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r ail) <br />Recorded at the Request of <br />Old Republic Title Company - <br />Oakland <br />It 1 _+oiJD}Zk <br />RECORDING REQUESTED BY Recorded in Official Records, Orange County <br />AND WHEN RECORDED RETURN TO: Hugh Nguyen, Clerk -Recorder <br />IIIIIIII11IIJIII 111II11III 111IIIJI111I11II111II11I 11II IIIIIIIIIIII NO FEE <br />f' 8 R 0 0 1 3 8 7 0 0 0 7 8* <br />`4 City of Santa Ana 202200025926612:43 pm 07/26/22 <br />106 407A R29 25 <br />Clerk of the Council 0.00 0.00 0.00 0.00 72.00 0.00 0.000.000.00 0.00 <br />20 Civic Center Plaza (M-30) <br />P.O. Box 1988 <br />Santa Ana, California 92702 <br />Attention: Clerk of the Council <br />SPACEABOVETBIS LINE FORRECORDING USE`II <br />FREE RECORDING REQUESTED `JJJ <br />INSURANCE NOT REQUIRED [Government Code Section6t631j <br />WORK MAY PROCEED Z?SY3 U'J/ <br />CLERK OF COUNCIL A-2022-133-02 <br />DATE: NEIGHBORHOOD STABILIZATION PROGRAM <br />0. AFFORDABILITY RESTRICTIONS <br />Cp frCO) WV1 ON TRANSFER OF PROPERTY <br />( Cla`Aly"I'L (1126, 1136 & 1146 East Washington Avenue, Santa Ana, California) <br />THESE NEIGHBORHOOD STABILIZATION PROGRAM (NSP) <br />AFFORDABILITY RESTRICTIONS ON TRANSFER OF PROPERTY (the <br />"Restrictions") are entered into as of July 21, 2022, by and between and Washington Santa <br />Ana Housing Partners, L.P., a California limited partnership ("Developer"), and the City <br />of Santa Ana, a charter city and municipal corporation ("City"). <br />IJIKNYIVIC`A <br />A. The Housing Authority of the City of Santa Ana ("Housing Authority") owns one <br />parcel located at 1136 East Washington Avenue (APN 398-092-14) totaling approximately <br />1.43 acres of land area ("Housing Authority Parcel'). The County of Orange ("County") <br />owns an adjacent parcel (APN 398-092-13) totaling approximately 0.85 acres of land area <br />("County Parcel'). The two parcels will be merged into one parcel ("Property") and co - <br />owned by the Housing Authority and the County as Tenants -In -Common. The Property is <br />located in the City of Santa Ana, more particularly described in Exhibit A, which is <br />attached hereto and incorporated herein by this reference. <br />B. The Housing Authority and the County will ground lease the Property to the <br />Developer for sixty-two (62) years from the Certificate of Completion, but no more than sixty- <br />five (65) years from the date of execution of the Ground Lease. <br />C. The Developer and the City have entered into that certain NSP Loan Agreement, <br />dated on or about the date hereof ("Loan Agreement'), for the purpose of providing eighty- <br />six (86) units of housing that will be affordable to Extremely Low Income households <br />("Restricted Units"), with one un-restricted unit reserved for an on -site manager, to which <br />these Restrictions are attached as Exhibit F (any capitalized term that is not otherwise <br />The Crossroads at Washington <br />City NSP Affordability Restrictions on Transfer of Property <br />