80A - TRANSIT CODE AND STATION DISTRICT - EXHIBIT G

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Agency~s financial assistance from the Housing Fund in the amounts required by the Agreement; and" 1. each qualified Moderate Inconne Hornebuyer of an Affordable For-Sale Unit that is to receive a HarnebuyerAssitance Loan will enter into a Homebuyer Loan Agreement with the Agency substantially in the forrn attached to the Agreement as Attachment No~ ~ to the Agreement} and vvith respect to the portion of the Developer Project that is located within the Developer PrajectArea of the Merged Project, the acquisition, construction and operation of the Developer Project pursuant to theAgreernentwlll benefit the Project Area by providing affordable housing for persons who currently live and work within the Project Area; with respect to the portion of the Developer Project that is located outside the Project Area afthe Merged Project, the acquisition, construction and operation of the Developer Project pursuant to the Agreement wif[ be of ber~ef if to the Merged Project; and K, The Agency has adopted an lmplen~entation Plan pursuant to L Section 490, which sets forth the objective of providing housing to satisfy the needs and desires of various constituent elements of the connmunity; and L, The Agreementx copies of which the Developer has submitted to the Agency and the pity council copies substantially in the farrr~ submitted herewith, furthers the goals ofthe Agency set forth in the In~p[en~entatian Plan as It will facilitate the creation of affordable housing which will serve the residents of the neighborhood and the pity; and M. Pursuant to ~RL Section the Agency is authari~ed, with the approval of the pity ounci[ after a duly noticed public hearing} to convey the Site for development pursuant to the ~edeve[opn~ent Plan upon a determination by the pity ~auncil that such conveyance will eitherassist in the elimination of blight or provide housing for low- armoderate-income persons} that the consideration for such conveyance is not less than the fair mar[eetv[ue or fair reuse value of the Site ire accordance with the covenants and conditions governing the conveyance of the Site and development costs required thereof, as well as the particular uses to be conducted bythe Developer at the Site, and that the conveyance under the terms and conditions set forth in the Agreement is consistent with the Implementation Plan which has been adopted by the Agency for the Merged Project; and N~ The proposed Agreement and a summary report meeting the requirements of ILL Section ~3, were available for public inspection prior to the joint public hearing consistent with the requirer~ents of ~RL Section ~4; ar~d On dune ~0~ D, the Agency and pity council held a joint public hearing vn the proposed Agreement which was duly noticed in accordance with the requirements of ~RL Sections 34~~ and ~~4~, at which time the Agency reviewed and evaluated ail of the inforration, written and oral testirnony, and evidence presented during the joint public hearing; and ~esolut~on No. BRA ~0~~-XX~i Page of 7 .l