Notice of Affordability Restrictions on Transfer of Property 2009-0685814R`coRDeoaTrHE ;E0UE5rpp DCC# 2009- 0685814
CHICAGO TITLE COMPANY I II I I IIIIIIIIII IIIIIIIIIIII III II I 11111111111111 IN �4 SUBDIVISION DEPT
\ ` RECORDING'REQUESTED BYAND
WHEN RECORDED MAIL TO-
Poway Redevelopment Agency
13325 Civic Center Drive
Poway, CA 92064
Attn: Executive Director
DEC 11, 2009 8:00 AM
OFFICIAL RECORDS 28.13
SA.N CdEGO COIJW', RECORDER'S OFFICE
DAVID L BUTLER COUNT1' RECORDER
FEES _'400
PAGES: 6
JI 1(Dif- U 1
NOTICE OF AFFORDABILITY RESTRICTIONS ON
TRANSFER OF PROPERTY
(Poway Redevelopment Agency- SHOP Program)
LOW 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 Sean
Cox and Venecia Cox 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 12823 Yukon Way, Lot 21, Poway, San
Diego County, Assessor's Parcel No. 317 - 350 -60 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:
1. The Property is restricted for resale to low income.households at a
purchase price affordable to low 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.
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.
Notice of Affordability Restrictions (SHOP)
Low Income Household
1552 \03 \583949 1
This Noticeiof 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 on 014 139 , as
Document /Instrument No. all'g 5 3 11 and shall remain in effect for forty -five
(45) years, commencing on the and terminating on
Dig. , 20SY
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
By:
Title: Executive Director
Notice of Affordabilay Restrictions (SHOP)
Low Income Household
155? \03\583949 1
OWNER:
ase,m 6'ex
I/
(Type Name)
(Type Name)
2814
STATE OF CALIFORNIA )
) ss.
COUNTY OF SAN DIEGO )
On NOV /� ✓I�� 200LI, be ore me, ilYliV 1.�� IBS �� >�ers01
(" appeared � (: Q who proved to
me on the basis' of satisfactory evidence to be the personal whose names) Ps a.Fe
subscribed to the within instrument and acknowledged to me that GYshefthey
executed the same in rs erftheir authorized capacity(j.�-,$), and that byM-i /her/their
signature(4) on the instrument the person(sS for 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.
ITNESS my hand and officigLseal.
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
O &�
appeared
a 17ays
A c,t "r i �e>'uv
B ' Pte = Cawaim
Smt County
)
ss.
fore me ��o
C , who proved to
me on.the basis of satisfactory e "vidence to be the person(s) whose name( rs re
subscribed to the within instrument and acknowledged to me t, he s y
executed the same i <0 is er /their authorized capacity(ies), and that is 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 o ticial seal.
Notice of Affordability Restrictions (SHOP)
1552 \03 \5839491
PA1iY N.5
COMM. #1745493
C3 NOTARY PUBLIC - CALIFORNIA cn
V m. SAN DIEGO COUNTY O
My Commission Expires
JUNE 13, 2011
2815
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
M!"MA,
appeared
) ss.
r.:.i i
• . • w •
me on the basis of satisfactory evidence to be the person(s) whose na
subscribed to the within i ument and acknowledged to me that he
executed the same in hi her heir authorized capacity(ies), and that by f
signature(s) on the instrument the persons) or the entity upon behalf of
person(s) acted, executed the instrument.
the
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 \583949 1
=NE MITH
Co 745493
CAUWRNUI �,
OUNTY n n Expires 2011 t
2816
EXHIBIT A
Legal Description
A -1
Notice of A fforclabi lit), Restrictions (SI1OP)
1552 \03 \583949 I
2817
Order No.: PS 1751021 -U 12
LEGAL DESCRIPTION
LOT 21 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 Pieliminmy Report Fonn - Modified (11- 17 -06)
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