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TOLL BROTHERS APARTMENT LIVING
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Last modified
3/25/2020 12:53:49 PM
Creation date
3/11/2020 8:47:08 AM
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Contracts
Company Name
TOLL BROTHERS APARTMENT LIVING
Contract #
A-2019-246
Agency
PLANNING & BUILDING
Council Approval Date
12/3/2019
Destruction Year
0
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level of service of utilities not included in (a) or (b) above, including garbage collection, sewer, <br />water, electricity, gas and other heating, cooking and refrigeration fuels, but not including <br />telephone or cable service, and (d) possessory interest, taxes or other fees or charges assessed for <br />use of the land and facilities associated therewith by a public or private entity other than Developer. <br />In the event that certain utility charges are paid by the landlord rather than the tenant, no utility <br />allowance shall be deducted from the rent for that type of utility charge. <br />1.1.18 "Project" means that certain mixed use commercial and residential <br />development as more particularly described in Recital B and Section 2 of this Agreement. <br />1.1.19 'Property" means that certain real property more particularly described in <br />the legal description in Exhibit A and improvements thereon. <br />1.1.20 "State Density Bonus Law" means Government Code sections 65915, et <br />seq., as they exist on the Effective Date. <br />1.1.21 "Unit" means a residential dwelling unit within the Project to be <br />constructed by Developer pursuant to this Agreement. <br />1.1.22 "Unrestricted Units" means the Units within the Project to be constructed <br />by Developer to a Household without restriction. <br />1.1.23 "Very Low Income Tenant' means persons and families whose income <br />does not exceed fifty (50%) of the area median income for the Orange County, California PMSA, <br />adjusted for household size, as published by HCD. <br />1.2 Exhibits. The following documents are attached to, and by this reference made a <br />part of, this Agreement: <br />1.2.1 Exhibit A — Legal Description of the Property <br />1.2.2 Exhibit B — Tenant Verification <br />1.2.3 Exhibit C — Annual Tenant Recertification <br />1.2.4 Exhibit D — Annual Rental Housing Compliance Report <br />1.2.5 Exhibit E —Notice of Affordability Restrictions on Transfer of Property <br />1.2.6 Exhibit F — Parking Management Plan <br />2. DEVELOPMENT OF THE PROPERTY <br />2.1 Project. Developer shall develop, operate, and maintain the Property as a two - <br />hundred and twenty (220JUnit mixed use commercial and residential development, with eleven <br />11 Affordable Units for Very Low Income Tenants. <br />4 <br />
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