1976-03 HA - Laserfiche WebLink

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.' . . ~. 8 " . . e. . I I 1.4 Fiscal Year.' The Fiscsl Year for the Project shall be the Fiscal Year established by Section ~.3 of this Contract; Provided, however, that the first Fiscal Year for the Project shall be the period beginning with the cc=aencement of leasing (i.e., the first day of the .month in which the first unit is leased by an eligible Family) and ending on the last day of. said established Fiscal Year Which is not less than 12 months after commencement of such leasing. If the first Fiscal Year exceeds 12 months. the maximum Annual Contribution in Section 1.3(a) may be adjusted by the addition of the pro rata amount applicable to the period of operation in exc... of 12 months. . . 1.~ Term of Annual Contributions Contract. This ACC shall r...in in effect so long as the Housing Assistance Payments Contrsct 18 in effect; Provided, however, that in no case may this ACC exceed 22 years from the beginning of the first Fiscal Year. 1.6 Federal and Local Government Approvals. (a) The making of this ACC and the undertaking by the Coverument of the Annual Contributions as- herein provided has been duly approved on LiBt No. for Annual Contributions Contracts. SF-76-l39 (b) The Governing Body of the locality in which the dwelling units are to be located has approved the application of Section 23 of the Act to the locality by ,resolution or ordinance duly adopted on 10'0'7 I. , 19.:p: 1.7 Estimate of Required Annual Contributions. (a) At or about the date of execution of this Part I. the Local Authority shall submit an Initial Estimate of Required Annual Contributions (preliminary Costs). covering preliminary costs other than security and utility deposits. This submission ahall include estimates of costs of administration and nonexpendable e4~ipm~nt up to the beginning of tbe first Fiscal Year. (b) Not earlier than 150 days and not later than 90 days prior to the estimated date of the beginning of the first Fiscal Year, the Local Authority shall submit an Initial Estimate of . Required Annual Contributions with respect to security and utility depOsits. Simultaneously, the Local Authority shall submit an Annual Estimate of Required Annual Contributions for the first riscal Year with respect to housing assistance payments and the allowance for the cost of administration. (c) Not earlier than 150 days and not later than 90 days prior to the beginning of each subsequent Fiscal Year, the Local Autbority shall submit an Annual Estimate of Required Annual Contributions with supporting documentation for any increases in the amount of housing assistance payments or the allowance for the cost of administration. (d) Any of the above Estimates may be revised to reflect changes. in circumstances and available data. (e) All estimates of Required Annual Contributions and any revisions thereof submitted under this section shàll be subject to Government approval. ' 1.8 Affirmative Fair Housin~ Marketin~ Re~ulation. The Local Authority shall require the Owner to comply with the Affirmative Fair Housing Marketing Regulation, including the submission for , Government approval of an Affirmative Fair Housing Marketing Plan and compliance with such approved Plan, as if the Owner were expressly subject to said Regulation. . . 1.9 Equal Emplovment Opportunity, , (a) The Local Authority shall incorporate or cause to be incorporated into any contract for construction work, or modification thereof, as defined in the regulations of the Secretary of Labor at 41 CFR, Chapter 60, which is to be performcd pursuant to this contract, the following Equal Opportunity clause: '. 3