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(4) Any other means authorized under the City's Municipal Code. <br />(b) Donor or Qualified Designee Remedies. Failure by City to cure any default <br />in the City's obligations under the terms of this Agreement within thirty (30) days after the delivery <br />of a notice of default and failure to cure such default the Donor and Qualifying Designee's sole <br />remedy shall be to institute a suit for specific performance. <br />Section 6.3 Remedies Cumulative. No right, power or remedy given to the City by the <br />terms of this Agreement, or the Ordinance is intended to be exclusive of any other right, power or <br />remedy; and each and every such right, power or remedy shall be cumulative and in addition to <br />every other right, power or remedy'given to the City by the terms of any such document, the <br />Ordinance, or by any statutes or otherwise against Donor, Qualified Designee, and any other <br />person. Neither the failure nor,any delay on the part of the City to exercise any such rights and <br />remedies shall operate as a waiver thereof, nor shall any single or partial exercise by the City of <br />any such right or remedy preclude any other or further exercise of such right or remedy, or any <br />other right or remedy. <br />Section 6.4 Replacement of Qualified Designee. <br />(a) In the event the Qualified Designee is in default hereunder, subject to the <br />applicable cure period set forth in Section 6.2(a), or otherwise refuses to receive the Land <br />Donation, the City may exercise the right to receive the Land Donation. Alternatively, the City <br />may name a replacement Qualified Designee, which approval shall be made by the City Manager <br />or the City Manager's designee on behalf of the City. In reviewing any particular replacement <br />request under this Section, the City Manager or City Manager's designee, may take the following <br />criteria into consideration: <br />(1) If the proposed transfer to a replacement qualifying designee is to <br />occur prior to the Close of Escrow, the proposed transferee's demonstrated experience in <br />developing quality affordable housing developments comparable in scale to the Affordable <br />Development, at a minimum the transferee must meet the general partner experience as defined in <br />the TCAC regulations and must have five (5) or more projects in service for more than three (3) <br />years, of which one shall be in service for more than five (5) years, and two (2) shall be Low <br />Income Housing Tax Credit Projects located in California; <br />(2) The proposed replacement qualifying designee's demonstrated <br />experience in operating affordable housing developments comparable in scale to the Affordable <br />Development consistent with the Affordable Housing Program Guidelines; <br />(3) The proposed replacement qualifying designee's record of material <br />loan defaults, maintenance problems, housing or building code violations, or substantiated fair <br />housing complaints at properties it owns and/or operates. The parties agree and acknowledge that <br />the City will have the right to disapprove a proposed transfer to any person or entity with a record <br />of material loan defaults, maintenance problems, housing or building code violations, and/or <br />substantiated fair housing complaints at properties it owns and/or operates; <br />(4) The proposed replacement qualifying designee's financial status and <br />creditworthiness. The City will not consider any proposed transferee unless the proposed transferee <br />ATTY/AGR/2024.143.1—AFFORDABLE HOUSING LAND DONATION AGREEMENT <br />REV: 10-22-24 VR <br />Page 25 of 25 <br />