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Agmt99 Shea Homes
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Agmt99 Shea Homes
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Last modified
6/21/2016 9:43:00 AM
Creation date
9/8/2003 1:16:13 PM
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Template:
Agreement
Contractor Name
Shea Homes Limited Partnership
PROJECT NAME
DDA - Disposition and Development Franklin Street Project
RMP File Number
100
Date
10/28/1999
Reso Ref
RD-99-31
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EXHIBIT E <br /> <br />SCHEDULE OF EQUITY SHARING <br /> <br /> Excess Proceeds from the sale ora Restrict Housing Unit to a Non-Eligible <br />Household shall be divided be~'een the Owner and the Agency as follows: <br /> <br />Length of Occupancy by <br />Owner of Restricted <br />Housing Unit <br /> <br />Equity Share to Agency <br />(% of Excess Proceeds) <br /> <br />Equity Share to Owner <br />(% of Excess Proceeds) <br /> <br />Upto 5 years ' 50% 50% <br />5 yea~ - lO year~ ~.0% 60% <br />10 yea~ - 15 year~ 30% 70% <br />15 year~ - 20 year~ 20% 80% <br />20 yea~ - 25 year~ 10% 90% <br />After 25 year~ 0% 100% <br /> <br />wc-33569 <br /> <br /> <br />
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