Regulatory Agreeement for ROEM - Laserfiche WebLink

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total gross household income of residents; (vii) documentation of source of household income; (viii) lease commencement and termination dates, (ix) initial move -in date, and (x) the information required by Section 3.1. any other information or completed forms requested by the City. (b) In addition to the information described above, the Annual Report shall include the following: (1) A Project income and expense statement for the reporting period; (2) Proposed annual budget for the next fiscal year in accordance with Section 3.5 below; (3) A report on maintenance and other issues anticipated to affect the current budget needs of the Project as well as the amount in the Project's reserve accounts and the amount expected to be needed for major repairs or other needs during the new fiscal year; (4) Information on the status of the waiting list for residential units; and (5) A financial audit of the books and records of the Project prepared in accordance with generally accepted auditing standards by an independent certified public accountant. City may require the audit to be accompanied by a supplemental report prepared in accordance with City's requirements. 3.3 Additional Information. Within fifteen (15) days after receipt of a written request, the Owner shall provide any additional information reasonably requested by the City. The City shall have the right to examine and make copies of all books, records or other documents of the Owner which pertain to the Development. 3.4 Records. (a) The Owner shall keep and maintain at the Development, or elsewhere with the City's written consent, complete, accurate and current records pertaining to the Development, and shall permit any duly authorized representative of the City to inspect records, including records pertaining to income and household size of Residents, Rent charged Residents and affirmative marketing requirements. All Resident lists, applications and waiting lists relating to the Development shall at all times be kept separate and identifiable from any other business of the Owner and shall be maintained as required by the City, in a reasonable condition for proper audit and subject to examination during business hours by representatives of the City. The Owner shall retain copies of all materials obtained or produced with respect to occupancy of the Units for a period of at least five (5) years. (b) The City shall notify Owner of any records it deems insufficient. Owner shall have fifteen (15) calendar days after the receipt of such a notice to correct any deficiency in the records specified by the City in such notice, or if a period longer than fifteen (15) days is reasonably necessary to correct the deficiency, then Owner shall begin to correct the deficiency within fifteen (15) days and correct the deficiency as soon as reasonably possible. 1199\09\2724482.6 10