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signature block: "The contractor /provider by his/her signature affixed hereto declares <br />under penalty of perjury that contractor has read the requirements of the Section 3 Clause <br />and accepts all its requirements contained therein for all of his/her operations related to <br />this contract." <br />To 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 contractor (s) /subcontractor(s) hire(s) full time employees, rather than <br />volunteer labor or materials, Section 3 is applicable and all disclosure and reporting <br />requirements apply. <br />8.6 Construction Information. From time to time during the course of the <br />constriction, within ten (10) Business Days following City's written demand therefore, <br />Developer shall furnish requested reports of project 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(s), and including such <br />indirect costs as real estate taxes, legal and accounting fees, insurance, architects' and <br />engineers' fees, loan fees, interest during construction and contractors' overhead. <br />8.7 Protection Aaainst Liens: Developer shall diligently file a valid Notice of <br />Completion upon completion of the constriction, 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 actions reasonably required to prevent the assertion of claims of lien <br />against the Property. In the event that any claim of lien is asserted against the property or <br />any stop notice or claim is asserted against the City by any person furnishing labor or <br />materials to the Property, Developer shall immediately give written notice of the same 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 bond complying with the requirement of applicable laws for <br />such release, or (e) take such other action as City may require to release City from any <br />obligation or liability with respect to such stop notice or claim. <br />9. FEDERAL (HOME PROGRAM) COVENANTS <br />9.1 Qualification as Affordable Housing. As more particularly provided in <br />the Affordability Restrictions on Transfer of Property, Developer shall use, manage and <br />operate the Property in accordance with the requirements of 24 CFR 92.252 so as to <br />qualify the housing on the Property as Affordable Housing with affordable rents. <br />9.2 Tenant and Participant Protection. Developer shall comply with the <br />requirements of 24 CFR 92.253. <br />9.3 Handicapped Accessibility. 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 the HOME Program; and (b) the <br />Americans with Disabilities Act of 1990, and implementing regulations at 28 CFR 35 -36 <br />in order to provide handicapped accessibility to the extent readily achievable. <br />21 <br />