Laserfiche WebLink
(1) use and occupancy of the Affordable Unit and land and associated <br />facilities; <br />(2) any separately charged fees or service charges assessed by <br />Affordable Developer which are required of all Residents, including <br />parking, other than security deposits; <br />(3) the cost of an adequate level of service for utilities paid by the <br />Resident, including garbage collection, sewer, water, electricity, gas and <br />other heating, cooking and refrigeration fuel (estimated using utility <br />allowance calculations), but not cable or telephone service; and <br />(4) any other interest, taxes, fees or charges for use of the land or <br />associated facilities and assessed by a public or private entity other than <br />Affordable Developer and paid by the Resident. <br />(cc) "Resident" means a household occupying an Affordable Unit. <br />(dd) "Resident Selection Criteria" means the process by which the Affordable <br />Developer determines a household's eligibility to reside in an Affordable Unit, as approved by the <br />City. <br />(ee) "Term" which commences as of the date of this Agreement and, unless <br />terminated earlier or extended by the Parties pursuant to this Agreement, ends fifty-five (55) years <br />from the date that the final certificate of occupancy is issued for the Property. <br />(ff) "Very Low -Income Household" means a household with an annual <br />Household Income no greater than the maximum income for very low income households, as <br />published annually by the City for each household size, based on either United States Department <br />of Housing and Urban Development (HUD) income limits for San Mateo County or the California <br />Department of Housing and Community Development (HCD) income limits for San Mateo <br />County, as applicable. <br />(gg) "Very Low -Income Rent" means the Affordable Rent permitted to be <br />charged for a Very Low -Income Unit, and as provided to the Affordable Developer annually by <br />the City or as published by CTCAC for 50% AMI households, as applicable. <br />(hh) "Very Low -Income Units" means Affordable Units required to be occupied <br />by Very Low -Income Households. <br />ATTY/AGR/2024.193.1— AFFORDABLE HOUSING LAND DONATION AGREEMENT — EXHIBIT G— RESTRICTIVE COVENANTS AGR <br />REV: 10-22-24 VR <br />Page 6 of 41 <br />