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'REC^RMNC, rtrEQ1J7S ED BY <br />• CHICAGO TITLE COMPMY <br />M 4 K^ <br />RECORDING REQUESTED BY <br />AND WHEN RECORDED MAIL TO: <br />City Clerk's Office <br />City of San Leandro <br />835 East 10 Street <br />San Leandro, CA 94577 <br />Attn: Inclusionary Housing Ownership Program <br />AIM : 01g0 -(22$-004-0a <br />�y OF 4C9 <br />2016236420 09/16/2016 08:30 ASI <br />OFFICIAL RECORDS OF ALAMEDA COUNTY <br />STEVE MANNING <br />• c�t�FopN•* RECORDING FEE: 37,00 <br />5 PGS <br />above <br />NOTICE OF AFFORDABILITY RESTRICTIONS ON <br />TRANSFER OF PROPERTY <br />s use. <br />THIS NOTICE OF AFFORDABILITY RESTRICTIONS ON TRANSFER OF <br />PROPERTY (this "Notice") is dated as of September 9, 2016 with reference to that <br />certain real property located at 597 Jasmine Way, San Leandro, CA 945781 known as <br />Alameda County Assessor's Parcel No. 075-0208-064, and more particularly described <br />in Exhibit A attached hereto (the "Property"). <br />1. The City of San Leandro (the "City") and Yongshi Guan, King Wai Sze, Hui <br />Qiang Guan, and Mei Zhen Lu (the "Owner") have entered into that certain Resale <br />Agreement and Option to Purchase (the "Resale Restriction Agreement") dated as of <br />September 09, 2016 and recorded in the Official Records of Alameda County <br />substantially concurrently herewith. <br />2. The Resale Restriction Agreement requires the Property to be sold or otherwise <br />transferred only to income eligible households at a restricted resale price, and requires <br />payment to the City of sale proceeds in excess of the restricted price. In addition, <br />pursuant to the Resale Restriction Agreement, the Owner is required to notify the City of <br />any intended sale or transfer of the Property, and the City has an option to purchase the <br />Property upon receipt of such notice. The City also has an option to purchase the <br />Property upon the occurrence of certain defaults under the Resale Restriction <br />Agreement, including without limitation, the sale or other transfer of the Property in <br />violation of the Resale Restriction Agreement. <br />3. The restrictions set forth in the Resale Restriction Agreement will be in effect for <br />a period of forty-five (45) years, commencing on September 09, 2016, and terminating <br />on September 09, 2061. <br />This Notice is intended to provide notice of documents that affect title to the Property. <br />Reference should be made to the Resale Restriction Agreement for a more detailed <br />description of all matters described in this Notice. In the event of <br />Exhibit "A" )RMAO'�0 <br />