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iacua:ISI <br />The rents may be increased at the Property up to 50% of Area <br />Median Income. Prior to the levying of any rent increase, <br />Jamboree will provide a minimum 60-day notice instead of the <br />statutory 30-day notice. <br />This Commitment contains the entire understanding between New Owner and the City <br />with respect to the Assumption, supersedes all prior oral or written communications, and <br />may,not be modified or waived except in writing, and signed by the party to be bound <br />thereby. This Commitment and all Assumption documents shall be governed by <br />California law. This Commitment is personal to New Owner and is not assignable or <br />transferable by New Owner. The fulfillment of this Commitment is subject to the <br />approval of various Subordination Agreements and Amendments to the Loan <br />Agreements by City Council and the Housing Authority. <br />If you have any questions or require any additional information regarding this <br />Commitment, please contact Judson Brown, Housing Division Manager, by telephone at <br />(714) 667-2241 or by e-mail at ibrown(a.santa-ana.orc. <br />Sincerely, <br />Raul Godi ez II <br />City Manager <br />City of Santa Ana <br />Maria D. Huizar <br />Clerk of the Council <br />Maria Huizar <br />Recording Secretary <br />Steven A. Mendoza <br />Executive Director <br />Housing Authority of the City of Santa Ana <br />80A-11 <br />