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Residential Units Assumed No. of Persons in Household for Affordable Rent Calculation Studio 1 One Bedroom 2 Two Bedroom 3 C. "Affordable Tenant Rental Period" means with respect to the Project, the period commencing on the date of issuance of the occupancy permit and ending at the expiration of thirty (30) years. D. "Completion of the Project" shall mean the date on which the certificate of occupancy is issued by City for occupancy in the Project. E. "Density bonus" means the number of dwelling units approved by City for development on the Property which exceeds the number specified in Recital D of this Agreement. F. "Development" means construction or rehabilitation or a combination thereof. G. "Income Certification" means an income certification for very low or lower income tenants in a form set forth in `Exhibit B," attached hereto and incorporated herein by this reference as if set forth in full. H. "Lower -Income Tenant" means persons and families whose income does not exceed eighty percent (80%) of the median income for the area, as computed by the method described in the income certificate and for whom an income certification has been obtained or prepared in accordance with the provisions of this Agreement. For purposes of satisfying the lower-income tenant occupancy requirement set forth above, a unit occupied by a person or family who at the commencement of occupancy qualified as a lower-income tenant shall be treated as occupied by a lower-income tenant throughout their tenancy of such unit. Moreover, a unit occupied by a lower-income tenant shall be deemed, upon the termination of such lower-income tenant's occupancy, to be continuously occupied by a lower-income tenant until reoccupied, other than for a temporary period, at which time the character of the unit shall be redetermined. In no event shall such temporary period exceed thirty-one (3 1) days. The very low and lower income units will be intermingled with all other dwelling units in the Project and shall be of a quality and offer a range of sizes and number of bedrooms comparable to those units which are available to other tenants. Tenants in the very low and lower income units shall have equal access and enjoyment to all common facilities of the Project. I. "Very Low Income Tenant" means persons and families whose income does not exceed fifty (50%) of the median income for the area, as computed by the method described in -3- 60E-7