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EXHIBIT E <br /> NOTICE OF AFFORDABILITY RESTRICTIONS ON TRANSFER OF PROPERTY <br /> NOTICE IS HEREBY GIVEN that the CITY OF SANTA ANA, a charter city and municipal <br /> corporation organized and existing under the Constitution and laws of the State of California,has <br /> entered into a Density Bonus Agreement with , a <br /> ("Property Owner"). The Density Bonus Agreement imposes <br /> income and affordability covenants on designated Affordable Units with the Project located at <br /> , Santa Ana, Orange County,Assessor's Parcel Number <br /> and further described in the legal description provided in Exhibit A to the <br /> Density Bonus Agreement, <br /> The Density Bonus Agreement was recorded as Document/Instrument Number <br /> , and shall remain in effect until , 20 <br /> (Insert date of the termination of the Affordability Period). The Density Bonus Agreement <br /> imposes the following income and affordability restrictions on the Affordable Units. <br /> Number of Bedrooms Very-Low Low <br /> Income Income <br /> Households Households <br /> Studio Units <br /> One-Bedroom Units <br /> Two-Bedroom Units <br /> Three-Bedroom Units <br /> Four-Bedroom Units <br /> In the event the Property Owner wishes to sell or transfer the Project during the Affordability <br /> Period, the City and the Property Owner shall execute and deposit into escrow this Notice of <br /> Affordability Covenants on Transfer of the Property. The sale or transfer of the Property shall <br /> not be effective unless and until the City and transferee execute the documents necessary to <br /> transfer the Density Bonus Agreement obligations from the Property Owner to the transferee. <br /> This Notice of Affordability Covenants on Transfer of the Property in no way modifies the <br /> provisions of the Density Bonus Agreement. In the event of any conflict between this Notice of <br /> Affordability Covenants on Transfer of the Property and the Density Bonus Agreement,the <br /> terms of the Density Bonus Agreement shall prevail. <br /> IN WITNESS WHEREOF,the Parties hereto have duly executed this Notice of Affordability <br /> Restrictions on Transfer of Property as of the dates set forth below. <br /> [Signatures on Following Pages] <br />