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Inst 2018189575
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Inst 2018189575
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Last modified
7/31/2019 12:51:02 PM
Creation date
7/31/2019 12:36:22 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agreement
Document Date (6)
10/1/2018
Recorded Document Type
Option to Purchase
Resale Agreement
Property Value Restrictions
Retention
PERM
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t� OF A49 2018189575 10/01/2018 08:30 AM <br />OFFICIAL RECORDS OF ALAMEDA COUNTY <br />T <br />ISG .► o O I t' Q STEVE MANNING <br />T -lyRECORDING FEE: 0.00 <br />Recording requested by and when s PGS <br />recorded mail to: <br />City of San Leandro <br />835 East 14th Street <br />San Leandro, CA 94577 RECEIVED IN POOR CONDITION <br />Attn: City Clerk�p Legibility for microfilming and copying is <br />`b unsatisfactory in a portion of this document. <br />Steve Manning, County Recorder <br />EXEMPT FROM RECORDING FEES PER <br />GOVERNMENT CODE §§ 6103, 27383 <br />APN: 077C-1240-060-00 Space above this line for Recorder's use <br />FIRST AMENDMENT TO PROPERTY VALUE RESTRICTIONS, RESALE <br />AGREEMENT AND OPTION TO PURCHASE <br />This First Amendment (this "Amendment") amending that certain Property <br />Value Restrictions, Resale Agreement and Option to Purchase Agreement recorded <br />as document number 2003705539 on December 3, 2003 in the official records of <br />Alameda County, is entered into by and between the City of San Leandro, a <br />California charter city (the "City''), and Fidel Maniago, Aurelia Maniago, and <br />Geoffrey Maniago ("Owner") as of September 24 ' , 2018 (the "Effective Date"). <br />City and Owner are hereinafter collectively referred to as the "Parties". <br />RECITALS <br />A. Owner is the owner of that certain real property located at 14873 Olivia Street, <br />San Leandro, California, as more fully described in Exhibit A, attached hereto <br />and incorporated herein (the "Property"). <br />B. The Redevelopment Agency of the City of San Leandro ("Agency") and the <br />Owner entered into that certain Property Value Restrictions, Resale <br />Agreement and Option to Purchase Agreement (the "Agreement") recorded <br />as document number 2003705539 on December 3, 2003 in the official <br />records of Alameda County. <br />C. Pursuant to the Agreement, Owner agreed to only sell the Property to a <br />qualified moderate -income purchaser at a price not to exceed the adjusted <br />resale price capped at an affordable housing cost, and provide the Agency a <br />right of first refusal for such sale. <br />D. The City is the successor -in -interest to the Agency with respect to the <br />Agreement. <br />
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