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~~~~iY1L' ~ 1 1 <br /> RE~~IIN REi~~STED BY, ~ <br /> A~I~ Rl~~~~I~ MAIL ~ro ~ } <br /> or~utrit~r Redeveloptnetrt Agency ) <br /> of fhe ~ of Santa At7a ~ <br /> 0 Civic ~etrter Plaza ~ <br /> Santa Anaa alifarnia ~7~~ } <br /> Attn, ~~ecrttive director ~ <br /> Tll~~ dacrttrret7t rs exempt fronr paytrrent ofa <br /> recardit7g fee prtrsrtanf to avet•trrrrent Code <br /> Sections X7383 acid ~ ~ 03. <br /> ~L~~LA~'~1~~' A~~~~ViE~T <br /> . T~~S ~ULATR~ ~.~.~~NI~~T the "Agt'een~~tlt"~ is entered into as of <br /> ~ X010, and between the ~~N~T~ RED~'~~L~P~I~'~ <br /> A~~~~ THE ~`~Y ~r SANTA ANA, ~ p~rbiic body, corporate acrd politic the <br /> `;Aetxcy"~, at~~ ~t~l~ cc~~~~l~pe~•~~~~ <br /> I~ECITAI~.S <br /> Developer lras ac~rtired from the Agency certain real property loeate~ ~~~ithir~ tl~e <br /> pity of Sat~ta At~a, as parttc~~larly described ttr the legal Uescr•iption attached l~ereto a <br /> Exiribit A, ~vhiclx is incor;parated ~rer•ein by reference the "Site"), <br /> Developer desires to constr~~ct a n~uitifatrril~ affordable l~ortit~g de~reioprnent, <br /> ~vl~icl~ will eon~ist of a trrit~i~~~~~r~ of snits the "~-~ousir~g ~'roect'~}, at~d. to t~rake <br /> available at~d ~~et~t tl~e aparttr~etit ~?n~ts 4v~tl~it~ tyre ~~otxstt~g Project the "~ousit~g Ut~its~} to <br /> e~tretrrel~ at~d very low ~ncorne persons at ate affordable retrt~ Tt~e Hausitr Project is sometimes <br /> referred to hereitr as tl~e "P~~o~ect." <br /> developer and Age~~c~ have et~tered into a Drsposttiat~ at~d Develaprrretit <br /> Agreett~ent ~tlze "DMA"} dated as of ~ ~ ~ ~ ~ , 20 l S~rbject to tt~e tea~tns and <br /> C~~1d1t10~1S tllerelt~~ tl~e ~]eveloper lras agreed to acquire the Site and construct and ope~•ate tl~e <br /> ~o~~sing Project, the Agency has agreed to provide fit~ax~cial assistat~ce to Developer, and the <br /> Developer has agreed to r~rake available and lease all of the Ha~r~irig L~rrits to ~~tre~nely arid. <br /> Ver•~~ Lo~v ~ncon~e ~auseholds, all at an Affordable Ret1t has those terns ar•e defined hereirl~, <br /> Tl~e eecrrtion acrd r;ecord~~~ o~this Agteemerrt is a ~•equirernerit oftire D~A~ <br /> N~, TH~R~"0, tine parties l~ereta agree as fallo~vs: <br /> umbct~ of ~fl~orc~abie ~enll Uzzi~. Developer covenants and agrees to n~al~e <br /> available, r~etrict occupat~cy ta, and refit the Rental knits at arr affordable ret~t pur~atrt to <br /> Sectiotr 5 below, as folla~~~s; <br /> AT~'A~~~II~T 7- ~ <br /> <br /> DOCS~~l1 ~00~?~~~13i2~0~7~-~~~1 <br /> <br />