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Reso 16403
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Reso 16403
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Last modified
5/12/2026 2:27:43 PM
Creation date
5/12/2026 2:27:09 PM
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Template:
CC Index
CC Index - Document Type
Resolution
Meeting Type
Regular
Agency Type
City Council
Date
5/11/2026
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ATTY/RESO.0020/CC RESO APPROVING AMENDMENTS TO HPP GUIDELINES – EXHIBIT B <br />REV: 05-04-26 LF <br />Page 3 of 86 <br />404. Relocation ............................................................................................................ 19 <br />405. Replacement Reserve Account ............................................................................ 19 <br />406. Operating Reserve Account ................................................................................. 19 <br />407. City Monitoring Fee ............................................................................................. 19 <br />408. Notices to City ..................................................................................................... 19 <br />409. Insurance .............................................................................................................. 20 <br />410. Indemnity. ............................................................................................................ 20 <br />410.1 Borrower Indemnity Obligations. .......................................................... 20 <br />410.2 Independence of Insurance Obligations ................................................ 21 <br />410.3 Survival of Indemnification and Defense Obligations .......................... 21 <br />410.4 Indemnification Procedures ................................................................... 21 <br />411. Financial Statements and Reports ........................................................................ 22 <br />412. Books and Records .............................................................................................. 22 <br />413. Compliance .......................................................................................................... 22 <br />500. REHABILITATION ........................................................................................................ 22 <br />501. Covenant to Complete the Rehabilitation Work .................................................. 22 <br />502. Cost of Rehabilitation Work ................................................................................ 22 <br />600. USE AND MAINTENANCE OF THE PROPERTY; NONDISCRIMINATION; <br />RIGHTS OF SECURITY FINANCING HOLDERS ...................................................... 23 <br />601. Restrictive Covenants .......................................................................................... 23 <br />602. Maintenance of the Property ................................................................................ 23 <br />603. Obligation to Refrain from Discrimination.......................................................... 23 <br />604. Form of Nondiscrimination and Nonsegregation Clause ..................................... 23 <br />605. Rights of Access. ................................................................................................. 24 <br />606. Effect and Duration of Covenants ........................................................................ 24 <br />700. DEFAULTS AND REMEDIES ...................................................................................... 24 <br />701. Default.................................................................................................................. 24 <br />702. Remedies. ............................................................................................................. 25 <br />702.1 City ........................................................................................................ 25 <br />702.2 Borrower ................................................................................................ 25 <br />703. Rights and Remedies Cumulative ........................................................................ 25 <br />800. GENERAL PROVISIONS .............................................................................................. 25 <br />801. Notices ................................................................................................................. 25 <br />802. Applicable Law .................................................................................................... 26 <br />803. Enforced Delay; Extension of Times for Performance ........................................ 26 <br />804. Transfers of Interest in Property or Agreement ................................................... 27 <br />804.1 Prohibition ............................................................................................. 27 <br />804.2 Permitted Transfers ............................................................................... 27 <br />805. Relationship Between City and Borrower ........................................................... 27 <br />806. City Approvals and Actions ................................................................................. 27
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