RECORDING REQUESTED BY: Recorded in Official Records, Merced County 1/22/2016 9:26 AM
Barbara J Levey RE16
City of Merced, A California charter Merced County Clerk - Recorder municipal corporation
CM City of Merced G
Doc#: 2016-002270 Titles: 1 Pages: 6
WHEN RECORDED MAIL TO: Fees 30.00
Taxes 0.00
Other 0.00
City of Merced PAID $30.00
City Clerk
678 West 18'h Street
Merced, California 95340
(Above for Recorder's Use Only)
NOTICE OF AFFORDABILITY RESTRICTIONS ON
TRANSFER OF PROPERTY
RELATING TO HOME INVESTMENT PARTNERSHIPS LOAN
NOTICE: Restrictions have been recorded restricting the price and terms at which the real property described below in this Notice ("Property") may be sold or rented. These affordability estrictions may limit the sales price or rents of the Property to an amount that is less than the fai arket value of such amounts for the Property and limit the persons and households who ar permitted to purchase or rent the Property to persons or households with certain income levels.
Recorded Document Containing Affordability Restrictions ("Affordability Restrictions") recorded (check one):
as document No. 2016-002271 official records of
Merced County on January 22,2016:0r
Deed of Trust and Security Agreement
Name of Agency: City of Merced
Name of Property Owner: The Central Valley Coalition for Affordable Housing Property Legal Description: See Attached Legal Description (Exhibit "A") Property Street Address: 1820 1 Street, Merced, CA 95340 Property Assessor's Parcel Number: 031-082-015
X: \Agreements|Housing\2015|Notice of Affordability Restrictions - 1820 1 St to Coalition - v2.docx Affordability Restrictions Summary (check as applicable):
The Affordability Restrictions Restrict the amount of rent that may be charged for rental housing units on the Property, as follows:
As such terms are defined in the Deed of Trust and Security Agreement, Rent charged to tenants who shall be household of Low -Income shall not exceed sixty percent (60%) of the Area Median Income Adjusted for Family Size Appropriate for the Unit The Affordability Restrictions restrict the sales price that may be charged for sale of one or more housing units on the-Property, as follows: _ The Affordability Restrictions restrict the income level of tenants or purchasers of the Property, as follows:
As such terms are defined in the Deed of Trust and Security Agreement, Rent charged to tenants who shall be household of Low -Income shall not exceed sixty percent (60%) of the Area Median Income Adjusted for Family Size Appropriate for the Unit
The Affordability Restrictions commence on the date the Notice of Satisfaction of Obligations is filed and terminates after thirty (30) years.
This Notice is recorded pursuant to and in compliance with California Government Code Section 27287. This Notice is conjoined with CA AB 382, Chapter 596, Statutes of 2007.
CITY OF MERCED, A California charter
law municipal corporation
BY:
City Manager
X: Agreements Housing\2015 Notice of Affordability Restrictions - 1820 I St to Coalition - v2.docx 2 Notice of affordabalim
Rismitions on manster of
Propenty
APPROVED AS TO FOR:
KELLY C. FINCHER
Chief Deputy City Attorney
CENTRAL VALLEY COALITION FOR
AFFORDABLE HOUSING,
A Non-Profit Corporation
extra llly (Signature)
Christina Alle
(Typed Name)
Its: Chief Executwe Officer
(Title)
ACKNOWLEDGMENT
A hotary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.
State of California )
SS.
County of Merced
On _ 2015, before me.
a Notary Public, 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 capacityies), 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.
Signature
Notary Public (seal)
X: Agreements\Housing|2015\Notice of Affordability Restrictions - 1820 I St to Coalition - v2.docx 4 •
CALIFORNIA ALL-PURPOSE ACKNOWLEDGEMENT
A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.
State of California
ss
County of Merced }
On January 14, 2016, before me, Jennifer Bertuccio, Notary Public, personally appeared Christina Alley, who proved to me on the basis of satisfactory evidence to be the personts) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/theit authorized capacity(ies), and that by his/her/their signature(s) on the instrument the personts), 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.
JENNIFER BERTUCCIO
Commission # 2006833
Notary Public - California
Merced County
My Comm. Expires Feb 9, 2017
faste Atrocio
My Commission Expires:
February 9, 2017
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE § 1189 A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.
State of California
County of Merced
on Janurey 21, darl bedrama. DaioN Mendonca, NotaRy Public Here Insert Name and Title of the Officer
personally appeared John M. BramBle
Name(s) of Signers)
who proved to me on the basis of satisfactory evidence to be the person whose namels) is/aye subscribed to the within instrument and acknowledged to me that (hershe/they executed the same in his/ber/their authorized capacity(les), 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.
DAWN MENDONCA Dawn Mendenco
Commission 2126220 Signature
Notary Public - California Signature of Notary Public
Merced County
My Comm. Expires Oct 8, 2019{
Place Notary Seal Above
- OPTIONAL -
Though this section is optional, completing this information can deter alteration of the document or fraudulent reattachment of this form to an unintended document.
Description of Attached Document
Title or Type of Document: Document Date:
Number of Pages: _ _ Signers) Other Than Named Above:
Capacity(ies) Claimed by Signers)
Signer's Name: Signer's Name:
] Corporate Officer - Title(s): / Corporate Officer - Title(s):
Partner - : ] Limited " General Partner - [.] Limited I General Individual Attorney in Fact ] Individual I.: Attorney in Fact Trustee I Guardian or Conservator ! Trustee ! Guardian or Conservator ] Other: i Other:
Signer Is Representing: Signer Is Representing:
©2014 National Notary Association • www.NationalNotary.org • 1-800-US NOTARY (1-800-876-6827) Item #5907 •
LEGAL DESCRIPTION
(EXHIBIT A)
All that certain real property in the City of Merced, County of Merced, State of California, described as follows:
Lot 9, in Block 149, as shown on map entitled, "Supplemental Map to the Town of Merced", filed March 4, 1889 in the office of the County Recorder of Merced County in Volume 2 of Official Plats, at Page 12.