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The undersigned , is the Owner of the Inclusionary <br />Unit located at Santa Ana, California. On , <br />20_, Owner provided City with written notice of its intent to sell the Inclusionary <br />Unit. Owner has failed to identify an Eligible Purchaser in accordance with <br />Article 3 — Section I of the Inclusionary Housing Covenants Declaration, and the <br />City has failed to exercise the City's Purchase Option pursuant to Article 3 — <br />Section II. Accordingly, Owner hereby notices the City of its intent to make an <br />Extraordinary Sale of the Inclusionary Unit in accordance with Article 3 — Section <br />III of the Inclusionary Housing Covenants Declaration. <br />Attached herewith is the estimate of the Fair Market Value for the Inclusionary <br />Unit as defined in the Inclusionary Housing Covenants Declaration. Owner <br />hereby acknowledges that the City shall retain City's Purchase Option until the <br />time that Owner has accepted in writing an offer to purchase the Inclusionary <br />Unit from a buyer, and that all applicable time periods for an Extraordinary Sale <br />under the Agreement commence only upon City's receipt of this Notice. <br />Owner <br />Inclusionary Housing Covenants Declaratlon Page 1 <br />Notice of Extraordinary Sale January 2015 <br />32A-118 <br />