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EXHIBIT 3 <br />11.12 Displacement and Relocation. Developer acknowledges and agrees <br />that, pursuant to 24 CFR 92.253 and consistent with the other goals and objectives of this <br />part, City must ensure that it has taken all reasonable steps to minimize the displacement <br />of persons as a result of the Project. Furthermore, to the extent feasible, residential <br />tenants must be provided a reasonable opportunity to lease and occupy a suitable, decent, <br />safe, sanitary and affordable dwelling unit on the Property upon completion of the <br />construction. Developer agrees to cooperate fully and completely with City in meeting <br />the requirements of 24 CFR 92.253 and shall take all actions and measures reasonably <br />required by the Executive Director in connection therewith. All applicable state <br />guidelines must also be followed. <br />(a) Developer acknowledges and agrees to hire a Relocation <br />Consultant to provide relocation services, pursuant to the Uniform <br />Relocation Act and Real Property Acquisition Policies Act of 1970 <br />("URA") and 24 CFR 92.253. <br />(b) The City, Developer, and Relocation Consultant will meet <br />periodically during the relocation to provide updates and review <br />tenant files, including at Project approval and prior to final benefit <br />calculations. The Developer and Relocation Consultant shall carry <br />out activity in compliance with URA and the City's Acquisition <br />and Relocation Policy and Procedures Manual ("Manual'). <br />(c) The Developer and Relocation Consultant shall maintain accurate <br />records and files pertaining to the temporary and permanent <br />relocation of tenants, in accordance with URA and the City's <br />Manual. <br />(d) The Developer and Relocation Consultant shall provide all <br />relocation and tenant files to the City once relocation is complete <br />at the Project. <br />11.13 Other Program Requirements. Developer shall carry out each activity <br />in compliance with all federal laws and regulations described in subpart H of 24 CFR 92, <br />except that Developer does not assume City's responsibilities for environmental review in <br />24 CFR 92.352 or the intergovernmental review process in 24 CFR 92.359. <br />11.14 Request for Disbursements of Funds. Notwithstanding anything <br />contained in this Agreement to the contrary, Developer may not request disbursements of <br />funds under this Agreement until the funds are needed for payment of eligible costs (such <br />funds shall be used solely towards the acquisition and construction of the Property). The <br />amount of each request shall be limited to the amount needed. <br />11.15 Eligible Costs. Developer shall use HOME Funds to pay costs defined as <br />"eligible costs" pursuant to 24 CFR 92.206. <br />21 <br />80A-57 <br />