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"Certificate of Completion" has the meaning set forth in Article 17. <br />corporation. <br />"City" means the City of Santa Ana, California, a charter city and municipal <br />"City Deed of Trust" means the deed of trust encumbering the Property, in the <br />form attached hereto as Exhibit C, to be executed by Developer pursuant to Section 5.13.2 in <br />order to secure the Loan Note. <br />designee. <br />"City Project Manager" shall mean the Deputy City Manager and his/her <br />"City Promissory Note" means that certain promissory note in the original <br />principal amount of $3,000,000 in the form attached hereto as Exhibit D, and to be executed by <br />Developer in favor of City to evidence the obligation of Developer to repay the City Loan <br />through residual receipts as further described in the Promissory Note. <br />"Close of Escrow" shall mean the date upon which the Loan Agreement and City <br />Deed of Trust is recorded in the Official Records of the County. <br />"Closing Statement" means the final statement of Developer's Escrow account <br />for the purchase and sale of the Property pursuant to the Purchase Contract. <br />"Community Development Block Grant" or "CDBG" has the meaning set <br />forth in Recital "D" above. <br />"County" means the County of Orange, California. <br />"Developer" means Depot at Santiago, LP, a California limited partnership <br />comprised of OHDC Depot, LLC, California limited liability company as managing general <br />partner and C&C Depot, LLC, a California limited liability company, as developer general <br />partner. <br />"Developer's Representative" shall mean the Chief Executive Officer of <br />of the Managing General Partner of Developer or his/her designee. <br />"Escrow" means Escrow No. <br />"Escrow Holder" means First American Title Company, 5 First American Way, <br />Santa Ana, CA 92707. The Escrow Officer is Ryan Hahn. <br />"Extremely Low Income" means an adjusted income which does not exceed <br />thirty percent (30%) of the area median income for the Orange County, California PMSA, <br />adjusted for household size, as published by HUD. <br />1076\01\1333668.1 <br />4 <br />80A-10