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Deed 1362 DOC # 2010 - 0288221
06/23/2010 08:00A Fee:27.00
RECORDING REQUESTED BY: )
Page 1 of 5
Recorded in Official Records
County of Riverside 1
REDEVELOPMENT AGENCY OF ) Larry W. Ward
THE CITY OF CATHEDRAL CITY Assessor, County Clerk 8 Recorder €
AND WHEN RECORDED RETURN TO: ) IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII
REDEVELOPMENT AGENCY OF )
THE CITY OF CATHEDRAL CITY ) S R U PAGE SIZE DA MSC LONG RFD COPY
68 -700 Avenida Lalo Guerrero ) �1
Cathedral City, CA 92234 )
Attn: Agency Secretary ) M A L 465 426 PCOR NCO: SMF NCHG
27;- 03,4 - exnM
APN• 00- 27 ; -
APN: 680-272-032 ) V CL CTY UNI
(Space Above for Recorder's Use)
Exempt from Recording Fees Per Government Code Section 27383
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NOTICE OF AFFORDABILITY RESTRICTIONS ON
TRANSFER OF PROPERTY
Important notice to owners, purchasers, lenders, brokers, escrow and title
companies, and other persons, regarding affordable housing restrictions on the
real property described in this Notice:
Restrictions have been recorded with respect to the property as more fully
described in Attachment No. 1 attached hereto and incorporated herein by this
reference (hereinafter referred to in this Notice as the "Property ") which
restrict the price and terms at which the Property may be rented (the
"Affordable Housing Restrictions ") . The Affordable Housing Restrictions may
limit the rents of all residential housing units on the Property to an amount
which is less than the fair market value of the Property. The Affordable
Housing Restrictions also limit the income of persons and households who are
permitted rent and reside in the Property (referred to in this Notice #
individually as "Renter" or collectively as or "Renters ").
Title of Document Containing Affordable House Restrictions: Declaration of
Affordability Covenants (referred to in this Notice as the "Affordable Housing
Restrictions ").
The Affordable Housing Restrictions are recorded concurrently with this Notice,
official records of the County of Riverside, State of California.
Parties to Affordable Housing Restrictions: Redevelopment Agency of City of
Cathedral City, a public body, corporate and politic (the "Agency "); and Rancho 1
Housing Alliance, Inc. a California non - profit public benefit corporation
( "Developer ").
Term of Affordable Housing Restrictions: The term of the Affordable Housing
Restrictions shall be for fifty -five (55) years, commencing on May 3, 2010 and
terminating on May 3, 2065.
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Summary of Affordable Housing Restrictions:
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The Affordable Housing Restrictions restrict the rental price of the residential
units on the Property which may be charged for the rental of each housing unit
on the Property as follows:
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• Affordable Rent: As the minimal compliance with the Affordable Housing
Restrictions, the Property shall be maintained as affordable to a very
low income household as set forth in California Health and Safety Code
section 50053 (b)(2). The maximum monthly allowances for utilities and
services (excluding telephone) shall not exceed the utility allowances
set up by the housing Authority of the County of Riverside.
The Affordable Housing Restrictions restrict the income level of a Renter of any
housing unit on the Property as follows:
• Very Low Income households: Any Renter shall qualify as a very low
income household with income at or below 50% of the area median income,
adjusted by family size at the time of occupancy, for the County of
Riverside.
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The Affordable Housing Restrictions place the following additional restrictions
on the continued management and maintenance of the Property as follows:
• Occupancy Standards: every residential unit on the Property shall be
occupied as the principal residence of the Renter household under a
rental agreement in conformity with the standards set forth in the
Affordable Housing Restrictions and for no other purpose.
This Notice does not contain a full description of the details of all of the
terms and conditions of the Affordable Housing Restrictions. You will need to
obtain and read the Affordable Housing Restrictions to fully understand the
restrictions and requirements which apply to the Property.
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This Notice is being recorded and filed in compliance with health and Safety Code
Section 33334.3(f) (3) and (4), and shall be indexed against the Agency and the f
current owner of the Property.
Dated: REDEVELOPMENT AGENCY OF CITY OF
05/20/2010 3;
CATHEDRAL CITY
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Executive Direc or
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ATTEST:
By:
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Secretary
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ACKNOWLEDGMENT
State of California
County of Riverside
On Wednesday June 2, 2010 before me, Jim L. Sherman PUXQC-
(insert name and title of the offs r)
personally appeared Donald E. Bradley
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 a offici sea JIM L. SHERMAN
Commission # 1879166
Z Notary Public - California
t Riverside County
MY Comm. Expires Feb 2, 2014
Signature (Seal)
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1111111 IN 1111111111111111111111111111111111111 66:'2010-028 23J6 i3e :
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Attachment No. 1
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DESCRIPTION OF PROPERTY
Legal Description of Property:
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LOT 82 OF PALM VIEW ESTATES, IN THE CITY OF CATHEDRAL CITY, COUNTY OF F
RIVERSIDE, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 30, PAGE(S) 17
AND 18 OF MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA.
Street Address of Property:
32425 Monte Vista Road, Cathedral City CA 92234
APN:
680 - 272 -032 -0
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ATTACHMENT NO. 1, Page - 4 g
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