Laserfiche WebLink
1 <br />9138-126780\1517029.2 <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 />________________________________________________________________________ <br />Free Recording pursuant to <br />Government Code 27383 <br />DENSITY BONUS HOUSING AGREEMENT <br />This DENSITY BONUS HOUSING AGREEMENT (“Agreement”), made and entered <br />into this 21st 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 />RECITALS <br />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 />Owner”), entered into that certain Option to Lease (the “Option Agreement”), pursuant to which <br />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 />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 />(“Property”). <br />B.Each of Developer and JHC-Acquisitions is an affiliate of Jamboree Housing <br />Corporation, a California nonprofit public benefit corporation. Developer and the Property Owner <br />intend for (i) Developer to assume from JHC-Acquisitions all of JHC-Acquisitions’ rights and <br />obligations under the Option to Lease, and pursuant thereto to ground lease the Property from <br />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 />EXHIBIT 5