Indexed Price. The Indexed Price of the Home means the sales price of the Home at the time of purchase by the Owner, as set forth on page 1 of this Agreement (the "Owner's Base Price"), increased by the percentage of increase in the Median Income from the date of the original purchase of the Home by the Owner to the date of receipt by the City of the Owner's Notice of Intent to Transfer, and, where applicable, adjusted pursuant to subsection 11A(1) to reflect the value of Eligible Capital Improvements and subsection 11A(3) to reflect Owner's Original Closing Costs or subsection 11A(2) below to reflect the cost of deferred maintenance. "Median Income" shall refer to the median yearly income, adjusted for a household size of four, in Alameda County, as published by the California Department of Housing and Community Development ("HCD"), or, in the event such income determination is no longer published by HCD, or has not been updated for a period of at least eighteen (18) months, the City may use or develop such other reasonable method as it may choose in order to determine the median yearly income in Alameda County. The Median Income as of the date of this Agreement is shown on the first page of this Agreement.
Indexed Price. (1) The “
Indexed Price. The Indexed Price of the Unit means the sales price of the Unit at the time of purchase by the Owner, Dollars ($---,---) (the "Owner's Base Price"), increased by the percentage of increase in the Median Income from the date of the original purchase of the Unit by the Owner to the date of receipt by the City of the Owner's Notice of Intent to Transfer, and, where applicable, adjusted pursuant to subsection (ii) below to reflect the value of capital improvements or the cost of deferred maintenance. A decrease in Median Income shall have no affect the Index Price. "Median Income" shall refer to the median yearly income, adjusted for a household size of four (4), in Contra Costa County, as published by the California Department of Housing and Community Development ("HCD"), or, in the event such income determination is no longer published by HCD, or has not been updated for a period of at least eighteen (18) months, the City may use or develop such other reasonable method as it may choose in order to determine the median yearly income in Contra Costa County. The Median Income for a household of four (4) persons as of the date of this Agreement is shown on the first page of this Agreement.
Indexed Price. The “Indexed Price” of the Home means the Owner’s Base Price, increased by an amount equal to the percentage of increase in AMI from the date of the original purchase of the Home by the Owner to the date of receipt by the City of the Owner’s Notice of Intent to Transfer, and, where applicable, adjusted pursuant to subsection (2) below to reflect the value of capital improvements or the cost of deferred maintenance. The AMI as of the date of this Agreement is shown on the first page of this Agreement.
Indexed Price. 23.3.1 For the second Year of the Supply Period and thereafter, the Base Price determined in accordance with Clause 23.2 shall be revised annually to reflect the variation in Price Index occurring between the Base Index Date and the Reference Index Date for the relevant Year (the “Indexed Price”).For the avoidance of doubt and by way of illustration, if the Price Index increases by 14% (fourteen per cent) between the Base Index Date and the Reference Index Date for the third Year of the Supply Period, the Indexed Price for the third Year shall be 114% (one hundred and fourteen percent) of the Base Price for that Year.
Indexed Price as on the date of original scheduled supply or date of delayed supply whichever is lower.
