TOLL WEST COAST, LLC - Laserfiche WebLink

Home Browse Search

1.1.4 "Base Units" means the thirty-five (35) Units that Developer would be authorized to develop on the Property without application of the State Density Bonus Law. 1.1.5 "City" means the City of Santa Ana, California 1.1.6 "City Council" means the City Council of the City of Santa Ana. 1.1.7 "City Attorney" means the City Attorney for the City of Santa Ana. 1.1.8 "City Manager" means the City Manager for the City of Santa Ana. 1.1.9 "City's Planning Commission" means the Planning Commission for the City of Santa Ana. 1.1.10 "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. 1.1.11 "Density Bonus Units" means the sixteen (16) Units in addition to the Base Units that Developer shall develop pursuant to the density allowance in the State Density Bonus Law and the terms and conditions of this Agreement, of which Developer would not be entitled to develop without providing the Affordable Units. 1.1.12 "Developer" means Toll West Coast, LLC, as permitted Assignee under the Assignment and Assumption of Density Bonus Agreement with Warmington Residential California, Inc. as Assignor (acknowledged February 20, 2024), and its permitted successors and assigns to all or any part of the Property, Project or this Agreement. 1.1.13 "Effective Date" means the date the City Council of City approves this Agreement and from then on this Agreement shall be in full force and effect. 1.1.14 "Eligible Household" means a Household whose income does not exceed the "Low -Income" qualifying limit as defined herein. 1.1.15 "Household" means all persons residing in a Unit. 1.1.16 "Low -Income" means persons and families whose income does not exceed the limits provided in California Health and Safety Code Section 50052.5. 1.1.17 "Project" means that certain residential development as more particularly described in Recital B and Section 2 of this Agreement. 1.1.18 "Property" means that certain real property more particularly described in the legal description in Exhibit A and improvements thereon. 1.1.19 "State Density Bonus Law" means Government Code sections 65915, et seq., as they exist on the Effective Date.