Reso 1997-021 to 025 - Laserfiche WebLink

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Section 1. Definitions. Unless otherwise expressly provided herein or unless the context clearly requires otherwise, the following terms shall have the respective meaning set forth below for all purposes of this Regulatory Agreement: "Contract" means the contract entered into between the Developer and the City dated March 17, 1997, and governing the use of HOME funds for the Project. "City" means City of San Leandro, a municipal corporation, and its successors. "Date of Initial Occu ap ncv„ means the date that the Project is first occupied by tenants following completion of construction. "HOME„ means the HOME Investment Partnership Program established by the National Affordable Housing Act of 1990. "HOME Unit" means one of the rehabilitated dwelling units in the Project assisted with HOME funds. "HUD„ means the United States Department of Housing and Urban Development and its successors. "Income Certification" means a certification as to income executed by a household in the Project. "Median Gross Income for the Area" means the median income for the Oakland Primary Metropolitan Statistical Area ("PMSA") as determined by the Secretary of Housing and Urban Development under Section 8(f)(3) of the United States Housing Act of 1937, as amended. In the event that programs under Section 8(f) are terminated, the median income shall be determined per written direction of the City in a manner similar to current formula determination. "Developer" means San Leandro Shelter for Women and Children (SLSWC), a non- profit corporation, and its successors. "Participation in the Projec " means that the City has invested a dollar amount of $200,000 in the Project. The amount of City participation may be increased at the sole discretion of the City. "Project"or "Property shall mean the property located at 1151 Coral Sea Street, Alameda, California.