BRANDYWINE ACQUISITION GROUP, LLC

Home Browse Search

1.1.8 "City's Planning Commission" means the Planning Commission for the City of Santa Ana. 1.1.9 "Density Bonus Housing Agreement Term" means the period during which this Agreement shall be in full force and effect, as provided for in Section 6 below. 1.1.10 "Developer" means Brandywine Acquisition Group, LLC and its permitted successors and assigns to all or any part of the Property, Project or this Agreement. 1.1.11 "Effective Date" means the date the Developer and the City shall record or cause to be recorded in the Official Records for Orange County, California, an executed original of this Agreement, pursuant to section 4.1 herein. 1.1.12 "Eligible Household" means a Household whose income does not exceed the "Moderate -Income" qualifying limit as defined herein. 1.1.13 "Household" means all persons residing in a Unit. 1.1.14 "Moderate -Income" means persons and families whose income does not exceed the limits provided in California Health and Safety Code Section 50052.5. 1.1.15 "Project" means that certain residential development as more particularly described in Recital B and Section 2 of this Agreement. 1.1.16 "Property" means that certain real property more particularly described in the legal description in Exhibit A and improvements thereon. 1.1.17 "State Density Bonus Law" means Government Code sections 65915, et seq., as they exist on the Effective Date. 1.1.18 "Unit" means a residential dwelling unit within the Project to be constructed or caused to be constructed by Developer pursuant to this Agreement. 1.1.19 "Unrestricted Units" means the Units within the Project to be constructed or caused to be constructed by Developer to a Household without restriction. 1.2 Exhibits. The following documents are attached to, and by this reference made a part of, this Agreement: 1.2.1 Exhibit A —Legal Description of the Property 1.2.2 Exhibit B — Income Verification Form 1.2.3 Exhibit C —Notice of Affordability Restrictions on Transfer of Property