Laserfiche WebLink
<br />EXHIBIT C <br /> <br />(a) Declarant and its successors shall ensure that each lessee <br />occupying an Affordable Bed on the Property executes under penalty of <br />perjury an income verification and information form ("Income Verification <br />and Information Form"), in a form reasonably acceptable to the City, <br />certifying the lessee's income. Affordable Beds will be leased only to <br />lessees who have incomes qualifying under the Affordability Covenants <br />set forth herein. <br /> <br />(b) Declarant and its successors shall obtain a copy of the federal <br />income tax return for each lessee occupying an Affordable Bed for the <br />taxable year immediately preceding such lessee's initial occupancy in the <br />Project or, if a lessee occupying an Affordable Bed certifies that he or she <br />did not file or did not retain a copy of such tax return, other satisfactory <br />evidence of income for such year, such, as wage statements or employer <br />records. <br /> <br />(c) To certify the compliance of Declarant or its successor with these <br />provisions, the City shall have a right to inspect the books and records <br />pertaining to such matters of the then owner(s) or operator(s) of the <br />Property. <br /> <br />5. Occupancy Report. Annually, by July 15 each year, Declarant and its <br />successors shall provide to the City benefit reports on a form provided by City's <br />Housing Coordinator, certifying compliance with the provisions of this Declaration <br />under penalty of perjury. <br /> <br />The form of the Occupancy Report shall be in the discretion of Declarant, so long <br />as the Occupancy Report contains, at a minimum, the following items: <br /> <br />i) Total number of Beds of the Project that are occupied; <br />ii) Total number of Beds of the Project that are vacant; <br />iii) Total number of Beds that are occupied by persons or households <br />earning 50% of the AMI; and <br /> <br />FindinQs <br /> <br />I. This grant is made with the express understanding and requirement that <br />the Declarant will exclusively use the Property hereunder granted by providing <br />affordable transitional housing and related supportive services for certain special <br />needs individuals who meet the qualifications to be determined as "Eligible <br />Households" defined herein in Exhibit A. <br /> <br />II. This property to be acquired is assisted with Community Development <br />Block Grant and HOME funds. This Declaration of Affordability Covenants and <br />related documents set forth the specific affordability covenants and restrictions <br /> <br />ATTY/AGR/2008.072 <br />081108 <br /> <br />3 <br />