80A - JOINT PH - TRANSIT ZONING CODE, FINAL EIR, SPECIFIC PLAN ETC. - ORIGINAL PACKET PROVIDED TO COUNCIL

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(a) ( . of the two (2) bedroom Rental Units in Phase R-1 to Very Love Income Households at an Affordable Rent; twenty 2 of the two (2) bedroom Rental Units in Phase R-2 to Vey Low Income Households at an Affordable Beat; (b) of the two 2 bedroom Rental Units in Phase R- l to Extremely Low Income Households at an Affordable Beat; five of the two 2 bedroom Rental Units in Phase R-2 to Extremely Low Income Households at an Affordable Beat; (C) L_) of the three 3 bedroom Rental Units in Phase R-1 t o Very Low Income Households at are Affordable Beat; nine 9 of the three bedroom Rental Units in Phase R-2 to Very Low Income e Households at are Affordable Rem; and (d) of the three bedroom Rental Units in Phase R-1 t Extremely Low Income Households at an Affordable Rent; three 3 of the three 3 bedroom Rental Units in Phase --2 to Extremely Low Income Households at an Affordable Rent. 2, Duration of Affoi-dability Requirements. The Rental Units shall be subject to the requirements of this Agreement for the later of i fifty -five years from the date of the City's issuance of a certificate of occupancy for the applicable Phase or (ii) repayment its fill of the Promissory issor Note as defined in the D A . 3. Selection of Tenants. The Developer shall be responsible for the selection of tenants for the Rental tal Units its compliance with lawful and reasonable criteria, as set forth in this Agreement and the Management ent Plan which is required to be submitted and approved by the Agency pursuant to Section 9. 4. Household Income Requirements. Following the initial lease -tip of the Dental Chits in each of Phase -1 and Phase R -2, and annually thereafter, the Developer shall submit to the Agency, at the Developer's expense, a summary of the income, household size and rent payable by each of the tenants of the Rental Units of stieh Please. At the Agency's request, the Developer shall also provide to the Agency completed d in ome computation and certification forms, in a form reasonably acceptable to the Agency, for any such tenant or tenants. The Developer shall obtain, or shall cause to be obtained by the Property Manager, a certification from each household leasing a Rental Unit demonstrating that such household is a Very Low Income Household or Extremely Low Income Household, as applicable, and meets the eligibility requirements ents established for the Rental Unit. The Developer shall verify, or shall cause to be verified by the Pr petty Manager, the income certification of the household. Affordable Rent. The maximum Monthly Rent chargeable for the Rental Units shall be annually determined in accordance with the following requirements. The Monthly Rent for the Rental Units to be rented to Extremely Low Income Households shall not exceed the requirements of TCAC and the Monthly Rent for the Rental Units to be rented to er Low Income Households shall not exceed the more restrictive of i TCAC or (ii) the amount set forth in Section 50053(b)(2) of the California Health and Safety Code. For purposes of this Agreement, "Monthly ly Rent" means the total of monthly payments ents charged to and paid by tenants or by any ether source e.g. Section 8 vouchers) for (a) use and occupancy of each Rental Unit and land and facilities associated therewith, b any ATTACHMENT NO. 7 -2 DOCSO A 400673NI 3/20027 -0001