Laserfiche WebLink
<br />78 <br />Page 17 <br /> <br />EXHI BIT B <br /> <br />CITY OF REDWOOD CITY <br />1017 MIDDLEFIELD ROAD <br />BOX 391 <br />REDWOOD CITY, CALIFORNIA 94064 <br />ATTN: <br /> <br />) <br />) <br />) <br />) <br />) <br />) <br />) <br />) <br />) <br /> <br />,".'~~:"~;:::;':::. <br />,:',~:'i::.~.:::::j: <br />:. ~:i:::'::.''':::' <br />.~~~~~:~!~~}!. t:'>' ," <br /> <br />RECORDING REQUESTED BY <br />AND WHEN RECORDED MAIL TO: <br /> <br />(Space Above Provided For Recorder) Exempt from Recording.,:F.;~)tq,-,r Govt. Code Section 27383 <br />.\~~ti;~\i;':::" . ::,j~~f.jfil1{(!~1;jh~.:~:: <br /> <br />RESALE RESTRICTION AGREEMENT AND OPTION TOglbRCHASE <br /> <br />Owner: <br /> <br />':ii'l~~~-:-:',:~: <br />"::':'H'z::::. <br />':,.~;g':~~:u.:. . <br />'::":::-:',':'.' <br />':~:':'~:'~.':.. <br /> <br />. :;.A::.~~t~~ <br /> <br />Property Address: <br /> <br />Unit: <br /> <br /> <br />';i~,"~~!:\l~~!~!'\h; <br /> <br />THIS RESALE RESTRICTION':~:'yR .,: .,'r ':"N'fi~~tiP OPTION TO PURCHASE <br />(this "Resale Agreement") is entered inter"" .;: ",. '-IS ""+i~iiittay of , <br />200_. by and between the City of Redwoo.:. " Y, a municipal corporation of the State of <br />C I.~ . (th "C.ty") d .", ("0 ") <br />a hOrnla, e I an ""~~~~~::" wner . <br /> <br />...:....:;...,.. <br /> <br /> <br />REel;ls <br /> <br />,.f~~l~ 'f:l Planning Commission for the City of Redwood City (the <br />"PI.~~~{r Commissf ~1~~~{~previously approved a Zoning Map Amendment, Precise Plan <br />and~"'Qfled Commun. '\';f! ._evelopment Permit for the development of a forty-three (43)- <br />unit foaij~&\i)- to five (5).: condominium project (the "Project") on the certain real <br />property I~~.~ at 885 ":'."":~ side Drive within the City (the IIProperty"); and <br />.:~:~.t:~;;i~:.:w .:.~~~~t~:f~/ <br />WHER~:\. pq.."!:~:;;i;"t to the terms and conditions of the Precise Plan, as <br />approved by the';;iFf: ~.' g Commission and the City Council for the City of Redwood <br />City, a minimum " -;..... ifteen percent (15%) of the total number of residential units <br />proposed shall be affordable to very-low, low or moderate-income households based on <br />the County of San Mateo median income; and . <br /> <br />WHEREAS, in accordance with the Precise Plan, a minimum of fifteen percent <br />(15%) of the condominium units, each containing one (1) bedroom and one (1) <br />bathroom and each consisting of approximately six hundred fifty square feet (650 sf) to <br />approximately one thousand (1000 sf) have been reserved for purchase and occupation <br />REDW\O001 \DOC\023-2.DOC <br />11/24/08730 HvT <br /> <br />1 <br />