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• <br /> Exhibit 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 November 15, 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 November 15, <br /> 2010 and recorded in the Official Records of Alameda County substantially concurrently <br /> 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(1)(3) and (4), and shall be indexed by the Agency and the current owner of the <br /> Property. <br /> 1538954.5 20 <br />