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2.2 Density Bonus. The Project shall have two -hundred and twenty (220ZUnits, including eleven (11) Affordable Units, to be rented, occupied, operated, and maintained pursuant to the terms and conditions of this Agreement. Developer understands and agrees that Developer is not utilizing a density bonus increase provided by the State Density Bonus Law or City Density Bonus for Affordable Housing. However, Developer is only proposing two -hundred and twenty 220 Units, so Developer shall not construct or develop, or otherwise claim a right to construct or develop any additional State and/or City Density Bonus Units on the Property. 2.3 Development Incentive. As set forth in the City entitlements, Developer petitioned for and was granted the following reduced parking ratios as provided for in Government Code Sec. 65915(p)(1) as part of the approval of Site Plan Review No. 2019-01 for the Project: 2.3.1 The onsite parking standards for the Project shall be reduced from 2.15 panting spaces per unit to 1.51 spaces per unit pursuant to California Government Code sections 65915(p)(1) and 65915(p)(4), which provides onsite parking at the ratio of one (1) stall for studio or one -bedroom units, and two (2) stalls for two- to three -bedroom units, for a total of 332 onsite parking spaces for the Project. 2.4 No Further Concessions or Incentives. Developer acknowledges and agrees that the incentive set forth in section 2.3 above fully satisfies any duty City may have under the Santa Ana Municipal Code, the Density Bonus Law, or any other law or regulation to provide any development incentive or to waive any building, zoning, or other requirement in return for providing Affordable Units. By this Agreement, Developer releases any and all claims Developer may have against City in any way relating to or arising from City's obligation to waive requirements of or provide development incentives pursuant to any state, federal, or local law, rule, or regulation applicable to the Project. 2.5 Unrestricted Units. The Project, for purposes of this Agreement, may have no more than two -hundred and nine (209)—Unrestricted Units comprised of forty-two (42) studio units, ninety-six (96) one -bedroom units and seventy-one (71) two -bedroom units. Any change to the unit distribution of the Unrestricted Units may affect the comparability of the Affordable Units and is subject to City Manager approval. 2.6 Affordable Units. The Project, for purposes of this Agreement, shall have no less than eleven (11)_Units, which shall be comprised of three (3) studio units, four (4) one -bedroom units, and four (4) two -bedroom units, designated as Affordable Units pursuant to the terms and conditions of this Agreement. The Affordable Units shall be consistent with all City approvals, comparable in bedroom distribution and amenities to the Unrestricted Units, and shall be located throughout the Project as required under Santa Ana Municipal Code section 41-1602(c)(6). 2.7 Minimum Development Standards for Affordable Units. The Affordable Units shall be constructed with the same exterior appearance and interior features, fixtures, and amenities, and shall use the same type and quality of materials as provided for any Unrestricted Units. 5