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In witness whereof, the parties have executed this document on June 27, 1988. GRANTEE: CITY OF PLEASANTON, CALIFORNIA, a municipal corporation By: 7. The Grantee shall review the owner's calculations of the maximum monthly net rent and utility allowances and the information sources used. B. If the Grantee determines that the calculations are correct and the utility allowances are reasonable, the owner shall be so notified. 9. If the Grantee fails to notify the owner within 60 days after receiving the rent schedule, including the utility allowances, that the schedule and /or allowances are not approved, they shall be deemed approved if they are within the permissible maximum allowed by the Grant Agreement. 10. In the event the owner is notified of the Grantee's disapproval, the recalculated schedule and utility allowances shall not be used. Both parties shall promptly meet to resolve their differences. 11. Subsequent to the initial recalculation, described in item 4 above, of the rent schedule and utility allowances, the maximum monthly net rent for each lower income unit may be recalculated by the owner and submitted to the Grantee for review whenever the HUD determination of Very Low- Income limits, applicable person limits by unit size, or prototypical adjustments to income are revised. Utility allowances may be revised if there is a rate change. In any event, the owner shall recalculate and submit to the Grantee, for review, the maximum monthly rent to be charged each lower income unit, and the utility allowances, twelve months from the date of the first recalculation by the owner, and annually, thereafter, on this date. 12. Any increase in rents for lower income units is subject to the provisions of outstanding leases. In any event, the owner must provide tenants of those units not less than 30 days prior written notice before implementing any increase in rents. 011,1r. A r0 • _ L ames R. water ails /IL i t / iC Peter h r acDonald City Manager (b) The climatic location of the project. (c) The size of the dwelling units and the number of occupants per dwelling unit. (d) Type of construction and design of the housing project. (e) The energy efficiency of owner supplied appliances and equipment. (f) The physical condition, including insulation and weatherization of the housing project. (g) Temperature levels intended to be maintained in the unit during the day and at night, and in cold and warm weather. (h) Temperature of domestic hot water. (1) If a utility (e.g., garbage collection) is charged on a fixed price basis, the full amount of the price shall be incorporated into the allowance. City Attorn@Z OWNER: By: EDEN HwtSING, INC., a Calif.jia .nprofit corporation Catherine A. ersc e Executive Director