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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 adrug-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 Executive Director may reasonably require, <br />reflecting its operations (in connection with any other businesses as well as with respect to the <br />NSP Assisted Units), in accordance with generally accepted accounting principles applied on a <br />consistent basis or in accordance with such other principles or methods as are reasonably <br />acceptable to City, to meet the record keeping and reporting requirements required of it in <br />accordance with 24 CFR 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. Default Remedies. Failure by either party to perform any action or covenant <br />required by this Agreement within the time periods provided herein following notice and failure <br />to cure as described hereafter, constitutes a "Default" under this Agreement. A party claiming a <br />Default shall give written notice of Default to the other party specifying the Default complained <br />of. Except as otherwise expressly provided in this Agreement, the claimant shall not institute <br />any proceeding against any other party, and the other party shall not be in Default if such party <br />within thirty (30) days from receipt of such notice immediately, with due diligence, commences <br />to cure, correct or remedy such failure or delay and shall complete such cure, correction or <br />remedy with diligence. <br />15 <br />