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<br />o m <br />r n <br />v o <br />~ ~ <br />m v <br />c ~ <br />~ c' <br />~~ <br />_'1 C <br />--~ m <br />r+-i m <br />o ° <br />~~ <br />~~ ~~"'Q~'Z-~-EJb S'C~~,L -,~~ <br />Recording Requested by <br />and when Recorded, return to: <br />Redevelopment Agency of the <br />City of San Leandro <br />835 East 14"' Street <br />San Leandro, CA 94577 <br />Attn: Executive Director <br />EXEMPT FROM RECORDING FEES PER <br />GOVERNMENT CODE §§6103, 27383 <br />~ O f q /„il <br />_ y <br />~~ _ i CF=~IC;TR1_ k~+"_s:Fw°i]S [7G~ RL4P1Li?Sa l;t'~~;Nir <br />t ~~ ~ta~R>~~~~ o ~ca~rv~L~ <br />~`~~~c~a;°,f RECCRDING FEE' ~.~?~L <br />~~ ~~ ~I" ~ ~ I~~ I <br />'~ I' ;j '~ ~~ ~ ~~, 'i I ,,.' <br />a, <br />1 Ui/~ <br />(SPACE ABOVE THIS LINE RESERVED FOR RECORDER' S USE) <br />MEMORANDUM OF OPTION <br />AND RIGHT OF FIRST REFUSAL AGREEMENT <br />This Memorandum of Option and Right of First Refusal Agreement (this <br />"Memorandum") is entered into as of the 1St day of February, 2007, by and between Mercy <br />Housing California XXXIII, a California Limited Partnership (the "Partnership") and the <br />Redevelopment Agency of the City of San Leandro, a public body, corporate and politic (the <br />"Optionee") with respect to that certain Option and Right of First Refusal Agreement (the <br />"Agreement") dated of even date herewith between Partnership and Optionee. <br />Pursuant to the Agreement, the Partnership has granted to Optionee an option (the <br />"Option") and a right of first refusal (the "Refusal Right") to purchase all right, title and interest <br />of Partnership in the Partnership's leasehold estate in the real property located in San Leandro, <br />California more particularly described in Exhibit A attached hereto and incorporated herein by <br />this reference (the "Property") together with all rights, title and interest of Partnership in the <br />improvements located on the Property (the "Proiect") on the terms and conditions set forth in <br />the Agreement. <br />The term of the Option shall commence on the first day following the close of the <br />fifteenth (15th) full year of the compliance period for the low-income housing tax credits for the <br />935]81-1 <br />I <br />