Notice of Affordability Restrictions on Transfer of Property 2010-0266012� R °C7RDEC AT ^ -;r -.-OUc 5T JF
CHICAGO TlTi.E Gr^WAN''.
SUBDIVISION ADEPT.
RECORDING REQUESTED BYAND
,yl WHEN RECORDED MAIL TO:
Poway Redevelopment Agency
13325 Civic Center Drive
D O C# 2010-0266012
111111111111111111111111111111111111111111111111111111111111111111 IN
MAY 27, 2010 8:00 AM
OFFICIAL RECORDS
SAN DIEGO COUNTY RECORDER'S OFFICE
DAVID L BUTLER, COUNTY RECORDER
FEES 24.00
Poway, CA 92064 PAGES: 6
Attn: ExecutiveDirector4306
f�--
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 cant' out certain obligations under the Community Redevelopment
Law of the State of California (Health and Safety Code Section 33000 et seq.), and
the Redevelopment Plan for the Paguay Redevelopment Project, has required
Carrie�Rg�� #eVornia Resident (the "Owner ") to enter into certain
affordabi]`it`y covenants and restrictions entitled, Agency Resale Restriction
Agreement and Option to Purchase (the "Restrictions "), with reference to certain
real property (the "Property "), located at 12822 Yukon Way, Lot 18, Poway, San
Diego County, Assessor's Parcel No. 317- 350 -57, 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
4307
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.20lo-oNa0'04 and shall remain in effect for forty -five
(45) years, commencing on then h l4`i / 1O and terminating on
t ,a-`( as , 20�r
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 Redevelopm nt Agency ( &41 ~,)
By: / CYrt�ree 96:;44k ATc�iL
1 (Type Name)
Title: xecutive Direc or
(Type Name)
2
Notice of Affordability Restrictions (SHOP)
Moderate Income Household
1552\03 \566709 3
9 1:
STATE OF CALIFORNIA )
ss.
COUNTY OF SAN DIEGO ) p
On'may h q 2010, before me, ��� (;i � Notary
Public, personally appeared �1 eV1V�ll l (Z ►>e�
who proved to me on the basis of satisfactory evidence to be the person(kywhose
name(s)P/are.subscribed to the within instrument and acknowledged to me that
they executed the same in his/"e authorized capacity(ies), and that by
h� /tl� e r signature(s) on the instrument the person�or the entity' upon behalf
of which the personO 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.
if) U A46'�2
STATE OF CALIFORNIA )
) ss.
COUNTY OF SAN DIEGO )
On 91W .?% , 2010, before me-,
Public, Pefsonally appeared Io e-
Notary
who proved to me on the basis of satisfactory evidence to be the person(s) whose
name re subscribed to the within instrument.and acknowledged to me that
he ey executed the same in hi er heir authorized capacity(ies), and that by
hi er heir signature(s) on the instrument the person(s) 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.
Notice of Affordability Restrictions (SHOP)
1552 \03 \566709.3
PAT71';N. SMITH
COMM: #7745493
y' NOTARY.PUBLICrCAL1FORNIAy
U. SAMDIEGO COUNTY n
My Commission Expires
JUNE 13, 2011
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
On
ss.
2010, before me,
4309
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.
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
EXHIBIT A
Legal Description
A -t
Notice of Affordability Restrictions (SHOP)
1552\03\566709 3
4310
. LEGAL DESCRIPTION
4311
LOT 18 OF CITY OF POWAY TRACT NO. 06 -06 THE MEADOWS; IN THE CITY OF POWAY,
COUNTY OF SAN DIEGO, STATE OF CALIFORNIA, ACCORDING TO MAP 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 Forth- Modified (11- 17 -06)