Laserfiche WebLink
examming "'aid lc+uaatious, books, and record with or without prior notiec. <br />d. if so directed by thc f:oty, the State or HUD apron termination ofthe Loan <br />Agreement, Developer shall eLttrse all records, accounts, do(cumentatioil and all other <br />materials, rclevant to the work tro he delivered to the City, the State or HUD, UD, as depovitory. <br />C" All records, aeconnt's, documerrtation and other rnateriarls r(af".vmlt to the <br />Project shall be accessible Lit Lilly tirrle to the authorized represejitartives of the City, the <br />State or HUD, ran reasonable prior notice, lr.)r t1w. purpose ofexaruination or audit.. <br />f. pursuant to 24 CUR Part 44, [lie City shall perform an Limiva l aaaadit at the <br />close ofeaeli catcrrdar year in which [lees*+ RQsl:rietions are in effect. Developer shall . <br />reasonably cooperate with City rn perfornai.ng such aught, <br />16. The City is a beneficiary ul`the term , and prov ki oris o1 these, Restrictions, <br />tuad the covenarnl, herein, booth l'or and in their ertvn right and for the purposes of protecting <br />the inter esrs of the uoniniatrruty and rather parties, public or private, for Whose benclit tlle�sc <br />RQstrictions and the covenants rumiuip with the laird have'heen provided. The City shall <br />have the right if the covenants are breached, to exercise Lill right,, and remedies, and to <br />maintain any actions, or ,wts it law or ill equity or otha:r plopor proecedings to enforce tyre <br />Curing, of such breaches, to which they or ally other betlefrc lariers Of these Restrictions and <br />cov onants Lire e:rltrtlQd, <br />t7. The covenants and atp- cements contained hcreui shaiil run with the land and <br />not be personal obligations of Developer. Upon the s<n1e,, Qonvevariee cr [.miler transfer of <br />the propaer,ty (.a L'Trans er ") and the a.Nsurnptraon of the alblia,;;mions hereunder by a <br />lrarrsp'uree, Developer 's luubihty fior performatnce;shall bet(mninated as to any Obligation to <br />be performed hereunder after the d;-ate of such Transfier. <br />18. The Loan Agreement and alp Kof'ils be enfiorccahle by <br />City ire aacoldauuec with the terms tIwre ol. Each of the l...can Agreement, tile. aktford.ahiNy <br />Restrr *•neon, ran franvder of l'r�operty, the C ity /pifyML Loan Note and the City /HOOF <br />(Deed of `Crust provide a means of enforcement by lire City ii' Developer is in breach Of its <br />obfigations herCUnder and thercunder, inc puding lien, rnl the Properly, use and deed <br />restrictions and ceovcoant:s riaernng Will] the land [24 CUR 92 5b4 (c) (134)]. <br />29hl J1 <br />