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w <br />U <br />U <br />X <br />J <br />c <br />3 <br />v <br />z <br />RECORDING REQUESTED BY: <br />AND WHEN RECORDED MAIL TO: <br />City of Santa Ana <br />Clerk of the Council <br />20 Civic Center Plaza (M-30) <br />P.O. Box 1988 <br />Santa Ana, California 92702 <br />Attention: Clerk of the Council <br />INSURANCE NOT REQUIRED <br />WORK MAY PROCEED <br />CLERK OF COUNCIL <br />.819N 2 9 2022 <br />Recorded in Official Records, Orange County <br />Hugh Nguyen, Clerk -Recorder <br />IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII NO FEE <br />+$ R 0 0 1 3 8 2 1 2 9 1 8+ <br />2022000231667 2:22 pm 06/29122 <br />63 RW11A Al 49 <br />0.00 0.00 0.00 0.00 144.00 0.00 0.000.000.00 0.00 <br />Free Recordingpursuant to 4 <br />Government Code 27383 A-2021—k31 I <br />DENSITY BONUS HOUSING AGREEMENT <br />DATE! This DENSITY BONUS HOUSING AGREEMENT ("Agreement"), made and entered <br />into this 21' day of June, 2022, by and between the City of Santa Ana, a charter city and municipal <br />corporation of the State of California ("City"), and North Broadway Housing Partners LP, a <br />California limited partnership ("Developer"). City and Developer are sometimes referred to <br />collectively as the "Parties" and individually as a "Party." <br />O.GD� ( ewoua. )> (5A�o RECITALS <br />16 c <br />C <br />Q o A. On or about March 10, 2022, JHC-Acquisitions LLC, a California limited liability <br />company ("JHC-Acquisitions") and WISEPlace, a California nonprofit corporation ("Property <br />N $ Owner"), entered into that certain Option to Lease (the "Option Agreement"), pursuant to which <br />o a the Property Owner granted to JHC-Acquisitions an option to ground lease that certain property <br />located within the City of Santa Ana, County of Orange, State of California, commonly known as <br />V U 1411 N. Broadway Avenue, Santa Ana, California, 92706, and legally described as set forth in <br />Exhibit A attached hereto and incorporated herein by this reference as if set forth in full <br />o ("Property"). <br />m � <br />B. Each of Developer and JHC-Acquisitions is an affiliate of Jamboree Housing <br />H <br />o Corporation, a California nonprofit public benefit corporation. Developer and the Property Owner <br />u intend for (i) Developer to assume from JHC-Acquisitions all of JHC-Acquisitions' rights and <br />0 <br />obligations under the Option to Lease, and pursuant thereto to ground lease the Property from <br />o Property Owner, and (ii) the Property Owner to become a non -managing member of the limited <br />liability company that serves as Developer's managing general partner. <br />C. Developer is proposing to develop an affordable rental residential community <br />consisting of forty-eight (48) units with forty-seven (47) units of permanent supportive housing <br />for homeless individuals and 6,500 square feet of community space and common areas on the <br />Property, as more particularly set forth in Density Bonus Application No. DBA-2022-1 <br />("Project"). <br />D. Santa Ana Municipal Code sections 41-1600, et seq. ("City Density Bonus for <br />Affordable Housing"), and California Government Code sections 65915, et seq. ("State Density <br />9138-12678011517029.2 <br />,N <br />