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Item 68 - Crossroads at Washington Affordable Housing Project at 1126, 1136, & 1146 East Washigton Ave.
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Item 68 - Crossroads at Washington Affordable Housing Project at 1126, 1136, & 1146 East Washigton Ave.
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8/15/2023 9:54:53 AM
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City Clerk
Doc Type
Agenda Packet
Agency
Clerk of the Council
Item #
68
Date
6/21/2022
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i <br />The Crossroads at Washington <br />City NSP Loan Agreement <br /> <br />TABLE OF CONTENTS <br /> <br />Section 1. DEFINITIONS AND INTERPRETATION ................................................. 2 <br />Section 2. [RESERVED] ............................................................................................... 8 <br />Section 3. SCOPE OF WORK/ PROJECT BUDGET .................................................. 9 <br />Section 4. [RESERVED] ............................................................................................... 9 <br />Section 5. LOANS ......................................................................................................... 9 <br />Section 6. CONDITIONS TO DISBURSEMENT OF LOAN PROCEEDS ................ 9 <br />Section 7. AFFORDABILITY REQUIREMENTS, USE AND MAINTENANCE OF <br />THE PROPERTY ............................................................................................................. 14 <br />Section 8. RESERVED. ............................................................................................... 19 <br />Section 9. GENERAL PROVISIONS AND WARRANTIES .................................... 19 <br />Section 10. CONDITIONS FOR CONSTRUCTION ................................................... 23 <br />Section 11. FEDERAL COVENANTS ......................................................................... 26 <br />Section 12. MAINTENANCE, MANAGEMENT, OPERATION, PRESERVATION <br />AND REPAIR OF PROPERTY ....................................................................................... 31 <br />Section 13. NONDISCRIMINATION COVENANTS ................................................. 34 <br />Section 14. ENVIRONMENTAL MATTERS .............................................................. 34 <br />Section 15. OTHER AFFIRMATIVE COVENANTS .................................................. 35 <br />Section 16. OTHER NEGATIVE COVENANTS ......................................................... 37 <br />Section 17. CERTIFICATE OF COMPLETION .......................................................... 38 <br />Section 18. INDEMNIFICATION................................................................................. 38 <br />Section 19. INSURANCE, CASUALTY AND CONDEMNATION ........................... 41 <br />Section 20. DEFAULTS AND REMEDIES ................................................................. 45 <br />Section 21. MISCELLANEOUS ................................................................................... 48 <br /> <br /> <br /> <br />EXHIBIT 6
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