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<br /> <br />ATTACHMEII <br /> <br />~ <br /> <br />6.1G <br />Page 18 <br /> <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 />A~: ) <br />) <br /> <br />(Space Above Provided For Recorder) Exempt from Recording Fees under Govt. Code Section 27383 <br /> <br />RESALE RESTRICTION AGREEMENT AND OPTION TO PURCHASE <br /> <br />Owner: <br /> <br />Property Address: <br /> <br />Unit: <br /> <br />THIS RESALE RESTRICTION AGREEMENT AND OPTION TO PURCHASE <br />(this "Resale AgreementJl) is entered into as of this day of , <br />200_, by and between the City of Redwood City, a municipal corporation of the State of <br />California, (the .'City") and ("Owner"). <br /> <br />RECITALS <br /> <br />WHEREAS, the Planning Commiss'ion for the City of Redwood City (the <br />"Planning Commission") previously approved a Zoning Map Amendme'nt, Precise Plan <br />and Planned Community Development Permit for the development of a forty-three (43)- <br />unit four (4)- to five (5)-story condominium project (the "Project") on the certain real <br />property located at 885 Woodside Road within the City (the "Property"); and <br /> <br />WHEREAS, pursuant to the terms and conditions of the Precise Plan, as <br />approved by the Planning Commission and the City Council for the City of Redwood <br />City, a minimum of fifteen percent (150/0) 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 />(150/0) 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\023-2.00c <br />11/24/08 730 HvT <br /> <br />1 <br />