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EXHIBIT E <br /> FORM OF NOTICE OF AFFORDABILITY RESTRICTIONS ON TRANSFER OF <br /> PROPERTY <br /> RECORDING REQUESTED BY, ) <br /> AND WHEN RECORDED MAIL TO: ) <br /> } <br /> City of Santa Ana ) <br /> 20 Civic Center Plaza, 6th Floor ) <br /> Santa Ana, California 92702 ) <br /> Attn: Executive Director ) <br /> This document is exempt from <br /> payment of a recording fee <br /> pursuant to Government Code <br /> Sections 27383 and 6103. <br /> NOTICE OF AFFORDABILITY RESTRICTIONS ON <br /> TRANSFER OF PROPERTY <br /> This Notice of Affordability Restrictions on Transfer of Property (or"Notice <br /> of Affordability Restrictions") is executed and recorded pursuant to Section 65915 <br /> of the California Government Code, and affects that certain real property generally <br /> located at 2130 East Fourth Street, Santa Ana, California (APN 400-091-023) <br /> (hereafter, the "Property") as legally described in Exhibit A hereto ("Property"). The <br /> City of Santa Ana, a charter city and municipal corporation of the State of California <br /> (referred to hereafter as "City"), and Olive Crest, a California nonprofit <br /> corporation ("Developer/Property Owner") have entered into that certain Density <br /> Bonus Housing Agreement With Declaration of Covenants, Conditions and <br /> Restrictions, dated as of , 2025 ("Density Bonus Housing Agreement"). <br /> 1. The Density Bonus Housing Agreement provides for affordability <br /> restrictions and restrictions on the transfer of the Property, as more particularly set <br /> forth in the Density Bonus Housing Agreement. A copy of the Density Bonus <br /> Housing Agreement is on file with City as a public record and is deemed <br /> incorporated herein. Reference is made to the Density Bonus Housing Agreement <br /> with regard to the complete text of the provisions of such agreement and all defined <br /> terms therein, which provides for affordability restrictions and restrictions on the <br /> transfer of the Property. <br /> Exhibit E to <br /> 2130 East Fourth Street Density Bonus Agreement <br /> 55394.00101\43 846773.1 <br />