Payment of Third Party Costs. Within ten (10) days of the submittal by Authority staff of copies of invoices or xxxxxxxx for Third Party Costs incurred, it is and shall be the obligation of Developer to reimburse and pay to Authority one hundred percent (100%) of these Third Party Costs, unless Developer reasonably contests such Third Party Costs.
Payment of Third Party Costs. 85 7.16.3 Exception to Payment of Post-Effective Date Third Party Costs 85 7.17. Modifications 86 7.18. Severability 86 7.19. Computation of Time 86 7.20. Legal Advice 86 7.21. Cooperation 86 7.22. Conflicts of Interest 86 7.23. No Third Party Beneficiaries Except for City 86 LIST OF ATTACHMENTS ATTACHMENT NO. 1 - Avon Dakota Neighborhood Map ATTACHMENT NO. 2 - Narrative Description of Avon Dakota Neighborhood ATTACHMENT NO. 3 - Depiction of Project ATTACHMENT NO. 4 - Legal Description of Phase II ATTACHMENT NO. 5 - Schedule of Performance ATTACHMENT NO. 6 - Scope of Development ATTACHMENT NO. 7 - Form of Ground Lease ATTACHMENT NO. 8 - Form of Authority Promissory Note ATTACHMENT NO. 9 - Form of Authority Deed of Trust ATTACHMENT NO. 10 - Form of Regulatory Agreement ATTACHMENT NO. 11 - Form of Completion Guaranty ATTACHMENT NO. 12 - Form of Notice of Affordability Restrictions ATTACHMENT NO. 13 - Form of Request for Notice ATTACHMENT NO. 14 - Form of Release of Construction Covenants ATTACHMENT NO. 15 - List of Environmental Reports ATTACHMENT NO. 16 - Preliminary Financing Plan ATTACHMENT NO. 17 - Form of Operating Budget ATTACHMENT NO. 18 - Form of Residual Receipts Report ATTACHMENT NO. 19 - Scope of Social and Supportive Services AFFORDABLE HOUSING AGREEMENT (Avon Dakota Neighborhood - Phase II) This AFFORDABLE HOUSING AGREEMENT (Avon Dakota Neighborhood – Phase II) (“Agreement”), dated for purposes of identification only as of June , 2017, is entered into by and among ANAHEIM HOUSING AUTHORITY, a public body, corporate and politic (“Authority”), and AVON DAKOTA HOUSING PARTNERS II, L.P., a California limited partnership (“Developer”).
Payment of Third Party Costs. Within ten (10) calendar days ofthe submittal by City staff of copies of invoices or xxxxxxxx for Third Party Costs incurred, it is and shall be the obligation of Developer to reimburse and pay to City one hundred percent (I 00%) of these
Payment of Third Party Costs. Payment of all Third-Party Costs incurred as of the date of the execution of this Memorandum shall be payable as set forth in Section 5.1. above. Thereafter, following the enactment of the TIF legislation, Issuer shall use its best efforts to submit, or cause to be submitted, invoices to Developer on a monthly basis itemizing all such Third- Party Costs and describing the services rendered, the duration of each task, date of such task and hourly rate or fixed fee charged. Developer shall pay all such invoices within thirty (30) days of the date of the invoice. Any failure by Issuer to submit, or to cause to be submitted, to Developer one or more invoices on a regular basis shall not relieve Developer of its obligation hereunder to pay such invoice or invoices in accordance with Section 5.1. above, but payment shall not be made unless and until such invoice or invoices are submitted to Developer. It is acknowledged that when and if the TIF Bonds are issued, the Third-Party Costs will be paid from the proceeds of the TIF Bonds, to the extent permitted by the TIF Act and the Special Tax Act, the TIF Legislation, the documents executed and delivered in connection with the issuance of the TIF Bonds and federal tax principles (if applicable to the TIF Bonds). To the extent Developer has paid any Third-Party Costs prior to the issuance of the TIF Bonds, Developer will be reimbursed from the TIF Bond proceeds for such Third-Party Costs to the extent permitted by the TIF Act and the Special Tax Act, the TIF Legislation, the documents executed and delivered in connection with the issuance of the TIF Bonds and federal tax principles (if applicable to the TIF Bonds).
