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Inst 2018245844
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Inst 2018245844
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Last modified
6/5/2019 7:16:12 AM
Creation date
1/25/2019 4:51:38 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agreement
Document Date (6)
12/28/2018
Recorded Document Type
Performance Deed of Trust
Retention
PERM
Document Relationships
Inst 2019001029
(Reference)
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\City Clerk\City Council\Recorded Documents\2019
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. <br />. <br />~�~i~~^`~ �—.~ <br />^ '^' <br />R�m�gR�����«�» <br />��� <br />--~2°"=^°`°"~ <br />PATRICK "����«�»nR*»»�ed.��mbz nsooeoz��78,00 <br />Qty of San Leandro <br />MailTax Statements to: <br />City of San Leandro <br />W <br />21 PGS <br />City of San Leandro <br />835 E. 14th Street <br />c_) <br />San Leandro, California 94577 <br />Attn: City Manager <br />C) �.) <br />EXEMPT FROM RECORDING FEES PER GOVERNMENT <br />CODE <br />APN No 075-0208-012-00 <br />(SPACE ABOVE THIS LINE RESERVED FOR RECORDER'S USE) <br />This RESALE RESTRICTION AGREEMENT AND OPTION TO PURCHASE (hereinafter <br />"Agreement") is entered into as of this August 24. 2009 by and between the CITY OF SAN BANDR0 <br />(hereinafter "Qto")and ShemmJ Amanoghawun(hereinafter "Owner). <br />WHEREAS, Government Code Sections 85580 et aeq require the City to encourage the <br />development and availability o[affordable housing, and the Qty's Housing Element Goal 53 requires the <br />inclusion of affordable housing in new housing developments both inside and outside the redevelopment <br />project areas; and <br />WHEREAS, Pursuant UoHealth and Safety Code Section 3341 . specified percentages <br />of all new and substantially rehabilitated dwelling units developed in redevelopment project areas in the <br />City shall beavailable ataffordable housing cost k>persons and families Vflow Drmoderate income and to <br />very -low income households, and such requirements shall be set forlhinrecorded covenants running with <br />the land, enforceable by the City or the Redevelopment Agency of the City of San Leandro, a public body <br />corporate and politic (the "Agency"). This Agreement is intended to implement this requirement of law, and <br />to cause the Property, if applicable, to be eligible for redevelopment housing production credit pursuant to <br />Section 33413/b\CD0AU\;and <br />WHEREAS, the City has adopted an Inclusionary Zoning Ordinance Pursuant to which the City <br />conducts apmQrarnfor the sale and rental ofsome housing units a|oprice below market rate ("Prognmm"), <br />pursuant to which developers of residential housing developments agree to set aside a certain number of <br />units for very low-, low-, and moderate -income persons and families, as defined herein: and <br />Page zmzz Requested By: ashm.basav'Printed: zVz4/zomu:copM <br />Doc: c*ALAm:200900284609~06001 <br />
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