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RECORDING REQUESTED BY: <br /> AND WHEN RECORDED MAIL TO: <br /> City of Santa Ana <br /> 20 Civic Center Plaza(M-30) <br /> P.O.Box 1988 <br /> Santa Ana, California 92702 <br /> Attention: City Clerk <br /> Free Recording pursuant to <br /> Government Code ff 6103 and 27383 <br /> DENSITY BONUS HOUSING AGREEMENT WITH DECLARATION OF <br /> COVENANTS,CONDITIONS AND RESTRICTIONS <br /> 125-205 South Harbor Boulevard; APN: 144-311-14,144-311-15 <br /> This DENSITY BONUS HOUSING AGREEMENT WITH DECLARATION OF <br /> COVENANTS, CONDITIONS AND RESTRICTIONS ("Agreement"), is made and entered into <br /> this—day of , 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 Santa Ana 9 Inv, LLC, a Delaware limited liability company ("Developer"). City <br /> and Developer are 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 /> 125 and 205 South Harbor Boulevard, Santa Ana,California, and legally described <br /> as set forth in Exhibits A-I and A-2, which are attached hereto and incorporated <br /> herein by this reference as if set forth in full("Property"), <br /> B. Developer is proposing to develop a residential development consisting of no more <br /> than thirty six (36) units, four (4) of which are proposed as moderate income <br /> residential ownership units on the Property,as more particularly set forth in Density <br /> Bonus Application No. 2024-02 ("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 Moderate 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\43724951,I <br />