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6. 1. D. - Page 39 <br />RECORDING REQUESTED BY <br />AND WHEN RECORDED MAIL TO <br />CITY OF REDWOOD CITY <br />1017 MIDDLEFIELD ROAD <br />BOX 391 <br />REDWOOD CITY, CALIFORNIA 94064 <br />ATTN: <br />(Space Above Provided For Recorder) <br />Exempt from Recording Fees under Govt, Code Section 27383 <br />RESALE RESTRICTION AGREEMENT AND OPTION TO PURCHASE <br />Owner: <br />Property Address: <br />Unit: <br />THIS RESALE RESTRICTION AGREEMENT AND OPTION TO PURCHASE <br />(this "Resale Agreement ") is entered into as of this day of <br />20_, by and between the City of Redwood City, a municipal corporation of the State of <br />California, (the "City') and ( "Owner), <br />RECITALS <br />WHEREAS, the Planning Commission for the City of Redwood City (the <br />"Planning Commission ") previously approved a Zoning Map Amendment, Precise Plan <br />and Planned Community Development Permit for the development of a forty -three (43)- <br />unit four (4)- to five (5) -story condominium project (the "Project ") an the certain real <br />property located at 885 Woodside Drive within the City (the "Property "); and <br />WHEREAS, pursuant to the terms and conditions of the Precise Plan, as <br />approved by the Planning Commission and the City Council for the City of Redwood <br />City, a minimum of fifteen percent (15 %) of the total number of residential units <br />proposed shall be affordable to very -low, low or moderate- income households based on <br />the County of San Mateo median income; and <br />WHEREAS, in accordance with the Precise Plan, a minimum of fifteen percent <br />(15 %) of the condominium units, each containing one (1) bedroom and one (1) <br />bathroom, have been reserved for purchase and occupation at affordable housing cost <br />to families of low or moderate income, as those terms are defined under Health and <br />ATTYIAGR /2010, MaResale Restriction Agr <br />09/27/10 <br />