San Leandro Municipal Code § 26.2 Definitions

Unless the context otherwise requires, the terms defined in this section shall for all purposes of these Rules and Regulations have the meanings herein specified, to be equally applicable to both the singular and plural forms of any of the terms herein defined. Unless otherwise defined, all terms used in these Rules and Regulations shall have the meanings assigned to such terms in the Act.

"Act" means Chapter 8 of Part 1 Division 24 of the Health and Safety Code of the State of California as in effect on the date of adoption of these Rules and Regulations.

"Agency" means the Redevelopment Agency of the City of San Leandro, a public body, corporate and politic, established under the Community Redevelopment Law of the State of California (being Part 1 of Division 24 of the Health and Safety Code of the State of California).

"Bonds" means the Redevelopment Agency of the City of San Leandro 1981 Residential Mortgage Revenue Bonds authorized by, and at any time outstanding pursuant to, the Resolution.

"Developer" means Citcon Corporation, a California corporation, or any successors of assigns.

"Local Codes" means the Uniform Building Code, the Uniform Mechanical Code, the Uniform Plumbing Code, the Uniform Electrical Code and the Uniform Housing Code, all as adopted by the City of San Leandro by Ordinance No. 81-020 on March 30, 1981, as may be amended from time to time by the City, and the Uniform Fire Code, as adopted by the City of San Leandro by Ordinance No. 75-29 on June 9, 1975, as such may be amended from time to time by the City, and any applicable state or federal standards for residential construction.

"Mortgage Loan" means a loan of moneys made pursuant to the Program to a Participating Party to finance the purchase of property, which loan is evidenced by a note, secured by a deed of trust and insured or guaranteed, in whole or in part, by any instrumentality of the United States or of the State of California, or by any person licensed to insure mortgage loans in this State.

"Owner Participation Agreement" means the agreement, dated as of February 23, 1981, by and between the Developer and the Agency, providing for the construction of 164 Properties.

"Participating Party" means any Person receiving financing for Property pursuant to the Program. No elective officer of the state or any of its political subdivisions or employee of any redevelopment agency shall be eligible to be a Participating Party.

"Person" means an individual, corporation, firm, association, partnership, trust or other legal entity or any agency or political subdivision thereof.

"Program" means the Agency's program of making Mortgage Loans pursuant to the Resolution, the Act, and these Rules and Regulations.

"Property" means a residential condominium dwelling unit constructed in accordance with and pursuant to the Owner Participation Agreement.

"Redevelopment Project Area" means those project areas currently or hereafter designated by a redevelopment plan as plans adopted in accordance with the Community Redevelopment Law (commencing with Section 33750, of Part 1 of Division 24 of the California Health and Safety Code).

"Resident Homebuyer" means any person who, on the date of purchase of Property, is a legal resident of the City of San Leandro or is employed in a permanent full-time position in the City of San Leandro and does not own and has never owned a principal residence for his or her own use in any location.

"Resolution" means the resolution providing for the issuance of the Redevelopment Agency of the City of San Leandro 1981 Residential Mortgage Revenue Bonds, as originally adopted by the Agency or as it may from time to time be supplemented, modified or amended.

"Rules and Regulations" means these rules and regulations implementing the Program as adopted by the Agency on April 2, 1981, pursuant to Resolution No. 81-17, as they may be amended from time to time.

"Trustee" means the Trustee appointed by the Agency pursuant to Section 8.01 of the Resolution, or its successor for the time being as Trustee under Section 8.01 of the Resolution.