Res17 15621 - Laserfiche WebLink

Browse Search

improvements and the landscaped areas on the Property. All costs expended by City in connection with the foregoing, shall constitute an indebtedness of Owner, and shall be paid by Owner to City upon demand. All such sums remaining unpaid thirty (30) days following delivery of City' s invoice therefor shall bear interest at the lesser of 10% per annum or the highest rate permitted by applicable law. 6.5 Marketing and Management Plan. Not later than six (6) months following commencement of construction of the Project, Owner shall submit for City review and approval, a plan for marketing and managing the Property ("Marketing and Management PIan" or "Plan"). The Marketing and Management Plan shall address in detail how Owner plans to market the Restricted Units to prospective Eligible Households in accordance with fair housing laws and this Agreement, Owner's tenant selection criteria, and how Owner plans to certify the eligibility of Eligible Households. The Plan shall also describe the management team and shall address how the Owner and the management entity plan to manage and maintain the Property and the Project. The Plan shall include the proposed management agreement and the form of rental agreement that Owner proposes to enter into with Project tenants. Owner shall abide by the terms of the Marketing and Management Plan in marketing, managing, and maintaining the Property and the Project, and throughout the term of this Agreement, shall submit proposed modifications to City for review and approval. In addition to the foregoing, the Marketing and Management Plan shall address the following: (i) The actions to be taken by Owner to affirmatively market units in compliance with fair housing laws and in compliance with City's policies and procedures, including the policies described in Section 0 above; (ii) Criteria for determining tenant eligibility, including certification of household income and size, age of household members, and establishing reasonable occupancy standards (which shall not exceed standards established by state and federal fair housing laws and state housing and building codes) and procedures for screening prospective tenants, including obtaining credit reports, unlawful detainer reports, landlord references, and criminal background investigations; (iii) A requirement that eligible tenants be selected based on order of application, lottery or other reasonable method approved by City; (iv) A requirement that eligible applicants be notified of eligibility and be provided an estimate regarding when a unit may be available; (v) A requirement that ineligible applicants be notified of the reason for their ineligibility; (vi) Specific procedures through which applicants deemed to be ineligible may appeal this determination; (vii) Maintenance of a waiting list of eligible applicants; ATY/AGR/2017.218/RWC — BRADFORD — DDA REV: 09-18-17 VR Page 74 of 94