Laserfiche WebLink
EXHIBIT G <br /> FORM OF NOTICE OF AFFORDABILITY RESTRICTIONS ON TRANSFER OF <br /> PROPERTY <br /> RECORDING REQUESTED BY, <br /> AND WHEN RECORDED MAIL TO: <br /> City of Santa Ana <br /> 20 Civic Center Plaza (M-30) <br /> P.O. Box 1988 <br /> Santa Ana, California 92702 <br /> Attention: City Clerk <br /> Free Recording pursuant to <br /> Government Code 6103&27383 <br /> NOTICE OF AFFORDABILITY RESTRICTIONS ON <br /> TRANSFER OF PROPERTY <br /> This Notice of Affordability Restrictions on Transfer of Property (or "Notice of <br /> Affordability Restrictions") is executed and recorded pursuant to the Density Bonus Housing <br /> Agreement With Declaration of Covenants, Conditions, and Restrictions (the "Density Bonus <br /> Agreement"),recorded on or about , 202_, in the Official Records of Orange County, <br /> against that certain real property generally located at (APN: ) in the City <br /> of Santa Ana, California ("City") as legally described in Exhibit l hereto ("Property"). The City <br /> of Santa Ana, a municipal corporation ("City"), and <br /> (collectively "Ilomebuyer") have entered into that certain <br /> Affordable Housing Resale Restrictions, Equity Sharing, and Regulatory Agreement, dated <br /> concurrently herewith ("Affordable Housing Resale Restrictions"). <br /> l. The Affordable Housing Resale Restrictions provides for affordability restrictions <br /> and restrictions on the transfer of the Property, as more particularly set forth in the Affordable <br /> Housing Resale Restrictions. A copy of the Affordable Housing Resale Restrictions is on file with <br /> City as a public record and is deemed incorporated herein. Reference is made to the Affordable <br /> housing Resale Restrictions with regard to the complete text of the provisions of such agreement <br /> and all defined terms therein, which provides for affordability restrictions and restrictions on the <br /> transfer of the Property. <br /> 2. The Affordable Housing Resale Restrictions contains restrictions on the sale of the <br /> Property and an equity sharing agreement for IIomebuyer to pay to the City certain proceeds from <br /> the sale of the Property upon the expiration of the Affordability Term for the Property. <br /> Page 71 <br /> Exhibit G <br /> 553 94,00101\43724951.1 <br />