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6. 1. D. - Page 46 for a family of two (2) at One Hundred Twenty percent (120 %) of the median household income. The increase shall be computed from the date on which Owner originally purchased the Subject Affordable Unit (the "Beginning Date ") to the date on which the City or its assignee received the Notice of Intended Transfer required by Section 8 above (the "Ending Date "). Median household yearly income shall be determined according to HCD publications published immediately prior to the Beginning Date and Ending Date, respectively, or if necessary, in the manner specified in Section 10(b) of this Resale Agreement. (ii) Increased Down Payment The Increased Down Payment amount shall be equal to Owner's down payment, paid upon purchase of the Subject Affordable Unit, increased by the percentage of increase in household income for a family of two (2) at One Hundred Twenty percent (120 %) of the median household income. The increase shall be computed from the Beginning Date to the Ending Date. Median household yearly income shall be determined according to HCD publications published immediately prior to the Beginning Date and Ending Date, respectively, or if necessary, in the manner specified in Section 10(b) of this Agreement. b. Sales Price Adjustment The Deed - Restricted Resale Price shall be increased by the value of any substantial structural or permanent fixed improvements which cannot be removed without substantial damage to the Subject Affordable Unit or substantial or total loss of value of said improvements. No such adjustment shall be made except for improvements: (i) made or installed by Owner; (ii) approved in advance by the City or its designee; and (iii) whose initial costs were Five Hundred Dollars ($500.00) or more. The value of such improvements by which the Deed - Restricted Resale Price shall be adjusted when considered as additions or fixtures to the Subject Affordable Unit as determined by an appraisal (e.g., the amount by which said improvements enhance the market value of the Subject Affordable Unit at the time of sale). The adjustment to the Deed - Restricted Resale Price for such improvements shall be limited to the increase in the value of the Subject Affordable Unit, and shall not be based upon the cost of the improvements. The cost of the appraisal shall be paid by Owner. The Deed - Restricted Resale Price shall be decreased by an amount necessary to repair any damages and to put the Subject Affordable Unit into a "sellable condition ". Items necessary to put the Subject Affordable Unit into sellable condition shall be determined by the City, and may include cleaning, painting, and structural, mechanical, electrical, plumbing, and other deferred maintenance repairs. ATTY /AGR12010. 079aResaie Restriction Agr 09127/10 8