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WESTVIEW HOUSE L (6).P
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WESTVIEW HOUSE L (6).P
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Last modified
7/6/2022 12:10:09 PM
Creation date
7/6/2022 12:04:05 PM
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Contracts
Company Name
WESTVIEW HOUSE L.P
Contract #
A-2022-084
Agency
Community Development
Council Approval Date
5/17/2022
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11.13. Intentionally Omitted. <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 Inclusionary Housing Program Funds <br />to pay eligible costs pursuant to the Santa Ana Ordinance No. NS-3019.. <br />11.16. Records and Reports. Developer shall maintain and from time to time <br />submit to City such records, reports and information as the Executive Director may <br />reasonably require in order to permit City to meet the record keeping and reporting <br />requirements required of it. <br />11.17. Reserved. <br />11.18. Conflict of Interest. Developer shall comply with and be bound by the <br />conflict of interest provisions set forth in all applicable state regulations pertaining to <br />conflict of interest. <br />11.19. Monitoring. Developer shall allow the City to conduct periodic inspections <br />of the Restricted units on the Property as required by the Inclusionary Housing Program <br />after the date of construction completion, with reasonable advance written notice. <br />Developer shall cure any defects or deficiencies found by the City while conducting such <br />inspections within two weeks of written notice thereof, or such longer period as is <br />reasonable within the sole discretion of the City. <br />Not less than once per year, the City shall review Developer's activities and operations <br />under the Agreement and Developer's compliance with the requirements set forth in this <br />Agreement. Such review may include an on -site inspection of the Project units (including <br />unit interiors). If such an on -site inspection of the Project units is to be undertaken, the <br />City shall coordinate such inspection with Developer. <br />11.20. Recertification of Tenant Income. <br />(a) Developer shall take all necessary steps to review the income of all <br />tenants prior to renting to them, as well as reviewing current tenants on an annual basis, in <br />accordance with TCAC regulations and guidelines. Every fifth (5 h) year, Developer shall <br />require new original income documents to be submitted by tenants. . <br />(b) Intentionally Omitted. <br />11.21. Intentionally Omitted. <br />11.22. Controlling Covenants. If there is a discrepancy between State of <br />California and Federal law with regard to any of the aforementioned covenants, the more <br />29 <br />westview House <br />City Hiclusionary Housing Program Loan Agreement <br />
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