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EXHIBIT 2 <br /> legal and accounting fees, insurance, architects' and engineers' fees, loan fees, interest during <br /> construction and contractors' overhead. <br /> 8.5 Protection Against Liens: Grantee shall diligently file a valid Notice of <br /> Completion upon completion of the construction, diligently file a notice of cessation in the event <br /> of a cessation of labor on the construction for a period of thirty(30) days or more, and take all <br /> actions reasonably required to prevent the assertion of claims of lien against the Property. In the <br /> event that any claim of lien is asserted against the property or any stop notice or claim is asserted <br /> against the City by any person furnishing labor or materials to the Property, Grantee shall <br /> immediately give written notice of the same to City and shall,promptly and in any event within <br /> ten(10) Business Days after written demand therefor, (a)pay and discharge the same, (b) effect <br /> the release thereof by delivering to City a surety bond complying with the requirement of <br /> applicable laws for such release, or (c)take such other action as City may require to release City <br /> from any obligation or liability with respect to such stop notice or claim. <br /> 8.6 Labor Requirements. <br /> (a) Com liance with Communit Workforce Agreement. Grantee agrees to <br /> comply with the City's Community Workforce Agreement as required by the City. <br /> (b) Prevailing Wages,. <br /> (i) GRANTEE IS AWARE OF THE REQUIREMENTS OF LABOR <br /> CODE <br /> § 1720 ET SEQ., AND 1770, ET SEQ., AS WELL AS CALIFORNIA CODE OF <br /> REGULATIONS, TITLE 8, SECTION 16000, ET SEQ. ("PREVAILING WAGE LAWS"), <br /> WHICH REQUIRE THE PAYMENT OF PREVAILING WAGE RATES AND THE <br /> PERFORMANCE OF OTHER REQUIREMENTS ON"PUBLIC WORKS"AND <br /> "MAINTENANCE"PROJECTS, AS DEFINED BY PREVAILING WAGE LAWS. <br /> GRANTEE AGREES THE PROJECT IS A"PUBLIC WORK" SUBJECT TO PREVAILING <br /> WAGE LAWS AND THAT GRANTEE SHALL FULLY COMPLY WITH THE PREVAILING <br /> WAGE LAWS. GRANTEE IS RESPONSIBLE TO OBTAIN A COPY OF THE PREVAILING <br /> RATES OF PER DIEM WAGES IN EFFECT AT THE COMMENCEMENT OF THIS i <br /> AGREEMENT. GRANTEE SHALL MAKE COPIES OF THE PREVAILING RATES OF PER <br /> DIEM WAGES FOR EACH CRAFT, CLASSIFICATION OR TYPE OF WORKER NEEDED <br /> TO CONSTRUCT THE PROJECT, AND SHALL POST COPIES AT THE GRANTEE'S <br /> PRINCIPAL PLACE OF BUSINESS AND THE PROPERTY. GRANTEE SHALL <br /> MAINTAIN A BOND TO SECURE THE PAYMENT OF CONTRACTORS AT PREVAILING <br /> WAGE RATES IN ACCORDANCE WITH CALIFORNIA LABOR CODE § 1781. <br /> (ii) GRANTEE ASSUMES ANY AND ALL RESPONSIBILITY <br /> AND SHALL BE SOLELY RESPONSIBLE FOR COMPLIANCE WITH REQUIREMENTS <br /> TO PAY PREVAILING WAGE RATES FOR EACH LABOR CLASSIFICATION,AS <br /> DETERMINED BY THE STATE, PURSUANT TO LABOR CODE SECTIONS 1720, ET <br /> SEQ. <br /> (c) Release and Waiver. j <br /> I' <br /> I <br /> I <br />