OLSON URBAN HOUSING LLC. - 2016 - Laserfiche WebLink

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RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: City of Santa Ana 20 Civic Center Plaza Santa Ana, California 92701 Attention: City Clerk A-2016-117 Recorded in Official Records, Orange County Hugh Nguyen, Clerk -Recorder IIIIII111111111111111111IIIIIIIIIIIIIII1I 111I111IIIIIIIIIIIIIIIIIII111 NO FEE * $ R 0 0 0 8 7 7 5 7 7 4 S* 201600050940811:06 am 10118116 175 417 Al2 30 0.00 0.00 0.00 0.00 87.00 0.00 0.00 0.00 To be recorded without fee. (Space Above This Line For Recorders Use Only) B� (Government Code, §§ 6103 and 27383) J >)T INCLUSIONARY HOUSING AGREEMENT' FOR PAYMENT OF IN -LIEU FEE THIS INCLUSIONARY HOUSING AGREEMENT is dated as of August 31 2016, by and between the CITY OF SANTA ANA, a charter city and municipal corporation organized and existing under the Constitution and laws of the State of California, and OLSON URBAN HOUSING, LLC, a Delaware limited liability company ("Developer"). RECITALS A. The City's Housing Opportunity ("Ordinance") was originally adopted by the City Council on November 28, 2011 and is codified in Article XVIII.1 Section 41 — 1900 of the City's Municipal Code. The Ordinance was amended by the City Council on September 1, 2015, in Ordinance No. NS -2881, and on October 6, 2015, in Ordinance No. NS -2885. B. The Developer is the fee owner of the Property located at 1506, 1524, and 1548 West First Street, Santa Ana California. C. The Developer desires to, at the Developer's sole cost and expense, develop a sixty-two (62) unit for sale condominium project on the Property. D. On May 17 2016, the City Council: approved and adopted the Mitigated Negative Declaration and Mitigation Monitoring Reporting Program, Environmental Review No. 2015-09; adopted a resolution approving General Plan Amendment No. 2016-02; adopted an ordinance approving Inclusionary Housing Agreement - In -Lieu Fee Payment Page 1 City of Santa Ana