Notice of Affordability Restrictions on Transfer of Property 2011-0045098I'
RECORDED AT THE REQUEST OF �-y O C # 2011-0045098
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WHEN RECORDED MAIL TO: JAN 25, 2011 $:OD AM
OFFICIAL RECORDS 6583
`n SAN DIEGO COUNTY RECORDER'S OFFICE
Poway Redevelopment Agency tY� Ernest J Dronenburg, Jr.. COUNTY RECORDER
13325 Civic Center Drive tY FEES. 30.00
Poway, CA 92064 PAGES: 6
Attn: Executive Director
is 1_75l 0017- U IZ
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 seq.), and
the Redevelopment -Plan for the Paguay Redevelopment Project, has required
Evangelina Garcia - Tehrani and Milad Tehrani, 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 12946 Metate
Lane, Lot 7, Poway, San Diego County, Assessor's Parcel No. 317 - 350 -46, 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
F)
4. The Owner is prohibited from further pledging the Property as security
for any debt and Owner must obtain Agency approval prior to 6584
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.zOI)' p"-5" and shall remain.in effect for forty -five
(45) years, commencing on the J4ft%3" 4 ZS, ?Alt and terminating on
�0.M104 tS 20A.
I
This1Notice 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 Al;ency
i
Notice)of Affordability Restrictions (SHOP)
Moderate Income Household
1552W31166709.3
OWNER:
pe Name)
mz
(Type Name)
F N.
STATE OF CALIFORNIA
On
OF SAN DIEGO
I'(-P , 2010, before
personally appeared �/U
ss.
me,)/iyL G
Notary
who proved to me on the basis of satisfactory evidence to be the person( whose
name( is /A subscribed to the within instrument and acknowledged to me-that
i�e /she /t%y executed the same in 4is /herA4r authorized capacity(i)2�), and that by
I�s/her/tfi dr signature( on the instrument the person( or the entity upon behalf
of which the person( 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.
STATE OF CALIFORNIA )
) ss.
COUNTY OF SAN DIEGO )
Ort " 141 , 2011, before me
Public, personally appeared
jim" e-li. e
r
PHYLLIS SHINN
Commission -# 1778898
Notary Public - Callfomla
San Diego County
Comm.' es Nov9 2011
Notary
who proved to me on the basis "of satisfactory evidence to be the person(s) whose
names lure subscribed to the within instrument and acknowledged to, me that
he hey executed the same in hNoheir authorized capacity(ies), and that by
hi /he 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 \03 \566709 3
PATTY N. SMfTH
COMM. #1745499
U NOTARYPUBUC- CALIFORNIA
d- SAN DIEGO COUNTY C1
My JUNE 3ion�Expites
6585
'STATE OF CALIFORNIA )
) ss.
COUNTY OF SAN DIEGO )
O / ' 1011 before , �/I/•1 , Notary
Public, pet nally appeared 6ex 7j7aPZt*Z
who provAto me on the basis of satisfactory evidence to be the person(s) whose
e(s) e subscribed to,the within instrument andacknowledged to me that
he he /they executed the same ' his er /their authorized capacity(ies), and that by
is er /their signature(s) on the instrument the person(s) or the entity upon behalf
o 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.
N: SMIT}i
COMM. #1745493
hn� NOTARYP,UBLIC= CALIFORNIA y_
v SAN DIEGO COUNTY n
My Commission Expires
JUNE 13, 20L1
Notice of Affordability Restrictions (SHOP)
1552 \03 \566709.3
• M
EXHIBIT A
Legal Description
r
A -1
Notice of Affordability Restrictions (SHOP)
1552 \03 \566709 3
6587
EXHIBIT "N'
LEGAL DESCRIPTION
,0 S
LOT 7 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. ,
APN: 317 - 35046 -00
END OF LEGAL DESCRIPTION