2024 Affordable Housing Annual Monitoring Report

BID #: N/A

ISSUED: 5/1/2024

DUE: TBD

VALUE: $1.4M

Rating

Risk Rank

Red Risk

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Executive Summary

Skipped: flagged for review due to bad/missing summary.

Detailed Risk Breakdown

local preference

No Flags Found

performance bond

Evidence Detected

9 CLAUSES FOUND

"...ition, as may be required by the City, a personal guaranty of Edward G. Martoglio shall be provided in an amount not to exceed the face amount of a performance bond if same had been provided in lieu of the personal guaranty. Section 2.05. PILOT Contingency. In order to enhance the economic viability of..."

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liquidated damages

Evidence Detected

1 CLAUSES FOUND

"...d Partnership financial statements (including all supporting documentation) by March 1st. Any delays beyond the designated due date may result in a $100 per day penalty to the Partnership. The Partnership Accountant shall review and approve the basis and benefits calculations prior to the payment of the Fi..."

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