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COMPLIMENTARY RECORDING REQUIRED <br />PURSUANT TO GOVERNMENT CODE <br />SECTION 27383 <br />When Recorded Mail To: <br />City of Redwood City <br />Housing and Redevelopment Division <br />P. 0. Box 391 <br />Redwood City, CA 94064 <br />7112-7113 <br />-q000 <br />1111111 I I I I 111111 I I I I I I I I I I I I I I I RECORDS <br />IEI IC Io1Rl ID1511I ISI IF I I I I <br />OFFICIAL COUNTY <br />SAN MATEO <br />COUNTY CLERK -RECORDER <br />ASSESSOR WARREN SLOCUM <br />Recorded at Request of <br />FIDELITY NATIONAL TITLE <br />95-055738 05/31/95 11:40 <br />Recording PfALL5 <br />Fee: <br />SPAC- OVE 'S USE <br />RESALE RESTRICTION AGREEMENT <br />AND OPTION TO REPURCHASE <br />Owner: LIIIS E. CARDENAS AND JANICE A. CARDENAS, HUSBAND AND WIFE <br />Property Address: 1255 WARREN AvENVE <br />REDWOOD CITY, CA 94063 <br />Unit: 207 <br />This Resale Restriction Agreement and Option to Repurchase (the "Resale Agreement") is <br />entered into as of this 25TH day of MAY, 1995, by and between the City of Redwood City, a <br />municipal corporation of the State of California, (the "City") and LUIS E. CARDENAS AND <br />JANICE A. CARDENAS, HUSBAND AND WIFE, (the "Owner"). <br />RECITALS <br />WHEREAS, the City of Redwood City has determined that it would be desirable to <br />increase the number of housing units for sale to low and moderate income First -Time <br />Homebuyers, and to assist such homebuyers in purchasing otherwise unaffordable homes; and <br />WHEREAS, the Redevelopment Agency of the City of Redwood City ("Agency") has adopted a <br />program (the "Program") under which it has entered into a Development Agreement with the <br />seller ("Developer") of the property known as 1255 WARREN AvENUE, Redwood City, California <br />(the "Property"). The Development Agreement sets forth the prices at which the units ("Unit") <br />RESALE RESTRICTION AGREEMENT <br />CD <br />CA <br />O <br />r -n <br />Ln <br />w <br />00 <br />