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"Escrow Agent" is defined i n Section 20 1. <br />"Ev ence of Constiquction Financing" means evidence finds adequate its the <br />reasonable judgment of the Agen y ecutiv ire ton, to construct and operate or market and <br />sell, as applicable, each Phase of the Developer Improvements. <br />"Eio ` ence of Permanent in(i cing for the Renud Portion of the Ptp " means <br />evidence of a permanent loan for Phrase - I and/or Phase R -2, as applicable, in an ainount not to <br />exceed the amount necessary to take out the construction loan for such Phase. <br />"R e ions" is defined in Section 202 hereof. <br />"Ex reme 2 o� Inc �e" and/or "Ex r+eme j� Low Inco Households" e shall inean <br />extremely low income households as defined in Health & Safety Code Section 50106. <br />"Knal Plmse FiS ors s e C osh g e" r ears the last date the final Closing with <br />respect to Phase FS may occur. <br />"Foy--Stile onion of the Project" means that portion of the Project that consists off'the <br />For -Sale Units including the Affordable For-Sale Units). The For -Sale Portion of the Project <br />consists of six 6 lots as identified on the Site Map and shall be constructed in multiple phases, <br />and shall include any Additional Properties designated for `or -Sale Units which are added to the <br />Project pursuant. to Section 207 hereof. The Affordable For -Sale Units shall be located within <br />the or -Sale Portion of the Project. <br />"For, SWe Ur i , " ineans the Housing Units ) (inclusive of the Affordable For -Sale <br />Units that shall be constructed and developed on the For -Sale Portion of the Project pursuant to <br />and consistent with the terms of this Agreement. A total of approximately thirty-two 2 ) For- <br />Sale Units plus the For Sale Units to be constructed on the Additional Properties shall be <br />constructed and developed by the Developer, inclusive of the Affordable For -Sale Units. <br />"Govet-nmenhil Requirements" means all laws, ordinances, statutes, codes, rules, <br />regulations, orders and decrees of the United States, the state, the county, the City, or any other <br />political subdivision in which the Site is located, and of any other political s ubdivision, agency <br />01• illStRimentality exercising jurisdiction over the Agency, the Developer, the <br />Developer Improvements, ardor the Site <br />"Grant Deed(s)" i eans the grant deed(s) for the Conveyance of each Phase from the <br />Agency to the Developer or its permitted assignees), its the form of Attachment No. 3 hereto <br />which is incorporated herein by reference. <br />"Guar imtor " is defined ire Section 204. 1 . <br />"Guw,P rntjP" is defined in Section 204.(h). <br />Wiizardous Materials" means any substance, material, or waste which is r becomes, <br />regulated by any local gover inental a uthority, the State of California, or the United States <br />Government, including, but not limited to, any material or substance which is i defined as a <br />D OCSOCI 14 00673 v 1 3/200272 -0001 <br />