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940 S. MINNIE, LP - 2014
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940 S. MINNIE, LP - 2014
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Last modified
7/7/2014 3:04:49 PM
Creation date
7/7/2014 3:02:07 PM
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Contracts
Company Name
940 S. MINNIE, LP
Contract #
A-2014-077
Agency
COMMUNITY DEVELOPMENT
Council Approval Date
3/18/2014
Insurance Exp Date
9/1/2014
Destruction Year
0
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(e) Attachment H, "Monitoring and Reporting Program Performance ", <br />Paragraph 2; <br />(f) Attachment O, "Procurement Standards." <br />11.18 Conflict of Interest. Developer shall comply with and be bound by the <br />conflict of interest provisions set forth at 24 CFR 570.611, as well as state regulations <br />pertaining to conflict of interest. <br />11.19 Monitoring. Developer shall allow the City to conduct periodic <br />inspections of the HOME assisted units on the Property as required by the Program after <br />the date of rehabilitation completion, with reasonable notice. Developer shall cure any <br />defects or deficiencies found by the City while conducting such inspections within two <br />weeks of written notice thereof, or such longer period as is reasonable within the sole <br />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, <br />in accordance with HOME regulations and guidelines. Every fifth (5th) year, <br />Developer shall require new original income documents to be submitted by <br />tenants. Tenants in HOME assisted units whose incomes no longer comply with <br />federal income guidelines shall have their rents adjusted in accordance with <br />federal HOME guidelines (24 CFR 92.252- 92.253). <br />(B) HOME assisted units continue to qualify as affordable housing despite a <br />temporary non - compliance caused by increases in the incomes of existing tenants <br />if actions satisfactory to HUD are being taken to ensure that all vacancies are <br />filled in accordance with this section until the non - compliance is corrected. <br />11.21 Other HOME Program Requirements. Developer shall comply with all <br />other applicable requirements of the HOME Program. <br />11.22 Controlling Covenants. If there is a discrepancy between State and <br />Federal law with regard to any of the aforementioned covenants, the more stringent shall <br />apply. <br />12. MAINTENANCE, MANAGEMENT, OPERATION, PRESERVATION <br />AND REPAIR OF PROPERTY <br />12.1 Maintenance. Developer shall maintain the Property (and all abutting <br />grounds, sidewalks, roads, parking and landscape areas which Developer is otherwise <br />required to maintain) in good condition and repair; shall operate the Property in a <br />businesslike manner; shall prudently preserve and protect its own as well as the City's <br />interests in connection with the Property; shall not commit or permit any waste or <br />deterioration of the Property (except for normal wear and tear); shall not abandon any <br />portion of the Property or leave the Property unguarded or unprotected; and shall not <br />25 <br />
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