Laserfiche WebLink
Inclusionary Housing Agreement, or for the enforcement of any provisions of this <br />Agreement, except as expressly provided otherwise herein. <br />XI. Entire Agreement <br />This lnclusionary Housing Agreement integrates all of the terms and conditions <br />mentioned herein or incidental herete. This Incluslonary Housing Agreement <br />supersedes all negotiations or previous agreement between the Parties with <br />respect to all or any portion of the Property and the Project thereof. <br />The developer and the City agree to permit recordation of this lnclusicrary <br />Housing Agreement, against the Inclusionary Units in the Office of the County <br />Recorder of Orange County, California The legal description for the Inclusionary <br />Units is provided in Exhibit 10 to this Inclusionary Housing Agreement. <br />Xlil. Termination <br />Except as set forth elsewhere, this Inclusionary Housing Agreement shall be <br />effective until all of the following have been completed: <br />All of the Inclusionary Units have been constructed and sold by the <br />Developer to Eligible Purchasers, <br />2. The Inclusionary Housing Covenants Declaration (Exhibit 5) has been <br />recorded against each Inolusionary Unit; <br />3. The City Geed of Trust (Exhibit 6) has been recorded against each <br />Inclusionary Unit. <br />Upon satisfaction of the above - referenced items, this Inclusionary Housing <br />Agreement shall automatically and immediately terminate and shall have no <br />further farce and effect. Upon the termination of this Inclusionary Housing <br />Agreement, the Developer shall have no further obligations or liability hereunder, <br />or any responsibility with respect to the Inclusionary Units, The City anti the <br />Developer agree to promptly execute, acknowledge and deliver for recordation <br />any documents that may be necessary to remove this Inclusionary Housing <br />Agreement as encumbrance against title to any portion of the Property.. <br />IN WITNESS WHEREOF, the Parties hereto have duly executed this <br />Inclusionary Housing Agreement as of the dates set forth below. <br />lndusionary Houshg Agreement • Gvmership Fmiec[ Page Pi <br />City of 9anka Ana <br />25G -23 <br />