Laserfiche WebLink
local laws, ordinances, codes, and regulations. Without limiting the foregoing, <br />Owner agrees to maintain the Project and the Property (including without <br />limitation, the residential units, common meeting rooms, common areas, <br />landscaping, driveways and walkways) in a condition free of all waste, nuisance, <br />debris, unmaintained landscaping, graffiti, disrepair, abandoned <br />vehicles/appliances, and illegal activity, and shall take all reasonable steps to <br />prevent the same from occurring on the Property or at the Project. Owner shall <br />prevent and/or rectify any physical deterioration of the Property and the Project <br />and shall make all repairs, renewals and replacements necessary to keep the <br />Property and the improvements located thereon in good condition and repair. <br />Owner shall provide adequate security measures, including without limitation, the <br />installation of adequate lighting and door locks, for occupants of the Project. <br />6.3.1 City's Right to Perform Maintenance. In the event that Owner breaches <br />any of the covenants contained in Section 6.3, and such default continues <br />for a period of ten (10) days after written notice from City (with respect to <br />graffiti, debris, and waste material) or thirty (30) days after written notice <br />from City (with respect to landscaping, building improvements and <br />general maintenance), then City, in addition to any other remedy it may <br />have under this Agreement or at law or in equity, shall have the right, but <br />not the obligation, to enter upon the Property and perform all acts and <br />work necessary to protect, maintain, and preserve the improvements and <br />the landscaped areas on the Property. <br />6.3.2 Costs. All costs expended by City in connection with the foregoing, shall <br />constitute an indebtedness, and shall be paid by Owner to City upon <br />written demand. All such sums remaining unpaid thirty (30) days <br />following delivery of City's invoice therefor shall bear interest at the rate <br />of 10% per annum. <br />6.4 Marketing and Management Plan. Not later than 180 calendar days following the <br />issuance of the first building permit for the Project, Owner shall submit for City <br />review and approval, a plan for marketing and managing the Property <br />("Marketing and Management Plan"). The Marketing and Management Plan shall <br />address in detail how Owner plans to market the Restricted Units to prospective <br />Eligible Households in accordance with fair housing laws and this Agreement, <br />Owner's tenant selection criteria, and how Owner plans to certify the eligibility of <br />Eligible Households. The Marketing and Management Plan shall also describe the <br />management team and shall address how the Owner and the management entity <br />plan to manage and maintain the Property and the Project. The Marketing and <br />Management Plan shall include the proposed management agreement and the <br />form of rental agreement that Owner proposes to enter into with Project tenants. <br />Owner shall abide by the terms of the Marketing and Management Plan in <br />marketing, managing, and maintaining the Property and the Project, and <br />throughout the term of this Agreement, shall submit proposed modifications to <br />City for its review and approval. <br />Affordable Housing Regulatory Agreement — Centro Callan <br />November 28, 2022 <br />11 <br />