Laserfiche WebLink
6.2 <br /> EXH�gP1Pa �7 <br /> Recording requested by, and <br /> when recorded mail to: <br /> City of Redwood City <br /> 1017 Middlefield Road <br /> Redwood City, CA 94063 <br /> Attn: Planning, Housing & <br /> Economic Development <br /> Exempt from Recording Fees Space Above This tine For Recorder's Use Only <br /> pursuant to Government Code Sec. 27383 <br /> APNs: oss-os�-2ao <br /> AFFORDABLE HOUSING COVENANT <br /> [Including Option to Repurchase Provisions] <br /> This Affordable Housing Covenant ("Covenant") dated for reference purposes as <br /> of , 2010 is entered into between THE CITY OF REDWOOD CITY, a <br /> municipal corporation (the "City") and , a California <br /> non-profit organization ("Owner"). <br /> RECITALS <br /> A. The City is working with the Redevelopment Agency of the City of <br /> Redwood City (the "Agency") to create affordable rental housing opportunities for <br /> persons and families of low income. The City previously provided Community <br /> Development Block Grant (CDBG) funds to help rehabilitate that certain parcel of real <br /> property (the "Site") legally described on Exhibit A attached hereto and incorporated <br /> herein by reference, consisting of Seven (7) multifamily residential units (collectively, the <br /> "AfFordable Units"), to be available at an affordable rent to persons and families of low <br /> income levels (the "Housing Project"). In order to prevent the Site from being sold in <br /> foreclosure proceedings, the City acquired the Site in 1995 and has maintained it as <br /> affordable housing. <br /> B. Pursuant to that certain Purchase and Sale Agreement between City and <br /> Owner, dated , 2010, the Owner will acquire the Site from the City, for <br /> the purpose of continuing the operation of the Affordable Units on the Site. <br /> Page 1 <br /> 824R3.00000\ 5570532.4 <br /> ATTY/AGF/2010.120 EXHTBIT C <br /> 1d3010 <br />