Agmt21 ROEM Project at 353 Main - Laserfiche WebLink

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Department of Housing and Community Development. In the event that such income determinations are no longer published, or are not updated for a period of at least eighteen (18) months, the City shall provide the Developer with other income determinations which are reasonably similar with respect to methods of calculation to those previously published by the State. (e) "Assignment Agreement" means the agreement pursuant to which the Developer assigns to the City its rights and obligations with respect to certain agreements, Plans and Specifications, and approvals, executed by the Developer and the City with regards to the Loan and as a precondition to the making of the Loan, in the form attached hereto as Exhibit K, incorporated herein by this reference. (f) "Bid Package" means the package of documents Developer's general contractor is required to distribute to potential bidders as part of the process of selecting subcontractors for the Development. The Bid Package is to include the following: (i) an invitation to bid; (ii) copy of the proposed construction contract; and (iii) all Construction Plans. (g) "CEQA" means the California Environmental Quality Act, California Public Resources Code §21000- §21177, as amended. (h) "Certificate of Occupancy" means the final certificate of occupancy issued by the City, or comparable City sign -off on the completion of construction and occupancy of the Improvements. (i) "Certified Access Specialist" means a certified access specialist registered with the State of California Department General Services Division of State Architect and who has met the requirements of Government Code Section 4459.5. 0) "City" means the City of Redwood City, a California charter city and its successor and assigns. (k) "City Council" means the City Council of the City. (1) "City Documents" shall mean, collectively, this Agreement, the Promissory Note, the Deed of Trust, the Regulatory Agreement, the Notice of Affordability Restrictions on Transfer of Property and all other documents required to be executed by the Developer in connection with the transaction contemplated by this Agreement. (m) "City Event of Default" has the meaning set forth in Section 8.3(a). (n) "Close of Escrow" means the date of recording of the Deed and the recordation of the Deed of Trust, the Regulatory Agreement, and the Notice of Affordability Covenants. (o) "Collateral Documents" means the Developer's right, title and interest to all project agreements, including but not limited to development reports, all contracts, architect's agreements, engineer's agreements, management agreements, and all other contracts and agreements which concern the development and/or operation of the Development, all REV: 06-17-2020 PR 1199\09\2727850.8 ATTY/AGR.2020.100/353 Main Street Apartments LP (Page 10 of 143)