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RECORDING REQUESTED PURSUANT <br />TO GOVERNMENT <br />CODE SECTION 27383 <br />When Recorded Mail To: <br />City of Redwood City <br />Attn: City Clerk <br />1017 Middlefield Road <br />Redwood City, CA 94063 <br />No fee required for recording pursuant to Space Above This Line For Recorder's Use <br />Government Code § 27383 <br />OCCUPANCY, REFINANCING, AND RESALE RESTRICTION AGREEMENT <br />WITH OPTION TO PURCHASE <br />CITY OF REDWOOD CITY <br />AFFORDABLE HOUSING PROGRAM <br />Owner: Hugo Alberto Zarco Vargas & Andrea <br />Vergara Cardenas <br />Address of Home: 1231 Warren Street, #105 <br />Redwood City, CA 94063 <br />Income Category of Owner: Lower Income <br />Purchase Price of Home ("Owner's Base <br />Price"): $ 304.737 <br />This Occupancy, Refinancing, and Resale Restriction Agreement with Option to <br />Purchase (the "Agreement") is entered into as of this day of 2022 (the <br />"Effective Date"), by and between the City of Redwood City, a charter city and municipal <br />corporation (the "City") and Hugo Alberto Zarco Vargas & Andrea Vergara Cardenas (the <br />"Owner"). <br />RECITALS <br />A. The City, through the former Redevelopment Agency of the City of Redwood <br />City (the "Agency"), adopted a program pursuant to which it entered into agreements with <br />certain housing developers, requiring those housing developers to sell certain housing units <br />to low and moderate income first-time homebuyers (the "First Time Homebuyer Program"). <br />REV: 06-30-22 SK <br />ATTY/AGR.2022.166/Hugo Alberto Zarco Vargas & Andrea Vergara Cardenas (Page 1 of 40) <br />