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"Calendar Year" means each consecutive twelve (12) month period from January 1 to <br />December 31. <br />"Certificate of Completion" has the meaning set forth in Article 17 of the Agreement. <br />"City" means the City of Santa Ana, California, a charter city and municipal corporation. <br />"City" shall also refer to the Agency where the context dictates, to the effect that the Agency shall <br />have all the rights granted to the City hereunder. <br />"City Project Manager" shall mean the City's Housing Manager and/or his/her <br />designee. <br />"County" means the County of Orange, California. <br />"Developer" means Tiny Tim LP, a California limited partnership. <br />"Event of Default" has the meaning set forth in Section 20.1 of the Agreement. <br />"Extremely Low Income" means an adjusted income which does not exceed thirty percent <br />(30%) of the Median Income for the Area, adjusted for household size, as published by the U.S. <br />Department of Housing and Urban Development. <br />"Governmental Authority" means any governmental or quasi -governmental agency, <br />board, bureau, commission, department, court, administrative tribunal or other instrumentality or <br />authority, and any public utility. <br />"Housing Authority" means the Housing Authority of the City of Santa Ana (CA093), a <br />public body, corporate and politic. <br />"HUD" means the United States (U.S.) Department of Housing and Urban Development, <br />and any successors or assigns thereof. <br />"Improvements" means all improvements and fixtures now and hereafter comprising any <br />portion of the Property, including, without limitation, landscaping, trees and plant materials; and <br />offsite improvements, as required through the City of Santa Ana Planning and Building Agency <br />entitlement process. <br />"Inclusionary Deed of Trust" means the deed of trust encumbering the Property, in the <br />form attached hereto as Exhibit C, to be executed by Developer pursuant to Section 5.13.1 in order <br />to secure the Inclusionary Loan Note. <br />"Inclusionary Loan" or "Inclusionary City Loan" means a loan in the original principal <br />amount of up to one -million, three -hundred thousand dollars ($1,300,000) to be made to Developer <br />by the City to be funded exclusively from the Inclusionary Housing Fund. <br />4 <br />