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C. Administration. The fund shall be administered by the Community Development Director, who may develop procedures to implement the purposes of the Fund consistent with the requirements of this Article and any adopted budget of the City. D. Expenditures. Fund monies shall be used in accordance with City's Housing Element, Redevelopment Implementation Plan, Consolidated Plan or subsequent plan adopted by the City Council to construct or convert to affordable housing or assist other govemmental entities, private organizations or individuals to do so. Permissible uses include, but are not limited to, assistance to housing development corporations, equity participation loans, grants, pre- home ownership co-investment, pre-development loan funds, participation leases or other public-private partnership arrangements. The Fund may be used for the benefit of both rental and owner-occupied housing. The Fund may also be used to administer the City's housing monitoring program to assure long term compliance with all affordable housing agreements. E. Annual Report. The Community Development Director shall provide a report to the City Council on the status of activities undertaken with the Fund as provided by Section 66006(b) of the California Government Code. The City Council shall review the information made available to the public at the next regularly scheduled public meeting, not less than 15 days after this information is made available to the City Council and the public. Notice of the time and place of the meeting, including the address where this information may be reviewed, shall be mailed, at least 15 days prior to the meeting, to any interested party who files a written request with the City for mailed notice of the meeting. The report shall include a statement of income, expenses, disbursements and other uses of the Fund. The report should also state the number and type of inclusionary units constructed or assisted during that year and the amount of such assistance. The report will evaluate the efficiency of this Article in mitigating the City's shortage of affordable housing and recommend any changes to this Article necessary to carry out its purposes, including any adjustments to the number of units to be required. 6-3030 Enforcement A. Penalty for Violation. It shall be a misdemeanor to violate any provision of this Article. Without limiting the generality of the foregoing, it shall also be a misdemeanor for any person to sell or rent to another person an affordable unit under this Article at a price or rent exceeding the maximum allowed under this Article or to sell or rent an inclusionary unit to a Household not qualified under this Article. It shall further be a misdemeanor for any person to provide false or materially incomplete information to the City or to a seller or lessor of an Inclusionary Unit to obtain occupancy of housing for which he or she is not eligible. 16