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201007863 <br />EXHTBIT C <br />DUE DYLIGENCE REOUIItEMENTS <br />Section 1 Due Dili�ence Reauired at Closin�: <br />1. Draft Construction Loan documents. Drafts af thc construction loan documents. <br />2. Letter of Commitment. Copy of an executed LTHTC commitrnent agreement between <br />the Tax Credit Tnvestor and the �wner. <br />3. Return of LTHTC. If the project proposed to return a portion of its Tax Credits, <br />please execute and submit an Agreement to R�turn LIHTC and return one capy to the <br />Authority. <br />4. Warranty Deed. Copy of the record Warrant Deed for the Proj�ct. <br />5. Conditional Award. Receipt by the Autharity of any remaining diligencc set forth in <br />the Conditional Awaxd dated February 2d, 2010. <br />6. Title Polic mmi ent. Copy of the Title Policy Commitment <br />Section 2 Due Dili�ence Reguired Prior to First Disbursemetlt: <br />1. Construction Laan do�uments. Capy of the executed construction loan documents. <br />2. Execut�d �'artnershp Ag,��m�nt. Capy of the executed Partnership Agreement with <br />the Tax Credit Tnrrestor. <br />3. Architect Certification. Certi�cation (Part 1) from the Project architect in the form <br />attached hereto as Attachment 1. <br />4. Title Policv. Copy af the Title Palicy with extended lien and survey coverage. <br />5. Builder's_Risk__in�urance. Copy of Builder's Risk Casualty Insurance Policy which <br />shall include an endorsement adding the Authority as an additional insured. <br />6. Construction Contract. Copy of the executed Construction Contract for the Project. <br />7. 1602 Documents. Recarded copy of the Section 1602 Subaward Agreement atid <br />Recapture Deed vf Trust. <br />4848-2332-1094.2 <br />