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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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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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shall be given notice and opportunity to respond before the City <br />Council. <br />9. Remedies for Noncompliance. <br />If the City Council, after notice and hearing, shall <br />find on the basis of substantial evidence that the Developer has <br />not complied with the terms of this Agreement, then, in addition <br />to enforcing its other rights at law or in equity, the City may <br />act as follows: <br />a. Technical Noncompliance. Minor and unintentional <br />violations (e.g, involving fewer than three units) of this Agreement <br />shall be assigned a dollar value as the City Council in its sole <br />discretion may set. The Developer shall be obligated to pay that <br />dollar amount to the City within sixty (60) days of the City <br />Council's finding. Any such fines shall be placed in the City's <br />lower-income housing fund and shall be expended as required by <br />said fund, <br />b. Willful and Intentional Noncompliance. If the <br />City Council finds that there were willful and intentional violations <br />of this Agreement (including, but not limited to, more than three <br />units or fraud or deceit on the part of Developer or any of its <br />authorized agents, or involving any substantial infringement of <br />the rights of tenants intended to be beriefitted by~the terms of <br />this agreement), or the failure to pay amounts determined pursuant- <br />to subsection (a) within the period specified, then, in addition <br />to the dollar value of the violation, the term of this Agreement <br />may be extended for a-period of up to one year for each instance <br />of violation, as the City Council shall deem appropriate. <br />-s- <br />
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