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3 - LOAN AGREEMENT FOR AMCAL_2018-01-16
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3 - LOAN AGREEMENT FOR AMCAL_2018-01-16
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8/1/2018 9:24:34 AM
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2/14/2018 3:08:18 PM
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City Clerk
Agency
Community Development
Item #
3
Date
1/16/2018
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<br />25 <br /> <br />(a) Developer acknowledges and agrees to hire a Relocation <br />Consultant to provide relocation services, pursuant to the Uniform <br />Relocation Act and Real Property Acquisition Policies Act of 1970 <br />(“URA”) and 24 CFR 92.253. <br /> <br />(b) The Agency, Developer, and Relocation Consultant will meet <br />periodically during the relocation to provide updates and review <br />tenant files, including at Project approval and prior to final benefit <br />calculations. The Developer and Relocation Consultant shall carry <br />out activity in compliance with URA and the Agency’s Acquisition <br />and Relocation Policy and Procedures Manual (“Manual”). <br /> <br />(c) The Developer and Relocation Consultant shall maintain accurate <br />records and files pertaining to the temporary and permanent <br />relocation of tenants, in accordance with URA and the Agency’s <br />Manual. <br /> <br />(d) The Developer and Relocation Consultant shall provide all <br />relocation and tenant files to the Agency once relocation is <br />complete at the Project. <br /> <br />11.13 Other Program Requirements. Developer shall carry out each activity in <br />compliance with all federal laws and regulations described in subpart H of 24 CFR 570, <br />except that Developer does not assume Agency's responsibilities for environmental <br />review in 24 CFR 92.352 or the intergovernmental review process in 24 CFR 92.359. <br /> <br />11.14 Request for Disbursements of Funds. Notwithstanding anything <br />contained in this Agreement to the contrary, Developer may not request disbursements of <br />funds under this Agreement until the funds are needed for payment of eligible costs. The <br />amount of each request shall be limited to the amount needed. <br /> <br />11.15 Eligible Costs. Developer shall use funds from the Low and Moderate <br />Income Housing Asset Fund to pay eligible costs identified only within the Project <br />Budget attached herewith as Exhibit E. <br /> <br />11.16 Records and Reports. Developer shall maintain and from time to time <br />submit to Agency such records, reports and information as the City Project Manager may <br />reasonably require in order to meet Agency record keeping and reporting requirements. <br /> <br />11.17 Uniform Administrative Requirements. Developer shall comply with <br />the requirements and standards of OMB Circular No. A-122, "Cost Principles for Non- <br />Profit Organizations," and with the following Attachments to OMB Circular No. A-110: <br /> <br />(a) Attachment A, "Cash Depositories", except for paragraph 4 <br />concerning deposit insurance; <br /> <br />(b) Attachment B, "Bonding and Insurance"; <br />EXHIBIT 3 <br />3-35
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