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AgdaPkt 2011-09-19
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AgdaPkt 2011-09-19
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Last modified
9/20/2011 12:47:48 PM
Creation date
9/15/2011 4:47:59 PM
Metadata
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Redevelopment Agency
Date
9/19/2011
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f � <br />6. 1. D. - Page 7 <br />the City in its sole discretion and current income information such as wage <br />statements, to substantiate that the prospective purchaser meets the eligibility <br />requirements of Qualified Buyers. In the event the City is unable to make a <br />determination that a prospective buyer is a Qualified Buyer based upon the <br />information provided, the prospective purchaser shall be determined not to meet <br />the requirements of Qualified Buyers and shall be disqualified from purchase." <br />{c} The form of Resale Restriction Agreement attached hereto as Exhibit B <br />shall be added to the Original Declaration as Exhibit "B," <br />2. Capitalized Terms. Capitalized terms not defined in this Amendment shall have <br />the meaning given,to them in the Original De'elaration. <br />3. Ratification The City and .Declarant acknowledge and agree that the Original <br />Declaration, except as amended herein, remains unmodified and in full force and effect in <br />accordance with its terms. <br />4. Counterparts This Amendment may be executed in counterparts, each of which <br />shall, irrespective of the date of its execution and delivery, be deemed an original, and the <br />counterparts together shall constitute one and the same instrument. <br />5. Interpretation As used in this Amendment, masculine, feminine or neuter gender <br />and the singular or plural number shall each be deemed to include the others where and when the <br />context so dictates. The word "including" shall be constructed as if followed by the words <br />"without limitation." This Amendment shall be interpreted as though prepared jointly by both <br />parties. <br />IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first <br />above - written. <br />DECLARANT <br />885 WOODSIDE RD LLC, a Delaware <br />limited liability company <br />CITY <br />CITY OF REDWOOD CITY, a charter city <br />and municipal corporation of the State of <br />California <br />By: DAIWA HOUSE CALIFORNIA, a <br />California corporation, its manage <br />N <br />Robert B. Bell, City Manager <br />[Signatut - e must be notarizedi] <br />Title: <br />ISignatut•e must be notarized] <br />ATT'ES'T: <br />Silvia Vonderlinden, City Clerk <br />ATT YIAGR120111AMENDMENTSIAMENDMENT NO.1 TO AFFORDABLE HOUSING DOC 885 WOOD8IDE <br />090111 <br />4 <br />
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