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<br /> ��� . �� (e) that tbe Authority shall have the right to p��foPm an�an sit gOsp�o�n�of ��
<br /> • the Pmject throughout the Qualified Proj�ct Pertod,in addition to tDze requirement that the
<br /> � .,' Owner aubmit to the Authority eacb year information an tenant income� snpporting
<br /> � ° ,.� documentation and rent for eacb low income unit�a designated above; -_
<br /> �
<br /> , � :.. ;br� (fj the form of lease to be used by �a.� Qvvte�r in rendng any unita in the ��
<br /> ,�;, Project to Qualified Tenants shall provide foE terminatic�n of the lease and consent by =
<br /> �.�,.,�t:� such person tce jmanediate evIction pmceedin$s in uccozdaxace vvith state law for failute to =
<br /> qualify►as a Qualnfied Tenant,as applical9le,as a reaul�of any material mi$representarion -
<br /> �; � made by suah person with resFect to his or her inCOt�.e,thc failure W grqvid�suppofing
<br /> �, income verification or faiflure by eucF� person to su:wally update the CertiScstion of °
<br /> • ;; Tenant EligibiUty and Income Veri�icat�on;
<br /> 4.
<br /> , (�) to permit any dul�r �uthozized repz�esentative of the Authority, the
<br /> . Dapartxi�ent of the Treasury ox th� Iaternal Reveauu Servicc to inspect the books and =
<br /> records of t�,e Owner pertaining to t�Z¢i�tcomes af��Qu�ali$:ed Tenanta residing in the
<br /> , Froje��;ari�l -
<br /> � (h) throughout �e QZua2i�c� �+coject Period, to tagget rents, tcn comply with
<br />- , ; ,-; targeted reut IevoIs,and to�ca�nplg, ����r conditions of targeting as se8 forth on the
<br />; - r. :,.=.
<br /> Summary Pag�hereof.
<br /> .�?h Sectioa S. Team of Restpi¢ttmmms.
<br /> ��'� ' � (a) 7fhe term of ttn6 Occ anc Restriction set forth in Sectiott 4 of tlus
<br /> ,:�:•.f:kr'., uP Y
<br />-��+;�;`� :�,,:•,. Agreement sb.�11 Qi)commena� aa tiv�i�ccupancy Date amd(�n)ead on the date which ia
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<br /> .,a�,' '} `•r 1�1C It�uirix�N�uer of'{eats af�r f�e uccupancy I3afie. _
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<br /> =":�i:iifnic�.' .. -
<br /> _ � . (b) Notwithstaaading subseadon(a) above, the Owner shaU comply with the
<br />'=;;�,�;�.� requirements af Section 4�4h)�aela#na�g ta a 1 S-year extended use period�(30 yea�s totalj;
<br /> :��;��;;� provided, howeve�, that, with ses��t to any building that is p�rt af t�ie Projoct,this�
<br />--=�;;f;�,��,i . Agteemsnt shaU terminate:
<br />=n�',r�,�,,^"�s�
<br /> -,:-��r�::�;?.�� (1) on the date such building is acquiredby fpreclosuze ar instnunent .
<br /> "='�=�-�= `` in lieu of foreelosure(including a deed of tiust);or • �
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<br /> ---_ __— . (2) Af the Owner has progerly requested in accardanr�e with Code
<br />- --�-='�� . Section 42(hx6)that the Authority assist in procuring s qtialified cantract for the
<br /> _;;-;__.��'� �w�iuun oi the tu�+•i�wi;�r��ruoa a��-uc���ilw��aad�ad Aut3�ai•ity ir�uuiubls
<br /> `"�-� to present a qtialified contract� one year after the date tt�e�vrltten request was -
<br /> as:.:OYiA.. _
<br /> �,� subnaittsd to the Authority. Project Ownar agr�es that
<br /> ;������ IRC section 42(h)(6j(E)(i)(In shall not apply to, and sha�l. not cause the
<br /> ._ --_ - - terminatioa o�the extended use period applicable to aay building of the Projec�
<br /> ::;
<br /> _---___- (e) Notwithstanding subsection(b) above, the Section 42 rent requirements
<br /> --- =_�°'� . shall continue for a period of t�uce years following the tetmination of this Agreement
<br /> - -��±:"'�:�: During such three-year period, the Owaer shaU not evict cn teiminate the 3enaiacy of an
<br /> :.1�_�1,:. .
<br /> -- �� �` existing tenant of any low-income unit other than for goodcause aad shall not iacrease
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