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MILLS ACT AGREEMENT <br />305 East Washington Avenue <br />Santa Ana, CA 92701 <br />described in Exhibit A, in the City of Santa Ana, to the covenants, conditions, and restrictions as <br />set forth in this Agreement. <br />b. City and Owner hereby declare their specific intent that the covenants, conditions <br />and restrictions as set forth herein shall be deemed covenants running with the land and shall pass <br />to and be binding upon Owner's successors and assigns in title or interest to the Historic Property. <br />Every contract, deed, or other instrument hereinafter executed, covering or conveying the Historic <br />Property or any portion thereof, shall conclusively be held to have been executed, delivered, and <br />accepted subject to the tenants, restrictions, and reservations expressed in this Agreement <br />regardless of whether such covenants, conditions and restrictions are set forth in such contract, <br />deed, or other instrument. <br />C. This property is listed in the Santa Ana Register of Historical Properties (Register). <br />In any real property transaction, the owner of this property or the owner's representative shall <br />provide the buyer of this property with notice that the property is listed on the City's historic <br />Register. <br />8. No Compensation. <br />Owner shall not receive any payment from City in consideration of the obligation imposed <br />under this Agreement, it being recognized that the consideration for the execution of this <br />Agreement is the substantial public benefit to be derived therefrom and the advantage that will <br />accrue to Owner as a result of the effect upon the assessed value of the Property on the account of <br />the restrictions on the use and preservation of the Property. <br />9. Notice. <br />Any notice required by the terms of this Agreement shall be sent to the address of the <br />respective parties as specified below or at other addresses that may be later specified by the parties <br />hereto. <br />City: City of Santa Ana <br />20 Civic Center Plaza (M-30) <br />Santa Ana, CA 92702 <br />Attn: City Clerk's Office <br />Owners: Daniel Phan Nguyen, Trustee to The 305 E. Washington Ave Grantor Trust <br />305 E Washington Avenue <br />Santa Ana, CA 92701 <br />10. General Provisions. <br />a. None of the terms, provisions, or conditions of this Agreement shall be deemed <br />to create a partnership between the parties hereto and any of their heirs, successors, or assigns, nor <br />-5- <br />