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��1007�37 <br />EXHIBIT C <br />DUE DILIGENCE RE CITREMENTS <br />Section 1 Due Dili�ence,Required at, Closing: <br />1. Dra� Construction Loan docurnents. Draf�s of the construction loan documents. <br />2. Letter af Commitment. Capy of an executed LIHTC cammitment agreement between <br />the Ta7c Credit Inv�star and the Owner. <br />3. Return of LIHTC. If the project proposed to return a portian of its Tax Credits, <br />please execute and submit an AgreernenC to Return LIHTC and return one copy to the <br />Authority. <br />4. Warranty Deed. Copy vf the record Warrant Deed for the Project. <br />5. Conditional Award. Receipt by the Authority of any remaining diligence set farth in <br />the Conditional Award dated February 28, 2010, <br />6. Title Policy„C,�mmitment, Copy of the Titl� Palicy Cornrnitrnent <br />Section 2__ . Due Dili�ence Required Prior to �irst„_Disbursement: <br />1. Constzuction Loan dacuments. Copy af the executed construction loan documents. <br />2. Executed Partn�rshi A reement. Copy of the executed Partnership Agreement with <br />the Ta�c Credit Tnvestar. <br />3. Architect Certification. Certificatian (Part 1) fram the Froject architect in the f�rin <br />attached hereto as Attachrnent l. <br />4. Title Policv. Copy of the Title Policy with extanded lien and survey coverage. <br />5. Builder's Risk Insurance. Copy of Builder's Risk Casualty Insurance Policy which <br />shall include an endorsernent adding the Authority as an additional insured. <br />6. Construction Conlract. Capy oFthe executed Construction Contract for the Project. <br />'�. 16�2 Documents. Recorded copy of the Section 16Q2 Subaward Agreement and <br />Recapture Deed of Trust. <br />asa6-49z�•� �67.3 <br />