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<br />event of sale prior to the completion of the required affordability <br />period. <br /> <br />Maximum CDBG and HOME subsidy per unit shall not exceed limit <br />established for a three bedroom unit for Section 221 (d)(3) for a three <br />bedroom unit. For HOME eligibility, the dwelling to be used for <br />transitional housing and supportive services to very low income <br />individuals receiving residential and supportive services shall be <br />classified as a Group Home. The maximum monthly housing costs <br />that can be charged by Contractor can be no more than 30% of the <br />individual client's gross income and are based on the appropriate <br />Section 8 Existing Fair Market Rent (FMR) for the unit size. <br /> <br />7. ASSIGNMENT AND SUBCONTRACT <br /> <br />A. Without the written consent of the City Councilor its <br />representative, this Agreement is not assignable in whole or in part. Any <br />assignment by Contractor without the written consent of the City Councilor <br />his/her representative violates this Agreement and shall automatically <br />terminate this Agreement. <br /> <br />B. The public financing provided herein shall be used solely for <br />the purpose of providing services to very low income individuals in the City <br />of Redwood City and to provide a permanent public facility where services <br />can be provided. The project underwriting of this Grant has been <br />accomplished to allow Contractor to leverage other public and private <br />financing for acquisition to enhance the long term sustainability of the <br />public investment. Contractor shall not further encumber, subordinate, sale <br />nor transfer title, nor take any other actions which would jeopardize the <br />economic sustainability and affordability of the property being acquired, nor <br />abandon the services needed by the project beneficiaries, special needs <br />populations, without the written consent of the City Councilor its <br />representative violates this Agreement and shall automatically terminate <br />this Agreement. <br /> <br />8. RECORDS <br /> <br />A. Contractor agrees to provide to City, to any Federal or State <br />department having monitoring or reviewing authority, to City's authorized <br />representatives and/or their appropriate audit agencies upon reasonable <br />notice, access to, and the right to examine and audit all, records and <br />documents necessary to determine compliance with relevant Federal, <br />State, and local statutes, rules and regulations, and this Agreement, and to <br />evaluate the quality, appropriateness and timeliness of services performed. <br /> <br />ATTY/AGR/2008.073 <br />081308 <br /> <br />7 <br />