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PSH Inspections Work Study Session <br />Item #25 <br />Community Development Agency <br />October 7, 2025 <br />Slide 18 <br />Property Maintenance Agreements <br />•HOME Loan Agreement: <br />–Section 12.1 -Maintenance: "Developer shall maintain the <br />Property (and all abutting grounds, sidewalks, roads, parking and <br />landscape areas which Developer is otherwise required to <br />maintain) in good condition and repair; shall operate the Property <br />in a businesslike manner; shall prudently preserve and protect its <br />own as well as the City's interests in connection with the <br />Property; shall not commit or permit any waste or deterioration of <br />the Property (except for normal wear and tear); shall not abandon <br />any portion of the Property or leave the Property unguarded or <br />unprotected; and shall not otherwise act, or fail to act, in such a <br />way as to unreasonably increase the risk of any damage to the <br />Property or of any other impairment of City's interests under the <br />Loan Documents."