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� � • <br /> EXHIBIT "C" <br /> AFFORDABILITY COVENANTS <br /> RECORDING REQUESTED BY ) <br /> AND WHEN RECORDED MAIL T0: ) <br /> ) <br /> Redevelopment Agency of the ) <br /> City of Redwood City ) <br /> P.O. Box 391 ) <br /> Redwood City, CA 94064 ) <br /> Attn: Redevelopment Director ) <br /> (Space Above for Recorder' s Use) <br /> DECLARATION OF AFFORDABILITY COVENANTS <br /> THIS DECLARATION OF AFFORDABILITY COVENANTS (this <br /> "Declaration") is made on , 2005, by PENINSULA <br /> HABITAT FOR HUMANITY, a California non-profit corporation <br /> ("Declarant") with respect to certain property located in the City <br /> of Redwood City, County of San Mateo, California, as more fully <br /> described in Exhibit "A" attached hereto and incorporated herein by <br /> this reference (the "Property") . <br /> WHEREAS, The Declarant is the fee simple owner of the <br /> Property; <br /> WHEREAS, The Declarant and the Redevelopment Agency of <br /> the City of Redwood City (the "Agency") have entered into that <br /> certain Disposition and Development Agreement dated as of <br /> , , 2005 and recorded in the Official Records of San <br /> Mateo County as Document No. (the "DDA" or <br /> "Agreement") with respect to the Declarant' s development of the <br /> Property; <br /> .,� <br /> ; WHEREAS, Pursuant to the terms and conditions of the <br /> DDA, and in return for the Agency' s financial assistance in <br /> connection with the redevelopment of the Property, the Declarant <br /> has agreed to develop upon the Property eight (8) affordable <br /> townhome units and to impose certain covenants on the Property and <br /> the townhomes thereupon; and <br /> ; � <br /> ; � WHEREAS, The Declarant desires this Declaration to serve <br /> as the instrument to impose said covenants . <br /> NOW THEREFORE, the Declarant declares that the Property <br /> described above is held and will be held, transferred, encumbered, <br /> REDW\0006\DOC\013-6 <br /> C — 1 3/08/05 mvc <br />