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Sales Price and occupancy by Homebuyers whose Gross Household Income at <br />the time of occupancy of each Inclusionary Unit does not exceed the household <br />Income qualification limits of a Moderate Income Household. This covenant and <br />agreement shall be binding on the successors and assigns of Developer, as set <br />forth herein and in the Inclusionary Housing Covenants Declaration (Exhibit 5) <br />and the City Deed of Trust (Exhibit 6). <br />II-A. The Inclusionary Units to be developed on the Property shall be <br />reasonably dispersed throughout the market rate project as depicted on <br />Exhibit 3. The Developer may change the location of any Inclusionary <br />Unit to another area within the Project upon approval of the Program <br />Director. Changes in the location of Inclusionary Units as approved on the <br />Tentative Subdivision Map In which the Project is included shall be made <br />consistent with all requirements of the Ordinance and the Administrative <br />Procedures Manual, and shall be subject to the approval of the Program <br />Director, such approval not to be unreasonably withheld. <br />II.13, The Inclusionary Units to be developed on the Property shall be <br />proportional in the number of bedrooms to the market rate units In the <br />Project; they shall be comparable to the market rate units in terms of <br />design, materials, finished quality and appearance; and be permitted the <br />same access to the Project amenities and recreation facilities as the <br />market rate units, <br />Il The Inclusionary Units to be developed on the Property shall be <br />constructed concurrently with, or prior to, the Market Rate Units in the <br />Project. If the Project is phased, the Inclusionary Units shall be <br />constructed In accordance with the phasing plan included as Exhibit S to <br />this Inclusionary Housing Agreement. If the Developer wishes to change <br />the timing andlor phasing of the Project's construction, the City agrees to <br />amend said schedule in a manner consistent with such change so long as <br />the revised schedule continues to ensure that the Inclusionary, Units will <br />be constructed concurrently with, or prior to, the Market Rate Units. <br />II.D. The Developer shall affirmatively market the Inclusionary Units to <br />Moderate Income Households in accordance with the Administrative <br />Procedures Manual. <br />__ - -- — <br />Inc.SUadpnary Flraufl�ng AprecrrnenP - fJwrntarstri� PrpioGt Page 14 <br />CAy or Sarrta Ana <br />75C -84 <br />