RecD03 2003-350638 - Laserfiche WebLink

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a~T~ O~~() Oar~\)q~ t\~ Ç\i ; o 51- Cllð--d-'ì~ '(\- 9 '" '. 59 - aq - a qö--é).. AFFORDABILITY COVENANTS 2003-350638 RECORDING REQUESTED BY ) 08:00am 12/22/03 AG Fee: 43.00 AND WHEN RECORDED MAIL TO: ) Count of pages 13 Recorded in Official Records ) County of San Mateo Redevelopment Agency of the ) Warren Slocum City of Redwood City ) I ~~l~i~¡Ïlígïlïlìf¡I¡¡I¡í~~~j¡iilíIÏliíll II P.O. Box 391 ) Redwood City, CA 94064 ) Attn: Redevelopment Director ) * 200 3 0 3 5 0 6 3 8 A R * (Space Above for Recorder's use) DECLARATION OF AFFORDABILITY COVENANTS I ~ THIS DECLARATION OF AFFORDABILITY COVENANTS (this JÞ "Declaration") is made on ..lJer"~~b~ ';2..;tNt? 200~, by KDF Hallmark, L. P, a California limited partner ("Declarant") with respect to certain property located in the City of Redwood City, County of San Mateo, California, as more fully described in Exhibit "A" attached hereto and incorporated herein by this reference (the "Property") . WHEREAS, The Declarant is the fee simple owner of the Property¡ WHEREAS, The Declarant the City of Redwood City and the Redevelopment Agency of the City of Redwood City (the "Agency") have entered into that certain Owner Participation Agreement dated as of PEC'Ehß~R.. , ( "'SI, 2003 and recorded in the Official Records of San Mateo County as Document No. O/2.1-joSÐ 20(j.3 - '~~<..3 -:}- (the "OPA" ) with respect to the Declarant's acquisition of the Property¡ WHEREAS, Pursuant to the terms and conditions of the OPA, and in return for the City's and the Agency's financial assistance in connection with the development of the Property, the Declarant has agreed to repair and rehabilitate the Property so as to maintain it as a 72 unit apartment complex and to impose certain affordability covenants on the Property and the apartment complex thereupon¡ and WHEREAS, The Declarant desires this Declaration to serve as the instrument to impose said covenants. 1 ,Af!. 0 5ee -1003 if 0-5- fit{ II In () r' /<... F iMcltr:.; 1; J'n r -