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80A - TRANSIT CODE AND STATION DISTRICT - EXHIBIT J
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80A - TRANSIT CODE AND STATION DISTRICT - EXHIBIT J
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Last modified
1/3/2012 4:05:19 PM
Creation date
6/10/2010 1:10:58 PM
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City Clerk
Doc Type
Agenda Packet
Item #
80A
Date
6/7/2010
Destruction Year
2015
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of the P1"o~ect, The Aerrc~ acl~na~~~ledes that Phase 1 and Phase R-2 rna~ have different <br /> In~estar` limited Partners, <br /> "~C#~~d ~Is~~~~~~~ova~~~" is defined irz Section 3~3. <br /> "~egr~~ Desc~~ip~iotz" lneal~s tl~e legal deser`iptian of the Agency Parcels attaclaed hereto as <br /> Attachment a, and il~cal'porated lrer'ein b~ r'efer'ence. <br /> "or~e~~ct~e ~~~cort~" al~d "~Yl~r~e~~~~fe ~'~~o~~~e ~~~selro~ds" rrreal~s naaderate it~carrre <br /> hauseholcls as defined 111 Health afet~r fade section 5~a93. <br /> "o~~~~Iy I~o~fsi~r `os~" lrrea~~s, for` a oderat~ income Household rrr`clxasit~ ate <br /> Affordable For'-Sale Unit, all of the folla~~it~ associated ~~ith such Affar~dahle Far-Sale C1nit, <br /> est~matecl a~~ l~r~arr of the date of the proposed salef prl~lcrpal at~d rriter`est payrner~ts an a <br /> ~nal~gage loa~~, 1r1ClUd~t~g arl}' load ~I1sr~1`a~l~~ fees associated tl~ere4~ith ~pro~ided that if tl~e <br /> r~~ortgae loa~r obtained h~ the ~~~~'cl~aser contains arr ad~rrstable interest r"ate, then tl~e pr4rncrpal <br /> end interest pa~tt~ellt shall he deelned to he those ~~l~rcl~ ~~ould be d€~e upol~ a l~or;tae Iaan <br /> arno~~tl~ed avel` tl~lr"t~-dear` perlo~l ~4'Itll alb lllterest rate e~~lal to p1'e~arlrn IY]ar'ket rates <br /> thirty-dear fixed-rate mortgage loa~rs}; iii}property taxes acrd assessments; ~rrr}fire ar~d casualty <br /> irrsurarice covering re~~lacelr~elat val~~e of proper"t~~ irr~pra~ements; ~i~} l~al~ea~vner' assacratron <br /> fees; and a reasol~able r~tility alla~~~arrce, rTl7e ~orrthl~ Housing fast shall he ate a~~erage <br /> estil~~ated casts for` the next t~~rel~e {1~} rrrontl~ l~eriad, <br /> "~Vfo~~~~r~~~ ~e~rt" is defined i~ Section ~a 1.5. <br /> "o~ic~}'shall mean a native in the fal"lr~ prescribed b~ Section Ga l . <br /> "~~~~e o~ ~ o~~c~a~ir~r'~j} ~eY~~~~r'c~io~r" is defined in ectiot~ 1, l ~ , <br /> "~~~s~r'r~~ ~asr"erg ~cr~~" rne~rs the Phase R~ l ~r~tside lasir7g bate, the Phase I~-~ <br /> ~~~tsrde lorrrg Date ar'the FS ~rrtside lasil~ Date, as applicable, <br /> "~°c~~~~~~e~~slrrp ~4~~~e~~~~t~t" mealas, ~~ltli respect to e~eh of Phase R~ 1 and Phase an <br /> agree~r~ent that sets forth the terms of a limited par'tt~ersl~ip to ~~l~ich tl~e Developer Transfers ifs <br /> r'~l~ts, il~t~l'est, and ablrgatrorls rrr acrd to thls Areelnelat i~lt~X respect to the applicable Phase of <br /> <br /> the dental Portion of the Pr'o~ect, as sr~ch agreement rn~l be amended from til~e to tine, so long <br /> as conslstent ~~1th tl~e r'e~uir"o1~lel~t of tl~ts Ar"eer~let~t, The Pal'tl~ership Aree~rrerrts shall be <br /> entez"ed illta bet~~ree~~ or` ar~ang the general ~~ar~tl~ers and tl~e rt~~etol` Limited Partner that <br /> calnprise tl~e limited par"tnership that De~elo~er assig~~s its r`il~ts arr~ o~Oliatians to ~~ith ~~espeet <br /> <br /> to each Phase of the dental Portion of the Px'o <br /> ject~ <br /> ".~~~c~~;~~s}" s~~all mean, ir~ividuall~r and collecti~el~, ~lxase Phase l-~ arld Phase F <br /> Df the 1 1'a1~Vt, <br /> `~~frr~~'~ shall n~eai~ the Phase of constr'uctior~ of the P1"aect ~~rlrrch shall rnclude the <br /> de~elaplr~ent of a~pl'oximately tl~irt~l-t~~~o ~2} For~al ~lnits {i~1cl~~i~e of <br /> Ville Affordable <br /> Far-dale Unrts} on the For-Sale Por-tlol~ of the Slte, Specifieall~~, Phase FS ~~ill be cal~str~~cted <br /> S <br /> <br /> Da CaCI l ~DD(~7~~Tt i2 ~p27~~~D4 l <br /> <br />
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