Laserfiche WebLink
power of the City hereunder or arising from any default by Developer, nor shall the City <br />owe any duty whatsoever to any claimant for labor performed or materials furnished in <br />connection with the rehabilitation of the Property. <br />9.16 Control of Property. The parties acknowledge that neither the City has at anytime <br />participated in any manner in the management or operation of the Property, and will not so <br />participate at any time hereafter. <br />10. CONDITIONS FOR REHABILITATION <br />10.1 Permits and Approvals. Developer shall diligently obtain all <br />permits, including all building permits, licenses, approvals, exemptions and other <br />authorizations of Governmental Agencies required in connection with the rehabilitation <br />and conversion of the Property. <br />10,2 Commencement and Completion of Rehabilitation. <br />The rehabilitation shall be considered complete for purposes of this Agreement <br />only when (a) all work described has been completed and frilly paid for, and (b) all work <br />requiring inspection or certification by Governmental Authority has been completed and <br />all requisite certificates, approvals and other necessary authorizations (including required <br />final certificates of occupancy) have been obtained. <br />10.3 Chante Orders. The Rehabilitation Contract shall not be modified <br />except pursuant to change orders. All change orders: <br />(a) shall be in writing, numbered in sequence, signed <br />by Developer and submitted to City prior to the proposed effectiveness thereof and <br />accompanied by any working drawings and a written narrative of the proposed change. <br />(b) Shall be subject to the Executive Director's and Bank's <br />prior written approval of the Executive Director and Bank. <br />10.4 Entry and Inspection. At all times prior to completion of the <br />rehabilitation, upon reasonable notice, City and their agents shall have (a) the right of free <br />access to the Property and all sites away from the Property where materials for the <br />rehabilitation are stored, (b) the right to inspect all labor perfonned and materials <br />furnished for the rehabilitation, and (c) the right to inspect and copy all documents <br />pertaining to the rehabilitation. <br />10.5 Compliance with Section 3 Clause. Section 3 of the Housing and <br />Urban Development act of 1968, 12 U.S.C. 1701u, as amended by Section 915 of the <br />Housing and Community Development Act of 1992 requires that economic opportunities <br />generated by HUD financial assistance for housing and community development <br />programs be targeted toward low- and very low- income persons. Whenever HUD <br />assistance generates opportunities for employment or contracting, state and local <br />grantees, as well as other recipients of HUD housing assistance funds must, to the <br />greatest extent feasible, provide these opportunities to low- and very low- income persons <br />20 <br />