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RECORDING REQUESTED BY: <br /> Recorded in Officio! 'Records, Orange County <br /> Nguyen, Clerk-Recorder <br /> AND WHEN RECORDED MAIL TO: Hugh <br /> fl�i!!II lhII�I�il►S!BiI I lI��� i��!III IIII!�►III 1111111 NO FEE <br /> City of Santa Ana * $ R 0 0 1 52 4 39 9 5 $ * <br /> Clerk of the Council 2024000296378 11:41 am 11/13/24 <br /> 20 Civic Center Plaza(M-30) 503 RWIA Alt 001 41 <br /> P.O. Box 1988 0.00 0.00 0.00 0.00 120.00 0.00 0.000.000.00 0.00 <br /> Santa Ana, California 92702 <br /> Attention: City Clerk <br /> NOV 0 7 2024 Return FULLY EXECUTED Free Recording pursuant to ,, � <br /> D•.G� <br /> A (-‘) �> Copy to City Clerk, M-30 A-2024-170 Government Code 27383 �!/V <br /> (c\uud.",-"4: AFFORDABLE HOUSING REGULATORY AGREEMENT WITH DECLARATION OF �(F <br /> COVENANTS AND RESTRICTIONS <br /> (918 North Bewley Street [APN 198-231-10]) <br /> This AFFORDABLE HOUSING REGULATORY AGREEMENT WITH DECLARATION <br /> OF COVENANTS AND RESTRICTIONS ("Regulatory Agreement"), made and entered into this 15th <br /> day of October, 2024 ("Effective Date"), by and between the City of Santa Ana, a charter city and <br /> municipal corporation of the State of California ("City"), and Illumination Foundation, a <br /> California nonprofit corporation ("Owner"). City and Owner are sometimes referred to collectively <br /> as the "Parties" and individually as a"Party." <br /> RECITALS <br /> A. Owner is the owner of that certain property located within the City of Santa Ana, <br /> County of Orange, State of California, commonly known as 918 N. Bewley Street, <br /> Santa Ana, California 92703, with Assessor Parcel Number 198-231-10, with the <br /> legal description set forth in Exhibit A attached hereto and incorporated herein by <br /> this reference ("Property"). <br /> B. City and Owner have entered into a Conditional Grant Agreement, pursuant to <br /> which, City agreed to provide a Homeless Housing, Assistance, and Prevention <br /> grant(the"HHAP Grant") in an amount up to Two Million Twenty One Thousand <br /> Three Hundred Nineteen Dollars($2,021,319)to Owner for renovating the existing <br /> residential buildings for the purpose of using the Property as an affordable housing <br /> project with ten(10) affordable units for homeless seniors and homeless youth, and <br /> one unrestricted manager's unit (the"Project"). The affordable units in the Project <br /> shall include: one (1) one-bedroom unit, seven(7) two-bedroom units, and two (2) <br /> three-bedroom units. The Project also includes twenty-nine (29) parking spaces, <br /> with twenty(20)spaces for residents and nine(9)spaces for the intended preschool, <br /> with one (1) accessible space and one(1) loading parking stall. <br /> C. As a condition of receiving the HHAP Grant, Owner agrees that this Regulatory <br /> Agreement shall be recorded against the Property prior to disbursement of any <br /> portion of the HHAP Grant and that the Property and the Project shall be subject to <br />