Affordable Housing Reg Agmt APN 752812 7528112 04232020

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6.4 Marketing and Management Plan. Not later than six (6) months following issuance of building permits for the Project, Owner shall submit for City review and approval, a plan for marketing and managing the Property ("Marketing and Management Plan"). The Marketing and Management Plan shall address in detail how Owner plans to market the Restricted Units to prospective Eligible Households in accordance with fair housing laws and this Agreement, Owner's tenant selection criteria, and how Owner plans to certify the eligibility of Eligible Households. Owner shall work with the City to implement local preference for City residents and/or workers for the restricted and non-restricted units if feasible and in compliance with federal fair housing laws, provided that (i) such preference is consistent with the County of Alameda's ("County") A 1 Bond Guidelines and the City and the Owner have received notice from the County that such preference is permitted under the County's A 1 Bond Guidelines; and (ii) such preference shall not be applicable to any units that receive VASH-PBV rental subsidies, for so long as such units receive such subsidies. At initial lease up of the Project, Owner shall give first preference for either Restricted Units or Market Rate Units to the four (4) households residing at 1642 San Leandro Boulevard, San Leandro, CA that will be temporarily relocated prior to commencement of Project construction. The Plan shall also describe the management team and shall address how the Owner and the management entity plan to manage and maintain. the Property and the Project. The Plan shall include the proposed management agreement and the form of rental agreement that Owner proposes to enter into with Project tenants. Owner shall abide by the terms of the Marketing and Management Plan in marketing, managing, and maintaining the Property and the Project, and throughout the term of this Agreement, shall submit proposed modifications to City for its review and approval. 6.5 Approval of Amendments. If City has not responded to any submission of the Management and Marketing Plan, the proposed management entity, or a proposed amendment or change to any of the foregoing within 30 days following City's receipt of such plan, proposal or amendment, the plan, proposal or amendment shall be deemed approved by City. 6.6 Fees, Taxes, and Other Levies. Owner shall be responsible for payment of all fees, assessments, taxes, charges, liens and levies, including without limitation possessory interest taxes, if applicable, imposed by any public entity, authority or utility company with respect to the Property or the Project, and shall pay such charges prior to delinquency. However, Owner shall not be required to pay any such charge so long as (a) Owner is contesting such charge in good faith and by appropriate proceedings, (b) Owner maintains reserves adequate to pay any contested liabilities, and (c) on final determination of the proceeding or contest, Owner immediately pays or discharges any decision or judgment rendered against it, together with all costs, charges and interest. Nothing in this Section 6.6 shall prevent Owner from applying for all applicable tax exemptions including the welfare exemption from property tax for low-income housing. 2890662.3 9