Agenda Packets - 2017/10/09 - Laserfiche WebLink

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