RES 89483 - Laserfiche WebLink

(a) The HDG Covenants, the HDG Owner/Grantee Agreement, Regulatory Agreement and Ground Lease, the terms of which affect the management and operation of the Development. Agent shall comply with the terms of these documents regardless of whether specific reference is made thereto in any particular provision of this Agreement; and (b) A complete set of plans and specifications and copies of all guarantees and warranties pertinent to the construction, fixtures and equipment. With the aid of this information and inspection by competent personnel, Agent will thoroughly familiarize itself with the character, location, construction, layout, plan and operation of the Development, and especially the electrical, heating, plumbing, air conditioning and ventilating systems, the elevators and all other mechanical equipment. 9. Narketing. Agent will carry out the marketing activities (after initial occupancy} prescribed in the Management Plan, observing all requirements of the Affirmative Fair Housing Marketing Plan approved by HUD and CHFA, attached hereto as Exhibit "B" Subject to Owner's prior approval, advertising expenses will be paid out of the Development Operation Account as a Development expense; provided, however that such advertising expenses do not exceed the' amount approved in the Annual Operating Budget. In Marketing and leasing the units, the Agent shall comply with all the applicable marketing and tenant eligibility and selection procedures and requirements set forth in the Ground Lease, HDG Covenants, HDG Owner/Grantee Agreement, Regulatory Agreement, City Resolutions and the Affirmative Fair Housing Marketing Plan, which documents include, but are not limited by, the following marketing requirements: (a) Lease no less than twenty percent (20%) of the total units of all sizes to ~/~/~bXt~w~/H/Q~/~d~YOq/~s Qualified Tenants as required by the Requlatory Aqreement, and lease the remaininq units in accordance with the Ground Lease. (b) Give preference to the applicants in the following order: (i} persons displaced by natural disaster, construction of this Development, other public action and other causes, provided that such displacement shall be certified in writing by a government agency; and (ii) in accordance with Subsection 5(b) of the Ground Lease, as amended;. (c) Begin marketing of the Development at least ninety (90) days prior to the availability of the units for occupancy; (d) Assure that all advertising (including letterheads, brochures and media advertising) shall include "Financed by the California Housing Finance Agency" and "Equal Housing Opportunity" and the "handicapped" logo. Further, if advertisements contain human models, a mix of minority and non-minority models are to be used to reflect the open housing philosophy. No preference for any economic status or lifestyle shall be depicted; (e) Where a significant number of persons in the community have limited fluency in the English language, provide publications, information, brochures and leases in the native language of such persons; 19:MGMTAGR.EHI (10/27/89) 4