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15.4 Further Assurances. Developer shall execute and acknowledge (or cause <br />to be executed and acknowledged) and deliver to City all documents, and take all actions, <br />reasonably required by City from time to time to confirm the rights created or now or <br />hereafter intended to be created under the Loan Documents; to protect and further the <br />validity, priority and enforceability of the City Deed of Trust; to subject to the Deed of <br />Trust any property intended by the terms of any Loan Document(s) to be covered by the <br />City Deed of Trust or otherwise to carry out the purposes of the Loan Documents and the <br />transactions contemplated thereunder. <br />15.5 Annual Financial Statements. Developer shall deliver to City, within <br />ninety (90) days after the end of each Calendar Year, (a) a certified public accountant <br />reviewed balance sheet for Developer as of the end of such Calendar Year and a certified <br />public accountant reviewed statement of profit and loss for Developer and for <br />Developer's operations in connection with the Property for such Calendar Year, together <br />with all supporting schedules, (b) a certificate of such certified public accountant that <br />such documents were reviewed by such certified public accountant in accordance with <br />generally accepted accounting principles and otherwise comply with generally accepted <br />accounting principles review requirements, and (c) a certificate of Developer's chief <br />financial officer that such documents: (i) were prepared in accordance with generally <br />accepted accounting principles applied on a consistent basis or in accordance with such <br />other principles or methods as are reasonably acceptable to City, (ii) fairly present <br />Developer's financial condition, (iii) show all material liabilities, direct and contingent, <br />and (iv) fairly present the results of Developer's operations. Developer shall also provide <br />the City with any other annual audit reports issued by other monitoring agencies. <br />15.6 Audits and Access to Records. Developer agrees that City, the U.S. <br />Department of Housing and Urban Development, the Comptroller General of the United <br />States or any of their authorized representatives shall have the right of access, upon <br />reasonable notice, to any books, documents, papers, or other records of Developer which <br />are pertinent to this Agreement in order to make audits, examinations, abstracts, excerpts <br />or transcripts. Developer will maintain all books and records pertaining to this Agreement <br />for a period of not less than five (5) years after all matters pertaining to this Agreement <br />(i.e., audit, disputes or litigation) are resolved in accordance with applicable federal or <br />state laws, regulations or policies, and when a period of affordability or recapture applies <br />to Developer's activities, for a period of not less than five (5) years after the affordability <br />period ends. <br />15,7 Termite Inspection Report. Developer shall deliver a termite report <br />pertaining to the Property to the City every fifth (5th) year beginning January 2019. <br />16. OTHER NEGATIVE COVENANTS <br />While any obligation of Developer under the City Note or City Deed of Trust <br />remain outstanding, the following provisions shall apply, except to the extent that <br />Executive Director otherwise consents in writing: <br />30 <br />251 -36 <br />