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<br />(k) "Extremely Low Income Household" shall mean a household of one or
<br />more Residents with an Adjusted Income which does not exceed twenty-five percent (25%) of
<br />Median Income, adjusted for Actual Household Size.
<br />
<br />(I) "Extremely Low Income Unit" shall mean a Unit which, pursuant to
<br />Section 2.I(a) below, is required to be rented to an Extremely Low Income Household.
<br />
<br />(m) "Hazardous Materials" shall mean the following: hazardous substance,
<br />hazardous waste, infectious waste, or hazardous material as defined in any federal, state or local
<br />statute, ordinance, regulation, or rule applicable to the Property, including the Comprehensive
<br />Environmental Response, Compensation and Liability Act of 1980 (42 U.S.c. Section 960 I et
<br />seq.) or Sections 25280 et seq., 25310 et seQ., 25110 et seQ., or 25500 et seq, of the Califurnia
<br />Health and Safety Code at such time; any other waste, substance or material designated or
<br />regulated in any way liS "toxic" or "hazardous" in the Resource Conservation and Recovery Act
<br />(42 U.S.c. Section 6901 et seq.), Federal Water Pollution Control Act (33 U.S.C. Section 1251
<br />et seq.), Safe Drinking Water Act (42 U,S.C. Section 300f et seq.), Toxic Substances Control Act
<br />(15 U.S.C. Section 2601 et seq.), Clean Air Act (42 U.S.C, Section 7401 et seq.), California
<br />Health and Safety Code (Section 25100 et seq.), or California Water Code (Section 13000 et
<br />seq.) at such time; and any additional wastes, substances or material which at such time are
<br />classified, considered or regulated as hazardous or toxic under any other present or future
<br />environmental or other similar laws relating to the Property, including asbestos, asbestos-
<br />containing materials, radon gas, oil or any fraction thereof of petroleum products, but excluding
<br />any substances or materials used in the construction, development, maintenance or operation of
<br />the Project, so long as the same are used in accordance with all applicable laws.
<br />
<br />(n) "Hazardous Materials Law" shall mean all federal, state, and local laws,
<br />ordinances, regulations, orders and directives pertaining to Hazardous Materials in, on or under
<br />the Property or any portion thereof.
<br />
<br />(0) "Ground Lease" shall mean the Ground Lease to be entered into between
<br />the City and Developer wherein the City will lease the Property to the Developer for fifty-five
<br />(55) years.
<br />
<br />(p) "HUD" shall mean the United States Department of Housing and Urban
<br />
<br />Project.
<br />
<br />(q) "Loan Agreement" shall mean the Loan Agreement entered into by and
<br />between City and Developer, and dated of even date herewith_
<br />
<br />(r) "Median Income" shall mean the median gross yearly income, adjusted for
<br />Actual Household Size as specified herein, in the Oakland Primary Metropolitan Statistical Area,
<br />as published from time to time by HUD and the State of California_ In the event that such
<br />income determinations are no longer published, or are not updated for a period of at least
<br />eighteen (18) months, City shall provide Developer with other income determinations which are
<br />
<br />144\105\ 159081. J I
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