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Exhibit 1 <br />Recording requested b) : <br />When recorded mail to: <br />ABOVE THIS LINE FOR RECORDER'S USE <br />Centennial Park Land Exchange, Santa Ana, California <br />GSA Ns Z-Calif-59813,C&D <br />Replacement Property #3; Pacific Electric Park Site <br />DECLARATION OF RESTRICTIONS <br />This Declaration of Restrictions is made by and between the City of Santa Ana, a municipal corporation <br />('Grantor'), and the UNITED STATES OF AMERICA, acting by and through the Regional Director, <br />Pacific West Region, National Park Service, U.S. Department of the Interior ("Grantee"), pursuant to the <br />Federal Property and Administrative Services Act of 1949 (63 Stat. 377), as amended (the "Act"), and <br />regulations and orders promulgated thereunder. <br />Recitals: <br />A. Grantor is the owner of 1.25-acres of real property known as the Pacific Electric Park Site and <br />located at the northeast comer of the intersection of McFadden Avenue and Orange Avenue, within the <br />corporate limits of the City of Santa Ana, as more fully described on Schedule 2 (the "Replacement Property <br />3"). For convenience, Replacement Property 3 shall be referred to in the remainder of this document as die <br />"Replacement Property." <br />B. This Declaration of Restrictions is made in consideration of the Deed of Release dated of even date <br />herewith between Grantee and Grantor relative to 2.42-acres of real property, more or less, located at <br />Centennial Park, and more fiilly described on Schedule 1 (the "Exchange Property"). <br />C. Grantor has agreed to impose on the Replacement Property, for the benefit of Grantee and its <br />successors and assigns, restrictive covenants to ensure that the Replacement Property will be permanently <br />used solely for park and recreational purposes. <br />Agreement: <br />NOW THEREFORE, in consideration of the mutual agreements contained herein, and other good and <br />valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Grantor does hereby <br />declare, covenant, and agree, for itself and its successors and assigns, that the said Replacement Property <br />shall hereafter and perpetually be held and conveyed subject to the following conditions and resttictions, to - <br />wit: <br />1. The Replacement Property shall be used and maintained exclusively for public park and recreational <br />Z-Calif-598B,C&D 1 of 11 <br />Replacement Property 03 — Pacific Electric Park Site <br />