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forth in the Regulatory Agreement and the Management Plan which is required to be submitted <br />and approved by the Agency pursuant to Section 401.9. <br />401.4 Household Income Requirements. Following the initial lease-up of the <br />Rental tai Uai is in each of Phase -1 and Phase R-2, and annually thereafter, the Developer shall <br />submit to the Agency, at the Developer's expense, a summary of the income, household size and <br />rent payable by each of the tenants of the Rental Units of such Phase. At the Agency's request, <br />the Developer shall also provide to the Agency completed income computation and certification <br />forms, in a form reasonably acceptable to the Agency, for any such tenant or tenants. The <br />Developer shall obtain, or shall cause to be obtained by the Property Manager, a certification <br />from each household leasing a RentaJ Unit demonstrating that such household is a 'fiery Lour <br />Income Household or Extremely Low Income Household, as applicable, and meets the eligibility <br />requirements established for the Rental Unit. The Developer shall verify, or shall cause to be <br />verified b y the Property Manager* the i nc orne certification of the household. <br />401.5 Affordable Rent. The maximum Monthly Rent chargeable for the Rental <br />Units shall be annually determined in accordance with the following requirements. The Monthly <br />Rent for the Rental Units to be rented to Extremely Low Income Household s shall not exceed the <br />requirements of TCAC and the Monthly Rent for the Rental units to be rented to Very Low <br />Income Households shall not exceed the more restrictive of i TCAC or (ii) the amount set forth <br />in S eetion 5005 b of the California Health and Safety Code. <br />For purposes of this Agreement, "'Monthly en C' means the total of monthly <br />payments charged to and paid by tenants fora use and occupancy of each Rental Unit and land <br />and facilities associated therewith, h any separately charged fees or service charges assessed b <br />the Developer which are required of all tenants, other than security deposits, e a reasonable <br />allowance for an adequate level of service of utilities not included in a orb above, including <br />garbage collection, sewer, water, electricity, gas and other heating* cooking and refrigeration <br />fuels, but not including telephone service, vice, and d possessory interest, tars or other fees or <br />charges assessed for use of the land and facilities associated therewith by a public or private <br />entity other than the Developer. In the event that all utility charges are paid by the landlord <br />rattier than the tenant, no utility allowance shall be deducted from the rent. "'Monthly erg t" does <br />not include optional payments by tenants for opt ion al services provided by the Developer or the <br />Property Manager. <br />401.6 Occupancy Limits. The maximum occupancy of the Dental Units shall <br />not exceed more than such nu m h er of persons as is equal to the sum of the number of bedrooms <br />in the unit, multiplied by two , plus one (1). For the two bedroom units, the maximum <br />occupancy shall not exceed f ve persons. For the three bedroom units, the maximum <br />occupancy shall not exceed seven 7 persons. <br />401.7 Marketing Program. The Developer shall prepare and obtain Agency <br />Executive Director's approval, which approval shall not be unreasonably withheld, of a <br />marketing program for the leasing of the Rental Units within each Phase (the "Marketing <br />Program"). The leasing of the Rental Units shall he marketed in accordance with the approved <br />Marketing Fro gram as the same may be amended from time to time with Acvency Executive <br />Director's prior written approval, which approval shall not unreasonably be withheld. The <br />DOC S S 14 00 73v 14/200272 -000 l <br />