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702. Use of Debarred. Suspended, or Ineligible Participants. Developer shall comply <br />with the provisions of 24 CFR 24 relating to the employment, engagement of services, awarding <br />of contracts, or funding of any contractor or subcontractor during any period of debarment, <br />suspension, or placement in ineligibility status. <br />703. Conformance with Applicable Labor Law. If Section 401 applies, all laborers <br />and mechanics employed by the Developer and any subcontractor in the performance of the <br />construction work under this Agreement (if any) shall be paid wages at rates not less than the <br />prevailing wage as determined by the U.S. Department of Labor, under the Davis -Bacon Act. <br />The Developer further agrees to comply with the provisions of the Copeland Act and the <br />Contractor Work Hours and Safety Act. This paragraph does not apply to contracts which do not <br />exceed $2,000. <br />704. Maintenance of Drug -Free Workplace. Developer shall certify that Developer <br />will provide a drug-free workplace in accordance with 24 CFR 84.13. <br />705. Books and Records. Developer shall maintain complete books of account and <br />other records, reports and information, as the City Manager may reasonably require, reflecting its <br />operations (in connection with any other businesses as well as with respect to the NSP Assisted <br />Units), in accordance with generally accepted accounting principles applied on a consistent basis <br />or in accordance with such other principles or methods as are reasonably acceptable to City, to <br />meet the record keeping and reporting requirements required of it in accordance with 24 CFR <br />92.508. <br />706. Equal Opportunity and Fair Housing. Developer shall carry out the <br />Rehabilitation and perform its obligations under this Agreement in compliance with all of the <br />state and federal laws and regulations regarding equal opportunity and fair housing described in <br />24 CFR 92.350. Developer must also follow the requirements of Health and Safety Code section <br />33435. <br />707. Conflict of Interest. Developer shall comply with and be bound by the conflict of <br />interest provisions set forth at 24 CFR 570.611, as well as state regulations pertaining to conflict <br />of interest. <br />800. DEFAULTS, REMEDIES, TERMINATION <br />801. Event of Default. Failure or delay by either party to perform any term of provision <br />of this Agreement within the time periods provided herein for such performance constitutes a <br />default under the Agreement. If any party defaults in performance of its obligations, covenants or <br />agreements hereunder, the defaulting party shall be entitled to cure the default in accordance with <br />this section. The injured party shall give written notice of default to the party in default, specifying <br />the default complained of by the injured party. Delay in giving such notice shall not constitute a <br />waiver of any default nor shall it change the time of default. The defaulting party must, within <br />thirty (30) days following service of said written notice, commence to cure, correct or remedy such <br />failure or delay and shall complete such cure, correction, or remedy with reasonable diligence. <br />15 <br />