Notice of Affordability Restrictions on Transfer of Property 2014-0300681U
RECORDING REQUESTED BY
TITLE365
F�
9�
�co�1
.,.err..'- .. .7�;�:.�- - •- E
IMMIJ 'P •
Poway Housing Authority
13325 Civic Center Drive
Poway, CA 92064
Attn: Executive Director
No/q-7 y
D O C K 2014-0300681
IIIIIIIIII IIIIIIII VIIIVIIIIIIIVIIIVIIIII IIIIIIIIII IIIIIII
JUL 18, 2014 8:00 AM
OFFICIAL RECORDS
SAN DIEGO COUNTY RECORDER'S OFFICE
Ernest J. Dronenburg, Jr., COUNTY RECORDER
FEES: 0.00
PAGES: 5
NOTICE OF AFFORDABILITY RESTRICTIONS ON
TRANSFER OF PROPERTY
(Poway Housing Authority- SHOP Program)
MODERATE INCOME HOUSEHOLD
NOTICE IS HEREBY GIVEN, that the Poway Housing Authority (the "Housing
Authority"), 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
Millad G. Bahhi and Mary H. Sado, Husband and Wife as Community
Property with Right of Survivorship, a California Resident (the "Owner ") to
enter into certain affordability covenants and restrictions entitled, Occupancy,
Refinancing, and Resale Restriction Agreement and Option to Purchase (the
"Restrictions "), with reference to certain real property (the "Property"), located at
12811 Dakota Street, Poway, CA 92064, San Diego County, Assessor's Parcel
No. 317 - 350 -50, 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 moderate income households at a
purchase price affordable to moderate income households.
2. The owner must occupy the Property as the Owner's sole residence.
3. The Owner must give notice to the Housing Authority before resale of
the Property.
Notice of Affordability Restrictions (SHOP)
Moderate Income Household
1552 \03\566709.4
4. The Owner is prohibited from further pledging the Property as security
for any debt and Owner must obtain Housing Authority 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. Zo I q — 0,.l6V (+2g and shall remain in
effect for forty -five (45) years, commencing on J vI 1-1 I e 2014, and
terminating on J u 14 1 E�> , 2059.
This Notice is being recorded and filed by the Housing Authority 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 Housing Authority 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.
POWAY HOUSING AUTHORITY:
By:
Daniel Singer, Execu ' e Director
OWNER(s):
.. do
2
Notice of Affordability Restrictions (SHOP)
Moderate Income Household
1552 \03\566709.4
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
OnJiC.✓r,?J ZD/ V 2014, before me, yGIrSJNV�Ajg6j 6[,epersonally appeared
A / it. tAh (j. &bM AM Mey14 -S, q Lii. , who proved to me on the basis of
satisfactory evidence to be the person(s) whose name(s) % /are subscribed to the within
instrument and acknowledged to me that ht/sUe /they executed the same in 1*/W /their
authorized capacity(ies), and that by bls/lXr /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.
No
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
PHYLLIS SHINN
Commission N 1956215
Z hb Notary Public - California i
_ San Diego County
M Comm. Expires Nov 9. 2015 r
AAA Pub Cc.
On 2014, before me, da'� S. 5 9', personally appeared
�( S k Lq or who proved to me on the basis of
satisfactory evidence to be the person(* whose name( ;s s **-subscribed to the within
instrument and acknowledged to me that he /shdd wy executed the same in his/her/tlieer
authorized capacity(iogs r and that by his /het tb* signature(b�on the instrument the person(*or
the entity upon behalf of which the person(* 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.
a-v 7
Notary
Notice of Affordability Restrictions (SHOP)
1552 \03 \566709.3
CANOL S. LEGG
Commission #t 1934186
Notary Public - California i
Z ' San Diego County
My Comm. Expires A r 28, 2015'
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
On 2014, before me, , 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.
Notary
Notice of Affordability Restrictions (SHOP)
1552 \03\566709.3
EXHIBIT A
Legal Description
APN 317 - 350 -50
LOT I I 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.
15741 FILED IN THE OFFICE OF THE COUNTY RECORDER OF SAN DIEGO COUNTY MARCH
5, 2009.
END OF LEGAL DESCRIPTION
A -1
Notice of Affordability Restrictions (SHOP)
1552 \03 \566709.3