815 N. HARBOR, L.P.-2013 - Laserfiche WebLink

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11.18 Books and Records. Developer shall maintain complete books of account and other records, reports and information, as the Executive Director may reasonably require, reflecting its operations (in connection with any other businesses as well as with respect to the NSP Assisted Units), in accordance with generally accepted accounting principles applied on a consistent basis or in accordance with such other principles or methods as are reasonably acceptable to City, to meet the record keeping and reporting requirements required of it in accordance with 24 CFR 92.508. 11.19 Equal Opportunity and Fair Housing. Developer shall carry out the construction and perform its obligations under this Agreement in compliance with all of the state and federal laws and regulations regarding equal opportunity and fair housing described in 24 CPR 92.350. 11.20 Conflict of Interest. Developer shall comply with and be bound by the conflict of interest provisions set forth at 24 CFR 570.611, as well as state regulations pertaining to conflict of interest. 1. 11.21 Uniform Administrative Requirements. Developer shall comply with the requirements and standards of OMB Circular No. A -122, "Cost Principles for Non -Profit Organizations," and with the following Attachments to OMB Circular No. A -110: a. Attachment A, "Cash Depositories ", except for paragraph 4 concerning deposit insurance; b. Attachment B, 'Bonding and Insurance "; C. Attachment C, "Retention and Custodial Requirements for Records ", except that in lieu of the provisions in paragraph 4, the retention period for records pertaining to individual NSP activities starts from the date of submission of the annual performance and evaluation report, as prescribed in 24 CFR 570.507, in which the specific activity is reported on for the final time; d. Attachment F, "Standards for Financial Management Systems'; e. Attachment H, "Monitoring and Reporting Program Performance ", Paragraph 2; f. Attachment O, 'Procurement Standards." 11.22 Monitoring. Developer shall allow the City to conduct periodic inspections of each of the assisted units on the Property as required by the Program 'after the date of construction completion, with reasonable notice. Developer shall cure any defects or deficiencies found by the City while conducting such inspections within two weeks of written notice thereof, or such longer period as is reasonable within the sole discretion of the City. 11.23 Recertification of Tenant Income. a. The HOME program guidelines and regulations will be used for the recertification of Tenant Income for the Project. 23 1076A53V1389382.1