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EXHIBIT 1 AK <br />"City's Percentage" with reference to the Residual Receipts, shall mean aggregute <br />percentage of twenty -:even percent (27%) of the total Residual Receipts li-om the <br />Property. which shall be applied to the HOME Luau, CDBG Luan, and <br />htclusionary Loan, as fitrtha described its Section 5 hereof." <br />5_ Section 5, Annual Loan Repayment/Residual Receipts, subsection (d), in Exhibit <br />D, First Amended and Restated Tndusionary Promissory Note, of said CDBG <br />Loan Agreement shall be amended to replace the residual receipts matrix with the. <br />following: <br />SOURCE <br />PERCENTAGE <br />CDBG loan <br />1.64% <br />HOMh: Loan <br />8.64% <br />htclusionary I lousing Loan <br />15.70'%, <br />Slate of California Housing and C�>mnumity <br />Development Affordable I lousing Loan <br />16.25"/0 <br />Ca111FA SN11P Loan <br />7.77'%r <br />TOTAL <br />50.000/1 <br />(i_ Exhibit F, CDBG Promissory Note, of said CDBG Loan Agreement shall lie <br />amended to delete. the definition of"City Shard' in its Cntircty ant] replacc" it] i <br />the follo" ing: <br />"City's Percentage" with reference to the Residual Receipts, shall mean aggregate <br />percentage ol'[wen ty-seven percent (27%) ofthe total Residual Receipts 11-mil the <br />Property, which shall be applied it) lLc HOME Loan, CDBG Loan, and <br />luchtsionaty Loan, as hlrther described in Section 5 hereof." <br />7- Section 5, Annual Loan Repayment/Residual Receipts, Subsection (d), in Fxhibit <br />F, First Amended and Restated CDBG Promissory Note, of said CDBG Loan <br />Agreement shall be amended to replace the residual receipts matrix with the <br />following: <br />SOURCE <br />PERCENTAGE <br />CDHO Loan <br />1.64% <br />TTOMF Loan <br />8.64'%r <br />hu:lusionary Housing Loan <br />15.70% <br />SLne of Calilimtia Housing and Community <br />Development Affordable Housing. Loan <br />16.25'% <br />CaIHI'A SNHP Loan <br />7.770/r <br />TOTAL <br />50.00% <br />City Council 29 — 8 6/15/2021 <br />