HomeMy WebLinkAboutContracts & Agreements_3-07A RDA_CCv0001.pdf Rocarded In O#t4clal RaOrk _lry of San Batnardiao 6/1212007
PLEASE COMPLETE THIS INFORMATION TtjLARRY WALKER M AM
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Auditor/Controller — Recorder
RECORDING REQUESTED BY.
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Doc#- 2007—0349750 Titles: f Pages: 7
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SPACE ABOVE FOR RECORDER'S USE ONLY
Title of Document
THIS COVER SHEET ADDED TO PROVIDE ADEQUATE SPACE FOR RECORDING INFORMATION
(53,00 Additional Recording Fee Applies)
(Rev 6100 ha) ewordrS:/Doc Exam/Cover Sheet)
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RECORDING REQUESTED BY AND )
WHEN RECORDED MAIL TO: )
Redevelopment Agency of the City of Redlands )
35 Cajon Street, Suite 200 )
Redlands, CA 92373-1505 )
Atte: 'Executive Director )
Exempt from recording Pee pursuant io Government Code Section 27383
MEMORANDUM OF .AGREEMENT
THIS MEMORANDUM OF AGREEMENT ("Memorandum"), is entered into as of June
7, 2007, by and between the REDEVELOPMENT AGENCY OF THE CITY OF REDLANDS, a
public body, corporate and politic (the "Agency"), and HABITAT FOR HUMANITY, SAN
BERNARDINO AREA, INC,, a California nonprofit corporation (the "Developer").
1. Agreement. Agency and Developer have entered into an Owner Participation
Agreement("Agreement"), dated as of March 20, 2007, which provides for Developer to redevelop
an approximately .12 acre parcel of real property which is located at Assessor Parcel Number 0169-
106-08 on Tribune Street in the City of Redlands (the "Site"),and described in Exhibit "A" attached
hereto and incorporated herein. The Developer is required to construct a single family detached
house (the "House") on the Site as a self-help, "sweat equity" project. and sell the House to a Very
Low Income Household at an Affordable Housing Cost, The Agency has provided a loan to the
Developer (the "Agency Loan") for a portion of the costs of the acquisition of the Site and the
development of the House. The Agreement is available for public inspection and copying at the
otTice of the Buyer, 35 Cajon Street, Suite 200, Redlands, California 92373-1505. All of the terns,
conditions, provisions and covenants of the Agreement are incorporated in this Memorandum by
reference as though written out at length herein, and the Agreement and this Memorandum shall be
deemed to constitute a single instrument or document.
2. Purpose of Memorandum. This Memorandum is prepared for recordation purposes
only, and in no way modifies the terms, conditions, provisions and covenants of the Agreement. In
the event of any inconsistency between the terms, conditions, provisions and covenants of this
Memorandum and the Agreement, the terms, conditions, provisions and covenants of the Agreement.
shall prevail.
1 of
The parties have executed this Memorandum of Agreement as of the date set forth above.
AGENCY:
REDEVELOPMENT AGENCY OF THE CITY
OF REDLANDS, a public body, corporate and politic
By-
N. Enr ue artinez, E e five Director
DEVELOPER:
HABITAT FOR HUMANITY, SAN
BERNARDINO AREA, INC., a California nonprofit
corporation
By: A
Paula Akompon , Executive Director
2 of 4
a o S Y?Y
1
MEMORANDUM OF AGREEMENT
EXHIBIT "A"
SITE LEGAL DESCRIPTION
That certain real property located in the City of Redlands,. County of San Bernardino, State of
California, and described as follows:
Lot 35 of Casa Loma Addition, in the Cit of Redlands, Count of San Bernardino, State of
Y Y
Cali fornia, as shown by map on file in Book 15, Page 33 of Maps, in of the offices of the County
Recorder of said County.
Assessor's Parcel No. 0169-106-08
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