RecDoc 2026-002924 Development Agreement 901 El Camino Real

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projects implemented by the City; and (2) to eligible households that live (or have ever lived), work or have been offered work in the City of Redwood City. The preferences set forth in the immediately preceding sentence are required by law. Section 2.5 Condominium Conversion. The Affordable Developer shall not convert any of the Affordable Units to condominium or cooperative ownership or sell condominium or cooperative conversion rights to the Affordable Development. Section 2.6 Units Available to the Disabled. To the extent such laws are applicable to the Property, Affordable Developer shall construct and maintain the Affordable Development to comply with all applicable federal and state disabled persons accessibility requirements including the Federal Fair Housing Act, Section 504 of the Rehabilitation Act of 1973, Title II and/or Title III of the Americans with Disabilities Act of 1990, and Title 24 of the California Code of Regulations. Section 2.7 Lease Provisions. The Affordable Developer shall include in leases for all Affordable Units provisions which authorize the Affordable Developer to immediately terminate the tenancy of any household one or more of whose members misrepresented any fact material to the household's qualification as, a Very Low Income Household or Low Income Household, as applicable. Each lease or rental agreement shall also provide that the household is subject to annual certification in accordance with Section 3.1 below, and that, if the household's income increases above the applicable limits for a Very Low Income Household or Low Income Household, as applicable, such household's Rent may be subject to increase. ARTICLE 3 INCOME CERTIFICATION AND REPORTING Section 3.1 Income Certification. The Affordable Developer will obtain, and complete, as a condition to initial occupancy and maintain on file annually thereafter, income certifications from each Resident renting any of the Affordable Units. The Affordable Developer shall make a good faith effort to verify that the income provided by all applicants or Residents (for all adults age eighteen (18) or older) is accurate by collecting certifications for all sources of income in accordance with the Affordable Housing Program Guidelines. Copies of Resident income certifications shall be available to the City upon request. Section 3.2 Reporting and Audits. The Affordable Developer shall submit to the City, not later than the sixtieth (60th) day after the close of each calendar year after the completion of the Affordable Development, a compliance report, in a form approved by the City, summarizing the income information of each Resident and occupancy status of each Affordable Unit and a report on the status of the waiting list for Affordable Units. In addition, the City or any designated agent or employee of the City at any time shall be entitled to audit all Affordable Developer's books, records (including tenant files), and accounts pertaining solely to the Affordable Units. Such audit shall be conducted during normal business hours, upon at least two (2) business days prior written notice, at the principal place of business of Affordable Developer and other places where records are kept. ATTY/AGR/2025.084/920 SHASTA AFFORDABLE HOUSING LAND DONATION AGREEMENT REV: 10-16-25 VR Exhibit G - 11