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25H - AGMT - AFFORDABLE HOUSING 2151 E 1ST ST
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06/21/2016
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25H - AGMT - AFFORDABLE HOUSING 2151 E 1ST ST
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Last modified
6/20/2016 10:17:15 AM
Creation date
6/16/2016 4:19:20 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
25H
Date
6/21/2016
Destruction Year
2021
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filing;, registration or eluatification with, any G'ov crnnneriud Authority is rutlarirccl Which <br />has not been previously obtained ill connection with,: <br />(a) tlau cxCcautinla of Developer oi', and the <br />pyerlor naaaraco by Developer of its obligations, under, the I.marl Docunlcnls, and <br />(h) the creation of the liens described in tire Loan <br />CJracunlcnty. <br />e) 3 Financial and [)Hier• lartirr'rnattioll, To the hest of Developers knowledge, <br />all financial irefaarnnaunn ftrrrrtsbQd. tan Oly with respect to Developer ill connection with <br />lire Loan (l) is complete and correct in all €n,aterra] respects as oi' lbe date of pnreparation. <br />thereof, (b) acourately presents the financial condition of Developer, and (c) Naas beer). <br />Prepared it) accordance wvitla generally aaceupted acceaunti.ng principles consistently <br />applied or ua accordance with such other principles or methods, as arc ru,.tsonably <br />acccptabla to City. To tibe best of Developacr's know�tedge. all otber documents and <br />tnl'ornnation turnislaed to City with respect to Developul-, rrtl conric0ion wwitll the Loans. <br />are correct and complete in.,,oiar ors caon€pletenQss is necessary to gave the City accurate <br />knowledge of pile sullleet tnaattcr. To tha best of Developer's knowledge Devclaaper has <br />no material liability or caaartirrg?euat liability not diselosed to City ill vwttting and there is no <br />imt[Qrud lien, Qktinn, charge or otlier right of anthers of airy kinds (uacluallang flens or <br />Retained scuurity titles of conditional venclrns) on any property sal` 17cvolopna r no disclosed <br />to such financial statements or ertlaerwvise drvclowd to City ha Writing. <br />9.4 No w7arterial ikrlver ^ya GJraan =c. I here Naas been no material adverse <br />elrang<,e in die can €ldilrenn, fialauncntl or otlauMse, of Developer srracu the dudes of'tbe kite;st <br />Ninanciaal statemcnt.s furnished to City. Since those dates, Developer has not entcred into <br />any material transaction not disclosed to xucb financial ,Ual -meunts or o lnurwise diL kmcd <br />to City rtt Fw'ritttllg,. <br />9,5 'raax uability, i)evelope,r- bas filed all required federal, slate and local tv, returns <br />and has paid all tatixcs (i.ncludilag interest and peMdtics, but saibjut tel hrvvfid cxtutlsianns <br />disc:lus,ed to City 'in writing) roller than tanxc being, promptly and actively contested in <br />good faitl€ and by appropriate procQe!ding;s. Dcvufoper is maintaining adequate resctves <br />I'01' taax lMbilrtrew (no.I€nelirag; contested liabilities) rn accordance with generally aecuptecl <br />arcotinting, pnrhic:iples or ill accordance wi la suer otber principles or methods as are <br />reasonably acceptable to City. <br />rp fi tisavc ananenl €l Reguim- entrants. Developer is 'ill compliance with all laws <br />relatmgg to the l'rop,rly and all Governmental e'Cuthcnrity zagnprnvals, including; wratning, llarld <br />use. pnhanninga requirements, and recluircimnits anxnng 1 "rom say relarting to flee adoption or <br />amendment of, any applicable gcoend phan, wrdtchvi,sion mid parcel neap recpuirctaacrnti <br />ettvironmuttal regirretunerlts, rnclurfirlg, the rerluiremeants of the C:'alrtbrnra Etrvironmerlull <br />Quality Act and tl€e Nocturnal irnvtronmentat Policy Act and tlscr prepat ation and approval <br />of attl requrue:el cnwireanranentaq impact statennents and ruporls, use, occupaney and building <br />permit requirements., attd ptd"tlrc utalrticx teeluire nnernt9. <br />25F � 26 <br />
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