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HopeWorks Station Residential LLP 4/17/2019
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HopeWorks Station Residential LLP 4/17/2019
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Last modified
8/6/2019 11:49:59 AM
Creation date
8/6/2019 11:49:30 AM
Metadata
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Contracts
Contractor's Name
HopeWorks Station Residential LLP
Approval Date
4/17/2019
Council Approval Date
12/12/2018
Department
Planning
Department Project Manager
Rebecca McCrary
Subject / Project Title
Affordable Housing Trust Fund Loan
Tracking Number
0001941
Total Compensation
$219,067.00
Contract Type
Agreement
Retention Period
6 Years Then Destroy
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Table of Contents <br /> Page <br /> RECITALS 1 <br /> I. LOAN TERMS 2 <br /> A. The Loan 2 <br /> B. Security for the Loan 2 <br /> C. The Project 2 <br /> D. Project Budget 2 <br /> E. Assignment of Obligations 3 <br /> F. Public Information 3 <br /> II. RESIDENT POPULATION OF THE PROJECT 3 <br /> III. TERM OF AGREEMENT 3 <br /> IV. PAYMENT AND DISBURSEMENTS 4 <br /> V. BUDGET REVISIONS 4 <br /> VI. APPRAISAL 4 <br /> VII. TITLE INSURANCE 4 <br /> VIII. PROPERTY TAXES AND UTILITIES 5 <br /> IX. COVENANT AGREEMENT; PRIORITY AND SUBORDINATION AGREEMENT 5 <br /> X. MANAGEMENT OF THE PROJECT 6 <br /> A. In General 6 <br /> B. Resident Eligibility 6 <br /> C. Occupancy Procedures 6 <br /> D. Resident Services on the Premises 6 <br /> E. Employment Discrimination 7 <br /> XI. INSURANCE 7 <br /> A. Liability Insurance 7 <br /> B. Property Insurance with Special Causes of Loss & Builders Risk Insurance 7 <br /> C. Professional Services 7 <br /> D. Workers' Compensation 8 <br /> E. General Requirements 8 <br /> - 2 - <br />
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