Hello, I Loren Jahn would like to offer for $ 1.00 to relocate the green Victorian house at 821 N.

Center Street to my property 2.6 miles to the South in the Newlands Preservation District for
preservation as a restoration of Nevada Queen Anne Guest House on my property at 579 W
Taylor Street. to be restored to the 1880s time period style as a Bed and Breakfast, Air BnB or
possible lost art school/gallery space with Reno, Nevada historic element. Thank you, Loren

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My Proposal is to move the house or houses as required after I have chosen the desired structures.

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Via Electronic Application Process
Bid Title: Ownership of Gateway Houses Offered for Relocation to Proposer Land -UNR
Bid Number: RFP 8489 Addendum 2
Common Ground Urban Development Duns#

Project Audacious: A Burning Man Project

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 Table of Contents

I. Executive Summary

II. Agreements
i. Common Ground Urban Development Contract Terms and
Conditions
ii. Proof of 360 Land Ownership

III. Detailed proposal description

i. Sec. Statement of Work

ii. Project Audacious Plan

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 I. Executive Summary

Project Audacious: A Burning Man Project

Common Ground Urban Development is thrilled to present an offer in to the BID for Ownership
of Gateway Houses Offered for Relocation to Proposer Land -UNR. Project Audacious is a
Burning Man Project with a plan to move the 11 homes to the 360 Land Parcel for the education
center. The homes will be used as a shelter solution, for Burning Man Project’s educational
programs and temporary shelter for people visiting the center.

Common Ground Urban Development’s mission is to build inclusive equitable real estate
development projects that leverage the unrealized potential of distressed properties. Our practice
is highly collaborative with development strategies that have social impact and become an asset
to the user and the neighborhoods undergo the transformation process.

Common Ground is proposing to relocate 11 homes of the homes to parcel APN: 071-150-01 for
Burning Man Project 360 acres. Using the 10 Principles of Burning Man, we propose to relocate
the homes in partnership with the local community in Gerlach and Reno.

Burning Man Project is in support of the proposals to keep the homes in the City of Reno. In the
event that the homes can’t be kept within the City, we propose moving 11 of the homes to the
360 Land parcel. This proposal is intended to be the proposal of last resort, and if the other
proposals lack site control.

As a part of Common Ground’s approval process, keeping with Civic Responsibility, we propose
a community engagement plan that will ultimately result in the signing of a Community Benefits
Agreement with the City of Reno and Historic Preservation Commission.

Common Ground’s community engagement process will be radically inclusive and will provide
opportunities for engagement in the physical and digital worlds. We will provide opportunities
for engagement in the following areas:

1. Extensive community meeting that will give people the opportunity to vote on the plan
2. Engagement in place, where Common Ground will use online platforms to capture the opinions
of people who are often left out of the decision-making process.
3. Community Benefits Agreement (see sample)

II. Agreements: (see Appendix A)

● Common Ground Urban Development Contract
● DRAFT Community Benefits Agreements
● Proof of Ownership of Land Project 360

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 III. Statement of Work

● Project Audacious Proposes to move 11 houses to Burning Man Project 360 Land. Common
Ground will work with the Reno’s Historic Preservation Commission, to ensure the placement of
the homes will be in context to the current relationship with one another.

Proposed Site Plan

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BUDGET: This is a Conceptual Budget. This will be updated upon acceptance of RFP

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DRAFT: Schedule to be updated upon acceptance of RFP

● Common Ground will issue a transparent RFP to the International Home Mover’s Association
that’s located within the region. The following house moving companies, we want to make sure
everyone who’s interested gets the opportunity to BID to move the homes. Our contacts will be
Cost, plus with a Guaranteed Maximum Price with a cost savings provision.

● Condition that the land will be left in upon the homes relocation

We propose submitting the full $5,000 per house to University of Nevada, Reno. Common
Ground Urban Development is under contract to manage the relocation of the homes to 360.
Common Ground proposes to pay the fee in lieu of work. The fee will allow for the developer of
the site to prepare it in the way necessary for future work. This is of course negotiable and we’d
be willing to prepare the land with a clear scope of work.

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 ● In celebration of this opportunity, we propose conducting a Historic Home Parade as a part of
the relocation process and the path of travel to Burning Man Project 360: This is the preferred
route but will be confirmed with the house movers.

● Project Audacious, Burning Man Project 360 is located in Washoe County

Once the homes are placed in their locations, we’ll use the U.S Secretary of Interior’s Standard:
Rehabilitation is defined as the act or process of making possible a compatible use for a property
through repair, alterations, and additions while preserving those portions or features which convey its
historical, cultural, or architectural values. The Rehabilitation Standards acknowledge the need to alter
or add to a historic building to meet continuing or new uses while retaining the building’s historic
character.

DRAFT Project Team outline:

● Real Estate Development Services: Common Ground Urban Development

i. Project Executive: Leiasa Beckham

ii. Project Manager: Ian-Michael Herbert

iii. Senior Project Development Associate: Mindy Bacharach

iv. Entitlements: Dave Aiazzi

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 v. Community Engagement: Leiasa Beckham

● Historic Home Mover: (TBD)

● General Contractor (TBD)

● Financing: Common Ground Urban Development

● Legal: TBD

● Historic Preservation Consultant: TBD

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Thank you so much for your consideration

Signature: _____Leiasa Beckham__________

Leiasa Beckham
CEO
Common Ground Urban Development

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PROOF OF OWNERSHIP OF PARCEL

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SAMPLE COMMUNITY BENEFITS AGREEMENT:
THIS DOCUMENT IS A SAMPLE AND DOES NOT REFLECT AGREEMENTS BETWEEN COMMON GROUND URBAN
DEVELOPMENT OR ANY OTHER PARTY
THIS COMMUNITY BENEFITS AGREEMENT (this “Agreement”) is made and entered into as of ______ __,
201_, by and among ___, LLC, a Nevada Nonprofit limited liability company (“Lender”), ______________, (the
“Borrower”) _________________, LLC, A Nevada Nonprofit limited liability company (the “Sponsor” and together
with the Borrower, the “OPPORTUNITY ZONE Beneficiary”).

Recitals

A. The parties understand and acknowledge that the Project is located in two areas, City of Reno which in an
Opportunity Zone (Census Tract No. 06075022801) (the “Project Area”) characterized by a median family income
of 63.14% of the greater of the statewide median family income or the Metropolitan Area median family income
and located within a local program targeted towards economically distressed communities.

B. Opportunity Zone Beneficiary acknowledges that Lender’s agreement to execute the Loan Agreement and
make the Loan is expressly predicated upon (1) Beneficiary’s agreement to sign, deliver and perform this
Agreement, (2) certification that the Project’s location is in a OPPORTUNITY ZONE qualified census tract, and is
otherwise a low-income community lacking adequate access to capital, (3) the significant community development
benefits that will be delivered within the Project Area and other Low-income Communities as a result of the
Project, and (4) the significant benefits that will be delivered to Low-Income Persons within the Project Area and
other Low-Income Communities.

C. Lender and Opportunity Zone Beneficiary desire to enter into this Agreement to ensure that the expected
benefits expected from the Loan will be achieved.

Accordingly, the parties agree as follows:

Agreement

1. DEFINITIONS. THE FOLLOWING CAPITALIZED TERMS WILL HAVE THE FOLLOWING MEANINGS IN THIS AGREEMENT:

(a) “EMPLOYMENT PLAN” MEANS THE BENEFICIARY’S WRITTEN OUTREACH AND IMPLEMENTATION PLAN TO
RECRUIT AND FILL PERMANENTFTE JOBS AND PREDEVELOPMENT OR CONSTRUCTION FTE JOBS THAT INCORPORATES JOB & WEALTH
CREATION & RETENTION BENEFITS AS PROVIDED UNDER SECTION 2 OF THIS AGREEMENT. SUCH EMPLOYMENT PLAN WILL INCLUDE
RECRUITMENT, OUTREACH, AND MEDIA EFFORTS; TRAINING PROGRAMS; INTERNSHIP PROGRAMS. OPPORTUNITY ZONE BENEFICIARY
MAY CONSULT WITH AVAILABLE RESOURCES INCLUDING THE CITY’S OFFICE OF ECONOMIC AND WORKFORCE DEVELOPMENT,
WORKFORCE DIVISION AND COMMUNITY BASED ORGANIZATIONS TO ASSIST IN EFFORTS TO REACH RESIDENTS OF LOW-INCOME
COMMUNITIES AND LOW-INCOME PERSONS IN FULFILLING THE REQUIREMENTS OF THE AGREEMENT.

(b) “FTE” MEANS FULL-TIME EQUIVALENT CONSTITUTING PERMANENT EMPLOYMENT OF AT LEAST 35 HOURS
PER WEEK;

(c) “NEW HIRE” MEANS AN EMPLOYEE THAT IS NOT IDENTIFIED WITHIN THE GROUP OF CORE WORKERS FOR THE
EITHER THE GENERAL CONTRACTOR OR SUBCONTRACTORS AS DOCUMENTED WITH CITY BUILD.

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 (d) “LIVING WAGES” MEANS THE LOCAL MUNICIPALITIES APPLICABLE WAGE ORDINANCE AND THE
LIVING WAGE CALCULATOR (WWW.LIVINGWAGE.MIT.EDU) TO DETERMINE LOCAL LIVING WAGE LEVELS FOR BOTH “1 ADULT”
AND “2 ADULTS (ONE WORKING) 1 CHILD.”

(e) “LOCALLY SOURCED” MEANS INDIVIDUALS THAT RESIDE WITHIN THE CITY LIMITS OF SAN FRANCISCO,
CALIFORNIA.

(f) “LOW-INCOME COMMUNITY” OR “LOW-INCOME COMMUNITIES” MEANS ANY POPULATION CENSUS TRACT
SATISFYING THE DEFINITION OF LOW-INCOME COMMUNITY UNDER THE OPPORTUNITY ZONE PROGRAM AS SET FORTH IN INTERNAL
REVENUE CODE SECTION 45D(E), INCLUDING ANY POPULATION CENSUS TRACT IF (1) THE POVERTY RATE FOR SUCH TRACT IS AT LEAST
20%, OR (2) (A) IN THE CASE OF A TRACT NOT LOCATED WITHIN A METROPOLITAN AREA, THE MEDIAN FAMILY INCOME OF SUCH TRACT
DOES NOT EXCEED 80% OF STATEWIDE MEDIAN FAMILY INCOME, OR (B) IN THE CASE OF A TRACT LOCATED WITHIN A METROPOLITAN
AREA, THE MEDIAN FAMILY INCOME FOR SUCH TRACT DOES NOT EXCEED 80% OF THE GREATER OF STATEWIDE MEDIAN FAMILY INCOME
OR THE METROPOLITAN AREA MEDIAN FAMILY INCOME;

(g) “LOW-INCOME PERSON” OR “LOW-INCOME PERSONS” MEANS ANY INDIVIDUAL HAVING AN INCOME,
ADJUSTED FOR FAMILY SIZE, OF NOT MORE THAN: (1) FOR METROPOLITAN AREAS, 80% OF THE AREA MEDIAN FAMILY INCOME; AND (2)
FOR NON-METROPOLITAN AREAS, THE GREATER OF (A) 80% OF THE AREA MEDIAN FAMILY INCOME OR (B) 80% OF THE STATEWIDE NON-
METROPOLITAN AREA MEDIAN FAMILY INCOME ;

(h) “PARTNERSHIPS PLAN” MEANS THE OPPORTUNITY ZONE BENEFICIARY’S WRITTEN OUTREACH AND
IMPLEMENTATION PLAN TO DEVELOP MEANINGFUL, AUTHENTIC AND SIGNIFICANT LOCAL COMMUNITY BASED PARTNERS THAT
INCORPORATE THE INTENDED COMMUNITY & SOCIAL DEVELOPMENT BENEFITS AND PARTNERSHIPS DEVELOPMENT BENEFITS AS
PROVIDED UNDER SECTION 2 OF THIS AGREEMENT. SUCH PARTNERSHIPS PLAN WILL DESCRIBE OUTREACH AND MEDIA EFFORTS AND USE
AVAILABLE RESOURCES INCLUDING COMMUNITY BASED ORGANIZATIONS TO ASSIST IN EFFORTS TO REACH RESIDENTS OF LOW-INCOME
COMMUNITIES AND LOW-INCOME PERSONS.

(i) “PERMANENT FTE JOB” MEANS A JOB THAT IS AT LEAST 24 MONTHS IN DURATION AND INVOLVES AT LEAST
A 35-HOUR WORKWEEK;

(j) “PREDEVELOPMENT OR CONSTRUCTION FTE JOB” MEANS A JOB THAT IS UNDER 24 MONTHS IN DURATION
AND RESULTS FROM THE DEVELOPMENT OF THE PROJECT OR THE FINANCING OF THE LOAN AND ONE INVOLVING A 35-HOUR WORKWEEK;

2. COMMUNITY IMPACTS. FOLLOWING COMPLETION OF THE PROJECT USING THE LOAN, THE OPPORTUNITY ZONE
BENEFICIARY WILL USE COMMERCIALLY REASONABLE EFFORTS TO ACHIEVE THE FOLLOWING IMPACTS , WHICH ARE BASED UPON DATA
COLLECTED AND ANALYSIS PERFORMED BY OPPORTUNITY ZONE BENEFICIARY AND LENDER, IMPLAN ANALYSIS ATTACHED AS
EXHIBIT A; AND OTHER AVAILABLE SOURCES.

A. Job & Wealth Creation & Retention Benefits OPPORTUNITY ZONE Beneficiary will use
commercially reasonable efforts to provide (1) job & wealth creation & retention programming accessible to area
nonprofits; and (2) temporary construction employment opportunities, permanent employment opportunities;
and internship and apprenticeship programming and opportunities, with consideration to Locally Sourced hires, in
partnership with community based organizations and in accordance with its Employment Plan and Partnerships
Plan. OPPORTUNITY ZONE Beneficiary shall use commercially reasonable efforts to:

(a) CREATE AT LEAST 42 CONSTRUCTION FTE JOBS;

(b) PROVIDE AT LEAST 50% OF CONSTRUCTION FTE JOBS WITH WAGES AT THE CALIFORNIA DEPARTMENT OF
INDUSTRIAL RELATIONS PREVAILING WAGE RATE;

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 (c) Retain 5 nonprofits in City of Reno and County of Washoethat provide social services
including job training, workforce development, and early childhood care and education;

(d) Create approximately 175,000 square feet of permanently affordable space for community
serving organizations;

(E) CREATE AT LEAST 34 POSITIONS AT ANCHOR TENANT OPERATING BUSINESSES AS DESCRIBED IN EXHIBIT B.
RETAIN AT LEAST 66 POSITIONS AT ANCHOR TENANT OPERATING BUSINESSES AS DESCRIBED IN EXHIBIT B;
(f) Create at least 3 Permanent FTE Jobs. For all vacancies make good faith efforts to fill positions locally in
concert with its Employment Plan and fulfill the minimum goal of 1 FTE being Locally Sourced;

(g) PROVIDE COA EMPLOYEES WITH LIVING WAGES AS DESCRIBED HEREIN AND THE FOLLOWING BENEFITS: MEDICAL,
401K RETIREMENT PLAN, AND VACATION AND SICK LEAVE;

(h) PROVIDE LOCAL BUSINESS ENTERPRISE PARTICIPATION ON OPPORTUNITY ZONE BENEFICIARY

CONTRACTS FOR COA SECURITY AND COA JANITORIAL SERVICES PURSUANT TO THE CITY AND COUNTY OF SAN FRANCISCO’S LOCAL
BUSINESS ENTERPRISE ORDINANCE, CHAPTER 14B OF THE ADMINISTRATIVE CODE OF THE CITY AND COUNTY OF SAN FRANCISCO;

(i) BY JULY 15, 201_, PROVIDE EMPLOYMENT PLAN TO LENDER, INCLUDING CONSIDERATION OF RESIDENTS OF
SAN FRANCISCO’S MISSION COMMUNITY (ZIP CODES ______ AND ______), RESIDENTS OF OPPORTUNITY ZONE ELIGIBLE CENSUS
TRACTS IN CITY OF RENO AND COUNTY OF WASHOEAND OTHER CITY OF CITY OF RENO AND COUNTY OF WASHOERESIDENTS;

(j) BY JULY 15, 201_, PROVIDE WRITTEN EVIDENCE TO LENDER OF DOCUMENTED EFFORT TO FOCUS LOCAL HIRE
JOBS INCLUDING CONSIDERATION TO RESIDENTS OF SAN FRANCISCO’S MISSION COMMUNITY (ZIP CODES ______ AND ______),
RESIDENTS OF OPPORTUNITY ZONE ELIGIBLE CENSUS TRACTS IN CITY OF RENO AND COUNTY OF WASHOEAND OTHER CITY OF CITY
OF RENO AND COUNTY OF WASHOERESIDENTS; AND

(k) UNTIL MATURITY OR REDEMPTION OF THE LOAN, AND BY FEBRUARY 15 OF EACH YEAR STARTING FEBRUARY
14, 201_, OPPORTUNITY ZONE BENEFICIARY WILL INCORPORATE ITS JOB & WEALTH CREATION & RETENTION BENEFITS IN ITS
COMMUNITY BENEFITS REPORT (AS DESCRIBED IN SECTION 4. COMMUNITY BENEFITS REVIEW).

Notwithstanding anything to the contrary contained herein, Lender agrees and acknowledges that upon
receipt of written documentation of OPPORTUNITY ZONE’s Beneficiary effort to coordinate hiring opportunities
with organizations listed under Exhibit D subsections (i) and (j) above shall be deemed satisfied.

B. Community & Social Development Benefits Sponsor will (1) provide financial incentives in the
form of below market rate condominium prices to community serving organizations to
participate in OPPORTUNITY ZONE Beneficiary’s community oriented programming and
initiatives; and (2) collaborate with locally based individuals, groups and organizations to create
neighborhood driven and locally relevant programming, workshops, classes, and entertainment.
OPPORTUNITY ZONE Beneficiary will use commercially reasonable efforts to:

C. PARTNERSHIPS DEVELOPMENT BENEFITS. OPPORTUNITY ZONE BENEFICIARY SHALL USE COMMERCIALLY

REASONABLE EFFORTS TO:

(a) CONSULT WITH LOCAL STAKEHOLDERS, RESIDENTS, CIVIC ORGANIZATIONS AND INSTITUTIONS,
BUSINESSES, FUNDERS, CUSTOMERS, PARTNERS, CLIENTS, BUSINESSES, GOVERNMENT OFFICIALS, IN THE LOCAL
CITY OF RENO AND
COUNTY OF WASHOEAREA;

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 (b) INCORPORATE PLANNING EFFORTS RESULTING FROM CITY OF RENO AND COUNTY OF WASHOE
GOVERNMENT AND OTHER COMMUNITY PLANNING PROCESSES;

(c) PARTNER WITH COMMUNITY BASED ORGANIZATIONS, TARGETING ORGANIZATIONS LIKE, BUT NOT LIMITED
TO, (COLLECTIVELY, “PARTNERS”) TO ENHANCE, DEVELOP AND STRENGTHEN OPPORTUNITIES FOR YOUTH AND CLUB MEMBERS;

(d) MARKET BENEFICIARY PROGRAMS AND EVENTS TO PEOPLE IN PARTNERS;

(e) BY JULY 15, 201_, DEVELOPMENT OF A COMPREHENSIVE OUTREACH PROGRAM IN CONCERT WITH
PARTNERS, WHERE POSSIBLE, THAT TARGETS LOW-INCOME COMMUNITIES;

(f) BY JULY 15, 201_, PROVIDE PARTNERSHIPS PLAN TO LENDER TO DOCUMENT EFFORT TO PARTNER WITH
COMMUNITY BASED ORGANIZATIONS TARGETING YOUTH PROGRAMMING WITH CONSIDERATION TO YOUTH AND FAMILIES OF SAN
FRANCISCO’S MISSION COMMUNITY (ZIP CODES _______ AND _____), RESIDENTS OF NEAR BY LOW-INCOME COMMUNITIES

(g) UNTIL MATURITY OR REDEMPTION OF THE LOAN, AND BY FEBRUARY 15 OF EACH YEAR STARTING FEBRUARY
15, 201_, BENEFICIARY WILL INCORPORATE ITS PARTNERSHIPS DEVELOPMENT BENEFITS IN ITS COMMUNITY BENEFITS REPORT (AS
DESCRIBED IN SECTION 4, COMMUNITY BENEFITS REVIEW).

D. ECONOMIC DEVELOPMENT. BENEFICIARY SHALL USE COMMERCIALLY REASONABLE EFFORTS TO:

(a) Provide limited access of approximately 40 hours per year to designated spaces within
the Project for community serving organizations who have a similarly focused mission to provide services to low-
income communities provided such access does not conflict with other activities of the Sponsor and tenants,
compromise the security of the tenant business customers or employees, or result in materially increased
operating costs to the Sponsor;

(b) By December 31, 201_, substantially complete improvements to the existing condition
of the site and substantially complete the Project;

(c) Provide written evidence of documented effort to partner with community based
organizations to target programming with consideration to youth and families ofn community (zip codes _____
and ____), residents of eligible census tracts.

(d)
(e) Until maturity or redemption of the Loan, and by February 15 of each year starting
February 15, 201_, Beneficiary will incorporate its Economic Development Benefits in its Community Benefits
Report (as described in Section 4, Community Benefits Review).

E. ENVIRONMENTAL SUSTAINABILITY. OPPORTUNITY ZONE BENEFICIARY WILL (1) COMPLETE LEED

DESIGNATED PROJECT; (2) COMMIT TO ENERGY USE REDUCTION; AND (3) PROVIDE ONSITE RECYCLING AND WASTE REDUCTION
OPPORTUNITIES. OPPORTUNITY ZONE BENEFICIARY SHALL:

(a) Provide recycling and composting opportunities;

(b) Provide conservation, exploration and recycling programming;

(c) Implement energy conservation in its operations; and

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 (d) Until maturity or redemption of the Loan, and by February 15 of each year starting
February 15, 201_, Beneficiary will incorporate its Environmental Sustainability Benefits in its Community Benefits
Report (as described in Section 4. Community Benefits Review).

F. Other Benefits. Notwithstanding the foregoing, OPPORTUNITY ZONE Beneficiary may provide
other community and social benefits in connection with the Agreement.

3. COMMUNITY BENEFIT GUARANTEE. THE OPPORTUNITY ZONE BENEFICIARY HAS AGREED TO PLACE $35,000 IN A
PERFORMANCE GUARANTEE TO ENSURE THAT THE COMMITMENTS CONTAINED IN THE CBA ARE ACHIEVED. THE FUNDS WILL BE PLACED
IN AN ACCOUNT AS A CONDITION OF CLOSING (THE “COMMUNITY BENEFIT GUARANTEE ACCOUNT”).

LENDER WILL REVIEW OPPORTUNITY ZONE BENEFICIARY’S ANNUAL COMMUNITY BENEFITS REPORT TO ENSURE THAT
OPPORTUNITY ZONE BENEFICIARY HAS MADE APPROPRIATE EFFORTS (AS INDICATED IN EACH SECTION OF THIS AGREEMENT) TO
ACHIEVE THE COMMUNITY BENEFITS AS OF THE DATE OF THE COMMUNITY BENEFITS REPORT.

WITHIN SIXTY (60) DAYS OF RECEIPT OF THE COMMUNITY BENEFITS REPORT, LENDER WILL PROVIDE WRITTEN NOTIFICATION
TO OPPORTUNITY ZONE BENEFICIARY DETERMINING WHETHER OPPORTUNITY ZONE BENEFICIARY IS SUCCESSFUL IN ACHIEVING A
SUBSTANTIAL AMOUNT OF THE COMMUNITY BENEFITS DESCRIBED IN ITS COMMUNITY BENEFITS REPORT AS OF THE DATE OF THE
COMMUNITY BENEFITS REPORT.

IF LENDER DETERMINE OPPORTUNITY ZONE BENEFICIARY IS SUCCESSFUL IN ACHIEVING A SUBSTANTIAL AMOUNT OF THE
COMMUNITY BENEFITS REPORT, LENDER WILL CAUSE THE RELEASE OF $17,500 FROM THE
COMMUNITY BENEFITS DESCRIBED IN ITS
COMMUNITY BENEFIT GUARANTEE ACCOUNT TO OPPORTUNITY ZONE BENEFICIARY.

IF LENDER DETERMINE OPPORTUNITY ZONE BENEFICIARY IS UNSUCCESSFUL IN ACHIEVING A SUBSTANTIAL AMOUNT OF

THE COMMUNITY BENEFITS DESCRIBED IN ITS COMMUNITY BENEFITS REPORT, LENDER WILL CAUSE THE RELEASE OF $17,500 FROM THE
COMMUNITY BENEFIT GUARANTEE ACCOUNT OR OTHERWISE SET ASIDE SUCH AMOUNT FOR LOCAL COMMUNITY GROUPS /INDIVIDUALS
THAT WOULD OTHERWISE HAVE BEEN SERVED BY THE AGREEMENT.

4. OPPORTUNITY ZONE COMPLIANCE. OPPORTUNITY ZONE BENEFICIARY WILL DESIGNATE A SINGLE STAFF
MEMBER POINT OF CONTACT AND COMMUNITY BENEFITS LIAISON THAT WILL FACILITATE , COLLECT AND REPORT COMMUNITY BENEFITS
INFORMATION TO LENDER.

5. SFCIF COMPLIANCE. THE SFCIF WILL APPOINT COMPLIANCE STAFF TO ENSURE THAT OPPORTUNITY ZONE
BENEFICIARY’S COMMUNITY BENEFITS AGREEMENT IS MONITORED ON AN ANNUAL BASIS.

6. COMMUNITY BENEFIT REVIEW. UNTIL MATURITY OR REDEMPTION OF THE LOAN, AND BY FEBRUARY 15 OF EACH YEAR
STARTING FEBRUARY 15, 201_ UNTIL FEBRUARY 15, 20__, OR SUCH LATER DATE AS LENDER MAY REASONABLY REQUIRE PURSUANT TO
AND IN ACCORDANCE WITH THE QLICI REQUIREMENTS (THE “REPORTING TERM”), OPPORTUNITY ZONE BENEFICIARY WILL PROVIDE
AN ANNUAL COMMUNITY BENEFITS REPORT TO LENDER DESCRIBING THE STATUS AND RESULTS OF THE COMMUNITY BENEFITS DIRECTLY
RELATED TO THE COMPLETION OF THE PROJECT AND THE LOAN FOR THE PREVIOUS YEAR SUBSTANTIALLY SIMILAR TO THE FORM
EXHIBIT C-1 AND EXHIBIT C-2 ATTACHED HERETO AND INCORPORATED HEREIN BY THIS REFERENCE, PROVIDED THAT OPPORTUNITY
ZONE BENEFICIARY HEREBY ACKNOWLEDGES AND AGREES THAT DUE TO CHANGES IN GOVERNMENTAL REQUIREMENTS THAT MAY OCCUR
OR ARISE DURING THE REPORTING TERM, THE COMMUNITY BENEFIT REPORT IS SUBJECT TO CHANGE AT ANY TIME. OPPORTUNITY
ZONE BENEFICIARY WILL DELIVER TO LENDER SUCH OTHER DOCUMENTS AND MATERIALS THAT LENDER MAY REASONABLY REQUEST FOR
THE PURPOSE OF REVIEWING AND ASSESSING OPPORTUNITY ZONE BENEFICIARY’S COMMUNITY BENEFITS ACTIVITIES.

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 7. ANNUAL INTERVIEW. BY FEBRUARY 15, 201_ AND ANNUALLY THEREAFTER THROUGH THE TERM OF THIS AGREEMENT,
OPPORTUNITY ZONE BENEFICIARY WILL MEET WITH LENDER TO DISCUSS THE STATUS OF THE PROJECT, THE COMMUNITY BENEFITS
REPORT AND THE COMMUNITY IMPACTS OF THE PROJECT ON AN ANNUAL BASIS, UNLESS REQUESTED MORE FREQUENTLY BY THE LENDER
BUT IN NO EVENT MORE FREQUENTLY THAN ON A SEMI -ANNUAL BASIS.

IN CONNECTION WITH EACH ANNUAL INTERVIEW, UPON THE PRIOR WRITTEN REQUEST OF LENDER OF NOT LESS THAN SIXTY
(60) DAYS, OPPORTUNITY ZONE BENEFICIARY WILL ARRANGE FOR STAKEHOLDERS BENEFITING FROM THE PROJECT TO PARTICIPATE
IN EACH MEETING.

8. DISCLOSURE. OPPORTUNITY ZONE BENEFICIARY AGREES THAT THE LENDER (AND ITS AFFILIATES) MAY USE THIS
AGREEMENT AND THE INFORMATION FURNISHED UNDER THIS AGREEMENT BY THE OPPORTUNITY ZONE BENEFICIARY FOR
COMMUNITY REPORTING PURPOSES TO THE CDFI FUND AND LENDER’S INVESTORS AND STAKEHOLDERS. OPPORTUNITY ZONE
BENEFICIARY AGREES THAT LENDER (AND ITS AFFILIATES) HAS THE RIGHT TO PLACE ADVERTISEMENTS ON LENDER’S (AND ITS AFFILIATES)
WEBSITE AND IN FINANCIAL AND OTHER NEWSPAPERS AND OTHERWISE PUBLICIZE THE PROJECT AND THE LOAN, PROVIDED NO
CONFIDENTIAL INFORMATION OF OPPORTUNITY ZONE BENEFICIARY MAY BE USED IN CONNECTION WITH SUCH ADVERTISEMENTS OR
OTHER DISCLOSURES. OPPORTUNITY ZONE BENEFICIARY WILL HAVE THE RIGHT TO REVIEW AND MAKE REASONABLE MODIFICATIONS
TO SUCH ADVERTISEMENTS AND OTHER DISCLOSURES AT LEAST THIRTY (30) DAYS PRIOR TO THEIR PLACEMENT OR PUBLICATION.

9. MISCELLANEOUS. THIS AGREEMENT, INCLUDING ANY EXHIBITS HERETO, CONTAINS THE ENTIRE AGREEMENT BY AND
BETWEEN THE PARTIES HERETO CONCERNING THE MATTERS SET FORTH HEREIN AND SUPERSEDES ANY PRIOR UNDERSTANDING OR
AGREEMENTS BETWEEN THE PARTIES HERETO. THIS AGREEMENT MAY NOT BE AMENDED OR MODIFIED EXCEPT IN WRITING BY THE
PARTIES HERETO. THIS AGREEMENT IS GOVERNED BY THE LAWS OF THE STATE OF CALIFORNIA, WITHOUT GIVING EFFECT TO ANY
CONFLICT-OF-LAW PRINCIPLE THAT WOULD RESULT IN THE LAWS OF ANY OTHER JURISDICTION GOVERNING THIS AGREEMENT. ANY
ACTION OR PROCEEDING ARISING OUT OF THIS AGREEMENT WILL BE LITIGATED IN COURTS LOCATED IN CITY OF RENO AND COUNTY OF
WASHOECOUNTY, CALIFORNIA. EACH PARTY CONSENTS AND SUBMITS TO THE JURISDICTION OF ANY LOCAL, STATE, OR FEDERAL COURT
LOCATED IN CITY OF RENO AND COUNTY OF WASHOECOUNTY, CALIFORNIA.

10. TERM OF AGREEMENT. THIS AGREEMENT SHALL REMAIN IN FORCE FOR 7-YEAR NEW MARKETS TAX CREDITS
COMPLIANCE TERM.

11. INTENTIONALLY LEFT BLANK

12. NOTICE. ANY NOTICE OR COMMUNICATION REQUIRED UNDER THIS AGREEMENT BY ANY PARTY TO THE OTHER SHALL BE
SUFFICIENTLY GIVEN OR DELIVERED IF DISPATCHED BY HAND OR BY REGISTERED OR CERTIFIED MAIL , POSTAGE PREPAID, ADDRESSED AS
FOLLOWS:

IN THE CASE OF SFCIF TO:

City of Reno and County of Washoe Community Investment Fund

Attn: City of Reno and County of Washoe Community Investment Fund
Facsimile:

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 IN THE CASE OF A OPPORTUNITY ZONE BENEFICIARY TO:

After completion of the Project

13. NOTICE AND TIME TO CURE. IF SFCIF BELIEVES THAT THE OPPORTUNITY ZONE BENEFICIARY HAS NOT FULLY
AGREEMENT, SFCIF SHALL ADVISE THE OPPORTUNITY
PERFORMED THE ACTS TO BE PERFORMED BY IT IN ACCORDANCE WITH THIS
ZONE BENEFICIARY BY WRITTEN NOTICE OF THE BREACH, AND THE OPPORTUNITY ZONE BENEFICIARY SHALL HAVE NINETY (90)
DAYS AFTER THE DATE OF SUCH NOTICE TO PERFORM ANY ACTS REQUIRED OF IT TO CURE THE ALLEGED BREACH PRIOR TO SFCIF
COMMENCING ANY ACTION TO ENFORCE THIS AGREEMENT

14. Rights and Remedies. Lender agrees that upon an event of noncompliance which remains
outstanding beyond all applicable cure periods, Lender’s remedy shall be solely limited to collect amounts
deposited in the Community Benefit Guarantee Account and to compel specific performance related to the event
of noncompliance, pursuant to the terms and conditions set forth in Section 3 herein.

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