The Contractor will: a. Operate the property at a generally accepted industry standard level, Maintain a continual (24-hour, 7 days/week) management presence in conformance with local, state, and federal laws as applicable. b. Make a detailed site inspection and within thirty (30) days of Agreement award, prepare and submit to OAHPI the following: 1. An annual Operating Budget using projected subsidy calculations and projected tenant income if one hasn’t been developed and adapted by OAHPI. 2. A written statement of anticipated start-up costs to be agreed upon and approved by OAHPI. c. Submit a Monthly Property Report, on or before the 3rd of the second month of the Agreement, and on the 3rd of each month thereafter, containing occupancy reports including unit turn around and lease-up times; accurate and complete Rent Roll; aged delinquency report; a monthly and annual report on Emergency and Routine Work orders and their completion times for the property; a monthly lease compliance report, including all grievance e and notices served residents and status of all legal actions for the property; and any other reports as required by HUD, the Authority, or OAHPI.
