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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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The Developer hereby makes the following representations, covenants and <br />warranties, and Developer acknowledges that the execution of this Inclusionary <br />Housing Agreement by the City has been made in material reliance by the City <br />on such covenants, representations and warranties: <br />II -A. The Developer is a California limited liability company, lawfully entitled to <br />do business in the State of California and the City. The Developer has the <br />legal right, power and authority to enter into this Inclusionary Housing <br />Agreement and the instruments and documents referenced herein and to <br />consummate the transaction contemplated hereby. The persons <br />executing this Inclusionary Housing Agreement and the instruments <br />referenced herein on behalf of the Developer hereby represent and <br />warrant that such persons have the power, right and authority to bind the <br />Developer. <br />II-13. The Developer has taken all requisite action and obtained all requisite <br />consents in connection with entering into this Inclusionary Housing <br />Agreement and the instruments and documents referenced herein and the <br />consummation of the transactions contemplated hereby, and no consent <br />of any other party (other than the property owner) is required for the <br />Developer's authorization to enter into this Inclusionary Housing <br />Agreement. <br />II-C. Neither the execution of this Inclusionary Housing Agreement nor the <br />consummation of the transactions contemplated hereby shall result in a <br />breach of or constitute a default under any other agreement, document, <br />instrument, or other obligation to which the Developer is a party or by <br />which the Developer may be bound, or to the Developer's knowledge, <br />under any law, statute, ordinance, governmental regulation or any writ, <br />injunction, order or decree of any court or governmental body applicable to <br />the Developer or to the Property. <br />II-D. This Inclusionary Housing Agreement is, and all agreements, instruments <br />and documents to be executed by the Developer pursuant to this <br />Inclusionary Housing Agreement shall be duly executed by, and to the <br />best of the Developer's knowledge, are or shall be valid and legally <br />binding upon the Developer and enforceable in accordance with their <br />respective terms. <br />III. Effective Date <br />This Inclusionary Housing Agreement is dated , 2019, for <br />reference purposes only. This Inclusionary Housing Agreement shall not go into <br />effect before the Effective Date. <br />Incluslonary Housing Agreement - In -Lieu Fee Payment Page 6 <br />City of Santa Ana <br />
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