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FULL PACKET_2011-04-18
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FULL PACKET_2011-04-18
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Last modified
7/26/2016 1:18:05 PM
Creation date
4/18/2011 3:37:21 PM
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City Clerk
Doc Type
Agenda Packet
Date
4/18/2011
Destruction Year
2016
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(a) The Developer will be constructing <br />several models, plans, or types of Housing Units in the For - <br />Sale Portion of the Project. All of the Affordable For -Sale <br />Units will be (3) three- bedroom Housing Units. The exact <br />units to be designated as affordable will be subject to Agency <br />approval. The Developer covenants and agrees that all <br />Affordable For -Sale Units in all respects shall be the <br />same/comparable in terms of quality of construction, <br />amenities, materials, design, etc. as the Housing Units of the <br />same size and model that are designed, constructed, and sold <br />on the open market. <br />(b) The Age <br />buyer of a market Housing Unit <br />upgrades or improvements1< =? <br />purchase price for a Housin;#�' <br />and thus not necessarily,.Jfi le <br />�ir <br />Affordable For -Sale Units ft ( <br />acknowledgment modifies b% <br />obligation to provide first quatrt <br />as described <br />9. DDA Otherwise Unc <br />conditions of the DDA shall remain in <br />DOCSOC/1481239v3/200272 -0001 <br />4 <br />Exhibit 3 <br />ledges that a <br />3 e1ebf aid pay for <br />e -not incliYe3::in the <br />of the same °' :_and model <br />in a correspond <br />ping in the forego ` " ;, <br />ins the3eveloper's <br />"ie For -Sale Unfts <br />as expro! Y set forth herein, all terms and <br />SL unchaigisd by this First Amendment. <br />�96111_dN_`_ <br />
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