FULL AGENDA PACKET_2021-04-20 - Laserfiche WebLink

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EXHIBIT 3 increase in the tenant's income or refusal of the tenant to purchase the housing. TO Lerminate or refuse to renew tenancy, the OWlier must serve written notice upon the tenant specifying the grounds fur the action at least 30 days bclurc the termination of tenancy. 9. Property Maintenance. Developer shall continuously maintain the improvements on the Properly in compliance with all applicable City housing quality sLandards [24 CFR 922511 and state and local code requircn,ents and shall keep tic Property free from any tutrcasonablc accumulation of debris or waste materials. Developer shall also maintain in a healthy condition any landscaping planted on the Property- 10. Oblinal➢on to Retrain from Discrimination. Developer covenants and agrees for itself, its successors, its assigns and every successor in interest to the Property or any part thereof, there shall be no discrimination against or segregation of any person, or group of persons, on account of race, color, creed, religion, sex, mental orphysical disability, marital status, national origin or ancestry in the sale, lease, transfer, use, occupancy, tentee or enjoyment of the Property nor shall the Developer itself or any person claiming under or through it establish or permit any such practice of practices of discrimination or segregation with reference to the selection, location, number, use or Occupancy of tenants, lessees, subtenants, sublessees or vendees of the Property, as required by the Title VI ol'the Civil Rights Act of 1964, the Fair Housing Act (42 U.S.C. 3601-20) and all irnplcnionting regulations, and the Age Discrirrrination Act of 1975, and all irnplencnting regulations. 1 I- Management Plain_ Not later Lhan five (5) business days prior Lo the execution of the documents, Developer shall submit to the Lxectttivc Director a Managcmciu Plan in a forth that is acceptable to the EXCCutivc Director, including, but not limited to, the components listed below. Approval of the Management Plan must be obtained from the Executive Director not later than the time for the Close of Escrow. Developer shall manage the AssiSIO(I Units in accordance with the approved Management Plan, including such amendments as may be approved in writing front time to time b-y the Executive Director, tier the terns of the income and rent restrictions contained in tlicsc Restrictions. City hereby acknowledges that City has approved Developer's proposed Management Plan. The components of'lhe Management Plan shall include: (a) Management A>tctlt. Developer shall subrnit the name and qualifications of the proposed Managemem Agent. The Executive Director shall approve Or disapprove the proposed Management Accent in writing based on the experience and qualifications of the Management Agent. City hereby approves Quality Management Group as the initial Management Agent. (b) Management Agreement. Developer shal I subrnit a copy of the proposed nianagenieni agreement speci Tying the anioulu of the management lee, and the relationship and division of responsibilities between Developer and Management Agent. City hctebv acknowledges that City has approved the Point of Developer's proposed ilianagemcru agreement. (c) Annual Budget and Projected Cash Flows. Prior to the Close of City Council 7 of 14 21 — 91 4/20/2021