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which shall be executed by Vista Del Rio pursuant to Section 5.2.2 in order to secure the Agency Loan Note. "Agency Loan Note" means that certain promissory note in the original principal amount of up to FOUR HUNDRED SIXTY -NINE THOUSAND DOLLARS ($469,000.00) in substantially the form attached hereto as Exhibit F, which shall be executed by Vista Del Rio in favor of Successor Agency to evidence the obligation of Vista Del Rio to repay the Agency Loan. "Area Median Income" and °`AMI" means the median income for the Orange County, California PMSA as most recently determined by HUD. "Authority" means the Santa Ana Housing Authority, a public body, corporate and politic. "Building Permit" means the grading and building permit(s) issued by City and required for the Construction. "Business Day" means any Monday, Tuesday, Wednesday, Thursday or Friday on which Santa Ana City Hall is open to the public for the conduct of City affairs. "Calendar Year" means each consecutive twelve (12) month period from January 1 to December 30. "City" means the City of Santa Ana, California, a charter city and municipal corporation. "City" shall also refer to the Successor Agency where the context dictates, to the effect that Successor Agency shall have all the rights granted to the City hereunder other than the right to receive repayment of the City /HOME Loan. "City/HOME Loan" means a loan in the original principal amount of up to ONE MILLION FIVE HUNDRED THOUSAND DOLLARS ($1,500,000.00) to be made to Vista Del Rio by City from HOME Program funds pursuant to Article 5 of this Agreement. "City/HOME Loan Deed of Trust" means the deed of trust to be recorded against the Property in the Official Records of the County, in substantially the form attached hereto as Exhibit C, which shall be executed by Vista Del Rio pursuant to Section 5.1.2 in order to secure the City/HOME Loan Note. "City/HOME Loan Note" means that certain promissory note in the original principal amount of up to ONE MILLION FIVE HUNDRED THOUSAND DOLLARS ($1,500,000.00) in substantially the form attached hereto as Exhibit D, which shall be executed by Vista Del Rio in favor of City to evidence the obligation of Vista Del Rio to repay the City /HOME Loan. "Close of Escrow" shall mean the date upon which the Deeds of Trust are recorded in the Official Records of the County. "Closing Statement" means the final statement of Vista Del Rio's Escrow account for the purchase of the Property pursuant to the DDA. DOCSOC /1475221 v] 0/200272 -0004