RESOLUTION NO. _____________

BOARD OF SUPERVISORS, COUNTY OF SAN MATEO, STATE OF CALIFORNIA

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RESOLUTION AUTHORIZING EXECUTION OF A SECOND AMENDMENT TO THE AGREEMENT WITH THE LESLEY FOUNDATION TO PROVIDE FUNDING FOR THE DEVELOPMENT OF AFFORDABLE SENIOR HOUSING AND AUTHORIZING THE DIRECTOR OF THE HUMAN SERVICES AGENCY TO EXECUTE SUBSEQUENT AMENDMENTS AND MINOR MODIFICATIONS NOT TO EXCEED $25,000 PER FUNDING SOURCE

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RESOLVED, by the Board of Supervisors of the County of San Mateo, State of California, that

WHEREAS, the County provided $1,202,269 of CDBG and HOME funds over a two-year period to the Lesley Foundation ("Contractor") to assist in the development of 64 units of senior housing in Half Moon Bay ("Project"); and

WHEREAS, the funding was approved by the following Agreement and subsequent Amendment in the following respective amounts: $629,640, on October 19, 1999, by Resolution Number 63137 ("Agreement"); and $572,629 on March 6, 2001, by Resolution Number 64285 ("First Amendment"); and

WHEREAS, the Contractor has retained Mid-Peninsula Housing Coalition (MPHC) as development consultant, to develop the Project; and

WHEREAS, due to unforeseen mounting construction costs in the Bay Area and the Coastside in particular, the Contractor in late 200/02 requested off-cycle CDBG funds of another $1 million ("Additional Funding Request"); and

WHEREAS, the Contractor has successfully obtained another $1.5 million from the HUD Section 202 Program for Senior Housing Development, resulting in a total Section 202 allocation of $7.4 million for the Project; and

WHEREAS, the Office of Housing internal loan review committee approved the Additional Funding Request in February 2002 pending County receipt of loan repayments from other MPHC projects, as these repayments would be used to partially offset Additional Funding Request; and

WHEREAS, in order to provide the funds requested in the Additional Funding Request, there has been presented to this Board of Supervisors for its consideration and acceptance, a Second Amendment to the Agreement between the County of San Mateo and the Lesley Foundation, reference to which is hereby made for further particulars, and the Board of Supervisors has examined and approved the same as to form and content and desires to enter into the same.

NOW THEREFORE, IT IS HEREBY DETERMINED AND ORDERED that the President of this Board of Supervisors be, and is hereby authorized and directed to execute said amendment for and on behalf of the County of San Mateo, and the Clerk of this Board shall attest the President's signature thereto.

IT IS FURTHER RESOLVED, that the Director of the Human Services Agency shall be authorized to execute subsequent amendments and modifications to the Agreement during the term of the Agreement, provided however, that such authority is limited to (a) reducing or increasing the County's maximum fiscal obligation in the event that there is a commensurate reduction or increase in funding received by the County, provided, however, that such increases shall be limited to a total of $25,000 per funding source; and (b) making changes in the types of services and activities provided by Contractor, provided that the changes have no impact on the County's maximum fiscal obligation to the Contractor.

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