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RECORDING REQUESTED BY <br />AND WHEN RECORDED MAIL TO: <br />City of Santa Ana <br />20 Civic Center Plaza <br />Santa Ana, California 92701 <br />Attention: City Clerk <br />To be recorded without fee. (Space Above This Line For Recorder's Use Only) <br />(Government Code, §§ 6103 and 27383) <br />INCLUSIONARY HOUSING AGREEMENT <br />1901 E. FIRST STREET <br />-- — THIS INCLUSIONARY HOUSING AGREEMENT is dated as of October 15, <br />2014, by and between the CITY OF SANTA ANA, a charter city and municipal <br />corporation organized and existing under the Constitution and laws of the State <br />of California (the "City "), and 1901 FIRST STREET OWNER, LLC, a Delaware <br />limited- iiability company- ("Property- Owner "). <br />RECITALS <br />A. The City's Housing Opportunity ( "Ordinance ") was adopted by the City <br />Council on November 28, 2011 and is codified in Article XVIII.1 Section 41 <br />— 1900 of the City's Municipal Code. <br />B. The Property Owner is the fee owner of the Property located at 1901 E. <br />First Street, Santa Ana, California. <br />C. The Property Owner desires to, at the Property Owner's sole cost and <br />expense, develop a two hundred and sixty -four (264) unit Project on the <br />Property. <br />D. On November 18, 2013, the City Council approved Vesting Tentative Map <br />No. 2013 -04 and Site Plan Review No. 2013 -03 (the "Site Plan "). On that <br />date, the City Council also adopted Ordinance No. NS -2850 approving an <br />amendment to Development Agreement No. 2007 -01(as amended, the <br />"DA "), which collectively set forth the City Approvals for the Project. <br />Incluslonary Housing Agreement — Rental Project Page 1 <br />City of Santa Ana Exhibit 7 September 18, 2014 <br />19H -3 <br />