04 - JOINT PH - Habitat DDA - Laserfiche WebLink

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"Notice" shall mean notice in the form prescribed by Section 601 hereof. "Notice of Affordability" shall mean the document recorded against each of the Parcels pursuant to Section 33334.3(f)(3)(B) of the California Health & Safety Code as amended by AB 987, Chapter 690, Statutes of 2007 (herein, "Chapter 690") substantially in the form of Exhibit G hereto which is incorporated herein. "Outside Date" shall mean the last date a Closing of a Phase shall occur, as set forth in Section 202.4 hereof. "Parcel" shall mean a legal parcel of real property on which a House is constructed or to be constructed and which will be conveyed to a Program Participant along with the House. "Phase" means a group of Sites, and the Houses and other Improvements to be constructed thereon. The three (3) Phases are depicted on the Site Map attached hereto as Exhibit B and listed in the Legal Description of Sites. "Program Participant" (used interchangeably with "Homebuyer") means the selected eligible person or Family who will be purchasing a House. Each Program Participant will be providing not less than five hundred (500) hours of sweat equity toward the development of their House, or any other improvements as may be designated by the Developer. Each Program Participant is to be selected by the Developer as more fully set forth in its Marketing Outreach and Sales Program. "Project" means with respect to each Phase, the predevelopment activities related to the Sites in such Phase, including the acquisition of the Sites by Developer, the construction of the number of Affordable Units assigned to such Phase, the sale thereof to qualified purchasers of the Affordable Units at an Affordable Housing Cost and any other activities undertaken in connection therewith. "Project Budget" means the budget for the project submitted and approved by the Agency, attached hereto and incorporated herein as Exhibit H. "Purchase Price" means, with respect to each Phase, the price to be paid by the Developer to the Agency in consideration for the conveyance of fee title to the Sites included in such Phase. "Release of Construction Covenants" means the document which evidences the Developer's satisfactory completion of the Improvements, as set forth in Section 310 hereof, in substantially the form of Exhibit I hereto which is incorporated herein. "Report" means the preliminary title report, as described in Section 203 hereof. "Schedule of Performance" means the Schedule of Performance attached hereto as Exhibit J and incorporated herein, setting out the dates and/or time periods by which certain obligations set forth in this Agreement must be accomplished. The Schedule of Performance is subject to revision from time to time as mutually agreed upon in writing between the Developer 6 EXHIBIT 4