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�.18�5 <br /> Section 4. * of Proi r, The Project shall <br /> ` consist of approximately sixty (60) units of a££ordable rental <br /> housing, with necessary parking and such amenities as the parties <br /> may agree in the DDA. The parties hereto recognize and acknowledge <br /> that the Property was acquired by the Agency using a number of <br /> funding sources, including CDBG, HOME and Agency tax increment <br /> funds. Funds from each of these sources bear affordability. <br /> requirements and the Project must be designed, developed and <br /> constructed in such a. way as to comply with all of such <br /> requirements. <br /> Section 5. Term of AQr mAnt This Agreement shall <br /> terminate at 5:00 p.m. on the date which is one hundred eighty <br /> (180) days after the Effective Date , unless extended in writing by <br /> mutual agreement o£ the Developer and the Executive Director of the <br /> Agency or unless sooner terminated as provided herein. The parties <br /> hereto may mutually terminate this Agreement at any time by written <br /> agreement. Further, this Agreement may be terminated by either <br /> party at any time after the Effective Date if said party determines <br /> that the Projec or the Habitat Project is not feasible, which <br /> determination shall be made within the discretion of said party, <br /> reasonably exercised. As used herein, feasible shall include a <br /> determination that the Project meets applicable City and Agency <br /> ordinances, rules and regulations, that the Project is or can be <br /> = designed and constructed in a manner acceptable to the Agency, that <br /> there is adequate financing from demonstrated sources acceptable to <br /> the Agency, and that such other factors as bear upon the <br /> Developer's ability to construct and/or operate the Project have <br /> beea resolved in a manner satisfactory to both parties. The period <br /> betweer. the Effective Date and the final termination of the <br /> Agreement shall be referred to herein as the Term. <br /> Section 6. Components of Neao i�finna, <br /> a. The parties hereto agree that the negotiations <br /> will include the elements set forth in the Term Sheet attached <br /> hereto as Exhibit "B" and that the parties will in good faith <br /> undertake the tasks identified as their respective <br /> responsibilities in said exhibit. When a time frame is indicated <br /> in Exhibit "B'° for a qiven task, the party as to which the time <br /> f-ame applies shall make a gcod faith effort to perform that task <br /> i: the time indicated. <br /> b. It is acknowledged that there are various <br /> parcels comprising the Property and that a parcel map will be <br /> 3 <br />