COMPETITION CALL FOR ACCOMMODATION IN TEMPORARY RENTAL

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COMPETITION CALL FOR ACCOMMODATION IN TEMPORARY RENTAL to be assigned to students in university programmes, interns, scholarship holders, researchers, temporary workers, those in need of treatment and care for fixed periods and other categories with accommodation requirements of a temporary nature. Cà Bassa srl with registered office in Brescia, via Montello 12/b and branch in Mantua, via Goia 19 - tax code 07516280158 following the agreement signed with the Municipality of Mantua for management of the building and residential units owned by said company for "Temporary Rental", makes available 58 places in the building in Via Maria Goia, 19 - loc. Colle Aperto - Mantua. The beds will be available from 01/04/2009 and will be assigned according to the following terms: - to undergraduate and post-graduate students, interns, scholarship holders, researchers, - to participants in training courses or masters; - to those with temporary accommodation requirements related to contracts or employment or training, such as in particular workers with fixed-term contract. - to workers members of cooperatives and employees of companies which by contract do not receive any allowance for variable places of work; - to those in need of treatment and care for fixed periods, such as relatives of patients receiving treatment at hospitals or clinics; - to those in need of temporary rental for justified and substantiated reasons.

ART.1 CALL PARTICIPATION CONDITIONS Those belonging to the above categories and in possession of the following requisites may access temporary rental of accommodation places subject of the call: 1. ASSESSMENT OF FINANCIAL SITUATION. The financial situation defined with the procedures and criteria set out in Regional Regulation no. 1 of 10 February 2004, as amended and supplemented, must not exceed 44,000.00 national ISEE standard, with reference to the nuclear family of origin. Nuclear family: is defined pursuant to Prime Ministerial Decree no. 221 of 7 May 1999, art. 1 Bis. In particular, with reference to the date of submission of the application, the nuclear family is composed of: - the applicant; - the applicant s parents, if not legally separated or divorced, and their dependent children even if not present in the family residence certificate; - all those present in the residence certificate of the student's family at the date of submission of the application, even if not related; - the parent receiving maintenance allowance for the student, in cases of divorce or legal separation; - any persons under the custody of the parents of the student on the date of submission of the application. 2. ASSESSMENT OF SCHOLASTIC MERIT (only for beds reserved for university students: for students enrolled in the first year of a university programme the merit assessment refers to the results of the school leaving examination) 3. ASSESSMENT OF GEOGRAPHICAL ORIGIN. The distance between the place of residence of the nuclear family of origin and the place of work, study or treatment must not be less than 30 Km.

ART.2 DOCUMENTATION REQUIRED Those intending to access temporary rental must submit an application to the property management company, submitting documentation proving the following data: a) Personal details; b) Tax code; c) Residence permit for non-eu citizens; d) Enrolment in the university programme; e) Employment contract; f) ISEE declaration for ascertaining the income of the nuclear family of origin. The above data can be self-certified in accordance with and in the manner provided for in arts. 46 and 47 of Presidential Decree no. 445 of 28 December 2000. ART. 3: ASSESSMENT OF FINANCIAL AND WEALTH SITUATION FOR FOREIGN NATIONALS According to Presidential Decree no. 394 of 31 August 1999, the financial and wealth situation for foreign students from outside the European Union is assessed on the basis of the average exchange rate of 2006. The financial and wealth situation of the nuclear family must be certified with appropriate documentation issued by the competent authorities of the country in which the income was earned and must be translated into Italian by the Italian diplomatic authorities competent for the territory. In the case of those countries where there are particular difficulties in obtaining certification attested by the local Italian Embassy, the same should be issued by the competent foreign diplomatic or consular representations in Italy and legalised by the Prefecture pursuant to art. 33 of Presidential Decree no. 445 of 28 December 2000. For foreign students from particularly poor countries (specified by decree issued by the Ministry for Education, University and Scientific Research in agreement with the Ministry for Foreign Affairs), assessment of the financial situation may be certified by the Italian Representation in the country of origin, which must certify that the student does not belong to a notoriously high-income and high-social status family. This certification may also be issued by the foreign University of enrolment that has an agreement with the Universities or by Italian bodies qualified to provide a guarantee of financial coverage, as envisaged by current legislation on the enrolment of foreign students in Italian universities.

The person must declare any income and wealth held in Italy by his/her nuclear family, as envisaged by Legislative Decree no. 109 of 31 March 1999 and amended by Legislative Decree no. 130 of 3 May 2000. All foreign persons must submit the following documentation for assessing the financial/wealth situation of the nuclear family: - document attesting the members of the nuclear family; - income produced in the calendar year 2007 by each member of the nuclear family; - documentation on buildings owned by the nuclear family, specifying the square metres; - certification of securities owned by the nuclear family; - I.S.E.E. certification for income and wealth held in Italy. ART. 4 CHECKS The Municipality of Mantua reserves the right to carry out checks, including random checks, on declarations made by the beneficiaries, using the information in its possession, as well as that of other Public Administration agencies and in appropriate cases requesting the intervention of the Finance Police. In the event of false declarations pursuant to art. 75 of Presidential Decree 445/2000, the Municipality will revoke the unduly obtained benefit, without prejudice to criminal liability pursuant to art. 76 of said decree and impose the sanctions provided for in art. 316 ter of the Criminal Code. ART. 5 ACCOMMODATION PLACES AVAILABLE AND SERVICES PROVIDED. The places assigned at the property entitles use of the following services: One/two/three bed apartment with private bathroom. All apartments have: hot and cold water, electricity, heating, bathroom with shower, fully-equipped kitchen, living room. A concierge service is also provided. There is also, as a common service, a laundry room, a reception, a common courtyard, parking places and garage. Assignees of accommodation must personally provide for bath linen, kitchen accessories, as well as cleaning of their apartment or request these services at the concierge which will be excluded from the rental fee.

ART. 6 DURATION OF ASSIGNMENT AND PAYMENT OF RENT Accommodation will be available to beneficiary tenants for a period equal to that of the contract/reason which gave rise to the temporary accommodation requirement. If the temporary requirement consists of attending university studies, the rental will have the same duration as the legal duration of the degree programme of enrolment plus one additional year. 12 (twelve) monthly rents per academic are due from students. A non-interest-bearing deposit, equal to one month's rent, as a guarantee of the obligations deriving from taking charge of the accommodation is envisaged, which will be returned at the end of the stay. Assignment of the accommodation can be revoked at any time for those who fall behind in the payment of rent or fail to respect the internal regulations and all the clauses of the agreement that will be signed. The rent is calculated, collected and entirely withheld by Cà Bassa srl. The maximum rent for each bed for the year 2009 will be as follows: - 1 person (single room apartment) monthly rent 365.00. - 2/3 persons (two/three room apartment) monthly rent 250.00. The rent will be updated annually according to the nominal increase in GDP. I the rent is inclusive of all the items and expenses related to the accommodation service offered, with the exception utilities consumption and any additional services required as per art. 4).

ART. 7 LOSS OF ACCOMMODATION PLACE The right to use the accommodation place may become void in the following cases: 1) failure to use the accommodation place for a period exceeding one month, except for notice to the management who will decide as appropriate; 2) failure to pay the rent; 3) termination of studies or advance termination of employment; 4) negative outcome of the checks pursuant to art. 4 The assignee who, for whatever reason, is deprived of the right to the accommodation place must notify the Residence Hall Manager, pay the rent of the month in progress and immediately vacate the bed. For everything not specified, reference is made to the temporary rental agreement signed by the parties. ART. 8 CANCELLATION Cancellation of the accommodation place must be received in writing as agreed in the rental agreement. ART. 9 APPLICATION DEADLINES Applications must be received - in person at the Mantua branch of Cà Bassa srl in Via Goia 19 - by e-mail at cabassasrl@.virgilio.it For information contact 335-7356396 ART. 10 CALL CHARACTERISTICS This call is to be considered "open-ended", without any expiry date, and is not subject to ranking until a sufficient number of applications to fill the property is reached. On occurrence of the above condition a new call will be issued with details of the ranking criteria.