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DEVELOPMENT AGREEMENT BETWEEN <br />THE CITY OF SANTA ANA AND <br />'ON HOUSING (FIRST STREET-PARTNERS"", LLC, <br />This FIRST AMENDED AND RESTATED DEVELOPMENT AGREEMENT ("Agreement") <br />is entered into between THE CITY OF SANTA ANA, a charter city and municipal <br />corporation duly authorized under the Constitution and laws of the State of California <br />( "City ") and 490;T. 1S LYON HOUSING (FIRST STREETn- ePrA"}RlT. NERS <br />-X, LLC, a <br />Delaware limited liability company ( "Owner" Rrepe <br />The Citv and Owner <br />RECITALS. The First Anianded and Restated Developmen Agreement is <br />entered into with reference to the following facts: <br />'44- Furpe6e: <br />1.1 (1-} -The - development- -e(- the <br />Property. The real property which is the subiect of this First Amended <br />and Restated Development Agreement is located at 1901 East Firs E. <br />1.2 <br />the- Qty-ef -Santa Ana, <br />a-&-19The Property is a 5.1 acre parcel of- tandwithin the Metro East <br />Mixed Use Overlay Zone that is located at the northeast comer of First <br />Street and Cabrillo Park Drive -tnore pawrvlar4- dew6bea iq sAntqmn 2 fi nf <br />W <br />6W02062614W2374,5544_88.120i -1- <br />75A -97 <br />