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INSURANCE NOT REQUIRED A-2022-254-05 WORK MAY PROCEED CLERK OF THE COUNCIL CITY OF SANTA ANA DATE: COMMERCIAL PROPERTY COMPLIANCE ASSISTANCE PROGRAM n, PROGRAM BENEFITS AND PROPERTY MAINTENANCE AGREEMENT CV V This PROGRAM BENEFITS AND PROPERTY MAINTENANCE AGREEMENT ("Agreement") is effective upon J---y 25, 2023 ("Effective Date"). This Agreement is entered into by cr and between the City of Santa Ana ("City") and Misook An ("Owner"). Cl- o ,' Ye,kk �� g) �S "�� RECITALS WHEREAS, the City of Santa Ana has established a Commercial Property Compliance Assistance Program ("Program") for application within the Qualified Census Tract as established by the U.S. Department of Housing and Urban Development; and WHEREAS, pursuant to the Program, the City provides grant funding up to $50,000 to commercial property owners whose application to the Program has been approved by the City for fagade and other eligible improvements to their property; and WHEREAS, Owner made an application under the Program with respect to the improvements described herein at the real property located at 1055 W First St in Santa Ana, CA, which is more particularly described in the legal description attached hereto as Attachment "A" and incorporated herein ("Property"); and WHEREAS, City approved Owner's Program application on January 25, 2023 ; and WHEREAS, under the Program, Owner will make certain improvements to the Property for which Owner will be receiving financial assistance from City and that are more particularly described in the specifications attached hereto as Attachment `B" ("Improvements"); and WHEREAS, pursuant to the Program's terms and conditions, Owner is required to enter into this Agreement to ensure the proper compliance with approval conditions, operational restrictions, maintenance, and upkeep of the Improvements. The Parties therefore agree as follows: Section 1. RECITALS. The Recitals above are true and correct and incorporated into the body of this Agreement by this reference. Section 2. REIMBURSEMENTS. The City shall reimburse the OWNER for the cost of Improvements in the amount of $ 50,000.00 , In exchange for these funds, Owner expressly acknowledges and agrees to the entire terms and conditions of the Program as described in the Program brochure, which are hereby incorporated by reference as though fully set forth herein. Section 3. NO OTHER ELIGIBLE IMPROVEMENTS. No improvement that is not described on Exhibit B and approved by the City is eligible for the reimbursement.