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25B - AGMT - 815 N HARBOR LOAN
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02/17/2015
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25B - AGMT - 815 N HARBOR LOAN
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Last modified
2/12/2015 4:45:31 PM
Creation date
2/12/2015 4:13:11 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
25B
Date
2/17/2015
Destruction Year
2020
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signature block; `Fhc contractor/provider by hise'll" signature affixed hereto declares <br />under penalty of perjury that contractor has read die requirements of the Section 3 Clause <br />and accepts all its requirements contained therein for all of histhor operations related to <br />t <br />this contract." <br />, ro the extent applicable, the Developer shall comply and/or cause <br />compliance with Section 3 Clause requirements for the Project. For example, when and <br />if Developer or its cotitraQtoT(s)/subcotitractor(s) hire(s) fall time employees, rather than <br />volunteer labor or materials, Section 3 is applicable and all disQlosurr Find reporting <br />requirements apply. <br />8.6 Construction Information. From time to time during the course oCtlio <br />construction, within ten (10) Business Da)+s following City's written demand therefore, <br />Developer shall furnish requested reports ot'projeut costs, progress schedules and <br />contractors' cost breakdowns for the construction, itemized as to trade description and <br />item, showing the name of the contractor(s) and/or subcontractor(i), and including such <br />indirect costs as real estate taxes, legal and accounting Fce,6, insurance, architects' and <br />engineers' fees, lean fees, interest during construction and contractors' overhead, <br />8.7 Protection Against Liens- Developer shall diligently file a valid Notice of <br />Completion upon completion of the construction, diligently file -a notice of cessation in <br />the event of a cessation of labor on the construction for a period of thirty (30) days or <br />more, and take all Fictions reasonably required to prevent the assertion of claims of lion <br />against the Property, In the event that any claim of lien is asserted against the property or <br />any stop notice or claim 65 asserted ugairist the City by any person furnishing labor or <br />materials to the Property, Developer shall immediately give owitwft notice or the sairle to <br />City and shall, promptly and in any event within ten (10) Business Days after -written <br />demand therefor, (a) pay and discharge the same, (b) effect the release thereof by <br />delivering to City a surety boad complying with the requirement of applicable laws that <br />such release, or (c) take such oflier action as City may require to release City !Porn airy <br />obligation or liability with respect to such stop notice or claim, <br />9. FE, DE RAL (IIOME PROGRAM) COVENANTS <br />9.1 Qualification its Affordable flonsing, As more particularlyprovided in <br />the A ffibirdabil ity Restrictions on Transfer of Property, Developer sliall use, manage and <br />operate the Property in accordance with the reqviremonts, of 24 CFR 92.252 so as it) <br />qualify the housing on the Property as Afrordoble Housing with affordable rents, <br />9.2 Tenant andParticipaiitProtection, Developer shall comply with the <br />requirements of 24 CFR 92,253, <br />9.3 Handicapped Access ibil ity. Developer shall comply with (a) Section <br />504 of the Rehabilitation Act of 1973, and implementing regulations, at 24 CFR 8C <br />governing accessibility of projects assisted under die ROME, Program; and (b) the <br />Americans with Disabilities Act of 1990, and iniplen-writing regulations at 28 CFR 35-36 <br />in order to provide handicapped accessibility to the extent readily achicvahlo. <br />21 <br />25B-27 <br />
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