Notice of Affordability Restrictions on Transfer of Property 2010-0049805i hECORIIEDATTHE,REOUEST:OF DOC # 201 0 - 0049805
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RECORDING REQUESTED BYAND JAN 29, 2010 3:46 PM
WHEN RECORDED MAIL•'TO: OFRDLLRECORDS
SArI DIEGO COUhIT, RECORDER'S OFFICE
Poway Redevelopment Agency FEES ID BUTLER L Ourlrr REr_uRDER
13325 Civic Center Drive PAGES: 6
Poway, CA 92064 �46C�� �1u11111111��illu11�11111��illHill 11111��ill Rill u1«11111��ill Rill ���1111
Attn: Executive Director
LS l ff /a - 6,11z-
NOTICE OVAFFORDABILITY 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 certaimobligations under the Community Redevelopment
Law of the State of California (Health and Safety Code Section 33000 et sec.), and
the Redevelopment Plan for the Paguay Redevelopment Project, has required Alex
and Patricia; 'arado a,Califomia Resident (the "Owner ") to enter into certain
affordability covelS and restrictions entitled, Agency Resale Restriction
Agreement and Option to,Purchase (the "Restrictions "), with reference to certain
real property (the "Property "), located at 12982 Metate Lane, Lot 27, Poway, San
Diego County, Assessor's'Parcel No. 317 - 350 -66 and further described in Exhibit
A, incorporated herein by,reference.
The affordability covenants and restrictions contained in•ihe 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.
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.
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 \533919.1
14626
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
provisioiis,of the Restrictions. Irrthe event of any conflict between this Notice and
the Restrictions, the terms of the Restrictions shall prevail.
The Restrictions have been recorded concurrently herewith onlllkav /111 as
Document /Instrument'No. _00'49 8'Q and shall remain in effect for forty -five
(45) years, commencing on the V' /O and terminating on
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 Redevelopment Agency
I:
Title: Executive Director
Notice of Affcrdabihty Restrictions (SHOP)
Low Income Household
1 552 \03 \583949 1
4& &Z
Flex A1V-e
—� (Type Name)
(Type Name)
14627
STATE OF CALIFORNIA )
) ss.
COUNTY OF SAN DIEGO )
On J before me, personally
appeared q9D (— IGLU (- no proved to
me on the basis of satisfactory evidence to be the personal whose name Xis
to the within instrument and acknowledged to. me thatoshe,ith y
executed the same in�iii ef/4heir authorized capacity(igs), and that b 1s /tkt�ir
signatur*) on the instrument-the person( or the entity" upon behalf of which the
persou(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.
WI. NESS my hand and official seal.
Coe Den 01787479
# Mokov P"ser' Cowon"
SM Ole" Cowley
STATE OF CALIFORNIA
ss.
COUNTY OF SAN DIEGO
me, on the basis of satisfactory evidence to be the person(s),whose
subscribed to the w
executed the same
signature(s) on the
ithi nstrument and acknowledged to me I
iler /their authorized capacity(ies), an
instrument the person(s) or the entity upon
person(s) acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of California
that the foregoing paragraph i "s true and correct.
WITNESS my hand and official seal.
Notice of Affordability Restrictions (SHOP)
1552 \03 \583949.1
PATTY N: SMITH
COMM. #1745493 n
V -
NOTARY PUBUC- CAUFORNIArA
o SAN DIEGO COUNTY 0
My Commission Expires
JUNE 13, 2011
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
.Z&AP
On . /✓� ,
appeared% «[�
before
14628
ss.
hyf�.�dp who proved to
me on the basis of satisfactory evidence to be the person(s) whose name is/ re
subscribed to the within instrument and acknowledged tome that he he he
executed the same in his/ er heir authorized capacity(ies), and that by hi eteir
sigriature(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 \583949.1
PATTY N. SMfTH
.- COMM. #1745493 O
d NOTARY. PUBUC•CAUFORNIAM
SAN DIEGO COUNTY n
My Commission Expires
JUNE 13.2011
EXHIBIT A
Legal Description
A -1
Notice of Affordability Restrictions (Sl10P)
1552\03 \583949.1
14629
Order No.: PSI 751027-U 12
LEGAL DESCRIPTION 14630
LOT 27 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 Prelumnary Report Ponn - Modified (11- 17 -06)
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