Laserfiche WebLink
l <br />1 <br />CHICAGO T1TLF -? SDftr1SIOk <br />RECORDING REQUESTED BY <br />AND WHEN RECORDED RETURN TO: <br />11/14/03 <br />Recorded In Official Records, County of Orange <br />Tom Daly, Clerk- Recorder <br />IlllllllilllllllllllllllllllllllllpRIIIIIIIIIIIiIIIIIEIIIII NO FEE <br />City of Santa Ana 2003001478009 01:22pm 12112103 <br />Community Development Agency 102 122 Al2 31 <br />Housing Department M -37 0.0o 0.00 0,00 0.00 0.00 0.00 0.00 0.00 <br />20 Civic Center Plaza, P Floor <br />P.O. Bpx 1988 <br />Santa Ana, California 92702 <br />SPACE ABOVE THIS LINE FOR RECORDING USE <br />FREE RECORDING REQUESTED <br />[Government Code Section 5103] <br />AGREEMENT CONTAINING COVENANTS <br />THIS AGREEMENT CONTAINING COVENANTS (the "Agreement ") is <br />entered into as of November 1 2003, by and among <br />FOUNTAINHEAD PARTNERS, L.P., a California limited partnership, comprised of, <br />among others, ORANGE HOUSING DEVELOPMENT CORPORATION and MOSAIC <br />HOUSING GROUP, LLC (collectively the "DEVELOPER "} and the CITY OF SANTA <br />ANA, a charter city and municipal corporation (the "City") and the COMMUNITY <br />REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA, a public body, <br />corporate and politic (the "Agency"). <br />RECITALS: <br />A. DEVELOPER. is the owner of that certain real property (the "Property ") <br />located in the City of Santa Ana more particularly described in Exhibit A, which is <br />attached hereto and incorporated herein by this reference; and <br />B. For the purpose of providing housing that will be affordable to Very Low <br />and Low Income households, the DEVELOPER, the Agency and the City have entered <br />into that certain Loan Agreement, dated on or about the date hereof (the "Loan <br />Agreement") to which this Agreement is attached as Exhibit H, which, along with all of <br />its attachments, is incorporated herein by this reference (any capitalized term that is not <br />otherwise defined in this Agreement shall have the meaning ascribed to such term in the <br />Loan Agreement); and <br />C. The Loan Agreement provides, among other things, for the use of the <br />Property for senior housing for seniors fifty -five years and older, with not less than <br />eleven (11) HOME Assisted Units being restricted to Very Low and Low Income <br />households, at .Affordable Rent; and <br />/7 ! -� I , ., ) <br />1 of 14 <br />