Spreadsheet: 03bb564d-b89e-47ef-a233-bb5e49c8d808
Sheet: Sheet1

COUNTY OF ORANGE | Unnamed: 1 | Unnamed: 2 | Unnamed: 3 | Unnamed: 4 | Attachment L
OC Community Services |  |  |  |  | 2010 Multi-Family Affordable Rental Housing Program
Permanent [NAME]
Project Name:
Project Manager:
Estimated Date of Loan Closing:
Days Due Prior to Close of OCCS Perm Loan | Rec'd | County Counsel Approval Required     ------  Date of Approval | Project Manager Approval | Item | Comments
Prior to Construction Closing
Prior  to [NAME] |  |  |  | Submit a copy of all draft and/or executed loan documents from Borrower's other financing sources.
Construction Closing
Construction Closing |  |  |  | Submit an updated development time line.  During the construction phase of the project, update the development time line quarterly.
Construction Closing |  |  |  | If applicable, submit the current wage determiniation from either the State of California Department of Industrial Realations (DIR) or from the U.S. Department of Labor.
Construction Closing |  |  |  | Submit a copy of the executed Construction Contract between the developer/borrower and the General Contractor.
Construction Closing |  |  |  | Submit copies of fully executed Partnership Agreements, other organizational documents and certificates (Certificate of Status and LP-1 &[NAME]).
Construction Closing |  |  |  | If applicable, submit copies of executed City Redevelopment Agency's DDA or OPA agreements (that were not included in application) and any amendments thereto.
Construction Closing |  |  |  | If applicable, submit a copy of the executed ground lease.
Construction Closing |  |  |  | Submit copies of all project construction and permanent financing commitment letters.
OC Community Services Loan - 120 Days Prior to Loan Closing
120 Days Prior to OC Community Services Closing |  |  |  | Submit Preliminary Title Report with copies of all recorded documents and/or easements shown on the report.
120 Days Prior to OC Community Services Closing |  |  |  | Submit a UCC search to identify other outstanding liens against the property.
OC Community Services Loan - 90 Days Prior to Loan Closing
90 Days Prior to OC Community Services Closing |  |  |  | Submit an updated construction time line and estimated closing schedule.
90 Days Prior to OC Community Services Closing |  |  |  | Submit borrower’s W-9 Tax Form
90 Days Prior to OC Community Services Closing |  |  |  | Borrower shall submit a letter requesting the amount of the loan proceeds, a detailed description of the use of said funds and information regarding when those funds will be needed.
90 Days Prior to OC Community Services Closing |  |  |  | Borrower shall submit a County of Orange Disclosure Statement and environmental questionnaire.
90 Days Prior to OC Community Services Closing |  |  |  | If applicable, submit Phase II Environmental Assessment outlining any remediation work required, and verifying that remedial work was completed.  If applicable, submit copies of contracts for any environmental remedial work.
90 Days Prior to OC Community Services Closing |  |  |  | Submit copies of all necessary use permits, density bonus agreements, and other entitlements not included in application.
90 Days Prior to OC Community Services Closing |  |  |  | Submit an updated Marketing Plan. Include marketing materials and the residential lease.
90 Days Prior to OC Community Services Closing |  |  |  | Submit copies of other lenders permanent draft/executed loan and regulatory agreements.
90 Days Prior to OC Community Services Closing |  |  |  | Submit an updated OC Community Services' Exhibit 4.03 of the Current NOFA -  Rents, Income, Operating Expense Budget, 15 year Operating pro-forma, Sources & Uses
OC Community Services Loan - 60 Days Prior to Loan Closing
60 Days Prior to OC Community Services Closing |  |  |  | Submit an updated social services plan,  copies of executed service agreements, budget and information on status of services funding.
OC Community Services Loan - 45 Days Prior to Loan Closing
45 Days Prior to OC Community Services Closing |  |  |  | Submit a copy of the executed Property Management Agreement, including amendments.
45 Days Prior to OC Community Services Closing |  |  |  | Submit a copy of final Property Management Plan.
OC Community Services Loan - 30 Days Prior to Loan Closing
30 Days Prior to OC Community Services Closing |  |  |  | Submit a record of any [NAME] of any loan that existed against the property since the borrower took title and has since has been repaid.
30 Days Prior to OC Community Services Closing |  |  |  | Submit all necessary insurance documents as required in the Loan Agreement.
30 Days Prior to OC Community Services Closing |  |  |  | Submit a copy of the Architect's Certification of Completion.
30 Days Prior to OC Community Services Closing |  |  |  | Submit a list of names of officers authorized to sign on behalf of borrower.
30 Days Prior to OC Community Services Closing |  |  |  | Submit UCC-2 Termination Statement for Existing Financing Statement
30 Days Prior to OC Community Services Closing |  |  |  | Submit an audited year end financial statement including balance sheet (not more than 1 year old).
30 Days Prior to OC Community Services Closing |  |  |  | Submit the Secretary of State's Certificate of Good Standing for Borrower.
30 Days Prior to OC Community Services Closing |  |  |  | Submit ALTA As-Built Survey, performed in accordance with current ALTA/ASCM/NSPS requirements, and showing optional survey items 2, 3, 4, 5, 6, 7(a) copies of all underlying exceptions and a plot maps with plotted easements.
30 Days Prior to OC Community Services Closing |  |  |  | At least 30 days prior to funding, Borrower shall submit either (i) a TCAC Placed In Service Cost Certification Statement, including a Final Cost Certification, signed by the Borrower’s Tax Professional as required by TCAC, or (ii) a statement from a Certified Public Accountant of the total cost of the Project, indicating the major cost categories and respective amounts.
30 Days Prior to OC Community Services Closing |  |  |  | Submit copy of TCAC “Placed in Service” application (if applicable).
30 Days Prior to OC Community Services Closing |  |  |  | Submit copy of final Certificate of Occupancy.
30 Days Prior to OC Community Services Closing |  |  |  | Submit copy of evidence of recorded Notice of Completion.
OC Community Services Loan Closing
14 Days Prior to OC Community Services Closing |  |  |  | Borrower and County will make arrangements to execute the loan agreement and all other related loan documents.