Laserfiche WebLink
(iv) Information on the status of the waiting list for units, including the number <br /> of households on the list and the number of City of Pleasanton residents and persons employed in <br /> the City on the list; and <br /> (v) A financial audit of the books and records of the Project prepared in <br /> accordance with generally accepted auditing standards by an independent certified public <br /> accountant. <br /> (vi) City may, in its reasonable discretion, from time to time request additional <br /> or different information, and Owner shall promptly supply such information in the reports <br /> required hereunder. <br /> 3.3. Maintenance of Records. <br /> 3.3.1 Owner shall maintain all records regarding the construction of the Project <br /> for five (5)years after final payment and all other pending matters are closed. Owner shall also <br /> maintain tenant leases, income certifications and other matters related to the leasing of the <br /> affordable units for a period of five(5) years after the final date of occupancy by the tenant. <br /> 3.3.2 Records must be kept accurate and up-to-date. City shall notify Owner of <br /> any records it deems insufficient. Owner shall have fifteen (15)calendar days from such notice <br /> to correct any specified deficiency in the records, or, if more than fifteen (15)days shall be <br /> reasonably necessary to correct the deficiency, Owner shall begin to correct the deficiency within <br /> fifteen (15)days and diligently pursue the correction of the deficiency as soon as reasonably <br /> possible. <br /> 3.4 Access to Records; Inspections. <br /> 3.4.1 With at least 48-hours' notice, during normal business hours, Owner shall <br /> provide City and its authorized agents and representatives access to any books, documents, <br /> papers and records of the Project for the purpose of making audits,examinations, excerpts and <br /> transcriptions. <br /> 3.4.2 With at least 48-hours' notice, during normal business hours and as often <br /> as may be deemed necessary, City and its authorized agents and representatives shall be <br /> permitted access to and the right to examine the Project and the Property and to interview tenants <br /> and employees of the Project, for the purpose of verifying compliance with applicable regulations <br /> and compliance with the conditions of this Agreement and the other City Documents. <br /> 4. Term of Agreement. <br /> 4.1 Term of Restrictions. This Agreement shall remain in effect until the later of(i) <br /> the fifty-fifth(55`h)anniversary of the date upon which the Project construction loan converts to <br /> permanent financing, or(ii)the expiration of the term of the Ground Lease. <br /> 4.2 Effectiveness Succeeds Conveyance of Property and Repayment of Loan. This <br /> 13 <br /> OAK #4832-3506-8205 v4 <br />