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"Extremely Low Income" means an adjusted income which does not exceed thirty percent (30%) of the area median income for the Orange County, California PMSA, adjusted for household size, as published by HCD in accordance with Sections 50052.5 and 50053 of the Health & Safety Code. "Event of Default" has the meaning set forth in Section 20. 1. "General Partner" means AMCAL Multi -Housing Two LLC, a California limited liability company. "Governmental Authority" means any governmental or quasi -governmental agency, board, bureau, commission, department, court, administrative tribunal or other instrumentality or authority, and any public utility. "Hazardous Materials" means flammable materials, explosives, radioactive materials, hazardous wastes, toxic substances and similar substances and materials, including all substances and materials defined as hazardous or toxic wastes, substances or materials under any applicable law, including without limitation the Resource Conservation and Recovery Act, 42 U.S.C. §§ 6901 et M., and the Comprehensive Environmental Response, Compensation and Liability Act of 1980, 42 U.S.C. §§ 9601, et seq., as amended. Hazardous Material shall not include (i) construction products, household cleaners and office materials of the type and quantity ordinarily used in the normal construction, operation and maintenance of properties similar to the Project or (ii) small amounts of household mold to the extent promptly remediated upon discovery. "Housing Opportunity Ordinance" means the Ordinance originally adopted by the City Council on November 28, 2011 (Ordinance No. NS -2825), and as amended by the City Council on September 1, 2015 (Ordinance No, NS -2881), and on October 6, 2015 (Ordinance No. NS -2885), which is codified in Article XV111.1, Section 41-1900, et seq. of the Santa Ana Municipal Code. "HUD" means the United States Department of Housing and Urban Development and any successors or assigns thereof. "HCD" means the California Department of Housing and Community Development and any successors or assigns thereof. "Improvements" means all improvements and fixtures now and hereafter comprising any portion of the Property, including, without limitation, landscaping, trees and plant materials; and offsite improvements, as required through the City of Santa Ana Planning and Building Agency entitlement process. "Inclusiouary Deed of Trust" means the deed of trust encumbering the Property, in the form attached hereto as Exhibit C, to be executed by Developer pursuant to Section 5.B. t in order to secure the Inclusionary Loan Note. 5 80A-1 1