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2018-120-E Housing - Empowerment acquisition of rental properties
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2018-120-E Housing - Empowerment acquisition of rental properties
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Last modified
7/31/2018 4:39:35 PM
Creation date
4/23/2018 1:51:06 PM
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Contract
Contract Document Type
Agreement
Amount
$475,700.00
Document Relationships
R 2018-120 Housing - Empowerment acquisition of rental properties
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\Board of County Commissioners\Contracts and Agreements\Contract Routing Sheets\Routing Sheets\2018
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DocuSign Envelope ID: 764A29F1 -E414- 4251- 9AE2- 7ABF3F9D9344 <br />1. Title VIII of the Civil Rights Act of 1968 (Pub. L. 90 -208, 42 U.S.C. Sec 2000d at <br />seq.), as amended; and that the Owner will administer all programs and activities <br />related to housing and community development in a manner to affirmatively further <br />fair housing; <br />2. Section 504 of the Rehabilitation Act of 1973 (Pub. L. 93 -112), as amended, and <br />implementing regulations when published in effect; <br />3. The Age Discrimination Act of 1975 (Pub. L. 94135), as amended, and implementing <br />regulations when published for effect; <br />4. The Fair Housing Act (42 U.S.C. 3601 -20); <br />5. Lead Based Requirements at 24 CFR Part 35 <br />VIII. ADMINISTRATION AND REPORTING REQUIREMENTS <br />A. Owner shall submit to the County a quarterly Progress Report no later than the fifth day <br />of the months of January, April; July; October until the activity has been reported <br />completed. <br />B. After completion, the Owner is responsible for verifying the income of prospective <br />tenants and maintaining eligibility data. Owner shall maintain tenant files as part of its <br />Books and Records as required and for the period of time required by Section VIII.C.3 of <br />this Agreement. The Owner must provide the County an initial occupancy report <br />verifying the income eligibility of all tenants at the time of initial occupancy. The Owner <br />must then furnish the County with an annual report on the Project dwelling units by July <br />31 of each year thereafter certifying that all tenants earn less than 80% of the area median <br />income by family size, as determined by the US Department of Housing and Urban <br />Development and as amended from time to time. <br />C. Miscellaneous Provisions <br />1. Termination of Agreement. The full benefit of the Project will be realized only after <br />the completion of the affordability periods for all Project dwelling units. It is the <br />County's intention that the full public benefit of the Project shall be completed under <br />the auspices of the Owner for the assisted units as follows: <br />a. In the event that the Owner is unable to proceed with any aspect of the Project in <br />a timely manner, and County and the Owner determine that reasonable <br />extension(s) for completion will not remedy the situation, then the Owner will <br />retain responsibility for requirements for any dwelling units assisted and County <br />will make no further payments to the Owner. <br />b. In the event that the Owner, prior to the contract completion date, is unable to <br />continue to function due to, but, not limited to, dissolution or insolvency of the <br />
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