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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 92702 <br />Attention. City Clerk <br />To be recorded without fee. (Space Above This Line For Recorder's Use Only) <br />(Government Code, §§ 6103 and 27363) <br />INCLUS1ONARY HOUSING AGREEMENT <br />THIS INCLUSIONARY HOUSING AGREEMENT is dated as of <br />, 2015, by and between the CITY OF Santa Ana, a charter <br />city and California municipal corporation, and 520 South Harbor, LLC a California <br />limited liability company ( "Developer "), <br />A. The City's Inclusionary Housing Ordinance ( "Ordinance"} became effective <br />on November 28, 2011: <br />B. The City's Ordinance is being reviewed and updated by the City Council. <br />Developer will be able to choose to comply with the Ordinance as it <br />currently reads, or can choose to comply with the Ordinance as revised. If <br />the in -lieu fee described herein is revised due to changes in the <br />Ordinance, this Agreement and any relevant exhibits can be revised <br />without the requirement of subsequent City Council approval <br />C. The Developer is the fee owner of the Property located at 520 S. Harbor <br />Boulevard, Santa Ana, California. <br />D. The Developer desires to, at the Developer's sole cost and expense, <br />develop a thirty -five (35) unit Project on the Property. <br />E. On 2015, the City Council approved Ordinance /Resolution <br />Number _ , which sets forth the City Approvals for the Project. <br />EXHIBIT B <br />Incluslonary Housing Agreement Pagel <br />City of Santa Ana �� �_� February 17, 2015 <br />1 S03 \14 \'1854522.2 <br />