|
(a) Notwithstanding the foregoing, as long as the value of City's liens are not impaired,
<br />any condemnation proceeds may be used by the Developer for repair and/or restoration of the
<br />Project.
<br />(b) Nothwithstanding the foregoing, during the tax credit compliance period for the
<br />Project, as determined under Section 42 of the Internal Revenue Code, any condemnation
<br />proceeds may be used by the Developer for repair and/or restoration of the Project.
<br />906.9 Waiver of Subrogation. Developer hereby waives all rights to recover
<br />against the City (or any officer, employee, agent or representative of City) for any loss
<br />incurred by Developer from any cause insured against or required to be insured against;
<br />provided, however, that this waiver of subrogation shall not be effective with respect to
<br />any insurance policy if the coverage thereunder would be materially reduced or impaired
<br />as a result. Developer shall use its best efforts to obtain only policies which permit the
<br />foregoing waiver of subrogation.
<br />The required certificates shall be furnished by the Developer at the time this Agreement is
<br />executed. Certificates verifying such coverage has been extended to the City of Santa Ana must
<br />be furnished to the City of Santa Ana City Attorney's Office (M-29), 20 Civic Center Plaza,
<br />Santa Ana, CA 92701 prior to the commencement of work hereunder.
<br />907. Builders Risk Insurance. The Developer shall be responsible to cover the
<br />properties during the course of rehabilitation. It is recommended that such insurance provide
<br />coverage on an all risk basis, including theft and vandalism, for accidental losses, damage or
<br />destruction of the Property.
<br />908. Right of Access. For purposes of assuring compliance with this Agreement,
<br />representatives of the City shall have the right of access to the properties, without charges or
<br />fees, at normal construction hours during the period of construction for the purposes of this
<br />Agreement, including but not limited to, the inspection of the work being performed in
<br />rehabilitating the improvements so long as City representatives comply with all safety rules. The
<br />City (or its representatives) shall, except in emergency situations, notify the Developer prior to
<br />exercising its right pursuant to this section.
<br />909. Developer Indemnity.
<br />Developer shall indemnify, defend and hold harmless City, its officers, agents, employees and
<br />volunteers from and against any and all loss or damage, expenses, injuries, death to any person,
<br />damage to real or personal property, claim, demand, suit, action, judgment, settlement,
<br />reasonable attorney's fees, costs, or proceeding of any kind arising out of this Agreement,
<br />implementation of this Agreement, the sale of the property by Developer, securing of financing,
<br />design development drawings, engineering, construction, reconstruction, structural integrity of
<br />the NSP Assisted Units, maintenance of the properties, operation, and subsequent sale of the
<br />NSP Assisted Units, including but not limited to:
<br />21
<br />
|