Title
a. Approve a Renewal and Amendment #1 to the Management Agreement with Eden Housing Management, Inc. to provide for continuous management of the Kents Court affordable housing project through September 30, 2015; and
b. Authorize the Director of the Economic Development Department to make minor changes as needed to execute the Renewal and Amendment #1 to the Management Agreement.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a. Approve a Renewal and Amendment #1 to the Management Agreement with Eden Housing Management, Inc. to provide for continuous management of the Kents Court affordable housing project through September 30, 2015; and
b. Authorize the Director of the Economic Development Department to make minor changes as needed to execute the Renewal and Amendment #1 to the Management Agreement.
SUMMARY:
The Housing Successor Agency to the Redevelopment Agency of the County of Monterey owns the Kents Court affordable housing project located in Pajaro. In July 2010, the County entered into a Management Agreement (Agreement) with South County Property Management (SCPM) to manage the units on a day-to-day basis. When SCPM ceased operations, the Agreement was assigned to Eden Housing Management, Inc. (Eden) effective January 1, 2014. The Agreement expired on May 25, 2015. The recommended action will renew and extend the Agreement through September 30, 2015 to allow the County to enter into a Property Management Agreement with a new property manager.
DISCUSSION:
In 2005, the Redevelopment Agency of the County of Monterey (Agency) made a loan to South County Housing (SCH) to purchase and install 19 manufactured homes at Kents Court in Pajaro. The units were used as temporary housing for tenants displaced by SCH's redevelopment of the 15-17-19 Salinas Road Project known as Nuevo Amanacer. After the completion of Nuevo Amanacer, SCH continued operating the units as affordable housing for very low and low income ...
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