SR 05:219 - Laserfiche WebLink

Exhibit A Page 2 of 3 services, and social and recreational activities. Borrower shall also ensure that an appropriate level of services for residents of the affordable units, which shall be determined by an assessment of each resident in performing the activities of "daily living", shall be provided at no cost, and could include, but is not limited to, eating, bathing, mobility, dressing, toileting, laundry, housekeeping, and health care. 3, Funds Reoaid or Returned. HELP Loan funds which are repaid to the Borrower (by the Borrower's borrower), or which are not utilized within 30 days of their disbursement by the Agency shall be returned to the Age cy immediately. With the Agency's consent, in its sole discretion, and up conditions as the Agency may impose, and subject to the limitations 0 graphs 5. and 6. below, the funds so returned shall be available for re- 'on to Borrower, upon written application, for Borrower's use in accor . Agreement. 5. fthe rower does not draw any , then the Agency shall have rrower's right to receive future 4. elect to accept est shall e held by 6. t. The Borrower shall draw and utilize ds within 3 years from the date of this HELP oan funds which are not utilized within this 'n its sole discretion, shall be immediately repaid ive future draws from the undisbursed HELP Loan 7. Due on Certai he Borrower shall pay the outstanding balance of the HELP Loan in th at the Project is sold or transferred. If no such event (or other prepayment t as provided in this Agreement) occurs prior thereto, all amounts owing to the gency shall be due and payable upon the 10th (tenth) anniversary of the date of this Agreement. 8. Draw Procedure. The Borrower shall request draws from the undisbursed HELP Loan proceeds by submitting a certification to the Agency which represents that the Borrower intends to use the funds within 30 days ofthe draw. The Borrower shall provide the following information in its certification: 1) the HELP Loan Agreement number; 2) the property location where the funds will be used; 3) the specific dollar amount of the draw requested; 4) the specific proposed use of the draw; CalHFA HELP Ln. Agmt 7120105 (AR)