RecD05 2005-141296 - Laserfiche WebLink

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v. Officers, employees, agents or representatives of the Agency and the City shall have the right of reasonable access to the Property, without the payment of charges or fees, during normal construction hours during the period of construction of the Project for the purposes of this Agreement, including, but not limited to, the inspection of the work being performed in constructing the Project. Such officers, employees, agents or representatives of the Agency and/or the City shall be those persons who are so identified by the Executive Director. w. The Developer shall provide the Agency with a completion bond or completion guaranty, issued by an insurer approved by the Agency in the reasonable exercise of its discretion, which shall insure that the Project will be completed if the Developer defaults in the terms of this Agreement regarding completion of the Project in compliance with the Schedule of Performance. The completion bond will be in an amount not less than the amount estimated by the Developer for the complete construction of the Project as set forth in pro forma budgets prepared by the Developer and approved by the Agency. x. The Developer acknowledges that federal funds will be used in the development of the Project. The Developer agrees to provide the Agency with such forms and/or reports as might be required by the terms of the federal program from which such funds are derived. If the Developer enters into any leases with any tenants on the Property, the leases shall contain language requiring the tenants to provide the Agency with such forms and/or reports as might be required by the terms of the federal programs. y. With regard to Federal Laws and regulations, the Developer shall, unless otherwise exempted under Federal, State or local law, comply with following as set forth in Subpart K, (Sec. 570.600-612), Code of Federal Regulations (September 6, 1988): i. Public Law 88-352, Title VI of the Civil Rights Act of 1964, which provides that no person in the United States shall be excluded from participation in, be denied the benefits of, or be subjected to discrimination under any program or activity receiving Federal financial assistance, including community development funds, on the grounds of race, color, or national origin. ii. Public Law 90-284, Fair Housing Act (42 U.S.C. 3601- 20), which provides that it is the policy of the United States to provide, within constitutional limitations, fair housing throughout the United States and prohibits any person from discriminating in the sale, rental, or financing of housing on the 20 REDW\0006\DOC\001-7 3/29/05 3:15 /rove