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25B - AGMT - CDBG HOUSING LOAN
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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
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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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further consent or approval shall not be deemed to waive or render unnecessary City's consent to <br />or approval of any subsequent act. The City's acceptance of the late performance of any <br />obligation shall not constitute a waiver by City of the right to require prompt performance of all <br />further obligations; City's acceptance of any performance following the sending or filing of any <br />notice of default shall not constitute a waiver of either party's right to proceed with the exercise <br />of its remedies for any unfulfilled obligations; and City's acceptance of any partial performance <br />shall not constitute a waiver by City of any rights. <br />21. MISCELLANEOUS <br />21.1 Obligations Unconditional and Independent. Notwithstanding the existence at any <br />time of any obligation or liability of City to Developer, or any other claim by developer against <br />City, in connection with the Loan or otherwise, Developer hereby waives any right it might <br />otherwise have (a) to offset any such obligation, liability or claim against Developer's obligations <br />under the Loan Documents, or (b) to claim that the existence of any such outstanding obligation, <br />liability or claim excuses the nonperformance by Developer of any of its obligations under the <br />Loan Documents. <br />21.2 Notices. All notices, demands, approvals and other communications provided for in the <br />Loan Documents shall be in writing and be delivered to the appropriate party by personal service <br />or U.S. mail at its address as follows: <br />If to Developer: Santa Ana Arts Collective , L.P. <br />c/o Meta Housing Corporation <br />1640 Sepulveda Blvd, Ste. 425 <br />Los Angeles, CA 90025 <br />Attention: President <br />With a copy: The tax credit investor for the project <br />If to City: City of Santa Ana <br />Community Development Agency <br />20 Civic Center Plaza (M -26) <br />P.O. Box 1988 <br />Santa Ana, California 92702 <br />Attention: City Project Manager <br />With a copy to: Office of the City Attorney <br />City of Santa Ana <br />20 Civic Center Plaza, 7th Floor (M -29) <br />Santa Ana, California 92702 <br />Addresses for notice may be changed as required by written notice to all other parties. All <br />notices personally served shall be effective when actually received. All notices mailed shall be <br />effective three (3) days after deposit in the U.S. Mail, postage prepaid. The foregoing <br />notwithstanding, the non - receipt of any notice as the result of a change of address of which the <br />9 <br />25B -44 <br />
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