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Item 39 - Affordable Housing Project at 2530 & 2534 Westminster Avenue
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05/17/2022 Special and Regular
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Item 39 - Affordable Housing Project at 2530 & 2534 Westminster Avenue
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9/25/2024 9:11:42 AM
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8/15/2023 1:47:30 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Clerk of the Council
Item #
39
Date
5/17/2022
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i <br />Westview House <br />City HOME Loan Agreement <br />TABLE OF CONTENTS <br />Section 1. DEFINITIONS AND INTERPRETATION ................................................. 2 <br />1.1. Defined Terms. ................................................................................................... 2 <br />1.2. Singular and Plural Terms. ................................................................................... 8 <br />1.3. References and Other Terms. ............................................................................... 8 <br />1.4. Exhibits Incorporated.. ......................................................................................... 8 <br />Section 2. [RESERVED] ............................................................................................... 8 <br />Section 3. SCOPE OF WORK/ PROJECT BUDGET .................................................. 8 <br />Section 4. [RESERVED] ............................................................................................... 9 <br />Section 5. LOANS ......................................................................................................... 9 <br />Section 6. CONDITIONS TO DISBURSEMENT OF LOAN PROCEEDS ................ 9 <br />Section 7. AFFORDABILITY REQUIREMENTS, USE AND MAINTENANCE OF <br />THE PROPERTY ....................................................................................... 14 <br />Section 8. RESERVED. ............................................................................................... 20 <br />Section 9. GENERAL PROVISIONS AND WARRANTIES .................................... 20 <br />Section 10. CONDITIONS FOR CONSTRUCTION ................................................ 24 <br />Section 11. FEDERAL (HOME PROGRAM) COVENANTS ................................. 26 <br />Section 12. MAINTENANCE, MANAGEMENT, OPERATION, PRESERVATION <br />AND REPAIR OF PROPERTY ............................................................. 32 <br />Section 13. NONDISCRIMINATION COVENANTS .............................................. 34 <br />Section 14. ENVIRONMENTAL MATTERS .......................................................... 35 <br />Section 15. OTHER AFFIRMATIVE COVENANTS .............................................. 36 <br />Section 16. OTHER NEGATIVE COVENANTS ..................................................... 38 <br />Section 17. CERTIFICATE OF COMPLETION ...................................................... 39 <br />Section 18. INDEMNIFICATION ............................................................................. 39 <br />Section 19. INSURANCE, CASUALTY AND CONDEMNATION ....................... 42 <br />Section 20. DEFAULTS AND REMEDIES .............................................................. 46 <br />Section 21. MISCELLANEOUS................................................................................ 49 <br />EXHIBIT 3
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