|
.. . . .................. . . .... .. .................
<br />�IT1' OF REt1WQflD CITY
<br />.... ... .. . ... ... ... . ........ .. . ... . .. ... . ....... .... . .... ... .... ...... ... ..
<br />SHM-RED APPRECIATION SQUITY PARTICIPATION DISCLOSURE STATEMENT
<br />. . ..... .... . ......... .. . ............ ....... . ........... ......
<br />................ ........ ........ . ........ . . ......... ... .... ...... ........... .. ... ........ . ..... ........ ... .
<br />yq�ipp --- - ------
<br />Et o I ro wi e (OYP a ttl o 1 p a nis Maritza Techioi and Pablo Ordonez -
<br />140 . . . .. ...... ...... ..
<br />Property Address . .... ... Ae Avenue
<br />Cost of Dwelling - applied iov�;aFds shared appreciation o0loulation . . ... . ........... . . ...... ....... ........
<br />Base purchase P11Ce of Dtrt)e I I i n 9
<br />$a4a'000
<br />C I osi o 9 costs (exol u des re cu ra n g. oasts) $7,=
<br />Cost -of Dwelling - Price applied towards equity participation
<br />Down payment assistanoe provided
<br />Grass dollars provided by WC Redevelopment $100.000
<br />LoanfAgen oy proportion contribution as % 28.760%
<br />Shared appreoi atio n mu Itipi e fo r 1i rd five Veers of loan . a
<br />Minimum, shared appreciation multipl e after five
<br />years with $0 loan ibialanot 0.667
<br />Shared appreciation factor up to year and through year five [f)]
<br />43.143%
<br />.... ........ ......................
<br />.............
<br />..Sh...a....r..ed....a...pK�ql.a...ti on factor r after year f ive with $0 1 oan bal anoe
<br />. .. . 19-177
<br />...... .... .. ................... ...... . . ............... .........
<br />.. .......................... ...............
<br />.. . ......... ...............
<br />The followirip schedule derrionsttatesthe amount of shared appreciation yourequired to participate In if your ........ .................
<br />liar, was paid *4 on ai4_en-1y ....... ... year am...o i ebasis'
<br />, loan re..p..aymentoutd commence In year Six-
<br />. ......... ........... ............... . ..........
<br />. . ................. .. .. ....... ..... . ...
<br />-
<br />..... . .................... ... ....... ... ......... . -_NO.,.T.E...... . ..... ...
<br />... ...F...O... R.GAVWN6T2 ----------- for eli. 't - - ------ ------ - --- ...... . .. ........... ......
<br />....... . .
<br />Shared Shared Shared Shared
<br />for all no n- E! 1i g ibi e pa rti ei pants
<br />Pri noi pW ApPrincipal......
<br />.. . ... . .... ......
<br />.p
<br />... . ...... ?p Frinc! pal P�Prctn �t
<br />. protr Pr n
<br />Year &aIia' n Qe, multiple Factor S,;Ilance Multi pi Factor` To determine the amount o1shafed appreciation you .... . ..............
<br />....................... .....
<br />would be entitled to 5 lit with Redwood i' i kA
<br />........................ ...................
<br />I 10D.00D
<br />1.500
<br />........... ...
<br />43.1 5%
<br />. ....... ... ................
<br />100,000 ,
<br />-----
<br />1.500
<br />- ................... .
<br />43,149 9A
<br />U
<br />V �� x 11 - --
<br />take the fol IokfWn9' steps: ..... ...... .. ......
<br />..........2
<br />1.5Q0
<br />,¢3.1595
<br />10.03000.
<br />fiPp
<br />43.14996
<br />• 3
<br />100,000
<br />1-500
<br />43.15%
<br />.... .......1...
<br />100,000 .
<br />1,500
<br />42.1
<br />Take the price or - value i . n .t. .case
<br />appraised .
<br />. .......
<br />43:.1!.5.%
<br />100.000 ... . .......
<br />11500
<br />.. ........
<br />..431149%
<br />....... .... ........... ..
<br />. -
<br />�Li a fefinanoe
<br />... ...... ... .. -
<br />5
<br />100.000
<br />1506
<br />43.16'k
<br />100.000
<br />1.:5.0-0.
<br />.
<br />-4.3t,14.9,%
<br />.............. I..... ... .... .. ... ...... . ............ .......... ...
<br />[elated
<br />a ted..
<br />t-h-----.c-1-.
<br />ny �...a..
<br />�..3--s-.-.e-.I
<br />(......i......n.o...
<br />S...u b..t.. f.a...
<br />.....
<br />1,480
<br />42.5796
<br />........
<br />87.509
<br />.... ... .......
<br />1,397
<br />....
<br />Q.175%
<br />. ... ..................
<br />zale).1.. ... ....
<br />-7 .........
<br />.............. ..... ........................1.....
<br />95102
<br />1..............
<br />4197%
<br />75,102
<br />.....................
<br />1.29-
<br />37180Subtractany
<br />..........................................
<br />-
<br />.....
<br />-..-..
<br />-...--.....a
<br />capital imrbvementwhioh are..-...
<br />. .Ie .�...e. . .... ...
<br />8
<br />92,504
<br />1-43a
<br />4I
<br />02.604
<br />1.188
<br />34,161%
<br />.s....-.-.c.-I-.-. .......... ...........
<br />documented and oirer$20.
<br />,
<br />..........
<br />.... ........
<br />.
<br />... ... . ..
<br />..... ..... .......
<br />.... . .......
<br />.-..f
<br />.I.
<br />. ... .& .o..t..a. . ..........
<br />.F3qiralbaFe Price dem
<br />....... ....as...o;ate
<br />..
<br />nd
<br />sf
<br />16
<br />above at the time of purchase
<br />--1.1-1.. .
<br />.... 11
<br />.........
<br />84.07.
<br />.......... .
<br />1367
<br />.....I...........
<br />39.33%
<br />.. 40%
<br />.......
<br />YRu iinRwskejh ti d.
<br />his
<br />12
<br />el.035
<br />1,342
<br />38.00%
<br />11.035
<br />0158
<br />21.822%
<br />d tmards figuring outyour gross profit before you
<br />. . ..... . .. 1 '
<br />77187-5.....-1-1'31
<br />37.q!�!� .. .
<br />. ............
<br />...ozee
<br />110.177%
<br />split Pic o -e js with the.Crg.y.-,
<br />L -14
<br />74,689
<br />1288
<br />37.00%
<br />6.666
<br />. . .................................. .... ... ........ ...
<br />If you u have not accelerated your mortgage
<br />16
<br />71 L171 ,
<br />1.260
<br />38.24% .
<br />. .............. .... a
<br />0.866
<br />19-177%
<br />payments on the second [oan, you gen
<br />7 y
<br />1.230
<br />35,09%
<br />Q
<br />0:666
<br />.approximate
<br />hour ptofitz;p I it. by matching th e year of sale W Rh the......
<br />17
<br />63,920
<br />1.19D
<br />4.5
<br />3 0
<br />.19.177%
<br />. ..... ................. ... ..... ......
<br />Fharel appseciation ia0w.
<br />IS
<br />60
<br />...... . ............
<br />0,666
<br />19.177%
<br />Multip.lythe shared appreciation factor by youfgross
<br />19
<br />56 Oje
<br />1-'i 4
<br />3
<br />02-02i
<br />14A77%
<br />C�Aloulatior.S. the number
<br />p Wit fro rn ih e above you
<br />pi'm
<br />1_.099
<br />11..G2%.
<br />0..:
<br />yield from this calculation I atioris the d 0 liar amount you,,,,,,,,..,
<br />9U
<br />-.21
<br />47.595
<br />.1
<br />..
<br />.... .......... ... 0
<br />will need to provide the City, at the time you sell or
<br />22.
<br />4�As
<br />1.026
<br />29 •.51%
<br />0
<br />11--, 111111-1-6
<br />-0-60B
<br />19177%
<br />refinance your Vfop�lt Y:.. !..
<br />23
<br />n, 42 0
<br />0.66�
<br />�6.jiD.
<br />0.86619-177%
<br />, .. L ... . .1 ............ . ..
<br />. ... . ... . .... . ......
<br />24
<br />33,566
<br />0-946
<br />27.22%
<br />0
<br />0.868
<br />19.177%
<br />..
<br />25
<br />28,40
<br />0,904
<br />26.01%
<br />0
<br />0-865
<br />19,177%
<br />.. ............. . .. . .. ...... . ...... i
<br />24.75%.
<br />O
<br />0.856
<br />19,177%
<br />BorrowerDated
<br />27
<br />17.7134
<br />0,815
<br />2344%
<br />0
<br />0,6156
<br />19,1779%
<br />2Z.
<br />1.2.073
<br />0.767
<br />22.07%
<br />0
<br />0.666
<br />19.177%
<br />.-.29
<br />6,155
<br />0.718
<br />20.65%
<br />0
<br />0.666
<br />19.1770A
<br />Co -Borrower Dated
<br />0
<br />0.666
<br />19.18%
<br />0
<br />0.666
<br />19.477%
<br />Shared appreciation agreement - Redwood City First Time Homebuyer Silent Loar, Program September 25.2D00
<br />Pape 5
<br />Redwood City First Time Homebuyer Silent Loan Program - Shared appreciation agreement April 23, 2001
<br />Page 5
<br />i1uiiur�ii��Iir
<br />ii�iii�iijmu
<br />III j 1111111111111111 Z002-- -- 0-7a-7 aIE3
<br />04716/2002 08 OOA
<br />M Page 14 cf 20
<br />
|