CCP 01-21-1997 - Laserfiche WebLink

Home Browse Search

I' '''Ir'1 ~. (3) The Developer acknowledges that the Commissioner, in selecting the City recipient of the Grant, relied in material part upon assured completion of the Project to be carried out by the Developer, and the Developer assures the City that said Project will be carried out by I the Developer. I (4) The Developer warrants that to the best of its knowledge, it has obtained all federal, state, and local governmental approvals, reviews, and permits required by law to be obtained in connection with the Project I (5) The Developer warrants that it shall keep and maintain books, records, and other documents relating directly to the receipt and disbursements of MIF loan proceeds and I that any dLlly authorized representative of the Commissioner shall, at all reasonable times, have access to and the right to inspect, copy, audit, and examine all such books, records, and other documents of the Developer until the completion of all closeout procedures I respecting the MIF loan and the final settlement and conclusion of all issues arising out of this loan. I (6) The Developer warrants that nO transfer of MIF loan proceeds by the City to the Developer shall be or be deemed an assignment of the loan proceeds and the Developer shall neither succeed to any rights, benefits, or advantages of the City under the Grant I Agreement, nor attain any right, privileges, authorities, or interests in or under the Grant Agreement. .. (7) The Developer warrants that it has fully complied with all applicable state and federal laws pertaining to its business and will continue said compliance throughout the terms of I this Agreement If at any time notice of noncompliance is received by the Developer, the Developer agrees to take any necessary action to comply with the State or Federal law in question. I I I I I I 15 ,. I