|
If City declines to furnish a C.;ertrficate of'Completion after written reque.st firo n
<br />Developer, the EXCCLItive Dii•cetor shall, withm thirty (30) clays after receipt of the
<br />request, provide. Developer wwith a wtaltetx statement erf the reasons thercfine. 1fie
<br />statement shall contain a description of the action Developer must 'take to obtain a
<br />Certificate of Co mph.,trcn}, 11' 111c rxx;tson therefore is that the DvVQhrper Ilaas plot completed
<br />a rminor portion of the Reliaubilitation, ('ity may, in its scale and absolute discretion, usswle
<br />the Cerlificatte of Completion upon the posting, with City of a bond or other- I'orraa of
<br />security acceptable to the Executive Director in the an mmL of the fair vid uer of the
<br />UnCartnpletcal work.
<br />A Certificate of Conipletrarrt is not evidence of compliance with or :vatrsfiaction of
<br />the Loan DOCUnaetats or ,rny oblig;alion (if Dcvctloper to any other party whatsoever,
<br />uncllrrling, auoy balder Of'ri 11101-tg,age or deed 01' tract. A C ertrfa,cate of Completion iS rood.
<br />Trotice cifcompletion" referred to irr. Section 3093 ofIhe Cahfornia Civil Code.
<br />18, IN DEMINIII IC A'u'ION
<br />I S. I Nonliability or City, DevOoper acknowledges and agr ecs tbaa:
<br />(a) The relationship between Dovch)per and City is paid
<br />shall remain sanely that of borrower and lender, City neither undertakes nor assurnes any
<br />responsibility to review, inspect, supervise, approve (ether than for aesthetics) or infirrrar.
<br />Developer of any matter il'r connection with the rehabilitation, including mattc.rs relating
<br />tern (i) the performance of lhwe rebabi.litation work, (it) arcituets, contractors,
<br />Subcontractors and nl ater ialmeu, or the workmanship of air ma w rials used by any of t,heiar,
<br />or (iii) the pro rc-ss of the rehabilitation; and Doveloper shall rely entirely on its ovwir
<br />jUdgnacnt With aeapoct to stash matters and acknowhedg;es that any review, ulspee;tioll,
<br />supervision, approval or iril'ormation Supt>lied to Developer by City in connection with
<br />such matters is solely fear the prokection cif City and that neither Developer nor any third .
<br />party is entrlletl to rein on it;.
<br />(b) Notwithstanding, any other provision of any Loan DocuinQ11L (i)
<br />the City are not a partner, point venture, alter-ego, manager, controlling, pursent or other.
<br />IaUSine;4y associate or p,arlicipanl of any kind of Developer and City aisles not intend to
<br />ever assume Many Snell status: (ii) City's activities in conneclion with the; L,oaari(s) shad ]lot
<br />be "outside the scope of the activities; of ra lender of money" withal the trreaniirgy a)f
<br />Cakfornia Civic Code Section 3434, as mobbed or recodified from time to time, amd City
<br />dOCS' not intend tar CVCr aasSUmL any responsibility to any person fdn dire cpality or safety
<br />ofthe property; aand (6i) t"ity shaell not he decme:d responsible for or a participant in any
<br />acts, omissions or decisions of Dcvcloper,;
<br />M City shall not be directly or indircedy liable or resparrurble for any
<br />lUtiw
<br />or inyjmy ol`aany kind Io any person or prolaMy rCSUlting; front amy Coirsl;ructron on, ol,
<br />oecUparnCy err use Of, the Property, whether arising from: (r) away a ufecat in any building;,
<br />grading, landscaping, or other onsitc or olfsite improvciaaent; (fi) any aCt or• ooaissforr Of
<br />Developer or any of Dcvcloper's agents, empk.)yces, indepelident contractots, licensees
<br />25H -40
<br />
|