RecDoc 2020-115558 - Laserfiche WebLink

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for compliance with this Agreement at least one (1) time per year upon forty-eight hours (48) prior notice. The Owner agrees to cooperate in such inspection. ARTICLE 4 OPERATION OF THE DEVELOPMENT 4.1 Residential Use. (a) The Affordable Units shall be used only for residential purposes, and the Affordable Units shall be operated and maintained as residences for the Term of this Agreement. No part of the Affordable Units shall be operated as transient housing in which the term of the lease or rental agreement is less than thirty (30) days. 4.2 Occupancy Preferences. (a) All of the Affordable Units shall be available for occupancy on a continuous basis to members of the general public who are income eligible. Subject to subsection (b) below, owner shall not give preference to any particular class or group of persons in renting the Affordable Units, except to the extent that the Affordable Units are required to be leased to 50% AMI Households or 80% AMI Households. (b) Applicants for vacant Affordable Units shall be given preference in the following order, subject to applicable fair housing laws: (1) eligible households (based on income) of which at least one adult member is employed or has been offered employment by Owner on land owned by Owner in Redwood City for a minimum of 30 hours per week, at or above minimum wage (including, without limitation, postdoctoral research fellows); (2) eligible households (based on income) of which at least one adult member is employed or has been offered employment by Owner or any affiliate of Owner for a minimum of 30 hours per week, at or above minimum wage (including, without limitation, postdoctoral research fellows); (3) eligible households (based on income) of which at least one adult member lives, is employed, or has been offered employment, within the city limits of Redwood City; and (4) all other eligible households (based on income) who do not meet the criteria for priorities (1), (2), or (3) above. ARTICLE 5 PROPERTY MANAGEMENT AND MAINTENANCE 5.1 Management Responsibilities. Owner is responsible for performing or causing to be performed all management functions with respect to the Affordable Units, including without limitation the selection of tenants, certification and recertification of household size and income, evictions, collection of rents and deposits, maintenance of interior and exterior improvements including landscaping (normal wear and tear excepted), routine and extraordinary repairs, replacement of capital items, and security. Owner's management shall be in accordance with all applicable laws, rules, ordinances, orders, and regulations of all federal, state, county, municipal, and other governmental agencies and bodies having or claiming jurisdiction and all their respective departments, bureaus, and officials. The City shall have no responsibility over management of REV: 09-29-2020 VR ATTY/AGR.2020.215/Stanford - Cardinal Apartments (Page 9 of 16)