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Last modified
5/10/2022 4:07:54 PM
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5/10/2022 4:07:19 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
5/2/2022
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Reso 2022-063 Loan to Abode Communites for 72 Unit affordable housing dev
(Approved by)
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\City Clerk\City Council\Resolutions\2022
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<br /> <br /> <br />5055770.1 9 <br />by City) and hold harmless the Indemnitees (defined in Section 3.17 below) from and against all <br />Claims arising out of, or relating to, or alleged to arise from or relate to defects in the <br />Construction Plans or defects in any work done pursuant to the Construction Plans whether or <br />not any insurance policies shall have been determined to be applicable to any such Claims. <br />Developer’s indemnification obligations set forth in this Section shall survive the expiration or <br />earlier termination of this Agreement and the recordation of a Certificate of Completion. It is <br />further agreed that City do not, and shall not, waive any rights against Developer which they may <br />have by reason of this indemnity and hold harmless agreement because of the acceptance by <br />City, or Developer’s deposit with City of any of the insurance policies described in this <br />Agreement. Developer’s indemnification obligations pursuant to this Section shall not extend to <br />Claims arising due to the gross negligence or willful misconduct of the Indemnitees. <br /> <br /> 3.15 Certificate of Completion for Project. Promptly after completion of construction <br />of the Project, issuance of a final Certificate of Occupancy by the City, and the written request of <br />Developer, the City will provide an instrument (“Certificate of Completion”) so certifying. <br />The Certificate of Completion shall be conclusive evidence that Developer has satisfied its <br />obligations regarding the development of the Property. <br /> <br /> The Certificate of Completion shall be issued substantially in the form attached hereto as <br />Exhibit B, and at Developer’s option, shall be recorded in the Official Records. The Certificate <br />of Completion shall not constitute evidence of compliance with or satisfaction of any obligation <br />of Developer to any holder of a deed of trust or mortgage securing money loaned to finance the <br />Project or any part thereof and shall not be deemed a notice of completion under the California <br />Civil Code, nor shall such Certificate provide evidence that Developer has satisfied any <br />obligation that survives the expiration of this Agreement, including without limitation, <br />Developer’s obligations pursuant to the Regulatory Agreement. <br /> <br /> 3.16 Equal Opportunity. During the construction of the Project, there shall be no <br />discrimination on the basis of race, color, religion, creed, sex, sexual orientation, marital status, <br />ancestry or national origin in the hiring, firing, promoting or demoting of any person engaged in <br />construction of the Project, and Developer shall direct its contractors and subcontractors to <br />refrain from discrimination on such basis. <br /> <br /> 3.17 Prevailing Wage Requirements. To the extent, and if, required by applicable <br />federal and state laws, rules and regulations, Developer and its contractors and agents shall <br />comply with California Labor Code Section 1720 et seq. and applicable federal labor laws and <br />standards, and the regulations adopted pursuant thereto (“Prevailing Wage Laws”), and shall be <br />responsible for carrying out the requirements of such provisions. Developer shall submit to City <br />a plan for monitoring payment of prevailing wages and shall implement such plan at Developer’s <br />expense. <br /> <br /> Developer shall indemnify, defend (with counsel approved by City) and hold the City, <br />and its respective elected and appointed officers, officials, employees, agents, consultants, and
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