CC Resolution 12163RESOLUTION NO. 12163
BEING A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CAMPBELL AUTHORIZING THE CITY MANAGER TO EXTEND AND
EXECUTE THE BELOW MARKET RATE PROGRAM ADMINISTRATOR
PROFESSIONAL SERVICES AGREEMENT WITH NYANDA &
ASSOCIATES, LLC, A CALIFORNIA LIMITED LIABILITY COMPANY,
D/B/A HOUSEKEYS
WHEREAS, on June 7, 2016 the Council authorized the City Manager to execute aone-
year contract with Nyanda & Associates, LLC, a California Limited Liability Company,
d/b/a HouseKeys to administer the City's Below Market Rate Program; and
WHEREAS, the cost of the Program is partially subsidized through the collection of
transaction fees charged to developers and homeowners by HouseKeys for each new
BMR home sold or resold and for each request to refinance or pay off a loan or loans
associated with the City's First Time Homebuyer and/or affordable housing programs;
and
WHEREAS, the one-year contract is set to expire on June 30, 2017; and
WHEREAS, the City Council held a public meeting on May 16, 2017 and accepted the
recommendation of staff to extend the contract for one year; and
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Campbell
hereby authorizes the City Manager to extend a Professional Services Agreement with
Nyanda & Associates, LLC, a California Limited Liability Company, d/b/a HouseKeys,
with a cost that will not exceed $137,200.
PASSED AND ADOPTED this 16th day of May, 2017, by the following roll call vote:
AYES: COUNCILMEMBERS: Cristina, Landry, Waterman, Resnikoff
NOES: COUNCILMEMBERS: None
ABSENT: COUNCILMEMBERS: Gibbons
ABSTAIN: COUNCILMEMBERS: None
APPROVED: /~-e ~G~~~
Paul Resnikoff, Vice Mayor
ATTEST: V
Wend Wood, City Clerk