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City of Santa Ana <br />20 Civic Center Plaza <br />Santa Ana, California 92701 <br />Attention; City Clerk <br />To be roccrdod vA hout fee. Lane e For Recorder's Only) <br />(5paa�Abave TRecorder's Use pnly) <br />(Govanr(neol Cade, §§ 6103 and 27383) <br />INCLUSIONARY HOUSING AGREEMENT <br />OWNERSHIP PROJECT <br />THIS INCLUSIONARY HOUSING AGREEMENT its dated as of May 3 220116, by <br />and between the CITY OF SANTA ANA, a charter city and municipal corporation <br />organized and existing under the Constitution and laws of the State of California <br />and OLSON URBAN HOUSING, I_I-C, a Delaware limited liability <br />company ( "Developer"). <br />A. The City's Housing Opportunity Ordinance ("Ordinance") was originally <br />adopted by the City Council on November 2.6, 2011and is codified in <br />Article XVIII.1 Section 41 — 1900 of the City's Municipal Code. The <br />Ordinance was amended by the City Council on September 1, 2015„ in <br />Ordinance No. NS -2881, and on October 6, 2015, In Ordinance No. NS- <br />2885. <br />B. The Developer is the fee owner of the Property located at 1506, 1524, and <br />1548 West First 'Street, Santa Ana, California. <br />C. The Developer desires, at the Developer's sole cost and expense, to <br />develop a sixty -two (62) unit for sale condominium project on the Property <br />( "Project "). <br />D. On May _3 ZQII b, the City Council: approved and adopted the Mitigated <br />Negative Declaration and Mitigation Monitoring Reporting Program, <br />Inaluslanary Hausin,e�Ardraomerrl- p,marship <br />-Project - Page <br />Cify of Santa Ana EXHIBIT D <br />75C -71 <br />