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a <br />0 <br />N <br />0 <br />RECORDING REQUESTED BY <br />AND WHEN RECORDED MAIL_ TO: <br />City of Santa Ana <br />20 Civic Center Plaza <br />Santa Ana, California 92701 <br />Attention: Housing Manager <br />A- 2015 -177 <br />To be recorded without fee. (Space Above This Line For Recorder's Use Only) <br />(Government Code, §§ 6103 and 27383) <br />INCLUSIONARY HOUSING AGREEMENT <br />OWNERSHIP PROJECT <br />THIS INCLUSIONARY HOUSING AGREEMENT is dated as of August 4, 2015, <br />by and between the CITY OF SANTA ANA, a charter city and municipal <br />corporation organized and existing under the Constitution and laws of the State <br />of California, and Santa Ana 5 Inv.,LLC, a Delaware limited liability company <br />( "Developer "). <br />RECITALS <br />A. The City's Housing Opportunity ( "Ordinance ") was adopted by the City <br />Council on November 28, 2011 and is codified in Article XVIII.1 Section 41 <br />— 1900 of the City's Municipal Code. <br />B. The Developer is the fee owner of the Property located at 1010 S. Harbor <br />Blvd, Santa Ana, California. <br />C. The Developer desires to, at the Developer's sole cost and expense, <br />develop a seventy -nine (79) unit Project on the Property. <br />D. On August 4, 2015 the City Council /Planning Commission approved <br />Resolution Number , which sets forth the City Approvals for the <br />Project. (2015 -25) <br />Inclusionary Housing Agreement - Ownership <br />City of Santa Ana <br />January 2015 <br />