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paI'tion of tl?e Site puI•sua??t to this ??+?elner?t ??ill h? ?f herre?it to the ?e???'? ?rl??'ed P?'oj??t, <br />the PI•o?ect area al?d its i?ilrabita??ts ?? well as the remair?del' of tl?e cornlrlklr?It?. <br />?, The Prejeet i vital to a??d i?? tl?e best ?ntel•est of tl?e pity al?d t??e health, safety and <br />welfare of its residents, and rs rn accor'da??ce ??ritl? tl?e pk?hlic puI'poses of applicable state and <br />local laws ?Ird regk?Ire?nents. <br />??'', T???`??, for' al?d IIl cel?slderatior? of tl?e ?l?kltkl?l prot?ics, Co?etiatat, and <br />eor?clitiens he?'ein cHtained, the parties la?•eto aI•ee as folo??s? <br />BUD, D??`I?TI?? <br />"Ab???e???ef??I?epa???" is defined its Sectiot? 2069, <br />"?fr?c?? .t?o???er?e" ?r?ea??s tie actk#al kl?ov?rlede of tl?e Agel?c? ?xeckrtl??e ?rrector' <br />at?dlot` rlllan? Itte of tl?e ?e?elaper, ??rtlla??t C?klt? of fk?r'tl?er rnc?ulry or' il??estiatiot?. kith <br />respect to developer', tl?e idel?tit}? of the afficer to ???l?ol? ach?al kt?o?vlede is att?•ibklted ??.a? <br />change k1p0I? ?Il? trat?sfer h? Deveope?' p?rx?sx?ant to Sectio?? X02, And such cl?al?ge shall be set <br />forth in tl?e instrklt??et?t s?t?ed by tl?e Ae??e? r'eleasil?g developer as CQI1tet?Ip?at?d. b?? Section <br />?02??? <br />"?id??iiia?ra? ?'r?a?e?i?ies}' rneal?s certain pI'eperties o??ned by thi?•d patties as sho?v?? on tl?e <br />Site Niap that the .et?cy tr?a?r acq?zi??e a??d ??v??ich will, if ac?k?i?•ed prior to ?i} ?ritl? respect to <br />Phase FS ??itl?in forty»five X45} days of tl?e date of Areelne??t ?II? ?vrtll ?•espect to Phases R-1 <br />a?ad R-?, at least forty-fi??e X45} dad? prior t? the date of al?y subinissiot? ?f a Tax credit <br />appllcatlo?l to TAB be included ?n the or?ve??al?ce ???itl? respect to sk?ch Phase, <br />`??lr?t?r'?r'ot?c?? ?P???er??r'es o?r'??" ?s defined ??? Sectiol? 207, <br />"? f f o????rr?r'?i?,t? .?e??rac?" as to a Re??tal C????t ? def llled ??1 Secflot? 401,2, al?d as to an <br />ffordal?le >?ar-Sale ?I]It IS defil?ecl Ire Section 42,3. <br />;`A, fo?,da?I? ?'o???`???e ?I??if?s)" ???eans a For?Sale [???it boa, n?k?ltiple ?oa??ale ??its? that <br />islare restricted at?d sold b? tl?e De?rloper to ?4oderate Il?corrle Households pl?rsk?ant to al?d <br />cot?sistet?t ?v?tl? tl?e ter??s oft??s Agl?ee?r?ent? <br />"?? f?o??r??t?? ?a?rsi?? C'os?" n?eans the tr?axitrlk?zx? pk??'cl?ase p?•ice of air ?ffo?•dahle <br />Fay'-Sale 111?it b? a Nladerate ?nco?r?e Ho??sel?od pk?rsual3t to Health Safet?? bode <br />Sectiol? 50??2.?. <br />?`?i,?fa?+du??e e?rf" means the rnaxirnuln Inol?tllly rent cl?ar?eable foci a Rental L???it as <br />described in Section 4? 1, 5 . <br />"?#e?tc?;" Iean tl?e olnln????ity ?ede?elapl?ent Agency of the pity of Sat?ta ???a, a <br />pk?blic body, corporate al?d poiltlc, exer'cisirlg go?ern?rlental fkal?ctiol?s and powers and organised <br />and existing kinder l?apter 2 of the or??rn?rn?t? Redeveloprner?t 1Ja?v of the State of alifor'nia, <br />al?d any assignee of ??• sk?ccesso?• to its r4ights, powers anc responslbriltles, <br />3 <br />D?????ll ?00?73??? 31?????2-??? 1