Notice of Affordability Restrictions on Transfer of Property 2010-0602229RECORDED AT THF•REOUEST OF
CHICAGO TITLE COMPANY
SUBDIVISION DEPT.
RECORDING REQUESTED BYAND
�j WHEN RECORDED MAIL TO:
} Poway Redevelopment Agency
13325 Civic Center Drive
Poway, CA 92064
Attn: Executive Director
D O C # 2010-0602229
IIIIIIII 111111111111111111111111111111111111111111111111111111111111111111111
NOV 05, 2010 8:00 AM
OFFICIAL RECORDS
SAN DIEGO COUNTY RECORDER'S OFFICE
DAVID L. BUTLER, COUNTY RECORDER
FEES: 30.00
FM
PAGES: 6
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 seq.), and
the Redevelopment Plamfor the Paguay Redevelopment Project, has required Ali
Zaidi, 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 12812 Dakota Street, Lot 12, Poway, San Diego County,
Assessor's Parcel No. 317 - 350 -51, 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.
3. 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
7100
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.ZciO-cte °zzzband shalfremain in effect for forty -five
(45) years, commencing on the 5, IJoVuwbtr ;010 and terminating on
N,54.5 21055.
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: OWNER:
Poway Redevelopment A ency
i
By:
Penhy Riley (Type Name)
Title: Executive irector
(Type Name)
Notice of Affordability Restrictions (SHOP)
Moderate Income Household
1552103\566709.3
STATE OF CALIFORNIA )
) ss.
COUNTY OF SAN DIEGO )
On �� '�,n �V 25 , 201 Q before me,
Public, personally appeared RP.00
who proved to me on the basis of satisfactc
7101
Notary.
evidence to'be the person(&) whose
name(,gG) /are subscribed to the within instrument and acknowledged to me that
- he /�,R/aioy executed the same in hrsQgEkhe4r authorized capacity(ies), and that by
hisht er heir signature(s-) on.the instrument the person(4 or the entity upon behalf
of which the person(s)-acted, executed the instrument.
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. .1
O011p0171116n # 17e7479P
i
NOW PW)Lk - Colifornia
Bon Diego County
*/CW B0,WDec 25,2011 +
STATE OF CALIFORNIA )
) ss.
COUNTY OF SAN DIEGO )
On B'V 2010, before me,<�A � , Notary
Public, personally appeared n
who proved to me on the basis of satisfactory evidence to be the person(s) whose
name(sos are subscribed to the w' kin instrument and acknowledged to me that
he /they executed the same iher /their authorized capacity(ies), and that by
hi 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 \03 \566709 3
PATTY N. SMITH
Tp comm. #1745493
NOTARY PUBLIC- CALIFORNIA
SAN DIEGO COUNTY 0
My commission Expires
JUNE 13, 2011
7102
STATE OF CALIFORNIA )
) ss.
COUNTY OF SAN DIEGO )
On 201 .,before me, Notary
Public, personally appeared
who proved to me on the basis..of satisfactory evidence to be the person(s) whose
name(s) is /are subscribed to the-within instrument and acknowledged to me that
he /she /they executed the same in his/her /their authorized capacity(ies), and that by
his /her /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 \03 \566709 3
7103
EXHIBIT A
Legal Description
A -1
Notice of Affordability Restrictions (SHOP)
1552 \03 \5667093
E3 HiBIT "N' 71oa
LEGAL DESCRIPTION
`I
LOT 12 OF CITY OF POWAY TRACT NO. 06 -06 THE MEADOWS, N THE CITY OF POWAY,
COUNTY OF SAN DIEGO, STATE OF CALIFORNIA, ACCORDING TO MAP THEREOF NO.
15743, FILED N THE OFFICE OF THE COUNTY RECORDER OF SAN DIEGO COUNTY MARCH
5, 2009.
END OF LEGAL DESCRIPTION
END OF LEGAL DESCRIPTION