Resolution 8837 - Laserfiche WebLink

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8 MANAGEMENT AGREEMENT 9.7. Review of Operation. The Agent shall permit the Public Agencies to conduct on- site evaluations of the performance of any or all management services which the Agent has agreed to provide as stipulated in this Agreement, and the Management Plan, if required. An authorized representative of the Agent shall be available during on-site evaluations. The Public Agencies may render to the Owner and Agent written reports based on such evaluations. The Agent shall correct any deficiencies noted in these evaluations within 30 days of the receipt of the report from MPHA. In the event such correction cannot be made within 30 days, the Agent shall provide the Public Agencies with a written plan for such correction, including a timetable of proposed actions. 9.8. Collections and Delinquencies. The Agent shall collect and deposit in the account established pursuant to Section 11 hereof of all Rents and other charges due from Tenants and all Rents or other payments due the Owner from users of garage spaces and from users or lessees of other non-dwelling facilities in the Development. All payments· of Operating Subsidy made to the Development pursuant to the MPHA Regulatory Agreement shall be deposited by the Agent into such account. The Initial Deposit to the Authority Reserve shall be segregated and invested as set forth in Section 5.1 of the MPHA Regulatory Agreement. The Agent agrees, and the Owner hereby authorizes the Agent, to request, demand, collect, receive, and give receipts for any and all charges or rents which may at any time be or become payable to the Owner. Rents and other charges shall not be accepted in cash by the Agent. The Agent agrees to take such action, including legal action, with respect to delinquencies in payments due the Owner as the Owner may from time to time authorize. The Agent shall furnish the Owner an itemized list of all Tenants with a delinquent account immediately following the fifteenth day of each month. 9.9. Payments and Expenses. From the funds collected and deposited in the account established pursuant to Section 11. The Agent shall not make any disbursement in excess of $2,000.00 unless specifically authorized by the Owner; provided that emergency repairs, involving manifest danger to life and property, or immediately necessary for the preservation and safety of the Development, or for the safety of Tenants, or required to avoid the suspension of any necessary services to the Development, may be made by the Agent without regard to the cost limitation imposed by this paragraph with the understanding that the Agent will, if at all possible, confer immediately with the Owner regarding every such expenditure. The Agent shall not incur liabilities of the direct or contingent) which, in the aggregate will exceed at any time $2,000.00 unless specifically authorized by the Owner.