AgdaPkt 2020-10-12 Joint SA PFA - Laserfiche WebLink

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6.N. - Page 7 of 19 for utilities paid by the Tenant, including garbage collection, sewer, water, electricity, gas and other heating, cooking and refrigeration fuel, but not telephone service or cable TV; and any other interest, taxes, fees, or charges for use of the land or associated facilities and assessed by a public or private entity other than Owner, and paid by the Tenant. (x) "Tenant" means a household legally occupying an Affordable Unit pursuant to a valid lease with Owner. (y) "Tenant Lease" is defined in Section 2.5. (z) "Term" means the term of this Agreement, which commences on the date of this Agreement and continues until the fifty-fifth (55111) anniversary of the date hereof. (aa) "Unit' means one of the approximately one hundred seventy-five (175) rental housing units constructed on the Property. 1.2 Exhibits The following exhibit is attached to this Agreement and incorporated into this Agreement by this reference: Exhibit A: Legal Description of the Property ARTICLE 2 AFFORDABILITY AND OCCUPANCY COVENANTS 2.1 Occupancy Requirements. The Affordable Units shall be rented to and occupied by, or, if vacant, available for occupancy by 50% and 80% AMI Households as follows: (a) 50% Units. Owner shall rent five (5) Affordable Units to, and shall ensure that these Affordable Units are occupied by, or, if vacant, available for occupancy by, 50% AMI Households. (b) 80% Units. Owner shall rent thirty-two (32) Affordable Units to, and shall ensure that these Affordable Units are occupied by, or, if vacant, available for occupancy by, 80% AMI Households. (c) Access to Facilities. All Tenants must have equal access to and enjoyment of all common facilities in the Development. (d) Bedroom Size. The bedroom sizes for the Affordable Units shall be no less than the figures set forth in the following chart: REV: 09-29-2020 VR ATTY/AGR.2020.215/Stanford - Cardinal Apartments (Page 4 of 16) 123