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ARTICLE 2 <br />INCLUSIONARY HOUSING COVENANTS <br />I. Developer Compliance with the Ordinance <br />The Developer acknowledges that the City has provided the Developer with <br />copies of the Ordinance. The Developer is familiar with the requirements of the <br />Ordinance and shall ensure that the Project complies in all material respects with <br />this Inclusionary Housing Agreement and the requirements set forth in the <br />Ordinance. <br />tl. In -Lieu Fee <br />In lieu of providing any Inclusionary Units, the Developer shall pay to the City the <br />sum of $1,221,437.20 prior to obtaining the first building permit related to the <br />Project. <br />Inclusionary Housing Agreement Page 8 <br />City of Santa Ana <br />25A -12 <br />