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rehabilitation are stored, (b) the right to inspect all labor performed and materials <br />furnished for the rehabilitation, and (c) the right to inspect and copy all documents <br />pertaining to the rehabilitation. Developer may reasonably require City and their agents <br />to be accompanied by Developer representatives. <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 />and to businesses owned by or employing low- and very low- income persons. Section 3 <br />applies to projects for which HUD's share of project costs exceeds $200,000 and <br />contracts and subcontracts awarded on projects for which HUD's share or project costs <br />exceeds $200,000 and the contract or subcontract exceeds $100,000. <br />For purposes of this Section 3 Clause and compliance thereto, whenever <br />the word "contractor" is used it shall mean and include, as applicable, the Developer, and <br />its contractor and subcontractor(s), if any. The particular text to be utilized in any and all <br />contracts of any contractor doing work covered by Section 3 shall be in substantially the <br />form of the following, as reasonably determined by the City, or as directed by HUD or its <br />representative, and shall be executed by the applicable contractor under penalty of <br />perjury: <br />"(a) The work to be performed under this contract is subject to the <br />requirements of Section 3 of the Housing and Urban Development Act of 1968, as <br />amended, 12 U.S.C. 170lu ("Section 3"). The purpose of Section 3 is to ensure <br />that employment and other economic opportunities generated by HUD assistance <br />or HUD -assisted projects covered by Section 3, shall, to the greatest extent <br />feasible, be directed to low- and very low-income persons [inclusive of Very Low <br />Income Persons, Very Low Income Households, and Very Low Income Tenants <br />served by the Project], particularly persons who are recipients of HUD assistance <br />for housing. <br />(b) The parties to this contract agree to comply with HUD's <br />regulations in 24 CFR part 135, which implement Section 3. As evidenced by <br />their execution of this contract, the parties to this contract certify that they are <br />under no contractual or other impediment that would prevent them from <br />complying with the part 135 regulations. <br />(c) The contractor agrees to send to each labor organization or <br />representative of workers with which the contractor has a collective bargaining <br />agreement or other understanding, if any, a notice advising the labor organization <br />or workers' representative of the contractor's commitments under this Section 3 <br />clause, and will post copies of notices in conspicuous places at the work site <br />where both employees and applicants for training and employment positions can <br />21 <br />