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03 - Joint PH - Amend to DDA-Con Plan and Loan Agree for Vista Del Rio
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03/15/2010
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03 - Joint PH - Amend to DDA-Con Plan and Loan Agree for Vista Del Rio
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Last modified
1/3/2012 3:33:26 PM
Creation date
9/23/2010 5:29:01 PM
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City Clerk
Doc Type
Agenda Packet
Item #
03
Date
3/15/2010
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Maximtun Gross MonthlyRents shall he recalculated following issuance o£a Certificate of <br />Canpletlenprior tothe time of initial lease-np in accordanoe with any changes in allowable rent <br />oral income tables as published by T3t.l'U and the State of California, and shall be a§ approved by Qte <br />Executive birector htwriting in accordance tvitlt this Section. Such Maximum Gross Monthly <br />Rents changed to flte fast tenants o£the 4l writs (4t? Units plus manager's tutit} shall constihtte the <br />Initial Rental Schedule. <br />Utilities allowaitces must be deducted fiom the Maximtun Cn~oss Montlily Rent. Tho Santa Ana <br />Houshtg Authority publishes the utility allotivturce. <br />4. All other related exhibits, attachments and docmnents (including but not limited to the Grant Deed <br />and Declaration o£ Condition's, 'Covenants and 12osfiictions; the HOME I,oatt Agreement, and the <br />Affordability 1tesU9ctions on Transfer of Property) shall be amended accordingly. <br />S, Except as hereinabove modified, the terms and conditions of said Agreement remain unchanged and <br />in fill £oree and effect. <br />3•- 9 <br />
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