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L +XIII.BIT G <br />RECORDING REQUESTED BY <br />AND WHEN RECORDED RETURN 1'0 <br />City of Sonata Ana <br />C°oannaunity L-detie;lopiner t Agency <br />lousing; Departoncnt N4-26 <br />20 Civic 0,,nf.er Plaza, 6th Floor <br />IIDC Box 1988 <br />Santa Ana. Califiarniaa 42702 <br />SPACE ABOVETHIS DINE FOR RECORDING USE <br />FREE RECORDING REQ LSTED <br />[C:;leawernaaaent Code Section Cr 103] <br />AFFORDABiu'rY RESTRICTIONS <br />ON TRANSFER OIt' t?R()NL:Ii,TY <br />(21.51 E. First, Santa Ana, CA) <br />THESL AFFORDABLE HOUSLNG RFSIRIC "IIONS ON TRANSFER OF' <br />PROPERTY (the "Regrietia?ns ") :are entered into as Of.ha'ly 2016, by a,nd ainnng; aand <br />Claaest llotase L V, (refcrrect to herein as the "Devchaper ") a ( "ahlaa in a lnniteil pLntnershipr <br />Te C'i y of Saantaa Ana, a charter city and intunicipal corporaaLion (the "City "). <br />RECITALS: <br />A. Developer is the owner of that certain real property located at, 2151 East First <br />Strect, (the "Property ") located in the City of Sawa Ana ones c parka laarlyr described in <br />Exhibit A, which is attached hereto and inco,n-ml herein by this Myer= <br />L3, For the paarlaa,ase caI' provkhng; seventy-two (7'2) marts of haans;inp I& will be <br />aMaable to Gueaaaely -L.ov& Very-Love and Low I.ncon c hous,eil,acrhl ( "AsSititcwl Units "'), <br />the Developer, the City have entered into that es^rtain Loan Apawrnent, darted on or abotat <br />the elate hereof (the "Loan AF„ rccaaaerit ") tar which thetie Reslrtctions are attached as Exhibit <br />Cr, which, along wwilh all of it attaclnawents, is Mo,wated herein by this reference (away <br />vapita Hied tens that is not otherwise defined in these Reodedons shall have the aaaeaninp <br />ascribed to such term in the I -oana Agrecnaent). <br />C ", The Loan Agecrnent pi,ovieles, aowacnag anther things, for the talc of the Praaperty° <br />I,or a@l ardaable housing; with all Assisted Mits being, restricted to Extremety L.aaw,Wery- <br />Low and Low Itic orne h0USeh0lcdS, at Affordable Rent(s). <br />D. The Loan Ag;reenacaat contains certain provisions relating to the use of` the <br />Property. <br />25H -82 <br />