TINY TIM LP (C/O COMMUNITY DEVELOPMENT PARTNERS)

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"Calendar Year" means each consecutive twelve (12) month period from January 1 to December 31. "Certificate of Completion" has the meaning set forth in Article 17 of the Agreement. "City" means the City of Santa Ana, California, a charter city and municipal corporation. "City" shall also refer to the Agency where the context dictates, to the effect that the Agency shall have all the rights granted to the City hereunder. "City Project Manager" shall mean the City's Housing Manager and/or his/her designee. "County" means the County of Orange, California. "Developer" means Tiny Tim LP, a California limited partnership. "Event of Default" has the meaning set forth in Section 20.1 of the Agreement. "Extremely Low Income" means an adjusted income which does not exceed thirty percent (30%) of the Median Income for the Area, adjusted for household size, as published by the U.S. Department of Housing and Urban Development. "Governmental Authority" means any governmental or quasi -governmental agency, board, bureau, commission, department, court, administrative tribunal or other instrumentality or authority, and any public utility. "Housing Authority" means the Housing Authority of the City of Santa Ana (CA093), a Public body, corporate and politic. "HUD" means the United States (U.S.) Department of Housing and Urban Development, and any successors or assigns thereof. "Improvements" means all improvements and fixtures now and hereafter comprising any portion of the Property, including, without limitation, landscaping, trees and plant materials; and offsite improvements, as required through the City of Santa Ana planning and Building Agency entitlement process. "Inclusionary Deed of Trust" means the deed of trust encumbering the Property, in the form attached hereto as Exhibit C, to be executed by Developer pursuant to Section 5.13.1 in order to secure the Inclusionary Loan Note. "Inclusionary Loan" or "Inclusionary City Loan" means a loan in the original principal amount of up to one -million, three -hundred thousand dollars ($1,300,000) to be made to Developer by the City to be funded exclusively from the Inclusionary Housing Fund.