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FIRST NDMENT T® <br />I~EVEI_,P1i~IEN'I' A.~D AISP®SITI41\T AGREElV~ENT <br />THIS FIRST AMENDMENT TO DISPOSITION AND DEVELOPMENT <br />AGREEMENT (this "First Amendment"} is entered into as of 2011 by and <br />between the COM1V>CCTN><TY REDEVELOPMENT AGENCY OF TIE CITY OF SANTA ANA, <br />a public body, corporate and politic (the "Agency"), and SANTA ANA STATION DISTRICT, <br />LLC, a California limited liability company (the "Developer"}. <br />RECITALS <br />A. The Agency arzd the Developer have en~~i"~~: ~~~ito a Disposition and Development <br />Agreement ("DDA"), dated as of June 7, 2010, which pxt3:~'des tae Agency to acquire possession <br />of and assemble an approximately six {6) acre site (,`.,`~~te"}' Iocatecl'`F;anta Ana, California ("City"), <br />and in turn to convey the Site to Developer in phases°~The DDA fitrtlierpxovides for the Developer <br />to develop, construct, and operate a number cri~"~Fai•dable housing untis-~"Project"), the details of <br />which are described more particularly in the '`~~S4pe of Development" iitta~hed to the DDA as <br />Attachment No. 5. - -.:.:.::..._. _ _ _ .._.:_.... <br />.. <br />B. Developer, City, and =er~cy;entered into==a=~ltlement Agreement dated as of April <br />18, 2011 with certain other parties ("S~t~~~i~~1Agreemerit?3)`~'he Settlement Agreement relates to <br />and affects the development of the Site an;~;xegi~ir that certain ~~a'anges be made to the DDA. <br />:.:~.., <br />~, ~s::: ......:....... ~,. <br />C. The artz~e~efare now~'c~~ it i~~t~~~;;::best ~it`C.~aests to amend the DDA b <br />amending and restating the Scope ~~ Developi~e~t, ai~d~malet~ig.:o~her related changes in accordance <br />with the terms and cottd~tzons set fort`lz~in this Fu.st~}~iendment. <br />herein, <br />NOW <br />mutual covenants and undertakings set forth <br />:'receipt and sufficiency of which are hereby <br />ree as follows; <br />I`~'~~~;> Defined Tear <br />this First Arri'~~clment shall ha <br />2. Siro~e;.,of De. <br />Attachment No. 5, is ~nereby c <br />this First Amendment~a`s~~hil <br />in the DDA• AlI capitalized and defined teirns used in <br />~~iven to them in the DDA, <br />int. The Scope of Development attached to the DDA as <br />and replaced with the new Scope of Development, attached to <br />3. Site Map. Tfie Site Map attached to the DDA as Attachment No. 1, is hereby deleted <br />and replaced with the new Site Map, attached to this First Amendment as Exhibit 2. <br />4. Definitions. The definitions of "For Sale Portion of the Project," "For Sale Unit(s)," <br />"Phase FS," and "Phase R-2" shall be deleted and xeplaced with the fallowing definitions <br />(a) "For-Sale Portlofe of tYie Project" means that portion of the Project that <br />consists of the For-Sale Units (including the Affordable For-Sale Units). The <br />For-Sale Portion of the Project consists of three (3) Lots as identified on the <br />Site Map and maybe constn~cted in multiple phases, and shall include any <br />E hibit 3 <br />F°QCSOC/14s1239v3/200272-0001 ~ ~ g <br />