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RecDoc 2018-014383 Declaration of Affordability Covenants 3752 - 3770 Rolison Rd
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RecDoc 2018-014383 Declaration of Affordability Covenants 3752 - 3770 Rolison Rd
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Last modified
7/11/2019 10:39:48 AM
Creation date
4/5/2018 4:49:42 PM
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Recorded Docs
Recorded Docs - Type
Agreement
Subject
Declaration of Affordability Covenants
Doc Num
2018-014383
Rec Date
2/28/2018
APN
055-161-310, 055-161-340
Address
3752-3770 Rolison Rd
Parties
MP Mosaic Garden Associates, L.P.
Reso Ref
15644
MO Ref
Amend NO 1 by 19-094
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4. Section 2, Maximum Allowable Rent and Utility Allowances, of the Declaration <br />is hereby amended to read as follows, replacing all references to the term "allowable rent' <br />with "affordable rent," and retitling the section as "Maximum Affordable Rent and Utility <br />Allowances": <br />2. Maximum Affordable Rent and Utility Allowances. The maximum <br />affordable rents must be reduced if the tenants pay/s for utilities. The <br />maximum rent includes all utilities and housing -related services, except <br />telephone and cable TV. Allowances provide a mechanism for reducing the <br />maximum affordable rent when some or all utilities are paid by the tenant/s. <br />The City uses the San Mateo County Housing Authority allowance schedule <br />to determine utility allowances which vary depending on the type of unit and <br />utilities available in the unit. <br />5. Section 3, Maximum Rents (Low Affordable Units), Section 4, Maximum <br />Rents (Very Low Affordable Units), and Section 5, Maximum Rents (Extremely Low <br />Affordable Units) are hereby deleted from the Declaration. <br />6. All other provisions of the Declaration will remain in full force and effect. <br />7. All requisite insurance policies to be maintained by Contractor pursuant to <br />the Agreement will include coverage for this Amendment. <br />8. The individuals executing this Amendment and the instruments referenced <br />in it on behalf of Contractor each represent and warrant that they have the legal power, <br />right, and actual authority to bind Contractor to the terms and conditions of this <br />Amendment. <br />[Signature Page Follows] <br />ATTY/AGR/2019/AMEN DMENTS/AMEND NO. 1— MIDPEN MOSAIC GARDENS (ATHERTON COURT) <br />REV: 04-22-19 DZ <br />Page 4 of 5 <br />
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