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<br />RECORDING REQUESTED BY <br />AND WHEN RECORDED MAIL TO: <br /> <br />CITY OF REDWOOD CITY <br />1017 MIDDLEFIELD ROAD <br />BOX 391 <br />REDWOOD CITY, CALIFORNIA 94064 <br />ATTN: Housing Coordinator <br /> <br />Escrow No. 3099998 <br /> <br />(Space Above Provided For Recorder) <br />Section 27383 <br /> <br />) <br />) <br />) <br />) <br />) <br />) <br />) <br />) <br />) <br /> <br />2008-094149 <br /> <br />12:42pm 08/18/08 DR Fee: NO FEE <br />Count of pages 9 <br />Recorded in Official Records <br />County of San Mateo <br />Warren Slocum <br />Assessor-County Clerk-Recorder <br /> <br />1111\111\1\1111\\ 11\1\ \11\\ 11\\\ 111111111111111111\\ 11111 1111\\ 111111111111 <br /> <br />* 200 800 9 4 1 4 9 A R * <br /> <br />Exempt from Recording Fees under Govt. Code <br /> <br />pECLARA TION OF AFFORDABILlTY COVENANTS <br /> <br />96 Buckingham Avenue <br /> <br />:) <br />THIS DECLARATION OF AFFORDABILlTY COVENANTS (this ~\ <br />"Declaration") is made on August 13 , 2008, by SERVICE LEAGUE <br />OF SAN MATEO COUNTY ("Declarant") with respect to certain property located <br />at 96 Buckingham Avenue in the unincorporated area of the City of Redwood <br />City, County of San Mateo, California, as more fully described in Exhibit "A" <br />attached hereto and incorporated herein by this reference (the "Property"). <br /> <br />NOW THEREFORE, Service League of San Mateo County, a non-profit <br />corporation, declares that the Property described above is held and will be held, <br />transferred, encumbered, used, sold, conveyed, leased and occupied subject to <br />the covenants, restrictions and limitations set forth in this Declaration. All of the <br />restrictions, covenants and limitations will run with the land and will be binding on <br />all parties having or acquiring any right, title or interest in the Property described <br />above or any part thereof, and to any improvements located thereon, and will <br />inure to the benefit of the City and the future lessees of the Property. Each <br />grantee of a conveyance or purchaser under a contract or agreement of sale <br />covering any right, title or interest in any part of the Property, by accepting a <br />deed or a contract of sale or agreement of purchase, accepts the property <br />subject to, and agrees to be bound by, any and all of the restrictions, covenants <br />and limitations set forth in this Declaration. <br /> <br />1. Recitals. The recitals set forth above are true and correct and <br />incorporated herein by this reference. <br /> <br />2. Affordabilitv Covenants. Declarant covenants that the entire dwelling <br />containing 6 beds, or one hundred percent (100%) of the transitional housing <br />beds developed on the Property (singularly, an "Affordable Bed," and collectively, <br />the "Affordable Beds") shall be maintained affordable as follows (the <br />"Affordability Covenants"): <br /> <br />ATTY/AGR/2008.072 <br />081108 <br />