Res 1995-045 - Laserfiche WebLink

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5. A condition which states that the Sponsor certifies that all taxes are current and Mure \axes 'ffi\\ 00 paid 'Hhet'\ due; 6. A condition which restricts the Sponsor from sub-leasing the facilities described in Special Condition H except Building Five, brick single family dwelling, to non-incubator tenants without the approval of Contractor during the contract period; 7. A condition requiring Contractor to make quarterly on-site visits to the real estate as more fully described in Special Condition H to assess/monitor the progress toward the establishment and operation of the small business incubator and requiring the Sponsor to provide to local officials at the time of on-site visits information regarding the establishment and operation of the small business incubator and any other information deemed necessary by Contractor to administer this contract; 8. Provisions requiring records to be kept and reports to be made regarding the documen- tation of the establishment and operation of the small business incubator in the same manner and to the same extent as Department requires of Contractor; 9. A condition which allows Contractor to release the Sponsor from its obligations under this contract upon approval of Department; and 10. Any other relevant details or special conditions placed on the contract. D. Contractor shall not advertise or solicit bids for construction or rehabilitation of a project assist- ed with funds provided under this contract until Contractor has received the applicable prevailing wage rates from Department. ~ E. Contractor shalt submit to Department documentation of San Marcos Industrial Foundation's executed loan agreement of Twenty-five Thousand and No/1oo Dollars ($25,000) from State Bank and Trust to be utilized in conjunction with the project funded under this contract prior to Department's release of project funds for construction/rehabilitation. F. Contractor shall provide Department with a vermcation of deposit which reflects that San Marcos Industrial Foundation has Eighty-six Thousand and No/100 Dollars ($86,000) in cash available to inject into this project prior to Department's release of contract funds. G. Contractor shall provide Department documentation of San Marcos Industrial Foundation's equity injection of Eighty-six Thousand and No/100 Dollars ($86,000) prior to Department's release of construction/reharntitation funds. This injection shall be in the form of cash equity. H. Contractor shall submit to Department a copy of the recorded deed, pertaining to the real estate identified in this Special Condition H, prior to Department's reJease of construction/rehabilitation funds for such project. The legal description for the project site follows: That certain 59,377 plus or minus square feet of land better known as Lots 6, 7, 8, 9 and one-half of Lot 1 0, Block 16 of the Original Township of San Marcos, Hays County, Texas. This real estate ¡ndudes five facilities described as follows: (1) Building One, 360 square foot masonry office with walk-in safe; (2) Building Two, brick office/warehouse with 15,442 square foot warehouse and approximately 2,556 square feet of office; (3) Building Three, 360 square foot metal Page 12 of 16