Notice of Affordability Restrictions on Transfer of Property 2011-0039156A
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.RECORDING REQ.UESTED'BYAND
JAN 21, 2011 8:00 AM
WHEN RECORDED MAIL TO:
OFFICIAL RECORDS
SAN DIEGO COUNTY RECORDER'S OFFICE
Poway Redevelopment Agency
ErnestJ Dronenburg,Jr., COUNTY RECORDER
13325' Civic Center Drive
/
FEES: 30.00
PAGES: 6
Poway, CA 92064 300-7
Attn: Executive Director
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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
Shital Vora, 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 12964 Metate Lane, Lot 24, Poway, San Diego County,
Assessor's Parcel No. 317=350 -63, 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 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.
The Owner must give notice to the Agency .before resale of the Property.
Notice of Affordability Restrictions (SHOP)
Moderate Income Household
1553 \03 \566709 3
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 ,Nolo+( - p0-"' Island shall remain in effect for forty -five
(45) years, commencing on the (/ and terminating on
)ctnuc , 2057&.
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:
Notice of Affordability Restrictions (SHOP)
Moderate Income Household
1552 \03 \566709 3
(Type Name)
(Type Name)
3008
STATE OF CALIFORNIA )
) ss.
'COUNTY OF SAN DIEGO
i
On T 2011, b *re me, Notary
P 1 c, perso 11y appeared .
who proved to me on the basis of satisfactoq eviden& to be the person(s�rwhose
name ") Qa - subscribed to the within instrument and acknowledged.to me that
hr/ hey executed the same in his/ o"4 authorized capacity(ies), and that by
hips/ tht tr signature.(F4 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.
I QMVCWMBVWD*o2&2DlI SHELLEY COLLINS
WITNESS m h d and official seal. Commission a 1787479
y Nolary Public • Collfornla
San,Dl rtly
STATE OF CALIFORNIA )
ss.
COUNTY OF SAN DIEGO )
On oJQItICYsii(l8. 2011, before me d//�1, Notary
Public, per ally appeared
who proved tome on the basis of satisfactory evidence to be the person(s) whose
name(s is re subscribed to the within instrument and acknowledged to me that
she /t ey executed the same �r�hi her /their authorized capacity(ies), and that by
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 official seal.
l
Notice of Affordability Restrictions (SHOP)
1552 \03\566709 3
PATTY N. SMITH
COMM. #174s493
c m NOTARY PU6LIC•CALIFORNIA�
V SAN DIEOO COUNTY n
MY'CommissionExpires
JUNE 13, 2011 N
x=11
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)
1552031566709.3
3010
EXHIBIT A
Legal Description
Notice of Affordability Restrictions (SHOP)
1552\03\566709 3
I
m
3011
EXHIBIT "N'
LEGAL DESCRIPTION 3 012
LOT 24 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