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DEPOT AT SANTIAGO, LP - 2013
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DEPOT AT SANTIAGO, LP - 2013
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Last modified
6/9/2014 1:25:43 PM
Creation date
9/30/2013 10:28:15 AM
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Contracts
Company Name
DEPOT AT SANTIAGO, LP
Contract #
A-2013-072
Agency
COMMUNITY DEVELOPMENT
Council Approval Date
5/20/2013
Destruction Year
0
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(c) Attachment C, "Retention and Custodial Requirements for Records ", <br />except that in lieu of the provisions in paragraph 4, the retention period for <br />records pertaining to individual CDBG activities starts from the date of <br />submission of the annual performance and evaluation report, as prescribed <br />in 24 CFR 570.507, in which the specific activity is reported on for the <br />final time; <br />(d) Attachment F, "Standards for Financial Management Systems "; <br />(e) Attachment H, "Monitoring and Reporting Program Performance ", <br />Paragraph 2; <br />(f) Attachment O, "Procurement Standards." <br />11.18 Conflict of tnterest. Developer shall comply with and be bound by the conflict <br />of interest provisions set forth at 24 CFR 570.611, as well as state regulations pertaining to <br />conflict of interest. <br />11.19 Monitoring. Developer shall allow the City to conduct periodic inspections of <br />each of the assisted units on the Property as required by the Program after the date of <br />construction completion, with reasonable notice. Developer shall cure any defects or <br />deficiencies found by the City while conducting such inspections within two weeks of written <br />notice thereof, or such longer period as is reasonable within the sole discretion of the City. <br />11.20 Recertification of Tenant Income. <br />(a) Developer shall take all necessary steps to review the income of all tenants <br />prior to renting to them, as well as reviewing current tenants on an annual basis, in <br />accordance with HOME regulations and guidelines. Every fifth (5`) year, Developer <br />shall require new original income documents to be submitted by tenants. Tenants in <br />HOME assisted units whose incomes no longer comply with federal income guidelines <br />shall have their rents adjusted in accordance with federal HOME guidelines (24 CFR <br />92.252- 92.253). <br />(b) Developer shall allow the City to conduct periodic reviews of tenant files <br />and files relating to affirmative marketing and outreach to insure the Project's compliance <br />with applicable regulations and guidelines. <br />(c) HOME assisted units continue to qualify as affordable housing despite a <br />temporary non - compliance caused by increases in the incomes of existing tenants if <br />actions satisfactory to HUD are being taken to ensure that all vacancies are filled in <br />accordance with this section until the non - compliance is corrected. <br />11.21 Other HOME Program Requirements. Developer shall comply with all other <br />applicable requirements of the HOME Program. <br />24 <br />
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