My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
80A - JOINT - LOAN AGMT AMCAL
Clerk
>
Agenda Packets / Staff Reports
>
City Council (2004 - Present)
>
2017
>
02/07/2017
>
80A - JOINT - LOAN AGMT AMCAL
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
2/2/2017 4:09:44 PM
Creation date
2/2/2017 3:55:17 PM
Metadata
Fields
Template:
City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
80A
Date
2/7/2017
Destruction Year
2022
Jump to thumbnail
< previous set
next set >
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
246
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
E. Owner shall maintain the improvements on the Property in compliance with all applicable <br />housing quality standards and state and local code requirements and shall keep the Property free <br />from any unreasonable accumulation of debris or waste materials. Owner shall also maintain in <br />a healthy condition any landscaping planted on the Property. <br />F. Owner covenants and agrees for itself, its successors, its assigns and every successor in <br />interest to the Property or any part thereof, there shall be no discrimination against or segregation <br />of any person, or group of persons, on account of race, color, creed, religion, disability, sex, <br />marital status, national origin or ancestry in the sale, lease, transfer, use, occupancy, tenure or <br />enjoyment of the Property nor shall the Owner itself or any person claiming under or through it <br />establish or permit any such practice or practices of discrimination or segregation with reference <br />to the selection, location, number, use or occupancy of tenants, lessees, subtenants, sublessees or <br />vendees of the Property, as required by the Title VI of the Civil Rights Act of 1964, the Fair <br />Housing Act (42 U.S.C. 3601 -20) and all implementing regulations, and the Age Discrimination <br />Act of 1975, and all implementing regulations. <br />G. Not later than the closing for the construction loan for the Project, Owner shall submit to the <br />City Project Manager a Management Plan in a form that is acceptable including, but not limited <br />to, the components listed below. Approval of the Management Plan must be obtained from the <br />City Project Manager not later than the time for the issuance of a certificate of occupancy for the <br />Project. Owner shall manage the Restricted Units in accordance with the approved Management <br />Plan, including such amendments as may be approved in writing from time to time by the City <br />Project Manager, for the term of the income and rent restrictions contained in these Restrictions. <br />The components of the Management Plan shall include: <br />(a) Management Agent. Owner shall submit the name and qualifications of <br />the proposed Management Agent. The City Project Manager shall approve or disapprove the <br />proposed Management Agent in writing based on the experience and qualifications of the <br />Management Agent. <br />(b) Management Agreement. Owner shall submit a copy of the proposed <br />management agreement specifying the amount of the management fee, and the relationship and <br />division of responsibilities between Owner and Management Agent. <br />(c) Annual Budget and Projected Cash Flows. Prior to the issuance of a <br />certificate of occupancy for the Project, and annually thereafter not later than one hundred fifty <br />(150) days after the close of each calendar year thereafter, Owner shall submit a projected <br />operating budget and cash flow to the City Project Manager. The budget and cash flow shall be <br />in a form that is reasonably acceptable to the City Project Manager. <br />(d) Tenant Selection Policies. Owner shall include in the Management Plan <br />the tenant selection policies in accordance with Section 4, above. <br />H. If at any time the Agency determines that the units are not being managed or maintained in <br />accordance with the approved Management Plan, Agency shall provide Owner with notice <br />thereof which notice shall include a reasonable cure period not less than thirty (30) days. If the <br />deficiencies have not been cured within the cure period provided in the Agency notice Owner <br />FJ A <br />
The URL can be used to link to this page
Your browser does not support the video tag.