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4 <br /> <br /> <br />further agrees the total Project will be completed in accordance with the Project Plan attached <br />hereto as Exhibit B. <br />Notwithstanding any provision of this Agreement to the contrary, the Developer’s failure to <br />complete the Project or any other obligations the Developer may have under this Agreement by <br />the Mandatory Project Completion Date will constitute a default under this Agreement without <br />any requirement of notice of or an opportunity to cure such failure. In addition, Developer’s failure <br />to comply with the affordability requirements set forth in the Project Plan in Exhibit B for the full <br />timeframes required shall constitute a default under this Agreement without any requirement of <br />notice of an opportunity to cure such failure. <br />4.6 Reporting Obligations. <br />(a) Upon the letting of contracts for substantial portions of the Project and again <br />upon substantial completion of the Project, the Developer hereby agrees to report to the <br />Commission the number of local contractors and local laborers involved in the Project, the <br />amount of bid awards for each contract related to the Project, and information regarding <br />which contractor is awarded each contract with respect to the Project. <br />(b) On or before June 30 and December 31 of each year until substantial <br />completion of the Project, the Developer shall submit to the Commission a report, in the <br />format set forth as Exhibit E, demonstrating the Developer’s good-faith compliance with <br />the terms of this Agreement. The report shall include the following information and <br />documents: (i) a status report of the construction completed to date, (ii) an update on the <br />project schedule, (iii) an itemized accounting generally identifying the Private Investment <br />to date, and (iv) a status report of the number of jobs created for employment at the <br />Developer Property. <br />(c) On or before April 15 of the year that is one year after substantial <br />completion of the Project and on each April 15 thereafter until April 15 of the year which <br />is fifteen (15) years after substantial completion of the Project, the Developer shall submit <br />to the Commission documentation to certify compliance with income and rent restrictions <br />and maintain documentation sufficient to verify tenant eligibility and rent levels. <br />4.7 Submission of Plans and Specifications for Project. Promptly upon completion of <br />all plans and specifications for the Project, or changes thereto, and prior to the Commission’s <br />expenditure of the Funding Amount, the Developer shall deliver a complete set thereof to the City’s <br />Executive Director Department of Community Investment, or his or her designee, who may <br />approve or disapprove said plans and specifications for the Project in his or her sole discretion and <br />may request revisions or amendments to be made to the same. <br />4.8 Costs and Expenses of Construction of Project. The Developer hereby agrees to <br />pay, or cause to be paid, all costs and expenses of planning, construction, management, and all <br />other activities or purposes associated with the Project (including legal, architectural, and <br />engineering fees), exclusive of the Local Public Improvements, which shall be paid for by the <br />Commission by and through the Funding Amount subject to the terms of this Agreement. <br />4.9 Specifications for Local Public Improvements. The Developer will be responsible <br />for the preparation of all bid specifications related to the Local Public Improvements, and the