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1 <br />2 <br />3 <br />4 <br />7 <br />5 <br />7 <br />9 <br />9 <br />0 <br />.1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />a <br />9 <br />O <br />'1 <br />2 <br />23 <br />4 <br />5 <br />6 <br />8 <br />9 <br />0 <br />�1 <br />:2 <br />Recipient: City of Santa Ana California Grant Number: B-84-AA-06-0615(P) <br />Continuation Sheet ---Exhibit C <br />(c) invest not less than 19216.587 in cash equity and land valued at $216.357 <br />in the development of Project Element B; <br />(d) borrow from Recipient not more than $90,000 of Grant Funds for financing <br />the development of Project Element B; and <br />(e) unconditionally and irrevocably guarantee the repayment of'the aforesaid <br />WAG Loan and the completion of"Project Element B within the timeframe hereinafter <br />set forth in Exhibit F to this Grant Agreement. . <br />uz <br />Ceballos shall: <br />(a) complete Project Element C on Project Site C at a total cost of not less <br />than $570,485 of which not less than $224,400 shall be private loan funds, not less <br />than $96,647 shall be Agency loan funds, not less than $213,438 shall be Ceballos' <br />equity funds and up to $36,000 shall be a loan of Grant Funds; <br />(b) borrow from Developer not less than $224,400 for financing the <br />development of Project Element C; <br />(c) invest not less than $88,068 cash equity and land valued at $125,370 in <br />the development of Project Element C; <br />(d) borrow from Agency at least $96.647 in Agency loan funds for financing <br />the development of Project Element C; <br />(a) borrow from Recipient not more than $36,000 of Grant Funds for financing <br />the development of Project Element C; and <br />(f) unconditionally and irrevocably guarantee the repayment of the aforesaid <br />UDAG Loan and the completion of Project Element C within the timeframe hereinafter <br />set forth in Exhibit F to this Grant Agreement. <br />IV <br />Escalante shall% <br />(a) complete Project Element D on Project Site D at a total cost of not less <br />than $183,410 of which not less than $99,457 shall be Agency loan funds, $72,953 <br />shall be Escaiante's equity funds, and up to $11,000 shall be a loan of Grant <br />Funds; <br />(b) borrow from Agency at least $99,457 in Agency loan funds for financing <br />the development of Project Element D; <br />• Page 2 of 3 <br />EXHIBIT C' <br />