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TABLE OF CONTENTS <br />(Continued) <br />Page <br />305.1 Cost of Construction ...........................................................................32 <br />305.2 Public Art Fee .....................................................................................32 <br />305.3 Provision of Child Care Facilities .....................................................32 <br />305.4 Retail Space ........................................................................................32 <br />306. Insurance Requirements .....................................................................................32 <br />306.1 Minimum Coverage/Endorsements ....................................................33 <br />306.2 Property Insurance ..............................................................................34 <br />306.3 Applicability to For-Sale Portion of the Project .................................35 <br />307. Indemnity ...........................................................................................................35 <br /> 307.1 Developer Indemnity ......................................................................... .35 <br /> 307.2 Agency Indemnity ............................................................................. .36 <br />308. Rights of Access ............................................................................................... .37 <br />309. Nondiscrimination in Employment ................................................................... .37 <br />310. Taxes and Assessments .....................................................................................37 <br />311. Compliance with Laws ..................................................................................... .38 <br /> 311.1 Prevailing Wage Laws ...................................................................... .38 <br />312. Liens and Stop Notices ........................................................... <br />313. Release of Construction Covenants .................................................................40 <br />314. Agency Financial Assistance .............................................................................40 <br /> 314.1 Agency Loans .....................................................................................40 <br /> 314.2 Repayment of the Agency Loans .......................................................41 <br /> 314.3 Reporting Requirements for the Rental Portion of the Project ..........41 <br /> 314.4 Reporting Requirements for the For-Sale Portion of the Project....... 42 <br /> 314.5 Security of Agency Loan ...................... <br /> 314.6 Disbursement of the Agency Loan .....................................................42 <br />315. Homebuyer Assistance .......................................................................................42 <br /> 315.1 Homebuyer Assistance Loan ..............................................................42 <br /> 315.2 Repayment of Homebuyer Assistance Loan ...................................... 42 <br /> 315.3 Security for Homebuyer Assistance Loan ..........................................43 <br /> 315.4 Disbursement of Homebuyer Assistance Loan; Conditions Precedent <br /> Thereto; Developer's Marketing, Disclosure and <br /> Housing Counseling ...........................................................................43 <br /> 315.5 Subordination .....................................................................................45 <br /> 315.6 Assumption .........................................................................................45 <br />316. Financing of the Developer Improvements ........................................................ 45 <br /> 316.1 Approval of Financing ....................................................................... 45 <br /> 316.2 Tax Credit Equity ............................................................................... 46 <br /> 316.3 Required Submissions ........................................................................ 47 <br /> 316.4 No Encumbrances Except Mortgages, Deeds of Trust, or Sale and <br /> Lease-Back for Development .............................................................47 <br /> 316.5 Holder Not Obligated to Construct Developer Improvements ........... 47 <br /> 316.6 Notice of Default to Mortgagee or Deed of Trust Holders; <br /> Right to Cure ......................................................................................47 <br /> 316.7 Failure of Holder to Complete Developer Improvements .................. 48 <br /> ii <br />DOC S OC11404673 v 14/20027 2-0001