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DEVELOPMENT AGREEMENT BETWEEN <br />THE CITY OF SANTA ANA AND <br />HOUSING (FIRST STREET- PARTtd S)- A.y.Ll1, LLCP <br />This FJR..ST,AM D AND RESTATED DEVELOPMENT AGREEMENT ("Agreen1e4*) <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 49i1 F..- 1 -TLYON HOUSING {FIRST STREET - PAR -T ERSL L Y ll, LLC; a <br />Delaware limited liability company ( °Owner " -ar `�pe"wney-) The tty and Owner <br />reement as the "Panties a afly a "Party." <br />RECITALS. The First Atnonded and Res t oL2P__nte _ Agreement is <br />entered into with reference to the following facts, <br />III (1 -y, -The <br />real property <br />located at 1901 <br />'Lst Street in the- Qty-of -Santa Ana, <br />a 518The Pro rerty 51 acre parcel of-- land -wiffi - tile Kalr..a_E t <br />Mixed Use Overlay Zone that is located at the northeast comer of First <br />Street and Cabrillo Park Drivex r�roxe ryaxEict +lady etescrit�ecl i+r section LzS r>f <br />., i <br />ca) <br />€ r3907I1GZ611 \12379 1 55 1itIS32.v2,i ..t _ <br />75A -57 <br />