Laserfiche WebLink
{d} Record the Giant Deed, Reg?rlatary A?'een?ent, Notice of <br />Affordabilit?t Restrictions, as to the Relrtal Pol•tiorr of the Project, Agency Deed of Trust for such <br />Phase, alyd at?y and all atl?er recordable docur??ents ??rlrelr both the De?relopetk's onditiarrs <br />Precedent and the Agenc??'s Oonditions P?'ecedent for• s?lch Phase lra?e bee?a f?rlf?lled, or ??ai?ed <br />h?T the De?elope?? or Agency, respectively, <br />fie} Do such other actions as necessary, i??c???dilr obtallring the <br />applicable Title Policy, to fulfill its obllgatlorrs ulyder this Areen?elrt? <br />?} ltli iir tl?e ? lscretion of the ?scro??T Age?rt, direct the Aerrcy acrd <br />Developer to execrate and deliver arr?r llrstrurnent, affidavit, alyd statement, a1rCl to perforlr? at?y act <br />reasonably t?ecess?ry to comply ???itl? the provisions of Fr?PT'A and alry silr?ila?k state or federal <br />act ot? reg??latiorr pralnulgated tlrereut?der, Tl?e Agerrcy agrees to execrate a el•tificate of <br />Nolr->?oreiglr tatl?s by iz?dividz?al transferor alydlor a ?ertificatiorr of Oolrrpliance ??ith Real <br />estate Reporting Regr?ix?elnelrt of the ? ?S? Tax Refor?rl Act foci each Phase as may he re?r?hed by <br />the ?cro?v Agent, olr the form tQ be sl?pplied by the ?scro??? Agent. <br />{g} Prepal'e arrd file ??ith all apprapl?iate goverlrlrrerrtal or taxing <br />a?ltharities ? ut??for?r? settle?rrelrt statement, closrn strrte??ent, tax ltlrlrolding forln includilrg alr <br />IRS ? 099- form, acrd be responsible for u?itl?holding taxes, if arr?? Buell farms ale provided for' or <br />rec?ui??ed by la?i?? <br />X01.4 lasi?ag; ?acl? Phase shall close ?eaclr a "Closing") ??ritlrllr tl?lrty {a? days <br />of the satis?'actiol? of alb of the Agelrc?r's and De?lal?el•'s o??dltlol]s Pr?ece?e?rt to ?lasi??g for• <br />such Phase as set for•tlr in ectiolr 2?4 liereaf, ?vitl? xesp?ct to each Phase but ire tro event later <br />than ?a? the ea??lie?' to occur of {i} arre lr??lrclred ?? days after Developer recei?s a p?'elllr?llrar`Y <br />resex?vatlolr of Tax Credits far Phase R? l ??vitlr De?elaper elrtltled to apply far Tax Credits folk <br />fo???' consecutive raulr?is}, ar Mai+clr 1, X013 ?"Phase -1 Outside losi?? Date"}, ?b}the earlier' <br />to occur of {i? one l???ndl'ed fifth days after De?elopel? deceives a prelilrrirrary reser?atiotr of Tax <br />Credits for• Phase R-? {??ith De?elope?• entitled to apply for Tax Cl+edits faa• ?'o??r consecutive <br />rounds} al• ?I?arclr 1, 20 ?4 {"Phase R?2 Outside losilrg Date"}, and ?c} ?an?rary ? ?, 2a? talk the <br />first Olosilig ??fith ??espect to Phase >?' ?"Please F Outside ?Iosing Date"} alyd , <br />2a?, far the ?l?al closing ???itlr respect to Phase ? ?tl?e "Final Phase P Outside losilrg <br />Date"}, subject to exterrslalrs dno to {?? evellts ?f , o?'ce ?t?c?etr??e ??urrla??t to ectian ?? <br />?pravided, that, era extension of the Please R-? Outside Closing Date, tl?e Phase R-? Outside <br />Olosing Date ol• the Phase ?' Outside Clasirr Date due to ??y?c ??rajtr??e shall be lorrgeli thalr <br />t??el?e {l?} trro?at??s ??lrless such exterlsian ?+esr?lts f?'atn ?A challenge}, al` ??'? ?vrittelr <br />extensiolrs rrrade by the De?elal?e?? and Agelrcy ?xecutl?re Director {tl? "Outside Claslrr Dato"?. <br />?n the everrt a Ceasing fails to occur for• airy Phase by the applicable O?rtside Closing Date as a <br />result of the failure to obtain Tax Credits, in spite of De?xelopel''s corr?rrrercially reasox?able <br />effal?ts to obtain same, the Developer shall x?ot ?e deerrred to be irr Defarrlt render this Agreerrrent, <br />brit tyre Agerrcy may elect to terl?rinate this Agreerrrent itlr respect to such Phase each Closil? <br />shall occur at a location ?vithin Orarrge Corrnty at a time and place rcasanably agreed an by the <br />parties. The "losing" shall mean the time acrd clay the grant Deed for' the applicable Phase is <br />filed foe' record ???itlr the Ol;a??ge ot?nty Reorder, Tire`Closing Date" shall lrrearr the day ate <br />which each applicable closing occ??rs. Corrcurrerrtly ??ith the Cosilrg for the first portion or <br />phase of Phase P, Agelrcy and Developer shall etrtel' into a right of errtry agree??ne?rt, in . farm <br />14 <br />]? ?CS?CI? ? ?DG?3??13i? ???7?-000 ?