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1110 R 1163 <br />iNCLUSIONARY HOUSING COVENANTS <br />Developer Compliance with the Ordinance <br />The Developer acknowledges that the City has provided the Developer with <br />copies of the [ordinance and the Administrative Procedures Manual. The <br />Developer Is familiar with the requirements of all the foregoing documents and <br />shall ensure that the Project complies in all material respects with this <br />Inclusionary Housing Agreement and the requirements set forth in all the <br />foregoing documents. <br />It. Inclusionary Housing Covenants <br />The Developer covenants and agrees that Ewelve 12) of the units to be <br />developed on the Property shall be Inclusionary Units reserved for sale at the <br />Affordable Sales Price and occupancy by Homebuyers whose gross Household <br />Income at the time of occupancy of each Inclusionary Unit clods not exceed the <br />household income qualification limits ofa Moderate Income Household. This <br />covenant and agreement shall be binding on the successors and assigns of <br />Developer, as set forth herein and in the Inclusjonary Housing Covenants <br />Declaration (Exhibit 5) and the City Deed of Trust (Exhibit 6). <br />{I -A. The Inclusionary Units to be developed on the Property shall be <br />reasonably dispersed throughout the market rate project as depicted on <br />Exhibit 3. The Developer may change the location of any Incluslonary <br />Unit to another area within the Project upon approval of the Program <br />Director. Changes in the location of Inclusionary Units as approved on the <br />Tentative Subdivision Map in which the Project is included shall be made <br />consistent with all requirements of the Ordinance and the Administrative <br />Procedures Manual, and shall be subject to the approval of the Program <br />Director, such approval not to be unreasonably withheld. <br />II -B, The Inclusionary Units to be developed on the Property shall be <br />proportional in the number of bedrooms to the market rate units in the <br />Project; they shall be comparable to the market rate units in terms of <br />design, materials, finished quality and appearance; and be permitted the <br />same access to the Project amenities and recreation facilities as the <br />market rate units. <br />FncI us ion ary Housing Ague -einai t - 0— "iarshlp Project W# 1j_ <br />City +oF Santa. Ana January 2015 <br />32A -47 <br />