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RECORDING REQUESTED BY AND WHEN RECORDED, MAIL TO: City of Santa Ana Attention: Housing Loan Officer Property Rehabilitation Loan Program M-27 500 W. Santa Ana Boulevard, Suite 400 P. 0. Box 1988 Santa Ana, California 92702 AGREEMENT BETWEEN THE CITY OF SANTA ANA AND DEVELOPER FOR THE USE OF COMMUNITY DEVELOPER BLOCK GRANT FUNDS 2/5/91 THIS AGREEMENT,made and entered into this day of 199!�-_, by and between the City of Santa Ana, a municipal corporation of the State of California ("CITY") and -Wc&)lt 14ly k i', -r 1A :r ("DEVELOPER"), W I T N E S S E T H Recitals: 1. CITY is the recipient of funds from the United States Department of Housing and Urban Development ("HUD") pursuant to Title I of the Housing and Community Development Act of 1974, as amended ("ACT"). 2. CITY desire to commit a supplemental loan to Developer to develop property as an affordable housing project (hereinafter the "project") and DEVELOPER desires to enter into an agreement with CITY in regard to the Project of the form set forth in Exhibit I, attached here -:to and by this reference incorporated herein. WHEREFORE, for and in consideration of the respective and mutual covenants hereinafter contained and made, and subject to all the terms and conditions hereof, the parties hereto do hereby agree as follows: 1. DEVELOPER OBLIGATIONS A. DEVELOPER agrees to- enter into a "Development Agreement" which is the subject of this agreement with -CITY to use all federal funds provided by CITY'to DEVELOPER pursuant to this agreement and the Development Agreement for. the. Project. as. set forth in "Exhibit 1,11 attached hereto and -by this 'reference incorporated herein. •DEVELOPER's fai..Iure to perform as required may, in addition 'to other remedieg. aet forth in this agreement, Page I of 11 Pages