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Exhibits The fallowing exhibits, are attached to this Inclusionaryr Housing <br />Covenants Declaration and Incorporated herein by this reference: <br />1. Exhibit 1: Property Description <br />2. Exhibit 2: Occupancy Recertification Form <br />3, Exhibit 3: Notice of Intent to Transfer <br />4. Exhibit 4; Assumption Agreement <br />5. Exhibit 5: Notice of Intent to 'Sell <br />6. Exhibit 6: Notice of Extraordinary Sale <br />Extraordinary Sale means a sale of the lnclusionary Unit to a buyer who is not <br />an Eligible Purchaser, when an Eligible Purchaser has not been secured within <br />the timefrarmes required by this lnclusionary Housing Covenants Declaration, and <br />the City has opted not to exercise the City's Purchase Option, within the <br />timeframes allowed pursuant to this lnclusionary Housing Covenants Declaration. <br />Extraordinary Sales Price means the grass sales proceeds generated by an <br />Extraordinary; Sales executed under the terms included in Article 3 - Section III of <br />this lnclusionary Housing Covenants Declaration. <br />Fair Market Value means the value of the lnclusionary Unit under normal <br />circumstances in which the seller and the buyer freely negotiate the terms of the <br />transfer of ownership. The Fair Market Value must be established by a licensed <br />Beal Estate agent based on three comparable properties. <br />Gross Household Income means all income from whatever source from all <br />Adult Household members, which Is anticipated to be received during the 12- <br />month period following the date of the determination of Gross Income: The <br />applicable sources of income are defined in California Code of regulations Title <br />25 Housing and Community Development Section 6914. The definition includes <br />the fallowing specific requirements: <br />1. Except as provided in subdivision (2), all payments from all sources <br />received by the head of Household (even if temporarily absent) and each <br />additional member of the Household who is not a minor shall be included <br />in the annual Income of a Household. Gross Income shall include, but not <br />be limited to: <br />Indusianary Housing Covenants Declaration <br />City of Santa Ana January 2M <br />32A -78 <br />