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EXHIBIT "G" <br />DECLARATION OF REDEVELOPMENT COVENANTS <br />RECORDING REQUESTED BY <br />AND WHEN RECORDED MAIL TO: <br />Redevelopment Agency of the <br />City of Redwood City <br />P.O. Box 391 <br />Redwood City, CA 94064 <br />Attn: Redevelopment Director <br />(Space Above for Recorder's Use) <br />DECLARATION OF REDEVELOPMENT COVENANTS <br />THIS DECLARATION OF REDEVELOPMENT COVENANTS (this <br />"Declaration ") is made on , 200 , by MP REDWOOD <br />COURT ASSOCIATES, a California limited partnership ( "Declarant ") <br />with respect to certain property located in the City of Redwood <br />City, County of , California, as more fully described <br />in Exhibit "A" attached hereto and incorporated herein by this <br />reference (the "Property "). <br />Property; <br />WHEREAS, The Declarant is the fee simple owner of the <br />WHEREAS, The Declarant and the Redevelopment Agency of <br />the City of Redwood City (the "Agency ") have entered into that <br />certain Owner Participation Agreement dated as of , <br />, 2003 and recorded in the Official Records of San Mateo County <br />as Document No. (the "OPA ") with respect to the <br />Declarant's rehabilitation of the Property; <br />WHEREAS, Pursuant to the terms and conditions of the <br />OPA, and in return for the Agency's financial assistance in <br />connection with the rehabilitation of the Property, the Declarant <br />has agreed to rehabilitate the property so as to maintain it as a <br />27 unit apartment complex and to impose certain covenants on the <br />Property and the apartment complex thereupon; and <br />WHEREAS, The Declarant desires this Declaration to serve <br />as the instrument to impose said covenants. <br />NOW THEREFORE, the Declarant declares that the Property <br />described above is held and will be held, transferred, encumbered, <br />G - 1 <br />