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25B - AGMT - CDBG HOUSING LOAN
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02/02/2016
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25B - AGMT - CDBG HOUSING LOAN
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Last modified
1/28/2016 4:31:05 PM
Creation date
1/28/2016 3:47:48 PM
Metadata
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
25B
Date
2/2/2016
Destruction Year
2021
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furnished to City. Since those dates, Developer has not entered into any material transaction not <br />disclosed in such financial statements or otherwise disclosed to City in writing. <br />9.5 Tax Liability. Developer has filed all required federal, state and local tax returns and <br />has paid all taxes (including interest and penalties, but subject to lawBal extensions disclosed to <br />City in writing) other than taxes being promptly and actively contested in good faith and by <br />appropriate proceedings. Developer is maintaining adequate reserves for tax liabilities <br />(including contested liabilities) in accordance with generally accepted accounting principles or in <br />accordance with such other principles or methods as are reasonably acceptable to City. <br />9.6 Governmental Requirements. To best of its knowledge, Developer is in compliance with <br />all laws relating to the Property and all Governmental Authority approvals, including zoning, <br />land use, planning requirements, and requirements arising from or relating to the adoption or <br />amendment of, any applicable general plan, subdivision and parcel map requirement; <br />environmental requirements, including the requirements of the California Environmental Quality <br />Act and the National Environmental Policy Act and the preparation and approval of all required <br />environmental impact statements and reports; use, occupancy and building permit requirements; <br />and public utilities requirements. <br />9.7 Rights of Others. Developer is in compliance with all covenants, conditions, restrictions, <br />easements, rights of way and other rights of third parties relating to the Property. <br />9.8 Litigation. There are no material actions or proceedings pending or, to the best of the <br />Developer's knowledge, threatened against or affecting Developer or any property of Developer <br />before any Governmental Authority, except as disclosed to City in writing prior to the execution <br />of this Agreement. <br />9.9 Bankruptcy. To the best of Developer's knowledge, no attachments, execution <br />proceedings, assignments for the benefit of creditors, insolvency, bankruptcy, reorganization or <br />other proceedings are pending or threatened against Developer, nor are any of such proceedings <br />contemplated by Developer. <br />9.10 Information Accurate. To the best of Developer's knowledge, all information, regardless <br />of its form, conveyed by Developer to City, by whatever means, is accurate, correct and <br />sufficiently complete to give City true and accurate knowledge of its subject matter, and does not <br />contain any misrepresentation or omission. <br />9.11 Conflicts of Interest. No member, official or employee of the City shall have any personal <br />interest, direct or indirect, in this Agreement, nor shall any such member, official or employee <br />participate in any decision relating to this Agreement which affects his /her personal interests or the <br />interests of any corporation, partnership or association in which he /she has a direct or indirect <br />financial interest. The Developer warrants that it neither has paid nor given, nor will pay or give, <br />any third party any money or other consideration for obtaining this Agreement. <br />9.12 Nouliability of City Officials and Employees. No member, official or employee of the City <br />shall be personally liable to the Developer in the event of any default or breach by the City or for <br />18 <br />25B -24 <br />
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