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Developer means any association, corporation, firm, joint venture, partnership, <br /> person, or any entity or combination of entities, which seeks city approval for all or part of <br /> a residential project. <br /> Development agreement means an agreement approved by the city council between <br /> a property owner and the city pursuant to Government Code section 65864, et seq. <br /> Executive director means the executive director of community development for the <br /> city. <br /> General plan means the adopted general plan for the City of Santa Ana. <br /> Inclusionary housing agreement means a legally binding agreement between the <br /> developer and the city, in a form and substance satisfactory to the executive director and <br /> the city attorney, and containing those provisions necessary to ensure that the <br /> requirements of this article are satisfied, whether through the provision of inclusionary <br /> units or through an approved alternative method. <br /> Inclusionary housing fund means the fund created by the city in which all fees collected <br /> in compliance with this article shall be deposited. <br /> Inclusionary housing plan means the plan submitted by the developer, in a form <br /> specified by the executive director, detailing how the provisions of this article will be <br /> implemented for the proposed residential project. <br /> Inclusionary unit means a dwelling unit that will be offered for sale or rent to extremely <br /> low, very low, low, or moderate-income households, at an affordable housing cost, in <br /> compliance with this article. <br /> Low-income units, very low-income units, and extremely low-income units means <br /> inclusionary units restricted to occupancy by low, very low, and extremely low-income <br /> households, respectively, at an affordable housing cost. <br /> Market rate units means dwelling units in a residential project that are not inclusionary <br /> units. <br /> Moderate-income units means inclusionary units restricted to occupancy by <br /> moderate-income households at an affordable housing cost. <br /> Regulatory agreement means an agreement entered into between the City of Santa <br /> Ana or the Santa Ana Community Development Agency and a developer by which the <br /> developer covenants to keep certain housing units at an affordable housing cost for a <br /> specified period of time. <br /> Rehabilitated units/rehabilitation means the improvement of a unit in substandard <br /> condition to a decent, safe and sanitary level. Units are in substandard condition when, <br /> while they may be structurally sound, they do not provide safe and adequate shelter, and <br /> in their present condition endanger the health, safety or well-being of the occupants. <br /> Residential project/project means any of the following: <br /> A subdivision resulting in the creation of five (5) or more residential lots or <br /> residential condominium units; or <br /> City Council 8 - 6 ordhi*WLl022-xxx <br /> Page 4 of 18 <br />