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ATTACHMENT INTO.? <br />RECORDING REQUESTED BY, } <br />AND WHEN RECORDED MAII. TO: ) <br />} <br />Community Redevelopment Agency ) <br />of the City of Santa Ana <br />20 Civic Center Plaza ) <br />Santa Ana, California 92702 <br />Attn: Executive Director ) <br />This document is exempt from payment of a <br />records n g fee purse ant to G o verfunent Co de <br />Sections 27383 and 6103. <br />REGULATORYAGREEMENT <br />THIS GULATORY AGREEMENT the ; �A greernen C } is entered into as of <br />- - - - - Y - - - 2010, by and between the CONRUUNITY REDEVELOPMENT <br />AGENCY F THE CITY OF SANTA ANA, a pu blic body, corporate and politic (the <br />"Agency"'), and (the "Developer"). <br />RECITALS <br />A. Developer has acquired from the Agency certain real property located within the. <br />City of Santa Aria, as particularly described in the Legal Description attached hereto as <br />Exhibit A, which is incorporated herein by reference the "Site"). <br />B. Developer desires to construct a multifamily affordable housing development, <br />wliich will consist of a minimum of - - units (the "'Housing Project"), and to make <br />available and rent the apartment units within the Housing Project (the "Housing nit ' ) to <br />extremely and very low income persons at an affordable rent. The Housing Project is sometimes <br />referred to herein as the "Project." <br />C. Developer and Agency have entered into a Disposition and D oveloprnen t <br />Agreement (the "DDA. } ) dated as of ' , 2010. Subject to the terms and <br />conditions therein, the Developer has agreed to acquire the Site and construct and operate the <br />Housing Project* the Agency has agreed to provide financial assistance to Developer, and the <br />Developer has agreed to make available and lease all of the Housing Units to Extremely and <br />Very Low Income Households, all at an Affordable bent as those terms are defined h ere i n . <br />The e ecu tion and record in of thi s A greernen t i s a requ irernen t of the DDA. <br />IOW, THEREFORE, the parties hereto agree as follows: <br />I. Number of Affordable Rental Units. Developer covenants and agrees to make <br />available, restrict occupancy to, and rent the Dental Units at an affordable rent pursuant to <br />Section 5 below, as follows: <br />ATTA EWM T NO. -1 <br />Igo 0 1 40067;3 v 1 4120027 -000 <br />