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TABLE OF CONTENTS <br />(Continued) <br />Page <br /> 305.1 Cost of Construction ........................................................................... 32 <br /> 305.2 Public Art Fee ..................................................................................... 32 <br /> 305.3 Provision of Child Care Facilities ..................................................... 32 <br /> 305.4 Retail Space ........................................................................................ 32 <br />306. Insurance Requirements ..................................................................................... 32 <br /> 306.1 Minimum Coverage/Endorsements .................................................... 33 <br /> 306.2 Property Insurance .............................................................................. 34 <br /> 306.3 Applicability to For-Sale Portion of the Project ................................. 35 <br />307. Indemn ity ........................................................................................................... 35 <br /> 307.1 Developer Indemnity .......................................................................... 35 <br /> 307.2 Agency Indemnity .............................................................................. 36 <br />308. Rights of Access ................................................................................................ 37 <br />309. Nondiscrimination in Employment .................................................................... 37 <br />310. Taxes and Assessments ...................................................................................... 37 <br />311. Compliance with Laws ...................................................................................... 38 <br /> 311.1 Prevailing Wage Laws ....................................................................... 38 <br />312. Liens and Stop Notices ...................................................................................... 39 <br />313. Release of Construction Covenants ................................................................... 40 <br />314. Agency Financial Assistance ............................................................................. 40 <br /> 314.1 Agency Loans ..................................................................................... 40 <br /> 314.2 Repayment of the Agency Loans ....................................................... 41 <br /> 314.3 Reporting Requirements for the Rental Portion of the Project .......... 41 <br /> 314.4 Reporting Requirements for the For-Sale Portion of the Project....... 42 <br /> 314.5 Security of Agency Loan .......................... <br /> 314.6 Disbursement of the Agency Loan ..................................................... 42 <br />315. Homebuyer Assistance ...................................................................................... 42 <br /> 315.1 Homebuyer Assistance Loan .............................................................. 42 <br /> 315.2 Repayment of Homebuyer Assistance Loan ...................................... 42 <br /> 315.3 Security for Homebuyer Assistance Loan .......................................... 43 <br /> 315.4 Disbursement of Homebuyer Assistance Loan; Conditions Precedent <br /> Thereto; Developer's Marketing, Disclosure and <br /> Housing Counseling ........................................................................... 43 <br /> 315.5 Subordination ..................................................................................... 45 <br /> 315.6 Assumption ......................................................................................... 45 <br />316. Financing of the Developer Improvements ........................................................ 45 <br /> 316.1 Approval of Financing ....................................................................... 45 <br /> 316.2 Tax Credit Equity ............................................................................... 46 <br /> 316.3 Required Subrnissions ........................................................................ 47 <br /> 316.4 No Encumbrances Except Mortgages, Deeds of Trust, or Sale and <br /> Lease-Back for Development ............................................................. 47 <br /> 316.5 Holder Not Obligated to Construct Developer Improvements ........... 47 <br /> 316.6 Notice of Default to Mortgagee or Deed of Trust Holders; <br /> Right to Cure ...................................................................................... 47 <br /> 316.7 Failure of Holder to Complete Developer Improvements .................. 48 <br /> ii <br />DOC S OC/1400673 v 141200272-0001