R95-57 AUTHORIZING AGREEMENT DOWNTOWN RENTAL REHAB

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r r • r Owner understands and acknowledges that Owner is the. recipient of the money and is responsible for the proper applica- tion of such money for rehabilitation purposes in accordance with the regulations of the Federal Government, and the City. Owner understands and agrees that the City does not guarantee and is not responsible for any work performed by eon- tractor, but that the City will use its best efforts to aid Owner in the legal and proper use of money received by Owner from the City for rehabilitation purposes, and that Owner is and remains responsible for the use of such money throughout the time the rehabilitation project is being performed. Owner will cooperate with the City to accomplish the purpose of the rehabilitation project for Owner. To the extent permitted by law, Owner shall indemnify and hold harmless, the City and its agents from and against all claims, damages, losses and expenses, including attorneys' fees arising out of or resulting from the rehabilitation work to be performed on property of Owner with funds received by Owner from the City, including negligent acts or omissions of the contractor performing the rehabilitation work, his agents, subcontractors and anyone directly or indirectly employed by any of them, and, losses attributable to bodily injury, or death, and, injury to or destruction to tangible property including the loss of use resulting therefrom in their performance o� the rehabilitation project for Owner. Owner releases the City from any liability arising out of the giving or failure to give directions or instructions or any action or lack of action by the City or its agents . The City is not obligated to pay Owner for any work which the City did not authorize. ' Owner agrees to solicit for rehabilitation work through com- petitive bids, and obtain a minimum of two (2) itemized bids . Owner will provide evidence of efforts to solicit bids from minority and women contractors . The City staff will review the bids and authorize the Owner to enter into a contract . Owner agrees not to permit or make changes to the DOWNTOWN Rental Rehabilitation work write-up without the prior written ap- proval of the City. Upon acceptance of the rehabilitation works, DHA m� provide qualified lower income tenants residing at the property a Certificated or Voucher of Family Participation under the Section 8 Existing Housing Assistance Program. Borrower, who owns the premises commonly known as , Decatur, Illinois (premises) shall maintain all units rehabilitated with DOWNTOWN funds as residential rental property which is to be leased to members of the public for residential purposes upon the terms and conditions stated in this Notice.