Taxable Seller Note)California • December 7th, 2021
Jurisdiction FiledDecember 7th, 2021FOR VALUE RECEIVED, Windsor Gardens Housing Associates, L.P., a California limited partnership (“Borrower”), promises to pay to the order of the City of Escondido, a municipal corporation organized under the laws of the State of California (“Lender”), the principal sum of [Ten Million Eight Hundred Thousand Dollars ($10,800,000)], plus interest thereon from the date disbursed until paid in full at the rate of 2.15% per annum (the “Interest Rate”).