201107530 - Laserfiche WebLink

Browse

201107530 of HUD and certified by a Certified Public Accountant, or other person acceptable to the Commissioner. 4==719. The Owner further covenants and agrees that if the Owner conveys title to the pProject prior to the aforesaid maturity date, the Owner will require the HUD - approved purchaser to assume the obligations of the Owner under this Agreement. 4=9-20. The Owner shall provide to HUD (or to such third party as HUD may, in its sole discretion, determine to have the monitoring function under this Agreement), promptly following receipt of a written request from HUD (or from such third party), copies of all Tenant certifications of income, re- certifications, calculations of permitted income ranges regarding the Housing Project, and such other documents as may be reasonably required to evaluate the Owner's compliance with the terms of this Agreement. In addition, the Owner shall permit representatives of HUD (or any third party given the monitoring responsibility) following notice from HUD (or from the third party), to examine . the originals of all such documents, at the Housing Project's office during regular business hours. 4=921. The Owner must certify annually by October 1" of each year, to the local HUD field office, or such other location as determined by HUD, that it is operating the Project in compliance with this Agreement and, more specifically, that all of the individual units, as well as the physical structure of the pProject as a whole,. for example grounds and equipment, comply with all applicable codes and requirement of this Agreement or that a remedial program to correct any existing deficiencies has been implemented. . N22-. Should any of the above covenants be held invalid in whole or in part, it shall not affect or invalidate the balance of such covenant or any other covenants. [SEE ATTACHED COUNTERPART SIGNATURE PAGES] V