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ATTACHMENT NO, <br />RECORDING REQUESTED BY, <br />AND WHEN RECORDED MAIL TO: <br />} <br />Community, Redeveiopinerrt Agency <br />of the City of Santa Ana <br />Civic Center Plaza <br />Santa Ana, California 92702 <br />Attn: Executive Director <br />This document is exempt from payment of <br />recording fee pursuant to Government Code <br />Sections 27383 and 6103. <br />E GULATORY AGREEMENT <br />THIS RE GULAT R <br />2010, <br />AGENCY OF THE CITY OF <br />"Agency "), and <br />. .G EEMENT (the "A.greenient" ) is entered into as of <br />by and between the COMMUNITY REDEVELOPMENT <br />SANTA ANA, a public body, corporate and politic (the <br />(the "Developer"). <br />RECITALS <br />A. Developer has acquired from the Agency certain real property located within the <br />City of Santa Ana, as particularly described in the Legal Description attached hereto as <br />Exhibit A, Ulrich is incorporated herein b y reference (the "Site" ). <br />B. Developer desires to construct multifamily affordable housing de �elopr ent, <br />...... ...... . . .... <br />iohe "Housing jecV% ar to rao lies ill eosit f ririxr <br />available and rent the apartment units within the Housing Project the "Housing Units to <br />extremely and very low income persons at an affordable rent. The Housing Project is sometimes <br />es <br />referred to herein as the "Project." <br />C. Developer and Agency have entered into a Disposition and Development <br />Agreement (the "D DA") dated as o , 2 l Subject to the exit and <br />conditions therein, the Developer has agreed to acquire the Site and construct and operate the <br />Housing Project, the Agency has agreed to provide financial assistance to Developer, and the <br />Developer has agreed to inake available and lease all of the Housing Units to Extremely and <br />Very Low Income Households, all at are Affordable Rent (as those terilis are defined herein). <br />The execution and recording of this Agreement is a requirement of the DDA . <br />NOW, THER-E, FOR , the parties hereto agree as follows: <br />11 Number of Affordable Rental Units. Developer covenants and agrees to make <br />available, restrict occupancy to, and rent. the Rental Units at are affordable rest puns lit to <br />Section 5 below, as follows: <br />ATTACHMENT NO. 7-1 <br />DO CSOC/ 100"7N, 13/200272-0001 <br />