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FIESTA MARKETPLACE PARTNERS (7)
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FIESTA MARKETPLACE PARTNERS (7)
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Last modified
9/4/2024 5:48:48 PM
Creation date
8/26/2024 3:02:04 PM
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Contracts
Company Name
FIESTA MARKETPLACE PARTNERS
Contract #
A-1986-080
Agency
Community Development
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01 <br />02 <br />03 <br />04 <br />05 <br />06 <br />07 <br />OB <br />0'9 <br />10 <br />tt <br />12 <br />13 <br />14 <br />13 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />2B <br />29 <br />30 <br />31 <br />32 <br />Recipient: City of Santa Ana, California Grant Number: B-84-AA-06-0615(P) <br />Amendment #1 <br />Continuation Sheet ---Exhibit E <br />> (4) All applicable terms and conditions of this Grant Agreement, <br />including Article IX provisions and job assurances specified in Sections 5.03 <br />and 9.06 shall be set forth in the agreement. <br />(5) The agreement shall specify a timeframe for performance <br />consistent with Exhibit F to this Grant Agreement. <br />(6) During the term of this Grant Agreement, Escalante shall agree <br />to provide necessary data and information as to private investment and jobs <br />relating to this Grant Agreement. <br />(b) Evidence of this commitment shall be in accordance with Section <br />10.04 of this Grant Agreement together with copies of the forms of all UDAG <br />Loan documents to be used at closing. <br />VII <br />(a) Recipient's attorney shall certify that Recipient has on hand or <br />irrevocably committed to it $5,017,100 to carry out the Recipient Activities in <br />subparagraph (a) of Exhibit B to this Grant Agreement. <br />(b) Evidence of this commitment shall be in accordance with Section 10.03 of <br />this Grant Agreement. <br />VIII <br />(a) Recipient's attorney or an acceptable banking institution shall certify <br />that cash or liquid assets of not less than $1,484,172 are available or irrevocably <br />committed to Developer and are sufficient to complete the development of Project <br />Element A. Such certification shall identify the kinds of assets and the nature of <br />the irrevocable commitment. <br />(b) Evidence of this commitment shall be in accordance with Section 10.07 or <br />10.08 of this Grant Agreement. <br />IX <br />(a) Developer and Guarantor shall irrevocably and unconditionally guarantee <br />the completion of the development of Project Element A within the timeframe <br />hereafter set forth in Exhibit F to this Grant Agreement. <br />(b) Evidence of this commitment shall be in accordance with Section 10.04 of <br />this Grant Agreement. <br />EXHIBIT E <br />Page 19 of 22 <br />
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