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Section 8.02. Covenants of the Developer The Developer covenants for the benefit of <br /> the City as follows: <br /> A. Financial Records. Until the date which is one year following the Acceptance <br /> Date for the final Facility, the Developer covenants to maintain proper books of record <br /> and account for the construction of the Facilities and all costs related thereto. Such <br /> accounting books shall be maintained in accordance with generally accepted accounting <br /> principles, and shall be available for inspection by the City or its agent at any reasonable <br /> time during regular business hours on reasonable notice. <br /> B. Prevailing Wages. The Developer covenants that, with respect to any <br /> contracts or subcontracts for the construction of the Facilities to be acquired from the <br /> Developer hereunder, it will require the contractor or subcontractor to assure complete <br /> compliance with any applicable law or regulation for the payment of prevailing wages. <br /> C. Compliance with Laws. The Developer shall not with knowledge commit, <br /> suffer or permit any act to be done in, upon or to the lands of the Developer in the CFD <br /> or the Facilities in violation of any law, ordinance, rule, regulation or order of any <br /> governmental authority or any covenant, condition or restriction now or hereafter <br /> affecting the lands in the CFD or the Facilities. <br /> D. Land Owners. The Developer agrees that in the event that it sells any land <br /> owned by it within the boundaries of the CFD after the date hereof (other than to an <br /> individual prospective homeowner), the Developer will (i) notify the City within 30 days <br /> of the sale, in writing, identifying the legal name of and mailing address for the <br /> purchaser, the applicable County Assessor's parcel number or numbers for the land sold <br /> and the acreage of the land sold, (ii) notify the purchaser in writing prior to the closing of <br /> any such sale of the existence of this Acquisition Agreement and, in general, the <br /> Developer's rights and obligations hereunder with respect to the construction of and <br /> payment for the Facilities, and (iii) notify the purchaser (including for purposes of this <br /> clause (iii) any prospective homeowner buying property from the Developer) in writing <br /> of the existence of the CFD and the special tax lien in connection therewith, and <br /> otherwise comply with any applicable provision of Section 53341.5 of the Act. <br /> E. Additional Information. The Developer agrees to cooperate with all <br /> reasonable written requests for nonproprietary information by the original purchasers of <br /> the Bonds or the City related to the status of construction of improvements within the <br /> CFD, the anticipated completion dates for future improvements, and any other matter <br /> material to the investment quality of the Bonds. <br /> F. Continuing Disclosure. The Developer agrees to comply with all of its <br /> obligations under any continuing disclosure agreement executed by it in connection with <br /> the offering and sale of any of the Bonds. <br /> G. Ownership By Affiliates. The Developer agrees to provide to the City's <br /> Finance Director on the date of issuance of the Bonds, on (or within five (5) business <br /> days of) July 1 of each year so long as the Bonds are outstanding, and on any other date <br /> -24- <br />