Notice of Affordability Restrictions on Transfer of Property 2010-0280672.. RECORDED AT T$4E „EOUEST OF
CHICAGO, TITLE COMPANY
SUBDIVISION, DEPT.
RECORDING REQUESTED BYAND
WHEN RECORDED MAIL TO:
Poway Redevelopment Agency
13325 Civic Center Drive ��
Poway, CA 92064
D O is # 2010-0280672
111111111111111111111111111111111111111111111111111111111111111111111 II
JUN 04, 2010 8:00 AM
OFFICIAL RECORDS
SAN DIEGO COUNTY RECORDER'S OFFICE
DAVID L. BUTLER. COUNTY RECORDER
FEES. 21.00
5106
PAGES: 5
Attn: Executive Director 111111111111 Hill 111111111111111111111111111111111111111111w IIII IIII IIII loll ]III
► )
NOTICE OF AFFORDABILITY RESTRICTIONS ON
TRANSFER OF PROPERTY
(Poway Redevelopment Agency- SHOP Program)
MODERATE INCOME HOUSEHOLD
NOTICE IS HEREBY GIVEN, that the Poway Redevelopment Agency (the
"Agency "), to carry out certain, obligations under the Community Redevelopment
Law of the State of California (Health and Safety Code Section 33000 et se q.), and
the Redevelopment Plan for the Paguay Redevelopment Project, has required
Rhandy and Kathleen Galvez, a California Resident (the "Owner ") to enter into
certain affordability covenants and restrictions entitled, Agency Resale Restriction
Agreement and Option to Purchase (the "Restrictions "), with reference to certain
real property (the "Property"),. located at 12958 Metate Lane, Lot 23, Poway, San
Diego County, Assessor's Parcel No. 317- 350 -62, and further described in Exhibit
A, incorporated herein by reference.
The affordability covenants and restrictions contained in the Restrictions include
without limitation and as further described in the Restrictions:
The Property is restricted for resale to low or moderate income
households at a purchase price affordable to low or moderate income
households.
2. The owner must occupy the Property as the Owner's sole residence.
The Owner must give notice to the Agency before resale of the Property.
Notice of Affordability Restrictions (SHOP)
Moderate Income Household
1552 \03 \566709 3
rA
5107
4. The Owner is prohibited from further pledging the Property as security
for any debt and Owner must obtain Agency approval prior to
refinancing existing encumbrances.
This Notice of Affordability Restrictions on Transfer of Property (the "Notice ") is
recorded for the purpose of providing notice only, and it in no way modifies the
provisions of the Restrictions. In the event of any conflict between this Notice and
the Restrictions, the terms of the Restrictions shall prevail.
The Restrictions have been recorded concurrently herewith as.
Document /Instrument No. 0zg6 tpq and shall remain in effect for forty -five
(45 ) years, c mmencing on the LtftgjjLt r1Q ,}Ot D and terminating on
fJ 20S)�
This Notice is being recorded and filed by the Agency in compliance with Health
and Safety Code Sections 33334.3 and/or Section 33413, as amended effective this
date, and shall be indexed against the Agency and the Owner.
IN WITNESS WHEREOF, the parties have executed this Notice of Affordability
Restrictions on Transfer of Property on or as of the date first written above.
AGENCY:
Poway Redevelopment Agency
Titl
2
Notice of Affordability Restrictions (SHOP)
Moderate Income Household
1552 \03 \5667093
(Type Name)
rA
l
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
On /may Z 7, 2010 2010,
Public, personally appeared
5108
)
ss.
e me, JA/LLUS f#11//1/ , Notary
gr��y y iZ�y
who proved to me on the basis of satisfactory evidence to be the person( whose
name(X) isha subscribed to the within instrument and acknowledged to me that
'le /she /tfMy executed the same in hYs/her /t(r authorized.capacity(i)s�/s), and that by
is /her / thVir signature(, on the instrument the person(&or the entity upon behalf
of which the person( acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of California
that the foregoing paragraph is true and correct.
WITNES my hand and fnfici�al seal.
//�
v
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
)
ss.
On. 6&e / , 2010, before
Public, personally appeared RUA
PH UIS SHINN
Commission C 1778898
-e Notary Public - California
San Diego County
Comm MVNOY42011
Notary
who proved to me on the basis of satisfactory evidence to be the person(s) whose
e(s)gilre subscribed to the wit in instrument and acknowledged to me that
he /they executed the same ir 0..11SAer/their authorized capacity(ies), and that by
er /their signature(s) on the Instrument the person(s) or the entity upon behalf
of which the person(s) acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of California
that the foregoing paragraph is true and correct.
WITNESS my hand and official seal.
Notice of Affordability Restrictions (SHOP)
1552 \031566709.3
PAm N.3
COMM. #1746483
V - - NOTARYPUBUC- CAUFORNIAn,
rn m, SAN DIEDO COUNTY
V My Commission Expires
JUNE 13, 2011
5109
STATE OF CALIFORNIA )
) ss.
COUNTY OF SAN DIEGO )
On �&e / 2010, befgre me,—,L— MAW. JI Notary
Public, personally appeared 7j eh ✓[�frtl/�/PZ
who proved to me on the basis of satisfactory evidence to be the person(s) whose
narh e subscribed to! the within instrument and acknowledged to me that
he xecuted the same in his e G heir authorized_capacity(ies), and that by
lii signature(s) o n'the instrument the person(s) or the entity upon behalf
of which the person(s) acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of California
that the foregoing paragraph is true and correct.
RMANIMMY
• • •
Notice of-Affordability Restrictions (SHOP)
1552 \03 \566709 3
PATTY N: SM
COMM. #1745493
rU - ® NOTARY PUBUC- CAUFORNIA y
V SAN DIEGO COUNTY n
My Commission Expires
JUNE 13, 2011
E o'1617 A
LEGAL DESCRIPTION 511
LOT 23 OF CITY OF POWAY TRACT NO. 06 -06 THE MEADOWS, IN THE CITY OF POWAY,
COUNTY OF SAN DIEGO, STATE OF CALIFORNIA, ACCORDING TO 1NLAP THEREOF NO.
15743, FILED IN THE OFFICE OF THE COUNTY RECORDER OF SAN DIEGO COUNTY MARCH
5,2009.
END OF LEGAL DESCRIPTION
END OF LEGAL DESCRIPTION
CLTA Preliminary Report Form - Modified (11 -17 -06)