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ILLUMINATION HEALTH + HOME (FORMERLY ILLUMINATION FOUNDATION)
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ILLUMINATION HEALTH + HOME (FORMERLY ILLUMINATION FOUNDATION)
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Last modified
5/27/2026 4:15:08 PM
Creation date
5/27/2026 4:03:23 PM
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Contracts
Company Name
ILLUMINATION HEALTH + HOME (FORMERLY ILLUMINATION FOUNDATION)
Contract #
A-2026-074
Agency
Community Development
Council Approval Date
5/19/2026
Expiration Date
1/1/1900
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i <br /> EXHIBIT 2 <br /> E <br /> (f) any material default by Grantee or any other party under any Senior Loan <br /> document, or the receipt by Grantee of any notice of default udder any Senior Loan document; <br /> (g) the creation or imposition of any mechanics' or materialmans' lien or <br /> other lien against the Property which might materially affect the Property,which is not bonded <br /> over or released, and/or <br /> (h) any material adverse change in the financial condition of Grantee. <br /> 11.3 Further Assurances. (-grantee shall execute and acknowledge(or cause to be I <br /> executed and acknowledged)and deliver to City all documents,and talk all actions,reasonably <br /> required by City from time to time to confirm the rights created or now or hereafter intended to i <br /> be created under this Agreement, i <br /> 11.4 ]default on Senior Loan.Grantee shall not default on any of the Senior Loan , <br /> Documents,provided however, that Grantcc shall have such period as is provided in the Senior <br /> Loam.Documents during which to effectuate a cure, <br /> I L5 Sale oar Lease of]Property. Grantee shall not sell, lease (other than to qualified <br /> renters meeting the requirements set forth in this Agreement), sublease or otherwise transfer all <br /> or any part of the Property or any interest therein without die prior written consent of the City <br /> Project Manager,which consent may be withheld in the City Project Manager's sole discretion. <br /> In connection with the foregoing consent requirements, Grantee acknowledges that City relied <br /> upon Grantee's particular expextise in entering into this Agreement and continues to rely on Stich <br /> expertise to ensure the satisfactory completion of the construction, <br /> 12. CERTIFICATE OF COMPLETION <br /> Upon satisfactory completion of the construction and upon the request of Grantee,or at its <br /> own election, the City shall issue a Certificate of Completion. Such Certificate of Completion <br /> shall be, and shall so state, conclusive determination of satisfactory completion of the <br /> construction, The Certificate of Completion may be issued in the form of the Certificate of <br /> Occupancy or Final Inspection Notice from the City. <br /> If City declines to furnish a Certificate of Completion after written request from Grantee,the <br /> City Project Manager shall, within thirty(30)days after receipt of the request,provide Grantee with <br /> a written statement of the reasons therefore. The statement shall contain a description of the action <br /> Grantee must take to obtain a Certificate of Completion, if the reason therefore is that the Grantee <br /> has not completed a minor portion of the construction,City may,in its sole and absolute discretion, <br /> issue the Certificate of Completion upon the posting with City of a bond or other forth of security <br /> acceptable to the City Project Manager in the amount of the fair value of the uncompleted work. <br /> A Certificate of Completion is not "notice of completion"referred to in Section 3093 of the <br /> California Civil Code. <br /> 13. INDEMNIFICATICON <br /> i <br /> 13.1 Nonliabril jQ of Ciiy. Grantee acknowledges and agrees that, f <br /> f <br /> City Council 16 — 30 5/19/2026 I <br />
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