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NATIONAL COMMUNITY RENAISSANCE OF CALIFORNIA AND LEGACY SQUARE, L. P. (2)
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NATIONAL COMMUNITY RENAISSANCE OF CALIFORNIA AND LEGACY SQUARE, L. P. (2)
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Last modified
4/23/2024 8:29:25 AM
Creation date
4/23/2024 8:28:25 AM
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Contracts
Company Name
NATIONAL COMMUNITY RENAISSANCE OF CALIFORNIA AND LEGACY SQUARE, L. P.
Contract #
A-2024-008
Agency
Community Development
Council Approval Date
1/16/2024
Expiration Date
1/31/2027
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RECORDING REQUESTED BY <br />FIDELITY NKHONAL TITLE <br />RECORDING REQUESTED BY: <br />AND WHEN RECORDED MAIL'I'O: <br />City of Santa Ana <br />City Clerk <br />20 Civic Center Plaza (M-30) <br />13,C). Box 1988 <br />Santa Ana, California 92702 <br />Attention: City Clerk <br />No fee For recording pursuant to <br />Government Code Section 27383 <br />A-2024-008 <br />JAN 18 ZOO FIRST AMENDMENT TO DENSITY BONUS HOUSING AGREEMENT <br />r*) (Legacy Square) <br />Uj <br />1-- 0 <br />Z) T <br />U 5; THIS FIRST AMENDMENT TO DENSITY BONUS HOUSING AGREEMENT (this <br />LU <br />X <br />Gj "Amendment") is made and entered into as of the _L6�'day of -1 2024 ("Effective <br />0 Date") by and between the City of Santa Aria, a charter city 4, I corporation of the <br />municipal 1-- <br />Z) 2 State of California (the "City"), and National Community Renaissance of California, a California <br />nonprofit public benefit corporation (the "Developer"), and Legacy Square, L.P., a California <br />0 <br />4�r limited partnership (the "Tenant"). The City, Developer, and the Tenant are sometimes <br />a) <br />ry, collectively refierred to as the "Parties." Terms not defined herein shall have the ri,waning, set <br />forth in the DBA (as defined below). <br />RECITALS: <br />A. Santa Ana United Methodist Church (the "Fee Owner") is the owner of the real <br />property located within the City of Santa Ana, County of Orange, State of California, commonly <br />known as 609 North Spurgeon Street, Santa Ana, California, and further described in Exhibit A <br />attached hereto and incorporated herein by reference (the "Property"). <br />B. Developer formed the Tenant to enter into a long-term ground lease with the Fee <br />Owner and to develop the ninety-three (93) unit affordable apartment complex on the Property as <br />more particularly described in the Density Bonus Application No. 2018-01 (the "Project"). <br />Without the density bonuses, Developer and Tenant Would only be permitted to build fifty-one <br />(51 ) units on the Property. <br />C. 1'o set forth the term of" the required density bonuses, the City and the Developer <br />entered into that certain Density f3onLIS Flousing Agreement with an effective date of February 5, <br />2019 (the "DBA"), and the same was recorded against the Property on March 25, 2019, as <br />Recording No, 2019000092579. in the Official Records of Orange County, California (the <br />"Official Records"). <br />D. The Tenant and the Fee Owner entered into that certain long-term ground lease <br />dated as of .lane 12. 2020, the same which was amended and restated by that certain amended <br />KH 1112350,3 <br />
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