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SANTA ANA ARTS COLLECTIVE, L.P. (META HOUSING PROJECT)
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Last modified
2/14/2018 2:53:31 PM
Creation date
8/24/2017 4:41:53 PM
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Contracts
Company Name
SANTA ANA ARTS COLLECTIVE, L.P. (META HOUSING PROJECT)
Contract #
A-2017-173
Agency
COMMUNITY DEVELOPMENT
Council Approval Date
7/5/2017
Expiration Date
7/5/2047
Destruction Year
0
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(c) Tenant Satisfaction Survey: The Developer shall complete and <br />submit to the City biennial tenant satisfaction surveys of tenants. <br />(d) Rental Inclusionary Housing Manual: The Developer shall also <br />maintain compliance with the City's Inclusionary Housing Manual for Rental <br />Projects. <br />11.23 Controlline Covenants. If there is a discrepancy between Local, State and Federal <br />law with regard to any of the aforementioned covenants, the more stringent shall apply. <br />12. MAINTENANCE, MANAGEMENT, OPERATION, PRESERVATION AND <br />REPAIR OF PROPERTY <br />12.1 Maintenance. Developer shall maintain the Property (and all abutting grounds, <br />sidewalks, roads, parking and landscape areas which Developer is otherwise required to <br />maintain) in good condition and repair; shall operate the Property in a businesslike manner; <br />shall prudently preserve and protect its own as well as the City's interests in connection <br />with the Property; shall not commit or permit any waste or deterioration of the Property <br />(except for normal wear and tear); shall not abandon any portion of the Property or leave <br />the Property unguarded or unprotected; and shall not otherwise act, or fail to act, in such a <br />way as to unreasonably increase the risk of any damage to the Property or of any other <br />impairment of City's interests under the Loan Documents. Without limiting the generality <br />of the foregoing, and except as otherwise agreed by City in writing from time to time, <br />Developer shall promptly and faithfully perform and observe the following provision: <br />1.2.1.1 Alterations and Repair. Developer shall not remove, demolish or materially alter <br />any Improvement without City's prior consent, except to make non-structural repairs which <br />preserve or increase the Property's value, and shall promptly restore, in a good and <br />professional manner, any Improvement (or other aspect or portion of the Property) that is <br />damaged or destroyed from any cause. <br />12.2 Compliance. Developer shall comply with all laws and requirements of <br />Governmental Authority (including, without limitation, all requirements relating to the <br />obtaining of Governmental Authority approvals), all Governmental Authority approvals <br />and all rights of third parties, relating to Developer, the Property or Developer's business <br />thereon. <br />12.3 Taxes and Impositions. Developer shall pay, prior to delinquency, all of the <br />following (collectively, the "Impositions"): (a) all general and special real property taxes <br />and assessments imposed on the Property; (b) all other taxes and assessments and charges <br />of every kind that are assessed upon the Property (or upon the owner and/or operator of the <br />Property) and that create or may create a lien upon the Property (or upon any personal <br />property or fixtures used in connection with the Property), including, without limitation, <br />non-governmental levies and assessments pursuant to applicable covenants, conditions or <br />restrictions; and (c) all license fees, taxes and assessments imposed on City (other than <br />City's income or franchise taxes) which are measured by or based upon (in whole or in <br />part) the amount of the obligations secured by the Property. If permitted by law, ,Developer <br />may pay any Imposition in installments (together with any accrued interest). <br />
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