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General Contractor, the City Project Manager shall have approved the identity and <br />qualifications of the General Contractor. <br />b. Contract for Construction. The City Project Manager must have reviewed <br />and approved the contract for construction. <br />10.2 Commencement and Completion of Construction. The construction of the <br />Project shall be considered complete for purposes of this Agreement only when (a) all work <br />described has been completed and fully paid for, and (b) all work requiring inspection or <br />certification by Governmental Authority has been completed and all requisite certificates, <br />approvals and other necessary authorizations (including required final certificates of occupancy) <br />have been obtained. <br />10.3 . Intentionally Omitted. <br />10.4 Entry and Inspection. At all times prior to completion of the construction, upon <br />reasonable notice, City and its agents shall have (a) the right of free access to the Property and all <br />sites away from the Property where materials for the construction are stored, (b) the right to <br />inspect all labor performed and materials furnished for the construction, and (c) the right to <br />inspect and copy all documents pertaining to the construction. <br />10.5 Economic Opportunities for Low Income People. (24 CFR 570.487, Section 3 <br />of the Housing and Urban Development Act of 1968, 12 USC 1701u, as amended by Section 915 <br />of the Housing and Community Development Act of 1992). Developer certifies that it <br />implements a policy in accordance with Section 3 of the Housing and Urban Development Act of <br />1968 that requires employment and other economic opportunities arising in connection with <br />housing rehabilitation, housing construction and other public construction projects shall, to the <br />extent feasible and consistent with existing federal, state and local laws and regulations, be given <br />to low and very low- income persons. Noncompliance with HUD's regulations in 24 CFR part <br />135 may result in sanctions, termination of this contract for default, and debarment or suspension <br />from 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 />To the maximum extent feasible, the Developer shall provide for the hiring of employees <br />who reside in the vicinity of the Target Area or contract with small businesses that are owned <br />and /or operated by persons residing in the vicinity of the Target Area. The Developer shall <br />report to the City information regarding efforts taken to comply with this section through the <br />Vicinity Hiring Report (Exhibit 1) 15 days after the end of each calendar quarter. <br />10.6 Construction Information. From time to time during the course of the <br />construction, within ten (10) Business Days following City's written demand therefore, <br />Developer shall furnish requested reports of project costs, progress schedules and contractors' <br />costs breakdowns for the construction, itemized as to trade description and item, showing the <br />name of the contractor(s) and /or subcontractor(s), and including such indirect costs as real estate <br />20 <br />1076A53V1389382.1 <br />