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SPECIAL TERMS AND CONDITIONS <br /> INTERAGENCY AGREEMENT <br />STATE FUNDS <br />State of Washington Interagency Agreement Updated August 2019 <br />Department of Commerce Page 3 <br />of trust, and low-income restrictive covenants running with the land in favor of the Contractor for at <br />least ten (10) years starting from the time the property is ready for occupancy by the intended <br />population (the “Commitment Period”). The Contractor will be responsible for monitoring the property <br />or properties to ensure compliance with its low-income restrictive covenant during the Commitment <br />Period. <br /> <br />If the Contractor will own the property, all amounts used for property acquisitions and or capital <br />improvements shall be evidenced by promissory notes, deeds of trust, and low-income restrictive <br />covenants running with the land in favor of the Department for at least ten (10) years starting from the <br />time the property is ready for occupancy by the intended population. <br /> <br />Each deed of trust and low-income restrictive covenant shall be recorded at the county or counties in <br />which the property or properties are located. <br /> <br />The Contractor will make a good faith effort not to incur costs reimbursable under this Contract in <br />excess of what is reasonable given market prices, balanced by the need to act promptly to procu re <br />and operate housing and provide services necessary to respond to the State of <br />Emergency. Commerce reserves the right to decline reimbursement of costs deemed excessive in <br />Commerce’s discretion. <br /> <br /> <br />8. SUBCONTRACTOR DATA COLLECTION <br />Contractor will submit reports, in a form and format to be provided by Commerce and at intervals as <br />agreed by the parties, regarding work under this Agreement performed by subcontractors and the <br />portion of funds expended for work performed by subcontractors, includin g but not necessarily limited <br />to minority-owned, woman-owned, and veteran-owned business subcontractors. “Subcontractors” shall <br />mean subcontractors of any tier. <br /> <br />9. ORDER OF PRECEDENCE <br />In the event of an inconsistency in this Contract, the inconsistency shall be resolved by giving <br />precedence in the following order: <br />Applicable federal and state of Washington statutes and regulations <br />Special Terms and Conditions <br />General Terms and Conditions <br />Attachment A – Scope of Work <br />Attachment B – Budget <br />Shelter Program Grant Guidelines