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DP SOUTH COAST INVESTORS, LP-DP MAIN STREET INVESTORS, LP- ADAGIO 366, DBA ADAGIO AT SOUTH COAST
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DP SOUTH COAST INVESTORS, LP-DP MAIN STREET INVESTORS, LP- ADAGIO 366, DBA ADAGIO AT SOUTH COAST
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12/3/2020 10:07:40 AM
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12/3/2020 10:06:49 AM
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DP SOUTH COAST INVESTORS, LP-DP MAIN STREET INVESTORS, LP- ADAGIO 366, DBA ADAGIO AT SOUTH COAST
Contract #
A-2020-158-48
Agency
Community Development
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B. CoVidentiality, Without prejudice to any other provisions of this Agreement, <br />Landlord shall, where applicable, maintain the confidential nature of information provided to it <br />concerning Impacted Tenants, in accordance with the requirements of federal and state law. <br />However, Landlord shall submit to City all records requested, <br />C. City Review. City will review the information and documents provided by Landlord <br />to ensure that Grant Funds are used for authorized purposes in compliance with all laws, regulations, <br />and the provisions of this Agreement, including exhibits, Landlord shall provide adequate <br />cooperation to the City to permit the same to determine Landlord's conformity with the terns of this <br />Agreement. <br />D. Failure to Produce Documentation. Failure of Landlord to provide any of the required <br />documentation will cause City to withhold all or a portion of a request for Grant Funds, or return the <br />entire request to Landlord, until such documentation has been received and approved by City. <br />M LANDLO" OBLIGATIONS <br />A. Restrictions. As a condition of receiving Grant Funds under said program, Landlord <br />shall be subject to the following restrictions: <br />Upon receipt of rental assistance Grant Funds from the City covering 80% of <br />the Impacted Tenants' past due rent since April 1, 2020, Landlord shall forgive <br />the remaining 20% of the rent owed (also referred to as "rent arrears", "rent <br />debt" and/or "'back rent") by the Impacted Tenants, as well as any late fees or <br />other assessments or penalties related to such back rent, from April 1, 2020 <br />through the effective date of this Agreement. <br />2, Landlord shall not charge or collect any late fee or other assessment or penalty <br />from any Impacted Tenant for the City's payment of rent arrears for the <br />Impacted Tenant from April 1, 2020, and continuing for six (6) months from <br />the effective date of this Agreement. <br />3, Landlord shall not increase the rent on any impacted Tenant for at least six (6) <br />months from the date of the Agreement <br />4. Landlord shall not attempt to evict or commence eviction proceedings against <br />any Impacted Tenant for late or non-payment of rent for at least six (6) tncnths <br />from the date of the Agreement. <br />5, In the event the tenant listed on the "Impacted Tenant List" (Exhibit A), has <br />received payment from the City of Santa Ana *om the Rental Relief program <br />for Tenants, I certify I will inform the City of Santa Ana and reimburse the <br />duplicate payment back to the City of Santa Ana. <br />V. VIOLATION OF TERMS AND CONDITIONS <br />
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