Orange County NC Website
DocuSign Envelope ID:6DC1ED22-B276-4193-B1F9-548B6AFFC7C5 <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 /> VII. 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; and 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 VII.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 June <br /> 30th of each year thereafter certifying total household income of all tenants, as <br /> determined by the US Department of Housing and Urban Development and as amended <br /> 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 /> organization, its filing a petition for bankruptcy or similar proceedings, or is <br /> adjudged bankrupt or fails to comply or perform with provisions of this <br /> agreement, then the Owner shall, upon the County's request, convey to the <br /> County the Property assisted with funds under this Agreement. Conveyance shall <br /> be at the sole discretion of County and on a Project dwelling unit by Project <br /> dwelling unit basis. <br /> 6 <br />