100608 Exclusive Neg Agmt Goodwill Ind and Foundation for Affordable Hsg

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EXCLUSIVE NEGOTIATION AGREEMENT [Forest Paul Project — Special Needs Housing] This Exclusive Negotiating Agreement ( "Agreement ") is entered into on this 6th day of October, 2008, by and between the COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA, a redevelopment agency pursuant to California Health & Safety Code section 33000 et seq. and a public body, corporate and politic (the "Agency "), and VISTA DEL RIO HOUSING PARTNERS, L.P., a California limited partnership (the "Developer "), each of which is referred to herein as "Party." RECITALS A. The Agency is responsible for implementation of the Redevelopment Plan for the Merged Project Area, which includes the area formerly known as the Bristol Redevelopment Project Area (the "Redevelopment Plan "). The Redevelopment Plan affects and controls development and use of all real property located within an area within the City of Santa Ana, California, more particularly described and set forth in the Redevelopment Plan (the "Project Area "). B. In furtherance of the objectives of the Community Redevelopment Law of the State of California, Health and Safety Code Section 33000, et seq., the Agency desires to review the feasibility and consider the redevelopment of certain parcel of vacant land, of approximately 3.2 acres, within the Project Area, located generally at 1600 Garden Grove Blvd., in the City of Santa Ana, as shown on the site map attached hereto as Attachment No. 1 (the "Site "). Attachment No. 1 also shows approximately 0.51 acres owned by the Agency immediately adjacent to the Site that is currently proposed to be transferred to the City of Santa Ana for park purposes. C. The Developer has submitted a proposal for development of the Site with a design and terms worthy of further exploration on the feasibility of the development of the Site (the "Project "). D. A central element of Developer's proposal is a MHP Supportive Housing Loan from the California Department of Housing and Community Development (the "MHP Loan "). The application for the MHP Loan requires that the Agency and Developer enter into this Agreement in order to demonstrate control of the Site. AGREEMENT NOW, THEREFORE, the Agency and Developer hereto mutually agree as follows: Section 1. Term of Agreement. The term of this Agreement shall commence on the date hereof and shall end on October 6, 2009, unless terminated earlier by either party as permitted in Section 5 of this Agreement (the "ENA Period "). Notwithstanding the foregoing, if a Disposition and Development Agreement ( "DDA ") is executed by the Agency and the Developer EXHIBIT 2 2.A. - 4