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In providing a qualified buyer, PHA or the housing agency shall give preference • to buyers who qualify for supplemental financing or down payment assistance and are, in the following order: Employees of the City of Charlottesville or its school division. 2. If a qualified buyer is not identified from the above, then to residents of the City of Charlottesville. If a qualified buyer is not found from the above, then to citizens who are employed by employers who have their place of business in the City of Charlottesville. A buyer qualified by PHA or the agency shall enter into an agreement with that agency to return 50% of the equity appreciation realized by the unit's resale, as determined by subtracting the equity in the property at the time of initial sale from the equity in the property at the time of resale; provided, however, that in no case shall the amount transferred to the agency be greater than the amount permitted to be recaptured by the source that provided the subsidy. In the aforesaid agreement, equity appreciation over and above that transferred to the agency shall be retained by the homebuyer. None of the "affordable units" so designated may be, rented out to comply with the affordable standards. • 2. The applicant will restrict the commercial uses of the project to only those uses allowed in Use Group B-2. 3. At the completion of construction of the building units on the Residential ....... Component of the site, the applicant will contribute $1,000 to the City Parks and Recreation Program for enhancement of the Greenbelt and/or parks in the vicinity, and $1,000 to the Charlottesville School Division for materials for Clark School. Respectfully submitted this 3rd day of February, 2006. CARLTON PRQPI 4TY, LLC IRM Charles Lewii§'III c/o David J. Toscano 211 East High Street Charlottesville, VA 22901 •