FIRST AMENDMENT TO
DEVELOPMENT AGREEMENT FOR THE
MULBERRY VILLAGE DEVELOPMENT PROJECT
(2825-2841 Mulberry Street)
U.S. Department of Housing and Urban Development (HUD)
HOME Investment Partnerships Act Funded Project
THIS FIRST AMENDMENT TO DEVELOPMENT AGREEMENT FOR THE
IULBERRY VILLAGE DEVELOPMENT PROJECT ("First Amendment") is made an entered into this day of 2022, by and between the CITY O RIVERSIDE, a California charter city and municipal corporation ("City"), the HOUSING AUTHORITY OF THE CITY OF RIVERSIDE, a public entity, corporate and politic ("Authority"), and HABITAT FOR HUMANITY RIVERSIDE, INC., a California non-profit public benefit corporation ("Habitat for Humanity"), with respect to the following ("Developer"):
RECITALS
On August 1, 2019, Authority and Developer entered into that certain Development Agreement ("Agreement), wherein Developer is to obtain a fee interest in a site owned by Authority (identified as Assessor Parcel Numbers 209-222-026, 209-222-027, and 209-222-015 (collectively referred to as "Site") to construct a multi-family, affordable housing project for The Mulberry Village Development Project, consisting of approximately ten (10) small cottage homes on the Site, together with any improvements appurtenant thereto ("Project").
NOW, THEREFORE, incorporating the recitals set out above, the Parties hereto mutually agree to the following amendment to the Agreement:
1. Section H.ili of the Agreement is hereby amended to increase the HOME CHDO One Dolas nat TenDigly eths 833,03128 or a toad hone Milot Seven hired.
Thousand Two Hundred Eighty-One Dollars and Twenty-Eight Cents ($1,717,281.28).
2. Section 1.1 Defined Terms "Project Budget" of the Agreement is hereby amended and replaced in its entirety as follows:
"Project Budget" means budget for the Project, attached hereto as Attachment No. 5-1."
1 All other terms and conditions of the Agreement between the Parties which are not inconsistent with the terms of this First Amendment shall remain in full force and effect as if fully set forth herein.
[SIGNATURES ON FOLLOWING PAGE]
2 IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to Development Agreement for the Mulberry Village Development Project to be duly executed the day and year first above written.
"HABITAT FOR HUMANITY"
HABITAT FOR HUMANITY RIVERSIDE, INC.,
A California Not-For-Profit Corporation
Dated: 10/31/3022 By:
Name: David Hahr
Its: Xecutive direcToi
By: _ Laura houston
Name: Laura Ronanton
Its: Board of Directors President
"AUTHORITY"
HOUSING AUTHORITY OF THE CITY OF
RIVERSIDE, a public entity
Dated: By:
Executive Director
ATTESTED TO:
By:
Authority Secretary
APPROVED AS TO FORM:
By:
Authority General Counsel
CERTIFIED AS TO FUNDS AVAILABILITY:
BY:_
Chief Financial Officer/Ciy Treasurer
2 "CITY"
THE CITY OF RIVERSIDE, a California charter
city and municipal corporation
Dated: By:
Interim City Manager
ATTESTED TO:
By:
City Clerk
APPROVED AS TO FORM:
318h
By:
Deputy City Attorney
#18-1763.1 RK 10/20.22
3 Attachment No. 5-1
Detailed Project Budget - Mulberry Cottages-10 Units Revised 10/27/22 Single Home 10 Homes Description Cost Increase
PREDEVELOPMENT
City of Riverside Permits/Fees $ 5,420.00 54,200.00 City permits, Development fees $ Schools $ 16,000.00
Engineering/soils $ 14,870.00 Geotechnical, Soils Report $ Civil Engineer Plans $ 2,480.00 24,800.00 Plans: topo, map, grading, utilities, street $ Engineer-site survey $ 21,570.00 Vertical + Horiz Controls, pad certs, drain cert 330000
Architectural-building $ 55,000.00 $
Architectural-landscaping 12200 11,220.00
Engineering -building 8,200.00 Structural + Mechanical $ Rough Grading $ 47,150.00 with import $
Street Improvements $ 7,680.00 76,800.00 $
RPU Water $ 4,927.00 49,270.00 Offsite-City includes fire hydrant (Sok budget) $ RPU Electric $ 2,190.00 21900.00 Offsite-City $
Water onsite & sewer $ 13,930.00 139,300.00| $
Rentention Basins site drainage $ 3,564.00 35,640.00 $
Dry Utilities; electric, phone, cable 6,200.00 62,000.00 es es Energy Calc / Energy Star insp. 350.00 3,500.00
TOTAL PREDEVELOPMENT 62,542.00 625,420.00 463,294.00
CONSTRUCTION
Grading Final 2,340.00 23,400.00 Grading-final/precise $ 3,150.00 Concrete Foundation & Slab $ 8,870.00 88,700.00 Footings, pads, slab floor on grade 1,711.00 19.63.00
Masonry 17,110.00 front parking garden wall, trash end exes es Trash Encloure gates & trellis 945.00 9,450.00 9,450.00 Rough Lumber $ 5,980.00 59,800.00 (previously included at rough carpentry) Rough Carpentry $ 4,872.00 48,720.00 38,255.00
Roof trusses $ 2,953.00 29,530.00 (previously included at rough carpentry) 29,530.00 Roof truss - install is es 1,700.00 17,000.00 Crane, Truss labor 17,000.00 Plumbing/Hot Water, sewer conn. 16,422.00 164,220.00 Shower, toilets, water heater, sewer line 107,467.00 Electrical $ 19,321.00 193,210.00 178,210.00
Fire Sprinkler 2,694.00 26,940.00 Fire sprinkler sys 14,690.00 HVAC- $ 9,759.00 97,590.00 Electric Heat Pump, high increase due to SEER 69,018.00 Roofing & Sheet Metal 3,340.00 33,400.00 normally donated, not figured originally Windows and Door 1,880.00 18,800.00
Exterior siding material $ 3,600.00 36,000.00
Exterior siding labor $ 2,200.00 22,000.00
Insulation 1,240.00 12,400.00 Thermal insulation
Drywall/Acoustical 3,975.00 39,750.00 Interior drywall
Doors & Finish Carpentry 1,650.00 16,500.00 Casings, baseboards, shelving $ Paint/Decorating/Blinds/Shades 1,250.00 12,500.00
Shower Doors, Mirrors, closets $ 970.00 9,700.00
Cabinetry/Countertops $ 4,900.00 49,000.00 Kitchenette & Bath Vanity Appliances 2,050.00 20,500.00 refigerator and washer/dryer (stackable) oncrete/Hardscape 8,800.00 88,000.00 Flatwork, driveways, pavers, and mowcurbs $ inish Floor-Carpet & Vinyl $ 1,610.00 16,100.00 Bedrooms, Closets $ 3330000 $ 11,930.00 119,300.00 landscape, irrigation, D.G., Trellis, Furnishings $ ecurity - on site 3,200.00 32,000.00 6,620.00
encing - Permanen $ 2,371.00 23,710.00 Vinyl 317@6' 132000 110.00 1,100.00
storage bin and dumpsters $ 200.00 2,000.00 nunn
Equipment rental $ 150.00 1,500.00
temp. fencing $ 314.00 3,140.00
porta-potties $ 375.00 3,750.00 2 units for 6 months $
utilities - temporary $ 410.00 4,100.00 Temp Elec., Temp Water Subtotal $ 134,092.00 1,340,920.00 807,855.00
Construction Contingency $ 8,905.90 89,059.00 $
TOTAL CONSTRUCTION $ 205,539.90 2,055,399.00 1,271,149.00
SOFT & CARRYING COSTS
Project Management - staff pay
Administration - staff pay
Construction Period Insurance
Construction Period Taxes
TOTAL SOFT & CARRYING COSTS
Subtotal of all above cost $ 205,539.90 2,055,399.00 1,271,149.00 Developer fee 100,000.00 $
TOTAL PROJECT COST 2,155,399.00 1,271,149.00