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required by the City, in a reasonable condition for proper audit and subject to examination during business hours upon at least two (2) business days prior written notice by representatives of the City. Affordable Developer shall retain copies of all materials obtained or produced with respect to occupancy of the Affordable Units for a period of at least five (5) years. The City shall notify Affordable Developer of any records it deems insufficient. Affordable Developer shall have thirty (30) 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 thirty (30) days is reasonably necessary to correct the deficiency, then Affordable Developer shall begin to begin to correct the deficiency within thirty (30) days and correct the deficiency as soon as reasonably possible. Section 3.5 On-site Inspection. The City shall have the right to perform an on-site inspection of Affordable Development at least one (1) time per year upon forty-eight (48) hours prior written notice and subject to the rights of Residents under their respective leases during reasonable business hours and reasonable security and safety requirements. Affordable Developer agrees to cooperate in such inspection. Section 3.6 Monitoring Fee. To the extent permitted under applicable law, Affordable Developer shall be obligated to pay to City an annual affordable housing monitoring fee in the amount set forth in the City's master fee schedule for each Affordable Unit (the "Affordable Housing Monitoring Fee"). This fee is payable at initial lease -up of each Affordable Unit, upon each annual review. The City will not charge an annual Affordable Housing Monitoring Fee in the same year that the City charges a fee in connection with the initial lease -up. If the City determines, in the exercise of its reasonable discretion, that Affordable Development requires additional technical assistance or compliance monitoring in an amount in excess of the typical time required for comparable projects, the City shall give the Affordable Developer, the Investor Limited Partner, and all Senior Lenders a detailed explanation of the deficiencies and Affordable Developer shall have ten (10) days to address the issues identified. If the City determines that the issues have not been adequately addressed, Affordable Developer shall pay City for such additional costs at the rate of $190 per hour, or such other amount approved in the City's master fee schedule approved by the City from time to time. All compliance monitoring and technical assistance fees shall be payable to City within fifteen (I 5) days following City's written request for payment, and City shall have the right to file a lien against the Affordable Site if such fees are not paid within thirty (30) days of such written request. If in any year Affordable Developer demonstrates to the City's satisfaction there is insufficient Affordable Development cash flow available to pay the Affordable Housing Monitoring Fee, the City will permit the fee to be deferred. Any deferred amounts shall accrue and shall be payable from future Affordable Development cash flow and until such deferred amounts are paid, Affordable Developer shall submit to the City annually an Affordable Development cash flow statement.] ARTICLE 4 OPERATION OF THE AFFORDABLE DEVELOPMENT Section 4.1 Residential Use. Affordable Development shall be operated only for residential use. No part of Affordable Development shall be operated as transient housing in which the term of occupancy is less than thirty (30) days. No part of the Affordable Development may be operated as an emergency shelter (including shelter for disaster victims) or facilities such as ATTY/AGR/2024.193.1—AFFORDABLE HOUSING LAND DONATION AGREEMENT — EXHIBIT G — RESTRICTIVE COVENANTS AGR REV: 10-22-24 VR Page 13 of 41