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<br /> closing costs, insurance related to acquisition and rehabilitation, property taxes and maintenance <br /> costs (utility and landscaping)subject to proper documentation evidencing such costs <br /> ("Developer Fee"). The Developer Fee shall be paid by the City to the Developer at the close of <br /> escrow to the qualified homebuyer. <br /> 602. Performance Measures. Due to the legislative deadlines, performance <br /> measurements will be monitored closely. The Developer's contract maybe cancelled and the <br /> funds reallocated to other developers for failure to meet HUD deadlines. <br /> 603. Business License/Professional Licenses. Developer must obtain and maintain a <br /> valid business license in order to perform services in the City of Santa Ana. Also, Developer <br /> shall, throughout the term of this Agreement, maintain all necessary licenses, permits, approvals, <br /> waivers, and exemptions necessary for the provision of the services hereunder and required by <br /> the laws and regulations of the United States, the State of California, the City of Santa Ana and <br /> all other governmental agencies. Developer shall notify the City immediately and in writing of <br /> its inability to obtain or maintain such permits, licenses, approvals, waivers, and exemptions. <br /> Said inability shall be cause for termination of this Agreement. <br /> 700. GOVERNMENTAL REQUIREMENTS <br /> 701. Economic Opportunities for Low Income People. (24 CFR 570.487, Section 3 of <br /> the Housing and Urban Development Act of 1968, 12 USC 1701u, as amended by Section 915 of <br /> the Housing and Community Development Act of 1992). Developer certifies that it implements <br /> a policy in accordance with Section 3 of the Housing and Urban Development Act of 1968 that <br /> requires employment and other economic opportunities arising in connection with housing <br /> rehabilitation, housing construction and other public construction projects shall, to the extent <br /> feasible and consistent with existing federal, state and local laws and regulations, be given to low <br /> and very low-income persons. Noncompliance with HUD's regulations in 24 CFR part 135 may <br /> result in sanctions, termination of this contract for default, and debarment or suspension from <br /> future HUD assisted contracts. To the extent applicable, the Developer shall comply and/or <br /> cause compliance with Section 3 Clause requirements for the NSP. For example, when and if <br /> Developer or its contractor(s)/subcontractor(s) hire(s) full time employees, Section 3 is <br /> applicable and all disclosure and reporting requirements apply. <br /> 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 /> 13 <br /> 25K-29 <br /> <br />