Housing Hope HCS-15-42-1213-198(1) 7/25/2016

B. Reports The Agency agrees to submit to the City such reports as the City requests pursuant to the requirements of state or federal law. As a minimum, the Agency shall submit, in a format prescribed by the City, the following: 1. Project Close Out Reports/Submittals The Agency shall provide close out documentation required by this Loan Agreement and as may be required by the City, which may include, but is not limited to the following: evidence of required insurance coverages; copies of occupancy permits; architect's certificate of final completion; final lien releases from contractors in the full amount of the construction contract; affidavits that state prevailing wage have been paid, and/or required Davis Bacon documentation, if applicable; copies of the general contractor's 1 year warranty; Capital Needs Assessment; copies of final executed property management agreements and final management plan, including affirmative marketing plan; electronic copies of all final executed financing documents; a final accounting of total project costs, including final sources and uses; and initial tenant rent rolls and if there are HOME floating units, designation of the unit numbers and type/size of the units, consistent with the loan agreement designation of the HOME floating units; 2. Quarterly Reports Quarterly reports shall be due when requested by the City (but no sooner than thirty (30) days following the end of the subject quarter); shall cover the preceding three month period; shall indicate progress made in undertaking the Project; and shall provide such financial management information as is required by the City. 3. Annual Reports The Agency shall file, by June 30th of each year, a Combined Funders Annual Report, (WBARS — Web Based Annual Reporting System), and/or such other form of annual report as the City may require, covering the preceding calendar year, the first such report to be due on June 30th of the year following the project being placed in service (Issuance of a Certificate of Occupancy or Final Inspection), and the last such report to be due ninety (90) days after the end of the calendar year following the expiration or termination of this Agreement. The report shall contain such information as the County may then require, including, but not limited to, the following: a. An report of the fiscal condition of the Project, required whenever financial assistance is provided by the City. This report shall include financial statements indicating surplus or deficits in operating accounts, a detailed itemized listing of income and expenses, and the amounts of any fiscal Amended HOME Loan Agreement Housing Hope's Kennedy Court Improvement Project Page 43 of 53