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HomeMy WebLinkAbout80A - JOINT PH - TRANSIT ZONING CODE, FINAL EIR, SPECIFIC PLAN ETC. - ORIGINAL PACKET PROVIDED TO COUNCILREQUEST FOR COUNCIL/ , AGENCY ACTION ` MEETING DATE: JUNE 7, 2010 TITLE: JOINT PUBLIC HEARING - FINAL EIR NO. 2006-02; GENERAL PLAN AMENDMENT 2010-01; ZONING ORDINANCE AMENDMENT NO. 2010-01; AMENDMENT APPLICATION NO. 2005-09 (TRANSIT ZONING CODE); DISPOSITION AND DEVELOPMENT AGREEMENT WITH SANTA ANA STATION DISTRICT, LLC AND VARIOUS ACTIONS FOR PROPOSED DEVELOPMENT IN THE S.TAITIO.AMISTRI& ..n CITY MANAGER EXECUTIVE DIRECTOR RECOMMENDED ACTION CITY COUNCIL ACTION CLERK OF COUNCIL USE ONLY: APPROVED ? As Recommended ? As Amended ? Ordinance on 1st Reading ? Ordinance on 2nd Reading ? Implementing Resolution ? Set Public Hearing For CONTINUED TO FILE NUMBER Adopt a resolution certifying that the Final Environmental Impact Report (Final EIR) No. 2006- 02 prepared for the proposed Transit Zoning Code (SD 84A and 8413) and the proposed redevelopment of properties owned by the Community Redevelopment Agency of the City of Santa Ana (Agency) in the Station District has been completed in compliance with the California Environmental Quality Act (CEQA) (Public Resources Code § 21000 et seq.), has been presented to the City Council for review and consideration, and reflects the City of Santa Ana's independent judgment and analysis; adopting the CEQA Findings of Fact and Statement of Overriding Considerations; and adopting the Mitigation Monitoring and Reporting Program (Exhibit A) 2. Adopt a resolution approving General Plan Amendment No. 2010-01 (Exhibit B). 3. Adopt an ordinance approving amendments to various zoning provisions of Santa Ana Municipal Code Chapter 41 (ZOA No. 2010-01) (Exhibit C). 4. Adopt an ordinance approving the creation of Specific Development No. 84, approving rezoning of properties from various zones to Specific Development No. 84, repealing Specific Development No. 30, 37, 47 and 71, and amending the height exemption areas map (AA No. 2005-09) (Exhibit D). 5. Adopt a resolution approving Transit Zoning Code Architectural Style Guidelines and Transit Zoning Code Street Network Concepts (Exhibit E). JT PH CC-CRA Station District Phase I June 7, 2010 Page 2 6. Adopt a resolution making certain findings with respect to the consideration to be received by the Community Redevelopment Agency pursuant to a Disposition and Development Agreement between the Community Redevelopment Agency and Santa Ana Station District, LLC, for the sale of certain real property in the City of Santa Ana and approving the sale of said real property upon the terms and conditions contained in that Agreement (Exhibit F). 7. Direct staff to draft an inclusionary housing ordinance for City Council consideration within the next 120 days, covering the industrial overlay areas identified in the proposed Transit Zoning Code. 8. Direct staff to negotiate a Joint Use Agreement with the Santa Ana Unified School District for Garfield Elementary, including a provision for the development and programming of a community center. 9. Authorize the City Attorney to prepare and City Manager and Clerk of the Council to execute a $25,000 reimbursement agreement with the Santa Ana Unified School District for purposes of engaging an architect to develop conceptual plans in furtherance of developing the project scope for a community center to be located at Garfield Elementary. 10. Direct staff to work with community members/stakeholders to facilitate development of an approximate 1.5 acre park/open space uses in the Station District. 11. Approve the expenditure of funds for a residential loan program in the Lacy Neighborhood with cumulative not to exceed the amount of $100,000 (see Agency item 6). 12. Direct staff to prepare and file a Notice of Determination (NOD) with the County Clerk of the County of Orange in the manner required by law. COMMUNITY REDEVELOPMENT AGENCY ACTION Adopt a resolution adopting CEQA Findings of Fact and a Statement of Overriding Considerations, adopting a Mitigation Monitoring and Reporting Program, and approving a Disposition and Development Agreement with Santa Ana Station District, LLC (Exhibit G). 2. Authorize the Executive Director and Agency General Counsel to execute the attached agreements for the acquisition of real property located at 609 E. 6th Street (APN No. 398-311- 06) from Frank J. Segura and Brendon McGuinness for $230,000; 613 E. 6th Street (APN No. 398-311-07) from Frank Segura and Dolores Segura for $400,000; and 617 E. 6th Street (APN No. 398-311-08) from the Estate of Alice McCallum, Estate of Phyllis Robinson, Estate of Manuel Becerra, Steven Campbell, Frank Segura, Brendon McGuinness, Richard Becerra and Rita Barron for $115,000, for a total amount not to exceed $745,000, plus normal escrow and closing costs, subject to non-substantive changes approved by the Agency Counsel and JT PH CC-CRA Station District Phase I June 7, 2010 Page 3 Executive Director. Authorize the Executive Director to pay real estate brokerage fees to Voit Commercial Brokerage in an amount not to exceed 3% of the purchase price (Exhibit H). 3. Authorize the expenditure of up to $60,000 for cultural/historical markers to be installed in the public right of way within the Station District in collaboration with SACReD. 4. Direct staff to prepare, within 90 days, a Relocation Plan for residents that may be displaced resulting from any applicable Agency acquisitions as it relates to the Station District. 5. Authorize the expenditure of up to $180,000 for down payment assistance to six affordable homebuyers. 6. Direct the Executive Director to establish a targeted residential loan program for the Lacy Neighborhood and authorize the expenditure of up to $100,000, cumulatively from various funding sources. 7. Direct staff to prepare and file a Notice of Determination (NOD) with the County Clerk of the County of Orange, in the manner required by law. DISCUSSION Summary of Planning Commission Action On May 27, 2010, the Planning Commission, during a duly noticed public hearing, voted to make the following recommendations to the City Council: • Adopt a resolution certifying the Environmental Impact Report No. 2006-02 prepared for the proposed Transit Zoning Code (SD 84) and the proposed redevelopment of properties owned by the Community Redevelopment Agency of the City of Santa Ana; adopting the Mitigation Monitoring and Reporting Program, adopting the CEQA Facts, Findings and a Statement of Overriding Considerations. • Adopt a resolution approving General Plan Amendment No. 2010-01. Adopt an ordinance approving amendments to various zoning provisions of Santa Ana Municipal Code Chapter 41 (ZOA No. 2010-01). Adopt an ordinance approving the creation of Specific Development No. 84, approving the rezoning of properties from various zones to Specific Development No. 84, repealing Specific Development No. 30, 37, 47, and 71, and amending the height exemption areas Map (AA No. 2005-09). JT PH CC-CRA Station District Phase I June 7, 2010 Page 4 • Adopt a resolution approving Transit Zoning Code Architectural Style Guidelines and Transit Zoning Code Street Network Concepts. Those members of the Planning Commission voting in favor were Acosta, Alderete, Gartner, Turner and Walker. Commissioner Betancourt abstained and Commissioner Yrarrazaval was absent. The entirety of the items included in the Request for Planning Commission Action are included as an attachment to this report and are incorporated herein by reference. As further described in the attached Request for Planning Commission Action, the proposed Transit Zoning Code is designed to provide the zoning necessary to support the long-term development o a successful transit program, as well as to provide the framework for the redevelopment of properties owned by the Agency in the Station District (the Developer Project), further described below. The attached action item (Exhibit P) also describes the environmental analysis conducted for the Transit Zoning Code and the Developer Project, in compliance with the California Environmental Quality Act (CEQA). Additionally, it describes the proposed amendments to the Land Use Element of the General Plan and Zoning Ordinance Amendment. Following the Planning Commission hearing, staff made modifications to the Transit Zoning Code intended to refine standards. These include reducing the minimum floor height on certain buildings to 9 feet, requiring that units have access to on-site laundry facilities and establishing additional standards for on-site trash service. The referenced changes can be found on page 4:3 of the Transit Zoning Code. In addition, in response to a comment from the Orange County Public Works Agency, the General Plan Land Use Element will be amended to reflect requested updates to its Flood Control provisions. Summary of Developer Project The Community Redevelopment Agency currently owns 49 parcels within the Station District area. These parcels have been acquired on a voluntary basis over a period of years, with the intent of ultimately developing new residential units of varying types and ranges of affordability, in a manner that enhances the Lacy Neighborhood and supports the transit vision for the area. The Agency is also considering the potential acquisition of additional properties within the immediate vicinity of the 49 parcels for the purposes of completing the assemblage of properties, as well as to secure property to provide for additional open space. In April 2009, the Agency issued a Request for Qualifications to solicit development proposals for these parcels (the Developer Project). On August 17, 2009, the Redevelopment Agency selected the team of the Related Companies of California, LLC and Griffin Realty Corporation, a California Corporation (the Developer). The two firms combined have considerable experience in all aspects of real estate development, ranging from market rate and affordable rental and for sale residential development, to high end commercial, retail and office development. Both firms have a proven track record in delivering quality projects on schedule and on budget. In addition, both have had years of experience dealing with complex projects that required considerable public outreach. JT PH CC-CRA Station District Phase I June 7, 2010 Page 5 After an extensive public outreach process (detailed further below) which garnered a great deal of input on community needs and issues, a determination was made to set aside six of the 49 parcels for the possibility of open space uses. The proposed concept for the 43 remaining Agency-owned parcels in the Station District (see Exhibit 1) calls for the construction of approximately 112 rental units and 32 for sale units. Of the 112 rental units, all but two (manager units) will be available to persons at or below 50% of the adjusted median income (AMI); and of those, 20% of the units will be offered to residents at 30% AMI. It should be noted that this amount of affordability exceeds that required by State law, as well as the requirements imposed for state tax credit financing. For comparison purposes, the initial rent for a two bedroom unit at 50% AMI is $918 per month and $576 for 30% AMI; market rate for the Lacy Neighborhood is approximately $1,272 per month. The term of affordability will be for 55 years. Additionally, six of the for sale units will be offered at 120% AMI. The estimated market price for a 3 bedroom home in the Lacy Neighborhood today is approximately $290,000. The 26 market rate homes will be sold between $250,000 and $300,000. The affordable homebuyers (120% AMI) will be provided a $30,000 silent second loan, thus reducing the sales price to the range of $220,000 and $270,000. The first component of the Developer Project would be 74 podium apartment units to be rented to extremely-low and very-low income households. It is anticipated that the 74 unit project (R-1) will be submitted for State tax credit financing in July 2010. If successful in securing the credits, construction will commence in March 2011 and take approximately 24 months to complete. The for sale project is slated to commence construction in early 2011 and be completed within 12 months. Acquisition of Additional Properties As part of this action, the Agency is considering purchase agreements to acquire three properties on the R-1 parcel in order to accomplish the 74 units planned for the site. The owners of the three parcels have agreed to the terms of purchase in the amount of $230,000 (609 E. 6th Street), $400,000 (613 E. 6th Street) and $115,000 for (617 E. 6th Street). Once the Agency/City Council approve the various actions for the project, staff will prepare a relocation plan to address the needs of the tenants residing in the Additional Properties acquisitions as specified in the Agreement, including these properties, as well as applicable parcels under consideration for a proposed park site and present the plan to the Agency at a subsequent meeting. Tenants will be encouraged to remain in the homes until such time as the Agency closes escrow and relocation benefits can be provided. All tenants displaced by this and previous acquisitions in the Station District will be notified upon completion of the new units. Further, at the community's request, the developer is required to give first preference to interested and qualified tenants wishing to return to the new development. The Developer Project, including the acquisition of additional parcels, is addressed and analyzed in the Transit Zoning Code EIR (No. 2006-02). Certification of the EIR, adoption of the CEQA JT PH CC-CRA Station District Phase I June 7, 2010 Page 6 Findings of Fact and Statement of Overriding Considerations, and adoption of the Mitigation Monitoring Report provides the CEQA clearance needed for the Developer Project. Project Financial Overview In accordance with redevelopment law, a Summary of Sale has been prepared by Keyser Marston Associates (Exhibit K), which outlines in detail the financial terms of the proposed transaction. A summary of the terms and conditions contained in the proposed Disposition and Development Agreement (DDA) (Exhibit J) are as follows: • The Agency will convey the fee title to all properties to the Developer for $1.00. • Closings for each component of the Developer Project may occur separately. • There will be three (3) Agency loans to the Developer for R-1 ($10.8 million), R-2 ($4.7 million) and FS ($1.5 million), respectively, in the total amount of $17.07 million. For the rental project, the loan will be repaid from 50% of the residual receipts from the applicable phase. For the for sale project, the loan will be repaid from profit participation based on 25% of sales proceeds generated in excess of development profit. • Included in these loan amounts are required off-site improvements for each respective component totaling $2.5 million. • At the time of building permit issuance, both the city permit fees and the confirmed cost of the required off-site improvements will be determined and the loan amounts will be adjusted accordingly. • $30,000 in assistance will be provided to each qualified homebuyer of the six (6) total affordable for sale units, secured by a deed of trust in favor of the Agency. • The Developer must solicit at least two (2) competitive bids from tax credit investors for each component (R-1 and R-2). • The Developer covenants and agrees to rent the affordable units in R-1 and R-2 to extremely low and very low income households for a period of 55 years. • The Developer covenants and agrees to sale six (6) of the 32 homes at an affordable housing cost. • In addition to the above, the Agency is responsible for delivering the sites free and clear of all structures and to relocate all remaining tenants at its expense. JT PH CC-CRA Station District Phase I June 7, 2010 Page 7 Project Alternatives Considered in the EIR The EIR evaluated six alternatives to the Transit Zoning Code and the Developer Project in EIR Chapter 5 - Alternatives. These alternatives are briefly summarized below. Alternatives 1, 2, and 3 are primarily designed to address alternatives to the Transit Zoning Code as a whole. Alternatives 4, 5, and 6 present alternatives specific to the proposed Developer Project. Alternative 1 (No Project/No Development Alternative): Under this Alternative, the Transit Zoning Code would not be adopted and the City's existing General Plan and zoning designations would continue to guide future growth and development within the Transit Zoning Code project area. Additionally, the proposed Developer Project would not go forward on the Agency-owned properties. Alternative 2 (Overall Reduced Density): This Alternative would reduce the intensity of all anticipated land uses within the Transit Zoning Code area by 25 percent. In general, this alternative would reduce the number of residences, including affordable housing, and reduce employment opportunities as a result of less commercial uses in the area. Alternative 3 (Low-Rise Alternative): This alternative is a low- to mid-rise version of the Transit Zoning Code (SD 84A and SD 84B), which would limit building heights in the Downtown and Transit Village Districts to four stories. Alternative 4 (No Demolition of Agency Properties/Rehabilitate in Place): This alternative would eliminate the demolition of structures on the fourteen Agency-owned parcels within the Station District that are slated for demolition under the proposed Developer Project and instead require that those properties be retained and rehabilitated in their current locations. Additionally, the City/Agency would not acquire any of additional parcels within the Station District. Upon completion of rehabilitation, the rehabilitated houses would be offered for-sale as low or moderate income housing. The proposed Transit Zoning Code would remain the same under this Alternative. Alternative 5 (No Demolition of Agency Properties/Relocate to Agency-Owned Infill Sites/Rehabilitate in Place): This alternative would eliminate the demolition on the fourteen Agency-owned parcels within the Station District that are slated for demolition under the proposed Developer Project, with the exception of the property located at 611 N. Minter Street, which would be demolished. The remaining properties would be rehabilitated in place or moved to vacant lots and rehabilitated. Alternative 6 (Rehabilitate 611 N. Minter Street in Place): This alternative would be identical to the proposed Developer Project, with the exception that the bungalow court located at 611 N. Minter JT PH CC-CRA Station District Phase I June 7, 2010 Page 8 Street would be retained and rehabilitated. Once rehabilitated, the units at 611 N. Minter Street would be offered for rent to very-low and extremely-low income households. As set forth in Section 3.4 of the attached Considerations (Exhibit O), specific economic, adoption of these alternatives infeasible. Findings of Fact and Statement of Overriding legal, social, or other considerations make the Community Outreach There has been extensive community outreach for this project, beginning with the earlier meetings relating to the Renaissance Plan. Specific to the Developer Project, staff began soliciting input from area residents, businesses and other stakeholders in October 2009, following developer selection. The key issues raised by those participating focused on affordable housing, park and open space, and impacts to Garfield Elementary. The Developer and staff then worked together to create a concept plan for further community input. The plan, shown on Exhibit L, called for rental and for sale housing on the scattered sites owned by the Agency, along with a new community center at Garfield Elementary (associated with proposed school renovation project) and an approximate 1.2 acre park west of Lacy, south of 5th Street. It is important to point out that the Santa Ana Unified School District Board graciously agreed to reallocate funding for the proposed school expansion and renovation project as a direct result of being approached by the City regarding the community input received and the City's overall vision for the area. In addition, members of the community participated in a bus tour to view similar projects that the Related Companies of California, LLC has undertaken in an effort to help the area residents visualize the potential for the Agency-owned properties. The community input then was continued via SACReD-Santa Ana Collaborative for Responsible Development. The key representatives include OCCORD, Kennedy Commission, OCCCO, Latino Health Access, and several area residents as lead, along with Friends of Lacy, in relation to preservation of vintage homes in the neighborhood. Staff has continued to keep other residents, businesses and stakeholders apprised of these efforts. SACReD is requesting that the City, Agency and the Developer enter into a legally-binding contract which SACReD refers to as a Community Benefit Agreement (CBA). For reference purposes, the most recent formal list of requests from SACReD is attached (Exhibit M). SACReD has identified five key areas of concern/interest, with specific requests to be met by the Agency and the Developer under the headings of safety, housing, open space, small business assistance and cultural and historic preservation. In response to SACReD's request for a CBA, City staff proposed a Memorandum of Understanding (MOU) with SACReD (Exhibit N) to address their concerns. While agreement was not reached on every single point, the MOU demonstrates that all of SACReD's requests were considered and analyzed for feasibility given the project scope and funding sources. JT PH CC-CRA Station District Phase I June 7, 2010 Page 9 As of the writing of this report, agreement with SACReD with regard to a CBA has not been reached. It is, therefore, recommended that the City/Agency take the actions/directives set forth for various programs and improvements in the Lacy Neighborhood. Specifically, staff recommends that the City/Agency take the following actions to fulfill the requests made by the community: - Direct staff to draft an inclusionary housing ordinance for City Council consideration within the next 120 days, covering the industrial overlay areas identified in the proposed Transit Zoning Code; - Direct staff to negotiate a Joint Use Agreement with the Santa Ana Unified School District (SAUSD) for Garfield Elementary, including the provision of a community center; - Authorize the expenditure of up to $25,000 as reimbursement to SAUSD for purposes of engaging an architect to develop conceptual plans in furtherance of developing the project scope for a community center to be located at Garfield Elementary; - Direct staff to work with community members/stakeholders to facilitate development of an approximate 1.5 acre park/open space uses in the Station District; - Authorize the expenditure of up to $60,000 for cultural/historical markers to be installed in the public right of way within the Station District in collaboration with SACReD; - Direct the Executive Director to establish a targeted residential loan program for the Lacy Neighborhood, and authorizing the expenditure of up to $100,000 for such purposes; and - Direct staff to prepare a Relocation Plan for residents that may be displaced resulting from any additional Agency acquisitions as it relates to the Station District. The Developer has agreed to certain additional requests that will be reflected in the DDA between the Agency and Station District, LLC. These include the provision of space in the R-1 community room for a childcare provider rent-free; public art equal in value to .5% of the rental building permit valuation; and reduced rent for the business operator of the 1,500 square feet of retail space planned for the R-1 parcel. These actions taken as a whole will result in both tangible and social improvements for the Lacy Neighborhood. FISCAL IMPACT Funds for the loan agreements, down payment assistance, historical markers, acquisitions and residential rehabilitation program will be available in various Tax Increment accounts (Nos. 507188330-66220, 50718830-69151, 50718830-66100, 57018830-66220). Funds for the JT PH CC-CRA Station District Phase I June 7, 2010 Page 10 reimbursement agreement and residential rehabilitation program will be in the Community Development Block Grant Accounts (Nos. 13518780-62300 and 13518780-69152). APPROVED AS TO FUNDS AND ACCOUNTS: Trevino Executive Director Planning & Building Agency 4e- lly L r y -Bayle Housing Division Manager Community Development Agency Francisco Gutierrez Executive Director Finance & Management Services Agency CJ N/SLB/SG/J PH/kg Exhibits for Joint Action of the City Council and Community Redevelopment Agency: • Exhibit A - City Council Resolution regarding Final Environmental Impact Report (Final EIR) No. 2006-02 (Council Action #1) • Exhibit B - City Council Resolution approving General Plan Amendment No. 2010-01 (Council Action #2) • Exhibit C - Ordinance approving Zoning Ordinance Amendment No. 2010-01 "ZOA No. 2010- 01" (Council Action #3) • Exhibit D - Ordinance approving Specific Development No. 84; repealing Specific Development No. 30, 37, 47 and 71; and amending the height exemption areas map (AA No. 2005-09) (Council Action #4) • Exhibit E - City Council Resolution approving Transit Zoning Code Architectural Style Guidelines and Transit Zoning Code Street Network Concepts (Council Action #5) • Exhibit F - City Council Resolution making certain findings with respect to the considerations to be received by the Community Redevelopment Agency pursuant to a Disposition and Development Agreement between the Community Redevelopment Agency and Santa Ana Station District, LLC (Council Action #6) • Exhibit G - Community Redevelopment Agency Resolution adopting CEQA Findings of Fact and a Statement of Overriding Considerations, adopting a Mitigation Monitoring and Reporting Program, and approving a Disposition and Development Agreement with Santa Ana Station District, LLC. (CRA Action #1) • Exhibit H - Community Redevelopment Agency Agreements for the acquisition of real property with following: ¦ 609 E. 6th Street (APN No. 398-311-06), Frank J. Segura and Brendon McGuinness ¦ 613 E. 6th Street (APN No. 398-311-07), Frank Segura and Dolores Segura ¦ 617 E. 6th Street (APN No. 398-311-08), Estate of Alice McCallum, Estate of Phyllis Robinson, Estate of Manuel Becerra, Steven Campbell, Frank Segura, Brendon McGuinness, Richard Becerra and Rita Barron (CRA Action #2) • Exhibit I - Proposed Concept for the 43 Agency owned parcels • Exhibit J - Disposition and Development Agreement • Exhibit K - Summary of Sale, prepared by Keyser Marston Associates (AKA Summary Report) • Exhibit L - Concept Plan for further Community Input • Exhibit M - List of Requests from SACRed • Exhibit N - Memorandum of Understanding with SACRed • Exhibit O - Findings of Fact and Statement of Overriding • Exhibit P - Mitigation Monitoring and Reporting Program • Exhibit Q - Planning Commission RFCA (including exhibits): - Exhibit 1 - Transit Zoning Code Vicinity Map - Exhibit 2 - Station District - Exhibit 3 - Existing General Plan Land Use Designation - Exhibit 4 - Existing Zoning - Exhibit 5 - Final Environmental Impact Report (EIR) - Exhibit 6 - Findings of Fact and Statement of Overriding Considerations - Exhibit 7 - Transit Zoning Code, Specific Development No. 84 - Exhibit 8 - Amendments to Land Use Element of the City's General Plan - Exhibit 9 - Amendments to Chapter 41 of the SAMC - Exhibit 10 - Amendments to Height Exemption Map - Exhibit 11 - Amendments to the Sectional District Maps EXHIBIT A RES?LgT??N N?, 20? ?-X? A RES?LUTI?N F THE CITI? COI?NCIL ?F THE CITY ?F SANTA ANA CERTIFYING THE FINAL E111111R?NENTAL IMPACT REPORT N0. ?00?-?? PREPAREq FAR THE PR?P?SED TRANSIT ??N1N CEDE LSD N?. 84} AND THE PR?P?SED REDEIIELPENT ?F PROPERTIES ?UUNEq ?Y THE SANTAANA REDEVEL?PI?ENTAENCY 1N THE STATION DISTRICT, ADPTIN A ITIATIN lONIT?RIN AND REPRTIN PR?RAIUI, AND AD?PTIN CEG?A FINDINGS OF FACT AND A STATEIUIENT?F ?llERRIDIN C?N?DERATI?NS BE lT RESOLVED EY THE CITY COUNCIL ?F THE CITY ?F SANTA ANA AS F?LL?vI?S: Section The City Council of the City of Santa Ana hereby finds, deterrr?ines and declares as follovtrs: A. In cor?pliance v?rith the California Er?vironn?ental Cuality Act {CE?A} Public Resources Code ???? e? eq.? and Title Il!} California Code of Regulations, Section ???? e?. e?? ?CEA uidelines?, the City of Santa Ana has prepared an Environmental Impact Report HEIR} to analyze the environmental impacts of the Transit ?or?ing Code LSD No. ?4} and the redevelopment of parcels o?uned by the Santa Ana Redevelopment Agency ?Aency? in the Station District, vuhich v?ould be developed uwrith a r?aximum of 2?0 residential units by the Agency and the Related Companies of California, LLC ar?d griffin Realty Corporation, a California Corporation the Developer Project}. B. In compliance Frith CEC?A and CE?A guidelines Sections ?0?3 and ??oH?, the City prepared an Initial Study and Notice of Preparation ?N?P} of a Draft EIR, v?rhich vas distributed to the office of Planning end Research, all responsible and trustee agencies, and other interested parties on July ?D, ?go?, C. The City held public scoping meetings on the graft EIR on August ??, 2gQ at the Santa Ana Regional Transportation Center. D, In compliance pith CEQA and CE?A guidelines Section ? ?08?, the City provided public notice of the availability of the graft ElR and sent a notice of completion to the office of Planning and Research on February ?, ?0??, ?rhich began a ?-day public revie period. E? Prior to the close of the public connr?ent period and in response to can?r?ents received during that period, the City amended Draft EIR to evaluate three additional alternatives to the proposed geveloper Project and recirculated a portion of the EIR, including the analysis of ail alternatives ?EIRk Chapter .g, Alternatives} and a financial analysis of the Reso?ut?o? #?o. 20??- proposed Developer Project and the three alternative development scenario HEIR, Appendix J}, for public review for 4 days, thereby extending the public review period until April ? ?, 20? ?. F. The pity conducted two public meetings before the Planning ?on?mission on February 2?, o ? and March ??, ??? ? to allow the public to provide oral testirr?ony on the Draft EIR. The pity has conducted extensive outreach efforts throughout the process of drafting the Transit Zoning bode and in conjunction with the proposal to develop Agency-owned properties} and has worked diligently on an on- going basis with ? coalition of numerous community groups and organizations to obtain input on the proposed development and planning effort. ?. The pity prepared a Final EIRE which includes all comments and recommendations received on the Draft EIR, a fist of persons, organizations, and public agencies comr?er?ting on the Draft EIR, the pity's written responses to significant environrr?ental points raised in the review and consultation process, the Draft ElR and revisions to the Draft EIR. 1. The pity provided written responses to all agencies and r?embers of the public commenting on the Draft ElR at least ten days prior to certification of the EIR. J. The Planning annmision of the pity of Santa Ana Planning orr?r?ission} held a duly noticed Adjourned Regular Meeting on May ?7, 0? 0 to consider recomr?ending to the pity council of Santa Ana certification of Final Environmental impact Report lWo. 2o0?»D; General Plan Amendment No. ??? D-??; Zoning ordinance Amendr?ent No? D? 0- ?? and AmendmentApplication o. ??oa„o for Specific Development No, 84, the Transit Zoning bode. l?, The Planning commission at its May 7, 2o?D Adjourned Regular Meeting considered all testir?ony, written and oral L. The Planning ornn?ission at its May ?7, ?01o Adjourned Regular Meeting recommend that the pity Douncil take the following actions by a vote of fro ?Betancourt abstained, Yrarrazavaf absent}; ? . Adopt a resolution certifying the Final Environmental ln?pact Report 1110. ??o?MO?, prepared for the proposed Transit honing bode LSD No? 84}and the proposed redevelopment of properties owned by the Santa Ana RedevelopmentAgency in the Station District collectively, the Proposed Project}; adopting a Mitigation Monitoring And Reporting Program, adopting the EA Facts, Findings and a Statement ?f Gverriding considerations; and approving the Proposed Project, ?. Adopt a resolution approving General Plan Amendment No. ??? o? ??, Resolution Igo. 20?4? Adopt an ordinance approving amendments to various coning provisions of Santa Ana l?lunicipal Code Chapter ?1 ?Z?A fro. ?. Adop# an ordinance approving the creation of specific ?eveiopn?ent No. ?, approving the re,?aning of properties from various ?or?es to specific Development Na. 4, repealing specific Development No, ?, 7} 47 and ?1, and amending the height exemption areas neap AAA No, 2go?09?. 5. Adopt a resolution approving Transit Zoning Code Architectural style guidelines and Transit Zoning Code street Netv?ork Concepts. llli, The City Council of the City of Santa Ana held a duly noticed public hearing on the above said actions on June ?, ?O?ot and at that tine, considered ail testimony, uuritten and oral, including ail oral ar?d vuritten testimony received at the May 7, ?0? 0 Planning Cornr?ission bearing, ?. The City has prepared Findings of Fact in compliance Frith Public Resources Code ectians ? g8? and ?? 08? ?? and CEC?A guidelines ectian ? ??1 for every significant impact of the Transit Zoning Code LSD Na. ?4? and the Developer Project and for each alternative evaluated in the E?Rt including an explanation of the rationale for each finding. ?. The Transit Zoning Code ?? No. 84? and the developer Project vrill have significant impacts that cannot be mitigated to belo?nr the level of significance. P. The City has prepared a Statement of ?verrlding Considerations in compliance u?rith Public Resources Cade Sections ?10? and CE?A guidelines Section ? D3? v?hich finds That specific econorr?ic, legal, social, technological or other benefits of the Transit Zoning Code ?D No. 84} and the developer Project ou#vueigh the significant and unavoidable impacts identified in the EIR. ?. Thy City has prepared a llllitigation Monitoring and Reporting Program in compliance Frith Public Resources Code Sections ? 08? .? and CEC?A guidelines Section ? ?a97 to ensure campl`rance v?rlth the mitigation measures identified in the ElR during project implementation and operation, ectlor? ?, The City Council of the City of Santa Ana further finds, determines and declares as follov?s: A, The City Council certifies #hat: ?? The Final ElR has been completed ire compliance vuith CEQA. ?} The Final ElR eras presented to the City Council of the City of Santa Ana v?rhich revie?ved and considered the information contained in the Final ElR prior to approving the project, Reso?ut?on Flo. ?Q? D- } The Final EIR reflects the pity of Septa Ana's independent judgr?ent and analysis. ,? ?, The pity council adopts the Findings of Fact and tater?ent of overriding considerations, attached to this Resolution as "Exhibit ." . The pity council adopts the litigation Monitoring and Reporting Program, attached to this Resolution as "Exhibit ?." D. Ali attached documents} including the Iitigatian ?Ilonitoring and Reporting Program, the EA Findings of Fact and the Statement of overriding ?onsiderations? are hereby incorporated by reference as though set forkh in foil. Section ?. Pursuant to Title X11!} California bode of Regulations ??R}, Section 7,??c}?? }, the pity council has determined that, after considering the record as a ?rhole, there is no evidencethetthe Transit Zoning bode ?C? ?o. 84} or the developer Project gill have the potential for any adverse effect on v?ildlife resources or the ecological habitat upon v?hich v?ild[ife resources depond. The Transit Zoning bode {D Na, 84} and the developer Project exist in an urban environment characterized by paved concrete, roadv?ays, surrounding buildings and human activity. Therefore, pursuantto Fish and dame bode ?1 ? ,4?c}?2} and Title XIV, R 7.} the payment of Fish and an?e ?eprtrnent filing foes is not rewired in conjunction Frith this project. Section 4. This Resolution shall tale effect immediatel?r after its adoption b? the pity council, and the clerk of the Council shall attest to and certify the vote adopting this Resolution, ADAPTED this ? day of June, ?D?o. Miguel A. Pulldo Mayor APPROVES AS TC F?R?I: By? Joseph vU. Fletcher Ci#? Attorney Reso[?tio? No. ?0??- AYE: Couneiln?ernber NEE: Counciln?en?ber ATTAIN: Councilmember NCT TRENT: Councilr?en??er CERT1FlCATE ?FATTETATI?N AND ?RIINA?ITY I} IVIAIA D, HUI?AR, Clerk of the Council, do hereby ates# ? and eerfify tie attac?e? ?rdin?nce No. N-? ? be the original ordinance adopted by ??? Cify Council of the City of fan#? Ana on ,,,,,,,,, ,and that said ordinance was published in accordance u?ith the Charter of the City of Santa Ana. Date: Clerk ofthe Council City of Santa Ana Revlut?on N?. ?? ?- ?x?ibitA Refer to Planning om?n?ion RFA, Exhibit . Reol?t??n Na. ?0??- EXHIBIT B RESLUTIN Na. ?D?O- A RES?LUTI?N F THE CITY ?UNIL F THE CITY OF SANTA ANA AMENDING THE LAND USE ELEMENT ?F THE GENERAL PLAN ?F THE CITY ?F SANTA ANA T? CREATE THE URBAN NEIHB?RH??D LAND USE DESINATI?N; CREATE THE TRANSIT IIILLAE MAJOR DEVELOPMENT AREA} EXPAND THE DaU111TU1lN DISTIT CENTER; ELIMINATE THE RESIDENTIAL11NDl?STRIAL LAND ICE DES?NATION} UPDATE THE DEMORAPI-III AND DNVERT THE GENERAL PLAN TO A DiOITAL FORMAT 11UITH A COMMON TABLE OF CONTENTS AND PAGINATION SYSTEM {OPA NO, ?a?ay0?} BE IT RESOLVED BY TIME CITY ?OUNIL OF THE CITY OF SANTA ANA AS FOLLOWS: Section ?, The pity council of the pity of Santa Ana I?ere?y finds, determines and declares as follov?rs: A. On May ??, 2g? 0, the Planning ommisian held a del noticed public hearing, and by a vote of :g ?Betancourt abstained, Yrarrazaval absent} vated to recomr?end that the pity council: Adopt a resolution certifying the Final Env[ronrnental Impact Repart Na. ?DO?-D? prepared far the proposed Transit Zoning bode {SD ??A and S4B? and the proposed redevelopment of properties a?rned by the Santa Ana Redevelopment Agency in the Station Dis#rict ?col?ectively, the Proposed Projec#}; adapting the Mitigation Mvnltoring and Reporting Program, adapting the E? Facts, Findings and a Statement of Overriding ?onsideration? and approving the Proposed Project. ?. Adapt a resalution appraving general Dian Amendment No. O?a- a?. ?. Adapt an ordinance approving amendments tv various coning provisions of Santa Ana Municipal bode chapter 4 ?zA No. ?a ? g-0 ? }. 4. Adopt an ardinance appraving the creatian of Specific Development No. 84, approving the rezoning of praperties from various pones to Specific Development No. 84? repealing Specific Development No. ??. ?? R?o???fan No. 2??????? Page ? ?f a, 7, 4?' and 7?, and amending the height exemptian areas map AAA l'Vo. ?gD-g}. Adopt a resolution approving Transit caning bode Architectural style Guidelines and `transit zoning Code street Network concepts. B. The pity council of the pity of Santa Aria held a duly natied pubiic hearing on the above Bald actions for the `transit 2aning bode specific ?eveloprr?ent District LSD-S?} an June ?, ??? a, and at that time considered all testir?ony, written and oral. ?, General Plan Arnendn?ent No. ?D? D-g? has been filed with the pity of Santa Ana to: ?, . Modify the Land Use Eler?ent as follows: a. Creation of the Urban Illeighbarhoad Land Use Designation, with an intensity standard ranging frorr? a Floor Area Ratio AFAR} from g.? to ? ., which will allow far a rix of residential uses and housing types. ?. reatio? of the Trar?sitllillage n?ajordeveloprnent area with a FAR of ?,a. c. Expansion of the Downtown District Denterta a FAR ?D, d. Expansion of the District tenter land use designation to an additional ?8.7? acres, e. Elimination of the Residentialllndustrial land use designation. f. Update the demographic characteristics, land use, ecor?or?ic and infrastructure to reflect current status of the pity. 2. anvert the paper General Plan to a digital format and to include a common table of contents and pagination system The council finds that General Plan An?endrnent Ala. 2a'l a-g? is consistent with the General Plan, including but not limited to its policies and goals of: 1. Prar?ote the balance of land uses to aafdress basic camrunity needs, Land Use Elerraent Goal No. .0. 2. Promote medium density housing in and around the downtown area. Land Use Element Policy ? . ? . . support high density residential development within the pity's District renters as a part of a mixed use development, Land Use Eler?ent Policy ? .?. ?. 4. support "livelwork" opportunities within specifically defined areas, Land Use Element Policy ? .?. ?, Promote land uses which enhance the City's economic and fiscai viability. Land Use Eler?ent Goa! hfa. ?.0, Re?o??t?an ?o. ??0????? Page ? of ?. support cor?n?ercial land uses inadequate amounts to accommodate the City's needs for goods and services. Land Use Eler?rent Policy ,?. 7, support pedestrian access bet?een commercial uses and residers#ial neighborhoods Which are in close proximity, Land Use Element Poiicy 2,?, 8. Encourage the crew#ion of near er?ployn?ent opportunities in developments vuhich are compatible vuith surrounding land uses and provide a net cor?munity benefit. Land Use Element Policy ?,?, ?, support projects that contribute to the redevelopment and revitalisation of the central city urban areas, Land Use Policy No. ?,7. ? 0. support developments that crewte a business environment that is safe and at#rctive, Land Use Element Policy hlo. .9. ? ? . Protect and enhance development sites and districts Which are unique cor?muni#y assets that enhance the quality of life. Land Use Element Coal No. 4,g. ? ?, uppor# land uses vuhich provide community and regional economic and service benefits. Land Use Element Policy ?la? ?., ? . Encourage the development of projects ?uhich promote the City's image as a regional activity venter, Land Use Element Policy No. ???, ? ?, Encourage developrent of employment centers and mixed use projects ?rithin targeted areas adjacent to major arterial roadvuay, transit and freevuay corridors. Land Use Elennent Policy No. 4.5. ? , Improve the physical appearance of the City through development of districts that project a sense of place, positive community image, and quality development, Urban Design Element foal ? ,?, E. The Council finds that the City's general plan is designed} a it must be, to accommodate a vuide range of competing interests -including those of developers} neighborhoods and hor?eoners, prospective homebuyers? environmentalists, current and prospective business o?uners, jobseelcer, taxpayers, and providers and recipients of all types of city?provided services s and to present a clear and comprehensive set of principles to guide development decisions. The City}s general plan sets forth these guiding principles. Cnce in place, it is the province of this Council to examine the specifics of a praposed project to determine vuhether it?rould be in harmony pith the policies stated in the general plnR F. The City Council has vueighed and balanced the general plan€s policies, both near and old, and has determined that based upon this balancing that the Transit honing Cod a is consistent v?ith the purpose of the general plan, Resolution f??. X004-??? Page 3 of G Final Environmental ln?pact Repor# No. ?00?-D? prepared for the proposed Transit caning Cade LSD 84A and 8?4B? anal the praposed redevelopment of properties a?rned by the Santa Ana Redevelapnnent Agency in the Station District ?col[ectiely, the Praposed Praject?; the Mitigation onitarin and Reporting Program, the CE?A Facts, Findings and a Statement of overriding Considerations which carne before the City Council on June ?, 2g'lg, and vas approved and adopted by resolutian. t the June ?, 2g? D meeting, the City Cauncil also adapted an ordinance approving ar?endr?ent to various zoning provisions of Santa Ana Municipal Code Chapter 4 ?ZCA ?o, ?0? a-a? }; an ordinance approving the creation of Specific Development ?Vo, 5?4, the rezoning of proprkies frorr? various zones to Specific Development Ala. ?4, repealing Specific Deveiopr?ent h?o. fig, 7, 47 and 71, and amending the height exemption areas reap AAA No. 00-Og}; and a resolution approving Transit Zoning Cade Architecture[ Style guidelines and Transit Zoning Cade Street Network Concepts. This resolution incarparates b reference, as though fully set forth herein, the ordinances and resolution and said Finai Environmental lrr?pact deport, Mitigation Monitoring Program, and Stater?ent of overriding Considerations} and all of their respective facts, findings and conclusions in support of this resolution and the findings rude herein. Section The City Council hereby, approves general Plan An?endn?ent No. g? 0-g? , The Land Lase Elerent is attached hereto as E?chibit A and is attached hereto and incorporated herein by this reference as though fully set forth. Section The Clerk of the Council shall attest to and certify the vote adopting this Resolution. Section ?. This Resalutian shall take effect thirty fig} days after its daptian by the City Council; provided ho?rever, that if ordinance [?o. N» , ar ordinance No. NS-are far any reason held to be invalid or unconstitutional by the decision of any court of competent jurisdiction, or athervuise do not go into effect far eny reason, then this resolution shall be null and void and have no furtherforce and effect. ADAPTED this day of , ?D?O. Miguel A. Pulido Mayor Reo??t?on No. ??0?-0?? Page ? o?? APP?EDA T? FRIG; ....................... Josep}? UV. Fletcher, pity Attorney A?E? ounoilr?eber NaE ouncilmembers A?TAiN; aunoiin?eber NAT PRESENT: our?cilmer?ber CERTIFICATE ?F ATTETATi?N AND ?RIlNALITY I, MARIA D. »L???AR? lerl? of the ounci?? do hereby attest to and ?ert?fy the attached Resal?xon Na? 2aa» tv be the ori?ir?al resolution adopted by the ?it?r o?n?il of the pity ofnta Ana on Date: clerk of the auncr? pity of Santa Aria ?esolut?on Nv. 2???4??? gage ? ?f 6 ???er to Planning Ca?nn?iion Ri''?A? ?xbibi? 8. Reolut?on ?Vo. ?D04???? Page G of EXHIBIT C ORDINANCE N0, N-?Sg AN ORDINANCE ?F THE 1TY COUNCIL OF THE CITY OF SANTA ANA AIENDIN CHAPTER ?? ?F THE SANTA ANA II?UNICIPAL CODE REGARDING TIME LI?1T FaR SPECIFIC DEVELGPIENT PLAN, IGDIFICATIGN aF THE APPRGIIAL CF 011ERLAY ZGNE SITE PLAN, N?NCGNFGRI?IN USE, AND REPEALING THE C AND -A 2GN>? ??aA ?a10»0?} THE CITY COUNCIL GF THE CITY GF SANTA ANA DOES ORDAIN A FGLLGVI?; ?t4. section The City Council of the City of Santa Ana hereby finds, deternnine and declares as follo?us: A? The changes to the caning code are to facilitate the creation of the specific Development No. 84, The Transit honing Cade. The changes inciu?e the repeal the C3 and COMA zones, and changes to the tine limits for specific development plans, n?adification of the approval process far overlay zone site plans, and a nonconforming code dean up. P, ?n May 2?, ?a? g, the Planning Cor?n?ission held a duly noticed public hearing, anal by a vote of ?.D ?Betancourt abstained, Yrarrazavai absent} voted to reconnr?end that the City Council. ? . Adapt a resolution certifying the Final Environrr?ental Impact Report Na. g0-02 prepared for the proposed Transit honing Code ?? ?4A and 848 and the proposed redevelopment of properties o?vned by the Santa Ana Redevelopment Agency in the station District collectively, the Proposed Pro?ect?; adapting the Il?itigation Monitoring and Reporting Program, adopting the ESA Facts} Findings and a statement of Gverriding Considerations; and approving the Proposed Pro?ect? ?. Adapt a resal?tian appraving General Plan Amendment Na. a?D- 01, Adapt an ordinance appraving amendments to various coning provisions of Santa Ana Municipal Carla Chapter 4? ??OA No. 2a ? a-g ? }, ?? Adapt an ordinance appraving the creation of specific Development No. 84, approving the rezoning of properties from various zones to specific Development Na. 84, repealing specific Development No? ?rdinan?e Na. N-? Page ? of ? G o, 1, ?? and ? , and amending the height exer?ption areas neap AAA No. X005-09}, ?, Adopt a resolution approving Transit Zoning Code Architectural Style Guidelines and Transit Zoning Code Street ?let?rork Concepts . The City Council of the City of Santa Ana held ? duly noticed public hearing on the above said actions for the Transit Zoning Code Specific Develapn?ent district ?SD,84? an June 7', ?g? g, and at that tine considered ?[[ testinnony, ?rritten and oral. ?. At the duly noticed public hold on Juno 1, 0? 0, the City Council, by resolution, cerkified the Final Environmental Impact Report {Fins[ ElR} No. ??g-0? prepared for the proposed Transit Zoning Code {D ?A and 84P} and the proposed redeve[apn?ent of properties oned by the Santa Ana Redevelapr?ent Agency in the Station district; eras completed in compliance Frith the California Environmental ?ua[ity Act ?cE?A} ?Pub[ic Resources Code ? ??D?g of set,}} vas presented to the City Council for revie?r and consideration, and reflects the City of Santa Ana's independent judgment and analysis; adopted the CEC?A Findings of Fact and Statement of overriding Considerations; and adopted the Mitigation ?Ilonitoring and Reporting Program. At the June 7, ?D? g r?eeting, the City Council also adopted a resolution approving General Plan Amendment No. 20? 0-0 ; an ordinance approving the creation of Specific Development Na? ?, the rezoning of properties from various zones to Specific eve[oprr?ent [?o. 84, repealing Specific development [?o, 0, ?, 4? and 7?, and amending the height exerr?ptivn areas neap AAA Na. ?go?-g}; and a resolution approving Transit Zoning Code Architectural Style Guidelines and Transit Zoning Cade Street etvuork Concepts. This ordinance incorporates by reference, as though fully set forth herein, the ordinance and resolutions and said Final Environmental Impact Report, IU?itigation Monitoring and Reporting Program, CEQA Findings of Fact and Statement of Gverriding Considerations, and all of their respective facts, findings and conclusions in support ofthis ordinance and the findings made herein, Section ?. Section ??-?? is hereby amended to read as follavus ?nevu language shorn in bold, deleted language shorn in strikeout for tracking purposes only}: Sec. ??-??. accessory st?uc?u?e o? uildin. An accessory structure or building is a detached building or structure, part k of building or structure that i incidental or subordinate to the main building, structure or use on the sane lot or parcel of land, v?ithout soaking facilities and is used exclusively bythe occupant of the vain building. ?r?inance No. NS-X Page ? of ? 6 Section ?. Section ?? ?? S4 is hereby amended to read as follov?s ?nevu iango?e shorn in boil, deleted language sha?rn in strikeout far tracl?ing purposes only}: dec. ????84y Dit??c? es?a?iis?ed. In orderto carry out the purpose and provisions o?this chapter, the city is divided into the fallovuing districts; A? -- general agricultural ?i -- Residential-estate R? -,Single-farnily residence R --Limited r?ultiple-?ar?ily residence R ?? Medium-density rr?ultipl?far?ily residence R? --Suburban apartment P »? l?rafessional -- government center ?? -- ar?rnunity cor?r?ercial ??-IUID-or?r?unity comn?ercial??useur? District ? ?- general commercial 4 -- Manned slopping center -- Arterial camn?ercial ? --Dommercial residential M ,» Light industrial -- Heavy industrial -Sl?ll ?? South Main Street cornn?ercial d istrict ? -- open space ?r??nance N4? NS?? gage 3 of ? ? TV M» TransltVillage ?T -- Downtown U -y Urban Center CDR -- orridar UN-2 ?? Urban f?eihborhood ? U??? --Urban Ilieighborhood ? ? -? pe?ific psin ?? D -- pecific??deveiopn?ent ?? Military aperations ?? -??verlay gone section 4F section 4???g5. ? hereby amended to read as fallaws deleted language shown in strikeout far tracking purposes anly}: oc? 4? -? 9?.a. Temporary out?oar activities. Notwithstanding any other provision of this chapter, the following activities nay be conducted in any ?, ?-hIiDF ??, 4, , llll?, M2, C, P, D with can?mercial use, ar P with camr?ercial use district and are not required to be carried an within an enclosed building, provided they are carried on in accordance with the limitations hereinafter setforth, and provided a land use certificate is first obtained in accordance with sections ?4?MG75 through 4?-7?: ?a} Bazaars, fiestas and fund-raising events, provided the activities do not occur on the sane lot more frequently than six ?G} days in any ane- year period, do not continue on the sane lotfor r?ore than three ?} successive da?r, do not begin earlier than ?g:00 a,m, and do not continue past ?g:Dg p,m. Monday through Saturday and do not begin earlierthn ? ?:gg ,m, and do not cantinue past 9:Og p,mr on Bunday, Pravided, however, activities in the D? district and museum and science center activities in the 1-IUI? district, nay not occur mare frequently than ane {?} time per r?onth€ do not continue on the same !ot for mare than three ?? successive days and are not held mare than twelve ?? ?}times per gear, ?b? ?un?n?age sales, promotional events, sidewalk or parking Iot sales, and ternparary sales booths, provided the activities do not occur an the ?rdinnc? Na. N?? gage 4 of ?6 sane lot more frequentlythan six {} days in any one-year period and do not continue on the ? lot for more than two {?} successive days {c} Mobile library, rr?edical and veterinary units, provided activities are not conducted on the same lot for more than six ??} days in any one-year period, do not begin earlier than 8:a0 a.rn,, and do not continue past ?:oD p. r?. {d} outdoor auctions, provided that activities are not conducted on the same lot more frequentlythan four {?} days in any one-year period, do not begin earlierthan ?:00 a.m., and do not continue past ?;oo p.nn. {e} seasonal activities far uses such as, but not limited to, fireu?orks stands, pumpkin lots and hristrnas tree lots, provided that pumpkin lots do nvt set up mare than thirty {?o} days prior to Hallov?een and are rerr?oved ?rithin one {? }day after Hallv?veen, Christmas tree cats do not set up r?ore than thirty {fig}days prior to Christmas and are removed ?rithin one {? }day after hristr?as and fire?rorks stands are in compliance ?vith hapte? ? 4, Article ll of this fade. {f} a?nivals, circuses, radio or d.j. remotes and outdoor music concerks, provided the fallo?ing conditions are met; {?} The activity is not conducted on the sane lot for rr?ore than five {?? successive days in any one,year period and may not occur mare than five {5? days in any one-year period, {?} Hours of activities shall not begin earlierthan o;g0 a.r?. and do not continue past ? ? :gg p?ma Monday through Saturday and do not begin earlier than ? :go a.rn. and do not continue past 9:gD p+mf on Sunday. {?} ?ff?street parking shall be provided in the runner prescribed in Article ?V ofthe Santa Ana Municipal bode. {?4} n-site circulation shall be maintained in a n?anr?er that vuill assure efficient internal panting lot circulation. Also, lots shall assure that vehicles need not exit on the street then re-enter the lot to f ind another parking space. t {} Na equipment and?ar rides ray be located on the lot of such activityfor mare than forty»eiht {4S} hours prior to opening day. {} All equipment and rides used far such activity must be removed v?rithin tvuenty-faur {??} hours of closing, day of activity. {7} Noise sources associated v?ith construction, dismantling of equipment, deliveries and rides, shall be permitted provided said activities do not take place betr?een the hours of ?;OO p.m, and ?:go a.m. on ?reekdays, Saturday or Sunday. {8} A o?foot setback clear af, but nvt limited to, equipment, booths} stages and rides shall be maintained at all times along any property line abutting residential uses. {9} The activity is subject to cancellation or additional conditions if conducted in a manner detrimentai to the health} safety, or Welfare ?rd?nance No. N-X gage ? of 1 of the comaunity as determined by authorised City of Santa Ana representatives including police, fire, public corks, ar davunta?rn development. fig} Activities approved Frith alcohol sale andlor consurrrptiorr shall obtain the appropriate license fror? t#?e State Department of Alcoholic Beverage Control ?"ABC"} and gill be subject to the fo[la?ring: ?? } All cooking: equipment ?gri[Is, barbecues, etc.} rr?ust be turned off one-half ? ? 12? hour before the activity closure each evening, ??} The sale, service and consumption of alcohol shall occur only ?vithin ? fenced?in area. This area shall be designated u?ith appropriate signage identifying it a such end shall he approved by the police department. ?} The applicant shall ensure that security personnel are on duty at a[I times and monitoring the fenced-in area designated far the sale, service anal cansurnptian of alcohol. Security personnel shall prevent people frorr? carrying alcoholic beverages outside the ??? designated area noted in 41 ?? 9?,?g???}. ?4? Advertising v?rhich indicates the availability of alcoholic beverages shall be pasted at the paint of beverage dispensing only. ??} Alcoholic beverages shall be served indistinctive cups, ?uhich are different fror? those used far non-alcoholic beverages ?} No nnare than t?ra ?Z} cups containing alcoholic beverages ray be sold to a custorr?er at a time. AI[ alcoholic beverages shall be sold in paper or plastic cups and not in their original glass ar rr?eta[ containers, {?? The server is prohibited from selling alcoholic beverages to an obviously intoxicated person. {?} The server is prohibited frorr? consuming alcoholic beverages, fig} The s[e? service and consumption of alcoholic beverages shall cease one ?? }hour prior the end of the activity ?h? All temporary outdoor activities shall be subject to the fo[[ovuing: ?? ? The applicant rnust provide a minir?um number of state licensed, uniforr?ed security guards far each day of the activity. This minimum nurr?ber is to be determined by the chief of police or his vuthori?ed representative during the application process. These guards shall be present from the opening of the activity until closing and al[ persons have vacated the grounds. Under special circumstances city police officers maybe required in addition to the security guards, The applicar?tv`rill bear the cast of the police officers. ?2} Security guards rust carry a cellular phone. ?} All personnel serving as security guards must rear attire such as a jacket, shirt, vest, etc., that clearly identifies therr? as security. ??? A[[ security personnel shall have equipment enabling tiro-gray camr?uniction ?vith other security personnel, ordinance Na, N-XX7? Page of ? ? ??' ?} The applicant shall be required to pay for any additional police services that nay result fror? the activity. ?? Noise levels generated by the activity must remain under specified .?. . ?. levels, ?7} The sale of tickets must cease thirty ???? minutes prior to the closure of the activity daily. Section ?, section ? ? -? 98.?0o i hereby amended to read a follows deleted language shown in strikeout for tracking purposes only; Sec 4? -? 9Sr0?. yber ca?e? Notwithstanding any other provisions of this chapter, cyber cafes maybe conducted in any ??, 4, and ? pones, provided they are carried on in accordance with the lir?itations hereinafter setforkh, and provided a r?inisterial land use certificate is first obtained in accordance with sections 4?„?7 through ??-?7? of this bode. yber cafes shall not be perr?itted in a special districts or a specific plan unless explicitly set forth as a permissible use. section Section 4?-fig is hereby amended to read as foClows deleted Language shown in strikeout for tracking purposes only}? Sec ?? ?? 9. Lund?amat? Laundromats maybe permitted in the ?, 2? q? and districts subject to the issuance of a conditional use permit. ?.aundron?ats are not perr?itted in any other use district, ?.aundromats shall connply with the following development and performance standards. ?a? [Minors sunder eighteen ?? 8} years of age} shall not be permitted to enter or renr?ain in a cyber cafe during the following periods unless ?`? accompanied by a parent or legal guardian; ?} Between 8:0o a?m, and :oo p.m., or after X0;00 p.r?. on Monday through Friday of each week; ??} Saturday and Sunday after o:oo p.rn, ?} The above weekday daytime hours of restriction shall not apply to vacation days or school holidays as established by any public school district or private school, kindergarten through twelfth grade, operating within the pity. ?4} Notice of these hours of restriction for minors shall be posted at the entrance in lettering of at least two ??? inches in sire. fib} The cyber cafe shall not be open to customers, patrons or any member of the public between the hours of ??:00 a.rn. to 7.00 a.m. ?dinance No. N-? Page7of?? {?? "No loitering" signs shall be posted attf?e front and rear of the business. In additions a waiting area with not less than eight ?? seats shall be provided for customers waiting to use ? computer. ?lo?outide waiting oreating area is permitted. {d} No person shall be perr?itted to consume alcohol on the premises. {e} employees shall be at least twenty-one {?}years of age. There shall be a rninir?urn of one {? ? employee managing the cyber cafe during all working hours. [f the business has more than thirty fig} computers, the business is required to add one additional employee for every additional thirty ?o} carnputers, or portion #hereof} and for every thirty {fig} computers thereafter, or any portion thereof, during each employee's working hours, the er?ployee shall wear a badge identifying the business and the employee's full narrte? {f? occupancy shall not exceed that required under the uniform building oc[e and uniform fire code, and the rnaxirr?um occupancy load shall be posted at the main entrance. fig} The establishment shall rr?aintain and operate a can?eralvideo surveillance system with recording capability during all business hours, The system shall coverthe entire interior ofthe premises and a[1 entrances to and exits from the establishment. The carneralvideo surveillance system shall be capable of delineating on playback of the -system the activity and physical features of persons or areas vuithin the pren??ses. {? } Tapesldisks shall be kept a minimum of seventy»two ??} hours. ?} The business owner shall permit the city to inspect the tapesldisks during business hours. The system shall be maintained in good working order, including the running ofthe tapeldisks. {?} A sign shall be posted inside and at the entrance to the establishment indicating that the premises are under camera?video surveillance, ?h} The business owner shall submit and receive approval of a fire exit plan from the cityrs fire department. The plan shall address all existing requirements of the uniform building code and uniform fire code. This includes, but is not limited to, providing an exiting plan shouving equipment location, aisle locations and dimensioned widths, and having approved exit doors and panic hardware. ?i} Any adult entertainment business is prohibited unless specifically approved pursuant to the requiren?er?ts of Chapter 4? , Arkicle X1ll l of this code, ?1? vllindow areas shall not be covered or made opaaiue in any way. All windows and entrances must be unobstructed at al[ tines so as to alloy an unimpaired line of sight by police officer. ?k} The business operator, at hislher expense shall provide a California licensed uniform security guard on the premises Monday through Friday ordinance Nv. N»?X Page 8 of 1? bet?reen 4.00 p.m. and closing, and Saturday through Sunday between ??.g0 p.n?, and closing ?? } The chief of police is authorized to require a specific o?unerloperator to provide a security guard?sy on the premises at other hours of the day in the event that there are significant calls for service relating to assaults, gang related activity, weapons offenses, disturbances, and juvenile related crime, including truancy, or other good cause. ??} Any decision of the chief of police nay be appealed to the city council, Any appeal shall be rude within ten ?? 0? calendar days following the date of the decision by the chief of police. Further, such appeal period shall end at ?.g0 p.m. on the tenth calendar day follov?ring such date of the ?rritten decision by the chief of police. If such tenth calendar day ends on a Saturday, Sunday or holiday, the ten?day period shall end t x:00 p.m. on the next regular business day, ?} All appeals shall be in ?rriting and on forms provided by the planning department and shall specify?uherein there vas any error of decision or re?uirennent by the chief of police. Furthermore, a copy of such appeal shall be filed ?uith the planning departr?ent and the clerk of the council. ?4? l?pon receipt of such appeal, the planning department shall set the matter for hearing by the city council. ??} The city council rny, after public hearing, affirm, reverse, change, or modify the original decision and nay n?slCe any additions[ determination it shall consider appropriate ?vithin the limitations imposed by this chapter. Such decision shall be filed vuith the clerk of the council, and the planning department} one ?? ? copy thereof shall be sent to the applicant. ?I? sighting levels on the premises ?vithin sixty ??0}feet of the use grid in all required parking areas shall be maintained at a minin?urn ? footcand[e of light. Interior lighting shall be st maintained at a rninirnum ofthirty ??g} footcandles of [fight, ?m? No exterior pay phones shall be permitted, ?r?} No pool tables or other amusement devices not directly related to [nternet computerdevices shall be permitted, ?o? No gaming tournarents for cash prizes shall be permitted. Section ?. Section 4? -? 9. ? is hereby amended to read as follows deleted language shov?n in strikeoutfortracking purposes only}: Sec, 4? -? 99th , ?anque? fac?iitiet ?rd?nance No. N-??? gage of ? 5 Banquet facilities maybe permitted in the ?, ?? , ? -I?1D, ??, ?? ??, } ? zoning districts and in any specific plan or specific development zoning district v?herever restaurants and eating establishmen# are permitted, as a primary and ancillary use3 subject to the issuance of a conditional use permit. Banquet facilities may be permitted in the M ? and IUl2 zoning districts as an ancillary use to restaurants and eating estal?lishrnents, subject to the issuance of a conditional use perr?it, Banquet facilities shall corplyv?ith the follo?ving development and operational standards: ?a? All banquet facilities require a kitchen facility, including but not limited to, an oven, stove, refrigeration, freezer, exhaust hood, grease receptor, cutting and preparation areas, dish?rashin area or machine, employee sink and rncp, and appropriate counterlservicefocilities. fib} All banquet facilities require sanitation facilities in compliance ?vith the California Building bode building standards. ?c} Ul?heneverthere is entertainn?entvuith or ?rithout alcohol, the banquet facility shall provide a uniformed state licensed security guard, as approved by the chief of police, at the rate of one ??} guardlone hundred ?? oo} attendees, pith a minimum of one ? }security guard, or other security measures as approved by the chief of police. The guards shall be present until all attendees have left the premises, {d} All banquet facilities shall provide exterior lighting in compliance v?rith police department requirerr?ents. As used herein, a banquet facility is a facility available far rental and used for the purpose of meetings} parties, cerer?oniou gatherings} dining or entertainment. Forthe purposes of this definition, the term rental shall mean to obtain the possession and use of a facility, or a portion of a facility, on a short term, hourly or daily basis ?rhere occupancy is closed to the general public in exchange for monetary or otherform of cor?pensation, section ?. Article Ill. division ?? is hereby repealed in its entirety. Section g. Article II 1. division 1 ?, is hereby repealed in its entirety. Section 10, section 4?-?g.8 is hereby amended to read as follov?s ?nev? language shouvn in bold}; ?c. 4?^5??.8 specific developn?e?nt plan approval #im? ?ir?i# and extensivn? The specific development pion shall not be deemed valid until all ofthe conditions as approved by the zoning administrator, planning commission, or city council have been complied Frith and released by the planning manager. The specific development pion approved in accordance vuith the procedures and considerations as provided in this division shall automatically become void after ordinance No. NMCi? Page ?0 0? ?? one {? ? year from the effective date of such approval ?uhen the o?rner fans to institute an action to erect, build, alter, move or r?aintain the use of the property as specified in the terms and conditions of the specific deve[opr?ent plan. i•io?rever, at the initial hearing of the zoning administrator, planning commission or city council ray provide, ?}? appropriate conditional approval, for extensions of time beyond t[?e tVVO-year period, ?urkhermore, the city council by may, by resolutions, extend the date on ?uhich a specific development plan becomes void for a period or periods not exceeding three ?} years in total beyond the date it uvould otherv?[se become void, section ??. section 4??.? is hereby amended to read as follows ?ne?r language shorn in bail, deleted language shorn in stri?Ceout fortracking purposes only}: Geo. ????5.?. Uses perrnit?ed and development standards "??'? suffix, vllhen the "??" symbol [ applied a a suffix in combination r?ith the district symbol, the overlay zone regulations are intended to apply only to those proposed uses vuhich are permitted or conditionally permitted in the overlay zone to ?rhih the suffix is corr?bined, In any case ?rhere the development project does not choose to adhere to the overlay gone, the standards and regulations of the underlying zoning district shall app[y? section ?. section 4??5?, is hereby amended to read as fo[lovus ?ne?r language shorn in bold}; Leo, 4? -?,. App?ova! of ??rerlay gone site plans. No permit for a building or structure shall be issued far any property subject to the provisions of this division until the follo?ring requirements have been net: day If the property is ?rithin a zoning district classification combined v?rith an ? suff ix and the applicant grants to apply the overlaytti.zone, the applicant must obtain for said property an overlay zone sits plan revie?r permitting use of the property in accordance ?vith an overlay zone plan. {? } laid site plan revie?u permit shall be approved, conditionally approved, or denied by the Planning Commission in accordance Frith the provisions of article V of this chapterapplicable to a conditional use permit. ??? After the City Council has connpleted the revievr of the ?uritten finding of fact of the planning comrr?ission pursuant to section 4?» ???, the property shall be subjectto the standards and regulations of the overlay zone and any overlay gone site plan revi?u conditions of approval. ordinance I?v? ?-??C Page ? of ?? ?} All alevelopment shall b in compliance ?vith al[ conditions of approval priorto issuance ofa utility release bythe executive director of the planning and building agency. ?4} ?1pon the issuance of the utility release or the certificate of occupancy, ?rhichever comes first, the Executive Director of Planning and Building shall amend the sectional district neap to reflect the overlay zone as the sole zone on the property. fib} [f the property i v?rithin an ? district, the overlay zone plan rust be adopted by ordinance of the city. Such ordinance, in addition to adopting the overlay zone site plan shall specifythe uses permitted on such property, together?vith any restrictions or conditions perkaining #o such uses. ?c} [f an overlay zone site plan of the type specified in subparagraph ??} of section ?-g?.3{a} as consisting of standards and regulations is approved, the applicant must thereafter prepare plans and drayrings as specified in paragraph ?? } of said section in conforn?ityvuith such overlay zone plan and obtain approval thereof by resolution of the planning commission after revie?r and recon?rendatian by the planning ranger. No building permit or utility release shall be issued except for development in accordance pith such approved plans and drauvins, Section ? . Section 4 ? -? D. ? is hereby amended to read as follovus deleted language shorn in strikeout fvr tracking purposes only}? Sec, 4? -? 0., V?all and.,?ence requiremen# in tie industrial and commercial zones. {a? In the industrial and con?n?ercia[ zones, v?a[ls and fences shall not exceed ten ?1 D} feet in height, and shall not exceed four ?4} feet in height ?uhere the ?va[I orfence extends into the required front yard or any required landscaped area. fib} n any lot in a ?, , 4, or ?5 d istrict} a concrete black gall not less than five ?} feet in height shall be erected along any property line contiguous to any residentially zoned property, except that such ova[[ shall not exceed the height limitations prescribed in subsection ?a} of this section. This requirer?ent may be Waived by the planning comrission upon a finding that the abutting property is in a period of transition to nonresidential use} or that, due to speoial circurnstance, the gall ?rou[d not promote the public health, safety, or ?velfare. ?c} Barbed vuire is nat permitted as part of a vrall or fence except as follows; ordinance Flo. S-??? Page ? 2 of ? ? ?? ? f n the IUI 1, M and L11? districts: barbed wire is perrr?itted subject onlyto the restrictions set forth hereinafter ??} In the ?, ?, , ? and l? districts barbed wire i permitted only in a rearyear onside yard which is not viewable from a public street and is subject to the restrictions setforth hereinafter. ?} barbed wire may riot be used above the height limitations set forth in subsection ?a? of this section, ?,= F. ?4} Barbed wire ?,ay nvt be used as part of anyv?rall or fence which is adjacent to property used for residential purposes onto property which is used as a school, church, park, or youth center. section 14. section ? ? -? is hereby amended to read as follows deleted language shaven in strikeout for tracking purposes only}: dec. 4? -??, ?iecf?n?al equipment yr ppurfe?ances: ?eulat?on? All mechanical equipment ar appurtenances located on the roof oron the exterior of a building shall be screened. livery application for a building permit forthe development of property shall be submitted to the planning department and shall be accompanied by detailed architectural drawings end plat plans} all to a workable scale, showing the elevation and location of the proposed screening structures or facilities, existing buildings and proposed addition, and any ether pertinent information considered appropriate by the applicant or planning directar pursuantto this sectl V n. section ? . ectivn ?? -fig i hereby amended to read as follows deleted language shovun in strikeout far tracking purposes only. dec. ??-?, honing administrator; ad?ninistra#ive functions. The zoning administrator may, as a part of his administrative function, authorize: ?? } The temporary use of trailers for office space which are utilized in conjunction with any pernnitted use in the f?, , ?, , , ? and districts far a period of time net exceeding two ??} years from the date of approval; provided saial determination shall be in writing and shave that the temporary office use is in harmony with the purpose ?rdir?ance No. N-?X?? Page ? of ? and intent of this chapter. ??} The canstruction of open buildings in the ?, and districts; provided said determination shall be in writing and showthat the open buildings are not detriments[ to the surround[n area and the open partians of the structures are not visible from adjacent properties or public streets. However, the planning director may determine that s variance is necessarywhen propased ten?parsry affice trailer ar an open building is sa located as to be of in?portsnce to the adjoining property owners or to be in conflict with the orderly develaprnent of the area. section 1 . ectian ?? -? is hereby amended to read as fallaws knew Isr?usge Shawn in bold, deleted language Shawn in strikeout for tracking purposes only}: ,a. 4'?-??, have of a nor?a?nforming use. ?? The conversion of s residence in any commercis[ or industrial district to a use permitted in that district shall conform in every respect to all requirements and conditions set forth far such new use by this chapter, {b? Except as pecif led in section ?? -???.k a con?mercisf use in the l?? ar i district which is s nanconfarming use by reason of the absence of a conditional use permit maybe changed to another cammeroia[ use without the necessity of obtaining a cond[tions[ use permit. section ??, Article ?l Division ? is hereby repealed in its entirety. section 18. ectian 4? -? ?0?. ? is hereby amended to read as follows knew language shown in bald, deleted language Shawn in strikeout fortracking purpases anly?. Sea. ????3?7.?, Bicycle parking spaces Ail development projects has defined by section ??-G?8} shall provide short terra bicycle parking an-site as fol[aws; s. Retail and service camr?ercial develapme?t shall provide bicyoie parking at a rate of five ?} percent ofthe required automobile paving, but not less than faur ??} bicyoie spaces. b. office, industrial and manufacturing development of greaterthan ?,g0? grass square feet shall provide a minirnurn of two ?2} bicycle parking spaces, ?? c. Multifamily residences of five ar mare units shall provide a minimurr? of ?rdinar?ce h?o. ?-?CX? gage ? 4 of 1 faun ??} bicycle spaces. d, Kay activity laaations and public gathering uses including but not lir?ited to theaters, recreation facilities, libraries, churchesltennples, and schools shall provide a minirnurn offaur {?} bicycle parking spaces areiht ??} bicycle parking spaces if mare than g parking spaces are required. e? If ? use conducted in a building or on a site is not clearly defined it relates to the application of this requirement, determination shall be at the discretion of the planning r?anager as to the appropriate bicycle parking requirement as listed in subsections a through d above. Such determination may be appealed to the planning coremission and city council. f. To the extent practicable, the design, site planning, compatibility and lot design far on?site, shorttern? bicycle parking shall be cor?sistentv?ith the pity's Bicycle Support 1=acilities uidelines? In chase situations There said guidelines cannot be applied due to site constraints ar aesthetic considerations, in arderto promote the objectives of said guidelines and the health, safety and general ?relfare of the pity, the Planning Directar ar designee may in ?rriting authorise use of a portian of the required landscape setback} orthe conversion of one required vehicular parking space for on-site, short term bicycle parking, Section ? 9? This ardinance shall take effect thirty ?0}days after its adoption by the pity council; provided hoever, that if ?rdir?ance Na. NS-2Sg?, is for any reason held to be invalid or unconstitutional by the decision of any court of competent jurisdiction, or ather?rise da not go into effect for any reason, then this ordinance shall be null and void and have no furkher force and effect. Section ?a. If any section, subsection, sentence, clause, phrase or portion of this ardinance is far any reason held to be invalid ar unconstitutional by the decision of any court of competent jurisdictionx such decision shall riot affect the validity of the remaining portions of this ardinance. The pity council of the pity of Santa Ana hereby declares that it v?rould have adapted this ordinance and each section subsectianx sentence, clause# phrase or portion thereof irrespective of the fact that any one or mare sections, subsections, sentences, clauses} phrasest or portions be declared invalid or unconstitutional. Section 2? , The city clerk shall certify to the adoption of this ardinance and cause the sane to be published in the manner prescribed by la?v, AD?PT?D this day of dune, ?g? 0. ?IliguelA, Pulido ardinance No. ?IS?X?? Page 1 of ? ? APPROVED AS T? F??; ??. Joseph 111#, Fiethe? ity Atto rn elr AYES, aunoiin?en?ber NOES: ?un?ilrner?bers ABSTAIN: ounciinnerr?her h?ayor NAT PRESENT: ounoiimembers ?ERT1FiATE ?FATTESTATi?N AND ?RI1NALiTY I, MARIA D. HUi?AR, ?ierk o the onoii? ?v hereby attest t? and certify the attached ordinance Nv, NS-? to be the originai ordinance adopted blr the pity council of the pity of Santa Ana on ,and that said ordinance was p?biihed in accordance with the charter of the qty o? Santa Ana. Date: Clerk otthe ouncii City of Santa Ana ??d?nance Na. N???C Pale ?G of ?? EXHIBIT D GRDINANE NG. N-804 ?o?a??o??? a AN GRDiNANE GF THE CITY GUN1L ?F THE ?1TY GF SANTA ANA ADGPTING TRANSIT ?ZGNING GDE PE?iFI DEVELGP>UIENT DITRIT {?-$4}; ADpT1NG THE ? G11RLA1? ?GNE; ADGPTING THE 2 G1IERLAY ZGNE? RE?GNiNG THE PRGpERTY LGATED AT CERTAIN REAL pRGPERTY IN THE CENTRAL I?REAN CORE GF SANTA ANA FR?I VARIG?J ZONE TG TRANSIT ?GNiNG ODE PEC1FiC DEllELGPh?ENT DlTR1CT ??-84}, l?? GVERLAY 2GNE AND GllERLAY ?GNE; AND REPEALING SPECIFIC DEllELGPII?ENT NCB, 0, ?, ?7? 71 AND AiUIENDIiVG THE HEIGHT E?EMPTIGN AREAS iUTAP AAA NGa ?g0?-a9} THE CITY GL?NCIL GF THE CITY F SANTA ANA DGE GRDAiN A FGLLGVI?; section ? . The qty Council of the City of Santa Ana daes hereby f nd, deterrnln and declare as follovus: A. G? Maur ?7, a? 0, the Planning Carmision held ? dul}r noticed public hearing, and b? a vote of :0 ?Petancaurt abstained, Yrarrazaval absent voted to reca?mer?d that the City Council: ?. Adopt a resolution cerkifying the Final Environmental lr?pact Report Na? ?aa»g? prepared far the proposed Transit honing Cade ?D 84A and 84B} and the proposed redevelopment of properkie a?rned by the Santa Ana Redevelopment Agency In the tatian District ?collectiveiy, the prapased Project}; adapting the Mitigation llllonitaring and Reporking Pragran?, adopting the CEA Facts, Findings and a statement of Gverriding or?siderations; ar?d approving the Proposed Project. ?. Adapt a resolution approving General Plan Ar?er?dn?ent No. ?D?D; g?. Adapt an ordinance approving an?endn?ent to various zoning provisions of Santa Ana ?Ilunicipal Code Chapter 41 ??OA No. ?a ? D?0 ? }. 4, Adopt an ordinance approving the creation of specific Deveiopn?ent No. 4, approving the rezoning of properties from various panes to specific Development Na. S4? repealing specific Developrent Na? ?a, ?} 47 and ?? , and an?endir? the height exemption areas map AAA No. aa5-g}. ?rdi?ance No. N?? Page ? of 5. Adapt ? reselution approving Transit caning wale Architectural Style guidelines and Transit honing Code Street Network Concepts. ?. The City Council of the City of Santa Ana held ? duly noticed public hearing on the above said actions far the Transit honing Code Specific evelopn?ent District ??-84} on dune 7F ?D? g, and at that time considered ali testimony, ?rritten and oral, C. Amendment Application loo. Dg-09 has been filed ?vith the City of Santa Ana to change the zoning district designation of certain real property located in the central urban core of Santa Ana and comprises over ? Dg blocks and 45g acres. The area is generally bounded by first Street, ?lovuer Street, Civic Center Drive, brand Avenue and interstate ?I??? and includes the Civic Center, Dovuntov?n, the Logan and Lacy neighborhoods, the First Street commercial carridar, and industrial areas surrounding the Santa Ana regional Transportation Center {SARTC?, ?. The Transit honing Code ?SDM?4} v?ill establish separate zones that range frarn transit-oriented compact development to fens intense, neighborhood- serving development Frith a mixture of land uses ?rithin them, SD-84 alloys for greater flexibility of parking provision by using the concept of shared parking far non-residential uses and establishes parking ratios by district Frith less emphasis on establishing parking ay use. Additionally, D-84 establis}?es detailed development standards far building and parking location, building massing and open space, and regulates building architecture through standards and guidelines. ?? The City Council has ?reighed and balanced the general plans policies and has determined that based upon this balancing that Amendment Application No. 20g-g i consistent v?ith the purpose of the general Plan, including but not limited to its goals and policies tar ? ? Promote the balance of land uses to address basic community needs. Land Use Eiernenf foal No. .a, . Pror?ote medium density hauling in and around the davuntorn area. Land Use Element Policy 1.1. Support high density residential development Within the City's C?istrict Centers as a part of a mixed use development. Land Use Element Policy ?.. ?. Support "iivelvuork" opportunities rithin specifically defined areas. Land Use Element Paiioy ?.. 5. Promote land uses v?hich enhance the City's economic and fiscal viability. Land Use Element foal lVo. ?,g. G. Support cornr?ercial land uses inadequate amounts to accommodate the City's needs for goods and services, Land Use Element Policy ?.?. Ordinance ?o. ?1S?X Page ? of 9 1, Support pedestrian access between commercial uses and residential neighborhoods which are in close pro?ir?i#. Land ? Flen?ent Policy .4, 8. Encourage the creation of nevu en?ployn?ent opportunities in developments Which are compatible ?vith surrounding land uses, and provide a net community benefit. Land Use Element Policy ,. 9. Support projects that contribute to the redevelopment and revitalisation ofthe central city urban areas. Land Use Policy 1'?0. ?.?. ??. Support developments that create a business environment that is safe and attractive. Land Use Flernent Policy No. ?.?. ? ? . Protect and enhance developn?en# sites and districts ?rhich are unique cornrnunity assets that enhance the quality of life. Land Use Fler?ent foal Flo. 4.0. 1 . Support land uses Which provide cor?rnunity and regional economic and service benefits. Land Use Element Policy No. 4,. ? . Encourage the development of projec#s ?rhich promo#e the pity's image as a regional activity center. Land Use Element Policy No. 4.4. 4. Encourage development of employment centers and rni?ced use projects vuithin targeted areas adjacent to major arterial roadv?ays, transit and free?ray corridors Land use Flen?ent Policy No. 4.?, 1 ?, Improve the physicai appearance of the i#y through development of districts that project a sense of place, positive con?rnunity image, and quality development. Urban Design Flerent foal ?.0. F, 7'he pity council also adapts as findings all facts presented in the Request for council Action dated Juno 7, ??? D accompanying this matter. For these reasons, and each of there, Amendment Application No. X005-?9 is hereby found and determined to be consistent vuith the general Plan of the pity of Santa Ana and otherwise justified by the public necessity, convenience, and general vuelfare. l?. At the duly noticed public held on June ?, ?? ?, the pity council, by resolution, cerklfied that the Final Fnvironrriental lr?pact Report Final FIR} 1110. X006-02, prepared for the proposed ?'ransit honing bode ?? 4A and ??4B} and the proposed redevelopment of properties o?rned by the Santa Ana Redevelopment Agency in the Station District vuas completed in compliance uwrith the California Fnvironrental Quality Act ?F?A} Public Resources bode 2togo of seq.} vuas presented to the pity council far revievtir and consideratlor?, and reflects the pity of Santa Ana's independent judgment and analysis; adopted the FQA Findings of Fact and Stater?ent of overriding considerations; and adopted the Illlitigation Illloni#oring and Reporting Program. At the June ?, ??? ? meeting, the pity council also adopted a resolution amending the pity's general plan SPA Igo. ??? o?o? ?} o?din?ce h?o. N-? Page 3 ?f 9 adopted an ordinance approving amendments to various zoning provisions of Santa Ana Municipal Cade Chapter 4 ???A ?o. 0? g-0 }, and adopted a resolution approving Transit honing Code Architectural Style guidelines and Transit caning Code Street network Concepts. This ardinance incorporates by reference, as though fully set forth herein, the ordinance, resolutions and the Final nvironn?ental Impact Report, Mitigation Monitoring and Reporting Pragran?, C?QA Findings of Fact and Statement of overriding Considerations, and all of their respective findings and conclusions in support ofthi ardinance, Section ?? The City Councii hereby directs the creation of Article ?i? Within Santa Ana Municipal Code Chapter 4?, The City Council further directs that the follov?ring sections frar? The Specific Development District LSD-?4}, Transit caning Cade vuhich came before the City Council on June ?, ?g D and is on file Frith the Clerk of the Council shall be adopted and incorporated ithir? Article ?I? as thaugh fuily set Earth herein: Santa Ana Municipal Code Section Page number in Transit honing Code numbers Division '? . Pages '? ; through '? Sections ??-2gg0 through ?-?g4 Div"s' ? ? ion Pages ?: ? thraugh :4 Sections 4?-?aa thraugh ??-?QgB D??r??on Pages ?.3 thaugh . Sections ??-?Dg though ?41 2g? Division 4. Rages ?: ? thraugh 4: Sections 4«?0?0 thraugh 41?4?? ?g4g Division ?. Pages :? thraugh :8 Sections 4?-2g?g thraugh 4?-?gB4 Division 7 Pages ?: ? thaugh 7:? Sections 4?-?g0 The City Cauncii hereby directs and authorizes the Clerk of the Cauncii to make any for?atting changes to the numbering to make the near Cade sections consistent Frith Chapter ?? . The City Cauncii further authorizes the Clerk of the Cauncii to create identification number and cross-reference said identification numbers vuithin the text far the diagrams contained in Division It is the City council's intent that said diagrams be contained r?rithin the Santa Ana Municipal Cade. Section ? The City Council hereby adapts the M overlay done and M2 averly Ordinance Na. NS-X?? Page 4 of ? done as set forth in Specific Development No? S?, Transit Bonin bode an file Frith the clerk of the council. Section 4. The real property ?rithin the Transit honing bode, generally bounded by First Street, Flo?rer Street, civic tenter Drive, brand Avenue and interstate ? ?I-?} and includes the Civic tenter} Downtov?rn, the Logan and Lacy neighborhoods, the First Street con?n?ercial corridor, and industrial areas surrounding the Santa Ana Regional Transportation tenter ?SART} is hereby reclassified fror? various zones to Specific Development District No? 8? ?D?84?, M overlay done and ?? overlay bane. Amended Sectianai District Map numbers 7--9 and ? ?-?-? ? shoving the above described changes in use district designation, are hereby approved and attached hereto as exhibit "A"and incorporated by this reference as though fully set forth herein. AAA No. ?OO?-off}. Section ?. The pity council hereby amends and adopts the F-leight i=xernption Areas Map attached hereto as Exhibit `fB" and incorporated by this reference as though fully setforth herein. section Specific Development No. o is hereby repealed in its entirety, Section ?, Specif is Deveiopr?ent No. ?7 i hereby repealed in its entirety Section S Specific Dvelopr?ent No. 47 is hereby repealed in its entirety Section g. Specific Developr?ent No. 71 is hereby repealed in its entirety. section ? 0. if any section, subsection, sentence, clause, phrase or portion of this ordinance is for any reason held to be invalid or unconstitutionai by the decision of any court of connpetent jurisdiction, such decision shall not affect the validity of the rer?aining portions of this ordinance. The pity Council of the pity of Santa Ana hereby declares that it uvould have adopteal this ordinance and each section, subsection, sentence, clause, phrase or portion thereof irrespective of the fact that any one or more sections, subsections, sentences, clauses phrases, or portions be declared invalid or unconstitutionai. AD?PT?D this day of , ?0 ? ?, Miguel A, Pulido Mayer APPl?11?D AS T? >`?R: ?y: Joseph 111. Fletcher City Attorney ordinance No. NS-7??? Page of 9 AYE: aur?eiln?err?ber NE; aur?ciln?embers ATTAIN: ouneiln?en?ber NAT PRESENT: ounciln?embers ?RTI?I?AT? ??' ATTI=TATIaI? A?]I? ?RIINAI?ITY I ? IVIARIA ?. HU I?AR} ler? of the auneil, da hereby atte ?a and e?tify the attached ?rd?nance No. N-?, to ?? the ariginal ar?inar?ee adapted by ?? City auneil of ??? City of Santa Ana an ,and ???? said ardinan?e u?a ?uhlihed in accardance v?ith the charter afthe its of an?a Ana, Date: IerIC of the ?auncil pity of Santa Ana ardirran? N?? N-? 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SAi?TA ANA, CA?.lFOFtN?A R?5''?4ED 5117110 FfR?? ?T. ?H?BIT B Height exemption ?Ireas Map ?rdina?c? ??? h?-? ?a?e 8 ?f 9 ?, . ,. rR: . j; ,?.., ?? ._,. .?; -- .,?.., ?r?. ti HEIGHT EXEMPTION AREAS rd?nance No, N-? Page of 9 - ?[?0?3??C? ?? 1?1 ?t1?1C?I ? ?-?'?J? EXHIBIT E RE?L?TI?N N?. 0? 0 A RE?LTI?N ?F THE CITY COUNCIL ?F THE C[TY ?F SANTA ANA APPR?11[N TRAN[T ??NIN CEDE ARCHITECTURAL STYLE U[DELINE AND TRAN[T ??NIN CEDE STREET NETVU?RI? CNCEPT ?E IT RE?LVED BY THE CITY COUNCIL F THE CITY ?F SANTA ANA A F?LL?I: eotion ? . The City Council of the City of Santa Ana hereby finds, determines and declares as fallovus; A. ?n lu[ay ??, ??? ?, the Planning Corrtn?ission held duly noticed public hearing, and by a vote of :? ?Betar?court abstained, Yrarrazval absent voted to recommend that the City Council: ? . Adopt a resolution certifying the Final Environmental [r?pact Report No. ?0??-?? prepared for the proposed Transit honing Code ?D 84A and 84E} and the proposed redevelopment of properties o?rned by the Santa Ana Redevelopment Agenoy ire the station District collectively, the Proposed Project}? adopting the 1111itigation ?I[anitoring and Reporting Program, adopting the CEC?A Facts} Findings and a tater?er?t of overriding Considerations; and approving the Proposal Project. ?. Adapt a resolution approving general Plan Annond?nent No. ?? ?- D?, Adopt an ordinance approving an?endn?ents to various zoning provisions of Santa Ana Municipal Code Chapter ?? ??CA No. 4. Adopt an ordinance approving the creation of pecif[o Development No. ??4, approving the rezoning of properties fror? various zones to specific ?evelopnnent No. S4} repealing pecifio Development No, ?, ?, 47 and ??, and amending the height exer?ption areas neap AAA No. ?0??-g9?. t Adopt a resolution approving Transit caning Code Architectural ty[e guidelines and Transit honing Code street Netuvor[t Concepts. B, The City Council of the City of Santa Aria held a duly noticed public hearing on the above said actions forthe Transit honing Code peci?c Development District LSD-4} on June 7, ?g 0, and t that time considered all testimony, Resa?ut?o? No, ??? ?-? Page ? ?f vuritten and ara?a Specific Development No. 4, the Transit Zoning Code, contains sip ?G? pernnitted architectural styles that are relevant to the area's history, The Architectural Style Guidelines gill provide a fran?e?rark that appropriately represents the salient characteristics of the perrr?itted architectural styles and are intended to provide supplemental design guidance far issues not expressly stated in the Santa Ana i?unicipai Code. D. The Street Netv?ark Concepts gill provide guidelines far rr?odifying fhe existing streets a Drell as guidance to produce nevu, variable blocks and streets. E. Final ?nvironn?ental Impact Report Na. Ogg-02 prepared for the proposed Transit Zoning Code ?? 84A and ?B} and the proposed redevelopment of properties oned by the Santa Ana Redevelopment Agency in the station District ?callectively, the Proposed Project}; the Mitigation iUlonitoring and Reporting Pragrarn, the CEA Facts, Findings and Stater?ent of Gverriding Cansideratians ?rhicl? came before the City Council on June ?, ?g? g} and eras approved and adapted by resolution. At the June ?, ?4? g r?eeting, the City Council also adapted a resolution approving Genera! Plan Amendment Na. ?g? 0-g? ; an ordinance approving amendments to various coning provisions of Santa Ana Municipal Code Chapter 4? ?ZA No. ?0? g-D?}; an ordinance approving the creation of Specific Development Na. 8?, the rezoning of properties from various pones to Specific Dvelopr?ent No. 84, repealing Specific Development Na. ?0, ?, ?? and 7?, and amending the height exer?ption areas map AAA Not Dg??4g}. This resolution incorporates by reference, as though fully set forth herein, the ordinances and resolution and said Final ?nvironmentai lr?pact Report, Mitigation Monitoring Prvgrarr?, and Statement of Gverriding Considerations, and ail of their respective facts, findings and conclusions in support of this resolution and the findings made herein. Section The City Council hereby, approves the Transit Zoning Code Architectural Style Guidelines located on pages ?4;? through 4:48 and Transit Zoning Cade Street Net?rork Concepts located an pages ?: ? through : ? 8 of the Transit Zoning Cade Specific Development ?nrhih came before the City Council on June ?, ?0? g and is on file pith the Clerk of the Council and incorporated herein by this reference as though fully set forth. Section 3. The City Council intends the Transit Zoning CodeArchitecturai Style Guidelines and the Transit Zoning Cade Street Netuvork Concepts to b v?rorking documents. Accordingly, the City Council hereby delegates to the executive Director of Planning and Building Agency and the Executive Director of Public vllork Agency, respectively, the autharityta make changes to the Transit Zoning Code Architectural Style Guidelines ar the Transit Zoning Code Street Net?vork Concepts that are in the spirit and intent of the current guidelines, Any such changes shall be lodged v?rith the City Council for revie and comment priorto becaring effective Re?lutia? Na, ?D? ??? Page ? of 3 section 4. The Clerk of the Council hail attest to and certify the vote adopting this Resolution. ectian This Resol??ion shall fake effect thirty ?o} days after its adoption ?y the City Council; provided hov?ever, that if ordinance No. l? , or ordinance loo. N-are for any reason held to be invalid or unconsti#?tional by fhe deoision of any court of copetent jurisdiction, or otherwise do not go into effecf for any reason, then this resolution shall be null and void and have no furtherforce and effect. AD?PTE? this day of June, ?o'lo. Miguel ?. Pulido Mayor APR?11E? A T? FORM: Joseph UI1. Fletcher, City Attorney AYES; Councilr?emhers NOES: Councilmen?ber ATAIIII: Co?ncilmemher RIOT PREEC?T: Councilr?eher CERTIFICATE OF ATTESTATION ANA ORIOINAI?ITY I, MARIA ?? HI?AR, Clerk of the Council, do hereby attest to and certify the attached Resolution No. 0?0- to be the original resolution adopted by the City Council of the City of Santa Ana on a? date: Clerk of the Council City of anfa Ana Resolu??o? No. ?o? 0-0 gage of ? Tr??sit fade i tta?he? a exhibit 7 ire the euest for ?lar?ning o?miion A?t?o?, EXHIBIT F ??? f RECLUTI?N NC, ????, A RE?LT1CN ?F THE CITY COUNCIL ?F THE CITY ?F ABTA AI?iA C?hIENTIN T? THE APPR?IIAL ?F A DIP?ITIN AND DEVELOPMENT AGREEMENT BET?1lEEhl THE COMMUNITY REDEIIEL?PMENT AGENCY ?F THE CITY OF SANTA ANA AND SANTA ANA STATi?N DISTRICT, LLC, A CALiFRNIA LiMiTED LIABILITY C??f PANY, AND MA#?IN FINDINGS iN ?NNECTICN THEREWITH BE IT RESOLVED SY THE CITY C?L?NCiL ?F THE CITY ?F SANTA ANA AS F?LLvIlS; Section ? . The City Council of the City of Santa Ana hereby finds, determines and declares ? follows; A? Sections 4. and ?4.? of the California Redevelopment law, Health and Safety Code Section 30og, e? seq. ?;`CRL'}}, authorize and direct the Comn7unity Redevelopment Agency of the City of Santa Ana ?`{Agency}'} to expend a certain percentage of ail taxes which are allocated to the Agency pursuant to CRL Section ??0 forthe purposes ?? increasing, improving and preserving the cor?runity' supply of housing available at an affordable housing cost to persons and families of very low, low, and moderate income; and B. Pursuant to applicable provisions of the CRL, the Agency has established a Low and Moderate income Housing Fund {`Housing Fund"}; and C. Pursuant to CRL Section ?3?.??e}, in carrying out its affordable housing activities, the Agency i authorized to provide subsidies to or for the benefit of very low income and lower income households, or persons and families of Iow or moderate Income, to the extent those households cannot obtain housing at affordable oasts on the open rnar?cet, and to provide financial assistance for the construction and rehabilitation of housing which gill be made available at an affordable housing cost to such persons; and D. Pursuant to CRL Section 4? ?b}, the Agency is required to ensure that at least ? percent of all new and substantially rehabilitated dwelling units developed within a project area under the jurisdiction of the Agency by private or public entities or persons other than the Agency shall be available at affordable housing cost to persons and farilie of low or moderate income; and Resoiutf?n No. ?00????? Wage o? ? The Agency currently o?rns certain real property ?"Agency Parcels"} located v?rithin the City of Santa Ana ?"City"?, v?rhich property is also partially located Within the geographic boundaries the "Project Area"'? of the Merged Praject ?`terged Project"}, and is attempting to acgu?re other real property that ?s?,?currently o?rned by third parties ?"Additional Properties"? the Agency Parcels and Additional Properties are collectively referred to as the "Site"}; and F. Santa Ana Station District, LLC, a California limited liability corpany ?"Developer"}, has proposed to acquire the Site from the Agency, to construct on the Site affordable rental hauling that ?ri11 be available to and occupied by persons and families ofvery lava income and e?trernely love incan?e, affordable far-sale housing th?tvuill be available to anal occupied }? persons anal families of moderate income, and market rtefor?sale housing that vuill be available to al[ buyers collectively, the "Developer Project"}; and In ardertoparry out and implement the Redevelopment P[an far the Merged Praject and the affordable housing requirements thereof, the Agency prapases to enter into a Disposition and Development Agreement ?"Agreerr?ent"} vtirith the Developer, pursuant to v?rhich the Agency ?rauld k convey the Site to the Developer and the Developer ?rauld agree to com?struct the Project in accordance vuith the requirements of the Agreement, restrict occupancy of the rental hauling to persons and families of very low income and extremely lair income, and restrict occupancy of a portion of the far-sale housing to persons ar?d farr?ilies of moderate income, al[ a more particularly set forth in thoAgreemont; and H. Pursuant and subjectta the terms of the Agreement, the Agencyvuill provide the following f financial assistance to the Developer Praject: {i} [awns to the Developer in the amount of Ten 1111illian fight Hundred Thousand Dollars ?g,?gg,g00}for Phase ?-1 {as defined in the Agreements of the Develaper Praject and Four Million Seven Hundred Seventy Thousand Dollars ?4,77a,0aa}for Phase R-? has defined [n the Agreement} of the Developer Praject ?callectively, the "Agency Loan- Rental Component"?; iii} a lawn to the Developer in the an?aunt of one ll?iilion Five Hundred Thousand ??,Dg,gOD} far Phase F has defined in the Areer?ent} of the Develaper Praject Agency Loan -Phase FS}and viii} a lawn to each qualified Moderate lncon?e Hon?ebuyer of an Affordable Far-Sale Unit has defined in the Agreernent? in the amount of up to Thirty Thousand Dalfars ?0,Ogg? to be deposited by the Agency Into the applicable escrovu far each Hon?ebuyer of an Affordable Far-Sale Unit and disbursed by the escro agent to the Develaper upon each Hon?ebuyer closing and purchase of ???n Affordable Far-Sal e Unit beach, a {`HomebuyerAssistance Lawn"?; and, R?aiut?on No. ???? ???? Page 2 of ? [? The Agency's financial assistance to the Praject, ?nc[uding the Agency Loan and each HamebuyerAssistance Loan, gill be funded from the Agency's Housing Pund; the Praject is riot financially feasible vuithout the Agency's financial assistance; and ?. Each qualified [?aderate [ncome Har?ebuyer of an Affordable for-dale Unit that i to receive a Homebuyer Assistance Loan aril[ enter into a Harebuyer Laan Areement?rith the Agency substantially in the form attached to the Agreement ? Attachment No.1 ? ;and [?. Ilvith respect to the porkiar? of the Praject that is located vtirith?n the Project Area of the Merged Project, the acquisition, construction and operation of the Praject pursuant to the Agreement vui[[ benefit the Project Area by providing affordable housing for persons rho currently five and ?rark v?ithin the Project Area; vuith respect to the portion of the Project that is located outside the Pro?ctArea of the [verged Praject, the acquisitian, canstructior? and operation of the Praject pursuant to the Agreementvuill be of benefit to the Merged Project; and L, The Agency has adopted an Implementation Plan pursuantto RL section ?4g0, ?rhich sets forth the objective of providing housing to satisfy the needs ar?d desires of var[ous constituent eler?er?ts of the oammunity? and lll?. The Agreement furthers the goals of the Agency set forth in the [mp[ementation Plan s it ?ri[l facilitate the creation of affordable housing h?ch ?ri[I serve the residents of the neighbarhaod and the pity; and N, The i?eve[aper has submitted to theAencyand the pity auncil copies of the Agreement substantially in the farm submitted here?rith; ar?d Pursuant to RL section 3?4, the Agency is authorized} ?uith the approval of the pity aunci[ after a duly noticed public hearing, to convey the bite far deve[oprnent pursuantta the Redevelopment Plan upon a deterrr?ination by the pity ounci[ that such conveyance aril[ either assist in the elimination of blight or provide housing fvr Io?r- ar moderate-incorr?e parsons, that the cons`rderatian for such conveyance is not less than the fair rnarketvalue orfa?r reuse value of the bite in accordance Frith the covenants and conditions governing the conveyance ofthe bite and development casts required thereof, as well as the particular uses to be conducted by the Developer at the bite, and that the conveyance under the farms and conditions set forth in the Agreement i consistent?rith the Implementation Plan ?rhich has been adopted by the Agency for the Merged Praject; and R?alution N?, ?00?-??C? Pg? 3 of :? .? P. A joint public hearing of the Agency and City Council an the proposed Agreementwas duly noticed in accordance with the requirernertts of CRL sections 4? and 4; and . The proposed Agreement and a summary report meeting the requirements of CRL ectian 34, were available far public inspection priorto the joint public hearing consistent with the requirer?ents of CRL ectian X3433; and R. ?n June ?', Dig, the Agency and City Council held a joint public hearing on the proposed Agreement, at which tirr?e the City Council and the Agency reviewed and evaluated all of the infarn?ation, testimony, and evidence presented during the joint public hearing; and Ail actions required by all applicable law with respect to the proposed Agreement have been tal?en in an appropriate and timely manner; and T. The City has reviewed the surnrnary required pursuant to CrL section 33433 and evaluated other infvrr?tion provided to it pertaining to the findings required pursuantto CrL ectian 33433; and U. The Cit}? Council has previously determined, in its adoption of the ordinance approving the Merged Project, that the portion of the bite located within the lrojec?Area is part of a blighted area and is underutilized, a further het forth in the In?plernentatian Plan previously adopted and amended by the Agency pursuant to CRL section 334D; and 11. Thy Agreement would assist in the alleviation ar removal of blighting conditions and provide hauling for low- ormoderate-income persons and would furkher the goads ofthe lrnplerentation Plan by providing for the development of such housing; and VIA, the City Council has duly considered ail terms and conditions of the proposed Agreer?ent and believes that the Agreement is in the best interests of the Agency and the City and the health, safety, and vuelfare of its residents, and in accord with the public purposes and provisions of applicable state and local law requirements; and ?, In cor?pliance with the Caiifornia ?nviranmental duality Act ?EC?A} {Public resources Cade ?10gg a?e.?, the City Council, as the Lead Agency under CE?A, has certified final Environmental Impact report No. ?DO?-g2 prepared far the Transit honing Cade ?? Na. 84} and the ?evelaper Project, adapted a Mitigation Monitoring and Reporting Program, adapted ail findings required by COCA, and adapted a taement of overriding Considerations. resolution Na. 20a?-? Page 4 of ? Section ?. The foregoing recitals are true and correct and are hereby incorparated by reference as if setforth in full in this Resolution, section . The City Council hereby finds and determines that, based upon substantial evidence provided in the record before it, the use of funds from the Agency's I?ow and lUloderate income l?ousir?g Fund pursuant to the Agreement constitutes a lawful expenditure of such funds and will be of benefit to the Project Area for the reasons set for#h in this Resolution, Section ?? The City Council hereby finds and determines that, based upon substantial evidence provided in the record before it, the consideration for the Agency's conveyance of the Site to the Developer pursuant to the terms and conditions of the Agreement is not less than the fair reuse value at the use and with the covenants and conditions and development costs authorized by the Agreement. section . The City Council hereby finds and determines that, based upon substantial evidence provided In the record before it, the Agency's conveyance of the Site to the Developer for development pursuant to the Agreement and the CRL will eliminate blight and provide housing for Iow- or moderate-income persons. Section ?. The City Council hereby finds and determines that, based upon substantial evidence provided in the record before it, the Agreement is consistent with the provisions and goals oftbe lrnplen?entation Plan Section ?. The City Council hereby consents to the approval by the Agency of the Agreement in substantially the form presented to the Agency, subject to such revisions as may be rude by the Executive Director of the Agency or his or her designee. A copy of the Agreement when executed by the Agency shall be placed on file in the office of the City Clerk. Section 8. The City Council acknowledges that the Executive Director of the Agency is authorised, on behalf of the Agency, to make revisions to the Agreement which do not materially or substantially increase the Agency's obligations thereunder or materially or substantially change the uses or development permitted on the SiteF to sign all documents, to make ail approvals and tale all actions necessary or appropriate tc carry out and implement the Agreement and to administer the Agency's abligations, responsibilities and duties to be performed under the Agreement and related documents. ADAPTED this ? day of Miguel A. Pul?do f?ayor APPR?IlED A T F?R?I: Resolution ?o. 20??-??? PageSof? Joe?h ?J11. Fletcher, CityAttQrney AYES. Counilr?er?ber NOES; Couneilrr?ernber ABSTAIN; Cauncilr?er?ber NOT PRESENT; Couneilember CERTIFICATE OF ATTESTATION AND ORIGINALITY I,IIIIARIA D, ?-IUI?AR, Clerk ? the Cauncil, ?o hereby attest t and certify the attached Reolutic? No. to be the erigina ordinance adapted by the City Council of the City o? Santa Ana ors ,and that said ordinance v?a? published in a?cordan?e v?ith the Charter a?the City cf Santa Ana. Date; Clerk of the Conoil City ?f Santa Ana Reso?ut?on No. 2Q?? ??CX Page ? ?f 5 defer t? ?xhihif J for the disposition ??rd Deve?o?ment A??eerent t#??hed ?o the Request for ounoil Action. EXHIBIT G k { RES?LUTI?N N. CRA ?0? ?- A RES?LlJTION ?F THE C?N?UNITY REDEIIEL?PN?ENT AGENCY QF THE CITY QF SANTA ANA AD?PTIN CEA FII?DINC ?F FACT AND ? STATEMENT ?P ?1lERRIDIN C?NSIDERATI?NS, AD?PT?N MITIATI?N MNIT?RIN AND REPQRT?N? PRCRAI?, APPR?1lIN A DISP?SITl?N AND DE1IEL?PMENT ACREE#?ENT BET111lEEN TFIE AGENCY AND SANTA ANA STATION DISTRICT, I..,LC, A CALIFORNIA LIMITED LIABILITY COMPANY, AND #?AK[NC PI?IDINCS IN C?NNECTI??1 TREREtIVITI? Section ? .The Board of the Cor?rrrunity Redevelopment Agency of the Cit?r of Santa Ana hereby finds, determines and declares follows: A? Sections ?3?4,2 and 3??4. of the California Redevelopr?ent Lain, Health and Safety Code Section 3000, e?e?. ?"CRL"}, authorize and direct the Cornr?unity Redeve[opmentAgency of the City of Santa Ana ?"Agency'}} to expend a certain percentage of a[I taxes which are allocated to the Agency pursuant to CRL Section 336?? forthe purposes of increasing, improving and preserving the cor?n?unity's suppl?i of housing available at an affordable housing post to persons and families of very Iow, Iow, and moderate income; and, B. Pursuant to applicable provisions of the CRL, the Agency has established a Low and Moderate Income Reusing Fund ?"Rousing Fund"}, ar?d pursuant to RL Section ?.??e}, in carrying out ifs affordable housing activities, the Agency i authorised to provide subsidies to orforthe benefit of very low Income and lower income households, or persons and families of Iow or roderate income, to the extent those households cannot obtain housing at affordable costs on the open market, and to provide financial assistance far the construction and rehabilitation of housing which will be rude available at an affordable hauling cost to such peronsx and C. Pursuant to CRL Section 34? ?b?, the Agency is required to ensure that at least ? 5 percent of all new and substantially rehabilitated dwelling units developed within a project area under the jurisdiction of the Agency by private or public entities or persons otherthan the Ager?cyshall be available at affordable housing cost to persons and families of low or moderate income; and D. The Agency currently owns certain real property ?"Agency Parcels"} located within the City of Santa Ana ?"City"}, which property is also partially located within the geographic boundaries the "Project Area"'} of the N[erged Project ??`1111erged Project"}, and i attempting tv acquire other real property that i currently owned by third parties ?"Additional Properties'}} ?theAgency Parcels and Additional Properties are collectivel?r referred to as the "Site"};and Resolution No. CRA ?o? 0-X Page ? of ? ?, Santa Ana Station District, LLB, ? alifarr?ia limited liability company ?"Developed'}, has proposed to acquire the Site frarn the Agency, to construct an the bite affordable rental pausing that will be available to and occupied by persons and families of very low incame and extremely low incame, affordable far-sale housing that wili be available to and occupied by persons and families of rnaderate incame, and market rate far-sale pausing thtwill be available to all buyers collectively, the "Developer Project"}; and F. In orderta carry out and in?piementthe Pedevelopent Plan farthe Merged Project and the affordable hauling requirements thereof, the Agency proposes to enter into a Disposition and Development Agreement {`Agreement"? with the Developer, pursuant to which the Agencywauld convey the bite to the Developer and the Developer vuould agree to construct the Developer Project in accordance with the requirements of the Agreement, restrict occupancy of the rental pausing to persons and far?ilies of very law incame and extrerrMely low income, and restrict occupancy of a portion of the far-sale housing to persons and farilies of moderate incor?e, all as mare particularly sot forth in the Agreement; and Pursuant aid subject to the terns ofthe Agreement, the Agency will provide the following financial assistance to the Developer Project: ?i? loans to the Developer in the amount afTen Million Fight Hundred Thousand Dollars ?? a,8aa,a0?} far Phase R-? has defined in the Agreement} of the Developer Project and Faur Million Seven Hundred Seventy Thousand Dollars ?4,7?a,aaa}for Phase P-? has defined in the Agreement} of the Developer Project collectively, the "Agency Laan?Rental ?on?ponent"};iii} a loan to the Developer ?n the ar?our?t of one Mi???on Five Hundred Thousand ?$1,00,?00}far Phase FS has defined in the Agreement} of the Developer Project Agency Loan ?-Phase FS} and viii} a loan to each qualified Moderate income Hon?ebuyer of an Affordable Far-Sale Unit has defined in the Agreen?ent? in the amount of up to Thirty Thousand Dollars ??,DO?} to be deposited by the Agency into the applicable escrow foreah Hornebuyer of an Affordable Far- ale Unit and disbursed by the escrow agent to the Developer upon each Homebuyer closing and purchase of an Affordable Far-Sale Unit beach, a "Horr?ebuyer Assistance Loan"};and, H, The Agency's financial assistance to the Developer Project, including the Agency Lawn and each Homebuyer Assistance Loan, will be funded from the Agency's Housing Fund} the Developer Project is not financially feasible without the Agency's financial assistance and use of the Agency's Hauling Fund is necessary because Developer has sought and will continue to sonic to obtain otherources of financing farthe Developer Project, including private construction and permanent loans, Federal Low lncon?e Hauling Tax credits, equity financing from private investors, and mortgage financing far homebuyers, but based upon an economic analysis of the Developer Project assetfarth and referenced in the summary report prepared pursuant to CPL Scotian ?4 and the staff report, such sources of financing will be insufficientto finance the entire costs of the Developer Project without the ?eso????an ?Va, BRA ? D-? Page 2 of 7 Agency?s financial assistance from the Housing Fund in the amounts required by the Agreement; and" 1. each qualified Moderate Inconne Hornebuyer of an Affordable For-Sale Unit that is to receive a HarnebuyerAssitance Loan will enter into a Homebuyer Loan Agreen?entwith the Agency substantially in the form attached to the Agreement as Attachment No? ? to the Agreement} and ?, vvith respect to the portion of the Developer Project that is located within the Developer PrajectArea of the Merged Project, the acquisition, construction and operation of the Developer Project pursuant to theAgreernentwlll benefit the Project Area by providing affordable housing for persons who currently live and work within the Project Area; with respect to the portion of the Developer Project that is located outside the Project Area afthe Merged Project, the acquisition, construction and operation of the Developer Project pursuant to the Agreement will be of ber?ef if to the Merged Project; and K, The Agency has adopted an Implementation Plan pursuant to L Section 490, which sets forth the objective of providing housing to satisfy the needs and desires of various constituent elements of the connmunity; and L, The Agreementx copies of which the Developer has submitted to the Agency and the pity council copies substantially in the farrr? submitted herewith, furthers the goals ofthe Agency set forth in the In?plen?entatian Plan as It will facilitate the creation of affordable housing which will serve the residents of the neighborhood and the pity; and M. Pursuant to ?RL Section ?, the Agency is authari?ed, with the approval of the pity ounci[ after a duly noticed public hearing} to convey the Site for development pursuant to the I?edevelopn?ent Plan upon a determination by the pity ?auncil that such conveyance will eitherassist in the elimination of blight or provide housing for low- armoderate-income persons} that the consideration for such conveyance is not less than the fair mar[eetv[ue or fair reuse value of the Site ire accordance with the covenants and conditions governing the conveyance of the Site and development costs required thereof, as well as the particular uses to be conducted by the Developer at the Site, and that the conveyance under the terms and conditions set forth in the Agreement is consistent with the Implerr?entation Plan which has been adopted by the Agency for the Merged Project; and N? The proposed Agreement and a summary report meeting the requirements of ILL Section ?3, were available for public inspection prior to the joint public hearing consistent with the requirer?ents of ?RL Section ?4; ar?d ?. On dune ?, ?0? D, the Agency and pity council held a joint public hearing vn the proposed Agreement which was duly noticed in accordance with the requirements of ?RL Sections 34?? and ??4?, at which time the Agency reviewed and evaluated all of the inforration, written and oral testimony, and evidence presented during the joint public hearing; and ?esolut?on No. BRA ?0??-XX?i Page of 7 P. In compliance with the California ?nvironrnental Quality Act {CFOA} ?Publ'rc Resources Code ??D00 else.}and Title HIV, California Code of Regulations, section 1500o ?. seg. ?C?CA guidelines}}the City of Santa Aria prepared an Environmental Ir?pact Report ?EIR? ?No. ????«?? to analyse the environr?ental impacts of the Transit honing Cade {D loo. 84} and the Developer Project; and Q. The City Council, as the Lead Agency under C??A, has certified Final Envirann?ental ln?pact Report Igo. OO??o?, adopted a Mitigation Monitoring and Reporting Program, adopted all findings required by CEC?A, and adopted a taten?ent of Overriding Considerations; and R. The Agency, as a Responsible Agency under C??A, has considered the environmental effects of the Developer Project as shown in the SIR in compliance with EQA Guidelines section 5090; and . The Agency has prepared Findings of Fact in compliance with Public Resources Code sections ? OS? and ?? ?? .? and EQA guidelines section X5091 far every significant irnpact of the Developer Project and for each alternative evaluated in the ?lR, including an explanation of the rationale for each finding; and Ti The Developer Projectwill have significant impacts that cannot be mitigated to below the level of significance; and ?.J. The Agency has prepared a taterr?ent of Overriding Considerations in compliance with Rublic Resources Code ectians 21 ??? and EA Guidelines section ? 5093, ?rhich finds that specific econorr?ic, legal} social, technological or other benefits of the Developer Project outweigh the significant and unavoidable impacts identified in the EIR; and V. The Agency has prepared a Mitigation Monitoring and Reporting Prograr? in compliance with Public Resources Dade sections ? 031.E and CEC?A Guidelines section ? X097 to ensure oompiiance with the mitigation measures identified in the F1R during Developer Project irnplen?entation and operation; and 1111. All actions required by all applicable lava with respect to the proposed Agreement have been taken in an appropriate and timely manner; and ?, The Agency has reviewed the summary required pursuant to CRL section 33433 and evaluated other information provided to it pertaining to the findings required pursuant to CRL section 33430; and Y. The City Council has previously determined, in its adoption of the ordinance approving the Merged Project, that the portion of the bite located within the Project Area is part of a blighted area and is underutilized, as further set forth In the Implementation Plan previously adopted and ar?ended bythe Agency pursuant to CRL section 33490; and Res??ut€on Na. CPA ?0??-? Page 4 of 7 ?. The Agreeentu?oufd assist in the alleviation or removal of blighting conditions and provide housing for lvv?- or moderate-income persons and ?raufd furtherthe goals of the lmplen?entation Pfau by providing for the development of such housing; and AA. The Agency has duly considered ail terms and conditions of the proposed Agreer?ent and believes that the Agreement is ire the best interests of the Agency and the City and the health, safety, and ?relfare of its residents, and in accord ?rlth the public purposes and provisions of appficable State and iota! lair requirements. Section ?. The foregoing recitals are true and correct and are hereby incorporated by reference a ifset forth in full in this f?esolution, Section . The Agency hereby flr?ds and deterrr?ir?es that, based upon substantial evidence provided in the record before it, the use of funds from the Agency's Housing Fund in the amounts required by the Agreement is necessary because the Agency and the Developer have nude a goad faith attempt but have been unable to obtain sufficient car?mercial or private means of financing the Developer Project at the same level of affordability and quantity as i required by the Agreement. Section 4. TheAgency herebyfinds and determines that, based upon substantial evidence provided in the recard befare it, the use of funds fram the Agency's I?ovu and laderate lncan?e Housing fund pursuant to the Agreement constitutes a la??rful expenditure of such funds and vuill be of benefit to the ProjectArea forthe reasons set forth in this Pealutlon. Section The Agency hereby finds and determines that, based upon substantiaf evidence provided in the recard before It}the consideration fo?the Agency's conveyance of the Site to the Developer pursuant to the #erms and conditions of the Agreement is nat less than the fair reuse value at the use and vrith the covenants and conditions and development costs authorized bythe Agreement. Section 6, The Agency f?ereby finds and determines that} based upan substantial evlclence provided in the recard before if, the Agency's conveyance of the Site to the I?eveloperfor development pursuant to the Agreement and the l?l? gill eliminate bf'rght and provide hauling for lour- or rr?oderate-income persons, Section 7. The Agency hereby finds and determines that, based upon substantial evidence provided in the record before it, the Agreement is consistent Frith the provisions and goals of the lmplen?entation Pfau. Section S, The Agency hereby adapts the Findings of Fact and Statement of overriding Considerations, attached to this resolution as "Exhibit A,}' Section 9. The Agency hereby adopts the 11?itigation Monitoring and reporting Program, attached to this Resolution as ;`exhibit B.,, resolution No. CAA ?0??-??? Page 5 of ? Section ? a? The Agency hereby directs that a Notice of Determination be prepared and filed Frith the bounty clerk a€the Dour?ty of grange in the manner required by lair. Section `l ? . The Agency hereby approves the Agreement in substantially the forrn presented #o the Agency, subject to such revisions as nay be approved by the Executive Director of theAge?cy ar?d the Agency general counsel. The Executive Director of the Agency is hereby authorized to execute the Agreement including without lin?ita#ion all attachnnents there#o? on behalf of the Agency. A copy of the Agreementv?hen executed by the Agency shall be placed an file in the office of the Secretary of the Agency. Section ?2. The E?cecutive Director of the Agency in consulta#lon Frith the Agency general Dounsel is hereby authorized, on behalf of the Agency, to make revisions to the Agreen?ent?rhich do not materially or substantially increase the Agency's obligations thereunder or materially ar substantially change the uses or development permitted ors the Site, to sign all documents, to make all approvals and take all actions necessary ar appropriate to carry out and implement the Agreement and to adrninister the Agency's obligations, responsibilitiesond duties #o be performed under the Agreernent and related dacun?en#st ADOPTED this ? day of 2D?D, Miguel A. Pulido chair APPROVED AS TO I?O?I?I: Joseph Uv. Fletcher Agency Oer?eral counsel A1?ES: Boardmernber: NOES: Boardmembers: ABSTAIN: Baardmembers: NOT PI?ESEi`VT: Boardmer?ber: Resolution No, CRA 20? ?-CX Page 6 ?? 7 ?RTIFIATI?N ?? ATTESTATI?I? A[VD ?RIII?A?,1TY I, MARIA ?. I-IIJI?AR, Seere#ary of the Agency, da hereby a#tes# to and ?ertlfy tl?e attached Rec[ufion No. ?0? ?- #o be the original resoiufion adapted ?y #?e ?ommur?ity Redevelo?n?ent Agency of the pity of San#a Ana cn , ??? 0. Date Secretary or?m€?nl#y Redevelopnner?tAgency cf the icy of San#a Ana Rea?u???n No. RA 2?? 0-? ?ag? ? of 7 Exhibit "A" Refer to Exhibit O of RFCA Exhibit `B" Refer to Exhibit P of RFCA EXHIBIT H AGREEMENT FOR ACQUISITION OF REAL ?'R0?'?k?TY AND ESCRC}W INSTRUCTIONS -PROBATE ACQUI3??'ION T A?P?lF??, entered ?nf? phi ?,. ??? a April, 2??, by and he#wee?. the ??. ? ?.T.????.?Fl?` AL?i?? ?F ?`? i`fs' ?F A?`? A?'A, a publj? ???y, c?cxafc and p?li#ic ?hercin??cr ca?ied "'Acncy'"} and F?iarlk J, ????? and ?r?ndo? lc?uinne? ?"c?ler"?? '??? ? ? T for and. i? anidera#ion of six promises, ca?renan# end a?????cnt? hereiaa?cr sc? for??h, a?? ?nhjec? ?o the tcr?n?, ?4ndi??or?? and pro?iion heroinaf?er s?? ?orfih, ??ier a?reos to eii to Agency, and Agency aee? to p??rc?a?e from Suer, a? th?# n red ?ra?e? ?hereinaer referred t? ? "paid real ?r???r???'? cnns??ng ?f ??o parco? ?A?N? ? 3?8? ? ?-??} desoribed a? foilaws; fee ?xf??it A ?a?n?y .own as ??? ?a ??? ?.?ee#, Santa Any, ????i? laid gale and pnrahac o?`d real ?rope??r shall ?e in aecarda?ca wig anal ?u??e? ?? ail afZe fall?win tc?rus, . candi?lan?, prornt?cs, covcnau??, areenaen# ? ?rovi?ian, ?? wit; ? ? o?y?? bar e???, Seiler agrees to canvey said rcal pr?pey to Ac?.cy, by ?.t Deed, at e o of ?Id ?epuhlic ?'itle an?pa?ny, ?5? ??`? Stree#a uxte i?0, hand, .? 4??? ali?a??nia, ?`he closing will acc? n? later #l?an ? ?o?#h from faxaaai approval o #his Agreement ?? Ager?oy'? gov?rnang lady, Age?c? naay, ? ?igh? Bend the ecra?r period o??ce ?? ?0 days, ?, ;?it?e to he anvevcd? feller gees #h?#, except ?s ? h?r?in??r h o#hcrise e?pressly pra??dcd, ??id real ??'a?e? shall he c?nvayed ?? cellar #? Agency, as afaresard, free and clear of a??y and all ?cndi#?ans, res#rictians, rose??a?ion?, e?cepti?ns, ???n??n?, ass?ssnlen?, prat, lip#a#xans, encn?Orances, liens, leases, clouds ?z' ducts ? ????? e?pfi ?h?se e?eept?ons shown in paragraph ? 4 ?elow? el??r he??ehy warrants fat the #le ?v said real proper #a he or??reyad by Seiler ?? Age?y sh??l ?c f??ce and clear as above pro?rided, cller f?u?her agrees ghat acee?#anca b? Agcncy ?? any deed #Q said roal p??operty, with ?r wi?hau? ?.owled.?e of any . e?ndi?io?, r?ric?ions rese?ra?i?n, excap?an, easement, ass?n?, p?+a?'??, ??????on, cncuh?ce, ?x?n, lcase, ci?ud or defcc? in ?i?ie; shall ??# c?ntx?u?c a waiver ?y Agency of its right #o the fnl? and cle?x ?i?l? her?bo?e a?eed to be conveyed by clle?i to Agency, nor of any right which migh# accrue to ?ge?ncy beca?sa of the ?ailnrc ofSellcr to con?rey #?#?e as hcrcina?ovo pr??i.de?, 3 s ?It e uranc , e??er agrocs to deli?rex? to A?ney? eoncuxren?.y v?ith the conve?ar?ce of said red. propey fia ,agency, #hi? tine tie and. at e place ?erc?na?o?c specified far said c??vcyane? a? said real p?opet?y, a po?ioy of title in?uranco to lie issued ley the abn?a n?er?#icned. ?i?i co?npan?, with the agency #here? na??ed as the ?sured, in the total a?aunt of two hu??dred d t??y thausaud lolla??s And 01??0 ?$??Oy00D.0??? ?g ?e #itle ?" the Agency to said ??eai prope?y as free and clear of any ar?d all ?o?adzd.ans, raslc?on} reservation, exccp?an?, easements, a?asrn?n?, px*o?, lin?i#a#i?ns, encun?i?rances, ?iensa leases, clouds ar de?ee# i? title, exeep?ing such specify ones as Acncy may hereit?al?er e?pxesly agree #? #a?e subec? to? Accep#ancc by Agency ? any sash policy of insurance, whether such insurance complies with the requh?em???? of this paragraph or rat, shalt not canstite a w?i?er ley Agency ?? its ?righ? to such insu?au as is herein re?nired of Se?Ier, nor ? waiver ?y the Age?e?r ? auy right of action far damages oar any ather rights f which m.?y eee Agency by Masan of the failure of eiier to convey ?i#lo ?r f? pra?ide title irz??ra?ce as page i ?f f ? Exhibit H Agenay, each ?? hail be sae?y re?pansih?e far any broe? or broker f? in con?unctia? with this traaeo?, 1 ?? ??3azardaus ???, ex?her ale?? nar, to the hes# of Seller's awiedge, any pra??aus nw??r, te?ant? aceupant, a? user of tha ?rapnr?y used, generated, r?iae?, diseha?igad, storad, or di?pvsed. of and ha?ardaus wane, tox?a subs?anee, yr re?afed rna?erials ?'?a?ardau? ateriai"? o?, uuder, ?, er about the ?'raperty, ar ?xansa??ed any ?a?dous ateria?s t? yr ??om the Fr?par?y. Seiler ?ha11 nab cau?so or parn??t the prene?, ??a, genera?ian, re?ea?a, discharge, storage, ar dispa?? ?? any ?a?arda?s a?eria?s on, under, ?, or about, ?z a tranpar?ation of any ?ardaus ?ate?7a?s ?a ar ?on?, the ?rope?,y. the tez? '}?a?ardous a?er?al" ?hai? uaean .? ?n???n??, ma?e?al, ar waste ?vhich ?s ar beoa?es regulated by any ?oaal ?overnenta? ?.n?hozity, the S?a?e ?f ?lif?a??a? er tha `?r?ted S?a?e? aver?ea?t, inaludiug, but nat ?in?jt?d taa a.ny ?aatari?t ox substanr? wh?oh ?? ?i? de?.e? ? ?. "ha?ard?u ??aste?', '?e??rne?y l?a?ardo?? v?as?e"? nr "resa?ed ha?ardau? wane" und.?r eatian ???, 5th ar ?1??,7, or ?lted pursuant to Sec?ian ??0 of the ati?ar?ia. ?eal?h and Safaty fade, ?i?isian ?, .hapter .? ?a?ardous waste ?an#ro? haw}, iii} dammed "ha?ardvus sub?taneet' under eet?on ?3t afttia ?.ifoxz?a.eat?h anti Safety bode, ?i??s?o? ??, hapte? 6t8 ?arpenter??r?sioy?Ta?ar ?a?a?•d.aus ubstaneo ?ccaunt Aat}, viii} ?e?na? as a "ha??r?aus rntea?`?, "ha?ard?u ?b?ana??`, ?r "ha??rd?us ?????e" under ec??? ?SOt of the ?a??`at?ia ?ea?th and Safety bode, ???ision ?a, chapter ????? ??a?a??dous ?a?rials a?aasa response ?lar?s and ??r?ri?ozY?? ?i?t} deed as a "ha?at`d0u sub?tanao" under Sca?ior? ???? o the Ca?fornia Haa?th d a?faty bode, ?i?isiar? ?Q, halter ?,'l underground' toxa?e ?f??a?ardous ubsta??ae??, _??? petro?eum?, ?v?? asbestQS, ??vi?} pa?yah?or?atad b?pheny?s# ?iii? lificd uu?ex ????? ? or de?iued ?? "ha?ardan?" or "e?tr??ei? ha??rdaus" pursuant to ?rt?G1e ? ? of ?'it?a ?? a? tha u??farn?a ?drn?n?strati?e dodo, ]?i??sien ?, halter ?0, ???? d?s?gnaf?d ?s ? "?Ya?a??dau? ?uhstanc" pursuant to Sea?ion ? ? of die iaan. dater Aot, ?? T,?,,C. tt7}, ??? ?ief?ned as a "???axdpu? ?v?ta" pursuant ?? Seati?n ??0? of the l?eourca o?se??atian and acavo?y pct, ?2 L??,. S??a? ?t sue, ?4 ??, 5???3} or ??i? defined ?? ?. "h??ard0u substances#' pursuant to eeou. t?? ??` the o?apreheni?re ?i??iraen?tat response, ?ampen?atian, a 'l?lded ?? ???????1ty ???, ??? ,??. ??a? et ,? ??? ?.r. ????r I7? ?on?p,?ia?ca with ???x?xatn?r?fa? ?.? ?? the best of elier? knowledge e ?roper?y cen.?piies r?th alt app?cabte haws and. ga?e?Fn?r??a1 ?eg???at?ons i?ciuding, w?thaut ?iit?.tiou, ??? a?p??cabie fedeza?, state, ? ?Qea? laws pertain?g to ah{ a??d grater qualify, ?a?ardaus wash, waste dispos??, and other en?iranm?ntai ?na#ters, inaludag, bnt net limited to, the dean 'ater, dean `A?r? ?edera? ate ?ollut?on ontro?, valid haste ?]isposa?, I?eaurae or?servat?an? eea?ery a?? ???•el?ens??ve n?ririomm?tal ?aspanse o?pensat?a aid ??ab???ty acts, the a???oru?a ?rl?tronmer?t ua?ity Act, and tha rues, regulations! and ardinana of tha Setter with which the subject pzoperty ?s ?oeated# the al??`aa ?epa?ment off' Z?eth Se?r?ces, the egionat 'ter u?? control hoard, the Mate water esourc on?ol Baar?l, tha ?n,on?ne?tal protect?ou .?ge?cy, and a? applicable federal, state, and focal agenc??s and b?areaus? t ?, de?i ? feller agree, to ?demni? defend aid held the agency harmless fi?oa and against any cla.? action, suit, pracding, loss, cast, darnae, ?iab???ty, deficicnc?, t?u?, penalty, ?un?tive damage, or e?pcnsc ?r?ctu.d?? ?i?ha?tt l?n?t?t?an, attn??e?rs' ?ccs?? resulting ?roru, a?s?ng out af, or based upon ??? the presence, ralease, use, enera?tion, d?scharge? sterage, or disposal of ?? ?a?ardo?rs ater?al on, under, in or about, or the transpaxtat?e? o? auy such ate?al to or f?cm, tha ?rope?y, or ?i?} the ola?iari, ar alleged ota?l?n, off' any statute, ordinance, artier, rules regu?at?ar?, perrnit, ?udg?ncnt, ar ?ce?e reXat?n? to ?e use, generation, release, discharge, s?orae, di??osal, or ?ranpaat?an of ?a?ardaus ??t?riats on, under, ?., or about, to ar ?axna the l?araper?y, ?t?s indemnity shall ?nctu.da, without t?itatian, any darx?age, liability, one, penal, punitive damage, Est, or axp?e aris?g from ?r out of any cta, aeon, suit ax ?raceeding for personal ?njur?r ?iz?cluding sies, d?se?se, or death, ta?.g?ble or ?n?ble property damage, compeasa?or? for last wades, business ?neome, profits or cep ecouo?uc loss, damage to the naturat res?nrae or the ea???ron?ment, nuisance, pa??utien, ccntam?na#ian, lead, spill, re?ese, ar ed?.er adverse e`ect on .e en?+irc?ent?i This inden?ni a?tends ?r?y to liability cxe.ted ??.or to or up to the date this screw hail close, eller shall not be Exhibit H ?otr?ista,??? the p?v???an ?f ????? ?d? ???#io? ? ???, e?Ze? ?e?eh? ?r?voc?b?? ar?? unon?t?ar?al?? ra?e?se? and ?`o?ever ?isal?ax? ? ?enay and each ?d all o? its a#?'i?e?s, aenf# ??e?t?r?, ?upe??a, ?mp?o, ?e?ze???????, and ? ?ucr?ssa?s and a??i?s and ?? persons actin ??, thr??th, u???r, ? canc?? w?#? the .? er?c ? au ? ?1? ?hg?s, ??pfain#? ??m?, aid ?abil?ti o? ar?y ?C??d ox ??tur? ?? ? ? ? ?? ? _? ?? ?? ??rh?ch ?rh?toever, a??n ar u?o?, suspected ?? un?usp?c?ed ?here?na??? ???`e?ed ?a as cla??a or ?l?.?m? ? e?ler at y tYme heret??a ??d a? e?ae? #? have ar ?vhxeh e??e? ?t any ?e heraa.?er ??? av? ?r c?a? t? h???, in?ud??, ??r?thout lirnitio?, ?a? auk ail e??i?s ?e??te? ?r ?? manner ??ai??n#a? to this ??iac??o?? ? 'Z?? ????`, the parties h??e execr?fe? th?? ?greee?r? oftha date ?t ?tteu abvv?? ? p?hlie bads, c?rparate end po?it?e IV?a?? ?. I?u?? ecr?tary, ?e?eve?apm??n? A??ncy ?'oseph `. ??e?ch agency enea? ?vuns?t ??hia ?? Bison ?xecuti?e ??rectox E??T?B e; ?r k ?T. ? ra 'ae: ????r?dn ????i???ess ??? ? ?? ?? ?h i b?? ? AGREEMENT FOR ACQY.JISITI4?F OF REAL PROPERTY AND ESCROI? INSTRUCTIONS THIS A.G?.?.EI?rT, entered i?rta this day of ?'?l?ri ?, 0I ?,1??? acrd bcteen tha ?11??1T"? R?I?????.OI?NI?NT ,??E ?? THE ?T? ? T? Alfa a p?rIic I?ad?, coz`?or??I? and politic ?h?r'eirra?er called ???gerrc?«? and. `rank ?? ar?d olare? I•?. ?eg??ra ?"Seli??ra,?? '?T??TH I;or and in carr?dr?tlan of their" pr`o?nisos, ca?en?xrt a??d agrcerner?t hey"ci?r?fter set fo??th, acrd sul??ect to the ter?t?s? can?Ii#ians aid pr??isioz?s hcr?inaet? set foi~?Ir, e?ler agrees to sell to ?.?rrc?, and ?gen??? ?gr'e?s to pur`ch?sa fi'on? e??a?"x all that ceratairr read proper`#? ?izer'eina?er r`efrr'cd to a 'said Veal pra?ert?"? c?nsist??} aI' ?o 1 par`eel?s? ??P? # ? ???? I I ?a?? dcscr'ied ?s follows: fee ?xhibi? A ?TTt?CHED H?TO A??? ? THIS I?I???R?NI? ?AI?? ? I??I?T kt?R??T? ?o?.?r?arr?? mown as ?iI3 East ?+?? t?.'e?t, Santa Aga, A 9?'?ai? Said safe ??? u?c?ra?c asaid read pr`apc?`ty shah he ??? ccordarrca with ?r1d subject to aid o?the ?o?Iowing #e??ns, cOndr#?ons, promrses, co?erlarlts, agr`eenrents and pro?rsrans, to wit: l r on?c?atrce ?? feller,, Seller" agrees to can?e? said real proper`t? to ,Agency, ?? grant Deed, at ttre office of old Re trhlic Title ?arrrpany, 555 I?€? Sheet, Suite ?I?a, Oakland, A ?4?D'? ?ali?o??lria. The Closing will occur na later.` thtr t??or?ths ?.+a?? ?'o1Rn?a1 appra?al of this Ag-?.'eeirxent by Agcnc?'s governing bocl?? Aer7c?r ?na?, h right, e?te?r?l tiro ??C?'?w period orrcc by ?0 days. 2, Title to Ise ?n??e?e? Seller agrees trat, except as rrra?T herei??a?er' be athel???e e?pr'essly pra?ided, said real prapert? sh?li be eorr?e?ed. bit Seiler to 1?errcy, as aforesaid, fiec acrd c?eai" of ?? rrd ??? co?rdit?on, refrietior?s, x'eser?atian, exccptians, ease???ent?? ?e?snrents, pr?l'it, Iirnitatians, encumbra??ces, liens, leases, cauds o?? ?e?'ects irr tithe ecelat those e?eeptions shaven in I'aragraplr 1 ? belo4?+ Seller hereby w?r???nts that tl?e title to said x`eal pr+aper?? to ?a can???ed ?? feller to ?gene? x.11 Ise f??ce end claar? a.s I?o?a p?`a?i?c?., ??1?r fu??I?e?' agrees tl??t acceptance by A?ganc? of any deed to said real ?rr?per`t?? with or? without l?rowledge of ?n? C?nd.1t10r?# r???"l?l??r, ????1"4????a?? ??'??p?lan, ????I??1?? ???Q?I??I??a ?ra??, lln?1???Or]? ?n??????1'?1???, ?l?I?, ???5?? cloud ar' defect in title, shall tot eonstit??te ? w????er ?? ?gc?o? ap its right #a the lull and clear title her+eirYal?o?e agreed #a be corr?re?ed by Seller' to ?gerrcy,l?ar? of an?? right which ?ni?ht accrue to ?gena? because of the failure of feller to can?rey title as hcreirraha?fe p?•a?ided. 3. Title Insurance, Seller ag?'ees to deliver' to ?genc?a caracurrentl?? ??Fittr fire canw?ance of said ?`eal p?`ope?`+ to .gency, withitr the time aid at the place hc?`eir?al?o?e spccil"red for said car??a??anaa of said r"cal ?r"apa?'? a p???a off` title ins??ran?e f? he ?s??d b? the a?a?e ?.?n?io???d title aapa???, with #hc ?genc?T ?h?t??i?? narrred as the il?ured, in. fire total aaunt of four` i?u?adxed tl?a?a.uc? DollarTs A.nd 0100 ???aa,a???aa}, insur`irYg the title of the A?e?.c?? to said real property is fine arr clear; ai' and and all corrditian.s, restr`ictlar?s, rese?"?at?otrsa ??G?pt?aXl?, ???errt, ?s??rrl?i?t?, pr`?.t, ?rn?.???.t1(lnS, e?rCUnr?ranC?S, ????r5, ?????, ?{??d.S [fir d?f?C?? ?Il ??.?lE, ???epttng uCh Spei?iC oi?es ?? ?genc? ?n?? he?'eina?e?" expressly ag?'ee to tike s?rb?ect to. ?,ecepta??ce I?? agency off' atr?f such policy of irrsur'anee, ???hether" such lnsur'ance can?plies with fire r'euirenlents off` this p??"agraph ?r` ?t, hill not canstit?t? a w?tv?r bar Age?rc?? aI` its right to suoh h.?sru'atrce a is hercir? ?'equired of Seller, nor' a wai?cr ? the ,agency of arr z`iglr#s of actiax? far' damages ar and athe?` rights which n?a accr??e to ?gerrcy by reason of the `i?ur4e o? Eller to co?r?e?? title ar to pro?i?e title insur?t?ce a req?i?`ed i this Exhibit H ?'aernent, ?., ?scr'??? ?, enc a 'ee to o en o?ara?? at the of?iee of did epuhlie ?'itle Corrrpan?, ?5? ??? street, ? ? ? ? quite ? X03 ?al??a?ld, . 94a'? Cai?farr?ia Atha scra?? A?e?t} ??itlrin ?"rve ?5} dais ?'ron? and afte?• the data a?x ??hich file e11er has ?p?ro?ed tills Aree?enta ?hYS A.ree.et c?n?titutes the ?otnt escr??? instr'?retlon of the ??ene? acrd the elar and a dlrpliaata original of t?xs ?.g?:ea??ne?t shall ha deli?rer?ed to the ?setFo??r ?.gant open the oprr?r?g of fha escra??. The scro?v .gent hereby ?? errlpo??e?+ed to aet? under this A?`eer?ren.t, .nd open lndlcat?v its acceptar7ce a?th?s ectian ? and o? the General ?rov?sroras de?cr?i?ed ??? ?xl?ib?t t'B" attehed hereto and i?reorporated herein ?? this rafarer?ce, in ?vt•?t.in, delivered to the ?.gane?T arxd to the Sailer ?ith?n ?rve ??? dais after d?livar}? ?f this ?t'aa?rrent, shall ??? arrt its dirties a ?cro dent hereunder. ?.ger?c?r agrees to hear' rrd ?scra?? Agent 1s hereby al?thari?ed to clrar?ge to the ?enc? the cast o.£ an?r t??ansfer taxes, ??eeor'd?g fees, east of title ?ns?r??r?ee, t`econveyarlea fees, daenn?errt prepat'at?on fees, esero fens and any other cl©sin costs incidental to the eanveyir?g of said zeal pr'ape??y to Caney, Penalties ?'or prepa?n?ar7t of h?na ode ?bligatia?rs sec????ad h any existing deed of tr'?rst or mar?fgage shall be ??ai?ed ??utirt?nt to Civil Cade Proced??r?es eetio?? ?????a, ?h? li?hil?t? to the Escro?? agent under this Areer?3ent is lx?fed to per?"o??n?ance of fire obligations irnpased ?rpan it render; eetian ?, eetia? ?, Sec?.on ? atld ?xhihit ??B'? of fire Gerrerai ?ravisions o?tlris Ag??ee.entF ?, ?rope?? ?axe? such ?aa.1 property t?x?S, if any, err said ?;aai ?rape??? fay the s?a1 ?a??i ??it?.irr ??ric?r said real ro art is cor??eyed to ?geney as ar?? repaid at the tina? of said conveyance shall be clea?'ed and paid ? ? ? in aecor*d?nce ???tlz ??e p?`a?i?io of section ???G of the Revenue acid 'I?a?atlan Cade of the #?tc of Califarrr?a? feller shall he ell??b?e for a refund ??ndor? ?ec?lan 4?'? of the ?a??n??e arrd ?'axatian Carla of the State of Cai?far???a ?'or that por?ian afprol?er? texas orr said real property fo?? said seal ?c' ???hich have been aid prier to the date the dead eonva?r?rrg said real ?r+??er?? ?o ?enay ? ??aaor#de? ??h?e?r ?s a?laaable t? that pa?ian of the fiscal dear' ??lrich hauls an the date the deed can?ayi??g said real px•?per?? to AgaiYC? is r?eearded and made uncollectibl? if rrt?paid by rea??an of Sectian 498 of fire I?ever?ua and ?'axatiarr Cade ?f the state of ?aii?ar*l??a, All ur7paid texas era said ??eal grape f?r? ar?? and ?.ll gear's prior to the Fiscal scar ??i.?in ???hich said co??veyanae is made sharl he hard bar ellcr hafara can??eyanae of said real praper?t? to Agency, C. ??,, n?? ol'????i??ase ?r?? ?genc? g??ees to pad to cller, and faller ag??ees to accept frarn A?ency, as and for the full rrrchase rice fir said ? a#? ? real pro??ert? site?s?, xtlrr?as equi?n?ez? ?impro?errrents ? ? per?ainin to the r'aalt??, good?vxll cif at???, sava??a?rc d?nages? ?r?d relocatio?? clirns pursrlant t? ?aver?rme?lt Code 7?6? et sad., tira total srrln of ?a???* ?u??d??ed tltorrsar?d dollars d ?e?l?a ???Q,aO?,?D?. agency agrees to depas?t laid p?rrcll?,se p1'iCe in escrar? nth the ?cra?? Agent ?vitl?irr '?'hi??t? ?a? dais fton? and after the date on ??hich the gen.c? has approved this ?green?ent, acrd fire sc?v? Agent is hereh?? srrthorized to pad the sai??e to feller upon and after: ?a} Cor???ance of said real property h? e?ler' to Agency as herainahova provided; ?b ?cceptarree by Agency of a ??ai?t Deed aan?a??rz said rear proper?t? to ?.genc?; ?c? Dalr??cry t? Agency of the palia? of trtla ?ns?rrance ?s hereina??ave provided; ?d? Rea?r'dation of the Deed corr??eyrn.g Bald Taal property to Agencyr '?? Possession, cellar' agz?e to ?-eiivo?; to Agency, on the date the Deed corive?lr?g said zeal p?aper?t? t? Page 2 aF f i Exhibit H ' +ecorded ??e? arrd ?e?eet osses?on o? said rear pr?pertYs ????ier? shalt bo made f?•ee b elier? off` alb ?ene? t ? r , q ? p pe?so?s.l prapez??, a??er•s. Tie ?????? b A erle ?? and breach of ar?? e?vearrt ar areerr?ent he?•eirr eQr?tairred on the S. ? ? ? Y , a?•# ? e1?oi? sharl nat be deemed ort ?reld to be a ?raiver• o? and subsec??ten? ot• other breacr? ?? sard eo?er?ant or p ? ?ee?en? nor a ??ai?er of and breach off' and other covenants o? ag?•ee?ents con?ajned ??ereirr, ?, ??e?rrs psi etc, 'his A ?enlerr# and all #ile ter•n?s, covenants a?ad eondit?a?s her;?o?, ???al? .ppi?r fi? arrd bind the ???ix?, ' } e?eoutor•S, ?dr.?nitr?at?r?s, successors acrd assi?s o? the r•espe#ive pa?•ties ??ereta, ? ?. ??nre is alb the ?senee, ?rl ail matters arrd ???ins ?rereu?nde?? to be dote and in alt parnent ?ere?rnder to be made, tirrxe is a??d sha?r be ofthe essence, lr. ?eriision ?? ?t?ter on Premises, e?rer b,er?b r•arz#? enc?, and its author??ed a.er?t?, permission to errter• a are said read i•o ert? at air rease-na??e tines prior to Grose Qf escro??r for the pur•?ose of makir? ?reessax? ? r? p rnspectiorrs, ?, Just horn es?t?on, ?r?er ae?ro??tedes and Drees that paid pure?iase price is jrrst cor??peYrsation ?? falr rr? r•?et ?ah?e ?or• said read ro er•t and i?rc?udes and ar?d aid ?xt???+e atl? ec?u?pr?le?t, goed??rill cif a?a?? end a p p ?' sever?rrce, ' The n?aili? address ofthe ever ? ?? or?t?a Papia?• ?•?e?, nt?- ???{r, ali?a???i?? ?'??. Tire r?airin address ol~ the Aenc? is 2? ivi? eater ?la?a, ??5, arlta ?a, a?i?`o?•ni? 9??4? , ??4, ice tiorr, ?. er?c a tees to accept ti#?e ?? said read prapex•t? sorbet to the folla?v?I?g; ?? ??ceptio?xs, ?p? ? ? i f ?ntiro ? t{eernerrtf ?Io l?roers, ?? is ?nutual?? agreed tir?,t the ar-ti?? hereto have herein set forth the hote off` t?ei• ?. ?eemer?t? ?er?a??rnar?ce ??` this ?eernarrt b? .?elrc? sham rah at res#, e?er?, eye arrd .ll ????? that ??ere raised o?' co?r?d ha??e beery raised ire coz?nec?io? ?vith the ac?uisitiorl o? said r?e?r prot?et•ty h? ?? , ? enc f ?aeh ash shalt be so?er? r?spor?sib?e for and brol?crs or broker fees Yn ??n?unefran ??rr#h is ? ? ? ?i•ansaet??rr, r ?, ?a?ardo??s rite, e?ther? erler. nor, to the best of elter?s l?no?edge, ar?? previo?rs a??i?er•, #ena?rt, Qce?r ant or ?rser o? ?e ?'r•o ert used, ener??ted, rereaed, disehargcd, stored Qr disposed a? arr? lra??r?dous p s p ? ??aste to??c substances, or r?e?ated ru,ateria?s (t`?a?ardox?s ?ateria?s""? o?, ur?der•, ??, ar about the Fraper-?r, oz? trans o??ed an a?arFdous ateriars ?a or horn the ?r+operty, e?ler• shall nat cause or pe?.rit the presence, use, p ? ? ?' ?• in o? about or the ?ner+a??a re?ease? dis?r??rge, sto?a?e, or drsposa? off' ar?? ????udous ate?rals on, rrr7de , , trans oration of art ?a?ardous ?at?rkia?s to o? ?.?on?? the Pr•aper•t? #?'he tee+?r? "'?a?ar•d?us aterial'? s?iall rnearr ? ? an subs?ar?ce n?ater?al or 4vaste ?hieh ?s or becQ??Yes re?trlated by ar?y ?ocar ?o??ernn?erx??l arrtrxer'ii?, fhe state ? 3 ?' ar?fornia ar the ???i?ed takes a?ei??rneut, inelud?r??, but Trot li??ited ta, are ?,terial or substau.ee v?i?ich is off' , } ? d??lrl?d ?? ? "h??ard0?ls '4'?as?e"'s "e?rernely lra?ardous v?ast?", 0?. "????.?.C??d ?ra?ardous ??as?e" l??d.e? eG?1on ?? ?? ? 15 5 ? 17 or• ?5 ?2?,'?, or; rrsted purs?rant to cetior? ? ?D a?` the ar??or?rxa dearth and afet? bode, , ? ?' 20 lira ter I?a?ar;dour ?'?as?? o?r?ra? ?a?r?s ???? def?n?d ?s 't?ra?arda??s sr?bsta??ce?' un?e?- Sian Drvrsro?n p ? ?S? ? G of the a.lio??ia ??a?th and safety bode, i?ivision ?, b,apter ,8 ??ar?er?terw?t•esre???`ar?er ?a?ardaus ub????.?? ?C??U? ??t , rri? Crefrrred s a 't???ardous rraater?ar", ??r????.rdDl?S substance", or' "#ha?ard??.?? ??aste?? ?t ??r?der ect?o? ?5?0 of tl?e ali?arrr?a ?et??? and a?'et? bode, iv?ion ?4, chapter ?95 ?a?ardous ?aterrals ?eiease lies orrse flans ?.nd ?rr?en?or+??} ?i?} d??ined as ?. "b.?a?daus substaneo'? ?rrrr?ar• sec#?z??? ????? o? the arifar•??ia earth and safety bode, ???sion ?0, l?apter ,7 underground toi•age of ?a?ardaus dubs#ances?, ? et?•oleutx? vi asbestos, ??ii? po??clrror•?nated bipb?n?s, ??vi?i? ?isfed under z#icie or? de?'?ned as ?? p s ? ? Page 3 of ii Exhibit H ?? ?}? ?t. t?e?l?en?el ha?ardo???" ??r?suant ?a ???c?e ? 1 of `?'?tle ?? of the ali'o??.??a ?clm?inistrati?e bode, ha?a? da?? ? F ? ?? ?? ?? ate; ???i??on ? ha tee ?? ?x deg Hated ?? ? ha?ardnus substances p??suant ?o ect?on 311 of t1?e lca ? ?? , ?.ct 33 .,, 1 1'? , x df??acd a? ? "ha?ardaus ??aste„ ?u?'???ant to too 1 ??4 of the ?,esau?•ce { ? ? ? ? ,? i?ratiQ?? and I?eca??t. het ? Ll,., ?b??? ?? ?, ?? 1?,. ?0? ax ?x?? e??cd as a ha?a?dous Manse Y a , s??hstanccs#? ????suant to Section 1?1 of tlxe a?npxeher?si?e L?nvi??o??nental ?es?one, Co?pensat?a??, as 1 amended b? ?iahil?t? Act, ?2, a,? 591 eta, ?? 1?,., ???}. n? lance ?1? ?n???•o?v?xeutal ??.???, '?a ??? best of Seller's kno???ede the ??+a?e? ????l?a v?it?? all l?, Co ' ??e la??s and a?e??r??.e??t?l ??e u?at?on? ?nalu??n, ??r?tho?t l??tztatia??, ?? ?p?icah?e federal, state, a?ld appl?e?. ? ? laca? la??s e?-t??r?in #a air' and ??atex qual?, ha?a??ous ??ste, ???.ste dzs?asa?, and atl?er en?i?Qnnle?lt.l matters, ' cl??di?z b??t Hat ll???ited to the ea?? ?'?atei•? ?lea?? ?i?, ?edcxal ???teir ?o?lution o??t??a?, Solid haste ?r? ?} ? 1 's oral resource anser?a?i?n l?ec?????` an€1 an???e??e??i??e ?n?iron?nental ?espo??se a?nper?satxo ar?d ?x p . pia ilit acts a??d the ali?o???ia ?nviro??ent ??a1it? Act, and. t1?e ??ules, reg??la,t?ans, and o?d?nances ?? tl?e ? ? 11r ???fh1I1 'h1cl? '??? u??'?ct i'0 ??t? is la?at?d., the ?allfat???a ?epa?-tn?et?t al'ealth o1'??Cess the Re?lo?nal ? ? "a?ter ualxt control Bnd, the Mate ate?? esaurc?? ont??al ?a•d, the ?n?rno??cntal ?rotect?an ?ency, and alb applicable federal, state, and local ae??e?es and ?u??eans, ('{y[} h?denn.?it , Selle?• ]?/1yy-,??'?as ?o i??d?r???i?'?, afenc? ??xd l?o??. ?h? ?ena? f?arr??la? ?`?a?? a??cl ?.a?n1 a?l? ?"F F' i 1 1 im ?at?on suit ?xoeeedir? ,loss, cast, damage, 1?a??it?, def?c?e?.cy, ?i??e, per?a?t?, punit??e danxa?e, o?? ? a. , s ? l ? it?clud??? ??ithaut l?t??ltat??n, atta?rne?s' fees, ?•u?ting fray, ar?si?l? out ?f, a?• based u?o?? ??? the elae?se ? s ie?et?ce release else e?7ezatia??? discharge, sto?•?e, ar disposal of ??? ???rdaus atc???al on, u??de?, ?n o? s of t o?# the trays a?`tat?on of a?? such materials ?? a?? Qm, the ?rape?y, ??? ???? the ?ialat?a?a, or alleged ab ? , ? ? , ?ia?atian ?? ??? statute, ard?nance, a??del', rude, reg??lat??n? pe?it, ?udnent, o?? l?cz?se relating to the use, } tic?n ??elease dxschi e Stara e, disposal, or ?ranspartation of a?arda?? ate????l? an, ?n?der, 1?, ar e?xe? a s l?auf to o?? fra?n the bra ??? , phis inde?n?.t? shall include, ?vilhaut l??t?itatian, a??? clan?age, liabillt?, fiY?e, ? ? , ? ? l uni?i?e dan?a. e cost or ex ease a?+isin fi?on? a?. auk of and Cla????, act?an, suit ??; p??aceed?r?g ?`oii pena,p ? ? p , i 1 ?.?'u includ?n s?c?ess d?sea?e, o?? death, tan?k?le or lu.tang?h?e prope??? damage, ca?penation jai. pctsona ? ? ? last ??a es ?r?siness ?uca???e, p?•ofits axl other econa?nie ?vss, dan?ae to the natural reo???+ce ar ?lxe en??ra?ent, ? 1 ? ? 1'?? effect bll t??e en?ira»??e?lt , '?hls ce allut?o?? co?tam?r?at1on lead, spill, re?e?e} o? other adze ? nu?sa? , r ' e :tends enl to l?abilit e?+eated ri?r to a?? lip to tl?e date this escrRo??r shall claw, Serer shall not be ??de???n?t? ? ? ? ? xcspa??sihle fo?4 ac#? o?? ?n?issia??s to act past. case of phis esc??au?. a??t? enc , ?? is ?u?deYistood and aeec belv?een the parties hereto that t??e catr?pletia? of ?hi? 1 ?' ? , ' nd the ecra?? crated hereb $ ?? ca??tingent upon the spec?? acceptance at?d ,pp??a?al o? the tr?a?.sact?a??, ? ? .? A e??c herei?r, The exec??tian of these dacl?ents and the de?i?ex? of sane to escrow ?ge??t cons?lt??tes say acceptance .?d a???+v?al, adif?cation and r?end?ncnt. 't'his ??t?ee??ex?t r?nay not he adil"?ed ?? ?,rne??dcd except ??? ???iiting 2?. NI signed by the Seller` a??d ?.?e??c?. • ' ???alidit , ?tx ra??sion of t.? Ag??ee?r?ent that is ??ne??foi?ceable o?? ir??alid ?? ?l?e canclusio?? of 21, ? .? teal ? y 1? , i ' a ld ad?e??sel afl`ect t1?e ?alid?t ,1e alit, or enf?rce?nent of this ?ee?nent shall bavc no effect, b??t ?? hicl? ?? ? ? all th? ??eminzng pra?isla??s of tl?s Agreement shall re?nai?x in f?lli fo?'ee. 11/f/ a tia??sa ?a tia?? ar?d headi?? ? in tl?ls Ag?•eetne??t, i??ch?dit?g tie tale of this .ree.e??t, are far f.Iid. con?eniet?ce anl? a?xd are ?aot to be co??sidered in co?.st??in this ?.g?een?er?t? o?e??ni? I.ra?. This A ee?ent sl?aii be ga?Te?e? ?? and canstr??ed in accaxdance ?uit? the ia??=s of the 3. State of al?far??al Page A of 11 Exhibit H 2?, ?? ?eiia?c? ? one P ?? Ti7e Qther? each pa?•?y i??s ??ecei?d ???dc?e??en? legal adv?c? from ??s a?or??c ??ith yes ect to the di?isil?iiit? of exeau?ing this 1?reen?eut ? the ?r?eatllng of ?c ?ra??isia??? he??ea`? ? ? Ti?? ro?rls?o?as ??' stns A eect?t shall ?e ca?s??.?ed ? ?o ?hei?• fai?• ?ea??in, ?.? ?.a? for or a?ai?ns? and arty ?a??d t?pa?? a??y attrih??t?an to s??ch ?a??y s the source of t??e ia????o in ?uestionF ??, o Thl?•d ?a?? Bcne?cia? ? This ?g??eement is intended to be??efi? oni? the pales iaereta and ??a other ?et+son a? e??tit? has Qr shaii acqui??e ?.?? rii?# he?•eude?•. ?? ?? To Coo crate further, each ???? hereby ?.?'ces t1??.t i? shall, t??an re???es? a? ?e athe?•? execute a??d i? ilk such ?u??ther document xnc?u?-e ?. st?teten? ?•ent and auti?or??atia?, fa?? earn ?an? ua en?itia??e??ts, ? de ? 3 . dot a.nd ?uhstance xeaa??ahly aec???ble to the ??t to he e-'a?-? end da such othe?• acts aid th??s a ara rcaso??ahl riecessa? a??d a?ro??•iate to e?ct??ate the t?rn?s and candxtior?s of t?ris tec??ent, without cast. ?'?. ?licabili? of ? eenae??t Ta A?si nees, This ?ec???e?rt shall be bhrdi? upa?? and shall inure to the bne?t ofthe s??cce?so?•s aid assigns af??e a??ies to this A.g?Feen?e.t, LrV r 1 A??th??i?? ?? ??VY?t? ? ???RVlltl ll??h Li????+??e? ?'?i?,+?????? 1?? 7T ?????4. aL? t??? ?? i Gl?t????? AA????L?C7 ??? has tl?e er a??tha??i and ri ht to hied their resp?cti?e ?at?ies fo ?acl? o? the te?? of tZ?s ?,een?ei?t, ??d shall ? ? ? .? ?nde?li ? e?c furl xtlcludi?? reasonable posts a??d a?ar??c's Fees, fa?R any ?n?u?•?cs or d?naes #a ,?en? ??? ? ? ?# ? the vezlt that such authority ar poser is nat? i?? fact, held ? tl?e si?atary a?• is ??ithdra??t?F ?neor azat?a?l of??luhits, All ??l?ibits referenced herci?l and a?ta?l?ed hereto shill 1?c ?nca?•porat? as ?f ??, f??liy set forth in the l??d? o?`this ?gree?ncnts 3?? I?clea.se? The a?ies herato llerehy ar4ee that all ?•i?hts ????der eetio?x ? 5?? a?tl?e C??i? Code of the state ?? - ? of Cal1?o??ia are here??f ??ai?ed? Civil Code sectio?? ? 5?? ?ra?ides ?s fol?a4?s? ??? eneral refs does ?a? ex??nd to c?ain? ??r?iicl? ??? cret?z?o?' ?oe? ???? t?nQ?? a? sus?eet to e??t ixa? ?i? favor ? Elie tl?ne a? e?ecu?ing t??c ?#elease, ??hieh if ??no??n bar ?iim ?ni?? hie z???eriaZ?y a?f?cted lzis ?t?lcinen? ???rtl? ???c dehto?.;s? ?a?iths??t?din tl?e r?ovisions of Civil .Code section ? 5??, clle?? hereby i?`?'ev?cahl} and u??conditiotla?l ?'e?easc? and fo??ever• discha??gcs the ?e??cy and each and alb of tt af?icers, age??ts, dircctors, • ? i ; ? r ?sa??s acti?? b ?l?t•ou l? ?ndcr s?z e????sars, er????oyees, ? e?? se?rta?i? e, a?1d its s??ccesso? s and asps and ail pe ? ?, ? ? f a?• in ea??ce?? ??it?? the A enc f?on? ar?y and ali eharg?, ?o?plair?ts, eiai, a?7d 11ab?l?t?e o any ?1nd oz natl??•e ? a • r? • ?? oe?rer lemon or u??l?no?n sup e?ted or unsl??ecte? ?he?•e?r?aftel referred to as cla??n o?. ??ci?i?ns"? ?rhich ?vtlats ? ? e?tcr at ate { t?tne heretofore had ar clain?ed to have a?• ?vhicl? ellc?` at any tine l?c?.?eafte?• ??aay havc or cla??n. to inch?di?? ??ho??? Iixit??ion, ail a??d all ?lain?s related or i?x any ?nat?ner incidc??tal to this transactio??t have, ? Page 5 of ii Exhibit H ? ?TNE ??0?`, ?? p?x?1 ?a?? e???uted his A.re??n? ?? ?f?f?e date ?????? ???i?tt?? above, ?`?'ET? a??? ?], ???ar? ??tar?? R???el??.e??? A??rcy ?o???? . F?e?cb?? ?ency ???er?? ?unse? ????T? I??????P??T ???? a pu??ic body} ?Q?r?te ?.?? po?i?i? r?r?a ?r ????a? E?ec??v? I?ir;????z ???? .? t.?? a?n? ?o???es ?, ??u Page S of li Exhibit H A,GREEN!£?NT FAR ACQUISIT?OIV QF 1?A?, PROPERTY AND LcSCRaW INSTRUCTIONS -PROBATE ACQUISITION T?Z AREI?T, ???te?ed intc #his ? day of Agri 1? 20 ? ?? ?y end between the ??1`T Rl?ll????,D??N?' ??' ?? T? ??T`? ??` ?N?'? ??, ?. public hods, corpora#e ar?d poiitic e?ezuaer ci?d "A?ge?c?"? and "`ucao ?tate? and ? sons wi?? i?dividu ir?terests4' peg signature biociC ??;? ? for and in consideration of #heir prorni?e?, eoven?r?t arrd ae?menfs ??erei?aor sit forth, ? subject ?a ? fe?us, ndi#ions and provi?ion? h??einer pct fob} Seller ag?rce? tv ?oii to A?e?acy, and ?,?cncy sees to p??ehae from Seltor, ail a? certain ??? property ?hercin??e? r??o?ed to as '?sd red p?opcy'4} consists of See l?xhibit ?, ??oor?ly away as ? ? 7 ?a?t ???' treetf Sari#? Ana, A ??"??1 } Said sac and chase osa?d ?eai props ?ha?I he to accar?ance witix end subject ?o aii of #?? l'oiio??ing t??., eondi#ions, p???is, c???n, agre?rne?ts and pro?iSi??s, ?? ????; , ?yanc ?,el?er, eiier ag?? ?o convey paid real p?ope?? to gc?cy, by xa??t deed, ?? the office ??` did ,epublie Title ??mpany, ?? ? ??? S?ee? ??i?e ?? ?o, ?aiclartd, ?? ?6?'? ?iifoa? ?'?? losing wi?i occur no Rater mar?th?? tom for?nai ?pp?ov? of tl?s ??xee?men# ?y Agency's ovetn 1??dy, ?g?n? ??, by sight, extend ? escrow period once ?? ?0 ??ys. ?, ?itla ?o? or??e?r?dd. Seller a?rec,s.that, e?c?pt as ?? hereina?er be othexwise ?xpressiy prodded,said red property shall be conveyed b? Seller to Agency, as afo?esd, ? and clew ??' any and all condiiions, res?ie#i?, r?se?r?tio, excepti0?s, easo?nen#S? assessr?eats, ?ro?l?, Ixmi#?#icns, encumbriees, lien, ?essesy oio?tds o? defects in #?tie except those e?ecptions shown. ? Paragraph ?? bc?o?v: Seller hereby wa?r?nf? #l?at the #itie to said real property ?? be co??eye? by Seller ?o Aganey shall he free and clear a above provided. Setle? fur#her a?recs ghat acceptance ?y Agency of any deed to said red prope?y? wi#? or without l?nowledgc ??' y con?itiau, restrictions ?eerva#ion, eccp?io?, easement, assessmcn? p?`a?, litatio?, encumbrance, lien, lease, cloud o? de"ect i? title, shah not cor?ti?te ? weer lay Agency ofits right ?o ?? fall and eiea?? title herei?aabo?vo agreed tv be ?an?veyed by Seller tv Agency, nor of y right which might accrue to ,A?ency because of the faire of Seller #o coney #itie a hereinabove provided. ?`itle ?r?sur?ace. Seiler agrees to del??er to ?gen?y, eancurrea?tly wig the conveyance of paid peal p?ope? ?o agency, ?#? the txmo €?nd at the place hereinabove speei#ied for said ednvey?nee o? said real pxope?, ? policy oftitle ir?swrance to is??ed by the wave mentioned title company, with the Agena?r terein named as ?e insured, .in a total arnaunt of one hu?d??cd ? ?ee?? tbous?nci l?allar? And l?olt?? ? 11?,??D???}, ?ur?n the ??tle of e ?e?c,? ?a yid ?e?l p?ope? is free and o?ear of gay and l cnr?ditia?, r??tri????l, ??r'V?f i?, ??c?pti?ri?, e?secnts, assessrrtcnt?, pro, lina?#I?ns, encumba?anee?, ??e?S, leases, elv??ds or ?e?`ects i? title} exeept?g such sp?ei?ie ones as Agency any hereina?er e?presly agree to ta#ce subject to. Acceptance by Ager?ey o aAy such policy of ?ttsu???ce, whether such insurance complies wi#h the re?uirernents ofthis paragraph ?? nof, shy got cons#itute a waiver by agency o?`its right to such insurance as is herein re?u?i??ed ol~ e?ler, nor ? waiver by tiie ge?cy of ar?y rights oi~ cotton ?'or damages or ?y other rights ??? ? ?f ?? Exhibit H ich accrue to ? enc b xeason ? the ?'?ilure ?? Sober ?? convey title nr #? pravido tftie instance ?vh nay ? Y ? retluired ?n ?? ?greeruer?f, escrow at a a`?ce of ??d ? ub?ic ?'itie ornp?y, 5?S ?2?' Exeet, ?, Bs. Acnc? agrees #? app an ? ' ? ?akiand ?A. 9???7 ali?Qia the ??r?? ???nt? ?v?#h}n ?v? ?? ?a?? ?arr? aid ?r the ?t? an ' e Helier has a ??ved ?s ?e?en#. ?'h?s Ar?em??? n?t?h?te? #he???a?t ecro? ?ns????n? o??h? ?vhich th ?? }? euc and the Seiler and a dup?cate o?ina? of #?? ?ecn?cn? shall ?? delivered to a ?cro?t ?.g?a?t upon fhe op? ?f the sscrn ?v ? ent her?h is e? o?ered to act under this ??greernent, arzd upon ir?dica#??.g its a?ccpta?ce ?? #his The ?scro ? ?' P # ! t . ttan ? and ?? the general ?ro??s?ons dcc?hed ? ??h?b?t "?" at???hed hereto and incorporated here;? by this fee e ?.n ?t delivered ?? e A ?ncy and to the Seller ?vit?.in five ?5? days apex delive??y o #h?s refer nce, ?? ? ?,?eent, shall caxry auk its duties as ???w A,gent he?eundcr? i enc a ees #? bear and scrQ ?g?nt i? hereby aulhori?ed t? charge to the ?geney the cost of ?riy t?`?nsfer ? ? ? ? `on fees escrow Fees end tapes, re?ord?n fees: cost of t?t?? ?nst?ancc, ?e?Unveyance £ees, document preparat? ? other ciosiu costs incidental to the conveying of said real prope?y to ?,ger?cy, penalties for prepayment a? bona ode o?ti atia?s secured b? any existing deed of trust ar m?rt?age shall he warred puxsnaut to Civil bode ?rac?du?'cs Section ??5,???? liabilit to the ?serow agent undex #his .?green?ent i lixtcd to perfoa?ance of the ?hiiga#ivns ?rnpvs?d The Y ? en it under Section ?, sec#ian 6? sction 1 and ??hi?it ?`??' o?tl?a general ?ravisions o?this ?,gree?ent. ro ? ?'a?es. ugh real ro??rty axes, xf any} on paid xea?l px?p??y fcr the scai year ?v?thin ??rhich said reel rn er#._ is cnnve ed to agency a? are paid at the ?e of said cp?,vey?nce shall be cleared and paid ? ? y y d tin Code o?'t?e State vfG?li?faia? in acnxdanc? i#h the pravisians ?? eciian 8? ?f the evenu? an ?a?a ell?r h] h? ell ibl fox a rafted nndex tin 09??'? of the ??v?n??e ar?d ?a?at?aa? Cade of the State of S lif pia fox fat anion of ro e?y tomes an said read property fir said fiscal ?re?x which have been paid px?or a o P ? ? t? the dato the decd Conveying said xe?l propexty to A??ney is recorded which is all?eahae to that pardon of the fiscat car which be 'son the date dae deed conveying said rca? ppc?y ?a ?.gency is recorded d made collectible if aid by xeasan of ton 4??? of #l?e evenn? and Ta?a?ian Code of the Stara of ?ahforniaF 1 un aid tapes on said r?a? property far any and all years prior t? the fiscal yeas; ?ithir? which said conveyance is made shall he paid by Seller befoxe caa?veyaracs of said read pxopcrty to ?ge?cy. ?. ?a ent of purchase ?ri?, ?gcncy agrees to pay #o Selicr? Ord SeXler ac to accept ?rc? agency, as and for the Il urchase price for said {? off} I real prQpe si#es, ??? e?nipx?ent ?iprovemen ert? to ?? xeal , goodwill cif aar?y?, svcranc? da?ages} and xelocatian clams pursuant to Government bode p tY? ???U et set,, e total sun one hu??dred acid tice?t thousand l]ollars end 'o?14d ?? ?S,o?U?ol??. agency ? ' ' i? ? d? s ?o? and aver a ees tad ai# said purchase price in escxa? with the ??crcw ,?gcnt w?th?n. ?'h y ? y ? ? the cxo? ? end is hercb authari?ed to pay ?e date on wh?e? the envy has approved this ,?ee?cnt, and ? Y the carne to Seller upor?? anal aver: a ?anveyance of said xea? props by elle? t? ?ency a hereinahave provided; ? Accep#ance by Agency of a grant Deed conYeyin said real property to ?ger?cy3 ?a} delivery tv Agency of the policy oftle insurance as he?na?o?ve prQV?ded; ?d? Recordation ?? the deed ?onvey?ng said real pr?pe?y to Ag?n?y, Exhibit H sseslon. elder a ? t? de??ver t? .snay, on the €late c deed eon?e?n? said real pxa?erty t? ?, loo ? uie# and eaeel csscssicn ofaid zeal praperty? h?oh shall he made fxee by e1?cr ofall A.enoy is xecar , q p ? personat p?o?erty, 'vers. The wa??ex ? ? enc of any breach ?? any oover?ant ox aree?cnt hez?in contained on e S, Y ? ? each of std cogent or art of e?ler shall riot ?e deemed o? held ?? ?? a ?a??er ?? any s?hse?uent 4x other bx i ? e?ment nox a ?uai?er of any breach of any athez ca?ents or agreerncnt onta?ncd here, 9. ? eir ?ssi ? ??c,l?rohate ? ?a?al , ? , ?l?s ,A e?ment, aid all the tcrm?s, cv?e?ants and co?d?tior herco?`, sh?1l apply td auad bind the hers, } n.?rrnation ol?the ???? executors, a?n€??rat?xs, successors ar?d ?sa?ns of tie ?especti?e jai h?rety? auxfi co not he r uirc? sul?'t t? entice of ? tuns of the aXa to benel?ciariheirs; ?? a bene?iciarylhelx objects ?y e9 ? J e uizcdw l?u er s?iall h??e '3 days a,Ilex rcccl?t of ?? the tee of ????, coin con?'n?tion of the she ? b ? ? nalica#ion a? a heuef clar o? heir's nl? jcction to elect to e??l this ag?ce??t, h , ?f ?1?a?e out ?pxo?r?I ?? neees??y, feller shall file ? l?et?li?n to eart'n ???? sale Q? the l?rope with the c?, feller shad notify buyer in itin? o£ the c?u conf?rrnation heang date, tiro a?ad Ioeat?vx?. aXi?`or??ia rohatc bode may re?,ui?o a leggy notice to ?? published in a local ?cwspaps? advertising the sale of the rc art t ?f uhlicatYa? ? ?re?uired, l?uycr understands that feller ?? unable to accept Buyer's offer tu?ti? aver ? Y P the e? iration of e eriad set ?`a??h in the phl?hed n?tice? such cage, acctanee a? tl?s offer prior to 1? ? ?tblieatiau is ?roidable. ?` the u? a?provcs the sale to ?3uyer? alb deposit many ?li~ ?Y? held on hahalf of feller shall be a lied tov?ard ?e pal?asc ??ae. ?f the solo is ?.o? co?nrmed to Buyer die to an ovorhid, pP er. If.the sale ?s conirrned b e cast an uy? s de?aslt xnanoy, less apphcal??e casts shall he xetuxned to buy ? Order a'?n aie to l?uycr w?Il be issued by the rat, buyer shall day the balance of the purchase price wltb?n l a ?? fpm receipt o? such nrder by escrow l?old?r ar ?3uyer, ?'ho purchase pace ??fex m??st he at last Ya 9a excerpt of the pxal?at? referee's appraised ?r reMappraised 'value old a pr?pertY} ual?s exempt, l~f the u?chasc rim i leis than ?? pereenf afth? p?ohate referee's appraised ?aluc, Buyex may increase the purchase ? F + • t i sactian and receive a find of buyer's pace to the mum amonn? qu?xedr or may ???thdza?r ?o h Iran de oat, less a placable costs. ?f Bu?rar del~?nzts aver coy conf?rn?atto?? c order coufinnin sale gay be ? ? ?acat?dR Buyer shall pay any am.aunt c court dete?ln?s ?a satisfy any de?ciencles of sale prise, costs, or atlZer lasses ?y ell?? ? Q, ?'lm is off` the Bssence, ?. all matters and tl?i??s hereunder to lie Bono and xn aZl payments hereunder ?? be xr?ade, tune ?s and shall be a?`the sertce. ? ? , ?ennissian to linter on ?re?ises, feller hereby pants ,agency, and ils authar?ed agents, periss?on to er?t?r u on said real propsztY a? all reasonable ties poor to close ofescrovr fox a puose ?ftna?ng ?cccssary inspections, 1, ? t horn aura#iou? feller aclar?o?ledges and ace that said p??chas? prico is just compensation at ?r marl?at value for said real pre?e and i??cludes ar?y and all ?ixh?re ar?d e?uiprnen#, good?xil? cif may} and severance. ?4 loo, The mailing addxess o?the elle?` is ?? autl? poplar treet? 5?.nta A??a, Cali?'oia ???03. The mailing address o?f the ?geney is 2a i?tio Center ?la?a! 1?, Santa A??, alifornl? ???'?1, ??} ?xce tiara , A,?ency ag?ces f? accept ?tle to said peal pzopey subject t? the ?`??lon?: a F?ceptions, ?, entire Aee?eu?o Br?l?ers, ?t ?s mutually agreed that the ?ar?es hereto lava herein set Forth the ?vhoi `?f their ? eoment, ?erfoce ??' this ?gement ?y Agency shad lay a? re?t? each, every gad all Exhibit H ' ? ? ghat were raised oar could have been araised i? ??n??ian with #?e aequi???an of said ?e? property ?? Hsu ? } enc . ?aeh sha1? he sol??y respans?b?e far ?? ?rokera or bral??r fees i? con?unct?an +?#? this ?? y pY ?ran??ctinn? 1 ?, a?ard?? haste. ?'e??e?' Se??er n,or, ?a the hest of aila?' ?no?+?ede? any p?ey??us ?wn??`, ??nan? acau and or uses of e arc y erty used, gane?ated, r?ieased, disahar?ed, ?tnrcd, o? d?spaa?d ?? y a?ardou? ? ? waste to??a auhst?nces, ?r r?Iatod ?n??e?ia?s ?"?aa?dous ?t?rials?'? on, under i, or abv?t the ???p???y? nr a trans crt any ?axdous N?ateria? to cr f?o? the property. e??er shaX? nQ? cause or ?ei? ? pres?n??,use} enerat??n ?a?ease? discharge, s#orag?, or disposal of any ??dnu ]N?ate?ats ?n, unde?? gin, or a?qut, ar ? t.?s aatian o? an a?ardous ?ate?i??s to or from, the propey. The ??rrn'??zardvu? Il?at?ria?" s?ali ?? p Y an subs#anae, material, ?r ????? bicl? is or beca?nes gu?at?d by y ?o?a? ?a?vernxnental a?tharit? ? ate Y of a?ifn? or the ?J?te? states Cavernment, ?r?c?udir?g, but ant z?ted ?a, any ma?aria? a? substane? ?hiah is i dene? ? a ?rha?a?da? ast?'?, ux?eme?? ha.?a?daus ?tast?"? or "resisted ha?ardau ??raste" under eetiau ?? ? ? ? S, ? ? ?'? or ? ???.?, ar I?sted pursus??? to Stine ? ?a? ? #h? alifnmx health a;??d afe?y fade, ??vislan ?4, chapter ?.S ?a?ardous to ??rox ?aw?# ?ii? de?r??d as "harr?aus ?uhstanee" under ?et?on ??? 1? of tie a??`o?ia health and safety bode, Division ??, ?iap?er ?,? ?aen???-??ol?y-Tanner ??vu? ?uhstce cenunt ?at?? ?i??? defined as a "ha?dous rnater?al", ?#ha?ardoUS substar?e", ar "ha?ardOUS wa??e" under sec#?on ???? ofthc a?iforr?ta k?ea?t? and afefy bode, ??vis?or? ?0, hapt?r ?.J a?ardnu? a????ls ?elcas? R arse ??ans ar?d ?n?r?utory?, ??v} d??ed as a "hardaus ?banaa?' under ectio? ?5Z8? of the ali?oa health at?d afe? fade, i?i??on ??, chapter ?.7 'nderground ?toxage ??' a?ardaus uhs#a?e?s?, ? etro?eu?, `?? asbestQS, vii} p?l?reh?Qrinated hipheny?s, ?`?i??? listed under A??a?e ? a? de??ned ? r • ¦ ? ? , "haz?rdo?ts" nr "e?txe?nely hax?rdous" pursuant ?? Axt?cla ? ? of'ritle ?? of ?e a??forn?a ?d?n?s?rat?ve ads, 1??isxan ?, hapfer ?D$ ??? des?guat as a "ha?ard??u ?uhs?ances"pursuant #? ??#io?n ? ? 1. ?? the iaan''ater ?c? 3 ?J??. ????}, ??? ?e?ned as a ""?rd?us ?+aste" p?suant to ect?o? 10a? ??' the esouxce ' ? 'k d?4us ??n?era#ion and ?a??ry het, ?? .?r ?Q? ?? , ?? rF ?9Q3} a? (?? del"?ned A5 a ham sub?tanaes" ursuant to eetian ??? of the ?onaprehens??e n?ri?rr?antal ?e?pone, ?o?apensation, as p Li-111411d?? ?? .R?f???i?? ?VL? ?r ifi ???? 1?k r ??? Ii?f ?????? l7. A??mp?ian?e nth n?irann?enta Asa ?`a the hes# of Sel?e? a?ledge the ?rnperty,eon?p?i with alt ?. l?eable has d overne?tai r?gu??ti?us including, ??r?au? ?mitatio?, all ?pplieah?e feelers#, state, anal ?? ? local Ia??s pe?aing to air and grater ?uity, hardnus ?ast?, a?t? d?sp??l, d a#her en??ronmenta? ?a€??r?, ?nc?uding, but got Limited to, the Mean dater, glean fir, ?cder?l dater ?'vllui?on. ?antr?l, ?oXid as# ??? opal, R,esct?rce ar?serva#iot? recovery and ?o?nprehens??e ?nviro?m??#a? response nmpensation and ?ahili acts, and the $lifota. ?n?h'a?e?? ua?ity ,Act, and tl?e rude, reguatians, and ordu?anc?s of the Seller wit?iin h?eh a sub?eot property ?s lacatedr the al?`orn?a t]epattrnen? nf?cal?h Services, the eon 'ater ualifiy o>a?rol board, the eta#e'ater ?esour? ?nri?rol ?aard, tie t?n??ron?nentat ?rotec#i?n ?,geney? and ail applicable federal, tatet cad ln??? age;?c?es and bureaus, ??, hide ? etler ag??ees to indcn?ni?y, defend and hotel tha ?eney har?r???ss horn gad agait?s? any a1a?m, actin, suit, proceedings bass, s?, da?na?e, liability, de.aaena?r, ?'?ne, penalty, pun?t?ve damage, or ex ense ??ncludi?, ??rithnut ltmitatiar?, attarnaeys' ?ees?a resulting from, arising out of, yr based upon ??} the resenoe, r?le?sey use, eneratiany disehar?e, storage, or dispasa? a?' any ?a?ardous aferia?l on, under} in or p ?l?out, ar ?e transpor?atiar? off' any such materials to ar dram, e ropey, or ???? the v?olat?oz?, ?r alteg ?riaiat?ou, of any Mute, ordinance, .order, xul?, ?eg?ulavn, pe?.i?t, judgment, or license retating to a ?se? genera?ran, release, discharge, storage, disposal, or ?spor?a#?an of a?d?us N?atorials on, under, in, or at?n??t, ?v or ?arr??, e ?roper?y. ill#s indemni?Y ?ha? include, ??thout t?itatinn, any da?a?e, liahllity, Ana, enalt uniti?? damage, ao, or e?cpense arising fram pr out of any oxa??, aC#lQn, suit or procee?in.g for percnat ??u ?inc?udin? sickness, disease, or ?ca? #ang?b?e ?r ?ntaugi?le property loge, onmpensa#ian for fast v?aea, ?usines? hicome, p?at? ar nt?er aaonQruac ios? darn.age to the ?ara? r?sour?e ?? tb? .??xarnner??, nu?sar?ce? po?Iu?ron, contamtu?#ian, leak, sp?ii, release, or other a?versa e`ect on a ?nv?ranen?}f 'phis ?a?e ? o? ? Exhibit H ?de?nnl ??????? ??? #o liab?iity created ?ri0r to or up to the dale thjs eserar?r l?a?l close, Mier s?atl not be ''d spvnsible i'ar acts ar on?is?i?r?s to act pQSt ??a?e of #h?s escrow. nt?n enc . t is understood and a eed between the parties ? hereto that a G?.pletion. of ??? ??. Q ? t?rsacti?r?, and the escraw ereate? hereby z? aontiugent upan the specific a?cepta??c? and approval of c A cup ?er??n, The c?ecutinn of documents aid the deiiv?ry o? ??e to escrow Agent co?stitutcs said ? ? ucceptar?ce aid appravai? ??? lodi?icaticn and Amend ent? This ?green?en? may not be rnadied ?r a?nded except t? w?t?ng signed by the e?ler and Agency. ?. ?a?ial ?nvai?dit . ? prevision. a?this Agreement ?h?t ?? ur?en?'ax?eable or inva?d or the nci?s?on of v?hxcb would adversely arfect ? ?a?idity, iegality? er en?'orcement a? th's A?ee?ent shah have no e?'ect? but all tk?e ?cmaing prc??risiens at~ this Aree?nent shall ?cm?in in fug fora. ??, ?? ions. aptior?s and headings in this Agreerncr?t, ?nciu?ing the title of #his A?e?ment, a for convenience any and a not to be coni?e?ed in cor?s?uing this Agrrnen?? ?? yv?r?? '?s Agrce?ncr?t shah b? governed by and eonsed in accordance with the haws of t?,e Mate of ali?`?a, 4, o e??anc?. B? ?n Party Can 't`he ?e?; ??h ?a? hay ???a??rect ?ud?per?dent ?eg?? a???ee ??m ?t attorne ? with yes ee? ?o the ???i?ibiiity off` c?ceeuting thts Agreement and the rneanin? of the pr??isions herea? Y P 'fhe provisions oi~this gr?cmcnt shsfl ?? conri?ed as to sir fay weaning, gad not far oragainst anypa-?Y hosed upon ar?y at#ribution #a sucks pad as a saur?e of die ?augu?gc ? qu?on, ?S? a Third Party Ben??ciary? his Agreement is ??tend tv hene?t only the pa?ies hereto and ?? other person or enti?r has or shall au?r? at?? rights ?eraunder, ??, ?utv To aa?oerat?_???er? each park hereby agrees that it sh?il, upan regt???t of tho o?aet, execn#a and deliver such rthex dacu;r?en#s, i?ckude ? sternent ren#s d ?uthari??dn fay seelg hand use entitlements, ?? ?o? and s€?hstanc? ?rea?onably aceep?ab?e #a the p? ?a he charged and do such. offer acts and things ?s ? ?reasonabiynecessary and appropriate #? c?'eetue ire tenns and ndi?or? o?`thts g?ee?nent, without east, '?. ?pplty o?`A??enaent ?a ?ss?gt???s. This Agreement s?aii he binding upan and skull inure #o tie benct afthe sncoesso and assi of tho parties t? s Ag???ent, ?S, Au o ' to E?ceante A eem??t. Each undeigaed ?repres?nts and warrants that its signature hereinbeiow his the power, authari and right to bind e? r?spec?ve par?.es to each o?'the terns Q? this Areerr??nt, at?d sha?I ?denuu Agency fu?iy, ?iuding rcasvnable tests and attaey's Fees, ?'or any ?ju?es yr damages to Agency an ?? event that such autharity ar power is ?.?#, in Fact, held by the signatory or is withdrawn, ?, Tr?corpo?tion of Exh? it?? Aft Exhibits referenced ?tr?in and attached hereto shale be i?c?rparat as i? filly set p'o'i in ?c bady of?his Agreement, 3?, etease, Tho pies hereto hereby agr that all rights under ectian k5?? afthe ivii ode ofthe tote ?f?alifoa a hereby waived, civil Cede scc?on i 5?? provides as ?'otiow?: ??A ?e?crl release does ?av? eteud #o ct?irns which the ??ed??o?r does np? k?w ?? suspect to . ,??tlst ?n his ?a?o?r ?? ?e time o? e?ecnting tl?e re?ease? whreh ff knan by him must have Exhibit H mat?r????? a??'e???d ?t?? s??t?em?u? ?i?? t?? ???t?r=?? atw??std?g ??a provisions of i?r?? dada ?eat?o?? 1 ?? ??le? h?re?y x?rava????y and un?a?ditiana? ?else? ,d ?'o???er discra??es the ?genc}? d ???? ? a?1 ??' ids once, ???nts, ?i??a??, Y s? ?iso?s a ?o ees} rep?ase??atives? and. its s??csors and ?ssin? d alb person aetin by, tf??u, un???, ? a ? Y y ?i ?i?i?es o? an find ?? n?ra ax ?u c???e ??? ???nc?r from ?n? ?? a?1 o?ar?s, carnp????s? G??IrI??, ar?? a ? ?v??atsaevar, ?aa or un?ov?ny sus??at or ?nsr?s??e?e? ??az?a?e? ??err ?a as "a???" ar "??ast'? which cl??r at #ime ?erctofore ?? ?r ctmc? to ha?c a? ?k?ch ?c?lcr ?? ?n?r t?mc h??rea??r ?a ha?a o? ????. to Y ?a?ra? ?nc?udi??, vrxthou? ?#?ticn# and and ??? aims r??a??d ar in and per inci?er?t?? to ?? ?raa?au? l `I`mo '??..?C??, ?e pie have e???u?cd phis ??r??mnt oft?e ?a#a ? w?rit??n a??va. .???? Mari. ?, ?.??ar ??r?ta?y, ?devalopcnt A?ene? Joseph . Matcher ,??e?a? ?????? ?o?a?s?? ? puh?ic odd, co?ar?te a?? pvi?i?c Shia ?, ?Calsan ??tfvc ??x?cto? ?????? Et?tas: ?. ? ?` ? • State o????a a ??: Dolores .?. ?#ur? ?s???c off` ??y s afi?i ?s a?ma? r?r ?'. c?ur? state ??` anue? caa fie: ?ra??? ?. a#??r ?e ? of ?2 Exhibit H ?nd?vt?ua? ?n#er#?: N'a??: t??T?? ?], ??anp?e?? ??? Name: ?????? ? ???? w aye: ?e??cuitu???s one: Ri??iar? ?e???xa ''??' ?Te: ?? ???o?? Pa9? 7 a? ?? Exhibit H EXHIBIT J Y ? ? ?r I I I I Yli YYiY ? ? ? ? ? ? ? ? 1?? `??`? ??.. ?.. ?:;?. ???, f, ?.,. 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V??4J?V??V?IIiiiYY i,Y,,,YYYYYYYYYYYYY,YYYYY.YYY.Yl/11111/ill..........?.?ii??..?????....f ..................r ?? ???Y Vaa???•N??a??11111++fYY„YYYYYYYYYYYYYYYY If YYYYYYYYYYl Yl Y/lll,ll„111.,11,..,¦.¦.¦¦.¦¦..¦¦¦¦¦.......... ¦.......... r.Y ?? ???, a111V?? ??li????1???YYYYYYYYYYYYYYrYYYrrrrr+l+rr+ll+llYY+YYYYY+YYYYYYIYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYII IYY ?1fi ?u• D?L? a?? i!?-t?+????????Yr¦YYr.Yrrrrr¦rrrrrrrY rYYYYrrYf YYYf YYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY+++111 YYY S J V?J •/y iJL?Y ? L???a?l ????r?+41?1?+1?? i?#t??S J-li?V?? P??{.lJ? a????V P??a??1.+? ......rrrrrrrrYYrYYrYYYYr, ?????????il l? VI! ATTAH?NTS; ATTACHMENT ?? Y 1 ATTACHME?iT 0. ATTACHMENT N?Y ? ATTACHMENT ??. ? ATTA??IN?ENT N. ? ATTAHNIENT N?. ? ATTACHMENT NC, ? ATTACHMENT ND, 8A ATTACH?'?NT *N`?. 8B ATTACHE ANT 1 ? ?J. ATT? ?P'?1N+T N?. ? ? ?TTA?HIEN J. ?lJ. ? 1 A.TTA?MENT N?. ? ATTACH?VIENT N?+ I DaCSaC114???73?R1312???7?-???1 SITS NIAP LEGAL DI?SCRIPTI?N GRANT DEED B?U?E?' S?PE F DE?EL?PENT RELEASE ?? C?NSTRHCTICN ??ENANTS REULAT?RY AGREEMENT PHASE FS PRCIISS???' NOTE PHASE R? 1 AND PHASE R4? PRMISS?I?Y NOTES DEED ?? TRAIT AND ASINENT ? DENTS PERM ?'F"? ?,E" ?D'?U?I,I"??'?C?' IPT REPORT i ?/? lJi HkJJJ ll? 1 JJ14 ?V?? ?4??4??[Ti A..l?T N?T?CE ?? A???RDA.?ILITY RI;STRICTIDNS LIST OF DEVELOPER'S CONSULTANTS ELIOI?LE TO ?? INCLUDED IN THIl PARTY STS 1?' D?PS?`???N AND D???PMI??NT ARE?I???I1 TOYS DYSP?SITI?N AND DE???P?N?` A.????NT this "Agree???e??t"? is entered rota as of J??ne 7, 200, b? acid bet??een tl?e ??INIDN?T? EDI????P?N'? AI??N? ?F TI3E ??'? ?? SANTA ANA, ? public l?od?, carparate and politic the "Agency"? at?d SANTA ANA STATION DI?'RIT, LLB, a alifor??ia lirr?i#?? liability co???pa??? ?the "D?el??]eI'"?. R??ITALS The following Recitals are ? sa?hstanti??e part of this Agree??e??t, A. Tlxe Age?aoy i a ?alifo?;t?ia rede?Telopmer?t agency acting ??ndet• the alifot•??ia. oir??r???i?it? Rede?elop?nent I?a??, ?'ax?t 1 of Division ?? of the Health Safet?? fade the "?RL"?, Sectiali ???34,? e? seq. of the R? autllori?cs acid directs redevelopt?e??t agc?acies #a expe??d a certain perce??tae of all taxes that are allocated to a rede?elopt?et?t ag???cy purs?r?at to Se?tioi? 336?? fa?? the pu?'poses of inc??easi??, i???pi}ovin at?d preserving the C?lllil?llilit??'s s??ppl? of l?ousii?g, availal?l? at affordable l?o??sing cost, to pc?•so??s at?d fair?ilies of madeiate incairie, ?ei•? lo?v incoirie, and extreiriel? lo?? income, Pursua??t #o Section 33?? of tine CRL, tl?e Age??c?? has estahlisl?ed a Lo??r gild N?aderate Incor??e Housing Fund ?#l?c "?ousir?g F?#nd's?, B, Tl?e Age??c? ?s autl?ori?ccl at?d etr?pa?vered cinder the RL to pio?ide fuildiilg for the productio??, iiripi•ovet?lent, oa? prese?'?ratiot? ofaffordable pausing using tax inci•et?ei?t ie?en?les from the Housi?7g Pui7d, ar?d pecificall?? for tl?e cot?sti?uctioi? of b?zildit?gs or sty'€?ct????es for affordable l?aus?ng units far la?? Qi• iriadei•ate incon?e persons pug;scant to Sec#io?? 3?,??e}?5} of tlae R?, ?, The Redc?elopxne??t Plan for the ?Ie??ed P??o ject the "Iered P??a ject"? was approved b? Ordii?ai?ce has, 2?2-???7 adapted by tl?o pity o??ncll of the it?? of Sa??ta At?a ?tl?e "?it?"? o? Septeinl?ei• ?o, ???4 ?tl?e ?`Redc?relopt??ent Plat," tl?c geograpl?i? bat?nda?'? of tl?e .c?•ged Project is tl?e "Project Area"}. D, Do?elopcr is e?perie??c?d i?? tl? cat?stri?ction, developrrie??t, aperatioil and trianageinei?t of high quality housing ?hicl? ?s affordable to persons a??d fa??nilies of ?er?? lo?? at?d lo?v inca?ne in Solitherri ?alifainia, ?, ?t? fi??+thcrance of file objectives of the RL, the Aget?c? desires to facilitate the ??ede?eloP?nent of approxiiriatel? six ?} acres of real P??opei?tY lacatecl ?vithi?? tl?e pity, pai•tiall? ??ithii? tl?e ho??ildai•ies of the Project Area, ??hicll consists of ?ri??rripro?ed lots and i??p?•a?ed lots with reside??tial uses ??rith certain parcels o?v??ed b?F third parties ?tlle "Additialial Properties"}, ar?d certain parcels o??ried by the Ae?xcy ?`#Ar?cy Pa??ccls'}}, acid certai?? other parcels o???ned lay thli•d parties tl?e "Segura Parcels"? ??rl?ich Agenc?? has a right to acquire p??i•s??ar?t to fi??l?r cxec?ited pl?rcl?ae agrcernei?ts the "Segura Purchase Agreen?etlts"?, Tl?e Ageirc?? Parcels, Addltiailal Parcels and egtri•a Parcels are sho??t? on tl?e Site dap at?d the Additional Parcels aid Seg??ra Paieels are listed ate Attacl?t?ot?t o, ? -?, The Agency is attempti??g to acqui?•e the egut+a Parcels at?d tl?e A.dditioi?al P?;o?erties. The Segura Parcels a?l?l the Additional P?•opertl?s acquired b? tl?e Aget?c? prior to tl?e applicable lasii? shall be included as part of the Site iii DDC5?C11 ???67?tiR 1 ?1???272-? 0? 1 accordance with Sectiot? 207. The Segura Pat'cels al?d atr? such Addif?anal Properties so lrrc?uded p??r'suatrt t? Section 207, togetller with the Agelrc? Pat'cels ?'? referred to herein as the ?` lt?f" ', By this ?greetrrex?t, and Etb jest to the ter'rrrs and cox?ditions herein, the Agency desires to tr'ansfer' the lte t? the Developer, The De?elapel` desrr'es to constrElet on the S1t? affordable rental lro??sing that will be a?railable to arrd occ€?pied b? persolrs acrd families of ver'?f law irrcatrre acrd extrelnel? low itrcon?e, affordable far'-sale lrousilrg that will be available to and occ??pied b? pe?'sorxs and fat?rilies afrrraderate irrcolrre, a??d ?ta?•l?et rate far-sale housing that will be available t? all b?z?ers, pursualrt acrd sEtbject to the ter't?s and cotrditiarrs set far'th itr this A?'eet??et?t at?d firr?lrer' described itr the Scope of]?e??eloptrrelrt the "Project"?? ?? This Arectrtel?t is lrr ful'tller'arrce of and supersedes, with r'espcct to the Site, the PED??EL?P??VT AR?E?II1??' ]??STIT A?T?I? P?AN? at?d P???]??TEL?PET AREEII?I?NT-AE?Y PALS between the parties hereto alyd both dated I?ecerrtber 7, 2009, ?, Tire Site will be colrve?'ed to Developer acrd developed i?r three separate phases ?"Phase ?- ? #?? "Phase ?-?" ?lyd Plrase ?"? pl?t`Llatlt to the ter'nrs of tlrls Agr`eetr?e??t. Pl?asc ?- at?d Phase R-2 shall both cotrsist of affordable rc?rtal 1raElsilrg that is a??ailable to and occEtpied b?' persolrs at?d fatr?ilies of ver"Y 1???' lrlcame acrd extr'etr?el? low itrcalne. phase ? stroll consist of fol'-sale lro?xsit?g, a po?`tiort of?vhich shall be available to a??d occElpied b? persarrs acrd farnllles ?f trrader'ate irreatne, aclr phase rrra? ?1t11?Ze ? S?n't?wlrat drffer'erlt acrd separate fi??atrcin trrlctrtr'e as provided itr rrrar'e detall llr tlrls Agreelxte:rt acrd as rrra? be fttr'tlrer' itnplelnetrted alyd clarified irr oz?e or ??roz`e ?n?pletnelrtatran A1'eerrrerrts ?defilred i?r Section ? 0?}, each phase rna? clOSe separately ira wl?ticl? case the terrrrs set Earth lrereilr for ??os?n acrd sEtbseq?terrt de?'elopr?rerrt shall apply' to each Phase, ?. The parties acktrowledge and agree that the financing alyd other te?`r??s set far?th in this Ag?`cet?reirt i?]a? require adjEtstmerrt to elrs??t'e teat tlrc Project ?tnclUding each Plrase tlrel'e0f} is developed and operated in a trrarrrrer r'easotrably acceptable to the Agency acrd finatrcially feasible far' the Developer'. Therefore, its tl?e event ??? the Developer' is required to find alter'lrate financing sources for the develop?r?e??t a??d aper'ation of airy for all} Pl?ase?s? of the Project, ?ii? ox?e or trrore Phases are s?lbject to a Transfer4 prt?'sEtant to Sectiarr ?D2 her'eof ?otlrer4 tlratr transfers per???itted pEtrsEtalrt to ect?alr ?a2,2?, atrdlor viii} the terlrts of this Agt+eetrletrt as to alre ar tnar'e Pllase{s} of ???? Pl'Oject otlret?wise recluir'es adjrlstlnerrt, the parties trray tregatiate, as rrecessar??, in good faith acrd reasozrably consider enter'irrg ilrto acre oz` snore additional It?rplenre??tat?o?? ?.rectrrcr?ts far each Phase oftlre Pt"oject? ?, A pot`tio?r of tlae Site is located aErtside the Project ??`ea; however, separately Agerrc?? and its legislature body ?i.?., ??? ??ty ?Etrrcll Of the rty? llave detel`lnilrcd that tl?e co?rveyance of the Site specifically, that por'tiolr of the Site that is located o??tside the Project ?t'ea? by the ?.gency to the Developer' and the Derre?oper's constrrrcttan atld de?'elaptrrent of tine Project pur'suarrt to this Agl'eetrrerrt will b of benefit to the Agenc?r's ?e??ed Pro jeer pursuant to Section ????4,2?g??t? of the CAL, with ?"expect to the pol`tlorr of the Site located wrtlrlrr ???? Praect area, the 1???eloper's canstructian acrd de?relopt??ent of the Pr'o jeer orr such ? + D4CSOCl? ??????4'1 J1 ?11?? i ?'???1 paI'tion of tl?e Site puI•sua??t to this ??+?elner?t ??ill h? ?f herre?it to the ?e???'? ?rl??'ed P?'oj??t, the PI•o?ect area al?d its i?ilrabita??ts ?? well as the remair?del' of tl?e cornlrlklr?It?. ?, The Prejeet i vital to a??d i?? tl?e best ?ntel•est of tl?e pity al?d t??e health, safety and welfare of its residents, and rs rn accor'da??ce ??ritl? tl?e pk?hlic puI'poses of applicable state and local laws ?Ird regk?Ire?nents. ??'', T???`??, for' al?d IIl cel?slderatior? of tl?e ?l?kltkl?l prot?ics, Co?etiatat, and eor?clitiens he?'ein cHtained, the parties la?•eto aI•ee as folo??s? BUD, D??`I?TI?? "Ab???e???ef??I?epa???" is defined its Sectiot? 2069, "?fr?c?? .t?o???er?e" ?r?ea??s tie actk#al kl?ov?rlede of tl?e Agel?c? ?xeckrtl??e ?rrector' at?dlot` rlllan? Itte of tl?e ?e?elaper, ??rtlla??t C?klt? of fk?r'tl?er rnc?ulry or' il??estiatiot?. kith respect to developer', tl?e idel?tit}? of the afficer to ???l?ol? ach?al kt?o?vlede is att?•ibklted ??.a? change k1p0I? ?Il? trat?sfer h? Deveope?' p?rx?sx?ant to Sectio?? X02, And such cl?al?ge shall be set forth in tl?e instrklt??et?t s?t?ed by tl?e Ae??e? r'eleasil?g developer as CQI1tet?Ip?at?d. b?? Section ?02??? "?id??iiia?ra? ?'r?a?e?i?ies}' rneal?s certain pI'eperties o??ned by thi?•d patties as sho?v?? on tl?e Site Niap that the .et?cy tr?a?r acq?zi??e a??d ??v??ich will, if ac?k?i?•ed prior to ?i} ?ritl? respect to Phase FS ??itl?in forty»five X45} days of tl?e date of Areelne??t ?II? ?vrtll ?•espect to Phases R-1 a?ad R-?, at least forty-fi??e X45} dad? prior t? the date of al?y subinissiot? ?f a Tax credit appllcatlo?l to TAB be included ?n the or?ve??al?ce ???itl? respect to sk?ch Phase, `??lr?t?r'?r'ot?c?? ?P???er??r'es o?r'??" ?s defined ??? Sectiol? 207, "? f f o????rr?r'?i?,t? .?e??rac?" as to a Re??tal C????t ? def llled ??1 Secflot? 401,2, al?d as to an ffordal?le >?ar-Sale ?I]It IS defil?ecl Ire Section 42,3. ;`A, fo?,da?I? ?'o???`???e ?I??if?s)" ???eans a For?Sale [???it boa, n?k?ltiple ?oa??ale ??its? that islare restricted at?d sold b? tl?e De?rloper to ?4oderate Il?corrle Households pl?rsk?ant to al?d cot?sistet?t ?v?tl? tl?e ter??s oft??s Agl?ee?r?ent? "?? f?o??r??t?? ?a?rsi?? C'os?" n?eans the tr?axitrlk?zx? pk??'cl?ase p?•ice of air ?ffo?•dahle Fay'-Sale 111?it b? a Nladerate ?nco?r?e Ho??sel?od pk?rsual3t to Health Safet?? bode Sectiol? 50??2.?. ?`?i,?fa?+du??e e?rf" means the rnaxirnuln Inol?tllly rent cl?ar?eable foci a Rental L???it as described in Section 4? 1, 5 . "?#e?tc?;" Iean tl?e olnln????ity ?ede?elapl?ent Agency of the pity of Sat?ta ???a, a pk?blic body, corporate al?d poiltlc, exer'cisirlg go?ern?rlental fkal?ctiol?s and powers and organised and existing kinder l?apter 2 of the or??rn?rn?t? Redeveloprner?t 1Ja?v of the State of alifor'nia, al?d any assignee of ??• sk?ccesso?• to its r4ights, powers anc responslbriltles, 3 D?????ll ?00?73??? 31?????2-??? 1 ".?e??cy Deed of ?'r?res?" 1]?eans a deed of tl'l?st ec?u'il?g earl] Pro?]]issol'y Note, as provided in Section 4,4? lt] the fol'?n of Attacl]?ncl?t 9 hereto ????]l?h ?? incorporated 1]el'ein by reference. "Agr?c,?= '.?•ec???ive Dr'??ec?or?" means the xecutl?e I?lreetor of the Agei?c? or his ol• leer esll]ee. "?er?c?= ??r?rtS" is defined in Sectlot? ? 14, 1, "???rrct= ?'r'??e ?as?s" i defined ??] Sectiox] o , ? , "?.ger?c,?='s C??r?dtti?rrs Dr+ece??errf" 1]l??l]S the ?oi]dit101]s ??recedent to tl]e ?Iosii] foi{ tl]e bei?e?t of the Agenc??, ?? set fortl? in ectiat? 204. ? l?erco?. "?gr?eerr?e???" n]eal? tl]?s Disposition a??d ??Veopi]]?i]t Arcei]]ci?t bet??eei? the Aei?cy ???? tl]e De?elopei', "?ssoc????i?r? C'??s" is dulled ill Section 15,4?c??i?. "??[e?" ??]eans ???? dc?elop?rlei]t l?l??g?t foi' earl] Pl]ase attacl]ed llei'eto as AttaC?]lYlellt No. 4 a??d i??caaipo?•ated i?ei'eii] ?? referei]ce, ?`"?1 ?? 1]lealls file ?allfoi'nla ?n?iron?riental ?ialit? Act. ;`"E?4 C'lra???r??e" means an action bro?iht cl]al let??n tl]e ?al?dity of this Agreelnet]#, the hand use Approvals or ai]y elei]?ei?t of ?l]e Project bae a?? tl?e tl?eor? tl]at tl?e ?pp?'a?Fals ?'eq??ired i?eaie???]der 'ailed to cotnpl? with A, "?rr'??? rrr'e 1?aci?r??r" is defined ii] ectioi] ?05,?, "C'i??=" means tie City of Sai]ta Ana, a cl]al°ter city and t?]???]ic?pal corporation d??ly or?anlzed L?nd?l' tl]e ?o?]stit?itiot] ar?d lags ofth State of ali?'or?]ia, "?c?r'.?r? o?? ?r`r??i?if?r" is defined ii] Sectioi] ?o?,S, r???S1r???? r??U?e" al]d ?`?OSe o'?'scr'o}{?>s sl]all 1'efe?' to the ol]?cyat?ce ?? a Phase ?? the Site il] aCCOi'Clai]G? with tl]e provisioi]s set ?oi?tl] Vii] Section ?0 ? .5. Tl]e Agei]cy and tl]e Developer a?]ticipate that tl]ere rill e tl]ree losii]s, oi]e fol{ eacl] Phase, "C?osr'rr? Dade" inea?]s each date of a losit]g, as set fortl] ii] Sectial? 201.4. "C'?rrce??r?r? }S'r'?e .??cr??" ?]?eai?s those plans a?ld dra???ins sl]o??ii] tl]e Developer Irr?pro?e?nei?ts? 4vh?ci] ???clc?de, lout are i]ot liinited to, buildii]g t]]atet'ials, color' l?oal'd, elevations of all foil' sides of the De??elopel? Impra?ei]?ei]ts, prelit]?inal+y Iai]dscape plans ai]d a ?+ei?dered pel'specti?e. "'o??sfr'1?c?fort Dr+u}Vrr?s" 1]l?alls tl]ose plails, specifications a??d dl'a??i?] suhtni##cd to t??e l??zildin? depal'ti?]ent of tl]e pity in sufficient detail to el]title tl]e De?elaper to tl]e iss€?at]ce of appropriate h?iildi?] pel•tnits for the Developer 1r?]proven?ei]ts, 4 D??soC11 ??OG7??F? ?12???72.ODD 1 r?0#?lf??asss ?1, rc0??????r?t?ss al, r?`Ot?V???t?12C????ss I?1d1?1dUa???, 1S ???? ?a1r?Te?al?Ce of a phase of the Site by the Aerrc? to the I?e?eioper on tt?e Claslll date far uci? Prase in the rnarrtrel` set for?ir llr ectialr 2?1,, The Aelre? acrd fire ?e?reiopel` atrticiPate that there ?vil? be thl'ee separate ?alr?e??ances, one far eaei? Prase. "??rfe of A?+e??t??rtf" lneatr? June 7, 2? ? ?. "?t?rf??" i defined in ectiol? 5? l , "??1???o?e??" lneans Santa Agra Statlolr District, LLB, ? a?ifoi'lrla l?nrited llubril??F calrrpan??, or pe?•mitted asince? ?`D?ae?o??e?+ I??t??"o?re???e??ts" lneatrs fire ?o??silr ?lrits and a?ocla?ed itnpro?ernelrt as 1'??ulred h?T this A1•eement to he: (i? ca?rstructed rrpot? ti7e bite ar the appiieable Phase ti?ereof, ???1th related affsite lln?i'o?eme??ts, a mo?'e particularly desc??ibed in the Land ?Jse Appra?ais al?d Scope of De?e?ap?netrt, acrd {ii} operated a affordable housilr in ?alrfor;rni?y ??i?ir the ?erln of t?1S Aree?netrt ???ltir 1`?pect to ltCir Pirase, "?eUe?o?e?? 1??????ics" is defined ilr ectialr 2??,8, r?.??V??????'?S C?D??t??f?D?S' .??`???t???1?s' rr?ea?rs ???? conditlol?s precedex?t to the ositr for the benefit of the De?eiopcl•, as set fot?tir itr ectiotr 2??,2, "?eve??p?rf ?'if?e ???s" is defined i?r Section 2D 1,1, "1x????;ot???re??fa? C'a?tdi?r'o?t" rnean the absetrce or existe?rce of {i} ?Iazardal?s atel•ials alr the ltd, al" {11? ?a?al"d?l1 ?t?t`1??? Corrta?nltratlozr (ll? to t??? ??1???`atl?l? of ?a?al'do?ls ateriais ft`ol?? tine bite, i?o??e?el• stzcir ?aza?`dol?s Materials ca??re to be piaced ??here fou?rd? ?`?t?#1?'o?t?te???t[? L????s" mea?rs any federal, state or local lam, statute} ordinance or r'egrr?latian pertaini?r ?o en?irolrrne??tal rerrlatian, co?rtan?inatian or cleanrrp of a??? Ha?ardol?s N?aterials, il?clr?dil?, ??ltlao??t l?m?tatlon, {i? Sectiolrs ? i ? ?, ?? i i 7, 2? i 22,7 or 2? i ?? of the lifox'nla ?ealtl? al?d Safety bode, Di?iiolr 20, ?lraptel` C, ??a?ardo?ls haste otrtrol La??}}, ?1?} Sectlalr 2 ? ? of the ?allf orlri? I?eaith and afet?T fade, D1?1s1o1120, ira?ter 6,8 {carpenter-'resle?-Talrner I?azardaus uhsta?ee Accor?nt Act}, {iir? ectlo?1255a of the ?alifa?"r?la ?ealtll alld Safety bode, Di?isiotr 2?, lrapte14 ?5 ?Ha?ardous ate"ials release response ?'lal?s and ?l??et?tor?r?? {i?r} ectiorr 2528 ? of the California ?.ealtlr acrd Safet?? bode, Di?isiorr 2?, ?lraptar ?,? {i?rrderrorr?rd star"ale of ?Iazardot?s ub?tanees?, ??} Ar?tiele 9 or A1'ticle ? ? of Title 22 of the ?alifort?ia Adlr?initl"ati?e ode, 1?i?ision 4, chapter 20, ??i} Sectia?r i of the glean atcr Act {3? t??.? l 3 i 7}, {?rii} Scotian i Dad of tl?e Resor??+ce o??ser?atiotr acrd eco?et{? Act, q?2 U,S,C, §?9? ? e? sect, {42 U.,, §?9?3}, {?rll? ectlarr 10 ? of tine olnprelrerrsl?e ?lr?lrarrmental Respolrse, ?alnpetrsation and L?abillty Act, 42 U.S.C. 9?DI ?? secy., or ?i?} an?f state or fdel`l l yen ot4 "s??pel` lie?r" la???, and ens?irorrtrrental cleatrl?p statute or rerllatlon, al` a11? ??1'tl?lt, appl'o?ral, autlrorizatlorl, license, ?a1'?a?rce al` pel'?nlsslo?r 1'??l?ll'ed ?]? alr?l o??erlrmerrtal a??thar`lt? ?ra?ltlg?rr?"l?dictior?. ?`sc??o??" is de?l?cd in Section ??1. 5 DO CDCJI ?I Q?b?34?13i20?27?-001 1 ?`?sc??? ?4????" is defined in Section ? 1 f "?vr'r?e???e of a??s???r?c?r'??? ?'r"r?ut??r?rg" rr?e?ns evi?.erice of f??n?? adequate in the reasonable udgmer?t of tl?e Ager?cy Eecrrti?e Director, to cor?struct and oer?ate o?i market and sell, as a??licable, each Phase oft??e Developer` Improvements, "?3i??????e off' ?'e??t??????e??f ?i??rx??ciftg for ???e ?Re?tfr?? .Pn?????lt of ??r .??#o?je??" means evide??ce of a perrr?at?et?t loan far Please R- ? andlor` Phase ?-?, as appiicalale, ire an a?rrar?nt rat to exceed the arno??nt necessary to take o??t tl?e car?structian lean far` such Phase. ".?ce??fior?s" ?s defined. in ectror? 20 hereof. "?`.????e?}t??jr ?o?? ?rtco?te" ar?dlar ?`????r?e???e?,t} ?o I??co?te o??sel?o?ds" shall meats e?tr?e?rrel? lo?? incot?re households as deft?ed its Ucaltl? Safety bode Sectior? ?IO? ".?r'?ra? ?'?r??s? .? r??s??c?? C?osr'??g ?ctfe" rrreans tl?e last date the final losing with respect to Phase ? tna? occur, "F?r'R?ale ?0??????x ?f ?lre ?ro?ec?" means that porttat? Of tl?e Pr`o?ect that Co??Stt ??` tl?e For-Sale Ur?its ?includir? the affordable For?Sale Units?? ?'he Fot??Sale Por?tior? of tl?e Project consists of sr ??} lots as rderrtrfied ors the Srte dap and shall be cor?str?tcted irr multiple phases, and shall rr?cl?tde and Addrtronal Propertres desig??ated for For`-Sale Units ???hrcl? arse added to isle Project pursuant to Section 207 hereof. Tl?e fforclable For?Sale U?t?ts shall be located ???tl?ln the Far`-Sale Por?ian oftl?e Project. "?'o?' ?`???e ?I?tr'f??)" tneat?s the I?ousrt? r?rt?s? ?rt?clusrve of the Affordable For-Sale Units} that shall be cor?str?tctecl at?d developed on tl7e For-See Portion of the Pra?ect pursuant to a??d car?sistent ??ith tl?e terms of this Agr`eerrre??t. ? fatal of a?roxit?atel?r thirty?t?vo X32} Fo?`- Sale Units plus the For Sale Units to be cor?strricted on isle ?.ddit?onal Pro?erties? shall be canstt?rtcted at?d developed ?y tl?e Developer, rncl?tsr??e of isle Affor`?lable Far-Sale Units, `?or?e???r??e??fr?? ??c???r'?r??ne?r?s" rnea??s all la4vs, ordinances, statutes, codes, rules, regulations, orders and decrees of the United Mates, tl?e state, tl?e cortt?t?r, tl?e ?t??, or ata?? ot??er palrtrcai subdl?rsron rat ?rhich the Site is located, and of at?? other political s?tbdivisior?, ager?c? ot` it?stt??ttnet?tality e?er`clslt?g j?trrsdretlor? over tl?e Ager?cy, the De??eloper, isle De?reloper? In?provetet?ts, at?dlor tl?e Site, ;`?il?l?t?f .?e?d?s}" r?eat?s tl?e t`ant deed?s? for tie ot??teya??ce of each Phase frorrr the Agency to tl?e Developt? far its permitted assig?rees}, lr? isle for?n of Attacl?irrent ?a, ? hereto ??hich is incorporated l?erei?i ??r reference, ?`???ci?+???????+" is defi??ed in ectian X04. l ?h?. "rru?#a?rf,??" is defi??ed in Section 20?.?11}, "I?r????r+doa?s ??fe??rc??s" means ??? substance, Material, oz` ?raste ?vl?icl? is or ?becotnes, regulated b? and local o?erntrtental a€?thority, the State of alifor`r?ia, or the United States overnrnent, ir?cl??ding, but not lir?ited to, t?? material or` substance ??llicb is ?i? defir?ed as a D OC??I1 ?I ??G73 ?t ? 31?0?27?-001 `rl??a?`dous ?Vastess} `reXtt'en?el?? ?la?a?'dous ???ste?ss fit, {ct.?Stt`iGt?d 1?a?ard0u ?vas?e" llndet' Section X5115, X511? ox? ?51?2,7, o?` listed pursua??t to section 25I4Q of the Caiifat•??ia Health and afet?r Code, I)l?ision ?a, Cl?a?ter ?. ?Ha?ardo??s haste Cox?tt`ol ?,????}, ?ii? defined as a "l?a?ardaus substance' under ectio?? X53 I ? of tl?e Califort?ta Health tad Safety Code, Di?isian ?a, Chapter ?,? Carpenter-?resle?-Tanner Hazardous Substance Account Acts, viii} defit?ed as a rrl?.?Zc??`dalls n?aterlal}?s cchazardous s?l??st?nCe,ss fit, c`??azar?ous waste" under` Sectlan 551 of the California Health and afet?? Cade, Dl?istan 2D, Chapter 6.95 Hazardous Materials Release ?espot?se platys and In?entar???, ?i?} d.e?ned a a "l?azardo?ts s??bstat?ce" under ectian ?S?SI of tl?e California Heaitil at?d safety Cade, I)i??stat? ??, Chapfe?` 6,7 ?Ur?det+grout?d to?'ae of Hazardo??s ??bsta??ces?, ??? petrale??m, ??i? friable asbestos, ??ii} I?olycl?lori??ated bipl?et?yls, ??iii? listed under Article 9 ar defined as "l?azardo??s" ati "e?tretnely l?azardaus" pursuant to Article ? 1 of Title 2 of tl?e California Adtnit?istrati?e Cade, l?tvtsiar? 4, Chapter ?a, ?i?} desig??ated as rrl?azardot?s substa??ces" pursuant to section ? 11 of t??e Cleats 'h'ater Act ? C?,,C, 1317, fix} defined as a "hazardous ??aste" pursuax?t to ectiot? ? ?D? of tl?e esa??rce Co?rser?ation acid eca?e?`y Act, 4? ?,??, X6901 e? ?ec?. ??? U,,C, a3? at` ?xi} defined as "l?azat'dous substances" p?rt`suat?t to ecttan ? ? 1 of the Con?prel?ensi??e ?t??i?•at?tnental I?esponse? Ca???pensat?ox?, at?d Llablllty Act, 42 [?,S,C, ?96Q 1 et s?cf, "'?t?te?1[,???r'" means each pltrcl?as?' of one of tine Affordable ?"or?ale Units, i??cluding eacl7 n?enlbet' oftlle l?ausel?old conap??ising the pt?rcl?aset?, ii.n?r?e???????? ?.S,Sr`Sf f[??C? ?Dl?lx" is d.efine?l itl Section 315. I . "?o?r?eb??,?f??` ?or?tr ?#`e???re???" meats tl?e areet??ertt ?it?cludit?g all attael?tr?ents ate e?l?ibits thereta? in s?ibstant?aliy tl?e fo?'na attached hereto as At?acl?tnetit ?a? 11 and incot'parate? l?e?`eit? b?? reference pu?{s?lant to ?vl?tcl? tl?e Aet?c? is to provide a Hotnebuyer Assistance Lawn to a Hamebu?ea? of a?? Affordable ?"ot`-dale U?rit, "????sr'??g ?'???t??" is the Lo??? aad Moderate Income Hartsi?? Fitnd established at?d fi?t?ded b? tl?e Agency pursuatt to Section ?????,? oftl?e CRL, ?`I????si?t ???a? jef" ar "?'r?o?ec?"means the De?eiaper Imprave?nents, "?or?Sr?? ??i?(s?" ??leat?s the duelling >`?nit?s? re?utred to be de??elaped and operated ? the Developer` ??t?der this Agreen.?ent, including bath tl?e Rental units and the Foti-dale 1?ntts, "?'?????e?r????fa?io?? ??????e?r?" at?d ?`I????e?r???rf??fro?t ?.gr+e??t?er?fs" shall rneat?, llldl?ldlt?ll? at?d C???eCtrvel??, agreements entered into b?? the Agency at?d De?elop?r ?01` its perr??itted s?zecessors at?dlar assigns} in at'?let' to itnplemet?t andlo?? clat?if? the tea'?ns of this Agreernent, ??rhich Irnplementat?o?? At`eernerlts t?ta?r be Necessary far each plisse of tl?e Praect based on the De??eloper's sources of funding at?d financing fog' file de?elopmett and aperatiot? of each Phase of tiie project in accardat?ce ??ith floe terms of this Agt`eernet?tx as provided in ectior? 6?? het'eaf, "?r?r?????r f?.'" or ;`??t??e??t??i?,}?" means to defend, itden?nify at?d bald ha?'tnless. "?nvesf??? ?i?r???r? ?'ar+??r?#??s?" shall mean, tl?e Tai Credit iimited par`tt?er?s? of the Develapet' far De?elolaer's pet?t?itted asigt?ee? fot` itnpler??entatian of ?17ase R-1 and ?l?ase R?2 7 D?sO ?1? ???b73 c' 131??0?7?-ODD ? of the P1"o?ect, The Aerrc? acl?na???ledes that Phase ?« 1 and Phase R-2 rna? have different In?estar` limited Partners, "?C#??d ?Is???????ova???" is defined irz Section 3?3. "?egr?? Desc??ip?iotz" lneal?s tl?e legal deser`iptian of the Agency Parcels attaclaed hereto as Attachment a, and il?cal'porated lrer'ein b? r'efer'ence. "or?e??ct?e ???cort?" al?d "?Yl?r?e????fe ?'??o???e ???selro?ds" rrreal?s naaderate it?carrre hauseholcls as defined 111 Health afet?r fade section 5?a93. "o????Iy I?o?fsi?r `os?" lrrea??s, for` a oderat? income Household rrr`clxasit? ate Affordable For'-Sale Unit, all of the folla??it? associated ??ith such Affar?dahle Far-Sale C1nit, est?matecl a?? l?r?arr of the date of the proposed salef ??? prl?lcrpal at?d rriter`est payrner?ts an a ?nal?gage loa??, 1r1ClUd?t?g arl}' load ?I1sr?1`a?l?? fees associated tl?ere4?ith ?pro?ided that if tl?e r??ortgae loa?r obtained h? the ????'cl?aser contains arr ad?rrstable il?terest r"ate, then tl?e pr4rncrpal end interest pa?tt?cllt shall he deelned to be those ??l?rcl? ??ould be d€?e upol? a l?or;tao Iaan arno??tl?ed avel` tl?lr"t?-dear` perlo?l ?4'Itll alb lllterest rate e??lal to p1'e?arlrn IY]ar'ket rates ???' thirty-dear fixed-rate mortgage loa?rs}; iii}property taxes acrd assessments; ?rrr}fire ar?d casualty irrsurarice covering re??lacelr?elat val??e of proper"t?? irr?pra?ements; ?i?} l?al?ea?vner' assacratron fees; and ??} a reasol?able r?tility alla???arrce, rTl7e ?orrthl? Housing fast shall he ate a??erage ??' estil??ated casts for` the next t??rel?e {1?} rrrontl? l?eriad, "?Vfo????r??? ?e?rt" is defined i? Section ?a 1.5. "o?ic?}'shall mean a native in the fal"lr? prescribed b? Section Ga l . "????e o? ?, ? o??c?a?ir?r'?j} ?eY????r'c?io?r" is defined in ectiot? ?? 1, l ? , "???s?r'r?? ?asr"erg ?cr??" rne?rs the Phase R? l ?r?tside lasir7g bate, the Phase I?-? ???tsrde losrrrg Date ar' fhe FS ?rrtside lasil? Date, as applicable, "?°c??????e??slrrp ?4???e????t?t" mealas, ??ltli respect to e?eh of Phase R? 1 and Phase ?-?, an agree?r?ent that sets forth the terms of a limited par'tt?ersl?ip to ??l?ich tl?e Developer Transfers ifs r'?l?ts, il?t?l'est, and ablrgatrorls rrr acrd to thls Areelnelat i?lt?X respect to the applicable Phase of the dental Portion of the Pr'o?ect, as sr?ch agreement rn?l be amended from til?e to tine, so long as conslstent ??1th tl?e r'e?uir"o1?lel?t of tl?ts Ar"eer?let?t, The Pal'tl?ership Aree?rrerrts shall be entez"ed illta bet??ree?? or` ar?ang the general ??ar?tl?ers and tl?e rt??etol` Limited Partner that calnprise tl?e limited partnership that Developer assig??s its rights arr? obligations to ??ith respect to each Phase of the dental Portion of the Px'o ject? ".???c??;??s}" s??all tnean, ir?ividuall?r and collecti?el?, ?ixase ?-?, Phase l-? arld Phase F Df the 1 1'a1?Vt, `??frr??'? .?`" shall n?eai? the Phase of constr'uctior? of the P1"aect ??rlrrch shall rnclude the de?elaplr?ent of a?pl'oximately tl?irt?l-t???o ?2} For?al ?lnits {i?1cl??si?e of Ville Affordable Far-dale Unrts} on the For-Sale Por-tlol? of the Slte, Specifieall??, Phase FS ??ill be cal?str??cted S Da CaCI l ?DD(?7??Tt i2 ?p27???D4 l ?lt?lltl tl?e al•ea lden?lfied ill tl?e Stte ap ?.? coat ??ss c???t ?}s? "?.,Ot? }?: ec?at ???? ?`?at ?lsx and ".?1ras ?'SAet?c,?} Loar?" is defined its Section 314,2, "???rrs ? t?fsr??e ?'?nsi? ?r?fe" trleat? tie last date t??e first losing ??ith respect to Phase ?S lnay occ?lt• as described its eetian 20 ? ??? ".??rrrs?? ?`?` ?f????tiss?t?? afc" meats a Pt?otnissot•y Nate that sets f?rtl7 the De?elol?el4's abligatiol? to repay the Phase PS Agency 1Joan in the for?n ??l?ich is attached l?et•eto as Attachment Na, ?. atad il?corporated herein by 1•e'erence. ".?1??rs? ???" shall tnean the Phase of constr??ctiot? off' tl?e Project ??hich shall include tl?e de?reloptnent of approxi?nately seventy fo?tl• X74} Rental ?nlts an the Rental Pot•tlon of the P1•operty, Specifically Phase R- ? ??rill be cor?str?lcted ??Tltl]1? tl?e area idet?tiied ol? the Site 1Viap ?S iiJ..a?t .l ?» "P??c?s? ?R? ?ertc?a Latrrt" is de???ed its Sectiol? 314, ?, "??r??se ??? ?rr?sid? ??o?;r'r? ?a??" ?neal?s tl?e lasf date the Phase R? 1 ?losit?g tna? acc?tr as described its ect?o?? 201 ??? `{?'lrc??? .Rye ?'xro??r`sso??? ???" and "P1??rse -. ?'r?o????s?????? ale" tneal?s, in the case of each of Phase R-? and Phase R?2, a pt?an?issory Dote that sets `arch Elie Developer}s ob?ia#ion to repay tl?e Phase R- ? Agency l?oat? al?d the Phase R-? Age??cy Laau, respectively, tl?e forln a?' ??l?ich is attached hereto as Attachment No. 8B at?d il?carpot•ated l?ereill ?? re?'ere?ice, Each Pron?issaty Note s?all dear silnple i??terest at the rate of ot?e pelce??t {?°?o} per annum, comn?encil?g upal? the dale of fi?t?ding ut?dez• such Pro?nissory Note and shall be for a tel•ln erldit?g ol? repayment in full of tho Note butt i?? no er?el?t later thal? the eat•Iie?? to acc?tt4 0? ?a} fi?y- eighth ??8t1?? year a?eti 1•ecoldatlan of the Release of ?ar?structiot? ovel?al?ts, or fib} I?ecelnbel• 3 ?, ?7, on ??hich date all principal and accrued but unpaid intet'est shall be paid in full. Each Note shall be t?ot?-recaurse to the I?e?eloper? Each P1•otniso?•}? Note shall be payable fi'atrl a portian of "Residual Receipts" get?et+ated by tl?e Phase to ??rl?icl? such Prol??issat•y Nate relates as set Earth In Section 1 ??? and shall be secured by a?? Agency 1?eed of 'rust. ;`??r?rse .Rye"shall lneal? tl?e Phase of cot?structian of tl?e Pto?ect, ?vl?ich shall irlcl??de the developl??el?t of ppraximatel?x fot?t? ??a} Rental ??lits on the Rental Par?iot? of tl?e ?'t'opet•t,? al?d shall include any Additianal Pt?opcrtles desigl?ated far Phase R?2 ??111c11 ate added to the Project pursual?t to Section 207 herea', Specifically, Phase ?.«2 ??rtll be co??structed ?vlthin the at•ea ldentlfied ?n tale Slt? dap as {`Lai sss cc?Ot 3"and ccL?t ?Fss "???c?se ??? A?r?c?? .?Of??t" is defi??ed in Section 314, I, ".???crs? - ?r?tsic?? Iasir? ??rfe" means tl?e last date the Pllase R-2 Clasil? tna?r occur as described 11? Section 201.4. "?r?ojec?????u" rneatrs the project area far the Redeveloptnel?t Plan, 9 Developer and tl?e Agency Exec?tti? Directa??. The Agency ?xecxttive Dit?ector is autl?or?ized to ll?ltt??l? ?k?3pl+o?e the ci?ed??l of Per•forance at?d take such re?isior? a ire deems z?eoi?ahl? necessary, subject to conc?lt{tence of tl7e Developer, "Sco,?e o? f ??ve????x????" ?r?e?n? t??e Scope of De?eloprne?lt ??t?c??ed i?ereto as Attachrnet?t o, 5 at?d incorporated hereir? by refe?•et?ce, ?vhich describes the scope ar?d duality of devclapt?er?t of the De?reloper lrrrpr•ave?r?et?ts to he co??strueted by tl?e Developer put•s??at?t to tl?e tertr?s at?d cand?ttor?s of this Agreemer7t, The Scope of De?elopme??t is s?rbject to revrsron fi?o? time to time as tnut?tally agreed upon its writing l?etee?? tl?e De?e?apet• and the Agency executive Director, Tl?e Ager7cy Executive Dit?ector is autl?o?•ized to male such re?isiat?s as lie a?• she deet?.s reasonably Necessary, subject to the car?cur•ret?ce oftl?e ?e?elape?i. "?'er??Fr? ??1?'C??S" are sl?o??N ate the ite Map and described ?rl Attaclltr?et?t ?o f l ?.. "???????? .Pt???c????se Ar'ee?rr?t?ts" is defined ire Recital ?, `?S??e"has the t?eat?in set fartll in Recital ?, `??ite a?xr?ifio?? ?' is defined in Section ?U?,2, ;`?S`?f? ?T?????{oi?e???e??fs" means all existi??g, as ?? the date hei'eaf, above-ground str?tct?tt•es and ?ttadergt•out?d basett?ents, utility vaults at?d?ar septic tanks, and any debris associated ??riti? deiriolitioi? of the fareoir?g, including ?vitl?aut li?nitatior? s?tch basetrtet?ts at?dlor septic tanl?s are ldenflf red an Attacl?rner?t o, l , "?S'r"fie ???" means tl?e i??ap ??l?icli is attached l?ereta as Attachment a, 1 atad incaiporated l?e?•eit? by reference, "Side ?'?a?? ?trr'ew .fie" means file fee imposed. pui•suar?t to pity al?ncil Resolirtion No, ??0-a??, eetiol? ?lrl, Re?ret?ue Account No, 549, as atneiided Frain time to tithe. ?cS4?is r[??r? ?e??o?rc?cl C?o????r?r???" means tl?e Cotadtttot? of the sail and itS stabilrty as It relates to tl?e developability of the bite, "?`rl?t" `??e??if ??g?r%??o??a ?g?'e???re?r?" sl?ali mean file i•egulatary agreements ?Vhicll shall be recorded against each phase of the Rental 1'artio?? of tl?e bite far aryl pot•tian tl?ei•ea ?vitl? 1'eSpect t? tl`?e tssz?aNCe [3f Tax i'edlts, "?"c???• C'???r?r'?s}" s?lall tne?t? fede??al la??? lnca?ne lla?rslt?g tax credits gt?at?ted p??r?sua?7t to Section 4? of the ri?ter•?ial Re?et?i?e bode and?or, if applicabie, state tax credits pi??•suattt to alrfornia Revet?ire ar?d Taxation fade Sections 1707, 17a5S, ?3?10.4 ar?d ?3G1a? ar?d a?lfari?la Healt?? Safety fade Sections X019, ?? s?r?. "?'?C" means the aliforiiia Tax ?•edit Allocatior? ?orr?mittee, the allocating agency for Tax credits its ?alifai'nia. ?`?`11i?'d ?'a#??? ?'?.?fs" means Site ?lar? Re?ie?v pees and those arnour?ts actually paid ar abl?gations i??curi'ed for ?vorl? actttally lane by tl?ase consultants, contractors ar?d ad?isor•s of tl?e 11 DOC?1? ?0?673??131Z???72-001 Developer listed on Attacl?n.?ent I?o? 1 and incarporated herein by reference nat to exceed T?va Hut?dred sixty-Five Thal?sand Dollars ???5,QD0}. "?"x??e Cot???a??y" ? def i??ed in ectiot? X02, "?'r"tie ???ic??" is de?n.ed in Sectia?? ?Q3, "?'ott?? ???e?o??t?e??t Casts" ?nea??s the total development costs for the Develope?? Itnp?io?etne??ts far each Phase as sl?a?vn an the ???dget at?d the devised Budget. `{?'??r«rs, e???e}' i defit?e? its ectio? a?? ? `???a?rs, fe????r" is e?t?ed its ectia?? a?, I . "?er?= .?o?? .I?rc??x?e" and?or `??e??? ?o?? ??tc?tt?e ?o?rse?ra?r?s" shall ?nea?? ver?? lo?v it?cotne hausel?olds as defit?ed in Plealtl? Safety Carle Section 5a 1 D?? 2??, ???'A?? ?T` THE SITS. 2U1, an?eya?zce of ??le bite a??tl ?scz•o???; o??s???er?tio?i. ??bject to all of the ter??s atld candlt?ans of tll?s Ag1'ee?nent, tl?e Agency shah convey fee title to each Phase of t??e bite to the Developer at?d tl?e Developer agrees to accept fee title to each Phase of the ite? Tl?e pa??ties specifically recognize and acl???o?vledge that Phase F ?vill close in t?vo or snore portiat?s or plisses, ?vitl? tl?e specific portlot?s or phases subject to the ?n??tual areetr?e?at of tl?e parties. Tl?e Conditions Precedet?t to Closing, and all of the other prav?siot?s of tli?s ectlot? ?1, sball be applicable to each such portion of Phase FS bei??g Conveyed. As to the Additional Pa??cels, and the eu??a Parcels, the Agency shall use ca?nrnereially ??easonable efforts to ac???lre same o?? ar before September 1 , ?a 1 a cif Developer is a?varded a reser?atian of Tax Credits for Phase R? 1 its the second Tax C??edit round of X010, a??d otherwise forty-fire ???? days prior to subt??ssio?l date of a Tax Credit applicatio?? to TCAC far Phase R?l if Developer does ??ot receive a reservation of Tax Credits 1t? txe secotlCl round of 0 ? 0, as all such dates maybe extended by a CBA cl?alleage?, for the e??ra Parcels ar?d foa-ty-five ??} days prior to file date of any s??b?n?sslan of a Tax. Credit appl?catlQr? to TCAC ???itll respect to floe applicable Phase, ??bect to o??e n???????e res??lti??g from a CEA Chailer?ge, but in too event shall fire Age?icy b required to u??dertal?e o14 camplete such ac??lsltlat? by use of its po??rer of e?nlnent doma???, Tl?e Purchase Price for each Phase of tl?e Site shall be O??e Dollar ?I,OQ}. In impletnet?tation of tl?e Con??eyances, tl?e patties shall open escrow ?eacli, a?? "Bsct+o?v"? ?vitl? Old Republic Title Can?pan?T, ar a?lotl?er esero?v co?npan?? ?????tually satisfactory to bath parties ?tl?e "Bscro?v Ae??t"} ???itl?in f if?een ? 15} days after tl?e Date of Agree?net?f. In tl?e e?rent that the Segura Parcels Dave not been ac?ui?•ed by the Agency on ar before epten7ber 15, X010 ?ifDevelopelk is awarded a reserva.tian of Tax Credits for Plisse -1 in tl?e second Tax Credit ?+ouz?d of 20I0, and otller?vise fo?•ty-eve {?5? days prior to submission date of a Tax Credit applicatio?? to TCAC for Phase R-1 if Developer does not receive a reservation of Tax Credits in tl?e second round of ?0I a, as all s??cl? dates may be extended by a CBA cl?aller?ge?, the Developer shall redesign Phase R-1 so as to excll?de tl?e Segura Parcels its ?vl?icl? event Develope??'s abllgatlol?s ??itl? zespect to Phase R? I shall be extended by tl?e tithe necessar?T fQr s??cl? redesign, If a??d to the extent the Additional Parcels at?dloz? egt?ra Parcels lave been acc???ired by the Agency '1t?]In the i? ? ococ? ? ?oo??? ?T ? ??oo??????a l time frame set far•tl? herein, the acquired Additianal Parcels andlar Segura Parcels shall beeo?r?e part of the ire, ?0??? hosts of ?sero???, The Agency shall p?.y the prerrriurr? for the Title Policy as set for•tl? in Section 24? hereaf, t•eeor'din fees, if a.ny, a??d the dacu?nentry tr•ar?sfer• taxes, if any, due with respect to each orrveyarlce ?"Agency Title Pa?ic?+ fasts"?, The De?laper shall pay far any aditianal costs ??ith ?•espect to title ins?zrance for each az??eyar?ce, rncludir?g tl?e cost of an ALTA policy, ar?y surveys or ir?spectior?s necessax{y far tl?e issuance of an ALTA palicy or at?y endaisei?ier?ts requested by the Develapei• pursuant to Section ?0 not paid by rho Agency as part of tl?e Agency Title fasts ?`?Develaper Title Policy hosts"}, All other usual fees cl?r•es, and costs ??rl?icl? arise fi?ain the Escro??s shall be spit 50?a? ?O1,Z ?sc??o??? Ilistr?rrctiox?s, This Agr•een?erit contitr?tes the joint escro?? ?i?structrans of tl?e Agency atld Developer, and the ESCI"o?? A.ge??t to ?vl?orn these ir?Str'uCttal?s ai•e delivered is hereby etrrpo?ve?•ed to act under this Agreetn??t, Tl?e parties hereto agree to da all sets reasonably necessary to close this Escra?v i?? tl?e shortest passible tirne? ?i?surai?ce palrcres for ire oz? cas??alty ai•e teat to be transferred, a??d Agency ??ill cancel its o?v?? policies, ifany, ??itll respect to each Phase after the ?lasing assocra?ed ????th such Phase, All funds received its tl?e Escrow for a particulate Phase shall be deposited with other escrow funds i?? a e??e?•al escro?? accaut?t?s? and tray be transferred to any other such escra? trust accal?nt its any State or atianal at?k ar?tl?ari2ed to do business and curt•et?tly doitl b?tsiness itl the State of California. All disb?trset?ler?ts shall be trade by check fi•arn s?rch accau??tf ?f in the opir?ian of either party it is t?ecessar•y or can?er?iet?t in aider to acco?rplish a osit?g, such party tray req?tire that the pacifies sign s?tpplerrrental escrow ?nstrrlcttat?S; pravided that if there ? any i??cot?sister?cy bet??een tl?ls Agreement and tl?e s?tpplerrrer?tal esera ir?structians, their tl?e pravisians of this Agreement shall co??trol, The parties agree to execute sr?ch atl?ei• at?d firither• dac?rtrents as r?ray be reasonably txecessai•y, helpful or apprapriate to effectuate tl?e pro?isiat?s of this Agreement. Each losing shall take place ??l?en bath rile Agency's ?ar?ditiot?s Pt•ecedent ?.r?d the De??elopet?'s anditiairs Precedent as set faith in Section ?a? l?a?e been satisfied ??ith respect to tl?e applicable Phase Escrow Agent is instructed to release tl?e Agei?cy's ar?d De?elopeti's escrow closii?g statet??et?ts #o rice r•especttve parties, Z?1, Aut?rority of ?scr•o?v Agent, kith i•espcct to t??e losir? fai• each Phase, tl?e Escio??? Agent is authox?i?ed ta, acid shall; ?a} Pay and charge tl?e Agency far the Agency Title fasts, and any arnau??t Necessary to place title in tl?e cot?ditiot? i?ecessary to s?tl?fy Section ?a of this Agreerrrer?t, ?b? Pay and change tl?e Developer` and Agency each 5?°Io of escro?? fees, cl?ai•ges, and costs payable unde?• Section ?D 1,1 of this Agt•eerr?erlt, excluding docutret?tarY trai?sfer taxes, ?c} Pay and charge tlae Developer for• the Dvelapei• Title hosts. l? D?CSOC?? ?4067v131??0?72-0?0 l {d} Record the Giant Deed, Reg?rlatary A?'een?ent, Notice of Affordabilit?t Restrictions, as to the Relrtal Pol•tiorr of the Project, Agency Deed of Trust for such Phase, alyd at?y and all atl?er recordable docur??ents ??rlrelr both the De?relopetk's onditiarrs Precedent and the Agenc??'s Oonditions P?'ecedent for• s?lch Phase lra?e bee?a f?rlf?lled, or ??ai?ed h?T the De?elope?? or Agency, respectively, fie} Do such other actions as necessary, i??c???dilr obtallring the applicable Title Policy, to fulfill its obllgatlorrs ulyder this Areen?elrt? ?} ltli iir tl?e ? lscretion of the ?scro??T Age?rt, direct the Aerrcy acrd Developer to execrate and deliver arr?r llrstrurnent, affidavit, alyd statement, a1rCl to perforlr? at?y act reasonably t?ecess?ry to comply ???itl? the provisions of Fr?PT'A and alry silr?ila?k state or federal act ot? reg??latiorr pralnulgated tlrereut?der, Tl?e Agerrcy agrees to execrate a el•tificate of Nolr->?oreiglr tatl?s by iz?dividz?al transferor alydlor a ?ertificatiorr of Oolrrpliance ??ith Real estate Reporting Regr?ix?elnelrt of the ? ?S? Tax Refor?rl Act foci each Phase as may he re?r?hed by the ?cro?v Agent, olr the form tQ be sl?pplied by the ?scro??? Agent. {g} Prepal'e arrd file ??ith all apprapl?iate goverlrlrrerrtal or taxing a?ltharities ? ut??for?r? settle?rrelrt statement, closrn strrte??ent, tax ltlrlrolding forln includilrg alr IRS ? 099- form, acrd be responsible for u?itl?holding taxes, if arr?? Buell farms ale provided for' or rec?ui??ed by la?i?? X01.4 lasi?ag; ?acl? Phase shall close ?eaclr a "Closing") ??ritlrllr tl?lrty {a? days of the satis?'actiol? of alb of the Agelrc?r's and De?lal?el•'s o??dltlol]s Pr?ece?e?rt to ?lasi??g for• such Phase as set for•tlr in ectiolr 2?4 liereaf, ?vitl? xesp?ct to each Phase but ire tro event later than ?a? the ea??lie?' to occur of {i} arre lr??lrclred ?? days after Developer recei?s a p?'elllr?llrar`Y resex?vatlolr of Tax Credits far Phase R? l ??vitlr De?elaper elrtltled to apply far Tax Credits folk fo???' consecutive raulr?is}, ar Mai+clr 1, X013 ?"Phase -1 Outside losi?? Date"}, ?b}the earlier' to occur of {i? one l???ndl'ed fifth days after De?elopel? deceives a prelilrrirrary reser?atiotr of Tax Credits for• Phase R-? {??ith De?elope?• entitled to apply for Tax Cl+edits faa• ?'o??r consecutive rounds} al• ?I?arclr 1, 20 ?4 {"Phase R?2 Outside losilrg Date"}, and ?c} ?an?rary ? ?, 2a? talk the first Olosilig ??fith ??espect to Phase >?' ?"Please F Outside ?Iosing Date"} alyd , 2a?, far the ?l?al closing ???itlr respect to Phase ? ?tl?e "Final Phase P Outside losilrg Date"}, subject to exterrslalrs dno to {?? evellts ?f , o?'ce ?t?c?etr??e ??urrla??t to ectian ?? ?pravided, that, era extension of the Please R-? Outside Closing Date, tl?e Phase R-? Outside Olosing Date ol• the Phase ?' Outside Clasirr Date due to ??y?c ??rajtr??e shall be lorrgeli thalr t??el?e {l?} trro?at??s ??lrless such exterlsian ?+esr?lts f?'atn ?A challenge}, al` ??'? ?vrittelr extensiolrs rrrade by the De?elal?e?? and Agelrcy ?xecutl?re Director {tl? "Outside Claslrr Dato"?. ?n the everrt a Ceasing fails to occur for• airy Phase by the applicable O?rtside Closing Date as a result of the failure to obtain Tax Credits, in spite of De?xelopel''s corr?rrrercially reasox?able effal?ts to obtain same, the Developer shall x?ot ?e deerrred to be irr Defarrlt render this Agreerrrent, brit tyre Agerrcy may elect to terl?rinate this Agreerrrent itlr respect to such Phase each Closil? shall occur at a location ?vithin Orarrge Corrnty at a time and place rcasanably agreed an by the parties. The "losing" shall mean the time acrd clay the grant Deed for' the applicable Phase is filed foe' record ???itlr the Ol;a??ge ot?nty Reorder, Tire`Closing Date" shall lrrearr the day ate which each applicable closing occ??rs. Corrcurrerrtly ??ith the Cosilrg for the first portion or phase of Phase P, Agelrcy and Developer shall etrtel' into a right of errtry agree??ne?rt, in . farm 14 ]? ?CS?CI? ? ?DG?3??13i? ???7?-000 ? reasorra?bly acceptable to the parties, ?vhiclr ?vill include ?nde?r?n?ties arrd irrsurancc pravrsrorrs rtr favor of Agency and ??hiclr perrrrits Developer to eater ?zporr the poz•tion ? Phase F lriclr lras Trot then beery Conveyed to Develope?? for the pk?t?pose of r"acl?r? and ?lte pre??•atiat?, follo?vs? ?0?,? ??os??? Proced?ire, Escr??? Agent shall close Escz?a?v far each Phase, as {a} Record the grant Deed for such Plrase ?vith instructions far the Recorder of C?•atrge Cokz?rty, Califartria to deliver the rant Deed to the Developer, ?h} Record the Agency Deed of Trust fort Phase R? 1 ar Plrase R??, a applicable ?bkrt Trot far Phase F since there ?vill be rla Agency Deed of Trust associated ?vith Phase F? ?vith instrt?ctiotr for the Recorder of Cz•ange County, ?alifarnia to deliver` the Agency Deed of Trust to the Agency; ?c} Record the Rego lator•y Areerrrerrt for Phase R- ? or Phase R-2, as applicable {bkpt trot foci Phase ?' since thexic ??ill be rro Regulatory Agreernerrt associated ?vrth Phase F? with iirstructians far` the Recorder of Craire Co?ztrty, California to deliver the Regulatory Agreement to the Agency; the Developer; ?d} ?nst??iict the Title a?rrpa?ry to deliver the applicable Title Policy to ?e? Deliver the P?•o?nisso?'y date to the Ae?rcy for Phase R-1 or Phase R??, as applicable ?hUt Trot far` Plr?se PS siirce there i tra Pioirrissoi•y dote associated with Phase P?? ?#} l?'ile airy ixrfo?'r?rational reports regkii?•ed by ?nteriral Reveirue bode ectian a4?e}, as airieirded, and airy other applicable regkiiretnetrts; Devoope?{; and fig} Deliver the P?RPTA eitificate far' s??clr Phase, if airy, to the ?lr? l? orrard to both the l?evelope?? acrd Agerrey a separate accokrirting of all funds reserved aird disbrirsed for each party and copies of all e?ckited and recorded ar filed docun?e?rts deposited into Escra?v, ?vitlr such recording gird filar date and infarmatiair eirdorsed tlrer•ean ?UZ, ?e?ri?v of Ti?7c, The Developer shall, at its cost acrd e?peirse, secure a s?irvey of each Phase of the bite. rtlrrn thirty ??o? days after tlrc Date of Agreement, the Agency shall cak?se 41d Republic Title a??rpatry, or airotlrer title coirrpany mut?iall}? agreeable to l?otlr parties ?tlre "Title orrrpair?"?, to deli?rer to the Developer standai?d prelii?rinai?? title report ?tlre "Report"? ?vitlr respect to the title to the bite, together ??rrtlr legible copes of the dacrirrierrts constituting title e?ceptians the "E?ceptians"? set forth in the Report. The Developer shall have the right to approve or disapprove iir its sole discretion ?i? the Report, ?ii? the E?ceptiarrs, viii} airy srirveys delivered to it by Agency ar ordered by Developer, ?iv? the availability arrd cast of airy title enclorse?neirts the Developer ar its leaders Wray desire, and ?v? any otlre?• ?rratters 15 DOCS?CI? ?00??34fI3120??72-?0?? ?04?? Age?rcy's Cnndi#?oris of ?osil?g, ?'he Ael?cy's abliatian to proceed ??ith the losing for each Phase is subject to the fulfillt?nelit, or ??aivet" b? tl?e Ael?cy ?xeclrtive Director, a?' each and all of tl?e conditions precedent ?a? tl?rolrgl? ?i}, lnclusrve, described below Frith respect to such Phase the "Agency's conditions Pr'ecedet?t"}, ?vl?ich are solely fat{ the benefit of Agency, and ?vhtclr slrall be fulfilled or waived on or' before tl?e applicable ?uts?de losing Date" At?y cor?ditian not specifically waived prior to such Claslri shall be deemed ?varved lrpo?l arl?eyance for the Phase associated ?vitl? such closing: ?a} ??o Defr?????. Prior to tl?e dose of ?scr"o?v far' such Phase, the Developer leas not co?r?mitted and failed to cure any defa??lt ire al?y of its ohllatians under the tee"r??s of this Ar'eelrrent ??ith respect to s??ch P??ase a??d all representatiarrs arr?? ?varrar?ties of tl?e Developer contail?ed l?e?'ei?? shall be tare and cor'r'ect ir7 all n?ater{ial r'espects? ?b? ?a???rer?? o, f C'??s?rr Coss a?rc? ?????c??ase ??•i?, ?'??e D?elopei" shall lave deposited. tl?e P??rclrase Price fog" s??cl? Phase and all casts payable by Developez" ?' s??c?? losing into ?scro?v in accordance ??rrth Section Zoe lr?to Escro??r. ?c? .?xec?r?iorr o? ??????t?ert?s. ?'he De?elape?i sill have executed and, as necessary far recardatior?, shall lave lead acknowledged, any daeur?terrt required l?ere??r?der ?vitl? r"espect to such Please and shall lave deliver+ed srlcl? dacurner?ts into Escrow ?it?clt?ding, ?vrtl?out llrrrltat?ot?, the once of?ffor"lability Restrrctrorrs?, ?d } o??c???rra? 5??? ?'?a?? ????? ????? use ????a?•o??a?s" Tl?e Developer shall ?i} have obtained City ?lld Agel?cy Execrrtivo Director approval ofthe ot?ceptual Site Play and final a??strrrctror? Drawings for' all of tl?e Developer ?rnpro?el??er?ts rll s?rcl? Phase, iii} Dave obtained all Laud Use Approvals necessary for• the development of such Phase, as set forth itl Sectlorr ??3 hereof, and ?ii?? take such actions as are necessary to ir?s??re t??at buildi??g pertrtits for the developlrrent of s??cl? Phase shall be issued concurrently ?vrtl? losing o tl?e portion of the Site associated ???rth s??cli Phase, or' detrror?strate to Agency's reasarlable satrsfactlotl that bulldln permits for" tl?e development of such Phase are ready to be issued b?rt for the pay?t?er?t of fees associated tl?ere?vith, at?d that the funds r?ecessar{y for tl?e paylrre??t a? such fees leas been allocated}reserved al?d cot?rlnrtted rr? the cot?st???lction fit?atlcltl or equrty contr'tbutlal?s ?v??lcl? at'e available upon and after' tl?e date oftl?e losing, ?e? ?i?srr?•ace? Tire Developer s??all have provided proof of ii?sural?ce as req?iired by Section D? l?er•eof?vitl? respect to such Phase, ? ?'rncr?rci??, Tl?e Agency shall leave appr'o??ed the Evidence of onstr??ctio?a Fit?a??cii?g of tl?e De??eloper Irnpr'over??ents foci ??c}? ?'l?ase as Provided ire Section ? ? ? ?rereof at??l the financl??g consistent with the Evidence of o??st?auction Financing far suer Phase shall have ceased and. funded or+ be ready to olose and fiend at the applicable losit?g? ?g? er?e??a? ?'o????"c?c???? o??tRac?. Tile Developer shall leave provided oi" caused to be provided to the Agency Executive Director a cop?r afa valid and binding contract bet?veer? the Developer a??d ot?e or' mare California-licensed gel?e?'al contractors for' the coi?tructiot? of tl?e Developed ?mproven?ei?ts associated ?vitl? s??cl? Phase, certified by tl?e DO C??11 SID ??7v 1 ?I2??2?2-??? 1 ?7 De?elaper to he a true ar?d correct copy tl?ereaf, or shall have p?•o?ided to the Agency E?ec??tive Directa?? a caps of tl?e cox?structian. budget far• such Phase rf tl?e DeveloperF elects to act as the general contractor•la?rrer-builder. ???} t?a??a???, The De?elaper4 shall abtait? at?d pt•o?ide for the benefit of the Ager?c? a separate guara??#? far each Phase the ?`Cuaranty"} in ? farr? reasanably acceptable to tl?e Aet?cy l??ec??ti?e Director, p??rsttar?t to ??l?ich The belated ?ornpanies, L,P,, a New ?or•k litited par•tnersl?ip, guararrtar' of Phase -1 and Phase R-? ?"Phase R-1 and Phase ?- guar;antar}'?, and it?T ?etitu?'??, Ll?? ? guara??to?? of Plrase ? ar s?zch atl?er{ errtity as rr?a? be appa•o?red b? tl?e Agency l?ecuti?e Director, acting in her' sale and absal??te drscretiar? ?"Phase ?' Guarantar•"} ?callecti?el?, the "uarantar?s}"}, shall ua??at?t? carr?pletion of tlae canstructiot? of each applicable ?'l?ase a?• ?'hases ??} ??bstantially ??itl?it? tl?e tir?re limits set Earth l?erei?? and in tl?e cl?edule of Perfarrrrar?ce, ??? st?bstat?tially ire accardarice mirth tl?e scope of De?relaprnent, as the same rna? be tnodrfied frar?r time to time in accorda??ce ??ith the ter?r? of this Agreeme??t, ?3? free and clear of and n?ecl?a??tcs lie??s, tnate???alr??e??'s iiens and equitable liens, ar?d ??? all costs of cot?struetion shall be paid prior to del?nq??errcy? its addrtrar?, the C??aranty ??ill provide far• tl?e v?ai?er b?? Cuar`at?tar• of r??r arld all ri?llts, ??ai?er?s and defenses ?rl?icl? may atller??ise be available under s#ate ar federal la??? to present tl?e ?et?cy' er?far•cer??er?t of tl?e guarantor's obliatians under tl?e Cuaranty? ?i} ?er?is?r? ?r?c??e?? Tl?e De?eloper4 leas prepared and the Agenc?F has approved tl?e »e?ised budget far the applicable Phase, ??4,? ?e??elo??er's oll[?1tI0IlS of closing. Tl?e De?elopei•'s abligatiot? to p?•aceed ??ith the closing of each Pl?asc is subject to tl?e f??lfi?l?nei?t oi' ??vai?er• b? the De?elaper of each and all of the conditions p?•eceder?t ?a? tl?ro??gl? ????, rnct??si?e, described belo?? the "De??elaper's anditlot?s Pr•eceder?#"?, ??rhich are solely far the benefit of tl?e Developer, a??d Mich shall be fi?lfilled or ??ai?ed an ar before the applicable outside lasing Date, A??y canditiar? not specifically ??ai?ed prior to lostt? shall be dee??ed ??ai?red ?zpar? an?reya??ce far the Phase associated ?itl? such Closing: ?a} o ?er?t???? Prior to the close of Escro?v for such Phase, tl?e Agency leas rlat cor?rr?ritted acid failed. to cure ai??? defaults its at?? of its obligations ?xnde?? tlae terms of this Agr`eet?et?t ??lth respect to s??cl? Phase at?d ail r•eprese??tatiai? and ??ar4rai?ties of the Agency cotltai??ed herein shall be true and ca?irect i?? all material respects, ?b? ???•e???r?? of Dorr??????s, ?'??e Agency shall have executed, and as necessar'? fart recordatiar?, shall have had acl?na??ledged, the applicable Grant Deed ar?d ar?y other docut?ents required hereunder ??itl? a•espect to such Phase, aild shall lrave delivered s??eir doc??inei?ts rt?to der;a??, ?c} ?'???arrre??? o ?os?i? Cos?s? Prio?• to the Close of l?scro?? for such Pbas, Agency shall ha?re paid all required casts of such losing lnta Esci•o?? iii accordance ??itl? ectiai? 20 i . ?d} .Re??ie??? c??rd .?????•o??a? o?`Ti??e? Develapei• shall have re?ie??ed and app?•o?ed the Candit?on of Title of s??ch Phase, as pro?rrded iii ectron ??? ?? ??CSQCI14?067???131Z???72-??? 1 ??? ?'r'?a?c???? De?elaper shall l?a?e abtairled, and tl?e Agency shall l?a?e approved ??idence of anstructio?7 Pir?ancing fol? such Phase conslstel?t ???lth the approved B?ldel?ce of onstructlon Flnancing of the 1?eveloper Impro?errlents for st?ch Pl?asc as pra?ided in Section 1 ?, ?, arld tl?e financing far strcl? Phase shall l?a?e closed and f ??nde? or? be r;ead? to close a??d ful?d cancul•rel?t with the applicable closing, ? ?'r?? ?'o?rc??? Tl?e Title ?n?pal?y shall, lrpal? pa?lnel?t of Title al?apan??'s regularly scheduled prerniulrr, have agreed. to fssue tl?e Title Policy far; each Phase upon each closing, in accordal?ce ??ith Section 2a? ?} ????????o??t??ert???, Tl?e De?elopc?i shall have approved tl?e ?nvironl?el?tal onditiol? cftl?e pol`#iola ?fthe Site il?cluded ill the applicable Phase and slxall la0t ha??e elected to cancel ?sclo al?d terminate this Al'eernel?t pur`strant to Section 2a?? l?e?`eaf al?d tine Rel???dial fork cif required pursuant to that Sectiel?? shall lime heels completed as pl`o?lded 17e1•ell?, ?h? C'o??c?p?r?a? Sr?? P?a?a ?r??? ?r?? use ????o??ads, The Developer shall ??? l?a?e abtalrYed lty and Agency ??ecutive Dir+ecto?• apprio?al of oncepttral Site Plan al?d filial ol?structiol? Dra??il?gs fa?• all of the I)e?elaper Ir?pro?emel?ts ire st?cl? Phase, ?11? l?a?e obtailred all ?al?d use Appl•ovals necessary for tl?e develapl?lel?t of st?cl? Pl?ase? il?cluclil?, ??ltllout lll?lltatlal?, ul?dlvlslon dap Act cornplla??ce, any accessary zone change a?id?or approval of any 1'equlred dellsl?y bantls, c?nd ?111? take sUCh actions a al'e llecessal'y to Insure that bulldll?g per'l?its fall tine deveioplr?eat of such Phase shall he issued eonct?r•rel?tly ??itl? tl?e oi??eyance of tl?e portiol? of the Site associated ?vitl? such Phase, ?i? Sons a??c? Ce??oic?r? C`o?c?i??o?t, ]?e?elapel` shall nave approved the Site ?ol?drtlan ??lth respect to such Phase in aeco?•dance ??itll ecttan ?a?. ? hereof, ?1 ? e?o?c??ior?, The Aer?c?f sl?ali nave relocated all tel?alits al?d other ll?l?abltal?ts oftlre portlo?? ofti?e lte ol? ?vhlcl? slrch Phase is or ??ill be located in accoldance ??ith all existil?g federal, state and local ia?vsi ?k} Side I???p??o??e??re???s. Tl?e por-tiol? of the Site on ??rhich such Phase is or? ??rill be located shall be free of all bite ?mpravelnel?ts? {l} ?'???r?+o????????a? Co?rdr?????. The partlan of the Slte ol? ??rl?lcl? st?cl? Phase is ar ???ill be located shall be free of all ?Iazatdol?s N?aterials, including, ?litl?out lin?itatiol?, asbestos al?d leadwbased pant, all ill accordance with eetiol? ?0?.7 below, and the De?elaper shall l?a?e received and a?pp?•a?ed the Abater?el?t Repast descl`ibed il? Sectiol? 2a6?? belo??. ?rn? ?o??c????o?t o'5???, The Agel?c? shall be ur?cal?ditiol?ally calnrnitted to deliver {i} fee title to the pcrtiar? of Site alp ???hicl? such Phase is o?? ??ill be located in accordance with the regt?lrelnel?ts of tl?e Seap of I?e?elopment, and ?11? possesslol? of st?ch partlol? of tl?e Slte are ?vhlcl? such Phase rs ar• ?'?111 be located sr?bject to na r4lgl?ts of terlal?ts rrl i possession, ?rl} ??trised ?trc?e?. Thy I?c?elaper has prepared and the Agency leas appro?cd the Revised Budget for the applicable Phase. 19 ?45? .epr'e?ezitatiorrs grid 'rr"unties. Z?S,? Agell?y Rep?'esezl#a?iotrs, Tire Agency represet?ts a?trd arrants to tha Developer as folla?vs: ??? ?r??ho??r???, The Aerrcy is a public body, carpor;ate end palitie, exl?tlrrg pl?r'suant to tl?e alifox?tria otnrnunity I?ede?elopn?ent La?? {allforrria Healtl? and Safety bode Sectio?r 33?DO?, ?vlriclr has been a?ztirori?ed to tra?rsact busit?ess p?t?Fs?tant to action of the pity, The Agency lras full right, po??er acrd la??fi?l autharity to gt?ant and coney the Site as provided l?erein a??d fire executiorr? perfarrna??ce and deli?er*y of tlrrs Areet?tent by fire Agerrcy leas been fitlZy a??tlrori?ed by all regr?isite actiot?s otr the part oftlre Agency, fib) ?`?????, The Agency is trot a "fareigrr person" ??rttir?n the parameters of F?RPTA or? atry sirnilar state statute, ot• is exempt frorn the provisions of ?'iI?PTA of at?y s1tn111F state statr?te, ar tl?e Agetrcy lras carrrplied and ??1 cotrrply 4?rth all the req?tirernetrts under FI?PTA or any s?t?ilat{ state stat?rte, ?c} ?4?o `o? f ?r??. To tine best of` the Agerrc?r?s k??o4?ledge, floe ?getrc??'s execution, del?ver?r and perfarrnance of its ahligat?o?rs ?ttrder this Agree?nent ??rill not constitute a defa?tlt or a breach under any catrtract, agretnent or order" to ?vl??ch tl?e Agency is ? party ot• by ??hiclr it is bound. {d? ??i?es of ?{io???io??, Tl7e ?gerrcy lras rro kno?v?edge of, ?rar his Agency received any ?rotice of or? k?ra?v of any basis far, arry ?ialatiotrs of la?vs, statutes, tieg?tltlan, ordinances} atl?etk lead re??riretnetrts ?vrtl? respect to the Site for airy part tlrer"eo-f? or ?vitlr respect to the uses occrtpa?rcy or corrstructior? thet?eof, or airy rrrvestlgat?at?s by atr?? go?er?r?nental or quasi?go?ret"nmerrtal autlrority Into potential violatio?rs thereof ati airy conderrrnation ot" enrinerrt dornarrr proceedings petrditrg or tlrreaterred ?vith respect to the Site ar any portion thereof, qtr the event the Aget?cy recer?res rratlce of any s?tclr ?lolat?ans or tt??rest?at?o?rs affecting the app?tcab?e Plrase prior to the closing of s?tclr Plrase, the Agetacy prornptly shall rratify tl?e ?]eveloper tlrereof, ?e? ?e??ses cr?? Co?a???a???? except as and to the extent disclosed to the Developer, itr ??rititrg, there arse era leases or otl?er contracts to which the Agetrcy is a party ?vlriclr ??o?tld affect the property cotr?pt4zsltrg the appllcahle Phase eotnparisorr Site, ?? ?e?r'?rer??? of ????r'a?? anr? Docr????er??s. Tire Agency's staff has delivet?ed all relevant rnaterials and docrttnet?ts itr its possessia?? at?d petitaln?n to the Srte to the De?elaper;, ?trtii tyre tosi??g, the Agency si?ail, ??po?r leat?nin of any fact or co?rdition which ?vou?d ca??se airy of fire ?varra??ties acrd ?•epresentatio??s in this Section ?D5.1 not to be true as of ?iosing, i?n?nediateiy give ?vx?itte?r ?ratrce of sl?ch fact or condition to tiro ?e?relopex?. Such exceptions} to a represe?rtatiotr sirail x?ot be deemed a breach by the Agency trer?eunder, utries s??ch repres??rtatioir vas false ??irexa t??ade, but slraii constitute a natter ?vhrch the De?relo?rer sirali 1?a?ve a right to reaso??ably approve ar disapprove. ?f tl?e Developer elects to close ?scro?v fallowing disclosure of si?clr ita?ox•mation? the Agency's represezrtatio?rs and ?varrairties contai?red herein shali be deemed to lrave bcexa ?nade as of the ?losirr, st??ject to such disclosed trratter?s}. lf, foilo?vitrg the 2a 1?0?D?1? ?00??3v? 3I??027?-00? 1 disclosu??e of suli ?natterx the ?e?eoper effects to not close sc?'o???? tliexi tris Agreetrretit and the Esero?? shall allton?atlCall?' tern?ir?ate and rleitl?et' party lrall }]ave any ?i?r?ther riglrts, ob?igatioris or l?abfl?tles hereirt?der. Tl?e ??epresentatior?s and ??a??raraties set forth iii this ect?on ?05.? s?lall srzrvive the Clasi?ig, ?0?,2 Deg?c?apei;'? Repr?eserttatia?rs, The Deve}apes repx?eset?ts at?d ??arr?a??ts to the Agency as fallo??s; ?a? ?4???ho??rt??, Tlie developer is a d??ly o??g??ized Califax?nia lin?itcd liability company acid is arrtliorrzed to da b??srtiess and rs lti good standt?i? ?1?ider the laws oft}?e State off` Califarriiaa The copies aft}?e dacr?naex?t evider?cir? tl?e arkanizatiorl of the I]evelaper ?vlircli lia??e beers delrvered to the Ageticy a?'e t?'?ze acid ca?r?plete copies of the originals, ?? arrrended to the Date of Agreement. Tl?e l?evelaper has f?xll right, pa??er grid la??rf ul a??tlrori?y to accept tl?e Can?cyance of tl?c Site and utidertal?e all abligatioris as provrde? Herein and the cxecr?tio??? pez•fa???r?a?ce at?d delivery of this Agrce?nent by the Developer' has heed fully authorized b?; all r'equlsrte actlaris on the part of the Developer, ?b? ???e???tertce, The Developer for its riitiagiiig t11?Iiib?r? is a?i experienced develape?? a? ??eside??tial pra?ects similar i?? sizes scope, and ualit?? to the De?Feloper' ??I?p?'oVe??lents to ?? ?{Jl?tl'?4AIt?? ???F•?L??4?t to t?? 1 71?+????????. ?c? o Co?`?c?, Ta the best of the Developer+' knowledge, tl?e I)e?relaper?s execution, delivery acid per4fartilarice of its obliatiori wider this Agreenierit gill not ca?istit?rte a defau}t o?? a brcacli wider a?ly cont?iact, areerilerit or' order to 4??liicli the Deveiaper is a party or by ?vilich it is bo?znd, ?} ? ?er?e?n?e?? ?cr??????c}?, I?e?elaperi is riot t}le s??bject of a baril?r?uptcy pr'aceedir?g. {e} ??tt???rc??tc? x??i??? .?arr?s, The De?elaper ?varr'arits and represents ti?at it will carry o??t the developtr?erit of tl?e Site in canfor?r? sty with all o?ernn?cnta l Re?uiremerits, i?YCluding, ?vltlla??t lrrilrtatlori, all applicable state acid federal labar? sta?idards a??d regrlir'ements, tl?e City zoning and developrilent standards, burldrrig, plurnbirig, rneclianical and elect??ical codes, acid all otl?er? provisio??s of tl?e Cit??'s ll?iu??icrpal Cade, and all applicable disabled acid lia?idicapped access requireti?etits? inc}tiding ??ithar?t lin?itatiot? tl?e An?ericat?s kith I)rsabrl?tres Act, 42 U,,. Sectiori l??a?, e? ??e?,, Coverriinetit Code ectiori ??a, ?? serf., a?ert?t?e?it Cade ectior? 1115, ?? ser??, and the Urirr?li Civil I?ilits Act, Civil Code ectiari 1, e? s??. Ilritil the Clasiri, the Developer shall, upori lear'riing of atiy fact or condition ??lircli ?vauld cairsc any of the ??arr?anties acid r'epreseritatroris rri tlirs Sectrori ?a,2 riot to be tr??e as of Closing, iri?rnediately give ??vr'itteti riotice of s?rch fact or cot?ditiat? to tl?e Agency. Such exceptiot??s? to a represcntatia?i sl?all not be deeriled a breach by the Developer' liere??rider, but shall constitute ari exceptloti ?vhrch the Agency shall have a rigl?t to approve ar disappro?o if s??cli exceptrori ?vo?rld Have an effect on the val??e aiidfar• apes;atio?i a? the Sate ?f tine Agetlcy elects to close ?scro?? following disclosure of such irifarri?atiari, the Developer's r'epreseritatioris and ?varra?nties ca??tai??ed herein sl?all be deemed to leave been r?lade as of the Ceasing, subject to s??cli ea?ception?s?, If, following the disclas?u?e of s??ch infortatia??, the Agency elects to not ?OCOCI??OOb734? 13??00272-000 ? ?? close Escro?v, then this Agreement a??d the Esc?'a? shall aut???atieall? te?•r?inate at?d neitl?e?? pa?'t? shall lave and fi?rther rights, obligations or liahtlities l?e?'eunde?i? Tl?e ?`epa'esentat?ons and ??at???ant?es set fo??tll ?n this Sectio?? ????? shall s??r?i?e the lasi??g, ??G. o??dl#ion of #?te i#e. 20G,1 I???rc?igafion of Site. Prior to the exec??tlan of this Areet?e??t, Agency has caused a "Phase 1 ?' investigation of the Envi?+o??rnental on?itian of tl?e Site ??l?icl? vas ui?dei?tal?en b o??ve?•se a??sultar?ts, identified of ??? ?oN?EIZE PR?JET N?. ??-?? ? ???? 61 ,? 14,22, AND G2b-2S EAST SANTA ANA ??[?LE'VARD D4, ???, GI4-? I S, ?2? AND ?? N?RTI? I??.?Y STREET ?O1-?03, ???, X13, and X17 EAST TIC STREET 7?9 AND 71 I EAST ?T?. STREET ?9 AND ?t I NDI?TI? MINTED STREET Block I? SANTA ANA, CALIFORNIA ?ll? ODN?ERSE I'R?JECT N?? l ?M42?1 S-Q2 ???, ?-?7, ?9, GII NORTI? LAOEY STREET S? ? 81?'N STREET ?laek 2? SANTA ANA, OALIF?RNIA viii} OONVERE ?I?O?EOT NO. ? ?-42-? I S-?? OI, a5, AND 5I 1 EAST STIR STREET 5a 1 % - 5?7 MORTINIE STREET Black A? SANTA ANAL CALIFORNIA ?iv? caN?E?E ?RO?ECT N?. i o-??- ? ?-? ?, 1 ??612, ? 16, AND ?? EAST STIR STREET Block B} SANTA ANA, OALIFORNIA ??? OON?ERSE PROJEOT No. ? 0?42? ? ? Sw ? o 712 EAST STIR STREET Block ?} SANTA ANA, ALI1?'?RNIA ?"Agency E??virant??ental Site Assess?i?ent"}, ?vitl? tl? cost of s??c?? in?estiatiot? being borne ?? tl?e Agency. Age??c? represents and ?va?'?•ants that Developer leas been provided a copy of all ?+epoz?ts a??d test res??lts produced i?? cot???ection with the envir???r?et?tal i??vestiatior? of tl?e Site b? Agenc?? I' Developer desires, Developer shall also cause a "Phase 1" ar?dlor "I'l?ase ?" Inv?stlatlat? of tl?e E?nv??`onn?ental ond?tlol? of the Site to be u?rdertaken "DevelOpe?' E?????'ontr?et?tal Slte Asses??le?lt"?, 1?rl?h tl?e cast 0? sucl? lilvest?atlan?s? to ?? l?o?'t?e b? the Developer, Developer covenants #l?at Ae?ac? ??as been ar ??ill be provided ?vitl? all reports and test res??lts produced to con?lect?ox? v?lth tl?e en???;a?lmc?ltal l???cs#lgat?a?? of the Slte b? Developer, Aget?c? at?d the Developer hereby represent and ?varra??lt to the other, except as set forth i?? the Agency E??virontnental Sits Assessn?ettt at?d tl?e Develope?? Site Assessment, that they have no Actual I?no??lede, and have trot ?'ecelved a?ly notice ar carnmu??ic.tio?l from and ?2 DO??OC1? X006?3??? 31?????2-??? 1 overt?tnet?tal aet?ey having r?rrsdictian aver the Site, ratifying such par't? of, the presence of sup°?ace or subsut?face gone Ha?a?+dol?s N?aterials in, on, ar lender the Site, or arry portiatz thereof, The Developer` shall reasonably appr`o?re or disapprove of the Etr?riratr?nental onditialr and the Soils artd cologica?l ?ot?dition of tl?e Site ?tl?e "Site condition"} i?? its sale discretiotr ?vithin the tine set for•tlr in the Sclred?tle of Perfor'matace, Tl?e Deveioper's approval of tl?e Site o??dition shall be ? Developer's or?dition Precedent to the ?lasi?rg. except as set forth in the next sentence of this parag?+aplr, if the Developer disapproves the ?nvit`onn?et?tal or?ciitiot? of tl?e entire Site, tl?en either party rrray terminate this Agreement by ??rrtterr ?ratice to the other, ?f tlxe Developer disapproves tl?e nvirot?tnental Cat?dition of a partlo?r of Plrase PS, then the Developer rr?y terminate this Agreement ?s to such disapproved por•tiorr only ?y ??rittetr native to t??e Agetrcy, at?d approve tl?e ??et?aitait?g poi*tion of Please FS. Pursrrat?t to Section ?0?,3, the Agene?? may nullify s?tclr e?ectton ot? the ter?r?s at?d cot?ditions set for?tl? tl?et?ein. Nat?vitl?statldin the fareairrg, tine termination of this Agreernetrt p?trsuant to tl?is Sectiot? ???,1 ?vill trot result in the terminatiot? of the Agreement with respect to a?ly other portion of the Site alr`edy conveyed to tl?e Developer ????? #uc?ies a?rci Repar•?s, Pr'ior` to eac?? lasitrg, teptieset?tatives of tine Developer shall have the r'iglrt of access to all portions of the Slte for the pltrpose of obtaitrit? data at?d tnakit? surveys arrd tests Necessary to carry out this Agreement, irrcludirrg the investigation of t??e Site onditiot? foci each Phase a??d strr?cturallcivil engineering ??ark, Any pr`eli?rrirary ?ar`k urrdertakerr on the Site by Developer` prior to eaci? CZasit?g shaii be done at tine sole expense of the Developer, acrd arrly after the Developer exec?ttes ? r;iglrt of etrtry agreement afar any po??tioN of tl?e Site that leas not yet been sl?bect to a losirr? in a faun reasonably acceptable to the Agency ?xeCUtive Director Any pr`ell??lnary ?vork shall be l?Ndertker arly after secur{i?rg any necessary permits frorn fire appropriate gove?+t?tnentai agencies ?U?,3 Rerrlecfia#ian Af#er ?e??e?oper ?lee?s '?o Ter{rn?rla#c, upon ?•ecelpt of De?teloper's Notice to terminate based upoN file Enviro?rr?re??tal o?rditiar7 of the Site, Agency Nay, at Agency's optioN, agree to cause tl?e remediatiar? of tl?e Site in accarda??ce ?vith the recarlrrlerrdatrars of Developer's ?nvirorrrnental otrs?tlta?rt, Develapet•'s ?nvirat?tnet?tal Site Assessment and all ovcr'rtrrental Re?uire?nerrt ?"Aerrey's ?lectiorr to Rerrrediate"?, provided, Agency l?er'eby agrees to tl?ake A.er?cy's ?lectiat? to Renrediate in tl?e event that Agency reasotrably estimates ti?at the east to cat?d??ct the Remedial fork for ail of tl?e Phases of tl?e Site ?vill rat exceed T?va f-f?ttrdred ?`ifty Thousatrd Dollars ?$??a,a??,??} ?"Retr?edial ot?k Experrditare dap"), fn estirratirrg Elie fatal cast of Re?rredial ork far all of the Phases of the Site, Agency tray snake t`easot?abie assrrtptions ?+egarding the pra?ected cost of Remedial fork for' those Phases of fire Site ?vlrrch It has not yet ot?veyed to tl?e Developer, Agency may reserve a reasa?lable partiarr of the Remedial or*k Expe?rditttt`e dap as necessary to frond tl?e cast for potential Remedial fork far tl7ose atl?er Phases, Agerrey shall give notice to Developer' at?d Esero??r Agent of srtcl? election and De??elop?4's notice to terminate shall be ineffective; pr`avided, l?a?vever, that Developer has approved of the scope of the Remedial a?`k and the RAP prior to the cam?nencement ofsuclr work. ff Age?rcy rnakes Agency's election to Rernediate, then ?vit?hitr a tieasanabl perlad aftel` grvrrlg natrce to Developer' that It rrltend to pr;aceed ?vltlr r`etnedlatlotr of the Slte, Agency shall deliver to Developer fa?? Developer's approval a proposed remedral actrarr plan D? CS?iu11 ?0?67?f l ?12??2?2-?0? ? ?"Al'"} pr'epar'ed by Agency's l?t?vit'ot?tr?ental Cot?srrltal?t ?"Agency's Et???ironl??et?tal or?sulta.I?t"?, ?vlriclr I?AP shall be approved by the public agency asser•t??lg ?utRisdictian Duel' t??e I'en?edial ?vor4k to be pet?forlr?ed pursual?# to the RAP the "Relrredial ark"?. The Ren?edial orl? shall ass?tre tl?e suitability ?f tl?e bite for' the developrner?t, occupancy at?d operation of the Project and shali be perfor+Ined its accordance ?vith applicable over'nrner?tal Regrrir'ernents and ?nvir'onrner?tal La?vs, and s??all be col?d?tcted its accordance ?vitll the requirements of Health and Safety fade Section ??9, ?? seq., in a manner' ?vhrch rs Intended to a???allf}l ?'or the irnln?rnit? ?vhl?ll 15 pt'ovided by Health at?d Safety bode ectiot? 33459.x. Capon I]'Ial?lllg Agellc?'s P1leetiol? to Relnediate a?ld z?eceiving De?etoper+s? approval of the RAP at?d tl?e scope of the Ret?edial ar'ls, Agency shall cause the Relnedtal oI'k to be performed al?d completed colrtilruously al?d diligently, Agel?cy's co?nplia??ee v?rith tl?e pI'o?'ISlons of t1lrS eCtl?r?, and the rsS?larlCe ? a leitel', eer•tl?cte oI' oti?er' official ?vr'ltlrr by X11 avernl?Ier?tal agencies ?vhlch have asses"?e? ?uI'rsletlar? o?el' the r'en?e?latrar? a? tine rte, ?vl?ich provides that rxo fut?ther• ir?vestigtion, n?onttoring, t?etnediatiot?, respotlo ar t'etnoval is c?tr'rer?tly necessary car?sidel'il?g the developrner?t, acc?tpar?cy and oper"atiora of the Pr"o jest ?"o liurther Aetiarl Level'„}, and canfirrllatian of the carn?letiat? of the Remedial park by Developer's Envit'alrlrlental ?ot?srrltant, snail each be a Developer"s anditian Precedent to tl?e losing fog' tl?e applicable Phase at?d the ??ztside loir?g Dato for sr?ch Prase shall be extended ?zt?til s?tch col?ditiot?s are satisfied C?pol? col??pletiar? of tl?e Remedial orl?, Agency shall deliver' to Developer a certl?cate executed by the Agency's Elrvlr'onlnel?tal arrsultant filar tl?e Rerr?edial fork leas been calr?pleted to accal'dance with all applicable laws, l?orivrti1staradrl?g tl?e foregait?, if De?teloper?, based upon Developer's P?nvil'onl??ental Site Assessn?ent, Agency?' l?nvil'onnaental Site Assessn?ent ar?d tlxe RAI', reasonably esttrnates that the Relnedlal dark cnnat be completed ?vrthln ten ?I?? ??eeks, they Developer may terlnll?ate the Escrow acid this AgI'eement by ?vI'itterr notice to Agency; pI'avided, that s?tcl? tert?titaation shall not apply to at?y Phase that leas closed prior to the date of such tot"tninatiol?, ?acl? date for perfol'Inance ?tl?del• this Agr'eetrtent and the chedr?le of Per?for"rnance shall be extended an a da??-far-day basis far each day of delay as a result of tl?e Relrledial fork, As an alternative to Agency carlsin file peI'farrrlance of fire Relnedll fork p??t's?tant to this Sectiar?, Developer' may, at its sole ar?d absol?tte discr'etiot?, propose ??`De?reloper's Rel??ediatiol? Proposal"} that Developer perfot'rll, or lave peI'fo?+naed, tl?e Rex?Iedial dark by ?vrittel? notice to Agel?c?T acca?npnied by an estimate of fire cast of perfarlning fire Remedial far"l? ?"I?e?elaper's Ret??edial ark Plstlinate"?. Ili file event that Developer's Remedial fork l?stilnate is toss than tl?e Relnedlal oI'k Expenditul'e dap, Ager?cy slaall elect to either' ?i? accept Developer's Relr?ediatian Proposal, III ?vl?rlr event Developer shall perforlr? tl?e Relrledlal dark iIr accor'dnce ?vrth this Section and Agency shall reimburse Developer' ir7 aIr an7or?nt riot to exceed Developer's Remedial or'l? Estirrtate ??ithin thit'ty ???? days follo?vitlg t'ecelpt b? Agency of written request therefor' by Developer, together ?vit?? copies ??` invoices andlar' other such evidelrce as reasal?ably I?ecessary to substalrtiate such casts and expenses, ar' iii r4eject Developer's Ren?ediation Proposal, in ?vhicll event Agency shall perl`orl? the Rel?ledial or'k irr accordance with this Sectiarl, In the event that Developer's Rert?edial 'oI"k ?stllnate is greater than the Remedial fork Expenditut"e dap, Agency tnay elect to terl?it?ate the Escrow at?d this Agt'eernent, provided such tertninatiot? snail b it?effeetive if Developer then elects to D?C??II ?????3?=t 312??272????1 2? perfort?? the remedial or'1c in accordalYCe itl? this Section and bea?? any costs and expenses iri excess of the Remedial fork xpenditu?`e papa ???i,? No 'ar•ra?rtics As To Site; Reieasc of A?e?YCy. except as oti?er?ise e?pl`essly provided lier'eiri, the Site ?ond?t?on upo?? delivery fl'orn the Aeric? to Developer' sl?all be "as-is," ?vit?? no ??arranty expz`essed or implied by Agericy, rricludrng ??ltl?out l?m?tatlon$ px`esence of ?azal'dou l?atcrials ar the cal?dition of tl?e soil, its geology, the preserice of krra?? or ??nkriou?ri selst?lc faults, ?1' the sr?itability of the Site far' the develapnierit purposes il?tet?dd 1?e1'er?ndezi, >?r'orii alyd after tl?e date on ??i?icl? Developer` eatnplates grading itli respect to ally Please of tl?e Site as evidenced ley certification by file ?t?'S ?uiidin official, acid to the extent that DeveloperR does rift object rn ??r'ltln to the ?nvl?`on?r?elltal olldltl?ll of such Please ?1?ltlilri teri ??? days falla?ving cotr?pletioli of sl1C1 gradilig, the Developer shall ???ai?e, release and discharge fare?er tl?e ?e?xcy slid file pity, slid their' respective elrrpla?ees, of?ce?`s? age?its and repz`ese??tatives, fi'oln all present grid fixture claims, de?rrands, suits, legal acid adrrilrilstrative ploceedilis slid fl'oln all llabrlrty far damages, losses, costs, liabilities, fees and expenses, present and future ?"?lait?? oak Liability"?, arising out of ar iii ally ?vay connected ?vitl? the Site oriditian as it relates to Buell Phase, except ?i} ar`ising out of tl?e ?villfi?l rniscond?zct of the Aetacy or its employees, officers, aer?ts ar? representatives; o?' ?ii? if slid to file extent the Developer` earl delrionstl'ate to a caur't of cot?lptent ?rt???sd?ctlol? that file ?gelicy alidlor arty 4vere the direct and prax?rnate calrse of tl?e Site ?lidltlori ?vhrcli rs file subject ??atter of the lait?l o?? Liability, including, 4?itl?out lina?tatiari, attorneys' fees; or viii} foci Agency's obligations under section ???,?. [?pori the effectiveness of the release co??te?plated by tells Section, file parties ackno??ledge that the Agency's a?vner'sliip ??orrld ll?t he tine direct andlor pr'axiniatc cause of ally Sete oridltlari rf such Site ond?tton vas Sri exlsterice at file tlrne of the Agel?cy' ac?irisition slid continued during tl?e Agency's o?vrier`sliip, ?n file event that >?e?elaper objects to tl?e ?nvironmexatal ?o?idr#loli as described above, Developer may elect fat the tir?re it objects to the ?nviron?nental onditiori? to accept arch Errvirolllr?ental a??dition, in ??hich event file Agency shall reimburse Developer for its actr?ally iric??rr'ed costs of ariy Remedial orl? ut?de?'taket? by De?reloper to rernediate tl?c disapp?`oved l?nvirorilnerital oriditiari; pra?ided, l?o?vever, that tl?e maximut? an?o????t of such reirnbur'semen? shall be egiral to the pox`tio?? of the Remedial 'fork E?pet?dit?r?`e dap list previously expended pirrslrant to Seetio?? OC,? above, ?11 file e?rcrit of s?rch election, Developer shall subtrlit to Agezicy a descrrptlori of file Reniedlal orl? perfortr?ed? together' with captes of ???voices a?adlor Buell other evidence as reasonably ??ecessary to substat?t?ate such casts aril expenses, and Age?ic? shall reitr?brr?`se Developer ?vitliiri teri ??0) days of its r'ecelpt of ?LtCli lrraterials, subject to tl?e cap set fol`tli lie?`einabove, ?f Developer does not elect to accept such >???viron??.ex?tal ?oridltloti In its riotlce ab?ectil?g to such Env??`o????ental anditians, Agency n?ay? ?vktl?lll tlillt?r ?3D? days of such written abjectioxa, elect ire writing to either` r'el?redlate file Erivrr'onlrrental ?ot?dition to file extent required. to satrsfy Developer#s ob?ectlan ar` ter'mrnate tl]ts Agreement ?? to file applicable pal`t10ri of ???? Slt? but not ? to ??? other Phase of file Sete ?vlilcli has closed pl'ior to such te?`?r?i??atiali}, In ??vlirch case Developer` shat l recolivey file applicable portion of the Site to the Agelicy and lielther` party shall have ley rrglit of obligations with ?`espect to the other ire canliectian itl? Birch po??#io?n of file Site, Nat?itl?standi?? the foregoing, file ter'rnlriatlari of tlirs Agreel?el?t pursuant to this Section ?,? ?vitli respect to any Please will not result in the termillation ofthe Ar'eerrrerit with respect to any other' por'trori of the rte already on?eyed to tie Developer, 5 D?CaCll ?I???7??=1?l2??272-?0?1 The Developer' acl?i?a??ledges that it is a??ar•e of and familiar wltli the pra?rsrans of ectian t X42 of the ?llfarr?ia i?il bode ?hich ?z"o?id a folla??s: "? EN?RAL RELEASE DOES SOT ETED TD LAM ?IIH THE REDITR DDES CDT RNA DR UPET T? EXIST I HIS FA??R AT THE TIME DF E?L?Tt? THE R?L?ASE, HRH ?? ??? ?? HIM MIST HAKE MATERIALLY A'p'E?TE? CIS SETTLEMENT KITH THE DEBT?R??} upon the effecti?er?es ofthe relcase set fa?•tl? i?? this Section ???,?, tl?e I?e?eloper ??ai?res anal a?elinq??isl?es all rights at?d benefits ??Tl?lch It may ha??e urider• Section IS?? of the alrfor"nla 111 fade, DG?? Deve?apcr Pr?ec??rtiarrs After ?lasiiig, C?poi? tl?e dosing of at?y Pl?asc, the I?c?clapei' shall take all reasar?able precautiar?s to pre?erit the release into tl?e eriviror?rnet?# of ar?y Hazrdo?rs Materials in ?lalatiax? of la?v Mich arc located iii, on or• under the portion of fhe Site associated ???ith such Pllase? Such p?•ecautians shall include compliance with all o?err3met?tal Rcqul?'ernerrts itl? respect to Hazarda«s Materials, 7n addition, tl?e De?elaper shall install a??d utilize srrcl? e?rripmcnt and implerrrer?t and adhcr•e to s??cll proced??res a are cot?ststerlt ??itl? car?nr?nercially reasanable sta??dards as respects the dlselasut"e, starae, use, rerrro?al and dispasal of I?azar•dous Mater'?als, ??. Required Diselastires After Iosilrg? After #lYe Closing of a??y Phase, tl?e I?e?elopcr' shall notify tl?e Agency, and pra?ide to tl?e Agency a copy or• copies, of ail en?ii•on?r?e??tal permits, disclasrr?'es, applications, entitlements or• inquiries r•elatir? to the por•tiat? of the Srte rricluded rtl?it? s?zcl? Pl?asc, incl??din rlatices of ?iolat?oi?, notices to comply, crtatrons, ir?c?u.lr•les, clean-yip or• abatement or•dcrs, cease at?d desist orders, reports filed pursl?ant to scl?»r'epai•#in r'equirci?er?ts and repasts filed or ppllcatiat?s r?nade purs??at?t to any o?errlmental Re??tire?rrer?t r•elati??g to ?azardarrs Matcr'ials ar?d underground tar?l?s, After the Closing ?vitl? respect to at?y Phase, tl?e De?reloper shall report to the Agency, as soon as passible after cash incident, any unusual ar potentially irnpor•ta??t i??cide??ts ?vitl? ?•espect to the En?ir•ot?tr?ental Car7ditiarr of tl?e par?ion of the Site irlcl??ded ??ritl?in st?cl? Phase, Af?cr tl?e Closing of at?y Pl?ase? the e?er?t ??' a release of any I-Iazar•dou Materials lr?ta tl?e erl?lrot?tner?t in violation of la?? on s??cl? Phase, the De?elaper shall, as saat? as passible afters tl?e release, furnish to the Agency a copy of any at?d all a"cpo?°ts relating thei"eta and copies of all cor•x•espaxadcnce ?vitl? gavcr'nmental agencies relating to tl?e release, I1por? request, tl?e Developer shall f??t•nisl? to tae A.et?cy a capy or copies of any and all afher• er?vir•anmental entitlements or ingr?iries relating to or affecting the Site incl??dir?g, b??t not lii?aited ta, all permit applicatia?ls, permits ar?d reports including, ?vrthar?t lrrrrrtatron, those reports a??d atl?er rrratters ??hieh rr?ay be cliaractcrized as confidential. ?OG,7 A?aternerit Repart, Priar• to tl?e Close of Escro??r for• a P??ase, tl?e Agency shall, at its sale cost and expense, deliver to tl?e I?evelaper a ???ritten report, reasonably acceptable to tl?e Developer, prepared by a lic??sd this'd pa??y unrelated to the Agency or any cor?tractor?s} ar• subcantr•actar?s? u??dertal?ing any portion of the abatement of ?azarda??s 6 ?DCS?CI? ?O?G73V1312??272????1 Materials associated ?vitli r+ernovai ??d aba#er?ent of a??? imps+?vemet?t? c??rrienti? ate tine ?it?, Confrmit?g that all such hazardous Mates#ials have been properly abated and r'ernaved ire carnpliance ?vitl? all applicable la?vs, rules and regulations ?tle "Abaterner?t Report"}, ??1 adds#tat?, car?currerit ??ritl? delive?'y of the ?baternent Report to Developer ?vitl? respect to a particular' Phase, tl?e Age??Cy shall deliver to Developed a letter from tl?e provided of the Abatement l?epar't for s??ch Phase authorizing the Developer and at?y otter entity ?vl?ase identity v?ras provided to .get?cy pr+iar to the tune the Agency enters into a cantract for• pa'eparatio?? and delivery of tl?e ?41?ateme??t .eport to rely on the Abaterner?t ?.eport? Prior to entering into a Contract to detain the provider' of the ?batetr?e?t Report, Agency shall request fi'orn Developer tl?e names of those parties Developer regr?ires to ? entitled to rely o?? sr?ch ?baternent ReportF Prarnptly following suer request, Developer shall deliver' a list of s??ch t?a?r?es to Age?tcy; provided that, if Developer has not, as of such tit?xe, identified all of its lenders and investors ?vha will geed to rely on such A.batetner?t Report, Developed nay deliver an incomplete list to Agency ar?d agency shall add the names identified an such iricarnplete list to tl?e reliance provisran of such Contdact at?d lase hest efforts, at x?o additional cast to Ager?Cy? to insert a rec???ia'en?ent in such catitract allo?vir?g tl?e additio?? of snore r?atnes to such list folla?ving the execut?or? ofthe Contract. ???.? ?e?'eloper' fife ozadlflUll II?del?tlllt?, Upon tl?e Clasing, Developer` agrees to inderrrr?ify, defend a??d bold ,?get?cy l?ar+mless from a??d against at?y claim, action, suit, proceeding, loss, cost, damage, liability, def?Cie??Cy, fi??e, penalty, punitive dan?age, or e?per?se {rncl«drr?s ?vitl?out limitation, attorney's fees, resulting fdotn, arising aut of, or' based upon the bite ?onditior?, includi?? ?vitllo??t limitation ?i? the release, use, ge??edatior?, discharge, storage or disposal by Developer or' by a??y individr?al or entity for which Developer bear's the legal lrabrlrty lt?cludl??g, blot not Iirnited to, officers, agents, employees or' cor?tractods of Developer' ?collective?y, the "Developer Parities"? of any ?azar'dous Materials in violatio?? of ?nviro??me??tal ?,a?vs dur'rt?g the period of tlae Developer's o?vr?ersl?rp of the applicable Phase of tl?e Site, oI1? u??der, iii or aba€?t, or the transpodtatioi? of any such ?azarda?is ?Iatedial to or from tl7e Phase of the rte by Developer' ar' any of Developer Parties during tl?e per'iad of the Developer's o?vr?ershrp of the Phase of the rte, nt?dlar ?ii? tl?e violation, or alleged violatia?l? by Developer or ar?y of Develaper Parties of airy ?i?viro??inental Laws relating to the rrse, generation, release, discharge, storage, disposal or trar?por'tatioil of ?Iazardous Materials on, under, in or aba?it, to o?? fr'atn, tl?e Site during the period of tl?e Developer's a?vnedsl?ip of the applicable Phase of tl?e bite, This ir?dernr?ity shall include, ?vrtha?rt lrtnrtatrot?, any datr?age, liability, fine, penalty, cost or expel?se arising from or o?it of any claim, action, suit, or• p?'oceeding far personal irlur?r ?li?cllydii? slcl?.?ess, disease ar• death}, tangible ar intangible pr`oper`ty damage, carnpetlsatiar? for last images, b?isii?ess ii?co?ne, profits or' other eCOr?orr?ic lass, dainage to tl?e t?a.tural desor?rCe ar the envrr'anrnent, r??iisance, Containination, leak, spill, release od other adverse effect oi? tl?e envir;onirient with respect to the applicable Phase of tl?e bite, ??.? ,?ger?cy I+?irvir{o??rtieiitai Yrrtier?lni#??, Upon the closing, Agency agrees to indemnify, defend and bold Develaper and the Developers Pai?#ies llai4tr?less fi'orn ar?d against airy clain7, aCt?on, Snit, proceeding, lass, Cast, darr?ae, liability, deficiency, fine, penalty, punitive damage, ar expense ?ii?cludii?, ?vrthaut lrmrtatrot?, attorneys" fees resulting from, arising out of, or based upon {i} tl?e pdesei?Ce, delease, use, generation, discharge, storage or dispasai of airy ?azardorr Mater"rals rn vralatrar? of ??tvrr;onn?Cntal ?,a??Ts during tl?e period priori to the lasing, 27 D?COC1140??73v? 31?????'?-0??1 an, under', ire or aba??t, ar the transpar?tattar? of any s??c}? ?azar'dous ate?•ials to ar from the Site, dur`ir?g the per'iad prior' to tl?e closing; or' X11} t}le ??alatior?, ar alreged violation, of at?y n?ir`a??tnental Laves relating to the pr'eserlce, use, eneratiar?, ?`elease, disclrar'e, stariae, disposal ar tr'anspor`tatiat? of ??zar'dous N?aterials an, l?I3der, in or` a?a?zt, to or fr'arn, the Site d?r?'i?? the per`iad prior to tl?e closing. Thrs ?t?de?n?nity shall l?lclrrde, without lirnitatian, any darnage? liabillt?, fire, pe??alt?, cost a?? experrse arising from or out of any claim, action, suit or' ?t•oceeding faro personal inj?u?y ?tt?cludrrlg srcl???ess, disease a?' deatl??, tangible a?' inta?ngib}e praper?ty damage, campensatiorr for lost wages, business ir?corne, profits or atlrer ecarrotr?ic lass, darnae to tl?e natural resource ar the err?riran?net?t, nuisance, ca??tan?rrlatron, leaf, spill, release ar other' adverse affect an the en?i?+o??tnent. 2?7? ??eI1Cy ?C(??11s1f1oI1 ?? AtI[??t?orlal P?'opcr;ties. The AgetrCy a??d the Develaper+ acl?rio?vledge that the Agency ?s cantrn??rrl its attempts to acc}????+e all afthe ??lditiat?al Properties ??l?ich it does not preserrtl? a??n? ?f acrd to the extent the Ager?cy is srrecessful irr acgr?irit?g carne or all of tl?e Addrtrat?al Properties far+t?r»five ?45? days p?'iar' to the date of a??y submrsran of a Tax r`ed?t appllcatlon to T?? far' tl?e Phase to ??lriclr each such Additiatral Pt'aper'#? relates ?as sl?o?vr? ors the Site Maps, t}?e A?ge?rcy shall send ?vritterr t?atice tl?ereaf to De?relaper {the ".?dditianal Proper+ty Notice"?, Upon r'ecerpt of the Addrtrona? Property notice, tl?e ?eney and the Develape?' shall rleotlate ire goad faith to amend the cape of De?ela?z?et?t far' the Plrase ar Phases to ?vl?ich such Additiar?al Praper`tles relate, as well as an lrlcrease i?? tl?e amo??r?t of t??e Agency Loan fa?? Phase R-?, to the extent suelr A?dditiarral Prapet'tie relates to Phase ?». Frorn at?d after the date set forth ors the Scl?edt?le of Perfarmar?ce fart each Phase, the Agency shall rrnrned?ate}? drscontrr?ue all attempts to aequ?re ?dditiot?al Properties foxi suc}? Phase at?d ha}} not send any Additiatlal ?'raperty notices far such P}rase The Aer7cy Exec?rtive Dir'ector' shall have the al?tlrarity to appra?e the an?erided Scope of Develap?r?et?t far affected Phases and the increased arno??nt of the Ae??cy Lawn assac?ated there?vitl?, at?d any such amendments or irrereases shall he reflected irl the ?mp?exner?tation Agreement{s} far' tl?e applicable Phases The rricl«slo?? of Additronal Praper'ties far a Phase shall trot revise the Pur;chase Price as to tl?e applicable Phase, SUS, Agexxey Acgxzisi?ior? of foie eu??? Pa??ce?s, Tl?e A?er?cy arrd the Develaper? aclcna??lede that t}re Aer?cy leas co??cur'rent}? 17e?`e?it}? appro?red tl?e Segura P??rcl?ase Areerrre??t. Developer hereby appro??es tl?e cor?drtron aft?tle and rte orldzt?ot? ?vrth respect to tl?e Segura Parcels. In r'e}fiance an that appr'o?ral, Agency agrees to rise catnrnercially ?ieaanable effa??s to ac???i?'e the Segura Paz?cels pr?rs??at?t to t}?e Segura P???`cl?ae Agreetnerrts, span aCqulsrtroza o? the eg?zr'a Parcels by the Agency, the Segura Parse}s mill becat?e a part aft}?e Site acrd be deve}oiled. ire can jr?nctiarr ?vit?? Phase R-1, Irl t}?e event t}raf t}?e Ael?c? fails to ac?u?re the e??r`a Parcels ate o?' before September ?5, ??0 elf Developer is a?va?ided a reser`?ation of Tax ??ed?ts for Phase R.? } in the second Tax credit round of ?Ola, and ather?vise farts-five ???}days pr'ior' to s??missiarr date of Tax Credit application to TA far Phase R-1 if Developer does trot r'ecei?e a reservatiarr of Tai Credits in tl?e second r'arrrrd of 2? } 4, as all sr?cl? dates tray he extended by a ??? challenged, t??e Developer shall z?edesign Phase R? } excluding the Segura Parcels, in ???lrrcll event Developer's obl ?gatians ??'ltll respect to Phase ?- I sha}} be extended by the time t?ecessaaiy far' such redes?gz?. ?09? Separate Phrases, Tl?e panties acl?no4vledge and agree that Phase R-l, Phase ?r2 and Phase ?' may be separately awned, fi??a??ced acrd developed, a??d that, irr the eve??t of the ?8 D?C?D?1????G7???1 ?1???27?-0??? separato a?vnersl?ip of tl?e Phases, a Default undet? this Aree??ent relating to ol?e Phase, t??e applicable Phase regulatory ?g?;eet??ent, ap?l?cal?le Pl??se P??ariso?iy Note ot• A,er?c? Deed of `???ust shall gat be col?sidet?ed a Defar?lt rotating to at?y other Phase; its other wards, there shall be Ira crass-defaults bet?vee?? Phases at? between the o?vx?etil?ip entities fait each Phase, ?f s?tch separtiat? occurs, the o?vnet? of Phase R- shall be solely and exclusively responsible fot? the Phase R? 1 rights acid obligations under this Agreelet?t, the owner of P??ase ?- shall be solely at?d exclusively responsible for the Phase R?2 Nights and obligations under this Agreement, at?d tl?e owner of Phase P shall be solely a??d exclusively respanible foci the Phase ?' rights and abliat?ans ?tndet? tits Agreeme?lt, ??0. ?lII1lIl? p? Age??Cy ??]j1??lUII, kith respect to tl?e Segura Parcels, the Aget?ey shall, ?vitl?in one l?t???dred t?vellty ??20? days of acquisition of each s?tch parcels, ca??se each of tl?e falla?vir?g to acc??r ?collec?ively, tine "Agenc?? Site Obl?gattons"?: ?a? relocate all tenants and other inhabitants tl?et?eof in accarda?icc 4vltl? all existing federal, stag and local 1.??rs, fib} cause such parcel to be free of all Site ?n?pt•overne?its, acid ?c? catnpletc ret?ediation of any ?-?a?ardo??s Materials it is required to retnediate in accordance ?vitl? the ?ern?s of this Areetr?etl?. itl? respect to the Agency Pat?cels, the Age??cy shall initiate the Agency Situ ?bligatiot7s ?vitlait? thirty ??o}days of the earlier to occ?u; of {?? expiration of tl?e thirty ?Q} d?.y period falla?vi??g t??e Date of Agreel?nent ?vitl?in ?vl?icl? a CEA Challenge nay be initiated ar ?y} resolution of any CEA Challenge and, thereafter, cause tl?e Agency Site ?bligatiot?s to occur ?vitlait? sixty ??0} days thereafter, itl? ?•espect to tl?e Additional Pat?cels, tl?e Agency shall, 1f1?1I? ogle ll?t?7dted fi?y ?150? days of acq?tisitiax? of each of such Additional Properties, cause each of the Agency Site ??bligations to occur, X00, DE'?L?3PME?' ??` THE P???E?', 0?? ?]eve?oper's ?li?#ia?? to onstl??tc? Developer Ylnp??ovex?ter?ts; co??e of I?eve?oplr?e??t, ?'l?e Developer shall contr?tct each Phase of tl?e Developer It?provemet?t substantially in accordance ?vitl? the hand Use Approvals, tl?e Scope of Development and. the plans, drawings at?d docume?its submitted by the Developer at?d approved by tl?e Agency as set forth herein, ?? ?e?1?II Revle?', 3?i? CoIY?e?}?ll?? ,??? Pj?tl. Ca??ct?rrently with approval of this Agreement, tl?e Developer has s?rb?rtitted at?d the Agency has approved cancept??al dra?Tings for tl?e Developer ?n?pt"ovetne?lts, specifically sl?o?ving a site plan, external facade improvements, and elevations of all four sides ofthe Developer ?t?lpt?ovet??et?ts ?callectively, the "Conceptual Site 'Ian"?. 0,2 revisions, ?f tl?e Developer desires to propose any revisions to tl?e Agency approved. Ca??cept?tal Site Plan, It shall s?tbzntt s«cl? proposed changes to the Agency at?d shall also proceed in accordat?ee with any and all State and local laws and regl?lations rega?•ding such revisions. At the sole discretion of the Age??cy? if any material change in the basic ?xses ofar?y Phase ofthe Site is proposed its tl?e Concept??al Site Plan ft•om the basic uses of s€?ch Phase of tl?e Site as provided fot• its this Agreement, then this Aree?r?ent is s??bect to reneatiat?o?l of all tertt?s and conditial?s, including without litnitatiot?, the ecot?amic tet•t?s of this Agt?eetr?ent with respect to s??ch Phase afthe Site, ?fthe Conceptual Site Pla?? for a Phase, as ?? D? ? ??II ???73 ?? 1 ?12?027?-??O l modified by the prapased change, e??erally and substantially coriforrn to the requlrer?ents afti?s eetior? X02, the Agency executive Director shall review the proposed change and nati`y the Develaper in ?vritir?g ?vitl?ir? Been {1?} days after submissian to tl?e Agency as to whether tl?e pr"opase?l change is appraved oi` d?sappr{oved. The Agency's Executrve Drr"ectar is a?rthar`ized, b?rt nat obligated, to approve cl?ar?es that 1 } do nat igr?lficantly madify the overcall cost of the Develaprrrerit ?rnpraven?er?ts; 2? do not reduce the ?ualrty of materials to be ?rsed; ar?d } do riot reduce the rr?ag?natrve ar?? ur?i?ue q?ralttres of tl?e project design, ???,? Defects iii P????s, Tl?c Agency shall not be responsible either` to the Developer or to tl?tr" par'ie its at?y a? fo?? and defects its the anceptual Site Pla??, tsar f'ar' any str?rct?rral ar` atl?er defects ire ar?y ?var'k lane aceo?"ding to the appr'o??ed a??ce?tL?al ate Plan, ??or for ar?y delays reasar?ably caused by tl?e r"evie?v at?d appr?QVal processes established by tllrs Section 3a2. The Develaper shall bald l?arrnless, indemnify and defend tl?e Agency, the City and their` respective officers, employees, agents and rcpt"eser?tat?ves from ar?d aarnst ar?y claims, suits f ar? damage to property a?? i???????ies to per?al?? ar'lslr? a??t of ol• ire any ??ay relatl?? to defects in tl?e Conceptual Site Plan, ir?clrrdir?g ?vrthout lrr?r#atlarl, the violation of arty la?vs? ar?d far defects rn ar3y ?vol"l? done according to tl?e approved Car?ceptual Site ?'lat?. U?? Use of Architectural P?atis, Its the event tl?rs Agree?nent is tertnir?ated pursuant to Sectiar? ?a?,1 bela?v, tl?e Agency shall become the owner and have tl?e r"igl?t to arse ar?y Canceptrral Site Plan ar?dlor ar"cl?itectrzr'al plans which are s?rbrnitted to tl?e Agency by tl?e Develaper• put+suant to this Section ???, To thr erid, canc?zrrer?tly with receipt by Developer of the r'eirnb??rern??t contemplated by Section 3?3, ?, the Developer shall execute and cause the Develaper Par"ties to exec?zte strcl? dacurnentatior? a may be reasar?ably required by Agency to cot?firrrr and evrderlce such a?vnersl?rp, ??? A?er?cy xecufive Direr#or App?•a??al, Whenever Agency approval is r'equir'ed under this Sectiar? 3?Z, such approval may be by tl?e Agency executive Director ar his ar her' designee 3?t La1rd Dse Approvals, Before cammencerrrent of cor?str"uctran of any Phase of the Develaper ?rnprovemer?ts ar other' ?rar"ks of irnpr?o?ernerlt p??rsuant to this Ar`eeiner?t, the Developer shall, at its ors expense, use its cornrner'cially r"easarrable effar•ts to seclzte or cause to be secured any ar3cl all land use ar?d other entitlements, permits and approvals ?lricli may be ?+equired for such Phase of the Develaper ?rrrprove?nents by the City or ar?y other governmental agency affected by such corestr"uction or" work ?"Land Use Appr{avals"), The Age??cy ?vill? rrporr request, pro??ide r?easorrahle assistarYCe to flee Develaper in the De??elaper's pursuit of such entitlements, permits and approvals, ?f tl?e Develaper is unable to obtain any Land. Use Approvals for a Phase of the Develaper ?tnprovernents, t?xe Developer may terminate its rights abligatiar?s uz?der4 this Agreement ?vrth respect to such Phase, The Develaper shall, without lin?itatiarr, apply for anti secure alI permits and pay for all fees required by the City, Co?rr?ty of ?rane? ar?cl other gover'nrnental agencies ?vit17 ?ur•isdictiar? over the Site or? the development thereof, Develaper ackrro?vledges ar?d agrees that tl?e execution of this Agreetnerrt does not constitute the gr;ar?tin of or' a cornrnitment to grant ar?y retlrrir`ed land use permits, er?titlemer?ts ar approvals by the Agency or the City, 0 DOCSOCI? ???G731'131????7?-???1 0,? ?alifar??ia ?rivzroxzn?ei??al uali#y Actf The Agency and the Developer acl?na?vledge at?d a??ee that tl?e Agency is solely rieparrsible for' ??nder?taing to co??pletian, at its sole cost and exper?se, arry env?ront?rerrtal studies and docutner?ts required pursuant to the ?allfor'rria l?nviron???ental duality Act ?"?A"?. Subject to a detex'n?inatior? by the parties ?? to ??hether or trot to proceed ?vitl? co??.plia??ce ?vlth 1JA, a?• tert?inate further efforts regardix?g tl?e "Project" identified in srrcl? EA cornplia??ce, Agency shall d?rly file ?andlar shall ca??se pity to duly file} ? Nance ofDeter'?rrinatiot? andlor Notice of ?xernptior? p?rrs?rant to tl?e ?'e?ui?'en?er?ts of 1?A ?vitl?it? five days after tl?e date of Agency and arty approval of this Agreerrre??t, Tl?e Agency hereby agrees that, if any clraller?e to corr?pletia?? of the t'quireme??ts of 1?A delays or pr'ol?ibits Develaper' frot?n initially applyir?g for fina??cit?g far Phase ?-1 or R-2 of tl?e Project ?lncl??dl?lg, ?vltl?oL?t l???l?tat?arl, a reservation of Tax redits} beyo??d February 1, ?at2, ar delays prol?rbrts De?elope?" f?'om com?rrencit?g develapn?e??t ofPhase ?' beyond liebr?uary 1, 2U12, then tl?e Developer shall be entitled to tertr?inate ti3is A?'eeznet?t as to thaw Phases for ??hicl? f?rra??cing applicatiot?s or developrnex?t i preverltcd or delayed as set Earth herern arid, upon a??y such ter'rr?it?ation, the Agency shall rei?xaburse Developer for' its Tl?trd Party Costs ??itliiri sixty {??? days of s??br?lissro?i of docutrrentatrori to file Agency suppar'tiri such Tli?rd Patty Costs. 3U3,? ?o? ei•gei?? Cn or prior to December 31 ? X410 ??itli respect to Phase R_ 1 acid on or' pz'xo?' to tine date ari which Develope?? apples far' Tax ??edtt ?vitli respect to Plisse ?-2, file Ageriey shall cause a lot rilerger' p?u'st?ant to Santa Aria iVll???actpal Cade ectioris ?4-? tl?roi?gh 3?-37"? or other ??bdivisior? dap Act co?rrpliat?ce so as to coriibitie all of tl?e applicable parcels of file applicable Plrase into a single parcel. 0?, Sclze?lule of Perforlnaiice, The Developer shall corrrrnerice coristr«ctioti purs??arit to validly issued building per'rnits ?vitl? respect to file Retitai Portion oftl?e Project on or before thirty ?D} days aver tl?e Closing far file applicable Phase and shall complete cot?trr?ctiar? of the Developer Itrrprovements for the applicable Please of tl?e ?en?al l?or'tiori of tl?e Project on or' before twenty four ?Z?} ri?roritlis folo?ving carririlenceri?etit? for Phase P, grading oti all portrons of Phase F ??T?11 cariiriletice ???tl?tn 0 days of the onveyat?ce of the first portion or phase of Phase >? ?orast?•uction of the Develope?? ltr?proverilerits purs??ar?t to validly issued building perriirts ?vrll comrr?ex?ce ?vlthln nrriety ?9?? days of Canveyarice of the first portfot? or plisse of Phase PS, acid ?vitliiti 3? days after Conveyance of s??bse?rrerit portions or phases of Phase 1?? o?r?pletion of all construction shall oeci?r' are ar before twenty-four' ?2?} rriontlis a?er4 cotrrrilencenient of ?onstt`l?CtiDt] OIL tl?e first portlar? o?? phase ofPllase ?'„ ??. Dcvelopi?]erYf Obllgatiotls, U?,1 Cosh of o?rsfructioii. All of the costs of tl?e plat?tiin, design, developrnerit and construction of the Developer lrraproverrrerits shall be 1?o?'ne solely by file Developer. 0?,? Public Art ?`ee, Developer will provide publrc art ova bite or iii file nearby vicinity at cast of not less than axle-Half percent ???°I?} of the building permit valuatiar? far Phases R? 1 at?d R- ?"Public Ar't A???ount'??. The Agency and ca?llriluriity organi?atio?xs identified ley the 1?gerrey 4vill identify the lacatior? and the local a??tistie resources available to provide such p??blrc ar't, rf and to the extent less tliari tl?e Public Art Amount is expended, this difference ??ili be paid to tl?e Agency as a fee, 31 DD?s?C11?1??67??1312???72.00? ? D5, ?ro?isior?s of CI?iId dare ?`acllities? Upon issuance of a final cct•tificat ??' occupa??cy for the proposed approximately ??0 square foot colnmc?nity cel?ter to lie located ??itllin Pllase l?-1, Developer mill cause up to ??DD sq??a1'e feet on u1li?llproved space v?itl?irl sucl? community center to he available at na cast for a child care facility at tl?e Site ?tlle "Child Care Facility"}; provided, hou?e??er, if a suitable da?? ca?'e p1'o??idr Is r10t? 1d.elltrl"led ??V1t1??1? six ??} 1rrol?tl?s of issilarlce of a filial certificate of occupal?cy for the l?ild Care Fac111ty,1?e??eloper's obllgatlolls llllder this Section 35,3 shall terlnil?ater The Developer' shall coordi??ate with fire Agency and colnln??nity rep?'eentat?ves designated by fire Agency to ?dentlfy a q?iallfied day ca?'e p1'?v1d?1', Develaper n?ak?s rlo represel?tatl?n aI" arr`anty that s?lcll space ?s ?? for any pur'pase, illcludillg, ??it110??t ll?nitatian, the Cllild far;e l?acil?t?r? The Child dare ?'acillt? ??ri? be a?erate? by a care prio?ider` approved by Developer in its sole a11d a?solE?te discretian pursuant to a lease ?vl??cl1 ?v?ll also he sula?ect to Develope?{'s appl'a?al 111 1t Is sale and absolute dlscretiorr, Developer` shall have ??o liability ar obllgatlorl ??rltlr 1`??pect to tl?e Iderltr?catlol? ?? p1'ovider ar fat' the services provided at tl?e Child Cal"e I#ac111ty? 30,4 letarl Space. The Developer' will cox?st?'r?ct a1?d offer corl?lnercial retail space ?vitl?in I'l?ase -1 to a tella?rt 1•easollably acceptable to Developer' for ?`e??t at less tllall 111a1'1{et val??e so ?? to pra?lde atl oppD1't1?111t?', fll'?t to z'eslde??ts of ??]? tatloll D?str?ct ??ld second to ?`esidents ofthe City, to provide t?eillborhaod se1'vilr retail at affox"dable 1'errts, The Agency and corrrlnt?nlty repreentatrves designated by tl?e Agency ??Ill assist Irl C??1`dllratlllg Developet''s efforts in this I•egal'd? Its tl?e event that file parties ate ?znal?le to locate s??cll terlal?t ?vitl?il? x?inety X90}days fr`o1n the iss??al?ce of a temporary cer'?if ?cate of o?c??pancy for• srrch retail space, the11 »e?velopea? is na longer' obligated ul?cler this Section ?0?.4, DG, Irrsur•aI1C? ?{?????'erlle???s. Tl?e Developer` shall secure from a cornpally or cornpatrles llce??sed to carldrrct insurance b??slrless ?? the state of Callforrlia, pay for, a1?d 111a111ta1n 111 fill fo?'ce and effect f1'D111 a11d aflel` fire Closing far each Pllase, a11d co11t11??ling far the dr1?'atian of Affot"ability Pe?4iod ?ecept as p1•o?icled in Section ?. he1•eaf?? ins?r•ance as regr?ired herein fo1' such phase issued by ?1l "A:?I" 01' better rated i1?su?'ance car•I•ier' as rated by A,?1, Best Cozr?pany. The Developer shall furrlil? certificates of ins??rallce and enda?"sel?lel?ts to the Agency pl`ior ?o tl?e applicable Clos111g and shall fiat`nisl? corrlplete capies of s??ch policy o1' policies uporl request by the Agency 30G,1 irzlIrlxtrn Co?rcz'agel:?r???o?•serllerits, ot??ritllstar?di??g airy inconsistent statement i11 file policy ar any suhseq?rellt erl?ioliscrnent attached hereto, file protectiC311 afforded by these policies shall be ?vritte?? 011 an acc??rr`elrce basis ix? ?vhicl? tl?e Agency, City, a1?d tl?eir r;esp?cti?e elected and appointed officials, officers, empla??ees, agents at?d repliesentati?es ?togetl?el', "Additional Insureds"} are na?rled as additional irrsureds orl all covez'age, except for• ?orkel`s' coll?perrsation co?Terae, arld slrall; {a? ?a11?e Additio??al Insureds {fi'orll above} as additional irlstlreds D11 a Co111111e1`C?al et?eral Liability ?"CAL"}policy; ?b? lrlclude ate endal{serlrerlt to file CAL policy t?at?lillg the Additional Insr?reds a additiarlal 11rs??reds, ar?d said et?darsement shall be delivered to the Agency D??SOC114??b?3ti?? 312???72-???1 3? Exec??tive Director• prior to a??d as arl Agez?cy's otaditior? Precedent ?ar?d n?ai?Ytained as required herein; ?c? Provide a combined single limit of b?•o? ?ot•?rr catntne???tal et?erl liability insurance ire the a?r?ount ofT?vo Million Dollars ??,???,p??? per occ?z??rence, ?vl?icl? will be cor?sidet•ed equivalent to the required r??ir?itrru limits, axed such insurance shall ?i? be 4vr•ittet? on an occurrence form, err} be ?v?•it?en with a primary policy for?? ?vitl? lirnits of not less than l,aaa,oaa per ?cc??r•r•ence; viii} be ?vrrtten ?vrth arse or• mare excess layers to b??it? tl?e total of primary and excess coverage limits to trot less tl?at? ?,?Oa,O?a per occurrence, Div} not be ?vritter? with a cled«ctihle greater than ??,aaa per accurre??ce, ??? contain a ?vai?er of subrogation ire favor of tl?e Agency; ?d} P?•ovide prin?ar•y auto?r?obile liability it?s?r?•ance for owned, t?on?o?vr?ed, and l?ir•ed vehicles, as applicable to, or for at?y use related ta, tl?e Project, its an a?r?out?t rat less than ?r?e Million Dollars ?l,aaa,OQ?? combined single lir?7it, with excess ins?u?a??ce coverage to bang the fatal al?noz?nt of a??tot??obrle lrab?I?ty rrrstz?•at??e coverage to are ama??nt not less ti?a?? T?va .illior? Dollars ?2,a?a,???? per accident for• bodily it?j?rry ar?d pr•ope??y damage; fie} dear a?? endorser?re??t or? shill leave attached a r•ider• p?•oviding that Agency shall be rlot??ed not less than tl?rr•ty ?3a} days before any expir•atiot?, ca??cellatiotl, or tan-rer?e?val of such polio or• policies, ar?d shall be r?oti?ed riot less than terl ?l ?? dads after at?y event of ?lor7payn?er?t of pretty iurrr; ar?d ??} ?]evelape?i shall also file with Agency the fallo?vitt sighed cer•tificatian, "I a?n aware of, and will comply ?vitlt} section ?7?? of the Lobar bode, requiring every employer to be i??s?zt?ed against liability of o??kers' oxt?pei?satio?t or? to ??nde?•talCe self i?tsur*ance be?oi•e camniertciit any of fife ?varlc,?a Developer shall co?ttply with Sections 7?? and 38?a of tl?e Labor bode by secririi?g, paying for aid ?ttaintaini?t i?? fill force and effect from. attd after• fife lasing, attd coritir?uitt far tl?e dur•atior? of fire Affordability Period, cotttplete ?vo??l?ers' eoipenatian iilsurai?ce, to stat??toa?y liinit, with en?ploye??s liability li?r?its riot less tl?ai? Orre Millio?t dollars ? 1,aa?,Qaa} per occ?rrre?tce, and stall fiirrrislt a Certificate of ?rrsui•a?tce to the Agency before tl?e co???n?er?cente?tt of or?st?•?rctiot?? All ?ddltianal ?r?s??reds shall t??t he respot?sihle far ar?y claims lit la?v or• equity accasiorred by fife failure of the ?eveloper• to carnply with this ectiari 3aG?l. ?ver•y ?vot4l?ers' contper?sation insurance policy shall bean an ei?do?•ser?ent or shall leave attached a rider providing that, rig fife event of exprratio?t or• proposed cai?cellatiott of such polio for airy reaso?t ?vllatsoever, the Agency shall be ??atlf led, giving the Develaper• a s?rfficier?t tithe to corrrply itl? applicable la?v, but ire Ito event less than thirty ??} dais before s??clt expit•ation, cai?cellatian, or t•eductioi? in coverage is effective or tern ?l a} days in fife event of nanp.yirient ofpreinittm. ?a????1???????'1????????-??? ? fig} ha??ld at?y ?? the insurance co?rerae re?trired here be written itlr an a??nrral aggregate st?clr aggregate shall be disclased in ??rrtrn to the Agerrcy. ?h? Par' alI insrrrarrce re?rrired under this Section 3??,?, tl?e Agency sl?a?Il lave the right, at eery eve ?5? year period, to ?'evte?v the types arrd ltn??ts of rnsurance co?rerage req?rired l?ereir? arrd to male reasonable adusttents, provided that such types at?d Iit?its shall not exceed teat typically carried by the a?vner' and operator of a carnpa?'able affoz`dable ha??sin apartr?ent can?plex, of approximately the sat?.e size, ire range Co??nty, ?alifarnia, based orr reasonable research at?d irr?restigatian by t??e Agency. U6?? P??opet'?y ?t?str??aricc? arnr??enci??g rrpor? the ?Iosin fot• each Phase and cantrn??rrrg for the dru'atiar? of the Affordability Per4iod ?vitl? respect to srtel? Phase, ?evelapet' shall seut'e, t?aintairr, at?d pa?? ?'or the folla??ing ali?risk Praper•ty Insrtr'at?ce; pravicled, l?a?vever', rte tine ease of?ut?dr' il? it?srtrat?ce ?vlrete Developer{ i not tl?e general contr'actor', Develope?? r??ay cause the requi?'ed builder's risk insurance to be sec??recl, tnairlta?ned, arrd paid far' by the general cat?tt'actar; ?a} Prior to tl?e start of construction at?d cat?tintting ??t?til the carnpletion of corrstt4r?ction {tl?e latter of firral aceeptarrce of the Praject o?i issuatrce of the final certificate of acc«paney for the Pa'oject}; aliwrik builder's Risk course of construction} insurance coverage in ate an?olttlt e??al to tl?e fell cost of the Lard constt'??etion casts of tl?e ?'r+o?ect, ucl? insrtrarrce shall cover, at a minirrr?lrrr: all ?vork, trtaterials, at?d e?uipn?er?t to be rl?cor'porated rnto tine Pr'a?ect; the Pl`a?eet dl?r't??g coristr??ct?on; the corr?plete?l Project llr]tll such tirrre as it is accepted by the Agency; and storage at?d tr'anspor'tation risl?s, ucli rt?sut'ance shall pr+otectlrns?rre the interests of the De?reloperfo?vrrer at?d all contr'actor?s?, arrd ail slrbcontr'actors, as each of their interests r?xay appear'. ?f s?rcl? ins??r;ar?ee i??clude? a?? exclt?iat? for `{design ez•x+or," such eclrrsiarl slrai? only be far tine object or portiarr ?lric?x failed. Such ins?tr'at?ce si?all incl?rde ate inst?rer's ?varV?r` of subrogation its favor of each pratectedlinsured party thereunder and the Agency, Tl?e Agency shall be rratned as an additional lass payee, as its interests rrray appears, ??ith a lass payable er?dorsement, ?vhicl? shall be delivered to tl? Agency priior; to the start of cot?str???ctior?. fib} otrtt?rencing ??vitl? tl?e campletiorr of car?str'€tction at?d contir?rtin for tl?e duration of the Affordability Period: ?a? all-risk physical da??age ins?rr'at?ce coverage, ors are all-r'isk basis, eoveririg II insurable str'?rctrtres and et?uiprnent, inclrtding coverage far' buildi??g code changes, rrr an at?ount nat Iess thar? I0?°I? of the replacerxrerrt cost of tl?e total valrtes at risk, ?vhicl? shall be adjusted for increased costs of cot?strlrctior? arrd replacement on are ann?ral basis, to protect against lass of, damage ta, or destr'uctiorr of tl?e Projects such ir?s??r'a??ce shall riot contain a cains?rrar?ce cla?tse; ?b? brtsiness interr'rtptian and extra expense insurance to protect tl?e Developers and all Additior7al insureds covering Ions of rever?rres andlor extra expense incurred by reasarl of tlae total ar' par'tial suspension ar delay of, ar' rnterr•?rptior? in, tl?e operation of tl?e Pr'o?ect, ar at?y portion thereof, caused by doss or ?ltrtage to or destrrrctrari of at?y part of the ins?trable real pr'aper•ty structures or' e??xiptnent as a result of the perils ins??red against ?rnder such all-risk property ins?rrat?ce? covering a period of srzspensian, delay ar irrterrrxptian of at least t?vel?re ?l?} calendars i?anths, its an atnaurrt not less than the amount required to cover' such business interr?iptton at?dlor extra expense Ions durir?g any s??cl? period; srtch insurance shall not contarrl a deductrble iii an ai?orri?t iil excess of a tl?ir?ty X30} day period; and ?c? as applicable, ?? D?CS4 CII ? ??b7v 131?4??"?2-DDD ? boiler and maclritrery ttrsurance ita the aggregate at?no?tnt of the firll replacetner?t value of the equipmerrt typically cavet'ed by s?tch insrtt?ance; such insut•at?ce shall be exterrded to include b?tsirtes inter'r'uptiotrlextra expense coverage, as dcseribed above, provided, ho?vever', that the limits of covet•ae shall be trot less tl?at? ninety ???} days instead of t?velve ?l ?} tnot?tlas? ?n the covet•age required ?tnderi this subparagraph 306?2?b}, all ?ddrttatral ?ns?treds shall be r??tned as an additiotra? lass payee, as tlreir4 itate?•ests nay appear, ?vit? a lender's lass payable endorsement ??het?ever? possible, and ?? teat attainable for• Add?tiot?al Itrsure?s otlreri than agency, tlretr a loss payable et?dorsernerrt rna? be ut? I ized, ?vhich shall be del ivered to the Agency at the carnpletiotr of construction and priar to the e?piratiott of tl?e builder's r•lsk eavet•ae required lrereitt, ?c? for all ?trsuratrce req?t?t•ed under thrs ectrot? ??,, said palices shall pravfde, by endorsement, that they ?vill trot lie catrcelled oz4 ton-rene?ved ?vitlrout at least thirty X30} days pr??ot? ??ritten notice to the .gency, except itr tl?e event of nan-payment of premium ??rlriclr shah ptio?ride far' at least tetr ?l ?} days ?t•lar' ???rlttetr trot?ce to the Agency, 063 Applical?i?i? ?o ?ot?-Sale ?or??torr off' #?te Pr?occt' The insurance pravlsiarrs and requiretrtent asset for?t?r in this Section 306 shall apply to both the ?etrtal 1'ot?tion of tl?e ?'ro?ect acrd the for«Sale Portion of the Pt•oject; provided, however, that t?otithstanding arty provision or r'egttiretnent of this ectiotr 306, tl?e Developer' shall have na obligation to maintain any foz'tn of t??surance ?vitlr ??espcct to arty ?-?oltsrtrg Utatt ?lncludln arty Affar?able Fo??_ Sale ?nit? located ?vitl?in the I'or-Sale ?'ortian of the Project upata the sale of such ?.o?tsit?g Unit to a third-party buyer Upon the sale of the last l?o?tsit? I?r?it located ?vitlrit? the Por?Sale Portion of tine Project, the Developed shall have no further obliationr to rnaitrtaitr at?y it?sttrance itlr respect to the Pad?Sale Portion of the Develaptnerrt that would otherwise be required p?tt•suant to this Section 306 ??? ?tldelrrrll?' 307,E ?3e?velopex' ?tZdert?nity, Developer shall rndetntrrfy, de?et?d and bald harmless Agency at?d pity, their' respective officer's, agents, employees and volr?trteers fr•on? at?d against any and aii Ions or damage, e?pet?ses, itrjuries, death to airy person, damage to r;cal a?• personal property, elaitrr, demand, suit, action, judgment, settltrrerrti reasotrabie attortrey's fees, costs, od pt•aceeding of try lCit?d arising out of ?evelopctk's acttans atld obllattans rrr?srtatr? to this Arecrnetrt? Develaper•'s inrplernet?tatiot? of this Agt+eetn.et?t? Ue?relaper's recur+itrg of financing, desrgtr development drawings, the engineering, corrstructiorr, reconsfructlarr, structural irrtegt4ity of the Pr'o?ect, tnaintetrance of Project, opcratiotr and subsegrtent sale of the Pra?ect, 1nclUding but not l?mrted to? ?a} latetrt tnatet•tal defects rn canstructiorr of tl?e Pro jeer; ?b? arty cot?structton defect rtr the 1't•o?ect; (c? personal irrjudy, including death, oft?re employees, agents, of?icet•s, atrdlor volrtnteers of Developer, Developer Parties, at?d?o?k atr?? subcontractors, independent CQrlt?'aCt01's, pat'tt?et"s, arld?or' s?tbstdtar?e or tlrlr'd par'tres rr? connect?a?? ?vitll the Pro?ect$ DDCSOC?1 ??0673??? 312??2?2-???? ?d? praper•ty da?r?age claims of the ernployees, age??ts, officers, andlor ?alulrteers of Developer ?evelopel' Parties, andlor a?ly subcantr'actors, independent contractors, partlrers, and?oli subsidiaries or tlrird parties ?n connection ?vltlr the Project; ??} delay in corrstructio?? of the P1'aject beyond the dates set foi?lr here??? and tl?e clred?rle ofPerfoa?,?at?ce acid subject to ??•ce ??rr??j??r??e; acrd ? tl?ie failrri'e to rrrake req€?ire?l real estate disclos?rles to subseglrent br?yers of hoirres an Phase li t Develapez4's obl?gatlon to lndeirrnl'y as set forth in this Agreerrrent slrall extelicl to loss ?i' dalrr?rge, ex?errses, irrjrrries, death to airy p?l•SOII, dalrrae to real or perolral property, clallr?, delr?al?d, slrtt, action, ?udgl?.?l?t? settle?i?eilt, reasonable atta??ney's ????, CastS, or' praceedlirgs of airy kind that are disco?rered or accrue, eltller before Qi' a?e?; tl?e tern??riatlan of this Areel?rent, ?at??rthstalydln file fog+egoi??g, De?elopei' shall ??ot be reylrired to rrrdeirrrrrf?? alyd lrald lr?i'mless Agency or tl?e pity for lrablllty attributable to the acti??e rregliet?ce of, i?itentional n?isconciuct by, or breach of this Agr'eer?ierrt by Aget?c? or the pity or airy of their boards, afficez?s, employees, representatives or agel?ts. 3D7?? AgellC?' ?11(??IrrYll Agel?cy Shall llldei?ln?y, defend al]d lrold ?lal'lnles De?elaper' alyd its officers, agents, and employees f?•on7 al?d against airy alrc alb doss ol` dal?age, expeises, ilrjrrries, dea.tl7 to any person, dalrrage to veal or persolral property, clallrr, del?lyd, suit, actiox?? j?zdgl??el?t, settler?relrt, reasol?able attori?ey's fees, costs, o?{ proceedi?? of airy kind arising out of Agency's al?d pity's actiol?s or o???issians p??lsuarrt to this Agl;eenrent, Agelcy's perforlriance of its obliatiarrs ??lydel• ti?is Agreement, and tine ??elience of, llrterrtlonal miscond?rct by, of breach of this Agreeirrent by Agency or the pity or any of tl?eia4 boards, officers, enrployees, rep?ieset?tati?es ar agents, including brrt not limited to. ?a} Agelroy's ??elocatiol? of the residerrts a??d occupants of the bite, fib} The entry upox? tae bite after' lasilr by Agency or pity or tlreir respective officer's, agelrts, e???ployees acrd ?al?rnteel•s, ?c} Agency's ac?ulsltlarr alyd lrralragetnent of the bite pl'ioi' to t??e ?losilr ?`or the applicable Phase ofthe lte? Aelcy's obligation to tndelrrirify as set fot?tl? in tlris Agreelrrent shall extend to loss or damage, expenses, i??j??ries, death to airy person, damage to real ar persorral piopex?ty, clairrr, den?a??d, writ, action, judglnerrt, settle???ent, 1'easonable attol?trey's Fees, casts, ar praceedilrs of airy kind that are discovered or acc??ire, either before of af?ei` tl?e tert?lination of this Agreetrielrt. ?ot??ithtalyding fire foregoilrg, Agency shall not be r;eq??ired to l?ldenrnrf? acrd hold harmless >?evelopel• for liability attributable to tl?e active negligence of, intentional rr?isconduct by, ar br'eaclr of t?ris Agreelneirt by Developer or its officers, ernplayees, r'epreselrt.tives or agel?ts; noi' shill the Age?acy inclerrlnif} and hold Deveiopel• l?arrrrless ?vitlr 3? D?SO?J 1 ??4??3?F1 ?12??27?-?D? ] respect to any action challenging the ?al?d?ty of this Agreement or' ar?y ot??e?4 actions of Agency in cot??nectior? with appro??al oftl?is Agreement, including ?vitl?out limitation, ???A halie??esi ?8? Rig??#? oI" ,?cce?s. Prior to the issuance of ? >?eleas of ?onstructian overrar?ts with ?'espect to each Phase ??? specified in Section 13 of tlYis Agr'eerrier?t}, for` purposes of assuring com?pliat?ce ?vitl? this Agreemei?t, represer?tati?ves of tl?e Agei?cy shall lave the rrglit of reasonable access to ar?y Pllase of t??e bite that leas nat yet received a release of ox?struction covenants, ?vitbotrt charges or fees, at r1orrna? co??strrrction lYa?rrs during the period of construction for tl?e purposes of tlais Ar'eetrrer?t, including b?.t riot lrrrrrted to, tl?e i??spection of the ?vorl? being performed irl cor?str??etir?g the Developer I?npraver??erits so long as tine Agex?cy repr'eser?tatives cv?ply ?vitl? all safety rules, In exercising s??ch entt?y right, tl?e Agency shall not inte?'fere ??itl? or dlsr;upt tl?e De?e?o?e?'' co??s?rue??on ac?l?ltles. Tl?e Agene? ?a?? its ?'ep?'esentativ??? Shall, except rn ernergericy srt??attons, ??otify the Developer prior to exercrsrr?g ?? rights p??x'srrat?t to Mils section X08, ??ith a t??ii?irrr??r? 2? bou?'s Notice, In s?rch e??ent, file Agency shall defend, rndernnify ar?d ??old the Developer, its rnerrrbers, par;tt?er', e???layee, at?d officers, llarr?less ?vitl? respect to ar?y claim, demat?cis, damages, defense costs, liability or expense including, ?vrtl?out lin?rtation, reasar?able attorneys' fees ar?d co?rrt casts of ar?y I?it?d or nature relating to tl?e Agency's exercise of its right ofaccess purs??ant to this ectioi? 3D8, 3U9, I?vrrci?scriir?trrr#ior? ire ??r?ployl??e?Y#. De??eloper' eer'tifies at?d az'ees that all pe??sons errrployed or a.pplyir?g fog; e?r?pioyl?e??t by it, its affiliates, s??bsldlaries, or bolding cornpa??ies, and all subcontractors, bidders and ?eiidor+?, a?'e and will be treated equally by it ?'?ltllo??t regard ta, o?? because of race, color, religion, ancestry, national origin, sex, sexual orie?itatiat?, age, pr'egr?at?cy, cl?ildbirtb or related medical cond.itior?, medical conditio?? ?cat?cer related} or physical or mental disability, and incompliance with Title 'III of tl?e civil I?igl?ts Act of 1964, 42 t??.G. Sectiari 20D?, ? seq?, tl?e ?'ederai ???ral Pay Act of 1G3, ? U?F? Section 2?6?d}, the Age Discrirninatior? ire ?r?ployr?rent A,ct of 1967, 29 U,, ectiari 621, ? se??., file Ir?r?rrgratlon l?eforxr? at?d ?ar?trol Act of 1986, ? U?SF, Section ? 3??b, e? serf., 4? U... Section 1981, tl?e California Pair ?r?ploy??ent and I?a??srrig Act, dal, government bode Section 1900, e? se??,, tl?e alifornra ?q?zal Pay La4v, dal. labor bode Sectiai? 1197, dal, overnrnent fade ectiot? 111 ??, the Arrrericans itl? Disabilities Act, 42 ?,,, Section 1 ?1 D 1, et se??,, ar?d all other` anti-discri?ni??ation laws and regulations of tl?e i?rlrted States and the state of ?alifari?ia as they no?? exist or ?r?ay hereafterk be amended, T'l?e Developer shall allow representatives of the Agency access to its et?.ploy?r?e??t ?+ecax'ds related to this Agreerner?t during regular' business lours to verify compliance ??rtl? these provisio??s ?vl?ei? so requested by tl?e Agency, 3??? Taxes alai Assessrncri?s, Except to tl?e extent exer??pt tl?erefr'om, tl?e Developer shall pay prio?? to delinquency all ad ?ralorern read estate taxes and assessments on each Phase of tl?e bite attributable to periods subseq?rer?t to closing far s?tch Phases s??bject to tl?e Developer's right to car?test in good faith a??y s?rcb taxes Folla?ving the closing far ar?y Phase, tl?e Developer shall remove o?? Dave removed oily levy or attcl?t?ret?t Made on a??y Phase ofthe Site or any part thereof, or' ass??re tlje satisfaction thereof within a reasonable time 'ale Developer tnay apply for propea-ty tax abatement from file payment of all property taxes or assessments d?rr'it?g tl?e period of its o???r?ersl?ip on any interest in or' to the Site or any part thereof, DDCS?C1? 4?0G7??+? 3I2?27??0?? t 7 311. om??lia??ce r?t?? Laws, The De?elope?• shall carry art the design, cons#r??ctiot?, de?elapment and operation of the Developer h?pro?e?nents in canfor?ity Frith all applicable laves, l?icl??dlt?g all applicable state labor standards, City coning and development sta??dards, building, plun?bit?g, ?r?ecl?anical and electrical caries, a??d all other pro??sions of the City's Municipal Cade, and all applicable disabled and handicapped access x+equirements, it?cl?zding ?vitl?out li?nitatiot? tl?e America??s itl1 Disabilities Act, 421J,,C, Section l21 a 1, e? s?q,, o?ern?r?ent Code Section 4450, e? seq., Co?err?tnent Code Section ? ? 135, e? seq., and tl?e t.Jnruh Civil igl?ts Act, Civil Cade Section 51, e? seq,, and a??y other applicable a?e?'nn?er?ta l Iegl# lrements. 3? 1?1 1're??ar?ing image La??vs. Developer sl?all carry out tl?e cot?structian t????augh con.?pletiot? oI`the project at?d tl?e overall de?elop?nex?t of the Site i?? canfo??xnity ?vitl? all applicable federal, state and local labor lags atld reg??latiot?s, including, ??itho??t li??itation, if applicable, the require?net?ts to pay pre?rall?t?g wages under fede?'al Ia?v ?tlle Da?tis-Baran Act, 40 U,S,C, Sectio?? 141, e? seq., at?d the regulations promulgated. tllete??nde?i sot fortl? at 29 C?'? fart 1 {collecti?rely, "]?avis-Baco?l"?) and Califarr?ia la??x ??,abor Code Section 1'??a, ?? seq.. ?ot??itl?standir?g the faregoi??g, ?a} tl?e Agency ??ereby acl??a??rledges and agrees that ?aatl?ing in this A?•ee?x?el?t for ar?y of tl?e dacumet?ts ente?'ed into by tl?e Agency and tl?e >?e?e?ape?? i?? col?t?ectio?l ??itlr tl?e trans?ctio?is ca?xte?r?plated by this A.reeme??t is inte??ded to it?pase o?? tl?e Developer, contract??ally or otl?er?vise, tiae obl?atlon to pay prcvaili?? images ?zt?der federal, state o?' local la??, at?c1 ?b? the Agency l?ereby represents and v?arrat?ts to tl?e De?elopeiF, its s??ccesars and assi??s, that all fi???ds ??sed by the Age?icy in cannectiar? v?ith this A?•eernet?t at?d the trat?sactia?rs co??templated hereby, i??cludit?g, v??itl?out limitation, finds used and to be used by tl?e Agency to acquire each ar?d eery con?pone?tt of tl?e Site, funds used at?d to be ??sed to pay for relocat?o?? and demal?t?o?? of exlstln l??pro?emet?ts a?? the bite, fends used and to be used to fund tl?e Ae??cy Laat?s a??d fiends used and to be used to fend Hot??ebuyer Assistance ?,oans, solely co??stitute ??aneys from a 1?a?? atld Moderate ?tacotne Ilausi?? ?'l?nd established purs??a?it to Sectia?? 33334.3 of the California Health and Sa?'ety Cade, all v?it??n tl?e meaning of section 17?O?c}?4? of tl?e alifo?*n1a Labor Code, The Agency unde??stancls acid agrees that tl?o >?e?eloper ??rill ???aterially ?;ely on the foregoing v?rarra??ties i?? its determination as to ?vhetl?er prevailing ??ages a?'e required p???'s??ant to Califo?'nia lave or Da?ris?Bacon. Tl?e pa?•ties ackna?vledge tl?at ?t?ancing str??ct???'e utilizing certain federal a?idlor state funding sources at?d financing scenarios ?l?t ot?her???se Idetltlfl?d ??e?'eit? ray trigget• corripliance ??ritl? applicable state at?d federal prevailing ??age laws and reg«latians. The applicability of federal, state and local prevailing ??age la??s vvill be dete?'?nined based €?po?? the final financing str??ct?tre and sources of fi???dit? of tl?e pro jest, as approved by floe Agency ?xec??tive ?]irector, The De??eloper shall be solely responsible, expressly or in?pliedly a??d legally a??d financially, fo?• deter?????in a??d effectuati??g compliance ??itl? all applicable federal, state and local public works requirements, pre?ailii?g v?age laws, lobar Ia?vs anal sta??datds, a??d, except as pto??ded above, ??either the Agency tlor City makes any represe??tation, either legally andlor financially, as to the appi?cablllty ar not??a??plicability of any federal, state a??d local laws to the I'?'oject, either onsite ar offsite, Tine Developer expressly, l?no??i??gly a??d voluntarily aclc?lo??vledges and agrees that neither the Agency nor City ha?re preciously represe?7ted to the Developer or to atly reprset?tati?re, agent ar Affiliate of Developer, or at?y cantractor?s? or' any subca??tractot•s? for the canstr?uctio?l ol{ development of tl?e Project, i?? ?vritit?g or oti?er?vise, i?? a calf far bids or o?l?er??ise, tl?at the ?vo?'k at?d construction ??nde?•taiCen pursuant to tl?is Ag?'eement 3S DD?a?ll ???b73??t 31??D272-?00 ? is ?or• is loot} a "public work," as defined in ectiot? l??? of fire Labor Code or under• Davis-Bacatr, The De?elaper knowingly and ?rolul?trily agrees that tl?e Developer' shall lra?e the obligation to provide any and all diselosr?res ar Identlf?cattcns as I"equlred by Labor Code ectiat? 1781 a?rdlor ?? Davis Bacon, as the satx?e rrray be at?retrded fr•olr? tame to ti?rre, or any other si??nilar acv or regulatialr, rf aird only if the repr"esentatlon and 4?arr•anty provided by the Aer?cy to fire Developer in this Section 11 ? 1 remains true, cot•1•ect and eorrrplete in every respect, tl?e Developer shall lndexnt?ify, protect, pay for, defend acrd hold hart less tl?e Agency, the City and their respective afficer•s, e?nployecs, agents and rep?•esentati?es frotrt at?d against any and all loss, liability, damage, claitrr, cost, expense andlor• "increased casts" ?irrcludirrg reasonable attot•x?eys fees, court acrd llttgatton costs, acrd fees of expert ??it?resses} ??1?lch, in cal?nectia?r ??itlr tine development, ca?rstr"?tctiol? has defined by applicable la?v? andlor operation of tl?e Project, i?rcl??d?t?g, v?ltholrt lrrnrtatra?r, a??y at?d all p«blic ??oz??s has defined by applicable la???, tes??It or arises Irr airy ??ay fi'alr? airy of tl?e fallowi?t. ?i} fire ?rot?catr??alia?ce b? the De?lelapel? ??itll any applicable iocai, state andlor federal la?? or I'eglrl.tiarr, i?acluding, ?vitho?tt lit?titation, arry applicable federal andlor• state labor la??s ar• reg?rlatior?s ?includi?rg, ?ritl?out llt?ltattolr, if applicable, the regrrirelnerrt to pay state atrdlar' f?der•al pl•e?ailin ??ages?; ?ii? t?xe llnpletnerttatton of ectron 1'?5 ? of the Labor' Cade andlor• of Davis Bacorr, as tl?e sar?re Irray be arrrended ft'orri time to time, or' airy other sr?nllai• la?v Dr• regulatio?r, andlor viii} failure by the Developer' to provide any required disclosut•e or ide?rtificatiotr as 1•egr?ired by Labot• Code Section 1781 arrdlol? by Davis Bacon, as the sane rrtay he arnerrded f?•ot?l ti??e to til?re, or" any atlrer similar la?v ar r•eulatio?r, 1f and only i?' the representation acrd ??arrar?ty provided by fire Agency to the Developer in this Section ? 11,1 remains tare, correct acrd cot?plete in every respect, it is agreed by the parties that, itr cot?t?eetion ?vith fire de?eloptrtent and carrstr?tction has defined by applicable la?v or regulatiarr? of the 1'1•o ject# Incl??drrl, ??iti?aut limitatia?r, a?r?r artd all public ??orl? has defined by applicable la?v or regulation?? the Developer shall bear all risks of paylrrent or ton-payment of pr•e?ailing ?vages ?trrder' applicable federal, state and local la?? ar" t`egrrlatron a?ldlor• the itr?plet?rentatiarr of Labot? Cade Section 17S 1 andlor by Dads Bacon, as tl?e same Inay be arrrended from time to tirrre, andlor at?y other' slrrrilar 1a??r or reulatiarr, "rncr•eased costs," a used irr this Sectlo?? 311.1, shall have fire tneat?it?g ascr"ibed to it in Lobar Cade Sectio?r 1751, as the sarrre may be at?rer?ded from tine to time. The faregai?rg it?del?rrity shall sur'?ive terr?nrrratlon of tills Agreerrretrt acrd shall cantll]lte alter con?pletiotr of fire constt{rtctiol? and develaprrrerrt of tl?e Project by the Developer 1?, Liens acrd Stop 1?oticcs? Fr'orrr and aver t1?e Closing far' a pa?•tie??lar Phase acrd during fire col?structiorr of such Plrase, tl?e Developer shall ?tse all reasonable eflai•ts to not allow to be placed orr s?lclr Phase or qtly part thereof airy lien or stop notice if a clair? of a lieu ar• stop notice is given or recorded of fectit?g any Phase of the Developer' 11npravemet?ts or• any Phase of tl?e Site ar any por'tior? tlrereaf by r"easor? of Develapel•'s pI•edeveloprrrent, developrrrent andlor cot?str'uctiorr acti?rity, tl?e Developer shall ?vitlrtt? thirty ?a? days of such recording or• ser•?rice ol• ?vitlritr eve ?5? da?Ts of the Agetrc?='s det??at?d ??rhichever last occurs: ?a? pay acrd discharge the same; or fib} affect tl?e release tlrereaf by recording acrd delivetiir?g to the Agency a s?trety bond insufficient forrr? and at?ot?nt, or o?her•?vise; oti 39 DO COCI1 ?I? ??74?131????7?-?0? ? ?c} provide the Agency ??itl? ather assura??ce ??hieh the Agency deems, in its reasor7able discretian, to be satisfaetary far` the payment of such lien or bonded stap notice and fay' the fill ar?d ca??tinuous pratectiar? of Agency fram tl?e effect of such lien ari bonded tap r?atice, ?3. ?eleasc of o?l???rrcfio?? n?e??a??t?, Promptly aver' corr?pletiat? of ai?? Phase of tl?e Develaper ???pra?el?er?ts ire confarrnrty 4vrtl? thls Agreement, the Agency shall f?#r'r?isl? the De?Feloper ??ith a "Release of ?anstr#uctian averlar?ts" far' such Phase, srrbtar?tiall?r ire the faun of A?tacl?tnent ?o. ? lYereta which is irlcor'porated l?ereitl by reference, The Agency shall nat ur?reasanably ithhald any such Release of oi?str'r?ction a?enat?ts, Tl?e Release of ot?struct?on a?enarits shall be a eanclusive dete?'rninatrorr of satisfactory co?n?latia?? of the applicable Phase of the Developer' Irnpra?'ernerlts and the Release of ansfl'rretron a?erlai?ts shall sa state. Airy pa??ty then a??riin ar' tl?er'eafter p??rcl?asii?g, leasing ar ather?ise acq?rrr'irrg any ir?tet#est lr? s??cl? Phase of t1?e vita shall not because of sucl? o??e?'ship, prr?'chse, le?.se or acquisitia??} inerrr airy ablrgation or' liability ??iader this Agreerner?t except for tl?ase car?tii?uiri co?ei?ai?ts as set fa??h in Section ?a? of this Agreeine??t as they relate to such Phase, If ?l?e Aer?ey ?'e?uses a?' fails to ?'?rrt?ish a Release of o?st??rrctia?? ?ove?lants, after written request fi'ain tl?e De?elaper, the Agency shall} ??itl?ir? tl?iity ?3a? days of ?rittel? request tl?er'efaa#, pra?ide the De?elaper` ??itl? a ?z"itte?? statement of the r+easons tl?e Agency ref??sed or famed to frrri?ish such Release of or?sti'??etion a?enants. The statement shall also contain Elie Agency's opir?ia?? of tl?e actio??s tl?e De?relaper' inust tape to abtair? s?iel? Release of ?ot?struction ?o?et?ai?ts? Yf tiae Aget?ey shall have failed to pra?ide st?cl? era"itten statement ?vithir? s??ch thirty ?3?? day periad, the »e?eloper4 shall ?{et?e?? its request and if tl?e Agency fails to f??rr?isl? either such Release of ?or?structiar? a?er?az?ts ari a ??ritten statement of reasons that such Release of ot?structia?? ?a?enants mill not be pro?i?led ??itl?in air additial?al period of ten ?i?? days after r'ene?val of the ?'e?uet by Developer, the De?relaper's canstructior? eovenat?ts shall co?xcl??sively be deemed satisfied ??ith r'espcct to srrcl? Phase as if the Agency had iss?red tl?e Release of Construction o??enants, A Release of onstz'rretlor? ?avetzants shall clot constitute e??rdei?ce of cornpliance ???th ar sat?sfactlor? of any obligation of the De?relope?' to at?y balder' of at?y ?nor•?age, or' arly rnsurea' of a mortgage securing rnoney laai?ed to fi??a??ce the Developer ?inpr'o?e??ents, or any part thereof, Tire Release of otltrrrctrar? a?enarits is not a notice of cainpletiai? as ?'efer?'ed to in Section ?a9 aftl?e ?alifarx?ia i?il soda. 3?4, Agency I'irYancial Assis?ar?ce. ??,1 ?ell??' Lo?r? Based an tl? Budget, Agency hereby agrees to loam to the I)e?elaper', subject to tl?e ter+ms and conditions set for?l? ?vitl?in this Agreeinent and tl?e documents and ir?str€unents execrited by the De?elaper its coi?i?ectian ??ltl? this transaction, the amount of Ten illior7, fight ?u??d?'ed Tl?ousai?d I?allars ? I ?,Sa?,00a} far Phase R? 1 the "Phase R-1 Agency Laai??'} and ?"oui' Nlillian, Seen Hundred e?ei?ty Thausarrd I?allar's ?4,?7?, aa?} far{ Phase R?? ?tl?e "Plzase R- Agency Lawn"? a??d one ?illian? Pipe Hundred Thousand ?]ollars ? 1,5?a,a??? for' Phase ? ?tl?e "Phase PS Agency Loan"?, The Phase R» 1 Agency Loan, the Phase R- Agency Loan, aid the Phase PS Agency Loan slrall be adjusted up??ard andlor' do??r???ard if and to tl?e extent the Fatal >?e??elopment Costs set forth in the Revised Budget caries frarr? tl?e ?`atal De?elopn?ent fast set forth ire tl?e B??det" Tl?e Phase R? 1 ?a DCSa?ll?i??b?3v??1??Q?7?-??? ? Loan, Phase ??? Laa?7 ar?d tl?e Phase P Agenc?? Lawn al'e san?etitrles collectively 1'eferred to llel•elxl ? t?le "Agency Laa??s,?? 1?,? Repayme??? of #lxe Ae??cy Laa??s, The Phase R? 1 Agency Loan, the Phase ?? Ael?cy Load at?d tl?e FS Agency Laan shall each be e?tde?iced ? a separate Prolnissal'y Note, and tl?e De?elope?''s abllgatloz? to 1'epay caclt such Agency Loan shall be set fal•th z?? such P?;o??issal'?? Nates ?tl?e "Plraso ?«1 Pralnissot'? Nate" "Phase R-2 Ptio???issal* Nate" and the Phase FS Pro??isary Note or, callecti?rely fhe "Pron?issary Notes"}. The Agency Laa?ls shall be fi???ded solely from t?or?eys fl'orr? a Lo?v and Moderate lncotne Hausi??g Fund established p?rrs??ant to Section 4, of tl?e alifol'nia Health and Safety fade, all ??1#11?1? the ??eaning of Sectloll 17???c??4? ?f the Callfal'??ia Labal? bode. apltall?ed tel'rns It] this ecflDn 1?,? nat defined l?ereiri are defi??ed irl the Promtssor'y Nate. ?a? ?'c?se ?-? ?'?•o???i?so?•?? ??o?e a?rr? ?'?t?se ?R ?'??n??rr`ssa3•?? ????e ?a??a??? ?'?Aa?rr ?esrc?t?a? .?ec?r??*? Tl?e Phase R?1 Pramissat'? Nate at?d Phase R-? F?•atnio?'y Note shall he payable fl'at?? fly pel'ce??t ?50?I?? of tl?e "Residual Recelp?s?? of the Phase of the Rental Po1'?Ia?l of the Pl'O?ect to ?hlcl? sl1Ch Pl'omis?ol'y Note relates, after payn?e??t ?? ?i? ?peratlr? expenses, at?d ?11? Debt Se?'vlce allacable to suci? Phase of tl?e Rental Partiot?, ??ntil s??ch PI'olnissory Nate leas been Paid in. fill; p1•o?ricied, hau?e?er, that if such calculation results in a negative n???nbet• far any given year, Residual Receipts shall be ?e?•o for that year, Its tl?e cent that tlae De?elopez' obtains atl?er appra?ed finat?cln that also req?ziz'es payme??t fratr? Residua Receipts, t??e Residual Receipts shad be allocated to rep.yn?er?t of bath for ally loans i?? a?? atr?aunt proportionate to the relatlr?e att?aunt of s??ch laat?s, sa that eacl? sad laal? receives a prapartional sl?at•e of a fatal of tea mare tl?ar? fifty per•cerrt ?Sa°I?} of tl?e Residual Receipts foa' such Pi?ase of tl?e Rental Pol•tiox? of the PI•oject its each year. ?b? ?'???se ?` ?t'o?t??sso?•?f safe, Tl?e Phase F Pra??llssory Note is payable after close of escra?? of all of tie Far-Sale Hnits from te?ity-#i?c perce?it ??%? of the t?et proceeds of sr?cl? sales after Developer' has received a ret?11•?l of t??el?e percent 1?°Io} a?x Casts, as trrol'e pat•t?cular?ly set for?tl? ?n the Pease FS Pro??issory Nate. 1r? f?le e?ret]t that s?rch a?1?au11t is XiDt sL1ff?ICler?t to p??' the f?Zll a??a??rlt ?f ???? Phase ?' Ptomissar'y Nate, the 1'e?r?all?ing balance of tlae Phase ?' A?•a?r?issal'? Note shall be reduced to ?e?•o ??po?? tl?e ?e?elapel•'s pa??nent aftl?e fo?•egair?g a???a??nt to tl?e Agency. 3??,? ?.epar?iirg Requl?'elYler??s ???, #ll ?exx?al Po?'?Ioti of fhe Pr'ojeet? itl? ?•espect to each Phase oftlre Rental Por•tior?, the Developer shall a???nually, QI] or' before April bath of each year, ca?r?r?encing In the year after the issuance of the fi?'st cet•tlficate of acc??par?cy far such Pl?ase? submit to the Agency a?? a??dited financial statet??er?t and a Residual Receipts Repa1'?, irl the forrr? attached hereto as Attacl?met?t No, 1 ? at?d incorpoaiated herein, ?vl?ich shall p?•o?ide tl?e basis far• the Developez''s payn?erit of Residual Receipts to tl?e Agency ??itl? respect to such Phase, Tl?e Agency executive Di?•ectol• may ??rai?e the requirerrlents of this section ? 14.E irl tl?e event tl?e De?elaper• timely s?rblrrits to the Agency a 1'epol?t pz?epared fo1• any athel• federal, state or lacal a??er??t?er?t agency that car?tains the i??farlnatiot? 1'equil•ed by Attachment Na, 1 D. The Residual Receipts Repa1'?, ar tl?e ?•eport accepted by the ?xecutlve Director in lieu of the Resid??a Receipts Repar't, in??st be prepared ot{ audited by an entity ii?depet?dent of tl?e Develapet' ix? order to satisfy tl?e re?uiremer?ts of this Section 31 ?,3, D?CS?C114???73??131??027?-??01 41 3144 ?eporttrr ?et???irertrerifs for tlae Po??-dale Portla?r of tt?e Project, i#hin ot?e ??u?adre? t??cnty ?I?o} dais aver the close of escra?v of tl?c sale of the last Foy"ale knit the De?claper shall submit to the Agency a financial statet?rerrt setting far?lr the ?rafit haritr Ar?aunt, arrd the Net Pr"afit, ?•ass dales Pr"o?eec?, ?ar?-ale i??lit? ?cvelo?trrent apt, a??d Por" dale Units De?elaptner?t Prafit ??pan ?vl?icl7 the Profit hay"i?? Ar??aunt has been calculated has thae tcr'r?s ar"e defined in the Plrase F Pro??issaryNate, 314,5 ccur?? of Aerrc?r Loaxa. Each Pr"arnissax°? Note shall be secu?"ed by a deed of t?iust to be r"ecarded as an encumbrance agai??st tl?e applicable phase to ?vhich sr?clr Prarnissary Note relates, l?icll deed of t??r?st shall be substa??tially its tl?e farm. attached hereto as Attachment No, 9 attached leer+eto, ??hich is inca?;par?ated herein ?tl?e "Agency Deed of Trust"}, ?'he Agency acl?z?a??ledcs #l?at rt rrll be neces?ar"? #o subordl?aate e?cl? Agency Deed a ?'r??st to deeds of trust sec?z?"i?? atl?er sa??r'ces of ?nanci?ig abtair?ed by tl?e 1?e?elaper", TI?e ??enc? ?ecutive ?lr'ectar" 1s ??l??la?"iced to excc?rte and aid all dacurr?e?ats t?cce?sar"}r rrl ol'de?? to s??bardit?ate each Agerlcy Deed of Tr"ust, b?xt orll if at?tl t? flle cx#ent s??ci? srrba?•din?fiar? is ?"easonbly necessar??. 314,E Dis1?u??selr?e?rt of the Agency Laa?r, ?'lre proceeds of each Ageney Laan sl?aii be di?b«r"sed far• I?a??d and sad. cos#s of canst?"uct?an fay" #l?e applica?lc Phase to ?vl?icl? s?€cl? Agerlcy Laan relates, ar?d shall be disbursed to De?elape?i's institirtional canstr??ctiot? leader far" s?rch Phase pro rata ??ith #l?e pr"oceeds of tl?e car?str'??c#lat? laai? ?s??hect to #l?e appr?a?al of s?rch institrrtianal cogstructia?? lender"? at such ti??.e as Agency and s??ch i??stitartianal canstr"??ction fender appra?es such disbr?z?se?rrent ?rpan cornpletian afa lirrc iterrr ?zr?deri the ?udgct, 315, ?orr?e?iryer Assistance, ????. ?Iomeb?r??er Assistance Laan. Tl?e Agenc?r hereby agr"ecs to loan to each gl?alified ?rloder"ate Incar?e Horrreb??ye?" of ate Affordable >?ar"ale Unit the amount of Tl?ir"ty T??o??sarrd Dollars {$?0,000? ?eacl?, a "IIarl?eb???et" Assistancc Laan"}, subject to tlYC terrr7s and carrdi#ians set far?tl? in this Agreement, and subjec# ?'ur"tl?er" to tl?e terns and. car?ditia??s set fartl? ?rthrn the dac???nents ar?d rnstru??nents executed by each U.arnebr?ye?", ?ncludrrrg the ?Iornel?uyer Laan Agreement, all ire cotr?pliar?ce ??ith applicable la??s acrd reg??latiat?s, ?'he Agency slrall fu?1d each ?Ion?elauycr Assistance Laan solely from moneys fra??? a Lo?? a??d Moderate Ir?corne Ha?rsing ?'????d established p?u's??at?t to ectiot? 33334,3 ofthe alifor"nia Health and safety ?adc, all ??i#hin tl?e mea??it? of ectior? 172a?c??4} of the California Labor bode. 31,Z repayment of ?ornebrrye?? Assts#airce Lo?x?, Lach I-Iamebuyex4's obligation to repay the Honlebrr?er Assistance Laan si?all he set far"tI? Ire a. p??on?issar"y Hate subs#arrtially i?? the Farm attached to tl?e Hameb??yer" Lawn Areemen#, 7`I?e ?omebuyer" Assistance Lawn s1?all not accrue intet'est u??til and l?t?less an e??er?t of acceleration acc«rs under the terms of the I?orneb?:yea4 Laan Agreement, its ??hich case an inter"est r"ate o?" equity share arrraunt shall apply as p?•a?rded rn the Ha?r?ebuyer Laan Agr'een?etxt, 315,3 ecuri far nmcbtt?rez? Assistance LoarY, each pramissar"y Hate e?iderrcirrg a Harrrebuyer" Assistance Loan shall be sec??red by a deed of tr"ust to be r'eco??ded as are errcurrrbrance to the applicablc Affor"dable ?or?ale Unit, substantially in the form attaci?ed to the 42 D??s??1????67??131?0????-000 ? Ha?nebuyer• Loan A?•eet?er?t, ?'he pr•ior•ity of such encumbrance shall ?be j??nriar ar?d subordinate only to the approved first lien as further provided in Sectiat? 3I5.5. 31?,? D??buz?se???en# of Ha???ebye?• Assist ace Load; oriditrarls P??ccee??? ?'i?e??eto; ?eveluper's max;??eting, Disclosu??? a?Yd Housixxg ou??se?iiY, Ire con??ectia?a ?vith tl?e I??•st sale of each Affordable For•?Sale Unit, tl7e fill gaunt of the proceeds of each Han?ebuyer Assista??ce Laat? shall be disbursed ?y tine Agency into the escro?v established by tl?e Developer and the Horne???yer folk such rnrtral s.le at?d conveyance of eac11 applicable For-Sale Unit to the Hat?reb?ryer, Disburserne??t shall occur• an demand of the escro?v off ?cer?, but tl?e Agency shall be p?•avided riot less than tet? {10} days ??atice of the stirnated closing date, and all conditions precedent to the Age??cy's obliatiar? to disburse s?rcl? mo??ies shall lave been satisfied by Developer ?at?d tl?c applicable Har??ebuycr? pr•ior? to escrow officer's de?t?and, Tl?e proceeds shall ar?ly be expended ar?d pall to find a portion of tl?e applicable Hotr?ebuyer's casts of acquisition of the Affordable For?ale Unit ire order4 to take such uart a??allable at ate Affordable ?o??sin Cost. ?a} The Agency's obligation to disburse proceeds of the Hatrrebuyer Assistance Loan is expressly canditia??ed ??pon a??d will occ??r as soon as practicable after each Ha???eb??yer's execution at?d delivcr?? of tl?e Hameb??yer• Laan Ag?•eer?rent including any other docutrrents req??ired thereunder} ar?d ire cor?fo?•mity with applicable lames acid xegr?latiot?s and all submittals provided thererrtlder, acid such disb??rsemerrt shall occ?u• co??c??rrex?tly ?vitl? tl?e ?•ecordatian of all dac??tner?ts ?•ecl??ix•ed to be recorded at closix?g p???•uant to the Hot?eb??yer• Laat? Ag?•een?ent and attachrrrer?ts tl?ereta, a??d close of escrow for dispasitiot? of such Affordable For_ dale Unit pl?rs??a??t to the terms hereof, ?b? Develaper• shall be responsible at its sole cast a?xd expense far ?r?arketing, hausrrig cout?seling, disclasur+es, and sale for• a??d related directly ar indirectly to eac?? ar?d all Affordable For-Sale ??its to each and all prospective ?or?lebuyers. ?i? Ire cot?t?ection tllere?vith,l)eveloper• shall in any marketing effort relative to tine Affordable Far-Sale Units fully disclose its obligation to provide tl?e Affa?•dable For-dale Units ar?d each prospective Hol?ne?uyer shall be pravide?l a tr•??e and coxx?plete copy aftlle form oftl?e Homebuyer Loan Agreei?lerit, rid all attacl?t?rents thereto ?ii? Develape?? shall ca?zse to be provided to each prospective Han?ebuyer orie-on-one haii?n counseling coricer•ni??g such pi•aspectrve Hoi?lebuye?,'s potential purchase of an Affordable ?ox?«Sale Unit, in partic??lar tl?e prov?sior?s relating to the lo??gMtern? affordabiiity cove??a??ts and restrictions oz? resale applicable to s??ch Affordable Fai•-dale Unit, ?'he one-oil-ot?e caut?selir? shall be videotaped and a copy of the videotape s?all be provided fo Agency staffan a DPI) ?vithrn ten X10}days after the co?rnseling sessiol?. ?ili} T??e form of Developer's p??rcl?ase and sale ar•eeirrent, marketing materials, draft disclosure dac?rments, ar?d scapelpersannel?method for housing cai?nselir?g to and for prospective Hotr?ebuyers ofAffardable ?o?i»Sale Ui?rts shall be provided to the Agency ?xecirtive Director far i•evie?v and app?•oval pi•iar to the issuance of the first building pei•init for the pr•a?ect? ???OC?I???67v? (240272-?0? ? ?? {i?} In con??ectioii with the Developer's n?arket?rig effo??ts and its obllgtlon to provide hausirig counseling acid apprapriate disclosure #o prospective Hornehuyers of Affordable Fo?•»ale Uiiits as descr4ibed in subsection above, the Agency ackrio4?ledges tlaat it will assist the De?eloper? in a Irriiited role in that the Agency staff will be reasonably available for reasonably limited tiriies to receive and answer questions of prospective ??anibuyers, bit Drily as to those p??ospec#ive Horriebuyers wlia leave been pre?io??s?y screened and e?alua#ed by the developer for its agents as a Moderate Iricorne Household nieetiri the criteria established lierern as potet?t?ally ?iralified to p????cl?ase an Affordable For«ale Unit as well as revie??red preiimit?arily as to acid regarding creditwartliir?ess at?d eligibili#? to apply for and obtain first Iieti mortgage fo purchase ara Affordable For-dale Unit; nothing in the foreolri statet??ent r?egardrrig the Ag??cy's lirrrited role iti I?o??sir?g couriselrng sliali obligate, invalve, or require Agency {or lty} or atiy of their staff, consultants, o?? counsel to assist ire tl?e ti?arketit?, lousing co??tiseli??, disclosr?re, or sate of at?y Far-dale Uriits to any prospective or act??al buye??, or selection of s??ci? bityel', ???hicli is acid s1?aI1 ??er??ain the »e?relope?i's sole Iegal, car?tractuai, at?d finatlcial respoi?sib?i?ty, {c? The sale of each Affordable Far-dale Uriit ? the Developer to aii eligible Horriebuyer` sliali be subject to the satisfaetiot?, ar waiver by the Agency ?xeeutive Director of tine following conditions p?`ecedent nuiribered ?i} tix?`ougl? {x) inclusive: {i? ?ss?cra??or? ?'s? P??rs??a??t to the regE?ireinents of section 40Z{b? of this Agree?r?ent, the Developer shall have {or ca??sed to Dave} prepared, approved, exec??ted, for??ed, and caused to be recorded tl?e Declaration of o?e??ants, ?oriditioi?s acid restrictions for tl?e hai?.eow?ie?•s association {tl?e "Association"} for the For-dale Portion of the Project {tl?e ?`Associatiori ?R"? p??ior to issuance of tl?e firs# certificate of occupancy {telr?porary or perrr?arie?at} for any Housing Uri?t {wl?e#her or nat such ?otl?n t?nr# is restricted pursuant #o the teriris ofthis Ar•eeiiient? ?itliin tl?e Fo?4?ale Portion ofthe Pt`ojeet. {ii} .??o??dab?e ?o??ySa?? ?J?i? o???????e??, Tlie applicable Affordable For»ale Unit shall ha??e been co?npleted, as e?vide??ced by issuance of the certificate of occupancy for s??cli Affordable Far-dale Unit {iii} ?scr??i?tt, Tlie Hon?ebliyer?s purchase oftlxe Affordable ?'or_ dale Unit wall be transacted tlirougia ate escrow with a?i escrow holder satisfactory to #l?e De?Telaper acid Agency E?ec??tive Dir`ector? hosts for s??cl? escrow shall be cliare to at?d deducted fi?ani the proceeds ofthe Plarnebuyer Assistaxice Loan. {iv} .?s???oi?i ?t?s???t[c?r????. The Agency >}Keer?tive Dirac#or for his or' liar designees shall Have approved the instr•uctfotis fog` tl?e Hon?ebuyer's esc?`ow. It is anticipated that the Ager?cy Executive Directo?k for his or liar desig?iee} will approve such instructtol?s within fifteen { 15} days after receipt of a cor?ple#e package of escrow instructions and s?ifficietit evidence indicating that the selected Harnebuyer• satis-?es the requiieii?ents of this Agieerrient, ??} .?or?r???r,??e}? ?oa?r ???ee??te??. The Agency atld #l?e Harnebuyei4 shall have entered into a Hotr?el?uyer Loan Agreement and all related loan doci?mer?#s and such ?omeblryer Loan Agreei?ient and such other ac????net?ts shall have been ?o?so????a?????T? ???oo???-???i 44 dc?Iy exec??ted, attested, natarize? and deli?eted to the esera holder itl? appropriate title and escr;o?v instr??ctiat?s and s??ch Hotnebuyer4 Assistance Laar? shall be ready to close sub jeet to the Agency finding the praceeds of such Homeb??yer Assistance Lawn it?ta escra??} cat?cut+rent ?vith tl?e ?e?eloper's escro?? to sell the AffardableFar-dale Unit to tie Harneb???er. ??ri} ??s?r???a?rc?? The Agel?cy sl?a?I have received sufficient evidezice of tl?e iss?rance of a l?onleo?vner's insurance palicy ??ith a ??aranteed replacement pra?isiat? far the Affordable Fora„dale Unit and a lerider?' Ions payable er?darsernet?t in its Farrar, ??11? ?I?fo??c?ai???r a?r? ??????? ?er???r??e?rr????s, The ?.geney Execiti?e Directar shall Ise satisfied that tl?e ?arnehuye?• meets tl?e applicable Moderate ?rrcame r?equiremer?ts of tl?e CRL a??d that tl?e N?ot?tl?ly Hal?sin Cast for tl?e Far?ale U??rt is ??o greater ti?at? an Affordable Housing Cost, ??ri i i} ?e???es???atio?rs a?c? ar???a???r's, The represet?tatians a??d ??arrantres of tl7o De?eiopelF centai??ed in this Arcernent si?all be carrect as of the ciase of eacia such escro?v as tl?augh trade on ar?d as of that date and the Agency ?xec??ti?e Drrectoa4 shall I?ar?e ??eceived a certificate to that effect signed by tl?e ?e?eloper, ?ix? ? ??f?r???, ?o Default Icy tl?e ?e?elaper shall have acc??rred r?itll respect to Phase ?, and tea event shall Dave occlrrred ?vitll riespect to Phase ? v?l?1Ci?, ?vitll the gi?tng of r?attCe ar tl?e passage of time ar bath, ?vould cat?stitute an Defa??lt b? the Developer v?itix respect to Phase F, 31,5 irl?ard?riatior?, The deed of trust seclrrrn the Hot??ebuyer's repayrr?e??t of tl?e Harneb??yer Assistance Laar? xna? be rr?ade subardina.te only to tl?e deed of trust to be held b? the first iie?? Ie?ider that is approved Icy tl? Agency p??rua?it to tine Homebt?yer Loan Agree?r?et?t. The deed of t??r?st secur?ir?g the Hat??ebuyer's repayrl?erit of the Harnebuyer Assista??ce Laar? si?all be st?bardtt?ate to rya other lien{s?, except as pra?ided its tl?e Harneb?iyer Loan Agreement or as otl?er?ise expressly approved its ??rrtin by tl?e Agency ?xecutrrre Director in Isis or her' sole at?d absatute discretion, 315,b Assun???tiar?. ?Al?e ?o?nebuyer Laar? ar?d Ha?nel?t?yer Lawn Agreement shall be assl?rnable b? eligible a??d qualified s??ccessars and assrgns of the ?Iorrreblryer ?vl?a are approved its ?vritin by tl?e Agency p??rsr?ant to tl?e terms of tl?e Hatnebuye?? Loa?? Areen?er?t, 3??, I'i?aanc?l?g of ???e Deg?elape?i ??Yip??o?F??e??ts, 1?,? Ap???'o?Tai ?? ?irla??c1I1, As requi?'ed l?ereir? and as ane of Agency's Candition Precedent to each Closing the Developer shall s??bmit to the Agency ?vider?ce of Canstructian financing acid ?ider?ee of Perrnar?er?t Financing for the Rental Portion of tlYe Project far a Phase ox? or before tl? date set forth in the schedule of Perforrnarice, Tl?e Agency shall appra?e a?{ disappr?o?e suci? ?rridet?ce of Canstr•uctian Fir?ancir?g a??dlorF ?idence of Perrrranet?t Financing far the Rental Partian ofthe Pra?ect far s??ch Phase ??lthi?? fifteen {} days of receipt of a carnpiete s?rbrnissiot?. Approval shall nat be it?reasanably ?vitiheld ar conditioned, ?f the Agency shall disapprove any such Erridence of Constructiat? Financing a??d?or{ ?idence of Permanent Financing for the Rental Por?tian of the Project, the Agency shall da sa by atice to the De?eloperi stating tl?e reasons far such disapproval and tl?e 1?e?elaper shall ?5 DD?s?CI? ?006?3??i3120??72-?0?1 prornptly obtain and submit to the Agency new Evidence of ot?structiarr Financing andlor Evide??ce of Perrnanen? Financing for tl?e Rental Potion of the P?io?ect for such Pl?ase? as applicable, Tl?e Agency s??all approve or disapprove such t?ew Evidence of o?rstr??ctiorl Financir? a?rdlor Evidence of Pet•n?ane??? ?'inatrcit?g for ?lre Rental Po??tion of the Pr;oject in the sane rrranx?e?i and wrtlrrt? the same tunes established irl this ectlar? 3 i ?,1 foci the approval or' disapproval ofthe Evidence ofot?tructron ?'rna?xctng and Evlde??ce ofPerrrranent Fit?at?crrrg far the Rental Portion of tl?e P?•oect as rnitlally submitted to the Agency, The Develaper shall close the canstr;uctian por?ia?i of the a???o?ed fit?at?ein canc?zrr?et?tly ??ith fhe losing for slrch Phase; provided that tl?e closing of approved fina??cin may be delayed pursuaz?t to ectton ??7 of this Agreeme??t. The parFties ??nderstand acrd ack??owledge that the Developer may propane the use of equity finar7cir?g with rra debt fit?at?cin as its const??uction firrarrcir? far Phase F, 1G,2 ?`a? r?edit ??uity, The follawit?g r?equir?ernerxts tnus? be satisfied in order for the equity fina??ci??g far Taa? credit fi?r?din for each of Phase R? 1 and Phase ?-? to be approved by the Agency purs??atrt to this ectior? 1 ?a} Tl?e Developer shall use good faith efforts to solicit rlo less than two ??} co?npetrtive brds f??oln Tai redlt investors for each of Phase ?-i at?d Phase R- of the Project a??d shall have selected as the investor Limited Partner for each Phase the investor offering overall the ?rrast beneficial rates and terns, as reasonably approved ley tl?e Agency Executive Director, The Developer shall submit complete dacurner?tation relating to each such cotnpet?t?ve sal?crtatlorr to the Agency, including true copies of tl?e imitation to bidders acrd each fk?ll bid package s??brnitted by b?ddrrr Tax credit investors, in order to per4??xit the Agency to dcterr?irle that tl?e Developer' lras selected its investor Limited Partner for such Phase that has offered fhe most beneficial terms of financing and Tax credit equity as reci??lred by this Aree?net?t. All such documentation shall be subrnrtted no less than forty-five ?45? days prior to losing for tl?e applicable P?iase. ?b? Tl?e equity ir?vstrne??t of the itrvesto?4 Limited Partr?e?i?s} of the limited partnership foci each of Phase R?l and Phase ??? shall Trot be less than the appa?oa?it??ate prevailing pr?lce far Tax credits for` srrnilar developrnelits at r?cl? tune, talcir?g into cansideratio?? all relevant factors s??cl? as tinning ofreciuired pa?yrnents and a?naunt oftlre Tax rFedits, ?c? Tl?e ide?ltity of fhe i?lvestor• Limited Pairtner??s? shall be reasonably acceptable to the Agency. ?d} Developer oti its affiliates ?na? receive a developers fee of ??p to the rnaxirn??rn amor?nt permitted by TA for each of Phase ?-i at?d Phase R-2, Fifty percent ?54°Io of t?le Developer Pee for each of Phase R-1 and Phase R-? rrray be disb??rsed o??ly after and cand?ttarled a?pat? cotnplet?on of the construction of such Phase, subject to Developer's elrgibrlity foci issr?ance by the Age?7cy of the Release of Constr??ctian ovenat?ts fo?4 such Phase, ?1G,? Regrii?'e?i 11?I?1I??lUxlS. In connection with each of Pl?asc R-1 acrd Phase R-?, Developer shall s??brnit tl?ie following documents as evidence ofTax credit financing: ?a? The Pa??tncrship Agteexnent ar eq??ivalent funding committner7t letter foci sr?ch Phase fi?on? the Investor ??imited Partners} which demonstrates that Developer leas DDCSQCII ?i??6?'3?T1?12?0?7?-??0 ? 4? sLrffiClent fLirlds and camiitted capitaUe?uit? far carr?mer?cement thraugl? corr?pletian of const?tuctioi? of such Phase, and that such funds have been camirrltted to caristr??ction of the Phase. ??? A copy of the prelirninar•? reserRvation letter fram TEA for such Phase, r?otif?in Dee}apex' that are allocation of Tai credits has been i•?served fatF the const?•??ctior? of such Phase of the Developer ?r?provements, and f ?rr'?het• dac?ztnet?tat?o?? d??rrarl?t?;?tlt?g ???t ?l?er'e hie not ??ei?. ?Z?? n?a?er'1?1 ch?r]g?? ?a ???? infa?{i?latlo?l ??'oVlC?ed ?? Developer in the application sr?bmitted to TA relative to such Phase ?ar• dac?zrrrei?tatioil demai?strating that s?rc}? material chaises lave beery approved b? T??l}, and that if there are r?aterial changes t}?e?? such il?for"rnatrarl wrll be p?•avided to T? ?ar?d tl?e Agei?c??i 1G,? NO ?1?cUI?1br?IlC?s ?xcp# aI'tgages, Deems a T??irs?, o?? ale tad lease#??c?? fo?? ?]eve?opiY?e??#. Mortgages, deeds of trust and salelleasebac}? financing are to be perr?rtted before cainpletioit of the car7str?zctian of each Phase of tl?e Developer ?mpra?Ten?ents oi??? with tl?e ?get?c?'s pri?i{ written appra?Tal, which shall not be unreasanabl?? ?vith?eld or delayed, at?d arils far tl?e p?r??pase of securing loans of f??i?ds to be ??sed far ?nar?cir?g the acqursrtrat? of such Phase, canstr??ctior? of s?zch 'lase of the Developer ????proveinei?ts ?iricluding architecture, et?gii?eering, legal, ar?d related di?•ect costs as well as ir?direct casts on or in coni?ectior? with such Phase, p?rii?arient ?r?ancing, at?d a??? other plxrpases r?ecessary aid appropriate to cannectror? wlt}? develapi?er?t of suc}7 Phase ??t?der this ?.reer?ent, ar?d ot?l? to tl?e extent sl?cl? financing is by a responsible financial }er]dir?g irrstit«tiot?, person or ei?tit? ors can?nrerciall? reasonable terns, The words "i?atTtgage'? ar?d "tr4ust deed" as used }?ereinaer• shall include sale and lease?back? The Developer rya er?ter* into a cor?ve??ance for ?na?icing a?erk the co?npletian of s??c}i Phase of the Develaper' ?t?.prave?r?ents without the approval of the ?et?c??, ?G?S ?a?t?el• ?a# ?blra#cd to Cor?sfrircf Developc?? ??n??z•ove??en#?, Tl?c }older of and rnottgage ari deed of trr?st au?hori?ed b? this reen?el?t shall ??at be obligated b? the provisions of phis Air;e?r?ent to construct or• corr?plete an?? Phase of the I?evelope?? Irnpro??etnents ar ai??? portion thereof, ar to guarantee such cat?structior? ari cair?pletion; nor shall anal covcr?at?t o?+ and others provrsror? ire this ?gi?eemer?t be construed sa to obligate such holder, ?Ofhing 1t? t}lrs Agreerrrent shall he deemed to cor?str?ze, permit of authorize ar?? suc}? raider to devote the 1te ?OI` at?? Phase} to ail?? uses ar to construct at?y in?pro?eirrents thereon, Other tbarr those uses ar4 i?r?proverr?ents pravtded for or ar?ti?aiiized by this Agreerne??t. 1?,? o#rce o? Default #a Mar#gage o?• Decd off` Trrisf Holders; R?ghf #o ilt•, with respect to a?l? rnoi•tage or deed of trust grar7ted by tl?e Developer as provided herein, wl?ei?e?er tl?e Agenc?? tna? deliver and notice ar der?and to the Develaper with respect to aril breach ar default b? the Developex? in completion of car?structian of tl?e Develaper ?i1]prOVeinents, ar• ar?? other default ??n?er this ?greernent, the Agency shall at the same tiil?e dlivei• to each holder of record of and mortgage ar deed of trust a?rthorized b? this Agreerent a copy of such natice aI• deinar?d. each such holde?? shall ?ii?safar as the rights granted by the ?.et?c? are car?cerr?ed} Dave the nigh#, at its optran, wrth?n tii'ty X30} dais after the receipt of the notice, to c?xre or? rerr?ed?? or cor??n?et?ce to cure ar rerned? and tl?ereaer to p?rrsue with due diligence the c??re or remedy of ar?? s??cl? default and to add the cast tllereofta tl?e mortgage debt and the lien of its trlor•tgage, Nothing car?tarrled rn tlrrs Agreeir?ent shall be deemed to permit or 47 D?CDCJI ???73ti? 131????72-??? 1 autl?arize such holder to ??ndertake ar colrtir?€?e tale cal?structroli or completion of the Developer` 7mp1'oVements beyond the e?te??t necessary t0 Consel?e or protect the 1lp??ove?rlel?ts ar ca??struetion already made itha??t first l?a?rin expressly as??lr?ed tl?e Developer's obligatio?rs to tl?e Agelrcy ?y ??ritten agreetrlent reasonably satisfactory to the Agency The bolder, in that evelrt, m??st agree to complete, 111 the ?r?anner provided in tlais Agreement, the De?elopel4 ?mprovelnents, Any s??ch holder properly completing the De??eloper ?n?pravement shall be entitled, ??pol? eomplialrce ?vith the requirements of Section ? 13 of this Agreement, to a release of Canstructiolr ovenat?ts, It is tllld?rstood that a holder shall be deemed to ha??e satisfied the tlrir;ty ??0} day titrre iin?it set for?l? abase for cam?nencil?g to cure or remedy De?elae?? defarrlt ??lllch requires title andlor possessiol? of the Site if and to the extetlt arry such holder leas itlait? s??c}? thirty ?3U} day pel4iad carrrn?enced pr;oceed?ngs to ab?al?r tltle ax?dlo?? possession and thereaftexk the bolder diligently pursues s€rch proceedings to calnpletion and cures or re?rredies the default, 1,fi ?'ai?ur?e of Ho?der• ?a Caznp?ete Developer Ympr?ovenxe???s. In alry case ??rl?e??e, thirty X30) days af?el• the bolder of any ??no?•t?ge or deed off' tr??t creating a lien ar elrc??lnl?ralrce ??pot? the Site receives a t?atice from the Agel?cy of a default by the De?reioper its calr?pletiolr of eot?structia?i of any Pirase of tl?e Developer ?rnpz?o?rei?cnts ??rlder this Agreement, and sr?ch balder llas lrot eel•cised the aptiolr to const?#uct as set for;tl? i?r eetian 16.x, ar if It has ea?ercised the option but ??as defaulted hereul?der and failed to tilnely cu?•o sr?ch default, the Agel?cy may pr?rchase the mortgage or deed of trust by payn?et?t to tl?e holder of tl?e a??aur?t of the unpaid n?o??tae or' deed of tr;??st debt, includirrg pr;i?rcipal at?d interest al?d all othe?• r?xr? secured by the lnol•tgage a?• deed of trust, ?f the a???ership of the applicable Phase leas vested ilk the balder, the Agency if it sa desires, shall be entitled to a corr?eyalrce from the l?olcler to the Aelrc?? upa?? paytrrent to the lrolde?• of a?? at?aunt equal to t??e sum of tl?e following, ?a} The l?l?pa?d mortgage or deed of tz?r?st debt at the t?lne title became vested in the bolder bless all appropriate credits, inoludil? those resulting fra?rl callectiolr and application ofrentals al?d other income received d??ring fareclos??re proceedings; attorneys' fees; fib} All e?pe?ases ??ith respect to foreclosure includil?g reaso?aable ?c? Tl?e let expense, if ley ?exclr?srve of gel?elal o?rerl?ead?, il?curred by tl?e bolder as a direct result of the subsequent rnanagemet?t of the Sate; ?d? The costs of any ilrlprovelrrel?ts ?r?ade by such bolder; fie} An al?raunt equivalent to the il?terest tl7at ?vor?ld have accr??ed an tl?e aggregate of such alnoulrts lead all such alrro??l?ts became part of the lnol•#gage or deed of trust debt acrd ??cl? debt lead cantlnued In elstence to tl?e date afpaymex?t by the Agency; alyd ?f? Any custarnar•y prepaytr?el?t charges ilr?posed by the lelyder p??rstlant to its loan daculrrents and agreed to by the Develope??? 1?,8 ???h? of f?le AeI1Cy to ?ur'e Mortgage or' Deed of Trust l)efau?t? r?l tl?e e?et?t of a rrrortae ol• deed of trust default o?? breach by the Developer prior to the ca?npietiat? of the constrt?ctlol? of any of al?y Please of tl?e ]developer improvements ar any part ?S D?CSOC114?0?73??13120?272???? ? thereof, the Developer shall in?rnediately deliver' to the Agency a copy of any n?o.tgage holder's notice of defa??lt and the Agency shall h.ve tl?e eight b??t tea obligation to c??r'e tl?e default if the Developer fails to cure ??vithin thirty ???} da.ys after the Agency notifies the Developer' of its intention t? c?lt'e. In s?rch event, tl?e Agency shall be entitled to reir?bursement frorn tl?e Developer of all p??ope?i costs arrd exper?ses incurred by the Agency ire curing suer default The Agency shall also be er?titled to a lien ?rpan the applicable Phase to the extent of s??ch casts arld disbl?rsen?errts, Any srrcl? yen shall be junior and suhordrnate to tl?e r??or•tgaes or deeds of trust ?ri?'sua??t to this ectio?? ? ? G? ?00? ???RAT??N I` T?? PROJC?T 4D?. ?rav?slarr of x#?'cxnely and ?ct? ?a?? riconie Rental Horrsrrrg-Rerx#aI far'#loz? of the Prajec#, ?U1,1 Niru?I?e?• of Affordable Rcri#al ?riits, Pursuant to t1Yis Agreement at?d tl?e Regulatory Agreer?e??t, tl?e Developer cove??ar?ts and agrees to make available, ??estrict occupancy to, a??d Vent the Rental U??its t an affordable r'et?t pursuant to ectlon X01,5 a falla?s, ?a? Thirty-Mine X39} of tl?e tea ??? bedroot Rental units ire Phase R-1 to ?e??y I???v Income I?ousel?olds at an Affordable Rer?t; twenty X20} of the vo ??? bedroom Rental Units t?l Phase R-2 to fiery Lo?v Ir?cor?re PIorrsel?olds at an Affordable Rent; ?? Eleven ?1 ?} of the t?vo ?2? bedraor?? Rental Units l?1 Pl?se R-1 to ?xtren?ely ?o?v Income Hor?seholcis a? are Affoz?dable Rent; five ??} of the t?vo ??} bedroom Rel?tal Units ire Phase R?? to Extremely Lo?v Income Plousehalds at an. Affordable Rent; ?c? Nri?eteen ?19? of the three ??} bedroom Rental I?r?its in Phase R-1 to'?ery Lo?v It?co???e households at n Affor•?lable Rent; ?????e ?9} ofthe three ?? bedroom Rental Units in Phase R?2 to fiery I?a??r ?nconle ?.ouseholds at an Affordable Rent; and ?d? ?oul• ??} of tl?e three ?3} bedroot? Rentai Units in Phase R-I to Extrer??ely Lo?v ?ncotrre I?or?seholds at an Affordable Rent; three ?? of tl?e three ?? bedroom Rental Units its Pease R-2 to Extremely Lo?v Ir?corrre I?or?seholds at an Affo?'dal?le Rerrt? ?01,? fur{a#ior? of Affor?iabili#y Re?ulr'eirlents, The Rental Units shall be sr?bject to tl?e requirements of this Agreement for' the later of ?i? fifty-eve ?55? years fr'arn tl?e date of tl?e pity's ?ssua?lce of a certificate of occupancy for tl?e applicable Phase or err} repayment in full ofthe Note. ?U1.3 ele?iorr of Terran#s, The Developer shall be responsible for' tl?e selection of tenants far the Rental Units in cotr?plia?ice with lawful and reasonable criteria, as set forth i?l tl?e Reg??latary Agreement and the anagetent Flan which is re?rtlred to be submitted and. approved by tl?e Age??cy pt?ais?zar?t to Section ?? 1,9, ?0??? I?a?lsehaid Ir?coznc Req?llremen??? ?ollov?ing the initial lease-??p of the Rental Units in each of Phase R? 1 at?d 1-'base -, and an????ally thereafte?i, tt?e Developer shall subr??it to the Agenc?r, at the Developer's expense a su?r?rrlar{y of file income, household sire acid D?C?C#?????7??i131?4????-???1 rent payable by eaclr of the tet?arrts of tl?e Rental Urtits of such Phase. At the Agency's request, the Developer shall also provide to the Agency carnpleted ir?came computation and cer•tif rctia?? farms in a farm reasonably acceptable to the Agency, fot" ar?y sucl? tenant or' tenat?ts? The Developer shall abtait?, or• shall cause to be obtained by the Property tanager, a cet•trficatran fr;am each. household leait?g a ?er?tal t?t?it detnonstritin that uct? l?alr?l??ld is ? ?e?'y ?o?? ?ncat?e I?ousehald ot# l?xtrernely Lo?v ?tacorne ?ausel?old, as applicable, at?d rrreets the eligibility tequirernents establrshed fat" the Rental Ur?it? The Developer slrall verify, oti shall cause to be verified ley tl7e Property lat?aget', the incatne certification of tl?e l?o?rsehold? ???. Afvrc?al??c ?e?rt, The rnaxttr?ut? lVlorrtlrly Rent chargeable foz" tl? Rental C?rlits shall be annually detertnitred in accordance with the fallo?vit?g rec}uiriet?entsF '>yhe N?ot?thly Retat for the Rental Units to be rented to l?xtretnely Lo?v l?1cQrne Households shall trot exceed the requirements of T?A? ar?d tl? Nlorrthly Rent for" the Rental Utlits to be rented to ?er'y Lo?v ?ncorne ?ol?sel?olds shall not exceed the mare rests"icti?fe of ?i} TAB or iii} the at?ourrt set fot?tl? in ectio?? 5o?53{b???} aftl?e alifarr?ia ?ealtl? and safety ode Far prrrposes of this A.greet?rent, "antlaly Rent" means tl?e total o? tnatrthly payments charged to and paid ?y terrat?ts far ?a} ltse at?d occrrpancy of eaclr Rental C.lrrit and land at?d facilities associated there?vitl?? {b? any separately charged fees or service charges assessed by the Developer ?hicl? at'e req??ired of all tet?at?ts, other than security deposits, ?c} a t'easanable allowance for an adequate level of ser"vice of utrlrties riot tt?cll#ded trt ?a} or" fib} shave, itacl?#ding ga?'bage collection, sever, ?vatet?, electricity, gas and other heating, cooking and refrigeration f?#els, but not including teleplaone service, a??d ?d}possessory itaterest, taxes or" other fees of charges assessed for• use of tl?e land atld facrlrtres associated tl?ere??ith by a public ar private er?ttty ogler than the Developer, ?n the event drat all rrtility charges are paid by the landlord t{atl?er tlran the tenatlt? r1o utllr?y allo??rat].C? shall be ded?#cted ftorn tl?e rent, "?lriortthly Rent" does riot lt?cl??de apttot?al payments by tenants far optiat?al services l?rovided by the Developer' ar tl?e property Nlat?ager', ?O1,G ?cc?rpancy Lilr?i?si The rnaxitnut?? occupancy of tl?e Rental grits slrall riot exceed more than s?#ch number" of persons as is eq?#al to the sl?tr? of the numbet• of bedrootr?s in tl?e unit, mr?ltiplied by t?va {??, ply#s one ?l}. Far' the t??a ??} bedroom units, the tnxirrl??tn occupancy slrall not exceed five ?5? persar?s? l? or the tl?ree ??} bedraot?t r#??its, the rr?a?irnurn occupancy slrall not exceed seven ??} persot?s? 40,7 a?•l?e#irx P??ogram. The Developer shall prepare and obtain Aetlcy >?xec>_ttive Det'ector's approval ??rl?ich approval shall not be ?#r?reasorrably ?vitl?held, of a rnarketitx pragrar?l fat4 tl?e leasrrl of tl?e Rental Ut?tts ?vlthrn eacl? Please titre "N?arketing Progt?an?"?? The leasing of the Rental [nits shall be t??arketed in accox•darrce witlr tl?e approved Nfatiketing Prograt?? as the satr?e nay be amended ft'on? time to tine ???ith Agency lJxecutive Director' prior ?vritter? app?'oval, ?vhicl? approval slrall riot u??reasonably be withheld. The Developer shall provide the Agency ?vitl? periodic repat?ts with respect to the leasing of the Rental units. The l?larketi??g Pt'ograrn slrall contain a Lottery and fait List?Preference List far i??etlal lease»up only, The Developer' shall be responsible to argar?i?e, schedule and coordinate a lottery drawing to select potential tenants fora the Rental Units far enitial lease-up only, ?vl?iclr shall be open to the p?#blic. The lottery slrall take place not less tl?at? 9a days prior to cornpletiat? of tl?e applicab?c Plisse of the Rental Units. Prefet'ence In the lottery, so lo?? as not inconsistent D OC sOC1 ? ?006733? 1 ?}2Q?Z7 Z-??? ? 5a witi? federal and state la??r ?includir?g, withol?t l?n??tation, all fair housit? la??s, i;??ie? and ?•egulations?, shall ?? given as fallaws: ?I} A.ny pexisor? wl?o have been displaced from their residences due to programs ar pro jests implemented by ti?? Age??cy within the tatian Distx•?ct; ar?d ??? Other ??ousel?olds who lire or ?vorl? ire Santa Ana. ??bject to all fair mousing laws, rules, and regulatio??s, all ctegaries shall ?'eceive prefer`e??ce i?7 tl?e order listed, The rec?«irernents of this ectior? ??I?7 shall only apply' to fire extent that tl?e nl?mber of applicants for Rental ?r?its exceeds the t?urnber of Rental Units mailable far lease ?rpar? initial lease?up. Far tl?e pr?rpase of tine lottery drawing, tl?e lottery will be d??ide? by thane who have claimed a preference a??d those who da trot. All lottery forms will be drawn ar?d nurr?bered to create a cotn.plete list of alternate applications, The Developer siaail pr'o?icle ???rittet? notificatio?? to lottery participa??ts infarrnir? fhen? of tl?e results ar?d ti?eir p??iorrty rit?mber. This pri??`it? r?uinber represents t??e order with ?vhicl? prospective te?aar?ts will be reviewed for final determination of eligibility. If a l?or?sehold who was selected elairned a prefer'e??ce but co??ld not verify s??cl? preference, the?? that partlcrpant wrll be dee?ned lt?elrgrble and file next selected participant ??ill be notified, ?U1,? ?Iair??ezta??ce? Tile Developer shah rnaintair? each Prase of the Rental Portion of the Project, or cause same to be maintained in a dece??t, safe az?d sa??rtary rnant?er, at?d in accordance w?tia tl?e standard of tnai??tena??ce of first class affordable l?ousir?g apartment r?nits within xange our?ty, Oaliforniai if at a??y time the Developer falls to maintain each Phase of the Rental Fortiori of the Project i?? accordance with ti?is Areerner?t and such condition i not cap;rested wrthln fire ?? days after written Ii?trce from t?le Agency ?v?tl? respect to graffiti, debris, and waste lnatez`ial, or• thirty ?3a? days after' written r?atice from tine Agency with respect to general mainter7ance, landscap?t?g and b?rrldrng rrnpro?ements, then the Agency, its addition to whatever ?`emedy it may have at la?v or rte equrty, shall have tl?e right to enter upon sa?cl? Phase and perform all acts tad ??orl? necessary to protect, rnair?tair?, and presex?ve such Pllase, and to attach a lien upon srich Phase, or to assess such Phase rn tl?e arrra?rt?t of the exper7drtures arising frarn s??ch acts a??d warp of protection, mainter?anca, and p?•eser'?ation by the Agex?cy ar?dlor casts of s?.tcl? c?rre, ir?cludi??g a reasonable administrative charge, which amo?rnt shall be promptly paid by the De?eioper to the Agency Ripon dema?ld? ?U?,? Iatiage?nei?? ?ia?l; P??operty ?Iai?agen?err?? l?'ar each Phase of file Rental Portion of the Project, the l?e??eloper shall submit far the reasonable appro?ral of the Agency a "IVlanage?nent Plan" ?vlirch sets forth in detarl the De?elopet?'s property iilnagerrient duties, a tenant selection process and crime pre??entiai? program, tl?e proced?ires for the collection of rent, tl?e procedures for eviction of tenants, tine riles ar?d regulations of si?ci? Phase of the Rental Poitian of tl?e Project and manner off` et?foieeinent, a standard lease faun, air Operating budget, the ide??tity of file manager of s??cli Phase of tine Re??tal Portion of the Project ?tlie "Prope?ity l?Iatl.ger"?, acid oti?er matters rele?at?t to tine t??anageinent of the Rental Portion of the Project Tlie management of each Phase of tl?e Rental Portion of tine P?'oject shall be in 51 DO???J1 ?I??b73??1312?0?72-D0?1 cornpliarlce ?vitll the Ianaget?exlt Flan ?vllicll is appraved by the Agency, The Agency ller•eby approves Related Nia??aemerlt ornpany, L,P. ?? file Proper;ty anager• far` each Phase of fire Re?ltal Portion, If file Agency deternlirles filet file peg#fo?4ance of file Pr'aper'ty ?atlage?# as to a pai?ticula?? Fhase is deficient based open the standards set forth in the anaen?rent Flan a?ld in thrs Agreenlent, the Aex?cy shall provide notice to the Developer of s?cll deficiencies, atld file Developet• shall ??se its best effar'tS to cor?•ect s??ch deficierlcies. Irl the event that Stich deficrerlcres have net been c?zt`ed ?vitl?it? file tune set far?th rn ect?o?? a?, file Agency shall have the night to r?er?i?•e the Developer• to irnrnediately ret?love atld replace file Pr+opert? N?anaer• for such Phase ?vitll another prope??ty tllazlaet• or praperty rna?laeme?lt cotnptly ?vhicll iS reasarlably acceptable to the Agetlcy, ?vllich is not related to or affiliated ??rth the Developer, alyd ?vllieh has not less than five ?S} years experietlce ??? p?•operty tnarlagernent, i?lclr?ding s?gnifica?lt exper?e?lce ?naC?aglt?g llousrng facrlrt?es of file s?ze? quality and scope of the applicable Pllse of tl?e Rental I°ar•?ian of the Pro ject? 4????? ?o?ri?orirrg allc? ecarcikceping. Th?'ot?llout file Affordability Period, Develope?• shall co?nply ?vitll all applicable reco?`d?eepitlg arld rnanitar?itl regtrire?nent set forth ill Health at?d Safety bode Sectioil 3418 a?ld s?lall antr«ally car?lplete and submit to file Agency a report, prior• to ?atluary ?atl? of each year, far each Phase of file Retltal Fortiori ?l1iCh incllydes fire name, address, inco?ne atlcl age of each accupatlt of a Rental Unlit, the bedroom count and atltl?ly P.e??t fat` st?cll Rental Ilrlrt. The Agency a?•ees filet the Developer tray st?b?l?it reporting for{nls p?•epared and st?brnitted i?l ear?t?eet?on with a?ly other similar t'epo??titlg r•egt?iriernent, 1trClt?d?ng 1'epar'ts prepared fog` tax ?1'?dlt co?npllarlce, to file ???terlt those for•rl]s cantalll file itrforrnatiarl required herer?nder. Representatives of file Agency shall be entitled to etlter eaell Phase of the Rental Por•tiorl of the Praect, l?potl at least seve?lty-tea ?7?} llot??'s prior ?ritterl ?latice, to ?r?o?litor` cotnplra?lce ?v??ll tills A?•een?etrt, to inspect the r?C?rds, and to conduct an i?ldepe?lderlt atrdit ar' r?lpect?o?l of such t`ecords, The Develope?? agrees to cooperate with the Agency in nlakirlg each Phase of the Re?ltal Portia?l of the Project available foci such inspectiotl or ar?dit• Tile Developer agrees to rnaintaiil records in a bt?sirlesslike lllanne?•, old to rnrntarrl such reca?•ds for the terrn of this Areernelltf 4D?,11 Reguiafa??y AgreetYirit alld Natice of .Affor?dabiii?y ?estrictin??s, The requrrenlerltS of this A?•eenlent ?vlrlcil are applicable to the Rental Portion of the Pro ject after the canveyat?ce of the Site to the Developer a?•e set forth in each Regulatory Agr•ee?llent. Additionally, the l?evelaper shall record a Notice of Affordability Restrictions on Transfer of Pr•oper•ty ?`?otice of Affo??dablllty Restrictions"} as to each Phase of the Rental Portiotl of file Project in the fox`?n attached llereta as Attachment l? and itlcat•ported ller'ein by this z'eference, ?vhicll shall rr?n with tale laud and shall be enforceable against arly owner ?vho violates a covenant or restrictiarl and each successor i?l inter`est ?vho contirirres file violation pt?rst?ant thereto The exectrtian of a Regulatory Agr•ecrnen.t acrd the Developer's exct?tiorl of a Natice of Affo?•dabllrty Ret?`1Ctlons rs a olldrtro?l precedent to file las?I?g far` a Phases as Set fo?`th ltl eCtlor12a4, The Age??cy shall st?bardinate this Agr`cen?ent, each Regulatory ,Agreetnerlt and Natice of Affordability Restrictio?ls to file construction and pern?ar?ent financing approved pt?rst?atlt to Section ? f ?. ? by the execution of a rthorditratio?l agreerne?lt in a for•??n deter?nined to be a•easonably acceptable to file ?xeer?tive Director ???????? ????'???'1 ????????-??? ? ??1,1? ?eia?lolls?ll? fa ??? ?`edlt Requiren?ex?#s, ?ot?vitl?standir?g at?y other pRO?risions of this Areerr?ent, to the extent that a Tax red?t ?g??atot'y Agreetne??t executed by the De?elape?• as a requi?`et?e??t off` receiving the Tax credits far either far bath} Pl?ase?s} of tl?e ?et?tal Portlot? Qf the PR??eet ar any other ?'eulata?'y agt'ee?nent executed ?? tl?e Developer as a ?'equiren?ent to obta??n financing for either for botl?? Phase{s} afthe dental Portion aftl?e Project, are Iess restrictive v?rlth Respect to the require?nel?ts applicable to tena??t selection, tet?a??t income levels, unit rent levels or at?y other; aspect of tl?e coi?structian and operation of such Phases} of the Rental Portio?? of tl?e P?;oject than as pra?r?ded In this Aree?r?ent aid tie ?egulatot'y Agreement, then the Develapeli shall con?pl? 4??atl? tl?e req??iietnetits of ?l?ts A?•eer?ent, inel??dit? the applicable Reulato??y .AgreeRnent; pi`ovided, I?o4?evei', that in the event the caver?at?ts or ?`esti'ictioi?s, i?icludii?g the affordability rests}ict?ol?s set fart}? ??j tl??s Agreemei?t, ii?cludli? the Re??latory Agreemei?ts, are nQt tl?e t>?ast i`est?'ictive ?rovisioi?s applicable to either for botl?? Phase?s? of the P.ental Poi`tioi? of ?l?e P?`a?eet, a??d to the extent of a?? ??col?slste?Cy bet??eet? a?? airiot? s?xcl? agree?r?et?t?s}, the Developer shall compl?? ?vith the mast rest?'icti?re of such agaie?x?ei?ts, Tl1e foregoing Req??iremer?ts shall apply to tl?e Developer az?d to its Pi`opert}? a?laer ??ha is involved its the selectio?? off` te??a??ts oi' tl?e deterinit?atiai? of i'?nt ainot???ts far tl?e Rei?tal Partiar? of tl?e Project, ?a1,1 Applicability of Secfio??? The pravisiaris of this Section tai apply oi?Iy to t??e l?ei?tal Poi`tioi? of the Project and are ?vl?ally it?applicable to t??e For-Sale Fortiori of the p?'a ject. ???? P1'U'4'1SIgI1 a? ai?e?'ate I?lcame Fol'-Sale ?o111x1???UZ'?Sl? P01'tlarl of Mlle PI'U? ??f? ????1 l?p?rlllet', ?ocatial? ?lld ?ual?ty of Affoz•?lahle ?`or?ale C?liits, one ?l? of the Housing Units developed ox? each of tl?e six ?C} separate lots cai?stitutil? Phase ?, the PaR-Sale Poi?tiol? of tl?e Deve?ap?riet?t shall be sold to Moderate Ii?came Uouseholcls, at the p?•ices set fartl? in Sectioi? ?D?,? hereof, '.e., the Affordable For»ale U??its, Tl?e location of the Affo?`dable For-Sale Units ?vithin tl?e For-Sale Pai-tia?? of tl?e P?`oject ?vill be ?rbject to fhe Reasonable approval of tl?e Agency 1?xecuti?e Director pursuant to applicable la?vs at?d re?ilations, The Developer cavei?ants a?1d agrees that tl?e orkinai?ship} quality of materials, and casts of cot?struction for aild the ame???ties? at?d physical features of eaell at?d all of the Affordable p'ot`-Sale Units shall be equal toy a??d cinder x?o circumstances or conditions less desirable than, aII other Hai?sing Units in fire p'ot`-Sale l'oitioii of the Pi'a jest. ?a} The Developer' ?vill be consti+uctin sever+al t??odels, pla??s, oi` types of H.ousii?g Uliits iii file Far-Sale Partl?tl of floe ?'roject, AlI of the Affordable p'or-Sale Urlits mill be three ?3} bedraan? Housing Units, Three of fire Affordable Ha??sing Units will be Platy 1 Units two of the Affoz?dable Housing lilts ??ill be Plan ? Units, and one of tl?e A'fo?;dable Ho??siiig Units ??ill be Plan ? Unit has those terms as desc?'ibed i?? the Scope of Development}. The Developer caveliants ar?d agrees that all tl?e A'fo?`dable For-Sale Uliits iii all respects shall be the satr?e?ca?r?pai`able in tei`ins of quality of construction, arrie?iities? tr?atet'ials, desigii, etc, as tl?e Hous?x?g Units of the wine size and rnadel that are designed, constructed, a?7d sold oil the open marl?et. DQCaCII ?? ?b?3v ? 31200?7?-O?a 1 ?? fib} The Agency acl?no??rledes that a buyer of ? rnar'l?et dousing Unit nay elect at?d pay fo?4 x?pgrades or ilnpro?ernents that are not included in the plrrchase price for ? Ha??sing Ul?it of tl?e same size and rrrociel at?d tl???s not x?ecssarlly included rn a corresponding Affordable For?Sale Unit, b??t >?othil?g its the foregoing ackno?vledlnent rnodl?es or lessens the De?eloper`'s obligation to pr'avide fir+s? q?r?iit?? Affordable Fir,»?l Hnlt ? described ??a?e, 4???? a?itr?rirYl Sal PrIG, Developer covenants and agrees that each of tl?e Affordable Por`-Sale Units shall be sold at an Affordable Housing ?ast? Tl?e Developer acl??o?vledges and agriees that such calculation may require it to ad??lst the sales price far each Affordable For?Sale U???t ire order` tliat tl?e c??ln«lative s?lms of file Horr?ebuyer Assistance Load, ?.oi??ebuyer's do?il payment, and proceeds of first ! ie?? a?•e adeq??ate to purcliase such unit iii light of tl?e statuto??y ??eq??irernerits that the Monthly ?-Ia?rir? host ari payment faro such r???lt does not exceed tl?e Affordable Houil?g Est as calculated as of the anticipated date of sale of each Affordable >?or`-Sale i?it? 4U?,3 Affoi?da??e orlsilig esa7e Restr?ef?o1?, 'The Homebuyer of each Affordable Fot•?ale gnat shall be obligated to enter` into and execute the Harnebuyer Loa?? Agreelnei?t, ??lilcl? 111Cludes the requirement to pay a antinent Equity ?lal`c Alno?r?t 1? file Affordable For`-Sale Unit is slot Bald to Eligible Persons a??d Fa?rrilies, and such atlrer' documentation as tl?e Agency ?•easozxably req??ir`es. Tl?e Homebtlyer` Lawn Agreement shall provide for a forty?five X45} ?ea?• affordability period {the "Affordability Period's}, and shall pei`rnit tl?e sale of the Affordable For Sale unit for a price in excess of that at??c?'4?rse permitted b? tl?e Hoineb??yer Loan Agreement prior to the end of the Affo?•dabllity Period upon the payment of an equity shar`ll? al??out?t to tl?e Agency ??hicl? permits the seller` to retain a partial ofthe sale proceeds ?D??? lectloll of ?Ll?'?Iis; ?Vlar?etiil aid u?r?eae?r Marl. The Developer shall provide tl?e Agency ???itlr a copy of its N?arl?etit?g and ?ut?•eacl? Flan ??l?icl? shall set for`?h ha?v the Developer plans to provide ???terested l?o??sel?olds ?vrtl? lrlfor'rnatlarl about the Affordable For`-Sale Units. Tl?e Developea{ shall be solely responsible far the selectiar? of qualified purcl?asei;s o?'the Affordable For`-Sale Uirits, Developers shall ensure that the?•e ?vlll be lioinebt?yei' educatiol? ire accor'dalrc? with Section ? ?,4?b??ii} hereof The goal of file arl?etil? acrd ?rltreach Plan is to insure that ?i) t??geted ?>?arl?eting of Affordable For-Sale Units is provided to perso?rs with tl?e priorities set forth bc?o??, al?d iii} the inarketin of Affordable For-Sale U??its to the gener;al pl?blic be as broad and lnclrlslve as p4sslble ?n orde?i to ir?for•?n al?d attract as tnany prospective buyers as possible, ?f the Developer reasallably expects that tl?e i??lmber` of qualified purchasers of the A.ffoidable Fo?? Sale ?l?lt ??rlll srgnlflcantly exceed the supply, the nlarl?eting plan inlay include a lottery dr`a?vll?g ?!?itlr respect to file Affordable For-Sale Units, which shall be open to the public, Tl?e ?utr'eacl? alyd ar'keting Plan and tl?e associated applicant selection procedures ??ill be targeted to purchasers rga?•dlss of race, color, religion, sex, disability status, falriilial status ar national origit?? ?nforinatlon shall also be provided an tl?e De??eloper's ?vebsite, pity of Santa Ana ??ebsite, pity cable channel, arlCfarce I?t?resttne??t oar`d, Santa Ana chamber' of omirrerce, Santa Ana U>?ified School District, ailcho Santiago ornrnulllty college Dist??lct, ot?lmul?ity Development Resoa?rce ?et??ork Newsletter, through neighborhood assoc?at?ons and to per•sans 4vho leave been displaced ?v?thil? tl?e Station Dist?iict? D OCSQ?l14??C?73 ?' 1 ?i????7?-D0? ? P??eference shall ?? given as follo?vs? ??? persons displaced ?vithix? tl?e tat?o?? District shall k?e given ate e?clui?e period of not Tess than four•teer? ???} ? to p??rchase Affardal?Ie for-Sale Units, ?? after the eonclus?o?? of tl?e e?clusi?o period pur•suar?t to sr?l?parag?•aph ? 1 } above, halrsehol?ls ?vha Ii?e ar• ?orlC in Santa Ana shall be given an e?elusive per•iad of hat less tlrarr four•teer? ?l ?} days to purchase Affordal?Ie Far'-Sale Unit, arYd ??} after• tl?e conclusion ??' #l?e exclusive period purs??arrt to s??bparagrapl? ?2? the general prrblic slaail be ellgrble ?? purclrase Affor•da1?e For?ale Unt#? Tl?e Agency shall provide the Deveiaper ?vith a Iist of persar?s drsplaced ?vrthrn the Statlor? Dltric# and theiz? contact infarrnatiot?. Separate itsts shall be rait?tained for each preference category. If a potential h?ryer claims a prefererrce but could rrat verify s?rch pr•efer•ence, s?zci? p?zrcl?aser shall be pr'avided the same priarit? as rnerrrbers oftl?e general public. Pre-p?zrchas co????selin must be cample?ed prior to the closing of each Affar•dahle for'-Sale Unita 4??.? Income of Buyers, pr'ior' to the sale of ar?? A'for•dal?ie ?o?•?Saie U??it, tine Developea4 shall subl?llt ?? the Age??cy Exec??tive ?lr'ector a cor??pleted it?corne cornp??#atiot? at?d certrficatran for'rn, rr] S?1GI1 for'lr? as zr?ay be provided by tl?e Agency. brass incarne ar?d net rncarrre of the Ilo??selrald shall ? deteai?i??ed in accordance with Health and Safety bode eetio?? 5a? at?d the pravi?ians of Sections ?9I? acid ?9? of Title ?? of tine ?alifor??ia bode of I?eguiatiot?sa The developer shall obtain a cer•tific.tiarr fi'or?? eael? prospective Homel?t?yer det?ans#ratirig that such prospective Hornebr?ye?? is a N?aderate Iricorne Household and r?reets the ellgrbrlrty requlr•errrents established for the Affordable for-Sale Unit and that such Affordable For•?Sale Unit will be made a??ailable far' purclrase acid Bald at a?? Afforidable Housing host to such prospective Hor?ebuyer. a#??ifhstarrdirig ar?y?lring lrer'eln ?? #l?e cat?tt'ary, eaci? prospective Homeb?iycr• shall be req??ired to n?al?e a do?v?t payment of hat Iess than tlrree percent ?3°/a? of the purchase ?vllrclr down payment ?Y1?l?t be part of ???? net assets of the prospectl?e Hornebuyer• at the t1l?e a? appllcatlan, The De?elaper shall ??er•if? the iz?co?ne cez•ti?cation of the prospective Hotr?el??ryer as set forth belo??, The De?relaper shall verify the income of each pt?oposed Homebrrye?• of the Afi'ordalale For-Sale U??it by at least acre of the following methods as appropriate to the proposed HaiYlel3u?re? i•?C??1t pay periods, (a) abtain t?vo (2) paycheck stc?[?s f?•om the }person's two (2) most ??? o?tait? a true copy ?? ?? lr?came ??? r'etur'n froth #lre person far the host recent tai year• in ?vhicl? a r•eturtl was f"lled; the person; ?C? obtain arr lr?carne ?el'rfrctrarl cer•trficatlon fl'orn tl?e ernplayer' of ?d? abta?rr arl rncorne ?erificatlor? ceriticatiot? f r'01?7 ??1? aCl?l ??l?t'it? Adrnrnrstr'a#ion arrdlor the ?aliforr?ia ?epa??tn?ent of Social Services if the persar? receives assrsfance tram such agencies; or DDC?CI? 40?G73??I31?0?27?-??? 1 ?e? obtain an alternate form of incolrre verification ?'easonably 1'e?r?ested b? at?dlar acceptable to the Agency, if rrarre of the above forms of serif icatiol? is available to fire ?e?eloper', ?O?,G N?ail??er?arice o?Tcnar??s; Assacia#ia?? ????, The developer' shall n?alr?#ain the For-ale P?l?tion ?? tl?e Project and all ilnpravelnel?ts ther'ealr, includil?g all landscapitlg, in calrrplial?ce ???itlr all applicable pr'ovrslorrs of fire City's ?Iriul?icipal bode, duril?g t??e per?ad of De?elo?e?#' ??xt?el'hi? oftl?e Far?ale Pol•tian ofthe ?t'o?eet al` and par'?lan fhel'eaf, The ?e?eloper shall prepare and s??brnlt fire Assocra#lal? CCB?Rs for' t??e For?ale Poa-tion of the Project to the Agel?cy E?ectrti?e Direc#ar? far' his or' leer' reasanable approval, The Assocratlon CCcs shall be recorded against the ?'or-dale Por?tioz? of the Project prior to the sale of al?y ?Dilsl?lg t?lt5. Tae Association CCi?s shall re?uil'e the a???ners of all ?ousing ?nlts constr?rcted ol? the For-Safe Po??t?o?? of the Project to be ?rlet?lbers of the Assaciatian, The Assocra#lon CC?Rs shall erltltle each such a??rrer' to use oftl7e cominol? areas a??d facilities to be canstl'ucted on the For-dale Portion of the Project arld shall set forth an e???itable apportionrnel?t of the costs of xr?aix?tai??ing a?xd operating such comtrlol? aI•eas at?d facll?tres, The Associatlalr CCRs shall also obligate the Association to ?nait?tail? and assi?nle all liabili#y far any lal?dscap?ng #hat rs actually installed an fire carl?lnolr areas for' the For`?ale Pox?tio?? of t??e Developmel?#. Tile .?ssociatiot? CCs shall be enfol`ceable ley the Aer?cy al?d City ??i#h fire right, but rrot tl?e obligatiola to enforce tl?e sate}, and any s?lbstantive a1?1?I?drrient?s? #a such Assacia#ian CCRs shall re>?ire the eolrselrt of Ville Agerrc ??ec??tl?re Dlr'ec#ol•, ??hich consent shall not unl'easonably be withheld, Tl?e Association CCs shall speclf ically state that both t??e City and Agency a?`e intended third party beneficiaries thereof ??i?h the ability #a enforce alI the obligations set fo???? therei??? i??cludii?g, ?vithorlt li?rlitation, the abili#? #a car?se and and all rnarn?enanCe and repair` obllgatrol?s to e per"forl?ed Ol' to otlrel'?v?se 111?de?`t??e such ma?nte??ance and repair' subject ?o r'ellnb?ll'sernent far the costs irrcul'red lrr col?l?ectlall ?v?tl? s?ZCI? I?a?lntenance a??d1o?• repair secured by a lien on the pl•operty affected b? tl?e rrrain?enalicelr'epair, The inter'Ijal stl'eets, if a??y? to be ix?stalled by ?e?elopr an tl?e For?alc Portion of the bra jec? shall be prl?ate Str'eetS arrd file Crty shall not accept ally dedlcatlQl? ?f L?el] streets; taerefore, t??e Association ? shall include ? pr'ovrsloll ?l?llgatlllg fire I11e1?7ber's ?? file Association to 111?de?'#al?e and bear any a??d all costs associated ???th tl?e main#enat?ce and repair of the iIr#ernal streets arr the For-Sale Pol'tion ofthe Project ??,? ??1?1?1C??llilt? o? eCt?oll, Tire pr'ovllorrs of this Sectrorr ?4? apply oz?ly to #17e For?ale Por#ian of #lle Pr'aject al?d al'e wholly inapplicable to fire dental Por'tiarr of the Project, ??, ???a?Tisior?s ?.pplicab?e ?o ??e ?iafi??e Pr•ojec?, ?D,? ?Jse ire Accordaxzce wi??? ?edevelapmel?t Pla??, The Develaper covenants acrd agrees to devote, use, ?per'ate, alyd l?all?taln the rte ar?d the ProeC# ]n accorda?lce with the Pant Deed, the Reg?rlatory Agreemelrt, and tills Agreel?nel?#, All uses cond??cted on tie Site, incl??din, ?v?tl?out 11I?11tt1al?, all activities render#akel? by the Develaper pursuant to this D?CS?Cl??00b'?3?t131?OD272-4?4? ?gree?trent, shall co??fo?'n? to the ?edevelapn?ent Plan, all applicable provisia?ls of tl?e pity's Municipal bode, any tad all la??s, rules, a??d regulations applicable to the bite and the Project, and the recorded dacr???et?ts pe??talning #a acrd r'€?nning ??ith tl?e bite, ??.? oI1??1?Ci'1i?1111??1DI? overrall??, Tl?e ?evclaper cavet?at?ts by and forF itself and any successors in i??terest that, except s other'rse pra?ided o?• pe?'rnitted by la?T, there shall be no discr?rnlt?atlan agarnst or segregation of, any person or' group of persons on acco?rnt of atay balls listed rrr subdrvrsran ?a? ox" ?d} of Section 129?? of the avernn?ent bode, as those bases are defined in sections 2?, ?9?,?, srrbdlv?sl?I? ?m? and paragraph {?? of subdivisio?? ? of Section 125, trd Sectia?l ? Z955. of tl?e ove?'r??ne?rt bode, iii the sale, lease s?zblease, tratrsfer, use, occupancy, tetlure, oz" enjoyment of the bite, rear shall the ra?rtee or' any person clairrrit? ??nder or tlrrough llitrr ar her, establish or permit airy practice o?• practices of dlscr"l?r?ination or' segregation with reference to tl?e selectior?, location, nun7ber, use of"occupancy of tez?a?rts, lessees, subtenants, sublessees, or vendee irr the Site. The for'egoi?ag cove?ratrts shall r??t? ???ith tl?e laud, except as otlier?vise provided or permitted by lam, the Developer sl?ali z?efrai?r from r'estt'icti?rg the rental, sale or lease of the Site for airy portion thereof] ??? any of the bases listed above in this Sectia?? 40?2? A.li such deeds, leases ar cant?•acts sl?ali cot?tit? or be s?rbject to substantially tl?e folio??ing t?otrdiscrirr?inatial? or ??ansea?egation clausal; ?a? ??r deeds: "Tl?e grantee herein covenants key and fog' l?i?r?self or he??self, leis or 1rerF heirs, executors, ad?r?i??istrators, and assigns, and all persoz?s cl.it?i?rg under or• through the??, that there shall be too discr•i?nination aai?rst or set"egatio?r of, any person ar group of perso??s ot? accor?nt of any basis listed in subdivision ?a} or ?d} of ectian 1??? of tl?e Cover??n?et?t bode, as those bases are defined in Sections ? ?2C, 1 ?9??, 1, subdivision ?m? and parag?'aplr ??} ofsubdivisran ?? ofecttot? 1?5?, acrd Section ?2955.? oftl?e overrr?ne?rt fade, ?i? the sale, lease, sublease, transfer", use, occ??pancy, te?rt?re, ar enjoylne??t oftlre pter?ises herein co?rveyed, ??ar• shall the grantee or any person claimir? r?ndez' or through hi?n ar' her, establish o?' perrr?lt any pt"aCtlce off" pr'acttces Of dlscrlrnlnat?on ??` segrcgat?on ???th reference to tl?e select?otr, locatio?l, n?r??nber', ??se ar accupat?cy of tenants, lessees, subtenants, sublessees, or' ve?rdees in the laret?lises lrereit? canve?Ted. Tlie fot'eoing cove??a??ts slrall run ?vitl? the land," fib} ??r leases; "The lessee l?e?'eix? covenants by and far himself or herself, his or leer heirs, executors, administrators, at?d assigns, acrd all perso??s claimix?g ?z??der' or' th?'o?zglr lri?rr or' het', and this lease is made acrd accepted upon and sr?bject to the folla??in co?iditions: "TXat t]el'e shall ?? rla discr?rr?i??at?on agalr?st or segreat?an of any pe?ison ?r gl'D??p Of persons, an accoutrt of any balls listed In s??bdrvlsla?r ??? ?1' ?d? ?? Section ????? of the over?rtnent bode, as those bases are defined rn Sections 1 ?2, 129??, 1, s??bdivisian ?t?? and parag?'aph ?l ? of ??l?division ? of Section l ??, a??d ectlo?l 12955.E of the overr?rnent fade, in tl?e leasing, subleasing, transfers"in, arse, occupancy, tenure, or en?oyrne?it of the prer?ises herein leased t?or si?all the lessee lri?nself ar herself, o?" a?ly persa?r elair?rirr under or through hin? ar• he?•, establish or• permit any such practice or practices of discri?r?inatio?? or' seregatioi? with reference to the selection, Iocatioir, rr??i?ber, use, or occupaicy, of tenants, lessees, sullessees, subtenants} ar vendees in the premises herein leased." 5? ???????? ???73??13lZ?0?72-?0? 1 ??? In cot?tracts: "Tl?ete sl?all be no discrtt?tit?atton against atF segteation of, any person or t+oup of persons on acco??t?t of any basis lasted in subdi?isio?? ?a} or ?d? of ectio?? 12955 of the o?ernrnet?t fade, as those uses ate defined in Sections ????, 1292, ?, !#bdl?tstotr ?m? and pat+agrapl? {1 ? of s??bdt?tston gyp} of ectian 12955, a??d ectian 12955.2 of aloe Go?erntr?ent bode, to the sale, lease, sublease, transfe?•, ?zse, occupancy, tet??rre, ot• en joytnet?t of tie premises ??l?icl7 at•e tl?e suk? jeet ?f this Agt•eetnetit, not sbail tie grantee of at?y person cla?tr?ing under or tl?rough him or her, establish ot` pertr?it any p?•actice ot• practices of discrimination or segregation ??itl? tefetence to tl?e selection, location, t???tnbet, use of occupancy of tenants, lessees, subtenants, s??blesees, or ?et?dees to the pret?ises l?e?`ein catl?eyed. The foregoing covenants shall run ??ith the land," The ca?et?at?ts established iii this Section ?Q,2 shall, ???ithout regard to tecl?t?ical classificattan and deslnat:on, be btnditlg for t1?e benefit and in fa?atF of the Agency at?d its successors and assi??, a??d sl?all tet?natt? to effect tar perpetuity, ?0? Applicability off` ectioza? The provisions of tl?is Section 403 apply to the entire Project, itlcludin bath tl?e For«Sale ?'o?•tio?? of tl?e t'toject at7d the ?et?tal Partian of the Praec?. 500 D?I'AD?T AND N1D?? 501. Def?tit erttct?ie?? S??b?ect to tl?e extet?stotrs of tttne set forth in section 507, failure by either patty to perform any ob??gat?ol? 1?ere?inder ?r failure to use best efforts to ft?Ifill a canditiar? pt+ecedent ??itl?ii? the titrte perlads prodded het?ein f?llo?vin t?utice and failut•e to cure as described he?ieaer, constitutes a "Default" ??ttdet? tl?i Agreen?ent? The ?`efttsal or failure of tl?e De?elopex? of Agency to close Escto?v follo???in satisfaction of tl?e Aet7cy's andlar ?er?el?per's anditians Precedent fo?• be??efit of the party fatltt?g nr refusing to claw Fscro?? cot?stit«te a "Default" u??der this Agreement, A patty claiming a Default shall give ??vtiitten notice of Defattlt to t??e otl?et• party specifying tl?e Default cotr?plalt?ed of? Except as otl?er?vise expressly provided in tl?is Ag?ieetrtent, the cla???ai?t silall not ttlstlt€?tc qtly proceeding against airy otl?er party, nor tetininate this Aree?nez?t, a??d tl?e otl?er patty shall i?ot be in Default as to t?ot?? tnanetary Defaults atl?er ti?at? tra??sfers not pert7?itted under this Agreement has to ?rl?icl? too tigl?t to notice or cure sl?al? apply} if such party ??itl?in thirty ?30? days from receipt of suc1? notice p??o?nptly, v?itl? due diligence, commences to c??re, cottect of teinedy such failure ar delay at?d tl?erea?er cotriplete such c€i?+e, core+ect?ozl oi` tetr?edy ??itl? tuc dtliet?ce. As to trioneta?iy Defaults, a cure peiiiod of tet? ?? 0} days upon ??ritten i?atice shall apply, 502, ?11??i?ritl0ll of ?,???? Actloils. ?t? addition to any otl?et rights or remedies and ?ib?ect to tl?e resttictia?is otl?e????e sit forth 1n this Agl'eemei?t, aet• e?piratiat? of tl?e cute periacl prodded in Sectio?? 501 above, either patty may institute an actron at Ia?v or equity to seek specific pe?•forn?ance of tl?e tet•rn of this Areei?ei?t, oi• to cute, co??tect of remedy at?y Default, to tFecover clair?ages for airy Default, o?+ to obtain airy otl?er remedy consistent ??itl? the p?irposes of this Agreement. specific pet•forrnance shall be mailable as a remedy to the greatest extent legally allo??rable, S??ch legal actions iriust be instit?ited in the St?petior court of the Jaunty of ???ange, Mate of alifari?ia, to an appropriate municipal court in tl?at county, ar in tl?e ?Jt?ited Mates District otitt fo?? tl?e enttal Ditt4ict ?f alifari?ia. ot??ithstanding anyt??ii?g to tl?e contrary cai?tained herein, nothing in this Agreement, lnclutllt? the Attachments and in any SS I?? Cs??f 1 ?0??"3?? ? 312?0?72-0?? 1 ?mple?nentatlon Agt'ee?ne??ts hereto, shall be construed to provide that a Default relating to one Phase shat co??stitt?te a Defatrlt under' any other' Phase, i.e., there shall lie ??o cross defaults bet??eerl Phases or" each Phase's Develope?• entity Accordingly, any rights and r'ernedies sought under this Ag?'eez?ent follo??it? a Default shall lie limited to the Phase in ?vhich such Default occurred. 50, ?g?tts ??` ?'errriiYlatroli, 543.1 Te??mi?ratioaa by Agezz??. ?n the event that t1?e Ager?cy rs riot rn Default r?ndet" t1?is Agreernerlt, at?d ?a} the Developer' does not fulfil! one or r??ore of t1?e Agency's auditions Precedent ??itlr respect to a Phase ??hich is eapak?le of be?xag satisfied by the Developer ors ar before the tttr?e set far?h herein for irr the schedule of Performance} acrd suc1? condition is ??ot satisfied after Notice and air oppor'tutrity to cure as pr"ovided ??? eetlol? Sal hereof, acrd such failure rs riot caused b? the Age??cy; or fib} tie Developer is otl?er??ise irr Default under the terns of this Agree??ent at?d fails to cr?re suc1? Default within tl?e time set forth ire ectiai? 501 l?e?'eof? tl?e?? this Areerr?et?t and any rights of the Developer or a??y assignee o?" transferee ?vitl? ?'espect to or arisitrg out of this ?t'eerr?ent shall, at tl?e alation a' tl?e ?.e?e?, be terminated as to such Phase b? written native thereof to tl?e Developer. Prom the date of the ??rltterl native of tern?inattotY of this Agreement as to stzch Phase by the Agency to the Developer' at?d thereae?• this Agreement s1?a11 be deemed terminated as to srrel? Phase ?l?ut not as to try other Pl?ase?, tl?e?l the Agency shall not be obligated to make at?? fu??l?er disburse?r?et?t of the Agency Loa?r for' such Phase or of any ?on?ebuye?" Assistance ?oat?, repa.yrnerrt of tl7e Promissory Note relating to st?cl? Phase shall be accele?'ated, and there shall be no further rights or' abligatiorrs bet?veera t1?e parties with respect to such Phase, except that if the Developer is ire default hereunder, the Agency, after delivery of rlatice of default and expiration of tl?e ct?t'e period pr'ovrded in ectran 50? her"eaf, t??ay pursue any ?'e?r?edies it has at la?v or equity against the Developer' in accordance ?vlth ectio?? 50? hereof" X0,2 Te??illi?iatiorr ?? De?relapcr•, fir the event the Developer is ltot in Default ut?de?" this A?'eet?xexrt, grid {a? the Agency does clot fulfill oi?e or rrrore of tl?e Developer's oiiditions Precedent ??ith respect to a Phase ??rhicl? is capable of beiir satisfied by the Agency on or before the trine set far?h ?n this Agreement for i?? the cl?edt?le of Performance} and such col?dltlon ? tlot satls?ied after` trotlce acrd air opportunity to cure as provided in ectio?? Sal hereof, and such ?'ailu?•e is not caused by the Developer; or fib} the Agency is otl?e?t?vise in Defa€?lt under' the terms of this Agreen?e??t a??d fails to cure st?cl? Default ritlrit? the time set forth in ectlan Sit hereof; then this Agi'eer?e?lt at?d ar?y i"fights of the Agency ?vitlr respect to or' arising or?t of this Agreement shall, at tl?e option of the De?elaper', be terrninatcd as to st?eh ?'l?ae by ?V?'ittet? Notice thereof to the Agency, Frain the date of the ?vritte?? notice of termination of this Agi'eeirient as to such Phase by the Develaper• to the Agency and tlaei'eaer this Agreeinerrt shall be deeiried terminated as to such Phase ?bt?t i?ot as to airy other Phase, the Developer shall not be obligated to 'i?i?tlrei' perforrrr tznder' this Agreement with respect to such Phase and there shall be na fiii'ther' rights ai' abligatioi?s het?veen the pa??ties with respect to such Phase, except that if the Agency is In default hertindr tl?e?? tl?e Developer', after delrver'y of native of default and expiration of tl?e cure period provided In Section 541 1?ereof, ?r?ay pt??'st?e airy remedies they it has at la?v or equity against the Agency ire accor'da??ce with ectiai150 hereof, S9 DOCS?CJ14??673??1312??272•???1 ?4.? Ter"rrr?rratioil ?y ?i??ler Party. In the evert that tl?e Agency is pl•ohibited by la?v f?•on? ?rsin lnor?ey from the ?Iausil? Fund to firlfill any of its obligations llel•el?ncer or the use of the other firl?ding souzces by Developel• tl•igger's the requlrernent to pay px'evilin ??aes, then each party nay ter;minute this ?leetnet?t as to al?y Pl??e ??l?icl? his rat previously been col?veyed to the Developer", and neither" pal•ty shall have alry fur•tlrer r•Igl?ts ill" obligations ?vith respect to the other ?vitl? 1'espect to the terminated Phases. 5??? Acceptalrce n er?vice of Pr•ocess? ?n the evert that any legal ac#io?? is commenced y the Developer against the Agency, sel•vice of process on tl?e Agel?cy shall be rnade by pe?`sonal ser'?rice upo?r the Agency executive D?1•ector or in s??clr other lnanner' as may be provided by la?v. Its the event that any legal action is colnmenced by tl?e Agency agailrst the Developer", service of process ot? the Developer shall be made i?? any lnalrlrel• as may be provided by la?v? 5??? ?l??lts ?Il[? ?enle?ies Ar'e Cr??rr???a?i?re, except as otherwise e?pl•esly stated il? this Agree?nent, floe rights alyd 1•elnedies of the parties are clrr?trlative, a??d tl?e exercrse by elther party of one o?" zrro?•e of such rights or rerrredies shall not pr"eclude tl?e exercrse by lt, at the sat??e or different times, of airy other rights or r?ncdies for the salve defa?rlt ar ar?y other default by tl?e other party ?0?? ?rractiorr dot ? '4'?a?ver of DeI'aulf. Al?y failrrres o?" delays by elther party il? asse??tit?g ar?y of its rights and remedies as to any Defarrlt shah ??ot opel'ate a a ?valver of a??y Defa??lt or of alry such 1•ihts or" 1"et??edies, ox" depl•ive either s??ch party of its right to institixte al?d r?7alnta111 ally aC?1DnS al" pl'oceedings ?vlarcl? rt l?r?y deem 11?CsSc?r'y to ?r"???C?, ?S?t'? ?X` ?1]?Ol•?e any such rights or re?r?edies, X07, ?'o??ce r??je???+e? ?x#clrsiai? of T?l??es of Pex?for•rnarrce? rrr addition to specific pr"ovisions of this Agleelncnt, perfalrnance by elther• party he?•eunder shall rlo# be deerned to be in Defa??l#, and all perforrnarrce at?d other dates specr?ed In thls Aleemet?t shall be exter?ded, where delays or Defaults are die to; ?var•, incur"rection? strikes; locko«ts; riots; floods; earthquakes; fires; casual#ies; acts of Cod; acts of the public e??emy? epldemres; guar"antine z'est?•ictiol?s; freight embargoes; lack of t?`anporta#ian, ga?rerr?met?tl restrictiat? a?? p?"iar4it?; iitigatiot?; rnarrdalnlrs pl`aceedings? administrative proceedings; lrnlrslrally sevet`e ?veatlrel•; inability to secure ??ecessary labol•, materials or tools; delays of any contractor, s?rl?contl•actar or slrppller; acts o?" o?nissiol?s of the atlrel• party; acts or failrr?•es to act of the Ci#?? or' any other prtblic or gaver•nrnerrtal agency or entity bother than the acts ar failul•es to act of tl?e City or Agency ?vlrrch shall not ea?crrse perfol•mal?ce ??? the Agency}; ar any other car?sesbeyond the cantr"ol ar ?vitilo??t tl?e fa??lt of the party clai?nin an xtel?sial? of time to perform. ?ot?vithstat?dil?g al?ytlrin to the contrary in this Areer?el?t, an extelrslon of tlme for a??y srrch cause shall be for the perlad of tl?e enforced delay and shall cornlnence to run fro?n the time of the camrnence?nent of the case, if notice by the parity clailrrit?g srrch extelrsior? is sent to the other party 4v?t1??1? tl?lr•ty X30} days of the corntnencetrlent of file cause Times of pel•formance ?zr?der this Agreeme??t may also be extended il? ?vriting by the rnutlral agreemet?# of #lre Agency and Developer. ?ot?vithsta??dil?g al?y provrslorr of thls Agreement to the co??tr'al`y, the lack of firnding to complete the Developer' Inlplovelr?ents shah not constitute grounds of enforced delay plrrsr?ant to tlrls ectlor a?f I?? ?Sa?l1 ?DOG73 V 1 12?0272???? ? ?0 ???. N?t?C, ?e?na?Yds ???? ?omm??r?icaflnns ?c?veer? tie ?'???#ie?. Any appz"opal, disappr'o?al, denratid, doclllnent or' of}per l?atice ?"Notice"? ??lrielr either par"t}? lna? desire to ?i?e to the other party tll?der this A1'eernelrt must be ilr ???iitin and l??y 1?e i?elr ?y al?y colnlnercially acceptable ?nearrs to the party to ??hom file Notice ? directed at the address of the pa??ty s set far?l? helo??, or at any other address as that ?ar'ty nay later desil?ate b}r Notice. ?'? Ae??cy: olYrrrr??ll?ty ?eder?elop?nen? A.eney o? the pity of aorta Ana 24 civic tenter Plaza alrta Alra, aliforlria 9?7Q 1 AtterrtlQl?; Agency ?xeer?tive Director dopy to: trac}lilr ?ocea Carlson ?.auth 6?a Ne??po?•t elites" ?ri?e, Trite t ?? Ne??port ?3eaeh, aliforrrla ?6? Attention: Thomas P, Clary, fir, To De?elaper', alita Alra tatlorr I?lstrict, LLB 182U 1 Corr ?at'n?an Avelr?le, quite 9a? ?r?lne, allfor"I?la ??? Atterrtion: illiatn A? Witte Al?y ??ritterr lrotice, c?ernalyd or cornln??nicatialr shall be deemed ?+eeei?ed ilnlnedtately if ?eli?rered h?? irat?c? and sl?aii be deemed received oi? the t}?ird dad ?'i?orn the date it ?s pastrnar?ed ifdeli?er"ed by registered or• certified rnail. GU2, T?iansfers o? ?rtteres? irr Side or A??eerne??f. ???? P?•ohib?tiozz? Tire qualifications alyd idel?tity of tine I?evelaper ire of partic??lar colrcel'n to the Agerrcy. ?t is l?ecac?se of those t???ali?catians tad iderrtity that the Ae?rey has entered into this Agreernent ?itl? tine Developer. ?'or the period comtnet?cing upol? tl?e Date of Areerrrelrt a?ad i?ntil fire ter?nina?ian of the Redevelopment Pian, lro volulrtary or" ilrvol??t?ta€•? successor ilr interest of tl?e De4?eloper shall acgz?it"e any rights ox` pa??ers ul]der this Agreelnet?t, nor shall the De?reloper make any total or partial sale, transfer, corrveya??ce, assilrlnelrt, sr?l?divisiolr, z'e?nal?eing or lease of the ?l?ale or" any part of the Site ar the De?Teloper' ??r?pro?enrerits the??eon, ??lly of 1?rl?lel? is lrereaf?el4 referred to as a "Trarrsfe?{"? ??ithout prior written approval of the Agel?cy, except as expressly set fal?th lrereilra?er? The person or entity lnal?ilrg the Tl'ansfer rs referred to herein as the Tr"ansfe?"or and the person or" entity acceptil? fire Tl'ansfer is refe??l'ed to her'eilr s the "Tr'alrsfel"ee." ???.? Perm?tte?} T???x?sfers, Not??ltlrstndlrrg any other provision of this Agreelnerlt to file colrtl'ary, the Agelrcy approvai of a Tral?sfer' shall not he rec?t?h'ed to eonnectiot? rv?t?h ley of fire fol la??ing: ?a} Alr? tr?alrsfers of Phase R-t and Plrase R.»2 of the bite or assignment of the Ag?'eement with respect to Phase R.« 1 and Phase ??? to atr entity or? entitles ?? DaC?aCI1?I??b73?T131??0?72-40? ? ?eacll, ? "Tax credit Pal'tnel'st?ip"? in ??r?lict? the developer {or lilrl?ted liabili?? C?l?lpall? il? which The Related ompal?ies of aliforrlia, ?L, directly al' ?r?dia`ectl?? owns ? controllit? irlterest? is a erler"l p?r?#?er` ar4 ??nan?ing member". Affordable Ho?r??n ???ess, inc. for a l?rrl?ted ltabllrt? camparl? lrl hlcll Affordable Ho?asirl Access, ?nc? is a lrlanain I?en7ber'? is llcl'c?l? pre-approved as ? gex?eral partner or' lrra??atng member of any sucll Tax redlt Pal'tnersllips, ?b? At?? grant by a Tax 1'edit Partnersllip of a purcllase optiol? alldlol• 1•ight of f ir?t refirs?l of its r'lllts In and fa ?'l??se Rr 1 andlo?" Phase R?? to affi 1 fates of The Related on?panies ?? alifarnia, ?L andlar Affordable ?o??sil?g Access, ???c, or the tra?xsfer of Phase R-? arldlor Phase ?-2 p«rsua??t tl?e?`etai ?c? The collve?rallce or dedication of and par'tion oftl?e Site to the pity or` otller` apprap?'?ate govert?t?ler7tal agency, or the granting of easements or per'lrlits to facilitate constructioll oftlle Developez? Itnpro?ements. ?d? All requested assignlz?ent far fit?at?cit?g purposes ?sr?bject to suer financrt? be?l?g col?sidered and approved b?? the Agel?cy p?zrst#ant to section ? 1 ? lle?'eitl?, illcl??dill tllc grant o? a deed of trr?st to secul'e the funds llecess?r? fol' construction alld perrnarlerlt fl11?lllcill ofthe Developer Ixr?pro?elrlel?ts, ?e? subject to the provisions of t??is A?`eetnet?t, the leasing of Rental ?t??ts to grlalified persons and llausellold ill the normal course o bus???ess? ? Subject to the provisiar?s of this Areerllent, the sale of F'ol'-Sale ?r1rt?S? ?? qualified per`solls and households ??? tl?e i?or{mal co>`?rse of b?rsilless, ?? All Transfea' of the For-Sale Pal•tiorl of tl?e Project and the cor?`espondi?? rights and obligatiar?s of this Al'e?117c11t relatillg tD P?aase F and the For»a?e Portion to pity dentures, PLC, a Delaal'e llllllted llablllt? COlYlpan? for` a li?nited ?ia?iit? cornparl? in ???lllcll ltd ?el?tures, ??? or an e??tity cantl'alled b? City ?erltul'es, LLB is the 11]anc?glllg lllelllbel` alld, dlr`ectl? Q?` l??dl?"eCtl?, o??r]s ? contr'alling lllter'est? ?"arty ?ell?€?r'es"?, provided that ?it? dentures assumes all of the provisions of tl??s DDA that relate to a??dlor c?I?CC?`?? the FDa'?Sale Port?orl of the Pl'o?eCt pursuant tD an as11117pt1D11 agi'ccI'n?nt for' ass??a?ent arld assurnptloll arernerlt} that is sr?brnitted to and appra??ed by file Agency Executive Director`. ?Ot?vltllstarldll]g all?tlling t? ???? c?ntl'ar'?' cot?talned to thrs Agr'eerrrent, ar' otl?er'?vise, ??pox? at?? Tral?sfer car?templated by ectiorls ??,?a? or fig} above, file Agency slla?l release and for`ever4 discharge the Developer fr'arn illy ftlr'tll?l` lrabrllty or' obligation ?vitll respect to the obl?ga?larls rrrlder' tllis Areernellt as to tl?e Phase to which such assignments} relate, ?vhicl? release shall include, ??itha?rt lirrlitatiorl, release ullder' Sectlorl ?2 oftlxe California civil bode, The Agency shall provide srrcl? release ire ?vl'iting concurrent with srrcll assigrlnlent or Transfer' hand it relay be set for`tll ill and applicable I???plel??entatiorl Ar'ee?nent associated ??ith tl?e Phase to which release 1'elates?. ?r+om and after` illy assigl?mellt or Trallsfel` underi ectiorls ??2,??a? 0?4 ??, for all prrr'pases of the Please to ?vl?lch such asslgnlller?t or Tra.llsfel` relates render this Ar`een?ent ?alld file Attac??l?ex?ts) the tei't?? `?De?reloper" shall tl?e?'eafter ?neal? ? aC0?114?0673?R ? 31???2'?2-??? ? ?? at?d refer solely at?d exclusively to tl?e assignee ar Tx•ansferee, and not to t??e original Developer ??er•e?rnder or tl?e assignee ar T?•ansferee of at?y other Please, ?n tl?e event of a Tr`at?sfer• by tl?e Develapet? ?tnder su?bparagr•aphs ?a? thrarrh {?, inclusive, above trot requiring the Agency's pr•ior• approval, tl?e Developer nevertheless agrees that at least ton ? ? a} days prior to such Tt•arlsfer• it shall give ?vt?itten notice to the Agency of st?el? Transfer at?d satisfactory evidence that the Transferee leas assumed ?oir7tly with the Developer the obligations of phis Agreement. G??,? Agency or?si?era?ioa? of ?egrres#ed Trar?sfex•, The Agency agrees that it will trot ltt?reasonably ?vithl?old approval of a request made pursuant to this ectron ?a?? i?rovided fire Developer delivers written l?atice to the Agency requesting such appraval. rtcl? notice shall be accor?lpanred by sufficient evidence regarding tl?e proposed assignee's or• transferee's applicable oi?t`atlonal qualtflcat?or?s acid experience, a??d its f?nancia eor?r?itrrre??ts and resources, irr sufficient detail to enable the Agency to eval?tate the proposed assig?ree or purchaser pursuant ?o tl?e criteria set forth in tilts Section a? and as reasonably detertr?itred by tl?e Agency. The Agency shall evaluate each proposed transferee or assignee on the basis of its applicable developrrret?t at?dlor• c?ualificatior?s as it relates to a proposed transferee ?l?a is obligated to complete the Developers ?mpr•over?er?ts, and expe?•ierice in the opet•atior? of facilities sitr?ilar to the Developer ?rnprovetnents, arld its fit?at?cial cotrrrnitrnents and resources, and may r•easor?ably disapp?•ove any proposed transferee or assig?lee, during tl?e period far ?vl?ich this ectia?? ?a? applies, which fire Agetlcy dete?•tnrrres does not possess equal ar betted qualifications than the t?•at?sferring Developer, An assignment, assutr?ptiot? and release agt•eerner?t ire fortr? satisfactory to tl?e Agency's legal co?tt?sel shall also be req?lir•ed far• all proposed assit?trret?ts, ttl?rr? thrrty ?a? days after tl?e receipt of the Developer's ?vr•itten notice requesting Agency approval of an asslgn??el?t arF transfer p?tt•s?tant to this section COQ, the Agency shall either approve or disapprove such proposed assigt?tnent or• transfet•, or• shall respond in v?rriting by stating what further it?for•rnatian, if at?y, the Agency reasonably requires in order to determine tl?e req?test complete a?xd deter•rnr??e ?vhetlrel• ar• rrat to grant the requested approval, L?pat? receipt of s??ch a rresponse, the Developer shall prot??ptly f itrnish to the Agency such further inforr?atian as rrray be reasonably requested, G0??4 Successors alYd Assigl?s. All of tl?e terms, cavet?a??ts and cand?tiot?s of tlx?s Areerrreat shall be binding rtpor? the Dcvelopc?4 at?d its permitted s?tccessars and assig??s, 'L?11er?ever tl?e ter;n? "Deg=eloper?" is used its this Agr•een?et?t, s?tc?? term shall it?cl?tde a??y other permitted successors at?d assigns as herei?? provided, 602 Assig??n?erl# by Agency, Tl?e Agency nay assign or• transfer any of its ?•ights ar obligations under this Agreement ?vitl? tl?e approval of tl?e Developer, ?vl?ich approval shall riot be ?#nreasonably withheld; provided, hov?ever•, that tl?e Agency rrray assign or transfer any of its interests hereunder to tl?e pity at any time ?vitl?out fire ca??set?t of the Develaper? G??,G ?Io ?•oss Defar?i#.eiese frvl?? Lial?ili#??, In the event of a Transfer of Phase P permitted under Sections ?a2,2 arrd?ar 6a?.? ?i? a Default by a Transferor or Transferee shall not be considered a Default by the other, and ?ii? tl?e Transferot? shall be relieved of a??y further liability hereunder with respect to Phase P, ?3 DOs?Cl??00b"?3?f? 312D?2?2-?0?1 60?? Non-?,ia?ili#y of O?ficiais anti r??ployee? a? #i?e Agency No member, officiai ar employee of the Agency ar the pity shall be personally liable to tl?e Developer, or any successor i?a it?te?"est, its tl?e e?etit of at?? Default ox' breach by the Ager?cy a?? far a??y amount which may become dt? to the Developer ar its successors, ar o?? any obligations ??tlder the terns oftllis Areen?et?t. G??, Rela#ionship Be?veerl Agc??cy a?i?? Devclope??? rt is hereby acktla?vledged that tl?e ?•elatianship between the Agetlcy a??d tl?e Developer is not that of a partnersl?ip ar jait?t venture and that the Agency a.nd tl?e Developer shall not be deemed or constr??ed far a??y purpose to be tl?e agent of tl?e atller. Accot•dingly, e?eept as expressly provided herein or i?l the attacll?nents hereto, the Agezlcy shah have na t"fights, powers, duties o?• abliatiot?s with resi?ect to the development, ope?•ation, mainte??a?lce ar latlage?nent of tl?e Developer ?tnprovetne?lts? The Developer agrees to i?ldem??ify, hold harmless a?ld defend the Agct?cy from any claim made against the Agex?cy arising from a claimed relationship of partnership or ?olnt vent??re between t?la Agency a?ld the Developer ?v?tl? respect to the develQprraetlt, aperatla??, tna?tltena??ce ar tnnaetnent of the bite ot" the Developer" ?mprave?ne?lts? ?ia?. Agcr?cy Ai?pr•ovals lYr? ,?c?ions, The Aerlc? shah tnarrltalr? ar?tl?ority of this Areernerlt atad tl?e authority to rmpleme?lt tllrs Ag?'eelner?t tyro€xgh the Agency ?xec??ti?re fit"ectoxk? Tile Agency ?a?ecl?tl?e Dlrectar shall have the alttl?arity to tr?al?e apps;opal, issue inter'pr•etatiorls, waive provisia??s? request issuance of ?variratats and rnal?e payn?ents a??thor•i?ed here??rlder, ??ae acrd exec?lte f?lr`t?lel• areemetlts ?includi??g rrnpletne??tatiorl Agreenlerlts? andlor enter" into amex?dtnerlts of this Agreement oil behalf of the Agency so long as s?rch actiorls do not rnaterially ar s??bstantially change ar modify tl?e ?xses ar' development per"n?itted an the bite, Qr' materially or substantially add to the costs, ?•esporlsibilities, or lrab?lit?es rric?rrred o?' to be ii?curr•ed by the Agerlc? as specified ller'ei??, a??d such interpr'etatrons? ?valvers at?dloa• amendments may include extensiarls of titne to perform as specified in the cl?edule of Performance and any schedule of performance attached to ?? Irnplemet?tatian A,greemerlt. All material at?dlar' sUbstantlve rrlterpretatto?ls, ??arvei•S, ar amendtr?et?ts shall ?'eq????;e the can?de?•atla?l, act?an a?lcl ?vrittetl cansct?t of tl?e Agency Board. ??rrtl?er", Agency ?ec?rtive Director shall n7alrltaln the rl??t to Subtl?lt to the Agency Baar'd for ??rls?der•atl?n arld acttot? any roan-??ater'ral Or' I?an? substantive interpr'etatiox?? waiver' of anlerldrnent, if iii his ar' her reasonable j?td?nent lle or slle desrres t? do sa f ???? ?lrlrl#?l'?1?'??, Tllls Agreement may ?? slg?led itl m??ltrple ca??nterpar•ts ?vl?lcl?, ??lletl si?led by all parties, shall constitute a binding ?gr?rllerlt. This Agreement is exee??ted ?rl three ?? or•iirlals, each of which is deemed to be a?? a?"ii??al, GDS. ?tx#egrntiorr. Tl?ls Ag1'ee?ner?t carltains the er?tir"e uxadertarld??? bet??reerl tl?e partles r'elat?n to the tr'ar]5at?0i1 carltemplated ?? thls A,reernent. ??? prlar or contetnpar'a??eous agreeme??ts, urlder'standings, representatiarrs at?d staten?ents, f?r•al ar written, are rnerged irl this Aree?nerlt and shah be of no firrt?ler farce or effect, each party is e?lterin this Ar•eerllent based solely uporl the represerltatians set for•tl? llerei?l arld upon each party's o??rrl rrld?p?nderlt investigation of any a??d all facts s??cll party deems rnaterial? This Agreernerlt includes pages ? tlr•Ollgl] 6 and Attaeh?nent Nos, ? throt?gll ? 3, ?vl?icll constitute the entire ????der'standing al?d agreement of the part1es, t?at?'Vrtllstand?ng a??y previous rlegatlatlar]S ar' agreexnerlts between ?acsoc?l ???673?t1 ??zoo???-?o?l ?? the parties ar tlrei?i predecessors in interest ?vith respect to all or any part of the subject matter' lrer'eaf. GAB. deal Vista#e ??'ol?erac onilrrissioli. The Age?acy and the Develape?? each represent at?d ??ar;rant #a tirC a?her tl??t too h?;oker• ar ?r1?Cr' is entitled to and Cor?mis?tan ai? finde?''s fee in connection 4?itl? the Developer's ac???isitian of tl?e bite frorrr the Aerrcy. Tl?e parties agree to defend acrd lrold lrarrnless tl?e othez• pal`ty frorn arry clarrn to at?y suclr cor?rmrssrorr or fee f?'on? any broker', agent or finde?? ?vitlr respect to tlris Agreement ?vlaicir is payable by such party. X09, A#?or•rleys' ?`ee?, In ?t?y action bet??eerr fire par'fies to it?terp?•et, enforce, refar't?, modify, rescind, ar athex•?vise itr connectiarr ?vitlr atry of the terms or' pra?isians of tlri Ag?'eetrrent, the preva?il?rr party irr the action slra?ll be entitled, itr addltlorr to da?rrages, irrj??rrctive relief, o?? any otlrer relief to which it n?iglat be entitled, reasonable casts a??d expenses including, ?v?thaut ? lln?tatlorr, lrtratlo?? casts ???d ?'esotrable attol'neys ? fees ????. Ti#les ?xl?? ??p#loI1S, Titles ?tld captions are fir corrvenlenCe of reference arrly and da not def??e, descl"lbe ar lrrnr? fire scope o?' tl?e itrtetrt of ?lrls Agreement ol" of any of its termr?s, ?efer'errce to ect]on nr??rmbem's a?'e to ectlans rn firms Areemnetrt, Unless expressly stated athem'?vlse? X11. ?axtz?px•c#atiolr, As used iml this A.gm'ee?rrent, masculine, feminine oz• tre?mter gender and the singrrlati oz? plu?•al rr?mrrrber slrall each be deer??ed to rnclucle fire other's where and ?vlrerr the catrtext sa dictates, The ward "ltrcluding" slrall be construed s if follo??ed by the ?vol'd "?vmtl?out lttr?itatrarr,}? This Agm'een?ent shall be interpreted as tho€mglr pr'epar`ed jointly by bath pam'tiesF I?. Na ?VaYVer, A ?Taiver by eiti?et' party of a breach of amly of fire covenants, conditions or agreements under this Agree?rment to be per"forrrred by the otlaer party slrall Trot be cam?strued as a waiver of any succeedrtrg breach of the same oxi otlrer covenants, agreements, ?'estt'lctlorrs or condltlam]s ofth?s Agreernent? ?3. o[?rflcatialrs? Arry alteratiox?, clrane or modrficatmo?? of ox' to tlris Agr`eerrrent, irr order to becoxne ef?'ective, shall be made imr ??rrititr and in each i??ta??ce sighed on behalf of eaclr pat'ty? ??. evex•?bil?t?t? rf arry term, provisiom?, conditiotr or covenant of this Agreenretrt or' its applicatiomr to arry party or circ?r?nsta?rces slrall be held, to at?y extent, invalid om? unenforceable, fire r'ernalndet• of tlais Agreement, ar the ?ppl?ca?tiomr of fire ter"rrr, pr'avislon, conditlorr or covenant to persons or' circumstances other' than those as to wham or ?vlrich rt rs held invalid ar ?zm?enfor`ceable, shall moot be affected, and shall be valid amid emrforceable to fire fullest extent permitted by la??t? ?1?. on?pu#atiori of Tigre. Tl?e t?mrme ?n which air}r acf is to be domxe ?znder' this Agreement is corrrputed by exclr?dmm?g the fii"st day such as the day escrow operrs?, and including the cast day, ?mnless the last day is a holiday ar' Saturday ar rmm?day, acrd then that day is also excluded. The tertr? "i?ol iday" shall rr?eat? all holidays as specified in ectiom? 670D and ?7a 1 of 65 ?ocso????oo?????1 ??zoo???-?o? ? tl?e aliforr?ia o?ernment fade. If any act is to he lone by ? p?rtic??lar time during day, that trine shall be Pacrfic Time done t??ne? 6?G? Legal A???ice? each party represents a??d ??ar?'ants to tl?e other the folla??in: they have carefully read this Agreenler?t, ar?d rn srnrng thrs Agreerrrent, they do so ?vitl? full knaledge of at?y a?igl?t l?icl? they may lra?e} they l?a?e r+ecet?ed i??dependent legal a??ice from their` respective legal cau??sel as to the matters set foi`tl? in this Agreement, or l?a?e l?no?vi??gly choseii not to consult legal co???isel as to the irratters set faith ire this Ag?'een?ent; and, they have freely signed tliis Agreement ??itl?ar?t any reliance ??pon any agreemerit, promise, statetne?at or rear;esentatiar? ?? or an behalf of the ot??er' par*ty, ar tllelt` respective agents, e?npla?ee, ar attorneys, except as specifically set fartli in this Agreement, and grit}lo?rt duress ar coercion, ?rl?etlier economic ai' otlYer??ie. G1"1. Time of Lsszlce, Time is expressly mach of tl?e essence ?vith respect to rile perfarrrrance by t}?e Age?icy, tl?e Developer of each and eery obligation and eoriditioii of this Agreernei?t? X18, ?aoperatia??. lac}? pa??ty agrees to cooperate with the atl?er in this tra??saction and, in that rega?'d, to sig?? at?y at?d all dacrrrrients ??hich ray he ?'ea?sox?al?ly Necessary, helpful, ar app?'apriate to carry out rile p??rposes and intent of this Agree??e??t iricludliig? b??t ilot limited to, ?'eleases or additional agreements. ?19? aiiflicEs of Iirte?•et? ?o ?r?einbei`, off legal ot` ernplo?ee of the ?enc? shall l?a?ve any persoilal interest, direct or indirect, in this Areeirrent, t?oi' shall any scich i?lernhei`, official or erriplayee participate iii airy decision relating to tl?e Agreement ?l?icl? affects leis persona} interests or the inte?'ests of airy corparatiail, parti?ership oa' assoc?atioii in ??vl?icli he is directly o?' indirectly interested. ?2U, Date of Agrceme??t. The date of this Agreement shall be the date set forth ire rile first paragraph he?`eof. G??,, ?mp?crnctitatioii of Agrce??tent aiz[i ?ac?r Pease of the Pra?ect, The parties acki?o?ledge that, due to tl?e long ter?? Hate:re of the Pr'a?ect and the ii?plrne??tatian thereof in tlir'ee Pleases, it may be t?ecessa?'y andlor appropriate at sane t11Tle in tl?e fL?tL?re, ar fi'oin trrne to time, for' t}?e pa??ties to cuter iota various Implen?entatto?? Areeirieilts oi` to athei'ise execute additional doc?rinei?tatior? to clarify and ii?pletr?et?t tl?e p?;o?visions of this Arearnent, pra?ide fog' pile or' more Transfer's, andlor p?'o?ride for rile lilcorpoi'atian of additional or different f??ridiri aiidlar financing saur'ces fog' t}?e developi>?ent and operation of eac}a Phase of tl?e Praject? lac}? pa?'ty agrees to cooperate ill good faltl? to negotiate and enter into such various Irnpler?iet?tatio?? Ag?'eeinents for` each Phase of tl?e Project as iriay be determined to be r'easonahly t?ecessar'y and?ar appropriate by the Developer and rile Ae?tcy ?xec??tive Dir'ector`, ir7 their reasonable discretion sirbect to rile lii?nrtations of ectio?? ?? ? ?tr?plementatioii Agi'eernents entered ii?to pur's?ra?lt to this section ?? } lay ?r?od?fy the terms of this Ar'een?ent as to one or znoi'e Fliase?s} of the Praect, sa long a siich actioi?s do ilot iriaterially ar slrbsta??tially cl?ai?ge oi' modify the uses or de??elopi?leiit permitted an the bite, or ?natei'ially or s?ibtantially acid to the casts, respox?sibilitres? oi` lial?llities 1il?Uii'ed or to be incuri'e? by the Agency, DDCSaC?? ???6?3??131??27?-000 ? IN ?'NE ?ER???, t??e Aget?cy and tie D?elape?4 i??ve ?xec??ted this C1i?1.+V1314r11? ?? ?l ??LV ??tL ?Vt 1Vt 4? 44???Vi ???: AT'??T; ???ia D. H??i?ar? ier? nfti?c o????cil APP??Y?D A ?`? F?R?: tradli?i Yucca ?arlsor? R?uti?, Ac??cy pecia? ou?jci ??? ???1.?N1?? lt?.:l????1J??i:JN? A?:lN? ?I` TIC ??T? ?' SANTA. AAA, a ubilc body, corporate and o? itic ?y??ti?ia J, Nelso?? Exec???i?e Director D??????'?Ri AN?`A ANA TAT?DN DYTCT, ??, a alifo?•r?ia limited iiab?li? co???pany ??,. its: 7 DECO CJ 1 ???673 ?? 1 ?1???27?-??? 1 ?????I????r ??. i MITI; SAP r , ? r ? ? r ??w?wwwrw. ? , , n?? L.??inm ?i e? J WASH{#ti?T(3t? AV. ? ? - -- ? ? ?, ?? ?? y? ' $TAFf?$T ? ?T r R??? ?? ?.? , ?? .? _ I .? ? _ ?? ? ? `?' ?,, - ? ? ?o? -- ?'? - , ?- 9'€H ST. ??k? . • ?' ?.t. ??r?,??: rein I IG# ?? I AANA BL &3 S? r --- ? t? I F 6TN ST. '7 l iT. ? r?w?? ? r BTli ?T .r d w ? .... _ ? ? 1 L f i 1 i 1 1 r ? ?w?....l.i? ? ; { ) l ... rt'.,.,.,?.? i ? ? 1 «« ???? ??? ? {? +,?, -- - - - - ? -, ...... W J?? ?? ? ????,?y ?????? C?779PGpC []? ?1 ,II 4? 00744CL4 I1 L { # -- ??? L ? ? ?? ice.. `i's#r'iF+' rl??k?V?UI ???M#65 ?s.,. ?•••? ?•••? ???If?? ??S?fIC? ??ri?? 1 ??, ? " 1 ?? ????1 ? ??????' ? ?f??????-??? ? ???????? ?M ?? ?11 ???HL ?????? 1 ?L1 ?7L?T? ????L' ? i 1? JA 4 ! 7` 1 ? ?.J?? ?I? 4J ????j 2, I ? ?, S?xt?1 ??'ee? APB; 9?4? I I ?D7 ? ? . S?x?h S?re?t APB. X98°3 ? 1 DS B, AI?I?ITIDAI? P??PE?TIE ? , ?7 ?? Srx?h tl'?e? AP?. 95311 ?4? II, PHASE ?-2 - AI)I?ITI?NAL P??PEI?TIES ? 1 ? Easy Santa ?.?? Bo??le?a?id III, PI?ASE F - AI?I?IT'I?AL P?PEI?`PIES 1 ? 91 ? Brawn ?? ?? Easy Flft?? St?•et 3. ?0? aid 0? East Fifth S???e?? ?. ?o? ??a ? ? ? ???????? St??eet APN: 3953 303 APN, 3313-? AP?i ???????? ?: 395335-01 ATTA?IME?T ??. ?- ? AT'??,?NILN?` N?, ? LL?AL D?R???`I?N A{?dres? 1 ?? ?? ???t?? ??? ? ?. ? t [lf??`? ? C1? ?. a?it? A??a Blvd, ? ??? ?. ?1?i??1 tC??? ? ? 1 ? E, ?ixt?i greet S d?4 ?, Lacy G ?? .Lacy 7 ? 1 ? G 1 ? N, Lacy G?? . Lacy ? ? ? ? ?. ?Il?c? ?Ila Blvd. 10 X22 ?? a?tt? ???? Blvd, ? ? 2? GAS ?. Santa Ana Blvd, l? ?? N, L?.cy ? ? G? ? ? G1?3 ?. ?ixt?? #??e?t ?GO? N. l?l?r?t?r? ?ocs???i 4?o?73?t13?2??27?-000 ? APN Legal Desc??????ox? ?? ?-? ? ? w? ? F?UiTS ADD TO ?A??A AhA Ex?5?' LOT ? I3l.Ir ?` 41'LY IDQ I?'T SAND ?1'LY i00 FF LOT 3 BLIP F?A?'D LOT b BL[? F ?1'I,.1' i 04 Ti"F Ni.Y 27.b? FT THERE ?5?? ? 1-O FR[]ITS ADD TO SAh`TA A?'A EAST LOT 2BL?#: F ELI' ?Q FT(AND I;L? 7?1FTLOTS3?5BL[?F (? ? ?? 1 ? ?? (? FRETS e1BD TO SAh`TA Ah°A EAST LOT 1 l BLIti F ELY ? 8 Fi' ??'L?' ' I20 F F(AhD Iri.Y 4$FI' ?i'L?` 12? FT LOT 12 BLIP F ?! 0' ? ? - ?. ? FRi?ITS ADD TD SA?rF}l t1I??A EAST' I.OT i 2 I3LIv I+ SELY 7? E`#' ELF' ?Q? (??-???-?? FR[TiTSr1DBT05AIl?AAi?'[??:A5TL0?'I??LItFSEL?.'I2Fi'ELY 50 FT THE REOF(LOTI2 Rl.i; F N?ti'i,Y 25 I'T ELY SO TT THEREOF (?? -? ? ? -1 ? FR?.TS ADD TD Sr?NFA Ah'A EAST LOT i I I3LI: F Nl?'LY 38 FI' Ei.l` so F? ?? ?-? 1 ? -? ? FRI?ITS ADD TO S??'A AAA EASE' LOT ? BI.K F?Ah'D S 9 ?' 1?' ?3 FTLOTSBL?;F ?(?-? ? ? - ? ? ?`RE.?iTS ADD TO s???? ??? E?sT LOT s ILK F A.I. •I1x sa ?T ?V 23 fT- ?S-? 1 ? - ? 3 FR?IiTS ADD ro SANTA ??T? EdST LQT I BLIP F ???.Y 74 I~i`?A\'D ?4LY 74E'i'LOTS?# ? SBL?F ?{? ?'? 1 ? - ? ? FRUITS ADD TO SAh?'A ANA EAST LOT ? BLh F ??`L? $4 FTIrL4' I Ofl r f?T(AhD??ti? SOFTEL? ipOFTLOT54c?SI?LhF ?{??-? ? ? „ 1 ? I-`I?[?1T5 ADD T4 SAh?? AAA E?S?' LOT 1 I?i.h F EI,Y 50 H`€?Ah'D IrLI SO?LOF?#DL?F ?S-?J 1 ? -1 ? FR>JITS ??DD ?O SAh?'? ??'? EAST LOT S BLIP F FL?1' SO H? ?? S-? ? ? - ? ? FRi?TS ADD'FD SAh`TA ANA EASr BLS E LpT 6 POR DF LOT Ah'D l?It Ox LOTS ? R >o ?r?c????r o? ? ? ??xase I???; A??t?x•es? Al's ?e? ??cr?p?io?? ?] ? l N. L?C? ?-? ? ?.?I? Sr1.A'Tx? A1?A EAST LQT I4 8LIi7b(Al? LOT 11$?.K 7b ?j?[? ?? ??C? ?(??,? 1 ?_??r SANTA e??A ?AS?' LOT 12 BLI?754AIti'? h'lI? LOT l3 DLI? 76 (?? ] ?. L?C? (??`? ? ?`a? 5Ai1'TA r??fAEAST LOT 15 ?f.I.76 SR'F,Y I07 ?{AI?'i? Sl?'L?' 1p7 FT LOF 1? DLF? TG ?? ?. ?t'O?i'Il ?? -? ? ?.,?(? SA?'A AI?fA BASF' LOT IS BLK76 IvEL?` ?#3 FT?A?'D i??kLl' ?3 ?'T LOT 1 b ALl? 7G S G ? S N. ?7?1T•??i? ? ? ?,? 1 ?-? S SrIh?A AhA EAST LOT 25 $LI.75 A31'D LOT ?G BLIr 7b G??-?]?? ? ?3i31"?1?]t? ? (??- ? ?-1 ? SANTA A,?'A IrAST LOT 2i BL?7?Ah'D LOT 28 DLI? ?b '? ???3-???? ?. ?????i ???„? ? ?-? ? SAhT?}4?vA I~AST LOT 29 DLF;7b ?TE?,1' ?4 Ff(Alti'D A'EL?' 94 FI' I.OT 3? DLI? 7b 1 ?' ?' ? ??1I??? ???? ? ??(?. ? ? -? ?',?-1 SAs?'F'A A,?TA EAST I.OT 29 BLIt7G S??tiy' b0 F`L?A\'D 51?'L1' b0 F7' LOTS 30 TO 32 I? nLIC 76 O ?. G [??'110? ? ? ??..? 1 ?° ? ? SAA'TA ANA E?#ST LOT 3I I?I.Iy?6 POR OF LOT ,?Iv'D IaOR OF LOT 32 BLIP Tb ???_?j?? ? ??C? ?C?o„? ? ???? Sr?NTA A??Fel EASE" BLI:76 LOT14 A?v'D ?I,Ii 75 ?'OR LOT I3 1 ? G? ? ??"? ??? ? ?S `? ? ? -? ? SANTA A?4TrL Er1ST LOS S ?L? 65(A?'D LOT 11?L? ?S ?i' $? ?'{A?'1) 1? 54 FT L OTS 2, 3R ? F3LR GS ?? ? E, ???#? A??a B ??[?, ?? ?..? ? ? ?Q? 5A?`TA ANA EAST LOT I BLi? ?s E sp FT(Ah'U ? sa F'T tV ?p0 FT LOI5 2, 3 ? BI.I;bS 1 ? ??? ?T, ??t'?1??(? ? ??'? ] ? _?c? SA3?'TA AhA EAST DLK bS LOTS b & ? ?? ? . (]????? ?(?-???`?? SA?AA?'AEASTBL?4SI.O?'S$?9 ????e ?; Act ?? ??es ? 1 X09 ?. ??r?e?c? ? ?? ? ??'OSVtI 4 51 ? E. Fi??? Street 5 ??? E. F???? Street ?i ?Q 1 E, Fi??? Street o??i???e??3 7 ??2???4 F, S?x??? S?re?t ?5 ? ? -? 17 N, it1tel~ St} ? ?? 1 E. Fish Street ?5D8 ? l? ?. Porter} 9 X15 ?. F?ft?? Street l0 ??? ?. Fi??t Street ? i ?o ? ?. F? ??? s?????? ?5?7 ?D5 . ?ii??ter St) ? ? ? ? ? ?. ?1 ? ?1 Street ? ??} ?. ?1 ??1 Street 14 to ? 1? E. Fi??? Street ? 5 ??? ?? ?'i??? Street ? ??o ?. ????? St????t ?.?N del Descri?fian ?{??,? ? ?-?? SAi?'fA A?',? LAST LbT ?2 BL?65(?h'D LOT i3 I?3LI? bS '?, [??-? ? ?„?? S,#hTA AAiA ErLST LOT i4 BI.?f S S?`LY 5? FT Ah'?l SL`'LY $0 ?' LOTS I?? 1??i.KGS ??S-? l ? -U S A s? ?' A ? # h'? ? A 5T T B L I? L ? ?.O bS TS 1?, ]5 A?'t) I?. -Irk 'ELY IiECT p y { [ ? { p ? y [ L ? + i 1 S T 3Vr i £1151I ?? .}?l?L,?r ?Y?? l JQ i' 1 . ?S-????U? T?L?]TS AOi) IiLI? b LOT 3 ??S-????0? LRIJITSAi?1??Li;bLOT2 ?(??"???? J FRUIT'S r1DD ?L?b I.07I [??-? ?? `? 1 fRUIIS r1DI} BLIP 7 LOT I 0 ?[??-?-?S ?R?TSA?]D?3L?7LQT5 X98-??3-?C? I?7iIiiTS?I)D?3L?7LOT? ??-3??-?8 ?R?1ITSADI??LI?7LOT2 3?8?3?-?9 F??I?S ??????? 7LflT ? (??-? ?-O? I±RUI75 AOD BLIy 9 LOT 8 ?(??_?? ?-?? FRI]iTS AIaT? ?LIti 8 LOT ? ?? S„?? ?-? I??UIIS ADD ?3Lt? a LOT 8 ?(??-?? ?_?4 I-??1iTS AbD BLIP S LOT 7 ???-??S-OJ FRUITSAi)I3?Li»8LOT6 ??r????.???r ?o. ??? D?CS0?1i ??0??3??I3?200272-??? t AT?'A?N.??T ??. RE??DYN ???J?STED ??, ? AND 'BEN RE?D?D AFL T?; ? or??tnrln?ty Rede?elopte??t Aerrcy } of the pity of Santa A??a ? ? iv?c ?ente?• ?la?a } ?r?ta Ar??, a??fo?'?i?a 270 ? Attn: ??ecut?ve Dia?ector' } Tlr is e?ocument is exe????t from payment of ?`ecordlrl fee pra?`saa??t ?o o?e??rr???ent bode ecfio?as ?3 S3 and ? 1 ?3. GRANT D??D ??r ?alrrahle cot?sideratior?, ?`eceipt of ?vhicl? i? l?erey acknowledged, the ?o??i??T? R?l]????oP??T A?N? ?r T?? ?T? off' SANTA Ai?A, a pr?bli? body, cor'por`ate a??d politic ?"Agency}'?, acfi?? to carry out ??? ede?relaprr?ent Plat ?"Rede?eloptnerrt ?'lat?"? for the _; . ,,.;...._?.: Rede?eloprrrent >'z?o?ect ?<`>'r?oject"?? render' tl? ?ol?rrrunity l?ede?e?oprnerrt La?? of alifarr?ia, as of .::`?;..::..::::.?:: ... ?:. ?:::? ::i 2D a? hey;eb r grants to , a ?"?e??e?oper`"?, the real prope??ty l?erernafter` refer?'ed to as the "Agency Parcels," de?cr'ibed ??? ??hibit A attached hereto grid i??corpor`ated herein, subject to tine existing easerue??ts, r'estrictiot?s grid covenants of record described tlrere, 1, The Agency Parcels ar'e cot??eyed in accordance Frith and subject to the r?ede?eloprrrex?t Plan for` the Rede?e?oprnet?t P?•oject, arrd a ?ispositio?? at?d De?eioprr?et?t .................... A.greernerzt errte?'ed into bet??een Agency ar?d De?reloper dated as of ?? ?? `? ` ? ; :`??: ?` :.: ??:: ?? ? ?: ? `? ? ? ., ?a ? 0 ?"Agreet??er?t"?, a copy af?vhiclr is an fie ??ith the Aget?ey at its offices as a pubr?c ??ecar'd and ??llich is incor'por'ated l?rein by reference The Agreetr?et?t generally z`equir'es tl?e De?eloper? to co??str?rct cer•tai?? far-r'er?t at?d fa??-sale d??elli??g t???its on the Ael?cy Parcels ?"?mpr'o?re?nex?ts"? and to operate such ?rnpr'o?ernet?ts in accorda??ce ??ith tl?e terms of the Agree?nerrt acid float cer'tai?? Regulatory Ag??eetrrent ea?ec??ted by at?d bet??ee?? the Agency a??d Developer and recar`ded concurrently l?ere??itl?, ?, Agency ea?cepts at?d r`eser?es fr`o?r? tl?e conveyance l?ereirr described all interest of the Agency irr oil, gas, hydrocarbon substances at?d l?i??er`als of ?rery kind and character lying rrrot`e tl?ar? f??e lr??ndz?e?l ?50?} feet belo?? tl?e surface, together with t??e right to drill into, thro??gl?, ar?d to ??se and occupy all darts of the Agency Parcels lying t?rore than fvo hl?r?dr`ed ?5a?} feet below file s?zrface tlrereof for arry and all ???r?oses incidental to fire oxploration for' and pr'od??ctian of oil, gas, hydrocarbon st?bstatYCes ar rnitterals ?'rorrr said Agency Parcels or other lands, but ??ithout, lro?ve?er`, any riglrt to use eiflrer` tl? sr?rfac? of ?i?e Acr?cy par'ce?s ar• ar?y portion thereof ??rith?rl fire lr??r?dred ?5aa} Feet of tl?e surface for any p??r'pose or' p??r'poses ??hat50??'e1', or' to ??e the Ager?ey ?'a?'cels In suclr ? rr?anrre?` ?? to !'???? ? dlstur'bance to the use or' en?oyrner?t of the Agency ?'arcels, ATTACH-??I?T N?. 3-? DD ? sOCll ??073?f ? ?1?00272-?0? 1 ?e?eloper covenants b? and fork itself and any successors irr interest that, except as otixeaise pra?ided or pern?itted ? la??, there shall be ??o discrrrrrlrlatror? agai??st ar segregation vf, ar?y pe1•san ar group of persons on account of any basis listed in subdi?isiarr ?a} or ?d} of Section 12955 of tl?e ?o??ernrrrel?t bode, as those bases a?•e defirred in Sections 1292, 1292,1, subdi?isian ?I?1? arld paragraph ??} of subdi?isian gyp} of Sectlan 129, and Section f 2955,2 of tl?e o?erlrlnent bode, its the sale, lease, srrblease, transfer, use, occupancy, ten??1•e, or enjoyment of the Agency Parcel, not' shall tl?e grantee or at?y person clarrrrln ??rlderi or thr'alrgh hirn or• leer, establish or• permit at?y practice ar practices of discrit?lination ar seglegatior? ??ith reference to the selection, location, nu??ber', use or occupancy of tenar?ts, lessees, s?rbtenar?ts, sublessees, 01• ?endees in the Ager?cy 1'az•cel; Tile foregoing co?el?ants shall run ??itll tl?e land. ??cept as atl?r?vise provided ar per`nlitted by la??, De?elaper shall I•efrait? fr`otrr I•etricting the rental, sale or lease of the Site ot? any of tl?e bases listed above to this Section ?, All such deeds, ceases or can?racts shall contairr ar• be subject to s?ibstai?tially tl?e folla??ing nondiscr•Irnrnatiol? or nonsegreatiorr cla??ses; ?a} Iii deeds: "The gralrtee I?ei•eiia co?ei?ants by aid for' l?i?riself a1• herself, his or her heirs, executors, adinirlistrators, and assigr?s, a??d all persol?s clain?ing under or through then, that there shall be na discrirnii?ation aairrs? ar segregation of, any perso?? or group of persons arr account of any basis Ilsted ?n subdr?ISralr ?a? or ?d? of Sectioi? 12955 of the o?e1`rrinent bode, as thane bases a?•e defined in Sections ?292?, 1292, I, subdi?isiorr gym} and paragraph ?1 } of srrbdi?isioi? gyp} of Sectiar? 12955, a??d Sectiol? 129552 ofthe a?ernrrrent bode, in tl?e sale, lease, sriblease, transfer, rise, occupancy, fen€z1•e, ar• enjoyrrlent of the p?`e??llses herein conveyed, nor shall tl?e gr+al?tee o1• any person claiming ??nder or th?•ough kiln or hea', establish or pei'rr?lt any practlce or practices ?? d?scrlr?rr?atloz? f?l" segregation ??rth refel`ence to the selectlot?, location, ??umber, use or occupancy of tenants, lessees, subter?ants, sl?b?essees, or ?endees i?? tl?e prer?ises herein conveyed, The foreai?xg cove17ai1ts shall r`??t? ???itll the lai?d?" {b} In leases; "Tl?e lessee herein cavenai?ts by aid far l?iir?self of l?er•self, his 01• leer i?eir`s, executors, ad?r?inistratars, grid assig??s, a??d all persons claiming ul?der or' t??t•ougl? l?ii? or• her, and this lease is made at?d accepted upo?? atld subject to the follo?v?ng conditions. "That there shall be no d.iserirnlr?ation against or segregation of at?y perai? or group of persons, o?? accarint of oily bass listed in subdi?rision ?a} ar ?d? of Section 12955 of tl?e o?eri?ir?ent fade, as those bases are defirred in Sections 1292, 1292,1, stibdi?isioi? ?r?i} aid pa1•agraplx ?l} of subdi?isioi? (p} of Section 12955, and Section 12955.2 of the over•r?ment fade, in the leasing, ribleasing, transferrix?g, use, occupancy, tenure, ar enjoyment of the p?•ernises herein leased x?or shall the lessee l?in?self ar herself', or{ any person claiining tinder' a1• tl?roug?? him oi• hers, estabiisl? ar pe1•Irrit airy st?cl? practice or practices of discriir?iilatiat? ar sel•egatior? ??rth t•eference to the selection, locatiar?, r?t?r?ber, uSe, a1• occupancy, ?f tenants, lessees, sublessees, subteitants, ar• ?etraiees in tl?e prelYllscs herein leased." ?c} Irr contracts "There shall be no disct4it??irtation against oi• segregation af, any persorr oi• gz`oup of pe1•salls or1 accatint of any basis listed lIl subdit?isiat? ?a) or ?d? of Section I2955 of tl?e ?a?rern?r?ei?t bode, as those bases are defined in Sections 1292, 1292b.1, ubdi?isia?t ?t?? and pai•agi•aph ?l} of subdi?ISiai? gyp} of Section 12955 and Section 12955,2 of ATTACHMENT ?? ?2 DaCSa?1140??i73?? 131?0??72-4??1 tl?e o?ernmelit Cade, in the sale, lease, sublease, transfer",use, occupancy, tE?ll1?•e, o?' enjoylnelit of the prerr?ises ??rhich are tl?e subject of this Areexx?ent, ?aor sl?a?l the gl•antee or' any per'salr claiming under of tl?rougli hire of her', establish ar permit al?y practice or practices of discr•irnir7atian or set'eatlall ??lth r'efer'ence to the selectian, location, n?rtnher, ??se or• occ??pal?ey of tenants, lessees, s??I?teliants, sublessees, or• ?eridees in the premises herein conveyed" Tl?e ?aregoing covelrants shall run u?itli fire larld,?' 4, except as ather?rise exp?•essly provided herein, the Site oliditian upal? Conveyance f corn the Aenc?? ?o e?eloper shall he "?s-is," ??ith rra ???t?r'?t?ty expressed ar• irnplied ley Agency, lnclud?l? ??Tlthaut l?mitat?on, the p?•esence of ?azar•dous N?aterials or' the cond?t?an of the soil, its geology, the presel?ce of kno?v?? ar unl?.?awt? seilnic fa?rlts, or ?l?e s??itability a?'tl?e Site fot• the de?elaprnent p??rpases intended he?•eu??der" Fran and aver the date a?? ?i?iclr Developer colnpletes grading with respect to any Phase of tl?e Site as e?ridenced ley cer•ti?catiQn by tl?e City's ?3ulldllig Of?icral, alld to the extent that developer does llat object rn meriting to tl?e ?n?ir'a??tnet?tal Cat?dition of s??cli Phase ?ritliil? terl ?l?} days fallo??ing colnpletion of such ?}atli??, tho ?evelopexi s?al? raise, r'olease and discharge fa?•eve?" the Agency alas the City, and their respective elnployees, officers, agents and r"ep?•esentatives, f?io??n aid p?iesent and future claims, dclnands, suits, legal alid ad?ninistr'ati?e p?'oceedil?g and frarn all liability far' dalnages, lasses, casts, liabilities, fees alad expenses, pl•esel?t aliCl Future ?"Clalni or Liability"?, ar"icing out of ar in any ?'?ray connected ???itli the Site Condition as it slates to s?lci? Phase, except ?i? ar•isirig out of the 4?illfi?l lniscariduct of the Agency Ol' !ts ?1nplaye?5, D'fice?•s, agents oi' t•opreset?tatl?es; ar' ?li? if alicl to the extent tl?e ?eveloper• call demolistr•ate to a court of cainpetent ?ur'isdictioi? that the A.gel?cy andlor City ?vel•e tine direct al?d proximate cause of the Site Candltioii ??h1cI1 i tl?e srlbaect matte?? of tl?e Clailil or• Liability, including, ??ithout lin?itatian, attorneys' fees; or4 ?iii? foi• Agency's ohligatlalis urlder" Section ?a?.? of the Agreen?et?t, Upo?? floe effecti?reliess of the release calitemplated by this Section, the pal'ties acklio?vledge that the Agency's a?viler}ship would i?ot be tl?e direct at?dlar• pl'ax?i?7ate eal?se Of ally Slte Condition if sl?Ch Site Condition was lI? existence t tine t?rrle of file Agency's acquisition and cor?tillll?d during tl?e Agency's a??rliersliip, Sri the event that De?TelOpei• objects to the i??ironn?ental Canditio?? as desc?'ibed above, developer inay elect fat file time rt abject to the ?nviranirielital CQ11?itrQrl? to a?C?pt Such i??Tii"anlnental Condition, in ?vl?ici? event the Age?icy shall reilnb«re >?eveloper far' ifs actually ii?culi"ed casts of any ?e?nedial fork ??lidertaken by De?elaper to i'e?nediate the disappro?red Gnvil'al?irlerital Conditloil, provided, lla?ever•, that the n7axin7ilm amount of such rei?nb??r•semer?t shall be equal to the portion of the Reirlediai Fork ?xpeliditrlre Cap riot pr'evioiisly expended pul"Sllai?t to Sectlai? ??? of file Agz•eenlent" ?.i? file event of such election, ?evelaper• shall sllblr?lt to Agency a descriptiol? of the remedial fork performed, together ?vitla capes of invoices andlol' such other' e??idence as reasonably ?lecessary to s?#bstar?tlte such costs gild expenses, and Agency shall r`ein?burse Developer ??ritliili tell ??? days of its receipt of such materials, si?b?ect to the cap set for'tIr liereinabave, If Developer does not elect to accept such ?liv?ra?ilrlental Corlditioli in its native objecting to ?lch ?nvil'onrnerltal Calidition, Agelic}? rnay, ??ithin thirty ?3a}days of srlcl? written ab jection, elect il? 4?rrting to either remediate the En?iroil?nental Condition to tl?e extexit ret??tii'ed to satisfy De?elopei"'s objection ar terlninate this Agr•eemel?t as to the applicable portion of the Site abut not as to a??y otl?ez? Phase a tl?e Site ?vlYicli leas closed pr'ior• to such terrnination?, in ?vh?cii case De??eloper shall r'ecanvey the applicable portion of the Site to the Age?acy and neither pa??ty shall liawe airy rights or obligations ??ith 1'espect to the other in cox?nectian ???itli s?rcli ATTAC??NT N?" 3-3 DD????1I4?073?F 131?0?272-??? 1 por•tiar? of the bite. Notwithstandrng the foregolr?g, the ter?r?itlatior? of this Agreement pt?rsuant to this Section 4 witl? respect to at?y Phase ??rill nat rest?lt il? t??e tert??natior? o the Agreement with respect to any other port?an of the bite already conveyed to the De?elaper;. Tl?e Developer ack??owledes tl?at It is aware of and ?amiltar• with the pr•a?islar?s ofSectlon 154 oftl?e ?allfarnla Cull bode wl?ich provides as follo??rs; "A NERAL RELEASE ??? ??T ???'?D T? ?LAImS wHIH TP1? RED7T?R DIES NAT KDw OR SSPET T? ??iIT IN HIS PA??R AT THE TImE ?P ?E?UT?C TAE RELEASE, wHIH I?' I?N4w ?Y HIlVI mIJT HAKE ATERIALL? APPETED ?YS SETTLEMENT 1TH THE DEB?'?R," ?'lle De?reloper• waives al?d r•elrriqulsl?es all r?gllts at?d benefits whrclr It may lra? u??der Section 1542 oftl?e California Civil fade, 5 Upotl tl?e closing of al?y ?i?ase, tl?e De?Telaper lrall take all tieaot?able precat?tiorrs to pre?re??t the release into the en?riro??l?nent of any Hazardat?s Materials in ?iolatiol? of law which are located il?, o?? or render the portion of the Site associated with the Ager?c?r Pa?•cels. Such precautions sl?all include cot?lpliance with all ?o?e?•??tr?ental Requir•emer?ts witlr respect to ?a?a?•dol? N?ater•ials, Ire addition, tl?e Dcveloper? slrall il?stall and t?tili?e srrch equipment and ilplenlel?t and adhere to s?zch procedures as ar+e consistent ?vitl? cox?tr?ercially reasonable standards as respects the disclosure, storage, t?se, ren?o?al al?d disposal of Ha?at•dous materials. Foilow?n delr??ery and recordation o? this grant Deed, the De?elopez? sl?all notify the Agency, and p?•ovide to the Agency a copy oz• copies, of all er??ir•or?l??ental perl?its, disclostlres, applicatio??s, entitlements or ir?quir•ies r;elating to tl?e portion of the Aex?cy Parcels, inclrrd?r?g natrces of ?rrolatrol?, ??ot?ces to car?ply, ertatrons, ingl#?t`ic? Clean-rip ar abatelnerrt orders, cease and desist or•ders,l`epo?`ts filed pursuant to self=reporting ?•equirelrrents and reports filed or• applications made pursuant to aril o?er??t?lental Requirement relatil?g to ?a?ardolrs Nlater•Ials and t?l?dergrorli?d tanks, The Developer sl?all report to tl?e Agency, as ool? as passible aver each inciderrt, arly ul?ustral or potentially lmportalit ilacidents ?vith respect to the En?iron?r?ental ondrtror? ofthe poaitio?? oftl?e Site ?lrcluded witl?ilr tl?e Agency Parcels. X11 the eve?lt of a release of al?y ?a?a??dous materials irrto the er??il`o??nlent its vrolatrarr of law, tl?e De?reloper shall, as soolr as possible offer the ?`elease, f ?lrnisl? to the Agency a copy of at?y and all reports relatilrg thereto ar?d copies of all correspor?dt?ce with o?er•ntner?tal agel?cies z'elating to the release. Upon r•egtzest? the Developer shall f«rl?islr to tl?e Agel?cy a copy or copies of al?y and all otl??• et?vir?ol?met?t?l entltletnet?ts o?` int??rir?ie reratin to or af?'ectil? the Agency Parcels lnclt?dir?, bt?t not litrlited to, all permit applicatiol?s, permits and r•epor•ts 111Clt?dll?g, ?v?tl?out lln?rtatron, tlrase r•epor`ts al?d otlaer• matter's whrclr may be cha?'acteri?ed as confidential, 7? Upon the losing, Developer a?`ecs to indemnify, defelyd at?d l?old Agency llar`mless f ?`oxr? and against any claim, action, suit, proceeding, lass, cost, damage, liability, deficiency, fine, pelrlty, pt?t?iti?e dal??age, ar• expense ?inclt?di??g, w?tl?o?lt lrrrrltatror?, attol•l?ey's fees}, resulting from, al•isin ot?t af, or based rrpan the Site Conditiot7, including ???ithout ATTAHME?T ?. ?-? DDC?O ?{1 ?D ??7vt ?1???27?-00? 1 limitation ?i? tl?te release, ??se, generation, discharge, storage or' disposal b? Developer or• b? at?? itrdi?id??al or' entity for ??lricl? Developer bears the legal liability incl??diz?g, but teat lrrnrted to, office's, agents, etnplo?rees or contractor's of Developer' ?collect???el??y tl?e "De?elaper Pa??ties"} of any Ha?ardorts aerials in violation of ?n?rit'or?rnel?tal I?a?? ????'ixag the per*ia? ??' txe De?Teloper?'s o??rrlership of tl?e applicable Phase of the bite, ot?, urrder, in or about, ar the transpot•tation of any such Haza?•dorts Materials to or f?'otrr, the Phase of the bite by Developexi or any of Developer' Patties during the period of the I?e?relaper's o??t?ership of the Phase of tl?e bite, ar?dlot• iii} the ?ialatior?, o?? alleged ?ialation, b? De?elaper or' at?? of I?e?eloper Patties of at?y E???irontnental Laws relating to tl?e ?tse, generation, rel?ae, discharge, sto??ae, disposal or transpor'tatian of Hazardous atei'ials ox?, cinder, itr oi' abo??t, to ar Frain, the to dit??it? the period of t??e De?elapet''s o??r??e?'sl?ip of the applicable Phase of tl?e bite. Tl?ts inden?ntt?? shall include, ??ritlro??t li?rtitatiarr, atiy dat?age, liability, fine, penalty, cast or expense arising fratn of out of at?y ciairn, actioz?, srtit, ar' proceediirg for per'sorial injt?r•? {tncludtng sicl?ness, disease or' deatlr?, tangible ai' intangible properly damage, compensatiail for lost ??aes, business it?con?e, pi'??its ot` athel' ecanatntc loss, dat?tage to the Natural i'eso??r'ce of tl?e et??rr'antnet?t, i?utsat?ce, cantarninatioii, lead, spill, release or other adverse effect an tl?e environment ??ith respect to the applicable Phase of the bite. 8. >e?eloper shall indetnilify, defend and bold liaa'mles Agetrcy and pity, their respecti?re officers, agents, e?nplo?ees acid ?ol??nteers franc arld agai??st and and all loss oak dat?age, expetrses, injitries, death to any person, datrtage to real ar pei'sotral px'operty, claim, den?at?d, suit, action, jrtdg?rietit, settlement, r?easoi?able attorne??'s fees, casts, or p??oceedin of any kind arising out of Developer's .ctioris and obliatiarrs p??rs?tant to this ?reetnent, De?Tloper's in?plcn?erttatiara of this Agreerlle?.t, ?]e?elaper''s sec???'itag of financing, design development di'a??vings, the enirieering, constructioi?, recox?structiai?, struct??ral i??tgt•ity of the Project, rnaiirterrat?ce of Praject, aperatiox? and sitbse?uetrt sale of the Project, incl??ding but not limited toy ?? 1?t?1?t n]atel'lc?l defects In cat?stl'?1Ctl?r? oftlle Pt•o?ect; fib} airy const??rtctiot? defect iil the P?'ojct? ?c} personal ir?j??z'y, including death, afthe et?plo??ees, agents, officers, atidfor ?ol??t?teers of Developer, De?elaper Patties, and?or arty subco??t??actor, independent carrtractor's, pa??tt?el's, andlor` sl?bs?d?ar?es oi' thrr'd pat'tles ??] cannectlair ??lth tl?e Plioect; ?d} praper'ty damage claims of the etriployees, agents, officers, andlor volunteers of 1?e??elaper, Developer Parties, andlor a??y subcantractoi's, tndependet?t catitr'actor+s, parttrers, andlor subsidiaries ar third patties its connectiaii ??itl? the Pia ject; ?e? delay in canstr??ction of the Praject beyond the dates set fo?'th ller'ein acrd the Chedule afPel'fari?nance and subject to force n?ajeure; and ? the failure to make r'equtred real estate disclosures to subsequent buyers of ho?r?es ate Phase ?' AT?'AHEN?' N?. -? D??SaC1? 4??G73??1?12?0?7?-?0? ? Developer's obllgatien to ttrde??trlfy as set forth rlr thls Agreement shall extctrd to less or damage, expenses, irr??tr4ies, death to any person, damage to real or personal property, clain7, demand, sort, action, udgrrrerrt, settlerrrent, reaso?rable attorney's fees, cysts, or proceedings ?f and kil?d that are disea?ered or accr??e, eit?iet• befar`e ar? aver the termination off' tlrls Agreemetrt, ?ot?vltlrstandltrg the fol'egoitr, Developer shall r1Qt be required to indetrrrrify a.nd hold harmless Agency or the City fot• liability attrib?rtable to the active tregligence of, irrteritiorral rniscatrdrtct by, or breach of this Areerrrent by Agency or the City ar arry of their boards, officers, er?rplo??ees, representatives oragents, 9, Developer certifies and agrees that all persons errrplo?red or applyitrg for emplaytrrerrt by it, its affiliates, subsidiaries, or holding cornpalries, and all subcotrt?•actors, bidders and vetrdors, are and will be treated equally by it ?vitlrout r`?gard to, or beca??se of race, color, religion, trcestry, rrationa oriilr, sex, sex?ral orientation, age, preglratrcy, clrildl?irtlr or related medical conditions, tr?edical condition ?calrcer• related ot" physical or t?errtal disability, alyd in con?plialrce ?vi?lr Title ??r oftlre Civil Rights Act of 1h4, ?? D,S,C. Section X404, e? serf., the Federal equal Pay Act of 1???, 2? U,,C. Section ????d?, the Age Disct"tr?lnatlorr i?r ?lrrplayrnerrt Act of 19'7, ?? U,,C? Section ?? 1, e? seq., the In?rnigratian Refoz`tn and Cotrtro? Act of 1?b, ? ?"S.C, Section 13Z4b, e? secs, 42 U.?? Sectrolr 1981, the California lair Errrployt?rent and I?ousit?g Act, Cal. overtrnrerrt Codo Section 129DD, e? seq., the Callforrria ?grtal Pay La?v, Cai, IJabar Code Section 1197,5, Cal, overntr?etrt Code Section 1135, the Arrrericans ?vitlr Dtsabllltres Act, ?? U,S.C. Section 1?1?1, e? seq,, and aid other anti discr'irrrinatiolr la??s alyd regulations oftlre ?trited States alyd tl?e State of California as they rlo1? exist or tray hereafter be atnerided, The DeveloperF shall allov? representatives of the Agelrcy access to its errrploytnerrt recur;ds rated to this At•ee??ne?rt during t•e?tlar bt?itres lrorrrs to verify complianco ?vitlr these provisions tvlren sa re?rtested b?T the Agency, 1 ?, except to the extetrt eerrrpt therefrom, the Developer shall pay pt"ior to delirrgrretrcy all d valor+etrr teal estate taxes and assessments ors each Phase of the Srte ttt"ibutable to periods subsequent to Closing far such Phase, subject to the Developer's right to contest irr good faith any such taxes l?olloirr the Cloilrg far" ar?y Phase, the Developer shall remove oz" have removed atry levy or attaclrtr?errt made on alry Phase of the Srte er any pant thereof, or ass?zre the satisfaction tlrereaf within a reasonable tilneF The Developer may apply f?rF property tax abtctrtetrt fi?orn the payt?ent of all pr•oper`ty taxes or assessl?ents dui"itrg the period of its o?vrrerhip otr ally interest in or• to the bite or` at?y part thereof, 11, The Developer shall carry out the desiglr, canstr?rctiotr, development and operatiotr of ?lre DevclaperF It?pravet?ctrts in confarrnity ??vitlr all applicable lames, incitt?irrg all applicable state robot" standards, City ?orrllrg alyd developrnerrt tatrdards, builditr, plulrrbitrg, rneclrarrical and electrical codes, and all othet+ provisions of the City's Municipal Cade, and all applicable disabled and l?andlcapped access requirernetrts, irrcludi?rg ?vitlr?ut limitation the Arrrer•icarrs itlr l?rsabrlrtres Act, 42 tI..C, Section 1101, e?sec?., overrrtnent Code Section 4454, e?s?c?,, overntnent Code Sectiotr 111, ?? s?c?,, and the Unruly Civil Rights Act, Civil Code Section 51, t secs, and alry other applicable overrrrrrerrtal Requlrerrrent? D?C?DCII ?00??3??? 3???0?????001 ATTACHM?T ?C. 1 ?, Developer shall carry out tl?e catrstruction through cornpletiot? of the Project and the overall develaprnent of the bite in canfar??nit? ??it?? a? applic?bla ?c?e???l, state acrd local lobar lames acrd reulatiox?s, itrcl?rdin, ??ritho??t lirrritation, if applicable, tl?e re?uiren?ents to pay pre?ailit?g wages under federal l?v ?tlre Davis Bacorr Act, 4a U??C. Section X141, ?? s?c??, and the regulatiat?s prar?rulgated tl?ere??nder set forth at ?9 CPR Part 1 {collectively, "Davis Bacon"}} atad Califarrria la?v Labor Code Sectiarr 17??, e? ?????? Notv??ithstarrding the fa??egoing, a? the Agency hereby ackna??rledges and ar"ees t??at rlatll?n ??? this Ar"eetr?ent ?al? a?r? of ?l?e dacr?n?e?t etltered i??ta h tyre ?er?c?T and the ?evelaper in c?t???ection with the transactiotrs corrterrrplated by this Agreernent? ?? itrtended to in?pose orr the Developer, carrtractually ar? other??ise, the obligati?rr to pay prevailing v??ages under federal, state or local la?v, acrd ?b}the Agency hereby represents at?d ??rarrants to the Developer, its srrccessars at?d assig?rs, that all firnds rlsed by the Agency in corrnectian with this Agreetrrent acrd the tratractians cot?tetp?ated hereby, includ?t?g, ?vitlraut limitatio??, futrds used a??d to lie ??sed by the Agency to acyr?i?'e each and every cotr?ponetrt of the bite, f??rrds used acrd to be used to pay far relocation at?d derrrolition of exist???g ?t?rptoverrrerrts on the Srte, futrds used acrd to be used to fir??d the Agency Loans and f??nds used and to be used to fir??d ?arnebuyer Asita?rce Loans, solely constitute moneys 'rater a Lo?v and Moderate rtrcarne Housi?rg ?'??nd established pursuant to section 333?4.? of the ?lifa?"r?ia Health acrd afet?f fade, all ?v?t?ir? tl?e meaning of section 1'?20?c???} of the California Lobar Code, The Aetrcy understa??ds acrd agrees that fire Developer will materially ??ely orr the foregoing ??arra?rties in its deterrninatian as to tvhetlrer prevailing images are r?etluired pursuant to California la?v a?" Davis-Bacon, The parties acknowledge that a finatrcin structure utilizing certain federal atrdlor state frr?rding sources anal financing scena??ias trot otlrer?vise identified herein gray t??igger carrrpliat?ce ??ritlr applicable state and federal prevailirr wage laws acrd reg?rlations? Tire applicab?lfty of federal, state and local prevailing ??rge lames will be deterrr?rrre?t based upon the final fit?anc?trg structure and sources of f?r?rdirrg afth Project, as approved by file Agency Executive Director, Tire De??eloper shall be solely responsible, expressly ari irrrpliedly arrcl legally a??d financially, for determining and effectuating compliance with all applicable federal, state acrd local p??blic orbs rie?rrirements, prevailing wage laws, lobar laws acrd standards, and, ea?cept as provided above, neither the Agency nor City makes at?y ?;epr?eserrtatian, either legally andlor firratrcially, as to the applrcabrlrty or rran?applrcabrlrty of az?y federal, state and local laws to the Project, eltllcr ansite ar offite? The Developer expressly, kt?oritrly and vol?rrrtar?ily acknowledges and agrees that treitlrer fire Agency tror? City have previousl}l represe?rted to the Developer ar to at?y representative, agent or Affiliate of Developer, ar any contractor?s? or any subcontractar?s? for fire construction or development of the Project, in ?vriti?r or otlrer?vise, in a call fay" bids or ather?vise, that fire work and canst????ction undertaken pursurrt to this Agreement is far is riot} a "public work," as defined in Section 1?2a of the Labor Code or ??trder? Davis ?3acan. The Developer k??o??ingly and vol???rtarily agrees that fire Developer shall have fire obligation to p?•ovrde airy arrd all disclasl?res ar rdet?t?ficatlorrs as re?ui??ed by Lobar Cade Section 1 X81 a?rdlor by Davis Bacai?, as tine same may be amended franc tirrre to Time, or any other sirnilar la?v or rer?latiaxr. ??' and only if the representation acrd warranty provided by the Agency to the Developer in this Section l? re?r?ai?rs true, correct and carrrplete in every respect, the Developer shall lrrdemrrify, protect, pay far, defend and bald lrart?less fire Agency, the City acrd their respective officers, employees, agents and rep??esetrtatives fr?o??n and against at?y and all ATTAC?NIE?T N?. 3r7 Da ???? ? O?b"?3 ?F ? 31????72-??Q ? loss, lial?llity, da?rrage, elai?n, cost, expense andlar• "i??cl?eased casts" including reasarrable attorzae?s fees, coltt•t acrd ?itlation costs, atld ??? of e?per•t ???tnesses} ?vlrlch, In connection ?rtlr the developlnent, constructlan has def??ed by applicable la?v} ?11d1?1; ope??atiolr of the Project, 1?rcludllrg, ?vitho?rt lirnitatian, any and all public ?vor•ks has defined b? applicable la?v}, results Q1' arises in any ?vay f?•oln arry of the follo?virr; ?i} the xaoncolnpliarrce by the Developer ?vit?? any applicable local, state a??dlar• federal Ia?v or reg?rlatio??, i?rcllydirrg, ??rlthout llrnrtatlan, atry applicable federal andlor state labar la???s or regulatial?s {including, ?vithaut litnitatiot?, if applicable, fire 1•equil?ement to pad state at?dJor fedel•aI prevailing images}; ?ii? tl?e ilnplelnerrtatiot? of Sectia?? 178 ? of the ?abaa? bode andlar of Davis Bacolr, as tl?e satrre Wray be atr?ended fr•orn time to tilr?e, or any other similar la?v or regulation; andlor• ?rll} fa?lr?re by the Developer to p?•ovide any req??ir•ed disclosure ar l?lerrtificatial? as rec???ired by ?abar• bode Section ? 78 ? atrdlol• by Davis Bacon, a the same ma?? be atnet?ded frorn tilne to time, or• airy otlrer similar la??v or regulation, ?' and olrly if fire r•epresct?tatiolr acrd ?varranty pl•ovided by fire Agency to the De?elaper• In tlr?s Sect?olr 12 renrai?rs Niue, correct acrd complete irr every respect, It is a?;eed bar tl?e parties tlrat, In conrlectlon ?v1tlr fire de?eloprnrrt c?l?d co??str?rctian has defined by appiicablc la??r or• ?•egultiorr} of fire P?•oect, includilrg, ??rithout llrnltatlaz?, airy and all p?#hl?c ?vorks has defilred by applicable la?v ?1' ?'egulatian}, fire Developer slrall bear all risks of payrr?ent or• non- paylnerrt of ple?aiiin ??aes ?lnder• a??licahle ?eer•al, state al?d local Ia?v o?i r?eulatiolr at??lo?+ the itnplelnerrtatio?? of Labor bode Section 178 ? arrdlo?i by Davis Bacvtr, as the same nlay be al?etrded f?•oi? time to time, andlor arry otlrel4 similar la?v or• r•g€?latialr. "?ncl•eased costs," as ??sed itr this Section 12, slrali lave the mea?ritr ascribed to rt rn labor bode Section 1781, as the satire nra?? be amended from tilne to titne? The foleoi??g indelntrity slrali sl?r?ive terlninatiet? of this Agl•eerrrerrt and shall calrtrlrue after cotnpletlan of the calrstructiolr alxd developlnelrt of fire Project by the Developer+. 1 ?, Pollo?vin delivery and ?•ecordation of this Grant Deed and dui+itr the colrstr??ction, fire Developer shall ??se all reasonable effol•ts to not allow to be placed otr fire Agency Parcel ot• atry palt thereof airy lien ar• stop notice, If a claim of a lied or stop notice is ivc?r or recorded affecting fire Agency pa??cel ol• the Developer ?tt?pr•ovelnelrts or airy portion tlrel•eaf by reason of Developer's predevelopr??ent, developrrrent andlor carrstr??ctiotr activity, the Developer shah ??ithin ?lrirty X30}days of such recorditr ol{ service ol• ?vithi?r five ??? days of tlae Agency's dellrarrd ?vllichever last occua?s; ?a} pay and dlsclrarge the same; ol• ?b? affect fire release thereof by 1•ecol•ding acrd d.eliverllrg to the A?1lCy s??l'et?x bond ?n sufficient f01•nr acrd alnount, or otherwise; ar ?c} provide the Agc??cy ?vlth othel• assr?ratrce ?vlrlch fire A,c?rcy deems, itr ifs reaso?rable discretion, to be satisfactory fo?? fire payrnclrt of such lierr or bonded stop r7otice and for fire full atad continuous protectia?r of Agency fro?n the effect of sucir lie?r or bonded stop notice. The covenants estabi fished in this 1•atrt geed shall, ?vithor?t regard to teclr?rical classi?catiolr and designation, be binditrg far the benefit and llr favor of Agency acrd its successors and asslgtrs? acrd shall remain rn effect ltl perpett?lty, ATTA?E?T ? -8 D ?CSOC11 ? Q?673 ?? i 31???272-??? l ?i?r?a???t?e block ????? o? f?llo?v pae, DOCOCII???G7i?1 12?4??-??? 1 i l?l Y?1 R 1?? ? Y ? Y+ ~! A?NI??: ???NIT? REDIi??ELpP?Il??NT AEI#?N?? ?' T?I?? ITS ?F SANTA ANA, a ?bl?c body, cor?o??ate and poli?le ??: ??r?t??i? ?? N?elorr Exec???t?e Dlrec?ar? ATTEST; a??ia ?a ?uizr, ?lerl? of?l?e our?oil APP?O?E A T? i"??; tradll?r ???ca Car?l?orl Ra?r?h, Aer?y pe?ial o«???e ?3E'VEOPE?i; SANTA ANA -? TAT?ON ??T?T, ???, a alifa?•r?ra lrrnr??d lr?brlrt?? ca???pany ??: ??s; ATTA??ET N, ?- ? 0 I???SOCII?OD67???? ?f2??27?-???? 11???? ?E?A? ?RIPTI?? ?? I?? EHI? IT` A T? A'?T'AH?IENT N?. 3 D????G114?4C?3??1 ?124??7?-???1 1 ATE ??' CALIFORNIA AUNTY ?F ??Y ?ersotYally appeared ??ha pra??ed to one on tine basis of satisfactory evidence to be the persotl?s} 4?hase ??a?????} islare subscribed to tl?e ?vithi?? it?strutnent and ack?la?vleded to ?r?e tl3at helshe?they executed tine same iii i?islherltileir authorized capacity?ies}, atld that by hisll?er?their signatures} on tine instrument tlYe persan?s}, o?i tl?e entity ???oil behalf of ?vhich the peror3?s} acted, executed the instr??t??e??t. I ce?•tify u??der i'?NALTY OF PERJURY ????der #i?e la??rs o?'the state of ?alifo??r?ia that the fare?aing paragraph is true a?Yd correct. 'ITS my hand and of?ciai seal, g?lat«re of?lota?? I't?bli? ?PT?D?,?L Tliougli tie d?t? be?o??v ?s tiot req??lred by ta???, it n???? l?r?ve 4Fa???able to persons rely???g o?? t??e doc??t??et?t a??? could prcvc?tt fraudule??t reattac??mcnt of t??is form, _ ?APAZT?' ?AI?IED B?' I?i?Ii?It ? II1d1Vld??c?? ? corpora#e ?f?eer Ti??e?s} ? t???•tncr?s} ? ? Attorney-I?i?Fact ? Trustees} ? t?ardi???lCo??serva?ar ? ?t??er: Littlited Cenera? ?i???er is representing; Na?Er?c ??Pe?sv???s) ?r ??tt??(?es? ?]E?RI?TION ?F AT'I'?.?HED DQU?YII+?NT -- _ 7'?t?? Or T?Fpe ?€DoetyEn???? ?I??Enber Of Pales Dade Qf?oc?ime??ts S???er??} ???YeF Than Named A?o??e ss. bei'ore one, ,Notary P??bliG, ?P??i??t Na?r?e of rotary Public} ??0?11?00673?t13???????-OD?t STATE ?F AI?I???NIA ??JNT ?F ?Il perset?ally appeared ?viao p?'o?ed to Ine ar] tt]e bass of satlsfaetor'y evic?e??ce to be ti]e persox??s? ?vhose nal77e?s? isla?'e slr?scri?ed to ti]e ??ithin iI]Stt'?1?Y7etat a??d ae?I?o??rlec?get? #? I??e ti]a# i]elst]elti]ey executed the sai??e iI? i??5?iler'?thelr a?ltilol'1Z?d capaclty?les], and ????? ?? ?l15?]eI'?t?l?il' s???at€?re?s? arl ??? lI]St?'l]1?lel]t the perso?r?s}, or t?]e entity ?rpot] bei?ai?' of?v?lich the per•sor]?s} acted, exec??ted tine i??stl'ument. I certify ??trdct? PENALTY ?F PE?JUi?Y u??der the la??s of #??e state of liforr]ia #??at ti7e foregoing paragrap?? is tI'ue aI]d corr•ect? rTI? nay hand aI]d official seal, Sig????tre afNot?€?? Public ???????? Tho??gl? the data ?elo??? is ??ot re?r?ired by la?v, it ?nny drove ?alc?a??e to persons relying o?? t??e docrir??ent and could preve??t fra??d??lea?t x'e?ttae}????e??t ??this fo????, AP??ZT? CLAIMED B?' ?IN?? C? Itidi?id«?? ? Corporate Dl'f ie?r Tilie?s? q Parttl?i'?S} ? ? ?ttor?Xey_l?r-Fac# ?] Tr«stee?s? ? Guard?a??la?iservator ? Otl?er; Litr?ited ?enera? ?gne?' is rep?'esettting; Nar??e ???'e?san(s? DF ?;?tit???ies? } ss. } before Ine, -- -- , Nota?'y I'?rblic, ?Fx'ita# Name ofNotar P??biic X]?CRIPTI?? ?T A?TTA?CI?Ii1D DOCItI??iENT Ti?lc Or Tyke ????c????e??t Num?e? ??Pages date Of Doc?x?neE?ts 5ig?e??s} QtlYer Tian l?an?ed Aba?re D????11 ??of??3?' 1 ?1????7?-o0ot ?U?13r?1 ???? Sa?#a Aria - 8#ati?r? a?st?i?# i"or?ai? Proi:?rlrna Agri[ 16, 2?1D s?r? Land Aria 2.24 saes ?rodc? ?}pe "€o??nes ?'? 14.b5 u?r3s ? ?E ? 5? th ? a# f3r?Ys rtotat Va?re a e? t1 ' ? ?? _? ?e P # ? 368 3 .?aa ?? ? 1604 ?? 182.T6 44.386 2 ? 554 ? . 8 2? 044 275000 177.42 26.04?r plan ? - S? ? 358 ? ?dtz,5?a 3 sod 000 3o>a 004 ?? ?.? t 4,?5?6 t'? ? ?A?at?? ? 3sa s ?$? ? ss? 000 22? 164.82 7.876 n 2 -Affad? #554 ? ?d12,a ? 4?D 004 2?4fi 040 1G8,OB 5,8{3?b flan 3 - d ? 368 3 ,5$a # 270404 2T0004 7$7.37 3. 5u btata? 45 58 ? ?2b ?? S 27 Q04 268, 181 91.8T 1? ??'y/ Sja?' ?' YyV1RV ?[ ?if5f14G?.g ? ,?`,-?- r.', ?.?5 ? pterr?ms Q fo?ai a ens 8,450,OOD 264,083 X85.32 500.0096 C, DST Q?Sa'?e fists 1,254 40 28.47 i5.159? pia f'e? 35#3044 ?? 938 7.68 ?4.14? GaVer{urren? ?ee~ 960 30444 21.05 i 1, 356 13?? ?:4n 2863 744 617 65;00 35.41 '? ? ? 8 Ob0 4.21 2.?7? t?r8c€ Cis ? ? 2504 1.75 0,8r°? Ca :??? !? j69 ? 5 a? 3.zi 2.0d9R ? fa]ca? ?? ooa ? 50 0.88 D.47? f 28 00? 4004 X81 1.519 ?nsr?r?noe 168000 5 281 3.1f 2a 7 GB 404 5 281 3,11 2,U0? (3Yerh?C 2S3 540 1922 5.68 3.4 Ott Ga «zed 4,154,Y4D ?34,i33 97,33 49.28'1 ?e? a? point 84 500 2 G41 1,85 1, # of Ca a 295 760 7 X82 fi.49 3.5, ?o? Oao;??i?d ?nanttn? F?esllnter?sl TOTAL GOBI ? &At_?S G?O.S$_?,4i??1? 360,260 Tr434F490 1,315,51D 14,433 29,103 42,959 8.?34 15.47 28.85 4,50 84.43"? 15.5x' Co?rr?s?s' Casty 253 544 7822 b.56 3.0 set EJla?ic?#" i28 X60 3 9$? 2.76 ?.SD?a nz? 54 400 i 700 #.i8 4,50 Teal Seili? f GRA ?? 434,690 13,983 9.53 5+009 ?1??? 884,8fi0 28,3x1 49.32 10.5r?s DDC??I1 ???b73??? 3120272-??? ???? ??? AEYEi.OF.'?t?&?C0575 & Ei1(?IBI,E BASiS DE'fFAbit.'3ATI4? S??4t,?ea 5tst?a DEst?ct - PAasp ? • 34 uaF? -10?3#i ?9i ? r3r DevaktPr4Fos?t 1.4 ?eirts? ??ei o?Cat?er>sEa Priofe,? ? 0 at 10.44 Ali 74 ???? rG1G rc?c AC?[!LS[TiOAI ?{335T5 ?? S4 f?5 0 ?.o?s?Cos? 50,[#x4 L? G TONAL AC'Q[??f1#D'.3 ? ? ?_,., Q P?tOF4rSS[a'i?[,?ES ,Lt?`r k F?saer_? #,Op?,090 37G3S x,[?4,0? E?isf ?[0.r{3id6?? ? ? ? ??i?i ?,? 3?7?A?.F???. 3,?7?t?T_ G!,i 4?0?1,Ob} FE?,SAt+kPERAfI15 ??2p,0±'O 140J? 2,2'tG,OG? CO:?IIti:?4? CAST'S ? 0 {?4-4 4 ?? 0 04S 0 Oda ?'? 300,Qt+? 10 SQ?,itiC4 ? -C? F'?, "1'4 2?70,Oti?? 0 S~a ?,? I,??,47p ?G? 1,73+?,OW 1}rrF"as? 3,TJ5,G70 100Y 3775,W4 ?r?? ?? ?a,oca 1i?}35 ?t?,tt? Rcs'dr.?Sstc??ts 7,719??1 1G7? 9,T49,372 4t? Cec?}v 343,f?0 10 3i3t{4] fiacs:era] C?'?CCS ?5,G?2 lD?#s 593,G7? C.tr?alx??ea3 kd?,S±6 1+Xt? d?7,335 C??rFra? ?43?B?d 10ril? 743,84?f ??? 2SS,09b ?(? 259,b9S ???&?Prar??ns 4 ?04?, ? C.ai? Ccs<tr?.y E63,073 3 0 rf ? i ,4i3 R .4? ? r? - 21i.Y1 t"i{,` V ¦ 1 ? Y 14'1 rl tt Tt?f'11L?4NSfRI1L?0,V{'g 1 12 S?3 Lai '4I,7#4,{sd9 Ff?,L?ClitO C ? ? 47i C C?? t 34+4L?? ! 0,1.4 5?1,GUU C??i?d?tf iS,t00 30G4S ?S.L00 ??aLrorrFcc? 1x#,#?? 1?4 122,0}0 C*k?c??peitt???tre?t 504,x! t{L!', 541,tfA ?t-Cars?? #s?srst 3?7?L?7 - G!4 L Fo??Y.t i? t.a? TS,A? 0? 0 ?rit?a? £4? F't ?s 3V,4S? L ?rS 0 p a WA?J ?53FS]W lL9y ? ? y Vi f / y 4 3 C',e1C Fees 97,G?? D°.i 4 :+?a, »-0 C? ? 033 0 IO'FAi,?ti.?'Cfh'Li00$?'S ?4 ? ?R3.#7?L?0 O a 7dS,U00 ???? ? ?`?, F`?xlS d[ Est 23?1,Ot4 lOGlS ,GC9 2?'s?e? ? ?'??? ?a ? t ?ra ? Prc'Fsrt}?7`a?es 25,4} ;ifi 35,Gi?7 5ePt?stC.?`?a??Y 1??? 4 104,pG0 FeArt 45,{00 i?}'?r 4$,65 Accgrrf ?j-a?a 4t?[+70 ?? 3IE?OOx ?? y,?oc?a >?s 7?4,a? C?tslRea;s?es 1 207 ?S 0 TOS'AL??FiC'S 3,20??f! L"?4 xt'?°? ror?€.n?v??roos?s s?a,?lo??so r 533,924,0-i3 ? ro€?, ?uv4?t???1? s'47'i'A1. 8,515 RE?I1CTi?A`F (f?.sra? v?r ?3 ?t?sesF,d3 ?} 10, } t#A 'CO"j'A? RfQC?!][1'?AD11,?S'1? ?.£ BAS S 13,86i,?3 Copt 1u?a a.??r 134 T?A3.?i?DEi1?L?BAS#S - - t7,Sd7,$5+? C2?ks art 1L?'f, rore??v?F?Bs t?,?tsss ?e?l C1 n? Re?e4L,r. b? D rar?,kn?s???u?l?oaa?s ??,?tr,ss? DOCS0?11???6?3??131???272-D0? ? ??L-x1J? ?'lr ??YEiAFAtEiYT C`?15rt5 !Q EGtG}B? ?AStS DETE Rlltt YA'?TO?? +Si 4C11?E` I ,S?ttl4 ?}`i?C1t t?b.?fa tt - ?}t# II1ili1- ? ??.ae 3?1? (?R . Il?l?4FSk?? Prafl?l ?,? ?!?$tL'? t'ofl1?A?l1 Q?{'A?4lAta F3 c? S136f}4 et 1d9?Ald ?S mall; TCAC 7C?i? ?odgrl $i ?tigi?ta EHdha $as#? +??Q?}5}?'i4Y CtiOaS? t l'?ict ?4 ?: 0 o?er?[t.?ca?s sooty o3s o TOF,IL?OQ}O?It?Si'S 34?0? .?;.,,. ...,,..-, b PR4?t0;?tA1. FEES I?a??z? ?3Qis}] It?13i ? ?rPan?e?Ua.31?? h? }p?; ?,4D i0?'AL FR?Fl;O:lJl1, F£FS 7 4? D4; ?? F?ESAItiGPI:[t&iFTS 1,t?04U l f,??[U3 ?4lkSfRl.'G"f}??C?t36? G Usi ? ?'? 4 GSfi 8 a ia?os SQ?404 l?'hS 34?4a7 }' Feu • ? t.3'V? ?? 4 ?F&' 0 1p?79i 8 t$'?%ca's?1t,rtAr?3 I??,9W }p?s+, 7i7,4W RssSrs 3y#3'?b52 1G?'!`a 3,S34,b}2 der Ccaariu?ian 4 ] [ 0 RG? Q? f ,?'}?rx}, I?E? Q ?s ? Ii1C$ry?ri.;a? 3SS,359 t 353,3,49 a?aaa t??,?sa troy ??,? Ce?actt?t?c? i45,}33 ]Up?$ 2A6,t33 at.?r?, 1o?,2rr tox; ?ol,m C?s?rso>3?}Pr o }??# a ??? ????? ? 3?? ?-?•?a?c a ta?,? ? _ -? ? ? _ c ?c ?r?c a } ? ????S?Y?l/i???? #,t???? _ _ ? _ fy,S?5,155 iG iiy{!l11C aI?V 41?713 ?! t,?$1 * ??? ?? ?? fkas?sm 35?7,L43 3L?ifi 7i4,4L?0 C? Lc+3d Facts 63.i{? } W?? W,4Ci} 'dw?{x3P?aiodL?"C#cst 2?77,t;? 144'x' 247,G44 ??? k?;?[e5t E4?.?1 0!; 0 f Gr.??rt I,C?G?sb 7?,f?} GTi 0 Past !mss Fats ? 3,?C'4 ? G Eicnd ksta?ce a 4 #K 4 rcacr?., s?,a?a osi a ±? a ?i ? IDTAL r?A'}3 CxJSI'S ],33 ?} ?'i 1.G?i,?:?0 OI}lt<l? C?5'FS ?`p, F's k €.?ss?? 0 Its l1 14?,f{?] OK 6 ??; 1L?W+3 34}'0 :+?3.r?W FtopeafyTsRZ? 20,4+50 35 a }?,{{r} Salt Cu# ? r?eac?r lOQ0?74 } 4`?i'? ?D4,{?U A? ??y?? }(I? ??? ???h?)?? ? ??? (?R?IC?? ??,? ??n ?},t?? Dttr:?p4ar Fc? 754,C?Q 4355 ?+1.000 TCffA1.4FF?R[aCS35 _ ?15CZdS? 04I ?,712,3?J TOT,4I,DEYF3,p,7'OaSTS 5l2,G?,245 SII,Bl3,235 E ?{kTAI. ?iB?I.6 p??5 i QYAL &i ? S ttE a[IG7i4?} (Ar.?t c?# A?.y`?'ad i?iai?d ld $sss ) (4,4S??:ip? Y?ru, ?s€? o ? ?,?sts rt?,?s teos??reana }3 '?VFAL ?4DNS'?€pt?G.BI.E ?,lSl3 9?' 3S,i ?2 A? " Frac 1403 TO'FJ4I.Q?hi.[FfEI? B,?5E5 9,33i?132 T 4'e? lao ?fri ? f0?',?t. ?d[ISTI:17 ?I3?LIFIID B!?5S S 9,355,13 D OC???114???73?? 131???7?-00? 1 A 1 TAC?iVIE?IT ?• ? ??A? 1'l3i project Description ?OP? ??` D?V?I???'M?1?iT Tl?e Phase ? project ca??sist of ? far-sale s???g1e fan?il? l?on?es inclt?ding ca?nbinatian of attached ?;o? ??o??es and ?l??le fa?n???? detached llo??sf Tie de?elo?n?ent ??11 lie con?tt•??ete oil ?.?? c??re? OIl lx scatte?'ed sites ldent??ed on the lte ?? as cc??t ?}ay `??at ??sx ?`?4t #s? ?at ???x ??f,at ?," and "Lat F," Dt?e ??nit ate each a? bats A?>? ???i11 ?]e rese?•?ed to ?e affordable to a Moderate i??ca?ne l?at?ebu?er? The Moderate I??ca?r?e ??nits mill be deed restrlcte?l for affordability to ?uallfied hotnebu?er+s. Tire ?'i?ase F pra?ect is designed as ? stark ?•o?? ixo?r?es ??si??g at-grade ??TaOd frat?e constr??ctiat? with X11 parl?lt?g pra?ided ors site in detael?ed garage struct??res at?d ? story single fat?il? detached hates ?sir?g at-g?•adc ??ood fra??e canstruc?ian ??itl7 all pa?•king provided ot? site its detached garage structures, Parking ?s provided to satisfy tieq??irements of the Transit caning ade? ?'ofer?tial Acquis??ians 911 Bro??n, ?a9, G04, and ??? ?, ?lftl7, a?xd ??9 a??d 4I i M??iter lave bee?? identii red as potential additions to the Phase F project l?auld the Ae??c? ac?ulre or gain car?froY of a??y o?• all of these parcels ??itl?i?? tine timefra?ne contetriplatcd b? tl?e Agrec??ne??t, de?elap?r?ent ??ould be expanded to inclEZde Grp to an additional ? reside??tial u???ts ???]cl???lta code required 1?arkin? an by e?pai?dir?g tl?e Phase P design co??cept auto the additional pareel?s?. igr?s All sigt?age an the premises shall lie designed to meet applicable zoni??g caries. arl?iscapitig i'raject la??dscaping shall be des?g?1ed to ?x?a?irt7ize appartut?ities far an-site tottrl mater detention in areas not r?tili?ed far b???ldl?igs, drivo?vays and parking. >.?andscape elet?e??ts nay inclr?de pla??te?•$ tee;races, trees decorative ???al?s, sc?'eenit?gs a??d pa?it?g e?e??e??ts, ?'lat?ted areas mill be e?l?ipped ?vith pernlai?e??t ?vater sp?'inkler s?stet?s to ensl?re proper ?r?ainte??ancea in additio?? to landscapit?g? Got?man open space is to ir?cl€?d atnet?ities such as barbeques, benches andlar enhat?ced paving, ?vhere pl??;sically feasible Fit?allandscape plan is s??bject to Agency ?+evi?v and approval, ATTA?M?NT N?. 5-? D?CSDII ??D??3v13i?4??7?-?0?! U?ili?ieslPub?ic ?n?p?`avemerits ?e?eloper• sl?ll be responsible for uti?ty relocation or installation on tl?e prernises ar?d lookups to sewers, drains, water and gas difr•ibutier? Iir?es, electric, telephone and AT?I lines, and for• hookup fo all other public ?rtilit? lir?es? Tl?e project will include curb, gutter ar?d side??alk replacel?ent around the pe?•rpher?r of the project site wlere r?eeded and all ?recessar? dedreatrons ar?d irnpro?rerrrents to establish 17?' x ?7" corrier• c?ltoffs at?d ??heelchai?k ratr?ps at street irtterscc?ions, The project shall also ix?cl?rde installation of and r?eeded water laterals as well as sewer irnproven?ents as re???ired b? tl?e Land [use ?rrtitler?ner?ts. ?zstainabitit? Tile Phase ? de?eloprne??t si?aii be des?t?ed to acl?ie?e a edified L?i?D level of des?g?? and canstrrrctior? as esfablisl?ed b? the Green ???ilding council LIED #'or ?ornes program, Tl?e LEEi? for ?on?e prograrrr will ins??r•e; ?rldoor? En?iror?me??tai Quality -the l?ornes are designed to rnai?nize fresh air it?doors at?d rnrnrmi?e exposure to toxins a??d poll??tants; ?t?er? Ef?icier?c? -the hornes will «se less ex?erg?r through the life of a Douse; water ?f?eier?c?r I?ort?es wrll use rr?no?atr?e strategies to reduce a Dome's water use acid to end creature wa?Fs to r?e?zse water; bite selection -the l?o?nes are close to schools, swopping, ?vorlC and triat?sit; bite ?e?eloprnet?t ?- ??o?nes ??iII avoid destr•rrcti?e construcfiot? practices and iaa?e landscaping and other elemer?ts that prefect tl?e la??d wi?ere the hone sits; Materials ?elecfior? ? l?otnes ???ill use r+esponsibl? obtained rnaferial e?er???I?er•e possible; Residents Awareness - l?ornes will star?ds as a?? eatr?ple to tl?e com?nunit?r of a well-b??ilt Lorne and e??co??raes others to lire the same; and ir?r?o?atiox? ? ixanovations ??ill be ?rsed to increase a l?otne's peri?orn?ance, taking into account local and regional needs at?d prorr?oting d??rability for a long-lastrn, com?'orfable borne, ?t?cllyded I'cafu?•es • Stainless steel ender-co??nter ?itcben sinl? ? Tile kitchen countertops i?itcben + Delta fa??cet or eq?ral ? Phone lrrie ? 113 lip garbage disposal Appliances ? whir•lpoal Sfainress teellBlack package ATTA??Mi?NT ??. 5-? ? t?ndard ??? system • clilae it?ter'iar chrome ?rard?vare or equal Thro??l?out ? Dual glared ?o??w? ?vinda??s ? Standard craf??ne?i stile niaPle cab?rlets tr?rallglla??t ar` egl?al ? ? 2x r ? t?I at ?Iitl'? ? ?ner'g?"ef?cre??? ??ater ]eater ar' ? ? ?xter'lar ? Rain gutter's at fr'ar?t • tzida?`d ar`a ? char o ?I??I"S ?'?lt?? I'?rna??? P P??nil?? Room • Plio?le data cable lines eeaticlar? Bell"aarns • Photie Idata c sabre li?i?s ? ati • Plberglas trlblslio?ver combo • . . ?1ltr?re ?ila?ible ?n vanity ???L ?? ??'OjeCf ?e?CI'1P?loll The Phase Rl Project cor?i?ts of 7? multi-fa?n??? res?de?itial units designed to Provide a??'ar"dable ?'e?ital ?la??sin for fati??l?es, ?vrth one Lrnlt reserved for' a fill-tirn?, orr-sate ??'ape??ty nianager. The deveapnient mill be constructed orr aPPra?itnatl? x,44 acres on the block bo???ided by atita Ana Boulevard r?ac? Str"eet, Sitli t?'eet, and Nrinter Street. All urirts rn Phase Rr ??Ill have long terra affor"dabrlrt? co?er?a?rts ?'estricti?ig tenanc?r to qualifying hauselialds. ?r? addltlan tD the I'esidential units, t?Ie Pr"o?ect 1rlCludeS arr-slt? I?a?rageme?it offices, lnte?'?ar r'esldellt cornett#t?lty space acrd gro???id Boar retail on the canner of Lack and sixth Streets A por"trori of file cornrnurrlt? space mad be nude available for child cafe cans?stent ?vltll the ter"rns of file Agz`eeniet?t, Tile Project is desigr?ed v?ritl? an intet4ior, at-grade pa?'ki??g Podir?m that is ?vraPPed ??ith t4va-stork to?vnhornes along the rnajarit? of the street fror?tage. Additianal to?nhome ??t?its are aI'r"arced atop the podium a?'ot?r?d itite?'?ar color"turd spaces, The ??'ojcct will ?ncrrrde ?3 3-Bedraorn acrd 51 ?-?edroorn units. Residential harking will be located ?vitliin file at?rade podirrni, arrest and retail Parking is Pravrded arl site at g?'ade along sixth Str'eet? Ali Parking rs provided on site in ?`atios that satisfy the requirements of the Transit ?or?ing fade. ATTAPIMBNT ??, 5- D?C???1? ???673v? ?1??0??????? 1 ?O??Ilfl?l AC(?LL1S1f??11S ?a9, ? 1 at?d ? 17 fast ??? Street, tl?e Seg??ra Properties have been included tl?e Phase l conceptual site plarl, ??? , Slxtl? Street is the only property ??ith?n tl?e city block cot?tatntng Phase ?l that is ??ot at the time of this Agreement rnclude. rn tl?e Pllase R? de?elopn?ent, Sl?o??ld tl?e Ager?c? acq?rire ot• gain control of this parcel ??ithin the tirnefran?e conte??npiated ? the Agreement, the parki?? a??d site lat?dscapi??g ?r?ay be reGOr?figured to integrate the site ir?ta the site plat. ??erall de?eloprnent pr'ogr•ar?. atld parking rattan ???a?rld not be affected by this re?arlflgu?'?tran. SIIIs All inage o?? tie p?•ex?l?ses shall lie destgt?ed to meet applrcable ?or?rng caries, Laildscapi??g Project landscaping shall b designed to r??ax?nx??e oppo?•t?znities for• ors-site storh?4?ater detention its areas hoot utilised fat` b??lldlrlgs, dr;iveays ar?d parking. ?and?cape eletrrent trta? inef??de planters, terraces, trees, decor'ati??e ??'alls, screenings, barbe?rres, berlclles? at?d pa?i??g ele?r?ez?ts, Planted areas ??ill be e??ripped ??itl? pertrhane??t ??ater spr4i?lkler systen?s? Pir?al latldscape?a?rtdoor rnenity plan will be ltbjcct to Agency ?•e?ie and app?•o?a?? U?ilities?Priblie ?n????raveme?l?s Project will include utility cannectiot?s and hookups to se??ers, d?'ai??s, v?ater and gas distr•ibutian lines, electric a??d teep??one lines, Tl?c project v?rll rr?clude curl, gutter and sidewalk replacement around tlxe pe?•ipl?ery of tl?e project site ??llere needed and all ?lecessar•y dedications and it??pr•o?renlent to establish ??" x I7" corner' cutoffs and ??heelcl?aiti ramps at street intersections, Tl?e pra?ec? may also rr?clude se??er, street, at?d ??ater trtait? inlpro?rehents as required ?y project Land use ?t?titleme?ats? Alll??llf??? Tl?e project ???ill l?a?e an an-srte residel?t ?nanaer? at?d proper+ty ma?aage?ner?t offices arl site, It will include a co??nr??zx?ity roozn atld ors-site laurrdr•? facilities. Multiple courtyard areas ??ill be prodded as co???mor? o??tdoor• space atop tl?e p?r'krng podium, ?r'aund floor' units ??ill have stoop?porch areas oriented ?o tl?e street. Public at•t ??ill be p?•o?ided eitl?er• onsite or• offsite corlsrstent ??rr?lr the ?er•r?s il? tl?e Ateemcnt. ilf2?lllc????lt? The project ??ill incl?rde se?e?•al key s??statna?brlrty Features to errs?tre efficient use of natural reso??rces, These may irlclude use of mater ef?cter?t fixtures in batl?tiaa??s at?d kitcllcrl, use of lo??? ar• rro-?0 prin?er•s, sealants and adl?iesives, rtsc of natural ?e??tilatiorr ??l?ere Feasible andlor' use of recycled b??rldtng t?.a?terials, ATTA??NT N?. 5-4 DOaC1? ???6??v1?1??0?72-??? 1 ?IY?I11?I?S Tl?e ???aje?t ?vill co??t?i? tl?re ?nM?ate ?a?zt?d?'Y fac?lit?es ?o?e fo?? each of th?i?e catter?d ite??? ???oject ?'elde?lts ???111 lave access ?o the cammt?n?ty raom ar?d ??? pr?a?at??Y?in and se???ices p?iavided its tl? ?'hse ? 1 de?eloptr?e??t? ??t ??ill l?a?e indi?id??al pa?`hes??atios fo?+ pti??rate ope?? space ?s ??ell ?s landscaped and ha?•dscaped common open space a?•ea an each of the th?•ee sites, Public ark ???ill be pra??ded eitl?er o? site a?? off site cat?s?stent ??itl? tl?? te?•tn its tl?e ?gteen?ent, u??a??lahriit? T??e project ??ill ?nelude se?e?•al key sustainabili??? feat??res ?a ensl??e efficiel?t ??s? ?f n?t??ral resau?ices. These mad it?cl??de l?s of mater efficie??t futures in hatl?ra?t? ar?d kitcl?ct?s, ??se off` la?? or 1?o??? prime?•, sealat?ts a??d adhesives, ??s of nat??ral ?et?t?lat?o?? ??rhere feas??e ar?dlor? arse of ?•ec?cled bttildi?l mate?{ials, ?TTAHE?T ??? w? DOCaCII ???573v? 3???0?72-?00 ? L1TT1`1H.?:fNT NIJr This docrrrner?t is e?e???pt f?•nm the payr??er?t ofa recording fee purs?aarat to Co?erntnetlt Cade ectia?? ?7?3, R?L?A? ??` CON?TI??CTI?N C??ENAN'? Tr?is ????A ??' ?NTRCT??N ???NANT ?ti?e "Rereasc"? i? rnad? as of _ , 2D! by tine N?UNIT?' R?????I,??i1??NT A??N?`? ?? T ITS ?? SANTA ANA, ? pudic body co??porate at?d politic the "Agency"?, ire fa?o?• of belo??. ?tfle "De?eroper•"), as of tree date set fartr? RECITAL A, Tree Agency and the Developer base e??tered into that certain Dispositior? and .. De?erop???er?t Aree?i?c??t ?trle "DDA"} dated ::? ?? ? ?.: ? ?, ; : ?? ? ? : ? `? ` ', ?0 i a, cotice?•??ing the rede?elap??xerat of certain reel praper?y situated ire tl?e City of Santa Ataa, Califor??ia as rna?•e fi?rly described iI? Exr?ibit "A"attached hereto and i??ade a part l?er•eof. ?? A r?eferer?ced lr] ectro?l I? of tree DDA, the Agency is required to firrnish tree Deveraper• or• its s?rccessor? ??itrl a Release of Construetian Ca?cr?ar?ts upon completion of cNStructiatl o'the De?reloper Irnproven?ents has defined in ectiori 1?0 aftlae DDA}, ??hicr? Release is req??ired to be il? such form as to perr??it it to be recorded its tf?e Rccorde?•'s office of ???ane Co??nty. TrYis Release is conclusive detern?irlatior? a?` atisfactot?? conlpletia?? of tl?e cor?structior? ar?d de??elop?ncnt required by the DDA ar?d the grant Deed. Tlae Agency leas co??clusively detet•xnir?ed that such const?`??ctior? grad ?lcvelopr??c??t has been satisfactorily cor??pleted, N, T?ER??'?RE, the Age??cy rxericby cer?if ies as folra???s: 1. Tl?e Dc?elope?• I?nprovements to be constr??cted ray fhe De??eloper ??ith ?•espect to ?l?ase i?a??e been furry ar?d satisfactorily co?npleted to car?forma??ce with the DDA. ?. Nothing cantai??ed its this instru?nel?t shali modify in ar?y other ?vay any otl?er• p?•ovisions ofthc DMA. A7TAC?IENT N?, ? D?CSaCJ14?0G7???1 ??????7z-??? 1 ???r?a????? dock beir?s a?? fa?Ia?? p?e? DDC?CII ????73??112??27?-??? ? above. ?.?N?; ?MNIT? It?D???L,?PN?[?NT A?N'? ?F THE ?T?' ?F N?? ANA, a publ? ?????, eorpora?e ar?d poli#ic 1??: ?y??t??i ?, ?e?sor? Exec?????e ?trecfo?? Nf??•?a 1]. >`I??izar'? perk of??ae o????c?I A?PPROVE? A T? F??: f?•adl???g ?acc? ?r?san . Ra??f?, Ag???e? pec?a? o??risl YN ?'?N? H????, ???? ?,en?? ??? ?xecut?d ???is ?ete?se ?s of ???e dale set foa•t?? E>????'? ?-3 DQ???I1 ADD???? 131????7?-???1 ????? EXH?B?T A T? AT7'??.?N'? ?? ? ?OC?DCl1?I??b73??13f??0?7?-O??l TA's ??' A?.IFORNIA ??UT? ? On persot?all? appa??ed ?vilo ?]1•??eci ?o me ?t7 tl?e b??is of satis?'actory evidence to be the perso???} ?vllose n?t??e??) ?Slare subscribed to ?l?e 4vithin instr???r?ent and ac>??o?vledged to me teat l?elsheltl?ey exee???ed tine s?t??e its l?isll?erl?heir authorized capacity?ies?, at?ci that by i?i?Il?e?•I?i?eir sign?t????e?s} o? the inst?i???nent ?l?e persot???}, ??? tine entity ???otY behalfof?vhich tl7e per?o?l?s? acted, executed the it?sta{u???e??t. ? certif?f ????der PENAL?'Y ??' ?'??JR? under tl7e haws of the state of alifor??ia that the foregoing paragrapl? i? t??ue and correct. ?Ti?? ??y 1»??d a??d o?`ficial seal. Signat?l?e afN?tar?? P??blic ???????? T??otig?? t??e data beto?v is not re????red by ?a?v, it ???ay prove v?ll?a??? to persol?s r?lyit?g o?i the duc?i??]e?]t tad eo?ttd prevont fra??dule?lt reattac??ment oft??is dorm. ?APAI't''?' ?LAI??11D I3?' Z?N11R ? I????vid??al ? ?or?aarate Dff cer Ti??e?s? ? Parttier?s} ? ? Attorltey-It?yFact ? ?'rustee?s? ? Cuardia?l???tservator ? ?t??er: Li???ited ???e?•?l signer is representing; Name 0#"?crso:??s} o? ???i???i?s? ss. hefor•e one, , Nota?'y Public, ?Pri?t Na?ue of?o?a?•?r Pb?iG} ?E?t#'TII?? ?T ?T'I'?,???D D??ri?i?T ,.... - - 'r?t?e Or T}ape O?D?c?t??te??t N??ri?ber O?Pag??s Date ?fDoc???1?e??ts ??g?er{s} Other Than ?a????? A????e DOCSOC?I???G73v1 120??7?-??01 ????iY1L' ? 1 ?? 1 RE??IIN REi??STED BY, ? ??I? ?? Rl????I? MAIL ?ro ? } or?utrit?r Redeveloptnetrt Agency ) of fhe ? of Santa At7a ? 0 Civic ?etrter Plaza ? Santa Anaa alifarnia ?7?? } Attu, ??ecrttive director ? Tll?? dacrttrret7t rs exempt fronr paytrrent ofa recardit7g fee prtrsrtanf to avet•trrrrent Code Sections X7383 acid ? ? 03. T??S RULATR? .. ? ..?::. ::??`? ?`, X010, ????? ??' THE ?`?Y ? t «Aetxc????, at?? ?L??LA?'?1??' A????ViE?T ?.?.??NI??T the "gt'een??tlt"? is entered into as of ?? and between fhe ??N??? RED?'??L?P?I?'? r SANTA ANA, ? p?rbiic body, corporate acrd politic the ?tl]e iG??????pe?•77?? I?ECITAI?.S ?. Developer lras ac?rtired from the Agency certain real property loeate? ???ithir? tl?e it?? of Sat?ta At?a, as parttc??larl?r described ttr the legal Uescr•iption attached l?ereto a Exiribit A, ?vhiclx is incor;parated ?rer•ein bar reference the "Site"), ?. Developer desires to constr??ct a n?uitifatrril? affordable l?ortit?g de?reioprnent, ............ ...... ?vl?icl? will eon?ist of a trrit?i?????r? of ???: snits the "?-?ousir?g ?'roect'?}, at?d. to t?rake available at?d ??et?t tl?e aparttr?etit ??n?ts 4v?tl?it? tyre ??otxstt?g Project the "?ousit?g Ut?its?} to e?tretrrel? at?d very low ?ncorne persons at ate affordable retrt? Tire Hausitrg Project is sometimes referred to hereitr as tl?e "P??o?ect." ?, developer and A?ge??c? have et?tered into a Drsposttiat? at?d Develaprrretit Agreett?ent ?tlze "DMA"} dated as of ?:? :. ??? ? ? ? ? ? .?.?::.:.?? , 20 l ?. S?rbject to tiro tea?tns and C??1d1t10?1S tllerelt?? tl?e ?]eveloper lras agreed to acquire the Site and construct and ope?•ate tl?e ?o??sing Project, the Agency has agreed to provide fit?ax?cial assistat?ce to Developer, and the Developer has agreed to r?rake available and lease all of the Ha?r?irig L?rrits to ??tre?nely arid. Ver•?? Lo?v ?ncon?e ?auseholds, all at an Affar•dable Ret1t has those terns ar•e defined hereirl?, Tl?e eecrrtion acrd r;ecord??? o?this Agteemerrt is a ?•equirernerit oftire D?A? N?, TH?R?"0, tine parties l?ereta agree as fallo?vs: ?. umbct? of ?fl~orc?abie ?enll Uzzi?. Developer covenants and agrees to n?al?e available, r?etrict occupat?cy ta, and refit the Rental knits at arr affordable rent pur?atrt to Sectiotr 5 below, as folla???s; AT?'A???II?T ??. 7- ? DOCS??l1 ?00?????13i2?0?7?-???1 ??) __- } ?? the t??o ?2} bcdroon? Rental Urrits ire Please ? 1 to fiery Love rnco?e Households at an Affo?•dable Rent; t??enty ??? of the t??o ?2} bedroom Rental grits ?n Phase R- to fiery Lo?? Income Households at an Affordable Rent; fib} ( of tl?e t?vo ?2? bedroom Re??tal Units irr Phase R-I to Extre?r?ely Loup Incon?re Households at atr Affordable Rent; fire ?5} of the two ??? bedraonr Rental Units ire Phase R-? to Extremely Lo?v Incotne ?Io??sel?olds at an Af?'ordabe Rerrt? ?c? ?} off' the three (?} bedroarn Rental U???ts in Phase R-1 to fiery Lo?v lt?cox?e Households at an Affordable Rent; nitre ?9? or the three 3} bedroom Rental Units In Phase R-2 to fiery Low Income Households at an Affordable Rent; ar?d ?d} _-- - of the three ?} bed?•oon? Rental Urrits in Phase R? 1 to Lxtrernely Lo?v Income Ho??sellolds at a?? Affordable Rent; t??xee ?3} of the three ?3? bedroo?rr Rental U??rt rn Please R-? to ?xtrernely Lo?? rr?can?e House}colds at an Affo?•dable Rent, ?? ?trrativr? of Affox•dabilit? ?eq?uircrnez?#s. Tl?e Rental Urrits shall be s€?bject to tl?e requir•er?nents of this Agr•eernent ?Foz? tl?e later of ?1? fifty-fire ?5} years from the date of tl?e pity's lssuatrce of a certificate of occ??pancy for tl?e applicable Phase or ?ii? repayment itr fill of tl?e Promissory dote has defined i?? the I?I)A?, electloir of Tez?ax?ts. The I)e?eloper• shat} be ?•esponsible for tl?e selection of tenants for the Rental units irr corrrpliat?ce Zvi#}? la??ful acrd reasonable criteria, as set fot•th iii this Agreement and tlxe Management Pla?? ?vbic}? is r*equired to be sub?rritted and approved by the Agency pursuant to eetior? 9, ?, Household ?rrcoxx?e Re?uiremen?s, l?o??o??it?g the initial lease-?zp of tl?e Rental Units i?? each ofP}rase R?l at?d ?'l?ase R-2, and a?rtrually tl?e?iea?er, the De?eloper• shah s??btr?it to the Agency, at tl?e l?e??eloper's expense, a summary of the income, hol?ehald size and rent payable by each of t??e tet?ar?ts of the Rental Units of s?rclr Please. At #l?e Agency's request, the Developer shall also provide to tl?e Agency completed it?co?rre computation ar?d certification forms, ire form reasonably acceptable to the Agency, for at?y slxch tenant or• ter?a??ts? The l?e?eloper shall obtain, or shall cause to be obtained by the Proper?#y Manager, a certi?icatiot? fi?otn each household }easing a Rental Unit den?or?strat?n fleet such hoc#sehold rs a fiery Lo?? Ir?corne Horrsel?old or Extr•etne?y l?o?? Income Ho??selrold, as applicable, and meets the eligibility requiretnet?ts established for• tl?e Rental UnitF The Developer shall verify, or shall cause to be ?eriified by the Propex?#y Ma?raer, the income cep*tification of the ho??seho?d? ?. Affordblc Rent, The tnaxirnurn ot?thly Rent chargeable for flee Rental Units shall be at?trually deterrr?ined ire accordance ?vith the follo???ing r•egt?i?•ement. The Morrtlrly Rent for the Rental Units to be rented to l?xtretnely Lo?v Income Households shall not exceed the req??ire?nents of TA acrd the Monthly Rent for the Rental Units to be rented to ?erY Lo?? Irrcorne households shall not exceed the more restr•rctrve of ?1} TCAC or ?ii? the arnou?rt set fot?}? in ectio?r 50o?3?b}?2} oftl?e California Health and safety bode, For purpases of this Agreement, "Mon#l?ly Rent" means flee total of monthly payments charged to at?d Paid by tena??ts or by ar?y other source ?e•gf section ? vouchers for ?a? use and occ?zpa??cy of each Retltal Unit at?d land acrd facrlrtres associated tl?ere??vith, ?b}any ?o?????1???????'1 ????????-???1 ?T?TAI-DENT ??, 7-? separately charged fees o?i service charges assessed by the Developer ?vlaicl? are r•e?uired of all tenants, other than security deposits, ?c? ? reasonable allo?vatrce far arr adept?ate level of service of utllrtles not included in ?a or• fib} above, including garbage collection, se4ver, ?ratet', electricity, gas and otlrer• beating, cooking acrd ?•cf??iger?tion f?rel, but not including telephc?re service, and ?d}possessory irrterest? tapes o?i otl?er• fees or• charges assessed for use of the la?rd a?ad facilities associated the?•?vitl? by a p??blic o?? p??ivate entity otlreri tlrata the Develaper, err the event that all ??tility charges are paid by the landlord ratller• than tl?e terrarrt? no utility alle?vat?ce shall be deducted fron? the rent. "Monthly Retrt?? does not include optional payments ?y terra?rts for optional services provrded by tl?e Developer or• the Prope??y 1Vlar?ager•. ?. ?cc?ipax?cy Lirrrits, The ??axi?nurn occupancy of the Rental Units shall not ea?ceed rnor•e than such rrr?irrber of persons as is eqt?al to tl?e su?rr of the nt??nbe?? of bedrooms irr the f?nit, tr???ltiplied by t?vo ?2}, plus ogre ??}, l?or• the t?vo ??} bedroom ??rrits, the n?a?i???u?tr occupancy shall ?rot exceed five ?? per'sons. For the three ??? bedroorn units, the r??a?i?nr?m Deer?patrcy shall not exceed severs ?7}persons, '?, ?Iarke?i?rg Progz*artt? The Develope?? shall prepare acrd obtalt? Agency E?ecutrve Director;'s apps+oval, ?l?ich approval shall riot he ?rrr?easotrabl ??ritl?l?eld? of a rl?arketi?rg px•og?•at?? for' the leasrirg of tl?e Re??tal Urrrts u+rtlr??? each Phase ?tlre "l?arketit?g Prorarrr"}? The leasing of tl?e Rental Units shall be rna?•keted in accor•darrce ?vitl? tl?e approved iarketi?? Progratrr as the salve ???? be anrerrded frot ttt?lc to tirlr? ?vrtl? Agelrcy E?ecutrve Drr•ector?'s prior' ?vr•rtterr approval, ?vlricla approval shall Trot un?•easonably be ?vitlrlreld, Tl?e Developer shall provide the Agency ?vitlr pe??iodic reports ?vitlr r;expect to the leasing of the dental Units The l?Ia?'l?etin ?'ro?•arrr shall corrtairr a Lottery and fait Listl?'refererrce List for• i?ritial lease-up errly, The Develope?? shall be responsible to organize, clred??le and coordrrlate a lottery drawing to select potential to??at?t for the Rental Units folk initial lease-up only, ?vhicl? shall be opetr to tl? public. The lottery shall take place not less tl?a?? 9o days prior to cor?pletio?? of the applicable Phase of the Rental Urrits, Preference in the lottery, so to?? as trot irrcorrsisterrt with federal and Mate la?v ?inclr?ding, without litnitation, all fair housitrg laws, rules and regulations}, shall be given as follows: ?l} Arry persons ?vho have beery displaced fro?r? tlreir• residences due to p?•oratr?s or• projects imple??ented by the Agetrcy 4vitl?in the Station District; at?d ??} ?ti?er lrouselrolds ?vho dive or work rrr Sarrta Ana, Subject to all fair lro??sin laws, rules, and regr?Iations, all categories shall receive pr'cfererrce irr the or•de?• listed. The req??iretrrent of this Seetiorr X01.7 shall only apply to the extent that the n??rrrber of applica??ts for Rental Utrits exceeds fire n??mbe?? of Rental Units available fo?? lease r?po?? rrrrtral lease-up? Por; fire purpose of the lottery da'a?ving, the Iotter•y will be divided by those ?vlro have claimed a preference acrd those ?vlro do trot, All lottery fo?•lr?s will be drawn a?rd nun?ber•ed to create a complete list of alternate applications. The Develope?• shall provide ?vr•ittetr notification to lottery pa??ticipants inforrnirrg tlxern of the results and tlrei?i prioriity nurrrber•, This priority nl?mber represents the order with ATTA?.I?NT ??, '1-? ????? ?? ? ????'???' 1 ???????????? ? ?vl?ich prospective tenants will be reviewed far ?rral detertr?inatian of eligibility. If ? ha??sel?old mho vas selected claitned a prefere?rce but could not verify €?ch preferelrce, then that par"trclp?nt will be deemed ineligible acrd tl?e x?ext selected part?c?pa??t ?vrll lie rrotl?ed? S. ailYte?zax?ce? The Developer shall mailrtain each Phase of the Rental Portion of the Project, ar ca??se same to be rnaintairred in decent, safe and salrit?ry rnat?t?er, al?d in accordance ?vitlr the stalydar'd of rnaitrte?rance of affar'dable hauslrr apat?#ment ulrrts ?vrtlrin grange ourrty, California, ?f at airy time the Developer" fails to rnairrtain each Phase of the Rental Poi"tio?r of tl?e Pr"oject in accorda?rce ?vitlr this Ag?•eerrrerrt and s??cl? corrditiolr is not corrected ?vrtlirrr eve ??? days after ??v?iitten rratice fi"om tl?e Agency ?vitlr respect to graffiti, debris, acrd waste material, or thirty X34} days after' ?v?"ltten rlatlce franc tl?e Agerrc?r ?ti? a•espect to general rnarnte?rance, landscaping acrd b«ilding improvenretrts, then the Agency, lIl addltrorr to ??vl?atever remedy it Ir?ay lave at la?v or' in equity, shall have tl?e right to etrter upon such Phase alyd pexkfartr? all acts and ?vark necessa?'y to p?'atect, l?rai?rtaitr, and preserve the such Phase, and to attach a lien ??po?? such Plrase, ar to assess such Phase qtr the an?outrt of the expenditures arising fi?orn such acts acrd work of pratectian, nraiiitenairce, and pr'eser'vation by fire Agelrcy airdlor casts of sricll cure, including a reasonable administrative charge, which ainourrt shall be promptly paid by the Developer to fire Age?rcy upon dei?.and, 9, r?agclnell? Plan; P??ope??ty N?irager?ex?t. Far each Phase of the Dental Poi?ion of fire Pz'aect, the Developer shall submit for fire reasorral?le approval of the Agency a "Ia??agemerrt Plair" ?vl?icl? sets far"tlr iii detail tl?e Developer's p?•opei"ty rrrarragen?t?t duties, a teira??t selection process and crime pr"eventiai? prograi?i, fire procedut+es for' the collection of rent, the pi"oced?xres for' evictiarr of teirants, fire miles and i'egulatiarrs of fire Rental Pardon of fire Pra?ect gird Ina??ner of enfar"cement, a standard lease fa?•n?, an ?peratilr B??det, the ide??tity of tl?e tr?at?aer' of fire dental Fortiori of the P??oect ?tl7e `iProperty tanager"?, aiad other i?ratter's relevant to fire rrrairagei?ent of the Reirtal Po?•tian of the Pr'ojectt The rrianageinerxt of the Reirtal Portion of fire Pra?ect shall be in ca?r?pliance ?vitlr tl?e Nlanager?ent Pla?r which is approved b? the Agency, Tl?e Agency lrer;eby approves Related l?Ianagement oi?pa??y, ?.P, as the P?'ope?'ty airager for each Phase ofthe Rental Par~tion. If the Agency deter"rrliires that fire perforrnarrce of tl?e Praperty Manager as to a pat"tlc??ll" Pi?ase is deflclerrt based upo?r the sta?rdards set forth irl the l?anaget?rerrt Pla?r anal in this Agi"eerrient, the Agenc?? shall provide notice to fire Developer of suci deficiencies, .ird tl?e Developer shall use its best effai'ts to caz•t'ect such def?cie??cies. ?n fire event that such deficiencies have riot been cured ?vitlrirr the tln?e set f0i'th iii Section 5?1, the Agency shall have the right to r;eq??ire tl?e Develaper• to ir?meditely retnave and replace the P?'operty a?rage?? fa?? such Phase ??vitl? another property Manager oi' property ?rianagernent company ?vhiclr is reasonabl?? acceptable to the Agency, ??hich is riot related to or affiliated ??itlr the Developer', and ?vlricli lras not less tlrarr five ?? years experience in prapei'ty rnairage?r?et?t, including significant experience managing lrausiirg fac?lit?es of the sr?e, q??ality and scope of the applicable Phase of the Rental Portion oftlre Project, ??? M? aliifar'rllg axed Recar•dl?eeplrrg? Throughout the Affar"dabilrty Pe?•iad, Developer' shall comply ?vitlr all applicable recordkeepirrg and Monitor{ing requi?'et?ents set fot•th ire Health and Safety bode Sectioir 3???5 at?d shall annually ca?nplete and submit to the Agency a r"epor•t, pa?ior to ?anuar4y ath of each year", for each Phase of the Rental Partiotr ??lrich i??clrrdes D?DCJ1??D673v? 31????7?-???? ATTAHM.ENT ??, 7-4 the Warne, address, inco?ne aid age of each occupant of a Reel#aI Urri#, the bedroorrr co?in# and Monthly Rent for such Ren#al L?t?it. The Agency agrees that the Developer nay sl?bini# reporti??g forms prepared ar?d suh??titted ire coi?i?ectian Zvi#?? any a?l?er sltn?lar r+epoltirlg 1•e?uii?einent, including reports prepared for tax credit cor?pliance, to the extent those fauns contain the ir?forrnation required hereunder. Repreel?tatives of tl?e Agency shall be en#itled to i?#er each Phase of the Rer?tal Po??tioi? of the Project, upon a# least seventy-#??o ???? l?au1•s prior ?vri#ten notice, to mor?itor coinpliance ??ith #his Agreement, to inspect the records, ar?d to cond?rct a? independent audit or inspection of such records, Tl?e Develaper? agrees ?a cooperate with tl?e Agency In Inaking each Phase of the Rental Portiol? ??' the P??o ject mailable ?az• rrcl? inspection or a?idit. Tl?e Developer agrees to inaintain records in a busit?essli?e manner, and #o mair?tain such 1•ecords for the teem of this Agreemen#, ?1, rrccessnrs aritl .Assig?rs, This Ar?een.?er?t shall ruin with #l?e land, aid all of the #erins, covenat?ts aid carrditions of this Agreernen# shall be binding r?pan tl?e Developer and the Ager?cy and the perrnr##ed successors at?d assigr7s of tl?e Develapel? and the Agelicy? hene?er the te1•rn "Developer," or' "A,?erlcy" Is used lit tl?IS Agreeinei?t, such tern shall include an?? other s?iccessars ar?d assigns as hereir? provided, ??, ?o Tl?i??d Pa?'t?r ?Cl??ficIar•les, This Areernet?t is Made and er?ter?ed it?to far the sole protection and ber?efit of tl?e Agel?cy and its successors and assigns, aid Developer at?d its successors aid assigr?s, a?7d no other person ar persons shall have any right of ac#iarr hereon, I, ?r?ial Invalidit, if any provision of #l?is Agreeinei?t shall be declared invalid, illegal, ar ??r?eriforceable, the validi#y, legality, and enforceability of the relnaini?? pravlslans hereof shall no# in arly ?vay be affected o14 unpaired, ??? over?nitig I?a??, This Agi+eeiner?t ar?d #lae documel?#s and other instr{timei?ts given purs«ant l?ereta sll.ll be construed ire accordance ??itl? and be governed by tl?e laws of the eta#e of Califorr7ia, Airy I+eferer?ces herein to pa?itic?zlar statutes or ?•egrrlatians shall be deel?red #o 1•efer to s?iccessor statutes or regulations, oti ainer?drnel?ts tlxei?eto. 1, Amendmerr?, This Agreement nlay not be cl?at?ged orally, b??t only by agreerr?en# i?? ?vritirr signed by Developer and the Agency ?G? l]efirriiox?s, Ariy word, #errn ar phrase i?ot specrfically defirled rn tlrrs Agreen?eri# shall Dave the same rnei?ii? as ascribed to i# ire #l?e DDA, ?inat?ire block begins oi? follow page.] ATTACHMENT ?. 7-? ???s????????3???'1 ????????-??? ? STN HER??I+?, the ?at•ties hereto have eHeuted this Agree?en? effective as of the date at?ci ea?? set fot?ti? above. 8??: ATTEST; N?aria . Huiz???, le??k ofti?e o??t?eii APP??'??? A T? ?`?RM; S?radii?? ?occ a???sol? Ra??ti?, Ae??cy Special o«trsel A?EN?'; COC]?YT'Y ???'???I?N?T AG?N? ??` T? ?T'? 0?` SANTA AAA, a ???bl?e bo??, corporate and ?aiitic ylzti?ia J? Nelso?? ?xec??tive ?irec?or z'1 R ???? i'lf ??? its: D?CSDCI1400C7??? 3i2?????-???t lf???? 1 L?AL ???TY?N ?I' R??T?L ???,'??? 0? TROT E??I?IT A ?'? A'?'TA?ENT ?. D4C??J? ???'?3?R 131??????-??? 1 T?? OF CALIFORNIA ??U?T? OF __ _ Cry perso??ally appeared ?v??a proved to me ot? t??e h?sis of satisfactory e?idet?ce #a be #??e persat??s} ????ose t?an?c?s? ilaae s???scr??ed #a #??e ?vit?in i??strut??ct?t and ackno??ledged to tale #hat helshelthey executed tiie same it7 his?i?eil?heir authorized ca?pacity?ies}, atld #i?at ?y ???sli?erlt??ei?` sigr?aturel~s} o?? the ir?strument the persa?7l~s?, or #i?e e??t?#y ??porl he??a?f of ?vilich the persan?s} acted, executed the itistr??mer?t. I certify under ???AI??'? ?F PII?JUR? «??der t??e la?? of the State of California that the foregoing paragrapi? ?? #?`ue a?tc? correct. ?ITI? ?Y7y ??a?xd at?d a?'fic?a? seal. sig??at??re oI~11Fotar}?Pc?bIic ?PTI?i?AL Though #t?e data elo?v i nod re?«ired by la??, if may prove ?ah?ah?e to persons retying ors tt?e doc??n?en? a??d corrtd pre?re??t fra??d??tett? rct?aci7??ten? of ???is rarm. APA?I?`Y ?LAI??? ?'? ZN??t ? It??ivid?tal ? orpo??ate officer Titles} ? P?-??Yer?s? ? ? Attarneyyln?Pc? L7 Tr??stee(s] p CUat'??anl?onservator ? ?ttier: Li???i?ed general S?grter is re?resenfing; Name Of?'ers?r??s? ?r E?tity(ies? ss. before rye, , rotary P?b?ic, Print Na?ne of a?ary A??b ?c? DP??RIPTI?? ?F ?'TTA?HI+?D DDCU??i??IT Title Or Tyke ?r Dc?c??me?# Number ?fPages _ Dade ??DociEE?e??fs Sig???s} 4?l?er Thad Na??ed Ab???e >?OC?11 ?0??73??? 312D?27?-?0?] TATS ?? ?ALIF?RNIA ov??r? o? __ . ail personally appeared ?vi?o p??oved to ine on tl?e basis of ati?facta?•y evi?let7ce to ire tl?e pe??on??} ??iiose names} dare st?bscribec? to the ?vithin instr??ment and ack??o?vlcdged to me that ilelshelti7ey exec??ted the sane its l?islher?ltheir authorized capacity?ies}, and tl?at by i??sllzerlt}?ei?' sit?ature?} on the it?str???r?e??t tine peron?s?, or tl?e entity upon behalf of ?vhicl? the persun?s}acted, exec??ted tl?e instru?nent. I certify ??tYder PENA??,'?Y ?F PERJ[1R?' under{ t1?e la?vs of the state of ?alifor??ia t??at tl?e foregoing paragraph ?? t??ue and correct ITNE my l?a??d and official seal. Sig??ati??e orNo???? Pt?bl?c ???????? Tltaugh t}?e da#a beto4v is nat re??a?red by t???r, ?# tn?y prove va?ua?le #? persons rely??lg ot? #l?e dacu?tte?i? and eo??ld prevent fr?t?dt?te??t rent#?c}yment of#h?s form, ??PAZ'?'? ?AI??I1D B?' I?NI{?R ? Itidividt?a? ? arpo?•ate officer Ti??e?s) ? Prt??er?s} ? Att01'r1ey?I?1-?" c?C# ? Tr??stee?s} ? u??'C?la1??4115e?v?#Or ? ?#}per. f,itni#ed e?iera? Sig??er ?s ?'e?rese??#?t?g. Na???e O?Perso???s? ?r ??itit}??ies} } } . befo??e one, , Nata?'y P????c, ?Pri??t Name of Nota?'Y '??blic} DE?RIPTII? DF A.'p'I'A???CD D??I?IYIIi1?T Tine Cdr T}ape afDoc??rne?t N???be? ?f ?'?ges D??e Qf?oc????zeEZ?s Sig?c?s? Oti?er T??? N?nY?d ?????e ?OCQ?11?007???? ???00?7?-??01 ?1 1?4???1` 1 ??? O? $ l,Sa?,00D 2? 1 Santa Ataa, al?fo?•t?i FAR ?AL?L E???D, ,.??„?,,,....? the "Borro?vex????? prarnies to pay to the ?Oi1?UNYT? EDL?L?PN??NT A?N? ?F H? CITE ?F SAN?`A AAA, a public bod?T, ca??parate at?d politic ?tl?e "Agency"}, or• order, at tl?e Agency's af?ce at ?Q Civic tenter Plaza, Santa At?a, alifar??ia ???1, ot? such atl?er place ?? tl?e Agency may desigtaate its ??t"icing, the ??tln o? Inc Nitllian Fig H?t??dre? T?aou?t? Dalla?•s ?1,5a?,aaa? ?tl?e "Note At??ount"}? its currency of the ??ited States of America, ?vllich at the tit??e a? ??ayme??t i la???fi?l far the pa??nent o?public ar?d private debts, 1, Agt•eel??e???, '?'l?i P??on?issory Nate {the "Note"? is given its accardatlce ??ith that certain Disposition at?d Develap?net?t Agticemet?t executed by the Agency and Santa Ana Statia?l District, LLC, dated as of June 7, gala ?tl?e "Agrecn?et?t"?. A portio?? of t??e ?•il?ts acid obliatians of Sa??ta Ana Station District, LLC under tl?e Agreement ??as subse?uet?tly assigned to Borrower" ?'he rights and obligatians of the Barro?er at?d the Agency under tl?ls Nate shall be g4Tv?tncd by tl?e Agree?ne??t a?ici ?? tl?e additional terns set ?'at•tl? in this Note. Capltallzed t?r?nS trot defined herei?? shall have the meaning ase?;ibed to s??cl? term I?? the Agree?net?t? ?n the event of any lllca?lSlstet?Cles bet??een tl?e terns a? tl?ls Nate and tl?e tit"tnS a? t?l? ??'??tT??t?t a?` ?I?? other doc?ttnent related to tl?e Note .Atnout?t, tl?e terms of this Note shall prevail, Z, ?nfe??est, Tl?e Nate Amount shall bear simple i??te?•est at the rate of three perce??t ??Io? pe?• annum, calc??lated fro?r? the latest date ar?y atno?tnt here?tnder is ?•equired to be paid" 3, ???yr??cllt of safe AIYlQllllt. The Note Amount shall be payable fiiotn the `{Profit-Sharing A???ount," as de?t?ed and deter?ni?ied herein, Borro???er shall give written notice to tl?e Agency, not later than ate l??tt?dzcd t?ver?ty ??Za? days aver tl?e sale of tl?e last For-dale Unit has defined its the Agreeme??t?, ??hich shall incl??de a statement of tl?e "Net Praft," "Crass Sales Proceeds," tl?e "?or?ale units De?elopn?ent fast," and "Far-Sale ?J??its De?eloptr?ent P??oft}" as these tee;l??s are deft?ed belo???, a?l? a calc?tlation of tha P??ofit Shari?? Arnaunt, '?tll?n tl????ty ?3a) days of its receipt o? Bot•ro?ver?s ?vrittetl notice, ,Agency shall deliver to Bar?•o??ar ??rritten notice of its acceptance of` Barra?vet•'s calculatiat?s of tl?e Profit Darin Anlou??t, ar Aetrcy's cl?al?et?ge of Borro?va?•'s calculations o tl?e Profit Sharing An?aut?t and ?;eq?zest ?o?" a ee?•ti?ecl a???lit o Pt•a?t ha??ing A?no?t??t b? air audita?? chosen by Agency ar?d resa?iably a.ccepta?le to Borra??e?•a at Agency?s sole cost. Barra??er agrees to cooperate with s??cl? audit, and shall be pet?trtitted to revie?? and respond to the preli?ni?iary resrtlts a such a??dit hefa?;c tl?e aL?dlt ?s tssuecl to final fo?{m, fan auclrt is perfo?•?ned, tl?e Pt•ofit Sharing A?naunt shall be as deter??nir?ed by the results of such a?tdit. ?? it is determined that a Profit Shat"in Amount is owed to the Agency, payment shall be made to the Ae??cy too later than thirty ?a}days after the Agenc??'s ?vt4itte?i acceptat?cc of Bor??o?ver's calculations of the ?'xofit Shari?ig Amount, ar tl?e delivery of the final results of tl?e audit, as applicable, I?? the event that the ?'?"aft Sharing PROMISSORY NOTE (Phase FS Age?tcy Loan) D a?SaC1? 4??b73 ?t 131?OD?72???0 t At?o?tnt is less than the Note ?t?a?trl#, upon pa?rnent in itll of the Profit ghat"ing ?maunt to the Agency fire Note ?rrrort?it stall be red?rced to veto and slrall be deemed paid in fill, 4, Defir?itia?rs, "Profit lrar?ng ??t?ar?rr#}' shall n?ea?l t?ent?r?fi?e percent X25°Io} oftire "Net Profit," ifNet Pr'af"rt is ? posrtl?e rrurrrbet", "Net Profit" t??ea?? the "Cross dales Proceeds" of fhe Fot"-dale Urli?s, less tl?e "Far-dale Units De?relop?trent host,"and less tl?e "For?ale Urrits De?elaprllent Pt?ofit." "Crass dales Proceeds" tneat?s the su?r? of the base sales prices fart the Fot"ale Units, plus tl?e `Net options and Upgrades Proceeds," as defined herein, a, "Net ?ptiarrs and Upgrades Proceeds" is defined as the differe?ice bet???eerr tl?e price paid ?? the p??rclrasers of the Far-dale Units for• "?ptians and Upgt"ades" ?"Crass ?ptior?s acrd Upgrades Praceeds"?, less the "?ptiots and Upgrades hosts" fol• the For?ale Utrits, b "?ptians and Upgrades" nreatrs an?r of thaw f ?xtu?`?S c?nd lr?l?ro?rc???ents to the For-Safe U??its ??hicl? ate riot reflected in the Far-Safe Units De?eloptrtent fast and are its excess of the base Fot•-dale Unit. c. ?`Cptiorrs arrd Upgr"ales hosts" is defined as tl?e casts actua?l? incurred b? the ?ot•rouler to pad tl?ird pa?•ties far• the "?ptiorrs acrd Upgt"ades" to the Fat"wale Urrits, inclr?dit? the clra?•ges paid by the Bat•r•a???er to the 13orro??er•'s general contractar?s? at?dlar subcontractors fork tl?e purchase at?dlor installation of "Cptions at?d Upgrades", and the price of `?Optians ar?d Upgrades" paid b? tl?e Bor•ro??rer dit•ectl? to a product ?nanufactu?•et• or distributot•, bt?t anl? if the I?ar•r•o??et" purchases "?ptians acrd Upt"ades" products directly ft•at?? a n?trufactut"er or distributat#, and then otaly pads the contractarslsubcot?tx?actars to install the "options and Upgrades" prod??cts. "For-dale Units Develap?r?et?t host" means tl?e total actual cost to tl?e ?orro??er of pian?iing, designing, financing, canstr?tcting, acid developing Phase FS ??n accardarrce ?v?tl? the pins and peclficatlot?s to be acted ?tpot? ?? tl?e Ager7G? ?? pl`a?rded ltl t??e Agr"eement? t??t•ough tl?? lss??a?lc? of the ?el't?ficate 4f Dccupatrc? fot" each Df the Fot"???? L?nrts, and the costs of canve?ltr the C???pleted Far'-dale Units to harneb?t?et•s. An?? suc?? cans paid to panties related to ?orr•a??ver shall be iitnited to the casts tl?at ??auld have been pa??ab? to ttnt?elated parties far the e?ul?aletrt goods a?ld services. The For•-Sale Units ?e?relopn?et?t Cast sllal? include, but trot be limited ta, the fallo??ing: • Ct•adit? and site pt•epat"atian; • ??rsite and affsite i?npt•o?ernents paid b? ?arr•a?ver ?otl?er tllarl t?lase pall ?'?lth the proceeds of the ?genc? Phase FS Loan}, ? onstructiot? cans for the For»Sale Units and related irnprovemet?ts; ? A general contt•actar• fee Prot to exceed tiro acrd ot?e-halfpercent {?.5°I?? of ail canstr•?tction casts; ? Perfar•mance at?d co?t?pletiari bond prerniut?s; f ,4 AT?'A.??IENT N?. BA?? ? Al•chi#ectut•a?, engineering, desig>? and r4eprodi?ction fees; ? ?ansultil?g and professional fees paid to third parties 4?itl? r;??p?ct ?a t??? ??re?rrrent and #??? cot?strlrctial? of Phase F? • De?elopl?lel?t, per'rrrit clad inspection fees charged bar airy public agency lne?rl•1•ed at?d pard by the ?al•ta??er?, • An overhead fee payable to the Borr'o?ver? v?hicl? shall not exceed tl?r?ee percept ???I?} of tl?e gr+o? sales prices a tine Foz*?a?e knits arld ati?er? pa?o?cct rever??re; ? onstr?rctiot? loan fees al?d points; ? ?epa?t?ler?t of corrstr?retial? lots principal, interest al?d contingent intel•es#; • Repayn?el?t ofequity loans and coratr{ibutians, irlcl?rding pr?ir?cipal, interest al?d pl•eferr•ed 1'etllr'1]S, ? Pellrlanent laal? fees at?d points payable ? tl?e ?olra?vel•; • ether fees and. casts of cor?stl'uctlal? loafs al?d equrty financll?g, • Pr?oper4ty taxes, insural?ce costs, sec?rr'lty costs, ?rtrltty casts and l?lalntel?al?ce expenses il?c?rrlied durlt?g #l?e col?stl•?tction period; • uol??eo?vners' association dues payable by tl?e ?arra?ver; • Sales cal??n?issions payable to the ?arra??rel''s agents al?d bral?ers ?rlot to exceed. °I?? and cooper•at?ng b?yers? ael?ts ar?d br4okers far tl?e sale o?tl?e Far-Sale Urllts; • ?tl?er? reasonable arld act??ai costs of car??eyili tl?e For?Sale Units to l?olr?eb?ryer?s, inel?rding escr'o? fees, title insurance fees, tapes at?d fees llnpose? lvlth respeet to the sale oftl?e For•-Sale ?r?its; ? B?rilder's ??ral•ranty reserve funds not to exceed ?,OD? per• For;-Sale Unit; al?d + Any other actual costs to the Barra??el' of plat?nit?, desigl?il?g, fil?al?cin? eons?r'uctln al?d developing Phase FS hieb Have teat been paid by tl?le Agency ar atl?er• par•ties? "Far'-Sale L?r?its Development Pl•afit" shall n?ealr t??el?e percent ?l°Io) of tl?e sul?? of ?i? tl?e total base sales pl{ices ?`ar• tl?e For-dale ?l?its, plus iii} rile Cross ?ptior?s at?d upgrades Proceeds for tfie For-dale Units. This alnount small be paid to andlor• 1•etained by the Barroer pl'ior to #l?e payrrrerrt of the Prafit Sha?•ing An?o?rn#, if al?y, to tl?e Agency hel'errndel•. For #l?e p??rpose of facilitating the calculation the Far-Sale Units Sales Proceeds, r•oss ?pt?ons at?d Upgrades Proceeds, at?d Net Dptial?s al?d Upgrades Proceeds, tl?e put•cl?ae and sale agr•eernet?t fat each Far-Sale Unit shall delineate the base sales price and the price el?aled to the buyer for Optiol?s and Upgrades, ?, ecurify, This Nate is see?rred by a Deed of Trust ?tl?e "Deed of Tr'us?}'} da#e as of tl?e sane date as this Note Tl?e Decd of Tr?rst shall be recorded in second priority and shall be subordil?te only to rile deed of trust sec?rtiri ?al?ro??ver' contructla?l fina?ler?l for• tl?e Ptio?ect as appra?ed by Agency pul}scant #o tl?e Agreetrter?#. The Deed of Trtlst shall pra??ide for a pal•tia? reconveyal?ce of tl?e Deed of T?'«st iii col?l?ection ?vitl? the sale of each individual Fal'- ale Unit, Agel?c? ?lnderstands #l?at tl?e Deed of Trust ??lll be fir?l?r t•ecol?veyed prior to tie payt?ner?t rrrade pursrra??t to eetion ? hereof, ?, l?o?x??ecnurse, Ulltil #be filll t'ecan?eyance of tl?e Deed of Trust, this Note shall canstit?tte a nal?r•course Dbllgatloll of Borr`o?vel', al?d neltl?el' Borro?ver r?or ally of its l?elnbers shall have qtly personal liability fog' paylnel?t al• pet•for+t?ance of tills Note In tl?e event of a ATTAIENT N0, 8A-3 ?oco????????T? ???oa???-oo?i default hel'eunde?? ??llich aceurs prior to the full r'ecot??eyalice of tl?e Deed of Tl'rrst, tl?e agency's sale ?`ecourse shall be to proceed. agaix?ct tl?e collateral described in tl?e Deed of Trust, After tl?e firll r'ccal??eya?nce of the Deed of Tl"ust, Agency may er?fal'ce its rights l?el'eunder' rn arry ?r?ar?ner permitted by applicable la?v, a, Bor?`o?ver expressly ag?`ees that this Note or ar?y payrne??t hereunder` lay be extended fi?orrr tirt?e to time at the Ager?cy's tole discr?etian at?d that the Agency n?a?r accept sec??rtty lIl canslder`at?on far' ally sll?h ot?I??IOn or` l?elcase ar?y security for tl??s Note at its sole discretion all without iii at?y ?vay affecting tl?e liability of Bor+ra??er`, ?? No extenslar? of tli?]e far pay?net?t of this Nate ?xrade by agreerner?t by tl?e Agency ??ith arry pe??sat? nay or` he?`eaer liable far` the payl?rent of this Note shall operate to r"elease, discharge lnodify, ohat?e al' affect the original liability of Barr?a?er` ?xnder Phis Note, ertller` 1?1'?'?hale of ltl part, c, The abliatiar?s of Barra?er` ??t?der this Note shall be absolute and Bar'z`o?ver ?ai?Tes airy at?d all r'iglrt to offset, deduct or' ?vitl?hold any pay?r?entc or` charges due under this bate for arry reasor?s ??r??atsae?cr', Bar`ro?ver ??vai?es pr'eser?tment? detrrarid, notice of pr?atest acrd rra??payment, rratice of default or delit?rrer?cy, l?atice of acceler'atiar?, ??atice of costs, expenses or' leases oai interact therearr, notice of disl?onar`, diligence ire callectio?? or in pr"aeeedit?g against any of tine r'1g11tS ?? lnte?'ests i?? ar` to pr`operttes securing of this Nate, at?d tl?e benefit of any oxetrrption r?r??lel` at?y lra?nestead exemptian ia??s, if applic.b?e? c? No pr'e?ious ??ai?er` and lea failr?re or delay by agency itr acti??g ?itl? respect to the terms of this Nate or' the Deed of Tl"??st shah canctitrrta a ??ai?ar? of a???l bl"eaal?, default, or failure ar" ca??ditiot? under this Note, the Deed of Tr"ust ar tine obliatians sec??r'ed ?her'eby, ? ??aiver of ar?y tel??n of this Nate, the Deed of Trust ar of ar?y of the obligatior?s secl?red thereby must be r?lade in ??ritin and sl?ll be litt?ited to the express ??rit?er? terms ofsuch ??aiver, ?. A?tarneys' Fees arr as?s? Bar+ra??er agrees ti?at if arry ar??a??nts due l?r?der` this Note ar'e l?at paid ??hen due, to pay its additiorl? all costs arrd expenses of callcction and ?`easonable attarneys' fees paid or` ir?cur?`ed in corrnectia?? ??ritil the collectia ar er?farce?rre?at of tlirs Nate i?l?etl?er al' not suit is fled, 9f Joix?t and e?rer?al ?bligafion, Tl?ic Note is tine faint at?d se?er'al o?ligatio?? of all n?a?ez?c, sureties, guarat?ta??s ar?d cridar'se?`c, a??d shall be bit?dit?g rrporl them at?cl their heirs, succescoa`s a??d assigns, 1D? A?xt?er?dmelr?c rid odificafrotrs? This Nate ray not be charged orally, but ably by are amendment in ??riting signed by Borra??er' ar?d by the Agency, ???IICy ???' AkSS?tI, Agerlcy nay, at its apt?a, asslgrl its r`?gl?t to 1"ece14'e payment ??r?der` this Nate ??itllo?zt necessity afobtaining the canser?t aftl?e l?orro???el`, ATT1?H?VIENT ?, ??4 D DCVO ??? ?00673v1 ?}2 ?027?-??? ? ??, ?oi?i•o??er A?S1?IlIi??tit Pra??1?31??i? ?r? rro e?et?t sl?all Bot•t'o?ve?' assign ar' tratisfei' ???? par'tron of thrs Nate ?v?tl?arit tl?e prior e?lO?'ess written consent of the Aericy, which cariserit shall not ?tnr'easonabl be withheld, ea?cept pursuant to a transfer hicl? i permitted ot" approved pur'suarr# #o the terms of the Areernetit. ?, 'Pez?ins? Ar?? ter'n?s riat separately defined Herein shall lla?e tl?e same meantt? ? set far#li in the Agreement. ?4? Acce?cr'atiDYi acid ??he?' Relrieciies, [span; ?a? the occurrence of ate event of Default as defined in the Agreemet?t at?d deli?et•?r of notrce acid exprratiori of the cure period described tl?er'eit?, or ?h? Borrower selling, contracting to sell, grvirlg are ap#ror? to pur'cliase, C0?1ve?lrlg, leasrrig, frtr'tller' erlc?lrnbel'Irig, rllar"tgagll?g, asrgntng at' al tenattng ???? Borr'o?ver''s in#er'est irl Phase ?' father #lran the sale of eornpleted For?ale U?tts to rr?dtvldlt?i ilarne??t?ers ar' ?? othei'?vle pertr?ltted o?' approved p?tr•s?aant to the Ar'eerneri#}, whether directly ar' i??directl??, ??lYetl?er volrrt?tat'il? or irrvo??ttitaril?r ar bar apes#iari of 1???, ar an?F iriter'est in Phase ?, o?' s?tffer'irig its title, ar ari?? ra#eres# in Phase F to be digested, ?vlaetl?cr volun#ar'il? or' ir?voluri#ar'il?, ?vrtliau# #lie cotiserit of tl?e Ae?ie? or' as otl?er?vise appt'oved o?' permitted under the Agreement, Aet?c? mad} at Aet?cy's optiati, declare tl?e opt#s#andir?g principal arnorrr?t of this Nate, toctl?r' ?vitl? the t?ct? accrued and ?tr?paid ir7terest therean and other charges l?er'errnde?', at?d all other s?trns sec?rred h?l file Deed of Trrrst, to be due and pa?a?e ?rrtmediatel?, grid upori such declaration, s?rch prrricrpal and rnter'est at?d other sutras sl?a?? immediately became and be due and payable ?vithorrt demand or notice, alb as fur'tlier set forth in #lie Deed of Trrrst, All costs of collection, it?cl?tdir?g, l??tt not llrnlted to, t'easoriable attortle?s' fees and all ex??er?ses incrrrt'ed in caririeC#lan ?vl#l? pra#ectloti of, ar re?llza#ion on, the s?Clrl"rte for' t?hts Note, may be added to the priricrpal hereunder', acid shall accr"rie in?er?est as pra?ided her•e?n? Aget?cy shill at all times have the right to proceed against any pot'tiot? of the security far' #his Nate in such order and in such manr?er as such Aet?cy tnay consider appr'apr'i.#e, ?rthou# u?arvrr?g any r"lgh?s s?lth respect to atiy of the securit??, Arid dela?? or arnissian an the part of tl?e A?get?c? eta eerclsing a?l? right l?erertrider, under the Agreerrient or' under' the Deed of Trrrst hal l not operate as a waiver' of such tight, or' of and other right. No it??e or pay'#ial exercise of ray rth# ai' r'emed? herer???der a?' under tl?e Agt'eetnent or at?y other' docurneri# or' agr'eernerrt shall preclude other or' farther c?ercises thet'eof, ar' #lle exercise of any other right or remedy, Tl?e acceptance of payrner?t of any Burn payable Hereunder, ar part thereof, after the due date of such payrnen# shall riot be a ?vai?er' of Agency's right to either t'eq?tire pr'alnpt payrnerit ?vlier? due of all other srrr??s payable lYereut?der' or to declare ate event of Default for fail?rre to make pran?pt or' catnpletc paymet?t? ?, Successor#s and Assigr?s. ??her?ever "A,er?cy" is refer;i•ed to ire this Nate, such reference shall be deemed to include the ?otnt?ut?ity ?edeveloprnerit Agency of the pity of Santa At?a at?d its srrccesso?' and assigns, including, ?vrtlla?tt lrrnrtatian, any subsequent assignee or holder' of tills Note. All caverian#s, pra?isians and agreetnet?ts bar or on behalf of Bot'ra?vei', and ot? behalf of any maker's, er7dorser's, girarantors at?d sureties ??er'eof v??l?ich ar'e coil#airied leer"ern shall it??rt'e to the berief?t of the Agency and Agency's successor's ar?d assigns. ATTAHNIENT N?. $A„5 D?COC1??0??73tit131?D??7?-Q0? 1 1G, ?Iisce??a?ie?us. Time ?s of the essence he??eof, ?'hi? Note sl?all be o?er•?ted ?? at?? construed ???er tl?e laws a? the State ?? aliot'nia except to tl?e extent Federal laws p?'eemp? the lames of tie State off' aliornia, Bo?i??o??er? i???+evaeahl?? a??d uncor?dit?onall? sr?bmits to the jurisdiction ?? the ??pe?'lor o??r? o? the State of California for tl?e bounty o ??'at?e ??l cot?nectiaz? with and seal action oi' ??;acee?? a??istng o??t of of reatix? to this dote, Bo?•tou?e?i also waives a??y ob jectior7 reg??'clln ?ers?nal o?• ire ??e?n ?urlsd?ctlon or ?et?ue. ??, Its; ?'T?'A??N?` 0.8A-? DD??o?l? ????'?3??131??Q?7?-Q??? ?TT????,?ii1? ?llr ???15? ??? A?I1Cy L(31??1 ?Il[? ?h?S? ??? A??IICy ??all? ---- ?? ???> X010 al?ta AtYa, ?alifot?t?ia ?? ?A??? ????????? ?tlre cc?al'r`04ver`???a promises to pay to tl?e ??J?IT? ???'?EI??P?N?' AE?Y UI` ?'?? ITS ??' ,A?'A AAA, a pubic body, ca??porate and politic ?tl?? "Agency"}, a?? order, at #l?e Agency} office at 2D civic tenter I'la?a, Salta A??a, California ?7?1 ar such other place as the Agency 4 lnc? des t?ate iii ?vritir? tl?e sk?ln of ? : ?:??: ?. ? ?:? :?.?..: ? . ?.: ?? : ???:::.::?:?? ?.: ? :?::..??:.::? ?::?: ?::?. ?? .:? :?: ?: ?:::: ?: ?:::. ? . ?. ?' g? :.... Dollars ? .: ?:::.? ? ? ? :?.:?;:, .? ?tl?e "Note Arnoul?t"?, irl cul•??e??c ?f #l?e United states of Al?ierica ?vl?ich at the ?' , time ofpayrne??t is la??vfk?l for the payment aflakrbllc al?d private debts, ?, Agr•een?e?rE, This Pr•alnissot•y Note ?tl?e "Note"? is givers irr accol?datrce ??xitl? that certair? D?spositior? and Develop?nerrt A.greemerrt executed ley the Agency al?d ?orro?rer, dated as of ?? ?:.:: ?? ``? ? ... ?? `: ? : :. ??..:::?, ?? l a ?tl?e "Areelr?ent"?, Tl?e rl hts a??d obli a#ia??s of #l?e g g I3or•roer• and tl?e Agel?cy under this Note shall be ga?err?ed by the Ag?•eerner?t at?d by tl? ?ddrtlolla? tarns set forth ? this Note. apitaiized terms l?at de???ed llel•ein shall have the me3al?ing ascribed to such te??m in the Ar?eelnent? In tine event of any incarlsistet?cies bet??een tl?e terms of this Note and file terns Of tl?e Ag?•eemel?# D1' atly Other document related #a the Note Arno?trlt, flee te?•ms of #l?is Nate shall prevail. ?? Il?te??es?, Tl?e Note Atnaur?t slxall bear• simple il?te?iest at tl?e rate of one percerr# ? ? °??? per annum, from the date hereof. ?? Repy?nellt ?? l?ofe A?nolrzaf. Tl?e date Amount shall be paid by the Bor;ra?ver's c?lln€za? payrner?t to the Agency of al] arno?zr?t egklal to fifty I'e?•ce?lt ??°?o? of tl?e Residk?al Receipts has defined belo?v} frarrr operatiar? ofP?hase -? afthe Re??tal Portion of #l?e I'?•oject has defined in the Agreetnet?t}, as deterrnir?ed by a residual receipts calck?latiarr from tl?e opera#iot? of Phase R-` tl?e preceding calendar year, Annk?al ?esidk?al receipts payment shall be by the I?or•ro?ver• by cashier's check a??d shall be delivered ors o?• before one l?k?ridl•ed t4verity ?1??} days af?er• #l?e end of the orx•a???er's fiscal year, of each year d??r?il?g ?l?e term of this Nate first fallo??ir?g the date Phase R-? oftlre project ?or• al?y Phase the?4eo is placed in service, ul?til the Note Arr?ok?n# ar?d all unpaid inte?•est tlreleo?? leas bee?? repaid ire firll, Ally remaining partiol? of the Note A?rrok?nt shall be due and payable ol? tl?e earlier to aceklr of ?a? tl?e fifty-eighth 58th} a?tniversa??y of the date of tl?e issuance of tl?e Release of Cols#ructior? averlants for Plrase R-_, or fib} Deccrnber• 31, 2a?5. Not?vithstandit? the fo?•egoing, the firll Nate An?oun# may be accele?•ated as set for•?h in ectiar? 1 ? hereof, ?? ???lllltlUll?F As used herein, "Ar???r?r?I 1??'oject ever???e" shall mean all g??ass ir7co?ne and all re?renues of arry bind fr•arn Phase -? irr a calendar yeah, ?ncludlr?g ?rtllout l?tnl?atron, rer?t, ectiorr housing assistal?ce payments, if al?y, late charges, verrdirig ?nachirre income, al?d ally 1 L??i1L-IT 1 {?i V??1 ?OCS0?11 ??Q67?4t?31??????-??41 other revenues of ?vlratever4 bind or nature fr+orrr the Phase R-_ of the Project, except that security deposits ?untrl applred}, interest on security deposits ar?d required reserves, sales proceeds, arrd t1?e proceeds of loans, refinancings, catldemnation, ins?rrarrce claims, and par•tt?er capital carrtributians, shall riot be considered At?r?lral Pr;oject Revenue. As used herein, "?ip?I?crib?e ?'ec?er???? ?r??e" r?leans tl?e interest rate set by tl?e Ul?ited states Treasury from trine to trine for' tl?e purpose of deter4r?ril?irrg applicable La?v ?ncorr?e dousing Tax credit interest rates published by tl?e Internal Reven?re service in n?or?thly reserve rulings, As used herein, "?e?f `e??vic?" means regularly scheduled payments of principal and interest made ire a calendar{ year pursuant to the financing obtained far the developr?er?t ar?d o?vnershrp of P11ase R-u ??lricl? leas been approved by the Agency pursuant to the Agrreement, at?d ??hich is senior i?? lien priorrty to tl?e Agency ?oar?, but excluding payments nude prrrsrrar?t t? tl?e pr`an??ssary Nate. As used herein, ?`upr'fa? .?????crc??????? .?ese???e'? shall r?learr a reasonably required reserve rat to exceed $?50 per unit per year' {??• such greater arrrout?t as ruay be required by Ier?ders or investor+ far Phase R-?, to be used ?'or the p?rrpose of replacing capital iten?s? ?n or? before ore hundred twenty {?20}days after the err?l of the Borrower's fiscal year, of each year conlmer?cirrg in tl? year4 after the isstrar?ce of the Release of construction Covenants for Phase ?-?, the Borro?rer shall ant?r?ally provide the Agency are audited f?narrcial staterrrerrt fora Phase R?? arrd a Residual Receipts Report, in the for•?n attached to the Ar•een?ent as Attacl?r?errt X0,10, ?vl?ich shall desc?"lbe In detarl the Ar?r??ral Pr•ojcct Revenue, Debt service, operating expenses, capital Replacement Reserive ?rncludrng deports therein ar?d experiditrrres therefrarr?, and Resid??al Receipts far; that year far Phase Rw?. The Barroer? shall also subrr?it to tl?e Agency, an or before one l??zr7dred t??ret?ty { 1 ??} days after, the end of the Borra?ver's fiscal year, of each year comt?errcing in the year' of the rssuarrce of the Release of orastr{?rction Covenants for t Phase R-`, at?ra??al audited financial staterner?ts ??ith respect to the Project that have been revre?ved by atr rr?dependent cer•tr?ed public accountant, tage?her with an expressed ?vriitter? opinion of tl?e certified p?rblic accountant that such financial statements present the financial position, results of operations, acrd cash flows fairly ar?d in accordance ?vitl? ger?eraily accepted acco?ir7tirr pr{ir?ciples, ?`?pe??afr'?rg ?????ge?" and "?.?r?rr?c?? ???c??" shall rrreat? the ar?rrual operating budget for each Phase of the Project drat sets forth the projected operating Bxper?ses for the upcornit?g year that is s?rbjct to at?d sl7all be submitted for revre?v and approval by executive Director, in hisllrer reasonable discr{etion, each year' during the Affordability Period pursuant to section 401.E of tyre Agreernent? "???e??a?r?? .?.xp?trse?" shall mean actual, reasonable and customary {for comparable high quality rer7tal Dousing developments its ?r?ange Calrnty? costs, fees and expenses directly incurred, paid, and attrib?rtable to tl?e operation, maintenance and management of each Phase of the Rental Portion of the Project in a calendar' year', and ???hich is reasonably cansrstent ?vrth the arrrrual ?peratir?g Budget for each Phase appra?ed by Agency pursuant to 401 ?9 of the Agrieerrrent, rncludrng; painting, eleanit?g, repairs, alterations, landscaping, utilities, ?DCS?CII ?????`3??? 31???272????? ATTAHET ND. 88-2 1•efuse rerr?oval, ce1•ti?cates, permits and licenses, se?e1• el?arges, real and personal prapel?t?r taxes, assesslnel?ts, il?sur"ar]ce, sec?rlt??, adver•tlsing and pralnatrorl, ?a1?1tOr"gal services, eleanrr? at?d building supplies, pu1•chase, repair, ser?lcing and installatiall of appliances, equipment, fixtures ar?d furr?ishir?s, fees and expel?ses of prapel•t?r management, fees and expenses of accoul?tants, a?tarile?s and otl?er plofessianals, the cast of sacral sei•vlces and otl?er l?ausing suppoi•ti?re sere?ices pi'a?rlded at tl?e Px•ojeet consistent ??ritl? De?relapel•'s approved Tax l?e?lit Applications to TEA for Phase -1 and Phase -?, repayr?ent of arl? completion ari operatil? Ioat?s node to Develapel•, at?d otlie?• actlral, reasonable and ct?stomal•? apel•atil7g costs at?d capital cans ?vhlcll are direeti? incur"i'ed and paid b? Developers but which are not paid fialn ar eligible to be paid f1•ain the apltal Replacelnent Reserve o1• and otl?er' i?esei•ve aceot?nt for tl?e applicable Plisse. Ta the extent tl?e ?pe1'atrrig ?xpel?ses fel" a Phase are not reasonably consistent v?rtll tl?e annual Opeiatil? Budget fa1• a given year, tine Agency Executive Dil?eetol• shall i'easal?bly x•evie?v al?d approve to cot?fi?•n? tzeh Operating Expel?ses al'e reasonable aril act?lai? ?ncur?r"ed; provided, loo approval sl?all be 1•??uiled for emei•ellcy expel?ditures reasanabl? necessat"y or" appropl"fate to pr"eselve life, limb, or pz'ope?•ty, Dper•ati??g Expenses sliall e??•c?r?? aii of the folla?virig; ?i} solar"ies of en?playees of Developer" a1' Developer"'s general averliead expel?ses, or expenses, cosh and fees paid to an Affiliate ? Developer, to the extent and oftl?e foregoing exceed the expenses, casts or fees tl?at ?vauld be payable in a bans fide arlns' lengtl? tralisaetiall bet?veen t?nx•elated parties In the ?1•ange Ca«rity area fo1• the same ?vorl? ar services; iii} at?? alnour]ts paid dir•ectl? ?? a tenant of the Re??tal Pai•tio11 of the Project tD t1111'd party ill con??ectiol? ?vi?h expenses ?vi?ich, if incurred by Developeli, auld be Operating Expel?ses; ?iii? optional or• elective paylnerit ??+itlr respect to fina??cin approval pl?r"scant to ectiar? l ? 1 of Mlle Agreement the "P1"imar'y Loan"? ?ulxles rrlade ?'?1t11 the carlet?t of the Executive Dlrectol• il? her" r•easanable discretion}; Div) expenses, expenditures and cl?ares of ar?y i?atur'e ?4?hatsoever arising ai' ilrctu•red b,? Developer prior to completion of the applicable Plisse of tl?e Rel?tal Po1•trori of the Pi"o?ect itl? respect to tl?e develop?ne?lt, l?air?teliarrce at?d upl?eep of tl?e applicable Please of the Recital Portion of the Project, ?1• ar??? pal?tion tl?er"eof, rnclud111g, ?vitl?ot?t limitation all costs a??d capitalised expenses tncul{red by Developel? in co??l?ection ?vlth rile ac?t?isitiol? of the bite f1•om tlae Agency ?e.g, riot leasing to lo?v income tenants}, all pl'edevelopn?ent acid preconstructian activities cor?dtlcted by Developer in connection ?itli the Re??tal Pol`tion of the P1•aject, including, ?vithat?t lltnltatlo??, the preparatiar? of all plal?s al?d the pe1•farn?ar?ce of and tests, stlydies, i?ivestigations a?• other ?varlc, and the construction of tl?e Re??tal Partian of the Pt•o jeer arld and an-site ol" aff?site ??ork i1? connectiol? tl?ere?vitlr; Zvi} depreciatiol?, atnorti?ation, and accr??ed principal and interest expense ors deferred pa?l?ler]t debt; acid vii} a??? Pal?tnersl?ip Related Fees to tl?e exter?t their ar;e rat paid as capitalrzed expenses, "??rr?t?r???s?r?? Ar????rre?rt" means the par~tlaershlp agr'eernerit bet?veen tlYe De??elopei• al?d the ?nvestar• Lirrllted Pa1'trier. "pc??4??rer?s??r'?? .??rr?ed Fees" sliall lnean tl?e folla?viri Fees of each Developer' el?tit?, or partners thereof p?zr•staant to the Par?nei'ship Agreement, which are actuall?? paid ?i? a general pa1•tner?s} ?adn?inistrative andlor managing pa1•tner?s}? partnelshlp inalragelnel?t fee payable to rile general pa?•tt?er?s} ir1 a ctrlnt?lative alriour?t not to 1??C?0?11 ?I??G7?v1 ?1?0??7z-1001 ATTAHET N?, SB-? exceed T??enty?Fi?e Tl?ousand Dollars ??2?,000? per dear, increased a1?n??all? ?? CPI abut ?n no cent by more tl?an CPI}, iii} a lin.?ited pal•tner asset n?anagelnelit fee payable to the Investor Lit??ted Par•fnel• in an amaunt llot to ea?ceed Fire Thousand Dollars ???000? per year, il?c?•eased a??nually by CPI {b,?t in no event by mode than CPS}; at?d {iii} an anl?ual a?zdit fee in alld for any calex?dal? year. In no event shall the fees for ??? and X11} above cu?ulatl?ely exceed T1111`t? Tho??sal?d Dollars ?30,000? il? at?y one dear exclusive oftl?e CPI adj?rstmel?t allowed per ?i? and iii} above.} ill tl?e e?el?t illsuff icient Annrlal Project Revel?ues ?lst ?? provide for payrrrerlt of all ol• pant of the specific Pa??tnership Related Fees listed above, loo interest shall accl•ue ?lZ tl?e ??llpald pol?t?ons ?? s??ch Pal?t?aership Related Foes, bc?t the unpaid balal?ce gill be added to the Partl?erslilp Related Fees due 11? tl?e follo?v?rtg ?eal•, "?esrt?rrrr?.Reei}?fs" shall l?nea? Annual Project Re?re????e for the applicable Please less tl?e sum of: {i? ?perat?t? P?xpenses; ???? Debt er?r?ce; ?iii? Reserve Deposits to tl?e Capital Replacel?relt Reserve; ?i?} Partnership Related ?`ecs; ??? unpaid Tai Credit adjustment alnaunt, if al?? ?aftel• 1•evier? arld ?•easonable serif icatioi? b? Ael?c?? ??eci?t??e Diriector of doc????ents l?ro?ic?ed bar De?elo?er sllo?vit? props"Iety ofs??ch zo?rnts and paymcrlts}; Zvi} ?•epay??el?t of loal?s, if any made b? tl?e lil?nited partt?er?s? of Developer, il?cl??ci?? il?terest t tl?e Applicable Federal Rate ?t?le p?•opriety of ar?y such loans trust be 1•easol?ably ?reri?ed b?? Ael?cy xec?ati?e Director; ?v??} propel??y managen?e??t fee for the Project v?hicl? 1•elllaills ?lnpaid aftel• payment of Dpel•a.tin ?xpel?ses, if al?y; ??lll? Deferred Developel• Fee fol• tl?e Project ?vl?ich remaills lznpaid, ?f al?y, incl?ldit? il?telest at tl?e Applicable Fedel•al Rate, if applicable, and s??bject to ectiol? X03, et seq.; ?ix? Repayment of outstanding de??eloplnelit and operating loans, if al?y, made by the adlrrll?lstrati?e andlor managing genet•al pal•t?Yers andlor the ttarat?tors to the Project, including interest at the Applicable Federal Rate ?tl?e pl•opriety of any sucl? Loans p?r?•suant to the terms of the Partnersl?ip Az?een?ent mltst be 1•easonably ?el•ified by Agency xec??ti?re Dit•ector; ATTACI-I???' ?, ???? ?OC?DC1? ??DG??v 13i?4?27?•???1 fix} capital ?ontr;ib??tia??s ?a the Pra?ect, if and, made b? the ???er•?I pr?rier•s ar tnanag?t? t?er?ber, as applicable, of De?elopet that ??ere used to pay tine Deveiapet fee, ecrrz4ity? This Nate is secured by a Deed of Trust ?tl?e "Deed of Trust"} dated as of the same date as this Nate. ?. Narr??eeorr??se. This Nate shall cor?stitr?te a nonrecourse obligatiot? of Bor•ro??er•, Neiti?er Bor•?•o???er, rlor ar?y of its pattt?ers general ar lirited? si?ali i?a?e at?y personal liability for payment ot? pet;fat{t?larlce of phis Nate, ?n tine event of default hereunder, the Ager?c?'s sole recourse shall be to proceed aait?s? the collateral descz?ihed its the Deed of Trust. 7, ai??x•s a, ?arra??er• expressly agrees that this Node ar• any pyrrrer?t hereu??deti nay he extended fi?ot?r tirr?e to titrre at the Agency's sole discretion and that the agency r??ay accept secrrr4tty tt? cat7sideratrorl for' any s?te?? extension ar release any security fat this Nate ?? its safe dlscr'etlar? alb ?vitlaaut its ???? ??Tay affecting tl?e liability ofBotro??er. b? No extet?sian of time far payrnetat of this Nate rude ?y agreerrrerrt by the Agency ??ith arry person na?? or i?e?•ea?er liable for the payrner?t of this Note shall operate to t?elease, dischr•ge, rr?odify, change at? affect the original liability of Bot?xo?et ut?deri this Note, either its ??l?oie at? iti pat•t. c, The obligations of ?or•r•o??er4 under this Nate shall be absal?tte and Borr•o??er• ??ai?res a?ly and all tights to offset, deduct or• ??ritl?hald any payrrrents or charges date ztnder this Note for any reasar?s ??rl?atsaevet•? ?i? Barr•o?ver• ??ai?es presentment, demand, notice of protest and nat?paytner?t, notice of default ot• delinquency, notice of acceleration, t?otice of costs, expenses or leases ar rnteres? thereon, notice of disl?anor, diligerree in collectiat? or itr pracceding agairrst ar?y of the tights of interests rrl ar• to properties securing of this Nate, ar?d tl7e benefit of any exetnptiar? ?t??der any han?estead exernptior? la??s, if apps icable. ?? No pre??ous ??ai?er• ar?d rio failure ati belay by Agency ire acting ??ritl? respect to the terms of this Nato at the Dead of Trust shall cat?stitrrte a ??ai?er• of any hr•ech, default, at faiiurie or condition under this Note, the Deed of Trust or the obligations secured thereby. A? ??ai?et of any term of this Note, t??e Deed of Trust ar of ar?y of tl?e obligations seelrred thereby rn?tst be made in ??riting and shall be limited to the e?pt?ess ??r??tte?l terrrrs of such a ??at?er. S? .?t~far???eys' Fees ar?d ohs. Bort•a?ver agrees that rf arly aina?tnts d€te rtndeti this Nate ar•e not paid ??her? date, to day its addrtran, alI casts and expenses of collection acrd reasonable attorneys' fees paid ar incurred in ear?nection ??itll tl?e collection a?? enforcerrrent of this Nate, w?l7ether of teat suit is filed. ATTA??NTN?. SB-5 D? C s0 Cl? ???6?3?' ? 31?0??7?-?0? ? 9, Jo?rr? acrd Several ?b?iga?ion, This Note is the faint and several obiigatio?? of all makers, sureties, guarantors at?d e?idol•se?•s, and shall be hindi?ig upon the111 grid their belts, successo?•s and assigns, lU. Anielldlileli?s ??ld ?Udl?iCaf?0r1S? This Note may not ?e cl?a?iged arally? but only by ate ametidrnent iii ?v1•itin sighed by ?orro?ver and by the Agency, 11, Agency day Assign, Agel?cy may, at its optio?i, assign tts rlglit #0 1•eceive pay?r?ent under' tli?s Note ?vltlia??t necessity of obt???r??g #lie canse??t of the Bo1•ro?ver. ??. ?3ori4ower• Assig??merit ?i#o?r?bited, In na event shah ?ar?•oer assign a1• t??ansfel• any po1•tiari of #liis Nate ?vitlia?r# file p1•ior exp??ess written consent of file Agency, ?vhicli consent shall riot unreasollabiy be withheld, except prrl•suatit to a trallsfer• ?vliicl? is permitted or app?•oved pursuarit to tl?e terms of #lie Agree111e?it, ?3? Ter?rris? Any terms ??ot sepal•ately defined lielei?i shall Have the sa?r?e ?rleatiills as set fat•tl? lI? tl?e Agt•eexnent. ??? Acceler?a#iar? acrd ?t?rez? ?emed?es? Upon: ??} #lle occurr•e11ce of an event of Default as defined in file Agr•eet?rerit and delivery of notice and expiratio?? of the cure per4iod desctiibed therein, or fib} Borrower selling, contracting to sell, givitl an aptio?? to p?r1•cliasc, conveying, leasing, f???•tl?er encur?ibe??it?g, rilortgagin, assigni?ig o?? alienating tl?e Bor1•o?ver's interest irl ?'hase R-_ ?otlic?• #l?an as permitted or approved pursuant to the Agreeme?it}, whether directly or indi?•ectly, ?vlietlier voluntarily or itivoluntar•ily or by aperatiari of la?v, 01' arty interest In Prase ?-_t, 01` llffer'lrig Its t?tie, 01` Ily ??7ter?st tri Pliasc R,„? to ?? divested, ?vliether vol??nta??ily or illvol??nta1•ily, ?vrtlio??t tl?e corisetit of the Agency or as otliet•?vis a?1+?ved e?• per111itted uridel• #lic Agrcenient, Agency relay, at Age??cy's option, declare file outstanding principal arilo??nt of tills Note, togetliel• ?vit?h #l?e #herr acc?iucd and unpaid interest thereon and other charges i?ercunder, and all other Burns secured by #lie Deed of TI•ust, to be due acid payable irnrnediately, and upon such dcclaratio?i, such pz?incipal aril interest and other sums shall iriilnediately beca?ne and be d??e and payable ?vitlia??t demand or ?rotice, all as fi?t•ti?er set forth iti the Deed of Trus#. All costs of collection, i??cluding, but not li?tiited to, ?•easonable attorneys' fees anti all e?pcnses i?icui;red lt? coiinectlon ?v?th protection off, or? i•eali?ation on, the sec????i#? for• this No#e, may be added to file principal he1•eullder, at?d shall accr??e interest as p?•ovided herein, Agency shall at all tines have the tight to proceed agall?st any polt?on of file sec?zt•ity for this Note in such order and ire such rilanrier• as such Agency nay callside1? appropriate, without waiving a?ly rights with respect to a?Yy of the secr?rity, Arid delay ?r orn?sslon oI? the pat•f o? the Agency its exerclsrng a??y right liere??rider, under #lie Agree??lent or ??nde?• the Deed of T?•??st shall not operate as a waiver of si?cli right, oli of at?y otliel• right, No single or partial exercise of any 1•il?t or re111edy he?•eundel• (31• ?zx?dei' the Agreerr?ent or any ather document or agreement shai 1 precl??de otliel• ar f???t11e1• exercises thereof, a1• the exercise of arty other right or ?•e?r?edy, Tlie accepta?ice of payment of any sr?tii pa}able hereunder, or pant thereof, aver the due date of srrcli payment shall not he a ?valver of Age?icy's right to either require prompt pa??rnent ?vheri due of all other s??ms payable l?e?•er?tider a1• to declare all event of Default for failure to ?nalCe proriipt o1• complete payrr?erit, ATTA??ViENT ND, 8B-? ? ??so?11 ?I????3?? ] 3t???? 72 •?? ? 1 15, uccsoi? al?d A?rg?ls, l7etie?e?i "??4.elie?" is ?'efet•red to ilk this ?tC, «eh I'efei'enee sha?i be deemed to IIiC?€Ide the a?nlnunit? ?ede?eloplnetit ?,ene? of the ?it? of Santa ?I?a alid ifs ueeessars acid assil?s, ilielUdin, ??ithaut Iil?itatloll, ali? s«bsecluent asslgtiee ar holder' of ti?is Note. ,ill co?enalits, pl'ovisions and a?reeli?elit ?? or all laehaif of Boy#ra?ver, and ??? behalf of al?y ??lakers, endorsers, «a1'a?I?tors and sut'etie hei•?of ??iiici? ?r? ?a?itained liei'eiti sliail initi'e to the henef?t aftiie ?genc?r acid Aene?'s suecessol's alid assigns, ?. Iseel?a?ieou?s, TII?e is off' the eseilee hel'eof, This Node sail be ga?erl?ed ?? acid eolitr??ed ltnder the la??s of the State of ?allfot'liia except to the etel?t Federal ia??s pt?eelrlpt the lames of the state of aliforli?a, Bo???'o?ver ?rre?oeably acid ??ncond?tio??all? s?bli?its to the j??r?sdietion ?f the Silperiar o??l•t of the State of allfortiia? for tiie ot?tity of ?ra?ie lti Calill?Ct1Q11 ?Vltll ai?? ?e?a? aetloll ar pl'?Ceed111 al'1Sili o?lt Df ai' i'elatlti to thl? date, Bo1'I'o??et' also ??ai?es any oh?ection rea?'din personal or ?? retn j??r?sd?ct?an or veti?e? ? ?????; ?r: its; ?? 7.?J??1 w? ? V 4 ? I D??50C1? ????i7??? 13i??027?-??? 1 ATT,AH?'I?NT N?, ? ?EORDIl? RE?TEST?I? B?, } ADD ?N RE?RDEI? ?riA,??. T?; ? ?rrrrrrlllrlt? ?d?v??Oplrretlt ??errcy } of fire ?#? of Santa Ana ? ?a ??ic Center Plaza ? atria Arta, California 9702 ? Attn: ExeCttti?e Dii•V.!#4/r ? Tlris dac??metrt i exempt fr?arrr ?rayrnent of a r•ecar'ding fee prtrsuartt to overrrrnent Code ectiorrs 27? S? and ? ? ?? . ???? or ??T A?? A?N??T or ANTS T?IIS ???D ??` TT ANA ASS?NNT ?? RESTS is made ? of the dad of ?? :`: ? ? .:?? :: ? ? :. ??? ? , ?a i o, b? arrd at?ang {?Tr?ustor?? ? ? ?vhose address . . ?s .. ... ...... .. ... .. . ... .. ?"Trustee}'? ??T1rDSe addr'e?s is ::. :? ? , acrd the ?i?iNYT? REDE'?EE4P?IENT .AEN'? ?? THE ?T?' ??` SANTA ANA, a public body, corporate and politic ?"Bene?ciar??"?, ??l?ose address is 2a i?ic Cerrter• Plaza, arrta ?t?a, Califor'x??a 97D ? F? DAD ANA '?ALUA?L? C?N?DEATi?N? including thetndebted??ess herein recited a?ld the ?r'l?st herein created, tl?e receipt of ??hich is ?rereb? acl?no?vleded, Tr?asto?? l?ereb? irrevoeabl? gratrts, t?'at?sfers, eonve?s and assigns to Tr'??stee, ?N TST, KITH P??R ??' SASE, far' tlae benefit acrd security of Beneficia.r?, under and subject to the ter'rr?s and condit?ot?s hereinafter' set forth, the p?'opert? located its tyre City of atria Aria, orrrrt?? of grange, State of Califoz'nia, drat rs deSCr"lhed lt? ?xhtblt A, a#taeied irer'eto and ?? tl?i? ??eferetree incor?poriated her'errr (the "Pl'Oper'ty"?, T??ET?R 1rT? all rents, iss?zes, profits, royalties, income and otlre?;benefits derived fr'otr? the Propert?? ?collectivel?, the "rents"}, provided that so long as Trustor is not in defa??lt lrer'eurrder, it shall be perrrritted to collect rents and operate tl?e Property; T?ET?E? NTH all itrterests, estates oa? other' clairr?s, both In la?v at?d rn ec?«rty ??l?rch Trustor' no?v has or mad hereafter` ac?illl'e irr the Property acrd the rents; T?ET?? iT? all easernet?t, rilrts-of???ay and rights used irr conxrectian tlrer'e?vith or as a means of access tl?er'eto, rrrcl??drr?, ??rtlrout lrn??trn the generality of ?l?e far'eoing, all tenerrrent5, 1re1'edrt?merrts acrd appua'tenatlees tiret'eof and the?'eto; T?ET? NTH arry acrd all buildings arrd irnpr'ovements no4v o?? hereafter' erected tlrereon, and all property of tl?e Trustor rro?v or hereafter' affixed to or? placed upon the Property, inel??d?ng, ??itlro??t linritation, all fixtures, attacht?rerrts, appliances, fi?rr?ishings, eq??xpt?ent and trraclrirrer'y ???lrether' fixed or rrro?able? acrd other articles ??ncruding, in eaclr itrstance, ATTAC?E?T ??, ?- ? DOCSDC?????73?rr 3124072-?00 l improvements, restorations, ?•eplacen?ents, repairs, additions, accessions or subStltutl0?ls tllet'eta or tl?erefor?; T?CET?.R NTH all leasehold estate, right, title gild interest of Tr?rstor ire and to all leases or ?€tblases ca?er'ing the P?•o?er?ty or any portion thereof no?v or• h.er•eafter e?rst?n or entered into, ar?d alI right, title a??d ir?ter•est of Trustor thereu??de??, ?ncludir?, v?ritl?o?rt imitatio??, all cash or secl?rity deposits, advance rentals, acrd deposits on ?ay?nents of similar t7ature; T??T?ER KITH all right, title ar?d interest of Tr?usto?? in and t? all aptior?? to ?urcl?ae or lease the Property or any po?•tiot? thereof or• i??ter•est therein, and ar??? g?•eater estate iri the Property o?vr?ed or llereafter• acgUlr•ed, T?C?THE? '1??TH all right, title acid i??te?•est ?' Tr'«stor•, t?o?? owned or l?er•eae?• acquired, in and to any land lyi?? within the right?of ??ay of any street, open or proposed, adjoining the Property, arrd arly and all sidewalks, alleys at?d stt4ips a??d Bares o? land adjacent to or used ire connection ??itll the Property; T?C?THER NTH all tl?e estate, interest, right, title, other elai?rr or demand, of every r?at?rr'e, rri and to such property, it?cludit? the Property, both i?? la?? and ire eq??ity, including, but not litr?ited to, aII deposits ??aaie ?vitll or• otl?e?' ??CUr1ty glverl by T?'ustor to utrlrty cornpan?es, the ??•oceeds from any or all of such prope?•ty, incl??di?lg tl?e Pr•opea?ty, clailrrs or dern.ands with respect to the ?•oeeeds of ins??rance in effect with respect thereto, ?vl?ich T?•?zstor no?v leas or may hereafter acquire, any and all a??ards made for the taki??g by eminent domain or by ar?y pr•oceedir? or prrr•cl?ase in lieu tl?er?eof of the ??Thole or at?y paa't of such property, incl?rding ?vitl?out limita.tior?, any a?var'ds res€?ltir?g froth a change of grade o? streets and a?raz•ds for sever+atlce damages; All of the foregoing, together uTitl? the Property, is l?ercin referred. to as tl?e "Security," p"?R THE P?1RP?S? ??' 5?INC; ? . Repayrrre?at of that certain p?•onlissory note in tl?e principal sum of $ : :: ? :..:.. :dated .:..?::::::a ?Ol o ?"Pro???issory Note"} ira favor ofBenefieiary. 2, Performance of all covenants and obliatio??s of Trustor ender that certain "Regulatory Ar•eex?ent" bet?veerl Trustor and beneficiary, of even date l?ere?vitl?, Payment and per?`orr?rance of all covex?at?ts and obligations of Trustor' under that certarrl "Disposition ar?d Development Agr•een?er?t" bet???een Trustor and Beneficiary, of even date l?ere?vitl?, ?? Payment and performance of all covenants and obligations of Trustar under this Deed of Tr??st? ATTAH?i?NT ?. 9-? DoCSOC1????b?3w? 1 ?i?U??7?-?D?1 ARTI?L? ? ?Lr?ITI?? 1, The term "xpit+atian Date" ?Y?eans tl?e date upon ?rl??ch tl?e P??otr?issory dote leas been paid i?? f??ll, a??d all atl?et• obligations tl?e perfa???nat?ce of ??hich is sec??red toy this Deed of Tt'ust have been satisfied, ?, ;`?r•ape?'ty" mea.t?s tl?e real prope?ity refer??ed to ?n exhibit A attached hereto, , "security" means tl?e Prapert? and all ap?u??tenant i?Y?pto?c???e?lts, ART??L? ?? AI?TNANE ???] ODY??A?`I?N ?? THE PR????T? ?D ??H???} R?L,?? U?? ?A?YNi??T ectio?i 2,1 Matntet?at?ce at?d Iodlficatian of tl?e P??apet•ty by ?'r«stor, Tl?e Ta•??star agrees that at all ti???es prior to tl?e C?piratiot? Date, tl?e Tr??sto?' ??ill, at tl?e T??«stat•'s o??rx? expense, ?na?t?tain and preserve tl?e l?rope??ty. ectia?? ?,? release of,ec?, upon its receipt of tl?e t•epayr?ent of alI alno??nts due ut?de?? tl?e ?t'arnissoz'y dote, and a?? other abli at?ons the erfortnance of ?vbich is secured this ? ? Deed of T????st have beets satisfied, the Beneficia?•y shall, upon tl?e regr?est of tl?e Trustor, delivez4 to the Tr??sto?? such lntrutents as are reasonably necessary to co??firn? the release of the security frox?? tl?e lie?? oft?is Deed ofTr??st, ?RTIL? ?? I?I???'RI????A.'????, ????A?T ADD A1?N?'? ??` ?'HL '?T?R ectian 3,? Defense ofthe Title, Tl?e Tr??sta?' covenants that it ? la?vfr?lly seised and possessed of title iii fee simple to the Property, that it has good. ?iigl?t to sell, coney or• athel;v?ie tt•at?sfer oi• e??cr?rr?bei' the a??e, and that tiae Ti??stoi•, fog' itself and its Successors a??d assigns, tivarra???s at?d will farevei• defend the right at?d title to the fareoit?g described acid cot???eyed pi'aperty u??ta tl?e Beneficiary, its sriccessai•s and assigns, against the claits of all persons ?hoinsoe?er, excepting only enc??inbi•ar?ces approved by the Beneficiary, Section .? ?i?s?e?tiot? of tl?e Pt??p??'ty, Tl?e Trutor covenants anal agrees that at ally aid all reasonable tin7es and ??poz? reasai?able notice, the Benefclai' at?d its dul authorized y y agei?ts, attol•t?eys, e?pex?t, enitleei'S, accountants and represe??tati?es, shall have the i•ig?at, ??rithotit payinent of charges or fees, ?o inspect the P?'opei?ty, ??= 1 V????? ?J 4 J ?o?sQ?????????'? ????????????1 AI?T?L Y? ??E"?S ?F D??.?UL'p A??] R???II? Section ,?,1_ ?ver?ts of Defattlt Defined. Tire accurrence of any failure of the Ttsustor to pay the ?'romissory dote or #o otherwise perfa?4?r? ? a?ligation tl? perfarmance of which is sect??+ed by tltis Deed of Trust, and fire cantinuatiart of sttclt failure far a period of thirty ??} bt?sir?ess days as to tnanetary ohlia#ions ar?d sixty ??} business days as to Hari-monetary ob?iatiatrs far sucl? additional time as tray be reasanahly Necessary p?"avlded #hat Trt?star comn?e?ces cu?•e wi#ltrri sucl? sixty ???}day period and #l?ereaf#et4 diligently pt"osect?tcs such ctu'e #a cor?.pletion}, a?e?? wrttter? Nonce specify?rtg such failure and re?t?estin tl?at it be r•e?r?edied shall slave beex? give. to Trustar from file Beneficiary, shall be ate "??ret?t of Default" or• a "Defat?It" tinder{ tlais Deed of Tres#? Sectiatr ?,2 Accelez'atiori of aturit . ?f a?i E?ex?t of Defat?It sltall nave occtu'x'ed and ?? cotltlnuing, tl?en ttte entire indebtedness secured ltexeby shall, at tl?e optian of #lte Beneficia?"y, irnN?ediately ?eco?ne dt?e rid payable witl?ottt native or dema??d wlticl? are hereby expressly waived, and no or?nissiart ors the part of tl?e Beneficiary to exet?cise stzch optio?? wl?en er?t?tled to da so shall be cortstz't?ed as a waiver ofsueh right, Section ?.3 Tl?e Betlef?ciar 's ?i lit to Bt?teti and Take Possession. ?f aN Event of Default shall l?a?e occt?r•red and be contirtt?in, the ?3er?e?ciary may; ?a} EitherF iN persot3 or by agent, ???i#l? or ???itl?ot?t br"ingirrg a??? .c#ion or proeeeding, or by a reeei?er appointed by a cat???t, ar?d ??it?xout regard to the adequacy of its secu?•ity, e??#e?" upon the Prapctty and #al? possession tl?ereof ?or? any pay+t thereaf} a??d of a??y of file Secttrity, in its awN name or in the r?atne of Trustee, and do any acts whicl? it deems necessa?•y or desirable #a preserve the value, marl?etability ar ren#ability of the Praper+ty, or part the?•eof o?"interest #herein, ittcrease the income #he?•cf?"orn ar• p?•o#ect t17o ect?r?lt? ??e?•eof and, with or wi#hot?t taking possession of tl?e Ptaper•ty, stye for ail otherwise collect the rents, issues and profits tl?ereaf, including tl?ose past dire and unpaid, arld apply tl?e Sartre, less casts at?d axpet?ses of operatiar? and collectiat?, including attotr?eys' fees, t?par? at?y it?debted??ess secured ltereb?T, all its Streit ardor as Beneficiary may determine. The er?terit?g upon and ta?itlg pasession of the Propet4ty, tl?e collectiar? of sucl? re??ts, issues and profits and the application theteaf, as afatesaid, shall Hat cure ar wane any Default ar notice of Defa?zlt lleret?ndcr ar tnval?date any act dotle in ??esportse to such Default or" pursuant #a st?cl? notice of Default and, natwi#hsta?ding rite contit?uat?ce in possession of #l?e Property ar the collection, ?"eceipt and application of rents, issttes otk profits, Beneficia?",y shall be etttttled to exercise c?ery tight provided fat" iri #l?is Deed of Tt`tlt, the ?gree?r?ent or by law upon o?currer?ce of atly ??er?t of Default, ir?cludirt the right to exercise the power of sale Trustar re?t?ests that a copy of any o#ice of Default and a cagy of any notice of Sale her•et?nder be mailed to Tz?t?stot• if at its address given herein; ??} amtnence an actiotr to fareclase this Deed of `?'?"ust, appoint a reeeiver, or specifically enforce any of file co?et?ants hereof; ?c} Deliver to Trustee a wri#tet? declaration of default and detrtand far sale, and a written notice of ?le?'at?lt and eleetio?? to ca??se Trusto?•'s interest in tl7e property to be sold, ATTA?IBT ??, 9-4 1???DCII ?ODG7?v? 31??????-0?0 ? ??hich notice Trr?stee ar Beneficiat?y shall ca??se to be duly filed far recar?d in tl?e Official Records of the bounty i?r which the proper*?? is located; ar ??} ??er'cise all otlrer• rights arrd ?•er?redies provided lrereirr, in tine instrume??ts by ??lrich the Tr??stor ac???irs title to the property, including any Security, or irr any other doctrrrretrt ar areerr?ent noti? a?i l?er'eafter e?iderrcing, creati?? ar' sec?zrin all ar? any portio?a of the a?ligatiarrs secured lre?•eby, or pravided by la??, ectiorr„ ?,4 ,?orec?asr?re,,,B?? Po??ret? of male, houid the Beneficiary elect tv far?eciase by exercise of flre pa??er of sale lrerei?r carrtai?red, fire >eneficiar shall Motif Trustee acrd shall de alit ?' ?' p ?vltl? Tr?rstee tl??s Deed of Trust hand the depasit of ??l?ich shall be deemed to corrstit??te e??iderrce t}rat the a?rrar?rrt of fire Promissory dote i immediately dr?e acrd payable}, acid s??cl? receipts acrd e??rdetrce of airy expenditures ?rrade that are ad?litio?rally secr?red hereby a Trr?stee array require, ?a? l?pon receipt of such notice from the ?e?reficiary, Tr4ustee shall car?se to be retarded, publlslred and de?i?er?ed to Trustar' such notice of Defa??lt and election to Sell as their re?r?ired ??? la?? and by this Deed of Tr•ust? Trustee shall, ??ritlrot?t derrrand ot? Tr??stor, after lapse of s?zch time as ??ay tller] ? r"equir'ed by la?? and after• recor'datlarr of srrclr atice of De?'ar?lt arrd after ?ot?ce of dale ha??irrg been given as req?zired by la??, sell the Prape?•ty, at the time acrd place of sale fixed by rt rrr said Notlce of Sale, either as a ??hale ar• ix? separate fats ar parcels ar' lter?n as Tr?rrstee shall deem expedient and irr s??ch order s it may deterrrrirre, at public a??ctiorr to the lriglrest bidder, for cash i?r lawful rrra??ey of tl?e United states payable at the tine of sale, T??ustee shall deliver to sr?cll purci?aser ar• purchasers thereaf its goad at?d sufficient deed ar deeds can?eyltr the pr'aperty so sold, but 4?rthor?t any ca?er?arrt or• arrarrty, express ar implied. The recitals irr s??cl? deed of any rnatter•s ar Facts shall be co?rtlusi?e proof of the ?r??#lrfi?lness thereaf, Any per'sa?r, including, ???thatit ??tnttatrarr, Trr?stor, Trustee ar• beneficiary, tray p??rc??ase at s??c?? sale, anal Tr??stat• hereby co?errants to ??ar?•ant acrd defend the title of s??ch p??rclaaser or pr?rclrasers. ?h After deducting all reasonable casts, fees acrd expenses of Tr??stee, rtrclr?d?ng costs of e?rdence of title qtr carrtrectran ??rth sutlr sale, Trustee s??all apply tie proceeds of sale to payment af; ?i} tl?e Prainissory date; ?rr? all other• s???ns then sec??i•ed hereby; and ?lil? the ?•et?rairrder, if any, to the person or persons legally entitled tlrex?eta, ?c? Trristee may postpone sale of all or airy po??tion of the Praper•ty by public airi?or?t?cerneirt at such time acrd place of sale, arrd from tine to time tlrexeafter', aid witlrarit firr'tlrer iratice r?ral?e such sale at the tiir?e fixed ? the list postponement, or Wray, iir its discretion, give a ne?v notice ofsale. ectiorr ?,? l?ecei?er', ?f a?? >??errt of Default shall lra?e otturred a??d be continuing, Beneficrary, as a matter of r•rglat arrd 4?ithout f?irtlrer notice to Trustar• ar at?yane ciaitriirrg ender Security, and 1?rltl?lout regard to the there ??all?e of the property or• tl?e ir?terest of Tr+ustar• therein, shall lra?e the right to apply to any court l?a?trrg jur?sd?ttiarr to appairrt a t?ecei?er• a?i reter??ers of the eturity far a pant thereof}, and Tr?ustor hereby ir??e?acably tarrserrts to such appointrneirt? Arry s??c?h ?"?G?1???• or? receivers shall lra?e all the po??ers a??d duties of ??ecei?ers to life ar; si?r?ilar' cases, and all the powers gird duties of Be?tef ?cia?•? itr case of e??tr'y as p?•a?tded herein, acrd shall DSO Cl? 4006?3?? l 3f????7?-?D? 1 ATTA????T N?f 9-5 continue as such and exercise all such po??ers r?ntil tl?e date of confirmation of sale of the Property, ux?less such ?•ecei?er•sl?i? is soorte?? tee+rrrirlated. eetiar? ?? remedies cumulative, ?o r•igl?t? po??er• or r•ernedy conferred uparr or r•eser?ed to tl?e Beneficiary by dais Deed of Trust is intended to be exclusive of any atlier• right, po??et ar remedy, ???# each and every such tight, po?ver and t•emedy shall be c???rtulative and coltcurrerlt a??d shall be ire addition to any other tight, pa??rer• and remedy grveri l?ex'er?rider• of t?a?? or hereafter existing at lam ar in eq?rity, section ?,7 a ai?er? ?a} ?Io delay ?i' omission of the Beneficia?'y to exercise any tight, po??er• or' rernedy accr?rir?g t?porl a??y Default shall exhaust ar impair arty such right, po??er or remedy, or shall ?e constr€red to be a ?rai?er of ar?y srich Default ar acquiescence thereir7; and e?er•y i4iht, power and rerrredy given by this Deed afTrust to the Be??efierary ?x?ay be exercised fi?o?r? time to titrre and as aftet? as may be deemed expeditious by the Ber?ef iciatiy? o consent ar• waiver, expressed o?i itsplied, by tl?e Beneficiary to ar of a??y breach by tl?e TrTr?stor i?? the perfortrrar?ce of the o?bligatior?s herie????der• shall be deerrred or cor?str•ued to be a co??sent to or ??arver• of obligations of the Tt'ustar hereunder', Pai lure ors tl?e part of file Ber?eficiar'y to complarn of any act or fail??re to act or• to declare ate Bver?t of Defa???t, ir'respect??e of llo?? long s??cl? farltzre col??irrues, shall riot constit?rte a ??aiver4 ?y the Be??eficiary of its right her'e??t?der ar' irr?pair arly ??ights, poets ar remedies consequent o?? any breach ar Default by tl?c ?'r'rtstor?, ??} ?f tl?e >er?eficiary ?i} grants for•beararrce or an extension of time for• the payrrrent of airy sums sec??red hereby= iii} takes other' or addrtronal sec??rity or the payment of a??y sums secured ltereby, ?i ii} waives or does not exercise arry right granted herein, of ire the Agreerr?er?t, ???? releases any part of the ecr?rity fr•on? tl?e lien of this Deed of Tr?zst, or otl?er??ise changes any of tl?e tetlrrs, covena?Yts, cox?ditians of agr'eer?ents of this Deed of `rust or• the Ar•ee??nent, ??} cor?se??ts to tl?c filing of arly r?nap, plat or ?'eplat affectlrlg the ec??rity, ??i? consents to the gi?ar?ting of ar?y easet?ic??t or other milt affeetrng the ec?u•ity, or• vii} makes or consents to ar?y areerner?t rrhordit?atittg tl?e lien hereof', a??y such act or or?issior? shall trot release, cliscl?are, modify, change or affect the original liability under this Deed ofTrust, or• any other obligatior7 of fire Ti?r?star or• any subsequent p??rcl?aser' of tl?e ec??rity or any part thereof, ar arly maker, co? signer, endorser, surety or gt?a??ar?tor• ???tlless expressly r•eleased?; r?or shall any s??cl? act or omission ??•eciude the ?er?ef ?cia??y fr'ot? exercising any right, pa??er' or ptitvllege herein granted. ar intended to be granted rr? tl?e ev??t of at?y Default then made or of a??y subseq??ent Default, rrar•, except othcr'???rse expressly p?"o?rded ?n atl rnstrument or instr?rrnents executed by the Beneficiary shall the lien of ?l?is Deed of Trr?st be altered tl?erehy, err tie e??ent of the sale ar transfer' bar oper'atiar? of la?? or other??ise of all or any part of the Property, the Benef ?ciat?Y= ?vithor?t notice, is hereby authar•ized and errrpo??ered to deal ???itl? ar?y such ?er?dee oi• tr'ansferee ??ith refe?•nce to tl?e eeurity far a pa?'t thereof} or tl?e rndebtedt?ess secured l?er'eby, or ??itl? r•efer'ence to any of the ter'rns, covenants, cor?ditio?xs or ar•ee?rtents het•eof, as fully aril to the same extent as it aright deal ??Tith the Tr'ustor and ?vitlro??t in any ?vay releasing or discharging ar?y lral??lttres, ob??atrons or? t?t?dertakings aftlre Trrrstar•, eetioti 4,S nits to Protect the ?eci?r'it , ?'he Beneficiary s1?aII lave pa??er• ?l?pon ?lrnety ??a? days notice to the Tr'??tor} to ?? i??stitute at?d maintain such s??its and pr•oceedirrgs as DQCS0?1? ?00673?tt3I2??27?-0??? it may deem e?pedierlt to p??e?ent ?? impairment of the ec?rrity hand the rights of the Beneficiary as secured by this Deed of Trusty by any acts ??hich may he unla?v?i?l or any violation of this Decd of Trust, fib} preser?re or protect its rnterest has described in this Deed ?f Trust} its the ecl?rity and in tl?e rents, issues, profits and revenues ar'rsrr?g ti?erefrotr?, and ?c? rest?•ait? the enforcem?et?t of or cor?rplia??ce itl? any Ieislatior? or other go?ernrnntal erlactr?net?t, rr?le ar order' that may be u??cor7stitutional oz4 otl?er?urse rr?valyd, if the et?force?rrent far compliance ?vith s??ci? enactment, rule or order ??auld rrrrpalr? the security theret?r?der or be prej?zdicial to the interests ofthe Beneficiary, ectio?? ??9 Trustee l?a? _F??? P??oafs of Clain, ?z? tine case of a??? rec?i?ership, insolvency, bankruptcy, reorganizatiar?, arrangement} ad?ustr?et?t, co??position or atl?er proceedings affecti?? the Tr??stor, its creditors ar its property?, the Benef lclar?, to tl?e exte??t perr?ritted by la?v, shall be entitled to file sr?ch proofs of claim and other documents as may be ??ecessary or• advisable in order to lave fire claims ofthe Beneficiary allowed i?? such proceedings for the e??ti??e at?raunt due and payable by tl?e Tr??stoz? u??der this Deed of Trust at the date of the ir?stitutiorr of such proceedings at?d fora any additional a?nour?t ???l?ich may becot?e due ar?d payable by tl?e Tr??stor hereunder after s??ch date. ART??? ? ectian 5, t Amendrr?ents, This instrume??t eaririot be awed, cl?at?ed, discharged or• ter???inated orally, but only by an ir?strurnet?t tt? ??ritir?g signed by tl?e party against ?vliorrr er?forcen?ent of any ??aiver, change discharge or ter;rni??atiar? is sought, section 5.2 Recorrve ??ce b Trustee, ?Jpon ?v??ittet? request of Beneficiary stating that all srrrns at?d other obl?gatrons sec??red he??eby I?ave been paid or periforrrred, and ??pon s??rre??der of this Deed of Trust to Trustee for cancellation ar?d rete??tiox?, and rrpan payrrrerrt by Trustor of Trustee's reasonable fees, Trustee shall recot??ey to Trustor, or to the person or persons legally entitled thereto, ?itl?out ?arrat?ty, ???? po??tion of the property then held her+errr?der, Tile recitals in such recorrveyance of any matters or• facts shall be conclusive proof of the t??r?tl?frrlriess thereof, Tl?e grantee in a??y reconveyance Wray be descxkibed as "the person or person legally entitled thereto," ectiorx Si3 ?ttarr?eys' fees, ?n the event that a??y parties lrer'eto resort to legal action in order to enforce tl?e pra??srons of tlir Deed of Trust or defend s??ch s??it, the revailin art p g p ?' sl?al be entitled to receive reir?burseruent from the non-prevarlrr?g pa??ty for all reasonable attorneys' fees and all other costs incurred in cor?r?lencing ar defending such su?t? ectian ?,? notices, henever4 Beneficiary, Tr??stor or Trustee shall desire to give or sere any Notice, demand, request or atller con?nr?unicatiar? 4vitli respect to ti?is Deed of Trust, each such r?otlce, demand, req??est, oa{ other cornrnut?ication shall be in ??rrtrr?g and shall be effective only if' tine sage is delivered by persorzal service or z?ailed by registered or certified rrrail, postage prepaid, r;et??rr? receipts requested, or by telegrams, addressed to the add?•es set forth in tl?e first pay+agr?aph af' this Deed of Trirrst, Arly patty may at an?? tirne change its a?id?•ess far ?TTl 14J11Li ,T ?LJr J I T~T~ aF ~~rFOR~ ~ ~ , before I~1~, , ~otar~' P~ll]11C~ Print ~a~~7e ofNatar~ ~'u ie) ~er~onaii~ appeared ~vho proved to one a~~ tl~e basis of satisfaetor~ ~ridet~ce to be tine pero~~~s} ~~rl~ase ~~a~~le~s} islare s~~l~seril~~d to the ~vitl~in i~~st~~~~r~~e~~t at~d ach~~o~v~ec~ed to tree tl~at l~elheltl~ey exee~~ted the same i~l ~~isll~erltlleir a~rtlYOri~ed eapacity~ies~, and that b~? his~re~*ltheir sig~~at~~t~e~~} tl~e i~~st~~~~x~~ex~t t~~e perso~~~s~, or tl~e entity upo~~ l~el~alf of ~vi~icl~ tl~e per~ta~~~ a~te~, e~ee~ated tl~e i~~~tr~?me~Yt~ ~ ee~•tify ~~ncle~~ PNA~LT~ P~~~UR~ ~~~~t~er tl~e la~v~ o'the state of California. that the foregoing paragraph is tr~~e a~~d eo~~~ieet. ITN rn~t hand and afficial seal. ~~nature o~ Nv~ar}~ pE~~~i~ ~PT~N~L Ti~ougi~ the da~~ ~clo4v i not reci~fired by la~v, it ~~~y prove valua~ie to persatls reining of~ tine ~oeu~~lent and co~~l~ preveftt fra~~duient reattachf~~et~t afthis for~~~, ~APA~IT~~ ~LAI~IED B4~ SIGNER DEC#~Z~TX~~ D~' ATTACHED DD~U~IE~T q ttldi~ricinai ? Cori~orate ~#'f'ice~i Title(s~ Ti~~e ~r Type OfDOC~~C~eltt Partner{s} Q Li~~~i~e~ ? general ~ Attarne~-Ifs-Fact q Tr~~stee(s~ ? ~rl~~f'C11~f1~DIiS~1~'~tUl' ~urn~er 0~~'ages q ~t~l~r. Sig~~er is representi~~: Date D~ Doc~~n~e~~ts Signe~s~ a€~ier Tien Named Ab~~~e DO~~~CI1 ~~o6~3ti~t 31~~~27~-~~~1 ATTAHENT ~~.1 ~ ATr~l~l~~~r ~ o l~~I~}UA~, l~~C~I~T R~,C~I,~RTI~N~ Previous Year current Year Budget Budget Actr~el difference ~peratln~ Income Rent Payments In~er~sl< ~arni~gs ~ Addltlorral lr~eeme ~ Total operating Income II. ~~eratina Ex~er~ses 1'rvpefy M~nagemer~t Expenses Adrninlstrative expenses ~ Mal'n~enance payroll & Expenses t.Jtllity Expenses Taxes ~ 1ns~~rar~ce $ dental Expenses Total ~perating Expenses 111, ~artnersf~lp Expensea Partr~ersl~lp ~lar~agement Fee Asset Management Fee Total Fartnersl7lp Expenses ~ #nc#udes revt paid from a#! spurs inc#udir~g Secs#on ~ rer~taE assitavice. 2 ~x#uding carvings on ca~itai reserves avd tenant seeurit~ depasits. ~ Includes #at~ndry, wending rr~ac~ive, app#icatton fees, tenant forfeited deposits, and Vines #ew~ed against tenants. ~ !vc#udes empiayee saiaries; a~couvtir~g and ~oatCeeping; legai; mpl#ance rnar~itorir~g; and collection losses. I€~cludes real estate and payro## taxes. ~ #nclude pra~e~y and #ia~iiity insurance; fideiity ~ovd insurav~e; ~~artcer's r~mpe~~s~tion ivs~rance; and #~ea#tt~ i~s~rance and emp#eyee iaeve~ts. ATTACHE~T 1 ~ DD~~~II ~10~G?3~ft 3~~~~~7~-~OOI A 1 T~,~HNI~N 1 N ~ ~ ~'~R OI` ~~BU~~~ ~~AN AR~~NT T~~ ~~IEBU~~R LEAN A~~ViENT nth is "Agr~cenient"~ is made as of ~ Q b and be en ~~e ~t~e "Ho~~~ebuyer•"~ and tl~c Oi1~~JNIT~' D~'~~~~P~NT A~N~ ~ T~~ IT'S SANTA ANA, a p~~blic body, corporate and politic ~tlie "Agency"}. R~ITAL A~f The Agency ~ a ca~nmunrty rede~eloptnerit agency duly ararii~ed and existing under• the aliforriia otntni~nity Rede~eloprnent La~~, Health & safety bode ectrori ~OQO, se~~., ~"~L"~ and leas been a~~tlio~~ized to transact business and exercise tl~ pov~Ter of a con~n~u~lity rede~elop~~~ent agency p~u•s~~ant to actiori of the pity ~aur7cil ~"pity orrncil"} of the qty a~ Santa Aria ~"rty"~, The Hornebuye~• leas et~ter+e lnta a pl~rchase acid sale ag~•ee~ret~t ~tlle "purcl~ase Ag~•eet~lerit"~ ~~ritli ~ ~ _ , . . ~ :..stile `~eller~" or~ "~e~eloper"j to purchase certai~~ real proper•#y i~npio~ed 4~ritli a single family lioErse thereon, Such real ro ert is ~ P y carntiloniy kt~a~~ri as . ~ ~ ~ : ~ Salta Aria, ~aliforl~ia, and snore par•tic~~larly described i~~ ~xl~ibit "A" attached l~ercta and incorporated liereiti ~tlie `Property"~, Tl~e Aget~cy is eriaged in activities rieeessary acid appropriate to carry out the ede~eloprnerit Plan ~tl~e "Redevelopment Plan"~ far the verged Rede~~elop~nent Pr~aect the "Project Area"~ ~liiCh vas adopted by the pity our~cil by ~r•di~lat~ce dos. ~~G~-~7 adopted by the pity auncil of the qty of Santa Aria ~tlie "pity"~ on epte~r~bel~ 3Q, 2aQ4, D, ~'~#~•suant to Section ~~~3~~~, e~ s~~~, of the ~L, the Aericy bas deposited Funds into its La~v and ade~~ate Income Housing Fund the "pausing Fund"} for tl~e purpose of provrdr~~g sr~bsldres tp, or foci the benefit af, persons and faniilies of Low and Moderate ~ncotne in order to assist them rri obta~nttl hausrri ~vrtil~i tl~e conirnurirty, Tlie P~•operty liar beets constructed purs~~ant to a {`Dispositio~x a~~d T~e~elapmerit ~.greernerit" bet~veen tie Agericy arrd : ~ ~ ~ ~ ~ ~ dated as of ~ ~ ~ ~ ~ ` ~ : ~ , ~D ~ Q. developer i~a assumed the obligations urider• tl~e Disposition aril ~e~eloplnerit Agreement ~vitl~ respect to the Phase FS ~sirigle family hones}, as defi~~ed therein, p~~r•suant to a~i Assrgrirnerit and t ~rtli . . Assl~mptian Aa~eemen ~ ~ ~ ~ : ~ T ~e D1 osrtrori a d De~~elopmer~t Agreernerit ~~quires the ]~evelap~• to sell the Pr•aperty to a "Moderate ~ncor~le Ho~~sehold" at an "Affordable Hausln aSt," as t~~ose terms ar•e defined in alifarriia ~eaitl~ ~ safety bode sections 5QQ5~,S acid QO9 and tl~e implernetitin r*egulatioris thereto ire Title 2, ~alifortlia fade of ~e~zlatioris, Sectiori ~ D, e~ serf, F, The Dispositiori and Developrnerit Agreement requires the ~er~cy to eriter into this Agr•eemerit to establish a s~~bor•dinate loan secured by a second tr•~rt deed to tl~e Harnebuyer•, ATT~~H~I~~T N~,1 ~ ~ 1 Farm of l~on~ebuyer• Loan Agreement 1~~~C# 1 ~~~C~73 131~~0~72-DDS ~ at~d for tl~e Hornebuyer to agree that tl~e Prapet~ty nay only be marketed acid sold. ar~d re-sold ~or• othe~~~~ise transferred ire ~~hale ar in par•#~ to ather• q~talil~ed Moderate Incatne Ha~seholds at an Affordable Housing host for a fo~~ty~~~e ~4~~ year period canforrning to Healtl~ Safety fade Section 33aa0, e~ set,, in particular Section ~3~~~~ e~ ~e~~. {tl~e "Pr•agr•atn"~, Tl~e Agency has elected, pursuant to Health at~d Safety bode Section 3333~,3~f~~I~~~~ to per•rnit sales of tl~e Prioperty prior to the expiration of the fai-ty~five year period far a price ire excess of are Affordable Hauling fast pt~rsuar~t to a~~ adapted pr•orar~~ t~vhicl~ protects tl~e Agency's investment of moneys ~'i•am tl~e ~av~ at~d Moderate Incan~e Ha~~stng Fund, tlrr•ough a schedule of equity shat~it~g that permits r•etenfian ley the Hon~eb~tyer of a po~~tian of those excess proceeds, Tl~e Harne~~tyer regrrires financial assistance to purcl~ase the Pr•aper~ty at~d mould ~xat b able to purchase the Property ~~rrtl~out such assistance. Tile Hornebuyer rs a person or• fan~lly ~~i~ose tncat~e is less than Moderate Incarne, as such tet~t~ is defined by ~alifor+nia Health Safety fade Section 5~0~. H. The Hotnebuyer represents at~d ~uarrat~ts to tl~e Agency that the I-Iarnebuyer at~d tl~e Hot~~ehuyer's rrntnediate fat~ltlyll~auset~atd ~nei~~bet•s intend to reside in the Property as their pr•ir~cipal residence at all tithes durrr~ the period ofthe Hornbuyeri's a~ri~et~hip ofthe Property. I, The Aetacy ~~tshes to lend arld tl~e Hatneb~tyer ~~isl~es to bax,ra~~ train tl~e Agency firr~ds ~n the form of a forty-fig=e {45} year loan ~tl~e {`Har~~ebuyer• Assistance Loan"~ secrrt•ed by a subordinate lien deed of trust to assist tl~e Ho~rrebtlyer• to pay a portion of the purchase priice, do~~n payment, andfar closing costs necesar;y to buy the ~'i•opet~ty put•s~rant to the Program arld subject to tl~e terrrrs ar~d candrtrons set fot•tll herein, The pr,it~cipal balance of tl~e Hotrrebuyer Assistance Loan rill be fai~givet~ in the e~er~t that the Harnebuyer ~includit~ its permitted assignees ar~d transferees i~as cotriplied ~vith ail of the terms and conditions of #his Agreernet~t dutiing tl~e Affordability Period, J~ Fat a period ~tl~c "Affor•dabilityP~riod"} cor~~rl~encir~g upon tl~e date an Mich the Ho~rreblryer acquires fee title to tine Prape~•ty ~tl~e "Harneblty~r Assis~arice Laat~ Date"} ar~d terminating on the tarty-ftl~ ~~4t1~} ar~r~i~~et~sary the~~eof ~tl~e "Affordability Period Terr~~ination Date"}, tine Pt~opet~tY t~~ay only be transferred to ar~atl~er eligible, qualified Moderate It~cor~te Household at an Affordable Hausrn fast ~"Etigihle Persons and Fa~~~ilies"~~ Hatnebuyer r~~ay, ire Harnebuyer•'s sale discr•etian, opt to t~•at~sfer the Pr~opet•ty at a price in excess of are Affordable Housing fast durrn the Affordability Period pursuant to Section l,f. hereof, upon payrner~t of are equity shar4in amarrnt to the Agency l~er•eurlder, ~0', T~ER~F~~, its canslderatian of tl~e mutual prarnises ar~d co~et~ants set fat~th herein, the Parties l~er•eto agree as fallo~~s: 1, ~onlehuyer~ Asis#a~~ee I~oar~; Pr~ornissary Nn~e, 1,1 ~Ior~~ebrryex~ Assas#aaice Laar~, Tl~e Agency loans to the Hornebuyer and tl~e Har~eb€ryer borrio~~s from the Agency the amount of , ~ ~ . ~ . ~ ~ Dollars . . ` ~ ~tl~e "Homebuyer• Assistance Laar~ Atno~tr~t"}, subject to tl~e conditions and restr•ictians set for•~l~ herein and thane set forth in tl~e Pran~issar•y Note, Agency Deed of Trusts Notice of Affordable Restr4ictions, Affordable Hatrsir~g Resale Restriction, ar~d Disclosure AT~I'AHM~NT N~,1 ~ -2 Form of Har~rebzr er Loan A reetnerrt Y g DOCS~CII ~~~~73~t131200~7~-400 ~ Statement has tl~ose #et+zn~ ate ~ler'~inafter de~~~ed~. T~~e De~eaper' are the Horne~t~~r' ~~a~e opened an escrov~ ~Escr'o No. ~ ~ ~ . ~ : ~vitl~ ~ . . ~ ~ ~ : ~ esera~~ltitle eamparlY~ ~ot~ Hot~tebuyer~' acquisition of the Property the "~sct'o~~r"} al~c~ the Ael~c~r sl~all a an additional par'tY to tl~e Eer'o~~ cot~~nection ~~itll tl~e Homebl~yeri Assistance Lawn, I~Z Prolnisso~~ Node, Tt~e Harne~tryer l~all e~ec~~te, t~al~et;, and deli~et• to the Agency, ~ prornlssory note in fa~oz~ of the Agency, a l~older, ~uhstantially in the form of Exl~ibit that is attached #1er'eta and irrcor'porated herein by tl~i re~erenee ~tl~e "Note" or "1'ron~isory Note'}}, As n~ot'e ~at~ticularly provided ire the Nate, tl~e essential terrns and condrtror~s of the Horneb~~yer' Assistance Loan at' a~ follo4~s: t Tel~nx. The terra of the Note sl~all be forth-fire ~~5} years frorn the ~lor~7ebuyer Assista~lee Loa~~ Date ~tl~e "Terre"}. b. dote Amou~~t, Tl~e s~ttn~ lte a~~d paya~e p~~t's~~ax~t to tet'ms and pro~~stor~s of the Note car~sist of both the ~Iornebuyer Assistal~ce Loal~ Arno~r~~t a~~d t~~e Cor~tir~er~t Eq€ri#~~ Par'trcrpatton Atnocr~~t, a both terns are herein defined {collecti~~ely, the "Note Ar1~o~~nt"~~ As orle colrrpone~~t of tine Note Amount, tl~e Hot~reb~~yer shall pay to the Ael~cy tl~e principal arno~rnt of ~ ~ ~ ~ : ~ ` ~ ~ ~ ~ ~ ~ ~ ~ ~-.Dollar's ~ ~ ~ . ~ ~ ~ a itl~ zero percer~t ~a~I~} interest thereon, subject to suhseetlarl ~c} belo~~r, c~ Cols#il~g~t~ ~tlui#y I'al~tleipa#lon ~ri~our~f. As a secarid cornponent of the Note Alnottr~t, tl~e Hotnebuyetk shall pay to the Ager~ey, together ~~~ith the v~l~ole of the Hort~ehuyerF Assistance Loan Alnoul~t} tl~e "Cor~finet~t Equity Par~tieipatiol~ Atnol~nt" if`r'equired by section 3, t~. ~Io~i~ebuyez~ Asls~azxce Iaoal~ Amou~i#~ Interest Defe~~red U~itil Acceleration, Tl~e olnel~~zyer{Assistance Loan An~o~~nt shall accrue zeta percent ~a°Ia~ ir~terest ~~r~less acrd ur~trl an e~rer~t of aecelet'ation occur's as set ~ot~h its Section l ~~~~3 its ~~hieh event ~ "Continge~~t Equity Partrerpatron Amount" shall heeotne due a~~d payable by t~~e Hon~e~ryer if regr~it'ed by ectiot~ ~ol~l~ll~l~'1r1' Asslstal~c Loali Anl~~i~l#~ ~'iYne 0~ ~ay~11~I1# ~liil rorgi~~eiiess, No repayrnerit of the Horr~eb~t~?er' Assistance Loan A~r~olrt~t shall be required ~~nless at~cl until tl~e Note Ar~aunt l~ecornes clue and payable, s provided il~ subparagraph ~ beo~v, f. Acceiera#tarl, Tl~e rl~ole of floe Note Amount and all otl~e~~ pa~Trrtel~ts due hereulYder shall becotne date ar~d be irnrnediately payable to the Agency by tl~e Hotneb~t~rer ~tpol~ tl~e oceut're~~ce of ~~y one of the follo~vit~ events of acceleration: ~i~ Tl~e Hor~nebuyer sells or• tra~as~et+s the P'r'operty for any pant then;eat by any mean, it~elcrclirt, ~itlio~~t limita~ian, tl~e lease, the rentl, the e~cllarle ar otl~er disposition of the 1'roper~ty ot• any interest tl~e~'eit~, ~~rhether ~rall~ntary ar ln~raluntary, e~eept ~A} a sale of the Property to an elrgrhle, cfualified Moderate lneorne ~Io~~sel~old at ail A~fot'dahie Horsing Cost 4~Titl~ tl~e Agency's prior ~~ritten appra~al accon~plisl~ed in strict conforrnit~r ~~itl~ eetion 4, or tl~e transfez# of ttae P'~~opet~ty solely a a result of tl~e marriage, di~arce, ATTACHMENT i Form ofHoebuyer Lawn Areerner~t ~~~oCll ~00~73s~13~2~02?~-0~~ 1 incampete~rce or deat~a of ot» or more irrdi~id~~als corrstituti~~ tl~e Hamebuyar+, sa long as the tran~f er4ee~s tie ~vr{ltten tea#lce r~~pa~~ted b~ reasanabre evidence a~' s~tcl~ event #a tine Agency ~~ithi~r tlrit~ty ~3a} days of its occurrence and the trax~sfe~;ee{~~ asu~r~e~s~ the Hor~.ebuyer's ol~liatio~rs under this A~'eet~elrt, by execution of ail assinrrretrt acrd assun~ptian arcernent to be provided by the Aetrcy, ar a sale or tratrsfer ~rl~ih render federal lam ~~o~~id not, by itself, permrt the Agetrcy to e~ex~eie a due on sale or~ due orr enc~~trrb~~at~ce clal~se~ ~1r~ The Hornehuyer refinances any p~~rclrase rnaney first lien or atller permitted eneu~r~hrance to ~~hich the Agency Deed of TxRr~st has hereit~af~er defined} is subardina~e ~eaelr suelr lien, a "first Lien"~ far' a loan anra~~rrt in excess of tl~e then er~rrerrt laa~l balance secrzred by sr~clr lien ar encumbrance anti loatr cl~sit~ casts; andlar viii} The Ha~neb~~yer ~a~rd all co-signors a~r~d ca-trrartagars, if a~~y} fails to own acrd occupy the ~r~oper;#~ as #i~ei~~ ~r~it~cipai riesidence purs~~trt to ectio~a ~ a~~ is i~r ~~~r~~e~~sl~~p Default defined iii ect~on 8~ ~rnder tl~i Aree~r7e~rt, At tine request of tl~e Ha~~ebuyer, acrd for a specific occasion, tie Ae~rcy rrray, i~r its sale and ahsol~~te discr~etloir, ita ~~~ritit~g ~~ai~e the re~r~irernents of this s~zbpa~~araplr ~ and defer repayment andlor e~terrd the terrn of the Note Atry r~aiver or deferment shall be arr a case by case basis, and rra f€rfur~e rights for ~~ai~rc~~ ar clefertnet~t shall anise ar be ltnplled, Nat~~ithstandi~r the far~egain~, the Hamebuyer rnay, uparr prior ~vrittelr ap~pro~ral by the Aet~cy, refi~~arrce any First Lie~r far a loan an~outrt egr~al to ar~ less tlra~r the then c~~rret~t lawn balance sec~ued by sr~ch First Lien, Homeb~~yct• AssrsfalYC~ Loaz~ e~~ayme~~#. If there is arr e~~ent of acceleration p~iiar to the tarty-fish ~Stll~ Arrnr~rersar~r of the date of the Prarnissary Nate, the I~otr~ebrryer shall repay the Haz~reb~~yer Assistance Laa~i in accordance ~vit~h tl~is subparagraph In the event that rro evert of acceleratiatr occurs prior to the forty-fi~lr {~tlr~ Anniversary of the date of fire Prot~rissory Note, the f«I1 a~~ro~~trt of the Protnissary Natc shall he forgiven, and there slrail be fro f~rrtlrer obi iatians hereunder. ~i} Node Alrrotrnt Dtre Ili ~`~~1~, The ~virole of the Nate Anrar~t~t shat! be due in full ~vlrelr ate eve~~t of aeceleratia~r occurs, After paying alI casts and fees relati~rg to tl~e t~~ansactiatr, if any ~suclr as escrow fees, t~;at~s-~ea~ tapes, recoridi~l fees, hrokerae cam~rrissiotrs a~~d simiiar casts}, the proceeds of any such transactiat~ for, in tl~e case of arry e~~errt of acceleration atlrer than a safe, tl~e appraised value of the Property} shall be distribr~ted or applied itr the folla~virrg order ofpriarity; ~A~ Repayment of the First Lie~~; ~B} Repayn~errt of other pre-appro~red stzbazdinate iie~i~s}, if arry, as and in the lien recordrng priority that suel~ lien~s~ ~~ere approved by #lre ~ecutl~e Director pug+s~~at~t to ectiarrs l,~~i} and 14; Repa~~rrent to the Agency of the Hor~rebu~?e~~ Assistance Loan An~or~~~t; and 1. l~~Hiil~} R~ ~~J 4 ~ A ~ 1 Farm of Horrreb~~yer Loa~r Agreetnent DOCSaII~i~~b73~~r3~2~~272-~~D I >'ayment of the ontingent ~qulty ~'at~trcr~atlal~ Amount, if any, ~r~ ecu~~~t~t far ~Ia~rlbilyex~ Ass~s~axzc ~oa~~f The obligatiol~ oft~~ Holr~ebtryer to repay tl~e Ho~rtebuyer Assistal~ce Laar~ pu1'suan~ to this Agreelrrellt, as e~idelleed by the Promissory Note, sl~all be secured by a s~~hordina~te deed of trrrst al~d rider' thereta erlcul~ll~eril~g tl~e Property, substa~l~ially in the for~11 of Exhlblt that is attaelled hereto arld incorporated l~et~il~ by tl~is ~~eference the "Agency ~]eed of Trust"}. Tl~e Agency Deed of Trust shall be executed by the Homebuyel', as trustol', X11 fa~o1' of the A~11C~, as beneficial'y, u~ar•~irt~f~on. ub~ect to the subordination p~'o~~slol~s set fa1~l~ 11~1`~111 arld 111 the Note and the Affol'dable Houslt~g Rest~'1ct1QI1, tl~e Agellcy Deed Trtlst sllall be subordinate o111y to the ~'i1'st Lie1~ mortgage obtained by the Holrlebuyer and, if applicable, other oala~s} as approved by tl~e ~xecuti~e Director, includi~~ lien il~stl'r~l~ents that secure other hornebt~yer p~rrclaase l~l~ll~y al~dlar do~~~~paytr~e~~t assistance, 1ncluding ~v~tl3a~lt lil~itatian pity, State of California, ~I' federal affordable 1lousillg progra~ns, j~ P~'epay~~ie~~t of ~Ior~~eb~iyer Ass~s~ance ~,aall, T11e Ha1~lebuyer may prepay the Horl~ebuyer Assistal~ce Loaf to tl~e Agency, p~+o~ided that and prepayment must be in ftlll a~1d clot its part Prepaylr~e~~t silali be treated in the salve l~~anl~l~ as 1'efl~al~cil~g of the PI'operty. In any e~e11t, the Affordable Housillg resale ~estr'letlot~ s11a11 Co11tl11t1~ 111 full fo1'ce and effect, nat~~itl~stal~dillg strcl~ prepaynlent. k, Ass~r~rlptl~I1 ~olt~eblly~t• Ass~sta~~ce ~oat1 ~tli~ PI'QIrilSp1~? ate. T11e Holnebtlyer' Assistance 1Joan and tine ~'l~olissory Note may b asstlt~ed by a stlbseuellt ~t~alified Moderate ~ncorne Hatlsel~old, as purchaser of tine ~'roper~ty, but only ~~1 accordal~ec ~~itl~ the te1'n1s and col7ditions set forth 111 Section 4, 1~ ollit ~Ili~ Several. T11e ~rndel'signed, if I~101'e than one persa~~, shall be jointly at~d se~e1'ally liable under ti~is Ag~~ee~r~el~t for' the repayl~~el~t of tine Holr~ebt~yer Assistance Loan, m~ Ho~t~el~u~~e~;'s waivers. The Hanlebuyer ~val~es ally rights to l~egt~ire tl~e Agel~cy to: ~i~ demand payt~~ent of u~rlour~ts due ~1{n~~~n as "presentll~ent~'~, iii) give Il{~t1C~ tllat atl~Ott~1~S due 11a~re t10t leer] paid ~kr~o~~+1~ "l~ot~ce of dls~~onot'"~ ~t1~ l~irt~ obtain at1 official ce1'tlficatlon of not~pay1I1~11~ ~kno~vn as "protest"~~ l~otice to Agez~cy, The Ha~r~ebuyer for the Horrrebtryer' heirs folla~vit~ the death of file Homeltlyer~ agrees to l~otify tl~e Agency not less tl~al~ sixty days prior to ~i tl~e aper~ing of escr'o for the sale of the Property, ~ii~ the si~lirlg of any areerrlerlts or doctr111e11ts related to the transfer, includil~g, ~vithout 1i1~1itatian, lease, exchange or other dispositioll of ar~y 111t~1'~st 111 the l~1'operty, ~iii~ any p1'oposed t~efinancir~g of any l~ i~'st Lien of ~i~r} tl~e close of the Honlebuyer's probate estate. Natlling in tllis section 2, l~a~~rever•, shall le construed to at~tllorize the Pt'oper~ty to be leased or I•el~ted. ~orltlll~~Ilt Equ~t~r P~'~icipa~iaz~ Arnou~~t, if alp event of acceeratiorl occurs as described il~ Sectiol~ i i~~ and ~11e Homebuyer is not seliing file Property p~r'suarlt to Section 4, ATTAH~I~NT ~~.11 ~5 o1'm of Ho1l~ebuyer Loan Agreet~lent DoCS~CI~ 4~Ob73~t1 ~1~~~~7~-~1~1~1 the ~arneb~~~cr shat pad to the Agency the whale of the ~o~~ebuyer Assistance Loan Arna~~rrt atr tl~e "Cantirrgent equity Participation Atnourr~," as irer~eiiraf~er~ describe. If the Hanrebuyer' is selling the Property to arr Elrgrble Person ar1d Fa~i~ at an Affardable ~~ousin Cost ~~ith tl~e Agency's prior ~~ritten appro~al~ in accor•darrce ~~ith fire r'eq~rire~net~t of ectian 4 irereaf, then na Conti~~er~t equity Par~icipa~ian Arnourrt s~~all be required ilereurrcier rn cantrectron ~v~tl~ such sale, 3~1 a~cu~a~iorr of Corr#i~~gex~t ~gtiity Pay+~rc~pa#Ioll Am~or~~if. The "Cantingerrt ~qult~r Par~icipatiorr A~naur~~" rnearrs are arno~~r~t egl~al to ~ per'cerrtae share of fire appreciation of the Property determined by r~ruitiplyirrg a ~arial~ie percentage fac#ar fhe "filar+iable ~~~iicble Factor'"~ by fire ~iffer~er~ce bet4~~een the dales Pr~lca and fire Purchase P~~ice has those terms are her~eina~er defi~~ed}, a. ~'a~~iahle Appica~~e Fctar Calcula#iori, Tl~e ~arial~ie Applicable Factor shall be calculated b~ di~~id~ng the Agency's fatal initial equit~~ contributio~l ~#ire ~~Ageric~r Co~rtrib~~tian"~ by the si~~n a~' the Agency Co~~t~~ibutior~ plus the ~-~arrrehuyer~'s Cor~trib~~tiarr, ~r1 other ~vo~'ds, tl~e Agc~~cy Carrtr'ibutron shall be the nutneratar, acrd the s~~rn of the Aget~c~t Co~~tributiatr pl~~s #ire ~otnebl~yea4 Contril~utian shall be fire derrorninator of a fi~actiot~ that eq~~als a percentage that is tine '~ariablc Applicable Factor ~subect to ectiorr 3 f 1 ~a}~i~}, '~~I'i~I~I~ Applic~bie ~~~#or' - A~enc~ o~~#rib~xti~,li~Ml,,,l„~. AgCI1C~' CDII#1'i~lil#ion ~~mebuy~I~ Cont~~ib«#iol~ Fars e~arnple, if fire Agency Contribution equals ~3a,0a0 acrd tine ~ion~ebuyer Carrtrrbl~tlorl eq~~als $25a,~~0, the ~ariahie Applicable Factor ~~auld equal ~a,7~lo ~~~,aaa dl~'lded the sur~n of ~a,aa~ pins $~50,~00~, 1~,7°I~ {~'a~~i~bI~ Ap#~Iic~bl~ Fac#ar} - ~i~,00~ ~~~eltc~, ~olttrib~tio~~} ~1~~11C~' CQ11#1'iI?ll#IUII~ + ~HOI~IC~JII~'~1' Cv~~tl~ik~utiol~} _ ~~2$~,O~U~ ~i~ The "Agency Contribution" is the s~~tn of the follo~~rirrg amou~~ts co~~tributed h~~ the Agenc~~ to the pu~ichas price of the Proper~t~; {i~ the pr~it~cipal arnaurlt Harrrebl~yer Assistance Lawn, i,e,, the Affordable ~ausrng Cast ubsrdy has l~erei~rafter defined; arrd iii}the principal an~aunt~s} of airy atlrer loan{s~ ar subsidy~ies} provided b~ the Agency. ~ii~ The "~ameb~ryer Cotrtr~bution" i the sutn of the follo~~irrg at~ounts cantril~uted by the ~orrrel~~tyer} to the purchase price of the Property; ~i}the principal amount ~f the First Lien purchase money r~rot~tage; iii} the ~amebuycr's casl~ do~~n payrnenl: ATTAC~~ENT ~~.11- Faun afHarnebuyer' Laa~~ Agreet~rent D~CSDCII ~~4b73~~131~4~2~~-ADO 1 plus tt~e omel~~~#'s ~o~•tion a~' closil~ costs and ~tii) the or'rllrl principal alnaunt of loa~ls~~~ or' other subsidy~ies~ secured by Hon~ehr~yea{~ ~e~eludin any other than loan~s~ or• subsidy~ies} pro~lded by the Agency {as set for~ll rrl the d~f~llltlon of Agency orrtrib~~tion~~ at~d applied by the I~olnebuyer• to~~ards the pr~~•chae of tl~e Property. ~iii~ The "purchase Price" is the al,iin~I purchase price paid l~~T the I~or~rebuyer• ~ol• tl~e Hol~eb~~yer as tl~e qualified successor o~~ner• of the Property} to the seller of tl~e Property the "Seller"~ ~ener'ally t~~is alr~ount shall be egr~al to tl~e origilral fair market value of the Prope~•#y at the tiirle of tl~e initialloriinal sale of the P1•opel•ty by the Developer to the flornebuyer•} for• the Se~le~•'s interest in the Pro~~cr~ya exclusive of escro~~ fees, title ilrsur'anc costs broker's cot~~lrlissions, loan fees or• alry other' elosing ol• tl•ansactio~~ costs Sr~~bect to tl~e provisions set forth lrel'einbelo~v, the ~alr~e of qualified capital Irnpro~et~elits shall be added to the Purchase Price lrer~ calc~~latin tl~e ont~~~ent equity Participatiol~ Amount, Div} The "Sales Price" is tl~e px~ice to be paid by tl~e prospective buyer` ~~vho rs lrot a goal ~fied Moderate Ineor~~e Hous~hald} of the Propelty {tile "Bud+el•"~ to the I~.ol~rebuyer ~ol• tl~e ~ornbr~yer as the qualified successor o~~rner of ~lre Priopetty~ fot• the Ho~~~ehrryer's il~tel'est ill the Propertys exclusi~~e of zeasax~able esc~•a fees, title insr~rance costs, l~rokel•'s cotr~lrlisiorts, loalr fees or any other; closilr ol• t~'ansactio~~ costs Tl~e Sales Price shall be established in confo~~t~~ity ~itl~ Sectiol~ 3,~~a} Irereof, In the everrt of the I~ol~~ebuyer's r'efi~ralrcit~g, fall~~re to occupy, ork default, the {`Sales Price" shall be cstablislled by appi•aisa~ paid for by tl~e Plamehuyer ilr corrforrnity ~ritl~ Section ,~b~~ The "Affordable Housing fast Sr~bsidy" is the an~ar~nt deelrred to be a subsidy from the Ael~cy pra~ided to #lre I-Ior~ebl~yel' by rrraking tl~e Property available for pulchase at a price that col~titutes alp Affordable I~ousir~g host for• the Harnebuyer• as a Moderate Income Ilo~~selrold~ The Affordable Ho~~sing host Subsidy egr~als the di~`ference bet~~eerl the appraised falr l~larket val~ze of tl~e Property a~ad the Affoldable Plousi~~g fast of the Pl•aper•ty, ,Z Clsiirg f~Ye Vat•iabie App~ieab~e Fae~ar #n I]cferr~]irie ~hc nn~itigelit equity ~'a~'ticipa#lUll AIYro~lllf, Tl~e ontilrgent Egr~ity ~'articipa#ion Ar~ot~nt is calculated by mr~ltiplyin the Variable Applicable Factor by the differe~~ce between the Sales Price at~d the Pur•ehase Priee. For example, if the Variable Applicable Factor equals I4,~~/0, tl1e ol~ti~rgent Equlty Participatiol~ Alr~or~nt would then egrlal I D,?~/o ~~ariable Applicable ~".ctor~ x Sales Price minr~s the Purchase Price. a. In the above example, if the Sales Price Ito occur ~#pon resale not colrfor•lnin to Section equals 8~,00o and the Purchase Price eq~~als ~S~,oo~, the or~tinent equity Par•trcrpatloll Alno~~l~t ~ratzld egr~al l ~,?00 ~IO~'7~Io x ~380,~~D minus X0.7°l0 ~V~ri~b~~ Applirahl~ T~~ta~~~ x 1~~,~~U ~S~le~ Pri~~ - P~~~~clr~se P~{ire} - ~1~,7~0 (ollfinge~~t ~qui~y Pa~•~~cipatfon A~tloullf~, ATTAH~I~T~~, l I»? Forrrr of flomeb~~yer Load Agr•eer~lent DOC~~C~~ ~~4G7vt 12~~272-~~~1 b~ alcuia~iol~ of CorI~illgerlt ~qui~y fax;~icipatinl~ ArIIaullt faI• 111JSequellt ~OIII~~uy~I', If pursuant to ectiarr 4} a Buyer leas fully assumed fire Harnebuyer's ol~lratlolrs ~~trder this Aglieernent, the dote, the Agency Deed of TI'ust, the notice of affordable Restrictiar~s acrd the Affordable Housing Resale Restrictio~~~ and thereafter' the Ire~v Buyer', as the successor Hor~ebuyer~, def a~rlts ail causes an e~et~t of ceeler'atiarl to occ~u•, the contingent Bquity PaI'tlclpatron ~Axrror~nt to be paid by suclr B~ryr shall be calcl~lated ley rrrultiplying tl~e arial~le ~.pplicable Factor, cstablisl~ed ire Section .I~a~, by #lre difference bet~reet~ the dales Price, cstab~ished in canforn~rlty ~vrtlr Sectrorr ar~d the Purchase Price, c~ ~o Apial~eciatiall or ~]epreciatlon lza ~ali~e of Prope~,ty, If qtr ev~rlt of accelertio~~ occul's at a tlrrre ~~lrer7 the Property leas not appreciated or' the value of tl~e Property has depreciated ~tl~e dales PI"ice is less tllar~ fire Purchase Price}, tl~er~ rro Contingent Hquity Parttclpatron Alrrotrl~t is d~?e tl~e Homebuyel' to tlrc Agency ~3 Qualified ~api~ai Irr~p~~avert~ellts, ~'he ~~al~re off' airy Qualified Capital II~Zpravernetrts cot~~pleted by the Homebuyel' d~rl'it~g tl~e ~Ior~~ebuyer's o~~nership of ~11e Pr~opet~t~r shall be added. to tl~e l~~rr•cl~ase P~iice when calc~rlatirr the Contingent ~cluity Par'ticipatiorr A~~~o~rnt only if, not later' thatr thirty days prial' to the event of accceration causi~~g the C~r1t~llgent ~~~lrty PaI't1C1pt14II ~II7Q~rnt to becorne immediately due atld payable l~€~r'suatlt to Section l ,~~f~, file ~or~~eb~~yer strbn7its fire follo~ving to tine Agency: ~i~ ar] iterni~ed list of the Qualified Capital Itnprovements, iii} ~~eliable proof of completion of the Qualified Capital impr•ovemt~ts has evidelreed fi~ral b~riiding per"rnit~, a ccrtiicate of cotrrpletian o~" ar'iinal paid invoices or constructron CQrI#I•acfs}, at~d ~rll~ arl appl'alsal fro~n a certified appraiser, i~~ form arrd substance reasonably acceptable to the Executive Director, tl~e corlclr~slalr of l~lcl~ ~ that the Qualified Capital i~~pr•o~err~er~ts have added the stated ar~or~~lt to tl~e fair' rnal'l~et value of the Property. If, within ~3a}days of receipt of the info"I~atiarr carrcernitr tl~c ~ralifieal capital Irnprovernerrts, tl~e A,e~~cy gr~esttans the c1allned ltrcreasc ire the value of the Property by reason of card ~ral~f led ~aprtal Irnpr•avelnelrt~, the agency a~ad t~~ Ha~r~ebuyer rrray, by rn~rtual agreement, establish fire val~re of'tlre Q~rali~ed Capital Irr~pravelnerrts or tl~e agency may require an appraisal of tl~e Property, at fire ~a~~aehuyer•'s expense, by a second i~rdepender~t certified appraiser' appoi~~ted by tl~e Agency to determine the fair• marl~et ~alr~e of fire Qualified Capital Impra~~ements~ Credit to ~alrrehuycr, Not~vithstatidilrg the foI•egoing pI•ovisions of this ~Ct1QIZ ~ calc€~latlor~ a~ the CDntrngellt Hqurty Par'tlcrpatrarl A~rraurrt I subject to ~ llperror" ~"igl~t of fhe I:Iameb~r~?er to ~•eceive credit its calcrriatiar~ of tl~e Pu~•cl~ase Price foci ~narley prd ~y the Hatrreblryer• post-acquisition ar~d d~~r"ink file ter'n~ of the Ho~~rebuyer's o~~~r~ersl~ip of fire P~•aper•ty far installrnellt payrnerrts of rrror•tgage principal, pursuant to the l~'lr'st Lien actr~ally rnade by the Horneb~ryer, rn addrtron to the fair Irrarlcet val~~e of Qr~alified Capital Impravclnet~ts cot~srsterlt ~~'rth the requlret~er~ts of SeCtron 3.3. 3, ~eter~mlraatiolx of dales P~,ice; Appraisal, a~ Upo~~ dale of the Property In tl~e e~er~t of a pr•apased sale of the P~•oper~ty by tl~e Homelauyer that does not conform to Section 4, and riot less than thi~~ty ~a~ days A'T`T'ACH~~~' ~ V • E i V Form of Hamelouyer Loan. A~reer~ent ~ DDCS~ Cl~ ~006~3~~1 ~1~~~27~-~~~ ~ of der the Agency receives actual notice of the ~pel~ing of escro~~ IIl eol~I~eetrorl there4vltl1, the Agency rrra~ elect to appoint a certified, il~dependent appraiser to conduct an appraisal of the PI'operty, at the Hon~ehu~rer's expelrse, to assist the Agellc~ iIl detel'I~~ilril~ iftlre dales Pt°lce Is at OI' r~ear~ the falr' Il~ar'~et value of the Property such tlrne, the Sales PTICe is detel'mined tl~e appraisal to be tl~ree peI'cel~t {3°I~~ or' I~~ore ~ela~~r the fail4 maI'l~et ~al~re of the Pt'oper;t~ a estimated its said appraisal, then the "ales Price" for' purposes ~f d~t~r'tll.Ining the Oal~tingent ~uity Participation Amo~r~~t shall be tine fair rnaz•lCet value of the Property estahlisl~ed ire said appraisal, b, ~~Ol] RefIrlal~citlg~`ailll~'e fo ~ccupylDefaul#. In tl~e event of refil~ancin, failure to occ~rpy all of the PI•oper•ty iIl accol'dat~ce ~~Ith ectl~lll 7, or' defa~rlt or h1•each of ar~~ pro~isloll of tl~rs Areerl~elrt that calrses acceleration c~Ild the contingent l~qurty Par-ticipa~tion Anlorlrlt to becot~~e in~mdiatel~F drre and payable, tl~e "ale Price" for4 purposes of detel'n~ining tl~e ontirxerat Ec~~~ity Participatior~ Arr~o~~t~t shall be determined b~ are appraisal of the Propel'ty, The Agency shall appoint a cer'tlfied Independel~t appraiser' to conduct an appraisal off' tl~e Property, at the HarYlebu~~er's expense. The I~alnel~uyer' agrees that IIl such eveI~t the ontil~gerrt Cc~trit~ ~'az•ticipatio~x Ar~~o~r~~t shall be tl~e variable Applicable Factar• rrlultiplied by tl~e dlffel'erlce bet~~eelr tl~e Purchase P~;ice ar~d Saes ~'z,~ce as e~tab~~~~ed ~~r t~~e a~pr'a~ed ~al~re ~ tl]Q Pr'oper'ty the #Ilrre of s~rch t"Q~r1~I1~I~1, ~c~I~Ur'~ t~ OCCII~~', aI' C~Q~c~lllt Q~ t1lIS ~I'~~I~1~Il~, ozl~ebrryex•'s Ac~r~o~t~ed~~~er~# o~ Cori#i~~er~t ~~ui~y Par#icii~atiozr Ali~io~iti~~ ~~M~BiI~R A~~N~L~D~ AND AG~R~E THAT DP~N ANDI~~ T1P~N ANA ~~H~ ~~~N~` ADDITION To T~ LEAN AiVIOUNT}, ~NT~N~NT PA~r~~PAT~oN An~o~N~ APPR~IA'pI~N ~r T~~ P~~P~T~ A A~~r~AT~D P[~IiJANT T~~ ~cTroN ~~~DU~.'~I~' ~N~TIAI~; : ~ ~ ~ ~ ~ ~ ~ ~ : ~ ~ : 4, ale of Prol~err #o ~Vlodcra#e Yrican~c I~a~use~rol~~ at Af~or*dahle o~rsrlYg dos#, ~,1 Fo~~~r~~i~~c {~5} ~ear~ Affox•dabili#~T Rc~rl~~~err~e~r#~ Dtrril~g the Affordability PeI'iod, the Property Inay be sold arrly to eligible Persons and Famrlres at are Affar'dable Housing Oast ~~~itlr the Agency's pI"i4~r' ~~~rittel~ ~~~~ro~~al. These r`eq~riren~ents shall Eye Sit for't~l IIl all Affol'dal~le ~ousll~g Restr`lctlon ~ondltl~Ils, o~el~a~rts, and Restt`ICtlons Af~'ectilrg Real Pr'oper'ty alyd the Resale, O~~nership, Occupancy, Maintenance, and Other Nutter's Related to Peal PI'~pEI'~y}, ire tl~e farrt~ that i attached laereto as xl~ibit ~`D" ar~d Il~corpol'ated herein by this r'efere~~ce~ The Affo~+dable l~au~ir~ Resale Restl`ICtI~II per~rrits HaI~]Q~llyer', IIl HaIllebllyel''~ sale dlscr'etrarr, tl>~'ough an ~~ent 4f acceleratlor~ pursuant to ectiot~ l.f., to transfer the Propel'ty at a price in excess of an Affar~dable Housrn host duril~g ATTA~I.~v~r ~ ~ PaI'm of Holnebuyer~ ~oall Agr'eelnent ~~COC~~ ~0073~~ 1 ~}~0~z7~-~~~ 1 the Affordability Periad, upon payment of the contingent E~~rity Par~icipatiar~ Arriaunt as set f~l`tll in eetian l~ereaf, Ver~f"rcatiur~ of ~rospeeti~re buyer's ~~reoiY~e, ~t~ order to verify the ~rospecti~e Buyer''s staters as a Moderate ~neor~re Household, tl~e Har~eb~ryer shall s~rbrr7it or• cause the pr•opased buyer to s~rbrrrit to tl~e Agency the identity of the pr;opaed ~u~er and adeq~rate infarrnatior~ evidencing the income and holrseliaid sire of the pr•opaed Blryer, a~ brass income and r~et ir~cor~re of tl~e praspeeti~e ~tryer's ho~rsehaid shall be deter~mir~ed in accar'dance ~~rth Health Safety bode ectron 5Q09 and tl~e pr•a~rrsron of ectrans i ~ and ~9 ~ of Trtle of the alrfarr~ra fade of Regulatrans, Tl~e praspecti~?e Buyer shall subrr~rt a cer•tl~catror~ that such Buyer is a ~Vladerate ~r~corne ~ause~iold and meets tl~e elrgrbrlrty re~uirernents established far• the Praper~y and that the Property ~~i~~ be sold at an Affordable Ho~zsing host by Ho~nebuyer to such l~raspecti~e B~r~?er, ~i} ~ncorne infarrrratior~ shall be srrbr~itted together with the r~atice of proposed safe ir7 accordance ~~itl~ Sectior~ ~ nat less than t~xirty X30} days pr•rar to tl~e aper~ir~g of escrow far{ the pro~ased sale ar~d shall ir~clude origir~al ar tr~rre copies of pay stubs, ir~corne tai records ar• otl~er• fir~anc~al dacurnents in ar•der that tl~e Agency may rievie~v the llo~rsel~ald ir~corn of the pt•oposed B~ryer to deterrnrrie ~~~l~etaer tl~e proposed B~ryer is a 11~~oderate ~rrcorrre Hausel~old and ~vhetl~er the Property is to be ~rar~sferr•ed to s~rcl~ B~ryer• at an Affarda~le Hatring Cast, If tl~e Agency is unable to veri~~ Buyer's ir~cor~~e as prodded l~ereirl rior~ to the P proposed sale, then the Buyer's irlcorr~e shall be deemed to exceed tl~e rrraxi~rr~rn~ allowable ir~corne li~rrit fora eligible Persar~s arrd Families, Affordable Ho~rsi~~g Calf, Tl~e Property shall be resold by tl~e Hon~ebuyer to tl~e Buyer at are "Affnrdable ~o~rsing Cast" tllat slxall r~lean the prrcrn for' ader~ate Households and shall be calculated p~rr~suar~t to Califorr~ia health safety Code ectior~ aa5~,~, tl~e irnplernenting regulations of ectior~s ~9~D, X924 and ~9a of Title of the Califar~nia bode of Rerilatians for ~laderate income Housel~alds, Release of A~~ordn~i~i~y, Af~er• the affordability Period Ter•minatian Date, tl~e Property shall no longer be strh~ect to the affordability recluiren~ent of this Agr•eerner~t ar~d the Affordable l~ausir~g Resale Restrictiar~, ar~d tl~e Ha~neb~ryer• nay sell ar trar~sfer• tl~e Property to ar~y persarr, regardless aftl~e persat~'s ir~car~re stat~is, at tl~e Pr•opex~ty's fair rnarl~et ~l~re. 6, ~IaII1teI~c~11C~ of ~~'opel"ty. The Dor~~eb~ryer shall rnarritarn tl~e lnteriar of tl~e pr•aper;ty ~a} its a clean, safe ai~t~ pa~eentable tnar~r~er, fib} eot~rster~t ~~rltl~ carnrrr~rnrty standards, ~c~ in a manner ~~l~ich ~~ill uphold the vl~re of the Propet•ty, {d~ ~rl accordance itl~ tl~e t~ait~tenance r•egtrir•er~er~ts of tl~e Affordable Housing Resale Restr•ictrorl, fie} in accordance ~~itl~ the Sar~ta Arla N~~rnicipal bode and the uniform Ha~rsrr~g ~ade~ ar~d ~f~ rri accordar~ce ~~ith any at~d all co~~er~ants and agreements established. by rry lrarnea~~ner's assacratron ol• atl~er reg~z~atary entity recognised by area property o~~neris. Tl~e Hameb~ryer shall not allo~~ the Property to acelrrrrrrlate debris, ar alla~v inoperable or aar~dor~ed vehicles orr the Pr~aper•ty, or• allow ar~y other ~rr~sigl~tly ar• dar~er•o~rs conditions arz the Property, Tl~e co~enar~ts far tl~e maintenance of the Praper~ty shall run ~~itl~ the Property and shall r•err~air~ in effect until tl~e Affardabitit Per}iod Terrninatian Date. The Hameb~r er and tl~e A enc sl~alZ execrrte and ~ g y ATTACHM~T NDf l l M~ D Farm of Horrrebrryer ~,oan Agreement Da C s0 ~O~b73~?1 ~i~~~~?~-~~~ ~ t reco~•d the Affordable Ho~xsing resale Restr~ctian against the Property ire tl~e Official Records of grange County, California, Tl1e Homebt~ye~, also agrees to can~ply with all applicable federal, state and local ia~vs~ ~CCUp~II~y Stall[~~~'ds, The Prope~~y shall be used as the principal per'sarial reside~~ce of tl~e ~Iorrrebuyer• and the ~Ian~ebuye~"'s irnrnediate family and far• na ~tl~er~ purpae, The Homebuyer shall riot e~~ter into an a~ieen~etat for the ~•e~~tal ar~ lease of all or• ar~y par"t of the Property. Tl~e Homebuyer shall riot rent o~~t a r•oorrr or ~•oon~s in tl~e Proper"~. Tl~e Harrrebuyer' tnay r•ecluest a ternpor•ariy ~vaivex~ of the foregoing requirement irl tl~e evert of extreme l~ardsl~ip requiring the I~omeb~~yer• to r~love to anotixe~i geographical area ar' to less expersl~~e ho~~sing, i~~c~rdi~~g, for exat~ple and ~Tlthollt lrmrtatran, tr"ansfer of~ab laeatlot~, lass of job, oz4 ~~~~e~peeted rna~or expenses, The Agency trray app~iove o~• disapprove such request rr~ its sale drscr"etiar~, and may require as a car~drtrori of appr;anal that tl~e Ho~r~ebuye~~ only rent the Prapert~ to Eligible Persons and Pa~nilies, subject to the rrraxirnurrr affordable resat li~~~it applicable to Moderate Ineorr~e Ho~~sel~olds as set fo~~th in Health Safety Code ectian ~Da3, Tl~e I~or~eb~~yer shall, ~~por~ der~a~1d by tl~e Agency, s~rbmit to the Ae~~cy an affidavit of occupa~~cy verifying tl~e Ho~~~ebuyer's corr~pliarce ~~itlr this section 7~ Such affida~~it tnay be req~rlred by tl~c Agency an an ant~~ral basis. S, Y~~carne e~~~ii~atio~~, Tl~e Homebl~yer leas subrrritted are application and addrtroral rnforrrration vexi~~ying ~~~coir~e ellglblllty to the Developer ar~d the Agency prior' to exec~~tiot~ of this Agreemer~t~ Tl~e I~orrreb~~yer• r"epr•eser~ts, ~~a~•~iants, and declares ~~~~der per~alty afpe~jury to the Agency that all ir~far"rnatiat~ the I~or~nebuyet• leas pz•o~rided and ~v~ll p~io~ide i~~ tl~e future to tl~e De~reloper" and the Ager~cy is ar7d will be true, correct a~ld corrrplete~ The I~amebltyer" aclCno~~ledges tlxat tl~e Agency is rclyit~g upon the Ha~rrebuyer's represeritatior~ as to it~cotr~e, household size, assets aril other infor"~r~atiot~ to detez'i~~ne ~vhethel• tl~c I~o~r~eb~ryer is a Moderate Ir~conle Household ar7d tl~e Agency ~~~ould riot Dave ex~te~~ed into this Agreetr~ent if tl~e Hotnebuyer did x~ot so qualify, Its tl~e eve~~t that the Aer~ey discovers that any of suer ir~forrrratlon is tnaterialy u~xtrue, the Agency may declare the Hon~ebuyer Assistance Loan and the Contingent Equity Par"tlcrpatlot~ Atnoa~rlt, if at~~r, i~~nrrrediatoly due and payable, 9, NIUtlflrly ~o~1sIlg osf ~Il~~l'n1t~Ul~, Tire Ho~neb~~ye~•'s anticipated Montl~l~? Houir~g Costs at the tithe of this A.greer~~e~~t, at~d at tl~e tine of I~arnebuyer"'s acquisitior~ of tl~e Property, r~«st clot exceed Affordable Housing Cost, determined as folla~vs; Affnr~tla~Ie I~n~rsi~~g as# ~ Moiler*ate II1coIne ~al~sehol~~ The Horr~eb~~ye~~ ~ax~cl all successors thereto during the 45-year Affordability Period) sl~ali be a Moderate Incarne ~Iousehold as defined ~~1 Health Safety Code eCtlans Saa5~.5 ar~d 5a~93 for successor stat~xtes~ and the rrrplernet~trr~ re«latiors the~~eto p~•om~llated by the Hausing and Cotr~n~ut~ity Development Department of tl~e State of California, `fAffo~•dable Housing Cast" means the p~rrcl~ase price for Mode~•ate Income Households pur"scant to Califarrlia I~ealtl~ Safety Cade ectior~ 5aD5~., the implernei~ting ~iegulations of S~ctians ~9~0~ ~9~~ and X930 of Title ~ oftl~e California Code ofRegulatians for Moiler"ate Incorre Ho~zsel~olds, 1~, a~Sigl~e~~s a~~~ n~N~or~gaga~•s. The ~r~came of rridrviduals ~~~ho sigh only the NDte ~"co-igrcr"s"~ a~~d rr~dlvrduals 4~rho sigh both tl~e Note and the grant deed. ~"ca_ n~or~tgagors") ~~Till be ir~cluded for determrnin lletl~er" tl~e Hornebuyer is a Moderate Incorr~e ATTACHMENT N0,11-1 I Porn of Homebuycr Loan Agreement DOCSOCII ~~~b7~;~1~124~272-~00 ~ Houselrald~ All such ca-sigtrers atld co»~rtortgagors must part tl~e Hon~ebuyel''s lrouselrald acrd tn~~st 1•eside in t}~e Property, Nair-acc€zpaz~ts of the ~ro~et"ty tn.~ not et;~ a ~o~si~ers otF co-r~o~~tgaors, War may s~~clr ir~di~~duals hold title to o~~ and other property interest itr the Fropel`ty~ ~1, harried o~~ ar~~~ cpa~~a~e property. Ate ~rtd~vidual takitrg title to the ~rope~~ty as contetrrplated by this Agleemelrt is s~~bject to special r'equtrer~relrts because of alifarnia conrtrtunity prapet`ty la~vs and Faclet"al tax la~~s~ If tl~ Hon~ebu~el' is legally sepal'ate~, o~• his filed far divorce and a legal pt'aper~t~r dispositiotr at'eetnelrt exists bet~veet~ the Homebrryer and the I-~ornebuyer's spouse, qultclalrn deed f~•o~r~ the Hatneb~ryer's spouse ar~d a copy of the p~'opert,~ disposition agreement ~~ay be required by the Agency. ~ll the absence of atr existi~~g legal pt'operty dispositial~ agl'eetrtelrt bet~veex~ rile Hol~~ebuyel' and the ~otrrebu~er's spouse, as a ca~~dttlorr of approval of tl~e Harneb~tyel' Asslstat~ca Loan, a clultclaltn deed, a special agl•eer~elrt and a release of itrtel'est signed by both the ~.olrrebuye~i al~d t}re Hotrrebuyer's spouse, offer colrsuitatiotr ~vitl~ an attorney, Wray be required by the Agetrcy, Additionally, ifthe Hanrebuyer's spa~~s is to ~`es~de ~n the Property, the eon~b~ned ttrcarrre oftlre ~alnebuyer at~d tl~e Hanrebuyer's spouse must be ilrcl~~ded in the itrcalne test for eligibility atnder the Pr'agraln, 1Z~ Lrrarl Set~~icir~~ The Agency tnay co~~traet ~vitl~ air outside orgatrl~attox~ to ar"iginate a~~d ser~~ice the Homeb~~~er Assistance ~aalr. 1~, ~oxncbuy~r* Firratreirig, Tire ~on~ebuyer shall obtain First Lien prtrcl~ase tnarrey mortgage firlancitrg ~vlricix is a fixed rate acrd fully an~ol~ti~il~ loan far' its acquisitiolr of tl~e Pt+operty frarrr a tep~ltable institutional lender 1'easolrably acceptable to the Agency ~t}re `~Lelydet•"~, Tl~e Holr~ebuyer shall at all times durilig the ter;lrz of ~an~eb~t~e~~ Assistance Loan carnply ~viti~ all requiren~elrts of the Le~~de~~, including ~ltlrout lilr~itation, load rtndel'~~rrtltrg tandal'ds, tnttrlrn~~m do~v~~ payrrrelrt 1'equll'eln~nt, pr~vato trrortgae lt]S~tl'atrc~ t'ecll~lre~net~ts, }io~rlebrryer ed~~catiolr req~ziz`ements, and tax acrd ltrsurance impound requiternetrts~ ~lr addition, rrat less than three percent ~3~I~} of tl~ p~rr`ctase pace of the Propel`ty sha}1 be paid in cash froln the Homebuyer's ou~n t"esout'ces and ~~ot f~~ot~~ the proceeds of a loan sec~~~`ed by a lien on the Propel'ty, and giffs and seller concessions lna~r lrat be used to meet this reuir"elnetrt, except as otl~elT~vise permitted by tl~e Lender. The total alnat~~xt of tl~e First Lien tnor'tgage loa~~ and Harrleb~~~er As~stalrce Load ~ltr add~t~ot~ to other affordable }rousing Iaat~s or ra~rts described frr section 3,1 } shall not exceed the s~llrr oft}~c fain marl~et value of the Frop~~ty at tl~e tilde of the Hot~~ebuyet''spurelrase o~ tl~e Pr~apelty and lralr-recurr4i~xg closing casts, ll~ordirrafio~t, except as provided otl~er~vise herein, tl~e provisions of t}~~s Areelnelrt, the Notice of Affordability Restrictions, the Aetrc~? Deed of T~`tlst, and the Affordable ~a~~sirr Resale Restriction, alyd the obiiatiotrs therein, shall be suba~•dinate only to the First Lieu orr the Property held by the Lender` atrd, ifapplicable, other laatr~s} as approved by the xec~ztivo Director, including lien instruments that secul'e other harneb~ryer purchase malrey andlar da~vrrpay~nel~t asslstarlce, lncl«dttrg ~v~tholrt ltmltatlon ~lty, State of alif`orx~ia, o~~ federal affordable harrying pr'ogt'al~s, ~vhicl~ liens shall lrot impair the rights of the Lender`, or the Lender's asigl~ee ar successor in interest or the Agency, if applicab}e, to exercise their" remedies udder' the Fit"st Lien in the event of defa~zlt ~~t~de~i tl~e First Lien by the Halnebtt~e~•~ Such relrtedies under the l~'irst Lietr include the tight of foreclosltre or acceptance of a deed or sslgz~met~t In lieu of foreclosures ~f title to the Fropet•ty is trat~sfer~'ed by foreclas~~te or ATTAPt~I~NT N 11 « 12 Farm of Hon~ebuyer Loalr Agreel~ez~t 1~OCS~CI14006~3~~] 31~~~~7~-001 acceptance of a deed ~t~ lieu of fa~'eclasrtre, ar assig~~n]ent of the First Lien to the Secretary of the Depar'tn]er]t of ~o~~sir] and ~rbar] De~elapmer]t, this Agx'eemet~t at~d tl~e Agency Deed of Trust shall be automatically ter~]~inated and sl]all 1]a~e na fur'tl]er effect as to the Fraper'ty ar ar]y transferee tl]er'ea~er, Ho~~ever•, in na e~e~~t slaall this Ag~'ee~]~ent, the Agency Deed afTr'ust, ar]d tl~e Affardable ~oltsing Resale Restr'rctran, be subat'dir]ate to any First Lren or] the Property securRir] a laat] v~ith p~'avisio~]s ti~hich alla~~ negative ar]~ortizatiar], ar to re~r]ancing of the First Lief for a laat~ amaur~t in excess of the s~tr]] of tl]e then c~~rr'etrt load balatrce seeur;eel b~ tl~e First Lie~r at~d lawn closing costs. 1~,1 ~~•~~i~ of ~ecordiii~~ Tl]e Homebuyea~ agt'ees it shall instruct the ~scro~v Ae~]t far tl~e ac~ttisitia~] of tl]e Pr'aperty by tl~e ~oi]]ebuyer drat. tl]e ar'der of recar'dir]g irr tl]e escra~~ ~`or the put'chase of tl]e Property by Ha~neh~~ye~~ shall occ~rr as fallo~~s: ~l~ the grant Deed the Flr'st Lier]; atl]er affordable l~o~~sing ioan~s} as described in ectia~] 3,1~ as per~rr~tted ley the Executr~~e I~rrectot'~ the Affordable Hatzsit] Resale Restttcttor]; Notice of Affordability Rest~~~ct~at~s and the Agency Deed of Trust. Tl~e Agency shall cause a Req~~est far' Notice of Default to be ~'ecarded an tl]e Property subsequent to tl~e r~ecardatian of tl]e First L]er] deed of trust ar` r~]ar'tgage r'e~uestrr]g a statlltory r]Ottce of defa~~lt as set fo~•tl] tl]e ~alifor+n~a r~rl fade Sectror~ ~9~4b, grid sl]all ca~~se a request for' Notice of l~elir]~uer]cy to be recorded a~a tl]e ~'~'opez~ty subsequet]t to tl~e recordation of tl~e First Lier~ deed of trust ar' rnor•tgage~ I5i Ilidemliifica~io~~, Tl]e Hon~eb~~yer sl]ll pay for'} defet]d, it~detnt]ify, and 1]old l~arn]less the Agency and fhe lty and their respective oflicers, agents, errtployees, represer]tati~es ar]d ~alunteer•s fiat]] and against any loss, liability, clairrr ar` judgment relatir]g in at]y tnat]r]er to the P~'opet+ty o~4 t~]is Agt~eemet~t~ T~]e Hotriebrtyer shall retrain frilly obligated for the payrner]t of property taxes, liens, at~d assestrrer]ts relyted #o tl]e Pr'apet'ty. There sl]all lie too rieduction lr] taxes far tl]e ~arnebuyer', r]or ar]y transfer' of responsibili#y to tl]e Aget]cy to make s~tclr payn]ents, by ~i~•tue aftl~e Homebuyer Assistance Laat~. 1~, ~iYSIIx•l~ce, Tl]e ~amebuyet• shall t]~aintain, during the tertrr of the Hamebuyer Assistance Loan, at] all-risk property insurance policy it]sut'it] the Propet'ty in an at]~out]t ecl~tal to the full replacement value afthe structrtres or] the Property, Tl]e policy sl]all natrre the Agency ar]d tl]e pity as bass payees and shall contain a staten]ent of obligation an belralf of the carrier to trotify tl]e Agency of any n~atex~ia~ cl~at]ge, cat]cellatian or tert]~it]ation of ca~er+age at least thirty ~~D} days in advance of tl]e date of such n]aterial charge, cancellation or' ter't]~ir]ation, Tl]e Hor]]ebuyer shall transr~]it a copy of tl]e cer'tr~cte of rr~s~rrar]ce at]d lass payee endorsernet]t to tl~e Aget]cy ~~itl]it] tlaii~ty ~~a~ days of the effective date of this Agt'eet]]et~t, and upon request by the Agency, the Harr]eb~?yer' shall transrr]it to tl~e Agency further copies of the certificate of insurance and a lass payee endorsetnerrt, Tl]e copy of the certificate of it~s~trance and loss payee endat•set]~ent shall be transt]]itted to the Agency at tl~e address set forth rn ~ectrar] . Tile form, contet]t, issuer of at]y certificate of its€tt'ance must be tieasot]ably acceptable to #1]e Agency. ~7~ Defa~ilts, Failure ar delay by either party to perform any term or pro~rsror] oftl]t Areen~et]t ~~hich is rat crt~'ed ~vithin thirty ~3a~ days after receipt of notice fr'am the other' party constitutes a default ur]der this Ar'eetnen#; pr'a~rided, 1]o~~e~er', that if sucl] defa~zlt is of the t~atur'e r'equirrng r]]ore than thirty ~3a} days to cur's, the defaulting patty sl]all avoid default ~]et'e~tt]der by cornn]encing to cure ~~ttl~tt~ such tl]lrty ~30~ day per'iad, ar]d thereaer diligently ATTA~HNIENT N0,11-1 Fot'n~ of Hamehuyer Lawn Agreement ~ O~J 1 ~ ~~G~3v 1 12~0~72-~~0 l purs~~ing s~zch cure to completion. The party wl~o so fails ar delays ~~~rst itnn~ediately con~mence to cure, co~•rect, o~{ remedy s~~cll failu~•e or delay, a~~d shall complete s~~ch cl~re, carrectto~~ or remedy ~~ith diligence, Tl~ inj~~~•ed party shall give ~~ritfen notice of defa~~lt to the party in default, specifying the default eo~nplained of by tl~e i~~jured party. ~~cept as required to protect agai~~st fi~~~l~er damages, t~~e injured parfy may not i~~stit~rte pz~oceedi~~s against the party iii default until thi~~ty ~3a} days ae~# g~~~ng such ~lotlcc~ Failure or delay in giving sucl~ notice shall trot constitute a ~ai~er of arty default, Dior sl~all it cha~ie the tine of default, Not~~ithsta~idit~ the foregoi~~g~ far p~~rpases of acceleratian of the Ho~nebuyer Assistance Loa~~, payn~t~t of the dote Atriau~~t it~eludi~~g tl~e o~~ti~~get~t equity Participation Atna~~~7t, or i~~itiatior~ of foreclosure proceedings, tlle~•e shall be a disti~~ctio~~ between the types of default hereunder, including an ~~~~~~7ersh~p Default" a~ld ~ `~l~.alr~tet~ar~ce Default", 17,1 ~wne~;s~ii~~ l~e`aX~~~, The teem "~~~x~ersl~ip Default" ~eat~s tl~e fallu~•e of tl~e Homebuyer to pe~~fortr~ at~y action o~• co~et~ant required by tl~e Affordable Housing Resale Restriction related to o~~~~~e~•sl~~p, o~vr~er-occupancy, lien priority, and restrictio~~s on sale and ~•esale oftl~c P~•o~erty, subject to ~~otice and an oppo~~tx~~~ity to c~~re as set fot•th herei~~, A default of any obligation sec~~~•ed ley the first ~.ien shall be a cros~defa~~lt acid also constitute ate ~v~~~e~•hip Defa~~lt~ ~7,~ 1VIal~~~cnarlce ~efau~t. The terns "l~iai~~tet~a~~ce Default" ~~~eans tl~e failure of tl~e ~otnebuyer fa perform at~y action or co~enat~t req~~ired by tae Affordable Housi~~ Resale Restriction ~~elati~~ to "Maintenance De~ciet~cy~" ~ticludin tl~e ongoing upkeep, ~naintenance, and ~~se of the 1'raperty 1~1 ~ decent, safe, sanitatiy, clea~l, a~ld neig~~borly tnan~~e~•, subject to ~~ottce and a~~ opportunity to cure as set fot~ll lle~•ei~l ~a~xd expressly excl~~dir~g an O~vt~ership Defa~~lt}. ~8~ ~~~11[~iLS, The Age~icy sl~a~~ be entitled to all legal at~d equitable remedies a~ailabe under tl~e la~~ ~~pon tl~e defa~~lt aftl~e tr~r~s oftl~is Agree~~~et~t by tl~e Ho~r~ebuye~~. such remedies nay include, ~~itllo~~t llr~ltatlo~z, ~a~ specific performance of the terms of this Agreement, ~b~ disgorgement of ar~y amount of consideration recei~red for tl~e Propet•ty that exceeds an Affordable Ho~~sir~g host, andlo~i ~c~ a~~ order to pay attorneys' fees} a set far~l~ its ectio~~ ~a. Nn~~~ai~er, l~ailu~•e to exercise ar~y right tl~e Age~lcy nay l~a~e or be e~~titled to, in tl~e e~e~~t of default l~ereu~rder, shall x~ot constit~~te a ~~ai~er of such right o~~ any other right its the e~re~~t of a s~~bsequet~t defa~~lt. 2~, ~]acumelzts, The Homeb~~yer is a~~rare that tl~e Agency ha.s prepared certain documents to ln~plement the Program at~d secure repaytr~er~t of the Ho~neb~~yer Assistance 1_,oan, ~'l~e Homebuyer has ~•e~ie~ed and agrees to exec~~te tl~e follow~i~~g documents its s~~hstat~tially the farrr~ as attached hereto p~•ior to recei~i~~ tl~e Hot~eb~~yet• Assistance Laa~~, at~d any oilier docurne~its reasox~ably req~~ired by tl~~ Agency or a participating entity to complete tl~~ tia~~saction caiitei~np~ated herein; f ATTACH >~l~T ~ ~ 1 l~'ox~m of Hoirieb~iye~~ loan Agreement DOCS~~I~~~~i~3v1 12Q~~7~-~~~1 Pr~amissary Note; Age~~cy Deed ofTrkust; c~ Affatdable Hat~sirr Resale ~estrictior~; d, Reirnb~u'sement Ar'eernent, ~~bstantially in tl~e forrn of ~xl~ibit attel7ed heteta and fully irreorpor'ated by this reference; Disclosure taten~er~t substantially rr~ the form of ~xlirbrt "F" attached hereto and fully incarpor'ated by tllrs reference; and f, Notice of Affor"dabiit~r Restrictions, substa~~tially its tl~e forrn of ~l~ibit attael~ed lrer'eto and fully incorporated by this reference, The ~Iornel~uyer agrees and aclcr~a~~ledges that the Agency Deed of Trr~st, the Notice of Affordability Restrictions, ar~d tine Affordable ~or~sing .esale ~.estrictiox~ s~all be ~"ecor•ded against tl~e ~'z'opea~ty ~vitl~ tl~e bounty decor"de~• of the o~~nty of grange and shall appear of record ~~ith respect to and as er~curnl~rances to tl~e Pr'operty' The ~omel~uyer agrees that this Agr'eetnent may alsa be recorded, ~ur~~her; ,~ssirx•aa~ces, Tie ~amebr~yet• shai~ e~ee~~te any f~~rther docu~net~ts C(~tlSistent ~v~th the tea"i~1s tl~s Agree~nerlt, ~~~e~udir~g ocut~ez~ts rr~ reeor~able form, tl~e Agency shall frorn trine to trrne fire. Necessary or appropriate to effectuate its purposes its entering lllt4 tl]ls Agl'eemet~t and rrraking tl~e Homebuyer Assistance Lawn, o~Tex~r~ir~g L~~, Tire ~oxnebu~er he~•eb~ a~•ees to cotr~ply ~rit~~ all ardinar~ces, rr~le, at~d regulations of the ity~ Nothing l~l tl~~s Agree~r~e~~t is intended to be, rlor• shall it be deetned to be, a ai~er of any pity ordinance, rule, or regulation, This Ar'ee~nent shall be go~er'r~ed by tl7e lames of tl~e State of California, Any legal action l~r'ought under this Areetr~t~t ~nrrst be instituted in the Supe~~io~~ or~~•t tine bounty of ~rat~ge, State of ~alrfor~~ia or its tl~e D~~ited States District ~o~z~`t, ~ez~tra~ District of alifo~"~~ia, Santa At~a ~i~isioi~, A~l~I1[IYI~II~ ~~t'~~In~Ilt~ Na rnodlficatron, resc~sslar~, ~~'al~er'a release o1' arnendrnerlt of any pra~isian of this Agr'eemer~t shall be made exce~~t by a ~~rit#et~ aree~r~ent execrated by tl~e ~on~ebu~?er and tl~e Agency. 2~, Agerley may Assign. The Agency rnay, at its option, assrrl or pledge its right to r"ecei~re repa~~rnet~t of tl~e ~~arnebu~~er Assistance Lawn pracee~s ~itl~o~rt obtaining the ca~se~~t of the Hotr~eblryer, ~5, ~urrlb~zyer• Assigl~rY~eri~ Pro~ribited, n rya e~erit shall tl~e 1-~orneb~ryer assig~~ or transfer' any portiar~ of this Agreemc~~t ~vithout the prior express written consent of floe Age~~cy~ pur"ua~~t to the procedures set foa-th i~~ Section 4~ ~z~ the event of are ~~~r~~ersl~ip Default ar~d acceleratror~ of the ~ornel~~~yer Assrstarlce Laan, the full arnour~t shall be due, rncludrt~ the a~ltrngent Equity Partrcrpatran Arnour~t. ATTA~NIEN'p ND~ ~ ~ -15 Farm of Harnebuyer' Laan Ar'eernent ~0~~~~~~0~6'~3~t131~~~~~~-~0~ 1 I~ela~ior~sltip off` Ho~nebuye~• azz~ Agex~cy, The relationship of the Ho~nebtryer aril the Agency p~~rsuar~t to this Areerr~ent is that of debtor and cr`edito~i and shall not be, or be constz~ued to b, a ~oit~t ~cnture, equity ventr~te, partr~ersl~ip, ar other relatranshrp. ~7, N~arr~tnr{ilrg, Ta the extent permitted by la~~, the Agency and its designated ctrrployces at~d agents shall lave the right to enter the Property at all reasonable tirrres ~vithaut a ~ar'rar7t far' fire fur;pose a t~~onitari~~ tl~e Har~~eu~er's cot~~p~iance ~~it~ this ~t'een~et..~ny such entry shall be made arily after reasonable notice to the Hotnebu~er;, ~~~~ict~ shalt Mean at least f or•ty-eight ~~8} fours in alI nan~erne~'ge~c~ sitr~ations, ~~an rccei~# ~f such na#ice, the Hamebuyer agrees to consent to entry by tl~e Agency at~d to cooperate in making floe P~`ope~•ty a~aiiabl fo~~ inspection by the Age~~cy. The Ho~rrcbuyer ackna~vledges ar~d agrees that. if far an~~ reason the Hornebuyer fails to cor~ser~t to such entry or ir~spectiot~, t~~e Agency may obtain are administrative inspection warrant ot` take such atlier legal actions as may be Necessary to airy access to and inspect the Property, The Agency shall indemnify and hall l~ar'rrrless tl~e Hor~eb~~yer frot~~ a~~y costs, clai~r~s, daxaes o~~ liabilities peg+tain~ng to at~y such entry. ~S, ~Cotices, Ar~y r~otices, r;eq~rests ar' appra~als gi~e~~ ~~nder~ #l~is A~•ee~r~ex~t ~~ia~n one patty to atlotlter trray be personally delivered ar ciepasited with the United States Postal service for mailing, postage prepaid, registered or certified mail, return receipt requested to the falla~~ing address; >rIo~nbE~~ei~ To Agcx~cy~ ~o~r~~r~ut~ity l~edeveloptner~t Act~c~ of the pity of at~ta Arlo. ~a ~rV1C entel' 1'la~a Santa Ana, California ~~7D ~ Attention; ~KCC~ltl~e Dlr'cCtor` Either party may cl~ar~ge its address far r~atice by givir~g written notice thereof to tl~e other party, 29 Atto~~lrcys~ fees acrd os~s, Should either of the pa~•ties to this Agteernnt incur attarr~eys' fees in seeking tl~e enforcer~rent of this Areerl~ent, ~vl~et~~ex~ ox• trot a final ca~~rt judt~er~t is entered, the prevailing party shall be entitled to rein~b~~rsement of its reasonable attorneys' fees at~d litigatio~~ casts, including without lirnitatian expert witness fees, by'the other party. ~n#ir•e Agree~Yierif. This Agreerner~t, together ~vitl~ all attaclrrr~ents hereto, constit~~tes tl~e entire understa~ldi~~g and ag~•een~ent bet~~een tl~e Age~~cy and the Homebuyer•~ This Agreement integrates all of the terms ar~d cor7ditiat~s n~et~tioned herein or incidental ther`eta, and sr~persedes all prior t~egotiatiot~s, discussions and previous areerrrents l~et~veen the Agency and the Ho~r~ebr~ye~~ concerning all or any pa~'t ofthe subject matter ofthi Areen~errt. ATTA~HI~I~T N~, l 1 ~ 1 >~orrrr of Horneb~~yer Loan Agreement ~o~sa~~ ~~~~~~~t~~~~~o~~~-~a~l i~a~~~~io block bclns ot~ follo~~ ~a~e,a ATTAH~~~' N~~ 11 M ~ ~ Form ofHo~cbu~e~~ loan Areemer~~ DOC~QCJ14~0~?3~~~ 31~~D27~~0~~1 Y ~T~~ ''~~~~~I`, the pa~•tles ila~e e~ecute~l this A~~eetnent as ai" tl~e date set forth ire tl~e first parag~•a~h of this Ag~•ee~~er~t. B~; Pt~i~~ted acne; B~; Pri~~ed Narne: AG~'~; C~T~~~~~ ~~~~V~~~~~N~` ~G~~~ 0~` THE CITY A~~'A ANA, a public hods, eon;porate aid ~al~tie Cynthia J. eiso~ executive ~ix~ecto~i ATTEST: Maria ~-~~~i~a~`s Clerk of the Council APPROVED AS T~ ~~R: Sty;a~liing Rocca Ca~ilson aufl~, Agency special Cout~sel ATTC~~~~' N~, l S ~`o~•m of~ornebuyet~ Loan Agreement n~coc~i ~~~~~~~fii oo~~~ ~~o~ i ~~~~~T cc~a~ [~o l~~t~~a~ ~~IBIT A TO ATT~H~VI~NT N0. I ~ L~~ ~esc~~~ti~n of ~'~~o~ea~~ ~~~D~ll ~DD67~~T 31~~~~7~-O~~l I+~III~IT "B" PR~ViY~~~ N~TI~~ E~'R~D ~~ED ~I` TAT ~~TIE TD ~VIAI~R~ ~NTINGI+~~ I+1~I~IT~ PARTIIPATI~N AMOUNT A~~ ~I~~ DUI~~ ADD PA~'AB~I~~ III ~RTAYN I~~I~~T OCCUR ~ Santa Atra, ~alifot'rria P~`aperty Add~`e~s;~:~ ~ ~ : ~ ~ ~ lt~ S#ate Grp bode ~0~. ~,~I~UI~~ R~I~~I~I~~I~, the «~~de~'sig~~d the ~~aker~~ ~~~~~nehrre~,~~~ ~ro~~ies to pay to the ~UNIT~ I~~DI~~ELP~ViET ANA ~F THE ITS SANTA ANA, pubiie body, corporate a~~d palrt~c the "alder" or "Agetrey"} at ~o ~i~ic err~er` Pia2a, Sarlta Ala, aiifornia 9~?a , ar at sr~c~~ afher address fire Holder` rrray direct from time to time in ~~ritit~, tine sut~~ specified in t~xe te~~n~s at~d ~~`o~isians of this P~~otnisots~ Nate as tine "Nate Al~rount", 1, ~otr Agreement, This Pr'amissory Nate Secured by Deed. of Trtlst ~tiris "Nate"} rs made and derr~er+e~ p~~~•suarrt to and lrr lrnplernerrttlorr of tt}e omehu~er Loarr Agreement entered Into by and bet~vee~~ t~~e folder and the N~akea` dated ~ ~ ~ ` 2Q ~"Agreement"~, a copy a~ ~vh~cl~ is o~~ file as a public record ~~ritl~ the ~oldex`~ Tire Areen~e~nt incorporated herein tins reference, The faker ack~rowled.es tint b~~t for the execution of t~ris Nate, file ~~olderF ~~~~llid not. enter ir~ta the Areerne~rt or make the loan contemplated tirerein. Unless defit~itions of te~irt~s i~a~e bee~~ exp~`essi~ set or~t at iengti~ hea'e~n, each tet•n~ si~all ~~ave tl~e Battle defll~lt~~n as set lI~ fire Ag~`ee~><~et~t, Term, The term of the Nate shall be forty-fire ~~5} years frarrr the Hamebtryer Assistance Lawn Date ~"Ter'nr"~. 3~ Nate Al~~oi~~~#, The s~~ms dr~e and payable pu~'suat~t t~ the terms and provisions of this Nate corrsist of both the ~Ionrebuyer` Assistance Loan Arno~~nt acrd fire otrtltrge~rt ~q~~ity Participatiarr Amount, as bath terms are irer'einaf~er defirred ~ca~lecti~ely, the "Note Amount"~. As a~~e conlpanerlt of the Nate Atno~~nt, faker si~ail pad to tine Age~~c~ tine principal a~na~~t~t of . : ~ : ~ ~ ~ Dollar ~ ~ ~ : ~ ~ ~ _ ` ~tire "I~otnebuer` Loa~r Arrrau~rt"~, ~~~th zero per`ce~~t ~O~~o} fll~er'es~ tirerea~~, subject to subsectiarr ~a} belo~r. all#lll~~Il# EC~lllt~' P~1'~~c~pa#ror~ .1~marIll#, a seca~d co~rrponent of fire Note Arno~~nt, the faker' shat pay to the Agency, together u~itir the morale the ~ Iornebuyer Assistance Lawn Amount, ~lre ontinerrt Equity par~icipatian Amaun~ as set ~'or~lr lrr Section 7. E~IB~'~ B-~ ATTAC~NT N~~ l Pr`omissory Nate ~OCS~C1~~i4~673~~~31~~0~72-~~~ I ~omehuye~~ Assistax~ce I~oatt Amotil~#; Iiiteres~ ~)efe~'re~i U~r#ii ~ceeie~'a#ioza, The Hornebt~yet' Assistallce Loan Alnautlt shall accrue zer'a percent ~~°Io} inte~'est unless and ~~lltil an e~erlt afacceleration occurs as set forth in ectiotl ~ in wllich e~et~t ~ contingent Equit}r Par'ticipatiol~ Anount as described lr~ Sectrot~ ? sl~all beco~ne due and payable y the faker. ~orneb~~ye~• ~ssis~az~ee I~o~n ~IY~olltl#; Time of Pay~nel~~ and ~ar'givetiess~ No repayment of t~~e Hoinebuyer Assistance Loan Amaatrlt sl~all be required uiless and until the Nate Arnaunt becomes due and payable, as pi'o~ided Iii subparagrapl~ ~f} belo~~?, ~n tl~e e~eilt tllat the Homeb~tyi' Assistance Loan Alnount does not becotne d~~e azld payable prior' to the forty-file ~~tl~} Atli~i~ersaliy of the date of Phis Promissory Note, the fizll alnount of the ~'ronlissory Nate sl~all be fari~~er~, at~d there sl~all be loo frti'tller obligations llereunder, G, ~cceiet'a#iori. The whale of the Note Arno~~nt anal all athet' paylllents due hereunder' ar~d under the Agreen~et~t sl~al~ became drte all[ be immediately payable to tl~e Holder by file N~aker upon the occurrence of a.t~~r one of file fallowing events of acceleration; ~a} the sale or transfer of the Propet'~y for' try path tllei'eaf} by any meatls, 1t~Cludtt~g, witl~o~it iiil~it~tioi3, the lease, exchange ar other disposition of tl~e Px'aperty of ally Interest tiler*e~n, whether' ~olut~tary or' iri~ol~it~tary, except a sale of tl~e PraperFty to a q«alified aderate ~tlcorlle ~ausehold at an Affordable Housing host witll file Agency's prior' ~~~ritter~ appr'o~.l accor~lpisiled iii strict coilfortnlty wrtll section ~ of tl~e Agreernetlt, oi' the trailsfer of the Pr'oper'ty solely as a result of the ll~arriage, di~arce, incotnpetenee or death of ailo or 11141'e iildl~iduals cons#lt~ttln file ~orneb~iyer, so loi~g as the transferees} give wi'itter~ riotiee supported by reasonable e~ideiice of such e~etit to file Agetlcy wrthiil thirty X30} days of its occ~~r'r'et~ce and file ti'at~sfer'ee~s} assltlne~s} the ~ornebuyer's obtratror~s Utldel' the Agreeilleiit, by execution of atl assigll~nellt aid assuinptiarl agreetnetit to be provided by tl~e Agency, ar a sale or' transfer whieli ~inclei' federal law world ilot, by itself, permit the Agency to exercise a due Dli Sale ~i' due on etic~imbratice clause; file faker re~llances any purchase money lien or' el~c~ilnbrailce to wllich the Ager~ey Deed of 'rust i ulaordiilate beach such lien, a "first Lien") for' a loai~ allloutlt in excess of the then current loan balance see~it'ed by such lien or encumbrance and laaii elosir7g casts; andlor . ~c} the faker hand all co-signors acrd co-mor~tgagai's, if any} -fails to owii and occupy the Praper'~y as their' principal t'esidetlce pursltant to ~ectian 7 of the Agreerrtent ar' is Itl Ownership Def «lt as defined. in ectioxl 1 ~ of the A~~eernent. At file ~'equest of the Maker, acrd far a specific occasior~~ the Holdei+ may, its its sole and absal~ite disct'etion, iii writitlg waive t.lie regitireinents of these s~~bpat'agr;api~s and dofer repay~ner~t a~ld~ar exterid the ter'rn of this Note At~y wai~~ei' al' defei'nlent shall be an a case by case basis, ~rld 11D fitture rights far ~vaivei' or deferment shall al'ise ar' be implied, Not~vitlistandirig the for'egortlg, file alCei' t~lay, itporl prior ~vritteii approval by file Holder', refitlatlce any Prrst Lien far' a loan an~o~int equal to oi' less thal~ the then current lawn ~b.lnce secured. by s~rcl~ ~'ii'st Lien, E~I~~T TO ATTAHENT ND. l l Promissory Note ~~CSO~l1 ~~07~~ ~ 31~~~~7~-~~D ~ 7. nriflr~gerit ~qu~t~r Par~~cipa~lo~a Ar~~alrr~f. I~' an event of acc~ler"a#ion oc~u~i a~ described in Section and tl~e Nla~er is not selling the Proper#~ pursua~~t to section ~ of the ~~+e~ir~e~t, the faker' sl~~ll pay to t~~e Haller, ~~~e ~~hale of the Hornebu~er• As~~tan~ ~,oa~r A~Y~ount and the "~0r~tir~gerl~ Equi#~ Participatian At~~our~t," as hereir~af~er defined., 7f tl~e Harrrebuyer is selling the Pr"oper•ty to an eligible Per"sore and ~arrril~ at air 1~~~ozdable Ho~rsit~ host ~~~~th the Agel~cy}s prior ~~r"i#~er~ appr~~~ral, ~n a~ccord~t~ee ~it~r tl~e r~equtren~ent~ a' Sec#~on ~rereundel' acrd ectiorr ~ of t~~e A~reet~enta then no or~tlrlgent Eq~~~ty Participation A~rrou~rt shall be required her"eunder' In cat~t~ec#lan ~~~th r~c~i sale. ~a} a~cu~atiar~ of Moir#irigeri~ Eglri~y Par~ficipation An~aurr~, Tl~e "Contlr~gent Egrri~y Participation At~~ounf'~ t~~eans an a~~rount equal to a percet~tage bare of tl~e appreciatiar~ the P~`opei'#y deterlrrine by rnultiplyi~~g a variable percentage factor the "variable Applicable Facto~~}'} by the differerrcc het~~ecr~ tl~e Saes Pace and tl~e Purchase Price has those ~ellns are l~ereir~af~er4 defined}. fib} ~nriablc Applicabre Fac~or~ alcu~a#iorr. The variable Applicable Factor shall be calcu~ate~ by dividing the Aget~cy's total ~nit~al equtt~~ con~ributian ~tlre "Agency al~tr;ibutior~"~ by the sur~~ of t~~e Age~~cy ~o~~trlbutran plus the Hor~~eb~~yer's co~xtr4~but~o~~ ~tlle "Ho~r~ehuyer4 antribution"}, 7n otl~e~, ~~rords, the Agenc~r antrib~~ti~n shall be the nut~erator, ar~d the sizt~ of the Ae~~cy antrib~~tion pl~~~ t~~e Horr~ebr~yer otrtr;ibutiarl shall be the del~olnrn.tor ~f a ~~+ac#ion that equals a percentage that ~ t~~c Variable Applicable Factor ~s~~bject t~ SeC~IDII ~~~~~~1~~, ~~~ii~~~e Ap~~iicauI~ Factor = A~c,~',,,,,C~ntri~u~la~~ Aen~y Coi1~~~il~utiol1 Ha~rte~iu~re~i a~~t~~ibutiott Fo~~ earnple, if tl~e Agel~cy or~trib€~tio~~ eq~~als $0,000 at~d tl~e Har~lebuyer antribution equals X0,000, the ~at•iable Applicable Factor ~o~rld eq~~al 10.7°I~ x$30,000 divided by the sum af0,000 pl~~s ~~0,000}. 1U.7°l0 ~4~a~siable A~~~~ficabl~ Fac~or•} _ _ ~U,~oO (A~e~~c~ ~o~~~ribu#ioi~} , ~3~,UDO ~Age~~~y ~ontr~b~~#iol~~ ~~50,~oU ~Hamelu~ry~r ~U~ltl`l~lll~10~~~ = {~$oyo~~~ i ~i} Tl~e "Agency or~tribution" ~ tl~e sun of the folla~~ing amounts caritr"ibu#ed bar #l~e Agency to tale iOrrr•cl~ase price o~ t~~e Proper# f ~ii~~ci al amount of the ~ p ~ ~Io~neblryer Assistance Laarl, i,e,, the Affordable Hor~sitlg host Subsidy has hereinafter de~ned~; and ~ii~ the principal at~or~nt~s} of an~~ other loat~~s} or subsidy~ies~ pro~lded by the Agency. ~tl~ The "Han~ebuyer ontrrbutrar~" is the sure of the folio~vi~~ amounts contributed by the Homebuyer to the purchase price of the Property: ~i~ the principal ama~~rit of tl~e First Lie~~ loan; ~i i~ tl~e Hall~ebuyer''s cash do~~rr~ pay~~~ent plus tl~e Hot~ebuyer's poltian of closit~ casts; a~~d ~iii~ tl~e original principal ar~outrt off' loat~s~s~ or other subsicly~ies} ELI-III' ~-3 A~`pT~HNI~NT N0, Promissory 1~ote ~~C~aCll~~~b?3~'~~f2~~272-~4~1 ~ secu~`ed by the Harrrebrryer, ~exciudir~g ar~d other than Iaar~~s~ aa• subsidy~ies} provided by the Agency has set foa~l~ in tl~e defi~Yition of the Aerley Contributlon~~ a~~d applied by the Hat~el~uyer ta~vards the purchase of the Prape~`ty~ ~i~i~ The "Pr~rchase Price" is the original purc~~ase price paid by the Ha~nebuyer` far the orne~~~yer• as the qualified srrccessor a~vr~er of the Prapert~~ to the seller` of tl~e Property {tl~e `Seller{"~ generally this anlarlr7t shall be equal to the or~gi~~al fair zr~a~`I~et ~ralue of tl7e Property at tl~e tirr~e of tl~e initiallorigi~~al sale of the Property the De~relaper to tl~e Ho~~~ebuyer} for the elier's Irlterest irl the Property, exclusive of escro~ fees, title insurance casts, b~'ok.r's con~~nisions, loan fees ar any other closing or tr'ansactior~ casts S~~b~ect to tl~e pra~isiar~s set forth hereir~bela~~~, the value of ual~~ed Capital fr~proverrrents shall be added to tl~e Purchase P~'~ce ~~het~ calculating the Contingent Equrty Participation An~a~~~~t Div} Tl~e "ales Price" is tl~e price to be paid. by the prospective bu~rer` ~~~la is not ~ c~ualrfied Moderate ~nco~~e Ho~nebrryer~ of the Property ~tlle "buyer{"~ to the ~ot~eblryer for the Harnebuyer as tl~e qualified successari o~rz~er of the Prop~rty~ for the Hoa~aebuye~•'s interest i~~ the Property, exclusive of reasonable escrav~ fees, t~t~e ~t~surance costs, brol~er`'s carntl~issior~s, Ioa~~ fees or any other closl~ig o~' transaction costs, Tire dales Price shall be established ire confarrnity ritl~ Sect~an 7~~}~i~, ~n tl~e evert of the Harrrehuyer''s re~rrancirrg, fa~il~u~~e to occupy, or~ are Cv~rlership Default, the "ales Price" shaI be established its co~~fort~~ity ~v~t~x Section ~{~)~ii}. T~~e {`Affo~+dable Housi~~g Cast subsidy" is tl~e atnau~~t decr~red to be a subsrdy from the Agency provided to tl~ Hat~rebuyer by rt~akin the Property a~~ailablc for' p~~aichase at a price that canstit~~tes an Affordable Housing Cost faz~ Hon~ehrryea4 as a Moderate ~~~co~r~e Har~sehold, Tl~e Affordable Hausirg Cost Subsidy eq~~als the diffez'e~~ce bet~veen the appraised fair` rrrarket ~al«e o the Property as of the date of the Areen~er~t and the Affordable Ha~rsing Cast ~c~ ~~rception Calcula~~oir, otitl~star~di~~g t~~e above tl~ Variable Applicable Paetar shall equal the r~ eater affift~ percent ESQ°I~~ or• tl~e ariabe ~p~eahle Factor calculated pursuant to ectiaxa 7~b~; provided l~a~~~ever, in tl~e evert f aker r'ecei~es a First ~iet~ laa~~ fr'ar~r the California Pir~a~rce Agency or a Fig+t ~?ien Ioan the source of proceeds of urhicl~ are f~'a~n tax exerr~pt bonds, then the Variable Applicable Factor shall equal tl~e Variable Applicable Pactor• peg+c~~tage calculated prrrs€lant to Section ~~h~, ~d~ i~si~xg ~~xe V~r~ia~le ~,pp~icable ~"ae~or #a ~e#errlYille #~ie otl#irrgc~r# ~i~tll P~t'f1~1~1~f10I1 ~II~Ol1I1#, Cor~t~r~gerlt ~C~~~rty Par~t~clpatl~tl AI~lOI~~~t 1S calculated by n~r~ltiplyin the Variable Applicable Factor by the difference between tie Sales P~•ice and the P~~rchasc Price, For e~ar~ple, if the Variable Applicable Factor equals ~ 0,"~°~o, the Cor~t1l~ger~t f~q~rity Par'ticipatian Ar~a~~r~t ~~o~~ld then eclr~al l~f~°Io Variable Applicable Factar~ x Sales Price n~inr~s the Purchase Price}. ~rl the aba~re example, if the Sales Price eta acc~rr lxpon resale not conforrrring to Section ~ of the Agreements equals 380,0~~ ar~d tl~e P~~rchase Price egrral 280,00, the Contingent ~gr~~ty Par*trcrpatron Arnaurt ~vauld eq~~al 0,700 ~10~7°~0 ~ x$350,000 rnit~r~s X80,000}}, ~~H~B~T B~~ TC ATTACH~V[ENT N~. I ~ Pl'ornlssory date DOCS0~1~ ~OO~i73u 131~~~~~~-D00 ~ 10~'~°Io ar~~il~le Appl~~~ble factor} x 10~,OOI~ ~~Ies Prise P~1rcl~~se Pl~~ce} ~ II~,7UD [Ulitili~~li~ ~(~11I~~' P~r~1C1~3~~101i Alii0i11if~f alelilafiol~ of orltingerit ~q~iity Participations Amount for tzbeq~r~rlt ~omc~s~~crs~ ~f purs~~ant to ectian 4 of tl~e Agrcerrrer~t and ectian 9 of this date, Buyc~~ leas firlly assumed the Hon~ebuyes''s ol~ligatiarss under the Areerrsetnt, this Date, tl~e Agency Deed of Trust Notice of Affardabnlrty Restrictions and tt~e Affordable Ha~~sirsg Resale Restr'ictian, arsd tlserefter tlse ne~~ 8~~~~er;, a tie s~~cces~oa~ ~on~ebu~e~~, i ix~ ~~r~~ez~l~ip Defa~~I# ~~hicl~ causes an e~e~~t of acceleriatian to occur, Ilse arstrrigen# Eq~rrty Pal'trerpatsars Amount to be paid by sucla B~~ye~~ shall be calcs~lated by multiplying the Variable Applicable Factor, establrsl~ed rr~ ectlar~ 7~b~~ by the difference bet~~ee~~ tl~e aces Price, established in canfarr~sity ~~ith eetian 7~I, and the Purchase Price. ~ No ApprcciatiUls on' ~]epreciatlOns in 'Yul~re of Pn•operty, ~f an e~erlt of acceleratiars oce~~rs t a ti~r~e ~~ixe~~ tine ~'roperty leas ~~ot appreciated or tl~e ~allre of the Propen~ty has depreciated the Sales I'r~ce is iess ti~an tine Purchase Pr~ice~, then tea ontii~gent Equity Participation Amount is due by Maker to Holder', fig} ~lialified capital IIIIpI~oV~ISS~ntS. The ~al~~e of and qualified apitai I~s~pro~ensents co~~spleted by faker dut~in Maker's o~~ncrsl~ip of tl~e Prol~er~ si~li be added to the Pr~rchae Price ~Ilers calculating tl~e ant~r~ent Egrrrty Participation An~ar~rrt only if, rsat later than thirty ~~a~ days prior to tlse e~terst of acceleratrars causii~g file antii~geist Eq~~rty Participation ~4n~ount ~o become immediately due and payable purs~~ant to Sections the Maker subrrsits tl~e fallaing to tine ~Ialdea~~ a~~ itemized list of tl~e uali~ed capital Il~pro~eients, iii} reliable proof of carr~pletion of the qualified capital Itr~pro~etrients has e~idcnccd, e.g., by final btrildit~ penr~sits, a certificate of carnpletrar~ ar orriisal pall irs~arces ar~ car~str~tctiot~ ca~~tracts~, and viii) an appraisal fi'ain a certified appraiser', nnI f0i'tn arsd substance reasos~ably acceptable to the ~xec~~ti~e Dig+ector, the co~~clusion of ~~hich is that the qualified capital rmpra~einerits lsa~re added the stated an~iou~lt to the fair tr~a~~ket ~altie of tl~e Property. ~f, ~~ithi~~ thirty (30~ days of receipt of tl~c iisfor'rnatian carscerr~irs the calif led capital ~mpro~en~ents, tl~e Holder questions tine claimed increase in the value of tl~e Pr'opert~ by reason of sold. ~ialified capital Iinpra~ernents, the Holder a~sd the Maker i~,~y, by il~litual agreeis~enf, estal~lisls the vl~ze of tlse ~~alified capita ~mp~•ove~~er~ts ar file ~Iaider may require an appraisal of the Prioper•ty, at file N~akei''s experlsc, by a second rrldeperldent cer;tif led appraiser appoii~ted ~y the Haller to deterrriitre the fair' irsarket value of the ~ualif~ed capital rn~praveineilts~ ~h} rct~i~ to maker, Natithstanding fire foregoing pro~nsians of this Section 7, caic~~lation of tl~e ot~tinge~~t Equity Par~icipatian Aina~snt is subject to a superrar righ# of the Maker' to s'ecei~e credit in calc«latiais of t~se Pur~cl~ase Price for money paid by the faker Lost acquisition and during fire ter'is~ of file Maker's a~vt7er•Ilsip of tl~c Property for installment pay~ne~~ts of n~o~~tgage principal, pursuant to the First Lien actually bade by the l~t~IBIT B~ T~ ~.TTA~HENTN~~ l l Pi'amissary Note ~ ~C I~CI1 ~0~6?~~f ~ 3i~~~27~-~00 ~ al~er, itt addition to the faitF marl~et value of uali~ed appal Irnpto~ements consistent v~ith the ~•equiretttents of ectian 7{g~ hereof, ~I~ De#e~~~nilrafiorz of Sales Price; A~~prnisal, ~i} Upoxt Sale of flee Property, the evextt of a prioposed sale of the Property by the ~~omeb~~yer that does trot cottfor~n to Sectior~ 9 and riot less tl~an thit~ty ~o~ days aer• tl~e Holder ~'eee~ves actual nattce of tl~e opertrr~ of escrow in cott~tection therewith, the l folder may elect to appoint a certified, independent appraiser' to co~td~~ct apt appraisal of rite Property, at rite faker}s exper}se, to assist the Holder in deterrttrrtrrtg rf the dales Price is at or near rite fait' ~tta~•l~et ~alrre of the Pr+aperty at s~~cl~ tir~te~ ~ tit Sales Priice is deterrnir~ed by rile appraisal to toe three percent ~3°~~} on ~nor• below the fair market ~al~re of tote Property as eti~t~ated in said appraisal, then tl~e `Sales Price" for' ~turl~ases ~f aleterrnrrlrn tl~e ontingettt ~q~~ity Participatio~t Antot~nt shall be rile fair' market ~ralue of rite Property established ire said appraisal, ~ii~ Upotr Refillc~I1C11~g~Falllrr'e to OccupylDefulf, lr~ rite e~ettt of refinanci~tg~ faill~r to ocer~py the Property in accor•dattce ~~itlt Section 7 a'tl~e Agreerner~t, or• art D~~nership Default or~ breach of any pro~isiar~ of the Agreernertt iticit ca~rses the contingent Equity Partrcrpatrort Arno~~nt to becottte ~~nrttediately due artd payable, rite "Sales Price}' for purposes of determirtirt the ~oritirtger~t q~~ity Pa~t~ticipation Arttorrnt shall be detertnirred by an apps+aisal of the Property. The I-~older shall appoint a cet°tified independent appraiser' to corrd~~ct ate appraisal of the P~•ope~'ty~ at rite ~Vfaker'~s expense, The al~er agrees that i~t such e~ertt the oritrriger~t l~quity Participatio~t Atnol~~tt shall be the Variable Applicable Factor multiplied by the difference between rite Purchase Price attd `~Sies Priee" as established by tl~e appraised ~ai~~e of the Property at the time of s~~ch refinancing, faill~re to occupy, or• defa~~lt t~tYder ~l~e Agree~ne~tt. , al~er•'s Acl~~lowledgxttexa# of o~i~i~rge~rt Equity Particilta#iaxz Axttourl#. AI~ER A.NOwLEDOES AND AGREES THAT UPON SALE, TRANSFER OR REFINANI~IN OF THE PROPERT'~ THAT DOES NOT CO~VIPL~ WITH SE~TYON 9, ANDIOR UPON ANA' OTHER DEFAULT THAT CAUSES AN EVENT OF AOELERATION AS SET FORTH IN SECTION G HEREOF, ~VIAI~ER SHALL PAS TO HOLDER SIN ADDITION TO THE AEN~' LOAN AMOUNT}, A ONTINOENT EQUIT'~ PARTICIPATION AMOUNT EUA.~? TO A PER~ENTAE SHARE OF THE APPREOYATYON OF THE PROPERTY AS ADULATED PURSUANT TO SECTION 7, NIAERII~ONIEBUVER'S INITIALS; 9. Sale #o ~Io~lex•a#e Iracom~ Ilousehol~ a# Afforc~ahYe ~Iarasi~t host, luring the . Affordability Period, the Note will not become d~~e and payable and rro ontitterrt Eq~~ity Participation Antaunt shall be required lrereu~rder in cortr~ect~ott with such sale, rf the maker sells ~~l~Il~lT B~ TO ATTA~ENT NO~ l 1 Prontissot~y date ~a~~~~~1 1 or' other'~vise conveys the Prapetty to Bliible Persons acid Famrlres, and the purchaser assurrres this Note acrd the Agreerrrent by are assignment and assut~ption agr•eet~et~t which is r`easanably acceptable to the Halder~ 9,1 Affar~a~~e Hausi~~g os# - i1~nrle~•~te ~~~eo~ne Hurrse~~o~d, Tire mal~er4 has ~ualifed ~ at~d eael~ eligible a~ad gr~alified successor-in-interest to tl~e Maker' shall be a person ar family of Moderate Incoi~le, Tl~e term "Affor"dable Housi~~g ast'~ a used l~e~~ein and far each Moderate It~came Hamebuyer ~at~d alI sr~ecessar`s tl~er`eta d~u,i~~ tine Affordability Period} shall be as defined ire Health Safety bode Sectior15~0~2,~ far its successor statute and the itrrplerrrentrng r'egulafions thereto promulgated by the Hor~si~~ at~d Cam~rrunity Develop~r~ent I]eparttrrent of the State of alifornia~ prodded, l~o~vever, that the term Affordable Ho~~sir7 Cost shall include Monthly Housing host as defined in Sectiol~ h9~~ of Title ~5 of tl~e Regulations. Not~vithstandi~lg tide px'a~iiax~s a this Section 9r ~ ~ if the Property i~ sold d~~rrrig the Affor`dabili#~ Per'iod by tl~e maker to a Moderate Income Household, ar~d the Sales Price does not exceed ate "Affordable I-Iausing host" to such Buyer, then so long as the Maker is not in default neither ~~~nersl~ip ~]efal~lt and~oz~ mait~te~~ance Dfa~rlt} aftl~e Agr'eemet~t, this Note ray be asr~med by tl~e eligible Brryea~ by ate assig~~t~e~~t and ass~~rnptiar~ agreeruent 4~hrch rs r`easanably acceptable to the Holder, Upotr the effective date of such assigr~~rrent and assutnptiot~, the assigning Maker' shall na lodger be liable far any further obligations l~t~der the Agreei~]I~t Or' tllrs Note that aCCrr~e after` tl~e date of txCh assrgnn~ent and ass~~mptlor~, In order` to verify the Buyer's status as a moderate Inca~~e Hausel~old, tl~e faker shall subrrrit to the Holder` tl~e ldentrty of tl~e proposed Buyer old .dequ.te rnfar'n~atran evrdel~crng the lncarne and l~o~~sehald sire of tl~e proposed Buyer, Sard rrrcome rnfarmatiot~ shall be subr~rrtted together ~vith the notice of proposed sale pursuant to Seetia~~ ~ of the Areen~e~~t xaot less than thir`#y ~0} days prior to opening of escrow for the proposed sale and sl~ail inciude orrgrnal vr' tr'~~e copies of pay stubs, income tai records or other f ~nancral documents rn order that the Haider may verify the laousel~old income of the proposed B~ryer to determine whether` the Buyer is a Moderate It~carne Hauselrold, and whether rile Property is being trat~sferr`ed to s~zcl~ B~ryer~ at an Affordable Housing host. If the Holder is unable to verify the Buyer's inca~~ne as prodded lrer'eirr prior to tine pr`apased sale the~~ the Buyer's it~carzle shall be deemed to exceed rite rr~axirt~urri alla~vable itrcome limit for Bligible Persons and Families, ~0, eeu~~ity fo~~ ~o~e, This Nate shall be sec~u`ed by a subordinate deed of tr~~st acrd rider tl~e~'eta of e~ren date ller'e~vitl~ encumber`in.g the Pr'oper•ty ~tl7e "Agency ]deed of Trust"~, e~ec~~ted by the maker', as tr'ustor', rn favor of the Holders, as beneficiary. 11, Prepay~nelit of Nute, The Maker trray prepay this Note to the Holder, provided that a~~y prepayrrrent must be in fall and trot in pa~~, Pr`epayrnent shall be treated in the same ~nar~r~er` as refir~atrcrrlg of the Propet'ty, In any event, the Affordable Hauling Resale Restrictions shall cantirl~~e in f'irll farce ar~d effect, notwithstanding such prepayn~ent~ 12, ~3oYt~er IViay Assrrr, The Holder ray, at its option, assign its right to receive pa~yr~errt utrder this Note rtha~rt necessrt}' of abtalnrng the consent of the Nlal~er~~ B~HIBIT B„~ T A.TTAH.BNT 11 Protnissory Note Da~Sa~~1~0~~'3~~1312~~272-~~~1 13, ~e~+ Assiglimel~f Pro~ai~i~et~. In no e~e~~# shall the al~er assign or transfer any portion of #his Note, the bate A~notznt at~dlor the A~;e~~r~en# ~vi~hat~t #t~e prior e~p~~~s written canser~t of the Holder as p~iovided in sec#io~~ 9, ~airit and Sever*~l, Tl~e ur~dersigned, if t~rore than one, shall be jointly and se~era~ ly 1 fable hereunder', ~5~ At~o~~rteys~ fees arid. dos#s, Its the event that any action i il~stituted #o etrforce paytrrer~t under this No#e, the parties agree the r~ot~-~~~evaili~~ party sl~al be respol~sible for acrd shall pa~~ to the prevailing party all court costs a~ld all attor~~eys' fees ir~curred in enforcing this Notes 1. A~nez~t~~r~errts, Tlris No#e trray no# be ~nodifi~d ar arnerrded except by an i~~strument in ~vri#i~xg expriessi~ig suci7 intention exect~te~l ~ the parities saugl~# #o be hound #here~y~ which writing r~~t~st be so firmly attached #o #his Note so as #o becotrie a perrnanerl# part #l~ereof, ~7, al~e~~'s waivers, Tl1e ~al~er waives any nigh#~ to require the folder toy ~a~ det~ar~d paynren# of a~~lou~~ts due ~kno~vn as "l~rese~~tn~ent"~, fib} give ~~atice that arrraur~#~ due lave trot bee~~ paid ~k~~owtr as "x~atice of disharror•"}, at~d fie} obtair~ ate affic~al certificatior~ of ~la~rpayrr~ent known as "protest"}, ~S, No#~ec. At~~ notice tha# ~~nt~s# be given to #lre al~er ur~der this No#e shall be given by personal deli~et~y oti by mailing it ~ certified mail addressed to the Maher a# the property address above or stlch o#l~e~• addriess, as Mal~er• shall direct from #irr~e #o time in wri#ing, ~ailt~re or delay its giving any too#ice required heret~t~der shall not cor~sti#ute a waiver of any default or late paymel~t, nor shall it change tl~e time for any defa~rlt ar payrne~~ta At~y ~~otice #a tl~e Holder shall be gi~re~a by certified mail at tlae address stated above, ~9. uccesso~.s Bolrx~~~, This Na#e shall be binding t~por~ #l~ panties hereto acrd their respecti~re heirs, r~ccessars acrd assigns, ~~'fect off' ~`or•eelos~r~~e, ~f title to the proper~#y is tr}ansferred by foreclosr~re or acceptance of a deed its Iiet~ of fo~~eciost~re, ar ass~ntne~~t of the ~'rrst f,ien to the ecr~etar4y of #lae Department of Housing ar~d ~rbat~ Developrnerr#, the A.greernent, the Affordable Housing Resale Restriction c~ecttted pursuant #a the green~ent, Notice of A~ffordabtiit}t Res#riction a~~d the Agency Deed of #rust shall be autarna#ica~ly #ermir~ated and shall Dave na further effect as to the ~'t~ope~~ty or any transferee thereaer. Clg~latt~re bloc~C begins o~i follow page, ~~IBtT ~~S TD ATTA~H~~NT ND, 1 ~ ~'rornissory Nate ~~CSOCII ~00~~3~~1 ~12~D272-0~0] I~ ITS IVial~el~ eec~~teo~ this Note as o~tl~e ~a~e set fo~~t~~ below. IVIA~~ a~~d ~EU'~~; P~~~t~ted Na~ne~ Pr~~n~e~ N~r~1e E~III~I~' T '~~ENT N~, 11 P~'ot~~sol'~r N~~e D~C~~I1 ~O~b73 ~t 1 ~f~ 0272-D~~ 1 H~~IT DEAD TROT KITH AIN~NT ~F RENTS RE~RD~N R~H~ST~D BY, } AND ~N RE~I~D~D IA~L T~; } ~arnrnuait~ l~edeveloprnent Agency ~ of the pity of Santa Ana } 20 i~ic et~ter Plaza ~ Santa Ana, alrfarnra~ 927x2 ) Attn. xec~rtiye Director ~ Thr5 docl~rner~t is eKelnpt frotrr pa~me~~t of a recording fee ptrrsuarrt to overt~rner~t Code ectio~~s a~~d 1 a3. DE~~ ~I~~ TRUST NTH ASS~~NENT 4~ RANT ~~DRT F~~~} This DEI~1D TRUST is ~r~ade as of 2a bet~veer~ hcreit~ called TRUSTOR, lose add~`es is i , T~T~I+~ llereln called T~.IT~~, end tl~e ~~~N~T~ REDE~EL~P~~VT A~N~ THE ~T~ 0~ SANTA ANA, a public bady, corporate ar~d p~1rt1C, herein called ~EN~~~~AR~~ ITN~S~TH: That Trustor grunts to Trustee ire trust, ~~it~~ o~ver~ of sale that praper•ty ire the its of Santa At~a, aunty of ~rar~ge, State of kalif orrria, de~~r4i~ed a~~ SEA E~H~BIT "A" ATTACHED ~~RET~ ANA ADI~1 A BART H~R~~~`. taether ~vith the rents, iss~~es at~d ~r;oft t~~exea~`, ~~bject, l~o~v~~er, to fhe right, pa~~er• and ar~thorit~ hereinafter given to and conferred upon Be~~afic~a~•~ to callect and apply such rents, rss~ies and profits faz` the rr~•pose of securing ~1~ that Protnissor~ Note dated ~ ~ ~ ~ ~ 2~ : made b~ Trtzstor in fava~• of Be~~e~ciary, and e~tensior~s or rer~e~vals tl~ereaf, its the principal sutra of H,S, ~ ~ ~v~ti~ inte~~est tl~erea~~ ~rncl~rdrn ~vrthaut lrmrtatlar7, 1I~t~1'est lIi the farm of Sl]ar'ed appreclatlor~ ~ deflr~ed 1~1 t~~e Pa•o~r~lssar~ Note ~ tl~e "ontlr~gent ~~uit~ Partrcrpatlor~ A~naur~t"~, ~~itl~ the balat~ce of the rndebtedt~ess, duc a~~d payable an accr~rrence of arr e~erit of accelerat~o~~ as defined its the Prarnissar~ Nate, tl~e perfarrnance of each ag~'een~et~t of Trr~stor ir~corparated b~ reference or corrta~ned herein, at~d pa~~nent of addrtlonal s~~rns rid ~nte~`est thereon htch mad hereafter be loaned to T~{usto~i, o~i leis successors or assigns, ~vhen evrclenced b~ a promissory Hate on notes reciting that they are secured b~ this Deed ofTrrrst. Ta protect tl~e sec~zrity of this Deed of Trust, and ~vith respect to the property above described, Trustor e~pressl~r n~l{es eac~~ and all of the agree~~ents, and adapts acrd agrees to perform and be bound ley each and all of the terms a~~d pro~isiot~s set fo~~l~ ~n sr~bdivision A, a~~d it is rnutuall~ ag~•eed teat each and all of the terms and provisions set far`th ~n ~~bd~visian ~ of E~~.IBrT ~l T~ ATTACHMENT N0. I ~ Deed of Trust ~~~itl~ Assigntnet~t of bents Da~O CIS ~~067~~f l ~i240~7~-~~01 the fictitious deed of trust recorded in Orange out~t~ August ~ 194, and its ali other counties Aug€ist ~ S, ~ 9~~, in tie boob at~d at t~~e page of ~f~cial records in t~~e o~~ce of tine cout~t~ leCOrder of the cout~t~ ~~here said ~t•opcr•t}~ is located, toted help opposrte fhe r~ame of s~~cil co~~nt~, na~ne~; COUIITY BDOK 1~A~11 CQi~~IT1' I3ool`. Pt~GI~ C~Ui1'T~' Boole PAGE ~Qi~11~'Y I30~~ ~A('i~ ~~&kne[1a 556 K1n~a 713 P1aCe~ 379 Sierra r~l~ik~~ 3 I30-31 Labe 437 I10 Flr~mas 166 1347 Siski}~otk 54b 7b2 A~~}adar 133 43S Lasseu 192 367 I~i~•erside 3778 317 Solano 1287 621 Butte 1330 513 l.os r~ng~les T3S75 834 Sacratn~ktto 5039 124 Sonoma X067 427 Caia~•~~s I35 338 Aladera 911 13G Ban 13~nita 340 405 Stai~isla~~ 1974 5b Colusa 323 39I ~lfariu 1849 122 S. ~emardi~~a b2I3 7b8 Sutter G55 585 Conga Costa 4bS4 1 ~lar~~osa 90 453 S. Francisco A-8D4 596 Teltama 457 183 1)el I1xa~ta 101 5~9 Ilfendocina bbl 99 S. ~o~tquin 2355 2S3 Trilkity It78 595 ~I Daradn 70.1 b35 l~teree~ 1650 753 S. ~.lkk5 obr5pn 131I 137 T~~jare 2530 148 Fresno 5052 623 Iliadac 191 93 San ~liaceo 4775 175 T?~alu~~u~e 177 lt}Q Glen~~ 469 76 lfono G9 302 Santa Barbara X065 881 ~~entura 2bQ7 237 Humboldt 801 33 Alanter~y 357 239 San#2~ C1ar~ b626 6G4 ~'a1a 769 16 I~~3perial 1189 7~1 ~rapa 704 742 Santa Crrk~ 1638 b47 !'tkba 398 G93 1n}•o 1b5 G72 Ilerada 363 94 Shasta 840 633 l:er~t 3756 b90 orange 7182 18 San Diego 1964 l~1977~ series 5 shall inrr~re to a~ad hind tie parties ~~ereto, ~~ith ~•espect to tale pr•ope~~t~ above described. laid agreements, terms acid pro~isior~s contained in said subdivisions A and , ~ider~ticai in aii counties, and printed on p.ges and ~ i~ereof~ ate by tl~e within reference thereto, ir~coror~ated ~~ez~ein a~ad ~~~ade ~ part ~ this Deed of Trust for ali purposes as f~zil~ ~ set forth at let~g~h l~ereir~, and Be~~efieiaai~ n~a~ charge far a statement regardrng tl~e al~l~gat~o~~ sec~r~•ed hereby, provided tine charge therefor does teat exceed tine n~ain~~~tr~ alla~ved by la~~, The undersigned. Tr~lstor, re>.test that ~ copy of at~y notice of defa~~lt and any t~otic~ of sale ~~e~•e~~x~der be trrailed to i~im at his address hereir~before set for~i~, Tr~~stor• ~~H~BZT TO A~TTACH~IENT X0,1 ~ Deed of Trust itl~ Assi~~rnent of ~et~ts ~DC~Cl1 ~O~G734fI ~IZ0oz7z-ao~~ E~HIB~T "A}' T~ D~~D TRUST LE SAL D~ RIPTI~N Ito e i~~~et~te~ ~~HIBIT i T~ ~~'T~HENT N~ ~ 1 ~ To I~~~d o~ ~`~~~~st it~~ ~s~r~r~el~t of Rents ~eg~l De~et~iption ~~~~~~1 ~~~~~~4'1 ~~YBIT T~ DAD TRT1T D~ NAT C~~D The falla~~rlrrg is a copy of ubdrvrsrorrs A acrd B of the ~ctrtla~~s Deed of Tr~~~st r'ecor+ded irr each co~zr~ty in alifornta as stated in the fat"egoing Deed of Trr~st and i~rcarporated by r"efercrrcc irr said deed of T~~~~t as being a part thereofas if yet fot~lr at le~rtl~ tl~eaiei~~~ A, To protect the security of tlris Deed of Tr~rst, Trr~stor agrees; ~1~ Ta keep sand property rn good corrditrorr arrd repait4; not to r'r~o~e ar~ demalish azry buildi~rg tlrereorr, to complete or restore pronxptly arrd irr good and ~~arkrrranlike rnatrtrer" airy u~idix~g which may be eorrstr'ucted, da~naged ol• dest~~oyed tl~er'eon and to pay ~~hen due all claims for labor per'for~~ned a~~d materials fr~rrrrslred tlrerefor, to carnply ~~itlr all la~~s affecting said property or' r"euiritlg any altex"atians on impravernents to be rnade tlrerearr; trot to catnrrrit or" permit waste thereof; not to cornrnit, suffer or' per~r~it a~~y act r~pon said property in ~Fialatiorr of la~v; to c~r~ti~ate irrigate, fertilize f~rtnigate, pr~~ne arrd a ali ot~~er acts ~~hich frorrl the cl7arac~er or rrse of paid pr'aperfy rna~r be t•easot~ahly ncccssar~y, the specific errutneratiot~s herein teat excluding the general, ~2} To provide, mairrtairr arrd deliver to beneficiary fir+e ins~~ranc satisfactory to and ~~itlr loss payable to beneficiary, The ~rrrount collected undeti any fine o~~ other insr~ra~~ce policy may be applied ~y beneficiary t~pox~ a~~y indehtedr~ess secured lrereby and in suclr ar'cer as beneficiary Wray deter'rnirre, or" at aptiotr of be~reficiary, the errtir~ amount sa collected or' any pant tlrereaf rrray be released to Tr'rrstar', uclr applrcatlarr ar release sirall not care ar ~~ai~e any defa~zlt ar notice of defa~zlt hereunder' or' rn~alydate any act dame p~u's~~ar~t to such ~aotice~ To appear i~~ and defend any action or" proeeedirrg ptrt"por~ti~rg to affect tl~e secr~rity l~ereaf ar the r"iglrts or pa~~er"s of Bex~e~cia~~y or Trustee; and to pay all casts arrd xpet~ses, rncluding cast of e~rdence of ~ltle and attor•~~c~'s attarne~~~' fees irl a r"casarlahle s~1rI1, irr arry suclr actiatr ar pr"oceedi~~g in ~vhicl~ Beneficiary ar' Tr~rstee may appear4, and in any suit br'o~rght by Berre~ciar'y to foa~eclase this Deed. ~4} to pay; at least tern days befa~'e delin~rrency all taxes and assessments affecti~rg said properly, irrcl~xdirrg assessments orr app~~rte~~at~t water stack; ~~hen due, all errcurnbr'arrces, clrarges a~~d liens, ~~itll interest, an sold property or airy pant tlre~'eof~ ~~l~ich appear ~a be prior or" s~€perior he~'eto; all casts, fees arrd expenses of tlrrs tr~rst. lrar~ld Trr~stor fail to make arry payrnerrt or' to do any act as herein l~ro~ided, tlren benef ~ctary ar' Trustee, hr~t ~~1tl~out ahlrgatlorr so to do and ~~ltlra~zt nonce to or~ de~r~and upon Trustar arrd ~rthout releasing Trutor from arry obligation tiler;eof, rnay; make or do the carne in srrclr zna~~net• and to such extent as either may deem necessary to pr+otect the security hereof, benefrciar'y or' Trustee being a~~tlaorized to enter upon said property far' ~rclr purpases; appear in and defend any action ar' proceeding pr~~'par~ti~~ to affect tl~e security hereof or' the r;iglrts ati po~~ers of Beneficiary or Tr'us~ee~ pay, purchase, contest or con~pro~rrise any errcrimbrarrce, charge or' lien ~~hiclr in the judgment of either appears to be prior or strperiior' hereto; and, Vii] EXHIBIT I T~ ~TTAI~T 11 To Deed of Trust rtlr Assignment of Rents Norr~I~ecordable Attachment DOCSDCII ~~~~73v~ 3I~0~272~~~~ ~ s exercising any such pa~~ters, pay i~ecessar'y expenses, elrrploy counsel and pad his reasonable fees ~5} To Pad iil~lnediateiy and ~~itllo~it dellland all sui~ls sa expended b~ ~erreficiat'y ar Trustee, ~~~th lriterest fi'on7 date of e~penditur'e at tale ail~laur~t allowed la~~v irr effect at tl~e date hereof, gild to pa~T for any statement pi~o~icled for by la~~ in effect at the date hereof regarding file ohligatian secu~'ed hereby any amount derrlailded by the beneficiary nat to exceed t~~e ma~lmuln allo~~ed b~ la~~ at the tlme Allen said statelnellt drrra.nded~ It 1 illutlrall~~ agl'eed~ ~1~ That arl~ a~~ard of danlaes 11~ connecti~ll ~tll al~y eandern~latian far p~iblic use of or injury to said pr~opert~ o~~ and pay;t ther~eaf i i~e~~el~~ asigl~ed at~d ball ~e paid to Be~l~ciary ~l~o lr~ay apply ar' release such monies i'ecei~ed by hin~ in the sarrre i'naniler and ~~~ith tl~e sarrre effect as abase p~'o~ided far disposition afproceeds affire ari atller ir~srrr'arlce. Tlrat ~ accepting pay~l~eilt of and suil~ secured hereby offer its due date, ~el~eficiar~ does riot ~~ai~~e his right either to re~liire prort~pt paylrrent when d~~e ofall atl~er' strlrls sa secured of decla~'e default for failure so to pad. That at airy tlrrre o~• fi'ol~l time to time, ~vitl~ot~t iiability ther'efor' wild ~~itharrt notice, upon ~~~rittelr request of ~er~e~ciary arrd presentatiail of this Deed and said note for endorsen~etit, ~rld ~~ithaut affecting the personal liability of any person for pay~r~ent of tl~e irrdebtediless sec~~red iel~eb~, Trustee ~»a~f recolr~ey any part of said prapert~; consent to the irlaking of any lrrap ar plat thereof; join in granting any easement tl~e~+eotl; ar' jaln in and extenslan agreement or al~y areeirrent s~~bol'diilating the lien or cllar'e llereof~ That upon ~uritterr r'et~~~est of Belief i~iai~y stating that all sums sec~ired hereby lla~e been paid, and upon surrender of this Deed aid said note to Trustee for' cancellation alld retention ar' atlrer d~spasltlar~ as T~'~rstee rn its sole d~scretlon may cll00se alld upox~ payn~ent of ifs fees, Tr~~istee shall reconve~, ~itl~o«t ~~ai'i~ailty, tl~e p~'ape~'t~ then held here~lr~der', Tl~e ~'ecitais in s~~ch ~'ecotr~e~ance o~~ oily batters or facts shall be cai~clr~si~e proof of the tr'utlrfulness thereof, The ~1'al~tee in such re~or~Veyailce may be described as "tl~e person or' persons legally entitled. tllel~eto." That as additional security, Trustor hereby gives to aid cal~fers upon Benef ciar'y the right, po~~rer' al~d ar~thor'ity, during file cantinual~ce of these Tr~~sts, to c~lleet tl~e rents, lssl[es and p1'of its of said property, resel4~ing ~~rlta T~'rrstor' the r'igl~t, prior to any default by Trustor in payment of any ti~debtedness secured hereby ~i` iii perfarlnarrce of arly areei~leilt leer;e~~nde~i, to collect aid retain s~zch ~•et~ts, ls~~es a~~d profits as they became due and pa~able~ ~por~ any such default, ~elleficiary nay at any time ~'~lthout ~latlce, erther ail person, by agent, ar by a receiver to be appoir7ted by a court, arrd 4~ithout regard. to tl~e adequacy of and sec~~r'ity for the indebtedness llerieb~ secured, enter upon and take possession of said propei~y ar any par+t thereof, in his o~~rr r~arrie srre for' or ot~~ei~~ise collect such Vents, iss~~es, and profits, including those past dire and ~inpaid, aid appl~r the carne, less casts aid expenses of apel'atiail aild collection, rncl~zding reasonable attorney's attor~l~ys' fees, upon ails ir~debtediless ecul'ed ~~~IBIT ~-2 ATTAI~N~ENT I I Ta Deed of Tr~ist ltll Assigr~lne~lt of Rents ion-Recardabe Attachment ' D~CSDCII ~OD1~7~s?1~I~Q~~7~-OOOI hex'eby, and ire ~€rch order as ~eneiciary nay determine. Tl~e entering upan ar~d taking passess~ot~ of Bard prape~~ty, the collection of slreh rents, issues and profits and the applicatian thereof ~ afor'esaid, shall Hat cure ar warve any default or" Notice of default here~~t~tier on invalidate any daze pt~rsuar~t to suer ~lotice. What upon default Tr~~stor in pa~rnent of ar~y indebtedness secu~'ed leer;eby or in pet~farrnance of any agreement l~ere~~nder, Beneficiary nay declare alt s~z~~s see€rr"c~ irereb~ irnmediately due anal payable ~y delivery to Trr~stee of ~~~r"itter~ declaration of default and demand fo~~ sale and of ~~ritten t~atice of default at~d of electia~~ to cause to be Bald said pr"a~erity, which notice Trustee shall ca~~se to be filed for• ~~ecard. Ber~eficiatky also shall deposit with Trustee this Deed, said Hate at~d all dactlrnents evrderle~ng e~pe~~d~tu~"es secured he~ihy. After the lapse of such time as rr~ay then be required by la~v folla~~ix~g the recordatiarl of said notice of defa~rlt, arld ~~otiee of sale ha~ring beery given as tl~et~ r"equired by la~~, Trr~stee, ~L'ltllallt demand on Tl"ustar, shall sell said property at the time a~~d place fixed by it ire said notice of sale, either as a v~l~ale ar in separ~ata parcels, acid in s~~ch or"deg" as it tna~ determine, at p~~blic auction to the highest bidder far cash i~~ la~vfirl rnaney of tl~e United Mates, payable at time of sale. Trustee tray pastporle sale of all a~" rly portion of said pr'ape~ity by publrc arlrla€zr~cer~~ent at such time a~~d place of sale, aid f~•orn trine to tune thereafter may postpol~e sucl sale by public annout~cer~er~t at tl~e tine fixed by tl~e p~'eceding pastpo~~etnent. Trustee si~ali delver" to s~~cl~ purci~aser its deed canveyi~~ the pr'oper'ty so said, but ~~ltl~o~~t at~y covenant or ~~arra~~ty, express ar irnplied~ Tl~e rceitals in s~~cll deed of any matters ar facts siaall be canclusi~re proof of the truthfulness thereof, Arty person, incl~~din Taiutor, Trustee, oa{ ~et~ef iciar~ as he~~eit~after~ defined, may purchase at such sale After" deducting all costs, fees and expenses of Trustee and of this Tr'~~st, inclrrdin cost of evrderice of tale In cannectror~ ~~itl~ sale, Trustee shall apply tl~e pxoceeds of sale to payment af: all Burns expe~~de~l under tl~e terns hereof, not then repaid, ~~itl~ ace~'r~ed interest at the amount alo~ved by la~~r in effect at fire date hereof; all other su~~s then ec~~red hereby; ar~d tl~e ret~lait~der, if any, to tl~e person ar persons legally er~titled ti~e~'eto. Ber~eficia~4y~ or any s~~ccessor in o~~~r~erslrip of at~y indebtedness recur+ed leer"eb~l, m.~ fr~an~ titrre to titrre, by it~st~"umenf in ~r~•iting, substlt~~te a s~rccessol~ a~" s~~ccesso~~s to any Trrrstee Warned he~"ein ar actir~ hereunder, ~vhiel~ inst~tut~~el~t, executed by the Be~~eficiar"y a~~d d~~Iy ckna~vledged and recar"dcd in the office of tl~e ~'ecorider~ of tl~e counter a~~ co~rnties where said pr'opez~ty is situated, shall be canclusi~re proof afproper" srrl~stitr~tion of srrch successor Trustee ar Tr'~~stes, ~vl~a sllali, ~~itl~orrt conveyance from the Trustee predecessor, succeed to all its tltle, estate, rrgl~ts, pa~ve~'s ar~d d~~tles~ aid ~t]5~t"r~rnerlt must Cotlta~n the rlatne the or"lglr]al Trustor", T~'rrstee and Ber~eficia~"~ hereunder, the boob and page he~'e this Deed is reco~~ded acrd the r~arne and address of the r~~~ Trustee ~8} That this Deed applies to, inures to the benefit of, acrd binds all parties hereto, theia{ heirs, legatees, devisees, ad~nir~istrator, executor's, sr~ccessars arld asslgz~s, The terzn ene~eiary shall mean tl~e owner at~d holder, inclrrdi~~g pledgees, of tl~e Hate secured hereby whether or not named as Beneficiary herein. ~n this Deed, ~~henever tl~e context sa BHIBIT B-~ TO ATTAH~T ~ ~ Ta Deed of Trust kith Assignment of dents ion-l~.ecordable Attaci~rr~ent I~aOCII O~b73~t13i~~~2?2-~~~] re~~ri~~e, the masculine ende~• ~r~cludes t~~e fe~~in~ne a~id~oi{ t~eutex~, at~d t~~e singular number lll~~lx[~es ~~1~ ~~klt'~l. T~~at T~~ustee accepts this Tr~~st ~~het~ this Deed, ~uiy exeeute~ and ack~~o~le~ge~, is trade a pk~biic record as pro~~ded b~ la~~. Trustee is riot obliga~te~ to not~'~ at~~ par•~~ hereto of per~ding sale under and other Deed. off' Trust o~~ of and action ~1• proceeding ~z~ ~~hici~ Trk~sto~~, et~eficiar~ or Trustee s~~all be a party unless brought b~ T~{~~stee, ~~I~IBIT B-4 TO ATT~H~~NT ~0, i ~ To Deed of Trust kith Assi~~~nent dents on~eeordabie attachment ~~~C! 1 ~ ~~b7~ v 13I~0~~72-00~ ~ ~III~~' ~~T roe r~l~~ ~~o~v~~~~c~ ~'he undersigned is the legal a~~~~er and holder ~ the Mote or notes, a~~d of all o#lrer indeh#ednes sec~~red by tine foregoing Deed ofTrust~ laid note or' notes, togcflrer with ail o#he~• i~~deb#ed~~ess secured by said Deed of Tr«s#, have bee~i fully paid and satisfied; ar7d yo~~ a~~e hereby rcq~~es#ed and directed on payrrrent #o yo~z of any utrrs o~~ning owing to yore r~nde~• tine terrrrs of said Deed of Trust, to cancel said Mote oz~ x~otes above r~entiorred, acrd all other e~idenees of indeb#edness secured ~y saki Deed of Trust delivered to yo~~ here~vi#h, together r#h the said Deed of Tr~~st, and to recot~vey, ~vitl~ou# ~arran~y, to #ire parties designated by file ter~r~rs of said Deed ofTr~~st, aid tine estate no~v held by you ~~~ade~~ the satrre. Dated: Please rail Deed of `~~`~~ust, dote and Reconveyance to ~o r~o~ dose o~• c~es~~•o r ~~~is ~e~c~ o ~'~•~~s~ ~ 7`~~.~ ~~fiT~rc~t i~ se~~~r•es. ~n~h r~r~~s~ ~e ~e~i~f~~rec~ ~o C~~e ~~•t~s~~ o~• c~~ce~Ia~io~ b~ o~•e ~•eo~~~fe j~~?C~ x~f~~~ ~e ~~~~a~e. DI+~~D 'BUT ~lf~l po~~ver Df alc TI~U'~~~ f ~HIBIT -1 T~ AT'TA~~~T N~. 11 ~'o Regr~es# for Pull or7vo~~at~ce DD~~~114~0~?3~'13i~~~~7~•00~1 c lti~lf~~ 1 ~ ~L' L` ~ T~~ Tl~is ~~~]~R T~ ~~~D U~ T~~T is lnade and delivered p~trsuat~t to and in it~rplemer~tatior~ of the Horrrebuyer Lean A,t`eement entered and between the Tr~rstot" and the ~erre~ciar~r dated ~ ~ ::~`:::.:~4.:`.: ~"A1'eet~~et~t"~, a cop}r Df ~~lric}~ is on f le as a .s.:..- publicr'ecor`d v~ith the ~et~ef~ciat`y at 2~ civic tenter` Playa, Santa Ana, alrforr~ia 92~~1 and is incarpot'ated herein by refer`encef Unless defilritiot~s of ter"t~s have been e~~resl~ set out t length herein, each tetra slrall have tlae same de#"inltlon as set fo~~t}~ rn flee At`een~et~t~ Trrrstor at~d beneficiary f~rr`tlret` covenant alyd agree as folla~v: 1, Aeceler~a#roli of Payment. The whole of t}~e Note Alnount and all other paytrretlts due heteutrder at~d under the Agreement shall become dtte alyd be imtrrediately payab}~ to the ~eneficiaty by the Tt`trstar upon the occur"t`ence of any otre of t}~e follo~~ing evetrts of acceleration: ~a~ the sale or tr`ansfer' of the Prapet'~y dot` at~y pant thereat by any means, tl~cludrn, ~vtthout lttnltatlor~, t}~e }ease, excl~at~ge o~" other` dtspastttorr of tl~e Property ar` ley ilrter'est thereil~, ~vlrether` vol~tntat"y or involulrtat`y, except ~A} a sale of the ~'~'opet"ty to a qualified Modet'atc ~ncol~te Hortsel~old at an Affat"dable Hausirig host with tl~e Betre~cial`y's prior" ~~~ritten approval accorrtpii~ied its strict conforlity ~vit}~ ectiatr ~ of tie Areet~etrt, or` the tt'ansfer of the Property solely as a result of the marriage divorce, incotrrpetetrce at" death of one or snore lt~drvrdrtals col~S~ttuttng the Tr"llstat", so long as the tt'ansferee~s} ~lve ~vt`tttet~ notrce sllppol'ted r'easarrable evidence of suclr event to tine ~et~ef iciar*~r v~lt}~lt~ thta~y dais o~ lts occ~tt•t't~ce at~d the trarrsferee~s~ assttme~s} the Tt'ttstor's obltatron utrder t}~e Agreet~~ent, by execution of an assit~n~ent and ass~rrnptior~ at`eement fa be provided by t}ie Berreficiat`y, at" sale ar transfer which ltnder" federal la~v ~rould trot, by itself, pet"mit the Beneficiary to exercise a due on sate ar due otr enc~rn~brance clause; fib} t}~e Triustar t`efinar~ces any pur'clrase tnotxey lien or eticutrtbratrce to which t}le Aet~cy Deed of Tt'ust is s~€bor`ditlate ~eacl~ suc}~ lien, a "First Lieu"} fat" a loan atnaulrt itr excess aft}~e them cut`r`elrt loan balance secut`ed by srtc}~ lien ar errcumbt`at~ce and loan clositrg costs; alydlot` ~c} t}~e Trttstat' ~alyd ai ca~ignors and co-rnot~tgaars, tf any} fatly to o~~rn and occupy the Property as tl~eir" principal residence pltrsrtatrt to ectiar~ ? of the Agreement ar is its ~~vrxer'si~ip T~efault as defilred its ectiotr I~ oftlre Agr`eet~retrt. At the request of tl~e Tr'utar, and for' a specific occasion, the »etreficiary may, in its sa}e and absolute discretion, in writing waive t}~e req~titer~retrts of these subparagraplrs, Al~y waiver or defermetrt slrall be on a case by case basis, and no future t`ig}its for waiver` or defertrretrt shall anise or' be implied, Nat~vttlrstal~dtn the faregoilrg, tine Trrrstor gray, upon pr`ior' ~vr"itten approval by the Bel~eficiar"y, refitlarrce alry ~it'st Lieu far a lawn atnoatnt egltal to ar less than tie their c~rrt'et~t }oan balance secured by such First Lien, otr#ia~e~~t Eq~ii~ Par#icipatlorr Atrrotz~l~, ~n the event the Note Atrtount becomes drte and payable p~tr`srtant to ectiot~ i, Tr'utar shall pay to tl~e Beneficiary t}le ~vllole of B~HIBiT T~ ATTAH.Nt~NT~~. l l To Deed of Tr"ust with Assignrrrent ofRents Rldet" to Deed Of Tl'~tst ~~trs~~~~ ~~~~~~L'1~~~~~~~~-~~~ ~ fire Home~u~er Assistance Loan Atnaut~t and tl~e "ontinet~t ~quit~ Participation Amount," as het'eaf het' def fined ~a~ ~lcu~a~inn of ontl~rgenf ~qui#~ ~ar~~cipa~iorr Amou~rt~ The "ar~tinerrt equity Partfcfpatfo~r Arrrourrt" ~rreans an atrro~~nt equal to a pe~~centae sl~a~ie of tl~e apps+ecia~tion of tl~e Pr~aper~y deterrrrfned by rrrultfplyrn a varial~Ie percentage factof~ ~;`variable Applicable ~"actaf'"} the differefrce bet~~eetr tyre ales P~iic and tl~e Purchase Price has thaw te~4rns a~{e her~eilrafter de#ined~, ~'ur~iablc App~icab~e ~`e~o~• a~cu~a~iar~~ Tl~e variable Applicable Factor sl~all be calculated by df~rdf~rg the ~etre~efary' total iflitial ecluit~~ cont~iibutio~~ ~~hiei~ is deemed #o have beer p~•o~rided to Tf"ustor based alr sale of the Property at arr Affordable ~~ausifrg host {"Agency ontf~ibutiotr"} b~F tl~e s~~x~ of tl~e Aenc~~ Contf'ibutian plus the Tr'ustar's ca~~tf'ibutiarr {"Hon~ebuyer ofrtr'fbrrtlorr"~. Ifr other' ~at~ds, the Agency otrtri~~tio~~ slaaii be tl~e nr~~n~•ata~~, at~d the stun of the Aenc~l arltl'ih~~#ion plus the Homebuyer ontr~ib~~tiorr slrall be tlrc denofnfrrator of a ff'actiotr tl~at e~uais a pe~~centae that i tl~c variable Applicable Factor ~s~rbject to ectlorr ~~~~f~}~ ~~~~~i~bt~ Applic~bte F~to~~ ~ ~~enc~ oizf~~ibutiv~i Ag~ircy ~o~~t~{ib~~tio~~ Holrr~b~~ye~` C~~~tr~b~~t~~l~ Fo~• example, if the Agef~cy Cantributia~r eq~rals ~O,aaa acrd the Horneb~~yer ~o~rtrib~rtion eq~~ais ~SD,~~~, tl~e variable Applicable Factor' ~~ould equal ~ a~7°Io ~a,~D~ dl~rded ley the sufn Q~ ~,~a~ plus $250,~Q0~ IO,~°I~ ~Va~;isle Apt~l~c~ble ~~~to~•~ ~ 34,~~0 fA~ency ~ont~~ii~~itia~~~ ~~gellcy ~Ull~l`ll')~~tl~il~ ~Homeblt~el' ~411t17~1i1tID1l~ = ~~~~,0~~~ ~i~ The "Aefrcy ontf"ibutiorr" is the ~~~n of the ~allaing a~~~ox~nts co~tribr~ted by ~e~~eficiar'y fo the p~~rehase price of the Property; ~i} the pritrcipal amount of tf~c ~orneb~~yer Assistarrce Loa~~ Arnout~t; i ~e~, tl~e Affo~•dable Housir~g host subsidy; and ~ii~ the prrrrcfpal arno~~nt~s~ of airy otlref• loaz~~s~ or subsid~~ies~ laro~~ded b~ ~eneficia~'y. iii} Tlje "Horrrebrryer ontr{ibutiorr" is the sufn of the follo~vitrg airrounts cantr4ib~~ted b~ T~'r~tor to tl~e purchase price of tl~e Property: ~i~ the principal amou~rt of the F1I'st Lfe~r laatl; ~ii~ the Tr~stor''s cash do~~~tr paytrretrt plug Tf'Utor's po~~tion of closing casts; and ~iii~ the ariif~al principal amount of Ioafrs~s~ or atlrer' subsidy~ies~ secured by Trk~~stoz4, ~e~cludlfrg and other tlran ioar~~s~ oa4 subsid~r~ie} pra~ided by Aget~cy ar ~encficiary has set far'th in #lre definition of Age~rc~r atrtrlblltlorr}} a~~d applied by T~"~~sta~• ta~~rd tl~e purchase of the Propa-ty. EHIB~T -3 T~ ATTAHN~T N0, I ~ To Deed. of Trust ~vfth Assrnmerrt of dents hider to Deed of Trust ~ ~~SO !1 ~ D~673v ~ ~12~~2~2~~~Q ~ viii} The "Purclase Price" is the orii~~al purchase price paid by the Tr~rstor far the Tr~rsfar as the q~~ali~ed successor a~~r~er of the Proper-ty~ to the seller of the Property the "Seller"~ the Seller's interest in the P~iopet~ty ~etlerally ~~hich i equal to the fair market value of the Pr`apel•ty at date of ariinal p~~r•chase~, eclusi~e of escra~~ Fees, title lnul'ance costs, bt•ol~er's Cotl'~rY~issiar~s, loan fees or any otller clasirl ar tratisactton casts. Slrb~ect to the provrsrons set fo~~th hereinbela~~r, the value of Q~zli~ed capital I~npra~e~rrent shall be added to the Purchase Price ~rl~en calc~tlatin the at~tit~ent equity Pat•ticipat~o~l Amaur~t, {i~} The "Sales Pricy" is the price to be paid by the prospective buyer ~~l~a is clot a gt~altf~cd Moderate Incan~e I-Iousehold) ofth Propert~~ ~tlie "Btlyer~'} to tl~e Trustot~ for tl~e Trustor as the q~talif~ed successor{ owner of the Praper•t~} for• tl~e Tt~ustor' i~~terest irl the P~•opcrty, ecl~rsive of reasonable escr•o~~~ Fees, title insut•ance casts, broker's cot~~xnissla~ls, loatt fees or• at~y other clasittg ar transaction costs Tlae Sales Price sllall be established its corlfoa•~nit~ itlt ~ectian ~~1~}~i}hereof, ~n the evet~t ofTrustar•'s refir~aticltl~, fai~ut•e to occupy, oi' other type of ~~~nership Default, tl~e "Sales Pt~lce'~ sllall be established ire corlfo~~~l~it~ ~~~ith Sectiatl 2~h~~ii} hereof, ~v~ The "Affordable ~ousi~l host Subsid~~" is tl~e amount deer~led to be a subsidy the I~eneficiat•y leas p~~ovided to the Trustor b~ rnakirt~ the Property available far purchase at a price hick or~stit~~ts A.ffat;dable Ha~rsir~g host. Tl~e Affordable Ho~rsi~l fast tzbsidy equals the differetlee betu~eet~ tl~e appraised fair market value of the Property ~v~hlcll appraisal shall be at ~eneficiar+y's cost} as of tl~e date of the Hatnebuyer Laar~ Agrcernei~t at~d the Affordable Hausirl ost~ ~i} ~xceplio~t alcu~atia~r, ot4~~rtl~star~drt~g tl~e above, the variable Applicable ~'acto~• sllall equal the r~ eater. of pe~~ce~lt ~Sa°~o} or tl~e ~ariahle Applicable ~'actoz• calc~~lated p~uisuattt to Section ~b~; provided l~o~~e~e~i, in the evet~t Trustor reccl~e a ~rrst Lien loat~ from the California ~ausiug F~~latlce Agency ar• a p'irst Lien loo:a the solu~ce ofptaceeds of which are from tai exempt bons, then the variable Applicable liactor• sl~a~~ equal the variable Applicable `actor percentage cale~rlated pt~rsuatlt to ectiorr ~~b} l~ereaf, ~c~ Usiatg tote ~ar~able Appl~cab~c ~ac~o~1 to ~ete~}Itii~~e the olitii~get~~ ~gtll' P~~'f~Clp~f IO~~ AI~]ULCII~, The ~otlt~ngent ~qurty Par•trclpatlot~ Atr~o~~tlt calculated ~llultiplyirt the ~ar•iable Applicable factor by the difference bet~~eer~ tl~e Sales Price a~ld the P~tr•chase Price, ~'oz~ eat~lple, if the ~ar•iablc Applicable factor equals I ~,~°Io, the Cor7tingcr~t equity Par~icipatiorl Atno~~~lt would then equal X0.7°~0 ~~at4iable Applicable Pactar~ ~ Sales Price ~llitl~ts the Purchase Price}, Irr the above exan.~ple, if the Sales I'~~ice equals ~80,~DD and the Purchase P~;ice egttals ~8a,00a, the arrti~lget~t Equity Par•trctpattoxl Amol~rtt ~vauld egttal ~ a,7aa ~14~7°Io ~ ~$SO,ooo minus ~Sa,aaa}}, EXHIBIT -4 T~ ATTAH~~T N~.11 To Deed of Trust ~~ith Assigrltnetlt of Re~lts hider to Deed of Trust DDCSaGII ~0~673v131200~7~-~0~1 1U.7~1o ~4~~~~iable Ap~tlicu~le ~~c~ar} ~ ~o~,~UO ~~les Pricy - Purci~~se Pt•ice) _ $~D,7~U ~Coitti~tenf ~q~ity ~at•fici~~tiort Amouttt~, ~d~ Calcu~a~lo~~ of Corrfiligc~~~ ~qui#y Pa~•~ici~aa~ion ~~nour~t for ~rbsegr~e~r~ ~o~nebuyers, If pur~sua~~t to Section 4 of tie ~reernerit, buyer` leas fully assumed the Trustor's obligations ~rnder the Agr~eernerit, tl~e dote, tl~is Agency Deed of~`rust, the ~atice of ~ffordal~ility Retr~ictiot~s, a~~d the ~.ffordable Mousing Resale Restt4ictiox~, a~~d tl~erea~fter tl~e ne~v buyer, as the successor` I~orneb~xye~•, is its ~~vr~ership Def.ult tl~at ca~~ses are event of acceleration to oCC~tr, the Cot~ti~~ent equity Par•trcrpatlor~ Amo~ln~t to be paid h~ such rryer s11all he ca~culatec by rn~zltiplying the ~arlable Applicable Factor, stabl isl~ed iii Section 2~1~} above by the difference bet~~veen tl~e Sales P~~ice, establ~slled rn confor`rnity ~rtli Sectlan ller'eof, axed tl~e Pr~rcl~ase Price, ~e~ Na Appr~eci~fioi~ o~' Depreciafion i~~ '~alrzc of P~•apez~ty, If ate event of accele~`at~otl ocel~r,s at a tune ~vheri the Property leas ~~ot app~•ecrated or the val~~e tl~ Prope~•ty leas dep~`eciated ~i~e., tl~e Sales Price is less tl~arr tl~e P~~rchae Price, tlrer~ no Coritir~get~t ~q~rit~r Partrcrpatron Atno~~r~t is d~~e by tl~e Trustor to the Berrefrcrary, ~ Q~ra~ifict~ Capital ~mp~~ovements, ~'he value of at~y Qr~alified Capital l~~~pr+ovet~~et~ts completed ley the Tr`ustor` d«rit~g tl~e `l~a`utor•'s oti~rnership of the Proper`t~~ shall be added to the I'r~~`chase Price lrerr calculating the Coz~tingent Equity Partrcrpatron Amount only if, rrat later tlrat~ tl~ir•ty days pr'ror• to tl~e Evert ofAcceleratiorl ca«s~ng the Contingent Equity Partrcrpatron Arnour~t to become imn~ed~atly due and payable p~~r`s~~at~t to Section Trustor s~rb~nits tl~e follo~vin to the ~eneficrary: ~i~ an itemized lisp of the Qualified Capital ln~p~`oven~ents, iii} reliable proof of cornpletior~ o~ the ratified capital Itnpro~etnet~ts has evidenced e~g~, by final b~lildit~g permits, a certificate of completion o~• original paid invoices or canstructior~ contracts}, ar~d iii i~ an appraisal fron.~ a certif ied appraiser, its fo~`m and substance ~`easonably acceptable to tl~e Exec~~tive Dir`ecto~•, the conclusion of ~~hich is that the Q~~alified Capital l~~proveiner~ts have added the stated atno~z~~t to the fair marl~et value of the Proper`#y, If, itl~in ~~a} days of re~e~l~t of the rr~forrnation cor~cerr~ing the Qualified Capital Irnproven~ents, the >~er~eficiary gr~estions tl~ claimed ir~crease its tl~e val~~e of tl~e Property by r`easor~ of said Qualified Capital Improvements, the Beneficiary and the ~r~rstor may, by rnut~~al areetne~~t, establish tl~e value of the Qualified Capital I~npa•ove~ner~ts or the Beneficiary may require are appraisal of tl~e Propert~t, at tl~e ~'rustor's expense, by a seco~~d ir~depet~de~~t cer•tifiecl appraiser appointed by the Ber~eficiaz~y to determine the fair' rnar`ket val~ze of the Qualified Capita 1 Improvements, fig} Crc~if ~o ~`rus~ni#~ ~ot~vrthstarrdir~g tl~e foregoing pz'ovisions of this Section 2, calculation of tl7e Contir~gex~t Equity Participation Arno~~rrt is subject to a superior right of tl~e Tx4ustor, to receive credit in calculatior~ of the P~~rchase P~•ice fart ~norey paid by the Tr~~stor post acq~zisition and during the term of the ~'rutor`'s o~vnex•sl~ip of tl~e Praperty for installmer~t payments of mortgage principal, p~~rsuant to the First Lien actually made by tl~e E~~IIBI'p C- A'~'7`ACI~B~T N~. ~ 1 `I'o Deed of`'I'rust ~~rrtl~ Asslgn~ner~t of Dents I~~der' to Deed ~'1'ust DQCOQI1 ~0~~73~R13~2~~272-~~~ 1 Tr~xs#ol•, 111 addltlol~ tl~e fa~t• market val~re of ~ualrfied apltal Improvelner~ts consistel~t Zvi#h the 1'egUll'ell~ents Df ectlol~ hel'eof~ {l~} I]efet~l~~ina#io~l of les Price; App~~a~sa~~ ~i~ Upoll of #~le Proper`#y, In the ~ver~t of a ~ro~osed sale of tl~e Pr;oper•ty T~•~~toz4 that does trot car~~'al~~r~ fa e~fian herein, ~~id not lei than t111t~~ ~~0~ d~~r~ after ~e1~ef~C~a1'~ 1'eCelveS act~~al notrce ~f the ~pex~ing of escrow its connection the~'e~vitl~, tl~e Bet~eficiaa~~ tna~ elect to appoint a cel'tified, tncleperrdent appraiser to cox~d~~ct a~a appraisal of tl~e Pl'opert~, at Tr~~stol•'s expense, to assist Bene~ciatt~ in determining if the Sales Pr~ee is at ar gear' the fail lnarket value of the Proper't~ at such tirrre~ If the Sales Price i deterlrlined b~ the appraisal to be t~~ree percent ~3°Io~ ar lI]Dl'e hela~v tl~e fail• r~larkef value of tl~e Propelt~r as estimated il~ paid appraisal, then tl~e "Sales Price" for' purposes of deterr~~lrring tl7e antinger~t ~grrity Participation Alna~rl~t shall be tl~e fair lnarket vai~~e of the Prope~'ty established in said ~~~'aisal, ~rr~ Upox~ Ref~r~az~ci~~gl~i~rire fo ~ccripy~Defaul#. Ili the ever7t of r'e~nallcing, failure to accup~ tine P1'opex+ty i~~ acco~•dat~ce ~vitl~ Section '1 of the Agreement, or an ~vr~e~'sl~~p Default Mich causes the dote Ar7~ol~l~t 111Cluding tl~e ~Qlltll~.ge~]t 1~c~~~~t~ Pa~•ticipation An~our~t to become ilrll~ediate~y due and payable, the "Sales Price" for pul'poses of det~'~r~ining the ontinger~t ~q~~lty Par•tlc~pat~on A~nor~nt shall be deter}mined b~ an appraisal of the Pl'aper•t~. The Berleflclary Shall appo111t ~ ce~'t~fied ~rldependet~t ap~'alsel• to col~duct an appralsal of the P1•operty, at tl~e Tl'uStal''S expense, The Trustor agrees that 11~ s~~cia eve~~t the ~o~~tllier~t ~~r~~t~ Participation ~mor~nt shall be the ~arlable Applicable Pactor• rnr~ltiplied b~ the diffl'er~ce between tl~e Purchase Priice and "Sales Price" as established b~ the appl'aised value of tl~e Proper~~~ at tl~e tune of s~~cl~ re~ix~anci~~g~ failure to occupy, or other Ownership Default of the Areerr~ent. ~i~ Tt~uSf~x~' Ae~~t~a~~~edgrYtent of ion#~nerl# I~q~li#y Par~f~cl~atlo~r Amou~rt~ TRL~ST~R A1I~''IJI;I~GI~ ANA ARIt~I~~S `TEAT UPON SA~I+~, TRAN~R, OR RIt~PI~ANIN T~IIt~ PR~P~RT~' TEAT ~~E NAT ~~NII'I~Y IT~I SI~1TI~N HERI~IN, AN~]1I~R UPON AN'Y ~TI3~R DE~`AUUT THAT CATIS~ AN 11~I+~NT 0~` A~~~I~RATY~N A SST I'~RTH YN "TIN PR~~R TO T~II~~ F~RT~~~`II`TH ANN~~~RSAR~ ~r T~~ R~~RDATII~N ~AT~ a~ TINS A~N~ r TRUST, TItUSTR T~ I~I~~N~PIIAR~ I~ ADDITION T~ T~II~ A~I~~C'~ ~I~AN ANI~IJNT, A ~NTINI;NT I~~UITY PARTIIPATI~N ANI~UNT I1~UA T A PER~NTA~ S~AR~ THI~1 APPRI+~IATI~N TI~~ PRI~P~RT~ A AI~~I]~AT~D PURSUANT T THIS SI~~TI~N , T~~us#or~s I~ritials; ~~IIBIT T~ ATTAI~NT N~. ~ ~ To Deed of Trust ~vitll Asil~lnent of Dents Rider to Deed ofTrust DOCOC~I ~~0G73v 131202?~-Q~~ 1 f Safe fo N~ntier~a#e Ii~calne ~at~sehald. D~zring Affordability Period, the Note Al~ra~tti# ~~ill 11Q# becatne due and payable, and na ontllig~lit Bqul#~ pat•trclpa#ton ~An~ort~~t shall lie r+e~~~i~•ed I~et4eut~d~ri In cantlea~lon ~~~1#h t#eI1 gale, if T~~u~to~• yells ar otl~al~~isa can~e~s the Frapel•t~ to a ade~'ate Income Hausel~ald at an Affordable dousing host ~"Bliible Pe~~sol~ and Families"~, and the pul'cliaser• assut~.es file Note and the Agt'eet~el~t by an assigrirnent and ass~~trip#ton agren~e~~t ~~I~icl~ is reasariably accep#able #o the Bexie~cia~~y~ F~1' the purposes of tills Aeticy Deed of Tl•ust, tl~e Note, and the Ar•eelnent, "adera#e ~licalnc" acrd "aderate InC~i~le I~auselialds" rneatis riladcrate itica~ne l~ausel~olds as defit~~d iii I~ealtli Safety bode Sec#ion 5~~93 ~,1 Affoi*t~ab~e ~oltsixig host - oderafc Ylrcalne ~oXre~raZt~~ "Affoldable ~o~~sing fast" shall be as defined in ~-Iealtli Safe#y bode Section ~a~5.5 ~oi• its successor stat~t#e~ and #lie itnpleli~ex~#i~~g ~~egrtla#ions thereto pralilulgated Icy #lie I~a«iti at~d ~atr~rnitt~ity De~elopmelit Depat•tlnent a~'the State of alifortiia. Na#~~i#lista~idit~ tine p~'o~~slol~s tills Sectloli if the Pl'apel•t~ is said durix~ #l~e Affaridahlli#~ 1'el'iod by tl~e T~•us#or to a Moderate Iliconie I-Ia~tsel~aid atl~l #I~e Sales Px•icc does trot exceed ate "Affal•dable ~Iausilig Q~t" #a such Br~ye~`, tl~et~ so Iotig as the Trustor is not lti defa~zlt lei#her O~vnersliip Default or aititetiatice Dcfa~~I#} of the At~ectrrent, this Nate lilay be assutiled b~ file eligible B~tyr by ate ass~gnmelit acid ass~~tiiptlon agt•eetrtex~t ~vi~icia is aeasanably acceptable to #lie Be~aeficiar~~ upon tl~e e#'fectt~e date of s~~ch asslgtimelit and ass~~z~tptian, the assignitig Tl'ustar shall na longer be liable far atiy frtrither obliatiatis rttldet• the Agreerneli#, the Na#e or #l~e Agency Deed of Tr•~~st #Ilat accr~~e aftx• the date of such asstgnmerit and assumption, ordeti to ~erif~~ the Bu~~er's status as a Moderate lnca~ne Hortsel~old, the Tr'ustar shall sublilit to the Belreficiat•~r tine idet~#i#y of tl~te proposed B~lyer acid adequa#e ilifal•rnatio~~ evidencing tl~e 11100117 atld lia~~seliold s~~o a~ the pl'oposed Buyer. Bald lncalne lnformatiali shall be s~~b~.itted together ~vith tl~e notice of propased sale put•suant t~xe Agreeme~~t not Tess tliali thirty days prior' to apeni~~g of escro~~ far the pr}oposed sale acid sliall iticl~~de ar•iinal ar t~itte copies of pay stubs, iticanle tai ~•ecards or a#I~er financial dact~rnents in ar•der• that file Haller nay de#ern~ine and verify the liauseliold ilicalne of the p~'apased Buyer to detel•rnllie ~~~lietlier• the B~ryel• is a Moderate Incanre I~a~tseliol~l, acid v~hetliel' tl~e I'~•opert~ is being trat~sferl•ed ~o such Buyel' at all Affordable Ho~tsir~ host. If tl~e Molder is i~nable to ~el•ify file Buye~~' income as prio~Tided lier•eiti prior to file p~~o,posed sale, then file Buyel''s income shall be dee~~ed to exceed tl~e nia~imtttii alla~ahle ilica117e limit for Bltglble Pet•sotis and Fatililies. ,U~}Ot'[~1ti~~lOtl, BKCept as pra~vlded a#liet'~~~se I~et•e~rt, the pr'ovlslans of the Agl'eemer~t, tl~e Notice of Affordabtllty Ides#t•lctlans, #lil~ Rldel' atld Agency Deed of Tt'ust, at~d file Affardable I~o~~srtig Resale Res#1'ic#iat~, and the obligatioris tl~er'eili, sliall be subardiliate aril to the First Lien oli the Property Held by the Lender at~d, if applicable, ather• laan~s~ as appra~ed by #lie B~ec~~tive Di~•ectar, it~clrtding Iiet~ instl'umelits that secure a#lier liomeb~~yer p~trchase money andlar daripa~rr~etit assts#ance, tncludit~g ~~lthaitt Illnltatlon lty, State of alifarnia, ot• fedez~al affatida~ble housing praglarrts, ~~liich lielrs shall t~a# irnpaia• #17e rights of Lender, or Letidel•'s assignee or successor4 its interest or file Agericy, if applicable, to exercise their remedies under the First Lleli tti the event of defa~tlt under the First Lien by Elie I~ornebuyer, Such l~~H.IBIT -7 T~ A.TTAHI~IBNT ND. ~ ~ To Deed of Tl•~~st Zvi#h Assin~nent of Rents Rider to Decd afTl•~zst ~~CS~C1~~~QG73~~131~~~~7~-001 r•ernedies under the Fit•st Lien include the r'ilrt of foreclosure otk aceeptar~ce ~f ~ deed ar Assgnment rn lre~~ of fot•eclosu~•e~ If title to the Property is trar~sfez•t•ed by foreclasur~e or acceptance of deed irl lieu of foreclosure, or• assln~ent of tl~e First Lier~ to the ~ecretar•y of the Departrnerrt of ~ottsing and Ut{ba~~ Developrrrent, this Agr•eetnent and tl~e A.ger~cy Deed of Trust shall be a~~to~natically ter'mina.ted and slrall lave na firr~tl~er effect as to the Property er• airy tr'ansfer'ee tllerea~ea}. Ho~vever~, in na event shall this Agreen~et~t, the Aget~c~ Deed of Trust, and the Affordable Housing resale Restriction, be subat'clir~ate to any First Lrer~ on the Property securing a laat~ ~vitl~ provisions ~vhicl~ allow r~egative an~ot~tizatiot~, or' to r'e~rlaricrr~g of the lien of the First Lien for a loan a~r~o~zt~t its excess of the surn of the there c~zr•r•ent loan balance seclxred b~ the First Lien and loan closing costs Trustor agz~ees it shall irYStr•uct the >1scro~v Agent for tl~e acquisition of the Property by Trustor that tl~e order of recot•din ire the escr•av~ for the p~zrcl~ase of tl~e Pt•opet'ty by Trustor~ shall occ~u• as folla~~rs; the grant Deed, the First ~,ier~; otl~et• affot•da~ble housir~g loat~~s~, if applicable; ~4} the Affordable Housing Resale Restriction; 5) the Notice of Affordability Rest~iictiens a~~d the Agency Deed of Tr•€~st, Aget~c~ shall cause a Req~rest for N~t1C~ Default t~ r•ecor•ded o~~ tl~e J. 1,V~1'~ 1 ~~~~~~414~~~~ t~ t~~ ~'~~al•~~t~Vl~ a1 tl~~ ~~~•U~ 1.,/~~+~~ deed of trust or mortgage req~test~ng a statr~tory notice of ~efa~rlt as set far•tl~ ~t~ tl~e altfot{n~a Civil Code ectiot~ ~~4b, and shall cause a request for Notice of Delit~quet~cy to be recorded on the Property st~bsegr~et~t to tl~e recordatrorr of the Fast Lier~ deed oftrr~st or t~artage. ~N ITS ~~~F, Trr~stor has executed tl~rs Rrder• to Deed of Tr~~st as of the date set forth belo~v, TR~T~~I~~E~3~J~~R~ Printed Name, ~'ri~~ted Name: H~B~T TD ATTACHN~ENT ~ ~ To Deed of Trust ~vith Assignment ofRents Rlder• t0 Deed Of Ttiust DOC0~1~ ~~~G?~4r~ ~1~~027~-~~~ I I+1I~Y~IT A~'I'~~iIIABLL ~I~~I RLALE I~~TItICTI REUT~D ~ AND BEN R~~RD~I~ MAIL T ~ otr~n~unity Redevelopment Agency ~ of tine pity of Santa At~a } a r~'1C et1t~1' ~'taza at~ta Ana, alifar;t~i~ 9~70~ } Attt~~ ~xecuti~e Director ~ Ti~is docurr~er7t rs exempt frarrr payrr~ent of ~ recoz~d~n fee p«rs~tat~t ~o Ca~ernrnet~t bode ectior~s 27~$~ at~d Ala, A~~~~DA~LL ~~UI~~ RE~.LL RI~JST~I'~I~N {ondittion, o~~e~~arr#, attd Ile~t~'lc#iox~ A~fec#ill del I'~~oper~y lrt~ #~re Re~a~e} ~~~vt~~~~~~~i~~, ~ccu~~~ncyy ait~#et~aticc, ~tt~ ~t~ier #~e~~s ~.ela#ec~ ~o Read I~raper~y} Ti~~s AI~~'~R~]ABLIt~ H~I~I MALI+1 I~'~I~.ITI~N ~"R~stt~i~tian"~ is tna~~ ~"Hotneblryer"~ ire fa~rot4 of the ~LtNIT~ DEL~~~I~NT A~E~'~ ~F T~I~~ ~YT~' SANTA AAA, a p~rblie body, torpor;ate acid potitic ~"Agency"}, R~ITAL A, Hot~~eb~ryer has pttr~chaed a single family house located at , Santa At~a, aliforr~ia, as suer real ~t`oper'ty is t~rore pat~t~cutarl~~ described in "Attchn~e~lt No. i"attached i~ereto ar~d incorpot~ated heroin ~"Pt~operty"~~ B, I~a~rreb~tyer and Agency lave entered it~ta that certain Homebuyer Loan Arcernerit ~"Loan Ar~eerr~ent") dated of e~er~ date t~e~~e~vitlr, ~~i~ic~~ is it~carporated hercttl by refc~~ence atad a copy of ~~hlcll rs ot~ file mirth Agency at its offices and rs a p~tl~c t~ecord, purs~lat~t to ~~hich Agency Baas agreed to ca~rse the ~roper~ty to he sold. to Hon~ebtryer at a Moderate It~cotr~e Affordable ~Iousir~g host b~ pra~idit~g certain fir~at~cial assistance to ~o~~~ebuyer ~"~orne~uyer Assistance Loan"~ ar~d Hot~ebu~Tcr has agreed to suheet the ~'t~~pet~ty to ce~~tait~ canclitions, covenants a.nd ~~est~~ictians, capitalized terrrrs used herein and not other~~ise defined shall l~a~e the same rneat~in as set for•tl~ its the Loan Agree~r~ent. ot~.ebuyer aril Agency desrre at~d intend to restrict the Property and tl~e irnpro~ret~rer~ts thercot~ ita accar~ancc ~~itl~ this Restriction to preserve its ~all~e far fhe benefit of Horrrebuyer~, its a~~cccssars acid the urroundrrig netgl~borhaod~ Hor~eblryer is a Moderate ~ncorrre Household, as that terrn is defined ~n this Restriction EXHIBIT D- T~ ATTA~M~NT N~, ~ 1 Affo~~~al~le Plo~tsin Resale Restt~iction T~~CS~C11~~~~73~~~3f~~0~7~-~~~1 f ~ome~€~yer llas represented to Agency that ~otl~ebuyer and ~amebuyer's household iriterrd to reside itl the Property as ~omebtrye~"'~ principal residence at all tir~les during Harrrebuyer4's a~~~ne~"ship of the Property. New} `TH~I'pRE, for good aril valuable consideration, the patties ag~'ee as follows; ~efirri~~ulrs "A, ,~o~~r~~r~i~i~,~~ Per~ior~" Inea~~s that period of time eo~linel~cin ~rpar~ tl1e Date of this Restr'rctrarr and ter'nli~latillg on the forty-fish ~45th~ aririr~ersary of such date. fo~~dc~bl~ I~~t~sr"~~ o~F~" means flee pur"chase pr4ice far' ader'ate ~r~carne Hat~sel~old~ pursuant to aiiforr~la Health Safety bode ec~rorr OOS2,S, the itnplernentirrg regulations of Sections ~9Z~, h9~~ and h90 of ~`itle ~5 of the aliforrlia bode of Regulations far Moderate incaxl~e Households Notwithstanding the pr'o~risions of this Restrrctl~~l, if the Property is sold dui"i~lg the Affardabrllty Period ~y Horrrebuyer to a ode~'ate Incarne ~-~ouseho~d, and the dales price does nod exceed air "Affo~'dable Housing host" to such Buyer, there so long as the faker is not err default ~eithe~' ~wrrerslrip Defat~it ar Maintenance Defat~it} of the Agr'eernerrt, this Note tllay be assumed by tl~e eligible Btryer' toy air assignment arrd assurnptiorl age+ee~ne~~t that is reasonably acceptable to Age~lcy" [upon the effectr~re date of such assrgnrnent and assr~tnptian, the asi~~ing Honlebr~yeri shall no longer be liable far' ar~y fi~r•tlrer obligations under the Loax~ A.greeme~lt or this Restt4ictiarl that accrue a~e~i t}le date of such assigr~ment a~ld assurrrptiorr. order" to verify the Buyer's status as a Moderate ~ncor~le Hausel~old, Horr7ebuyer4 shall subrllit to the Agency the identity of tl~e proposed Buyer and adequate irlfornlatian e~idelrcing the irlCOrne and hotisehoid size of the proposed ~tryer. hard rrrcorne rnfor"rnattarl shall be strbrnitted together wr~h the notice of proposed sale p~rrsuarrt to Section ~ of the Load Agreerllerlt riot less tlrarl tlirr•ty ~D~ days pr"lar to opening of escrow for' tl~e proposed sale and shall include ar4iinal ar true copies of pay stubs, income tax records or other' finrrcial documents in order' that tlro Agency nlay determrrie and ~e1"~fy the llausehoid lnca~rre of the proposed B~ryer' to deter•rnlne ~~llether the Bta~ler' rs a Moderate ~rleanre ~-Iouselro~d, and whether the Property is being transfer'r'ed to sircl~ Bayer at an Affordable Housing fast, rf the Agency is unable to ver"ify the Brryer''s incorrle as prodded herein prior+ to the pr+opased sale, then the Buyer''s lllcorne shall be deemed to exceed tixe nlaxirrrurn alla~~rable ~rrCOrlle limit far' Bligible Per'ans and Parnrlre~ means the rty of Sarlta Ana, allfarnra, allforn~a rnur]1Clpal CQI'par'atlaZl,ond the pity's sttccesso~'s arld assigns, "C'~u~~~,~" mear~s the ~arrnty of Orange, alifornia~ of ~~~is ~esf~~i~fr'o~r" rrreans the date err the first para~~aph afthis Restriction, fc~~~~~"means the failure of a party to pet~form any action or covetla~nt required b~~ this Restrrctrarl wrtllrrr the trine per"iods pt"aided herein f alla~~in notice and oppar~t~nity to care, Tlie ter;rn default also includes atr ~~~ne~+ship Default end a Iaixltenarlce Default as snore firlly defined grid descr4ibed herein, ~ot~~~ithstanding the far{egoirl far purposes ofacceleratran of the Home~brxyer"Assistance Lawn, or• initiation of far'eclosure proceedings there shall be a distirlctian E~PIIBIT` D-2 'p~ A~'TAIENT ND~ 11 Affar'dable PIousit~g Resale Restriction D~C~~~l~ ~~~73c'13~24~~7~-OUO ~ bet~~eeri tine types of default her~ur~de~", inclu~in~g an "O~~neYi~ip ~efanlt~' arl~ a "~~ix~tet~ance Defai~rt~" Tile ter~~~ "~~~Triet~silip Defairlt" niean the failure ~f Horne~~~er to per"fatrn ~n~r act~ot~ or co~enat~t req~rired b~ the ~ffardable Hot~sir~ Resale Restr4ictio~ 'elated to o~~vnersl~ip, o~~ner'- aee«pa~le~, lien pr"iari#~, and restrictiaris ail sale at~d resale of tale Pr'opert~ suh~ect to the ot~ce and opparturiity to c~~re pro~istans set fai~tl~ he~•ein, ~ defa~~lt of ar~~ ol~ligatiori secured by the ~`irst lien small be a cross~defaul~ acid also constitute ari ~~vr~ersl~ip Default. Tl~e term "~ai~lter~arice Defa~llt" r~~earis the failure of Haniebu~er to pcr'fai~ni ariy action or" ca~eria~it required by Restriction relating to a "M.ainter~at~ce ref ~eien~y," i~ci~~din tt~e ong~~ng trpk~ep, maintenarice, and arse of file Proper't~ its decent, safe, sanitary, clean, and ~~eil~bar~~ rilaririer•, subject to the notice and appart~rriit~ to cute pra~~isiaris set for~l~ her}errs ~arid e~p~'essly e~cludirrg ari O~~riersl~ip ~]efault}, else nlearl ~ ~ ~ ~ : ~ : : ~ ~ ~ ~ ~ ~ ' ~ ~ ~ ~ : ~ ~ ~ ~ ~ ~ , "~'ir'sf ~r'~~" ~neat~s file lren of file ~t~stitutrari rilakrr~ tl~e purchase rnorie~r ~nartage laari to ~~or~leb~~~er far the purchase oftl~e Property, "o~~r~~,~~~r;" mearis the persor~ or persor~s set fai"tli iri file fig"st paragraph of ti~is Restz4iction, and their s~rccessors grit. assir~s, i ;`.~~~rr~ ~esc~~i~~~~orr" ~nearis file fear descriptiari of the Property ~~h~cii is attac~ied hereto as Attaclirne~~# ~o. t and incur"pox"ated herein, "U~~1'f~f~ ~~1CO~ie" and ".D~~l'f~~ ~'i~co~t~~ .~ID~#Se~1U~~~S" rileans moderate incorne liousel~olds as defiried in Health afet~ bode ectian 503 f rc~Df~CL 0~~~~~~~t ~D ~~'l~~~S~L'1~~~ rilearis tl~e otlee ~rltent to ~'~'ansfel' attached ~~1'~to Attachz~~e~~# ~a. 2 grid iricorpo~•ated hereiri by r'efercr~c~, "~el~~fx~~~f~ ~~~r~~tsfet'" rnearis and Trarisfer ~~li~cl~ is perinitte~i p~u~s~rant to ectiori ~ hereof. "~'~to~ri~ii~ec~ ~"~'crrrsf~~~" means ariy Traris~`er ~~hicri is riot per~~r~itted purs~rarit to section ~ het"eaf, ~~~1'0~~~'~~~~# nl~~t~ that Cdr"~~ln 1'~~~ pr'0~]~t'~~ 10~~~~~ ~t ~~7~ ~~r"~f a~~~'~~ ~t ~~r'th lr~ Recital ~ and leail~ descried Sri the Legal Decr"~ptian, ~`.~~~r~cl~c~se A~'~e~xre~rf" trrearis that cer'#ain ar'eernerit p~~rs~~ant to ~~l~ich Hornel~~~~rer leas agreed. to pur"chase the Pr"apert~~ frorri tl~e De~e~aper, ".~ei~~~br~~'se~~~e~~~ .~~`eer~~efx~}' ri~eans the Rerrnbursemer~t 1~~•eerrient to be executed b~ Harilebu~rer iri fa~ar' of the ~gex~c~, its the farm attached liei'eta as Attacl~trrerit ~o, ~ and incorporated herein. ~`~~c~~~e~~ ~p~~'o~c~~ off' ~~'o~ose~~ ~'~~ar~s, f~j~~e" metes the Request far" Appror~ai of Pr"aPased T~ia~~sfe~'ee attacled i~ereto as At~aciirnent ~o~ ~ and incatpar•ated k~~+ein. ~HIBI~' ~-3 T~ ~TACHME~~' ~0, l ~ Affordable Housing Resale Restr'ictian ~ DO~s0~11 ~~~~7~~] 31~~~2'~2-~~~ ~ ~`.~~~r~esf vt~ ~V'otr'c" kl~~at~s file F~egl~est for Notice of Defa~~lt attached l~er'eto as At#achn~ent ~o, a~~d irrcarporated herein, "~Re~tt~ic~ro~~~' means this Affar'dable Housing Resale Restriction. "Sa~es~~#r'c" ~eat~s the s~~rr7 to be paid by a Transferee for tl~e T~'at~sfer' aftl7e Propet~ty, "~'i~a~~s, f~~" shill rnea~~ a~~~ gale, a~sit~r~~rrt~ ~onve~i~ce, lease or' tra~s~ez~, ~alur~#ar~ ar~ involuntary, of any interest in tine Pr'oper~ty. ~tl~aut lrrnrtl~i tl~e ge~~exali#~ of the for'egoi~rg, Transfer shall irlcl~~de ~i~ a ~rat~sfer ~y devise, inheritat~ce ar' intestacy to a party ~vho daes not ~~eet the ~e~~~lt~on of a 11~aderate 7rlcon~o Househald; ~ii~ a life estate; (iii} creatiot~ of a joit~t tei~ar~cy interests Div} ~ gib of all ar' any portion of the Pr'aper~ty; a~' at~y ~alur~taty eorrveya~xce of tl~e Prope~'ty. Transfer shall ~~ot include tratrsfer' to ~ spouse In ~ dissol~~tlor~ proceeding. "7"r,u~~s, fet~ee" shill rn~at~ ~n~ ~~~tur~al pecan or ~l~tlty ~~l~a ahtairrs a~vne~'sl~ii~ ar' possessory r'rlrt ~~1 P~'opet"#~ purs~~arrt to a T~•~~sfer. Rest~•ic#iorls o~z aie of Pl•opet~~r, Hotnehuyer cove~rants az~d agrees that dur'it~g the Affo~'dabili#~ Per'iad, eaci~ s~~bsequer~t resale of tl~ Proper#~ by the then-o~~ner thereof shall be to a Nloder'at ~t~cot~e Household at an Affordable I~o~~sing host; provided, lro~~eve~~, that ~on~ehuyer~ i~~ Ilot~leb~ryer's sole discretion, tray elect #a tra~rsfer the Property at a price in excess of ate Affordable dousing ash d~~ritrg the Affordability Period thereby causing ate acceleration ~zndr ~ctia~l i ~f, of the A~~een~ent, i~r cot~slderation for' Ha~neo~vnet•'s payment to Agency of tixe ontit~ent ~quif~ Pa~~ticipatiarr amount a~ yet fat•#ll irr ectiatr o~ the Agk'~~1~1~I1t. i ~ome~uyc~~'s Repi~e~ez~tafioris alid 'aiir•alities as to fhe dale of size ~~#o~~erty to ~o~nbliyer, ~Ior~reb~~ye~~ ~'epreselrts and ~arr'ax~ts to Agency that tl~e ~nat~cial acid other ir~foi'n~atio~t ~~vhich Hoi~lebuyer has provided to Agency ~~rith respect to Plonrebuyer's incoxrke ar~d the purchase p~'ice of the Property eras true and cai'rect at the time such i~rfor~~nation eras provided, and rernairrs t~'ue and corriect as of the Date of this Restriction, Pertiri~~e~~ dales of #l~e Pi#aperf, Agency hereby peririit sales ofthe Pi'aperty to proposed Trairsferees ~vha are Moderate incorr~e Haiisellolds, at~d are appr'aved iii acco~'dance ltl~ this ectioir p~'ovided the dales Price does loot exceed ail Affordable Housing host to such proposed Transferee ~"peri~~itted Transfers"~, in the event that Hoine~u~fer desit+es to Transfer' fire Property during the Affordability Period, pr'ior' to the T~'at~sfer~ the o~virer shall ~~otify Agency by delivering a ~o~ice of Intent to Transfer to Agency, ~vlrich slrail indicate fhe ideirtity of #l~e proposed Tr'ansfer'ee v~l~o desires to p~irchase tl~e Proper*#y~ ~hetlier file pur'chaser' is a Moderate Income Ho~~sel~old, and ~vhetlier the sales price is at aid Affordable Housing ost~ lid addition to Haineb~~yer's and the pi•apased Transfer'ee's delivery of the Notice of Irlterrt to Ti'ai~sfer•, t~~e following procedure shall apply: Notice #o Agcrrcy. Harriebuyer shall send the Notice of intent to Transfer to Agency at the a~ldi'ess set forth in Section 2~, ualifica#iol~ of Proposed Trai~sfei~ee, The proposed Transferee shall provide Agency ~v~tl~ sufficient ii~fort~ation in the forin provided by Agency incl~~~liilg ~vlthotit ~~PIIBIT D-4 T ATTA.~HMENT N~. l l A~'fordable Housing Resale Restriction DDCS~C11 ~0~?3~F 1312~~~?~-ODD ~ limitation, ~ cert~ficatlon as to the ~r~con~e and fatnrly srze of the proposed Transferee, for Agerrey to determine if tl~e proposed Transferee is a Moderate Incorne Ha~~sehald, and the p~~rchase price is at an ~ffardabie Housing host, e. ~~~~ti~~cate~ f~~om Par•t~es~ Hotnebuyer and proposed Transferee each shall certrfy rn writing, ixa a form acceptable to Agency, that the Transfer shall be closed in accordance ~~rith, and only ~vitlr, the ter•~ns of tl~e sales contract acrd other dau~nents s~~b~nitted to at~d apprn~e~i by Agency at~d that all cor~sider;atiar~ delivered b~ the proposed Tra~rsferee to a~~ner llas been firll~ disclosed to Agency Tl~e ~vritterr certificate shall also i~~clude a provisia~r that in the eve~~t a Transfer rs made rn vlolatton of tl~e tetras of this Restrictiat~ or false or ~r~lslead~I~g s~aternerlts are made In any dacunlents or cet•tlf~icate srlbtnltted to Agency far` its approval oftl~e Tt+at~sfe~;, Agency shall have tl~e right to file an action at la~~ ar ire equity to tnal~e the parties ter~r~ii~ate andlor rescltrd the sales cat~tract arrd~or declare the sale void l~at~~~lthstandirig the fact that tl~e Transfer may l~a~e clas~cl a~ld became firral as bet~~een Harr~eb~~yer a~~d Transfcree~ t}~ ritteti orlsetl~ of ,~~ericy ~equll`e~i Before Tr•ansfcr, During the Affardabllity Period, tine Prope~•ty, and any interest therei~~, shall ~~ot be carrveyed by any Transfer except with the expzess written canserrt afAgetrcy, ~~~~ii~ cot~set~t shall be given only if the Tra~~sfer is 1Il accordance ~vitl~ the provisiat~s of this Restriction, This p~'ovisiot~ shall ~~ot pralribrt the encr~mbel'in of title for` the sale pr~rpose of securing ~rra~rcing of the purchase price ofthe Property e, I~ot~ce of Prahil~ite~} Transfer, itlrir~ twenty ~~a~ days after receiving rratifieatia~~ of a proposed Transfer in accordance with ectian 4,, Aelrcy shall determine and give trotice to Hotnebuyer as to v~lretl~er tl~e proposed Transfer` rs a >~errnitted Trat~sfe~i ar Prohibited Tra~rsfei•, or ~vhetl~er the Transfer ~~a~zld ca~~se ate acceleration of the dote utrder section I,f, of the Agreex~xe~~t at~d, in ~~l~iclr case, E~pon Ho~neb~~ye~~'s payn.~ent of the antingerrt 1~~uity Pa~~ticipation Arnourrt as set fa~•tli in ectia~l ~ of the Areernetrt ~~cl~ T~•ansfet• ~valrld be deemed a I'ermttted Transfer hereunder }~a the event that the proposed Transfer is a Prohibited Transfer, such tratice to Hon~ebuyer shall specify tl~e ~~atu~+e of tie Prohibited Transfer, If tl~e violation is riot corrected to the satisfaction of Agency ~~iti~i~a tet~ ~ 1 a} days after the date of the r~atice, o~• ~vitl~in such further tit~~e as ~ge~lcy determines is necessary to correct file violation, Agetrcy tnay declare a Default under this Restriction. Upon the declaratiotr of a Defa~~lt,l~ency inay apply to a ca~zrt of competent ~r~rrsdretrorr for specific peaifot•~r~ance of this Restrrctrorr, for air inrrnction prohibiting a pr+opased sale or' Transfer its vialatior~ of this Restrictiarr, far• a decla~•atio~~ that tl~e Prohibited Transfe~• i void, ar far a~~y such atlrer relief as may be appropriate, f, De}i~Te~~ of Dnculrlerr~~ upon the close of the proposed Transfer, Hornebuye~~ a~~d Transferee, as applicable, shall provide the Agency ~~ltlr a copy ofti~e final sales contract, settlement statement, escrow ltrstr~~etions, all certificates required by this ectiox~ 4 at~d any other dacumer~ts Agency ~r~ay request. HIBIT D-5 TD ATTAHM~NT 11 Affordable Housing Resale Restrictiar~ ~O~s~11 ~~~673~T~ 31~~~~~2-~~~1 ~rrcirn~bra~rces, irbori~lllr~~IOII, P~xcept as provided otherwise herein, the pro~isians of the Loan Agreerrrent, this ~estrictian, fire Notice of Affardabi~ity I~estrictiarrs and tl~e Agency deed afTr~~st and ~.ider, the obligations herein and therein, shall be subordltrate only to the P~rst Lien on the Praper•t~r and, if applicable, other l~an~s~ as approved by the Plxecutive I)ir•ectar, ~~rcluding Derr ~nstrut~rents that secure others Plorneb~zyet~ purchase money at~dlor ~lo~vrrpay~nent assistance, i~rcluding ~vithaut limitation pity, Mate of ali~ort~ia, ar feder'al affordable hausi~rg pr'agratns, which liens shall ~1at impair the rights render the ~"irst Lren itl the event of default under the First Lien by I-lo~rrel~~~yex`~ such remedies t~t~der the Ii trst Liex~ include the right o~ fareclosr~re ar' accepta~rce of a deed or asslgtrnret~t in lieu of f oreclosr~re. I~ title to the Pxo~er~t~ is transferred by fo~'eclasure ar• acceptatrce of a deed in lieu of I`ar•eelosu~•e, or assignment of the first Lien to fire ecretar'y of the Departt~rerrt of Housi~~g and I~r'ba~r I~evelopx~rent, the Laa~r Agrec~~rent, this Restrictiotr, and Age~rcy Deed of Tr~~st si~all be autarnatically te~•rninated and shall Irave too further' effect as to the Property at• a~~y Trar~sferee tirer'eafter, Ha~vever, in Ala event shall the Loan Agreement, fire Ae~rcy Deed of Trust, acrd this Affot'dable Hauling resale I~estrictian, be s~zbordit~a~te to airy First Lien arr the Prape~~ty securi~r a loan ~vitl~ provrsrons which allow negative atnortizatiotr, ar to ~'efitratrcrrrg of fire lietr of the I~'rrst Lien far a laarr a~nau~rt in excess of the s~~rn of tl~e then current loan balance sec~~red b~ tl~e Flr'st Lrerr atld laatr closlrrg costs b. I~egrrest for notice of efaul~, Age~rcy trray cause a eq~~est for Notice to be recorded ail the Property subseq~re~rt to the rccordatiot~ of the First Lien deed of trr~st ar' mortgage ~'egr~estin a statrztox'y notice of defar~lt as set fartlr ilr tali-~a~~nia i~il fade ectiaxr ~~~4b. A l~o~•rn of a Request fay' Notice is attached Irereto as Attaclrtne~~t No. 3 acrd incorporated herein, c, I~'ux~~her I~~rc~€mh~~a~zccs. Ho~neb~~~~er a~'ees that it shall not a'ecord ar cause tine ~'ecordatiarr of airy deed of trust ~"Purtl~er ~~~cunrbrance"} sec~~ring a ~~ate lravitr an origi~ral pr+ir~cipal sum ~~~hich~ i~et~ added. to the s~atn of the pri~rcipal amounf~s} of a~l~ Crates secured by a~iy deeds of trust agaitrst the Ptoper'ty as of the date of recor•datiotr of tl~e Further ~t~cutnbrance, exceeds one hundred. perce~~t ~ 1 as°I~} of the fait• ~~~a~~ket val~~e of the P~•operty. eirr~b~~rserYrerrt Ag~'eer~ren~, l~a~nebr~yer• acrd Agency shall enter into a Reimbur'se~nent Agreement, s~~bstantially in the farm attached hereto as A.ttacl~trrent No, ~ arrd i~rcorporated herein, v~irich provides that Agency rrray snake payrrre~rts to rare defar~lt or delinquency on the First Lie~~, ors the condition that Hamebuyet' agrees to rei~rrb~~rse Agency for arly pay~rre~rts made to cure a default or delinquency oar tl~e First Lien, Ho~x~ebuyer's repayrne~rt obligations p~~rst~ant to the Rermb~~rsen~ent Areerrre~rt shall be secured by a s~~bozdit~ate deed of trr~st which errc~~tnbers the Pr•oper•ty, lr~ the e~e~it tllat Ha~r~ebuyer refinances floe First Lien, Hornebt~~eai and Age~rcy shall exater itrto an atrrend~~rent to the l~einrbu~'se~ncnt Agr'eemetrt or• a tre~v Reitbursement Agreement. The Tr•arrsfer'ee of tl~e Pr~o~~erty and Agency shall also enter into a ne~v Rermb~~rsernent Agreement upon tl~e Transfer of the Property. Agency shall execute such st~bordinatiarr agreements as may be reasonably requested by the laolderi of a I~ first Lien, 7, ~s~s, Hor~ebE~yer cavex~ants atld agrees to devote, use and rnainta~n tl~e Pr+aperty !n accar•da~lce ~vrtlr ~~~ls I~estr'lctlarl, rises conducted on the Property, 1~1Cluding, ~v~thout HIBIT I~-~ ATTA~H~I~NT N~, l l Affordable I-lousing Resale Restrictio~r D~CSO~Il~00C7~~F131~~~~72-00~~ E Ilt~rta#IOrr, actl~'ltres ~~ndertakerr by 1~or~ebuyer pursuant to this Restr4ictiot~, shall confoa~m to all applicable pt~o~isiarrs of the Santa Ana ut~ieipal bode, and the recorded doc~rments per•tainitrg to arrd runtring ~vitlt the pr'oper•t~, ~or~discrlnlllla~t0~~ o~erlarr~s, ~on~ebuyer ca~e~~an#s by and far i#self, its s~tccessors and assig~~s, a~~d all persons clarrnrng under ar through them that #lrere shall be na discrrr~rnatron aai~~s# ar segregatiorr af, airy person or gr'o~tp of persans orr accou~~t of any basis l~s#ed subdr~rsion ~a~ or ~d} of ectiarr 12955 of tl~e o~ern~~et~t fade, as #lxose bases are ~efine~ in ect~ans 1 l 292,1, subdi~lstoi~ gym} arrd par`agr'aph ~ of subdrvrsron ~p~ of section 12955, and ectiot~ 12955.2 of tl~e o~ernmer~t bode, in the sale, lease, sublease, tra~rsfer, lase, accupanc~, tenure, or en~oyl~ent of tl~e premises Iler•ei~~ co~~veyed, ~lo~• shall the grantee ar any person clair~i~rg l~t~der ~r tlu•o~~gl~ him ar• her, establish ar permit a~~y practice or practices of disc~~in~ination ar setiatian it~~ r•efe~`ence to the se~eetion, loeatian, r~~rn~ber', ~tse or accupancy of tenants, lessees, subte~rants, s~~b~essees, or• ~endees in the premises lier•ein conveyed, The faregoing co~Tenan#s sl~ail rrrn ~~itli the land. All deeds, leases ar cont~~acts r`elatrn to tl~e Pl'aper'ty, or any part thereof, shall contai~~ or' be subject #o substari#ially the follo~~ing clan-discaiitr~ir~ation or ton«e€'ea#ton causes: ~a} 1n deeds, "TI~e gra~r~tee ller'ein eo~er~ants by and far 1~rrYlself or herself, Iris or leer heirs, exect~#ors, administra#ors, and assig~rs, a~~d all persons clair~rin ur~de~i or tl7ro~~gh tl~eln, that tlrere shall be r~o discrirninatior~ against ar' segregatian af, arry pex~san or gro~rp of persons ors account of any basis listed in s~tbdi~ision ~a~ or ~d} of section I255 of tl~e o~ernt~erit bode, as tlrose lases are defitred in ectians 1292, I2926, 1, subdi~isian ~r~~ and paragraplr of subdi~isiotr ~p~ of sec#ion 12955, atr~ ectiot~ 12955.2 of the o~ernt~erY# bode, in tl~e sale, Tease, sirble~se, tr'at~sfer~ t~se, ace~~paney, tenure, or en joyl~ent of the pret~ises l~er'ei~~ ean~eyed, r~or• shall tl~e gra~~#ee or ar~~ pe~'san claiming under or througlr ~xin~ or her, establish or perrnit and practice or practices of discr~mtnatron or segregation ~~ritb ~`eference to tl~e selection, location, n~~rnber, use on occupancy of tenants, lessees, subtenants, sublessees, or vendees ire the premises ~~erein conveyed, Tl~e forcoir~g cover~atits s1~all r~ut~ ~~itl~ the land." fib} 1t~ leases; "The lessee ller'eir~ covenants by at~d for l~irr~self or her`sclf, Iris or l~ez~ heir's, exec~~#o~`s, adr~iriistrators, aril assig~~s, and all persoias clairrrirr ~rrrder or' ilrrougl~ l~i~~ or leer, and this Tease is ~r~ade and accepted l~pan and s~~bject to the following co~~ditior~s; "That there shall be rya discrirnix~ation agairrst or seg~`egatiarr of any persan ar` grol~p ofpersons, an accou~rt afany basis listed in subdi~isior~ ~a} or ~d~ of fee#ian 12955 of the o~ernrrrerrt bode, as #lrose bases are de~~~ed irr ectior~s I292~, 1292,1, s~~bdi~ision ~r~ and pa1`araph ~1 ~ subdlvlsrorr gyp} of ectrarr 12955, and ectiot~ 12955,2 o~'the a~erntrlet~t fade, irr tl~e Iesi~~, subleasing, tra~~sferr'itrg, use, occarpatrcy, ten~zt+e, ar' cn~oyrnetlt of the pre~~.ises herein leased nor shall il~e lessee himself or' herself, ar' and person clairrrin under' or through llrrn ar• her, establish or permi# at~y suclr practice or practices of discr•irnitratian ar ser'eation ~~ith r'efer'ence to the selection, lacatiotr, nrrmber•, use, o~' occupancy, of tenants, lessees, sublessees, s~~b#ex~a~~is, ar ~endees in the pr•erlrises her'eirr leased." ~c~ ~n caniracis~ "Tl~er'e shall be no discr•rrnrrrat~on against or segt~egatian of, and person or' romp of persons on account of arr~ basis listed in s~~bdl~lslon ~a~ or ~d} of EIB7T D~7 T~ ATTA~~IENT ~i~, l l Affordable pausing Resale Restrlctlon ~DC50C~~~~~~73v~ 31~~~~7~-~~0 ~ ectiorr 12~~5 of the o~vert~t~ent bode, as those bases are defined itr Sections ~~~2~, 1~9~,, s~tbdivisio~ ~rrr~ and parag~•aplr ~1} of s~~bdi~isiari gyp} of Section 1~~, arrd Section 1 ~955,~ of the Co~ernment ode in the sale, lease, sl~blease, transfer, ~~se, acc~tpancy, tenure, or errjoyment of the pr•er~.ises ~~hich ar•e the s~tb~ect of tlris Ar•eerrrent, rror shall the grantee or at~y persorr clainring under• or thto~~h hitrr or• hers, establish or Perrrrit any practice or• practices of discrimination or• serea.tion with reference to tl~ selection, locations, z~uinber, rise or occupancy of te~rarrts, lessees, suhterratrts, sublessees, or• ~endees its ~lre pr•etnises herein corr~e~ed, The foregoitr co~et~ants shall r~tn with the land." The co~et~an~s establisl~cd in this Section 8 shall, without regard to technical classt~catiorr acrd designatio~r, be binding for the be~re~t acrd in fa~ot• of Age~~cy and its s~tccessors and assig~rs, at~d shall re~rraltr In effect its perpetuity, 9~ a1~~tellallCe o~ Pt•ape~~~, Honlebr~yer• slrall t~tait~tin the irnpror~etnent and landscaping on the ~'t•operty in a r~ar~trer corrsiste~rt ~~itl~ corntnurrity sta~rdards ~uhiclr ~~ill uplrold the value of the Propet'ty, in accorda~~ce ~ttl~ the Sairta At~a ~u~ricrpal ode ~on~ebuyer also agrees to comply ~~itli alI applicable federal, state and local la~vs~ a~ ~xfer~or ~ainteriaiYCe, Except as to be maintained by the lrotneo~vtret•s association, as applicable, all exterior, paitrted surfaces of any structures located ot~ tl~e Property shall he maintained at all titres irr a clean acrd good co~rditiot~. Any defacing harks shall be cle~rcd or t'emo~ed ~~rtlritr a t•easonable period of time. Fl•ant ~~lf~ 1{~~ ~xt~~ro~•s, Except as to be ttraintained by the l~omea~~rrers association, a applicable, orneb~tyer shall at all titrres maintain the fro~rt exteriot~, any risible side exterioz~s, acrd yards, if any, in a clean, safe a~~d presentable tr~atrner~ c, Gra~~i Rel~~o~ra~~ All graffiti and defacemetrt of airy type, it~clr~din bE~t trot limited to marls, words acrd pictures, slrall be promptly rerno~ed ft•om tl~e Property ~~rithin t~~o ~2~ days of tl~e tirr~e tlrey ~t~ere made and atr~ Necessary palntrtrg or repair completed in timely and expeditious tr~at~t~er after ~rotice thereof, lriclre~er is less. ~a Nllisax~ce, ~orneb~tyer slrall not r~aiNtain, cause to be rnaii~tained, or allow to be maintained orl or abaut the Property airy p~zblic or private rr~tisance, including ~~itlrout limitation, the cotrd~tct of criminal activities set for•tlr irr the t~uisarrce abatetrtent provisions of the C~nifortrt o~trolled Substances Act ~~-~ealtlr Safety bode ectians 1157a, e~ sec~~} or• tl~e street Ter•rot•istn Enforcement acrd Pt'e~ention Act ~~et~al bode Sections 18~,2~ e~ sec~~~, or any srrccessor• statute or lam, ~U~ ~ccuparle~t Sfax~dards, Tire ~'roperty shall be used as the prrtrclpal persor~al residence of ~IoN~ebuyer and ~on~ehuyer's rrrrtrredtate fatrrrlyllrouselrold and for• rro otlrer purpose, ~orrrebuyelk shall Trot enter iNto an agreernetrt for the rental or lease of all or any part of the Proper•ty~ I~onrebtryer• lrall trot rent out a room or' r•aarrrs at the ~'tope~•ty, ~-Iornebttyet4 may regttest a teN~porary ~~aiver• of tl~e foregoirrg rec~uit~etrerrt in the eveNt of extreme has;dship requir•i~n ~ornebuyer• to mope to arrotl~er geograplrtcal area or to Tess expeNSi~e lrousing, i~~ci~tdit~, for exarrrple a~~d ~~ithout limitation, transfers of job location, loss of job, ot• unexpected E~IBtT D-S TD ATTAHE~T N~, ~ ~ Af~'ordabie dousing resale restriction DoCS~11 ~0~673~rt ~12~~272-~~~~ rrE I major experrses, Age~rcy may approve or disappa•o~e such recl~zest in its sole disc~•etio~r, acrd may rcgt~i~•e as a co~rdrtlot~ of approval that Honreb€ryer only r"ent the I'~•oper•ty to ~iiible o~er~ate Ir~came Housel~olds at air affordable r"ent has defined in ectian 5~a~~ aftlre alior"nia Hcalth ~ Safety ode~~ Age~~ey acknowledges that the oceuparrcy standa~•d is occ~~pancy by t~~a persons per li~i~r and sleeping area, Hornebrryer slrall, upon derna~rd by Agency, subrnit to Agency arr affidavit ofoccupanc~ ~~erifying Ho~ebu~er"'s cor~~pliance ~~i~h this ectiar~ I0, ~cir affidavit ~r~ay be r"eq~~ire~ ~y Aenc~f an an annual leis. ~ ~ ~f~cCt 0~ ~io~a#1oll of file ~'e~`lYis c~Ild P~'o~isio~rs of tali ~esfrictlan, a~ ~zz etie~~aif Tl~e co~enarrts established in tlris Restriction sirall, witlraut regard to tecl~r~ical classificatiotr and desigtration, be bi~rdirrg for ~lre benefit and in fa~ar of Aetley, its s~~~cessors and assigns, as to tlrose coverra~rts wi~ich ar"e for its benefit. Fire co~etrat~ts cantattred qtr this Restr•ictiotr sl~all r+ernarrr ~t~ effect f~r• the pc~~iods of time peci~~d herein, The co~erra~rts agaii~st discr•irnitratiot~ shall remaix~ iii effect irr perpetuity, Agency is deemed the beneficiar"y of the terms and pr"o~iior~ a~' this Rest~~ictiar~ atrci of the ca~errants ~iunt~in ~~~itlr the land, far and in its own rights acrd for the p~~rposes ofprotectirrg the interests of the co~~rrr~u~~ity acrd otlrer ~a~"fies, p~~biic o~~ private, i~r ~~hase fa~ar" acrd whose benefit this Res~r"fiction at~d the c~~etrants rur~ni~rg ~~itl~ the iar~d ir.~e been ~ra~~i~e~~ ~'~i Restr"letlarr a~~d tl~e co~errarrts lret•ei n shall ru~r i n favor of Agency, without regard to whether Ae~~c leas beer, remains or is atr owner of any land or infer"est ti7c~•eir~ i~l the ~r~ope~~ty ar" in the Pra~ect Area, Age~rcy si~all have the right if the Restriction or co~ena~~ts are breaclred, to exercise all rigl~ts and remedies, acrd to rnait~tait~ any actiotrs oxi suits at law o~~ in. equity ar• othe~• proper• pr"oceedizags to etr'ar"ee the c~rz~i~r of such baieaelres to ~~hielr it or any atirer• beneficiaries of this I~estrietian and cove~ra~rts tnay be entrtied, b, Accel~~~tia~r. 'the whaie of the dote Arrro~znt has defined in ectiotr 1,2,b. of the loan Agreement} and all atlrer• pay~nents d~~e ~~~rde~~ the Horneb~~yeai Assistance Loan shall becorne due acrd immediately payable to Agency by Horneb~~yer upon the occl~rrence of atr~ one of the follo~~ir~ everts of accele~~atiorr; (i~ Horrrebuyer, i~~ Hornebuyer•'s sale discretio~r, elects t~ transfer the Property f o~~ a pr"ice I~1 excess of a~ Affordable Hol~si~~ host, ar~d T~•ansfcrs the 1'~~operty; ~ii~ Homebuyer" makes a Prohibited `~~iansfer of title to o~i any interest in the I'~•oper"t}~ i~r ~iolatio~~ of tlris Restr•ietian; viii} Harnebtlyer" refina~~ces airy lien or e~rcumbra~rce to whiclr Agency Deed ~f Tr~~st is sr~bor"dlr]ate ~eael~ such Berl, a "Fi~•st ~,ie~r"} for a laa~~ anrat~~rt in excess a~' the then current iaarr balance sec~~red by s~~ch lien or enc~~r~rbr+ance and loatr closing casts; ~i~} Homebuyer" fails to occupy the Prope~•ty as Horrrebuyer's prr~rcipal ~'eslde~rce p~~t•sl~ant to ectlorr ~ ~Oa~r Agreenretrt ar' r~~ Default Df arly athc~' obl~atrorr ~~nder the f,oan Agreeme~~t; Hotnebuyer lras a~n Ow~~erslrip Defar~lt vralatitrg any affard.able lrousitrg ter"rns ar pro~isiarrs of tlris l~est~•ictio~r, ~HIBIT D-9 TD ATTAH~~T ~D,11 Affet"dable Housing Resale Restriction € DOCS~~I l ~~~6~`3v131~~~~?~-0~~1 ~ar~dslrip, At the req~~est of Hameb~zyeti, a~~d far' a specific accasior~, Agency n~a~, in its sale at~d absal~~te discretion, ix~ ~~t"l~rrl 1~~€V~ t~l~ req~~i1•em~t of ectlarr 1l, s~rbparagrapil ~h~ arrd defer repayment a~~dlar extend the terra of tl~e date, Any ~~ai~er ar deferrnerlt shall be on ~ ease«~~-case basis, and rla future x~igi~ts far' 4~ai~e~i or deferment si~all arise or be i~~rplied, at4~ithstaridit~g the foregoing, Horneb~ryer' rnay, r~pan ~~~ri#ten approval by Agency, r'efinat~ce ably ~lr'st Lien ~~lth a fixed rate loan for a loan ar~lou~~t equal to ar less than tine then c~lrrent laari balance secured by such First Lien with rla reduction ire term, 1~, o1r#irlerl~ equity Par4#ic~pa#iarY Anlour~#, In tl~e e~e~~t ti~at the ~.otrrebuyer Assistance Laarr becomes due acid payable pl~rsuant to Section 11{h~ above, Horrlebtlyer• si~aii pay to A.enc~~ fire ~~rhole of fire l~or~~ebu~rer• Assistance Loan ar~d the "Corrtit~ent Eci~rity participtlorl Atrrourrt," as lre~'ei~~af~er defi~red. ~a~ alculattor~ of OI1~iIl~~1l~ Eq~lit~t ~ax`~icipa~iotl Atnolrr~#, The "Contingent ~~uity Part~crpatfor~ A~t]our~t" rnea~~s ate arr~aurit egt~ai to a percentage share of file appr'ecratlaz~ of tl~e Pr'ope~•t~ deter"rnirred b~ t~ultiplyir~g a ~ar'iable perce~~tae factor• ~"~a1'iable Applicable Factor"~ b}r the difference bet~~~een fire Sales 1'x~ice and the pu~•chase Price has tease ter'~ns a~•e hereilla~e~• defined}. fib} ~ar~iable Applicable Fac~or~ Calcrrta~iorl, ~'he variable Applicable Factor slrali be calculated by di~idirrg fire Agency's fatal it~itia~ eclrrity cont~~ibutiar~ based ors sale of tine Froper•t~ to Hanrebuyetk at art Affo~•dablc Housing Cost ~"Aene~ Contt4ibutian"} by ttae sure of file Aetrcy Cor~tr~lbutior~ plus Horrreb~~ye~~'s cantr~ibutio~a {"Homebuyer4 Co~~trihrrtion"~, In o#i~er~ ~~ards, tl~e Agency Corlt~•ibutian shall be the rrurnerator•, a~ad fire surrr of the Agency Corrtrib«tion plr~s tine ~a~r~ebt~yer Cor~tr~b~~tion shall be tl~ denarninator• of a fraction tirat eq~~als a percentage teat is the ~1a~•iable Applicable Factor' ~s~l~b~ect to ectiorr ~l 3~b}~i}}, ~'~ri~ble Ap~licabl~ ~+ac#or= A ~Ilc C~~rtrib~~tion A~eticy ol~tx~ibutio~~ + Hameb~~s~er Co~~trib~~fion For exatr~ple, if fire Agency Con#riibr~tion e~~zals and the ~o~r~ebrryer Cor~tr~ib~ztion e~~ral ~S~,o~4, the variable Applicable Factor ~~ould equal la~'7°Io {0,000 divided by the sum of~0,o00 plr~ ~50,000~. ~.0~~~/0 ~'~~~i~hle Applicable i~'acto~•} - 3~ ~il~ A ei~c ~ Can~ributio~~ ~0,0~~ ~~gency Col~tr~iblitio~~} ~ ~5~,~00 ~~vntel~uye~• ~o~~ti~ibutian} - ~28~,~0~} ~i~ `~i~e`Agency Cot~tr~r6utrari" is the sure of fire falla~~ing amounts contributed by Agency to tine pur~chse pace of fire Fr'ope~-t~r; fit} principal an~or~nt of file Harrrebt~yer• Assistance ~,oan Arnout~t, i~e., the Affo~•dable Ha~rsrrlg Cost Sl~bsldy ~as he~•einaf~er l~~~lll~l`l' l]-la T~ AT~'ACI~N~N~' N~, l l Affordable Holrsing resale l~estr•ictiorr ~4~D~1~ ~~~~~~4'~ de~rled~; at~d ~ii~ the priricrpal a~~norrnt{~ of any athe~" laan~s~ ar` subsidy~tes} provided Agency, ~ii~ The "Homebuyer ontk"ibutia~~" is file utn of t~~e follo~~ir~g amounts contributed Harncb~ryer to the purchase price of the Property: {i} tl~e prrncrpal axr~ol~t~t of file Fast Lien p~~r'cl~ase rnar~ey rnor~tgae~ {ii} Hanleb~~yer's cas~r do~~x~ payment pigs Harnebuyer''s portia~~ closing cost; and {iii} tl~e original pr"tt~c~pl amount of loans{s~ or` ot~iet" subsidy~tes} sec~~rcd by Hon~ebuyer, {excl~~ding at~d other than loan{} or subsidy{ies} provided Ager~c~~ {as set forth rn the defi~a~tion of Agency ~orltribution}} and applied by Horrreb«yer towards tl~e p~~rcl~ase of tl~e Property, {iii} Tl~e "Purchase Price" Is tl~e or'iir~l prrrcl~se price paid by ~Iorneb~zye~" for I~arnehuyer' as tl~e qualified successor o~~~~er" of tl~e Pr+ape~•ty~ to the seller of tl~e Property {"feller"} for Seller's interest its tl~e Pr'aperty, exclusi~re of escro4~ fees, title irisura~~ce costs, broker's corntnissions, Ioa~l fees or` ar~y ati~er closing ar trar~actior~ costs Srrb~ect to the pr'o~isions set foi~l~ llererrlbela, tine ~rallle of ~ualrfied ap~tal I~~~pr"o~emerrts shall be added to the P~~rcl~ase Pr"ice when calc€~latin tlxe Contingent Equity Par't~cipatio~~ Arnarrnt, {i~r~ The "Sales Price" ss tl~e price to be paid by the pz•aspective buyer ~~~ho is not a qualified Iade~'ate Income Housei~ald} of the Property {"~u~er"} to ~omebtryer for I~otnebuyer as the qualified s«ccessor o~~~tler of the Pr'opert~} for Hot~~ebuyer's interest its the Praper'ty, exclusive off' reasonable escr+o~~ fees, title insura~rcc costs, br'oker's eon~rnlslot~s, loan fees or any atlrer` clasit~g or trar~sactio~i casts" Tl~e Sales Price shall be esta~bl~slaed its conformity ~Vrtll S~C~r~rl t3~17~~r~ l~er'eof~ Its fire event of ~otx~ebuyer"'s refinancing, failure to occupy, or defa~~lt, tl~e "Sales Price" shall be esfablisl~ed ire conforr~~ity ~r~tli Sect~o~~ I3~i)~ir~, Tlje "Affo~'dable Housing host S~rbs~d~" is the arnaunt dee~ned to be a s~~bsidy that Aei~cy leas provided to Hon~ebuyer' by making tl~e Property available fart p~~r'cl~ase at a price ~llich cal~stltutes an Affor'dablc ~a~isin host, Tire Affordable ~orrsin fast Subsidy ec~~rals the difference between file appraised fair inar•ket value of the Property {~~l~icl~ appraisal shall be at Agency's cost} as of tl~e date of the Agrcemet~t a~~d tl~e Affordable Ho~~si~~g . Cost. ~i} ~xcep#ia1~ ~lcula#~or~" Notwithstanding the above, tl~e variable Applicable Factor shall eq~~al the renter of fifty percent ~5t%} oi" tl~e ~ar4iable Applicabre Factor' calculated p~~r'suant to Section I~~b}; provided however, in the event Hornebuyer receives a First Lien loan froin tl~e California Ha~~siii Finat~ce Agency ar a First Lien lawn tl~e source of pi`occeds of which are froin tax exempt bands, then tl~e far"labia Applicable Factor shall equal the variable Applicable Factor' pei`ce~~tae calculated p~~ruant to Section ~ ~~b~" {c~ ~lll~ #~xe ~ai•la~le Appl~Ca~~e ~~C#a~~ #o ~e#ertninc #~~c o~~ti~lger~t Eq~~xty Fax~flclpafian Aii~ollia#~ The ~antingeirt ~quit~ Participation Arno~zi~t is calc~~lated by multiplying tl~e variable Applicable Factor by tl~e difference bet~~veen tl~e Sales Price and the Purchase Pr'icef Far" example, if the ar'iable Applicable Factor equals 1 ~,7°Io~ the antinent Eq~~ity Pa~~ticipation Aino~~nt ~vo~~ld Mien equal ~ a"7°I~ {far"labia Applicable Factor} x {Sales Price m.in~~s the Purchase Price}, E~HIIT I~- ~ ~ T~ A'ITACH~VIENT NO" 1 ~ Affordable Housing Resale Rests"ictiot~ D~~D~l~ ~~DG?~4' 3~~~~~7~-0~0 ~ I ~n the above example, if the dales Price equals 380,~0~ and the Pul'clrase Pl'ico equals 2~~,4~0, the Colrtlllel~t equity Pal~tlelpat~on ~11'ro~Zllt 4~ould equal ~ 0,70 0,'7°I~ x {~S0,4D0 ~rrin~ls ~8~,000}~. 1~,7°Io {~'~~~i~~~~ ~pplic~~le FactQx~} x 1~~,~0~ (ales P~•ice~ Pur`c~~~se P~~ice~ _ ~~~,~0~ ~Co~~#i~ig~~i# ~q~iity P~rtlCipa#iot~ Amou~tt}, alc~llafroll of 'an~irlgtzt ~quit~r Par'tiCipa#ion Al~~olrl~~ far il~legllezlt ~al~lebuy~~~s~ pur's~~alrt to Section ~ of fire ~oal~ Ar'eell~elrt, a Buyer lras fully assulr~ed Hol~rehu~Te1`'s obligations under` tl~e Agreel~rent, fire Pl'ol~rissol'~T dote, the .~el~cy Deed of ~'rrlst, file notice of Affar"dability Restr"ictiol~s, a~ld this Restl`1Ctloll, al~d thereafter tl~e l~e~v B~1yer', as the s~lccessor' Hon~rel~uyel`, causes air evllt of acc~lel"atl~ll to occ~rr, the Col]tll~.gel~t q~~ity Participatiol~ ~l~o~rnt to be paid by srlclr Buyer` small be calculated by lrrultiplylrrg the variable applicable Factor, established in Section l~{b, by the differelice betreen the Sales P~'ice, establisl~ed in colrforlnity with Section ~ 3~i~~, al~d tl~e P~u'clrase Price, fie} ~o ~ppreciatiorr or~ ~]precia~~arl rn ~alrle of ~~{operi~y. If an evel~t of acceleration occurs at a tune ~vhen fire Property leas not appreciated or the val~~e of the Propel`ty i~as depreciated {i.e., the Sales i'~'ice is less tlral~ the Purchase Price~~ thel~ rro Cal~til~gent Fgrlity participatiol~ ~l~ox~nt is due by Hol~~ebuyer to Agency, { ~lla~i~ied Capital ~zn~rl+ovel~lellts. `~lle value of any qualified Capital ~nrprove~~nents colr~pleted by Holrlebuyer during Holrlcbuyer`'s o4~nership of fire ~'lroperty slrall he added to tl~e P~1~'cl~ase Price ~vhen calcrllatilrg fire CDl~til~ent Bquity Partlclpatiolr Alnoul~t only if, not later` tlral~ thirty {~D} days prior to the ~v~17t of aecelera~lorr ca~~sll~ tl~e Col~trr~gelat Fqu~ty Pal"tieipation Amoulrt to becolrle ilnmecliately due acrd payable purs~~al~t to ectiol~ ~ ~{b}, ~olrrebuyer subrnlt tl~e follo~~ing to agency: {i~ alb iten~i~ed list of fire rralified Capital ~mpravelnents, {ii} reliable proof of completion of tl~e ualif~ed Capital ~mpl'ovelents {as evidenced e,,, by final ~ullding pel'rnits, a certificate of cotnpletiorr or original paid ilavoices al' cor~stl`~lction contracts, al~d viii} air appl'isal from . certified appraiser, in form and substance reasol~abiy acceptable to tl~e Bxec~rtive Di~`ector, the colrclrlsian of ~hiclr is that tl~e ualif~ed Capital ~lnproven~ents have added tl~e stated alrro~~l~t to the fair` lnal`ket value of the P1`ope~"ty, ~f, ~vitl~il~ days of receipt of the irrfar{tnation col~cer'l~ing the Qualified capital flrrprovelnel~ts, Agency q~~estior~s the clailr~ed iltcrease in the val~~e of the Prope~~ty by reason of Bald uali-~ed Capital ~lrlpl'overrlelrts, Agel~cy and Hor~ebuyel' rrlay, by mutual areelrrelrt, etablrsh the value of the uallfied Capital ~lnprovel~rel~ts or' Agency nay 1"equlre an appraisal of fire Ar`o~e~'ty, at ~onrebu~er's expense, by a second independent cer"tified appraiser appointed by the Agency to deter'lrrine tl~e fair lnal'~et value of the qualified Capital Ilrrproverr~ents. credit ~v I~on~ebuyer, ~ot~vithstandil~g the foregoing pr"a~lslons of thl Section ~ calcu.latlon the Colltlt~gent Faulty Par`tlclpatlon AmoLlnt 1 su~~J~t~t to ~ supel'~o~` ril~t of Holr~ebuye~' to receive credit 111 calculatlor~ of the Pul'clrase Price for money paid by H(~I~rel~uyl' post acqulsltlon and dtlr"ing the tel'rn of Horrrebuyel'~s o~vl~er'hlp of tie P1'oper`t~' for` installment payl~rel~ts of tnorta.ge pl`il~cipal, pursual~t to the First Lief actually made by B~H~BZ`p D~ 1 ~ T~ A'~'TACHE~T ~0, ~ ~ Af`for"dable Housing Resale Restriction D~SDCI# ~~~~?3~l131Z~~27~-4~~ ~ ~on~ebuyer, rn add~t~on to Fair n~rarket ~ralue of qualified ap~tal I~~rpravemerrts col~isterr# witia fire requirerrrents of Sectiarr 1 ~ he~~eof~ ~i1~ Deterrnit~atlon I~~ Slcs ~I•l~e; Appralsar, ~i} U~~on Sale of the Propert~r, ~z~ fire event of a proposed sale of t~~e Praperty ~orxreblx~er that does not corrfarrrr to Sectiarr ~ lrereir~, and slat less than tl~irty days aver Ael~c~ recei~res actual native of the aperrirr of escro~~r irr corr~~ectiorr tlrer'e~~itir, the Agency may effect to apporrrt ~ certified, rndependerr~ appraise' to conduct ate appraisal of tlr~ Propel+ty, at Horrrebuya4's expense, to assist Agency in deterr~rlnrng if tie cries Price is at o~i near' the fai~~ tr~ar~et value off` tl~e Praper•ty at sr~ci~ time, 7f file Sales Price deterrrrirred by the appraisal to be three percent ~3°I~} ar' more belo~~ tyre fair tnar*ket ~alrle of tine Property a estimated irr said appraisal, then tyre {gales Price" for l~urpase of deter'rrrlnrng the ont~I~ent equity Participatiarr Atno~rnt small be the Fair n~arl~et ~alc~e of the Property established in said appraisal. ~ii~ Uporl Refil~atlclll~~Fc~~~llx•e o Occ~Ip~~IDefar~It, irr fire event of r'efi~aa~rci~~g, fail~~re to oecrrpy the Prope~~ty in accorda~~ce ~~itlr ectio~~ to llereaf, or default ar breach of a~~y pra~isiorr of the Loan Ag~~eetnerrt ~~rlric~~ causes the ~ot~ti~~en~ Pq~~~ty Participatioir A~~lourrt to beco~~~e ~t~mediately due and payable, the "ales Price" for' purposes of determining the ont~~rel~t Equity Pa~~ticipatiarr Atnount shall be dete~~m~ned by atr appa~a~s~l of the P~+oper'ty, Agency sl~iall appairrt a certified independent appraiser to conduc# an app~~aial of the Property, at I~arnebuye~''s expense, ~o~r~ebuyer agrees tl~at rr~ suer e~et~t tl~e ~arrtrrrent Eq~ri#~~ Par~ticipatian Amou~rt shall be tlre'~ar~iable Applicable Factor rnrlltiplied ley the difference bet4~eet~ file Purcl~ae Price acrd "cries Price" as established by tl~e appr'alsed ~a~~~e of the Property at the time ofsuclr re~rra~rci~rg, failure to occ~~py, or defa~~lt of tl~e Agreernerrt~ ~i~ Hor~~ebrryer's Ac~~r~o~vlednrerrt o~ arrtirrerrt Eglltt~: Participation AIrl0~ll1#, HONIEI3~I~LR AI~NOwLEDOE AND AGREES THAT UPON BALL, TRANSIt~ER OR RE~'INANIN OIt~ THE PROPERTY THAT DOES NOT ONIPL'~ WITH SEOTION ~ HEREIN, ANDIOR UPON ANA OTIIER EVENT OI` AOOELERA.TION A SET ~`ORTH IN SETYON HEREOF", HOEDU~ER SHALL PAS TO AGENCY IN ADDITION TO TkIL AEI{~N~ LOAN AIQTJNT~ A CONTINGENT E~IT~ PARTICIPATION AMOUNT EI~AL TO A PERCENTAGE SHARE THI+~ APPREOIATYON OE THI+~ PROPERTY AS CALCULATED PURSUANT TO THIS SECTION 1, HOEPU~ER'S INITIALS: 1~, orrrpl~atrce with Laws; Oo~errzil~g La~~r, I~omebuyer Hereby agrees to cornp~y ~v~th all applicable o~~dinances, r~~les, at~d regulations of Agency, N~ot~hing l~er'eitl is intended to be, nor shall it be deetr~ed to be, a ~~rai~er of any City ordinance, rule, of regulation, This EHIErT D-1 ~ T~ ATTA~UM.ENT N~, 11 Affordable PIatlsirr Bessie Restr'ict~on DOCa~11~0~~3~f~31~~~~7~-~~~1 ~ ~estr~ction shall be ga~el'ned by the la~vs of the State of Califar~ria, Any legal action brought under' this declaration rn~zst be ins~i~uted irr the Superior Co~~i~t of tl~e County of grange, state of Califor•rria, or' irr the Federal District Coul't itr the Central District, Santa Alga Division, 15, ~tl~~eltltll~~Catlorz~ Homebuyer shall pay far', defend, 1I~C~emnrfy a~ld gold harmless Agel~cy acrd the City and their respective officers, ot~ici~ls, aerrts, employees, represet~tati~~es, acrd ~ol~~r~teers from and agail~st any lass, liability, claim, or judgrt~ent relating alry manner to Homebuyer's use of the Property or Horneb~~yer''s violation of ~l7is restriction, Ho~nehu~e~' ~lrall remain f~~lly obligated fol' the payrnerrt of taxes, liens acrd assessments related to the Property, There shall be rro red~ltion in taxes far Hotnebuyer, rror airy trat~fer of respansibil~ty to Agerrcy to lnake srrclr payr~el]t, by ~rrtue of tl~ls estr'rctrorr, ~.G~ I~rs~irarree, Homebuyer shall lnaintairr, dur~lag the term of this estrrctlo~r, an all-risk property insurance po~cy insr~r'ing the Property trr air amount eq~lal to tl~e fill l~eplacernerlt rral~~e of the str~~ctures ol~ fhe Property, The policy shall contairr a statelnent of obligation on behalf of t~~e carrier to ~rotify the Agency al~y lna~er'ial change, catrcellatiorr or termrrrat~~ll Of co~el'age at least thirty ~3a~ days lIl ad~arrce of tl~e effective date of such material change, cancellation or' ter~nirratton. Homebuyel~ shall transmit a copy of the certificate of insurance to Agency ~v~thin tlr~rty ~0~ days of tlxe effective date of this Restricti~l~, alyd ~~o~nebuyer shall a~rrr~zally transmit to Agetrcy a copy of the cel+tificate of insurance, signed by arr author'i~ed agent of the insrzt'al~ce carrier settil~g forth the e~~e~~al provisions of coverage, Tire copy of the ce~'tificate of inst~rance shall be tratrs~~nitted to Ae~rcy at the address set fot'th itr Section 24 hereof, The form, co~atent alyd iss~~er of any certrf irate of lnsurarrce approved by Agency, 1'~, ~eau~ts~ l~ai~ul+e ar delay by either party to perform any term or' ~a~oviia~r oftlris ~estrrctlarr ~~lrlcl~ is Prot cured 4'~lt~~ll~ tl~lr'ty ~3~~ days after recerpt trot€ce fr'orn the oti~el' party co~~stitutes a defa~~lt under' this Restliictio~r; provided, ho~~ever', that if such defa~~lt is of the nat«re ~'equiring snore ti~an thirty ~30~ days to cure the defaulti~~ party shall avoid default here~~ndel' by cornmenclrr to cure ~~Frtlritr st~cix tlrlrty X30} day period, acrd tlrereaffer diltgerrtly pru~suing s~zch cure to carnpletlolr, The party ~~~lro so fails on delays must in~tnediately cal~lnence to cr~re, correct or rerr~ey such failr~re ar delay, acrd shall complete sr~ch cure, cot'rection or remedy ~~ith dilie~rcc, The injured party shall i4Fe ~vr{itte~~ notice of defa~~it to tl~e party itr ~lefault~ specifying the default cor~plai~red of by tl~e inj~~red party, except as r'e~~il~ed to protect against further' da~r~ages~ the ~n~~z~~ed party may trot llltltute pl'oeeedlt~gs agalnst the party In defar~lt r~trtil thirty days after giving such naticc, Failure ar' delay lrr lvln such notice shall Trot coirstitr~te a ~vatvei' of any default, noi' shall it change the tine of default, 18, ~ar~-a~~~er, failure to exercise any right Agency irray l~a~e or' be entitled ta, in tl~e event of defar~lt l~er'eunder', shall riot constit~~te a v~ai~er of such r{fight ol• alry athei' right i~~ tl~e event of a sribsegtieirt default, 19, ~urf~te~, Assur•airce. Hornebuyer shall execute airy fi~i~tl~er dacr~~neirts consistent ~vitlr tine terms of this restriction, i~rcl~rdi~ag dacr~tnerrts i~r reca~4dable farm, as ,er~cy shall fi'oln time to time find irecessat'y or appropriate to effect~~ate its pur+poses iir e~~teliing into this esti'l~tlarl, ~H~B ~T D« 14 T~ ATTACH N~~NT N0, ~ ~ Affordable Ho~~sin resale ~estr~ction DQCOCII 00G?3~R 13i21~~272.0~~ 1 2~F a~te~~zzing La~v~ ~Io~r~ebuyer• l~et'eby agrees to comply ~vitll all ordit~ar~ces, r~~ies and regulations o Agency and the Ci#y, Nothing In tl~~s Restriction is i~~tended to be, nor shall it be deemed to be, ~ ~vaiver of any Ci#~ ordinance rule or• r•egulatiot~, This Restrictio~~ shall be govert~cd by the la~vs the State California, Ar~y legal action brought under this Restriction rr~ust be instit~~ted lt~ file Superior Corrr•t of file Col~r~ty of range, State of California, or• in tl~e ~'edez~al ~istriet Co~~~~t in the Central I]istr•ict of California, Santa A~~a I~rvrsror~, 1, Al~lerl[~IYI~YIt 0~' Resti`Ictior~t No rr~odification, rescission, waiver, ~•elease or arrrend~r~et~t of any provision of this Restr•ictior~ shall be made except ~y a ~v~~itten agreemer7# executed by Horneb~~yer and Agency. Agc~~cy I~Iay Assigz~~ Agency nay, at its option, assr~i lts rights hereunder ~~itho~~t obtaining tl~e consent of ~omebtryer, 23, ~olY~cbuye~• .~~~~IIIIIeII~ P~'o~l~llt~(~, Its do event shall ~ot~reb~~yer• assign or t~•at~sfer• any po~~t~on of tl~rs R.eStrrctl~n ~vrtho~rt tl~e error' e~priess ~rrtten consent of Agency, ~vhrcl~ consent shall he given by Agency only ~t~ the event that Agency determines that the assignee o~~ tra~~sferee is a Moderate Ii~conle household, that the assignee's or' tt~arisferee's rr~ot~tllly i~ouslt~g payr~~ents are at a~~ Affordable I~o~~sir~g Cos#, ar~d that tl~e assig~~ee or transferee leas e~pr~essly assumed. this Restriction by execution of a ~vritter~ assigt~rr~ex~t document to be provided by Agency. This section si~all not affect or dtt~lrnrsh Agex~cy's right to assign all or at~y po~•tior~ of its rights l~er•eut~der, Z4, I~ofice~. Ar~y notices, requests or approvals given under this ~.estr"Ietlo~l fr•o~~a one parity to another' nay be personally delivered or deposited ~v~th tl~e Unrted states Postal Service fot• maili~~g, postage prepaid, registered or cer•ti~ed 1nail~ retur~x ~'eceipt req~zested to the following address To ~o~riebuye~ ; ~o Agc~rcy; Com~rrunity Redevelopment Agency oftl~e City of ar~ta ~t~a Civic Center Playa Santa Aria, California 9701 A.tter~tiorr; Agency Executive Director Either party nay change its address for notice by giving ~vritterl notice thereof to the otl~e~i party, A,tto~'~reys' ~`ees and Coss. In the event that any actron ~s ~nstrtrzted to enfo~'ce pay~~ent or pe~kforn~arice ~~t~der this Restriction, the parties agree the non-prevailing party shall be E~IEIT D-t T~ ATTACI~~~T N~, t t Affordable Mousing Resale Restriction DOCS~CI~ ~~OG73~t13i2~~272-~0~~ ~~espan~ble fa~~ tad ~l~all pay all cots at~d all attot+t~e~rs' ~ee~ it~eurred ~nel~ prevaiit~~ ~at'~ ltl e~~forcit~ this Re~~~~tcti~n, ~~i, E~~~i~~e Ag~ee~ne~~f, Ti~is R~tt~~ctia~r, t~ethe~~ ~~~tl~ ~l~e ~aatl Areen~en~ and a~~ attae~~tnet~t~ t~~reta and ~e~~eto, cot~ttttttes the entire ut~derstat~d~n and agreet~nt of the pat~~es. Tl~i~ Restrictiot~ integrates all of the tert~n~ and co~ld~tlgr~S tnet~tl0ned 17et`eit~ ar ine~dental t~~eret~, and supersedes ail p~~ior neatia~ion~, disct~ssiot~~ and pre~io~z agreemet~t~ l~e#~~een tl~e ~genc~ and Ha~r~ebu~rex~ cat~cernit~g all ar at~~ part offl~e subeet t~a~ter oftl~is Restrietle~t, [igt~at~tre block bei~~s an ~'o~lo~~ l~age~ ~H~BI~' ~]-1 ~ T~ AT~'A~~~I~~~' 1 ~ Affot~dahle ~~ou~in Resale Re~~rictiat~ ~DCSaCJ14~~~73~~1312~~~7~-~~~ 1 IN 'IC'E I~EE~~`, the pa~~ies ~~ave eec~~~~~ fh~s Rest~iic~ion as of the dad set fot~h above. ~~N~E~U~E~; P~iin~e~ ~a~r~e: P~~i~~e~ ~a~ne; ~?E~~; ~~UNIT~' ~EDE~EL~~EN~' ~EN~' ~IIE YT's ~ ~NTA AAA., ~ pubic body, Co~`pOt'c"~~G' anc~ ~]Oll~t~ yr~~hia ei~o~ ~~ecutl~e ~1~'ector' ATTE~'; a~~i~ D, ~-~~~iza~i, ~~e~{~ of ~~re ~o~~~~cil API~.~~ED A ~~R~VI; St~~adi~r~ 'Yucca ari~o~~ Ra~~ti~, Ac~~cy Special o~~r~sei E~~I~~T D~ ~ ~ ~ro ~~r~~~~v~ ~o. ~ ~ Affordable ~o~~~~ng Regale ~e~~iic~i~rl DO~S~CII ~DDb73~=~ 31~0~~~~-~~~1 AT'~,~~~F~~` 0,1 T~ AFF~~DA~~LF ~~IN .ALE l"~.~TI~ L~~L ~~~~r~~~ ar ~~o be it~e~~d~ ATTA~~~N~` N0,1 T~ ATTA~NT N~. ~ ~ To ~4f~o~~dable ~~ol~sit~ Resale ~~s~rictlot~ Legal ~e~cr~~~ion ofP~iope~~~ , ~~CSOlI~0~673s~1 ~iz~~~~2-4~D ATT~~~VIENT ~~r ~ T~ tlt'1'~~~~~~E ~V {,J~~tJ 1711~~~.1 1ti'~T~l1T.RiI~ TIE I~TE~T TO T~Ai~~'EI~ ~~T~~E ~NTE~T T~ TRA~~E~ BUT E DE~~~ERED T~ TAE ~MN~T~' REDE~EL~~IENT AENY TAE ~T~ ATA A~, P~EEI~~N IT~I ,~,~Y TI~~ER TIE ~'R~PETY~ ~rotn~ ~"~orn~~l,~~~r~,~ To. omtni~~rit~ ~ede~eloprnent Aet~c~ of tlro ~~ty of ar~t~ At~a ~r~~ie tenter Playa a~~~a Ana, ~alifor~rla X2701 Atte~~tion; Agency ~xeca~tive Di~~ector~ Re: ~trcet ad~lr~ess~ ar~ta A~~a, ali~'o~~nia ~"Pr+opert~r"} r'~xc~~ cr~pr~~~~r'~r~e r~~~rc~s; ~otneb~ryeri des~~~es to sell, co~~~e~, tr~anfer; b~ it~herita~ree o~i ~e~ise, ~eae, gib, other*~~rie tra~rsfer~ the P~~opert~, Pro ore Transferees Inco~rre of Pro oed Tra~rfe~~ee: ~or~SCllod Size ofPro~oed Tz~an~feree; P~io~ase~l Trat~~fe~~ P~iice; Aer~cy has ~ Progra~~~ to l~elp locate a Moderate ~taco~ne p«rclrase~~~ does ~ Iotnebr~~~~~ ~~vant Ae~~ey to ~~elp look for a ~oder~te ~~rcarne r~tet~aser to b~~~ tlYe Pr~o~e~~t~`? Yes; No; Date igr~at~~~~e of ~arneb~~yexi _ da~tirne telepl~one number of ~o~~rebu~er AT~`AHN~ENT A`~`T'A~ENT ~ ~ To Affordable ~or~si~ Resale l~est~~~ction Notice of ~nte~~t to Transfer ~ODCI~ ~40673vI 12~~~~~-~~~ I ATTACH~N~' N~, 3 A~~VRD~E ~~~I~G RE,~~~ RCS 1 ~.1T~~~ REC~RD~N REL~~T~D BY, ~ ~ x~N R~CO~D A~~ T~; ~ Corl~rn~~nity Redevelopment Ael~cy ~ ofthe City afalrta Ana ~ 2~ i~ie Center" P~a~a } Santa At~a, Cal~fol'nia 7~2 ~ A~tl; ~xecutlve D~~'ectol` 1 Ti~ls doculrle~lt is exempt fl'otl~ paymel~t of a r'ecor'di~l fee pul's~~ant to o~~erl~~~netlt Code ~C~i~tls X73 S3 a~~d G 1 D~. Re~lie~f for ~o~ice T~n~~er i~ti~ Cate ec~IOll ~9~~ ~n accordance ~~tt~l ectior~ fib, Cl~il Code, 1"equest is ~~e~'e~y ~n~de that a Co3y of arly Notice of Default and ~ capy of any Notice of dale under t~~e Deed of T~'~~t ~'ecorded . ~ ~ llstr~lrnel~t o; on ~ ~ ~ ire Boob.: ~`P. e _ official Reca~'ds of~~•ane Caul~ty, Caiifor'l~ia, and de~c~'lbin ~ar~d ~ile~'ein ~ See ~xhiit A attacl~ed hel'eto executed by , a Tr~~tor', ill ~11C~1 1 ~laxlled Belrefieia~'y, and as Trustee, be rna~~ed to C~N~UN~T~ D~~~LOP~NT A~NC~ T~~ CITE SANTA, A~~, a p~~~lic body, cor'por'ate and polltie~ at Ci~lc Ceilter Playa, a~tlta Ana, Calrfor'r~la Attelltlotl: ~xecutl~e D~~"eetor arld Conllllunlty De~elaptl~el~t D11'e~tor", EXHIBIT Cw 1 TO ATTAC~~~NT ND. ~ 1 To Affordable Housing Resale Restr'ietion Request for Notice elder Ci~~il Code section ~~2q~b DOCS~CII ~O~b?3~t~ 31~0~~?~-~00~ ~OTYE; A D~" ANY ~~TIE DE~A~LT A~D AMY NTI~E ALE II~L ~E SENT ~~L~ T~ THE ~DDE C~~T~I~ED THIS E~RDEI) EI~ET~ I~ ~ A~I~1~I~E HA~~, . NEB REL~ET BUST EE REOID, AE~~; ~~ICIITY RED~L~P~~~T A~~~ T~~ ~~T~ ~r A~IT~. ,~A~ ~ ~trb~r~ bod~r, c~ror+ate and p~lit~~ ~t~tl~~a J. nelson Excut~r~~ Dit~ector ATT~T; a~~ia D~ Hrrizar, ~er~k ~'tlle out~c~l EXHIBIT -2 T~ AT~'AHMENT N~, I t Ta ~~for~~a~le Ilo~tsin resale R~trircflo~l bequest faxi ot~ee I~nder~ ~~il bode e~tiot~ 29~41~ D~~OC#l X006?~~R13#~~~~7~-~~~1 ~~HIBIT A T~ R~~U~T I~~T~ TJ1~DL~ CIVIL ET~O~ ~~~~b LEGAL I~~~TI~1~ ~~o lie in~er~ed~ i EXHIBIT A T ~.TTAHMH~T x,11 To ~eq~~es~ I'or ~aflee C~~~er i~il cede ee~l~~~ ~941~ Legal I)esct~i~~ior~ D~CS~C~1~~0673ti~13}~OQ~7~-001 EXHIBIT Q REQUEST FC~R 4 Plannin Commission Action }~1 g o.,~~~ PLANNING COMMISSION MEETING DATE: ~"'f°~°~a'~~"°'~' PLANNING COMMISSION SECRETARY MAY 21, 20~ o APPROVED 1'I'rLE: ? As Recommended PUBLIC HEARING -FILED BY THE CITY OF SANTA ? As Amended ANA FAR THE TRANSIT ZONING CODE SPECIFIC ? Set Public Hearing For DEVELGPMENT No. 84~ AND PRGPGSED DENIED DEVELOPMENT IN THE STATION DISTRICT ? Applicant's Request ? Staff Recommendation CONTINUED To Prepared by Lucy Linnaus Executive Director Planning Manager RECOMMENDED ACTION Recommend that the City Council: 1. Adopt a resolution certifying the Final Environmental Impact Report No. 2006-02 prepared for the proposed Transit Zoning Code LSD 84A and 84B} and the proposed redevelopment of properties owned by the Santa Ana Redevelopment Agency in the Station District collectively, the Proposed Project}; adopting the Mitigation Monitoring and Reporting Program, adopting the CEQA Facts, Findings and a Statement of overriding Considerations; and approving the Proposed Project. 2. Adopt a resolution approving General Plan Amendment No. 2010-01. 3. Adopt an ordinance approving amendments to various zoning provisions of Santa Ana Municipal Code Chapter 41 ~ZoA No. 2010-01 4. Adopt an ordinance approving the creation of Specific Development No. 84, approving the rezoning of properties from various zones to Specific Development No. 84, repealing Specific Development No. 30, 3l, 4l and l1, and amending the height exemption areas map AAA No. 2005-09}. 5. Adopt a resolution approving Transit Zoning Code Architectural Style Guidelines and Transit Zoning Code Street Network Concepts. DISCUSSION Re uest of Applicant The City of Santa Ana is requesting approval of several entitlements for the proposed Transit Zoning Code and the proposed redevelopment of properties owned by the Santa Ana Redevelopment Agency within Station District. These actions include the certification of the Final Environmental Transit Zoning CodelProposed Development May 2l, 2010 Page 2 Impact Report, adoption of the Mitigation Monitoring and Reporting Program, adoption of the CEC~A Findings of Fact and the Statement of Gverriding Considerations, two zone changes, a General Plan amendment and amendments to the Zoning ordinance, and approval of the proposed development on Agency-owned properties. Protect Location The area encompassed by the Transit Zoning Code is located in the central urban core of Santa Ana and comprises over 10o blocks and 45o acres. The subject area is generally bounded by First Street, Flower Street, Civic Center Drive, Grand Avenue and Interstate 5 ~I-5} and includes the Civic Center, Downtown, the Logan and Lacy neig~~borhoods, the First Street commercial corridor, and industrial areas surrounding the Santa Ana Regional Transportation Center ~SARTC}. The proposed development in the Station District consists of the construction of a maximum of 22o residential units and the potential addition of new public open space that could include a public park, a public tot lot, and a community center building on 49 parcels currently owned by the City of Santa Ana Redevelopment Agency Agency-owned parcels} and 20 parcels under consideration for potential acquisition by the Agency. The proposed development is entirely located within the boundaries of the Transit Zoning Code Exhibits 1 and 2}. Most of the 45o acres are currently developed with a multitude of uses at varying intensities: from single-family dwellings developed at a density of seven dwelling units per acre to large multi-family developments at a density of over 10o dwellings per acre; from low intensity commercial and retail strip centers to multi-story buildings in the Downtown and the Civic Center; and from civic and institutional uses, such as churches and schools, to heavy industrial land uses. The proposed Transit Zoning Code area is surrounded by single-family residential, office and commercial uses, as well as the Santa Ana Freeway ~l-5} to the north; commercial and residential uses to the east; institutional, educational, commercial, industrial and residential uses to the south; and civic, residential and commercial ~~ses to the west. The existing general plan land use designations for the proposed project consist of a wide range of civic, commercial, industrial and residential land uses including LR-l, MR-15, RII-15, GC, IND, INS, aS, DC and PAa. The existing zoning within the plan area also varies widely and includes GC, a, C2, C3, C3-A, C5, P, R1, R2, R3, M1, M2, SD-3o, SD-3l, SD-4l and SD-l1 Exhibits 3 and 4}. P~ect Description The Transit Zoning Code ~TZC} was initially drafted as a component of the Santa Ana Renaissance Specific Plan ~SARSP} that was initiated in April 2006. The SARSP was a comprehensive planning document that established goals, policy-initiatives, regulations and standards that would guide the physical and economic development within the plan area. Transit Zoning CodelProposed Development May 27, 2010 Page 3 In order to better analyze subsequent projects required to implement SARSP, as well as to respond to community concerns regarding the ambitious scope of the plan itself, the SARSP, as a comprehensive document, was tabled and is not under consideration for adoption by the City at this time. The zoning code component of the SARSP, which contains the regulations and standards for the development of the subject area, was separated out and has been further refined as the Transit Zoning Code. The Transit Zoning Code ~TZC} is designed to provide the zoning necessary to s~~ipport the long- term development of a successful transit program, as well as to provide the framework for the redevelopment of the Santa Ana Redevelopment Agency Agency} properties. The TZC will provide new zoning for properties contained within its boundary while, at the same time, preserving the existing Light Industrial ~M1 }and Heavy Industrial ~M2} zones through new Industrial Gverlay Zones. Properties within the Industrial overlay Zones will continue to be governed by the current provisions of the Santa Ana Municipal Code for Light Industrial ~M1 }and Heavy Industrial ~M2}until such time as the property owner chooses to exercise the option to convert the property to the mixed-use zone also allowed by the new zoning code. The project objectives for the Transit Zoning Code are as follows: • Provide atransit-supportive, pedestrian-oriented development framework to support the addition of new transit infrastructure. • Preserve and reinforce the existing character and pedestrian nature of the City by strengthening i~irban form through improved development and design standards. • Encourage alternative modes of transportation, including the rail system that connects San Diego to Los Angeles. • Provide zoning for the integration of new infill development into existing neighborhoods. • Provide for a range of housing options, including affordable housing. • Allow for the reuse of existing structures. • Allow development of Agency properties described further under Developer Project Gbjectives}. witl~iin the boundary of the Transit Zoning Code, the Agency owns 49 parcels comprising approximately seven noncontiguous acres. The Agency has entered into a Predevelopn~ent Agreement with The Related Companies of California, LLC and Griffin Realty Corporation, a California Corporation jointly, the Developer} to redevelop the Agency-owned properties generally located in the vicinity of Santa Ana Boulevard. The proposed concept for the 49 Agency-owned Transit Zoning CodelProposed Development May 27, 2010 Page 4 properties includes the development of a maximum of 155 rental units and a maximum of 65 for- sale units for a total of 224 new residential units. Approximately 144 ~~inits X112 rental units and 32 for-sale units would be constructed on the parcels currently owned by the Agency. "rhe balance of the 22o units would be built on the parcels identified for potential acquisition, if and when they are acquired. As currently designed, the Developer Project will provide 114 rental units affordable to those meeting the Grange County criteria for Low, Very Low and Extremely Low Income, two manager units, six for-sale units affordable to those meeting the Grange County criteria for Moderate Income, and 26 market-rate for-sale units. The CitylAgency is also pursuing the addition of new public open space that could include a p~~blic park, a public tot lot, and a community center building on the Garfield Elementary School Site. The objectives of the Developer project for the Agency properties are to; • Redevelop all of the Agency-owned properties. • Provide new affordable housing for families in furtherance of the City's affordable housing goals established in the Ho~~sing Element, the Implementation Plan for the Santa Ana Merged Redevelopment Project Area, and the City of Santa Ana Consolidated Plan. • Enhance the streetscape and urban form of the area, particularly along Santa Ana Boulevard, with the construction of new buildings that meet the standards contained in the Transit Zoning Code and that support future transit planning. • Eliminate blight. • Provide additional public open space and facilitate a joint use arrangement with SAUSD for a new community center. • Provide an economically viable redevelopment scenario for the Agency-owned properties. Environmental Impact Report "the California Environmental Quality Act ~CEQAy requires that, where there is the potential for environmental impacts as the result of a proposed project, an Environmental Impact Report ~EIR~ be prepared in order to study and analyze any potential environmental impacts, disclose such potential impacts to the public, and mitigate such impacts to the greatest extent feasible. As such, an EIR was prepared for the Transit Zoning Code and development of the Agency parcels. The environmental issues analyzed in the EIR include aesthetics, air quality, biological resources, cultural resources, hazards and hazardous materials, hydrology and water quality, land use, noise, population and housing, public services, transportation and traffic, utilities and service systems and global climate change, as well as the cumulative impacts associated with each of these resource areas. Transit Zoning Codelproposed Development May 2l, 2010 page 5 CEQA also requires that when a Draft EIR is submitted to the State Clearinghouse for review by state agencies, the public be given an opportunity to review and comment on the Draft EIR for a period of not less than 45 days. In accordance with this requirement the Draft EIR began its 45-day public review and comment period on February 2, 2010, In response to corr~ments received during this period, the City amended the Alternatives Section Chapter 5} to evaluate three new alternatives to the proposed development on Agency properties, re-circulated the Alternatives Section, and extended the review period to April 12, 2o'i o. In addition to fulfilling CEQA's requirement for public review, the City conducted two public meetings on February 22, 201 o and March 22, 201 o in order to allow the public to provide oral testimony on the Draft EIR. In addition, the City has conducted extensive outreach efforts throughout the process of drafting the Transit Zoning Code formerly a component of the Santa Ana Renaissance Specific plan}. During the last year, in conjunction with the proposal to develop Agency-owned properties in the Station District, staff held an additional 20 community meetings and interviews. Staff has also worked diligently on an on-going basis with SACReD, a coalition of numerous community groups and organizations, to obtain input on the proposed development and planning effort. The City received a total of 16 written comment letters and 14 transcribed comments from the two public meetings. The City has eval~~ated all comments received from the persons or agencies that reviewed the Draft EIR and has provided written responses to these comments in the Final EIR. In accordance with CEQA, each public agency that commented on the Draft EIR will be provided with a response to its comments at least 1 o days prior to the final action by the City Council to consider certification of the EIR. The Draft EIR, comments and recommendations received on the Draft EIR, Responses to Comments, and revisions made to the Draft EIR in response to those comments constitute the Final EIR Exhibit 5}, With the exception of the redevelopment of the Agency-owned parcels, and other minor Agency- sponsored projects, there are no specific developments currently proposed within the Transit Zoning Code area. However, the Draft EIR analyzes a future build-out scenario that development at the maximum allowable intensity allowed under the Transit Zoning Code. While the Draft EIR determined that most potential impacts could be mitigated to a less than significant level, it did find that, under along-term, full build-out scenario, irr~plementation of the Transit Zoning Code would result in significant and unavoidable impacts to Aesthetics, Air Quality, Cultural Resources, Noise, and Transportation and Traffic. Findings of Fact Under CEQA, no public agency may approve or carry out a project for which an EIR has been certified which ider~ti~fies one or more s~gni~ficant environmental effects of the project unless the public agency makes one or more written findings for each of those significant effects, accompanied by a brief explanation of the rationale for each findings. The CEQA Findings of Fact Transit Zoning CodelProposed Development May 27, 2010 Page 6 prepared for this project Exhibit G} identify the written findings and rationale that staff recommends for adoption by City Council in accordance with the requirements of Public Resources Code Sections 21081 and 21085 and Sections 15091 of the State Guidelines for the Implementation of CEC~A ~CEC~A Guidelines}. Statement of Gverridin Considerations CEC~A requires the decision-making agency to balance, as applicable, the economic, legal, social, technological, or other benefits, including region-wide or statewide environmental benefits, of a proposed project against its unavoidable environmental risks when determining whether to approve the project ~CEC~A Guidelines section 15093}. If the specific economic, legal, social, technological, or other benefits, including region-wide or statewide environmental benefits, of a proposed project outweigh the unavoidable adverse environmental effects, the adverse environmental effects may be considered "acceptable." V11hen the lead agency approves a project which will result in the occurrence of significant effects which are identified in the Final EIR but are not avoided or substantially lessened, the agency shall state in writing the specific reasons to support its action based on the final EIR and~or other information in the record. The statement of overriding considerations shall be supported by substantial evidence in the record, Because the proposed Transit Zoning Code and the proposed development on the Agency parcels would result insignificant and unavoidable effects, a Statement of Qverriding Considerations must be adopted. The Statement of overriding Considerations prepared for this project explains the reasons that the substantial benefits of the adoption of the Transit Zoning Code and the development of the Agency parcels outweigh the unmitigable environmental effects Exhibit 6}. Transit Zoning Code ESQ S4) As proposed, the Transit Zoning Code would establish new zoning, including two Industrial Gverlay Zones, for the ~5o-acre project area. This zoning is necessary in order to achieve the project objectives of both the Transit Zoning Code and the Developer Project. In addition, the adoption of the Transit Zoning Code will favorably position the City for future State and Federal transit funding. The Santa Ana Municipal Code allows for the creation of Specific Development zoning districts. The Specific Development tool encourages the use of innovative planning concepts and principles that could not be easily achieved through a traditional zoning approach. As such, the Transit Zoning Code LSD 84} is a unique approach to zoning that draws from traditional zoning practices by regulating use and general building design, but that also establishes regulations that respect and strengthen the existing context and built environment of the distinct areas within the plan. The Transit Zoning Code will establish separate zones that range from transit-oriented compact development to less intense, neighborhood-serving development. Most zones provide for a significant mixture of land uses within them. For a full description of each zone please refer to the Transit Zoning Code Exhibit 7}. Transit Zoning CodelProposed Development May 27, 200 Page l -fhe code allows for greater flexibility of parking provision by using the concept of shared parking for non-residential uses and establishes parking ratios by district with less emphasis on establishing parking by use. Finally, the code establishes detailed development standards for building and parking location, building massing and open space. It also regulates building architecture through standards and guidelines. The Transit Zoning code provides explicit requirements and direction for developers. In doing so, it provides developers with greater certainty, including fewer discretionary actions. "fhe Transit Zoning Code also provides a framework for the development of compact, transit- oriented development that contains a mix of residential, commercial and professional uses in order to address the City's and the region's goals of providing sites for housing in already urbanized locations that are adjacent to transit, thereby reducing vehicle trips and related greenhouse gas emissions, as well as stimulating investment in underutilized land, and improving the jobslhousing balance within the City. The Transit Zoning Code area is ideally located for increased growth by its proximity to major transit systems and its adjacency to existing residential communities and an established gridded street network. The proposed Transit Zoning Code supports the existing transportation network, and creates amenity-enriched connections between the Government Center and Rail Station, and improves area-wide walkability. The Transit Zoning Code also plays a critical role in achieving targets under SB 315, California's Sustainable Communities and Climate Protection Act. To encourage affordable housing within the project area, the TZC provides parking and private open space incentives that result in additional developable area. ~fhis co~ild translate into additional units or open space. "fhe City will also be working to study the potential for additional affordable housing programs, which could include expanded opportunities to apply the provisions of the State's Density Bonus Ordinance or establish an inclusionary housing program, The City will also be moving forward with the implementation of its recently approved and certified Housing Element, which includes many provisions aimed at stimulating the supply of affordable housing. "fhe adoption of new zoning is often misinterpreted as being the same as the approval of a development project. As a point of clarification, zoning, in and of itself, does not require property owners to redevelop their properties. Indeed, with the exception of the Agency-owned parcels that would be developed under the Developer Project, all properties within the Transit Zoning Code area may not change. -fhe new standards would only apply if the private property owner wished to redevelop their property. Most of the new zones provide for very similar uses to those that exist today. For those properties where the new zones would be very different from the existing zones, such as the Industrially-zoned properties, overlay zones were created in order to allow these uses to continue without becoming non-conforming uses. vllith the exception of the Developer Project and other minor Agency sponsored projects, there are no other proposals for new projects within the project area. Transit Zoning CodelProposed Development May 2l, 2010 Page 8 General Plan Amendment The Land Use Element of the General Plan serves as a long-range guide for land use and development in the City and facilitates growth reflecting the community's vision. The Land Use Element establishes land use designations that identify maximum densities and intensities of development, as well as to provide goals and policies. As it exists today, the most intense category for multi-family residential development in the Land Use Element allows for a maximum of 15 dwelling units per acre and does not allow for mixed-use development. The Land Use Element also includes a land use designation called District Center. This designation allows up to 90 dwelling units per acre in a mixed-use environment. Examples of the District Center are found at the MacArthur Place South and City Place developments. While the District Center designation would accommodate more intense transit-oriented development, the permitted density of 90 dwelling units per acre would be inappropriate for the majority of the Transit Zoning Code area. To fill the gap between development at 15 units and 9o units per acre, the Urban Neighborhood Land Use Designation is proposed. The Urban Neighborhood Land Use Designation will primarily apply to residential areas where pedestrian oriented, neighborhood serving commercial uses, schools, civiclcommunity centers and neighborhood serving parks also occur. Urban Neighborhood will allow for a mix of residential uses and housing types, such as low torrid-rise multi-family, townhouses and single family dwellings, with some opportunities for live-work. This Land Use Designation will also allow for existing industrial uses to either retain their industrial zoning or transition into one of the zoning designations within the TZC. Either vertical ~e.g. an apartment built over a shop} or horizontal ~e.g, an apartment built next door to a shop} mixed uses will be permitted based on the zoning standards. There will be an emphasis on tying together the uses with pedestrian linkages to the street, allowing for a high degree of walkability, transit options and to encourage all forms of transportation, including pedestrian and bicycle travel. The intensity standard for the Urban Neighborhoods ranges from a floor area ratio of o.5 to 1,5. For example, the floor area ratio of o.5 would allow a 3,000 square foot building in a typical 6,00o square foot parcel. In SD 84 residential density will be based on a combination of floor area ratio and zoning development standards. A total of 144,99 acres of land in the City will be designated Urban Neighborhood. The General Plan Amendment will also extend the District Center land use designation to an additional 58.72 acres and create the Transit Village major development area. The intensity of development, measured in Floor Area Ratio AFAR}, will be increased to five in the Transit Village and three in the Downtown to reflect intensity of development allowed by the standards established in the Transit Zoning Code. In addition, since the last comprehensive update to the Land Use Element was in 1998, demographic, land use, economic and infrastructure are being updated to reflect current status. Lastly, taking advantage of the conversion of the General Plan from a paper to a digital format, the entire General Plan has been reformatted to conform to a single graphic format, and to include a common table of contents and pagination system Exhibit 8}. Transit Zoning CodelProposed Development May 2l, 2010 Page 0 Zoning ordinance Amendment In order to enact the Transit Zoning Code TZC}, amendments to Chapter 41 Zoning} of the Santa Ana Municipal Code; an amendment to the height exemption map and amendments to the sectional district maps will need to be processed Exhibits 0,10 and 11}. As discussed earlier, the Downtown is located within the boundaries of the TZC. Currently, the Downtown has two zoning designations, the Central Business ~C3} and Central Business-Artists' Village ~C3-A}. Since both of these zoning districts will be superseded by the adoption of the TZC, reference to them throughout Chapter4l will be eliminated. In addition, the approval process for projects in a Specific Development LSD} and Gverlay Zone ~GZ} district will be modified. Under the current standards of Chapter 41, any application for a permit for a building or structure within a Specific Development LSD} or Gverlay ~GZ} zoning designation requires review and approval by the Planning Commission. Without modifying this section, permits currently issued by right and over the counter, such as single family dwellings, wo~~ld be enc~~imbered by a discretionary approval process. The more complex projects will continue to be reviewed by the Development Review Committee and the Planning Commission as needed. Projects requiring a Historical Exterior Madi~fication Application ~HEMA} will continue to be reviewed by the Historic Resources Commission. Conclusion For the last four years, the City has been diligently working an the development of the Transit Zoning Code. The community outreach far the Renaissance Specific Plan, of which the code was a component, included over 100 outreach meetings and interviews held from April 2006 through February 2008. During the last year, in conjunction with the proposal to develop Agency-owned properties in the Station District, staff held an additional 20 community meetings and interviews. Staff has also worked diligently an an on-going basis with SACReD, a coalition of numerous community groups and organizations, to obtain input an the proposed development and planning effort. This community input has been invaluable and has greatly contributed to the refinement of the code. Approval of the Developer Project will allow the redevelopment of the properties owned by the Santa Ana Redevelopment Agency, which will include more than 100 affordable units, new public open space and ajoint-use community facility on the Garfield Elementary School site. Construc~kion of affordable housing units is critical to meeting the City's Regional Housing Needs Assessment ~RHNA} far 2006-2014. In addition, the adoption of the Transit Zoning Code will provide the land-use framework necessary to allow far and encourage new transit-supportive development that provides a be#ter market far public transit, consistent with the goals of SB 375, California's Sustainable Communities and Climate Protection Act, will provide strategic areas for infill, pedestrian friendly environments, and will focus housing and employment growth ~n transit- accessible locations through transit-oriented developments. Transit Zoning CodelProposed Development May 2l, 2010 Page 10 Therefore, staff recommends that the Planning Commission recommend that City Council: 1. Adopt a resolution certifying the Final Environmental Impact Report No. 2006-02 prepared for the proposed Transit Zoning Code {SD 84A and 848} and the proposed redevelopment of properties owned by the Santa Ana Redevelopment Agency in the Station District {collectively, the Proposed Project}; adopting the Mitigation Monitoring and Reporting Program, adopting the CEQA Facts, Findings and a Statement of Gverriding Considerations; and approving the Proposed Project. 2. Adopt a resolution approving General Plan Amendment No. 2010-01. 3. Adopt an ordinance approving amendments to various zoning provisions of Santa Ana Municipal Code Chapter 41 {Z4A No. 2010-01 4. Adopt an ordinance approving the creation of Specific Development No. 84, approving the rezoning of properties from various zones to Specific Development No. 84, repealing Specific Development No. 30, 3l, 4l and l1, and amending the height exemption areas map {AA No. 2005-09}. 5. Adopt a resolution approving Transit Zoning Code Architectural Style Guidelines and Transit Zoning Code Street Network Concepts. r i F Lucy L' ' us, AIA Vince Fregoso, Senior Planner Principal Planner LL:jm Illreportsleird6-02aa05-U9gpa10-01 zoa1U-1.TZC.pc Exhibit List Exhibit 1-Transit Zoning Code Vicinity Map Exhibit 2 -Station District Exhibit 3 -Existing General Plan Land Use Designation Exhibit 4 -Existing Zoning Exhibit 5 -Final EIR Exhibit 6 -Findings of Fact and Statement of overriding Considerations Exhibit l -Transit Zoning Code, Specific Development No. 84 Exhibit 8 --Amendments to Land Use Element of the City's General Plan Exhibit 9 -Amendments to Chapter 41 of the SAMC Exhibit 10 -Amendments to Height Exemption Map Exhibit 11-Amendments to the Sectional District Maps S_ m a m C °o m ~ N O o C I ~ ~ N IL c ~ ~ C > - z: ~ ~ ~ ~ Q ~ N .v (6 c 0 ~ J ~ ~ ~ ~ ~ U - ~ ~ rn x a 0 4 z U I I I I I 1S AV10 GW N 1S Atl10 GW t 15 Atl10 GW ntl ONVaO F oRANa ~ nvaNVao nv o nvaNVao ntlaNVas a ' y ~ N N ntl 00 Stl3 ' nV n00M1Stl3 ' 1S AtlMtlH1tlH ntl OODNllStl3 ~ ' y r F N ~ ' N rc i ¢ ze ti p ~ F is 33 tl1Ntl5 3 ~P ' 7p K F 1S AVMtlHl ' 2 6 a STA FE ST ' 26 1S lbNlbVa31 ' lslvmwa3l a ' 15 a3llni 1S 31NNI4V 0 ntl NIOGNII ntl Nl07 ~ r m is N3a33ae ~ ~ z w 3e ' o~ s ~ ~ nv aavaNVls F °~9 Pe ' 1S NVODI o N I ntl datlONtl1S ntl0 ?`r 2tiT a ~ > 4P h~ ' ~ F r N ~ N 191N°Watld a3lsna 1sa31sno p > P~ m z ~\PE'° 26 15 atln3G ~ s 6 I lsaeo3~ Z Z i ~ ZSPS 2 d \N15E ~p ld lNOw a 6 P° dm 2~0 1s o131savo 1s a1319ads I N v \ SS I 1S Atl lNH ntl 0`Jb11Ntl5 ntlD°tlI1NVS ~ \ GPF;F\E~"0 {1{ I > sN~ E \PSS N 0 5~ 4Z~ PO\~ 1S AGtlI ? w \ ~ 1S A7Y1 I ¢ 5 ~ 1S tl11139NI0d ~ ~ UGH 55 ~ 1S Aa0NGIH 1S Aa0NJIH ~ ~ 1S a31a0d S P\~`O Q~~ ~ N N `I 1S NV° 1S Y,tl0 PGN 55 15 a3LJIW ~ 0 ~ f¦ J 1S a3SS3a0 = ~,\~EP`'S ZQ - a ~ 6 0~~ 5 15 a3W11a0W ~ ¢ 1S 31d W 1S 3ldtlIN 3 is HGN3a3 a w , w I IIII~"IIIf~"IIII~-IIIII~IIII 1S H~N3a9 1S HON3ad ~ ~LJ 1SH~3a', 1SNW°afldS pd~ I tl3°NtlaO nV 30Ntla0 1S N030andS ¦ ~ - N030andS J 1S N030andS ¦ ~ y N ¦¦r~ 15 HSn9 e F F ¦ ~ ~ ~ } w F~ ' 1S HSn9 r nv 3adAA7 ~ F ¢ 1S HSn9 ~ ~ m ¢ a 1S HSH9 ~ z ~ ~ ¢ ~ F 3 _ 3 F is wdw is mdw I is wvW w I is mvw M 1s3aolNVOAs I 1S 3aDWtlGAS 1S 3a°kVtlGAS ' 153aDWVGAS 1S 3a0WtlGAS I 1S 3a0W GAS 1S 3a0WVGA5 ¢ F ¢ z ~ ~ AVMOVOaB ¢ I z h AtlM0YDa8 AtlMnV0a9 AtlMOtl0a9 ¢ N N I ~Otl0a9 ~ J AtlMntl0a9 3 AtlMOtl0a9 n ~ I N ~ ~ ~ N tt 15 HO 19 HGalB I 0 w 1S 1Ntlano 161NYann F 1S HOal9 1S HOalB 1S HOal9 ¢ s 1S nV 3NIa3Na F I ~w 3 ® I 1S SSOa 15 SSOa 1S SSOa 0 1S sSDa 1S SSOa lsssoa lssso Ilsss°a lsssoa lssso ~ ~ ~ ~ r lsssoa I nv ss3N Nvn nv ss3 o nv s3N Nen z a 1sN°lavd 1sNOlavd ~ I I 1sNOlatld I 1S N01atld 1S NOl d 15 NO y I I w N rc i ~ 1S A35NaY0 I I ¢ s 1S A3SNatl° 15 A3SNa ° I I I 1S a3MOlj 1S a3MOl9 I N 1S a3MOl9 _ _ _ ~ ~ ~ ~ ~1~ ~ ~ 15 a3MOld a o m F 1S 3nI10 153nI10 1S 3nI10 1S 1l3MOl 1S ll3MOl i ~ ~ ~ ~ S ` ` ~ ~ ~ i ~ ~ \ ~ w ~ °o ~ ` Q N ~ ~ ~ I ~ ~ ~ ` GARFIELD STREET ~ ~ ~ ~ ~ ~ ~ ~'o~~ ~ ~ , Z aQ~ ~ ~ ~ aQ ~ ~ ' J ~ a • W ~ ~ i J N ~ s~~~ J ~ ~ ~~1~L~ ` ` W i ~ ~ N D ` D 0 ~ ~ ~ 4 ~ r Y~~~ a QQQa °a aQ4 4 ~ 0 . 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CCC\ U ~ N N u ~ c c ~ U ~ o ~ c ~ ~ o ~ N U m m U ~ ~ ~ ~ ~ ~ L ~ W W L 0 U U Q II j i~ Eru-nr EXHIBIT 5 -Final EIR Document can be found at: • Clerk of the Council Office • Santa Ana Library • Planning Counter • http://www.santa-ana.ora/aba/plannina/draft eir.as~ EXHIBIT 6 Findings of Fact and Statement of Overriding Considerations Document can be found at: • Clerk of the Council Office • Santa Ana Library • Planning Counter • http://www.santa-ana.orq/pba/planninq/draft eir.asp EXHIBIT 7 Transit Zoning Code, Specific Development No. 84 Document can be found at: • Clerk of the Council Office • Santa Ana Library Planning Counter • http://www.santa-ana.orq/pba/planning/transit zoning code index.asp EXHIBIT 8 Amendments to Land Use Element of the City's General Plan Document can be found at: • Clerk of the Council Office • Santa Ana Library Planning Counter • http://www.santa-ana.orq/pba/planning/documents/Land Use Element Amendments.pdf L Sec. 41-12. Accessory structure ®r building. An accessory structure or building is a detached building or structure, part of building or structure that is incidental or subordinate to the main building, structure or ; use r,f ,^°hi~h ie i~r?~' L-~-~,~~ ~~ih ~i~~i~~, on the same lot or parcel of land, without cog facilities and his used exclusively by the occupant of the main building. Sec. 41-184. Districts established. In order to carry out the purpose and provisions of this chapter, the city is divided into the following districts: Al --General agricultural RE Residential-estate R1 --Single-family residence R2 Limited multiple-family residence R3 Medium-density multiple-family residence I~'21~1 l~l~~~ni_r°~e~r~eii°~i r~i it ' o_f ilv r®eirl~r9r~o u u t P Professional v n n r C1 Community commercial - iy r i I/ u i ti C2 --General commercial C4 Planned shopping center C5 --Arterial commercial EXHIBIT 9 Page 1 of 11 ril i it M1 Light industrial M2 Heavy industrial C-SM South Main Street commercial district TV --Transit Village DT Downtown UC --Urban Center CDR Corridor UN-2 --Urban Neighborhood 2 UN-1 --Urban Neighborhood 1 SP --Specific plan SD --Specific development MO --Military operations OZ --Overlay zone Sec. 41-195.5. Temporary outdoor activities. Notwithstanding any other provision of this chapter, the following activities may be conducted in any C1, C1-MD, C2, , C4, C5, M1, M2, CSM, GC, P, SD with commercial use, or SP with commercial use district and are not required to be carried on within an enclosed building, provided they are carried on in accordance with the limitations hereinafter set forth, and provided a land use certificate is first obtained in accordance with sections 41-675 through 41-677: (a) Bazaars, fiestas and fund-raising events, provided the activities do not occur on the same lot more frequently than six (6} days in any one-year period, do not continue on the same lot for more than three (3) successive days, do not begin earlier than 10:00 a.m. and do not continue past 10:00 p.m. Monday through Saturday and do not begin earlier than 11:00 a.m. and do not continue past 9:00 p.m. on Sunday. Provided, however, activities in the SD65 district and museum and science center activities inthe C1-MD district, may not occur more frequently than one (1) time per month, do not continue on the same lot for more than three (3} successive days and are not held more than twelve (12) times per year. Page 2 of 11 (b) Rummage sales, promotional events, sidewalk or parking lot sales, and temporary sales booths, provided the activities do not occur on the same lot more frequently than six (6) days in any one-year period and do not continue on the same lot for more than two (2) successive days . (c) Mobile library, medical and veterinary units, provided activities are not conducted on the same lot for more than six (6) days in any one-year period, do not begin earlier than 8:00 a.m., and do not continue past 5:00 p.m. (d) Outdoor auctions, provided that activities are not conducted on the same lot more frequently than four (4) days in any one-year period, do not begin earlier than 8:00 a.m., and do not continue past 5:00 p.m. (e) Seasonal activities for uses such as, but not limited to, fireworks stands, pumpkin lots and Christmas tree lots, provided that pumpkin lots do not set up more than thirty (30) days prior to Halloween and are removed within one (1) day after Halloween, Christmas tree lots do not set up more than thirty (30) days prior to Christmas and are removed within one (1) day after Christmas and fireworks stands are in compliance with Chapter 14, Article II of this Code. (f) Carnivals, circuses, radio or d.j. remotes and outdoor music concerts, provided the following conditions are met: (1) The activity is not conducted on the same lot for more than five (5) successive days in any one-year period and may not occur more than five (5) days in any one-year period. (2) Hours of activities shall not begin earlier than 10:00 a.m. and do not continue past 11:00 p.m. Monday through Saturday and do not begin earlier than 11:00 a.m. and do not continue past 9:00 p.m. on Sunday. (3) Off-street parking shall be provided in the manner prescribed in Article XV of the Santa Ana Municipal Code. (4) On-site circulation shall be maintained in a manner that will assure efficient internal parking lot circulation. Also, lots shall assure that vehicles need not exit on the street then re-enter the lot to find another parking space. (5) No equipment and/or rides may be located on the lot of such activity for more than forty-eight (48) hours prior to opening day. (6) All equipment and rides used for such activity must be removed within twenty-four (24) hours of closing, day of activity. (7) Noise sources associated with construction, dismantling of equipment, deliveries and rides, shall be permitted provided said activities do not take place between the hours of 8:00 p.m. and 7:00 a.m. on weekdays, Saturday or Sunday. (8) A 30-foot setback clear of, but not limited to, equipment, booths, stages and rides shall be maintained at all times along any property line abutting residential uses. (9) The activity is subject to cancellation or additional conditions if conducted in a manner detrimental to the health, safety, or welfare of the community as determined by authorized City of Santa Ana representatives including police, fire, public works, or downtown development. (g) Activities approved with alcohol sale and/or consumption shall obtain the appropriate license from the State Department of Alcoholic Beverage Control ("ABC") and will be subject to the following: (1) All cooking: equipment (grills, barbecues, etc.) must be turned off one-half (1/2) hour before the activity closure each evening. Page 3 of 11 (2) The sale, service and consumption of alcohol shall occur only within afenced-in area. This area shall be designated with appropriate signage identifying it as such and shall be approved by the police department. (3) The applicant shall ensure that security personnel are on duty at all times and monitoring the fenced-in area designated for the sale, service and consumption of alcohol. Security personnel shall prevent people from carrying alcoholic beverages outside the designated area noted in 41-195.5(g)(2). (4) Advertising which indicates the availability of alcoholic beverages shall be posted at the point of beverage dispensing only. (5) Alcoholic beverages shall be served indistinctive cups, which are different from those used for non-alcoholic beverages. (6) No more than two (2) cups containing alcoholic beverages may be sold to a customer at a time. All alcoholic beverages shall be sold in paper or plastic cups and not in their original glass or metal containers. (7) The server is prohibited from selling alcoholic beverages to an obviously intoxicated person. (8) The server is prohibited from consuming alcoholic beverages. (9) The sale, service and consumption of alcoholic beverages shall cease one (1) hour prior the end of the activity. (h) All temporary outdoor activities shall be subject to the following: (1) The applicant must provide a minimum number of state licensed, uniformed security guards for each day of the activity. This minimum number is to be determined by the chief of police or his authorized representative during the application process. These guards shall be present from the opening of the activity until closing and all persons have vacated the grounds. Under special circumstances city police officers may be required in addition to the security guards. The applicant will bear the cost of the police officers. (2) Security guards must carry a cellular phone. (3) All personnel serving as security guards must wear attire such as a jacket, shirt, vest, etc., that clearly identifies them as security. (4) All security personnel shall have equipment enabling two-way communication with other security personnel. (5) The applicant shall be required to pay for any additional police services that may result from the activity. (6) Noise levels generated by the activity must remain under specified S.A.M.C. levels. (7) The sale of tickets must cease thirty (30) minutes prior to the closure of the activity daily. Sec. 41-198.200. Cyber cafes. Notwithstanding any other provisions of this chapter, cyber cafes may be conducted in any C1, C2, , C4, and C5 zones, provided they are carried on in accordance with the limitations hereinafter set forth, and provided a ministerial land use certificate is first obtained in accordance with sections 41-675 through 41-677 of this Code. Cyber cafes shall not be permitted in a special districts or a specific plan unless explicitly set forth as a permissible use. Page 4 of 11 Sec. 41-199. Laundromats. Laundromats may be permitted in the C1, C2, , C4 and C5 districts subject to the issuance of a conditional use permit. Laundromats are not permitted in any other use district. Laundromats shall comply with the following development and performance standards: (a) Minors (under eighteen (18) years of age} shall not be permitted to enter or remain in a cyber cafe during the following periods unless accompanied by a parent or legal guardian: (1} Between 8:00 a.m. and 3:00 p.m., or after 10:00 p.m. on Monday through Friday of each week; (2} Saturday and Sunday after 10:00 p.m. (3} The above weekday daytime hours of restriction shall not apply to vacation days or school holidays as established by any public school district or private school, kindergarten through twelfth grade, operating within the city. (4} Notice of these hours of restriction for minors shall be posted at the entrance in lettering of at least two (2} inches in size. (b) The cyber cafe shall not be open to customers, patrons or any member of the public between the hours of 12:00 a.m. to 7:00 a.m. (c) "No loitering" signs shall be posted at the front and rear of the business. In addition, a waiting area with not less than eight (8) seats shall be provided for customers waiting to use a computer. No outside waiting or seating area is permitted. (d) No person shall be permitted to consume alcohol on the premises. (e) Employees shall be at least twenty-one (21) years of age. There shall be a minimum of one (1) employee managing the cyber cafe during all working hours. If the business has more than thirty (30) computers, the business is required to add one additional employee for every additional thirty (30} computers, or portion thereof, and for every thirty (30) computers thereafter, or any portion thereof. During each employee's working hours, the employee shall wear a badge identifying the business and the employee's full name. (f) Occupancy shall not exceed that required under the uniform building code and uniform fire code, and the maximum occupancy load shall be posted at the main entrance. (g} The establishment shall maintain and operate acamera/video surveillance system with recording capability during all business hours. The system shall cover the entire interior of the premises and all entrances to and exits from the establishment. The camera/video surveillance system shall be capable of delineating on playback of the system the activity and physical features of persons or areas within the premises. (1 } Tapes/disks shall be kept a minimum of seventy-two (72) hours. (2} The business owner shall permit the city to inspect the tapes/disks during business hours. The system shall be maintained in good working order, including the running of the tape/disks. (3} A sign shall be posted inside and at the entrance to the establishment indicating that the premises are under camera/video surveillance. (h) The business owner shall submit and receive approval of a fire exit plan from the city's fire department. The plan shall address all existing requirements of the uniform building code and uniform fire code. This includes, but is not limited to, providing an exiting plan showing equipment location, aisle locations and dimensioned widths, and having approved exit doors and panic hardware. Page 5 of 11 (i) Any adult entertainment business is prohibited unless specifically approved pursuant to the requirements of Chapter 41, Article XVII of this code. (j) Window areas shall not be covered or made opaque in any way. All windows and entrances must be unobstructed at all times so as to allow an unimpaired line of sight by a police officer. (k) The business operator, at his/her expense shall provide a California licensed uniform security guard on the premises Monday through Friday between 4:00 p.m. and closing, and Saturday through Sunday between 12:00 p.m. and closing. (1) The chief of police is authorized to require a specific owner/operator to provide a security guard(s) on the premises at other hours of the day in the event that there are significant calls for service relating to assaults, gang related activity, weapons offenses, disturbances, and juvenile related crime, including truancy, or other good cause. (2) Any decision of the chief of police may be appealed to the city council. Any appeal shall be made within ten (10) calendar days following the date of the decision by the chief of police. Further, such appeal period shall end at 5:00 p.m. on the tenth calendar day following such date of the written decision bythe chief of police. If such tenth calendar day ends on a Saturday, Sunday or holiday, the ten-day period shall end at 5:00 p.m. on the next regular business day. (3) All appeals shall be in writing and on forms provided by the planning department and shall specifywherein there was any error of decision or requirement bythe chief of police. Furthermore, a copy of such appeal shall be filed with the planning department and the clerk of the council. (4) Upon receipt of such appeal, the planning department shall set the matter for hearing by the city council. (5) The city council may, after public hearing, affirm, reverse, change, or modify the original decision and may make any additional determination it shall consider appropriate within the limitations imposed by this chapter. Such decision shall be filed with the clerk of the council, and the planning department; one (1) copy thereof shall be sent to the applicant. (I) Lighting levels on the premises within sixty (60) feet of the use and in all required parking areas shall be maintained at a minimum 1 footcandle of light. Interior lighting shall be at maintained at a minimum of thirty (30) footcandles of light. (m) No exterior pay phones shall be permitted. (n) No pool tables or other amusement devices not directly related to Internet computer devices shall be permitted. (o) No gaming tournaments for cash prizes shall be permitted. Sec. 41-199.1. Banquet facilities. Banquet facilities may be permitted in the P, C1, C1-MD, C-SM, C2,,_ _ _ _ , C4, C5,_CR , ~ - zoning districts and in any specific plan or specific development zoning district wherever restaurants and eating establishments are permitted, as a primary and ancillary use, subject to the issuance of a conditional use permit. Banquet facilities may be permitted in the M1 and M2 zoning districts as an ancillary use to restaurants and eating establishments, subject to the issuance of a conditional use Page 6 of 11 permit. Banquet facilities shall comply with the following development and operational standards: (a) All banquet facilities require a kitchen facility, including but not limited to, an oven, stove, refrigeration, freezer, exhaust hood, grease receptor, cutting and preparation areas, dishwashing area or machine, employee sink and mop, and appropriate counter/service facilities. (b) All banquet facilities require sanitation facilities in compliance with the California Building Code building standards. (c) Whenever there is entertainment with or without alcohol, the banquet facility shall provide a uniformed state licensed security guard, as approved by the chief of police, at the rate of one (1) guard/one hundred (100) attendees, with a minimum of one (1) security guard, or other security measures as approved by the chief of police. The guards shall be present until all attendees have left the premises. (d) All banquet facilities shall provide exterior lighting in compliance with police department requirements. As used herein, a banquet facility is a facility available for rental and used for the purpose of meetings, parties, ceremonious gatherings, dining or entertainment. For the purposes of this definition, the term rental shall mean to obtain the possession and use of a facility, or a portion of a facility, on a short term, hourly or daily basis where occupancy is closed to the general public in exchange for monetary or other form of compensation. ~Articlelll. Division_14_is hereby repealed_in its entirety._~______________________________________ , ~Articlelll.Division_14.5is_herebyrepealedin_its_entirety._~____________________________________ Sec. 41-593.8 Specific development plan approval time limits and extensions. The spec~f~c development plan shall not be deemed valid until all of the cond~t~ons as approved by the zoning administrator, planning commission, or city council have been complied with and released by the planning m~ er. The specific development plan approved in accordance with the procedures and considerations as provided in this Article shall automatically become void after one (1 ~ year from the effective date of such approval when the owner fails to institute an action to erect, build, alter, move or maintain the use of the property as specified in the terms and conditions of the specific development plan. However, at the initial hearing of the zoning administrator, planning commission or city council may provide, by ap~priate conditional approval, for extensions of time beyond the two-year period. Furthermore, the city council by may, by resolutions, extend the date on which a specific development plan becomes void for a period or periods not exceeding three ~3~years in total beyond the date it would otherwise become void. Sec. 41-595.2. Uses permitted and development standards "OZ"suffix. Page 7 of 11 When the "OZ" symbol is applied as a suffix in combination with the district symbol, the overlay zone regulations are intended to apply only to those proposed uses which are permitted or conditionally permitted in the overlay zone to which the suffix is combined. In any case where the development project does not choose to adhere to the overlay zone, the standards and regulations of the underlying zoning district shall apply. (Ord. No. NS-2739, § 3, 4-2-07) Sec. 41-595.5. Approval of overlay zone site plans. No permit for a building or structure shall be issued for any property subject to the provisions of this division until the following requirements have been met: (a) If the property is within a zoning district classification combined with an OZ suffix and the applicant wants to apply the overlay zone, the applicant must obtain for said property an overlay zone site plan review permitting use of the property in accordance with an overlay zone plan. 1 Said site Ian review ermit shall be a roved, conditionall a roved, or denied b p p pp y pp ~ ~ the Planning Commission in accordance with the provisions of article V of this chapter_ applicable to a conditional use permit. ~2, After the City Council has completed the review of the written finding of fact of the planning commission pursuant to section 41-642, the property shall be subject to the standards and regulations of the overlay zone and an overlay zone site plan review conditions of approval. 3 All development shall be incompliance with all conditions of approval prior to issuance of a utility release by the executive director of the planning and building agency. ~4~pon the issuance of the utility release or the Certificate of Occupancy, whichever comes first, the Executive Director of Planning and Building shall amend the sectional district map to reflect the overlay zone as the sole zone on the property= , . ~ - (b) If the property is within an OZ district, the overlay zone plan must be adopted by ordinance of the city. Such ordinance, in addition to adopting the overlay zone site plan, shall specify the uses permitted on such property, together with any restrictions or conditions pertaining to such uses. (c) If an overlay zone site plan of the type specified in subparagraph (2) of section 41- 595.3(a) as consisting of standards and regulations is approved, the applicant must thereafter prepare plans and drawings as specified in paragraph (1) of said section in conformity with such overlay zone plan and obtain approval thereof by resolution of the planning commission after review and recommendations by the planning manager. No building permit or utility release shall be issued except for development in accordance with such approved plans and drawings. Sec. 41-610.5. Wall and fence requirements in the industrial and commercial zones. (a) In the industrial and commercial zones, walls and fences shall not exceed ten (10) feet in height, and shall not exceed four (4} feet in height where the wall or fence extends into the required Page 8 of 11 front yard or any required landscaped area. (b) On any lot in a C1, C2, , C4, or C5 district, a concrete block wall not less than five (5} feet in height shall be erected along any property line contiguous to any residentially zoned property, except that such wall shall not exceed the height limitations prescribed in subsection (a) of this section. This requirement may be waived by the planning commission upon a finding that the abutting property is in a period of transition to nonresidential use, or that, due to special circumstances, the wall would not promote the public health, safety, or welfare. (c) Barbed wire is not permitted as part of a wall or fence except as follows: (1) In the M1, M2 and LM districts: barbed wire is permitted subject only to the restrictions set forth hereinafter. (2) In the C1, C2,® , C4 and CM districts: barbed wire is permitted only in a rear year or side yard which is not viewable from a public street and is subject to the restrictions set forth hereinafter. (3) Barbed wire may not be used above the height limitations set forth in subsection (a} of this section. (4) Barbed wire may not be used as part of any wall or fence which is adjacent to property used for residential purposes or to property which is used as a school, church, park, or youth center. Sec. 41-622._Mechanical equipment_or appurtenances: Regulations.________________________________~( All mechanical equipment or appurtenances located on the roof or on the exterior of a building . . s a e screene . Every application for a building permit for the development of property ~~,~®~r ' ' , ' shall be submitted to the planning department and shall be accompanied by detailed architectural drawings and plot plans, all to a workable scale, showing the elevation and location of the proposed screening structures or facilities, existing buildings and proposed addition, and any other pertinent information considered appropriate by the applicant or planning director pursuant to this section., , , ~ - Sec. 41-629._Zoning administrator' administrative functions. - The zoning administrator may, as a part of his administrative function, authorize: (1) The temporary use of trailers for office space which are utilized in conjunction with any permitted use in the P, , C1, C2, , C4 and C5 districts for a period of time not Page 9 of 11 exceeding two (2) years from the date of approval; provided said determination shall be in writing and show that the temporary office use is in harmony with the purpose and intent of this chapter. (2) The construction of open buildings in the C1, C2, and C5 districts; provided said determination shall be in writing and show that the open buildings are not detrimental to the surrounding area and the open portions of the structures are not visible from adjacent properties or public streets. However, the planning director may determine that a variance is necessary when a proposed temporary office trailer or an open building is so located as to be of importance to the adjoining property owners or to be in conflict with the orderly development of the area. ~ - - - - Sec.41-685._Chan~eofa_nonconforming_use._____________________________________________________ . . . . . . . . . . nnmhlio~ ~n~i~ h1° nff_~troot h~rUinrti roryi iiromont~ of this nh~r~tor, _ _The_conversion of_a_residence in any commercial or industrial_district to_a use permitted_in_that _ . - - district shall conform in every respect to all requirements and conditions set forth for such new use by \ \ this chapter. (e~ _ _Except as specified in section 41-685.5,_a commercial_use_in_the M1_or M2_district which is a _ _ _ . - - nonconforming use by reason of the absence of a conditional use permit may be changed to another \ \ commercial use without the necessity of obtaining a conditional use permit. ~ArticleXl_Divisionlisherebyrepealedin_itsentirety.__________________________________________ Sec. 41-1307.1. Bicycle parking spaces. - - All development projects (as defined by Section 41-668) shall provide short term bicycle parking on- site as follows: a. Retail and service commercial development shall provide bicycle parking at a rate of five (5) percent of the required automobile parking, but not less than four (4) bicycle spaces. b. Office, industrial and manufacturing development of greater than 15,000 gross square feet shall provide a minimum of two (2) bicycle parking spaces. c. Multifamily residences of five or more units shall provide a minimum of four (4) bicycle spaces. d. Key activity locations and public gathering uses including but not limited to theaters, recreation facilities, libraries, churches/temples, and schools shall provide a minimum of four (4) bicycle parking spaces or eight (8) bicycle parking spaces if more than 50 parking spaces are required. e. If a use conducted in a building or on a site is not clearly defined as it relates to the application Page 10 of 11 of this requirement, determination shall be at the discretion of the planning manager as to the appropriate bicycle parking requirement as listed in subsections a through d above. Such determination may be appealed to the planning commission and city council. . , 11 / i l~y ~ _ ~ 1 ~ h ~ l l ho o vr~ m ht f rn m tt1 irs~VZttl~~ ;;~,,,,~,,,,,,,To the extent practicable, the design, site planning, compatibility and lot design for on-site, short term bicycle parking shall be consistent with the City's Bicycle Support Facilities Guidelines. In those situations where said Guidelines cannot be applied due to site constraints or aesthetic considerations, in order to promote the objectives of said Guidelines and the health, safety and general welfare of the City, the Planning Director or designee may in writing authorize use of a portion of the required landscape setback, or the conversion of one required vehicular parking space for on-site, short term bicycle parking. , , , ~ - `Specific_Development No. 30 is hereby repealed in_its entirety. Specific Development No. 37 is hereby repealed in its entirety. Specific Development No. 47 is hereby repealed in its entirety. Specific Development No. 71 is hereby repealed in its entirety., , . ~ - Page 11 of 11 ' ~;a' ~ ~R f ~ Tlr I ~•N~ ~ ~ ~ h,~ ',t fir' 1 r&1 ~i~ ' ~ r f A ~ ~ ~ ~ ~ u ~u ~ r °u r. a . , q o ` ,~rw , ° ~ 1!Flrl ~ i~. f r . r , Flw..~, ~ . r ~ ~ ~ ~ ~ ~ ~ ~ , 1 r, 1:~ ~ r: 4 Y pp rr~•P'y I~' ~ n r'~., ~ r ~ x w, ~ C.... r ~ ~M . ~ r ~ :..................................................................................................................................................................................................................................................................................e............. , r, d ~5 ~ , z L'.P ' rF ` ~ ~r i ,F ~y ~ ~ ~ fJ ~y ~Y' P, f., ~ wwvli f f,, J F.. n ~ f f, ' ~ f f d" F ~ f - ~ M ~~.~L'. ~I Fqa i~~V~ ~..3:. a ~f ~dr ~.~~'rr I f ~ rr ar d: ~ f~/ F / I A ~ e x fF f~ ~.~TE IA '~.fS~F. 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J ~ ~ ~ I I 1 I I ) L 'H ST 17TH ST 17tH ST 17TH ST 17TH ST ¦ 17TH ST C1 C1 C1 C1 C5 C5 ~ SP3 SP3 SP3 R1 ~ ~ ¦ a a R3 R3 R3 R1 ~ R1 C1 J ¦ C5 ~ 16TH ST 16TH ST 1a = ? ~ C1 a „ R3 a 0 z LJ_I ~ a r Q N ~ DORMAN ST r ~ ~ > SP3 SP3 y SP3 R3 ~ R3 R3 ~ R3 N R1 ~ C2 o Q m N p o Fq/R R2 ¦ R1 ~ C5 15tH Si 15TH ST ~p~T@r F 15TH ST w tJ'J Fy M1 a R2 SP3 SP3 SP3 D ~ M1 R1 C5 C5 R3 R3 ' ,arHSr ~ „THST MZ ~ M2 y ¦ CS • SP3 R3 ~~aT R1 0 H UN1 UN1 ~ eq<N ~ C5 a SP3 SD19 R3SD19 SD19 RZ UN2 UN3 lIN1 UN2 WASHINGTON AU F WASHINGTON AV WASHINGTON AV SHINGTON AV SP3 ; SD19 SD19 UN2 z n 12TH ST m R3 ° SD19 N SD19 UN3 UN1 5 SP3 z ptAPV s UN2 UN1 z lIN1 SD19 SD19 ~ ~~V~"p5 2~ UN2 N ~ UN2 ~ 11TH ST R3 FT 9p p SD19 ~ 9` "OS SP' w SP3 SD19a SD19 UN2 ~pe~ a STAFFORD ST ~,~pP " 5P mrx sT SD19 °r oa ~ SP SD 91 n U ~^aSD19 L~ppeNS~" nUN1 ¦ TV o \ \ UN2 UN1 I~UL/ R3 I\ ~ y K SP3 SD19 SV Jp~c~55 ~ SD19 D19 ~ TV ° m~SP:SD19 ~ UN2 SD19 a v n ~ R3 9THST ~SD19 n UN2 FRDRST N z ~ UN2 ^ ¦ a SP3 S' P;SD19~ SD19 SD19 UN2 TVj y a e~~a U N 2 s a W " OP `PpNP A 92A ~ z BTH ST `~d~R UN2 5PC1 2~ 90 i w ¢ ~ Fa ° SP3 SP<SD19 SD19 2~~ UN2 UN2 UN2 yT 9` GC ¦ UNZa UN2 3 UN2 ~ ° :R DR w UN2 9~ SS UC w UN2 ?UN2 Ps~~O ~~~UN2 BR°~ ¦ iT DT UC ~ UC ~ SP~PP`' UN2 UN2\UC UC m UN2 6TH ST 6TH 5T bTH ST ~ ~ ~ N ~ N O IT a DTUC UC ~ UC ~ UN2 UN2 ~ UN2 ~ UC ~ ~ DT a DT DT ~ ~ " UC Z " 5TH ST ~ a 5TH ST N OS 6T U C ~ F a Q UN2 UN2 Z C1 ~ DT ~ UN2 a' UC UN2 ~ a a ~ DT " DT DT UN2 ~ UN2 UN2 w C2 m DT ~ UN2 UN2 4TH ST 4TH ST 4TH ST 4TH Z ~ DT ~ UN2 UN2 o w CDR DT z DT UC OS = UN2 w CDR C2 Q ] DT OS ~ UN1 UN1 a m UN2 ;DST 3RD 5T 3RD ST 5R0 ST ° N m UN2 o UN2 ° DT ~ DT UN1 a UN1 UN2 z H: UN2 UN2CDR ~ C2 a DT " ~ " 2ND ST 2ND ST " 2ND ST 2 m r UC UN1 UN1 o UN2 UN2 UN2 C T UC UC CDR CDR a CDR CDR CD ° ~ 1ST,ST 1ST ST iSTiST r1ST ST F ~ nn= ~.nn nI CZn CZ ;~1=~1 ~n n• n1~n nIKJ l ST. M 1 Overlay Zone ® M2 Overlay Zone SECTIONAL DISTRICT MAP 7-5-9 SCALE IN FEET ~ , ADOPTED BYTHE SANTA ANA CITY COUNCIL, SEPTEMBER 2,1958 BYORDINANCE NS-341 0 1DOo 6O- MINIMUM FRONTAGE -6000 MINIMUM LOT AREA Al GENERAL AGRICULTURAL C-SM SOUTH MAIN STREET COMMERCIAL DISTRICT UN-2 URBAN NEIGHBORHOOD 2 -B PARKING MODIFICATION -F FLOOR AREA RATIO PRD PLANNED RESIDENTIAL DEVELOPMENT rHISMAPISrHEOFFICIALSECrioNAL C1 COMMUNITY COMMERCIAL GC GOVERNMENT CENTER R1 SINGLE-FAMILY RESIDENCE DISrRICrMAPOFTHEarvoFSANrAANA. AS AUTHORIZED BYCITYCOUNCIL C1-MD COMMUNITY COMMERCIAL-MUSEUMDISTRICT M1 LIGHT INDUSTRIAL R2 TWO-FAMILY RESIDENCE RESOLUnoNNO.74.163,DArED11-1sa4,1 C2 GENERAL COMMERCIAL M2 HEAVY INDUSTRIAL R3 MULTIPLE-FAMILY RESIDENCE HEREBYATTESTTHATTHI5MAP15ATRUE COPY OFTHE ORIGINAL SECTIONAL DISTRICT DT DOWNTOWN CDR CORRIDOR R4 SUBURBAN APARTMENT MAP N0.7-5-9. UC URBAN CENTER 0 OPEN SPACE RE RESIDENTIAL ESTATE Signed C4 PLANNED SHOPPING CENTER -OZ OVERLAY ZONE SD SPECIFIC DEVELOPMENT JAYTREVINO EXECUTIVE DIRECTOR C5 ARTERIAL COMMERCIAL P PROFESSIONAL SP SPECIFIC PLAN PLANNING&BUILDINGAGENCv CR COMMERCIAL RESIDENTIAL UN-1 URBAN NEIGHBORHOOD 1 TU TRANSITUILLAGE Ma 9 X007 Certificate Date Y RES. / A.A. / ANX. NO. ORD. /RES. NO. ADOPTED DATE RES.IA.A.(ANX.NO. A.A.997 A.A.iD12 A.A.1026 A.A.1029 A.A.1D52 A.A.95-7 A.A.96-5 A.A.96-6 A.A.96-9 A.A.98-16 A.A.99-7 A.A.03-1 A.A.03-2 ORD. l RES. N0. NS-195D NS-1983 NS-2013 NS-2036 NS-2139 NS-2277 NS-2307 N5-2302 NS-2308 NS-2381 NS-2411 NS-2524 NS-2630 ADOPTED DATE 3-14-88 12-19-88 7-17-89 11-20-89 8-19-91 12-4-95 12-2-96 10-1-96 12-2-86 1-19-99 12-6-99 3-3-03 9-2-03 RES.IA.A.(ANX.NO. 5977 6044 A.A.754 A.A.769 A.A.790 A.A.792 A.A.794 A.A.813 A.A.858 A.A.870 A.A.873 A.A.874 A.A.879 A.A.885 A.A.907 A.A.926 A.A.933 A.A.944 A.A.957 A.A.959 A.A.970 A.A.983 A.A.989 A.A.994 ORD. l RES. N0. NS-1105 N5-1193 N5-1344 N5-1386 NS-1428 NS-1430 NS-1433 NS-149D NS-1600 NS-1621 NS-1643 NS-1663 83-37 N5-1724 NS-1764 NS-1785 NS-1797 NS-1830 N5-1854 N5-1863 NS-1887 N5-1897 N5-1931 NS-1943 ADOPTED DATE 1.17-72 12-17-73 1-17.77 11.7-77 6.19-78 7-11-78 8.7-78 7-2.79 10-26.81 1-18-82 9.7-82 12.20-82 3-21-83 4.2.84 3.4-85 7-1.85 9-17-85 1-2D-86 7-7-86 8-18-86 2-19-86 6-13-87 9-21-87 1-21-88 ~ , ~ ~ ~ • , or PREPARED BY THE PLANNING DIVISION CITY OF SANTA ANA, CALIFORNIA O REVISED 5/17/09 SEVENTEENTH ST. U U UU l J UU U~ ~U ~ ) c' J w l C1 JU ST 17tH ST 17TH ST 17TH ST 17tH ST 17TH ST C1 C1 C1 C1 C1 C1 C5 C5 S " a ~ ~ ~ SP3 " w ~ 0 a w z 16TH ST 3 ~ ~ " " ~ ° " " " SP3 w SP3 a r R1 ~ R1 w a ~ ~ N a a m ° m o 15TH~~ ~ R1 R3 d' R3 ~ ~ z m ; " R2 " ~ ~ " w ~ R3 o R3 S SP1 R1 15TH ST 15TH ST 15TH ST 15TH ST w R1 " ~ ° S ~ " L S y N N R3 l/1 ° 2 W K > N Q R2 0 R2 ~ R1 R1 w R1 o R1 a R1 R2 o R3 ~ R3 ~ O R3 SP3 SP3 SP3 • 0 " w " 3 W a a tr °F " W 0 Q tl ~ m F " a R3 WASHINGTON AU WASHINGTON AV _ WAS .P1 R2 R2 S w R2 R2 R2 P P R2 SP3 ~ [ o ~ 8P3 p ~ LINE ST F ~ F " P R2 SP3 ~ " iP1 R1 Z R1 ~ R1 w R1 2 ~ R2 N a R1 w 3 a a ~ " HALESWORTHST SD75 SP3 „ p R2 R2 ~ R2 P w a a iP1 ° R1 m R1 ~ P R2 w R2 SP3 SP1 R1 ~ 10T 10TH ST 1NTH 10TH ST m " hgT w w m w 10TH ST 10TH ST ° 2 N N ~ iP1 R1 ~ P a P o ~j U I R1 R1 R1 R1 R2 a P P Z W m z a P P P SP3 0 .P1 SD2D SD20 P m SP3 W SP3 Z R1 SD20 SD2D SD20 SD20 ~ " p " a m ° gYIC CENTER DR CNIC CENTER~DR m " P P o P1 C4 C3 .SP1 " " GC CIVICCENTERDR " N 0, y R1 m R1 y GC UC DT D IP1, m GC N SANTA ANA 6LUD 6TH ST 5TH ST " p o UC UC P1' SP1 R1 R1 ~ UC o DT a J ~ DT DT f+ ~ m 5TH ST GC a' 5TH ST J ~ R1 ~ R1 Z w Z ~ P1 SP1 a GC UC DT a DT Q 11~^ ~ R2 m P N OS a N =1 SANTA ANA BLVD rc 4TH ST m ~ ~ P Z ~ DT DT DT iP1; SP1 R2 P P R1 P SD55 P a P DT m DT DT [ J m 3RD ST SRD ST 3RD ST 3RD ST 3RD ST C1 DT w; _ DT DT J1 SP1 R2 P P ~ OS DT = , YNDST 2NDST ° 3 SD13 SD2 SD39 m PNDST N ~ P P DT w P1 w SPI I1 R2 R2w~ SD18 LL N SD1 UC ~ UC DT J m C1 m C1 C1 " 1ST ST 1STST U r~ r r~ rUU ~ U FIRST ST. SECTIONAL DISTRICT MAP 12-5-10 SCALE IN FEET ~ , ADOPTEDBYTHESANTAANACITYCOUNCIL,JULY20,1959BYORDINANCENS-381 0 looo 6O- MINIMUM FRONTAGE -6000 MINIMUM LOT AREA Al GENERAL AGRICULTURAL C-SM SOUTH MAIN STREET COMMERCIAL DISTRICT UN-2 URBANNEIGHBORHOOD2 -B PARKING MODIFICATION -F FLOOR AREA RATIO PRD PLANNED RESIDENTIAL DEVELOPMENT THIS MAP ISTHE OFFICIAL SECTIONAL C1 COMMUNITY COMMERCIAL GC GOVERNMENTCENTER R1 SINGLE-FAMILY RESIDENCE DISrRICrMaPOFTHEarvoFSANraANa. Cl-MD COMMUNITY COMMERCIAL-MUSEUMDISTRICT M1 LIGHT INDUSTRIAL R2 TWO-FAMILY RESIDENCE AS AUTHORIZED BY CITY COUNCIL RESOLUTION N0.74-163, DATED 11-18-74, I C2 GENERAL COMMERCIAL M2 HEAVY INDUSTRIAL R3 MULTIPLE-FAMILY RESIDENCE HEREBYATTESTTHATTHISMAPISATRUE DT DOWNTOWN CDR CORRIDOR R4 SUBURBAN APARTMENT coPVaFrHEORIGwALSECnoNALDISrRICr MAP N0.12-5-10. UC URBAN CENTER 0 OPEN SPACE RE RESIDENTIAL ESTATE Signed C4 PLANNED SHOPPING CENTER -OZ OVERLAY ZONE SD SPECIFIC DEVELOPMENT 1AYTREVINo EXECUTIVE DIRECTOR C5 ARTERIAL COMMERCIAL P PROFESSIONAL SP SPECIFIC PLAN PLANNING&BUaDINGA~ENCv CR COMMERCIAL RESIDENTIAL UN-1 URBAN NEIGHBORHOOD 1 TV TRANSITUILLAGE Certificate Date October 11, 2D07 RES.IA.A.lANX.NO. A.A.1059 A.A.1068 A.A.96-3 A.A.96-9 A.A.98-5 A.A.03-2 A.A.06-5 ORD. I RES. N0. NS-2177 NS-2229 NS-2287 NS-2308 NS-2357 NS-2630 NS-2733 ADOPTED DATE 9-21-92 7-18-94 4-15-96 12-2-96 6-15-98 9-3-03 2-5-07 RES./A.A./ANX.NO. 6D44 A.A.736 A.A.753 A.A.795 A.A.820 A.A.841 A.A.842 A.A.843 A.A.854 A.A.869 A.A.883 A.A.886 A.A.911 A.A.949 A.A.965 A.A.961 A.A.1029 A.A.iD35 A.A.1036 A.A.1038 A.A.1046 A.A.1051 A.A.1052 A.A.1053 ORD. / RES. N0. NS-1193 NS-1299 NS-1341 NS-1431 N5-1505 NS-1557 NS-1558 NS-1563 NS-1591 NS-162D NS-1695 N5-1724 NS-1767 NS-1856 NS-1880 NS-1883 NS-2D36 NS-2059 NS-2057 NS-2068 NS-2109 NS-2137 NS-2139 NS-2147 ADOPTED DATE 12.17.73 2.24.76 12.28-76 7-11-78 10.15.79 12.8-80 11-17.80 2-17-81 7-2D-81 1-18.82 8-18.83 4.2.84 5.20-88 7.7-86 12.1-86 1-5-87 11-2D-89 4-16-90 4-2-9D 7-2-9D 1-22-91 6-17-91 8-19-91 8-19-91 RES./A.A./ANX.NO. 5245 5452 5451 5508 5523 5522 5534 5549 5557 5577 5580 5579 5600 5604 5631 5676 5740 5772 5819 5820 5865 870 58 3 5885 ORD. / RES. NO. NS-407 NS-476 NS-475 NS-527 NS-556 NS-553 NS-567 NS-579 NS-592 NS-616 NS-614 NS-621 NS-641 NS-649 NS-678 NS-728 NS-811 NS-842 NS-898 NS-899 NS-953 NS-960 NS-963 NS-971 ADOPTED DATE 11-2-59 10-17-60 10-17-60 9-7-61 1-2-62 1-4-62 2-19-62 6-18-62 7-2-62 10-15-62 10-15-62 11-19-62 3-18-63 5-6-63 8-19-63 5-7-64 6-21-65 4-18-66 11-6-67 12-4-67 1-20-69 4-7-69 421-69 7-7-69 0 ~ ~ ~ ~ ~ i PREPARED BY THE PLANNING DIVISION CITY OF SANTA ANA, CALIFORNIA O REVISED 5/17/1 D