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704. Maintenance of Drug-Free Workplace. Developer shall certify that Developer <br /> <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 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 i <br /> 33435. <br /> 707. Conflict of lnterest. 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 /> 708. Program Income. When the City receives repayment from sales of the Properties, <br /> such funds are "Program Income". Program Income received by the City will be used for NSP <br /> activities. Program Income and reallocated funds identified for the rental component will be <br /> added to the Agreement with Developer. Developer agrees to comply fully with all federal, <br /> state, and local laws applicable to its operation whether or not referred to in this Agreement. <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 parry 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 /> Upon a default by Developer which is not cured within thirty (30) days following service of said <br /> notice, unless such default cannot reasonably be cured within thirty (30) days, in which case <br /> Developer shall have such additional time as reasonably necessary to complete such cure but no <br /> more than ninety (90) days, the City shall have the right to terminate this Agreement by delivery of <br /> written notice of termination to Developer. <br /> 15 <br /> 25K-51 <br /> <br />