80A - JOINT PH - TRANSIT ZONING CODE, FINAL EIR, SPECIFIC PLAN ETC. - ORIGINAL PACKET PROVIDED TO COUNCIL

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accordance with Sectiot? 207. The Segura Pat'cels al?d atr? such Addif?anal Properties so lrrc?uded p??r'suatrt t? Section 207, togetller with the Agelrc? Pat'cels ?'? referred to herein as the ?` lt?f" ', By this ?greetrrex?t, and Etb jest to the ter'rrrs and cox?ditions herein, the Agency desires to tr'ansfer' the lte t? the Developer, The De?elapel` desrr'es to constrElet on the S1t? affordable rental lro??sing that will be a?railable to arrd occ€?pied b? persolrs acrd families of ver'?f law irrcatrre acrd extrelnel? low itrcon?e, affordable far'-sale lrousilrg that will be available to and occ??pied b? pe?'sorxs and fat?rilies afrrraderate irrcolrre, a??d ?ta?•l?et rate far-sale housing that will be available t? all b?z?ers, pursualrt acrd sEtbject to the ter't?s and cotrditiarrs set far'th itr this A?'eet??et?t at?d firr?lrer' described itr the Scope of]?e??eloptrrelrt the "Project"?? ?? This Arectrtel?t is lrr ful'tller'arrce of and supersedes, with r'espcct to the Site, the PED??EL?P??VT AR?E?II1??' ]??STIT A?T?I? P?AN? at?d P???]??TEL?PET AREEII?I?NT-AE?Y PALS between the parties hereto alyd both dated I?ecerrtber 7, 2009, ?, Tire Site will be colrve?'ed to Developer acrd developed i?r three separate phases ?"Phase ?- ? #?? "Phase ?-?" ?lyd Plrase ?"? pl?t`Llatlt to the ter'nrs of tlrls Agr`eetr?e??t. Pl?asc ?- at?d Phase R-2 shall both cotrsist of affordable rc?rtal 1raElsilrg that is a??ailable to and occEtpied b?' persolrs at?d fatr?ilies of ver"Y 1???' lrlcame acrd extr'etr?el? low itrcalne. phase ? stroll consist of fol'-sale lro?xsit?g, a po?`tiort of?vhich shall be available to a??d occElpied b? persarrs acrd farnllles ?f trrader'ate irreatne, aclr phase rrra? ?1t11?Ze ? S?n't?wlrat drffer'erlt acrd separate fi??atrcin trrlctrtr'e as provided itr rrrar'e detall llr tlrls Agreelxte:rt acrd as rrra? be fttr'tlrer' itnplelnetrted alyd clarified irr oz?e or ??roz`e ?n?pletnelrtatran A1'eerrrerrts ?defilred i?r Section ? 0?}, each phase rna? clOSe separately ira wl?ticl? case the terrrrs set Earth lrereilr for ??os?n acrd sEtbseq?terrt de?'elopr?rerrt shall apply' to each Phase, ?. The parties acktrowledge and agree that the financing alyd other te?`r??s set far?th in this Ag?`cet?reirt i?]a? require adjEtstmerrt to elrs??t'e teat tlrc Project ?tnclUding each Plrase tlrel'e0f} is developed and operated in a trrarrrrer r'easotrably acceptable to the Agency acrd finatrcially feasible far' the Developer'. Therefore, its tl?e event ??? the Developer' is required to find alter'lrate financing sources for the develop?r?e??t a??d aper'ation of airy for all} Pl?ase?s? of the Project, ?ii? ox?e or trrore Phases are s?lbject to a Transfer4 prt?'sEtant to Sectiarr ?D2 her'eof ?otlrer4 tlratr transfers per???itted pEtrsEtalrt to ect?alr ?a2,2?, atrdlor viii} the terlrts of this Agt+eetrletrt as to alre ar tnar'e Pllase{s} of ???? Pl'Oject otlret?wise recluir'es adjrlstlnerrt, the parties trray tregatiate, as rrecessar??, in good faith acrd reasozrably consider enter'irrg ilrto acre oz` snore additional It?rplenre??tat?o?? ?.rectrrcr?ts far each Phase oftlre Pt"oject? ?, A pot`tio?r of tlae Site is located aErtside the Project ??`ea; however, separately Agerrc?? and its legislature body ?i.?., ??? ??ty ?Etrrcll Of the rty? llave detel`lnilrcd that tl?e co?rveyance of the Site specifically, that por'tiolr of the Site that is located o??tside the Project ?t'ea? by the ?.gency to the Developer' and the Derre?oper's constrrrcttan atld de?'elaptrrent of tine Project pur'suarrt to this Agl'eetrrerrt will b of benefit to the Agenc?r's ?e??ed Pro jeer pursuant to Section ????4,2?g??t? of the CAL, with ?"expect to the pol`tlorr of the Site located wrtlrlrr ???? Praect area, the 1???eloper's canstructian acrd de?relopt??ent of the Pr'o jeer orr such ? + D4CSOCl? ??????4'1 J1 ?11?? i ?'???1