Loading...
HomeMy WebLinkAboutHUMPHRIES, VALERIE R.OWNER PARTICIPATION AGREEMENT AMONG Tf IE CITY OF SANTA ANA THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA BEEN VALERIE, R. HUMPHRIES [110 5 S. MINNIE STREET] LIST OF EXHIBITS Exhibit Description "A" Site Map of Minnie Street Improvement Project Area `B" List of Street Addresses of the Properties "C" Description of Owner's Property "D" Description of Publicly Funded Improvements "E" C,C&R Agreement "F" Certificate of Compliance "G" Description of Facade and Courtyard Improvements Property Standards Income Certification Form Estimate of City/Agency Funded Improvement Costs "K" Deed of Trust "L" Estimate of Facade and Courtyard Improvement Costs "M" Release of Lien "N" Conditions for Facade and Courtyard Improvements Certificate of Insurance and Additional Insured Endorsement Memorandum of Agreement Release from Memorandum of Agreement "R" Facade & Courtyard Construction Agreement "S" Assignment and Assumption Agreement TABLE OF CONTENTS 1. DEFINITIONS AND INTERPRETATION........................................................................ 2 I 2. CONDITIONS PRECEDENT.............................................................................................. f 5 i 3. AFFORDABLE HOUSING COVENANTS......................................................................... 5 1 4. PROPERTY INSPECTION/COMPLIANCE PROGRAM. . 5. PUBLICLY FUNDED IMPROVEMENTS.....................................................,.................. 10 6. FACADE AND COURTYARD IMPROVEMENT PROGRAM .................................... 11 7. C,C&R's...............................................................................................................................14 I 8. APARTMENT MANAGEMENT COORDINATION..................................................... 14 9. INDEMNIFICATION AND INSURANCE....................................................................... 14 10. COMPLIANCE WITH LAWS......................................................................................... 15 11. DEFAULT 15 12. ATTORNEYS' FEES....................................................................................................... 16 13. LEGAL ACTIONS........................................................................................................... 16 14. RIGHTS AND REMEDIES CUMULATIVE................................................................ 16 15. NOTICES...........................................................................................................................17 16. ASSIGNMENT..................................................................................................................17 17. RECORDATION..............................................................................................................17 18. ENTIRE AGREEMENT, WAIVERS AND AMENDMENTS ..................................... 18 OWNER PARTICIPATION AGREEMENT [Cornerstone Village] 1109 S. Minnie �C��-THIS OWNER PARTICIPATION AGREEMENT dated as of 2002 for identification purposes only, is made and entered into by and among the City of Santa, the Community Redevelopment Agency of the City of Santa Ana, and Valerie R. Humphries ("Owner"), with reference to the following: RECITALS: A. The purpose of this OPA is for Owner, City, and Agency to establish commitments for improvement of the housing conditions for residents living in the area popularly known as the Minnie Street neighborhood, and for the Agency and City to implement their goal and objective of meeting the community's need for decent, safe and sanitary housing for persons and families of low to moderate income in the community, and to improve, increase and preserve housing available at an affordable housing cost to persons and families of low and moderate income; this OPA'is also consistent with the national goals and objectives, as outlined in 24 C.F.R §570.200 (a), of using CDBG funds for the provision of public improvements and is designed to aid in the prevention of blight. B. Area owners of the Properties will form a property owners association (the Cornerstone Village Owners' Association) for, among other things, the purpose of making and zxraintaining certain improvements in the Agreement Area; C. Agency, City, Owner and the Association desire to work together for the overall improvement and betterment of the neighborhood through implementation of a program that includes, among other things, the following improvements to be the responsibility of the Agency and City: (1) Street Improvements (2) Landscape Improvements (3) Parking Area Improvements (4) Building Courtyard Entrance and Facade Improvements. D. Agency, City, Owner and the Association desire to work together for the overall improvement and enhancement of the neighborhood through implementation of a program that includes, among other things, the following to be the responsibility of the Owner: (1) Rehabilitation of buildings per this Agreement; (2) Implementation of common conditions, covenants and restrictions; (3) Maintenance of current membership and participation in the Association, and (4) Maintenance of all improvements on Properties not maintained by the Association. For good and valuable consideration stated here -in, the receipt and sufficiency of which are hereby acknowledged, Agency, City, and Owner agree as follows: 1. DEFINITIONS AND INTERPRETATION 1.1 Defined Terms. All defined terms used herein, including, without limitation, in the Recitals above and in the exhibits attached hereto, unless otherwise expressly defined, are defined where first used in this OPA and/or as set forth in this Section 1.1. "Adjusted Income" means the qualifying income of a person (together with the qualifying income of all persons who intend to reside with such person in one residential unit) as calculated in the manner prescribed under Section 142(d)(2)(B) of the Code. "Affordable Rent" means monthly rent (including the Utility Allowance, and excluding any supplemental rental assistance from. the State of California, the federal government or any other public agency) not in excess of thirty percent (30%) of one -twelfth (1/12th) of sixty percent (60%) of the Median hwoi e for the Area, adjusted for family size assuming a three person household for a one bedroom apartment and a five person household for a two bedroom apartment. (City to provide an updated schedule of rents to Association Chairperson when revised by HUD. By example, the current rent limit, as of June 2002, fora family of three is $1020 for a one bedroom apartment and $1,225 for a family of five in a two bedroom apartment.) "Agency" means the Community Redevelopment Agency of the City of Santa Ana, a public body, corporate and politic, existing pursuant to the California Community Redevelopment Law (California Health & Safety Code Section 33000 et seq.). "Approval Date" means the date when the governing bodies of both the Agency and the City have taken final to authorize execution of the OPA's with the Owners. "Publicly Funded Improvements" means as forth in Section 5 and as generally described in Exhibit D. "Agreement Area" means that portion of the City of Santa Ana depicted on the Site Map attached hereto as Exhibit "A". The Agreement Area is a neighborhood of multifamily apartment buildings in the City on both sides of Minnie Street from McFadden Avenue on the south to Grant Street on the north, containing approximately forty-eight (48) multifamily apartment buildings each on a separate parcel which, in the aggregate, contain approximately five hundred twenty-seven (527) dwelling units, together with certain associated parcels that provide surface parking for the residents of the Properties. "Area" means the Orange County, California Metropolitan Statistical Area. 2 "Association" means the Cornerstone Village Owners' Association, a California non- profit public benefit corporation. "CC&R's" means those certain Conditions, Covenants, Restrictions and Easements attached hereto as Exhibit " B". "Certificate of Compliance" means a certificate issued by the Agency, in the form attached hereto as Exhibit "F", certifying that a particular parcel in the Agreement Area has been found to be in compliance with respect to the Property Inspection/Coinpliance Program described in Section 4. "Code" means the Internal Revenue Code of 1986, as amended, including the Regulations promulgated thereunder or under any predecessor statute. "County" means the County of Orange, California. "City" means the City of Santa Ana, California, a charter city and municipal corporation duly organized and existing under the Constitution and laws of the State of California. "Facade and Courtyard and Courtyard Improvement Program" has the meaning set forth in Section 6. "Facade and Courtyard and Courtyard Improvements" means the Facade and Courtyard improvements generally described in Exhibit "G" attached hereto. "Facade and Courtyard Improvements Completion Bate" means the later of (a) acceptance of the work by the Owner, or (b) twelve (12) months from start of the work, "Initial Income Certification Date" means not later than six months following the Implementation Date. "Implementation Date" means, with respect to any particular Property, the date on which the CC&R's are recorded against that Property in the Official Records. "Inspection Report" has the meaning set forth in Section 4.3. "Low -Income Tenant" means a person or family with Adjusted Income, determined as of the date of initial income certification for existing tenant and for new tenants occupancy, by reference to the income certification process described in Section 3.4, that does not exceed eighty percent (80%) of the Median Income for the Area, adjusted for faanily size. (Note: By way of example, in June 2002, eighty percent (80%) of the Median Income for a family of four is $60,500 per year.) "Median Income for the Area" means the median income for the Orange County, California Metropolitan Statistical Area as determined and published annually by the Secretary 3 of Housing and Urban Development under Section 8 of the United States Housing Act of 1937, as amended, or if programs under Section 8 are terminated, median income for the Area determined under the method used by the Secretary prior to such termination. The City shall make this information available to the Association upon request. "Official Records" means the Official Records of the County of Orange. "OPA" means this agreement or the OPA's entered into or to be entered into by Owner and all of the other owners of the Properties, as the context requires. "Owner" has the meaning set forth in the opening paragraph of this OPA. "Owner's Property" means those parcels of real described on Exhibit "C" attached hereto. "Properties" means those parcels of real property described by street address and/or Assessor's parcel number on Exhibit "B" attached hereto, including Owners' Property. "Property Standards" has the ni.eaning set forth in Section 4 and Exhibit "H" attached hereto. "Utility AIlowance" means a reasonable allowance for utilities, as defined by the United States Department of Housing and Urban Development for the Federal Section 8 program, and adopted from time to time by the Housing Authority for the City of Santa Ana. The allowance includes garbage collection, sewer, water, electricity, gas and other heating, cooking and refrigeration fuels, but excludes telephone or cable television service, 1.2 Singular and Plural Terms. Any defined tern used in the plural in this OPA shall refer to all members of the relevant class and any defined term used in the singular shall refer to any number of the members of the relevant class. 1.3 References and Other Terms. .Any reference to this OPA or any exhibit or attaclument hereto shall include such document both as originally executed and as it may from time to time be modified by mutual written agreement of the parties. References herein to Articles, Sections and/or Exhibits shall be construed as references to this OPA unless a different document is named. The teens "including" and "include" mean "including (include) without limitation." 1.4 Exhibits Incorporated. All attachments and exhibits to this OPA, as now existing and/or as the same may from time to time be modified by mutual written agreement of the parties, are incorporated herein by this reference. 4 2. CONDITIONS PRECEDENT. 2.1 Minimum Participation by Owners. This entire OPA shall be subject to the condition precedent that, not later than ninety (90) days from the Approval Date, the owners of not less than forty-four (44) properties within the Agreement Area, enter into the OPA, pursuant to which such owners subject each of the Properties that they own to the terms and conditions of the OPA and the CC&R's. Furthermore, the City agrees to not record any CC&R agreement for Properties until 44 of the properties have entered into the agreement. if this condition is not satisfied, then either party may terminate this OPA by notice to the other party. 2.2 - Paired Properties. The parties acknowledge and agree that many of the Properties are "paired" in that they face one another in mirror image separated only by a property line running through a common courtyard ("Paired Properties"). If any of the Owner's Property is part of a Paired Property, then, with respect to each of such Paired Properties, it shall be a condition precedent for the benefit of City and Agency and Owner to their obligations under this OPA that both Properties of the Paired Properties be subject to the OPA. Accordingly, in a case where a set of Paired Properties is not owned by the same person or entity, and only one is made subject to an OPA, the Agency may terminate this OPA, only as to such Property. 3. AFFORDABLE HOUSING COVENANTS. 3.1 Covenant, As set forth in detail in the CC&R's, Owner covenants and agrees to rent all of the dwelling units in Owner's Property to Low -Income Tenants at Affordable Rent. 3.2 Term. The affordability covenant set forth in the CC&R's shall commence on the Inrnplennentation Date for the subject Property and shall terminate with respect to such Property on the date that is the earlier of (a) the fifteenth (15th) anniversary of the date of issuance of a Certificate of Compliance for the subject Property pursuant to Section 4.3 or 4.5 of this OPA, or (b) the thirtieth (30th) amiiversary of the Implementation Date for the subject Property. 3.3 Increase in Income. For purposes of satisfying the obligation set forth in Section 3.1, a person or persons who at the commencement of their occupancy qualified as a Low -Income Tenant or Tenants shall continue to be treated as though they were a Low -Income Tenant as long as they occupy the same unit, even if such person's or persons' income later rises to a level that exceeds that limit. 3.4 A ere 's Obligations. Agency agrees to provide to the Association annually with updates of most current schedule of Low Income Tenant and Affordable Rent requirements. Additionally, the Agency.will provide assistance in certifying income of existing tenants residing in each unit within six months of the Implementation Date. 3.5 Initial Income Certification/Annual Report. Prior to the initial occupancy of each unit by a new tenant Owner shall obtain, on the form attached hereto as Exhibit "I", current income certification statennents for all adult persons who will occupy the unit. Owner shall 5 comply with all the requirements for income certification as set forth in the CC&R's, as well as providing to the Agency a semi-aiumal report of tenant income in a form, and on a schedule as provided by the Agency. In the case of existing tenants, Owner shall cooperate with the Agency in obtaining the same income certification within six (6) months of the lmmplementation Date. Owner shall not be in breach of this paragraph as to existing tenants if, a tenant refuses to provide a timely certification provided the Owner promptly initiates and diligently prosecutes an action to compel the tenant's compliance or reinove the tenant, 3.6 New Forms of Rental Agreements. Owner shall require all new tenants to execute rental agreements approved by the Association, which forms shall conform to the requirements set forth in the second paragraph of this section. In the case of existing tenants, Owner shall require tenants to execute new association -approved rental agreements at the same time as obtaining income certification as called for in Section 3.5, above. Owner shall not be in breach of this paragraph as to existing tenants if, a tenant refuses to execute said new rental agreements provided the Owner promptly initiates and diligently prosecutes an action to compel the tenant's compliance or remove the tenant. Owner agrees that all such tenant rental agreements must contain a non-discrimination clause and conform with State and Federal laws regarding the provision of fair housing. Owner further agrees that all prospective tenants will be notified that Owner has relied on the income certification supplied by the tenant in determining income -qualification for occupancy, and that ariy material misstatement in such certification will be cause for immediate termination of such rental agreement. The Agency shall provide to the Association required rental agreement language to conform this section. 4. PROPERTY INSPECTION/COMPLIANCE PROGRAM. Attached to this OPA as Exhibit "H" is a set of Standard Conditions and Materials for the Properties (the "Property Standards"). As hereinafter more particularly provided, Owner hereby agrees that, not later than the fifth (5"') anniversary of the Implementation Date (subject to the possible extension set forth in Section 4.6 below), Owner will cause each of Owner's Properties to meet the Property Standards. 4.1 Initial Inspection. If not already completed prior to the Effective Date of this Agreement, Owner agrees to schedule each of Owner's Properties for an initial physical inspection by Agency staff and/or consultants to occur not later than six (6) months after the Implementation Date. Owner acknowledges and agrees that each such initial inspection shall be a complete physical inspection of each Property, including, without limitation, an inspection of the interior of each dwelling unit in the Property. Accordingly, Owner agrees to obtain from the occupant of each such dwelling unit, prior to the date set for the inspection, the consent of such occupant for such entry and inspection at the appointed time. Owner shall invite the tenant to be present during the inspection as well. Owner also agrees that each Agency inspection shall be attended by either Owner, Owner's property manager or another responsible person designated by Owner in writing to the Agency prior to the inspection. 4.2 Scheduling. Agency agrees to schedule Owner's Property for inspection not later than thirty (30) days after the date of receipt of written request therefor from Owner, which 6 request Owner agrees to make to Agency not later than five (5) months after the Implementation Date. 4.3 1 sA_ection _Report. If a report has not yet been issued for the Property prior to the Effective Date of this Agreement, within twenty one (21) days of completion of each inspection, Agency shall deliver to Owner a written.report describing in reasonable detail in what respects, if any, the subject Property fails to meet the Property Standards (the "Inspection Report"). If the inspection finds that the Property is in compliance with the Property Standards, Agency shall promptly issue to Owner a Certificate of Compliance for the Property, and record a release of any liens or security documents recorded against the Property pursuant to this Agreement. 4.4 Appeals Process. If Owner disagrees with any finding of the Agency's inspector, Owner shall have the right, within thirty (30) days after receipt of the disputed Inspection Report, to appeal such finding in writing to the Agency. Ali appeal must state with reasonable specificity the item or items disputed by Owner in order to be considered. Upon receipt of any such appeal, Agency shall cause the Property to be reinspected within thirty (30) days and notify Owner in writing of the results of such reinspection within fifteen (15) days of completion of the reinspection. In the event that Owner still disputes any Agency finding after such reinspection, Owner shall have the right, within thirty (30) days after receipt of the disputed reinspection report, to appeal the matter to an appeals board comprised of four (4) members, two (2) of whom shall be appointed by the Association and two (2) of whom shall be appointed by the Agency's Executive Director. The appeals board shall hear the matter within thirty (30) days after receipt of the written appeal and shall render a decision within fifteen (15) days after hearing the matter. The decision of the appeals board shall be binding if made by a majority of the Board. If the appeals board cannot come to a majority decision, Owner shall thereafter have the right, within thirty (30) days after receipt of notice from the appeals board, to seek binding arbitration of the matter. The Agency and the owner shall exchange a list of three (3) arbitration candidates acceptable to each party from the JAMS/Endispute panel for Orange County (or such other organization as the parties shall agree). After exchange of such lists, the parties shall meet and confer, and attempt to reach agreement on appointment of a single arbitrator. If no such agreement can be reached within three (3) business days of such exchange, the parties shall conduct a second exchange, in which each shall name an additional three (3) arbitrator candidates fiona the same panel, different from those originally suggested by the parties. After the second exchange, the parties will again meet and confer, and attempt to appoint an arbitrator acceptable to each. In the event no such agreement can be reached within two (2) business days of the second exchange of arbitrator candidate lists, the parties, or any of them, shall petition the Orange County Justice Court, on an ex parte basis, to appoint the arbitrator. The arbitration will be conducted in accordance with the corrunercial arbitration rules of JAMS/Endispute (or such other rules as the parties shall agree). The arbitration shall be binding on all parties, and the parties waive any right to a trial and any right to appeal the arbitrator's determination. 7 The parties shall be responsible 50150 for payment of the arbitration fees and charges incurred in any arbitration. In the event that a dispute arises between the parties as to the reasonableness of the arbitration fees and charges, or the necessity of the fees and charges by virtue of the conduct of one of the parties, the matter shall be submitted to the appointed arbitrator for decision and allocation, if any, of the fees to be paid by each respective party. The decision of the appointed arbitrator shall be final. 4.5 Compliance. If the Inspection Report for any of Owner's Properties finds any deficiencies and, as a result, Agency does not then issue a Certificate of Compliance for such Property, Owner hereby agrees to bring that Property into compliance with the Property Standards not later than (subject to possible extension pursuant to Section 4.6 below) the fourth (4"') anniversary of the Implementation Date. Such compliance shall be determined by another inspection of the Property by Agency in accordance with the procedures outlined in Sections 4.1, 4.2 and 4.3 above. If Owner proir ptly remedies all of the deficiencies cited in the initial Inspection Report and schedules the subject Property for reinspection by Agency within one hundred eighty (180) days after the date of the initial Inspection Report or the Implementation Date, which ever is later, then the scope of such inspection shall be only to determine if Owner has satisfactorily remedied the deficiencies actually cited. If, however, such reinspection is not scheduled by. Owner until a date more than one hundred eighty (180) days after the date of the initial Inspection Report, then the scope of such inspection shall again extend to the entire Property and not just to the deficiencies cited in the initial Inspection Report. If, upon reinspection, the Property is found by Agency to be in full compliance with the Property Standards, Agency shall promptly issue to Owner a Certificate of Compliance for the Property. If the Property is found not to be in full compliance, Agency will issue a follow-up Inspection Report to Owner stating which deficiencies cited in the initial or a reinspection Report are not in compliance and Owner shall promptly commence to remedy the deficiencies cited in a follow-up Inspection Report. If Owner promptly remedies all of the deficiencies cited in the follow-up Inspection Report and schedules the subject Property for final Inspection by Agency within ninety (90) days after the date of such follow-up Inspection Report, then the scope of such inspection shall be only to determine if Owner has satisfactorily remedied the deficiencies actually cited in that follow-up Inspection Report. If, however, such final inspection is not scheduled by Owner until a date more than ninety (90) days after the date of that follow-up Inspection Report, then the scope of such inspection shall again extend to the entire Property .and not just to the deficiencies cited in that follow-up Inspection Report. If an owner can prove that a deficiency has been corrected by showing appropriate receipts for and photographs of completed work and that the improvements were daanaged due to forces beyond the owners control (for example tenant destruction of property), then the Inspector may consider the improvement(s) as complete with the condition that the Owner provides proof that improvements have been restored within a reasonable amount of time by way of dated photographs and receipts. Certificates of Completion will not be granted until this is done. 8 Notwithstanding the foregoing ninety (90)-day time limit, if a deficiency cited is a stair or balcony replacement or other improvements requiring issuance of a building permit by the City, then such ninety (90)-day period shall be extended by the Agency's Executive Director for so long as may reasonably be required to issue the building permit. Extensions following reinspections may also be granted under the following circumstances: (a) If Owner is in the process of evicting tenants in a rental unit, then that unit may be excluded from the time limits for reinspection if the Owner (1) provides proof that they have entered into a legal eviction process, (2) notifies the Agency's Executive Director within five (5) days when the apartment unit becomes vacant, and (3) schedules an inspection of that apartment unit within ninety (90) days after the unit is vacated by the evicted tenant. Owner agrees not to schedule any Property for reinspection unless and until Owner reasonably believes that Owner has remedied all of the deficiencies cited in the subject Inspection Report. If a reinspection or follow-up Inspection has been requested by Owner and the Inspector determines that the Owner has not in good faith attempted to remedy all of the deficiencies cited in the previous Inspection Report, then the Inspector shall stop the inspection and document the facts indicating that sufficient work had not been done. Before scheduling subsequent inspections, the Owner shall then be required to provide proof that work has been done in the form of receipts for material and/or labor, or photographic evidence. The scope of the subsequent inspection shall again extend to the entire Property and not just to the deficiencies cited in the previous Inspection Report. 4.6 Extension. Subject to the conditions described below, the Agency's Executive Director may extend for up to five (5) years the deadline by which Owner must bring any deficient Property into compliance with the Property Standards. Any such extensions shall be subject to the following conditions: (a) Owner must request such extension in writing not later than six (6) months prior to the expiration of the Compliance Period, or of any period to which the deadline has been extended pursuant to this Section; and, (b) Owner must demonstrate to the reasonable satisfaction of the Agency's Executive Director that Owner has not had the personal financial resources nor, despite the exercise of reasonable diligence, has not been able to obtain, on commercially reasonable terms and conditions from any responsible Iending institution including, but not limited to, the City, the Agency or other public agency or quasi -public. agency, the financing necessary to fund the work required to bring the Property into compliance. 4.7 Property Maintenance. Nothing contained in this Agreement shall be construed to absolve the Owner from its obligation to maintain the Property in conformance with all applicable City and ,State standards for habitability and property maintenance, nor prevent City, County or State officials from enforcing applicable laws against the Owner in the same manner has they could be enforced in the absence of this Agreement. 0 5. PUBLICLY FUNDED IMPROVEMENTS. Subject to the conditions set forth in Section 5.2 below; Agency and City hereby agree to cause to be made or funded, at no cost or expense to Owner or the other owners of the Properties, the improvements described in Section 5.1) below and in Exhibit "D" (the "Publicly Funded Improvements"). The City and Agency shall establish funding and contracting arrangements under which work on the Publicly Funded Improvements to commence not later than the second (2nd) anniversary of the Implementation Date and to be completed not later than the fourth (4th) anniversary of the Implementation Date. 5.1 Scope of Improvements (a) Project A: Public Improvements (1) Minnie Street from McFadden Avenue to Wakeham Avenue to be reconfigured as a one way street traveling in a northern direction. (2) Minnie Street from Wakeharn Avenue to Grant Street; Grant Street from Minnie Street to the alley; and Wakeham Avenue from Minnie Street to be resurfaced. (3) Entrance monuments and signage installed at MacFadden Avenue and Minnie Street; Wakeham Avenue and Grant Street (at alley). (4) New street lighting with underground wiring and mailbox bases installed along Minnie Street as required. (b) Project B: Landscaping and Parking Area Improvements (1) Parkway landscaping, front/side yard landscaping, and install irrigation system (to be maintained by Association); (2) Repair or install as needed wrought iron fences along the front of all properties, between buildings, and at side yards along McFadden Avenue. (3) Resurfacing and re -striping of alleys and parking lots; (4) Construct trash enclosures in parking lots (1 enclosure/2 buildings for 10 unit buildings); (5) Install fence along railroad tracks; (b) Repair and fortify the. fence along the alley between Minnie Street and Standard Avenue, 5.2 Conditions Precedent. (a) Improvement Costs. Attached hereto as Exhibit "T" is a good faith estimate of the cost to be incurred by the City and the Agency for the Publicly Funded Improvements, itemized in accordance with the separate contracts by which the work will be bid and performed. It shall be a condition for the benefit of the City and the Agency to their obligation to commence to cause such work to be performed that the lowest responsible bid received by entity awarding the contract(s) for such work not exceed the sum that equals one hundred ten percent (110%) of 10 the estimate therefor. In the event that such bid exceeds such sum, City and Agency shall have the right, after consultation with the Association, to modify the scope of work in whatever way is reasonably required in order to obtain a bid within such limits as described in Exhibit "D". Not withstanding the foregoing, the City and Agency hereby covenant and agree that the final investment in the Publicly Funded Improvements shall be at least $1,500,000. (b) Inspection Completed. It shall be a condition precedent for the benefit of the City and the Agency to their obligation to commence to cause the Publicly Funded Improvements to be made that 34 of the Properties subject to an OPA shall have been inspected by Agency in accordance with Section 4.1 above, subject to scheduling requirements previously specified in Sections 4.1 and 4.5 above. If an owner carulot meet this obligation, the Owner may apply to the Agency's Executive Director for all extension, citing extenuating circumstances that delays inspections being completed. It is up to the discretion of the Agency's Executive Director to grant an extension for building inspections. If owner is not in compliance, within six (6) months following Implementation Date, then owner may be subject to fines, to be determined by the Association. 5.3 Consent and Comment. Owner hereby consents to the Publicly Funded Improvements and hereby grants permission to Agency, City and their contractors, agents and assigns to enter Owner's Property for the purpose of making the Publicly Funded Improvements. Owner finther agrees to grant to Agency, City, and the Association such easements as each may reasonably require for the Publicly Funded Improvements, including, without limitation, for the installation and maintenance thereof. The Owner shall have the right to review engineering plans for areas in front of, on, and behind the Property. Owner may request provisions be made for future drainage system to be install by Owner if economically feasible. 5.4 Termination for Non -Performance. If the Publicly Funded Improvements have not been commenced within two (2) years of the Implementation Date, Owner may terminate this Agreement and be released from the CC&R's upon ninety (90) days notice to the City and Agency. If the City and Agency fail to corm -hence the Publicly Funded Improvements after such notice, and the Owner so chooses to terminate this Agreement, the City and Agency shall consent to any necessary amendments to the CC&R's necessary to release owner therefrom. 6. FACADE AND COURTYARD IMPROVEMENT PROGRAM. As hereinafter more particularly provided, the parties agree that, subject to the conditions set forth in Section 6.3 below, a "Facade and Courtyard Improvement Program" for the Properties will be implemented. The parties hereby acknowledge that conceptual plans have been prepared for Facade and Courtyard improvements to the Properties and that such plans are on file with the Agency. A general description of the Facade and Courtyard improvements is attached hereto as Exhibit "G". Work on the Facade and Courtyard Improvements shall commence not later than the first (1st) anniversary of the Implementation Date and shall be completed not later than the third (3rd) am-tiversary of the Implementation Date 6.1 Facade and Courtyard Improvement Loans. The cost of the Facade and Courtyard Improvement Program will be funded in the form of conditional loans to each Owner 11 (the "Conditional Loan"). However, repayment of such loans, together with any accrued interest, shall, with respect to each such Property, be forgiven if a Certificate of Compliance is issued for such Property before the fifth (5'h) anniversary of the Implementation Date (subject to the possible extension described in Section 4.6). The Conditional Loan shall accrue interest at the rate of six percent (6%) per annum on the initial principal balance only from the Facade and Courtyard hnprovement Date until forgiven or repaid. No payments will be required prior to the Conditional Loan coming due as provide above. If a Certificate of Compliance'is not issued within the time provided for herein, the Conditional Loan, together with accrued interest, shall immediately become due and payable in full. The maximum principal anlormt of the promissory note shall not exceed the budgeted amount set forth in Exhibit "L", unless otherwise agreed by the Owner. Notwithstanding the foregoing, the Agency is not obligated to approve Facade and Courtyard hnprovements for a Property in excess of such amount. Owner's obligation to repay the Conditional Loan shall be set forth in a promissory note secured by a deed of trust on each Property in the form of Exhibit "K", the lien of which deed of trust shall be released within thirty (30) days by City and/or Agency as to any Property as soon as either the Certificate of Compliance issues for that Property or the Conditional Loan is repaid in a fonn substantially similar to that set forth. in Exhibit "M". Owner agrees to execute such promissory note and deed of trust with respect to its Property and Agency is hereby authorized to record that instrument in the Official Records. Owner shall have the right to prepay the Conditional Loan at any time without penalty and thereby receive a release of the deed of trust. City will furnish Owner a statement of the exact amount required to repay the Conditional Loan with interest within ten (10) days of receipt of a written request by the Owner to provide such information. The promissory note shall be a full recourse note. In the event of an involuntary conveyance of the Property, the Owner shall remain fully liable for repayment of the promissory note. The deed of trust securing the promissory note shall not contain a due on sale or transfer clause, and shall be fully assumable. Unless otherwise agreed by the City and the Agency, the Facade Improvement Program shall be administered by the Agency. Agency will solicit bids for the Facade and Courtyard Improvements for each property in the Agreement Area. Accordingly, the Conditional Loan for each of Owner's Properties and the amount of the promissory note secured by the deed of trust on that Property will be the amount bid for each property. 6.2 Conditions Precedent. (a) Final Plans. It shall be a condition precedent for the benefit of all parties to their obligations under the Facade and Courtyard Improvement Program that City and/or Agency and the Association agree on the final design plans therefor. Once such agreement is reached, the Agency and Association Board shall present those final plans to the membership of the Association and recommend acceptance thereof by all of the owners of the Properties, including Owner. If all of the owners of the Properties agree to such final plans, then work on the Facade and Courtyard Improvements may proceed. If any owner does not agree to such final plans as to that owner's building(s), then the Agency and Association shall work with such owner to find a 12 mutually acceptable alternative. If, after a reasonable effort, the parties cannot find a mutually acceptable alternative, then the agreement of the Agency and Association shall prevail and the subject owner hereby agrees to be bound thereby. Owner acknowledges and agrees that ceding such authority to the Agency and Association, inasmuch as it will permit the Facade and Courtyard Improvement Program to go forward, is in the community's best interest and, therefore, Owner's best interest. No Owner shall be given any special considerations in the offering of these improvements (b) Facade and Courtyard Improvement_ Costs, Attached hereto as Exhibit "L" is the budget established by City and/or Agency for the Facade and Courtyard Improvements. Based upon the finally approved plan, the Agency shall solicit bids for such work, to be carried out under contracts with the owner(s) of the property to be improved. In the event that the lowest responsible bid received by the Agency for such work exceeds one hundred ten percent (110%) of the budget for the work as set forth in Exhibit "L", the Agency shall have the right, after consultation with, and approval by, with the .Association Board, to modify the scope of work in whatever way is reasonably required in order to obtain a bid within such limits. Notwithstanding the foregoing, the Agency hereby agrees that the minimum value of Facade and Courtyard Improvements for the Parcel shall not be less than as set forth in Exhibit "L", and the total of loans made hereunder shall not be, less than $710,000, assuming 44 properties participate. (c) Condition of Property. The Agency shall not be obligated to offer a Fagade Improvement Loan to the Owner if the Property fails to meet the standards set forth in Exhibit "N" attached hereto. (d) No Default. It shall be a condition precedent for the benefit of City and the Agency to their obligation to cause the Facade and Courtyard Improvements to be made that the owners of not more than thirty percent (30%) of the Properties subject to an OPA be in default under their OPA's. If the City and Agency elect not to proceed, they shall notify the Owner in writing, and Owner shall have the right to terininate this Agreement and be released from the CC&R's. City and Agency shall provide all approvals as necessary to effectuate such termination and release. 6.3 Construction of Improvements. The Facade and Courtyard Improvements shall be carried out under a contract directly between the contractor and the Owner. It is understood and agreed by the Owner, however, that all of the Facade and Courtyard Improvements in the Agreement Area shall be carried out by one general contractor selected from those submitting qualifying bids. The contractor shall be selected by a majority vote of all owners participating in the Facade and Courtyard Improvement program, with one vote cast for each parcel covered by an OPA. Owner hereby agrees to enter into a contract or contracts with the selected contractor(s) to make the Facade and Courtyard Improvements on the Owner's property in the form attached hereto as Exhibit R, and hereby grants pennission to the contractors, agents and assigns to enter Owner's Property for the purpose of making the Facade and Courtyard Improvements. Owner also agrees to work with City and/or Agency and the Association in informing Owner's tenants about the Facade and Courtyard Improvements and to obtain from such tenants any permission or cooperation that may be required from such tenants so as to permit the Facade and Courtyard Improvements to be made on a timely and cost-effective basis. 13 7. C,C&R's. Promptly upon satisfaction of the condition set forth in Section 2.1, Owner hereby authorizes Agency to cause the CC&R's attached to this OPA as Exhibit "E" to be recorded against Owner's Property in the Official Records. The date of such recordation shall hereinafter be referred to as the "Implementation Date." 8. APARTMENT MANAGEMENT COORDINATION. 8.1 Manager Training. Owner hereby agrees to require any apartment manager for Owner's Property to have an Orange County Apartment Manager's Association Property Management Training Certificate for managing in a "high -risk" envirorn-nent or equivalent certification and/or experience and training approved by Agency and the Association Board. For property managers in Owner's employ as of the date of this OPA, such managers shall come into compliance with this requirement within one (1) year after the Implementation Date or such longer period as may be necessary in the event that the training required has not been reasonably available by such date. For property managers hired by Owner after the date of this OPA, such managers shall come into compliance with this requirement within one (1) year of the date of commencement of their employment or such longer period as may be necessary in the event that the training required has not been reasonably available by such date. The certification requirement set forth above shall be subject to the condition that the cost to obtain such certification not exceed Thirty -Five Dollars ($35.00), as such sum shall be reasonably increased from time to time by the Agency's Executive Director, with the consent of the Association Board, to reflect any increases charged by the training organizations. 8.2 Tenant Screening. Upon adoption by the Association's of the tenant screening procedures and standards called for in Section 4.7 of the CC&R's, Owner hereby agrees that all prospective tenants who make application for occupancy in Owner's Property shall be screened through such procedures and methods. 9. INDEMNIFICATION AND INSURANCE 9.1 Indemnification_. City and Agency hereby agree to defend, indemnify and hold harmless Owner and his or her officers, representatives, agents and employees from and against any and all liability, damages, costs, losses, claims and expenses, however caused, resulting directly or indirectly from or connected with City and Agency's perforinnance of this OPA, including, but not limited to, such liability, cost, damage, loss, claim or expense arising from (i) the death of and/or injury to any agent, contractor, subcontractor, or employees of Owner, Agency or City; or (ii) damage to the property of Owner, any contractor, subcontractor, Agency or City; except where such liability, damage, cost, loss, claim or expense is caused solely by the negligent or wrongful acts of Owner or any of his or her agents or employees. 14 Owner hereby agrees to defend, indemnify and hold harmless Agency, City and their officers, representatives, agents and employees from and against any and all liability, damages, costs, losses, claims and expenses, however caused, resulting directly or indirectly from or connected with Owner's performance of this OPA and/or the operation and maintenance of Owner's Property, including, but not limited to, such liability, cost, damage, loss, claim or expense arising from (i) the death of and/or injury to any agent, contractor, subcontractor, or employees of Owner, Agency or City; or (ii) damage to the property of Owner, any contractor, subcontractor, Agency or City; except where such liability, damage, cost, loss, claim or expense is caused solely by the negligent or wrongful acts of Agency, City or any of their agents or employees. 9.2 Insurance Required. In addition to the provisions of Section 9.1, Owner shall maintain in force until the later of (a) issuance of a Certificate of Compliance, (b) completion of the Publicly Funded Irnprovenrents, or (c) release of the deed of trust securing the Conditional Loan, for such Property, a policy of general liability insurance in which Agency, City and their officers, agents, representatives and employees are named as additional insureds. The policy shall indemnify Agency, City and their officers, representatives, agents and employees, while acting within the scope of their duties under this OPA, against any and all claims arising -out of or in compaction with perfonrance of Owner's obligations under this OPA. The policy shall provide coverage in an amount of not less than $1 million per occurrence, combined single limit, written on an occurrence fonn. Such policy shall specifically provide that any other insurance coverage that may be applicable to the loss shall be deemed excess coverage and that Owner's insurance shall be primary. No later than the Implementation Date, Owner shall furnish to Agency certificate of insurance and "additional insured endorsements," in a foran substantially similar to that attached as Exhibit "O". 10. COMPLIANCE WITH LAWS. 10.1 Local, State and Federal Laws. Owner shall carry out performance of its obligations under this OPA in compliance with all applicable laws, including all applicable state and federal labor standards. 10.2 Non -Discrimination. Owner for itself and its successors and assigns agrees that in connection with this OPA, Owner will not discriminate against any employee or applicant for employment because of race, color, religion, sex, marital status, color, or national origin. Owner further agrees that all rentals shall be open to all regardless of race, sex, marital status, color, religion, national origin, ancestry or age, and that all rental agreements shall contain the applicable provisions of Health and Safety Code Section 33435. 11. DEFAULT. Failure or delay by either party hereto to perform any material covenant or provision of this OPA that is to be observed or performed by such party within the time provided herein constitutes a default under this OPA. In such event, the injured party shall give written notice of default to the party in default, specifying the default complained of by the injured party. 15 Failure or delay in giving such notice shall not constitute a waiver of any default, nor shall it change the time of default. The defaulting party shall immediately commence to cure such default and shall complete such cure within thirty (30) days after the date of the notice unless the default requires an expenditure of over $10,000, or issuance of a building permit, then the defaulting party shall complete such cure within one hundred and eighty days (ISO) after the date of the notice. Except as expressly provided in this OPA, any failure or delay by either party in asserting any of its rights or remedies as to any default shall not operate as a waiver of any default or of any such rights or remedies or deprive either such party of its right to institute and maintain any actions or proceedings which it may deem necessary to protect, assert or enforce any such rights or remedies. 12. ATTORNEYS' FEES. hi the event that any legal action is instituted by a party hereto to enforce the provisions of this OPA, the parties agree that the non -prevailing party shall be responsible for, and shall pay all costs and attorneys' fees incurred by the prevailing party in enforcing this OPA. 13. LEGAL ACTIONS. 13.1 Institution of Legal Actions. In addition to any other rights or remedies, a party hereto may institute legal action to cure, correct or remedy any default by another party, to recover damages for any such default, or to obtain any other remedy consistent with the purpose of this OPA. Such Iegal actions must be instituted in the appropriate court in the County of Orange, California. 13.2 Applicable Law. The laws of the State of California shall govern the interpretation and enforcement of this OPA. 13.3 Acceptance of Service of Process. lam the event that any legal action is commenced by Owner against Agency or City, service of process on Agency shall be made by personal service upon the Secretary of the Agency, and on City by personal service upon the City Clerk, or in such other manner as may be provided by applicable law. In the event that any legal action is commenced by Agency against Owner, service of process shall be made by personal service upon Owner or in such other manner as may be provided by applicable law. 14. RIGHTS AND REMEDIES CUMULATIVE. Except with respect to any rights and remedies expressly declared to be exclusive in this OPA, the rights and remedies of the parties hereto are cumulative, and the exercise by a party of one or more of such rights or remedies shall not preclude the exercise by it, at the same or different times, of any other rights or remedies for the same default or any other default by another party. 16 15. NOTICES. Any notices, requests sent or approvals given under this OPA from one party to the other shall be in writing and may be personally delivered or deposited with the United States Postal Service for mailing, postage prepaid, registered or certified mail, return receipt requested to the following addresses: To City: The City of Santa Ana 20 Civic Center Plaza Santa Ana, California 92702 Attention: Clerk of the Council To Agency: Community Redevelopment Agency of the City of Santa Ana 20 Civic Center Plaza. Santa Ana, California 92702 Attention: Secretary To Owner: Valerie R. Humphries CIO Joward James Co. 3520 Cadillac Ave., Suite C Costa Mesa, CA 92626 Any written notice, request or approval shall be deemed received immediately if personally delivered and on the third day from the date it is postmarked if delivered by registered or certified mail. 16. ASSIGNMENT. Owner's obligations of this Agreement run with the land and shall be assigned by Owner and assumed by the buyer pursuant to a voluntary sale or transfer of the Property in the form set forth as Exhibit "S". 17. RECORDATION. Owner agrees that pursuant to this OPA, the Memorandum of Agreement shall be recorded against Owner's Property in the Official Records, a copy of which is attached hereto as Exhibit "P". Such recordation shall serve as actual or constructive notice to all persons of this OPA. If the Owner is in compliance with the OPA, then the Agency shall remove this Memorandum of Agreement from the Official Records upon issuance of a Certificate of Compliance and satisfaction of the initial income certification provisions of section 3.5 and the 17 new rental agreement provisions of section 3.6. A sample of the Release Form is provided in Exhibit "Q" 18. ENTIRE AGREEMENT, WAIVERS AND AMENDMENTS. This OPA may be executed in duplicate originals, each of which shall be deemed an original for all purposes. This OPA integrates all of the terms and conditions contained herein or incidental hereto, and supersedes all negotiations or previous agreements, oral or written, between the parties with respect to all or any part of the subject matter hereof. All waivers of the provisions of this OPA must be in writing and signed by the party to be charged with the waiver, and all amendments hereto must be in writing and signed by the appropriate representatives of City for itself and on behalf of the Agency, and Owner. No waiver or amendment shall be effective unless consented to in writing by a 2l3 vote of the Association Board: IN WITNESS WHEREOF, the parties hereto have executed this OPA as of the date set forth above. [Signatures Provided on Next Page] is ATTEST: blv John Reekstin Agency Secretary ATTEST: Patricia E. Healy Clerk of the Council APPROVED AS TO FORM: Joseph W. Fletcher City Attorney and Agency General Counsel By ' — C Lisa E. Storck Assistant Counsel 19 "Agency" COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA By: A/�__ Jo1P. Reekstin Executive Director "City" CITY OF SATT- ANA By: 1-�---� David N. earn City Manager "OWNER" ra&e�/ Valerie R. Humplu-ies EXHIBIT A: Site Map of Cornerstone Village Improvement Project Area � I GRANT STREET 805 810 815 816 WAKENAM AVENUE 828 825 904 835 ALLEY 924 923 92B 927 032 931 936 935 940 939 w � W1002 1001 d 1005 1005 a 1 o w 1009 cc Q 1014 w 1013CC 1018 z 1017 _Z � 1022 102 1 1026 1025 1030 1029 1102 1101 1106 1105. } 111fl 1109Yf 1114 1113 1118 1117 1122 1121 1126 N25 MC FADDEN STREET Exhibit A: 1 of 1 EXHIBIT B: List of Addresses of the Properties The following addresses on are all located on South Minnie ,Street in Santa Ana, CA. 805 810 815 816 825 828 835 904 923 924 927 928 931 932 935 936 939 940 1001 1002 1005 1006 1009 1010 1013 1014 1017 1018 1021 1022 1025 1026 1029 1030 1101 1102 1105 1106 1109 1110 1113 1114 1117 1118 1121 1122 1125 1126 Exhibit B: 1 of 1 EXHIBIT C: Description of Owner's Property Street Address: 1105 S. Minnie Street, Santa Ana, CA Legal Property Description: The land referred to herein is situated in the State of California, County of Orange, City of Santa Ana, as is described. as follows: LOT 35 OF TRACT NO. 2437, AS SHOWN ON A MAP RECORDED IN BOOK 109, PAGES 39 AND 40 OF MISCELLANEOUS MAPS OF ORANGE COUNTY, CALIFORNIA, TOGETHER WITH THAT PORTION OF LOT B OF SAID TRACT LYING BETWEEN THE EASTERLY PROLONGATION OF THE NORTHERLY LINE OF SAID LOT 35 AND EASTERLY PROLONGATION OF THE SOUTHERLY LINE OF SAID LOT 36. Owner(s) of Record: Valerie R. Humphries THIS EXHIBIT WILL REFLECT THE INFORMATION FOR EACH INDIVIDUAL PROPERTY. Exhibit C: 1 of 1 EXHIBIT D: Description of Agency/City Improvements GUIDELINES FOR REVISIONS OF PUBLICLY FUNDED IMPROVEMENT PLANS If actual bids for the Agency/City Improvements exceed estimated costs listed in Exhibit "J" by 110% then the Agency may make changes in the project to reduce costs as provided for in Section (5.2). Guidelines for modifications to Agency/City Improvements to reduce costs are as follows: 1. Material substitutions that would not affect quality of construction or design. 2. Material substitutions that would result in minimum change in type of constriction or design. 3. Reduction in size of design elements such as size of monuments or size of plant material used. 4. Reduction in quantity of design element such as amount of textured and colored pavement, number of plants, etc. 5. Changes in design elements beyond those noted above may be done only with approval of Association Board of Directors. SUMMARY OF AGENCY/CITY IMPROVEMENTS Street Improvements Minnie Street from McFadden Avenue to Wakeham Avenue to be reconfigured as a one way street traveling in a northern direction. (a) Reconfigured street and parking to be constructed within existing street width. (b) Reconfigured street and parking will be cold -planed (ground) and overlaid with approximately one inch of asphalt concrete. Any holes or irregularities will be repaired before resurfacing. A short segment (approximately 40 feet) near the alley will be completely removed and reconstructed with 3 inches of asphalt concrete over 6 inches of aggregate base. (c) About eighty-five (85) sixty (60) degree angle parking spaces to be provided and striped on alternating sides on the street. (d) Travel lane on street to "meander" from side to side, alternating with angle parking. (See attached drawing for configuration.) (e) Travel lane to be 20 feet wide. (f) Additional landscaped areas will be provided where the meandering street curves, and at two locations within two of the angle parking areas. Paving will change at the meandering street curves from asphalt to stamped concrete or other materials that creates a change in color and texture. Exhibit D: 1 of 5 2. Minnie Street from Wakeham Avenue to Grant Street; Grant Street from Minnie Street to the alley; and Wakeham Avenue from Minnie Street to the alley will be cold -planed (ground) and overlaid. 3. Entrance monuments and signage at Minnie Street. (See attached illustration,) (a) Vehicle travel lane will narrow for one way traffic at entrance to Minnie Street from McFadden Avenue. (b) Pavement at entrance from McFadden will change from asphalt to stamped concrete or other material for at least 20 feet to create change in color and texture. (c) A monument sign with letters spelling "Cornerstone Village" will be constructed on both sides of the entrance onto Minnie Street. Materials and construction shall be designed to be resistant to vandalism. (d) A pergola will be constructed over each sidewalk/pedestrian entrance from McFadden Avenue to Minnie Street. Materials and construction shall be designed to be resistant to vandalism. .(e) Landscaping in front of the monument sign and beside pergola will be provided. (f) Lighting will be provided for monuments and signs. 4. Signage at entrance to Project at Wakeham Avenue and Grant Street (at alley) to be constructed in center island. (a) Pavement on both sides of center island to change from asphalt to stamped concrete or other material that creates a change in color and texture. (b) Sign to be provided with the words "Cornerstone Village" at each location. 5. Install new street lighting per City codes. Lighting to be designed to enhance character of street and be low maintenance. 6. Relocate mailboxes along Minnie Street. Landscape Improvements 1. Landscaping to be provided between street and apartment buildings. (a) Existing street trees to remain, if feasible, and trimmed as needed. (b) About 70 new street trees will be planted to infill line of existing street trees. (c) Existing wrought iron fences along sidewalk to be repaired and/or repainted as needed. If fences are damaged beyond repair and/or are not considered compatible with design theme by landscape architect, then fences will be replaced. For properties that do not have fences, new fences will be installed. New fences will include gated access for maintenance, and when feasible, gates may be added to existing front yard fences. (d) Landscape plan for front yard of buildings will be selected by Owner from a series of designs provided by landscape architect. Plants will be predominantly low maintenance, draught tolerant plants. Owners of paired buildings must agree upon common landscape plan. If agreements cannot be reached, then Association Exhibit D: 2 of 5 Board will make selection. Landscaping which may include a variety of shrubs, ground covers, and lawn areas will be installed by City. About 70 new street trees will be planted to in -fill line of existing street trees. (e) Complete irrigation system with separate electrical and water meters for all landscaped areas will be provided. Valves, meter timers, and other components will be enclosed in vandal resistant housing. The irrigation system and all its components will be maintained by the Association and any expenses will be paid by the Association. 2. Landscaping along McFadden Street (a) Landscape side yards of buildings (1125 and 1126 Minnie Street) adjacent to McFadden Street. (b) Replace fence along MaFFadden Street as needed. (c) Improve parkways as needed. (d) Extend Association irrigation system to provide for landscaped areas. 3. Improvement for area between buildings (not courtyards) will be .completed. (a) Fence and gardener's gate into area to be provided. (b) Surface materials (to be determined) to be low maintenance landscaping or other material to be designated by landscape architect and mutually agreed upon by Association, adjacent Owners and City. If no agreement can be reached, Association with the concurrence by the City will determine materials to be used. Parking Area Improvements 1. Resurface existing parking areas and alleys by cold -planing (grinding) and overlaying with approximately one inch of asphalt concrete within Project Area boundaries. (a) Repair holes and smooth surface by grinding prior to applying overlay. (b) Stripe or re -stripe parking spaces. (c) Number parking spaces if requested by owner. (d) Modify parking pavement levels by grinding as needed to ensure that the overlay does not negatively impact existing drainage in apartment courtyards. (e) Specific areas where the pavement has failed will be completely removed and reconstructed with 3 inches of asphalt concrete over 6 inches of aggregate base. 2. One (1) trash enclosure will be constructed per pair of buildings of 10 or 12 units each or a single building of over 12 units. Protective ballards will be provided at comers of trash enclosures. Construction of enclosure to meet City code. 3. When feasible, landscape to be provided along fences and entrances to parking areas. 4. Repair and refinish existing fences and gates at end of parking areas along McFadden Street and fence between parking areas in the west parking lot. 5. Install 8-foot wrought iron fence along railroad tracks in east parking area. (Note, if an agreement can be reached with the railroad, then additional easements will be acquired for landscaping. Landscaping by railroad would consist of thorny plants to discourage climbing. Exhibit D: 3 of 5 CORNERSTONE VILLAGE IMPROVEMENTS PRELIMINARY MATERIALS LIST ITEM No. ITEM DESCRIPTION UNIT OF MEASURE ESTIMATED QUANITITY 1 COLD PLANE TOP 2" AC SF 209400 209400 2 PLACE PAVEMENT REINFORCING FABRIC SY 23300 23300 3 CONSTRUCT 2" AC OVERLAY TON 2530 2530 4 CONSTRUCT 3" AC CONCRETE TON 750 1910 5 CONSTRUCT 6" AGGREGATE BASE CY 760 1950 6 CONST. TYPE B-1 CURB PER STD. No, 1101 LF 100 100 7 CONST. TYPE A-2-8 C&G PER STD. No. 1101 LF 860 860 8 CONST. 4" PLASTIC DRAIN PIPE LF 820 820 9 CONST. CROSS GUTTER PER STD. No. 1109 SF 500 500 10 CONST. RIBBON GUTTER PER DETAIL LF 200 200 11 CONST. DRIVEWAY PER STD. No. 1112 EA 2500 5 12 CONST. ACCESS RAMP PER STD. No. 1122 EA 800 5 13 ENHANCED PAVING SF 13700 13700 14 INSTALL 4" WHITE STRIPING (PKG. STALLS) LF 14040 18000 15 INSTALL PAVEMENT MARKING EA 5 5 16 INSTALL SIGN EA 8 8 17 RELOCATE SIGN EA 5 5 18 REMOVE CURB AND GUTTER LF 6 300 19 REMOVE CROSS GUTTER SF 14 500 20 REMOVE CONCRETE DRIVEWAY SF 43 1730 21 REMOVE CONCRETE RIBBON GUTTER LF 76 340 22 REMOVE AC & BASE CY 4000 4000 23 CONSTRUCT 8-FOOT MASONRY BLOCK WALL SF 1590 12720 24 CONSTRUCT TRASH ENCLOSURE PER DETAIL EA 25 35 25 IRRIGATION SF 1 69000 26 LANDSCAPING SF 1 69000 27 INSTALL ENTRANCE DETAILS (MACFADDEN) EA 2 2 28 INSTALL ENTRANCE DETAILS WAKEHAM & GRANT EA 2 2 29 REPAIR/REFINISH EXISTING FENCES LF 3550 3550 30 AREA LIGHTING LS 1 1 31 PARKETTE SEAT]NGIPAVINGIFENCE/TRASH RECP.) EA 3 3 32 CONTRACTOR MOBILIZATION LS 1 1 Exhibit D: 4 of 5 ILLUSTRATIONS Fir r ILLUSTRATION OF ENTRANCE INTO "CORNERSTONE VILLAGE" FROM MCFADDEN AVENUE. Exhibit D: 5 of 5 EXHIBIT E: CC&R Agreement (Declaration of Conditions, Covenants, Restrictions And Easements) RECORDING REQUESTED BY ) AND WHEN RECORDED MAIL TO: } Cornerstone Village Owners' Association } CIO Community Redevelopment Agency ) of the City of Santa Ana ) 20 Civic Center Plaza ) Santa Ana, California 92701 ) Attn: Agency Secretary ) This document exempt from recording fee per Government Code § 27383. DECLARATION OF CONDITIONS, COVENANTS, RESTRICTIONS AND EASEMENTS This DECLARATION OF CONDITIONS, COVENANTS, RESTRICTIONS AND EASEMENTS (the "Declaration") is hereby made by the owners (the "Owners") of the parcels of real property located in the City of Santa Ana, County of Orange, State of California, which are legally described in Exhibit "A" attached hereto and incorporated herein (the "Parcels"). RECITALS A. . Each of the Parcels is currently improved with one or more multifamily apartment building(s) and appurtenant parking facilities. The Parcels are located within an area of Santa Ana, California which is bounded by McFadden Avenue to the south, the property line between parking lots to the west, Grant Street to the north, and the railroad property line to the east. B. Owners intend to establish by this Declaration a plan for the individual ownership of the real property consisting of the area contained in each of the Parcels, and the operation of certain portions of the Parcels (the "Common Improvement Areas") by the mutual benefit nonprofit corporation Owner's association (the "Association") which is created pursuant to this Declaration. NOW, THEREFORE, Owners hereby declare that all of the real property described above and all improvements thereon and such additions as may hereafter be made subject to this Declaration shall be held, transferred, sold., conveyed, hypothecated, mortgaged, encumbered, leased, rented, used, occupied, maintained, altered and improved subject to the following protective limitations, restrictions, covenants, conditions, reservations, liens and charges and EXHIBIT E: Page I of 24 equitable servitudes, all of which are declared and agreed to be in furtherance of a plan for the ownership and management of such real property, and are established and agreed upon for the purpose of enhancing and protecting the value, desirability and attractiveness of such real property, and every part thereof. All of such limitations, covenants, conditions, restrictions, reservations, liens and charges and equitable servitudes shall run with the real property and shall be binding on all parties having or acquiring any right, title or interest in the described real property, or any part thereof, whether as sole owners, joint owners, lessees, tenants, occupants, or otherwise, and they shall inure to the benefit of every portion of such property and shall be for the benefit of each owner of any portion of said real property, or any interest therein, and shall. inure to the benefit of and be binding upon each successor in interest of each Owner, and all of which are imposed upon the real property described above and every portion thereof, is a servitude in favor of each and every portion thereof as the dominant tenement. I. DEFINITIONS "Adjusted Income" means the adjusted income of a person (together with the adjusted income of all persons who intend to reside with such person in one residential unit) as calculated in the manner prescribed cinder Section 142(d)(2)(B) of the Code. "Affordable Rent" means monthly rent (including the Utility Allowance, and excluding any supplemental rental assistance from the ,State of California, the federal government or any other public agency) not in excess of thirty percent (30%) of one -twelfth (1I12th) of sixty percent (60%) of the Median Income for the Area, adjusted for family size assuming a three person household for a one bedroom apartment and a five person household for a two bedroom apartment. (City to provide an updated schedule of rents to Association Chairperson when revised by HUD. By example, the current rent limit for a family of three is $923 for a one bedroom apartment and $1,107 for a family of five in a two bedroom apartment.) "Annexation Parcels" means those parcels which are described on the Legal Description of Annexation Parcels which is. attached hereto. as Exhibit "C" and incorporated herein. "Area" means the Orange County, California Metropolitan Statistical Area. "Association"means the Cornerstone Village Owners' Association, a California nonprofit mutual benefit corporation, its successors and assigns, in which all Owners shall have a membership interest as more particularly described herein, provided that membership be limited to Owners. "Board" or "Board of Directors" may be used interchangeably herein and shall mean the Board of Directors of the Association as the same may, from time to time, be constituted. "Building" means a multifamily apartment building or buildings on a Parcel. EXHIBIT E: Page 2 of 24 "Bylaws" means the Bylaws adopted by the Association, including any amendments or additions thereto. "City" means the City of Santa Ana, a California charter city and municipal corporation. "Code" means the Internal Revenue Code of 1986, as amended, including the Regulations promulgated thereunder or under any predecessor statute. "Common Area Improvements" shall mean physical improvements to real property which improvements are owned, maintained, and operated by the Association. "Common Improvement Areas" shall mean certain improvements to real property and portions of legally separate real properties specifically designated for common use by all Owners, tenants, occupants and residents, as defined herein by description and/or graphic exhibit on Exhibit "B" attached and incorporated hereto. "County" means the County of Orange, California. "Declaration " means this Declaration of Conditions, Covenants, Restrictions and Easements, together with any amendments, supplements or modifications hereto, "Deed of Trust" shall mean and be synonymous with the word "mortgage," and the same may be used interchangeably with the same meaning; and likewise, the word "trustor" shall be synonymous with the word "mortgagor," and the word "beneficiary" shall be synonymous with the word "mortgagee," "Low Income Tenant" means a person or family with Adjusted Income, determined as of the date of initial income certification for existing tenant and for new tenants occupancy by reference to the income certification process described in Section [4.4], that does not exceed eighty percent (80%) of the Median Income for the Area, adjusted for family size. (Note: In June 1999, eighty percent (80%) of the Median Income for a family of four is $54,640 per year.) "Median Income far the Area " means the median income for the Area as determined and published annually by the Secretary of Housing and Urban Development under Section 8 of the United States Housing Act of 1937, as amended, or if programs under Section 8 are terminated, median income for the Area determined under the method used by the Secretary prior to such termination. (Note: This information can be obtained from the City of Santa Ana Housing Department or the United States Department of Housing and Urban Development, 611 West 6th Street, Los Angeles, CA 90017.) EXHIBIT E: Page 3 of 24 "Mortgage" means the conveyance of any portion of the project to secure the performance of an obligation, which conveyance shall be void upon the due performance of said obligation. "Mortgagee" means a lender, whether a person or entity, to whom a mortgage is made; "mortgagor" means an Owner who mortgages his or its property to another, i.e., the maker of a mortgage. "Nu isan ce ".means anything which is injurious to health, or is indecent or offensive to the senses, or an obstruction to the free use of property, so as to interfere with the comfortable enjoyment of life or property, within the meaning of California Civil Code Section 3479 and other applicable law. "Owners" shall mean the current owners of the Parcels and their successors and assigns, but excluding those having such interest merely as security for the performance of an obligation. "Parcel" shall mean the boundaries of each legal parcel as designated by the county assessor and which parcels are a part of the Project. "Person " means a natural person, corporation, partnership, association, firm or other entity as the context may require. "Project" includes those parcels of property currently improved with apartment building(s) and appurtenant parking facilities, which are located within an area of Santa Ana, California which is bounded by McFadden Avenue to the south, the property line between parking lots to the west, Grant Street to the north, and the railroad property line to the east. "Rules and Regulations" means those riles and regulations adopted by the Association or its Board, including any amendments or additions thereto. "Unit" shall mean and refer to those individual dwelling knits in the Buildings in the Project. "Utility Allowance" means a reasonable allowance for utilities, as defined by the United States Department of Housing and Urban Development for the Federal Section 8 program, and adopted from time to time by the Housing Authority of the City of Santa Ana. The allowance includes garbage collection, sewer, water; electricity, gas and other heating, cooking and refrigeration fuels, but excludes telephone or cable television service, H. FORMATION OF ASSOCIATION EXHIBIT E: Page 4 of 24 2.1 Formation. It is the intention of the Owners to form the Association and, upon such formation, every person or entity who is a record -owner of a fee or undivided interest in any Parcel shall, upon such formation, be a member of the Association and shall remain a member thereof until such time as his ownership ceases for any reason, at which time his membership in the Association shall automatically cease. ,Successors in interest and assigns shall automatically, upon becoming record owners, be a member of the Association. The common business, affairs and management of the Project shall be conducted by the Association as provided in this Declaration and the Bylaws. 2.2 Controlling Effect of Declaration. The Owners covenant and agree that the administration of the Project shall be in accordance with the provisions of this Declaration and the Bylaws. In the event that any of the matters in the Bylaws are in any way inconsistent with any matters in this Declaration, then any such matters in this Declaration shall prevail. 2.3 Owner Compliance with Declaration and Association Documents. Each Owner, tenant or occupant of any portion of a Building within the Project shall comply with the provisions of this Declaration, the Bylaws, riles and regulations and resolutions of the Association, all as lawfully amended from time to time; and failure to comply with any such provisions, decisions or resolutions shall be grounds for an action to recover sums due for damages or for injunctive relief. 2.4 Transfer of Association Membership. The membership in the Association held by any Owner shall not be transferred, pledged or alienated in any way, except that such membership may be (i) pledged to a lending institution as additional security for a loan which is also secured by the Building or Parcel; or (ii) transferred upon the transfer of such ownership. Upon the lease, sale or other transfer of a Building or Parcel, either the Owner who transfers the Building and/or Parcel or the transferee shall promptly notify the Association in writing of the name and address of the transferee, the nature of the transfer and the Parcels and Buildings involved, as well as such other information relative to the transfer and the transferee as the Association may reasonably request. The rights of Owners in this Declaration may be assigned by Owners to any successor to all or any part of Owners' interest in the Project by an express assignment incorporated in a recorded deed transferring such interest to such successor. An executed copy of the instrument'of transfer shall accompany said notice. All transfers shall be subject to this paragraph, including, but not limited to, transfers occurring by reason of sale, lease, gift, devise or inheritance. Any attempt to make a prohibited transfer is void and will not be reflected upon the books and records of the Association. In the event the Owner of any Parcel or Building shall fail or refuse to transfer the membership registered in his name to the transferee of such Parcel or Building, the Association shall have the right to record the transfer upon the boobs of the Association and issue a new certificate to the transferee, and thereupon the old certificate outstanding in the name of transferor shall be null and void as though the same had . been surrendered. A membership in the Association shall survive the death of a member and may be transferred in the manner herein provided. EXHIBIT E: Page 5 of 24 2.5 Voting Rights. The Association shall have one (1) class of voting membership consisting of all Owners who shall be entitled to one (1) vote for each Parcel owned. When more than one person holds an interest in any Parcel, the vote for such Parcel shall be exercised as they among themselves determine; but in no event shall more than (1) vote be cast with respect to any Parcel. If the owners of a Parcel cannot agree among themselves as to how such voting power will be exercised, and such Owners attempt to cast more than one vote for a Parcel, then no votes shall be counted for such Parcel. 2.6 Powers of Association. The Association shall have the following powers, rights and duties in addition to those provided elsewhere in this Declaration and those adopted in its Bylaws and rules and regulations: (a) To enforce the provisions of this Declaration. (b) To pay taxes, special assessments and other liabilities which are imposed upon the Association. (c) To levy Fines, assessments, and to perfect and enforce liens as hereinafter provided. (d) To make reasonable rules and regulations for the operation and use of the Project and to amend them from time to time. (e) To accept and acquire real property and personal property, and to maintain and make available such real and personal property for use by the Owners and the tenants of the Units within the Project. 2.7 Consent of Association. Whenever this Declaration or the Bylaws require the approval or consent of the Association, said approval or consent shall mean the written approval of the Board unless otherwise provided by this Declaration or the Bylaws. 2.8. Assessments. Each Owner shall be subject to the following assessments in amounts to be determined by the Board: (a) Regular monthly maintenance assessments equal to the Owner's assessment share of the actual or estimated cost of all maintenance; repairs; taxes to the Common Improvement Areas, if any; insurance; utilities for Common Improvement Areas; and other common expenses for the Common Area Improvements for which the Association is responsible, as declared within this Declaration, or as determined by the Association and outlined in the Bylaws. EXHIBIT E: Page 6 of 24 (b) Adequate reserves for replacement, in accordance with applicable state law, whether by capital contribution or otherwise, which reserves shall be amortized and collected on a monthly basis, and special assessments for capital expenditures or other purposes all on the same basis as for regular assessments, provided that in any fiscal year the Board may not, without the vote or written consent of a majority of the Owners, levy special assessments to defray costs of any action or undertaking on behalf of the Association which, in the aggregate, exceed fifteen percent (15%) of the budgeted gross expenses of the Association for that fiscal year. (c) Charges, payments, fines, penalties and such other sums as become payable under this Declaration or the Bylaws. The provisions of this Section 2.8 shall not apply to nor limit the right of the Board to levy and collect the sums specified herein as special assessments against an Owner as a remedy, or to reimburse the Association for costs incurred in bringing the Owner or his parcel of land and/or structure into compliance with this Declaration or the Bylaws. 2.9 Amount of Assessments. Each Owner's share ("assessment share") in the common expenses of the Project and of the Association shall be determined by the Association on a per Unit basis based upon the number of bedrooms and/or size of each Unit; provided, however, that the assessment formula may be altered or amended by the action of the Board of Directors. 2.10 Examination of Association Records. Owners shall have the right to reasonably examine the books and records of the Association during normal business hours. III. USE RESTRICTIONS The Parcels, Buildings and Common Improvement Areas shall be occupied and used as follows: 3.1 Low -Income Tenants at Affordable Rent. Owner covenants and agrees to rent all of the dwelling units in Owner's Property to Low -Income Tenants at Affordable Rent. (a) Term. The covenant set forth in this Section 3.1 shall commence on the Date that these OCRs are recorded for the subject Property and shall terminate with respect to such Property on the date that is the earlier of: (a) the fifteenth (15th) anniversary of the date that Agency issues and records a Certificate of Compliance for the each Property pursuant .to Section 5.2 or 5.4 of the OPA concerning the Property, or (b) the thirtieth (30th) anniversary of the Date of recordation of these CC&Rs. (b) Increase in Income. For purposes of satisfying the obligation set forth in Section 3.1, a person or persons who at the commencement of its occupancy qualified as a Low - EXHIBIT B; Page 7 of 24 Income Tenant shall continue to be treated as though they were a Low -Income Tenant even if such person's or family's income later rises to a level that exceeds that limit. (e) Initial Income Certification. Immediately prior to the occupancy of each unit by a new tenant after the effective date of these declarations, Owner shall obtain, as outlined in the OPA for the Property current income certification statements for the person or persons who will occupy the unit. Owner shall make a good faith effort to verify each income certification statement provided by an applicant for tenancy or by a tenant by taking one or more of the following steps as part of the verification process: (a) obtain a pay stub for the most recent pay period, (b) obtain an income tax return for the most recent tax year, (c) conduct a TRW credit or similar search, (d) obtain income verification from the applicant's or tenant's current employer, (e) obtain an income verification form from the Social Security Administration and/or the California Department of Social Services if the applicant receives assistance from either of such agencies, or (f) if the applicant is unemployed and/or has no such tax return, obtain another form of independent verification. Owner shall provide a copy of each such income certification statement to the City within one month of tenant occupancy along with a statement identifying the rent being charged for occupancy. Owner shall maintain a tenant file with any necessary background information regarding tenant certification as well as other information used for the certification form. Information shall be made available to the City upon request. City shall maintain list of tenants and current rent levels as provided by Owner. (d) Form of Lease. The form of lease or rental agreement for each rental unit, shall be agreed upon by the Association Board of Directors Owner agrees that all tenant lease agreements must contain a non-discrimination clause and conform with State and Federal laws regarding the provision of fair housing. Owner further agrees that all prospective tenants will be notified that Owner has relied on the income certification supplied by the tenant in. determining income -qualification for occupancy, and that any material misstatement in such certification will be cause for immediate termination of such lease or rental agreement. (e) Annual Report. Owner acknowledges that Agency, pursuant to Health and Safety Code Section 33418, is required to (a) monitor, on an on -going basis, any Agency program for housing affordable to persons and families of low or moderate income, and (b) as part of that monitoring, require owners and/or managers of that housing to submit an annual report to Agency. On an annual basis, Agency shall provide list of tenants and current rent levels to Owner for verification. Owner agrees to verify Agency records and return signed form within one month of receiving form. If records are inaccurate, then Owner must bring current all information. 3.2 Apartment Use. Each Parcel and Unit shall be used only for private apartment dwelling purposes, with appurtenant facilities including tenant and community service centers, and for no other purposes. EXHIBIT E: Page 8 of 24 3.3 Signs. All signs of any kind which are displayed to the public view on or from any Parcel shall be in accordance with the rules and regulations established by the Association and the City. 3.4 Nuisances. No Owner shall permit or suffer anything to be done or kept upon the Owner's Parcel which will impair the structural integrity of any other Owner's Building or which will obstruct or interfere with the rights of other occupants of other Buildings and Parcels, or annoy them by unreasonable noises or otherwise, nor shall any Owner commit or permit any nuisance on the Owner's Parcel or fail to keep the Owner's Parcel free of rubbish, clippings and trash or commit or suffer any illegal act to be committed thereon. Each Owner shall comply with all of the requirements of all governmental authorities with respect to the Owner's Parcel. 3.5 Alterations of Buildings. All structural alterations, construction and painting of the Buildings and improvements located on the Parcels shall be made in accordance with the guidelines established by the Association as set forth herein and the City Code. 3.6 Parking. No Owner shall permit the parking, storing or keeping of any vehicle except wholly within the parking areas designated therefor. No Owner shall permit the parking, storing or keeping of any large commercial -type vehicle (dump truck, cement mixer truck, oil or gas truck, etc.), or any recreational vehicle (camper shell detached from a private passenger vehicle, motor home, trailer, boat, boat trailer, mobilehome or other similar vehicle), or any vehicle other than a private passenger vehicle upon any portion of the Project, including parking spaces. No Owner shall permit major repairs or major restorations of any motor vehicle, boat, trailer, aircraft or other vehicle to be conducted upon any portion of the Property, including parking spaces, except for emergency repairs thereto and then only to the extent necessary to enable movement thereof to a proper repair facility. No inoperable vehicle shall be stored or kept anywhere on the Project. The Owners and the Association shill have the right to remove, at the vehicle owner's expense, any vehicle parked, stored or kept in violation of the provisions of this Declaration. In addition, all provisions of the City Municipal Code, including amendments thereto, shall apply. 3.7 Occupancy. Occupancy of each Unit shall be restricted to not more than 5 persons for each one bedroom Unit, and to not more than 7 persons for each two -bedroom Unit. Notwithstanding the foregoing, however, this Section 3.7 shall not restrict the occupancy of tenants who lawfully occupied their Units as of the date of this Declaration. The Owners have determined that all of the one bedroom units in the Project are substantially the same size, and all of the two bedroom units in the Project are substantially the same size, and accordingly it is appropriate to establish the foregoing occupancy standards based upon the number of bedrooms in the Unit rather than upon other criteria such as the size of each individual Unit. 3.8 No Transient Uses. No Owner shall be permitted to lease or rent his Parcel or any Unit thereon for transient or hotel purposes. EXHIBIT E: Page 9 of 24 3.9 Controlled Substances and Alcohol. Controlled substances shall not be permitted in the Project. Consumption of alcoholic beverages shall not be permitted in public areas on or about the Project, including without limitation Common Improvement Areas, front yards, carports, garages and alleys. 3.10 No Subdivision or Timeshares. No Owner shall further subdivide his Parcel, nor offer the Parcel for sale as a "timeshare" project, nor convert said Parcel to condominium or stock cooperative ownership, without the approval of the Board and compliance with applicable City ordinances. IV. ASSOCIATION DUTIES 4.1 Maintenance of Common Area Landscaping. The Association shall have the primary responsibility to maintain the Common Improvement Areas. Owners shall be responsible , as set forth in Section V, for extraordinary expenses for damage or expenses to or for Common Improvement Areas, above and beyond normal wear and tear, caused by an Owner or its tenants. The Association shall maintain or cause to be maintained landscaping on Common Improvement Areas, including landscaping within the public right-of-way, so as to be absent of the following: (a) Lawns with grasses in excess of six (6) inches in height. (b) Untrimmed hedges. (c) Trees, shrubbery, lawns and other plant life dying from lack of water or other necessary maintenance. (d) Trees and shrubbery grown uncontrolled without proper pruning. (e) Vegetation so overgrown as to be likely to harbor rats or vermin. (0 Dead, decayed or diseased trees, weeds and other vegetation. (g) Damaged or unsightly fences or gates in Common Improvement Areas. (h) Inoperative or damaged play equipment and outdoor furniture in Common Recreation Improvement Areas. (i) Inoperative irrigation system(s). EXHIBIT E: Page 10 of 24 4.2 Maintenance of Parking Areas. The Association shall keep parking areas within the Common Improvement Areas free of deterioration, including potholes, defects in asphalt so as to become uneven, unsightly surface conditions; and weeds growing through asphalt. The Association shall periodically resurface and restripe parking lots as necessary. Although oil spills shall be the responsibility of Owner, periodic cleaning of parking areas shall be the responsibility of the Association. The Association shall have the right to have towed or otherwise removed any vehicle parked, stored or kept in violation of the provisions of this Declaration. Association shall also maintain any lights in parking areas that are installed as a result of the improvement project and trim tree canopies in parking areas to ensure that they do not interfere with the lighting. 4.3 Maintenance of Other Common Area Improvements. Perimeter and parking lot fencing, trash enclosures, recreation areas, entry signs, lights and pergolas, landscaped public right-of-way areas including parkways (not maintained by the City or the Agency, and walls and gates in Common Improvement Areas, if any, shall be routinely inspected by the Association and maintained in good condition and in good repair. In furtherance thereof, the Association shall pay for all water and utility costs serving Cozxamon Area Improvements maintained hereunder. Wherever possible, materials and finishes shall be grafitti resistent. 4.4 Architectural Guidelines and Review. The Association shall establish reasonable guidelines for facade treatments to Buildings, and paint colors for Buildings. Such guidelines shall be distributed to all Owners, and may be changed from time to time by the Board. 4.5 Signage. The Association shall establish reasonable rules and regulations with respect to the display of signs on Parcels and Buildings. Such rules and regulations shall be consistent with the City Municipal Code and applicable law, including without limitation Civil Code Sections 712 and 713. 4.6 Monitoring of Owner Maintenance Obligations. The Owners shall have the primary responsibility to properly maintain Buildings and other improvements on such Owner's Parcel (not expressly maintained by the Association as set forth in Section IV). Nevertheless, the Association, through its designees or designated Owners, shall have the power to periodically conduct inspections of the Project including interiors of units, and shall promptly after conducting such inspections notify responsible Owners of maintenance deficiencies. The Association shall establish procedures to ensure compliance by Owners is carried out within a specified period of time, including levies and assessments pursuant to ,Section 2.8 (c). 4.7 Tenant -Screening Methods and Leases. The Association shall establish reasonable tenant screening criteria, which criteria may be amended from time to time, and shall distribute such criteria to all Owners. The Association shall have the power to review and approve written blank lease forms submitted by Owners. EXHIBIT E: Page 11 of 24 4.8 On -Site Manager. The Association shall designate at least one on -site manager as a contact for the Project and may contract with an off -site manager. Either on or off site managers shall be responsible for such duties as designated by the Board relating to the provisions of this Declaration and the Bylaws. The Association shall inform the City of the name, address and telephone number of the on and off -site manager and of any and all changes to such information within ten (10) days of said change. 4.9. Obstructions and Alterations. Except as otherwise provided in this Declaration, the Association shall be responsible for ensuring that there.shall be no obstruction of the Common Improvement Areas, that nothing shall be kept or stored in the Common Improvement Areas (except for designated storage areas); and that nothing shall be altered, constructed or planted in or removed from the Common Improvement Areas without the prior written consent of the Association. 4.14. Removal of Debris and Graffiti. The Association shall be responsible for keeping or causing the keeping of the Common Improvement Areas free of rubbish, debris and other unsightly or unsanitary materials. The Association shall remove graffiti from Common Improvement Areas and Owner's Parcels and Buildings within five days of its creation. For any buildings with paint colors that are not consistent with the colors identified in the Association's Architectural Guidelines, the property owner shall provide matching paint to the Association or the Association will attempt the best match within colors identified by the Association's Architectural Guidelines. 4.11 Insurance. The Association shall take out and maintain throughout the term of this Declaration a comprehensive general liability and property damage policy in a reasonable and appropriate amount. The Association shall take out and maintain throughout the term of this Declaration a policy insuring the officers and members of the Board against errors and omissions. The Association shall tape out and maintain throughout the term of this Declaration a fidelity bond of insurance for board members, officers, trustees, employees and volunteers responsible for handling fiinds collected and held for the Association naming as insured the Association for an amount sufficient to cover at least one -and -one-half times the Association's estimated annual operating expenses and reserves. All policies of insurance obtained by the Association shall be obtained from an insurance company qualified to do and doing business in the State of California, and such policies may be obtained from one or more companies. V. OWNER DUTIES 5.1 Leases Subject to Declaration. Each Owner shall enter into written leases with each new tenant of a Unit, in a form which has been approved by the Association. Each such lease shall provide that the terms of the lease shall be subject in all respects to the provisions of EXHIBIT E. Page 12 of 24 this Declaration and that any failure by the tenant to comply with the terms of this Declaration shall be a default under the lease. 5.2 Tenancy Applications. All prospective tenants of Units in each Owner's Building shall make application through the Owner, who shall follow a tenant screening method approved by the Association. 5.3 General Maintenance Obligations. Each Owner shall have the affirmative obligation to prevent conditions dangerous to the public health, safety and general welfare; or constitute an unsightly appearance or otherwise detract from the aesthetic and property values of neighboring properties, as determined by the Association, in accordance with the rules and standards which are established by the Board. 5.4 Maintenance of Landscaping. Each Owner shall maintain the landscaping on such Owner's Parcels that are not included in the Common Improvement Areas so as to be absent of the following: (a) Lawns with grasses in excess of six (6) inches in height. (b) Untrimmed hedges. (c) Trees, shrubbery, lawns and other plant life dying from lack of water or other necessary maintenance. (d) Trees and shrubbery grown uncontrolled without proper pruning. (e) Vegetation so overgrown as to be likely to harbor rats or vermin. (f) Dead, decayed or diseased trees, weeds and other vegetation. (g) Inoperative irrigation system(s). 5.5 Maintenance of Yards, Courtyards and Parking. Each Owner shall maintain yards, parking areas, and courtyards on such Owner's Parcels so as to be absent of the following: (a) Broken or discarded furniture, appliances and other household equipment stored in yard areas for periods exceeding one (1) week. (b) Packing boxes, lumber, trash, dirt and other debris stored in yard areas visible from public property or neighboring properties, for periods exceeding one (1) week. (c) Laundry hanging from trees, shrubs, fences or other yard areas. EXHIBIT E: Page 13 of 24 (d) Damaged or unsightly courtyard fences or gates. (e) Unpermitted or illegal lochs on required exits. (0 Oil spills in parking areas. (g) Graffiti 5.6 Maintenance of Buildings. Each Owner shall have the primary responsibility to maintain the Buildings and other improvements on such Owner's Parcel in accordance with Association Standards adopted pursuant to Section 5.7 hereof, including walls and fences not part of the Common Improvement Area, and to maintain such property in conformity with applicable City of Santa Ana codes. Upon the failure of the Owner to comply with this Section, the Association may exercise its rights under Section 2.8 (c) of these Declarations. This obligation shall be carried out in such a fashion that the Owners' Parcel shall be absent of the following: (a) Buildings abandoned, boarded up, partially destroyed or left unreasonably in a state of partial construction. (b) Unpainted buildings or buildings with peeling paint in such a condition as to cause dry rot, warping and termite infestation, or constitute an unsightly appearance that detracts from the aesthetic or property values of neighboring properties. (c) Broken windows. (d) Non -Association approved or missing window coverings. (e) Excessive or unsightly storage on balconies. (f) Deteriorated roofing, fascia board, eaves. (g) Security bars in front windows and unapproved security bars on windows. (h) Uncapped gas lines. (i) Lack of hot or cold running water. 0) Non -Association approved or unsafe light fixtures. (k) Deteriorated or damaged doors. EXHIBIT E: Page 14 of 24 (1) Non -Association anapproved screen doors. (m) Deteriorated stucco. (n) Deteriorated stairways and balconies. (o) Unpainted or peeling paint on railings, stairways or balconies (p) Improper/Non-permitted replacement of gas, water or electrical line or main feeds. (q) Unsafe electrical service panels, wiring or cabinets. (r) Missing or damaged window screens. (Note: all windows are required to have venting screens.) 5.7 Compliance With Association Standards. Each Owner shall ensure that Building interiors and exteriors on such Owner's Parcel shall be maintained to meet such further standards which are established by the Association (including Association Architectural Guidelines and approved paint color per Section 4.4 hereof), as such standards may be adopted and amended by the Board from time to time, after the prior review of such changes by the City. However, Owners shall not be responsible for ensuring that tenants of Units maintain the cleanliness of the interior of their Units. 5.8 Tenant Compliance with Standards. Owner shall notify each tenant that no tenant is allowed to remove items from the Property that is required by this Agreement, including window screens and smoke alarms, and that if a tenant does not comply, the Owner may fine the tenant at a rate to be agreed. upon by the Association. 5.9 Removal of Trash and Debris. Each Owner shall be responsible for keeping the Owner's Parcels and Buildings free of rubbish, debris and other unsightly or unsanitary materials. Each Owner shall maintain not less than one trash dumpster for every twenty (20) Units or two Buildings on such Owner's Parcels, and shall provide for trash pickup at a rate that meets Association Standards identified in Section 5.7 of this Agreement and is not less than the minimum required under the City of Santa Ana regulations or codes. Owners shall be responsible for trash that overflows dumpsters. Owners may maintain trash dumpsters which serve Parcels and Buildings owned by other Owners, so long as such minimum ratios are maintained. Upon the request of the Association, each Owner shall provide reasonable proof as to the frequency of trash pickup from such Owner's Parcels. EXHIBIT E: Page 15 of 24 5.10 General Liability and Property Damage Insurance. Each Owner shall take out and maintain throughout the term of this Declaration a comprehensive general liability and property damage policy in a reasonable and appropriate amount. Upon the request of the Association, the Owner shall furnish to the Association a certificate of insurance countersigned by an authorized agent of the insurance carrier setting forth the general provisions of the insurance coverage. All policies of insurance obtained by an Owner shall be obtained from an insurance company qualified to do and doing business in the State of California, and such policies may be obtained from one or more companies. 5.11 Manager Training. Each Owner hereby agrees to require any apartment manager for Owner's Property to have an Orange County Apartment Manager's Association Property Management Training Certificate for managing in a "high -risk" environment or equivalent certification and/or experience and training approved by Agency and the Association Board. For property managers in Owner's employ as of the effective date of this Declaration, such managers shall come into compliance with this requirement within one (1) year or such longer period as may be approved by the Association Board. For property managers hired by Owner after the effective date of this Declaration, such managers shall come into compliance with this requirement within one (1) year of the date of commencement of their employment or such longer period as may be approved by the Association Board. The certification requirement set forth above shall be subject to the condition that the cost to obtain such certification not exceed Thirty -Five Dollars ($35.00), as such sum shall be reasonably increased from time to time by the Association Board, to reflect any increases charged by the training organizations. VI. DECLARATION OF EASEMENT 6.1. Grant of Easement to Association. The Owners hereby grant to the Association a nonexclusive easement appurtenant to each Owner's Parcel in, over, through, to and across such Parcels for the purpose of providing access to Association officers, employees and contractors, and their vehicles and equipment, for the purpose of carrying out the rights and obligations of the Association under this Declaration. The location and use of the foregoing easement shall not be changed after the date hereof except through the amendment of this Declaration pursuant to Section 10.2 hereof. 6.2 Character of Easement. Unless expressly stated in this Declaration to the contrary, the easement granted in this Article V1 shall be appurtenant to the Parcels and shall inure to the use and benefit of the Association, the Owners and their tenants, and such easement may not be held, transferred, assigned or encumbered except as an appurtenance to the Parcels. For the purposes of the easement granted in this Article VI, the property benefited by such easement will constitute the dominant estate and the property burdened by such easement will constitute the servient estate. EXHIBIT E: Page 16 of 24 6.3 Enforcement of Easement. The easement granted in this Article VI shall not be extinguished by the present or future vesting of rights to the dominant estate and rights to the servient estate in the same person or entity. This Article VI is not intended to create enforceable rights in any tenants of the Units in the Project. 6.4 No Easement by Implication; Prevention of Prescriptive Rights. Neither the execution of this Declaration nor the granting or declaring of the easement set forth in this Article VI shall be deemed a grant or declaration of an easement or easements to any third party, except to the extent that the easement provided for herein run with the land, nor an establishment of an easement or easements by implication, and Owners and the Association each understand and agree that the only easement made and granted or declared by such parties is the easement which is expressly made and granted or declared by this Article VI. Each Owner hereby reserves the right to eject or cause the ejection of, from its respective property, any person not authorized, empowered or privileged to use such property pursuant to the terms of this Article VI. Each Owner further reserves the right to restrict access to its respective property for such reasonable periods of time as may be necessary to prevent the acquisition of prescriptive rights by any person; provided, however, that prior to the imposition of such restrictions on access, the Owner exercising such right shall give written notice to the other parties of its intention to do so and shall coordinate such restriction of access with the other parties so that no unreasonable interference with the operation of the Project shall occur. 6.5 Unimpeded Access. The Owners hereby declare that at all times there shall be free access between and among the parking areas within the Project, which free access shall not be impeded by continuous barriers, fences, walls, buildings or other impediments to the integration of the parking areas within the Project; excepting that if reasonably necessary, such access may be reasonably impeded by the Owners, and their employees, agents, contractors and subcontractors, for the purpose of any maintenance or repairs to the improvements located on such Parcels. The access rights provided herein shall not include the right to park on an Owner's Parcel. 6.6 Easement Use. Subject to all existing and fixture rules and regulations adopted for the use of the Parking Areas as provided in this Declaration, the use of the easement provided for in this Declaration shall be nonexclusive and shall be for the use and benefit of the Association, the Owners, and their tenants. The Common Improvement Areas shall at all times be used in conformance with applicable laws, including without limitation the City Municipal Code, 6.7 Right of Use. Each Owner shall have the right at any time and from time to time, to remove, exclude and restrain any person from the use and enjoyment of the Common Improvement Areas on the Parcel owned by such Owner, excepting the Association, the Owners and their tenants. EXHIBIT E: Page 17 of 24 VII. REMEDIES OF ASSOCIATION 7.1 Right of Entry. The Association shall have the right of entry, at reasonable hours and upon no less than 24 hours advance notice, onto any Parcel or into any Unit to inspect for the need for repairs or maintenance which the Owner has failed to perform. Entry onto any Parcel or into any Unit for other than emergency repairs may be made only after notice, as provided herein, to determine the necessity and right of such entry and the responsibility for the cost of any repairs or maintenance, 7.2 Failure of Owner to Repair or Maintain. In the event an Owner shall have failed for a period of thirty (30) days after notice to the tenant and Owner from the Association to maintain, repair, restore and/or rebuild such Owner's Unit, the Association shall have the right, through its officers, agents and employees, to maintain, repair, restore and/or rebuild the same and to assess the costs thereof upon the Owner whose structure was so maintained, repaired, restored and/or rebuilt, or to seek any other remedy available at law. If the Association contracts out such maintenance, restoration, repair and/or rebuilding, the Association shall also have the right to assess the costs thereof upon the Owner whose structure was so maintained, repaired, restored and/or rebuilt in accordance with Section 2.8 (c). 7.3 Violation of Rules: Association shall have the right to send violation notices, conduct Hearings and fine owners for violation of rules. 7.4 Effect of Nonpayment of Assessments, Remedies of the Association. Any assessment not paid within thirty (30) days after the due date shall incur a late payment fee equal to six percent (6%) of the unpaid assessment or such greater amount as permitted by law. The Association may bring an action at law against any Owner personally obligated to pay the same, or in equity for foreclosure of the lien against such Owner's Parcel. The Association may also foreclose the lien described hereinbelow by the nonjudicial foreclosure provisions provided for by the laws of the State of California. No Owner may waive or otherwise escape liability for the assessments provided for herein by abandonment of such Owner's Parcel, and such assessments shall become a personal obligation of the Owner. 7.5 Notice of Lien. No action shall be brought to foreclose such assessment lien or to proceed under the power of sale herein provided less than thirty (30) days after the date a notice of claim of lien is deposited in the United States Mail, certified or registered, postage prepaid, to the Owner and a copy thereof is recorded by the Association in the official records of Orange County, California. Such notice of claim must recite a good and sufficient legal description of any such Parcel, the record Owner or reputed Owner thereof, the amount claimed (which may at Association's option include interest on the unpaid assessment at the rate of ten percent (10%) per annum, or such greater amount as permitted by law, phis costs of collection in connection EXHIBIT E: Page 18 of 24 with the debt secured by said lien and reasonable attorneys' fees), and the name and address of the claimant. 7.6 Foreclosure Sale. Any such sale provided for above is to be conducted by the Board, its attorney or other persons authorized by the Board in accordance with the provisions of Sections 2924, 2924a, 2924b, 2924c, 2924f, 2924g and 2924h of the Civil Code of the State of California, applicable to the exercise of powers of sale in mortgages and deeds of trust, or in any other manner permitted by law. The Association, through duly authorized agents, shall have the power to bid on the Parcel at any foreclosure sale, to acquire and hold, lease, mortgage and convey the same. 7.7 Curing of Default. Upon the curing of any default for which a notice of claim or lien is filed by the Association, the officers thereof shall, within thirty (30) days file or record, as the case may be, an appropriate release of such notice, upon payment by the defaulting Owner of a fee, to be determined by the Association to cover the costs of preparing and filing or recording such release. 7.8 Cumulative Remedies. The assessment lien and the rights to foreclosure and sale thereunder shall be in addition to and not in substitution for all other rights and remedies which the Association and its assigns may have hereunder and by law, including a suit to recover a money judgment for unpaid assessments, as above provided. 7.9 Assessments. All Assessments required to be made to the Association by Owners are due on the first of each calendar month and are delinquent if not received by the Association by the tenth of each calendar month at a location designated by the Association. Funds received are to be applied first to late charges, then to fines, then to penalties, then to interest owed, then toward Assessments, then toward any other sums as become payable under this Declaration or the Bylaws. 7.10 Contingency Funds. For the first five years of the Association, the City of Santa Ana will provide a contingency fund account of $25,000. In the event that an Owner is delinquent for sixty days on any portion of its Assessment, late charges, fines, penalties, interest, or any other stuns payable under this Declaration of the Bylaws, the Association will draw upon the contingency find account of $25,000 set aside by the City of Santa Ana in an amount sufficient to bring the delinquent account current. After bringing a delinquent account current, the Association must pursue legal remedies against the Owner in order to draw upon the contingency fiend account of $25,000 again. If the account is delinquent for more than 180 days, the City must approve any further use of the contingency fund for that delinquent account. The Association's drawing upon these contingency funds does not relieve or in any way affect the delinquent Owner's obligation to bring its account current, or incur interest, penalties, and late charges, and collection will proceed against the delinquent Owner in accordance with Article VII of this Declaration. EXHIBIT E: Page 19 of 24 7.11 Application of Fends. Funds collected from the delinquent Owner will be applied to its Association account as specified in Section 7.9 and will be returned within thirty days to the City of Santa Ana's contingency funds account up to an amount that contingency funds were received by the Association from the City. Funds returned to the City will include no interest, fees, or other charges and are to be placed directly into the City's contingency fund account to restore it to its former level. VIII. CITY RIGHT OF REVIEW AND ENFORCEMENT The City of Santa Ana ("City") shall have the following rights of review and enforcement with respect to this Declaration: 8.1 City Approval of Amendments. Changes or amendments to this Declaration: must be approved by the City. The Association shall give the City notice of any proposed changes or amendments to this Declaration by mailing a copy of the precise language of the proposed change or amendment to the City, addressed to the City of Santa Ana Executive Director of Community Development, P.O. Box 1988, Santa Ana, California 92702 (or such other address as the City specifies in a written notice to the Association), together with a letter of transmittal explaining the proposed change or amendment in general terms. The City shall have an opportunity to review and approve, disapprove or submit written comments upon the proposed amendment for a period of not more than twenty-one (21) days from the date such notice is sent, provided that in exigent circumstances the Association may specify a shorter time period for review and comment, which time period shall not be less than ten (10) days from the date of sending such notice. If the City submits written comments within such time period, the Association shall incorporate the City's comments into such change or amendment to the extent feasible, and shall resubmit the proposed change or amendment to the City, and the City shall have an additional fourteen (14) days to approve or disapprove such revised amendment or change 8.2 City Enforcement of Declaration. The City may send written notices to Owners of their failure to maintain, repair, restore and/or rebuild such Owner's Unit in accordance with this Declaration. The City shall concurrently send a copy of all such notices to the Association. The Owner shall cure the deficiency specified in the City's notice within thirty (30) days after the date such notice is received from the City, or if such deficiency cannot reasonably be cured within such thirty (30) day period, the Owner shall commence to cure such deficiency within such thirty (30) day period and diligently pursue the completion of such cure as soon as practicable thereafter. In the event that the Owner fails to cure the deficiency within such time, the City shall have the right to maintain, repair, restore and/or rebuild the same, or caused same to be done. The City shall also have the right to assess the reasonable costs thereof, exclusive of administrative and internal charges, upon the Owner whose structure was so maintained, EXHIBIT E: Wage 20 of 24 repaired, restored and/or rebuilt, and the assessment shall have the same effect as an assessment by the Association. 8.3 City Enforcement of Laws. The City is hereby granted the express power to enforce all laws and ordinances of the State of California and the City of ,Santa Ana on the Common Improvement Areas and the Parcels within the Project. 8.4 Right to Enter. Owners hereby acknowledge and intend and thus grant to the City, through the City's duly authorized agents or employees, the right to enter upon the Common Improvement Areas and Parcels for the purposes of carrying out its rights under Sections 8.2 and 8.3 hereof. IX. MORTGAGE PROTECTION Notwithstanding any and all provisions elsewhere in this Declaration to the contrary, in order to induce lenders and investors to participate in the financing of the Parcels and Buildings within the Project, the following provisions are added hereto; and to the extent these added provisions conflict with any other provisions of this Declaration, the Articles of Incorporation or the Bylaws of the Association, these added provisions shall control: 9.1 Notice of Default. Each mortgagee of a mortgage encumbering any Parcel, upon written request to the Association, will be entitled to notification from the Association of any default by the mortgagor of such Parcel in the performance of such mortgagor's obligations under this Declaration, the Articles or the Bylaws which is not cured within sixty (60) days. The Association may charge the Owner and/or the mortgagee a reasonable fee for providing such notification. 9.2 No Liability for Unpaid Dues. Any mortgagee or third -party foreclosure .. purchaser who comes into possession or who obtains title to a Parcel pursuant to the remedies provided in the mortgage or foreclosure of the mortgage, or by deed or assignment in lieu of foreclosure, will not be personally liable for such Parcel's unpaid dues or charges which accrue prior to such possession or acquisition of title to such Parcel. The assessment liens provided for herein shall be subordinate to the lien or equivalent security interest of any first mortgage on a Parcel recorded prior to the date any such assessments become due. Such subordination shall apply only to assessments which accrue prior to a sale or transfer of such property pursuant to a decree of foreclosure or trustee's sale. To the extent permitted by law, any sale or transfer shall not relieve such property from liability for any assessments thereafter becoming due or from the lien of any such subsequent assessment. 9.3 Supermajority Approval of Certain Amendments. Unless at least eighty percent (80%) of the Owners of the individual Parcels, as well as the City pursuant to Section 8.1 EXHIBIT E: Page 21 of 24 hereof, have given their prior written approval, the Association or the Owners shall not be entitled to: (a) by act or omission, seek to abandon or terminate this Declaration, except for abandonment or termination provided by law in the case of substantial destruction of the Project by fire or other casualty or in the case of a taking by condemnation; (b) change the pro rata interest or obligations of any individual Parcel for purposes of levying assessments or charges or allocating distributions of hazard_ insurance proceeds or condemnation awards; or (c) make any amendment to this Declaration, the Articles or the Bylaws governing the following subjects: (i) the fundamental purpose for which the Project was created (such as a change from multifamily residential use to a different use); (ii) voting; (iii) assessments, assessment liens and subordination thereof; (iv) annexation; and (v) any provision of this Article IX. 9.4 Examination of Association Records. Mortgagees and prospective mortgagees shall have the right to reasonably examine the books and records of the Association during normal business hours. 9.5 Taxes. All taxes, assessments and charges which may become liens under applicable law shall relate only to the individual Parcels and not to the Project as a whole, 9.6 Notices. The Association shall, upon the request of any first mortgagee, (1) give written notice of all meetings of the Association and permit such mortgagee to designate a representative to attend all such meetings, and (2) transmit to such mortgagee an annual audited financial statement of the Project within ninety (90) days following the end of any fiscal year of the Project. The Association may charge the Owner and/or the mortgagee a reasonable fee for. providing such notification. 9.7 No Forfeiture. No breach of any of the foregoing covenants and restrictions shall cause any forfeiture of title or reversion or bestow any right of reentry whatsoever; but violation of any one or more of these covenants or restrictions may be enjoined or abated by Owners, their successors and assigns, and by the Association, by action of any court of competent jurisdiction; and damages may also be awarded against such violations provided, however, that any such violation shall not defeat or render invalid the lien of any mortgage made in good faith and for value as to said property or any part thereof, but said covenants and restrictions shall be binding upon and effective against any Owner of said property, or portion thereof, whose title thereto is acquired by foreclosure, trustee's sale or otherwise. EXHIBIT E: Page 22 of 24 X. GENERAL PROVISIONS 101. Effective Date; Term. But for the affordability covenant contained in Section 3.1 hereof, the terms and provisions of this Declaration shall take effect upon the recordation hereof in the Official Records of Orange County, California, provided, however, that this Declaration shall not be so recorded until the Owners of at least Ninety Percent (90%) of the Parcels within the Project have executed this Declaration. Once recorded, this Declaration shall remain in full force and effect for a period of twenty (20) years thereafter, and shall be automatically renewed and extended thereafter for successive periods of ten (10) years each unless sooner terminated by the Owners pursuant to the provisions of Section 10.2 hereof. 10.2 Amendments. Except as otherwise provided in Section 9.3 hereof, this Declaration may be amended, modified or terminated at any time by a declaration in writing, executed and acknowledged by the Owners of a majority of the Parcels in the Project. This Declaration shall not be otherwise amended, modified or terminated during the term hereof. 10.3. Annexation Property. Any of the Annexation Parcels which are described in the Legal Description of Annexation Parcels, which is attached hereto as Exhibit "C" and incorporated herein, may be annexed from time to time to this Declaration by the recordation in the official records of Orange County, California of a notice thereof executed by the Owner of such Annexation Parcel and an officer of the Association. 10.4 Governing Law. This Declaration shall be construed in accordance with the laws of the State of California. 10.5 Section Headings. The Article headings of this Declaration are for convenience only and shall in no way define or limit the scope or content of this Declaration and shall not be considered in any constriction or interpretation of this Declaration or any part thereof. 10.6 Not a Partnership. Nothing in this Declaration shall be construed to make any of the Owners partners or joint venturers. 10.7 Binding on Successors and Assigns. This Declaration shall be binding upon and inure to the benefit of the successors and assigns of Owners. Each Owner shall take all reasonable steps necessary to ensure that any successor or assignee has knowledge of all terms and conditions of this Declaration. 10.8 Attorneys' Fees. rn the event action is instituted to enforce any of the provisions of this Declaration, the prevailing party in such action shall be entitled to recover from the other party thereto, as part of the judgment, reasonable attorney's fees and costs. EXHIBIT E: Page 23 of 24 INCOME VERIFICATION (for Department of Social Services aid recipients) TO: CALIFORNIA DEPARTMENT OF SOCIAL SERVICES Ladies and Gentlemen: I am receiving assistance through your office. I have applied for a rental unit located in a project with improvements financed by the City of Santa Ana for persons of low income. In connection with my application for a rental unit, I hereby authorize the Department of Social Services to release to the specific information requested below: Date: Signature Caseload Number Name (Print): Case Number Case Worker: 1. Number of persons included in budget: 2. Total monthly budget $ a) Amount of grant $ Date aid last began: b) Other income. and source: c) Is other income included in total budget? Yes No 3. Please specify type of aid (AFDC, FR, Food Stamps, ANB, MediCal, Etc.) 4. If recipient is not receiving full grant, please indicate reason: ❑ Overpayment due to client's failure to report other income ❑ Computation error ❑ Other 5. Date when full grant will resume: Case Worker's Signature Telephone. District Office: Your very early response will be appreciated. INCOME VERIFICATION Exhibit I: 10 of 11 (for self-employed persons) hereby attach copies of my individual federal and state income tax returns for the immediately preceding calendar year and certify that the information shown in such income tax returns is true and complete to the best of my knowledge. Date: Signature: Please send form to: Exhibit 1: 11 of I I EXHIBIT J: Estimate of City/Agency Funded Improvement Costs CITY FUNDED IMPROVEMENT PROJECT EST. COST PROJECT A.1: STREET IMPROVEMENTS PROJECT A.2; UNDERGROUND ELECTRIC PROJECT A. CONSTRUCTION SUBTOTAL PROJECT B.1: PARKING & ALLEY IMPROVEMENTS PROJECT B.2: OWNER LANDSCAPING PROJECT B: CONSTRUCTION SUBTOTAL TOTAL CONSTRUCTION COSTS FOR CITY FUNDED PROJECTS 110% OF ESTIMATED CONSTRUCTION COST EXHIBIT J: Page 1 of 1 $842,000 $200,000 $1,042,000 $670,000 $245,000 $915,000 $1,957,000 $2,152,700 EXHIBIT K: Promisory Note and Deed of Trust PROMISSORY NOTE (secured by deed of trust) Santa Ana, California $ .00 2002 1. FOR VALUE RECEIVED; the undersigned, (the "Owner") promises to pay to the Community Redevelopment Agency of the City of Santa Ana, a public body, corporate and politic, ("Agency"), at 20 Civic Center Plaza, Santa Ana, California, 92701, or such other location as the holder hereof may designate, the amount of Dollars ($ .00), plus accrued interets, in accordance with the terms of that certain Owner Participation by and between the Agency, the City of Santa Ana and Owner dated , 2002 (the "OPA"). 2. This Note shall accrue interest at the rate of six percent (6%) per annum on the initial principal balance only fiom the Fagade and Courtyard Improvement Completion Date until forgiven or repaid. No payments will be required prior to the Conditional Loan coming due as provide above. If a Certificate of Compliance is not issued within the time provided for in the OPA, this Note, together with accrued interest, shall immediately become due and payable in full. 3. The Owner waives presentment for payment, demand, protest, and notices of dishonor and of protest; the benefits 'of all waivable exemptions; and all defenses and pleas on the ground of any extension or extensions of the time of payment or of any due date under this Note, in whole or in part, whether before or after maturity and with or without notice. The Owner hereby agrees to pay all costs and expenses, including reasonable attorney's fees, which may be incurred by the holder hereof in the enforcement of this Note. "Owner" Name: EXHIBIT K; Promissory Note and Deed of Trust Pagel of 4 RECORDING REQUESTED BY CITY OF SANTA ANA AND COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA AND WHEN RECORDED MAIL TO City of Santa ,Ana and the Community Redevelopment Agency of the City of Santa Ana 20 Civic Center Plaza P.O. Box 1988, M-37 Santa Ana, CA 92702 SPACE ABOVE THIS LINE FOR RECORDER'S USE SHORT FORM DEED OF TRUST AND ASSIGNMENT OF RENTS This Deed of Trust, made this day of , between (month) (year) herein called TRUSTOR, whose address is (nzunber and street) (city) (state) TRUSTORS SECURITY SERVICE, a California corporation, 2731 % E. Coast Highway, Corona Del Mar, CA 92625 called TRUSTEE, and COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA, a public body, corporate and politic, herein called BENEFICIARY, Witnesseth: That Trustor IRREVOCABLY GRANTS, TRANSFERS AND ASSIGNS to TRUSTEE IN TRUST, WITH POWER OF SALE, that property in County, California, described as: See Exhibit "C" attached hereto and incorporated herein by reference. TOGETHER WITH the rents, issues and profits thereof, SUBJECT, HOWEVER, to the right, power and authority given to and conferred upon Beneficiary by paragraph (10) of the provisions incorporated herein by reference to collect and apply such rents, issues and profits. EXHIBIT K: Promissory Note and Deed of Trttst Page 2 of 4 For the Purpose of Securing: 1. Performance of each agreement of Trustor incorporated by reference or contained herein. 2. Payment of the indebtedness evidenced by one promissory note of even date herewith, and any extension or renewal thereof, in the principal sum of S See Rider attached hereto executed by Trustor in favor of Beneficiary or order. TO PROTECT THE SECURITY OF THIS DEED OF TRUST, TRUSTOR AGREES: By the execution and delivery of this Deed of Trust and the note secured hereby, that provisions (1) to (14) inclusive, of the fictitious deed of trust recorded in Riverside county June 24, 1968, and in all other Counties July 2, 1968, in the book and at the page of Official Records in the office of the County Recorder of the county where said property is located, noted below opposite the name of such County, viz: .._..._..._.__._... .......... 1SOOK. ; A.... AO doY PAC KOUNTY BOOK P GE COUNTY BOOK PAGE COUNTY BOO PAGE1 Clame :. _..... —2210 ............. - 8 m s ...._ 924 , •- ...__. _ 85 ce ._,_..... U _.-_,•--.--._.-.,__ „. 4 632 Shasta. 95a 68 .._......._10 . µ l M 483_.- _ Luke.. . _....... -Y---»__., -271 Plumas l 1a2., _ _- Amador 175 234 1 Las en 222 -476 Riverside - ggfl4 - - 33 Sierr� 47 197 5 Year 1968 I Siski ou - - _ ..,__ ,_.__ ...-.---•-__..-,_ 1523 - Sacramento g60 897 _ to _ ._ _..... _...._......... -_23 ... 386 Las An e[es---._..._T5841 -...,_. -Cat veras ! 342 Sacramento _ .e... .... _ la ......... . 259 _....,.._M ._..... -...4b _ ....__......- ---- _._. _ 68 07 02 26a ...Solano.._.. _._ 51.4._ ....-- ..... 628 Bu adera - - 1D13 455 San Benito 339 63 Sonoma 2338 961 -- — Calusa 357 _ 32 IVfann 2222 339 1 San Bernardino 7053 ` r - - ____.....__....�.. _........ _..--•--._..-._........._.-._._ . _,_ ?...-_ 298 Stansslaus 2227 171 San Dreg°.. Book 1969 __ 6 {.............._ 25 -- - .0 ....._ _ ......._. _ ....... - -- - - -., ... ........SutterMariposa .............. _.,..,..,..... ..---..._.-_...._..__.._..� Series 111626 Su (Mendocino I 768 Tehnma I SE4 27S ortc 1 135 25G E1Dorado 1 684 635 'Merced __-j 1775 48 SanPrancisco ; B2S4 2G1 Tnmty 128...._.._.--.r567 -- Fresno 5586 264 , Modoc z04 l56 _SanJoaguin _ 322] 96 T Tulare 2790 157 Glarus I 509 75 Mano -.---.._..... _ ................_,____...:..._.......� I 9S 17 SmrLuisObrspo 1481 j 591 r Tuolurrnre253 585 Humboldt 966 322 (Monterey ; 563 j 646 j San IvFatao 5496 67 Ventura'--- 3328 548 Impenal 1264 201 Na a ! 789 862 Santa Barbara_ ............... - .................... 1? .._----_____.:-----_......»...._.�.. 2237--=...-_...._„.„.734.:.YoIo.--..__.-__...._..,._.a85-•----....-163 ' Goo l82 ] 944 I Nevada - 450 210 }Santa Clara 8177 4U3 Yuba 469 39$ , 1 _ _ „ ..,I KamL .4175 L 224 i Ornn a .... --- 5648,..,., .......... __1840 _........ ... ............... (which provisions, identical in all counties, are printed on the reverse hereof) hereby are adopted and incorporated herein and made a part hereof as fully as though set forth herein at length; that he will observe and perform said provisions; and that references to property, obligations, and parties in said provisions shall be construed to refer to the property, obligations, and parties set forth in this deed of Trust. The undersigned Trustor requests that a copy of any Notice of Default and of any Notice of Sale hereunder be mailed to him at his address hereinbefore set forth. Signah ere of Trustor State of Califomia County of On before one personally appeared personally known to me (or provided to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to'the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ics), and that by his/her/their signatare(s) on the instrument the person(s), or the entity upon behalf of which the persons acted, executed the instrument. WITNESS my hand and official seal. Signature EXH]B7T K: Promissory Note and Deed of Trust Page 3 of 4 and RIDER TO SHORT FORM DEED OF TRUST AND ASSIGNMENT OF RENTS THIS RIDER is attached to and incorporated into that certain Short Form Deed of Trust Assignment of Rents dated as of between as Trustor, TRUSTORS SECURITY SERVICE, a California corporation, as Trustee, COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA, body, corporate and politic, as Beneficiary (the "Deed of Trust"). and the a public Trustor and Beneficiary are party to that certain Owner Participation Agreement dated as of , 1999 (the "Agreement"). Pursuant to Article [7] of the Agreement, Beneficiary has made a grant to Trustor in the principal sum of $ to be used to finance certain improvements to the property encumbered by this Deed of Trust (the "Grant"). As more particularly provided in Article [7] of the Agreement, the Grant is repayable to Beneficiary, with interest at the rate of six percent (6%) per annum, on certain conditions. This Deed of Trust is for the purpose of securing that conditional repayment obligation. "Trustor" EXHIBIT K: Promissory Note and Deed of Trust Page 4 of 4 EXHIBIT L: Estimate of Facade & Courtyard Improvement Costs FACADE COURTYARD IMPROVEMENTS EST. COST 1 Building @ $8,000 $8,000 7 Buildings @ $24,000 $168,000 40 Buildings @ $17,000 $680,000 Adjustments for Potential Wage Requirements $115,000 Contingency (20Zo $194,200 FACADE CONSTRUCTION TOTAL $1,165,200 28 Courtyards @ $24,000 $672,000 Adjustments for Potential Wage Requirements $100,000 Contingencyr p0%) $154,400 COURTYARD CONSTRUCTION TOTAL ICONSTRUCTION OF FAgADE & COURTYARD IMPROVEMENTS f 110% OF ESTIM. FOR FAPADE IMPROVEMENTS 10% OF EST1M, FOR COURTYARD IMPROVEMENTS EXHIBIT L: Page 1 of 1 tit • • 11 $2,091,600 $1,281,720 $1,019,040 IEXHIBIT M: Release of Lien RECORDING REQUESTED BY AND WHEN RECORDED RETURN TO: [Free Recording Requested Per Government Code Section 6103] RELEASE OF LIEN THIS RELEASE OF LIEN (the "Release") dated, for identification purposes only, as of , 200_, is made and entered into by and between the COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA, a public body, corporate and politic (the "Agency"), CITY OF SANTA ANA, a charter city and municipal corporation duly organized and existing under the Constitution and laws of the State of California (the "City"), and ("Owner"), pursuant to that certain Owner Participation Agreement dated as of , 200 , by and among the City, Agency and Owner (the "Agreement") regarding certain property located in the City of Santa Ana, County of Orange, State of California and more particularly described in Exhibit "A" attached hereto (the "Property"), that certain Promissory Note related to a Fagade and Courtyard Improvement Loan for the Property and that certain Deed of Trust recorded as The undersigned hereby certifies that the obligation to repay the Promissory Note, as secured by the Deed of Trust has been fully performed or forgivers in such a fashion that, under the terms of the Promissory Note and the Deed of Trust, the Deed of Trust should no longer be a lien against the Property. Therefore, the Deed of Trust is hereby released. COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA Date: , 200_ By: Its: EXHIBIT M: Page l of 2 Date: , 200 CITY OF SANTA ANA Lm Its: EXHIBIT M: Page 2 of 2 EXHIBIT N: Required Condition of Property to Receive Facade Improvements The following is a list of conditions that should be attained prior to installation of fagade improvements and painting structures under the Facade Improvement Plan. It is Owner's responsibility to make repairs required to achieve these standards prior to City and/or Agency making improvements. If owner does not make improvements as required, then City may delay constructing Improvements or proceed to construct Improvements despite condition of Property. EXTERIOR WALLS (STUCCO) Stucco shall be void of any moderate to severe damaged or deterioration including holes, cracks, and water damage and scaling material. 2. EXTERIOR DOORS & TRIM Exterior doors and trim shall be void of any moderate to severe damage or deterioration including holes, dry rot and termite damage. 3. RAFTERS, EAVES & FASCIA BOARD Rafters, eaves and fascia board shall be void of any moderate to severe damage or deterioration including holes, dry rot and termite damage. NOTE: Small holes, hairline cracks and other minor damage or deterioration are covered by the Facade Improvement Plan as "normal" prep work. Exhibit N: 1 of I EXHIBIT ®: Certificate of Insurance and Additional Insured Endorsement ADDITIONAL_ INSURED ENDORSEMENT Insurance Company This endorsement modifies such insurance as is afforded by the provisions of Policy # relating to the following; The City of Santa Ana, 20 Civic Center Plaza, Santa Ana, California 92702; it's officers, employees, agents and representatives are named as additional insureds ("additional insureds") with regard to liability and defense of suits arising from the operations and uses performed by or on behalf of the named insured. 2. With respect to claims arising out of the operations and uses performed by or on behalf of the named insured, such insurance as is afforded by this policy, is primary and is not additional to or contributing with any other insurance car-ried by or for the benefit of the additional insureds. 3. This insurance applies separately to each Insured against whom claim is made or suit is brought except with respect to the company's limits of liability. The inclusion of any person or organization as an insured shall not affect any right which such person or organization would have as a claimant if not so included. 4. With respect to the additional insured, this insurance shall not be cancelled. or materially reduced in coverage or limits except after thirty (30) clays written notice has been given to the City of Santa Ana, 20 Civic Center Plaza, Santa Ana, California, 92702. (Completion of the following, including countersignature, is required to make this endorsement effective.) Effective Policy # ssues to: Countersigned by Named Insured This endorsement form as a part of Exhibit O: 1 of 1 EXHIBIT P: Memorandum of Agreement RECORDING REQUESTED BY AND WHEN RECORDED RETURN TO: City of Santa Ana and the Community Redevelopment Agency of the City of Santa Ana 20 Civic Center Plaza P.O. Box 1988, M-37 Santa Ana, California 92702 Attn: I MEMORANDUM OF AGREEMENT [Free Recording Requested Per Government Code Section 6103] THIS MEMORANDUM OF AGREEMENT (the "Memorandum") dated, for identification purposes only, as of ; 2002, is made and entered into by and between the COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA, a public body, corporate and politic (the "Agency"), CITY OF SANTA ANA, a charter city and municipal corporation duly organized and existing under the Constitution and laws of the State of California (the "City"), and ("Owner"), pursuant to that certain Owner Participation Agreement dated as of 2002, by and among the City, Agency and Owner (the "Agreement") regarding certain property located in the City of Santa Ana, County of Orange, State of California and more particularly described in Exhibit "A" attached hereto (the "Property"). EXHIBIT P: Page 1 of 2 This Memorandum is prepared for the purpose of recordation and to give notice of the existence of the Agreement. The Agreement is a public record on file and available for public inspection during normal business hours in the office of the Secretary of the Agency, This Memorandum is not a complete summary of the Agreement. Provisions of this Memorandum shall not be used to interpret the provisions of the Agreement. In the event of a conflict between this Memorandum and the provisions of the Agreement, the. provisions of the Agreement shall control. "Agency" COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA Date; , 2002 By: Its: "City" CITY OF SANTA ANA Date: , 2002 By: Its: "Owner" [To be signed exactly as title is vested.] EXHIBIT P. Page 2 of 2 EXHIBIT Q: Release of Memorandum of Agreement RECORDING REQUESTED BY AND WHEN RECORDED RETURN TO: APN: [Free Recording Requested Per Government Code Section 6103] RELEASE OF MEMORANDUM OF AGREEMENT THIS RELEASE OF MEMORANDUM OF AGREEMENT (the "Release") dated, for identification purposes only, as of , 200, is made and entered into by and between the COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA, a public body, corporate and politic (the "Agency"), CITY OF SANTA ANA, a charter city and municipal corporation duly organized and existing under the Constitution and laws of the State of California (the "City"), and ("Owner"), pursuant to that certain Owner Participation Agreement dated as of , 200, by and among the City, Agency and Owner (the "Agreement") regarding certain property located in the City of Santa Ana, County of Orange, State of California and more particularly described in Exhibit "A" attached hereto (the "Property"). The undersigned hereby certifies that the Agreement as referenced in that certain Memorandum of Agreement recorded as (the "Memorandum") has been frilly performed or terminated in such a fashion that, under the terms of the Agreement, neither the Agreement nor the Memorandum should be of record against the Property. Therefore, the Memorandum is hereby released. COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA Date: , 200_ By: Its: EXHIBIT Q: Page 1 of 2 CITY OF SANTA ANA Date: , 200_ By: Its: EXHIBIT Q: Page 2 of 2 ]EXHIBIT R: Facade & Courtyard Improvement Contract FACADE AND COURTYARD IMPROVEMENT CONTRACT THIS CONTRACT, made and entered into this day of 20 by and between: hereinafter referred to as "CONTRACTOR" and: hereinafter referred to as "OWNER". WITNESSETH Recitals: A. OWNER desires to employ a general building contractor as defined in California Business and Professions Code § 7057 to perform certain work on property located at: (the "Property") B. CONTRACTOR represents that it is qualified to perform such work as desired by OWNER. C. OWNER is financing all or part of the cost of the work to be performed under this Contract with proceeds of a conditional loan to OWNER from the Community Redevelopment Agency of the City of Santa Ana ("Agency) made pursuant to the terms of that certain Owner Pan ticipation Agreement dated between the OWNER, the Agency and the City of Santa Ana ("City"). The Executive Director of the Agency, or his/her designee is the representative of the Agency. WHEREFORE, for and in consideration of the respective and mutual covenants and promises hereinafter contained and made, and subject to all the terms and conditions hereof, the parties hereto do hereby agree as follows: L THE WORK 1. SCOPE OF WORK CONTRACTOR agrees, at its sole cost and expense, to provide all supervision, technical personnel, labor, materials, machinery, tools, equipment, fixtures and services for the work required on the Property, in accordance with the attached bid and proposal, general conditions, work write - tips, specifications, and drawings, which documents are incorporated herein by reference as though fully set forth. CONTRACTOR shall perform all work in conformance with applicable laws and local requirements whether or not covered by the specifications and drawings for the work. Exhibit "R" 1 CONTRACTOR shall pay all sales, consumer, use and other similar taxes required by law, and shall procure and pay for all permits and licenses necessary for the execution and completion of the work and labor to be performed hereunder. 2. NOTICE TO PROCEED The work shall begin no later than twenty (20) calendar days from and after CONTRACTOR receives written notice to proceed from OWNER and the Agency. Failure by CONTRACTOR without lawfiul excuse to substantially begin work within twenty (20) days of the date of receipt of said written notice to proceed shall postpone the next succeeding payment to the CONTRACTOR for that period of time equivalent to the time between when work was to begin and when it did begin. OWNER and the Agency shall give said notice to proceed within forty-five (45) calendar days from and after the date of the signing of this Contract. If the written notice to proceed is not received by CONTRACTOR within said period, CONTRACTOR reserves the right to withdraw his bid and proposal. 3. TIME FOR COMPLETION All work shall be satisfactorily completed within after the date of when said work is commenced. calendar days from and 4. CLEANUP CONTRACTOR shall keep the premises clean and orderly during the course of the work and remove all debris at the completion of the work. Materials and equipment that have been removed and replaced as part of the work shall belong to CONTRACTOR. 5. CHARGES AND LIENS CONTRACTOR shall pay when due all valid charges for labor and material incurred by CONTRACTOR and used in the construction pursuant to this Contract and shall also be responsible for keeping the job free of mechanic's liens recorded by any of the persons enumerated in California Civil Code § 3110. If CONTRACTOR fails to make any payments required pursuant to this paragraph, or if CONTRACTOR fails to keep said real property free of mechanic's liens incurred by or under CONTRACTOR or its subcontractors, OWNER may settle said claims and CONTRACTOR shall notify OWNER and the Agency in writing when a legitimate dispute arises between CONTRACTOR and any and all persons enumerated in California Civil Code § 3110. In the event of such dispute, CONTRACTOR shall record a bond. pursuant to California Civil Code § -3143 releasing said real property from liens of any and all persons. If CONTRACTOR fails or is unable to obtain said bond, OWNER may obtain and record said bond and deduct the costs from any payment due CONTRACTOR. 6. CORRECTION AND DEFECTS CONTRACTOR shall correct any work that fails to conform to the requirements of this Contract or any documents pursuant thereto, where said failure to conform appears during the progress of the work. CONTRACTOR shall remedy any defects due to faulty materials, equipment or workmanship which appear within a period of one (1) year from the date of substantial completion of the work or within such longer period of time as may be prescribed by law or by the terms of any applicable special guarantee required by this Contract or any document pursuant thereto. Exhibit " RI, 2 7. GUARANTEE CONTRACTOR guarantees the work performed for a period of one (1) year from the date of final acceptance of all the work required by this Contract, unless the work required repair or construction of a roof, in which case CONTRACTOR guarantees the work for a period of five (5) years. Further, CONTRACTOR shall furnish the OWNER, all manufacturer's and supplier's written guarantees and warranties covering materials and equipment fiirnished under this Contract with a copy forwarded to the Agency. CONTRACTOR guarantees all materials to be as specified and all work to be completed in a workmanlike manner according to standard practice. Unless otherwise specified, all materials shall be new. CONTRACTOR shall leave the work in a finished condition as determined by acceptable building standards and to the satisfaction of the Agency. S. INSPECTIONS CONTRACTOR and OWNER shall permit the Agency's representatives to examine and inspect the work. In addition, OWNER shall have the right to inspect any work performed hereunder to ensure that the work is being and has been performed in accordance with. the applicable federal, state and/or local requirements and this Contract. CONTRACTOR agrees that all work found by such inspections not to conform to the applicable requirements to be corrected, and OWNER shall have the right to withhold payment to CONTRACTOR until it is so corrected. 9. UTILITIES AND COOPERATION While this Contract is in Rill force and effect, OWNER shall permit CONTRACTOR to use existing utilities such as light, heat, power and water to carry oiut and complete the work and shall cooperate with CONTRACTOR to facilitate the performance of coverings and furniture, if and to the extent necessary, 10. - OCCUPATION OF PREMISES The premises are to be OCCUPIED / VACANT during the course of the construction work. 11. CHANGE ORDERS Any changes or deviations from, specifications or terms of this Contract shall be effective only upon written consent of OWNER, CONTRACTOR and the Agency. All change orders will specifically describe the work and/or changes, the new contract price and time for completion. 12. NOTICE OF COMPLETION OWNER shall execute, acknowledge, and record in the manner provided by law, a notice of completion of work required by this Contract within fifteen (15) calendar days after final inspection and approval of said work as fiully completed by the Agency. II, COMPENSATION 13. CONTRACTOR'S FEE OWNER agrees to pay CONTRACTOR for the performance of all of CONTRACTOR'S covenants hereunder the completion of all of such work, the total sum of: $ payable in accordance with the Payment Schedule attached hereto as Exhibit A and incorporated herein by reference. Exhibit "R" 3 In accordance with the loan agreement between OWNER and the Agency, progress payments due CONTRACTOR shall be paid within. twenty (20) calendar days after the Agency receives CONTRACTOR'S invoice and satisfactory releases of liens or claims for liens by CONTRACTOR, subcontractors, laborers, and material suppliers for completed work or installed materials. Final payment of the remainder shall be made thirty-five (35) calendar days after final inspection and acceptance of all work to performed by CONTRACTOR and CONTRACTOR has furnished the Agency, for OWNER'S benefit, satisfactory releases of liens or claims for liens by CONTRACTOR, subcontractors, laborers, and material suppliers. Progress payments and/or final payment may be withheld on account of defective work not remedied, claims filed, failure of CONTRACTOR to make payments properly to subcontractors or for labor, materials, or equipment, damages by another contractor, or unsatisfactory prosecution of the work by CONTRACTOR, as determined by OWNER and the Agency. III. INDEMNIFICATION AND INSURANCE 14. INDEMNIFICATION CONTRACTOR shall indemnify and save harmless OWNER and the Agency, and their officers and employees, against any and all damages to property and injuries to or death of any person or persons, including employees or agents of the of Santa Ana, and shall defend, indemnify and save harmless OWNER and the Agency, their officers and employees, from any and all claims, demands, suits, actions or proceedings of any kind or nature, including, but not by way of limitation, worker's compensation claims of or by anyone whomsoever in any way resulting from or arising out of the operations in connection herewith, including operations of subcontractors and acts or omissions of employees or agents of CONTRACTOR or his subcontractors. 15. INSURANCE With respect to performance of work under this Contract, CONTRACTOR shall maintain and shall require its subcontractors, if any, to maintain insurance as described below: (1) Workers' compensation insurance with statutory limits, and employer's liability insurance with limits of not less than $500,000 per accident. (2) Commercial general liability insurance or equivalent form, with a combined single limit of not less than $300,000 per occurrence. Such insurance shall name OWNER and the Agency as additional insured. CONTRACTOR shall (a) furnish properly executed certificates of insurance to OWNER and the Agency prior to commencement of work under this Contract, which certificates shall clearly evidence all coverage required above and provide that such insurance shall not be materially changed or terminated except on 30 days' prior written notice to OWNER and the Agency; and (b) maintain such insurance from the time work first commences until completion of the work under this Contract and (c) replace such certificate for policies expiring prior to completion of work under this Contract. Exhibit "R" 4 IV. TERMINATION 16. OWNER'S POWER TO TERMINATE Should CONTRACTOR commit any of the acts specified in this paragraph, OWNER may, by giving ten (10) calendar days notice in writing thereof to CONTRACTOR, without prejudice to any other rights or remedies given OWNER by law or by this Contract, terminate the services of CONTRACTOR under this Contract, take possession of all materials and appliances located on said real property, and complete the work required by this Contract. CONTRACTOR shall be deemed to have committed an act specified in this paragraph if it shall: (a) Be adjudged a bankrupt; (b) Make a general assignment for the benefit of its creditors; (c) Refuse or fail to supply enough properly skilled workers or proper materials to complete the work required by this Contract within the time specified in this Contract; (d) Fail to make prompt payment to contractors, laborers, or material men for labor performed on or materials fiirnished to the work required by this Contract; (e) Persistently disregard any law or ordinance relating to the work required by this Contract or the completion thereof; or (1) Otherwise commit a substantial violation of any provision of this Contract. 17. RIGHTS ON TERMINATION BY OWNER Should OWNER terminate the services of CONTRACTOR under this Contract and complete the work pursuant to Paragraph 16 of this Contract, CONTRACTOR shall not be entitled to receive any further payment under this Contract until the work is fully completed. On completion of said work by OWNER, if the unpaid balance of the contract price exceeds the expenses incurred by OWNER in completing the work, including any compensation paid by OWNER for managerial, administrative, or supervisorial services in completing the work, such excess shall be promptly paid by OWNER to CONTRACTOR. If, however, on completion of the work by OWNER, the expenses incurred by OWNER in completing said work, including any compensation by OWNER for managerial, administrative, or supervisorial services in completing said work, exceed the unpaid balance of the contract price, such excess shall be promptly paid by CONTRACTOR to OWNER. 18. CONTRACTOR'S POWER TO TERMINATE CONTRACT Should OWNER fail to pay to CONTRACTOR within twenty (20) calendar days after such becomes due, any amount payable by OWNER, to CONTRACTOR pursuant to this Contract, CONTRACTOR may, by giving ten (10) calendar days written notice thereof to owner, terminate its services under this Contract, stop work on said real property, and sue all lawful means, including, without limitation, actions by Labor of Contractor's Associations induced by CONTRACTOR, to prevent further work from being done on said real property until all past due payments have been received by it and OWNER has posted a bond satisfactory to CONTRACTOR for the payment of all amounts that will thereafter become due to CONTRACTOR under this Contract. 19. LIQUIDATED DAMAGES CONTRACTOR and OWNER agree that it would either be impractical or extremely difficult to fix actual damages in the event CONTRACTOR fails to complete the described work within the time prescribed by this Contract. h-i connection therewith, CONTRACTOR agrees to pay OWNER liquidated damages for each calendar day beyond the date when completion is required by hereinabove in Paragraph 3, excluding extensions as stated in Paragraph 24, below, in the following Exhibit "R" 5 amount: forty dollars ($40.00) per calendar day. The amount of liquidated damages shall be deducted from the CONTRACTOR'S Retention Payment at project completion. If at any time the amount of liquidated damages exceed the amount of Retention Payment, there shall not be any payment to the CONTRACTOR until such time that the amount of payment due the CONTRACTOR exceeds the amount of liquidated damages. V. GENERAL 20. ASSIGNMENTS CONTRACTOR shall not assign any rights under this Contract except upon prior written authorization of OWNER and the Agency. Any request for assignment must be addressed to the Agency and written consent of the Agency must be obtained prior to CONTRACTOR obtaining written consent of OWNER. CONTRACTOR shall not delegate any authority or responsibility that would in any way purport to relieve him of any obligation imposed by this Contract. 21. NONDISCRIMINATION EQUAL OPPORTUNITY AND FAIR HOUSING During the performance of this Contract CONTRACTOR agrees to comply with the provisions of Exhibit B of this Contract, pertaining to nondiscrimination, equal opportunity and fair housing and employment. 22. CONFLICT OF INTEREST No person who is an employee, agent, consultant, officer or elected official or appointed official of the Agency, who exercises or has exercised any fiinctions or responsibilities with respect to activities assisted. with HOME funds or who are in a position to participate in a decision making process or gain inside information with regard to these activities, may obtain a financial interest or benefit from this Contract, or have an interest in any subcontract or contract with respect hereto, either for themselves or those with whom they have family or business ties, during their temire or for one year thereafter. 23. RESERVED 24. UNAVOIDABLE DELAYS AND DEFAULTS The time of completion of this Contract shall be extended by the number of calendar days which CONTRACTOR is prevented fiom performing work as a result of: inclement weather, acts of OWNER or the Agency not contemplated by this Contract, the unavailability of workers or materials due to strifes, accident, acts of God, fire, unusual delays in transportation, unavoidable casualties, causes beyond CONTRACTOR'S control, or any cause that the Agency may determine justifies the delay. The CONTRACTOR shall not be entitled to an extension in the number of calendar days for completion, luiless, within five (5) days from the beginning of such delay, he notifies the OWNER and the Agency in writing of the causes of the delay, which causes must be acceptable to the Agency. 25. PERFORMANCE AND PAYMENT BOND By signing this Contract, OWNER waives any right he may have to a performance and payment bond in regard to the work performed in accordance with this Contract. Exhibit "R" 6 26. ARBITRATION CLAUSE All claims or disputes between the OWNER and CONTRACTOR arising out of or related to the work shall be decided by arbitration in accordance with the construction industry arbitration rules of the American Arbitration Association, unless the parties mutually agree otherwise. Initial arbitration fees will be paid in equal shares by the OWNER and CONTRACTOR, unless otherwise agreed to by the parties. The OWNER and CONTRACTOR shall submit all disputes or claims, regardless of the extent of the work's progress, to unless the parties mutually agree otherwise. Notice of demand for arbitration shall be tiled in writing with the other party to this Contract, and shall be made within a reasonable time after the dispute has arisen. The award rendered by the arbitrator shall be final, and judgment may be entered upon it in accordance with applicable Iaw in any court having jurisdiction thereof. If the arbitrator's award is in a sum which is less than that which is offered in settlement by the CONTRACTOR, the arbitrator may award costs and arbitration related attorney's fees in favor of the CONTRACTOR. If the award of the arbitrator is in a stun greater than that which was offered in settlement by the OWNER, the arbitrator may award costs and arbitration -related attorney's fees in favor of the OWNER. 27. ATTORNEY'S FEES Should any litigation be commenced between the parties to this Contract concerning the work which is the subject of this Contract any provision of this Contract, or the rights and obligations of either in relation thereto, the party prevailing in the litigation shall be entitled, in addition to such other relief as may be granted, to a reasonable sum as and for the partys attorneys fees in the litigation. 28. TIME OF ESSENCE The limits stated in this Contract are of the essence of this Contract. 29. GENDER AND NUMBER As used herein, the masculine shall include the feminine and masculine, and the singular shall include the plural. 30. EXCLUSIVITY OF CONTRACT This Contract supersedes any and all other agreements, either oral or in writing, between the parties hereto with respect to employment of CONTRACTOR by OWNER, and contains all the covenants and conditions between the parties with respect to employment of CONTRACTOR by OWNER, and contains all the covenants and conditions .between the parties with respect to such employment in any manner whatsoever. Each party to this Contract, acknowledges that no representations, inducements, promises, or agreement, orally or otherwise, have been made by any party, or anyone acting on behalf of any party, which are not embodied herein, and that any other agreement or amendment to this Contract shall be effective only if executed in writing and signed by OWNER and CONTRACTOR and approved by the Agency. Exhibit "R" 7 IN WITNESS WHEREOF, the parties hereto have executed this Contract on the date and year first above written. OWNER CONTRACTOR (signature of authorized person) CONTRACTOR (company name) CONTRACTOR Address State Contractor License Number Exhibit "R" 8 EXHIBIT SeAssignment & Assumption Agreement ASSIGNMENT & ASSUMPTION AGREEMENT THIS AGREEMENT is made day of ("Seller") and reference to the following. RECITALS: 20_ by and between _("Buyer") with A. Seller is presently the owner of that certain property more particularly described in Exhibit "A" to this Agreement, incorporated herein as if set forth in full (the "Property"). B. The Property is subject to that certain Owner Participation Agreement, dated between the Seller [ or SelIer's predecessor -in -interest] -with the City of Santa Ana and the Community Redevelopment Agency of the City of Santa Ana related to improvements to be made to the Property, the neighborhood surrounding the Property, including public property (the "OPA"). A Memorandmil of Agreement of the OPA is recorded as C. Seller and Buyer have entered into a real property sales agreement under which Buyer proposes to acquire the Property from the Seller. Under its terms, the OPA runs with the land, and any purchaser of the Property must acquire it subject to the terms of the OPA. The OPA also requires this document to be executed by Seller and Buyer so as to release Seller from the OPA. THE PARTIES HEREBY AGREE AS FOLLOWS: 1. Seller hereby transfers and assigns to Buyer all of its right, title and. interest in and to the OPA. 2. Buyer hereby accepts and assumes the rights and obligations of Seller under the OPA, and hereby releases Seller from any and all liability on or under the OPA from and after the effective date of transfer of title to the Property from Seller to Buyer. Dated: Dated: Seller Buyer 10.9 Termination of Owner's Responsibility. Each Owner shall be released from personal responsibility for any term or condition of this Declaration from and after the date such Owner transfers its ownership of a Parcel subject to this Declaration, except that such Owner shall remain responsible for any liability incurred hereunder prior to the date of such transfer. 10.10 Counterparts. This Declaration may be executed in several counterparts, each of which shall be deemed an original, and all such counterparts shall constitute one and the same instrnunent. 10.11 Severability. If any provision of this Declaration or portion thereof, or the application to any person or circumstances, shall to any extent be held invalid, inoperative or unenforceable, the remainder of this Declaration, or the application of such provision or portion thereof to any other persons or circumstances, shall not be affected thereby; it shall not be deemed that any such invalid provision affects the consideration for this Declaration; and each provision of this Declaration shall be valid and enforceable to the fullest extent permitted by law. IN WITNESS WHEREOF, the Owners have caused this Declaration of Covenants, Conditions and Restrictions to be executed as of the date and year first above written. Date: OWNERS: [To be signed exactly as title is vested.] EXHiBiT E. Page 24 of 24 EXHIBIT A LEGAL DESCRIPTION OF PROPERTY SUBJECT TO DECLARATION (To be done for each property. Example of format shown below.) Street Address: 805, 810, 815, 816, 825, 828, 835, 904 Minnie St. Legal Property Description: LOTS I THROUGH 13 INCLUSIVE OF TRACT NO. 3547, IN THE CITY OF SANTA ANA, COUNTY OF ORANGE, STATE OF CALIFORNIA, AS SHOWN ON A MAP RECORDED IN BOOK 138, PAGES 32 AND 33 OF MISCELLANEOUS MAPS, RECORDS OF ORANGE COUNTY, CALIFORNIA 11/15/02 Exhibit A EXHIBIT B; MAP OF COMMON IMPROVEMENT AREAS MAP IS PASTED IN. KEY imCOMMON IMPROVEMENT AREAS BUILDING OTHER. 11/15/02 Exhibit B EXHIBIT C LEGAL DESCRIPTION OF ANNEXATION PARCELS STREET ADDRESSES: 923, 927, 931, 935, 939, 1001, 1005, 1009, 1013, 1017, 1021, 1025, 1029, 1101, 1105, 1109, 1113, 1117, 1121, 1125 SOUTH STANDARD AVENUE. Property Description: LOTS 1 THROUGH 20, INCLUSIVE AND 38 AND 39 OF TRACT NO. 3547, AND LOTS 21 THROUGH 30 INCLUSIVE OF TRACT NO. 3293, IN THE CITY OF SANTA ANA, COUNTY OF ORANGE, STATE OF CALIFORNIA, AS SHOWN ON A MAP RECORDED IN BOOK 138, PAGES 32 AND 33 OF MISCELLANEOUS MAPS, RECORDS OF ORANGE COUNTY, CALIFORNIA 505444.3Vgoctz122281.0009 11/15/02 Exhibit C EXHIBIT F: Certificate of Compliance RECORDING REQUESTED BY ) AND WHEN RECORDED MAIL TO: ) City of Santa Ana, Housing Division ) Attn: } } This document exempt from recording fee per Government Code § 27383. This is to certify that the premises in the City of Santa Ana described below has been inspected and that it has been found to be in compliance with respect to the Property Inspection/Compliance Program described in the Cornerstone Village Owner Participation Agreement with respect to the Cornerstone Village project. Street Address: Assessor's Parcel Number (APN): Legal Description of Parcel: NAME OF OWNER: MAILING ADDRESS: CITY/STATE/ZIP: 1 Exhibit F: The issuance of this Certificate of Compliance shall not be deemed or construed to authorize occupancy or any violation of any ordinance, law or statute. Housing Manager or Designee Date COMMENTS 2 Exhibit F: EXHIBIT G: Description of Facade & Courtyard Improvements General Provision: All work by Agency/City shall be in compliance with Exhibit H. Development of Fagade and Courtyard Improvement Plans: 1. Provision of architectural designs and construction drawings for buildings by architectural consultant retained by the City. 2. Selection of a range of paint colors by architectural consultant retained by the City: Type of Facade Improvements (Exact plan to be determined by designs): 1. All exteriors of buildings to be painted; (Elastomeric paint with water -blasting, patch & repair minor existing cracks & holes only). 2. Facade details to be applied to front facade of building as determined by architectural designs may include: • Columns, • Awnings, • Fagade extensions, • New "wood" siding (per design) • Building appliques, 3. Relocation or resizing of windows as determined by architectural design in front fagade only. Work to included new window siding, interior and exterior wall patching, & new window. 4. Courtyard entrance created with a combination of the following elements as determined by architectural design: • Steps, • Canopies, wood or metal, • Fences, • Electrical fixtures in canopies columns. • Entry gates, • Paved areas, • Masonry walls, 4. Demolition of existing walls., walks, fencing, etc, as needed 5. Enclosure in conduit of phone and other wires attached to outside of buildings. Items not included in plans • Replacement. of fascia boards in • Handrails, guardrails, and stairs excess of 10 linear feet. • Major repairs to stucco siding. • Balcony decking • Replacement of windows • Exterior doors (except for painting) and hardware • Roofing Exhibit G: 1 of 2 Type of Courtyard Improvements (Exact plan to be determined by design): Improvements will vary per building based upon existing conditions as well as tenant and property owner input, The following are a few elements that might be included: 1. Resurface portions of courtyard with stamped concrete or other decorative treatments. 2. Add landscape elements such as trees or shrubs. 3. Construct amenities such as seating or play areas, if desired by owner and tenants. 4. Introduce community participation elements such as "tiles" drawn by children. 5. Add lighting elements as needed. 6. Improve drainage when feasible or necessary. Exhibit G: 2 of 2 EXHIBIT H: Property Standards Cornerstone Village Standard Conditions & Materials GENERAL REQUIREMENTS • All dwelling units shall comply with the Federal Department of Housing and Urban Development Housing Quality Standards and all applicable standards and regulations adopted by the City of Santa Ana. Should any discrepancy occur between the various codes, standards and regulations, the more stringent requirement shall apply. • All newly installed material shall conform to applicable codes, standards, regulations and ordinances adopted by the City of Santa Ana and the Cornerstone Village Standard Conditions and Materials. Should any discrepancy occur between the various codes, standards and regulations, the more stringent requirement shall apply. • Owner or owner's agent shall obtain all required permits and pay all required fees, • All material shall be constriction grade or better. • The appearance and durable utility of the work performed shall conform to acceptable construction trade and industry standards. ASPHALT PAVING A. Asphalt paving shall be void of holes, large cracks, severe surface deterioration, lifting or settling. B. In addition, new asphalt paving shall comply with all applicable codes, standards and requirements adopted by the City of Santa Ana. CONCRETE PAVING AND WALKS A. Concrete paving shall be void of holes, large cracks, severe deterioration, lifting or settling. B. In addition, new concrete paving shall comply with all applicable codes, standards and requirements adopted by the City of Santa Ana. EXTERIOR STAIRS AND RAILINGS A. Exterior stairs and railings shall be properly supported and structurally sound. They shall be void of any hazardous deterioration and/or damage. Exposed iron surfaces shall be weather protected (primed and painted). Exterior stairways shall be properly lighted. B. In addition, new stairs and railing shall comply with applicable codes, standards and requirements adopted by the City of Santa Ana, EXHIBIT H: Page 1 of 8 EXTERIOR DECKS AND LANDINGS A. Exterior decks and landings shall be properly supported and structurally sound. They shall be void of any hazardous deterioration and/or damage. Exposed surfaces shall be weather protected. Decks and landings shall be properly lighted. B. In addition, new decks and landings shall comply with applicable codes, standards and requirements adopted by the City of Santa Ana. WROUGHT IRON FENCING AND GATES A. Wrought iron fencing and gates shall be properly supported and structurally sound. They shall be void of any deterioration or damage that is hazardous. Gates shall operate smoothly and be void of missing or damaged hardware. Exposed iron surfaces shall be weather protected (primed and painted). B. In addition, new wrought iron fencing and gates shall comply with applicable codes, standards and requirements adopted by the City of Santa Ana. LANDSCAPING A. Landscaped areas shall be properly maintained and irrigated. Trees and shrubs shall be properly trimmed and shaped. Landscaped areas shall be free of weeds, debris and garbage. B. In addition, the Cornerstone Village Owner's Association shall approve new landscaping. ROOFING A. Roofing shall be properly supported, structurally sound and void of any deterioration or damage that is hazardous. Roofing shall have a remaining life of five years. B. In addition, new roofing shall comply with the following standards: (1) Roofing may be applied over existing roof only if: (1) roof is "solid" and (2) applying over the existing roof meets City Codes. (2) Any loose materials shall be cleaned before applying a new roof.. (3) 30 year warranty composition shingles. (4) %z inch CDX plywood sheathing (or approved equal). (5) Building overhangs and extensions shall be roofed with the same material as the main roof with the exception of flat roofs over laundry and other service areas. These may be of a different material, as long as it complies with City Code, if all of the other roofs of the building(s) are sloped. (6) Deteriorated metal jacks and flashing shall be replaced. EXHIBIT H: Page 2 of 8 EXTERIOR WALLS AND SIDING A. Exterior walls and siding shall be properly supported and structurally sound. They shall be void of holes, large cracks and any other hazardous deterioration and/or damage. Exposed surfaces shall be weather protected (painted). B. In addition, new walls and siding shall comply with applicable codes, standards and requirements adopted by the City of Santa Ana. EXTERIOR DOORS A. Exterior doors shall operate smoothly and be void of holes, severe deterioration and damage. Exterior doors shall be void of any damaged or missing hardware. Exposed surfaces shall be weather protected (primed and painted). B. In addition, new exterior doors shall comply with the following standards; (1) Solid core construction (exterior grade), (2) Completely weather-stripped and installed with an aluminum threshold. (3) Standard duty lock -set (5 pin tumbler / %2" throw), (4) Standard duty dead -bolt (5 pin tumbler / 1" throw (keyed outside and thumb turn inside). WINDOWS A. All windows shall operate smoothly and be equipped with venting screens. Windows shall also be void of cracked or broken glass and any damaged or missing hardware. ,Screens shall not be torn or otherwise damaged. B. In addition, new windows shall comply with the following standards: (1) Aluminum frame with baked enamel finish, (2) Single glazing (or dual if required), locking hardware and fiberglass venting screens. EXTERIOR LIGHT FIXTURES A. Exterior light fixtures shall operate properly and be void of missing globes. B. In addition, new exterior lighting shall comply with applicable codes, standards and . requirements adopted by the City of Santa Ana. INTERIOR WALLS AND CEILINGS A. Interior walls and ceilings shall be properly supported and structurally sound. interior walls and ceilings shall be void of holes, large cracks and any hazardous deterioration and/or damage. Interior walls and ceilings shall be sanitary and void of mold and fungus. Exposed surfaces shall be protected from moisture and wear (painted). EXHIBIT H: Page 3 of 8 B. In addition, new walls and ceilings shall comply with applicable codes, standards and requirements adopted by the City of Santa Ana. INTERIOR FLOORS A. Interior floors shall be properly supported and structurally sound. They shall be void of holes, large cracks and any hazardous deterioration and/or damage. B. In addition, new floors shall comply with applicable codes, standards and requirements adopted by the City of Santa Ana. FLOOR COVERING A. Floor covering shall be void of any hazardous deterioration and/or damage. Floor coverings shall be sanitary and void of mold and Ringus. B. In addition, new floor covering shall comply with the following standards: (1) Medium duty carpet and 1/2" pad. (2) Medium duty sheet vinyl, vinyl tiles or ceramic floor tiles. (3) Proper preparation of the sub -floor. INTERIOR DOORS A. Interior doors s shall operate smoothly and be void of missing and/or damaged hardware. They shall be void of holes and any hazardous deterioration and/or damage. B. In addition, new doors shall comply with applicable codes, standards and requirements adopted by the City of Santa Ana. ELECTRICAL SWITCHES AND OUTLETS A. EIectrical switches and outlets shall be operable and void of missing and/or damaged cover plates. Outlets shall be GFCI protected if located within 6 feet of a sink or any other open source of water. If existing wiring in building does not provide for ground wires, than any new GFCI outlet shall be identified "non -grounded". (City shall supply Association one time with appropriate stickers.) B. In addition, new electrical switches and outlets shall comply with applicable codes, standards and requirements adopted by the City of Santa Ana. LIGHT FIXTURES A. Light fixtures shall be operable and void of missing and/or damaged globes. EXHIBIT H: Page 4 of 8 B. In addition, new light futures shall comply with applicable codes, standards and requirements adopted by the City of Santa Ana. WATER HEATERS A. Water heaters shall be operable. They shall be properly strapped and be equipped with a pressure relief valve and pipe extension. B. In addition, new water heaters shall be energy efficient and carry a minimum warranty of 8 years. They shall comply with applicable codes, standards and requirements adopted by the City of Santa Ana. WALL HEATERS A. Wall heaters shall be operable and void of any hazardous deterioration and/or damage. B. In addition, new wall heaters shall comply with applicable codes, standards and requirements adopted by the City of Santa Ana. SMOKE DETECTORS A. Smoke detectors shall be operable and located in all bedrooms and the corridors that provide access to the bedrooms. They shall be routinely inspected and maintained. CABINETS A. Cabinets shall be structurally sound and properly secured. They shall be void of missing and/or damaged doors, drawers and hardware. B. In addition, new cabinets shall comply with the following standards: (1) Solid hardwood face frame, doorframes and drawers fronts. (As new materials become available, substitutions of equal quality may by made only with the approval of the City and the Association.) (2) Steel guides and ball bearings. (3) Self -closing hinges. (4) Metal door and drawer pulls. COUNTER TOPS A. Counter tops shall be structurally sound and properly secured. They shall be void of any hazardous deterioration and/or damage. B. In addition, new counter tops shall comply with the following standards: (1) Durable wood composite constriction. (2) Durable plastic laminated finish. EXHIBIT H: Page 5 of 8 (3) Integral back -splash and drip edge. KITCHEN AND BATH SINKS A. Sinks shall be sanitary and void of severe chips and deterioration. B. In addition, new sinks shall comply with the following standards: (1) Formed steel body. (2) Porcelain enamel finish or stainless steel. (3) Self -rimming edge. KITCHEN AND BATH FAUCETS A. Faucets shall be operable and void of leaks and severe deterioration. B. In addition, new faucets shall comply with the following standards: (1) Solid brass construction. (2) Polished chrome finish. (3) Water and energy saving model. DRAIN LINES A. Drain lines shall be clear of obstructions and void of leaks. Traps shall be properly installed where required. B. In addition, new drain lines shall comply with applicable codes, standards and requirements adopted by the City of Santa Ana. GARBAGE DISPOSALS A. If existing, garbage disposals shall be operable and void of leaks. B. In addition, new garbage disposals shall comply with the following standards: (1) Medium duty 1/3 HP motor. (2) New garbage disposals shall comply with applicable codes, standards and requirements adopted by the City of Santa Ana. OVENS, COOK -TOPS AND COMBINATION RANGES A. Ovens, cook -tops and ranges shall be operable and void of gas leaks. They shall be void of missing control knobs and inoperable thermostats. They shall be sanitary and void of any hazardous deterioration and/or damage. B. In addition, new ovens, cook -tops and ranges shall comply with the following standards: (1) Electronic (non -pilot) ignition (if dedicated outlet exists) EXHIBIT H: Page 6 of 8 (2) Energy efficient model. (3) New ovens, cook -tops and ranges shall comply with applicable codes, standards and requirements adopted by the City of Santa Ana RANGE HOODS A. Range hoods shall be operable and properly vented. They shall be void of missing control knobs and filter screens. They shall be sanitary and void of any hazardous deterioration and/or damage. B. In addition, new range hoods shall comply with the following standards: (1) 360-CFM variable speed fan. (2) Single or double work light. (3) Removable grease filter. (4) New range hoods shall comply with applicable codes, standards and requirements adopted by the City of Santa Ana. EXHAUST FANS A. Exhaust fans shall be operable and properly vented. They shall be sanitary and void of any hazardous deterioration and/or damage. B. In addition, new range hoods shall comply with applicable codes, standards and requirements adopted by the City of Santa Ana. WATER CLOSETS A. Water closets shall be operable and void of any leaks and/or cracks. They shall be sanitary and void of any hazardous deterioration and/or damage. They shall be void of damaged and/or missing toilet seats. B. In addition, new water closets shall comply with the following standards: (1) Vitreous china tank and standard bowl. (2) Water saving model. (3) New water closets shall comply with applicable codes, standards and requirements adopted by the City of Santa Ana. SHOWER STALLS A. Shower stalls shall be void of any leaks and/or cracks. They shall be sanitary and void of any hazardous deterioration and/or damage. B. In addition, new shower stalls shall comply with the following standards: (1) Better duality fiberglass body. (2) Integral soap dish and grab bar. EXHIBIT H: Page 7 of 8 (3) New shower stalls shall comply with applicable codes, standards and requirements adopted by the City of Santa Ana. TUBS A. Tubs shall be void of any leaks and/or cracks. They shall be sanitary and void of any hazardous deterioration and/or damage. B. In addition, new hubs shall comply with the following standards: (1) Formed steel body with porcelain enamel finish or fiberglass construction. (2) New tubs shall comply with applicable codes, standards and requirements adopted by the City of Santa Ana. TUB AND SHOWER DOORS A. Tub and shower doors shall operate smoothly. They shall be sanitary and void of any hazardous deterioration and/or damage. Glazing shall be tempered or an approved equal. B. In addition, new tub and shower doors shall comply with applicable. codes, standards and requirements adopted by the City of Santa Ana. BATH TOWEL BARS AND TOILET PAPER HOLDERS A. Bath towel bars and toilet paper holders shall be properly secured. Missing and/or damaged equipment shall be replaced. INFESTATION A. All units shall be void of termite, roach, vertnin and rodent infestation. FIRE EXTINGUISHERS A. Fire extinguishers shall be operable and fully charged. They shall be properly maintained and inspected on a regular basis. EXHIBIT H: Page 8 of 8 EXHIBIT I: Income Certification Form For Cornerstone Villa e, City Of Santa Ana Apartment Address Apartment # Date MEMBERS OF HOUSEHOLD Head of Household (Select one of tenants if multiple tenants) (1) Date of Birth Relationship to. `tenant #1 (1) Social Security # (If available) income .(2) (Indlcate WKIMONR) :Source- Income Verification (3) 1. SAME' Names of All other Occupants in Household (Include all children)) 2. 3. 4. 5. Maximum for 1 bedroom apartment} 6. 7. (Maximum for 2 bedroom apartment) Only tenants in residence before 112000 Income Qualification Summary for City of Santa Ana Household Size (Total number of persons living in apartment) Monthly Rent: Maximum Rent Allowed (Maximum rent from Chart provided by Association based on family size Number of Bedrooms in Apartment (Circle One) ONE TWO THREE Household Income (Total income of all persons living in apartment) (Sum of Incomes listed above. All income of all occupants must be included. See OPA Exhibit H for instructions on how to calculate.) Maximum Housing Income for Household Size (Use 80% of Medium Household Income for Household Size from most recent Chart provided to Association by City of Santa Ana) Exbibit 1: 1 of 11 Page 2: Income Certification Form For Cornerstone Village, City 4f Santa Ana Tenant Signatures EMPLOYER INFORMATION # Tenant Signature Certifies Employer Name Address Phone # Name of Contact Information provided is accurate. Providing Data Not required for children under 18 s g 2 3 4 5 6 7 Use these spaces or Supplemental Form attached for additional employers. Instructions for Completing Page I information. (1) For reporting purposes, we need to have one person designated as head of household. If apartment is rented to un-related individuals or more than one family, select one tenant's name and indicate relationship to that tenant for all other occupants. (2) All income to be counted. Follow instructions from calculation guide in Exhibit H to ensure you have included all required income. (3) For Income Verification indicate indicate one of the following: (a) obtained a pay stub for the most recent pay period, (b) obtained an income tax return for the most recent tax year, (c) conducted a TRW credit or similar search, (d) obtained income verification from the applicant's or tenant's current employer, (e) obtained an income verification form from the Social Security Administration and/or the California Department of Social Services if the applicant receives assistance from either of such agencies, or (f) if the applicant is unemployed and/or has no such tax return, obtained another form of independent verification of income and/or assets noted below. If (f), indicate source of verification here: I do hereby certify that the information provided above is accurate and in conformance with the Cornerstone Village Owners Participation Agreement. Owner's (Or Owner's Designee's) Signature Exhibit Z: 2 of 11 Date Signed SUPPLEMENTAL FORM TO RECORD MULTIPLE EMPLOYERS Tenant Name (from EMPLOYER INFORMATION Above Provide. Name from Previous Employer Name Address Phone # Name of Contact Pate) Providing Data . Exhibit I: 3 of 1 I INCOME COMPUTATIONXERTIFICATION INSTRUCTIONS FOR CORNERSTONE VILLAGE PROPERTY OWNERS Introduction: NOTE TO CORNERSTONE VILLAGE APARTMENT OWNER: This form is designed to assist you in computing Annual Income in accordance with the method set forth in the Department of Housing and Urban Project (HUD) Regulations (24 CFR 813). If requirements change, City of Santa Ana will provide the Cornerstone Village Association with updated instructions. It will be the responsibility of the Association to distribute this update to Owners and the responsibility of Owners to utilize the most recent form of computation. The proceeding income certification form must be filled out entirely by Cornerstone Village apartment Owner for each apartment unit according to the following instructions. This guide is provided to make sure all income is included for each individual over the age of 18 years in each household. Methods used to verify applicants) income: Owner shall make a good faith effort to verify income of each individual over the age .of 18 years in each household by taking one or more of the following steps as part of the verification process: (a) obtain a pay stub for the most recent pay period, (b) obtain an income tax return for the most recent tax year, (c) conduct a TRW credit or similar search, (d) obtain income verification from the applicant's or tenant's current employer, (e) obtain an income verification form from the Social Security Administration and/or the California Department of Social Services if the applicant receives assistance from either of such agencies, or (f) if the applicant is unemployed and/or has no such tax return, obtain another form of independent verification of income and/or assets, Tenant Relationship to Owner: If any occupant of the unit is the owner of the rental housing project in which the unit is located or has any family relationship to the Owner; or owns directly or indirectly any interest in the property, this must be reported to the City of Santa Ana Housing Manager. (For these purposes, indirect ownership by an individual shall mean ownership by a family member, ownership by a corporation, partnership, estate or trust in proportion to the ownership or beneficial interest in such corporation, partnership, estate or trustee held by the individual or a family member; and ownership, direct or indirect, by a partner of the individual.) Income Computation Instructions Income information to be provided on the proceeding Cornerstone Village Income Certification Form shall include the total anticipated income for all persons over the age „of 18 years for the 12 month period beginning on the date that tenants move into the unit. The following information should be used to compute the income of each person over 18 years old living in each apartment unit. Exhibit I: 4 of 11 1. Income to be included as anticipated income for reporting purposes: (a) all wages and salaries, overtime pay, commissions, fees, tips and bonuses and either compensation for personal services, before payroll deductions; (b) the net income from the operation of a business or profession or from the rental personal property (without deducting expenditures for business of expansion , amortization of capital indebtedness or any allowance for depreciation of capital assets. (c) interest and dividends (including income from assets excluded below) (d) the full amount of periodic payments received from social security, annuities, insurance policies, retirement funds, pensions, disability or death.. benefits and other types .of periodic receipts, including any lump sum payment for the delayed start of a periodic payment, (e) Payments in lieu of earnings, such as unemployment and disability compensation, workmen's compensation and severance pay; (f) the maximum amount of public assistance available to the above persons other than the amount of any assistance specifically designated for shelter and utilities; (g) periodic and determinable allowances, such as alimony and child support payments and regular contributions and gifts received from persons not residing in the dwelling; (h) all regular pay, special pay and allowances of a member of the Armed Farces (whether or not living in the dwelling) who is the head of the household or spouse; and (i) any earned income tax credit to the extent that it exceeds income tax liability. 2. Items to be excluded from anticipated income are: (a) casual, sporadic or irregular gifts; (b) amounts which are specifically for or in reimbursement of medical expenses; (c) lump sum additions to family assets, such as inheritances, insurance payments (including payments under health and accident insurance and workmen's compensation), capital gains and settlement for personal or property losses; (d) amounts of educational scholarships paid directly to the student or the educational institution, and amounts paid by the government to a veteran for use in meeting the costs of tuition, fees, books and equipment. Any amounts of such scholarships or payments to veterans not used for the above purposes are to be included in income; (e) special pay to a household member who is away from home and exposed to hostile fire; (f) relocation payments under Title 11 of the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1 970; (g) foster child care payments; Exhibit I: 5 of 11 (h) the value of coupon allotments for the purchase of food pursuant to the Food Stamp Act of 1977; (i) payments to volunteers under the Domestic Volunteer Service Act of 1973; (j) payments received under the Alaska Native Claims Settlement Act; (k) income derived from certain sub -marginal land of the United States that is held in trust for certain Indian tribes; (1) payments or allowances made under the Department of Health and Human Services' Low -Income Home Energy Assistance Program;. (m) payments received from the Job Training Partnership Act; (n) income derived from the disposition of funds of the Grand River Band of Ottawa Indians; and (o) the first $2,000.00 of per capita shares received from judgment funds awarded by -the Indian Claims Commission or the Court of Claims. 3. Additional Income to be included. (Follow instructions to determine amount.) Do any of the persons whose income or contributions that are included as part of the income calculations from above: (a) have savings, stocks, bonds, equity in real property or other form of capital investment (excluding the values of necessary items of personal property such as furniture and automobiles and interests in Indian trust land); _Yes —No or (b) disposed of any assets (other than at a foreclosure or bankruptcy sale) during the last two years at less than fair market value? _Yes No (c) If the answer to (a) or (b) above is yes, does the combined total value of all such assets owned or disposed of by all such persons (include total for all persons over 18 years old in the household) total more than $5,000 Yes No (d) If the answer to (c) above is yes, then the highest amount derived from the following calculations must be added to the income being reported. Calculation method #1: (1) Take the amount of income expected to be derived from such assets in the 12 month period beginning on the date of initial occupancy in the unit that you propose to rent. (2) Subtract from this number, the amount of such income, if any, that is being included from item 1 (Income to be included as anticipated income for reporting purposes) above. Calculation method #2 (1) Multiply the amount of income expected to be derived from such assets in the 12 month period beginning on the date of initial occupancy in the unit that you propose to rent by the current passbook savings rate to determine what the total annual earnings on that amount Exhibit I: 6 of 11 would be if invested in a passbook savings account. (2) Subtract from this number, the amount of such income, if any, that is being included from item 1 (Income to be included as anticipated income for reporting purposes) above: 4. Student Status. (a) Are all of the individuals who propose to reside in the unit full-time students*? Yes No *A full-time student is an individual enrolled as a full-time student during each of 5 calendar months during the calendar year in which occupancy of the unit begins at an educational organization which normally maintains a regular faculty and -curriculum and normally has a regularly enrolled body of students in attendance and is not an individual pursuing a fulltime course of institutional or farm training under the supervision of an accredited agent of such an educational organization or of a state or political subdivision thereof. (b) If the answer to 3(a) is yes, is at least 1 of the proposed occupants of the unit a husband and wife entitled to file a joint federal income tax return Yes No 5. Income Verification Forms The following forms are provided to assist you in verifying tenants incomes. You are not required to use these however, these forms will assist you to ensure that the information that you provide to the City of Santa Ana will be as accurate as possible. Exhibit I: 7 of 11 INCOME VERIFICATION (for employed persons) The undersigned employee has applied for a rental unit located in a project with improvements financed by the City of Santa Ana for persons of low income. Please indicate below the employee's current annual income from wages, overtime, bonuses, commissions or any other form of compensation received on a regular basis. Annual wages $ Overtime $ Bonuses $ Commissions $ Total current income $ I hereby certify that the statements above are true and complete to the best of my knowledge. Date: Signature: Title: I hereby grant you permission to disclose my income to in order that they may determine my income eligibility for rental of an apartment located in their project which has benefited from improvements financed by the City of Santa Ana. Date: Please send form to: Exhibit t: 8 - of l I INCOME VERIFICATION (for Social Security recipients) TO: SOCIAL SECURITY ADMINISTRATION Ladies and Gentlemen: I have applied for a rental unit located in a project with improvements financed by the City of Santa Ana for persons of low income. I hereby give my consent to release to the Specific information is requested below. Date: Social Security No.: Address (Print): Signature: Monthly Benefits Began/Will Begin: Social Security Benefit Amount: Other Benefits): Medicare Deduction: .Are benefits expected to change? Yes If Yes, please state date and amount: Amount: $ Name (Print): Amount: No Date of change: If recipient is not receiving full benefit amount, please indicate reason and date recipient will start receiving full benefit amount: Reason: Date of Resumption: Date: Telephone: Name (Print): Please send form to: Amount :$ Signature Title: Your very early response will be appreciated. Exhibit 1: 9 of 11