80A - TRANSIT CODE AND STATION DISTRICT - EXHIBIT F

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l~ The Agency's financial assistance to the Praject, Including the Agency Loan and each HomebuyerAssistance Loan, gill be funded from the Agency's Housing fund; the Praject i not financially feasible vuithout the Agency's financial assistance; and Each qualified [~oderate Income Hor~ebuyer of an Affordable far-dale Unit that is to receive a Homebuyer Assistance Loan aril[ enter into a Harebuyer Loan Areement~rith the Agency substantially in the form attached to the Agreement a Attachment No.1 ~ ;and IlVith respect to the parkian of the Praject that is located vtirith~n the Project Area of the l~lerged Project, the acquisition, construction and operation of the Praject pursuant to the Agreement veil[ benefit the Project Area by providing affordable housing for persons rho currently five and ~rork v~ithin the Project Area; vuith respect to the portion of the Project that is located outside the Pro~ctArea of the IUlerged Project, the acquisitian, construction and operation of the Praject pursuant to the Agreementvuill be of benefit to the Merged Project; and L, The Agency has adopted n Implementation Plan pursuantto RL section ~4g0, ~rhich sets Earth the objective of providing housing to satisfy the needs and desires of various constituent eler~ents of the cvmn~unity~ and llll. The Agreement furthers the goals of the Agency set forth in the [mp[ementation Plan as it gill facilitate the creation of affordable housing hlch gill serve the residents of the neighbarhaod and the pity; and N, The Developer has submitted tv theAencyand the pity council copies of the Agreement substantially in the form submitted here~rith; and Pursuant to RL ectlon 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[aprnent puruantto the Redevelopment Plan upon a deterrr~ination by the pity council that such conveyance aril[ either assist in the elimination of blight or provide hauling for Io~r- ar moderate-incorr~e persons, that the consideration far such conveyance is not less than the fair rnarktvalue orfa~r reuse value of the bite in accordance Frith the covenants and conditions governing the conveyance vfthe bite and development casts required thereof, as vuel[ as the particular uses to be conducted by the Developer at the bite, and that the conveyance under the terns and conditions set Earth in the Agreement i consistent~rith the lmplementatian Plan v~rhich has been adapted by the Agency for the Merged Praject; and R~alution N~, ~00~-~~C~ Page 3 of