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DEVELOPMENT AGREEMENT BETWEEN <br />THE CITY OF SANTA ANA AND <br />'ON HOUSING [ARU STREET-PARTN€RSl XW!, LLC, <br />This FIR- T..AMENDED AND RESTATED DEVELOPMENT AGREEMENT ("Agreement") <br />is entered into between THE CITY OF SANTA ANA, a charter city and municipal <br />corporation duly authorized under the Constitution and laws of the State of California <br />("City") and 4004--& TLYON HOUSING__(FIRST STREET-P-ARTINERS _X, LLC, a <br />Delaware limited liabilitv company ("Owner" er"Weae 9wper-M. The.City_and Owner <br />1. RECITALS. The First Amended and Restated Develo men Agreement is <br />entered into with reference to the following facts: <br />1.1 PUr-pe68. <br />11 <br />U <br />(-1 }--The parpase-of-this Agreement is-to-fasititate -the-development-of--the <br />Propert The real property which is the subject of this First Amended <br />and Restated Development A reement is located at 1901 East 1 iFsIE <br />a 5.49TTl g_ Property is a 5.1 acre parcel of-landwithin the Metro East <br />Mixed Use Overlay Zone that is located at the northeast comer of First <br />Street and Cabrillo Park Drive-, more tr thwilarly c/ascribed-i?a sesf#e of <br />Cal On April 2. 2007, the City Council of the Cit of llwl (the <br />6-.W0 2 0 616 111d2.1791554.i&8J2v2S 4- <br />75A-57 <br />The Pro ._ert was?reviously 0cctrpied b,va two.-story-,%5,300 squato <br />foot_builditig (the "Maim B?il?iing"1 and an exist pwo)ci s(ructiircp.