Program Maintenance. In addition to the routine maintenance and repair required pursuant to Section 7(a) Borrower shall perform the following programmed maintenance on the Apartment Complex: (i) Interior painting and window covering replacement at least every five (5) years; years; and (ii) Exterior painting at least every ten (10) years; (iii) Repair and resurfacing of parking areas and walkways at least every five (5) (iv) Replacement of all deteriorated or worn landscaping at least every five (5) years and replacement of play equipment at least every five (5) years. Upon the request of Borrower, the Executive Director, at his sole and absolute discretion, may grant a waiver or deferral of any program maintenance requirement. Borrower shall keep such records of maintenance and repair as are necessary to prove performance of the program maintenance requirements.
Appears in 5 contracts
Samples: Regulatory Agreement and Declaration of Restrictive Covenants, Regulatory Agreement and Declaration of Restrictive Covenants, Regulatory Agreement and Declaration of Restrictive Covenants
Program Maintenance. In addition to the routine maintenance and repair required pursuant to Section 7(a) Borrower shall perform the following programmed maintenance on the Apartment Complex:
(i) Interior painting and window covering replacement at least every five (5) years; years; andand
(ii) Exterior painting at least every ten (10) years;
(iii) Repair and resurfacing of parking areas and walkways at least every five (5)
(iv) Replacement of all deteriorated or worn landscaping at least every five (5) years and replacement of play equipment at least every five (5) years. Upon the request of Borrower, the Executive Director, at his sole and absolute discretion, may grant a waiver or deferral of any program maintenance requirement. Borrower shall keep such records of maintenance and repair as are necessary to prove performance of the program maintenance requirements.
Appears in 1 contract
Samples: Regulatory Agreement and Declaration of Restrictive Covenants
Program Maintenance. In addition to the routine maintenance and repair required pursuant to Section 7(a) Borrower 1208.1 Developer shall perform the following programmed maintenance on the Apartment Complex:
(ia) Interior painting and window covering replacement at least every five (5) years; years; and;
(iib) Exterior painting at least every ten (10) years;
(iiic) Repair and resurfacing of parking areas and walkways at least every five (5)) years; and
(ivd) Replacement of all deteriorated or worn landscaping at least every five (5) years and replacement of play equipment at least every five (5) years. Upon the request of BorrowerDeveloper, the Executive DirectorAuthority, at his Authority’s sole and absolute discretion, may grant a waiver or deferral of any program maintenance requirement. Borrower Developer shall keep such records of maintenance and repair as are necessary to prove performance of the program maintenance requirements.
Appears in 1 contract
Samples: Affordable Housing Agreement
