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6.1.E. - Page 10 <br /> �.02 below, has rlsen abov� the then-in-sifect �!lcwable incomeT OW(dER shel� effher <br /> terminabe ti�e tsnan�y af the �nrmerly qu�llfied lessee and meice tf�e Atforclable U�it <br /> ava�lable and af�nrdable to a new Qualified Lessee.or r�Eee#he rent o�such t�nar�t#o ths <br /> current rent�or a o�mparable Market Rafe Unf� prov�deci, hc�v��� th�#i����,t shall <br /> the number of Ai�ar�dable Units fi�lf belaw seventeen (17). On the te�mlpaf�pn nf the � <br /> tenancy of an Affordable Uni� the Ai#oMable Unit shall cohtmue to �e deem� �� i <br /> AffordaWe Un�t urr�l reoc.�upled by a nernr QualtNed�ee, � <br /> Secfion 4.0�. Te � � <br /> � <br /> OWNER hareby agrees that the Rent�l Affanda�illty Covenarrts as desrxtbed i� � <br /> Sec�on 4.�1 �bovae sffall be e1'feofiv�a as of the daie af ret;ordado�5 of thfs Agreement, and <br /> sf��!! rema�n in effed ur�tl ths �ty-tfft� (55"'} �nnlver�ry pf s�ic� ��� unl9S5 oth8rwise <br /> termihated �s provided in Ssr�tlon 5.U1, below �the "Rent�l Aib�,fablll[y Covena�bs <br /> T�rm"}, ' <br /> �ectron�4.03. �n C <br /> � <br /> In order to ensure compliance with this AHi�Je,each af the falfowing shs�f occur. ' <br /> a <br /> (a) OWNER and its�ua�sors sh�ll ansur�that e$ch person applyin9 <br /> ta a�cupy�Af�obable Unit on�he PropertY��utas�under penalty of perJury�n income <br /> vertftca#inn �d �r�nrmation fiortn �"�t�corne Veriflc��ion and lnfamatlon Form"), ln a form <br /> reasonably accep#�blg to the �ity, cemfying the�pplicarrt's lncome.A�orrlable Unfts shal! ! <br /> be leasea only bo Qu�lffled Leasees, � <br /> (b) OWMER and i� suc�essors sh�ll abta�n � capy of tha tederel � <br /> incame tax rett�m for esch person appfy�ng i� occWpy an Affordable UMt tor the t�ptabie � <br /> year Immed�at�ly prec�din� �uch spplicant's rnit�al occxipancy in the Profect or, if �n <br /> applicant declerES under penslty of perJury that �e or�he did not flle ar dld nr�t refafn a <br /> �py of s�ah t�c retum, or a�ther evidence of incoms fur such ye�r, satisf�c�Ory to��C�y <br /> in ECs soie discrefion,suci�as►r�ge siatemenE�or empto�rer reoaMs, <br /> � <br /> � <br /> (c) Annu�l�y. OWNER �nd tts su��rs shalE provide b the City a � <br /> our�+etrt,exect�ed Income Vetifk;af�on artd Inforrnatian Farm for eat:h p�rson oocupy[nQ�n ' <br /> Aifor�dable Uhit, alor�g vv� a summary for the appltcable y�ar si�n�cl by OVVNER or ite f <br /> successor, cer�fyltYg cx�mpfi�ce uvifh the pror►fabns of thig Agresmer�t t,x�der penalty of <br /> perjury. , <br /> (d} To oertlfy the oomplfance of OVVIdEFt or tFs successor with mss� <br /> �rov�slons, the Clty shafl f�eve a risht to tnsper�the bo�ks and reca�ds p�rteining to�uch <br /> matt�rs a�fihe then owner(s)ar vperator(s)of the Prop�tty. <br /> �a�g.04. m F �. . . <br /> Bf�annually on June 3QEh and Deoemb�r 3'(st of every year of the Ren�f <br /> A�`ordability Covenartt� Term: OWNER sh�ll submit a Ftepar�tn the �ity cnr��nihQ, at � ; <br /> minimurYt,the fol�owing i1�ms and I�f�maEian: <br /> i) A slte map s�awing the un�numbe�s and lacetion$of a�l unt#s � <br /> and all Affardabfs Units; <br /> R <br /> 7 <br />