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<br />1, annually on July 15 for the duration <br />Declaration of Affordability Covenants; and <br /> <br />of <br /> <br />the <br /> <br />2) Occupancy Report. Biannually on every June 30th and <br />December 31st of every year the Declaration of <br />Affordability Covenants is in effect, the Developer shall <br />submit an Occupancy Report. The form of the Occupancy <br />Report shall be in the discretion of the Developer, so <br />long as the Occupancy Report contains at minimum, the <br />following items: <br /> <br />i) Total number of Units of Project that are <br /> occupied; <br />ii) Total number of Units of the Project that are <br /> vacant; <br />iii) Total number of units occupied by households <br /> earning 20% of the AMI; and <br />iv) Total number of units occupied by households <br /> earning 40% of the AMI. <br />v) Total number of units occupied by households <br /> earning 50% of the AMI. <br /> <br />8. <br /> <br />Environmental Review <br /> <br />The City has conducted the necessary environmental review <br />consistent with CEQA and NEPA regulations and will obtain the <br />Release of Funds from HUD required to disburse the HOME Funds under <br />this Agreement. The Developer must comply with mitigations <br />required pursuant to any CEQA and NEPA review applicable to this <br />Project. The City will make said environmental reports available <br />to the Developer at the time the Developer executes this Agreement. <br /> <br />9. <br /> <br />Plan and Specification Permits <br /> <br />The Developer agrees that all plans and specifications <br />required to be prepared for any and all development of the Property <br />shall be submitted both to the Agency and to the appropriate <br />department of the City for approval prior to the commencement of <br />the development. Additionally, the Developer shall apply for and <br />receive all approvals and/or permits required under Federal, State <br />or City regulations as are necessary for the Project and/or as <br />necessary for Developer's intended use of the Property. <br /> <br />10. <br /> <br />Quality/Workmanship <br /> <br />All works of improvement must be constructed and finished <br />in accordance with all applicable provisions of the Redwood City <br />Municipal Code and the regulations and procedures of its various <br /> <br />B-3 <br /> <br />REDW\0006\DOC\001-7 <br />3/29/05 3:15 /rove <br />