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TABLE OF CONTENTS <br />Page <br />100. DEFINITIONS AND INTERPRETATION ..............................................................................3 <br />101. Defined Terms ...............................................................................................................3 <br />102. Singular and Plural Terms ...........................................................................................10 <br />103. References and Other Terms .......................................................................................10 <br />104. Exhibits Incorporated ..................................................................................................10 <br />200. PROJECT BUDGET ...............................................................................................................10 <br />300. DEVELOPMENT OF THE SITE ........................................................................................... 10 <br />301. Scope of Development ................................................................................................ 10 <br />302. Design Review ............................................................................................................ 10 <br /> 302.1 Developer Submissions ................................................................................ 10 <br /> 302.2 City Review and Approval ........................................................................... 11 <br /> 302.3 Basic Concept and Schematic Drawings ...................................................... 11 <br /> 302.4 Revisions ...................................................................................................... 11 <br /> 302.5 Defects in Plans ............................................................................................ 11 <br />303. Land Use Approvals .................................................................................................... 12 <br />304. Schedule of Performance ............................................................................................ 12 <br />305. Cost of Construction ................................................................................................... 12 <br />306. Reserved ...................................................................................................................... 12 <br />307. Completion of Project ................................................................................................. 12 <br />308. Rights of Access .......................................................................................................... 12 <br />309. Compliance With Laws ............................................................................................... 12 <br /> 309.1 Prevailing Wage Requirements .................................................................... 13 <br /> 309.2 Section 3 Compliance .................................................................................. 14 <br /> 309.3 Liens and Stop Notices ................................................................................. 16 <br />310. Release of Construction Covenants ............................................................................ 16 <br />311. Financing of the Improvements .................................................................................. 16 <br /> 311.1 Approval of Financing ................................................................................. 16 <br /> 311.2 No Encumbrances Except Agency recorded documents (Deeds of <br /> Trust/Affordability Restrictions on Transfer of Property) ........................... 17 <br /> 311.3 Holder Not Obligated to Construct Improvements ...................................... 17 <br /> 311.4 Notice of Default to Mortgagee or Deed of Trust Holders; Right to <br /> Cure .............................................................................................................. 17 <br /> 311.5 Right of the Agency to Cure Mortgage or Deed of Trust Default ............... 18 <br /> 311.6 Changes Requested by Holder ..................................................................... 18 <br /> 311.7 Subordination of Affordability Restrictions ................................................. 18 <br />400. [RESERVED] .......................................................... 19 <br /> ................................................................ <br />500. LOANS .................................................................................................................................... 19 <br />501. Agency Loan ............................................................................................................... <br />0 19 <br /> 5 <br />1.1 Amount and Purpose .................................................................................... 19 <br /> 501.2 Agency Promissory Note and Deed of Trust ............................................... 19 <br /> 501.3 Use of Agency Loan Proceeds ..................................................................... 19 <br /> 501.4 Agency Loan Terms ..................................................................................... 19 <br />502. City Loan ..................................................................................................................... 19 <br />DOCSOC/ I469583v5/200272-0003