Laserfiche WebLink
City and Vista Del Rio agree that the initial rents and the breakdown of unit affordability for the <br />Very Low Income Units shall be as follows: <br /># of Units # of HOME 2009 Max. <br />(Agency) units* Gross <br />Monthly Rents <br />Studio Very Low Units 8 1 $753 <br />One Bedroom Very Low Units 9 1 $861 <br />Two Bedroom Very Low Units 2 0 $969 <br />7.3 Rent Increases: On an annual basis, the City shall provide Vista Del Rio with the maximum <br />allowable schedule of rents for the Property in accordance with changes in allowable rent and <br />income tables published by HUD and the State of California, provided however that the rent for the <br />HOME units shall in no event be higher than the rent for the equivalent Agency assisted unit. In no <br />event can Vista Del Rio charge any tenant more than such amount. <br />7.4 Maintenance of the Prouerty. Solely at Vista Del Rio's expense, Vista Del Rio agrees to <br />maintain the Property in a clean and orderly condition and in good condition and repair and keep the <br />Property free from any accumulation of debris and waste materials. If at any time Vista Del Rio <br />fails to maintain, or cause to be maintained, the Property as required by this section, and said <br />condition is not corrected after the expiration of a reasonable period of time not to exceed thirty (30) <br />days from the date of written notice from the City, unless such condition cannot reasonably be cured <br />within thirty (30) days, in which case Vista Del Rio shall have such additional time as reasonably <br />necessary to complete such cure, the Agency or City may perform the necessary maintenance and <br />Vista Del Rio shall pay all reasonable costs incurred for such maintenance. The City shall inspect <br />the Property annually after the date of issuance of the Certificate of Completion as described in <br />Article 17 of this Agreement. <br />7.5 Obligation to Refrain from Discrimination. Vista Del Rio covenants and agrees for itself, <br />its successors, its assigns and every successor in interest to the Property or any part thereof, that <br />there shall be no discrimination against or segregation of any person or group of persons on account <br />of race, color, creed, religion, sex, marital status, ancestry or national origin in the sale, lease, <br />sublease, transfer, use, occupancy, tenure or enjoyment of the Property nor shall Vista Del Rio itself <br />or any person claiming under or through him establish or permit any such practice or practices of <br />discrimination or segregation with reference to the selection, location, number, use or occupancy of <br />tenants, lessees, subtenants, sublessees or vendees of the Property. The foregoing covenants shall <br />run with the land and shall remain in effect for the term of the Agreement. <br />8. DEFAULTS AND REMEDIES <br />16 <br />80A-92 <br />