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<br />I <br /> <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 home buyer. <br /> <br />602. Performance Measures. Due to the legislative deadlines, performance <br />measurements will be monitored closely. The Developer's contract may be cancelled and the <br />funds reallocated to other developers for failure to meet HUD deadlines. <br /> <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 /> <br />700. GOVERNMENTAL REQUIREMENTS <br /> <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 1701 u, 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 /> <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 /> <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 /> <br />13 <br />