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paI'tion o~ tl~e Site puI•sua~~t to this ~~+~elnet~t ~~ill h~ ~f he~re~it to the ~e~~~'~ ~VI~~'ed P~'oj~~t, <br /> the PI•o~ect area al~d its i~illabita~~ts well as the ~'emait~del' of tl~e co~nlrlkl~~It~. <br /> The Prejeet i vital to a~~d i~~ tl~e best ~ntel•est of tl~e pity al~d t~~e health, safety and <br /> welfare of its residents, and IS in accot'da~~ce ~~ritl~ tl~e pkl~~i~ pk~I'pQSes of applicable state and <br /> local laws ~Ild regk~Ire~nents. <br /> T~~~`~~, for al~d IIl cel~slderatiol~ of tl~e ~l~kltkl~l prot~ics, Co~etiatat, and <br /> eor~clitiens he~'ein cHtained, the parties la~•eto aI•ee as folo~~s~ <br /> Vlf1 11~~~E,~~l~i lr <br /> "Ab~?~e~~~ef~~I~epa~~~" is defined its Sectiot~ 2069, <br /> "~fr~c~~ .t~o~~~er~e" ~r~ea~~s tie actk#al kl~ov~rle~le of tl~e Agel~c~ ~xeckrtl~~e ~lrector <br /> at~dlot` llllan~ Itte off` tl~e ~e~elaper, ~~itlla~~t C~klt~ of fk~~'tl~er ~nc~ulry or' il~~estiatiot~. kith <br /> respect to developer, tl~e idel~tit}~ of the afficer to ~~~l~ol~ ach~al kt~o~vlede is att~•ibklted ~~.a~ <br /> change k1p0I~ ~Il~ trat~sfer h~ Deveope~' p~rx~sx~ant to Sectio~~ X02, And such cl~al~ge shall be set <br /> forth in tl~e instrklt~~et~t s~t~ed by tl~e Ae~~e~ releasil~g developer as CQI1tet~Ip~at~d. h~~ Section <br /> ~02~~~ <br /> "~id~~iiia~ra~ ~'r~a~e~i~ies}' Ineal~s certain pI'epe~'ties o~~ned by thi~•d patties as sho~v~~ on tl~e <br /> Site Niap that the .et~cy tr~a~r acq~zi~~e a~~d ~~v~~ich will, if ac~k~i~•ed prior to ~i} ~ritl~ respect to <br /> Phase FS ~~itl~in fo~'ty»five X45} days of tl~e date of Areelne~~t ~II~ 4vit11 ~•espect to Phases R-1 <br /> a~ad R-~, at least Forty-fi~~e X45} dad? prior' t~ the date of al~y subinissiot~ ~f a Tax credit <br /> appllcatlo~l to ltlcluded kIl the ot~ve~'al~ce ~~~itl~ respect to sk~Ch Phase, <br /> `~~lr~t~rr~r'ot~c~~ ~P~~~er~~r'es o~r'~~" ~s defined Sectiol~ 207, <br /> f <br /> f <br /> o~~~~rr~r'~i~,t~ .~e~~rac~" as to a Re~~tal C~~~~t ~ def <br /> llled ~~1 Secflot~ 401,2, al~d as to an <br /> ffordal~le >~ar-Sale ~I]It IS defil~ecl III Section 42,3. <br /> ;`A, fo~,da~I~ ~'o~~~`~~~e ~I~~if~s)" ~~~eans a For~Sale [~~~it boa, n~k~ltiple ~oa~~ale ~~its~ that <br /> islare restricted at~d sold b~ tl~e De~rloper to ~4oderate Il~cotrle Households pl~rsk~ant to al~d <br /> cot~sistet~t ~v~tl~ tl~e ter~~s oft~~s Agl~ee~r~ent~ <br /> f~o~~r~~t~~ ~a~rsi~~ C'os~" n~eans the tr~axitrlk~zx~ pk~~'cl~ase p~•ice of air ~ffo~•dahle <br /> Far-Sale 111~it b~ a Nladerate ~nco~r~e Ho~~sel~od pk~rsual3t to Health Safet~? bode <br /> Sectiol~ 50~~2.~. <br /> ~`~i,~fa~+du~~e e~rf" means the ~naxi~nuln Inol~tllly ~~ent chargeable foci a Rental L~~~it as <br /> described in Section 4~ 1, 5 . <br /> "~#e~tc~;" Iean tl~e olnln~~~~ity ~ede~elapl~ent Agency of the pity of Sat~ta ~~~a, a <br /> <br /> pk~blic body, corporate al~d po~Itlc, exercisi~lg go~ern~rlental fkal~ctiol~s and powers and organised <br /> and existing kinder l~apter 2 of the or~~rn~rn~t~ Redeveloplnet~t 1Ja~v off` the State of alifol'nia, <br /> al~d any assignee of sk~ccessor to its r4ights, powers anc responslbi~Itles, <br /> 3 <br /> <br /> D~~~~~ll ~00~73~~~ 31~~~~~2-~~~ 1 <br /> <br />