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25D - AGMT - INCLUSIONARY HOUSING
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25D - AGMT - INCLUSIONARY HOUSING
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Last modified
2/2/2017 3:37:39 PM
Creation date
2/2/2017 3:10:14 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
25D
Date
2/7/2017
Destruction Year
2022
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XI. Recordation <br />The Developer and the City agree to permit recordation of this Inclusionary <br />Housing Agreement, against the Property in the Office of the County Recorder of <br />Orange County, California. The legal description for the Property is provided in <br />Exhibit 1 to this Inclusionary Housing Agreement, <br />XII. Termination <br />Except as set forth elsewhere, this Inclusionary Housing Agreement shall be <br />terminated after Developer's payment of all required in -lieu fees to City. <br />Upon the termination of this Inclusionary Housing Agreement, following <br />Developer's tender and City's receipt of the final inclusionary housing In Lieu Fee <br />payment for the final Project phase, the Developer shall have no further <br />obligations or liability hereunder. The City and the Developer agree to promptly <br />execute, acknowledge and deliver for recordation any documents that may be <br />necessary to remove this Inclusionary Housing Agreement as encumbrance <br />against title to any portion of the Property. <br />Inclusionary Housing Agreement - In -Lleu Fee payment Page 15 <br />City of Santa Ana <br />25D -19 <br />
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