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3.3 Applicant understands and agrees that the use of the Lots must comply with all state and local regulations applicable to construction of rental unit residential dwellings. 3.4 The County and the Applicant acknowledge and agree that the clauses in this Agreement with respect to reversion of the Lots are governed by the exception found in Florida Statutes section 689.18(5):"Any and all conveyances of real property in this state heretofore or hereafter made to any governmental, educational, literary, scientific, religious, public utility, public transportation, charitable or nonprofit corporation or association are hereby excepted from the provisions of this section [reverter or forfeiture provisions of unlimited duration in the conveyance of real estate]." ARTICLE 4 PROJECT AND PUBLIC RECORDS COMPLIANCE 4.1. Applicant covenants to maintain complete and accurate project records; building inspection and site monitoring reports; and any other documentation necessary or required to assure compliance with this Agreement (the foregoing herein collectively "Records"); and to retain all such Records for five years after the Certificate of Occupancy is issued for the last new rental housing unit constructed under this Agreement. Applicant shall maintain and retain, at its usual place of business, all required Records to demonstrate compliance with this Agreement and the County's Local Housing Assistance Plan. Records must be kept for each Lot; Property; and each household assisted to demonstrate that each household assisted is in compliance with County's Local Housing Assistance Plan. 4.2 Public Record Compliance A. Indian River County is a public agency subject to Chapter 119, Florida Statutes. Every Dream Has a Price, Inc. shall comply with Florida's Public Records Law. Specifically, Every Dream Has a Price shall: (1) Keep and maintain public records required by the County to perform the service. (2) Upon request from the County's Custodian of Public Records, provide the County with a copy of the requested records or allow the records to be inspected or copied within a reasonable time at a cost that does not exceed the cost provided in Chapter 119 or as otherwise provided by law. (3) Ensure that public records that are exempt or confidential and exempt from public records disclosure requirements are not disclosed except as authorized by law for the duration of the contract term and following completion of the contract if Every Dream Has a Price, Inc. does not transfer the records to the County. (4) Upon completion of the contract, transfer, at no cost, to the County all public records in possession of Every Dream Has a Price, Inc. or keep and maintain public records required by the County to perform the service. If Every Dream Has a Price, Inc. transfers all public records to the County upon completion of the contract, Every Dream Has a Price, Inc. shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. If Every Dream Has a Price, Inc. keeps and maintains public records upon completion of the contract, Every Dream Has a Price, Inc. shall meet all applicable requirements for retaining public records. All records stored electronically must be provided to the County, upon request from the Custodian of Public Records, in a format that is compatible with the information technology systems of the County. 4 1 P a g e F'.\Community Development\COUNTY OWNED LANDS\2 MAGREEMENT BETWEEN [RC AND EDHAP.docr