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COMPLIMENTARY RECORDING REQUIRED <br />PE3 DANT TO GOVERNMENT CODE <br />SECTION 27383 <br />When Recorded Mail To: <br />City of Redwood City <br />Housing and Redevelopment Division <br />P. 0. Box 391 <br />Redwood City, CA 94064 <br />OFFICIAL RECORDS OF <br />SAN MATEO COUNTY <br />ASSESSOR -COUNTY CLERK -RECORDER <br />WARREN SLOCUM <br />Recorded at Request of <br />FIDELITY NATIONAL TITLE <br />95-076964 07/28/95 08:00 <br />Recordirg ct� <br />Fee: <br />ASALAS <br />7208 <br />- - RDL-A'S US <br />RESALE RESTRICTION AGREEMENT <br />AND OPTION TO REPURCHASE <br />OWrier: IVAN A. LUX AND RRISTI A. LUM, HUSBAND AND WIFE <br />Property Address: 1231 WARREN AVENUE, REDWOOD CITY, CA 94063 <br />Unit: 105 <br />CD <br />U1 <br />O <br />This Resale Restriction Agreement and Option to Repurchase (the "Resale Agreement") is M <br />entered into as of this 26 day of JULY, 1995, by and between the City of Redwood City, a CD <br />municipal corporation of the State of California, (the "City") and IVAN A. LUM AND RRISTI A. .CA <br />LUM, HUSBAND AND WIFE, (the "Owner"). <br />RECITALS <br />WHEREAS, the City of Redwood City has determined that it would be desirable to <br />increase the number of housing units for sale to low and moderate income First -Time <br />Homebuyers, and to assist such homebuyers in purchasing otherwise unaffordable homes; and <br />WHEREAS, the Redevelopment Agency of the City of Redwood City ("Agency") has adopted a <br />program (the "Program") under which it has entered into a Development Agreement with the <br />seller ("Developer") of the property known as 1231 WARREN AVENUE, Redwood City, California <br />(the "Property"). The Development Agreement sets forth the prices at which the units ("Unit") <br />1 <br />RESALE RESTRICTION AGREEMENT <br />