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2.1.2 Revitalization Budget. Attached hereto as Exhibit G is the proposed <br /> Revitalization Budget. <br /> 2.1.3 Financing. Except as otherwise provided for herein, Developer shall be <br /> responsible for identifying, applying for, and obtaining all Other Financing necessary to complete <br /> the Revitalization. <br /> 2.1.4 Tax Credit Application Submission(s). <br /> 2.1.4.1 Application for Low Income Housing Tax Credits. Developer <br /> prepared and submitted to IHDA on January 28,2002, an application seeking a reservation of Low <br /> Income Housing TaY Credits and/or the issuance of bonds pursuant to Section 146 of the Internal <br /> Revenue Code as part of the State of Illinois's volume cap for the Phase I Site. <br /> In the event Developer deems it appropriate to prepare and submit additional tax credit <br /> applications to IHDA for future phase, subject to applicable amendments to this Agreement,DHA <br /> and/or the City will execute such further assurances or instruments in support of the application(s)as <br /> may be reasonably necessary, including (but not necessarily restricted to) the Conveyance <br /> Documents. DHA and/or the City will not take action with regard to the application(s), except in <br /> coordination with Developer. <br /> 2.1.4.2 Selection of Equity Investor. Developer shall be responsible for the <br /> syndication of any Low Income Housing Tax Credits or other tax benefits received with respect to <br /> the Revitalization, shall be responsible for the tax and financial structuring of the syndication <br /> offerings,preparing the detailed financial proj ections,and preparing preliminary offering documents. <br /> Final selection of all Equity Partners shall be made by Developer,subj ect to approval by the DHA, <br /> which approval shall not be unreasonably withheld. <br /> 2.1.5 Monthly Status Reports and Information. No later than the 15"' of each <br /> month during the Term of this Agreement,Developer shall provide DHA and the City with a written <br /> progress report of the previous month in such form as may reasonably be required by DHA and;with <br /> respect to the City, in electronic form as well. Such reports shall include, but are not limited to, <br /> Developer and subcontractor work completed, a list of any current and outstanding �ssues to be <br /> addressed by DHA and/or the City,budget status,status of milestone achievement,explanations for <br /> any delays, and, as necessary,revised budgets. <br /> 2.1.6 Quarterly Status Reports and Information. No later than the 15"'of each <br /> month following the end of any calendar quarter during the Term of this Agreement, Master <br /> Developer shall provide DHA and the City with a written progress report of the previous quarter in <br /> such form as may reasonably be required by DHA and the City. Such progress reports shall,with <br /> respect to Developer's obligations, cover all topics required to be included in DHA's quarterly <br /> narrative performance report to HUD, as required under Article XII of the HOPE VI Grant <br /> Agreement, including the status of all Revitalization activities. Such reports shall also include <br /> documentation of compliance with applicable employment and contracting requirements,including <br /> Section 3 employment and contracting, and an update of the Performance Milestones and the <br /> Revitalization Budget, including an analysis of actual versus budgeted expenses. In addition, <br /> Decatur Housing Authority Near North Impact Area Development Agreement <br /> Page 10 <br />