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i Developer shall carry out tl~e catrstruction through cornpletiat~ of the
<br />
<br /> Project and the overall develaprrrent of
<br /> the bite in canfar~~nit~ ~~it~~ a~ applic~bla ec~e~~~l, state
<br /> acrd local lobar lames acrd reulatiox~s, itrcl~rdin, ~~ritho~~t lirrritation, if applicable, tl~e
<br /> re~uiren~ents to pay pre~ailit~g wages under federal l~v ~tlre Davis Bacorr Act, 4a U~~C.
<br /> Section X141, s~c~~, and the regulatiat~s prar~r~~lgated tl~ere~~nder set forth at ~9 CPR Part 1
<br /> {collectively, "Davis Bacon"}} atad Caiifarrria ia~v Labor Code Sectiarr 17~~, e~
<br />
<br /> Notv~~ithstarrding the fa~~egoing, a~ the Agency hereby ackna~~rledges and ar"ees t~~at rlatll~n
<br /> this Ar"eetr~ent ~al~ a~r~ of ~l~e dacr~n~e~t etltered i~~ta h tyre ~er~c~T and the ~evelaper in
<br /> c~t~~~ection with the transactiotrs corrterrrplatcd by this Areernent~ itrtended to in~pose orr the
<br /> Developer, carrtractually ar~ other~~ise, the obligati~rr to pay prevailing v~~ages under federal, sate
<br /> or local la~v, acrd ~b}the Agency hereby represents at~d ~~rarrants ~o the Developer, its srrccessars
<br /> at~d assig~rs, that all firnds rlsed by the Agency in corrnectian with this Agreetrrent acrd the
<br /> tratractians cot~tetp~ated hereby, includ~t~g, ~vitlratrt limitatio~~, futrds used a~~d to lie ~~sed by the
<br /> Agency to acyr~i~'e each and every cotr~ponetrt of the Site, f~~rrds used acrd to be used to pay far
<br /> relocation at~d derrrolition of exist~~~g ~t~rptoverrrerrts on the Srte, futrds used acrd to be used to
<br /> fir~~d the Agency Laat~ and f~~nds used and to be used to fir~~d ~arnebuyer Asita~rce Loans,
<br /> solely constitute moneys 'rater a Lo~v and Moderate rtrcarne Housi~rg ~'~~nd established pursuant
<br /> to section 333~4.~ of the ~lifo~"r~ia Health acrd afet~f fade, all ~v~t~ir~ tl~e meaning of
<br /> ec~ion 1'~20~c~~~} of the California Lobar Code, The Aetrcy understa~~ds acrd agrees that the
<br /> Developer will materially ~~ely orr the foregoing ~~arra~rties in its deterrninatian as to tvhetlrer
<br /> prevailing images are r~etluired pursuant to California la~v a~" Davis-Bacon, The parties
<br /> acknowledge that a finatrcin structure utilizing certain federal atrdlor stag frr~rding sources anal
<br /> financing scena~~ias trot otlrer~vise identified herein gray t~~igger carrrpliat~ce ~~ritlr applicable state
<br /> and federal prevailirr wage laws acrd reg~rlations~ Tire applicab~lfty of federal, state and local
<br /> prevailing ~~rge lames will be cleter'r~rrred based upon the final fit~anc~trg structure and so~~rces of
<br /> f~r~rdirrg afth Project, as approved by the Agency Executive Director,
<br /> Tire De~~eloper shall be solely responsible, expressly ari irrrpliedly arrcl legally a~~d
<br /> financially, for determining and effectuating compliance with all applicable federal, state acrd
<br /> local p~~blic orbs rie~uirements, prevailing wage laws, lobar laws acrd standards, and, ea~cept as
<br /> provided above, neither the Agency nor City makes at~y ~;epr~eserrtatian, either legally andlor
<br /> firratrcially, as to the applrcabrlrty or rran~applrcabrlrty of az~y federal, state and local laws to the
<br /> Project, either ansite ar offite~ The Developer expressly, kt~oritrly and vol~rrrtar~ily
<br /> acknowledges and agrees that treitlrer the Agency tror~ City have previoul}l represe~rted to the
<br /> Developer ar to at~y representative, agent or Affiliate of Developer, ar any contractor~s~ or any
<br /> subcontractar~s~ for the construction or development of the Project, in ~vriti~r or otlrer~vise, in a
<br /> call fay" bids or ather~vise, that the work and canst~~~~ction undertaken pursurrt to this Agreement
<br /> is far is riot} a "public work," as defined in Section 1?2~ of the Labor Code or ~~trder~ Davis
<br /> ~3acan.
<br /> The Developer k~~o~~ingly and vol~~~rtarily agrees that the Developer shall have
<br /> the obligation to p~•ovrde airy arrd all disclasl~res ar rdet~t~ficatlorrs as re~ui~~ed by Lobar Cade
<br /> Section 1 X81 a~rdlor by Davis Bacai~, as the same may be amended franc tirrre to Time, or any
<br /> other sirnilar la~v or rer~latiaxr. and only if the representation acrd warranty provided by the
<br /> Agency to the Developer in this Section l~ re~r~ai~rs true, correct and carrrplete in every respect,
<br /> the Developer shall lrrdemrrify, protect, pay far, defend and bald lrart~less the Agency, the City
<br /> acrd their respective officers, employees, agents and rep~~esetrtatives fr~o~~n and against at~y and all
<br /> ATTAC~NIE~T N~. 3r7
<br /> Da ~ O~b"~3 ~F ~ 31~~~~72-~~Q ~
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