Notice of Affordability Restrictions on Transfer of Property 2010-0105841RECORDED AT THE EOUE6
CHICAGO TITLE,COMPAN�
SUBDIVISION DEPT.
RECORDING REQUESTED BYAND
WHEN RECORDED MAIL TO:
Poway Redevelopment Agency
13325 Civic Center Drive
QOC* 2010 - 0105841
11111111III11111IIII111111111111111III 11111 II 1111111111111 IN
MAR 04, 2010 8:00 AM
OFFICIAL RECORDS
SAI'l DIEGO COUPIT',' RECORDER'S OFFICE
DAVID L. BUTLER COIJPJT)' RECORDER
FEES 2400
PAGES: 6
Poway, CA 92064
Attn: Executive Director 111111111111111 Hill Hill 11111 Hill Hill 11111 Hill 11111 oil 1111
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
Aaron Kagchelland, 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 12952 Metate Lane, Lot 8, Poway, San
Diego County, Assessor's Parcel No. 317 - 350 -47, 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.
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
1735
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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. S g 3 g and shall remain in effect for forty -five
(45) years, commencing on the kg }D10 and terminating on
MAfl14t '{ 205)
This Notice, is being recorded and filed by the Agency in compliance with Health
and Safety Code Sections.33334.3 and /or Section 3341:3, 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:
PON
By:
Tit]
Notice of Affordability Restrictions (SHOP)
Moderate Income. Household
1552 \03 \566709.3
OWNE : -
Aoa-ov� Ngdie, t IGviJ
(Type Name)
(Type Name)
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CALIFORNIA AL L-PURPOSE AC.KNOWLEDGMENT 1731
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State of California
County of -San D ego J!i
On 12` 0 before me, �ep)�j _r 4tah p1 rhlir
Data /I ale I I or ma oraaar
personally appeared Ntyl n
n' rtr
r
who proved to meson the basis of satisfactory evidence to
be the person(&) -hose nameWgam subscribed to the
with' instrument and acknowledged to me that
Lei he eyexecuted the same in hrs(g eiFauthorized
capacity(ie<and that by-bWi er— ignature(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 y and and offici I.
Place Notary Seal Rowe Signature Ig, ur of Notary Pic
OPTIONAL
Though the information below is not required by law, if may prove valuable to persons relying on Me document
and could prevent fraudulent removal and reattachment of this form to another document.
Description of Attached Docun
Title or Type of Document:
Document Date:
Signer(s) Other Than Named Above:
Capacity(ies) Claimed by Signer(s)
Signer's Name:
❑ Individual
❑ Corporate officer — Tue(s): —
❑ Partner — ❑ Limited ❑ General
❑ Attorney in Fact
❑ Trustee
❑ Guardian or Conservator
❑ Other:
Signer Is Representing:
RIGHTTHUtdSPRINT.
OF SIGNER':''
Number of Pages:
Signer's Name:
Cl Individual
❑ Corporate Officer,— Tille(s):
❑ Partner — ❑ Limited O,General
❑ Attorney in Fact
❑ Trustee
❑ Guardian or Conservator
❑ Other:
Signer Is Representing:
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RIGHTTHUh1t3PRINT�
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1738
STATE OF CALIFORNIA )
) ss.
COUNTY OF SAN DIEGO )
On 2010, before me, m5yo aS Notary
Public, personally appeared AAY*OY1 Ka6 0KV l(a.wd
who proved to me on the basis of satisfactory evidence to be the person(A whose
name(is)'are subscribed to the within instrument and acknowledged to me that
he he /they executed the same it ii Iher /their authorized capacity(kq, and that by
V er /their signature(.4 on the instrument the personJs�or the entity upon behalf
of which the person(7) 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.
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
MM1
ss.
2010, before me,
M. WNGAS
COMM. #1680066 z
f� Notary Public - California o
= San Diego County
Comm. Expires Jul. 8,20!0J
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
Ll
EXHIBIT A
Legal Description
A -1
Notice of Affordability Restrictions (SHOP)
1552 \03 \166709.3
E
1739
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LEGAL DESCRIPTION
n
Order No PS1751008 -U12
1%40
LOT 8 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.
1 � rt3 FILED EJ THE OFFICE OF THE COUNTY RECORDER OF SAN DIEGO COUNTY MARCH
5, 2009.
END OF LEGAL DESCRIPTION
END OF LEGAL DESCRIPTION
CLTA Prelimnary Report Form - Modified (11- 17 -06)
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