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SANTA ANNA FIRST STREET, LLC
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Last modified
6/21/2019 1:44:32 PM
Creation date
6/21/2019 10:31:37 AM
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Contracts
Company Name
SANTA ANNA FIRST STREET, LLC
Contract #
A-2015-306
Agency
Community Development
Council Approval Date
10/6/2015
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Administrative Procedures Manual established by the City Council to <br />implement the Ordinance requirements. <br />F. This Inclusionary Housing Agreement, when fully executed by the City and <br />the Developer, and then recorded, is intended to satisfy the requirement <br />that the Developer enter into an Inclusionary Housing Agreement, as set <br />forth in the Ordinance and the conditions to City Approvals. <br />NOW, THEREFORE, in consideration of the mutual promises set forth in this <br />Inclusionary Housing Agreement and other good and valuable consideration, the <br />receipt and sufficiency of which is acknowledged by the City and the Developer, <br />the Parties, agree as follows: <br />DEFINITIONS OF TERMS <br />The following words, terms and phrases are used in this Inclusionary Housing <br />Agreement, as follows, unless the particular context of usage of a word, term or <br />phrase requires another interpretation: <br />Administrative Procedures means the regulations promulgated by the <br />Executive Director pursuant to the Ordinance. <br />Administrative Procedures Manual is the Affordable Ownership Housing <br />Administrative Procedures Manual — Developer Requirements dated January <br />2014, which has been prepared by the City for the implementation and <br />enforcement of the Ordinance. A copy of the Administrative Procedures Manual <br />shall be maintained on file with the City, and shall be provided to each Developer <br />of Inclusionary Units. <br />City means the City of Santa Ana, California. <br />City Approvals are defined as the entitlement approvals and the Inclusionary <br />Housing Plan that must be approved by the Program Director prior to the <br />issuance of building permits for the Project. <br />City Council means the City of Santa Ana City Council. <br />Default means the failure of a Party to perform any action or covenant required <br />by this Inclusionary Housing Agreement within the time period provided herein <br />following notice and opportunity to cure, as set forth in Article 3 — Section I of this <br />Inclusionary Housing Agreement. <br />Developer means the owner and developer of the Project. <br />Indusionary Housing Agreement - In -Lieu Fee Payment Page 2 <br />City of Santa Ana <br />
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