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25G - AGMT - INCLUSIONARY HOUSING AGMT
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04/07/2015
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25G - AGMT - INCLUSIONARY HOUSING AGMT
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Last modified
4/2/2015 4:28:32 PM
Creation date
4/2/2015 3:22:49 PM
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Template:
City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
25G
Date
4/7/2015
Destruction Year
2020
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The undersigned , is the Owner of the Inclusionary <br />Unit located at Santa Ana, California. On <br />20—, Owner provided City with written notice of its intent to sell the Incluslonaay <br />Unit. Owner has failed to Identify an Eligible Purchaser in accordance with <br />Article 3 — Section I of the Inclusionary Housing Covenants Declaration, and the <br />City has failed to exercise the City's purchase Caption pursuant to Article 3 — <br />Sectlon 11, Accordingly, Owner hereby notices the City of its Intent to make an <br />Extraordinary Sale of the Inclusionary Unit In accordance with Article 3 — Section <br />III of the Incluslonary Housing Covenants Declaration. <br />Attached herewith Is the estimate of the Fair Market Value for the Inclusionary <br />Unit as defined in the Inclusionary Housing Covenants Declaration. Owner <br />hereby acknowledges that the City shall retain City's Purchase Caption until the <br />time that Owner has accepted in writing an offer to purchase the Inclusionary <br />Unit from a buyer, and that all applicable time periods for an Extraordinary Sale <br />under the Agreement commence only upon City's receipt of this Notice. <br />Owner <br />Pnclusionaty Nearing Cov<xnanta'ClxrlaraHan ' � p1go I" <br />Notice or Extraordinary Salo Janmry -2015 <br />25G -87 <br />
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