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14-20 Cedar Glen Bond Ordinance Addendums
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14-20 Cedar Glen Bond Ordinance Addendums
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Last modified
3/18/2020 2:57:42 PM
Creation date
3/18/2020 2:55:23 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
3/23/2020
Bill Number
14-20
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EXHIBIT C: CERTIFICATE OF CONTINUING PROGRAM COMPLIANCE <br /> The undersigned, Authorized Borrower Representative of MAH Cedar Glen, LP., an <br /> Indiana limitedartnershiherebycertifies as follows: <br /> P P (the"Borrower"), <br /> 1. The undersigned has read and is thoroughly familiar with the provisions of the <br /> Regulatory Agreement and Declaration of Restrictive Covenants, dated as of April 1, 2020, <br /> among the Borrower and the City of South Bend, Indiana (the "Agreement" or "Regulatory <br /> Agreement"). <br /> 2. Based on Income Computations and Certifications on file with the Borrower, as <br /> of the date of this Certificate the following number of completed residential units in the Project <br /> (i) are occupied by Qualifying Tenants (as such term is defined in the Agreement), or (ii) were <br /> previously occupied by Qualifying Tenants and have been vacant and not reoccupied except for a <br /> temporary period of no more than 31 days: <br /> Occupied by Qualifying Tenants: No. of Units <br /> Previously occupied by Qualifying Tenants <br /> (vacant and not reoccupied except for a <br /> temporary period of no more than 31 days) No. of Units <br /> 3. The total number of completed residential units in the Project is <br /> 4. No default has occurred and is continuing under the Agreement. <br /> MAH CEDAR GLEN,LP <br /> an Indiana limited partnership, <br /> as Borrower <br /> By: MAH Cedar Glen GP, LLC, <br /> an Indiana limited liability company, <br /> its general partner <br /> By: Merchants Affordable Housing Corp., <br /> an Indiana nonprofit corporation, <br /> its sole member <br /> By: <br /> Janine Betsey, President <br /> C-1 <br />
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