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HH-AH-2018-05-Spurling Place <br />EXHIBIT "A" <br />HOMELESSNESS/AFFORDABLE HOUSING PROGRAM <br />GRANT AGREEMENT <br />This Homelessness Housing Program Grant Agreement ("Agreement") is entered <br />into between KITTITAS COUNTY, a political subdivision of the State of Washington (the <br />"County"), and HOPESOURCE, a Washington non-profit corporation ("Recipient"). <br />ARTICLE I -PURPOSE AND TERM <br />Section 1.1 Purpose: The purpose of this Agreement is to distribute affordable housing <br />surcharge funds awarded pursuant to the applicable provisions of RCW 36.22.178 and <br />homeless housing surcharge funds awarded pursuant to the applicable provisions of RCW <br />36.22.179-1791. <br />Section 1.2 Term: This Agreement shall take effect <br />terminate on December 31, 2019. <br />) a:J.df , 2018 and • <br />ARTICLE II -GRANT AMOUNT, USE AND BUDGET <br />Section 2.1 Grant Amount: The Recipient is awarded a total of up to Five Hundred <br />Thousand dollars ($500,000.00) (the "Grant Award") to be administered as follows as <br />Grant Award HA-2018-05. <br />Section 2.2 Use of Grant. The Recipient shall use the Grant Award solely for the <br />purposes and in the manner described in Exhibit A -Scope of Work. The funds are to be <br />us ed for t he development of ..Jd.E._ uni t of affordabl e housing serving households at or <br />below S'o%of the area med ian income, to be known as Spurling Place", located on <br />parcel# 771533, approximately 1200-1400 N. Rainer St., Ellensburg WA 98926 (address <br />pending) (the "Project"). <br />The County acknowledges that a portion financing for the Project will be provided by low <br />income housing tax credit investors. Consequently, the Project is owned by Spurling <br />Court Associates LLLP, a Washington limited liability limited partnership (the <br />"Partnership"), the general partner of which is Spurling Court Associates GP LLC, and a <br />Washington limited liability company, the sole member of which is the Recipient. One or <br />more low income tax credit investors will be admitted to the Partnership as limited <br />partners. <br />Upon its receipt of the Grant Funds, the Recipient will provide the funds to the <br />Partnership, to be used solely for the purposes set forth in Exhibit A. <br />Homeless Housing Grant Agreement <br />Spurling Place Project 11 /2018 Page I of8