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regulation, or any permit, approval, authorization, license, ari a n or p urm i s si n required b any govern men tal authority Navin g a uri di Lion. "Escrow"is defined in Section 201. " scro w Agee t" i s d efined in S cc tion 20 1. 'Evidence of ConNtruction Financing" means evidence of funds adequate in the reasonable judgment of the Agency Executive Director, to construct and operate or market and ell, as applicable, each Phase of the Developer Improvem nts. 'Evidence Permanent Pimp ci g for the Rental Portion of iz a Project's man evidence of a permanent loan for Phase -1 and/or Phase R-2, as applicable, in an amount not to exceed t h amount necessary to take out the construction loan for such Phase. "Exceptions" is defined in Section 202 hereof. "Extremely Low Income" and/or 'Extremely melt' Low Income o s lie s" shall mean extremely lour income households as defined in Health & Safety Code ti o n 50106. "'Final Pli is i Closing Date" means the last date the final Closing with respect to Phase FS may occur. ""For-Sale Portion of tiz a Project'' means that portion of the Project that consists of the For-Sale Units is i n lu di ng the Affordable For-Sale Units). The For-Sale Portion of the Project consists of six lots as identified on the Site Map and shall be constructed in multiple phases:, and shall include any Additional Properties designated for For-Sale Units which are added to the Project pursuant to Section 207 hereof. The Affordable For-Sale Units shall be located within the For-Sale Portion of the Project. "'For Sale Units)" means the Housing Unit (s) (inclusive of the Affordable For -Sale Unit that shall be constructed and developed on the For-Sale Portion of the Project pursuant to and consistent with the terms of this Agreement. A total of approximately thirty-two For- Sale Units plus the For Sale Units to be o ns tru ted on the Additional Properties) shall be constructed and developed by the Developer, inclusive of the ffo rd a hl For-Sale Units. "Governmental a it ts" means all laws* ordinances, statutes, codes, rules, regulations, orders and decrees of the United States, the state, the county, the City, or any other political subdivision in which the Site is located, and of any other political subdivision, agent or instrumentality exerising jurisdiction over the Agency, the Developer, the Developer Improvements, and/or the. Site. "Grant Deeds)" mans the grant deeds for the Conveyance of each Phase from the Agency to the Developer or its permitted assignees), in the form of Attachment No. 3 hereto which is incorporated herein by reference. " ara tor" i s d efined in S cc tion 204. l (h). 6 DO0 1 400673 0 4!200272 -000 1