Agenda Packets - 2013/11/25 - Laserfiche WebLink

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C. Assist City residents considering rehabilitation, including property visits, meet with homeowners and potential contractors, suggest alternatives for rehabilitation to homeowners, educate homeowners on the constriction bid process, assist homeowners to evaluate bids arid work completed and construction progress. d. Provide housing information to City residents, including information on emergency assistance, housing rehabilitation, fast time homebuyers and limited rental information; e. Assist the City in developing programs to purchase and rehabilitate homes; f. Coordinate these services out of Consultant's Housing Resource Center, 1170 Lepak Court, Shoreview, MN 55126; and g. Have Consultant's staff visit residences as determined necessary by Consultant. 2. Term. This Agreement shall be in fall force and effect from January 1, 2014 and shall continue through December 31, 2014, unless otherwise terminated as set forth below. 3. Compensation. a. Core HRC Services: The City shall pay the Consultant Eleven Thousand Dollars ($11,000 within thirty days (30)days after Execution of this Agreement. b. Mounds View Home Improvement Loan Program Administration: The City shall pay the Consultant Four Hundred Dollars ($400) for each closed loan. Consultant fees will be charged to the City monthly based on the number of applications processed and closed, withdrawn or denied during the month. The Consultant shall receive compensation for administering the MHFA Programs directly from the Minnesota Housing Finance Agency and not from the City. 4. Termination. Notwithstanding any other provision hereof to the contrary, this Agreement may be terminated as follows: a. The parties, by mutual written agreement, may terminate this Agreement at any time in which case the patties shall agree to the amount of fees payable to Consultant. b. The City may terminate this Agreement upon the breach by Consultant of any of its material covenants contained herein, where such breach shall have continued for a period of thirty (30) days following the receipt by Consultant of a written notice from the City, specifying the alleged breach; provided, however, if the nature of a non -monetary breach is such that Consultant cannot reasonably cure same in the thirty (3 0) day period, Consultant shall not be deemed to be in breach if it commences to cure within the thirty (30) day period, and diligently pursues same to completion within ninety (90) days following receipt by Consultant of such written notice. In the event of termination by the City hereunder, Consultant shall be entitled to fees due to the date the notice of breach is sent by the City. C. If Consultant or City (as applicable) (i) files a voluntary petition in bankruptcy (ii) files a voluntary petition for reorganization under any bankruptcy law, statute or regulation or other similar statute or regulation, (iii) is adjudicated a bankrupt, (iv) makes an assignment for the benefit of creditors or applies for or consents to the appointment of a receiver or trustee as part of or in conjunction with a "creditor plan" with respect to any substantial part of its assets, or (v) a receiver or trustee is appointed, or an attachment or execution levied with respect to any substantial part of its assets, and said appointment is not vacated, or tine attachment or execution not released, within sixty (60) days, then this Agreennent shall, effective as of such date, without notice or further action by either party, immediately terminate.