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6.1.E. - Page 4 <br /> RECARDlNG REQUESTED�Y <br /> AND WHEN RECQRDED MA�L TO: � <br /> CfTY O�REDWOQD CETY <br /> 'It117 MJDDLEF�E�D ROAD <br /> BOX 391 <br /> R�DWQOD CITY�CALIFORNIA 94Q64 <br /> ATTM:CDBGIHOME Adminlstrator <br /> i <br /> {Space Aba�e Pnovlded�ar Reconde�EaoalnpE iram R�acord#ne Fees und�r�Sar�k.Cod�$�ctlon x7988 � <br /> AFFOR�AB E Neu�ru�p���� � <br /> THIS AFFORDABLE HOUSING AGRE�MEI�I`T("AAreemarrt")i����s� i <br /> 3eptember 22, 2419, by and beiweerf the CITY QF R��WOQD C1TY {the "ClT1r'y and <br /> 333 MAIN S7REET RWC, LLC, � Delaw�r�e Ilmi�ed ifabA' oom n <br /> g �Y pa Y CoWNER'), with <br /> reape�cf to certain re�l property oonststtng af appraocimatefy�wo and three ter�ths of an <br /> acre (2.S aorBS) and located at 333 Main Street Ir� ihe City of RedW�opd Clfy� Cp�rny� <br /> San Ma#�a, CaCrfornia, as more f�,tlly descrlbed in Exhit�it "A" at�ched lterefio artd <br /> incorpora�d herefn by thfs refiesrence(#i�e"Pro�a�rty"). <br /> WHERE+4S, Cali�orn�a Gorrerrrment Code �ction 65�15 (the °DensEty � <br /> Bonus Law") dlre�ts c�es to grant prnrate developer� dens�ly bonuses, �ncsr�tivea and � <br /> conoesslor�s, use of st�tutary vehfclular parking s�indar+ds a�d waivers of cer�alr� I <br /> dev�elopment sf�ndards,tor the produc#ian of be�aw-market-r�be hoUSin�:and <br /> i <br /> WHEREAS, the Clty hes previously aclvp�ed a iVlitigated Na�ative ! <br /> DedereUon pur�uent to the Gel�fnmia�nvironmental Quaif#y Aot end aPProved a Ter�tt�e <br /> Subdivislon Map and e Plar�ned Community Permft pursua�t to the proy�fa��q�c��� <br /> of the Zoning Ordlnen�e of tt�e City (collecth�ely, the ProJeck Approvals") far tha <br /> constnuction of a common ir�fier�st developmerrt, as describ�d by�Sectlon 65995�b�(7)(�1 <br /> of the pensify Bonue L�w. compr�sed of 132 reslde�al uhits, i� a sin�ie structure <br /> oonsisting of four resideMial floars ov�r a partiailya�sce�sed p�kin� garage on #he <br /> Propsrty(the"Projec�');ar�d , <br /> WHEREAS� �WNER hss a�reed to inclttde sever�teen {17'j #�elo�market � <br /> rate hausing untts affardabie fio persons and farr�lles of moderete lncome, cvmpr�sed of � <br /> flve(5)one-bedroom unit�,nfne{9)twabedrocm units, and fhree(3)thre�-bedraom units, <br /> �#elir� S2 bedroc�ms (collec�ively,ttte Affntdable Units and each,an tq{#�able Un1t")in <br /> the ProJe�f�n accordanoe w�th OWNER's Aff�rdable Housing Plan �the y�Flp�appr� <br /> �nd acxepted by tha C�iy aa part of the ProJect Apprrnrals (e copy of the AHP is e#ached <br /> heref�as F�chib�"B"and inoorpora�d her�in hy this reference), and has asked the CI7Y <br /> for a `densih► bonus', a�lawin� OWNER la construct more units tF�ri w�ould be allawed <br /> under the CITY's app�fcable zonlr�p r�quirernents, lwa fncenti�s or oorioesgion$, uye�� <br /> of certain Ctty+development sfand�rds, and apppc�bon of st�tu#ary parkfn� standareiss as <br /> p�'uvided for by the Denslty Banus l.aw;and <br /> � <br />