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MIL LSACTAGREEMENT <br />327E. WashingtonAuentie <br />Sairta Aria, CA 92701 <br />7. Biading effect of Agreement. <br />e. The Owners hereby subject the Historic Property, located: at 327 E. Washington <br />Avenue, Assessor Parcel Number, 398-134-15, and more particularly described in Exhibit A, in <br />the City of Santa Ana, to the covenants reservations, and restrictions as set forth in this <br />Agreement_ <br />f. The City and Owner hereby declare their specific intent that the covenants, <br />reservations and restrictions as set forth herein shall be deemed covenants running with the land <br />anal shall pass to and be binding upon the Owner's successors and assigns in title or interest to <br />the Historic Property. Every contract, deed, or other instiument hereinafter executed, covering <br />or conveying the Historic Property or any portion thereof, shall conclusively be held to have <br />been executed, delivered, and accepted subject to the tenants, restrictions, and reservations <br />expressed in this .Agreement regardless of whether such covenants, restrictions and reservations <br />are set forth in such contract, deed, or other instrument. <br />S. No Compensation. <br />Owners shall not receive any payment from the City in consideration of the obligation <br />imposed under this Agreement, it being recognized that the consideration for the execution of <br />this Agreement is the substantial public benefit to be derived therefrom and the advantage that <br />will accrue to the Owner as a result of the effect upon the assessed value of the property ren the <br />account of the restrictions on the use and preset vation of the property. <br />9. Notice. <br />Any notice rewired by the terms of this Agreement shall be sent to the address of the <br />respective parties as specified below or at other addresses that may be later specified by the <br />parties hereto. <br />City: City of Santa Ana. <br />Attn: City Clerk <br />20 Civic Center Plaza (M-30) <br />Santa Ana, CA 92702 <br />Owners: George Gallion <br />327 E: Washington Avenue <br />Santa Aria, CA 92701 <br />M General Provisions. <br />a. None of the teims, provisions, or conditions of this Agreement shall be deemed <br />to create a partnership between the parties hereto and any of their heirs, successors, or assigns, <br />-5- <br />