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. � , � Section 2.03 Compliance with Rental Affordabilitv Covenants In order to ensure compliance with this Article, each of the following shall occur: (a) Decla�ant and its successors shall ensure that each lessee occupying an Affordable Unit on the Property executes under penalty of perjury an income verification and information form ("Income Verification and Information Form"), in a form reasonably acceptable to the City, certifying the �essee's income. Affordable Units shall be leased only to Qualified Lessees. (b) Declarant and its successors shall obtain a copy of the federal income tax return for each lessee occupying an Affordable Unit for the taxable year immediately preceding such lessee's initial occupancy in the Project or, if a lessee occupying an Affordable Unit certifies that he or she did not file or did not retain a copy of such tax return, or other satisfactory evidence of income for such year, such as wage statements or employer records. (c) Annually, Declarant and its successors shall provide to the City copies of said executed Income Verification and Information Forms with respect to each lessee occupying an Affordable Unit along with a summary for the applicable year signed by Declarant or its successor, certifying compliance with the provisions of this Declaration under penalty of pery'ury. (d) To certify the compliance of Declarant or its successor with these provisions, the Ciry shall have a right to inspect the books and records pertaining to such matters of the then owner(s) or operator(s) of the Property. Section 2.04. Occupancv Report. Bi-annually on every June 30` and December 31 of every year of the Rental Affordability Covenants Term, Declarant shall submit an Occupancy Report. The form of the Occupancy Report shall be in the discretion of Declarant, so long as the Occupancy Report contains, at a minimum; the following items: i) Total number of units of the Project that are occupied; ii) Total number of units of the Project that are vacant; iii) Total number of Affordable Units that are occupied; and iv) Total number of Affordable Units that are vacant. REDVN0001 \DOC\022-0. DOC 6/3/09 1200 HvT 5'