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RecDoc 2012-101618
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RecDoc 2012-101618
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Last modified
4/22/2015 9:14:31 AM
Creation date
8/2/2012 1:51:12 PM
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Template:
Recorded Docs
Recorded Docs - Type
Agreement
Subject
Affordable Housing Agreement
Doc Num
2012-101618
Rec Date
7/19/2012
APN
059-162-090-1
Address
2580 ElCamino Real
Parties
Urban Housing Redwood City, LLC
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EXHIBIT C <br /> RESALE RESTRICTION AGREEMENT <br /> RECORDING REQUESTED BY ) <br /> AND WHEN RECORDED MAIL TO: ) <br /> ) <br /> City of Redwood City ) <br /> 1017 Middlefield Road ) <br /> Box 391 ) <br /> Redwood City, California 94064 ) <br /> Attn: City Clerk ) <br /> ) <br /> (Space Above Provided For Recorder) Exempt from Recording Fees under Govt. Code Section 27383 <br /> RESALE AND REFINANCE RESTRICTION AGREEMENT <br /> AND <br /> OPTION TO PURCHASE <br /> Owner: <br /> Property Address: <br /> Unit: <br /> THIS RESALE RESTRICTION AGREEMENT AND OPTION TO PURCHASE <br /> (this "Agreement") is entered into as of , 20_, by and between the City <br /> of Redwood City, a municipal corporation of the State of California, (the "City") and <br /> ("Owner"). <br /> RECITALS <br /> A. Owner is the owner of that certain real property in the City of Redwood <br /> City, County of San Mateo, California (the "City") located at 2580 EI Camino Real, Unit <br /> , as more fully described in Exhibit A attached hereto and incorporated herein by <br /> this reference (the "Affordable UniY'). <br /> B. The Planning Commission for the City of Redwood City approved a <br /> Planned Development Permit and Modification of Parking Requirement and Vesting <br /> Tentative Map for the development of the 2580 EI Camino Real Residential Project, <br /> which approvals were upheld by the City Council (the "ProjecY'), which required that <br /> certain units in the Project, including the Affordable Unit, be sold to eligible households <br /> at an affordable housing cost. <br /> Page 14 of 31 <br />
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