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VINTAGE ASSOCIATES - AGREEMENT FOR IMPLEMENTATION OF RAP EXEMPTION
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VINTAGE ASSOCIATES - AGREEMENT FOR IMPLEMENTATION OF RAP EXEMPTION
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11/5/2007 11:48:53 AM
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11/5/2007 9:29:46 AM
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LONG TERM AGREEMENTS
LONG TERM AGREEMENTS - DOCUMENT DATE
5/8/1984
LONG TERM AGREEMENTS - NAME
VINTAGE ASSOCIATES
LONG TERM AGREEMENTS - TYPE
MISC AGMT
LONG TERM AGREEMENTS - RECORD SERIES
704-06
LONG TERM AGREEMENTS - DESTRUCTION DATE
PERMANENT
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c. The current number of_occupied and reserved units <br />of those made available for lease pursuant to Section 4, their <br />current rents, and a statement that these rent levels did not <br />exceed the levels authorized by Section 4 during the preceding <br />year. <br />d. Notification to the City of any increase in rents <br />for lower-income or moderate-income units during the preceding <br />year, the effective date of such rent increases and a copy of the <br />Federally published median income data and calculations or other <br />justifications upon which such rent increases were based. <br />e. A listing, by unit number, of which units were <br />occupied by, or reserved for, lower-income households. during the <br />reporting period. <br />f. A calculation of the percentage of designate d <br />lower-income and moderate-income units which were vacant on the <br />Anniversary Date. <br />g. A statement that to the knowledge of the Developer <br />no default has occurred under this Agreement. <br />8. Further Investigation. <br />Upon receipt of the Annual Report, the City's Director <br />of Planning and Community Development ("Director") shall file the <br />Annual Report, and may undertake further investigation as deemed <br />appropriate. If any such further investigation reveals possible <br />violations of the terms of this Agreement, the Director shall <br />issue a Notice of Noncompliance to the Developer specifying the <br />basis for any alleged violation of this Agreement. If the Developer <br />and the Director cannot resolve the matter, then the Developer <br />-7- <br />
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