RecDoc 2011-155321 - Laserfiche WebLink

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♦ � , l i I I ii) Total number of Affordable Units that are occupied; �i . � iii) Total number ofAffordable Units that are vacant; � iv) A certified rent roll for Affordable Units containing the unit numbers, the lease commencement and expiration dates, the numbers of bedrooms and bathrooms within the rented Affordable units, the rental rate for each � rented Affordable unit, and indicating which units are rented as Affordable I Units; i, v) For each Affordable Unit, the unit size, household size, household �i income, income limits for a Qualifying Lessee, Maximum Affordable Rents � for a Qualifying Lessee, utility allowance, and total monthly rent. � � vi) Evidence that the income for each tenant of an Affordable Unit does i not exceed the maximum income for a Qualifying Lessee. I Article V 1 Owner-Occu�ied Affordabilitv Covenants Section 5.01. Transition to Owner-Occuoied Units: Notice to Tenants and Riqht of First Refusal. I The City agrees that other than as specifically set forth herein, the Project, which has been mapped for condominium purposes, shall not be subject to, and shall be ' specifically excluded from, any existing or future conditions, prohibition or moratorium by the City on the sale of existing rental housing as condominiums. ,' Any tenant who lawfully resides in a rental unit within the Project shall be given at � least ninety (90) days written notice of Owner's intention to sell the rental unit to the general public and of such tenanYs right of first refusal to purchase his or her rental unit upon the same terms and conditions that the unit will be initially offered to the general public or terms and conditions more favorable to the tenant, all pursuant to and in � accordance with the provisions of Government Code section 66459 and Redwood City ; Municipal Code section 30.137.C.2.a through c. Such notice shall be given personaily, ' where possible, and in writing (by certified mail). I I Upon the initial sale of an Affordable Unit as an owner-occupied unit, the Rental � Affordability Covenants Term applicabie to that Affordable Unit shall expire and the ' i ' Owner-Occupied Affordability Covenants Term shall commence for that Affordable Unit. � Prior to the sale of each Affordable Unit to a Qualified Buyer, OWNER shail ensure that each Qualified Buyer has entered into a Resale Restriction Agreement and Option to Purchase with the City in substantially the same form, as determined by the City, as . Exhibit "C" attached hereto and incorporated herein by this reference (the "Resale � Restriction AgreemenY'). � Section 5.02. Owner-Occuoied Affordabilitv Covenants. I During the Owner-Occupied Affordability Covenants Term, OWNER and its heirs, I executers, administrators, successors, transferees, and assignees, covenant that the Affordable Units shall be maintained as follows (the "Owner-Occupied Affordability � I $ i i � I