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6.1.E. - Page 28 <br /> RECC7RDING REQUESTED BY ) <br /> AND WH�N REC(3RDED MAII�TO: ) <br /> ) <br /> crrY oF R�owood c�nr ) <br /> 1017 MIDQLEFfELt7 R{7RD � <br /> eox 391 } <br /> R�DWOOD C1TY,CALIF�RN#A �406� ) <br /> ATrn�: CDBGIHOME AoMi�visraaro� } <br /> ) <br /> (Space Above Provided For Recorder) Exer►}pt trom Recarding Fees under Govt.C�e Se�tlon 27383 <br /> RESALE RESTR�CTION AGREEM�NT AND r7PTtON T� PURCHASE <br /> Owr�er: <br /> Property Address; <br /> Unit: <br /> THlS RESALE RESTRICTlON AGREEMENT AND QpTfQN TO PURCHASE <br /> {this "Resale Restrictinn Agreement") is entered into as of this c�ay �� <br /> , 20_, by ar�d between the City of Redwuod City, a municipal <br /> cr�rporation c�f the State of California, (the "City�) anc� <br /> ��ow��r��. <br /> RECITALS <br /> WNEREAS, the City previously appraved a vesting tentative map and a planner� <br /> community permit (colleetively, ti�e "Praject Approvals„) for fhe constr�uct6on af a one <br /> hundred and thirty-two {132) unit common interest deve�opment (the "Project�) on that <br /> cer#ain real property located at 333 Main Street witF�i� the City(the nProperty"); and <br /> WHEREAS, pursuar�t to the terms and conditions of #he Affordable Housing <br /> Agreement executed by 333 Main Street RWC, LLC ("Developer"} ar�d the Cfty on or <br /> abaut September,�, 2Q11, a minim�m ot seventeen {17) residential dwelfing units in <br /> the Project sF�a1! be a�ailab[� at affordable rents to lower and moderate�ina�me <br /> househafds based on the Caunty of San Mateo median incame, and shall E� reserved <br /> for p�rcF�ase and occupatio� at afFordable �ousin� cost to hauseholds of moderate <br /> incame, as tha# term is defined under Health ar�d Safety Cade secfiion 5Q093 (each, an <br /> "Affordable Unit� and collectively, the "Affardable Units") tor a periad of for#y-f�ve (45} <br /> years; and <br /> WHEREAS, Owr�ee is a Qualified Buyer, as that term is �ereinafter defin�l, and <br /> thes�eby e�igi�le to occupy an Ntfordable Unit; and <br />