Laserfiche WebLink
EXHIBIT B <br />FORM OF ASSIGNMENT AND ASSUMPTION AGREEMENT <br />RECORDING REQUESTED BY <br />AND WHEN RECORDED MAIL TO: <br />City of Redwood City <br />1017 Middlefield Road <br />Redwood City, CA 94063 <br />Attention: City Clerk <br />NO FEE FOR RECORDING PURSUANT <br />TO GOVERNMENT CODE <br />SECTIONS 6103 AND 27383 <br />APN: <br />(Space above for Recorder's Use) <br />This Agreement is recorded at the request <br />and for the benefit of the City of Redwood <br />City and is exempt from the payment of a <br />recording fee pursuant to Government Code <br />Sections 27383. <br />ASSIGNMENT AND ASSUMPTION AGREEMENT <br />This Assignment and Assumption Agreement (this "Agreement") is entered into as of <br />20 , by and Eden Housing Inc., a California nonprofit public benefit <br />corporation (the "Assignor"), and , a (the "Assignee") with <br />the acknowledgement of the City of Redwood City, a California charter city (the "City"). <br />RECITALS <br />A. Assignor previously entered into that certain Affordable Housing Restrictive <br />Covenant Agreement, dated as of _, 20_ (the "Restrictive Covenant Agreement") <br />under which the Assignor agreed to restrict the property located at 847 Woodside Road, Redwood <br />City, County of San Mateo, State of California, as more particularly described in Exhibit "A" <br />attached hereto and incorporated herein by this reference (the "Affordable Site"), to develop, <br />construct and operate approximately seventy-one (71) affordable residential units and one <br />unrestricted manager's unit (the "Affordable Development"). <br />ATTY/AGR/2024.193.1— AFFORDABLE HOUSING LAND DONATION AGREEMENT— EXHIBIT G — RESTRiCTIVF COVENANTS AGR <br />REV: 10-22-24 VR <br />Page 31 of 41 <br />