80A - TRANSIT CODE AND STATION DISTRICT - EXHIBIT J

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~`.~~~r~esf vt~ ~V'otr'c" kl~~at~s file F~egl~est for Notice of Defa~~lt attached l~er'eto as At#achn~ent ~o, a~~d irrcarporated herein, "~Re~tt~ic~ro~~~' means this Affar'dable Housing Resale Restriction. "Sa~es~~#r'c" ~eat~s the s~~rr7 to be paid by a Transferee for tl~e T~'at~sfer' aftl7e Propet~ty, "~'i~a~~s, f~~" shill rnea~~ a~~~ gale, a~sit~r~~rrt~ ~onve~i~ce, lease or' tra~s~ez~, ~alur~#ar~ ar~ involuntary, of any interest in tine Pr'oper~ty. ~tl~aut lrrnrtl~i tl~e ge~~exali#~ of the for'egoi~rg, Transfer shall irlcl~~de ~i~ a ~rat~sfer ~y devise, inheritat~ce ar' intestacy to a party ~vho daes not ~~eet the ~e~~~lt~on of a 11~aderate 7rlcon~o Househald; ~ii~ a life estate; (iii} creatiot~ of a joit~t tei~ar~cy interests Div} ~ gib of all ar' any portion of the Pr'aper~ty; a~' at~y ~alur~taty eorrveya~xce of tl~e Prope~'ty. Transfer shall ~~ot include tratrsfer' to ~ spouse In ~ dissol~~tlor~ proceeding. "7"r,u~~s, fet~ee" shill rn~at~ ~n~ ~~~tur~al pecan or ~l~tlty ~~l~a ahtairrs a~vne~'sl~ii~ ar' possessory r'rlrt ~~1 P~'opet"#~ purs~~arrt to a T~•~~sfer. Rest~•ic#iorls o~z aie of Pl•opet~~r, Hotnehuyer cove~rants az~d agrees that dur'it~g the Affo~'dabili#~ Per'iad, eaci~ s~~bsequer~t resale of tl~ Proper#~ by the then-o~~ner thereof shall be to a Nloder'at ~t~cot~e Household at an Affordable I~o~~sing host; provided, lro~~eve~~, that ~on~ehuyer~ i~~ Ilot~leb~ryer's sole discretion, tray elect #a tra~rsfer the Property at a price in excess of ate Affordable dousing ash d~~ritrg the Affordability Period thereby causing ate acceleration ~zndr ~ctia~l i ~f, of the A~~een~ent, i~r cot~slderation for' Ha~neo~vnet•'s payment to Agency of tixe ontit~ent ~quif~ Pa~~ticipatiarr amount a~ yet fat•#ll irr ectiatr o~ the Agk'~~1~1~I1t. i ~ome~uyc~~'s Repi~e~ez~tafioris alid 'aiir•alities as to fhe dale of size ~~#o~~erty to ~o~nbliyer, ~Ior~reb~~ye~~ ~'epreselrts and ~arr'ax~ts to Agency that tl~e ~nat~cial acid other ir~foi'n~atio~t ~~vhich Hoi~lebuyer has provided to Agency ~~rith respect to Plonrebuyer's incoxrke ar~d the purchase p~'ice of the Property eras true and cai'rect at the time such i~rfor~~nation eras provided, and rernairrs t~'ue and corriect as of the Date of this Restriction, Pertiri~~e~~ dales of #l~e Pi#aperf, Agency hereby peririit sales ofthe Pi'aperty to proposed Trairsferees ~vha are Moderate incorr~e Haiisellolds, at~d are appr'aved iii acco~'dance ltl~ this ectioir p~'ovided the dales Price does loot exceed ail Affordable Housing host to such proposed Transferee ~"peri~~itted Transfers"~, in the event that Hoine~u~fer desit+es to Transfer' fire Property during the Affordability Period, pr'ior' to the T~'at~sfer~ the o~virer shall ~~otify Agency by delivering a ~o~ice of Intent to Transfer to Agency, ~vlrich slrail indicate fhe ideirtity of #l~e proposed Tr'ansfer'ee v~l~o desires to p~irchase tl~e Proper*#y~ ~hetlier file pur'chaser' is a Moderate Income Ho~~sel~old, and ~vhetlier the sales price is at aid Affordable Housing ost~ lid addition to Haineb~~yer's and the pi•apased Transfer'ee's delivery of the Notice of Irlterrt to Ti'ai~sfer•, t~~e following procedure shall apply: Notice #o Agcrrcy. Harriebuyer shall send the Notice of intent to Transfer to Agency at the a~ldi'ess set forth in Section 2~, ualifica#iol~ of Proposed Trai~sfei~ee, The proposed Transferee shall provide Agency ~v~tl~ sufficient ii~fort~ation in the forin provided by Agency incl~~~liilg ~vlthotit ~~PIIBIT D-4 T ATTA.~HMENT N~. l l A~'fordable Housing Resale Restriction DDCS~C11 ~0~?3~F 1312~~~?~-ODD ~