in an amount not-to-exceed $45,000 for the EUPP funded through the Low and Moderate Income Housing Fund 122-0832; and WHEREAS, the City Council of the City of Foster City approved by Resolution 2024-4 on February 5, 2024, Supplemental Appropriation of $131,460 from General Fund 001 to Account 122-0832-463-42-87 for substantial repairs for the EUPP properties located at 833 and 835 Comet Drive and temporary relocation assistance expenses for tenants during the repairs; and
WHEREAS, the Contract Amendment No.1 allows for additional cost for the substantial repairs for 833 and 835 Comet Drive in the amount of $122,660; and WHEREAS, the combined total of compensation and reimbursement costs would be $167,660 (Original Agreement of $45,000 + Contract Amendment No. 1 of $122,660).
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Foster City does hereby:
Approve Contract Amendment No. 1 in the amount of $122,660 and amending Exhibit B with Exhibit B-1 to the existing contract with HIP Housing Affordable Ventures, Inc. for Property Management and Leasing services, dated February 24, 2021, for the Existing Unit Purchase Program.
PASSED AND ADOPTED as a Resolution of the City Council of the City of Foster City at the regular meeting held on the 18th day of March, 2024, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
PATRICK SULLIVAN, MAYOR
ATTEST:
PRISCILLA SCHAUS, CITY CLERK