25F - AGMT - 605-611 EAST WASHINGTON ST LOAN

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their interests may appear), with a "Replacement Cost Endorsement" in amount sufficient to prevent Developer or Agency/City from becoming a co-insurer under the terms of the policy, but in any event in an amount not less than 100% of the then full replacement cost, to be determined at least once annually and subject to reasonable approval by the Executive Director. (g) Evidence of a currently paid liability insurance policy, naming the Agency and City as additional insureds and in a form approved by legal counsel to the Agency and City, with coverage as described in the Agreement. (h) Termite reports pertaining to the Property shall be provided every fifth (5th) year. (i) Such other information as may be reasonably required by the Executive Director or his/her designee. 1210.2 Records and Audits. Developer shall maintain the following records, and make them available for inspection by the Agency, the City, the State or HUD: (a) records which demonstrate that the project meets the property standard specified in 24 CFR 92.251; (b) records, for each Affordable Unit, which demonstrates that the project meets the requirements of 24 CFR 92.252; (c) records which demonstrate compliance with the tenant and participant protections, as specified in 24 Section 29.253; (d) records which demonstrate compliance with the Equal Opportunity and Fair Housing requirements outlined in these Restrictions, including: (i) data on the extent to which each racial and ethnic group and single head of household (by gender of head of household) have applied for, participated in, or benefited from, any program or activity funded in whole or in part with HOME funds; (ii) documentation of actions undertaken to meet the equal opportunity requirements of 24 CFR 92.350, which implements Section 3 of the Housing Development Act of 1968, as amended (12 U.S.C. § 1701u); (iii) documentation and data on the steps taken to implement Developer's outreach programs to minority-owned and women-owned businesses to meet the minority outreach requirements of 24 CFR 92.350; (e) documentation of the steps taken to carry out an affirmative marketing program in accordance with 24 CFR 92.351, if applicable; (f) if applicable, records which demonstrate compliance with the requirements relating to relocation of displaced persons, as described in 24 CFR 92.353. At a minimum, these shall include project occupancy lists identifying the name and address of all persons occupying the project property upon Developer's acquisition (i.e., the date on which Developer obtained site control); 42 25F-48