Notice of Affordability Restrictions on Transfer of Property 2009-0705328RECORDED ATTHE'REOUESTOF DOC# 2009_0705328
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RECORDING REQUESTED BYAND DEC 22, 2009 8:00 AM
WHEN RECORDED MAIL, TO`.
OFFICIAL RECOFIG'; 10119
'SAN DIEGO COI INT', RECORDER'S OFFICE
DAVID L BUTLER CCUtJ i RECORDER
Poway Redevelopment Agency FEES -1t 00
13325 Civic Center Drive PAGES:
Poway, 92064
Attn: Executive Director y 11111 illpill 11111 Hill pill 111111111��� oil III
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J2S /-9S /oI S c>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 set.), and
the Redevelopment P.lan,for the.Paguay Redevelopment Project, has required Luigi
Gargaro, 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 12826 Dakota Street, Lot 15, Poway, San Diego County,
Assessor's Parcel No. M7- 350 -54, 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 of 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
155 2,03 \5667093
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.
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The Restrictions have been recorded concurrently herewith as
Document /Instrument No l- p1d�R5and shall remain in effect for forty -five
(45) years, commencing on the hw A4., and terminating on
7ecceinntv+r yZ , 205V.
This Notice is being recorded and filed by the Agency incompliance 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 Affordability Restrictions (SHOP)
Moderate Income Household
1552 \03 \566709 3
1)
(Type Name)
(Type Name)
10420
STATE OF CALIFORNIA
ss.
COUNTY OF' SAN DIEGO
10421
On rz IZ 200i ,before me, �AfIllUl , personally
appeared :_j who proved to
me on the basis of satisfactory evidence to be the persons) whose name(s)p /are
subscribed to the within "instrument and acknowledged to me that PhG4hey
executed the same in. ' 1s authorized capacity(ii ; >s � and that by it
-
signature(s on the instrument the person(Wor 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.
STATE OF CALIFORNIA )
) ss.
COUNTY OF SAN DIEGO )
SMLAY COLLIN
colon i 1787479
N610Y.puetlo • couton"
eon 04W county
16 111yGEUN�►B�1�s �, X11
On 1,Aloboog NO before me, 09GP 6,1,cs4j�k(k personally
appeared w o proved to
me on the basis of satisfactory e ' ence to be the person(sff whose namedare
-subscribed to the within instrument and acknowledged to me tha(LtNhe /they
executed the same i i / , r /their authorized capacity, and that b. ii". lier /their
signatuYe(4on the instrument the persons) or the entity upon behalf of which the
personal 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.
WITNF,SS4p_V,hand and official seal
Notice of Affordability Restrictions (SHOP)
1552 \03 \566709.3
M.,BRINGAS
SMYC'
comM. #1680066z Ntary Public California z
San Diego County
omni E +pires Jul, 8, 2010
EXHIBIT A
Legal Description
Notice of Affordability Restrictions (SHOP)
1552\03\566709.3
FEW
10422
10423
EXHIBIT "A"
Legal Description
PARCEL1:
LOT 15 OF CITY OF POWAY TRACT NO. 06 -06 THE MEADOWS, IN THE CITY
OF POWAY, COUNTY OF SAN DIEGO, STATE OF CALIFORNIA, AS SHOWN
BY MAP NO. 15743, FILED IN THE OFFICE OF COUNTY RECORDER OF SAN
DIEGO COUNTY, CALIFORNIA, ON MARCH 5, 2009.