RES 89483 - Laserfiche WebLink

(3) Pay Agent's fee under Section 6 of this Agreement; {4) Pay reasonable attorney's fees and other necessary costs incurred in connection with actions to terminate tenancies when such actions have been authorized in writing by Owner in accordance with Section 14 of this Agreement. If any attorney fees are collected from a party to the action, the Agent will deposit the fees to the "Legal" line item of the Development Operating Budget; (5) Pay for expenditures authorized for maintenance and repair in Subsection 15{d) of this Agreement; (6) Pay for the costs of utilities and services as authorized in Section 16 of this Agreement; (7} Pay salaries and benefits of "on-site" personnel hired pursuant to Section 17 of this Agreement and the payroll taxes and other payments required by law to be paid to local, State and Federal governments in connection with the employment of such personnel; {8} Pay for the expenses necessary to operate the Development, which expenses and amounts are included in the Annual Operating Budget, prepared and approved pursuant to Section 19 of this Agreement; {9) Pay for the independent audit as required by Subsection 20{d), respectively, of this Agreement; (10) Pay for insurance as required by Section 23 of this Agreement; {11) Pay to Owner, Owner's distribution, in accordance with the Annual Operating Budget and Regulatory Agreement; and (12) Pay other items of expense approved in writing by Owner and the City. {c} Reserve Fund for Replacement Account: Disbursement may be made from this account only pursuant to those conditions and for those purposes described in the Management Plan, the Regulatory Agreement and approved by the City and CHFA. {d) The Agent shall draw no checks nor incur any obligation in an amount exceeding that shown in the attached Exhibit "B" incorporated herein, without the express written permission of the Owner, except as necessary for emergency repairs required to avoid injury to persons or property. 14. Enforcem~nt of Leases. Agent will secure full compliance by each tenant with the terms of the tenant's lease. Voluntary compliance will be emphasized and Agent will counsel tenants and make referrals to community agencies in cases of financial hardship or under other circumstances deemed appropriate by Agent, so that involuntary termination of tenancies may be avoided to the maximum extent consistent with sound management of the Development. Nevertheless, and subject to the procedures prescribed in the Management Plan, Agent may lawfully terminate any tenancy when, in Agent's judgment sufficient cause {including but not limited to non-payment of rent} 19:MGMTAGR.EHI {10/27/89) 7