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10C Action 2009 0615
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10C Action 2009 0615
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Last modified
6/12/2009 9:55:42 AM
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6/12/2009 9:55:40 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
6/15/2009
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Document Relationships
_CC Agenda 2009 0615
(Reference)
Path:
\City Clerk\City Council\Agenda Packets\2009\Packet 2009 0615
RDA Reso 2009-015
(Reference)
Path:
\City Clerk\City Council\Resolutions\2009
Reso 2009-094
(Reference)
Path:
\City Clerk\City Council\Resolutions\2009
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Exhibit D <br />RECORDING REQUESTED BY <br />AND WHEN RECORDED MAIL TO: <br />Redevelopment Agency of the City of San Leandro <br />835 East 14~' Street <br />San Leandro, CA 94577 <br />Attn: Community Development Director <br />Space above this line for Recorder's use. <br />NOTICE OF AFFORDABILITY RESTRICTIONS ON <br />TRANSFER OF PROPERTY <br />THIS NOTICE OF AFFORDABILITY RESTRICTIONS ON TRANSFER OF <br />PROPERTY (this "Notice") is dated as of June 16, 2009 with reference to that certain real <br />property at 112 Garcia Avenue in the City of San Leandro ("City"), State of California, and more <br />particularly described in Exhibit A attached hereto (the "Property"). <br />1. The Redevelopment Agency of the City of San Leandro, a public body, corporate, and <br />politic ("Agency"), the City of San Leandro, a public body, corporate and politic ("City") and <br />Alameda County Allied Housing Program, a California non-profit public benefit corporation <br />("Owner") have entered into that certain Amended and Restated Affordable Housing Regulatory <br />Agreement and Declaration of Restrictive Covenants (the "Regulatory Agreement") dated as of <br />June 16, 2009 and recorded in the Official Records of Alameda County substantially <br />concurrently herewith. <br />2. The Regulatory Agreement requires not less than seven (7) of the residential units <br />developed on the Property to be rented at affordable rents to households who qualify as <br />Extremely Low-Income, not less than an sixteen (16) of the residential units developed on the <br />Property to be rented at affordable rents to households who qualify as Very Low-Income, and not <br />less than two (2) of the residential units developed on the Property to be rented at affordable rents <br />to households who qualify as Low-Income, as more particularly set forth in the Regulatory <br />Agreement. <br />3. The restrictions set forth in the Regulatory Agreement will be in effect for a period of <br />fifty-five (55) years, commencing on the Effective Date of this Notice unless the term is <br />extended by mutual agreement of the Agency, City and Owner. <br />This Notice is intended to provide notice of documents that affect title to the Property. Reference <br />should be made to the Regulatory Agreement for a more detailed description of all matters <br />described in this Notice. In the event of any conflict between the terms of this Notice and the <br />terms of the Regulatory Agreement, the Regulatory Agreement shall prevail. <br />This Notice is being recorded and filed in compliance with California Health and Safety Code <br />AMENDED AND RESTATED REGULATORY AGREEMENT 2 7 <br />MISSION BELL APARTMENTS <br />1227466-8 <br />
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