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RecDoc 2026-002924 Development Agreement 901 El Camino Real
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RecDoc 2026-002924 Development Agreement 901 El Camino Real
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3/17/2026 4:33:37 PM
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3/17/2026 4:29:08 PM
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Agreement
Subject
Development Agreement - El Camino Real Holdings JV
Doc Num
2026-002924
Rec Date
1/20/2026
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thirty (30) days after written notice from the City with respect to landscaping and building <br />improvements, then the City, in addition to whatever other remedy it may have at law or in equity, <br />shall have the right to enter upon Affordable Development (excluding the commercial space leased <br />to third parties) and perform or cause to be performed all such acts and work necessary to cure the <br />default. Pursuant to such right of entry, the City shall be permitted (but are not required) to enter <br />upon Affordable Development and perform all acts and work necessary to protect, maintain, and <br />preserve the improvements and landscaped areas on Affordable Development, and to attach a lien <br />on Affordable Development, or to assess Affordable Development, in the amount of the <br />expenditures arising from such acts and work of protection, maintenance, and preservation by the <br />City and/or costs of such cure, including a ten percent (10%) administrative charge, which amount <br />shall be promptly paid by the Affordable Developer to the City upon demand. The Affordable <br />Developer shall not be responsible for any City -performed maintenance rmless the City has first <br />provided written notice and a reasonable opporturi ty for the Affordable Developer to cure. <br />ARTICLE 6 <br />MISCELLANEOUS <br />Section 6.1 Lease Provisions. <br />In leasing the Affordable Units, Affordable Developer shall use a form of resident lease <br />approved by the City, which shall comply with all requirements of this Agreement and shall, <br />among other matters: <br />(a) Provide for termination of the lease and consent by the Resident to <br />immediate eviction for failure to provide any information required under this Agreement or <br />reasonably requested by Affordable Developer to establish or recertify the Resident's qualification <br />for occupancy in Affordable Development in accordance with the standards set forth in this <br />Agreement. <br />(b) Be for an initial term of not less than one (1) year, unless by mutual <br />agreement between the Resident and Affordable Developer (and only if allowed by all financing <br />sources) and provide for no increase in Rent during such year. After the initial year of tenancy, the <br />lease may be month-to-month by mutual agreement of Affordable Developer and the Resident; <br />however, Rent may not be raised more often than once a year. Affordable Developer will provide <br />each Resident with at least sixty (60) days written notice of any increase in Rent applicable to such <br />Resident, and with such further notice as may be required by Section 2.3 above. <br />(c) Require the Resident to occupy the Affordable Units as the Resident's <br />principal place of residence. <br />(d) Provide for immediate termination of the tenancy of any Resident <br />household where one or more of whose members misrepresented any fact material to the <br />household's qualification as a Very Low -Income Household or Low -Income Household, as <br />applicable. <br />Section 6.2 Lease Termination. Any termination of a lease of an Affordable Unit (other <br />than for a default by the Resident) or refusal to renew must be preceded by not less than sixty (60) <br />days written notice to the Resident by Affordable Developer specifying the grounds for the action <br />ATTY/AGR/2025.084/920 SHASTA AFFORDABLE HOUSING LAND DONATION AGREEMENT <br />REV: 10-16-25 VR <br />Exhibit G - 19 <br />
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