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Item 16 - Affordable Housing Project at 801, 807, 809 and 809 ½ E. Santa Ana Blvd
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Item 16 - Affordable Housing Project at 801, 807, 809 and 809 ½ E. Santa Ana Blvd
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City Clerk
Doc Type
Agenda Packet
Agency
Clerk of the Council
Item #
16
Date
12/7/2021
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<br /> "City" means the City of Santa Ana, California, a charter city and <br />municipal corporation. “City” shall also refer to the Agency where the context dictates, to <br />the effect that the Agency shall have all the rights granted to the City hereunder. <br /> <br /> “City Project Manager” shall mean the City’s Housing Manager and/or <br />his/her designee. <br /> <br /> "Close of Escrow" shall mean the date upon which the Agency Loan <br />Agreement and Agency Deed of Trust is recorded in the Official Records of the County. <br /> <br /> "County" means the County of Orange, California. <br /> <br /> “Developer” means Shelter Providers of Orange County, Inc. DBA <br />HomeAid Orange County. <br /> <br /> "Developer's Representative" shall mean a representative of the <br />designated from time to time by the Executive Director of Developer or his/her designee. <br /> <br /> “Escrow” is the escrow opened for the closing of the Senior Loan and <br />Agency Loan. <br /> <br /> “Escrow Holder” is Commonwealth Land Title Company. <br /> <br /> "Event of Default" has the meaning set forth in Section 6.1. <br /> <br /> “Excluded Transfer” shall have the meaning set forth in the Ground Lease. <br /> <br />“Extremely Low Income” means an adjusted income which does not <br />exceed thirty percent (30%) of the Median Income for the Area, adjusted for household <br />size, as published by the U.S. Department of Housing and Urban Development and in <br />accordance with Sections 50052.5 and 50053 of the Health & Safet y Code. <br /> <br />“Force Majeure Event” shall have the meaning given such term in Section <br />2.3 below. <br /> <br /> "Governmental Authority" means any governmental or quasi- <br />governmental agency, board, bureau, commission, department, court, administrative <br />tribunal or other instrumentality or authority, and any public utility. <br /> <br /> "Ground Lease" means that certain Ground Lease dated __________, <br />2021 by and between Agency and Developer. <br /> <br />"Hazardous Materials" means flammable materials, explosives, <br />radioactive materials, hazardous wastes, toxic substances and similar substances and <br />materials, including all substances and materials defined as hazardous or toxic wastes, <br />substances or materials under any applicable law, including without limitation the <br />Resource Conservation and Recovery Act, 42 U.S.C. §§ 6901 et seq., and the <br />EXHIBIT 4
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