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RECORDING REQUESTED BY: <br />CITY OF REDWOOD CITY <br />When Recorded Mail To: <br />CITY OF REDW OOD CITY <br />City C lerk <br />1017 Middlefield Road <br />Redwood City, CA 94063 <br />SPACE ABOVE THIS LINE FOR RECORDER'S USE <br />2019-045244 <br />10:18 am 06/13/19 A3 Fee : NO FEE <br />Count of Pages 7 <br />Recorded in Official Records <br />County of San Mateo <br />Mark Church <br />11111111 ~1 1!mi i~l[i~n1n1~ 'mi1i~i1U1~~l 1111 ~I ~II * $ R 0 0 0 2 7 1 2 5 8 1 $ * <br />Exempt from Re cording Fees under Gov t . Code Secti on 2 73 83 <br />FIRST AMENDMENT TO DECLARATION OF AFFORDABILITY COVENANTS <br />(MP Mosaic Garden Associates, LP.) <br />THIS FIRST AMENDMENT TO DECLARATION OF AFFORDABILITY <br />COVENANTS ("Amendment") is made and entered into this ~ fc day of Apn. I <br />2019 , by and between the CITY OF REDWOOD CITY, a charter city and municipal <br />corporation of the State of California ("City "), and MP MOS A IC GA RDEN ASSOCIATES , <br />L.P., a California limited partnership ("Contractor"), collectively the "Parties ." <br />RECITALS <br />WHEREAS , on February 26 , 2018 , the Parties executed the "Agreement with MP <br />Mosai c Garden Associates , L.P ., for Funds to Refinance 3 752-3770 Rolison Road <br />Property" ("Agreement"), whereby the City agre ed to provide Contractor On e Million One <br />Hundred Thousand Dollars ($1 , 100,000 .00) of financial assistance , in th e form of a loan <br />from the City's Affordable Housing Fund, to assist Contractor in refinancing a propert y <br />located at 3752-3770 Rolison Road in Redwood City (the "Property") to be used to provide <br />re ntal housing to Low , Very Low , and Extremely Low In come Ho use h o ld s; and <br />ATTY/AGR/2019/AMENDMENTS/AMEND NO. 1-MIDPEN MOSAIC GARDENS (ATHERTON COURT) <br />REV: 04-22-19 DZ <br />Page 1 of 5