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SANTA ANA ARTS COLLECTIVE, LP (META HOUSING CORP) - 2016
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SANTA ANA ARTS COLLECTIVE, LP (META HOUSING CORP) - 2016
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12/27/2017 3:56:02 PM
Creation date
12/27/2017 2:10:52 PM
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Contracts
Company Name
SANTA ANA ARTS COLLECTIVE, LP (META HOUSING CORP)
Contract #
A-2016-017
Agency
COMMUNITY DEVELOPMENT
Council Approval Date
2/2/2016
Expiration Date
5/1/2071
Destruction Year
2076
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14.5 Environmental Indemnification by the Developer. Developer agrees to defend, <br />indemnify and hold harmless the City and its respective officers, directors, employees and agents <br />(collectively the " Indcmnities ") from and against any and all obligations (including removal and <br />remediation), losses; claims (including third party claims), suits, judgments, liabilities, penalties, <br />damages (including consequential and punitive damages), costs and expenses (including <br />consultants; and attorneys' fees) of whatever kind or nature whatsoever that may at any time be <br />incurred by, imposed on, or asserted against the Indemnities directly or indirectly based on, :or <br />arising or resulting from the actual or alleged presence of Hazardous Materials on the Property. <br />15. OTHER AFFIRMATIVE COVENANTS <br />While any obligation of Developer under the Inclusionary Promissory Note, Inclusionary <br />Deed of Trust, CDBG Promissory Note; or CDBG Deed of Trust remain outstanding, the <br />following provisions shall apply, except to the extent that City Project Manager otherwise <br />consents in writing: <br />15.1 Existence. The sole member of Developer's managing general partner shall maintain its <br />existence in good standing under the laws of the State of California, and Developer shall provide <br />documentation of such status annually to the City. <br />15.2 Protection of Lien. Developer shall maintain the lien of the Inclusionary Deed of Trust <br />and CDBG Deed of Trust as a valid second and third priority deed of trust on the Property and <br />take all actions, and execute and deliver toCityall documents, reasonably required by City from <br />time to time in connection therewith. <br />15;3 Notice of Certain Matters. -Developer shall give notice to City, within ten (10) days of <br />Developer's learning thereof; of each of the following: <br />(a) any filed litigation or claim affecting or relating to the Property and <br />involving an amount in excess of $5,000; and any litigation or claim that <br />might subject Developer or any general partner to liability in excess of <br />$5,000, whether covered by insurance or not; <br />(b) any dispute between Developer and a Governmental Authority relating <br />to the Property, the adverse determination of which might materially <br />affect the Property; <br />(c) any change in Developer's principal place of business; <br />(d) any aspect of the Improvements that is not in substantial conformity with <br />the plans or code; <br />(e) any Event of Default or event which, with the giving of notice or the <br />passage of time or both, would constitute an Event of Default; <br />(f) any material default by Developer or any other party under any Senior <br />Loan document; or the receipt by Developer of any notice of default <br />under any Senior Loan document; <br />28 <br />
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