Laserfiche WebLink
(LI) "Existing Occupants" shall have the same meaning as set forth in Section <br />3.10(a) below. <br />(v) "Extremely Low -Income Household" means a household with an annual <br />Household Income no greater than the maximum income for extremely low income households, <br />as published annually by the City for each household size, based on either HUD income limits for <br />the County or the HCD income limits for the County, as applicable. <br />(w) "Extremely Low -Income Rent" means the Affordable Rent permitted to <br />be charged for an Extremely Law -Income Unit, and as provided to the Qualified Designee annually <br />by the City or as published by CTCAC for 30% AMI households, as applicable. <br />(x) "Extremely Low -Income Units" means Affordable Units required to be <br />occupied by Extremely Low -Income Households. <br />(y) "Governmental Authorities" shall mean the City of redwood City, the <br />State of California or any other governmental or quasi -governmental entities who may issue <br />permits or approvals for the development of the Affordable Development. <br />(z) "Grant Deed" means that certain grant deed, substantially in the form <br />attached hereto as Exhibit C, incorporated herein by this reference, pursuant to which the <br />Affordable Site will be transferred to the Qualified Designee. <br />(aa) "HCD" means the California Department of Housing and Community <br />Development. <br />(bb) "Household Income" means the total anticipated annual income of all <br />persons in a household, as calculated in accordance with state or federal law or pursuant to a <br />successor State housing program that utilizes a reasonably similar method of calculation of <br />adjusted income. In the event that no such program exists, the City shall provide the Qualified <br />Designee with a reasonably similar method of calculation of adjusted income as provided in said <br />Section 6914. For Affordable Units that are subject to Affordable Rents as provided by CTCAC, <br />the Household Income shall be set at an amount consistent with the household income levels as <br />determined by the CTCAC. <br />(cc) "Housing Element Update EIR" means the Final Environmental Impact <br />Report and MMRP for the Housing, Built Environment, Public Safety, Building Community, <br />Natural Resources & Environmental Justice Elements Update to the Redwood City General Plan, <br />certified by the City Council on February 13, 2023, in Resolution No. 16124. <br />(dd) "Housing Element Update MMRP" has the meaning set forth in Recital <br />W <br />(cc) "HUD" means the United States Department of Housing and Urban <br />Development. <br />(fo "Irrevocable Offer to Dedicate" means that certain Irrevocable Offer to <br />Dedicate, in the form attached hereto as Exhibit D, incorporated herein by this reference. <br />ATTY/AGR/2024.193.1—AFFORDABLE HOUSING LANG] DONATION AGREEMENT <br />REV: 10-22-24 VR <br />Page 6 of 35 <br />