NORTH BROADWAY HOUSING PARTNERS LP (C/O OF JAMBOREE AND WISEPLACE)

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1.1.3 "Affordable Rent Schedule" means a rent schedule established as of the date of issuance of an occupancy permit (exclusive of tenant utility payments or security deposits) for the required number/percentage of the total number of units in the Project which are to be rented or available for rent to Extremely -Low Income Tenants. Said Affordable Rent Schedule shall be established at the time of the issuance of the occupancy permit ("Initial Rent Schedule") and shall be created in accordance with Health and Safety Code section 50053(b), and shall be updated no less than annually. 1.1.4 "Affordable Units" means forty-seven (47) units, which shall be comprised of forty-seven (47) studio units for Extremely -Low Income Tenants. Any change to the number or distribution of Affordable Units is subject to City Manager approval. 1.1.5 "Agreement' means this Density Bonus Housing Agreement. 1.1.7 "City" means the City of Santa Ana, California 1.1.8 "City Council" means the City Council of the City of Santa Ana. 1.1.9 "City Attorney" means the City Attorney for the City of Santa Ana. 1.1.10 "City Manager" means the City Manager for the City of Santa Ana. 1.1.11 "City's Planning Commission" means the Planning Commission for the City of Santa Ana. 1.1.12 "Density Bonus Housing Agreement Term" means the period during which this Agreement shall be in full force and effect, as provided for in Section 6 below. 1.1.14 "Developer" means North Broadway Housing Partners LP and its permitted successors and assigns to all or any part of the Property, Project or this Agreement. 1.1.15 "Effective Date" means the date the Developer and the City shall record or cause to be recorded in the Official Records for Orange County, California, an executed original of this Agreement, pursuant to section 4.1 herein. 1.1.16 "Eligible Household" means a Household whose income does not exceed the qualifying limit for an "Extremely -Low Income Tenant" as defined herein. 1.1.17 "Extremely -Low Income Tenant" means persons and families whose income does not exceed thirty (30%) of the area median income for the Orange County, California Primary Metropolitan Statistical Area ("PMSA"), adjusted for household size, as published by the California Department of Housing and Community Development ("HCD"). 1.1.18 "Household" means all persons residing in a Unit. 9138-126780\1517029,2