R98-41 AUTHORIZING LOAN AGREEMENT

Home Browse Search

,,.- ^ «.,' -21- (d) Cardwell agrees that no amount of the assistance provided under this Agreement will be utilized with respect to a facility which has given rise to a conviction under Section 113 (c) (1) of the Clean Air Act or Section 309 (c) of the Federal Water Pollution Control Act. 7. 3 Area Development. (a) The funding under this Agreement is part of a project assisted under a program providing Federal financial assistance from the Department of Housing and Urban Development and is subject to the requirements of Section 3 of the Housing and Urban Development Act of 1968, as amended 12 U.S.C. 1701u. Section 3 requires that to the greatest extent possible, opportunities for training and employment be given lower income residents of the project area. Section 3 also requires that contracts for work and loans to businesses in connection with the project be awarded to business concerns which are located in, or owned in substantial part by persons residing in the area of the project. (b) Cardwell, as to One Main Place, will comply with the provisions of said Section 3 and the regulations issued pursuant thereto by the Secretary of Housing and Urban Development and all applicable rules and orders of the Department issued thereunder prior to or after the execution of this Agreement. The parties to this Agreement certify and agree that they are under no contractual or other disability which would prevent them from complying with these requirements.