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14 MANAGEMENT AGREEMENT <br />All supervisory, bookkeeping-accounting, clerical, along with all of the Agent's off-site <br />overhead expenses (including but not limited to costs of office supplies, photocopying, the <br />fidelity bond, staff training, postage, stationery, transportation, and telephone expenses, other <br />than management-related long distance calls) will be borne by the Agent out of its own funds and <br />will not be treated as an operating expense of the Development. <br /> <br />Section 14. Non-Discrimination. <br /> <br />14.1. In the performance of its obligations under this Agreement, the Agent will comply <br />with the provisions of any federal, state, or local law prohibiting discrimination in <br />housing on the grounds of race, color, sex, creed, religion marital status, physical <br />or mental disability, economic status, or national origin, including Title VI of the <br />Civil Rights Act of 1964 (Public Law 88-352, 78 Stat. 241), all requirements <br />imposed by or pursuant to the regulations issued pursuant to the regulations issued <br />pursuant to Executive Order 11063, and Title VII of the 1968 Civil Rights Act. <br /> <br />This Agreement may be terminated or suspended in whole or in part, by the Owner <br />upon the basis of a finding by Owner that the Agent has not complied with non- <br />discrimination provisions. <br /> <br />14.2. The Agent shall comply with the "Residential Selection Plan" for the Development <br />(attached hereto as Exhibit F). <br /> <br />Section 1S. Fidelity Bond. The Agent shall furnish, at its own expense, a fidelity bond <br />to protect the Owner against misapplication of funds of the Development by the Agent and its <br />employees. The terms and conditions of the bond, and the surety thereon, shall also be subject to <br />the approval of the Owner and shall be in an amount not less than two (2) times the total of the <br />following: <br /> <br />(a) The maximum possible monthly Rent collections based on 100% <br />occupancy as set forth in the annual budget referred to in Section 9.19, <br />herein; and, <br /> <br />(b) Monthly Non-Housing Income as defined in Section 1.16; and <br /> <br />(c) The maximum possible funds being held as security deposits based on 100% <br />occupancy.