Laserfiche WebLink
A- 2013- 072 -01 <br />RECORDING REQUESTED BY [E �� 1� 7 <br />AND WHEN RECORDED RETURN TO: <br />City of Santa Ana <br />Community Development Agency <br />Housing Department M -37 <br />20 Civic Center Plaza, 6h Floor <br />P.O. Box 1988 <br />Santa Ana, California 92702 <br />Attention: Housing Manager <br />SPACE ABOVE THIS LINE FOR RECORDING USE <br />FREE RECORDING REQUESTED <br />[Government Code Section 6103] <br />AMENDMENT TO <br />AFFORDABILITY RESTRICTIONS <br />ON TRANSFER OF PROPERTY <br />(923 N. Santiago, Santa Ana, CA) <br />THIS AMENDMENT TO AFFORDABILITY RESTRICTIONS ON TRANSFER <br />OF PROPERTY (the "Amendment") is entered into as of June 1% , 2014, by and among <br />and Depot at Santiago, L.P., (referred to herein as the "Developer ") a California limited <br />partnership and the City of Santa Ana, a charter city and municipal corporation organized <br />and existing under the Constitution and laws of the State of California (the "City"). <br />RECITALS: <br />A. Developer and the City entered into the Affordability Restrictions on <br />transfer of Property ( "Agreement ") dated July 11, 2013, which was recorded in the <br />Official Records, Orange County California on August 9, 2013 ( 42013000476766). <br />B. The Agreement provides, among other things, for the use of the Property <br />for affordable housing with the Assisted Units being restricted to being rented to <br />Extremely Low, Very Low and Low Income households. <br />C. The parties hereto now desire to amend the Agreement so as to provide for <br />the following distribution of units. <br />NOW, THEREFORE, the parties hereby agree as follows: <br />1. The parties agree that Section 3.1 A. and B. of the Agreement shall be <br />amended to reflect that the number of HOME assisted units is eleven (11), and HOME <br />traits will be floating and designated to three - bedroom units. <br />