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?eacll, ? "Tax credit Pal'tnel'st?ip"? in ??r?lict? the developer {or lilrl?ted liabili?? C?l?lpall? il? <br />which The Related ompal?ies of aliforrlia, ?L, directly al' ?r?dia`ectl?? owns ? controllit? <br />irlterest? is a erler"l p?r?#?er` ar4 ??nan?ing member". Affordable Ho?r??n ???ess, inc. for a <br />l?rrl?ted ltabllrt? camparl? lrl hlcll Affordable Ho?asirl Access, ?nc? is a lrlanain I?en7ber'? is <br />llcl'c?l? pre-approved as ? gex?eral partner or' lrra??atng member of any sucll Tax redlt <br />Pal'tnersllips, <br />?b? At?? grant by a Tax 1'edit Partnersllip of a purcllase optiol? alldlol• <br />1•ight of f ir?t refirs?l of its r'lllts In and fa ?'l??se Rr 1 andlo?" Phase R?? to affi 1 fates of The Related <br />on?panies ?? alifarnia, ?L andlar Affordable ?o??sil?g Access, ???c, or the tra?xsfer of Phase <br />R-? arldlor Phase ?-2 p«rsua??t tl?e?`etai <br />?c? The collve?rallce or dedication of and par'tion oftl?e Site to the pity <br />or` otller` apprap?'?ate govert?t?ler7tal agency, or the granting of easements or per'lrlits to facilitate <br />constructioll oftlle Developez? Itnpro?ements. <br />?d? All requested assignlz?ent far fit?at?cit?g purposes ?sr?bject to suer <br />financrt? be?l?g col?sidered and approved b?? the Agel?cy p?zrst#ant to section ? 1 ? lle?'eitl?, <br />illcl??dill tllc grant o? a deed of trr?st to secul'e the funds llecess?r? fol' construction alld <br />perrnarlerlt fl11?lllcill ofthe Developer Ixr?pro?elrlel?ts, <br />?e? subject to the provisions of t??is A?`eetnet?t, the leasing of Rental <br />?t??ts to grlalified persons and llausellold ill the normal course o bus???ess? <br />? Subject to the provisiar?s of this Areerllent, the sale of F'ol'-Sale <br />?r1rt?S? ?? qualified per`solls and households ??? tl?e i?or{mal co>`?rse of b?rsilless, <br />?? All Transfea' of the For-Sale Pal•tiorl of tl?e Project and the <br />cor?`espondi?? rights and obligatiar?s of this Al'e?117c11t relatillg tD P?aase F and the For»a?e <br />Portion to pity dentures, PLC, a Delaal'e llllllted llablllt? COlYlpan? for` a li?nited ?ia?iit? <br />cornparl? in ???lllcll ltd ?el?tures, ??? or an e??tity cantl'alled b? City ?erltul'es, LLB is the <br />11]anc?glllg lllelllbel` alld, dlr`ectl? Q?` l??dl?"eCtl?, o??r]s ? contr'alling lllter'est? ?"arty ?ell?€?r'es"?, <br />provided that ?it? dentures assumes all of the provisions of tl??s DDA that relate to a??dlor <br />c?I?CC?`?? the FDa'?Sale Port?orl of the Pl'o?eCt pursuant tD an as11117pt1D11 agi'ccI'n?nt for' ass??a?ent <br />arld assurnptloll arernerlt} that is sr?brnitted to and appra??ed by file Agency Executive Director`. <br />?Ot?vltllstarldll]g all?tlling t? ???? c?ntl'ar'?' cot?talned to thrs Agr'eerrrent, ar' <br />otl?er'?vise, ??pox? at?? Tral?sfer car?templated by ectiorls ??,?a? or fig} above, file Agency slla?l <br />release and for`ever4 discharge the Developer fr'arn illy ftlr'tll?l` lrabrllty or' obligation ?vitll respect <br />to the obl?ga?larls rrrlder' tllis Areernellt as to tl?e Phase to which such assignments} relate, <br />?vhicl? release shall include, ??itha?rt lirrlitatiorl, release ullder' Sectlorl ?2 oftlxe California civil <br />bode, The Agency shall provide srrcl? release ire ?vl'iting concurrent with srrcll assigrlnlent or <br />Transfer' hand it relay be set for`tll ill and applicable I???plel??entatiorl Ar'ee?nent associated ??ith <br />tl?e Phase to which release 1'elates?. ?r+om and after` illy assigl?mellt or Trallsfel` underi <br />ectiorls ??2,??a? 0?4 ??, for all prrr'pases of the Please to ?vl?lch such asslgnlller?t or Tra.llsfel` <br />relates render this Ar`een?ent ?alld file Attac??l?ex?ts) the tei't?? `?De?reloper" shall tl?e?'eafter ?neal? <br />? aC0?114?0673?R ? 31???2'?2-??? ? <br />??