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WESTVIEW HOUSE L (2).P
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WESTVIEW HOUSE L (2).P
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Last modified
7/6/2022 11:53:50 AM
Creation date
7/6/2022 11:53:07 AM
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Contracts
Company Name
WESTVIEW HOUSE L.P
Contract #
A-2022-085-01
Agency
Community Development
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FIDELITYNATIONALTnU COMPANY tVJ <br />3c3c>gq 6c7 c - r - <br />RECORDING REQUESTED BY <br />AND WHEN RECORDED RETURN TO: <br />Recorded in Official Records, Orange County <br />Hugh Nguyen, Clerk -Recorder <br />City of Santa Ana IIIIIIIIII�II�III��III��I�II��IIIIIIII�IIIII�II�I�IIII�II�II�I1JIIJjII NO FEE <br />Clerk of the Council *$ R 0 0 1 3 7 6 8 3 1 4$ <br />20 Civic Center Plaza (M-30) 2022000201521 9:32 am 06/02/22 <br />P.O. Box 1988 214 603A R29 26 <br />Santa Ana, California 92702 0.00 0.00 0.00 0.00 75.00 0.0o o.000.000.00 0.00 <br />Attention: Clerk of the Council <br />SPACE ABOVE THIS UN FORMCOR119G-USE <br />FREE RECORDING REQUESTED <br />[Government Code Section 6103] <br />RENTAL REHABILITATION PROGRAM A-2022-085-01 <br />AFFORDABILITY RESTRICTIONS <br />ON TRANSFER OF PROPERTY v ` <br />(2530 & 2534 Westminster Avenue, Santa Ana, California) <br />THESE RENTAL REHABILITATION PROGRAM AFFORDABILITY <br />RESTRICTIONS ON TRANSFER OF PROPERTY (the "Restrictions") are entered into <br />as of May 31, 2022, by and between and Westview House LP; a California limited <br />partnership ("Developer"), and the City of Santa Ana, a charter city and municipal <br />corporation ("City"), <br />RECITALS: <br />A. Developer is the owner of that certain real property located at 2530 and 2534 <br />Westminster Avenue ("Property"), located in the City of Santa Ana, more particularly <br />described in Exhibit A, which is attached hereto and incorporated herein by this reference. <br />B. The Developer and the City have entered into that certain Rental Rehabilitation <br />Program Loan Agreement, dated on or about the date hereof ("Loan Agreement"), for the <br />purpose of providing eighty-four (84) units of housing that will be affordable to Extremely <br />Low Income and Low Income households ("Restricted Units"), with one un-restricted unit <br />reserved for an on -site manager, to which these Restrictions are attached as Exhibit F (any <br />capitalized term that is not otherwise defined in these Restrictions shall have the meaning <br />ascribed to such term in the Loan Agreement), <br />C. The Loan Agreement provides, among other things, for the use of the Property for <br />affordable housing with all Restricted Units being restricted to Extremely Low Income and <br />Low Income households, at Affordable Rent(s), <br />D. The Loan Agreement contains certain provisions relating to the use of the Property. <br />Exempt from fee per GC27388.1 (a) (2); <br />1 recorded concurrently In connection with <br />wmtview House a transfer subject to the imposition of <br />City Rental Rehabilitation Program Affordability Restrictions onTmnsfer of Property documentary transfer tax <br />
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