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2206002.SA Page 7 <br />19090.018.019 June 3, 2022 <br /> <br />8. The Tenant shall comply with all applicable laws. <br />9. Tenant shall ensure that the following requirements are satisfied: <br />a. Enter into a written contract with a general contractor based upon the <br />“Construction Contract Documents” approved pursuant to the Option Agreement; <br />b. Obtain written agreement from the general contractor that the construction <br />contract can be assigned to the County and/or Agency if the Tenant fails to <br />perform; <br />c. Provide evidence to Lessor that assures the Tenant has sufficient monies <br />available to complete the proposed construction; <br />d. Within sixty (60) days following completion of any substantial improvements, the <br />Tenant shall provide the Lessor with a complete set of reproducibles and two <br />sets of “As-Built” plans; <br />e. At the conversion of construction financing for the Project, the Tenant shall <br />establish and maintain a Capital Improvement Fund during the Ground Lease <br />Term. The Tenant shall deposit $347 per unit per year, with a ten percent (10%) <br />escalator applied every five years, into the Capital Improvement Fund; <br />f. Tenant shall maintain the premises in good order, condition and repair <br />throughout the Ground Lease Term; <br />g. Tenant must maintain all required insurance throughout the Ground Lease Term. <br />h. Within one hundred eighty (180) days after the end of each accounting year, the <br />Tenant shall submit to the Auditor Controller and the Agency a balance sheet, <br />income statement and cash flow statement prepared by a Certified Public <br />Accountant (CPA) reflecting the business transacted during the preceding <br />accounting year. <br /> <br /> <br /> <br /> <br />EXHIBIT 14