Item 4 - Low-Income Prop Tx Ex. - Laserfiche WebLink

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8.2 City agrees to execute a subordination agreement satisfactory to any lender described in Paragraph 8.1 confirming the subordinate nature of City's rights under this agreement and the recorded document. 9. Contract Administration. Each party designates the following as its representative for purposes of administering this agreement: Metro: NEDCO: City: Richard Larson Sandy Halonen Linda Dawson President Executive Director Planning and Development P.O. Box 5848 775 Monroe 99 W. 10th Avenue Eugene, Oregon 97405 Eugene, Oregon 97402 Eugene, Oregon 97401 Either party may change its designated representative by giving written notice to the other as provided in paragraph 13. 10. Record/Inspection. Metro and NEDCO shall maintain records of its CDBG grant require- ments under this contract for a period of not less than five (5) full fiscal years following completion of the compliance period under Paragraph 4.3 and 5.3, as follows: 10.1Metro and NEDCO shall maintain appropriate records reasonably required by City for determination of compliance with Metro and NEDCO's covenants and obligations under this agreement, including records of all tenants, regardless of length of occupancy, residing in affordable units in the Project and single family units. Records and documentation maintained by Metro and NEDCO shall be sufficient to verify eligibility as very Iow or lower income families according to CDBG income guidelines. Information shall include income level, race and ethnicity data, female head of household, and disability status and such other information as City may reasonably require. 10.2City shall have the right, upon reasonable advance notice, to inspect, audit and make copies of any records that relate to this agreement that are reasonably necessary to determine compliance with the requirements of this agreement. 11. Indemnification. To the extent legally possible, Metro, NEDCO and City shall indemnify and hold the other, its officers, agents, and employees, harmless from and against any and all claims, actions, liabilities, costs, including attorney fees and other costs of defense, arising out of or in any way related to any act or failure to act by each other and each other's employees, agents, officers, and contractors in connection with this agreement. 12. Compliance With Laws. Metro and NEDCO shall comply with all applicable federal, state, and local laws, rules, ordinances, and regulations, in connection with its use of the Property and shall defend, indemnify and hold City harmless from any failure of compliance. 13. Notices. Any notices permitted or required by this contract shall be deemed given when personally delivered or upon deposit in the United States mail, postage fully prepaid, certified, return receipt requested, addressed to the representative designated in paragraph 9. Either party may change its address by notice given to the other in accordance with this paragraph. Metro Apple Orchard Apartments Land Grant Agreement - 6