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Recorded in Official Records, Orange County <br /> RECORDING REQUESTED BY: Hugh Nguyen, Clerk-Recorder <br /> AND WHEN RECORDED MAIL TO: 11111111111111111111111111111111111111111111111111111111111111111111111111 NO FEE <br /> * $ R 0 0 1 5 6 3 2 2 2 3 $ * <br /> City of Santa Ana 2025000169397 02:36 pm 06/12125 <br /> 480 RecWin1A Al2 81 <br /> 20 Civic Center Plaza (M-30) 0.00 0.00 0.00 0.00 240.00 0.00 0.00 0.00 0.00 0.00 <br /> P.O. Box 1988 <br /> Santa Ana, California 92702 <br /> Attention: City Clerk ff <br /> Free Recording pursuant to <br /> Return FULLY EXECUTED Government Code f§6103 and 27383 <br /> Copy to City Clerk, M-z" A-2025-050 <br /> DENSITY BONUS HOUSING AGREEMENT WITH DECLARATION OF <br /> COVENANTS, CONDITIONS AND RESTRICTIONS <br />�I00 k11 l)N 2020 East First Street, California; APN: 402-191-03 <br /> This DENSITY BONUS HOUSING AGREEMENT WITH DECLARATION OF <br /> COVENANTS, CONDITIONS AND RESTRICTIONS ("Agreement'), is made and entered into <br /> this q day of ILAnp_ , 2025 ("Effective Date"), for reference purposes only, by and <br /> between the City of Santa Ana, a charter city and municipal corporation of the State of California <br /> ("City"), and MLC Holdings, Inc.[Meritage Homes ("Developer"). City and Developer are <br /> sometimes referred to collectively as the "Parties" and individually as a"Party." <br /> RECITALS <br /> A. Developer is the owner of that certain property located within the City of Santa <br /> Ana, County of Orange, State of California, commonly known as <br /> 2020 East First Street , Santa Ana, California, and legally described as set forth in <br /> Exhibit A, which is attached hereto and incorporated herein by this reference as if <br /> set forth in full ("Property"). <br /> B. Developer is proposing to develop a residential development consisting of no more <br /> than eighty-six (86) units, five (5) of which are proposed as very low income <br /> residential ownership units on the Property,as more particularly set forth in Density <br /> Bonus Application No. 2025-01 ("Project'). <br /> C. Santa Ana Municipal Code sections 41-1600, et seq. ("City Density Bonus for <br /> Affordable Housing"), and California Government Code sections 65915, et seq. <br /> ("State Density Bonus Law"), set forth a process to provide increased residential <br /> densities and incentives,concessions,and waivers to property owners or developers <br /> who restrict a portion of their residential development to very low income <br /> households, as specified. These regulations are intended to materially assist the <br /> housing industry in providing adequate and affordable housing for all economic <br /> segments of the community and to provide a balance of housing opportunities <br /> throughout the City. <br /> Page 1 <br /> 55394.00101\43423340.1 <br />