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Inst 2007094801
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Inst 2007094801
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Last modified
5/14/2007 12:33:56 PM
Creation date
5/14/2007 12:33:52 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agreement
Document Date (6)
3/6/2007
Recorded Document Type
Deed of Trust
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PERM
Document Relationships
Inst 2006062523
(Reference)
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\City Clerk\City Council\Recorded Documents\2006
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<br />Exhibit D <br /> <br />Disclosure Statement <br /> <br />THERE ARE RESTRICTIONS ON THE SALE OF THE PROPERTY YOU ARE BUYING. <br />EXCEPT FOR A TRANSFER TO THE CITY OF SAN LEANDRO (THE "CITY") FOLLOWING <br />CITY'S EXERCISE OF ITS OPTION TO PURCHASE, THIS PROPERTY MAY ONLY BE SOLD <br />TO AN "ELIGIBLE HOUSEHOLD" AT A PRICE NOT TO EXCEED THE ADJUSTED RESALE <br />PRICE WHICH IS CAPPED AT AN "AFFORDABLE HOUSING COST." <br /> <br />THIS MEANS THAT YOU MAY NOT SELL THE PROPERTY FOR MARKET VALUE TO <br />WHOMEVER YOU LIKE. <br /> <br />THESE RESTRICTIONS WILL BE IN EFFECT UNTIL March 2052. ANY SALE OF THE <br />PROPERTY IN VIOLATION OF THE RESTRICTIONS SHALL BE VOIDABLE AT THE <br />ELECTION OF THE CITY. <br /> <br />TO DETERMINE WHO AN ELIGIBLE HOUSEHOLD IS, AND WHAT THE ADJUSTED RESALE <br />PRICE AND AFFORDABLE HOUSING COST ARE, YOU SHOULD CONTACT THE CITY OF SAN <br />LEANDRO. <br /> <br />YOU SHOULD ALSO READ THE RESALE RESTRICTION AND OPTION TO PURCHASE <br />AGREEMENT RECORDED AGAINST THE PROPERTY. YOU MAY OBTAIN A COPY FROM <br />THE CITY OF SAN LEANDRO OR FROM THE ESCROW COMPANY. <br /> <br />I HAVE READ THE FOREGOING AND I UNDERSTAND WHAT IT MEANS: <br /> <br />Mana Mojarro <br /> <br />Aracely Garcia <br />
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