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RECORDING REQUESTED BY <br />AND WHEN RECORDED MAIL TO: <br />City Clerk <br />City of Redlands <br />P. 0. Box 3005 <br />Redlands, CA 92373 <br />A PN: 0167-171-15-0000 <br />Electronically <br />Recorded in Official Records <br />San Bernardino County <br />Assessor -Recorder County Clerk <br />DOC# 2025-0014937 <br />01/23/2025 <br />Titles:1 Pages:21 <br />08:45 AM <br />SAN <br />Fees <br />$0.00 <br />Taxes <br />$0.00 <br />14311 <br />CA SB2 Fee <br />$0.00 <br />Tota 1 <br />$0.00 <br />SPACE ABOVE LINE FOR RECORDE'R'S USE ONLY <br />i x13\•IPT FRONT RECORDING FEES (GOVT. CODE § 27383) <br />NO DOCUMEWARY TRANSFER TAX (RRT CODE § 1 1922) <br />CITY OF REDLANDS <br />DENSITY BONUS AGREEMENT <br />(TENNESSEE VILLAGE) <br />This Density Bonus Agreement Tennessee Village) ("Agreement") is entered into as of <br />--- this I. day of DE�� 2024, by and between the City of Redlands, a <br />California municipal corporation ("City"), and Lugonia Park Associates, LLC, a California <br />limited liability company ("Owner"). City and Owner are each sometimes individually referred to <br />herein as a "Party" and, together, as the "Parties." <br />RECITALS <br />A. Owner is the owner of approximately 13.48 acres of real property, comprising of <br />one parcel located northeast of the intersection at Tennessee Street and Lugonia Avenue (APN: <br />0167-171-15-0000), in Redlands, California, which is more particularly described in the legal <br />description attached hereto as Exhibit "A" and incorporated herein by reference ("Property"). <br />B. Owner is constructing a mixed -use, multi -family residential housing project on the <br />Property, comprising of four hundred sixty (460) apartment units, and approximately 17,899 <br />square feet of commercial space, as more particularly described in Commission Review and <br />Approval No. 956 (collectively, the "Project Applications"). <br />C. In connection with the Project, Owner proposes to restrict a total of five percent <br />(5%) of the total units in the Project to Very Low Income Households for an Affordable Rent to <br />be eligible for the benefits of this Agreement, as further specified herein. <br />D. This Density Bonus Agreement is entered into pursuant to the requirements of the <br />California Density Bonus Law (Government Code section 65915 et seq.) and the City's <br />implementing ordinance set forth Chapter 18.228 of the Redlands Municipal Code, under which <br />Owner is eligible to obtain a density bonus, incentives and concessions, or waivers, as authorized <br />by law. Accordingly, City desires to enter into this Agreement in accordance with California law <br />and the Redlands Municipal Code. <br />179,12.00155k12688948.1 <br />