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AgdaPkt 2011-10-10
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AgdaPkt 2011-10-10
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Last modified
9/23/2013 10:29:37 AM
Creation date
10/6/2011 2:22:42 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
10/10/2011
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6.1.E. - Page 11 <br /> ; <br /> ii) Totel number of Af►arcJebl� Ur�its thgt are ooc�p��d; � <br /> 111) To�a!num�er of A�orde�lr�Units th�t are vscen#; ' <br /> � <br /> Iv) A certlfled rent roll f�a'AfFarrlable Unii°a�ntalr��ng the uni#numbers. <br /> the lesse commencement and ex�iretion d�tties,tf�e numbers af bedrooms ' <br /> ar�ba�rooms wi�hlR the r�er�ted At�ordehle uNts,the rental rete for each # <br /> rer�ed Aifordable ur�lt,snd indic�t�ng whlch units are re�I as qift�r+de�ble <br /> UNte� <br /> v) For each Affonfable Ur�it,the urdt size, houaehald aizs,househald <br /> inr,ome,fncame Iimlbs for a QualYying�essae, Meximum Affondable Rents <br /> far a Q�aliiying Lessee�utlllty ellowance,and total mahth�+tght, <br /> vi) Evidence that the Ntcome fior each tenant of�r�p�'��b�e Uhit does <br /> not exceed ths max�mum income for a Qua�ffyinB�essee, <br /> �I�Y <br /> Owne p� - <br /> � 5,01. ' o i � • Te d . <br /> usal. <br /> The Gityr agrees t�at other than as specificae�lly sef forfh herein the Pro <br /> � ject, which <br /> has �n mapped for condomirnum {�urpoaes, shaA not be subJect �o, and shaf� be <br /> �pedflcally exduded frnm, any exfstln� or fule�r�oondl6tor��, prohibl�ion or moratoriurn by <br /> the Cny on�he eale of exlst�n�rental hcusing as can�aminiuma. • • <br /> Ar�y ter�a�t wha lawfully res�de$m a rental unit withln the ProJect sha�l be given at <br /> least ninety (90) deys writt�n r�odoe of Ormer's u�ntian fio sell the rer�l unit ba t#�e <br /> gener�l pubEic and of such tenant's r�ght of fiir�t reiusai to pur�chase hfs or ha�'renta� unit <br /> upor� the sam� terms arrd �ndl�ons thef the unit will ba ini�ally offered tn the general <br /> pubAc or #erms and conditions rnons fevor�ble fio the tener�, afl pure�ant � and !n <br /> accordanve with the provisions at Gc�remrr_�rrt Cade sec�on 664a9 and Reolwood Ci�r <br /> Municipal Cade section 30.'�37.C.2.� t�rough c. Such �a�ioe s�all be given person�lly� <br /> where pnssff�le� at�a!in wrjtfr�9(b3+c�r�fied mailj. ' <br /> Upon the initial sale oF an A1Y+�r�da�la Unit as an owner-accupfed unf� th� }�en�r <br /> Affardab�ity Covenants Terrrt eppltcable i+n tl�at Af�atdable Unft shell g�ire �nd fhe <br /> Owner-0ocupied Affqrdabilfty Covenarits Term s�all oomment;e fnr that Aftpndab�e Unit. <br /> Prior to the sale of each Afforc�a6le Unit to a Qua�l6ec! B�yar, QiM1iER shall �nsdr�e that <br /> each Quel�fled Buysr has entered in#o a Resele R�astridlon Agreament an� Optlon fo <br /> Purchase wHh the City !n substantiaUy #he same �tm, as de#erm�ned by the C�r, as � <br /> Fad�ibit "C" attached her�to and Incorporated henaln by ti�ls refe�ence (the "Res�ls <br /> Restrictlon,�reemenY'). <br /> SeCtlon 5.02, er i <br /> du�ing fhe Owner-0ocapled A�fordabllHy Cowenar�ts Term. OWNER and Its helrs, <br /> executers, adminlatra#ars, su�oors, trans�ere�s, ar�d assignees� carrenaM �et the <br /> Af�andable Units s�all he rr�ir�tain� ss f�llows (fhe 'pr�mer-Qocu�ied ,qfFordabiAty <br /> 8 <br />
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