DORC 14th and Callan Street Owner

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(e) Total household income of residents; (f) Documentation of source of household income; and (g) The information required by Section 3.1.1. 3.2.3 Following City's written request, Owner shall include with the Annual Report, an income recertification for each household, documentation verifying tenant eligibility, and such additional information as City may reasonably request from time to time in order to show compliance with this Agreement. The Annual Report shall conform to the format reasonably requested by City; provided however, during such time that the Project is subject to a regulatory agreement restricting occupancy and/or rents pursuant to requirements imposed in connection with the use of federal low-income housing tax credits or tax-exempt financing, Owner may satisfy the requirements of this Section by providing City with a copy of compliance reports required in connection with such financing. 3.3 On -site Inspection. Owner shall permit representatives of City to enter and inspect the Property and the Project during reasonable business hours in order to monitor compliance with this Agreement upon 48-hours advance written notice of such visit to Owner or to Owner's management agent. 3.4 Additional Information. Owner shall provide any additional information reasonably requested by City, which may include copies of any report or certifications documents provided to any other regulatory body. The City shall have the right to examine and make copies of all books, records, or other documents of the Owner which pertain to the affordability requirements of the Project. 3.5 Records. Subject to Section 3.3 above, the Owner shall maintain complete, accurate and current records pertaining to the Project, and shall permit any duly authorized representative of the City to inspect records, including records pertaining to income and household size of tenants. All tenant lists, applications and waiting lists relating to the Project shall at all times be kept separate and identifiable from any other business of the Owner and shall be maintained as required by the City in a reasonable condition for proper audit and subject to examination during business hours by representatives of the City. The Owner shall retain copies of all materials obtained or produced with respect to occupancy of the Units for a period of at least five (5) years, and for any period during which there is an audit undertaken by the City pursuant to the Grant Agreement. 3.6 Monitoring Fee. Owner shall annually pay the City a per -unit monitoring charge for each Restricted Unit in the Project. The initial fee shall be Fifty Dollars ($50) per Restricted Unit. Beginning in the fifth (5th) year after the City's issuance of a final certificate of occupancy for the Project, the City may increase the fee annually by the annual percentage change in the consumer price index: All Urban Affordable Housing Regulatory Agreement — Centro Callan November 28, 2022