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RecD05 2005-141296
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RecD05 2005-141296
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Last modified
8/8/2007 5:28:12 PM
Creation date
2/22/2006 10:24:59 AM
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Recorded Docs
Recorded Docs - Type
Agreement
Subject
amended & restated isposition & development agreem
Doc Num
2005-141296
Rec Date
8/17/2005
Parties
First Community Housing
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<br />The Developer shall also have the right at all reasonable times to <br />inspect the books and records of the Agency pertaining to the <br />Property and/or the development thereof as pertinent to the <br />purposes of this Agreement. <br /> <br />The Developer agrees to provide to Agency, City~ to any <br />Federal or State department having monitoring or reviewing <br />authority, to City's authorized representatives and/or their <br />appropriate audit agencies upon reasonable notice, access to and <br />the right to examine and audit all records and documents necessary <br />to determine compliance with relevant Federal, State, and local <br />statutes, rules and regulations, and this Agreement, and to <br />evaluate the quality, appropriateness and timeliness of services <br />performed. <br /> <br />The Developer shall maintain and preserve all records <br />relating to this Agreement in its possession of any third party <br />performing work related to this Agreement for a period of three (3) <br />years from the termination date of this Agreement, or until audit <br />findings, if any, are resolved, whichever is greater. <br /> <br />Section 6.07. <br /> <br />Approvals. <br /> <br />a. Approvals required of the Agency or the Developer, <br />or any officers, agents or employees of either the Agency or the <br />Developer, unless a different standard is specified, shall not be <br />unreasonably withheld and approval or disapproval shall be given <br />within the time set forth in the Schedule of Performance or, if no <br />time is given, within a reasonable time. <br /> <br />b. The Executive Director of the Agency is authorized <br />to sign on his own authority amendments to this Agreement which are <br />of routine or technical nature, including minor adjustments to the <br />Schedule of Performance. <br /> <br />Section 6.08. Real Estate Commissions. The Agency shall <br />not be liable for any real estate commissions, brokerage fees or <br />finder fees which may arise from or related to this Agreement. <br /> <br />The Agency and the Developer represent to each other that <br />neither has retained or entered into any agreement with any broker <br />in connection with the sale of the Property or negotiation of this <br />Agreement. <br /> <br />Section 6.09. Indemnification. The Developer shall <br />indemnify and save harmless the Agency, its Board, the City, its <br />Council, and their respective officers, boards, commissions, agents <br />and employees (collectively, "Indemnities") from all claims, suits <br /> <br />45 <br /> <br />REDW\0006\DOC\001-7 <br />3/29/05 3:15 /rove <br />
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