RecDoc 2026-002924 Development Agreement 901 El Camino Real

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G. RELOCATION TAX CONSEQUENCES In general, relocation payments are not considered income for the purpose of Division 2 of the Internal Revenue Code of 1954, which has been redesignated as the Internal Revenue Code of 1986 (Title 26, U. S. Code), or for the purpose of determining the eligibility or the extent of eligibility of any person for assistance under the Social Security Act (42 U. S. Code 301 et seq.) or the Personal Income Tax Law, Part 10 (commencing with Section 17001) of the Revenue and Taxation Code, or the Bank and Corporation Tax Law, Part II (commencing with Section 23001) of Division 2 of the Revenue and Taxation Code. The Developer or OPC does not intend the above statement on tax consequences as tax advice. Tenants are responsible for consulting with their own tax advisors concerning the tax consequences of relocation payments. V. ADMINISTRATIVE PROVISIONS A. NOTICES Each notice, which the Developer is required to provide to a Project site occupant, shall be personally delivered or sent by certified or registered first-class mail, return receipt requested and documented in the case file. Each notice will be written in plain, understandable language. Each notice will indicate the name and telephone number of a person who may be contacted for answers to questions or other needed help. All notices will be provided in the preferred language of the tenant. There are three principal notices: 1) Information Statement 2) Notice of Relocation Eligibility 3) Vacate Notice The Informational Statement is intended to provide potential displacees with a general written description of the Developer's relocation program and basic information concerning benefits, conditions of eligibility, noticing requirements and appeal rights (Exhibit C). A Notice of Eligibility (NOE) will be distributed to each tenant. The NOE to the residential tenants contains a determination of eligibility for relocation assistance under specific relocation programs and a computation of maximum entitlements based on information provided by the affected household and the analysis of comparable replacement properties identified by relocation staff. The NOE to the storage unit tenants will provide information on the authorized Fixed Payment Amounts, the claims process, and an offer of assistance in securing a mover to conduct the move, if the tenant chooses that option. No lawful occupant will be required to move without having received at least 90 days' advance written notice of the earliest date by which the move will be necessary. The 90 -day vacate notice will either state a specific date as the earliest date by which the occupant may be required to move or state that the occupant will receive a further notice indicating, at least 60 days in advance, the specific date of the required move. A date -specific vacate notice will not be issued to any residential tenants before comparable replacement dwellings have been made available to them. ATTY/AGR/2025.084/920 SHASTA AFFORDABLE HOUSING LAND DONATION AGREEMENT REV: 10-16-25 VR Exhibit B-2 - 20