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6.A. - Page 16 of 66 <br />Free Recording Requested per <br />Government Code Sec. 27383 <br />RECORDING REQUESTED BY AND <br />WREN RECORDED MAIL TO: <br />City of Redwood City <br />1017 Middlefield Road <br />Redwood City, CA 94063 <br />Attn: City Clerk <br />APNs: 059-092-290-2 (old) (New APN not yet assessed) SPACE ABOVE THIS LINE FOR RECORDER'S USE <br />059-092-300 (Affects Parcel Three) 059-092-310 <br />(Affects Parcel One and Two) <br />FIRST AMENDMENT TO DECLARATION OF AFFORDABILITY COVENANTS <br />THIS FIRST AMENDMENT TO DECLARATION OF AFFORDABILITY <br />COVENANTS (this "Amendment") is made and executed as of , 2020 <br />(the "Effective Date"), by HALLMARK 2017 LP, a California limited partnership ("Declarant") <br />and CITY OF REDWOOD CITY, a charter city and municipal corporation in the State of California <br />(the <br />RECITALS: <br />A. Pursuant to Section 24 of the Code of Federal Regulations, Part 92 for the HOME <br />Investment Partnership Program (the "HOME Program"), the City made a loan to KDF Hallmark, <br />L.P., a California limited partnership ("Original Declarant") of monies granted to it under the <br />HOME Program in the original principal amount of Five Hundred Thousand Dollars ($500,000) <br />(the "HOME Loan") as evidenced by the Loan Documents (defined below). The Redevelopment <br />Agency of the City of Redwood City (the "Agency") made a loan to the Original Declarant in the <br />original principal amount of One Hundred Fifty Thousand Dollars ($150,000) as evidenced by the <br />Loan Documents (the "RDA Loan", and together with the HOME Loan, the "Loans"). <br />B. The Loans were made in connection with the renovation of Hallmark House <br />Apartments, a 72 -unit apartment complex located at 531 Woodside Road, Redwood City, <br />California, and more fully described in Exhibit A, attached hereto and incorporated by reference. <br />C. The City is the successor agency to the Agency. <br />D. The Loans are evidenced by the following documents: (i) that certain <br />Redevelopment Agency of the City of Redwood City Owner Participation Agreement (Hallmark <br />Apartments Project) by and among the Original Declarant, the City, and the Agency dated <br />December 1, 2003, and recorded in the in the Official Records of San Mateo County, California <br />(the "Official Records") as Document Number 2003-350637 on December 22, 2003 (the "Owner <br />Participation Agreement"); (ii) that certain Promissory Note by Original Declarant dated <br />December 22, 2003, in the orignal principal amount of Six Hundred Fifty Thouand Dollars <br />REV: 03-27-2020 PR <br />ATfY/AGR.Amend No. 1/KDF Communities (Page 1 of 9) 170 <br />