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25G - AGMT - INCLUSIONARY HOUSING AGMT
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25G - AGMT - INCLUSIONARY HOUSING AGMT
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Last modified
4/2/2015 4:28:32 PM
Creation date
4/2/2015 3:22:49 PM
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Template:
City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
25G
Date
4/7/2015
Destruction Year
2020
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City of Santa Ana <br />20 Civic Center Flaw <br />Santa Ana, California 927131 <br />Attention: City Clerk <br />d bo ew=rdod wfiboui ieo. (Spam Above This Line For Recorder's Use only) <br />iGovernmeflt Code. §$ fi143 and 27383) <br />AGREEMENT <br />AT (PROPERTY a fb D r. <br />This IDECI.ARATION OF INCLUSIONARY HOUSING COVENANTS, RESALE <br />RE5TRICTIGNS AND CITY'S OPTION TO PURCHASE AGREEMENT <br />( "Inclusicnary Housing Covenants Declaration "), dated as of , is <br />made by and between ("Homebuyer") and the <br />CITY OF SANTA ANA ( "City"), a charter city and Municipal corporation organized <br />and existing under the Constitution and laws of the state of California. <br />A, The Homebuyer is acquiring title to an Incluslonary Unit, which is more <br />particularly described in Exhibit 1. The Inclusionary unit was originally <br />constructed as part of a development that was approved by the City <br />subject to the requirement that one or more of the units be designated and <br />maintained as affordable to Moderate Income Households. <br />B. The Homebuyer is a Moderate Income Household as defined in this <br />Inclusionary Housing Covenant Declaration, and meets the eligibility <br />requirements necessary to acquire the Incluslonary Unit as set forth in <br />Section IV of the Administrative Procedures Manual. <br />w_.. fncl uslb,aiy Hrausing Covanan {v fluauiaralinn ^ page 1 <br />City of Saa1a Am January <br />25G -37 <br />
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