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6.1.B. - Page 24 <br /> ATTACHMENT 2 <br /> DISCLOSURE STATEMENT <br /> THERE ARE RESTRICTIONS ON THE SALE OF THE PROPERTY YOU ARE <br /> BUYING. YOU MAY NOT SELL THE PROPERTY FOR MARKET VALUE TO <br /> WHOMEVER YOU LIKE. YOU MUST SELL THE PROPERTY TO A "QUALIFIED <br /> BUYER" AT AN "AFFORDABLE SALES PRICE." IF YOU CANNOT DO SO, YOU <br /> MUST NOTIFY THE CITY, WHICH HAS AN OPTION TO PURCHASE THE <br /> PROPERTY. <br /> THERE ARE ALSO RESTRICTIONS ON OBTAINING AND REFINANCING <br /> LOANS IN CONNECTION WITH THE PROPERTY. YOU MAY NOT OBTAIN OR <br /> REFINANCE ANY EXISTING LOAN EXCEPT AS APPROVED IN WRITING BY THE <br /> CITY OF REDWOOD CITY AND YOU MAY NOT OBTAIN ANY HOME EQUITY LOAN <br /> OR LINE OF CREDIT. <br /> THESE RESTRICTIONS WILL BE IN EFFECT UNTIL , 20_. IF <br /> YOU SELL THE PROPERTY IN VIOLATION OF THE RESTRICTIONS, THE SALE <br /> SHALL BE VOID. <br /> TO DETERMINE WHO IS A QUALIFIED BUYER AND WHAT AN AFFORDABLE <br /> SALES PRICE IS, YOU SHOULD CONTACT THE CITY OF REDWOOD CITY'S <br /> HOUSING MANAGER. <br /> I HAVE READ THIS DISCLOSURE STATEMENT AND THE RESALE <br /> RESTRICTION AGREEMENT AND OPTION TO PURCHASE AND I UNDERSTAND <br /> WHAT THEY MEAN. <br /> Owner Owner <br /> I HAVE REVIEWED THE ABOVE DISCLOSURE STATEMENT AND THE <br /> RESALE RESTRICTION AGREEMENT AND OPTION TO PURCHASE WITH THE <br /> OWNER. <br /> City Housing Manager <br /> REV:04-20-16 VR <br /> Page 21 of 29 <br /> ATTY/AGR.2016.081/Fuller Street Partners, LLC Affordable Housing Agreement <br />