(Schedule 3)

This memorandum provides infonnation pertaining to a Memorandum of Understanding (MOU) between the City, BC Housing, and Community Builders. The MOU, included as Attachment 1, pertains to the operation of 40 units of supportive housing on the City-owned lands at 2520, 2540, 2560, 2600 and 2640 Smith Street. The site ('Aster Place'), is operated by Community Builders with funding from BC Housing. The MOU sets out expectations for building management, security, prope1iy maintenance, and other operational matters, and defines Community Builders' responsibilities for tenant selection, tenant conduct, and complaint response.

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