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EXHIBIT 2 <br /> i <br /> legal and accounting fees, insurance, architects' and engineers'fees,loan fees, interest during <br /> construction and contractors' overhead. <br /> 8.5 Protection Against ainst 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 Reauirtments. <br /> (a) Compliance with CommunayWorkforce Agi:cement, Grantee agrees to <br /> comply with the City's Community Workforce Agreement as required by the City. <br /> (b) Prevailing Wales. <br /> (i) GRANTEE IS AWARE OF THE REQUIREMENTS OF LABOR <br /> CODE § 1720 ET SEQ., AND 1770,ET SEQ.,AS WELL AS CALIFORNIA CODE Or, <br /> REGULATIONS, TITLE 8, SECTION 16000,ET SEQ. ("PREVAILING WAGE LAWS"), <br /> WHICH REQUM 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 <br /> AGREEMENT. GRANTEE SHALL MADE COPIES OF THE PREVAILING RATES OF PER <br /> DIEM WAGES FOR EACH CRAFT, CLASSIFICATION OR TYPE OF WORKER NEEDED <br /> TO CONSTRUCT IT-IE 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 170,ET <br /> SEQ. <br /> (c) Release and Waiver. <br /> i <br /> City Council 16—24 5/19/2026 i <br />