Laserfiche WebLink
<br />CDA 116 <br /> <br />Exhibi t "A" <br /> <br />I RECORDING REQUESTED BY <br />AND WHEN RECORDED MAIL TO <br /> <br />City of Redwood City <br />P.O. Box 391 <br />Redwood City, Ca. 94063 <br /> <br />1___ __J <br />Enter Grantee's name and address in the space above <br /> <br />(SPACE ABOVE THIS LINE FOR RECORDER'S USE) <br /> <br />NOTICE OF ASSURANCES TO THE STATE OF CALIFORNIA OF <br />THE USE OF PROPERTY AND/OR <br />THE ST ATE OF CALIFORNIA'S RIGHT OF RECAPTURE <br /> <br />The Senior Center Bond Act enacted by the State of California provides that the State of California <br />has a right of recapture described below (Type of Project) on the property/improvements <br />described below (Legal Description) for the period described below (Term). <br /> <br />Type of Proiect: (Mark applicable section for Grantee's project) <br /> <br />SECTION 9455, WELFARE AND INSTITUTIONS CODE <br /> <br />c <br /> <br />(a) A recipient of a contract for the acquisition of a facility to be used as a senior center <br />shall assure that the facility will be used for that purpose for at least 10 years from the <br />date of acquisition. <br /> <br />c <br /> <br />(b) A reCipient of a contract for the renovation of an existing facility to be used a senior <br />center shall assure the department the facility will be used for that purpose for the <br />following periods: <br /> <br />i... <br /> <br />( I) Not less than three years from the date the contract terminates, where the amount <br />of the award does not exceed thirty thousand dollars ($30,000). <br /> <br />(2) If the award exceeds thirty thousand dollars ($30,000), the fixed period of time <br />shall increase one year for each additional ten thousand dollars ($10,000) or part <br />thereof, to a maximum of seventy-five thousand dollars ($75,000). <br /> <br />c <br /> <br />(3) For awards which exceed seventy-five thousand dollars ($75,000), the fixed period <br />of time shall not be less than 10 years. <br /> <br />~ (c) A reCipient of a contract for the construction of a facility to be used as a senior center <br />shall assure the department the facility will be used for that purpose for at least 20 <br />years after completion of construction. <br /> <br />- 31 - <br />