Laserfiche WebLink
"Units" means the forty (40) for-rent, multi-family residential units (excepting the <br />single manager's unit) in the Project. <br />"Very Low Income" means an adjusted income which does not exceed fifty percent <br />(50%) of the Area Median Income for the Orange County, California PMSA, adjusted for household <br />size, as annually published by HUD. <br />"Vista Del Rio" means Vista Del Rio Housing Partners, L.P., a California limited <br />partnership, and its successors and assigns. <br />"Vista Del Rio's Representative" shall mean the Chief Executive Officer of the <br />General Partner of Vista Del Rio or his/her designee. <br />1.2 Singular and Plural Terms. Any defined term used in the plural in this Agreement <br />or any other Loan Document shall refer to all members of the relevant class and any defined term <br />used in the singular shall refer to any number of the members of the relevant class. <br />1.3 References and Other Terms. Any reference to this Agreement or any Loan <br />Document shall include such document both as originally executed and as it may from time to time <br />be modified. References herein to Articles, Sections and Exhibits shall be construed as references to <br />this Agreement unless a different document is named. References to subparagraphs shall be <br />construed as references to the same Section in which the reference appears. The term "document" is <br />used in its broadest sense and encompasses agreements, certificates, opinions, consents, instruments <br />and other written material of every kind. The terms "including" and "include" mean "including <br />(include) without limitation." <br />1.4 Exhibits Incorporated. All attachments and exhibits to this Agreement, as now <br />existing and as the same may from time to time be modified, are incorporated herein by this <br />reference. <br />2. [RESERVED] <br />3. SCOPE OF WORK/ PROJECT BUDGET <br />A Scope of Work and Project Budget for the Property are attached hereto as Exhibit G. Any <br />material change to the Scope of Worlc and/or Project Budget requested by Vista Del Rio shall be <br />subject to the prior written approval of the Executive Directors. The design and Construction of the <br />Project shall at all times comply with the DDA, the Scope of Development, the Scope of Worlc, the <br />Project Budget, Section 504, the CRL, the HOME Regulations, the Section 8 Requirements, and all <br />applicable Environmental Laws and Governmental Requirements. <br />4. [RESERVED] <br />5. LOANS: <br />5.1 City/HOME Loan <br />5.1.1 Amount and Purpose. Subject to the terms and conditions of this <br />Agreement, City agrees to make a loan of HOME Program funds to Vista Del Rio in the original <br />10 <br />DO C SOC/ 1475221 v5/200272-0004 <br />