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STATE OF CALIFORNIA DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT "HCD" - (SANTA ANA ARTS COLLECTIVE, L.P. & META HOUSING PROJECT) (2)
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STATE OF CALIFORNIA DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT "HCD" - (SANTA ANA ARTS COLLECTIVE, L.P. & META HOUSING PROJECT) (2)
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Last modified
9/20/2017 3:40:43 PM
Creation date
9/19/2017 12:11:38 PM
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Contracts
Company Name
STATE OF CALIFORNIA DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT "HCD"
Contract #
A-2017-179
Agency
COMMUNITY DEVELOPMENT
Council Approval Date
7/5/2017
Expiration Date
7/5/2020
Destruction Year
0
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1. For HRI activities, Recipient has executed and recorded a written <br />covenant for the development of affordable housing with the <br />Department as required in the Standard Agreement. <br />m. Recipient has provided evidence of binding agreements for <br />construction financing and enforceable commitments for permanent <br />financing as identified in the Sources and Uses of Funds (or <br />equivalent, alternative financing approved ,by the Department) <br />n. Recipient has provided evidence acceptable to the Department of <br />ongoing compliance with State Prevailing Wage Law as required by <br />a <br />12 <br />cipient has comp <br />uted and submitted to the <br />:he Department, a Draw Request <br />>bursement of Program Funds. <br />;d with all events or conditions in <br />to the submission of the Draw <br />q. Recipient has complied with all special conditions contained in the <br />Exhibit F which are conditions, precedent to the disbursement of <br />Program Funds. <br />r. Recipient has submitted a Draw Request as provided below. <br />16. Draw Requests. <br />a. Application for Payment. Recipient shall request Program Funds by <br />submitting a written itemized statement or draw request in a form that <br />is acceptable to the Department (the "Draw Request"), subject to the <br />conditions set forth below. A Draw Request for payment shall be <br />submitted to the Department not more frequently than once monthly. <br />The Department shall determine whether or not the conditions <br />precedent to its obligation to advance Program Funds have been <br />satisfied or whether or not to waive any conditions precedent to its <br />obligations to advance its Program Funds which the Department <br />determines have not been satisfied. <br />b. Contents of Application for Payment. Each Draw Request shall set <br />forth the following: (i) a description of work performed, material <br />supplied and/or costs incurred or due for which the disbursement is <br />requested with respect to any Approved Costs shown as a line item <br />16-AHSC-11200 <br />NOFA 02/29/16 Page 9 of 36 <br />Rev: 03/16/17 <br />Project: Santa Aria Arts Collective <br />Prep Date: 08/08/17 <br />
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