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demonstrating the means and methods OWNER will use to advertise and locate qualified tenants for Affordable Units. B. OWNER and its successors shall ensure that each person applying to occupy 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 applicanYs income. Affordable Units shall be leased only to Qualified Lessees. C. OWNER and its successors shall obtain a copy of the federal income tax return for each person applying to occupy an Affordable Unit for the taxable year immediately preceding such applicanYs initial occupancy in the Project or, if an applicant declares under penalty of perjury that he or she did not file or did not retain a copy of such tax return, other evidence of income for such year, satisfactory to the CITY in its sole discretion, such as wage statements or employer records. D. Annually, OWNER and its successors shall provide to the CITY a current, executed Income Verification and Information Form for each person occupying an Affordable Unit, along with a summary for the applicable year signed by OWNER or its successor, certifying compliance with the provisions of this Agreement under penalty of perjury. Annually, OWNER shall obtain a copy of the federal income tax return for each person occupying an Affordable Unit for the immediately preceding taxable year or, if an applicant declares under penalty of perjury that he or she did not file or did not retain a copy of such tax return, other evidence of income for such year, satisfactory to the CITY in its sole discretion, such as wage statements or employer records. E. To certify the compliance of OWNER or its successor with these provisions, the CITY shall have a right to inspect the Property books and records pertaining to such matters of the then owner(s) or operator(s) of the Property. Section 4.04. Affordabilitv Compliance Report. Bi-annually on June 30th and December 31 st of every year of the Rental Affordability Covenants Term, or the following business day in the event that such date shall fall on a weekend or legal holiday, OWNER shall submit a Report to the CITY containing, at a minimum, the following items and information: A. A site map showing the unit numbers and locations of all units and all Affordable Units; B. Total number of Affordable Units that are occupied; C. Total number of Affordable Units that are, vacant; D. A certified rent roll for all units containing the unit numbers, the lease commencement and expiration dates, the numbers of bedrooms and bathrooms within the rented units, the rental rate for each rented unit, and indicating which units are rented as Affordable Units; E. For each Affordable Unit, the unit size, household size, household income, income limits for a Qualifying Lessee, Maximum Affordable Rent Payment for a Qualifying Lessee, utility allowance, and total monthly rent. F. Evidence that the income for each tenant of an Affordable Unit does not exceed the maximum income for a Qualifying Lessee and evidence that the rent payment does not exceed the Maximum Affordable Rent Payment adjusted for household size and income. ATTY/AGR/2011.141/640 VETERANS WAY-AFFORDABILITY AGREEMENT REV:12/29/11 Page 5 of 20