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<br />RECORDING REQUESTED BY <br />AND WHEN RECORDED MAIL TO: <br /> <br />CITY OF REDWOOD CITY <br />1017 MIDDLEFIELD ROAD <br />BOX 391 <br />REDWOOD CITY, CALIFORNIA 94064 <br />ATTN: -rlttf\iOIt :r Webh <br /> <br />) <br />) <br />) <br />) <br />) <br />) <br />) <br />) <br />) <br /> <br />2009-034384 <br /> <br />01 :12pm 03/26/09 DR Fee: NO FEE <br />Count of pages 14 <br />Recorded in Official Records <br />County of San Mateo <br />Warren Slocum <br />Assessor-County Clerk-Recorder <br /> <br />111111111111111111111111111111111111111111111111111111111111111111111111111 <br /> <br />* 200 900 3 4 3 8 4 A R * <br /> <br />(Space Above Provided For Recorder) Exempt from Recording Fees under Govt. Code Section 27383 (4 <br /> <br />DECLARATION OF AFFORDABILlTY COVENANTS <br /> <br />THIS DECLARATION OF AFFORDABILlTY COVENANTS (this <br />"Declaration") is made on /Y1M~ /(" 2009, by SAN MATEO <br />COUNTY COMMUNITY COLLEGE DISTRICT ("Declarant") with respect to <br />certain property located at 4200 Farm Hill Road in the City of Redwood City, <br />County of San Mateo, California, as more fully described in the legal description <br />and map that comprise Exhibit "A" attached hereto and incorporated herein by <br />this reference (the "Property"). <br /> <br />WHEREAS, Declarant is the fee simple owner of the Property; and <br /> <br />WHEREAS, Declarant intends to develop the Property by <br />constructing a faculty/staff rental housing project consisting of approximately <br />sixty (60) housing units (the "Project"); and <br /> <br />WHEREAS, during its meeting of July 1, 2008, the Planning <br />Commission for the City of Redwood City approved a Planned Development <br />Permit for the Project, subject to certain Conditions of Approval (the "Conditions <br />of Approval"); and <br /> <br />WHEREAS, in accordance with the Conditions of Approval, <br />Declarant desires to maintain a minimum of nine (9) of the housing units as <br />affordable housing units; and <br /> <br />WHEREAS, Declarant desires this Declaration to serve as the <br />instrument to impose said covenants. <br /> <br />NOW THEREFORE, Declarant declares that the Property <br />described above is held and will be held, transferred, encumbered, used, sold, <br />conveyed, leased and occupied subject to the covenants, restrictions and <br />limitations set forth in this Declaration. All of the restrictions, covenants and <br />limitations will run with the land and will be binding on all parties having or <br />acquiring any right, title or interest in the Property described above or any part <br /> <br />1 <br />