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EXHIBIT 2 <br />RECORDING REQUESTED BY <br />AND WHEN RECORDED MAIL TO: <br />City of Santa Ana <br />20 Civic Center Plaza <br />Santa Ana, California 92701 <br />Attention: City Clerk <br />To be recorded without fee. (Space Above This Line For Recorder's Use Only) <br />(Government Cade, §§ 6103 and 27383) <br />I;193Za TIVAiyil=1ki1119107a1-ki11It1*11144A <br />THIS INCLUSIONARY HOUSING AGREEMENT is dated as of February 21, <br />2017, by and between the CITY OF SANTA ANA, a charter city and municipal <br />corporation organized and existing under the Constitution and laws of the State <br />of California, and Heritage Village OC, LLC, a Delaware limited liability company <br />("Developer"). <br />RECITALS <br />A. The City's Housing Opportunity ("Ordinance") was originally adopted by <br />the City Council on November 28, 2011 and is codified in Article XVIII.1 <br />Section 41 — 1900 of the City's Municipal Code. The Ordinance was <br />amended by the City Council on September 1, 2015 (Ordinance No. NS - <br />2881), and on October 6, 2015 (Ordinance No. NS -2885). <br />B. The Developer is the fee owner of the Property located at 2001 E Dver <br />Road, Santa Ana, California ("Property"). <br />C. The Developer desires to, at the Developer's sole cost and expense, <br />develop a one thousand two hundred and twenty one (1,221) unit rental <br />apartment project on the Property ("Project"). <br />D. On October 12, 2015, the Planning Commission recommended approval, <br />with the City Council affirming the Commission's action and voted to adopt <br />a resolution and ordinances approving the Project on February 3, 2016. <br />Inclusionary Housing Agreement - In -Lieu Fee Payment Page 1 <br />City of Santa Ana <br />25E-5 <br />