1901 E. FIRST STREET OWNER LLC (2) - 2014

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RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: City of Santa Ana 20 Civic Center Plaza Santa Ana, California 92701 Attention: City Clerk A- 2014 -279 Recorded in Official Records, Orange County Hugh Nguyen, Clerk- Recorder 1 IIII$Illl1111IPl 11111111111 lll11l 11llllllJ 1111 ll1111llll lllI111� NO FEE 201400051512512:44 pm 12101114 90 417 Al2 125 0.00 0.00 0.00 0.00 372.00 0.00 0.00 0.00 To be recorded without fee. (Space Above This Line For Recorder's Use Only) (Government Code, §§ 6103 and 27383) INCLUSIONARY HOUSING AGREEMENT 1901 E. FIRST STREET THIS INCLUSIONARY HOUSING AGREEMENT is dated as of October 15, 2014, by and between the CITY OF SANTA ANA, a charter city and municipal corporation organized and existing under the Constitution and laws of the State of California (the "City "), and 1901 FIRST STREET OWNER, LLC, a Delaware limited liability company ( "Property Owner "). RECITALS A. The City's Housing Opportunity ( "Ordinance ") was adopted by the City Council on November 28, 2011 and is codified in Article XVIIIA Section 41 — 1900 of the City's Municipal Code. B. The Property Owner is the fee owner of the Property located at 1901 E. First Street, Santa Ana, California. C. The Property Owner desires to, at the Property Owner's sole cost and expense, develop a two hundred and sixty -four (264) unit Project on the Property. D. On November 18, 2013, the City Council approved Vesting Tentative Map No. 2013 -04 and Site Plan Review No. 2013 -03 (the "Site Plan "). On that date, the City Council also adopted Ordinance No. NS -2850 approving an amendment to Development Agreement No. 2007-01 (as amended, the "DA "), which collectively set forth the City Approvals for the Project. Inclusionary Housing Agreement— Rental Project Page 1 City of Santa Ana September 18, 2014 I{ Of