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BLUE WATER ASSET MANAGEMENT LP, DBA TUSTIN VIEW
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BLUE WATER ASSET MANAGEMENT LP, DBA TUSTIN VIEW
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Last modified
12/7/2020 11:02:09 AM
Creation date
12/7/2020 11:00:59 AM
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Contracts
Company Name
BLUE WATER ASSET MANAGEMENT LP, DBA TUSTIN VIEW
Contract #
A-2020-158-49
Agency
Community Development
Council Approval Date
8/4/2020
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A. Inaccurate Information or Documentation., In the event any information or <br />documentation provided for either the Landlord or any Impacted Tenant is determined to not be true <br />or accurate, Landlord shall immediately inform the City of such determination and reimburse the <br />applicable Grant Fund payment back to the City. in the case that the City determines such <br />inaccuracies, the City shall provide notice of the same to Landlord with a demand correction and for <br />return of the applicable Grant Fund payment, as necessary, <br />B. Violation of Landlord Obligations. In the event that Landlord violates any of the <br />restrictions in Article IV above, Landlord shall immediately cease and desist any such activities, and <br />shall be required to return any Grant runding received by the Landlord to the City. However, for any <br />Grant Funding returned under this section, the Immpacted Tenants shall still receive credit for payment <br />of any applicable rent arrears, and all obligations of Article IV alcove shall remain active Landlord <br />obligations in spite of returning the Giant Funding. <br />C. Fraud. Landlord shall immediately report all suspected or known instances and facts <br />concerning possible fraud, abuse or criminal activity related to said Program under tivs Agreement, <br />D. Remedies, Landlord agrees that if Landlord violates any of the terms and conditions <br />of this Agreement, or if Landlord provides inaccurate information or documentation, Landlord agrees <br />to remedy the acts or omissions causing the disallowance and repay City all Grant Funds received in <br />violation thereof If Landlord engaged in fraudulent activity to obtain and/or justify distribution of <br />the Grant Funds paid hereunder, Landlord shall be required to reimburse the City of all such funds <br />that were obtained under fraudulent circumstances, <br />If action to correct any inaccurate information or documentation and retrain <br />the applicable Grant Funds is not taken by Landlord within a reasonable <br />period, the City inay terminate this Agreement for default and initiate <br />collection procedures for the applicable Grant Rinds and for any costs <br />incurred by the City because of Landlord's default. <br />2. City reserves the right to pursue any and all other applicable reunedies against <br />Landlord for any actions determined by the City in its sole discretion to be <br />fraudulent. <br />VI. GENERAL PROVISIONS <br />A. Conflict oflnterest. Landlord covenants that it presently has no interests and shall not <br />have interests, direct or indirect, which would conflict in any maimer with payment of Grant Funds <br />specified under this Agreement. <br />B. Non -Discrimination. Landlord shall not discriminate because of race, color, creed, <br />religion, sex, marital status, sexual orientation, age, national origin, ancestry, or disability, as defined <br />and prolvbited by applicable law, with respect to any application of said Program. <br />C. Indemnification. Landlord agrees to defend, and shall indenvufy and hold harmless <br />the City, its officers, agents, employees, contractors, special counsel, and representatives from liability <br />
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