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RECORDING REQUESTED BY. NORTH AMERICAN TITLE COMPANY moo, 2010319182 12/17/2010 01:09 PM / . OFFICIAL RECORDS OF ALAMEDA COUNTY RECORDING REQUESTED BY I j PATRICK D'CONNELL 24.00 a, o p r .� RECORDING FEE: AND WHEN RECORDED MAIL TO: r 335 East Streetency of the City of San Leandro I IIIIIII �II II IIII h VIII IIII II III II I � CS — 4 San Leandro, CA 94577 Ann: Community Development Director is — 4= 5 2 140 • gl(.dc1 S4(s Space above this line for Recorder's use. NOTICE OF AFFORDA131LITY RESTRICTIONS ON TRANSFER OF PROPERTY THIS NOTICE OF AFFORDABILITY RESTRICTIONS ON TRANSFER OF PROPERTY (this "Notice ") is dated as of November 15, 2010 ( "Effective Date ") with reference to that certain real property at 400 Springlake Drive in the City of San Leandro ( "City "), State of California, and more particularly described in Exhibit A attached hereto (the "Property "). I. The Redevelopment Agency of the City of San Leandro, a public body, corporate, and politic ( "Agency) and Eden Lodge, L.P, a California limited partnership ( "Owner ") have entered into that certain Amended and Restated Affordable Housing Regulatory Agreement and Declaration of Restrictive Covenants (the "Regulatory Agreement ") dated as of November 15, 2010 and recorded in the Official Records of Alameda County substantially concurrently herewith. 2. The Regulatory Agreement requires not less than ninety -eight (98) of the residential units in the Project to be rented at affordable rents to households who qualify as Low-Income and not less than forty -three (43) of the residential units in the Project to be rented at affordable rents to households who qualify as Very Low - Income. 3. The restrictions set forth in the Regulatory Agreement will be in effect from the Effective Date of this Notice until April 6, 2058, unless the term is extended by mutual agreement of the Agency and Owner. This Notice is intended to provide notice of documents that affect title to the Property. Reference should be made to the Regulatory Agreement for a more detailed description of all natters described in this Notice. In the event of any conflict between the terms of this Notice and the terms of the Regulatory Agreement, the Regulatory Agreement shall prevail. This Notice is being recorded and filed in compliance with California Health and Safety Code Section 33334.3(0(3) and (4), and shall be indexed by the Agency and the current owner of the Property.