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Fxhihit C <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 , 2010 ( "Effective Date ") with reference <br />to that certain real property at 400 Springlake Drive in the City of San Leandro ( "City "), State of <br />California, and more 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) and Eden Lodge, L.P, a California limited partnership ( "Owner ") have entered <br />into that certain Amended and Restated Affordable Housing Regulatory Agreement and <br />Declaration of Restrictive Covenants (the "Regulatory Agreement ") dated as of , 2010 <br />and recorded in the Official Records of Alameda County substantially concurrently herewith. <br />2. The Regulatory Agreement requires not less than ninety -eight (98) of the residential units <br />in the Project to be rented at affordable rents to households who qualify as Low - Income and not <br />less than forty -three (43) of the residential units in the Project to be rented at affordable rents to <br />households who qualify as Very Low - Income. <br />3. The restrictions set forth in the Regulatory Agreement will be in effect from the Effective <br />Date of this Notice until April 6, 2058, unless the term is extended by mutual agreement of the <br />Agency 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 />Section 33334.3(f)(3) and (4), and shall be indexed by the Agency and the current owner of the <br />Property. <br />1538954.2 20 <br />