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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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6. 1. D. - Page 37 <br />Planning, Housing and Economic <br />Development Department <br />1017 Middlefield Road <br />PO Box 391 <br />Redwood City, CA 94064 <br />September 27, 2010 <br />VIA U.S. MAIL AND FACSIMILE <br />Nicholson -Lamb Venture L,P, <br />1152 El Camino Real <br />Menlo Park, CA 94025 <br />Attn: Randy Lamb <br />Facsimile. (650) 326 -1661 <br />Phone (650) 784.7234 <br />Fax (650) 780 -0128 <br />TDD (650) 780 -0129 <br />hltp J ed <br />Re: 885 Woodside Road, Redwood City, California (the "Pr°perty °) <br />Reference is made to that certain Declaration of Affordability Covenants by Nicholson -Lamb <br />Venture, L.P., a California limited partnership ( " Declarant "), dated June 4, 2009 and <br />recorded in the Official Records of San Mateo County on June 11, 2009 as Document No. <br />2009 - 076594 (the " Declaration "), Initially capitalized terms used herein and not defined shall <br />have the meaning ascribed to them in the Declaration, <br />The third recital of the Declaration, incorporated by reference pursuant to Section 1.01 of the <br />Declaration, states: <br />"Declarant, in accordance with the Precise Plan, shall reserve a minimum of fifteen <br />percent (15 %) of the condominium units, each containing one (1) bedroom and one <br />(1) bathroom and each consisting of approximately six hundred fifty square feet (650 <br />sf) to approximately one thousand (1000 sf) for purchase and occupation at <br />affordable housing cost to families of low or moderate - income, as those terms are <br />defined under Health and Safety Code sections 50052.5 and 50093, respectively <br />(each, an "Affordable Unit" and collectively, the "Affordable Units ") for a period of <br />forty -five (45 years)" (the " BMR O bli ation "), <br />The undersigned parties hereby certify as follows with regard to the Declaration and the <br />BMR Obligation: <br />1. The Declaration was executed and recorded prior to construction of the Project. <br />An Equal Opportunfty l Equal Access Program dedicated to opening the doors of equal opportunity <br />to all residents and users of Redwood City programs, services and facilities. <br />
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