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V, Execution of Inclusionary Housing Covenants Declaration and City <br />Deed of Trust <br />The Developer shall not sell an Inclusionary Unit unless and until the City has <br />reviewed and approved the Homebuyer as an Eligible Purchaser for the <br />purchase of the Inclusionary Housing Unit, and the Homebuyer has executed <br />and submitted to the Program Director, in recordable form, the Incluslonary <br />Housing Covenants Declaration and the City Heed of Trust, The forms to be <br />used are found in Exhibits 5 and 6, respectively, to this Inclusionary Housing <br />Agreement. <br />Vi. Enforcement of Inclusionary dousing Covenants Declaration <br />The Developer Irrevocably stipulates and agrees that breach of the Inclusionary <br />Housing Covenants set forth above in Article 2 — Section II will result in great and <br />irreparable damage to the City, and will result in damages to the City that are <br />either Impracticable or extremely difficult to quantify. Accordingly, upon the <br />breach of the Inclusionary Housing Covenants Declaration set forth above in <br />Article 2 — Section ll, the City may 'institute an action for injunctive relief and/or <br />specific performance for the remedy of such breach. <br />V11. Recordation of Inclusionary Housing Covenants. Declaration and City <br />Deed of Trust <br />Prior to the close: of each Inclusionary Unit Escrow, each Homebuyer shall sign, <br />and the City shall cause to be recorded, the City Deed of Trust and the <br />Inclusionary Housing Covenants Declaration. <br />Inclusionary Housing A4raamant- Owncrchip Project Page 9a- <br />City of Santa. Airs January 2D <br />32A -49 <br />