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AgdaPkt 2012-10-08
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AgdaPkt 2012-10-08
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Last modified
11/1/2012 2:44:22 PM
Creation date
10/4/2012 4:59:31 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency
Date
10/8/2012
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6.1.G. - Page 7 <br /> demonstrating the means and methods OWNER wil! use to ad�ertise and locate <br /> qualified tenants for Affordable Units. <br /> B. OWNER and its successors shall snsure that each persan applying to occupy an <br /> Afforclable Unit on the Property executes under penalty of perjury an incorne, �erification <br /> and informatian form ("fncame Verification and Information Form"), in a fflrrrr reas�nably <br /> acceptable to the C1TY, certifying the apPlicant's income. Affordable Units shafl be <br /> leased only to Qualified Lessees. <br /> C. OWNER and its successors shafl obtain a capy of the federal income tax return for <br /> each person applying ta occupy an Affordabfe Unit for the taxabEe year immediately <br /> preceding such applicant's initial occupancy in the Project or, if an applicant declares <br /> under penaity af perjury that he or she did not fi[e or did not retain a capy of such tax <br /> return, other e�idence of income far such year, satisfactory to the ClTY in its sofe <br /> discretion, such as wage statemenfs or er�ployer records. <br /> D. Annually, OWNER and its successors shafi pro�ide to the CITY a current, executed <br /> fncome Verification and fnformation Form far each person occupying an Affordable Unit, <br /> along with a sumrrrary for the app�icable year signed by OWNER or ifs successor, <br /> certifying compliance with the pro�isions of this Agreement under penafty of perjury. <br /> Annually, OWNER shall obtain a copy of the federal income tax return for each persan <br /> accupying an Affordable llnit for the immediateiy preceding taxable year or, if an <br /> applicant declares under penalty of per�ury that he or she did not file or did not retain a <br /> capy of such tax return, other e�idence of income for such year, satisfactory to the CfTY <br /> in its sole discretion, such as wag�s#atements or employer records. <br /> E. To certify the comp(iance of OWNER or its successor with #hese pro�isions, the CiTY <br /> shall ha�e a right to inspect the Property booKs and reco�ds per�aining to such matters of <br /> the then owner(s) or operator{s} of the Property. <br /> Section 4.04. Affordability Compliance Reqort. <br /> Bi-annually on June 30th and Decernber 31st of every year of the Rental Affordabifity <br /> Co�enants Term, or the �oflowing business day in the s�ent that such date shall fall on a <br /> weekend or legal holiday, OWNER shall submit a Report to the CITY cantaining, at a minimum, <br /> the fa[lowing items and ir�formation: <br /> A. A site map showing the unit numbers and locations of afl units ancf al! Affordable <br /> L.JRits; <br /> B. Total number of Affordable Uni#s that are occupied; <br /> C. Total number of Affordable Units that are, �acant; <br /> D. A certified re�# roll for afl units contair�ing the unit numbers, the lease <br /> commencement and expiration dates, the numbers af bedroams and bathrooms <br /> within the rented units, the rental rate far each rented unit, and indicating which units <br /> are rented as Affordable Units; <br /> E. For each Affordabie Uni#, the unit size, ho�sehold size, househald income, income <br /> iimits for a Qualifying Lessee, Maximum Affordable Rent Payment for a Qualifying <br /> Lessee, utility allawance, and total monthly rent. <br /> F. E�idence that the income for each tenant of an Affordable Unit does not exceed #he <br /> maximum income for a Qualifyir�g Lessee and evidence fhat the rent payrrzent does r�ot <br /> exceed the Maxim�m Affordable Rent Payment adjusted �or household size and <br /> income. <br /> ATTYlAGR12011.1411fi40 VETERANS WAY—AFFORDA8ILITYAGREEMENT <br /> REV:121291'!i <br /> Page 5 of 20 <br />
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