FULL AGENDA PACKET_2021-04-20 - Laserfiche WebLink

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EXHIBIT 3 business or immediate family ties, during their tenure or for a period Of one ( I ) year thereafter_ For parposes of this paragraph, a "covered parson" indudes any person who is an crnpluyce, agent, consultant, officer, or elected or appointed official of the Grantee, the Developer, or any designated public agency. 1122 Monitoring. Developer shall allow the City to conduct periodic inspeetions of the CDBG-assisted units on the Property as required by the Program after the date of construction completion, upon not less than seventy-two (72) hours' advance written notice. Developer shall cure any defects or deficiencies found by the City while conducting etch inspections within two weeks of written notice thereof, or such longer period as is reasonable within the sole discretion of the City. 1 1.23 Recertification of Tenant Income. (A) Developer shall take all necessary steps to review the income of all tenants prior to renting to them, as well as reviewing current tenants on an annual basis, in accordance with CDBG regulations and guidelines. Every filth (5"') year, Developer shall require new original income documents to be submitted by tenants. Subject to any restrictions imposed by TCAC, Tenants in CT)BC-assisted units whose incomes no longer comply with federal income guidelines shall have their rents adjusted in accordance with 11cdcral 110ME guidelines (24 CFR 92.252-92253). (fl) CDBO-assisted unils conlinue to qualify as allordable housing despite a temporary non-compliance caused by increases in the incomes ofexisting tenants if' actions satisfactory to HUD arc being taken to ensure that all vacancies are filled in accordance with this scclion until the non-wmpliattcc is eorrccud. 112d Other CDBG Program Retiuirentents_ Developer shall comply with all Other applicable requirement, of the CDBG Program_ l 1.25 Controlling Covenants. If there is a discrepancy between State and I-cdcral law with regard to any of the aforementioned covenants, the more stringent shall apply. 11.26 Faith Based Activities. To the extent applicable to the Project, in accordance with 24 CFR 5.109, Developer will comply with the restrictions oft the use of CDBG fends for faith hosed activities as set forth in 24 CFR SJ 09_ 12. MAINTENANCE, MANAGEMENT, OPERATION, PRESERVATION AND REPAIR OF PROPERTY 12.1 Maintenance, Developer shall maintain the Property (and all abulting grounds, sidewalks, roads, parking and landscape areas which Developer is Otherwise required to outintain) in good condition and repair; shall operate the Property in a businesslike manna; shall prudently preserve and protect its own as well as the Cit_y's interests in connection with the Property; shall not commit or permit any waste or deterioration of the Pro ierty (extent for nonnal wear and tear)- shall not abandon anv City Council 30 21 — 34 4/20/2021