Loading...
2010-10-05 6-B and Joint 2-A Settlement AgreementSir 1 MN 1 MN 1 AND M 1 UAL RELEASE This settlement agreement c menV' is entered into as of October 5, 2010 ("Effective Date"), by and among FRANCIS AND CATHERINE COLLINS ("Collins"), the CITY OF ALAME A ("City"), the CITY COUNCIL of THE CITY OF ALAMED A, ("Council"), and the CITY of ALAMEDA COMMUNITY E\4PR VEME T COMMISSION Collectively, the City, the Council, and the CIC are referred to herein as "the City Panties." Collins and the City Parties are referred to herein as "Parties." RECITALS A. Collins is the sole owner of approximately a 9.4-acre property within the City located at the street address of 2229 -2235 Clement Avenue, Assessor's Parcel Numbers 071-0289-005-00 and 071-0290-001 (the `Property which Collins seeps to develop with residential housing, B. on February 13, 2007, Collins filed Collins y. City of Alameda Alameda County Superior Court Case No. RG0 to ("Coflins-2" a petition for writ of .mandate and complaint for injunctive and declaratory relief that seeps, among other things, to require the City to take various actions with respect to the zoning for the Property, Collins -2 is the second of three lawsuits that Collins filed against the City and the Council in Alameda County Superior Court in 2006 and 2007 regarding his plans to develop the Property. The other two lawsuits are: Collins v. City of Alameda Alameda County Superior Court Case loo. R 0627 9 ("Collins- I") and Collins v. City of Alameda Alameda County Superior Court Case No. RG07319891 C 'Collins-Y'). Collins -1, Collins -2, and Collins-3 are collectively referred to herein as "Plaintiff 's Lawsuits," Plaintiff's Lawsuits have been dismissed in their entirety. In March Zoo Collins submitted a new application, for a Major Design Review, Planned Development Peri and Rezoning of the Property to authorize development of the 242 -unit Alameda Boatworks Project Proposed Project"'), D. Since 2008, the Parties have been engaged in settlement discussions that have msulted in agreement on the scope of a proposed alternative development project ("the Reduced Density Alternative" A conceptual site plan "Site Plan" for the Reduced Density Alternative is attached hereto as Exhibit 1. E. on June 9, 201 the City published the Final Environmental Impact Report CEIR") for the Proposed Project pursuant to the Galifornia Environmental Quality Act CeFQA"), Public Resources Code section 2 et sect. The EIR analyzed and evaluated the potentially significant impacts of the Proposed Project and of several alternatives, including the Reduced Density Alternative. F. On June 21, 2010, the City of Alameda Planning Board ("Plannin Board") adopted Resolution Nos, P -10-04, PB- 10-05, P 10-06 and Pi 10-07, r coy mending that the Council certify the EIR and approve a goneral plan amendment "C PA" and rezoning ("Rezone"') the Property consistent with the Reduced Density Alternative and endorsing the Reduced Density A1tcrnativc. G. On Jul 15, 2010, the Planning Board adopted Resolution No. 10 -1 City Council p Regarding Page I of 16 Public Hearin Agenda Item #6-B 10-05-10 denying the Proposed Project. On July 22, 2010, Collins appealed that denial to the Council "the Appeal"). H. On September 2 8, 20 10, Colli ns submitted applications to the City for the approval of a Tentative Subdivision Map and Density Bonus "Reduced Density Applications") for the Reduced Density Alternative. 1. on October 5, 2010, the Council certified the EIR, adopted the GPA and the Rezone, and denied the Appeal. J. The Parties now desire to resolve all disputes that exist among them relating to the foregoing recitals or the subject of this Agreement. AGREEMENT NOW THEREFORE, for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Parties hereby stipulate and agree as follows: ARTICLE 1: PURPOSE of AGREE ME T AND COMPONENTS OF THE .EDUCED DENSITY ALTERNATIVE 1,1 Purpose of Agreement: The purpose of this Agreement is to clarify the process and parameters that will govern the City Parties' consideration and possible approval of the Reduced Density Applications and to establish certain of the Parties' respective obligations with respect to the Reduced Density Alternative In the event that the City Parties approve it. 1.2 Reduced. Density Alternative: The Reduced Density Alternative shall include the following components "the Reduced Density Alternative Components"), as further defined elsewhere in this Agreement; 1,2.1 Site Plan: A site plan and layout consistent: with the Site Plan, including the "Planning Board Clarifications and Conditions," attached hereto as Exhibit 1, 1.2.2 Maximum Number of Housing Units and Maximum Square, Footage: No more than one hundred and eighty -two 1 housing units ("Maximum m Nu ber of Dousing Units"). Each individual dwelling, as defined by Alameda Municipal Codc "AMC" Section 30-2(b), shall constitute a Housing Unit for the purposes of this Agreement. The total combined floor area, in luding garages, of all market rate single family homes shall not exceed fours hund and seven thousand (407,000) square feet, (a) The Maximum Number of Housing Units shall include no iinore than one hundred and forty 140) base units ("Base Units") and no more than forty -tiro (42) density bonus units ("Density Bonus Units"). The Parties recognize that, in order to achieve tho Maxie num Number of Horsing Units and pursuant to the City's I emsty Bonus Ordinance ("Density Bonus O rdi nee" AMC Section 30-17, Collins has requested in his Density 1 onvis Application that the City waive the following two de elopmont standards i AMC Section 30- 53,2's prohibition on building perinits for "Multiple Housing Units and (ii) AMC Section 30- 4.2's 2,000 square Foot minimum lot size for the R -2 Zoning District. The Parties further recognize that, in processing this request, the City Parties must comply with the State Density Page 2 of 1 Bonus Law, Gov't Code section 65915. (b) A of thirteen 13 Housing Knits (which is nine percent of the rna irnurn number of possible Base Units) shall be restricted for occupancy by "Very Low-Income e Households" and a minimum of eight Housing Units (which is six percent of the maximum number of possible Base Units) shall be restricted for occupancy by "Moderate- Income Households" {collectively, "the Affordable Housing Units' The Parties recognize that the Affordable Housing Units are intended to satisfy the CI C's fifteen percent (15%) inclusionary housing requirements established under CIC Resolution Nos. 09 -163 and I 27 ("Inclusionary Housing Requirements"). Dental Affordable Housing Units shall be rented to income eligible households at rental rates no greater than that considered as affordable rent for Very Low Income Households or Moderate Income Households, as applicable, adjusted for family size appropriate to the unit, pursuant to California Health and Safety Code Section 50053, For -sale Affordable Housing Units shall be sold to income eligible households at an "Affordable Housing Cost" as defined in Health and Safety Code Section 50052.5. The CIC will initiate any necessary resolutions to allow for the distribution of the affordable units as proposed by Collins. 1.2,3 Open Space: A minimum of approximately two 2 acres of publicly accessible open space "Open Space" in approximately the same locations as shown on the Site Ilan. Lands that, as of the Effective Date, are owned by the U.S. Array Corps of Engineers ("Corps") and are not submerged may be included within this two-acre minirnum, provided that i all Open Space is actually constructed and maintained in accordance with the requirements set forth in Article 2, belo w, and (ii) within five 5 years from the Effective Date, either a the City tales ownership of orb Collins obtains a real estate license from the Corps that would alloy for development of such Corps" lands as public open space. ARTICLE 2: COLLINS' OBLIGATIONS 2.1 Diligent Pursuit of Approvals for the Reduced Density Alternative; Collins shall diligently pursue, all governmental approvals necessary to develop the Reduced ]density Alternative, including the Reduced Density Applications, any further permits or approvals required under the City Parties' laws and regulations, including the City of Alameda Standard Plans and City of Alameda Standard Subdivision Spec il #icatlons and Design Criteria, and any permits or approvals required by other governmental agencies. To the extent that the City Parties require additional information from Collins to process the Reduced Density Applications, Collins shall provide that information in a timoly manner. At the request of Collins, the City shall consider incorporating those terms of this Agreement that are within the City's authority and jurisdiction into a development agreement. 2.2 Development of Reduced Density Alternative: Provided that the City Parties approve the Reduced Density Applications by the "Final Action Date," as defined in Section 3.1.4, below, Collins shall develop the Reduced Density Alternative consistent with the Deduced Density Alternative Components and as specified in the r Y-nai nder of this Article 2: Page 3 of 1 2.2.1 Hazardous Material Remediati n: Prior to approval of the first final subdivision map ("First r4nal Map" for the Property or any portion of the Property covered by the First Final Map, Collins shall obtain written confirmation from the California epartrnent of 'T oxic Substances Control "DTSC" and from any other non -City envir nrncntal regulatory agency with jurisdiction over hazardous materials on the Property, that rernediati n of the Property or applicable portion thereof) has been completed and that the Property r portion thereof) is protective of human health and safety and the environment for the residential and open space uses indicated on the Site Plan. If the First Final Map is only for a portion of the Property, then the same requirements as set forth in the preceding sentence shall apply for any subsequent initial final snap for any remaining portion(s) of the Property. 2.2,2 open Space: Prior to issuance of the building penult for the one hundred and first (101st) market-rate Housing Unit or within forty months of the issuance of the final inspection for the first Housing Unit, whichever occurs first, Collins, at his sole expense, shall: a) Complete construction and development of all open Space; b) Provide the City with, and dedicate to the City, a permanent public access easement to all Open Space. This public access easement shall. i allow unlimited public access between the hours of dawn to dusk, subject to the rules of the Alameda Recreation and Park Department rtment "Par Rules" set forth in the attached Exhibit 2 and as those Park Rules may be amended in the future, provided that any such amendments are generally applicable to other similar open space areas in the City; and (ii) substantially conform to the form f public access easement attached hereto as Exhibit 3. Collins shall have no obligation to provide security personnel or otherwise police the parr; (c) Establish a mechanism to ensure maintenance of the Open Space in perpetuity by the Property owners at no expense to the City ("Maintenance Finance Mechanism"). To meet this requirement, Collins shall en ure that Covenants, Conditions and Restrictions "C 's" acceptable to all Parties, am recorded for the Homeowners Association CHOA") for the Property that include sufficient and irrevocably dedicated Open Space dues to fund the maintenance of all Open Space and associated improvements, including, but not limited to, seawalls, doors, decks, structures, and landscaping. The CC &R's shall include a provision, acceptable to all Parties, requiring that the dedicated Open Space dues cannot be reduced and that if the Il i. is dissolved or sufficient funds are otherwise not available frorn dues to fund the Maintenance Finance Mechanism, the individual homeowners will not object to the City placing a lien on their properties to Fund the Maintenance Finance Mechanism. The Maintenance Financc Wchanism shall also fund a replacement reserve for existing seawalls, consistent with standard engineering and asset management practices, The Maintenance Finance Mechanism ball be established, and the CC&R" s shall be recorded, prier to the recordation of the First Final 14 p for the Property or any portion thereof. (d) Collins including his successor(s)) may contract with a private entity to maintain the Open Space, provided, however, that Collins shall first enter into a written agreement with the City ("Maintenance agreement" pursuant to hich he: i obtains the City's prior; approval for minimum applicable maintenance standards consistent with the City's maintenance of others municipal. parks; h agrees to hold Harmless, indemnify, and defend the City Parties, and. their respecfivee officers, directors, governing members, employees, Page 4 of 1 contractors, attorneys, and agents, rand their successors and assigns, and each of tbem, from and against all liabilities, penalties, costs, losses, damages, expenses, causes of action, claims, demands, or judgments, including without limitation, reasonable attorneys fees, arising from or in any way connected with injury to or the death of any person or physical damage to any property, resulting from any act, omission, condition or other matter related to or occurring on or about the Open Space as a result of the design, construction, or maintenance of the open Space, unless due to the sole negligence or willful misconduct of any of the City Parties; and (iii) maintains insurance in an ainount not less than the standard insurance coverage "Standard Insurance Coverage" that the City requires for its contractors to cover any such injury, death, or damages. The City's current Standard Insurance Coverage requirements are set forth in Exhibit 4. The Parties recognize that the amount of the Standard Insurance Coverage requirements may increase over time. If the Parties are unable to reach agreement on the terms of the Maintenance Agreement, they. the City shall maintain the open Space with funding provided by the Maintenance Finance Mechanism, 2,2.3 Affordable Housing: Prior to issuance of the building permit for the one hundred and first (101st) inar et -rate Hoasing Unit, Collins shall construct and secure final inspection for all Affordable Housing Units. (a) The Affordable Housing Units shall be constructed pursuant to, and subject to the terms of, the IC's Inclusionary Dousing Requiremcents. b) The Affordable Housing Units, which may be either; rental or fog* sale, may be located in one or more multi family buildings. Affordable requirements applicable to rental Affordable Housing Units shall be set forth in an Affordable Rental Mousing Agreement substantially in the form attached hereto as Exhibit affordability requirements applicable to for -sale Affordable Housing Units shall be set forth in an Affordable For -Sale Housing Agreement substantially in the form attached hereto as Exhibit 6. 2.2.4 EIR Mitigations and on -Site Improvements: Collins shall fund and construct all on -site improvements and mitigation measures that are: i identified for the Reduced Density Alternative in the Mit1g ation Monitoring and Reporting Program "1 MRP'l for the E1 or (ii.) reasonably required by any governmental entity with jurisdiction over the site. A copy of the MM RP is attached hereto as Exhibit 7. Collins reserves the right to propose substitute mitigation measures at a future elate, pursuant to CEQA, for the City to consider for possible adoption. 2.2.5 Off -Site Improvemeiits and EIR Mitigation: Except as specified iii Section 3.4, below, Collins shall fund and construct those irnprovcmeats and mitigation measures required in the 1 MRP or by any governmental entity. Such improvements shall include, but not be limited to, resurfacing half the width i.e., from the centerline to the edge of the curb of Oak Street, and resurfacing Clement Street from the edge of the curb line to the edge of the closest rail in the existing railroad lines. 2.2.6 Compliance with Applicable Laws and Re gulations: Collins ~shall comply with all federal, state, and local laws aad regulations applicable to the development of the Reduced Density Alternative, including conditions of approval imposed by the City Parties where such conditions are a matter of published policy or regularly imposed on comparable dcvelopments, except to the extent that the City Parties have expressly agreed to waive or modif Page 5 of 1_ any City requirements as part of this Agreement. 2.3 Assignment of ights and obligations: Collins may assign his rights and obligations under this Agreement to any other person or entity, pro id d that the City has first agreed in writing that the person or entity is qualified to develop the Reduced Density Alternative, which agreement shall not be unreasonably withheld by the City. ARTICLE 3, CITY PARTIES' OBLIGATIONS 3.1 City Processing of Reduced Density Applications: City staff shall cooperate in good faith with Collins in processing the Reduced Density Applications and any other approvals or applications required by the City Parties for the Reduced Density Alternative, In the opinion of the Parties, the Deduced Density Alternative represents a financially feasible development of the Property. 3.1.1 Planning Board Consideration. As soon as City staff determines that it is practicable and consistent with all applicable laws, City staff shall schedule a public hearing to present the Reduced Density Applications to the Planning Board for consideration. 3.1.2 City Council Consideration: As soon as City staff determines it is practicable after the Planning Board's actions or recommendations on the Reduced Density Applications, and consistent with all applicable laws, City staff shall sehednle a public hearing to present to the Council and the CIC for consideration any component of the Reduced Density Applications that requires Council or CIC approval or action. 3.1.3 City Discretion to .Approve or Deny the Reduced Density Alternative: The Planning ]hoard and Council, respectively, shall consider the Reduced Density Applications at public hearing(s) held in accordance with all applicable laws. The Parties expressly recognize that nothing in this Agreement shall limit or purport to firm it the City Parties' discretion to approve, condition, modify, or deny the Reduced Density Applications or any other project proposed for the Property. 3.1.4 Final Ae i n Date: The City Parties shall male best efforts to take final action to approve or disapprove the Deduced Density Applications ("Final Action" within four months of the Effective Date, and the Parties anticipate that the City Parties shall, at the. latest, tale Final Action within six months of the Effective Date "Final Action Date"). (a) If City staff determine that any of the Reduced Density Applications are incomplete, the Final Action Date shall be extended by the period of time it tales Collins to complete the application. b) Following City staff's determination that all of the Reduced Density Applications Ue complete, if C011iDs tales more than a total of thirty 30 days to provide City staff' with additional inform -ation that staff determines is necessary to process the Deduced Density Applications, t.heii the Fin. l Action Date shall be extended by the additional number of days it tapes Collins to provide that information. n. c If the Final Action Date is extended pursuant to Page 6 of subsections (a)-(b) of this Section 3.1.4 for more than one 1 year from the Effective Late, then upon sixty 6 days writtrm notice to the other Parties, any Party may terminate the Agreement unless the City Parties have taken Final Action by that point, and if the City Parties have not taken Final Action, then the Parties shall have no further rights r obligations under this Agreement. The Parties shall also have no further rights or obligations under this Agreement if the City Parties have not taken Final Action within two 2 years of the Effective Date. 3.1.5 Final City Action: If the City Parties do not tale final action b the Final Action Late to approve the Reduced Density Applications in substantial conformance with the Reduced Density Alternative Components, then the Agreement shall terminate and the. Parties shall have no further rights or obligations under this Agreement. (a) Within ten 10 days of any final action by the City Parties to approve the (educed Density Applications, Collins may notify the City Parties in writing that he believes that the approval is not 'in substantial conformance with the Duel Density Alternative Components and wishes to terminate this Agreement, in which ease the Agreement ent shall immediately terminate and the Parties shall have no further rights or obligad'o s under the Agreement. If Collins does not so notify the City Parties within the specified time period, then the City Parties' approvals shall be conclusively deemed to be in substantial conformance with all Reduced Density Alternative Components. (b) If this Agreement ent t.erminates for any of the possible reasons set forth in Sections 3,1.4 or 3.1.5 of this Agreement, then the Parties shall not be deemed to have waived any rights they had as of the Effective Date. 3.1.6 other City Approvals: City staff shall cooperate in good faith in the processing of, and the appropriate City Parities shall timer consider, any other approvals necessary for Collins to develop and construct the Reduced Density Alternative, 3.2 other Governmental Approvals: Consistent with all applicable laws, the City Parties shall cooperate with and support Collins in obtaining all approvals and permits from non -Cit governmental entitles necessary for Collins to develop and construct the RMuced Density Alternative. 3.3 Financial Assistance; Provided that the City Parties apps ;o e the I edu e l Density Applications by the Final Action Late, and as further specified below, the City Parties shall provide Collins up to a maximum of four million four hundred thousand dollars million in financial assistance ("Maximum imam Financial Assistance'') to redevelop the Property by cons[ructing the Reduced Density Alternative. The Maximum imum Financi l Assistance shall include the valuo of all fees or taxes waived by the City well as all Tax Increment amounts paid to Collins by the CI C, but shall not include the costs incurred by tbe' City Parties in funding or constructing the off -site traffic mitigations specified in Section 3.4. 3.3.1 City Waiver of Dwelling Unit Tax; At the time that Collins applies for a building permit for each Housing Unit, the City shall wive in its entirety the applicable dwelling unit tax r quirod pursuant to AMC 3.60 ("Dwelling ift Tax"). 3.3.2 City Deferment and Waiver of Foes; The City shall allow Collins to defer; payrnent of all City impact fees, as Listed on the attached Exhibit "City Impact Fees"), until immediately prior to the final inspection approval, pursuant to the AMC, of each Pagc 7 of 16 Housing Unit. In addition, the City shall waive: i fifty pereent oho of a City Impact Pees for the Affordable lousing Units and b) the City's Improvement Tax for the Affordable Housing Units; and (ii) all demolition permit fees and all hauling fees related to remediation activities that Collins incurs in connection with his obligations under Section 2.2.1 of this Agreement. 3.3.3 CIC Payments: Subject to Collins and the CIC entering into a mutually acceptable owner Participation Agreement "OPA" as provided in subsection 3.3.3(c) below, the CIC shall pay Collins that portion of the site specific property tax increment revenue allocated and paid to the CIC pursuant to California Health and Safety Code Section ob, and mailable to the CIC to fund the Eligible Activities (defined below), attributable to assessed values of the Property, including improvements thereon, in excess of the assessed values for the Property and improvements thereon for the 2009/2010 property tax year ("Tax Increment''). The Tax Increment payable to Collins, including the 0% Set Aside Funds and Ton Dousing Funds portions (each defined below), shall be more particularly defined in the OPA. All Tax Tnerement paid to Collins shall be used exclusively for eligible redevelopment activities and costs ("Eligible Activities on the Property that are consistent with all applicable requirements of the Community Redevelopment levelopment Lair (Health Safety Code section 33000 et se q.) and the CI 's Business and Waterfront Improvement Plan "BWIP as well as the settlement agreement entered into on April 25, 1990, between the City of Alameda and Clayton Guyton and 1 odessa Henderson the "Clayton Guyton Settlement Agreement (a) Beginning on the date the CIC first receives Tax Increment from a reassessment triggered either i by Collins' sale of the Property to a third -party or h by any other event, provided that Collins has undertaken substantial site preparation or other improvements on the Property, and continuing for forty -eight months thereafter ("'Anticipated Project Build -out Period"), the CIC shall pay to Collins for Eligible Activities specifically related to the Affordable lousing Units one hundred percent 100°x) of that portion of the Tax Increment required to be set aside for affordable housing pursuant to the CRL ("20% Housing Set Aside Funds Upon conclusion of the Anticipated Project Build-Out Period, regardless of whether project build -out has occurred, the CIC shall continue to pay Collins, for Eligible Activities specifically related to the Affordable lousing Units, one hundred percent (100%) of the ,ono Mousing Set Aside Funds for a maximum period of ten 10) additional years, or until such time as the MaximLim Financial Assistance has been provided, whichever occur first, (b) During the Anticipated Project Build -curt Period, the CI shall also p -ay to Collins fifty percent 0% of the portion of Tax Increment that is not required to be set aside for affordable housing under the C L "Non Housing Funds" for Elicrible Activities 'Costs, Upon co nelus ion of the A. ticlpated Project Build -Dint Pei iod, regardless f whether project build -out has occurred, the CIC. shall continue to pay Collins for Eligible Activities costs fifty percent of the Non-Housing Funds for a maximum period of seven 7) additional years, or until such tinic as the Maximum Financial Assistance has been provided, whichever occurs first. (c) The Parries shall jointly establish an escrow account ("Escrow Account" with First Aincrican Title Company, Pleasanton Office ("Escrow Holder"). The CIC shall deposit the appropriate amounts of Tax Increment into the Escrow Account within thirty days of recciving the same. The Parties small execute and submit to Page 8 of the Escrow Folder joint escrow instructions authorizing Escrow Holder to disburse funds to Collins for reimbursement of Eligible Activities costs upon Escrow Holder's receipt of written verification from the City that i Collins has paid to the City all City Impact Fees then owed to the City, and (ii) the CIC has determined, pursuant to subsection d of this Section, that all costs incurred by Collins for which Collins is seeking reimbursement are for Eligible Activities. The P shall each pay fifty percent 50% of any fees and costs incurred by the Escrow Holder in connection with the Escrow Account. Collins shall be entitled to receive all interest monies generated while funds are in the Escrow Account, provided that in no event shall Collins receive more than the Maximum m Financial Assistance, If, as a result of interest generated while funds are in the Escrow Account, the total amount of funds that would otherwise have been disbursed from the Escrow Account to Collins exceeds the Maximum Financial Assistance, then any remaining funds shall be returned to the CIC. d) To ensure that Collins' Affordable Housing Unit obligations are fully satisfied and that Collins uses the Tax Increment provided by the CI exclusively for Eligible Activities, Collins and the CIC shall negotiate in good faith a mutually acceptable OPA pursuant to the CRL. The OPA shall, at a minimum, provide a mechanism for: (i) the CIC to ensure that the costs which Collins proposes to pay with, or be reimbursed from, Tax Inerement are for Eligible Activities, including by requiring an accounting of how all Tax Increment funds will be used; h the CIC to ensure that Collins is complying with any applicable pre ailing gage re uiremcnts triggered by use of the Tax Increment pursuant to applicable CRL requirements; (iii) imposition of covenants running with the land to ensure that Collins and his successors continue to meet all of the OPA requirements, including those pertaining to affordable housing obligations and maintenance and use -of the Property, pursuant to applicable CRL requirements, and i Collins and the CIC expeditiously resolve any disputes regarding the foregoing. If Collins and the CIC are unable to agree on terms of a mutually acceptable OPA prior; to the Final Action Date, then the Parties shall have no further rights or obligations render this Agreement. e At least thirty days prior to requesting any disbursextuent of Tax locrement funds from the Escrow Account, Collins shall submit to the CI a report identifying the Eligible Activities costs for which these specific funds are to be used "Proposed ed L cn i urie Report"'). The CIC shall, within thirty days of receiving the same, determine 1n good faith whether the activities specified in the Proposed Expenditure Report comply with the CRL and the BWIP and shall promptly notify Collins and the Escrow Holder of its determination. If the CIC determincs that the costs are not for Eligible Activities, then the Parties shall cooperate in good faith to revise the Proposed Expenditure Report to ensure that the subject funds will only be used to pay Eligible Activities costs. The provisions of this subsection e will be further elaborated in the OPA. 3.4 Off-Site Traffic Mitigations: The City Parties shall be responsible for funding a portion of the off -site cumulative traffic mitigation measures identified in the MMRP for the Deduced Density Alternative, asp specified in the attached Exhibit 7. ARTICLE NO FURTHER CHALLENGES I APPROVAL 4,1 No Further r; Challenge In the event that, prior to the Final Action Date, the Council approves the Reduced Density Applications in substantial conformance with the duced D ens ity Alternati v c Components, then C ollins agrees never to file or support in any Page 9 of 1 way, financially or otherwise, any claim, cause of action, lawsuit, or demand, or action of any kind against the City Parties arising from or relating to: the City Parties' final action on the Proposed Project; the City Parties' final action on the Deduced Density Alternative; or the matters alleged in Plaintiff's Lawsuits. 4.2 Tolling of Statute of Limitations: All statutes of limitations and other time periods or deadlines that may apply to or affect any claims, causes of action, or defenses arising from or related to the Council's denial of the Appeal shall be tolled from the date of that denial until the Final Action Date or the date that the City Parties take action to approve or disapprove all components of the Deduced Density Applications, whichever occurs first. ARTICLE 5, DISPUTE RESOLUTION 5.1 Dispute Resolution Procedure: No Party may File or pursue any litigation regarding any dispute, claim or controversy arising out of or relating to this Agreement or the breach, termination, enforcement, interpretation or validity thereof, until at least forty -five 4 days after it serves a written demaDd to cure on the other Party or Parties, during which time any statutes of limitation, repose or other similar deadlines shall be tolled. In the event that such a written demand to cure is served, the Parties small meet and confer in a good faith effort to resolve the dispute, claim or eontrovcrsy. If such meet and confer; efforts fall, then the Part asserting a dispute, claim or controversy may File litigation immediately after expiration of the forty -fire day period referenced above. ARTICLE RELEASE ALTO WAIVER of CLAIMS 6.1 Release by Collins: Except as to the rights, claims, or obligations as may be created by this Agreement, Collins waives, releases, and forever discharges the City Parties and their agents, employees, officers, or officials from any and all actions, causes of action, claims, complaints, obligations, costs, expenses, damages, losses, liabilities, judgments, and demands that Collins ever had or now has, or may have in the future, whether known wn or unknown: i arising from or related to the wets which are the bases for Plaintiff' La rsuits or the subject of this Agreement; and (ii) for dal .ages to the Property or any portion of or interest in the Property, or to any person with are interest in the Property, for the City Parties' alleged unreasonable pre condemnation conduct or delay with respect to the Property, alleged unreasonable pre-condemnation interference with the use, financing, sale, or development of the Property, or other claims under the theory of Mopping City of Whittier (1972) 8 Cal. 3d 39, regardless of whether the City Parties use eminent domain to acquire the Property, or any portion of or interest in the Property. 6.2 Release by the City Parties: Except as to the rights, claims, or obligations -cis may be created by this Agreement, the City Panties waive, release, and forever discharge Collins and his agents from any and all actions, causes of action, claims, eomplahits, obligations, costs, expenses, damages, losses, liabilities, judgments, and demands that the City Parties ever had or now ba e, or may have in the future, whether known or unknown, arisin from or related to the facts which arc the bases for Plaintif'f's Lawsuits or for any affirmative def'eftses pled, or that could have been pled, thereto. 6.3 1542 Release: The releases agreed to by Collins and the City Parties in this Article, 6 are intended to he a full settlement of each and every claim of every kind and Page 10 of 1 nature, known or unknown, as between those parties for whom a release has been exchanged arising from Plaintiff's Lawsuits or the subject of this Agreement. Collins and the City Parties each certify that they have read Section 1542 of the California Civil Code, set out below: A general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time of executing the release, which if known by him or her must have materially affected his or her settlement with the debtor. Collins and the City Parties expressly waive application of Section 1542 of the Civil Code "1.542 Release") Collins and the City Parties each understand and acknowledge that the significance and consequence of the releases in this Agreement, combined with the 1542 Release, is that even if any said Party should eventually suffer additional damages or harm ar 'i sing from the Plaintiff's Lawsuits or the subject of this Agreement, said Party is not permitted to make any claim for such damages. Collins and the City Parties each further understand and acknowledge that it accepts the 1542 Release even as to unknown clairns for damages arising fxoln the Plaintiff's Lawsuits or the subject of this Agreement that may exist as f the Effective Date and that, if known, would have materially affected their decision to execute this Agreement, regardless of whether said Party's lack of knowledge is the result of ignorance, oversight, error, negligence, or any other cause. ARTICLE 7: GENERAL PROVISIONS 7.1 Entire Agreement, Waivers: This A.grcer ent, including all exhibits, contains the entire understanding and agreement of the Parties. There ae no oral or written representations, understandings or ancillary covenants, undertakings or agreements that are not contained or expressly referred to in this Agreement. A and all waivers of the provision (s) of this Agreement will he in writing and signed by an authorized re rese t tive of the Party to be charged with such waiver(s). The waiver by any Party of any provision contained in this Agreement will not be deemed to be a waiver of any other provision in this Agreement, nor will any custom or practice that may develop among the Parties in the administration of this Age ;eement be construed to waive or diminish the rights of any Party to insist upon performance in strict accordance with all provisions of this Agreement. 7.2 Captions: The headings and captions used in this greernient are for convenience only and will not affect the interpretation of this Agreement. 7.3 Construction: The provisions of this greem nt and the attached e bibits hall be construed as a whole according to their; common meaning and not strictly for or against any Party, and in a manner that will achieve the purpose and objectives of this Agreement. Notices: es: A.ny notice required under* this Agreement will be in writing and personally dolivered, or sent by certified mail (return receipt requested and postage prepaid), overnight delivery, or facsimile, to the Parties as indicated below. Any Party may change its mailing address or facsimile at any time by giving written notice of such change to the other Paztios in the nianneri provided in this Section at least ten Io days prior to the date s ch change is effected. All notices Linder this Agteeniont will be deemed given, received, made or communicated on the earlier of the date personal delivery is effected or on the delivery date Page 11 of 16 shown on the return receipt, air bill or facsimile. Collins: Francis Collins Catherine Collins 6050 Hollis Street Emeryville, CA 94608 Tel. 510 653 -6871 Fax 510 653 -6988 With a Copy to: Gregory L. Harper Kathy Sher Harper Associates 5858 Horton Street, Suite 255, Emeryville, CA 94608; Tel: 510.420.8455 Fax: 510.420.8913 email g _@hqrpe_rIq.w,net The City Parties Teresa Highsmith, City Attorney City of Alameda 2263 Santa. Clara Avenue, Room 280 Alameda, CA 94501 510.747-4750 Fax: 510.747 -4767 Aran Marie Gallant, Interim City Manager City of Alameda 2263 Santa Clara Avenue, Room 280 Alameda, CA 94501 Tel: 510.747-4700 Fax: 51 0,747-4704 With a Copy to: Robert S. Perlmutter Shute, Mihaly Weinber ;gar I L 396 Hayes ,street San Francisco, CA 94102 Tel: 4.1 5.552.7272 Fax.. 415.552.5816 7.5 No Ain tYssion of Liability: This rccment is a compromise of disputed Page 12 of 16 claims and shall not in any way be construed as an admission by the City Parties that they have acted wrongfully or unlawfully with respect to Plaintiff's Lawsuits r the s ubject o f this Agreement. 6 Admissibility of Agreement. In any action to_ enforce its teriris, this Agreement shall be fully admissible. 7.7 No Duress; This Agreement has been drafted jointly by the Parties and is executed voluntarily by each of the Parties, without any duress or undue influence on the part of, or on behalf of, any of them. Each of the Parties has read and fully undr,%rstands the meaning of each provision of this Agrecment and has gelled on the independent advice and representation of legal counsel in entering into this Agreement. 7. Severability: If any provision of this Agreement becomes invalid, void or unenforceable for any reason or is determined by a court of competent jurisdiction to be invalid, void or unenforceable, then the remaining provisions of this Agreement will remain in full force and effect and will in no way be affected, impaired or invalidated by such determination, the provisions of this Agreement being severable in such instance. 7.9 Effectiveness: This Agreement will be effective as of the Effective Date, 7.10 Time is of the Essence: Time is of the essence of this Agreement and of each and ever' provision in this Agreement, 7.11 Further Action: The Parties agr= to execute such other documumts and tape such other action as may be reasonably necessary to perform this Agreement. 7.12 Covenants Not to Sue: The Parties covenant and agree that, except as required to enforce this Agreement, they will never, individually or with any other person or entity, or through any agent or member, commence or prosecute against each other any action. or proceeding for any el-cdm or matter that is settled and released by this Agreement, 7.1 Binding Upon Successors: This Agreement shah be binding upon and inure to the benefit of the respective heirs, successors, assigns, and repr ;e entati es of the Parties. 7.14 No Third Party Beneficiary: This Agreement is not intendod, nor will it be construed, to create any third -party beneficiary rights in any person who is not a Party. 7. 0 Modifications: This Agreement may be modified from time to time only by express written consent of all Parties to this Agreement. 7,16 Applicable Law: This Agreement will he governed by California law. Any litigation arising under or in connection with this Agreement shall be prosecuted in the Superior Court of California, County of Alameda, and all Parties waive any respective rights to change venue pursuant to Section 394 of the Code of Civil Procedure or any other provision of law. 7.17 Future Attorneys' Fees and Costs: If a lawsult or motion is brought or a claim is sae to enforce this Agreement by any Party, then the prevailing Party or Parties in that action or proceeding shall be entitled to receive from the non-prevailing Party or Parties the Page 13 of 1 reasonable attorneys' fees and costs including expert witness fees and costs) incurred by the prevailing Parity or Karnes. The prevailing Party or Parties' right to recover attorneys' fees and costs is conditioned on that Party's or Parities' good faith compliance with the Dispute Resolution procedure set forth in Article 5. 7.18 Warranties of Authority: The signatories to this Agreement herby represent and wcarrant that they are duly authorized to execute this Agreement on behalf of the Parties for which they have signed and that they have all necessary lawful authority, and have taken all necessary actions, to execute this Agreement. 7.19 CounterpartsXacsimile Si n ttrr• This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, and all of which, when taken together, shall constitute ore and the same document. All signatures need not appear on the same page of the Agreement and signatures of the parties transmitted by facsimile shall be deemed binding, THE REA MAINDER of THIS PAGE HAS BEEN INTENTIONALLY LEFT LAND Page 14 of 1 1 d IN S ARE the Pecs h avo txecuted Us Agxuemmt to take effect of the Effeedve D ate C Prm cis Cow R F i t i i a ffrY OF ALAbWDA By i i F I f F i r COUNM Of THE CITY O F ALAMEDA B F i C OMMMITY t 1Pa ClvMB SIN 1 F I RECD FOR t 4 7. Ott �x City image` J L VED -AS TO FOIWA APPRO. k W A j 5 1 ALY W9MMOER I 1,P OM-Y ME L F w t lop CJTY i i r i COUNM 010 Ffm cy r T#' J J L Mb A and CTIY OF FNMA CI IBHR cm tmPOMMMON •L MNUVW 14ON i t r RedftZd Do4� AbumO�e ft� "mi (�SWPW�' (ftMd &pbmbcr 1[4� Rd"it I Ci* Pi� Ruies 4 Standard I=ur= 5 "m Qf Aff 4 7 rUft- 1 $04 RSN A8 cw eruct F ees 1 1 L pap 16 D t 1 Exhibit 1: F edu ced Density Alternative Site Plan "Site Plan" (September 14, 201 Tldal Cana �'sT ix y �rl�' l f '�rs_�x� I� `_5.•;.= 'f .J_. ._�_..k.�.s._.,.5. #4�r.� 4r �rFii lil Planning Board Clarifications and Conditions: Open Space Approximately two acres of waterfront open space shall be provided, A "spine" o f open space co nnecting the waterfront park at Blanding to Clement may b counted t oward the two acres provid that the spine is a minimum of 24 feet wide. Page 1 of 2 b. clement street: The Clement street curb -to -curb dimension shall match the rest of Clement street curb -to -curb dimension of 48 feet. A sidewalk and tree plantings shall be p c. oak street: The oak street frontage shall include a sidewalk. d. oak street Park Extension: To create ontinuous and attractive pedestrian link to the waterfront along oak Street, the guest parking along the edge of the property adjacent to the Park street landing should be replaced, reduced or attractively land scaped to create a welcoming pedestrian `{pa eo" leading from the intersection of oak and Blanding (arid the Little Huse Caffl to the new waterfront park. e. Blanding street Extension The Blanding street extension shall provide two travel lanes, one parking lane, two sidewalks, and street trees. f. Elm Street E The Elm Street Extension should include two travel lanes, one parking lane, and a planting strip on both sides of the street. If it is straight, then sidewalk shall be provided in front of the hones on Elm street. A sidewalk is not necessary on the west side of the street. on the west side (Mini- storage side property line), the right of way should provide a curb, and a planting strip for a roar of trees along the entire length of the western property line to screen the metal buildings of the Mini storage. The existing chain link with barbed wire fence should be replaced with a well- designed fence. Alternatively, the Elm street extension may be designed with a "jog" similar to design shown at the public hearing as =`plan B''. g. Hou in t A maximum total of 182 units would be provided including those units obtained pursuant to an Affordable Housing Density Bonus application. h. Blandin Hones The 15 homes that are oriented with their sides facing Elanding should be designed with a front door and attractive "front elevation" facing Elanding. i. Dousing Diversity The project should include a diversity of housing types such as single family homes, duets, attached town homes, flats and multifamily housing. The project should have optional floor plans available for buyers with disabilities, such as a floor plan with an elevator or a floor plan with the Master Bedroom on a lower floor with the kitchen and living area, which may require a one car garage. j. Height Limits and Parking Building heights should vary between two and four stories. The multifamil housing should not exceed four stories or o' in height and should include a minimum of at least one parking space per unit. single family and town home buildings should be a maximum of three stories or 38' feet in height. APLANNIN TMReporls Re olutlorsWl 0\6-21 -1 Oftatworks Project FileskBoal arks PD- Denial Resolution.DO Page 2 of 2 Exhibit 2 City Park Rules AJLAMIF-.DA IMi CIWATION AND PARK DE P"TWMi N T (5110)'747m47529 PARKIS OPENIFROM DAWN TO DUSK AND CLOSED TO 'TIC PUBLIC ALL OTIMR nOUPs,-S EXCE PT BY SPE CIAla PERNM DOGS MUST BE LVASHICAD AND TINDER CONTROL DOG OWNERS ARIE RE SPONS a 011E FOR CLEANING UP AFTER 1'IIF,IR DOGS NO ALCOHOLIC BEVERAGE S ALLOWED NO SKATEBOARDING MOTOR VEHICLES IIRO-.IIBMD FXCF PT IN DTSIGNATED AAkF,AS OR BY SPACIAL PE41UMT ONIN ALI,1`IIT ABOVE ENFORCEABLE RYAJJVM ;DA NIUNICIPAL CODS December, 2,C)03 EXHIBIT FORM of PUB ACCESS EAS R R BY AND WH R RD R TD. City Attorney City of Alameda 2263 Santa Clara Avenue, ##2 Alameda, CA 94501 DEED OF PERPETUAL OPEN SPACE AND PUBLIC ACCESS EASEMENT This DEED OF PERPETUAL OPEN SPACE AND PUBLIC ACCESS EASEMENT is entered into this day of 20 by and between Francis and Erin Collins, "Grantor"), and the City of A.latneda. ("Grantee"). Grantor and Grantee are sometimes collectively referred to herein as "the Parties' and individually as "a Pa t RECITALS A. Grantor is the sole owner of certain real property, located within the City of Alarned, Alameda County, California,. Said real property comprise two 2 acres more or less and is more particularly described in Exhibit "A" attached hereto and incorporated herein ("Property"). A map depicting the location of the Property is set forth in Exhibit "B" attached hereto and incorporated herein. E. The Property possesses open space, parkland, and scenic values (referred to collectively herein as "Open Space Values" of importance to the Grantor, the Grantee, and the people of the City of Alameda (the "City"). The Property was previously used for industrial purposes and is presently in blighted condition. On September 2010, Grantor, {grantee, and the City of lar Leda Commuiu*ty Improvement Commission ("CI C") entered into a Settlement Agreement concerning the redevelopment ent of the Property and adjacent lands owned by Grantor. Pursuant to this Settlement Agreement, Grantee and the CIC have issued certain development approvals for Grantor to develop housing on his adjacent lands and Grantee has agreed to construct, and dedicate to Grantee, a public park on the Property for use by the general public. C. Grantor has voluntarily offered this Deed of Perpetual Open Space and Public Access Easement in order to restrict the use of the Property in any in nner other than for public open space uses. Rage 1 of 1 AGREEMENT NOW, THEREFORE, in consideration of the foregoing recitals, the respective agreements of the Parties hereinafter set forth, and other good and valuable consideration., the receipt and sufficiency of which are hereby acknowledged, and pursuant to the laws of the State of Califoia, i rnncluding but not limited to California Civil Code section 815 et s and any anmdments or successor provisions thereto, Grantor and grantee hereby agrees as follows; 1. Grant and Acceptance of asement Grantor hereby voluntarily grants and conveys to Grantee for valuable consideration, and Grantee hereby accepts, an open space and public access easement in perpetuity and in gross ors, over, and across the Property, of the nature and character hereinafter set forth (hereinafter "Easement"), subject to the terms and conditions of this Deed. 2. Purpose The purpose of this Easement is to: a ensure that the Property will not be further subdivided or otherwise developed except for specified public park purposes; and preserve the open Space Values of the Property and maintain the Property for use as a public park. grantor intends that this Easement will confine the use of the Property to those uses and activities which are consistent with the purpose, and allowable by the terms and conditions, of this Easement. 31 Rights of Grantee To accomplish the purpose of this Easement, the following rights are conveyed to Grantee: a. To preserve and protect the open Space Values of the Property. b. To enjoin any activity or use of the Property that is inconsistent with the purpose and/or provisions of this Easement, and to require the restoration of such areas or features of the Property that may be damaged by any inconsistent activity or use. C. To enter upon the Property as it determines is reasonably necessary to (1) monitor Grantor's compliance with the ten s of this Easement, (ii) enforce the terms of this Easement, (iii) ensure the Property is maintained for public park purposes, consistent with Section 2.2 of the Settlement Agreement; and i use the Property for such public park purposes. d. To allow the general public unlimited access from dusk to dawn to use the Property in the sane rnaimer as it is allow d to use other similar parks within the City and subject to the rates of the Alameda Recreation and Park Department "Park Rules"), as set f'or #tb in the Settlement Agreement. Activities and Uses. Page 2 of 1 a. Any activity on or use of the Property inconsistent with the purpose of this Easement is prohibited in perpetuity. Without limiting the generality of the foregoing, Exhibit C VO attached hereto and incorporated herein, sets forth activities and uses regarding the Property which are consistent with the purpose of this Easement, and which are hereby expressly permitted and, any permitted use described in Exhibit C shall not require the approval of Grantee; and Exhibit "D attached hereto and incorporated herein, sets forth activities and uses regarding the Property which are inconsistent with the purpose of this Easement, and which are hereby expressly forbidden. The activities and uses set forth in both Exhibits C and D are not necessarily exhaustive recitals of consistent and inconsistent activities, respectively. They are set forth both to establish specific permitted and prohibited activities and to provide guidance in determining the consistency of other activities and uses with the purpose of this Easement, and Grantee expressly reserves the aright to determine, on a ease -by -case basis, whether a specific activity or use of the Property is permitted. Any activities and uses not specified in Exhibit C shall require prior written approval of Grantee, b. In cases where Grantee's approval or consent is required hereunder, such approval or consent shall be based upon compliance with the provisions of this Easement and the lil ely effect of the proposed activities and uses upon the open Space values protected by this Easement. Grantee's decision on a request for approval shall be based on the specific activities and uses in question without following or establishing precedent. Approval or disapproval shall be at the sole discretion of Grantee and may be granted upon conditions which further the purposes of this Easement. C. hi the event Grantor is required to solicit the approval or consent of Grantee pursuant to this Easement., grantor shall submit to Grantee a written description of the proposed activities and uses, including information of its size, function, capacity, duration and location ("proposed use report" no later than sixty days prior to the proposed commencement of the proposed activities and uses. If a permit is required from any other governmental entity for the activities and uses, the Grantor shall submit the proposed use report to the Grantee within five days of filing; an application for said permit. Grantee shall issue its written approval, disapproval, consent, or refusal of consent, together with a written statement of explanation if Grantee has disapproved or refused to consent to the proposed use, within forty -five days of the receipt of Grantor's written request. Grantee's failure to respond shall be deemed to be a refusal of consent but in such event Grantee shall, within twenty 20 days of a request by Grantor, provide a written statement of explanation for Grantee's disapproval or refusal to consent. Upon the completion of the proposed activities and uses, Grantee shall, at the request of Grantor or Grantee, inspect the Property and, if the activities and uses were performed in accordance with the terms of this Easement and the approvals or consents issued by Grantee hereunder, issue a certificate to that effect, elated as of the time of inspection. Grantee's Remedies. Page 3 of 1 a. If Grantee determines that Grantor is in violation of the terns of this Easement, or that a violation is threatened (hereinafter collectively "the violation"), the Grantee shall give written notice to the Grantor of such violation and demand reasonable corrective action sufficient icient to cure the violation. where the violation involves injury to the Property resulting from any use or activity inconsistent with the purpose of this Easement, the Grantee may require reasonable corrective action to restore the portion of the Property so injured. If Grantor: i Fails to cure the violation within thirty 30 clays after receipt of notice thereof from the Grantee; (ii) under circurnstances where the violation cannot reasonably be cured within thirty o days, fails to begin curing such violation within the thirty o day period; or (iii) fails to continue diligently to cure such violation until finally cured, then the Grantee may bring an action at law or in equity in a court of competent jurisdiction to enforce the terms of this Easement, to enjoin the violation, ex parte as necessary and pursuant to applicable statutes and rules of court, by temporary or permanent prohibitory or mandator injunction, to recover any damages to which it in ay be entitled for violation of the terms of this Easement or injury to any open Space values protected by this Easement, and to rewire the restoration of the Property to the condition that existed prior to any such injury. Without limiting Grantor's liability therefore, grantee, in its sole discretion, may apply any damages recovered to the cost of undertaking any corrective action on the Property. Grantee's rights under this paragraph apply equally in the event of either actual or threatened violations of the terms of this Easement, and Grantor agrees that Grantee's remedies at law for any violation of the tens of this Easement are inadequate and that Grantee shall he entitled to the injunctive relief described in this paragraph, both prohibitive and mandatory, in addition to such other relief to which Grantee may be entitled, including speci fic performance of the terms of this Easement, without the necessity of proving either actual damages or the inadequacy of otherwise available legal remedies; Grantor Further agrees that Grantee shall not be required to post any bond in any action or proceedings pursuant to this paragraph. b. If Grantee, in its sole discretion, determines that circumstances require immediate action to prevent or mitigate significant dw age to the Open Space Values of the Property, Grantee may pursue its remedies under this paragraph without the requirerne .t of prior notice to Grantor or without waiting for the period provided for the cure to expire; provided, however, that Grantee shall attempt in good faith to provide such written or oral notice as Grantee may d1 reasonable under the circumstances, nces, but in no event later than ten (1 0) days after the elate of entry onto the Property. Grantee's rights under this paragraph apply equally in the event of either actual or threatened violations of the ten s of this Easement, and Grantor agrees that Grantee's remedies at law for any violation of the terms of this Easement are inadequate and that Grantee shall be entitled to the injunctive relief described in this paragraph, both prohibitive and mandatory, in addition to such other relief to which Grantee may be entitled, including specific performance of the terms of this E asement, without the necessity of proving either actual damages or the inadequacy of otherwise available legal remedies; Grantorfarther agrees that Grantee shall not be required to post any bond in any action or proceedings pursuant to this paragraph. Page 4 of 1 C Grantee's reinedies described in this par agraph 5 shall be cu.inulative and shall be in addition to all remedies now or hereafter existing at law or in equity. Grantee's Discretion. Enforcement of the terms of this Easement shall be at the discretion of Grantee, and any forbearance by Grantee to exercise its rights under this Easement in the event of any breach of any term of this Easement by Grantor shall not be deemed or construed to be a waiver by Grantee of such term or of any subsequent breach of the sane or any other tear of this Easement or of any of Grantee's rights under this Easement. No delay or omission by Grantee in the exercise of any right or remedy upon any breach by Grantor shall impair such right or remedy or be construed as waiver. Notwithstanding any other provision of law, all waivers inust be express and in writing. 7. Reserved Ri ghts. Grantor reserves for itself, and its personal representatives, heirs, successors, transferees and assigns, all rights accruing from ownership of the Property that are not extinguished by or inconsistent with the purposes of this Easement. 8 Waiver of Certain Defe Grantor hereby waives any defense of laches, estoppel, prescription, unclean hands or the doctrine of changed circumstances. 91 Acts Beyond Grantor's Control Nothing contained in this Easement shall be construed to entitle Grantee to bring any action against grantor for any injury to or change in the Property resulting from causes beyond Grantor's control, including, without limitation, fire, flood, stone, and/or earth movement, or from any prudent action taken by Grantor under emergency conditions to prevent, abate, or mitigate significant injury to the Property resulting from such causes; provided, however, that nothing in this paragraph shall be construed to waive Grantor's obligation to maintain the property consistent with the terms of this Easement and the Settlement Agreement. 10, Condition of Title. Except for the exceptions to title insurance set Forth in the policy of title insurance issued to Grantee at the time of execution and recordation of this Easement, Grantor covenants that the Property r at the time of execution and recordation of this Easement, free and clear of all liens, encumbrances, assessments, easements, leases (recorded and unrecorded), and taxes. I1. Subordination. Any financing lien or encumbrance on the Property shall be subordinate to this Easement. 1. Costs and Liabilities. Grantor retains all responsibilities and shall bear all costs related to the ownership, operation, upkeep, and maintenance of adequate comprehensive general liability insurance coverage. Without limiting the foregoing, Grantor shall keep the Property free of any mechanics' liens arising out of any work performed for, Page 5 of 1 materials furnished to, or obligations incurred by Grantor which may result in a mechanics' lien or lis pendens being recorded against the Property. 13, Real ,.Pr pet Possessory Interest 'Faxes Grantor shall pay before delinquency all real property and possessory interest taxes, assessments, fees, and charges of whatever description levied on or assessed against the Property by competent authority, including any taxes imposed upon, or incurred as a result of, this Easement (collectively referred to herein as "Taxes"). Upon request by Grantee, Grantor shall furnish that Grantee with evidence satisfactory to it that such Taxes have been paid. 14, Hold Harmless. grantor shall hold harmless, indemnify and defend Grantee and its officers, directors, governing members, employees, contractors, attorneys, and agents, and their successors and assigns, and each of them, from and against all liabilities, penalties, costs, losses, damages, expenses, causes of action, claims, demands, or judgments, including without limitation, reasonable attorneys fees, arising from or in any way connected with injury to or the death of any person or physical damage to any Property, resulting from any act, omission, condition or other ratter related to or occurring on or about the Property as a result of: i Any breach or violation of the terms of this Deed or the Easement by Grantor, or by anyone acting for or under the authority of Grantor, or (ii) any use of the Property or any other activity of Grantor, or by anyone acting for or under the authority of Grantor, on, at, or with respect to the Property. Any indemnification required under this paragraph'14 shall be in addition to any Indemnification required under the Settlement Agreement. 15, Amendment. If circumstances arise under which an amendment to or modification of this Easement is appropriate, grantor and Grantee rimy jointly amend this Easement; provided that no amendment shall be allowed that will affect the qualification of this Easement under any applicable laws, including, but not limited to, California Civil Code Section 815.1 and any amendments or successor provisions thereto, and any amendment shall be consistent with the purpose of this Easement, and shall not affect its perpetual duration. Any such amendment shall be recorded in the official records of the County Recorder for the County of Sierra, California. Termination of aseme t. The parties agree that it is the intent of this Easement to ran with the laird in perpetuity. If, however, circumstances arise in the future such as to render the purposes of this Easement impossible to accomplish, this Easement may be terminated, in whole or in hart, only by judicial proceedings in a Court of competent jurisdiction, and the amount of the compensation to which Grantee shall be entitled from such sale, exchange, or involuntary conversion of all or any portion of the Property subsequent to such termination or extinguishment shall be determined, unless otherwise provided by California law at the tune, in accordance with paragraph 17. Grantee shall use all such proceeds in a manner consistent with the Open Space purposes of this Easement. However, grantor and Grantee intend that this Easement shall not be terminated as a result of Page 6 of 1 circumstances such as a change in the surrounding land uses, or any such other change in conditions relating to the Property or the property surrounding or adjacent to the Property. 17, Compensatio This Easement constitutes a real property interest immediately vested in Grantee. For the purpose of paragraph. 16 (concerning terrrrination of Easement) the parties stipulate that this Easement has .a fair market value determined by multiplying i the fair market value of the Property as if it could be developed unencumbered by this Easement (minus any value attributable to improvements by (ii) the ratio, expressed as a percentage, of the value of this Easement at the time of this grant to the value of the Property (minus any value attributable to improvements) as it coul be developed unencumbered by this Easement at the time of this grant. 18, Co If all or any part of the Property is taken by exercise of the power of eminent domain or acquired by purchase in lieu of condemnation, whether by public, corporate, or other authority, so as to terminate this Easement, in whole or in past, Grantee shall be entitled to compensation in accordance with the ratio set forth in paragraph 17. All expenses reasonably incurred by Grantors and Grantee in connection with the taking or in lieu purchase shall be paid out of the amount recovered. 19. Subsequent Transfer Grantor agrees to incorporate by reference the terms of this Easement in any deed or other legal instrument by which it divests itself of any interest in all or a portion of the Property, including, but not limited to leasehold interests. Grantor further agrees to give written notice to Grantee, in accordance with the provisions of paragraph 21-, of the transfer of any interest in all or any portion of the Property within thirty (30) days after the transfer. The failure of the Grantor to perforn-1 any act required by this paragraph shall not impair the validity of this Easement or limit its enforceability in any way. This Easement shall be recorded, and any transferee of title to all or any portion of the Property shall take title subject to the teams of this Easement, whether or not the Easement is specifically referred to in the deed or other instrument of conveyance. Costs of Enforcement. Any costs incurred in enforcing the teas of this deed including costs of suit and reasonable attorneys' fees, and any costs of restoration necessitated by Grantor's violation of the terms of this Easement (including costs of routine monitoring compliance) from such time as the violation was first identified through completion, to the satisfaction of Grantee, of any required. restoration, shall be borne by Grantor. 1. Notices. Any notice required under this Agreement will be in writing and personally delivered, or sent by certified mail (return receipt requested and postage prepaid), overnight delivery, or facsimile, to the Parties as indicated below. Any Party may change its mailing ad dress or facsimile at any time by giving written notice of such change to the other Party in the manner provided in this Section at least tern 10 days prior to the date such Page 7 of 1 change is affected. All notices under this Agreement will he deemed given, received, made or communicated on the earlier of the date person al delivery i s effected or on the delivery date shown on the return receipt, air bill or facsimile: To Grantor: Francis and Erin Collins 6050 Hollis Street Emeryville, CA 94608 With a Copy to: Gregory L. Harper Sheri Kramer Harper Associates 5812 Hollis Street Emeryville, CA 94608 Tel: 510.420.8455 Fax: 510.420.8913 To Grantee: City Attorney City of Alameda 2263 Santa Clara. Avenue, loom 280 Alameda, CA 94501 Tel: 510.747 -4750 Fax: 510.747-4767 City Manager, City of Ala.eda. 2 263 Santa. Clara'A enue, Room 2 80 Alameda, CA 94501 Tel: 510.747 -47 4 -4104 Fax: 510.747-4704 With a Cop t i Robert S. Perlmutter Shute, Mihaly Weinberger LL 396 Hayes S Sala Francisco, CA 94102 Teti 415.552.7272 Fax: 415.552.5 816 Page 8 of 13 Recordation. Grantee and Grantor shall work together to ensure that this instrument is recorded In a timely fashion in the official records of the County Recorder for the County of Alameda, California. The instrument may be re-recorded at any time as may be required to preserve rights in this Easement. 23. General Provisions. Controlling law The interpretation and perforrrrance of this Easement shall be governed by the laws of the State of California. b. Liberal construction. Any general rule of construction to the contrary notwithstanding, this Easement shall be liberally construed in favor of the oral 1t to affect the purpose of this Easement and the policy and purpose of California Civil Code Section 815. If are provision of this instrument is found to be ambiguous, an interpretation consistent with the purpose of this Easement that would reader the provision valid shall be favored over any interpretation that would reader it invalid.. C. Sever abilr if any provision of this Easement is found to be invalid, the remainder of the provisions of this Easement, or the application of such provision to any person or circumstance other than those as to which it has been found to be invalid, shall not be affected thereby. d. Entire Ageement This instrument sets Forth the entire agreement of the parties with respect to the Easement ent and supersedes all prior understandings, discussions, negotiations, or agreements relating to the Easement, all of which are merge d herein. No alteration or variation of this instrument shall be valid or binding unless contained in an amendment that complies with paragraph 15 herein. e. No Forfeiture. Nothing contained herein will result in a forfeiture or reversion of Grantor's title in any respect. f. Successors. The covenants, terms, conditions, and restrictions of thi Easement shall be binding upon, and inure to the benefit of, the parties hereto and their respective personal heirs, representatives, successors, and assigns and shall continue as a servitude running in perpetuity with the Property. All such heirs, representatives, successors and assigns shall be bound to every provision in this Easement, whether or net this Easement is 'referred to in the instrument by which such heirs, representatives, successors or assigns acquire an interest in the Property. g, Termination of Rights and obligations A Party's rights and obligations under this Easement tenninate upon transfer of the Party's interest in the Easennent or Property, except that liability for acts or omission occurring prior to transfer shall survive transfer. Page 9 of 1 h. C tions. The captions in this instrument have been inserted solely for convenience of reference and are not a part of this instrument and shall have no effect upon construction or interpretation. i. Cooperation The Parties agree to cooperate in good faith with each other in the administration of this Easement. Each Party r hereto will, upon the reasonable request of the other party, execute, acknowledge, and deliver, or cause to be executed, acknowledged, d, and delivered, such further instruments and documents as may be reasonably necessary in order to fulfill the intents and purposes of this Easement. j. Warranty of Authority Each person executing this Easement on behalf of a Party represents and warrants that such person is duly and validly authorized to do so, has full right and authority to enter into this Easement and all of its obligations hereunder. IN WITNESS WHEREOF, Grantor and Grantee have executed this agreement effective as of the date first above written. GRANTOR: Francis Collins Date B: GRANTEE: City of Alameda. Date B• Its: Page 10 of 1 )XIII ITS Exhibit A: Legal Description and Map of Property [To be p rovided] Exhibit B: Location and AreaMap [To be provided] Exhibit C: Permitted Activities and Uses Exhibit D: Prohibited Activities and Uses Page 11 of 13 EXHIBIT C PERMITTED ACTIVITIES AND USES The following activities and uses are expressly permitted under this Easement, and notwithstanding anything in this Easement to the contrary, such uses are not to be precluded, prevented, or limited by this Easement. 1. Construction, development, and maintenance of open Space pursuant to, consistent with, and as defined in, the 'Sep.t mber 20 10 Settlement Agreement between Grantor, Grantee, and the CIC, and as specifically approved and authorized by Grantee; 2. Rights previously granted to third parties for any easements over, under or through the Property. 3. Uses allowed by the general public of other similar parrs pursuant to the Park Rules. Page 12 of 1 EXHIBIT I PROHIBITED ACTIVITIES AND USES Any activity on or use of the Property inconsistent with the purpose of this Easement is prohibited in perpetuity, without limiting the generality of the foregoing, the following activities and uses are inconsistent with the purposes of this Easement and are expressly prohibited in perpetuity: 1, The legal or de facto subdivision, or other transfer or sale of any portion thereof or interest therein, of the Property for any purpose; provided, however, that the following shall not be prohibited by this paragraph: a the transfer or sale of all of the Property. 2. All development rights that are now or hereafter allocated to, implied, preserved, or inherent in the Property are terminated and extinguished, any may not be used on or transferred to any portion of the Property as it now or hereafter may be bounded or described, or to any other property (whether adjacent or otherwise). 3. The eonstr etion, reconstruction, or replacement of any structure, facility, or improvement on the Property, including (but not limited to residential, industrial, office, or other buildings, underground or aboveground tanks, billboards, signs, advertising facilities, street lights, utility structures or limes, or suer s rsterns or lines, except as permitted pursuant to Exhibit C and approved and authorized by Grantee. 4. The establishment of any agricultural, residential, commercial or industrial uses on the Property. 5. Except as may be required by a legal directive from any federal, state or local gevermnental regulatory entity, the filling, dumping, excavating, draining, dredging, raining, drilling, removing, or the exploring for or extracting of minerals, hydrocarbons, soils, sands, gravel, rock or any other material on or below the surface of the Property. 6. The dumping or other disposal on the Property of wastes, refuse, or debris. (This prohibition is not intended to prevent individuals using the Property for park, purposes f om disposing of trash in receptacles provided on the Property for this purpose.) 7. Any uses or activities that would pollute or degrade the surface or sub surface waters on or underlying the Property, or pollute or degrade the adjacent waterway. P:\ LAMED 1 I I`LE EN'hE IIIBIT \PUBLI C ACCESS EASEMENTD Page 13 of 13 Exhibit Standard City Insurance Coverage Terms CON N'ITIAL SETTLEMENT COMMUNICATION PRIVILEGED AND CONFIDENTIAL EXHIBIT 5: STANDARD D CITY INSURANCE COVERAGE TEAS A.. COV AG Contractor shall maintain the following insurance coverage: (1) Workers' Compensation: Statutory coverage as required by the State of 'Cali or ia. (2) Liability: Commercial general liability coverage in the following minimum limits; Bodily Injury: $1,000,000 each occurrence $2,000,000 aggregate all other Property Damage: 1,000,000 each occurrence $2,000,000 aggregate If submitted, combined single limit policy with aggregate limits in the mnounts of $2,000,000 will be considered equivalent to the required minim r r limits shown above. (3) Automotive: Comprehensive automobile liability coverage in the following minimum limits: Bodily i n j r: $1,000,000 each occurrence Property Damage: 1,000,000 each occurrence or Combined Single Limit: $2,000,000 each occurrence (4) Professional Liability; Professional liability insurance which includes coverage. for the professional acts, errors and omissions of Consultant in the amount of at least $2,,000,000. (5) Pollution Prevention; Legal liability required for hazardous materials excavation in the amount of 2,000,000 each occurrence. P:IAI AME I L. I F,`ITLEMEN11L HIBrr STANDARD CITY INSURANCE COVERAGE TERM .dac Exhibit Form of Affordable Rental l H I r er ent Recording requested b And when recorded mail to. Community Improvement Commission of the City ofAlareda e o Housing Authorit 01 Atlantic Avenue Alameda, CA 94501 Attention: Executive Director Exempt fi om recording fees pursuant to Cal. Gov't Code 27383 AP1; AFFORDABLE HOUSING AGREEMENT (Rental Units with Commission Assistance) This Affordable Housing Agreement ("Agreement") dated "Effective Date'), is entered into between the COMMUNITY IMPROVEMENT COMMISSION OF THE CITY OF ALAMEDA, a public body, corporate and politic, ex reising governmental functions and powers and organized and existing under the Community Redevelopment Law of the State of California Health Safety Code Section 33000 et seq.) ("Commission") and a e o fentityl ("Participant"). R R.C.TT A T. The following recitals are a substantive part of this Agreement, A. Participant is the owner of that certain real property located in the City of Alameda, County of Alameda, State of California, more particularly described in Exhibit attached hereto ("Property"), B. Commission Resolution loo. 04-127, as amended by Commission Resolution No. 09-163, sets forth certain inclusionary requirements for development in the Business and Waterfront Improvement Project and the West End Colum finny Improvement Project ("Commission Inclu ionar Policy"). The Property is located in the Business and Water fiiont Improvement Project and is, therefore, subject to the Commission Inclusionary Policy. C. The Commission, in its efforts to create affordable rental housing opportunities for persons and families of very lour, low, and moderate income, entered into w owner Participation Agreement between the Conunission and Participant dated (the PA'I The OPA provides, among other things, for i Participant "s redevelopment of the Property with rental units "Housi g Project"), including .nits to be available at an 1345 1 A 21942/003 9 affordable rent to persons and families of r low; ow, or :mbderatej income levels (each an "Affordable Unit," and collectively, the "Affordable Units"); ii Commission's provision of certain financial assistance to Participant in connection with the development of the Affordable .its, and ili the establishment of certain covenants and restrictions to ensure redevelopment of the Property in accordance with this Agreement, the Community Improvement Plan for the Business and Waterfront Irnpro ement Project, and the Commission Inclusionary Policy. Under the OPA, the Commission has provided Participant with a i s-al icabl loan1foregivable 1oa in the amount of DOLLARS ("Commission Loan"). Participant has executed a promissory note for the Commission Loan ("Commission Note"), which is secured by a deed of trust recorded against the Property Deed of Trust"). D. Participant's continuous and faithful performance of all of Participant's obligations hereunder for the full tern of this Agreement is a condition of forgiveness of the Commission Loan and provision of the Commission assistance under the OPA. Pursuant to the OPA, In the event of any default under this Agreement and following the expiration of all applicable notice and cure periods, Participant agrees to repay to Commission all amounts owing under the Commission Dote. E. Commission and Participant desire by the execution of this Agreement to assure the Property meets the requirements of California. Health and Safety Code Sections 33334.3 and 33413, and the requirements of the Commission Inclusionary Policy and the ,Affordable Units remain affordable for a minimum of fifty -five gears following the date of recordation of this Agreement. NOW THEREFORE, the parties acknowledge and agree as follows: ARTICLE 1. DEFINITIONS 1.01 "Affordable Rent" is the amount of rent considered as "affordable rent" for f insert as ica y to apt income households, adjusted for family size appropriate to the unit, less a utility allowance, pursuant to California Health and Safety Code Section 50053 or any successor statute thereto. If the statute is no longer in effect and no successor statute is enacted, the Commission shall establish the Affordable Rent for purposes of this Agreement. For purposes of this Section 1.01 "adjusted for family size appropriate to the unit" shall mean a household of two persons in the case of a one bedroom unit, three persons in the case of a two bedroom unit, four persons in the case of a three bedroom unit, and five persons in the case of a four-bedroom unit. 1.02 "Eligible Households" shall. mean households meeting the income restrictions as set forth in Section 2.01. 1.03 "Area Median Income shall mean the median income for households in Alameda County, California, as published from time to time by the United States Department of Housing and Urban Development ("HUD") in a manner consistent with the determination of median gross income e under Section 8 of the Limited States Housing Act of 1937, as amended, and 2 140v1B 21942/0039 as defined in Title 25, California Code of Regulations, tions, Section 6932. In the event that such income determinations are no longer published by HUD, or are not updated for a period of at least 18 months, the Commission shall provide the Participant with other income determinations that are reasonably similar with respect to methods of calculation to those previously published b HUD. 1.04 "Applicable Laws" means all applicable laws, ordinances, statutes, codes, orders, decrees, rules, regulations, official policies, stand -ands and specifications (including any ordinance, resolution, rule, regulation standard, official policy, condition, or other reasure of the United Mates, the Mate of California, the County of Alameda, City o Alameda, or any other political subdivision in which the Housing Project is located, and of any other political subdivision, agency or instrumentality exercising jurisdiction over the Commission, Participant or the Housing Project. ARTICLE I RENT, INCOME AND OCCUPANCY RESTRICTIONS 2.01 Beat and Income Restrictions. All of the Affordable Units to be located on the ropex shall be rented to e i b e e iio a income households whose income does not exceed the limits set forth below; a) [If :.Very Law Income ::thou insertJ Not less than of the Affordable Units constructed on the Property shall be a a�lable to Eligible Households whose gross income does not exceed fifty percent 0% of the Area Median Income at an Affordable Rent. b) Low Income:- :i Not less than of the Affordable Units constructed on the Property shall be available to Eligible Households whose gross income sloes not exceed eighty percent of the Area Median Income at an Affordable Rent. c) [If Moderate Income t e rose Not less than of the Affordable Units constructed on the Property shall be available to Eligible Households whose gross income sloes not exceed one hundred twenty percent 120 of the Area Median Income at an Affordable sent. -a 6rdab I p [optional provisio,n-.."": ert :Jns if 1 00% e. ro or delete if mix d income, aka. i� i Notwithstanding the foreg Pa •tici ant lira in its sole p y reasonable judgment, elect to have a full time property inanager residing on the Property, in which event one 1 of the Affordable Units may be designated as a resident manager's unit, and such Affordable Unit shall not be subject to the above affordability restrictions so long as such Affordable Unit is occupied by a full time on site manager for the Housing Project. No less than one 1 person per bedroom shall be allowed. No more than two 2 persons shall be permitted to occupy a studio Affordable Unit, no more than two 2 persons shall be pefmitted to occupy a one l bedroom Affordable Unit, no more than four; persons shall b permitted to occupy a two bedroom Affordable Unit, and no more than six 6 persons shall 3 13455030B 21942/0039 be permitted to occupy a three bedroom Affordable dable Unit. Commission may male exceptions to the foregoing occupancy standards to the extent such exceptions are required by Applicable Laws, and do not i ncrease Commission obligations or liabilities under this Ag reemen t, or diminish or impair Commission's rights and remedies under this Agreement. Not more than once per year, Participant may adjust rents in occupied Affordable Units to the level allowed for the family size appropriate to the unit. Participant may adjust the rent upon vacancy of an Affordable Unit to the level allowed for the family size appropriate to the unit. Commission shall annually publish a list of all rent ceilings reflecting the annual adjustments in the income limits for Eligible Households provided by the HUD and the State of California Department of Housing and Community Development "HCW Participant must notify each tenant and Commission in writing of any increase in monthly rent for a n Affordable Unit at least thirty o days in advance of the effective rent adjustment date. The written notice of rent increase provided to Commission shall indicate: 1 the rent adjustment for each Affordable Unit; 2 the new rental amount for each Affordable U nit; an the e ffect ive date o f the adjustment for each Affordable Unit. Failure to provide the notice required shall be considered a default by Participant under this Agreement. The determination of a status as an Eligible Household shall be made by participant prior to initial occupancy of the Affordable Unit by such household and sh ,be subject to review and ppro al by Commission. The income f all. persons residing in-the be Unit shall be considered for purposes of calculating the household income. Participant shall not d iscrimina te against prospective tenants with qualified Public Housing Authority Section 8 certificates or vouchers who are otherwise qualified. Participant shall notify Commission in writing whenever the tenant in an Affordable Unit changes. The notice shall indicate the name and household size of the tenant vacating the Affordable Unit. Once the Affordable Unit 1s reoccupied, Participant shall notify Commission in writing of the new tenant's name, household size and income. Immediately prior to the first anniversary d ate of the occupancy of an Affordable Unit by an Eligible Household, and on each anniversary date thereafter, Participant shall re-- certify the income of the occupants of suc Affordable Unit by obtaining a completed Tenant Income Certification based upon the current income of each occupant of the .Affordable Unit. The Tenant Income Certification shall be in the form attached hereto as Exhibit B. If an o ccupant of an Affordable Unit no longer qualifies as an Eligible Household due to an increase in income above the limitation set forth in paragra [Ins e (b) .r. �ar� p i of this Section 2.01, the occupant may continue to occupy the former Affordable Unit; provided, however, Participant may increase the rental rate for such former Affordable Unit to market rate and Participant shall gent the next available comparable unit within the Housing Project i,e., same number of bedrooms and bathrooms) as an Affordable Unit. participant shall send written notice to Commission with the address and bedroom bathroom mix of the A ffordable Unit designated-by Participant as the replacement Affordable Unit. In lieu of designating another comparable Housing Project unit as the replac=ent Affordable Unit to meet the income requirements f paragraph rt (a) ,,.:.'(b) as a ppropriate], of this Section 2 .01, participant may designate as an Affordable Unit an occupied unit within the H ousing Project th at is not currently designated as an Affordable Unit if such unit is then occupied by a tenant meeting the income requirements set forth in paragraph ins 1.345503vlB 21942!0039 4 (b dhd a of this Section 2.01, the event Participant makes such substitution, Participant shall send written notice to the Commission with th address and bedroo bathroom mix of the substituted Affordable Unit, along with the name of the occupant and household size and inc of the household occupying the unit. 2.0 Desilmation of Affordable Units The initial designation an location of the Affordable I Tnits is set forth in the Site Flan attached hereto as Exhibit C. The appearance, materi f duality and amenities of the Affordable Units sh be comparable to the market rate renta units within the Housing Project, Attached hereto as Exhibit D is a list o the materials, amenities and finishes that will be featured in each of the units within the Dousing Project, including both the market rate units and the Affordable Units, 2.0 Marketing and Leasing Program Participant shall actively market rental of all units within the Housing Project, including the Affordable Units. Prior to lease -up of the Affordable Units, Participant shall provide Commission w ith a copy of its marketing program for the Housing Project, which shall include marketing eting program for the Affordable Units "Affordable Units Marketing Program"). Commission shall review the Affordable Units Marketing program and either approve or request modifications to the Affordable Units Marl eting Program within thirty days after receipt. Participant shall provide monthly updates to the Affordable Units Marketing eting Program commencing thirty 30 days after the d ate the Affordable Units Marketing Program is initially approved by c mmissl n. Participant 1s responsible for implementing the Affordable U nits Marketing Program actively and in good faith. Commission may extend the requi red marketing period in its discretion if Participant delays implementation or otherwise fails .to comply with the Affordable Units Marketing Program as approved by Commission. ARTICLE 3. REPORTING TING I E I M T TTS FOR HOUSING PROJECT 3 .01 ting Requirements Participant shall submit an annual report and income certification to the C ommission. The report, at a minimum, shall include; a) The number of persons per Affordable Unit; b) Marne of each Affordable Unit `tenant; c) Initial occupancy date; (d) Rent paid per Month; and e) income per year. Such information shall be reported to the Commission pursuant to Health and Safety Code Section 33418, substantially in tho form of the Certification of Continuing Compliance attached hereto as Exhibit E or in such other format as may be reasonably requested b Commission. Annual income recertificatio s shall also contain those docurfients used to certify eligibility. Commission, from time to time during the term of this Agreement, may request S 1 345503v I 2 1942/0039 additional or different information, if such information is required in order for the Commission to comply with its reporting requirements, and Participant shall promptly supply such additional or different information in the reports required hereunder. Participant shall maintain all necessary boobs and records, including property, personal and financial records, in accordance with requirements prescribed by the Commission with respect to all matters covered by this Agreement. Participant, at such time and in such forms as Commission may require, shall furnish to Commission statements, records, reports, data and information pertaining to matters covered by this Agreement. Upon reasonable advance request for examination by Commission, Participant, at any time during normal business hours, shall make available all of its records with respect to all natters covered by this Agreement. Participant shall permit Commission to audit, examine and make excerpts or transcripts from these records at Commission's sole cost. The first annual report and annual income certification "Initial Deport" shall be submitted to the Commission within thirty days of the date of the initial rental of all the Affordable Units on the Property. Subsequent annual reports and annual income certifications or re certifications shall be submitted to the Commission on the anniversary date of submittal of the Initial Report. 3.02 Commission Approval of Lease Forms. Commission shall have the right to review and approve Participant's forin of lease for the Affordable Units, including disclosures of the affordability restrictions on the Affordable Units, prior to owner's use of such form. 3.03 Verification of Citizenship or Qualified Alien Status. Participant shall verify the citizenship or qualified alien status of all adult tenants and all adult applicants for tenancy of the Affordable Units as required under the Personal Responsibility and Work opportunity Reconciliation Act of 1996 (Public Law No. 104 -193, 8 U.S.C. 1621. Participant may charge new tenancy applicant (but not an existing tenant) a reasonable eligibility verification fee only if approved in writing by the Commission. on an annual basis at the time of the annual income recertification, Participant shall verify the citizenship or qualified alien status of all Affordable Unit tenants. Participant shall verify the citizenship or qualified alien status by causing the tenant or applicants for tenancy of all Affordable Units to complete and sign under penalty of perjury the HCD Benefit Status Form 1 (2198) or such other form provided by HCD for this purpose. The signed forms shall be retained by Participant and shall be disclosed to Commission upon request. All eligibility shall be conducted without regard to race, greed, color, gender, religion, age, disability, familial status or national origin of the tenant or applicant for tenancy. ARTICLE 4. PROVISION of SERVICES AND MAINTENANCE PROPERTY 4.01 Maintenance During the term of this Agreement, Participant shall maintain, or cause to be maintained, the Property, including all improvements thereon, in a manner consistent with the provisions set: forth therefor in the Alameda. Municipal Code, and shall keep the entire Property fryec from any accumulation of debris or wastc materials prior to and after construction, 6 140v1B 21942/0039 If, at any tine, Participant fails to maintain the Property, and has either failed to commence to cure such condition or to diligently prosecute to completion the condition or the condition is not corrected after expiration of sixty days from the date of written notice from the Commission to the Participant, Commission may perform the necessary corrective maintenance, and Participant shall pay' such costs as are reasonably incurred for such maintenance, The Commission shall have the right to place a lien on the Property should Participant not reimburse Commission for such costs within sixty O days following Commission's written demand for reimbursement of sUch costs. Participant, on behalf of itself, its heirs, successors and assigns, hereby grants to Commission and its officers, employees and agents, an irrevocable license to enter; upon the Property to perform such maintenance during normal business hours after receipt of written notice from Commission and Participant's failure to cure or remedy such failure within sixty 60 days of such notice. Any such entry shall be made only after reasonable notice to Participant, and Commission shall indemnify and hold Participant harmless from any claims or liabilities pertaining to any such entry by Commission. Failure by Participant to maintain the Property in the. condition provided in this Article 4 may, in Commission's reasonable discretion, constitute a default under this Agreement. ARTICLE 5. NO 'TRANSFER 5,01 Prohibition. Except with respect to Permitted Transferees as defined below), Participant shall not male any total or partial sale, transfer, conveyance, encumbrance to secure financing, assignment or lease of the whole or any part of the Property r the Dousing Project without the prior written approval of the Commission, which approval shall not be unreasonably withheld. 5.02 Permitted Transfers. Notwithstanding any other provision of this Agreement to the contrary, Commission approval of an assignment or transfer of this Agreement, the Commission Loan, the Commission Note, the Decd of Trust, the oPA, or conveyance of the Property or any part thereof shall not be required in connection with any of the following the "Permitted Transfers"): (a) The lease of Affordable Units to Eligible Households. (b) Assignments for financing purposes, and any subsequent transfer to the lender providing such financing by foreclosure or deed in lieu of foreclosure thereunder, subject to such financing being considered and approved by the Commission as provided in the oPA. (c) Transfer of the Property and Dousing Project to are affiliate entity which controls, is controlled by or under common control with Participant.. (d) In the event of an assignment by Participant pursuant to subparagraph c not requiring the Commission's prior approval., Participant nevertheless agrees that at least thirty o days prior to such assignment or transfer it shall give written notice to the Commission of such assignmcnt or transfer and that 7 1345503v B 2194210039 such transferee shall be required to assume Participants obligations under this Agreement, the Commission Dote, the Deed of Trust and the oPA pursuant to a written assignment and assumption, agreement in form reasonably acceptable to Commission counsel. (e) A transfer as otherwise permitted pursuant to the oPA. 5.03 Commission Consideration of Requested Transfer. The Commission agrees that it will not unreasonably withhold approval of a request made pursuant to this Article 5 provided (a) the Participant delivers written notice to the Commission requesting such approval, and b the proposed assignee or transferee possesses comparable operational experience and capability, and comparable net worth and resources, as Participant, and c the assignee or transferee assumes the obligations of the Participant under this Agreement pursuant to a written assignment and assumption agreement in form reasonably acceptable to the Commission counsel. Such notice shall be accompanied by evidence regarding the proposed assignee's or purchaser's qualifications and experience and its financial commitments and resources sufficient to enable the Commission to evaluate the proposed assignee or purchaser pursuant to the criteria set forth herein and other criteria as reasonably determined by the Commission. The Commission shall approve or disapprove the request within forty -five days of its receipt of the Participant's notice and all information and materials required herein. In no event, however, shall the Commission be obligated to approve the assignment or transfer of the Commission Loan, Commission Note or Deed of Trust, except to an approved transferee or assignee of the Participant's rights in and to the Property and Mousing Project, ARTICLE .loo DISCRIMINATION Participant covenants, by and for itself and any successors in interest, that there shall be no discrimination against or segregation of any person or group of persons on account of ally basis listed in subdivision a or d of Section 12955 of the Government Code, as those bases are defined in Sections 12926, 12926.1, subdivision m) and paragraph 1 of subdivision p of Section 12955, and Section 12955.2 of the Government Code, 1n the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the Property, nor shall Participant, itself or an person claiming under or through it, establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, subleases or vendees in the Property. ARTICLE 7. NONIIISCRMINATION AND NONSEGREGATION CLAUSES All deeds, leases or contracts made relative to the Property, the improvements ent thereon or any part thereof, shall contain or be subject to substantially the following nondiscrimination and non segregation clauses: a) In deeds: 1, "The grantee herein covenants, by and for himself or herself, his or her heirs, executors, administrators, and assigns, and all persons 1345503v I B 2.194 2/0039 claiming under or through them, that there shall be no dis n' m inatio against or segregation of any person or group of persons on any basis listed in subdivision a or d of Section 12955 of the Government Code, as those bases are defined in Sections 12926, 12926.1, subdivision and paragraph 1 of subdivision p of Section 12955, and Section 12955.2 of the Government Code, in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the land herein conveyed, nor shall the grantee, himself or herself or any person claiming under or through him or her, establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, subleases or vendees in the land herein conveyed. The foregoing covenants shall run with the land." 2. Notwithstanding ithstanding paragraph 1,, with respect to familial status, paragraph 1. shall not be construed to apply to housing for older persons, as defined in Section 12955.9 of the Government Code, if applicable. With respect to familial status, nothing in paragraph 1. shall be construed to affect Section 51.2, 5 1. 51.10, 51.11 and 799.5 of the Civil Code relating to housing for senior citizens. Subdivision d of Section 51 and Section 1360 of the Civil Code and subdivision (n), (o), and p of Section. 12955 of the Government Code shall apply to paragraph 1. (b). I leases: "The lessee herein covenants, by and for himself or herself, his or her heirs, executors, administrators and assigns, and all persons claiming under or through him or her, and this lease is made and accepted upon and subject to the following conditions: 1. That there shall be no discrimination against or segregation of any person or group of persons on account of any basis listed in subdivision a or d of Section 12955 of the Government Code, as those bases are defined in Sections 12926, 12926.1, subdivision m and paragraph 1 of subdivision p of Section 12955, and Section 12955,2 of the Government Code, in the leasing, subleasing, transferring, use, occupancy, tenure or enjoyment of the land herein leased, nor shall the lessee, himself or herself or any person claiming under or through him or her, establish or permit any such pra ti o or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subleases, subtenants or vendees in the land herein leased." 2. Notwithstanding paragraph 1,, with respect to ftumili l status, paragraph 1, shall not be construed to apply to housing for older persons, as defined in Section 12955.9 of the Government Code, if 13403v tB 2194210039 applicable. With respect to familial status, nothing in paragraph 1. shall be construed to affect Sections 51.2, 51.3 5t.4 51.10, 51.11 and 799.5 of the Civil Code, relating to dousing for senior clti ens. Subdivisions d of Section 51 and Section 1360 of the Civil Code and subdivision n, and P of Section 12955 of the Government Code shall apply to paragraph 1. (c) In contracts: "There shall be no discrimination against or segregation of any person or group of persons on any basis listed in subdivision or d of Section 12955 of the Government Code, as those bases are defined in Sections 12926, 1 2926.1, subdivision and paragraph 1 of subdivision (p) of Section 12955, and Section 12955.2 of the Government Code, in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the land, nor shall the transferee, himself or herself or any person claiming under or through him or her, establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subleases, subtenants or ven eer in the land." The contract shall further specify that the foregoing provisions shall be binding on the contracting party or parties, any subcontracting party or parties or other transferees under the instrument. AR'T'ICLE 8. NO IMPAIRMENT of LIEN No violation or breach of the covenants, conditions, restrictions, provisions or limitations contained in this Agreement shall defeat or render invalid or in any way impair the lien or charge of any mortgage, deed of trust or other financing or security instrument; provided, however, that any successor of Participant to the Property and Housing Project shall be hound by such covenants, conditions, restrictions, limitations and provisions, whether such`]. successor's title was acquired by foreclosure, deed in lieu of foreclosure, trustee's sale or otherwise. ARTICLE 9. DURATION The covenants contained in Articles 2, 3 and 4 of this Agreement shall be deemed to run with the Property and Horsing Project until the date which is fifty -five years following the Effective Date. The covena is against discrimination contained to i- ficles 6 and 7 of this Agreement shall Arun with the land in perpetuity. ARTICLE 10. SUCCESSORS AND ASSIGNS The covenants contained in the Agreement shall be binding upon Participant and its heirs, successors and assigns, and such covenants shall run in favor of the Commission and its successors and assigns for the entire period during which such covenants shall be in force and effect, without regard as to whether the Commission 1s or remains an owner of an land or interest therein to which such covenants relate. In the event of any breach f any such covenants, or breach of any of Participa .t's obligations under this Agreement, Commission and its successors and assigns (which may include the City of Alameda shall have the right to 10 1345503v 1 B 21942!0039 exercise all of the rights and remedies, and to maintain any actions at law or suits in equity or other proper proceedings to enforce the curing of such breach. The covenants contained in the Agreement, without regard to technical classification and designation, shall be for the benefit of and shall be enforceable only by the Commission, and its successors and assigns. ARTICLE 11, SUBORDINATION DINATION AGREEM NT This Agreement shall have priority over the liens of all mortgages, deeds of trust and other liens (other than the lien for current, unpaid property taxes) and Participant shall cause all such mortgagees, deed of trust beneficiaries and other lien holders to execute and deliver to Commission for recordation in the official Records of Alameda County, a subordination agreement, in a form reasonably acceptable to Commission, subordinating such mortgages, deeds of trust and other liens to this Agreement thereby ensuring the priority of this Agreement over all such mortgages, deeds of trust and other liens. ARTICLE 12. DEFAULT Any failure by Participant to perform any term or provision of this Agreement shall constitute a "Default" 1 if Participant does not cure such failure within thirty o days following written notice of default from Commission, or 2 if such failure is not of a nature which can be cured within such thirty o day period, Participant does not commence substantial efforts to cure the failure within thirty o days and thereafter prosecute to completion with diligence and continuity the curing of such failure. Any notice of default given under this Agreement shall identify the nature of the failure in performance which Commission elainns constitutes the Default and the manner in which such Default may be satisfactorily cured. Any failure or delay by Commission in asserting any of its rights or remedies, including -specific performance, as to any Default shall not operate as a. waiver of any Default or of any such rights or remedies or deprive Commission of its right to institute and maintain any actions or proceedings which it may deem necessary to protect, assert or enforce any such rights or remedies, A RTIC L E 13. NOTI E S, D AND COMMUNICATIONS Any approval, disapproval, demand, document or other notice to be provided under this Agreement shall be given in writing and shall be sent: a for personal delivery by a delivery service that provides a record of the date of delivery, the individual to whom delivery was made, and the address where delivery was made; b by first -class certified United States maxi, postage prepaid, return receipt requested; or c by a nationally recognized overnight courier service and rnarlced for next clay business delivery. All notices shall be addressed to the patty to whom such notice is to be given at the property address stated herein or to such other address as a party may designate by writtcn notice to the other. Any written notice, demand or communication shall be deemed received: a immediately if delivered by personal deliver as provided hereinabove; b) on the third day from the date it is postmarked if delivered by first -class mail, postage prepaid, return receipt requested; and c on the next business day if sent via nationally recognized overnight courier and mark mark-e for next clay business delivery. Notices 'sent by a party's attorney on behalf lfi of such party shall be deemed delivered by s cb party. 11 1345 503v I I 21. 942/0039 To Commission; Community improvement Commission of the City of Alameda co Housing Authority 701 Atlantic Avenue Alameda, CA 94501 Attention: Executive Director With a copy to: City of Alameda 2263 Santa Clara. Avenue Alameda, CA 94501 Attention. City Attorney To Participant With a copy to: Attention: Attention: ARTICLE 14. ATTORNEYS' F LA ES In any action or proceeding which either party brings against the other to enforce its rights hereunder, the unsuccessful party shall pay all costs incurrod by the prevailing party, including reasonable attorneys" fees, wbich amounts shall be a part of the judgment in any action or proceeding. ARTICLE 15. MISCELLANEOUS Each party agrees to cooper #ate with the other in the implementation and administration of this Agreement and, in that regard, shall execute any and all documents which may be reasonably necessary, helpful, or appropriate to carry out the purposes and intent of tills Agreement. This Agreement may be signed in multiple counterparts which, when signed by all parties, shall constitute a binding agreement. The words "include" and "including" shall be construed as if followed by the words "without limitation." All exhibits and attachments hr reto are incorporated by reference as though fully restated herein. This reement shall be interpreted as though prepared jointly by bona parties, and shall be construed in accordance with and be governed by the lags of the State of California. If any provision of this Agreement shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions hereof shall not in any way be affected or impaired thereby. A waiver by either party 12 13455030B 2f942/0039 of a breach of any of the covenants, conditions or agreements hereunder to be performed by the other party shall not be construed as a waiver of any succeeding breach of the same or other covenants, agreements, restrictions or conditions hereof. No waiver by Commission of any of the conditions hereof shall be effective unless in writing expressly identifying the scope of the waiver and signed on behalf of an authorized official of Commission. Any alteration, change or modification of r to the Agreement, in order to become effective, shall be made in writing and in each instance signed on behalf of each party hereto. IN WITLESS WHEREOF, the Commission and Participant have caused this Agreement to be executed on their behalf by their respective officers thereunto duly authorized, on the Effective Date first above written. RECOMMENDED FOR APPROVAL: Michael T. Pucci, Executive Director Housing Authority COMMUNY17Y IMPROVEMENT COMMISSION F THE CITY OF A AME A, a public body corporate and politic Executive Director [Signature must b notarized] APPROVED AS TO FORM: City ttrneyGeneral Counsel 1 13455030B 21942/0039 PARTICIPANT:: B. Print Name: Its; Bar: [Signature must be otarizee1J Print Larne: Its [Signature must be nolan ed] 1 134,5503v 1B 21942/0039 NOTARY ACKNOWLEDGMENTS [TO BE INSERTED] 1345503 v I B 21942/0039 EXHIBIT Description Property Exhibit A 1345503viB 2194210039 EXHIBIT B. Tenant Income Certification. Project: Date: Affordable Units: 0% of Median Income of Median Income 120% of Median Income Address /Unit Number: Rent: Tenant /Household Name: Date of Lease: Size of Household: Expiration: Total Household Income: per year The following list includes each member of the household and their income. Attached are federal or state income tax returns for the most recent tax year, current stubs from paychecks or ether evidence of the income of each incorrre- producln. g member of the household. Name of Source of Income Household Social Security Annual Name of Member Relationship Age Number Income Employer 1 We the undersigned have read and answered fully, frankly and personally each of the above questions under penalty of perjury and do hereby swear they are true. Head of Household Date participant/ A Date Exhibit I 1401 21942/0039 EXHIBIT Site Flan [To be inserted] Fait C 13 45 50 3 v 1. T 2194210039 0*1044 439 I J-1 Aft Materials,, Amenities and Finishes [To be inserted] Exhibit 1345503vlB 21942/0039 EXHIBIT CERTIFICATION of CONTINUING COMPLIANCE Project: Total Affordable Housing Units in Project: Very Low Income Units (not to exceed 0% of Median Income) Low Income Units (not to exceed 0% of Median Income): Moderate Income Units (not to exceed 120% of Median Income): Date; The Participant, -in accordance with the Affordable Housing Agreement, dated does hereby certify to the Community Improvement Commission slon of the City of Alameda that during the preceding year, the units identified on the following pages were occupied in accordance with the Affordable Housing Agreement and does hereby farther certify that the representations set forth herein are true and correct to the best of the undersigned's knowledge, ledge, Signed: Nuticlp nt Agent [See Attached] .habit Date: 1345503YIB 21942/0039 ANNUAL COMPL REPORT Project; Date: Very Low Income Units (Not to Exceed o of Median Income} Annual Household Number in Unit No. /Address, Type Tenant Name Income Household (Attach additional sheets as required.) Si Participant Agent Exhibit Date: Monthl Rent 140IB 2194210039 ANNUAL COMPLIANCE REPORT Project: Date: Low Income nits Not to Exceed 80 of Median Incon� Annual H ousehold Number in Unit No. /Address Type Tenant Name Income Household (Attach additional sheets as required.) Signed: Date: Participant Agent Exhibit Monthly Rent 134031B 2194210039 ANNUAL COMPLIANCE REPORT Project: Date: Moderate Income Units (Not to Exceed 120% of Median Income) Annual Household Number in Unit Igo. /Address Type. Tenant Name Income Household ,Attu, additional sits as required.) Signed: Date: Participant Agent Exhibit Monthly Rent 1345503YIB 21942/0039 Exhibit Form o Affordable For Sale Housing Agreement RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: Community Improvement Commission of the City of Alameda c/o Housing Authority 70 Atlantic Avenue A lameda, California 945 Attention: Executive Director (Space Above This Line for Recorder's Use Only) [Exempt from recording fee per Goer. Code 27383] AFFORDABLE BL HOUSING AGREEMENT (For -Sale Units with Connnission Assistance) This Affordable Dousing Agreement ("Agreement”) dated is entered into between the COMMUNITY IMPROVEMENT COMMISSION of THE CITY of ALAME A, a public body, corporate and politic, exercising go emmenta.l Functions and powers and organized and existing under the Community Redevelopment Law of the State of California Hea Safety Co Section 33000 et seq.) "Commission" and a ..TJ_j e t p e o f erntit 1___.._._J rti ip Ant" ECIT AU The following recitals are a substantive part of this Agreement. A Participant is the owner of that certain real property located in the City o A lameda, County of Alameda., State of California, more particularly described in Exhibit A. attached. hereto Property"). B Commission ion Resolution loo. 04-127, as amended by Commission Resolution No. 09 -163, sets forth certain inclusionary requirements for development in the Busines s and Waterfront hnpro ement Project and the West End Community Improvement ent Project "Commission Inclusi n .r Policy" The Property is located in the Business and WaterfTont Improvement Project and is, therefore, subject to the Commission hiclusionary Policy. C. The Commission, in its efforts to create affordable for -sale housing opportunities for persons and families of very low, low, and moderate income, entered into an owner Participation Agreement b etween the Commission and Participant dated (the "oPA" The OPA provides, among other things, for i Participant's redevelopment of the Property w for-sale units ("Project") including units to be available at an affordable housing cost to persons and families of .[insert a very 16w, l and/or moderate incon ie levels (each, an "Affordable Unit," and collectively, the "Affordable Units"), (ii) Commission's provision of certain financial assistan e to Participant in connection with the development of the Affordable Units, and (iii) the establishment of curtain covenants and restrictions to ensure redevelopment of the Property in accordance with this Agreement, the Community Improvement Plan for the Business and Waterfront hnpro ement Project, and the 1345 80 1vI B 21942/0039 Commi Incl sionary Policy. Under th e oPA, the Commission has provided Participant with a [inSert" le .:.Iod c t] in amount of D OLLARS Commission Loan" Participant has executed a promissory note for the Commission Loan ("Commission mission Note which is secured by a deed of trust recorded against the Property ("Deed of Trust"). D Participant's performance of all of its obligations under this Agreement i condition of forgiveness of the Commission Loan acid provision of the Commission assistance under the oPA. Pursuant to the OPA, in the event of any default under this Agreement and following the expiration of all applicable notice and cure periods, Participant agrees to repay to Commission all amounts owing under the Commission Mote. E Commission and Participant desire by execution of this Agreement to assure that the Property meets the requirements of California Health and Safety Code Sections 33334.3 and 33413 and the requirements of the Commission fnclusionary Policy, and that the Affordable Units remain affordable for a minimum of fifty -nine years following the elate of recordation of this Agreement. IoW, THEREFORE, Participant and Commission agree as follows: ARTICLE I DEFINITIONS The following terms shall have the meanings set forth in this Article 1: A. "Agreement" means this Affordable Housing Agreement between the Participant and Commission. B "Affordable Housing Cost" shall be as defined in Health and Safety Code Section 002.b, or any successor statute thereto. If the statute is no longer in effect and n successor statue is enacted, the Commission shall establish the Affordable Housing Cost for purposes of this Agreement. C. "Affordable Unit" means each of the affordable units that are to be sold to and occupied by Eligible Households only pursuant to Article 2. D. "Applicable Law means all laws, ordinances, statutes, codes, rules, regulations, orders and decrees, of the United Mates, the Mate of California, the County of Alameda, the City, and of any other political subdivision, agency or instrumentality exercising jurisdiction over Commission, Partici ant, the Property or the Project. E "City" means the City of Al ameda, a municipal corporation. F. "Commission" means the Colnmunity li nprover cnt Commission of the City of Alameda, a public body, corporate and politic. G. "Commission Intl si n ry Policy is defined in Recital B. 14011 2194210039 above. H. "Effective Date" means the effective date of this Agreement, as first set forth I. "Eligible household" means a person or household i meeting the definition of "Moderate Income Household, "Low Income Household, or "Very Low Income Household, as applicable, under this Article 1; and (ii) meeting Participant's standard criteria for determining eligibility for occupancy, which may include an evaluation of the applicant's ability to pay its mortgage, employment status and credit history, These standard criteria may vary from time to tine, but must be uniformly applied at all times. J. "Project" rs defined in Recital C. K. Inclusionary Ownership Guid lines" 1s defined in Section 2.1 E. 2. L. "Low Income Household" roans a household whose annual income does not exceed the qualifying limits sot for "lower income households in Section 50079.5 of the California Health and Safety Code, or any successor statute thereto. M. "Mart Rate Units" means units in the Project, the sale and occupancy of which are not regulated by this Agreement, I. "Moderate Income Household" means a household whose annual income does not exceed the qualifying limits sot for "persons acrd f mill of low r m leer to ilicome" in Section 50093 of the California Health and Safety Code, or any successor statute thereto. o. "Participant" moans P. "Property" i defined in Recital A. ,a Q. "Project Approvals" means and includes all Commission and City approvals required for development of the Project including the plans, drawings and related design or land use approvals and any conditions of approval imposed by City as set forth in Section 4. 1. R. "Project Units "t means the l Marl et Rate Units and the Affordable Units. S. "Resale Restriction" tion is defined in Section 2. LEA. T. "Schedule" is defined in Section 2. I.D. U. "Tenn" is defined in Section 4.3. V. "Very Low Income Household" means a household whose annual income does not exceed the qualifying limits set for "very low income households" in Section 50105 of the California Health and Safety Code, or any successor statute thereto. 134580 1 v I B 21942/0039 ARTICLE 2 PROJECT TNCLUSIONARY REQUIREMENT 2.1 Affordability lecuirements and Restrictions. A. Participant shall construct Affordable Units in the Project, which will be sold to and occupied by Eligible Households, as follows: [Insert as applicable: Affordable Units shall be sold to and occupied by .moderate Income Households, of the Affordable Units shall be sold to and occupied by Low Income Households, and of the Affordable Units shall be sold to and occupied by Very .ow Income Households]. B. The Annual Household Income shall be considered for purposes of calculating the applicable income of the Eligible Household. "Annual Household Income" means the combined 11 gross income" for a person or family living in a dwelling unit as calculated pursuant to Section 6914 of Title 25 of the California Code of Regulations. C. The Affordable Units shall be consistent with the architectural character, size, floor plans and location shown for the rinser t applicable d r i p: type.] identified in the Project Approvals. Affordable Units shall be comparable in exterior appearance and overall quality of construction to Market Rate Units in the Project. D. Participant shall construct the Market Rate Units and Affordable Units according to the schedule attached a Exhibit B and incorporated herein ("Schedule"). dole"). E. Participant shall make a written designation to Commission, at the time the final subdivision mnap for the Property is recorded, of the units that shall be the Affordable Units, which designation shall be consistent with the terms of this Agreement. The total number of Affordable Units being offered for sale in accordance with this Artier 2 shall be as required b subsection 2.1,A. above. During the Teem of this Agreement, the Affordable Units shall be subject to all of the requirements of this Agreement, including without limitation the following additional restrictions and requirements: I. The Affordable Units shall only be sold to and be occupied by Eligible Households, as specified in subsection 2. LA.. Each Affordable Unit shall only be sold to and be occupied by an Eligible Household at a price that does not exceed the Affordable Housing Cost for such a household, subject to prior approval of the Commission as further described below. 2. Each Affordable Unit shall only be sold to an Eligible Household approved by Commission in accordance with this Agreement, the Commission Inelusionar Policy, r, and the City's "Inclusionary Housing Program Buyer Selection Guidelines," attached hereto as Exhibit C, as they may be amended from time to time (the "Ineluslonar Ownership Guidelines"). At least t in 3 calendar days prior to entering into any agreement with a prospective buyer related to any proposed sale or other transfer of any ,Affordable Unit during the Terra, Participant shall subi.it to the Commission: a a copy of the proposed written agreement of purchase and sale; b an application for Commission approval of the prospective purchaser /transferee in a form to be provided by the Commission, along with such supporting documentation as Commission may require to ocument the proposed purchaser's /transferee's status as an Eligible Household, including the prospective purchaser's /transferee's payroll stubs _r 134580tvIB 2194210039 and most recent income tax return, and to otherwise determine. compliance with the terms of this Agreement, including the requirement that the sales price for each Affordable Unit not exceed the Affordable Housing Cost for the purchasing Eligible Household; and c the income certification to be provided to any lender ruling a loan On the Affordable Unit. Participant shall bear all costs and expenses associated with such certification and eligibility determination process. within thirty calendar days from receipt of the documentation, C rr missi n shall render a decision of eligibility or nneligibility. Provided the prospective purchaser /transferee qualifies as an Eligible Household, the purchase price of the Affordable Unit meets the definition of Affordable Mousing Cost, and the sale or transfer complies with the Commission Inclusinary Policy and the Inelusi nary Ownership Guidelines, the Commission shall within such thirty (30) calendar days issue a letter of approval confirming that the proposed transaction complies with the requirements of this Article 2. If the prospective purc aser transferee does not qualify as an Eligible Household, the purchase price of the Affordable Unit does not meet the definition of Affordable' Housing Cost, or the sale or transfer does not comply with the Commission Inelu ion ry Policy or the Inclusi nary Ownership Guidelines, the Commission shall so notify the Participant in writing, within such thirty calendar days, stating the basis for its determination in reasonable detail and the Participant shall not sell the Affordable Unit to such non Eligible Household. 3. THERE SHALL BE NO SALE OR OTHER TRANSFER OF AN AFFORDABLE UNIT" WITHOUT ISSUANCE OF A LETTER OF APPROVAL BY COMMISSION THAT THE PURCHASER/TRANSFEREE IS AN ELIGIBLE HOUSEHOLD, THE PURCHASE PRICE OF TE AFFORDABLE UNIT MEETS THE DEFINITION OF AFFORDABLE HOUSING COST FOR SUCH PURCHASER TRANSFEREE AND THE CATEGORY OF SUCH AFFORDABLE UNIT, AND THE SALE OR TRANSFER COMPLIES WITH COMMISSION'S INCLUSION RY POLICY AND THE INCLUSIONARY OWNERSHIP GUIDELINES. ANY SALE OR OTHER TRANSFER. OF THE AFFORDABLE UNIT IN VIOLATION OF THIS AGREEMENT SHALL BE VOID. 4. EACH PURCHASER OF AN AFFORDABLE UNIT SHALL ENTER INTO AND RECORD AT THE CLOSE OF ESCROW AN AFFORDABILITY, RESTRICTIONS ON RESALE AND OPTION TO PURCHASE AGREEMENT ("RESALE RESTRICTION"), IN A FORM S UB S TA.NTIALLY SIMILAR TO EXHIBIT D. ATTACHED HERETO, SUPPLIED BY AND APPROVED BY COMMISSION, AND FOR THE BENEFIT OF COMMISSION. UPON RECORDATION OF THE RESALE RESTRICTION: THIS AGREEMENT SHALL HAVE NO FURTHER FORCE OR EFFECT AS AN ENCUMBRANCE AGAINST THE AFFORDABLE UNIT ENCUMBERED BY THE RESALE RESTRICTION; AND E PARTICIPANT SHALL HAVE NO FURTHER OBLIGATIONS OR LIABILITIES WITH RESPECT TO THE AFFORDABLE UNIT ENCUMBERED BY THE RESALE RESTRICTION, INCLUDING WITHOUT LIMITATION ANY RESPONSIBILITY FOR COMPLIANCE BY THE BUYER OR ITS SUCCESSORS WITH THE TERMS AND CONDITIONS OF THE RESALE RESTRICTION SIGNED BY PURCHASER, PROVIDED THAT PARTICIPANT HAS COMPLIED WITH THE TERMS OF THIS AGREEMENT. 2,2 Maintenance and Management During the Terin, the Property and the Project shall be maintained by the Homeowners Association farmed to manage, Operate and maintain the Project. The maintenance Obligations will include maintenance of the improvements and landscaping. -5- 134580tvIB 2194210039 Participant agrees to maintain the Affordable Units in a clean and orderly condition and in good condition and repair, including the maintenance of improvements and landscaping, and to keep the Affordable Units free from accumulation of debris and waste materials, until the close of escrow of the Affordable Units. Upon the sale and close of escrow on each Affordable Unit, the Eligible Household which purchased the Affordable Unit will be a member of the Homeowners" Association and will be responsible for the payment of Homeowners' Association assessments as provided in the Covenants, Conditions and restrictions f, for the Project. Participant represents and warrants that such Homeowners' Association assessments will equal approximately ­ih d] per Afford Unit per year, subject to increases as provided for in the C& rs. ARTICLE 3 MARKETING G 3.1 MarketinQ and Sales Pro aram and 1 Marl etin l enorts. A. On or before issuance of the building permit for the first hone to be developed on the Property as shown on the Schedule, Participant shall design and deliver to the Cit Housing Authority's Executive Director a marketing eting and sales plan for the Affordable Units. Such plan shall conform to the tens of this Agreement, the Commission Inclusionary Policy, and the Inclusionary ownership Guidelines, and shall be subject to the Housing Authority's Executive Director's review and approval, which approval shall not to be unreasonably withheld or delayed. B. To the extent permitted by lave, the marketing and sales program for the Affordable Units referenced in subsection A. above shall give preference in the sale of the Affordable Units according t a point syst= that allots one preferen pert to persons and households who meet each of the following criteria: 1 persons who live or morl in the City of Alameda-, 2 persons who are first -time buyers; households containing four or more individuals; acrd 4 such other criteria established by the Commission. For persons and households who match more than one of these criteria, preference points shall be aggregated. 3.2 Verification of Citizenship or Qualified Alien Status. At the time of sale of an Affordable Unit, Participant shall verify the citizenship or qualified alien status of all adult buyers as required under the Personal responsibility and Work opportunity reconciliation Act. of 1996 (Public Lave No. 10 -193, 8 U.S.C. 1621). Participant wall verify the citiensbip or qualified alien status by causing the applicants for purchase to complete and sign under penalty of perjury the HCD Benefit Status Form 1 (2198) or such other form provided by HCD for this purpose. The signed forms shall be forwarded by Participant to Commission. 3.3 Restrictions on Sales of Affordable Units. Participant shall not sell the Affordable Units to any of the following: a any partner, officer, shareholder or employee of Participant or any Family Member (defined below) of any partner, officer, shareholder or employee of Participant; b) any member of the City Council or the Commission or any member of any City Board or Commission; and c any City or Commission employee who exercises any function or responsibility in connection with the Property or who has, or whose Family Member (defined below) has, an economic interest in the Property pursuant to the provisions of the Political Reform ,Act, Government Code section 87100 et sect, "Family Member" shall mean the spouse, 1345801 1 B 21942/0039 state registered d rn i rt r, or child of the individual at issue or the individual's or his or her spouse's or domestic partner's parent, grandparent, brother, sister, aunt,, uncle, niece or nephew. 3.4 Effect of Article 3. This Article 3 shall terminate and be of no further force and effect as to Participant upon the flat to occur of: a the last day of the Term; orb with respect to each Affordable Unit, the closing of the sale by Participant of, and the transfer of title to, the Affordable [,Tait pursuant to Article 2 above. ARTICLE GENERAL PI O ISIONS 4.1 Conditions of Approval This Agreement is intended to give effect to the Commission Inclusion.ary Policy and Condition of Approval loo. I imposed by the City pursuant to the City Council Ordinance In the evert of any conflict between this Agreement and the Commission Inclusionary Policy, this Agreement shall prevail. 4.2 Notices. Notices required to be given to Commission or to Participant shall be given b hand delivery, recogni zed overnight courier or certified mail, return receipt requested, to the following addresses, or to such other address(es) as a party may designate from time to time b written notice to the other: To Commission: Community Improvement Commission of the City of Alameda o housing Authority 701 Atlantic Avenue Alarmed, CA 94501 Attention: Executive Director With a copy to: City of Alameda 2263 Santa Clara Avenue Alameda, CA 94501 Attention: City Attorney To Participant With a copy to; 1 345 01 v l B 1 942/0039 Attention: Duration, The covenants set forth herein on the Affordable Units shall be covenants running with the land and shall inure to the benefit of Comrflission and its successors and assigns, and shall be enforceable by Commission and its successors and assigns, for a period of fifty -nine 5 ears from the later of a initial occupancy of the Project, or b issuance of a certificate of occupancy for the Affordable Units ("Term"); provided, however, in the event an Affordable Unit is sold during the Term, the new owner shall be msponsible for the resale and refinance restrictions as set forth in a new Resale Rastriction agreement executed in the form attached as Exhibit E that will reset the time limit for the affordability restrictions on the Affordable Unit. Upon Commission's request, Participant shall confirm the commencement and expiration dates of the Term in a written, recordable instrument. Upon recordation of the Resale Restriction as to each Affordable Unit, this Agreement shall have no further force or effect as an encumbrance against each Affordable Unit to which such Resale Restriction pertains, and Participant shall have no further obligations or liabilities with respect to the Affordable Unit, including without limitation, any responsibility for compliance by the buyer or its successors with the terms and conditions of the Resale Restriction, provided that Participant has complied with the terms of this Agreement, No Discrimination. Participant covenants, by and for itself and any successors in interest, that there shall be no discrimination against or segregation of any person or group of persons on account of any basis listed in subdivision a or d of Section 12955 of the Government Code, as those bases are defined in Sections 12926, 1 2926.1, subdivision m and paragraph 1 of subdivision p of Section 12955, and Section 12955.2 of the Government Code, in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the Property, nor shall Participant, itself or any person claiming under or through it, establish or permit any such practice or practices of discrimination or segregation with reference to the selection,, location, number, use or occupancy of tenants, lessees, subtenants, subleases or vend es in the Property. All deeds, leases or contracts made relative to the Property, the improvements thereon or any part thereof, shall contain or be subject to substantially the following nondiscrimination clauses: (a) In deeds: 1. "The grantee herein covenants, by and for himself or herself, his or her heirs, executors, administrators, and assigns, and all persons claiming under or through t .cm., that there shall be no discrimination against or segregation of any person or group of persons on any basis listed in subdivision a or d of Section 12955 of the Government Code, as those bases are defined in Sections 12926, 12926.1, subdivision m and paragraph 1 of subdivision p of Section 12955, and Section 12955.2 of the Government Code, in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the land herein conveyed, nor shall the grantee, himself or herself or any person claiming under or through him or her, establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, subleases or vendees in the land herein conveyed. The foregoing covenants shall run with the land." 1345 801 v I B 21942/0039 2, Notwithstanding paragraph 1,, with respect to familial status, paragraph 1. shall not be construed to apply to housing for older persons, as defined in Section 12955.9 of the Government Code. With respect to familial status, nothing in paragraph 1. shall be construed to affect Section 51.2, 51.3, 51.4, 51.10 5 1.11 and 799.5 of the Civil Code relating to housing for senior citizens. Subdivision d of Section 51 and Section 1360 of the Civil Code and subdivision n, o, and p of Section 12955 of the Government ent Code shall apply to paragraph 1. (b) In leases: "'The lessee herein covenants, by and for himself or herself, his or her heirs, executors, administrators and assigns, and all persons claiming under~ or through him or her, and this lease is made and accepted upon and subject to the following conditions: 1. That there shall be no discrimination against or segregation of any person or group of persons on account of any basis listed in subdivision a or d of Section 12955 of the Government Code, as those bases are defined in Sections 12926, 12926. 1, subdivision m and paragraph 1 of subdivision (p) of Section 12955, and Section 12955.2 of the Govern i nent. Code, in the leasing, subleasing, transferring, use., occupancy, tenure or enjoyment of the laird herein leased, nor shall the lessee, himself or herself or any person claiming under or through him or heir, establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subleases, subtenants or vendees in the land herein leased." 2. Notwithstanding paragraph 1., with respect to familial status, paragraph 1. shall not be construed to apply to housing for older persons, as defined in Section 12955.9 of the Government Code. With respect to familial status, nothing in paragraph 1, shall be construed to affect Section 51.2, 51.3, 51.4, 51.10 51.11 and 799.5 of the Civil Code relating to housing for senior citizens. Subdivision d of Section 51 and Section 1.360 of the Civil Code and subdivision (n), (o), and p of Section 12955 of the Government Code shall apply to paragraph 1. (c) In contracts: "There shall be no discrimination against or segregation of any person or group of persons on any basis listed in subdivision a or d of Section 12955 of the Government Code, as those bases are defined in Sections 12926, 12926.1, subdivision and paragraph 1 of subdivision p of Section 12955, and Section 12955.2 of the Government Code, in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the land, nor shall the transferee, himself or herself or any person claiming under or through him or her, establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subleases, subtenants or vendees in the land." The contract shall further specify that the foregoing provisions shall be binding on the contracting party or parties, any subcontracting party or parties or other transferees under the instrur ent. 13 4011 B 2194210039 4.5 Amendment This Agreeiue .t may be amended only in writing by Commission and Participant. 4.6 No Impairment of Lien No violation or breach of the covenants, conditions, restrictions, provisions or limitations contained in this Agreement shall defeat or render invalid or in any wa impair the lien or charge of any mortgage, deed of trust or other financing or security instrument, provided, however, that any successor of Participant to the property shall be bound by such covenants, conditions, restrictions, limitations and provisions, whether such successor's title was acquired by foreclosure, deed in lieu of foreclosure, trustee's sale or otherwise. 4.7 Successors and Assigns. A. Binding Effect; Covenants Run with Land. The covenants contained in this Agreement shall inure to the benefit of Commission and its successors and assigns and shall be binding upon participant and any successor in interest to the Property or any part thereof, and such covenants shall run in favor of the Commission and its successors and assigns (which may include the City) for the entire period during which such covenants shall be in force and effect, without regard as to whether the Commission is or remains are owner of any land or interest therein to which such covenants relate. Upon the transfer by participant of all or any portion of Its interest in the Property, all references in this Agreement to participant thereafter shall mean and refer to such successor in interest of participant as may then be the owner of the Property or such portion thereof, or interest therein. In the event that participant transfers the Property or any portion thereof or interest therein to more than one successor in interest, all successors in Interest shall be collectively required to comply with the provisions of this Agreement and shall be jointly and severally liable for any breach or failure to comply, unless each successor and Commission enter into an agreement outlining the specific obligations of each successor for compliance with this Agreement. Commission, and its successors and assigns, in the event of any breach of any such covenants, shall have the right to exercise all of the rights and remedies, and to m, main any actions at law or suits in equity or other proper proceedings, to enforce the curing of such breach. The covenants contained in this Agreement, without regard to technical classification and designation, shall be for the benefit of and shall be enforceable only by the Commission, and its successors and assigns. B. Transfer 'by participant ofPropey Except as expressly permitted by this subsection B., participant shall not sell, transfer, convey, assign or ground lease the property or any part thereof or interest therein ("Transfer") during the period between the Effective Date and the closing date for the sale of the last Affordable Unit pursuant to Article 2 above without prior written approval of the Commission's Executive Director, or its designee. The approval of the Commission's ion's Executive Director, or its designee shall not be unreasonably withheld or delayed. This restriction shall not apply to i any 'Transfer of Participant's interest in the Property to any trust, p .itnersbip, corporation, limited Ilability company or other entity that 1s managed and controlled by Participant, or (ii) any Transfer after the closing date for the last Affordable Unit sold to an Eligible Household pursuant to Article 2 above. This restriction on Transfer shall not be deemed to limit or restrict: the sale of the 1larlet fate Units, nor shall it be deemed to limit the making of dedications or granting of easements. or permits to facilitate development of the Property. This restriction on Transfer shall also not be deemed to prohibit, limit or restrict the assignment or granting of any security interests in the Property for the -to- 13458010B 21942/0039 purpose of securing loans or funds t e used for financing the construction of the improvements on the Property, or the exercise by any lenders of their rights and remedies, including without limitation foreclosure, under the agreements and instruments evidencing or securing any such financing approved by the Commission pursuant to the OPA. Subordination. This Agreement shall have priority over the liens of all mortgages, deeds of trust and other liens (other than the lien for current, unpaid property taxes) and participant shall cause all such mortgagees, deed of trust beneficiaries and other lien holders to execute and deliver to Commission for recordation in the official Records of Alameda County, subordination agreement, in a form reasonably acceptable to Commission, subordinating such mortgages, deeds of trust and other liens to this Agreement thereby ensuring the priority of this Agreement over all such mortgages, deeds of trust and other liens. 4. No Third Party Beneficiaries Notwithstanding anything in this Agreement to the contrary, there are no third party beneficiaries of this Agreement. 4,10 Effect -of Agreement Notwithstanding anything in this Agreement to the contrary, nothing in this Agreement shall have any force or effect on any buyer or buyer's right, title or interest in or to any unit other than the Affordable Units, except that the buyer of an Affordable Unit shall execute and be subject to the Resale Restriction. The foregoing exemption and release shall be self executing and require no further instruments or assurances to be effective. 4.11 Default. and Remedies. A. Any failure by Participant to perform any terra or provision of this Agreement shall constitute an "Event of Default" 1 if Participant sloes not cure such failure within thirty days following written notice of default from Commission, or 2 if such failure is net of a nature which cannot reasonably be cured within such thirty o day period, Participant does not within such thirty o day period commence substantial efforts to care such failure or thereafter does not within a reasonable time prosecute to completion with diligence and continuity the curing of such failure. B. Any notice of default glen hereunder shall specify in detail the nature of the failure in performance alleged by Commission and the manner in which such failure of performance may be satisfactorily cured in accordance with the terms and conditions of this Agreement. During the time periods herein specified for cure of a failure to perform, Participant shall not be considered to be in default of this Agreement for any purposes. C. Any failure or delay by Commission in asserting any of its rights or remedies as to any Event of Default shall not operate as a waiver of any Event of Default or of any such rights or remedies or deprive Cormrrrssion of its right to institute and maintain any actions or proceedings which it may deem necessary to protect, assert or enforce any such rights or remedies. D. In the event of an Event of Default under this Agreement, Commission shall have the right to exercise all of the rights and r ;ern dies, and to maintain any actions under this Agreement, the Commission Inclusionary Policy, the OP.A., at law, in equity, or other retried proceedings. 14011B 21942100 E. Notwithstanding the foregoing, in the event that Participant falls to comply with the terns of this Agreement, Commission may cause City to suspend issuance of building permits for Market Date Units, building inspections of Market Rate Units, or issuance of occupancy permits for Market Rate Units, or pursue any other remedy available to it. 4,12 California Law. The laws of the State of California, without regard to conflict of laws principles, shall govern the interpretation and enforcement of this Agreement. 4.13 Counterparts This Agreement may be signed in multiple counterparts each of which shall be deemed to be an original. 4,14 Severab111ty Should any provision of this Agreement be found invalid or un nforeeable by a court or other body of competent jurisdiction, said invalidity, unenforceability or ineffectiveness shall not affect the validity of the remaining provisions which shall remain in force. and effect pursuant to the limitations and duration agreed to herein, 4,15 Entire Agreement This Agreement constitutes the entire agreement ent between the parties and no modification hereof shall be binding unless reduced to writing and signed by the parties hereto. The exhibits attached to this Agreement are incorporated by reference. 4,16 Interpretation As used in this Agreement, masculine, feminine or neuter gender and the singular or plural number shall each be deemed to include the others where and when the context so dictates. The words "include" and "including" shall be construed as if followed by the words O without limitation." The parties acknowledge that each party and its respective counsel have reviewed and revised this Agreement and that the rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of this Agreement or any document executed and delivered by either party in connection herewith. The captions in this Agreement are for convenience of preference only and shall not be used to interpret this Agreement. Reference to section numbers are to sections in this Agreement, unless expressly stated otherwise, 4,17 Attorney Fees In the event that any party to this Agreement brings an action to interpret or enforce its rights under this Agreement, the prevailing party in such action shall be entitled to recover its costs and reasonable attorneys" fees as awarded by the court in such action. 4.18 Authorized Signatories Each of the undersigned hereby warrants and represents that he /she is duly authorized to execute this Agreement on behalf of the entity for whom he /she signs, [Signatur( page fo Ilows] -12- 1 345 801 v 1 B 219421003 IN WITNESS WHEREOF, Commission and Participant have caused this Agreement to be executed on their behalf by their respective officers thereunto duly authorized, RECOMMENDED FOR APPROVAL: Michael T. Pucci, Executive Director Housing Authority COMMUNITY IMPROVEMENT COMMISSION OF THE CITY OF ALAME A, a public body corporate and politic [Signature must be notarized] APPROVED AS TO FORM: City Attorney /General Counsel Executive Director PARTICIPANT: I y: Print Name: Its By: Print acne: Its: [Signafurie ?n test be notarized] [Signature mitst be n otarized] -13- 1 345 801 1 B 2194210039 NOTARY ACKNOWLEDGMENTS [TO BE INSERTED] 1345801vlB 2194210039 Q m I i H OME A wl Le Description of Prope Exhibit 1345 01 v I B 2194210039 EXHIBIT Schedule Exhibit B 1345801viB 21942/0039 EXHIBIT C Cit y Inclusionary Housing Program Buyer Selection Guidelines Exhibit 1 345 801 v 1 B 2194210039 I 6 no 0 Affordability Rpstrictions on Resale and Option to Purchase„ Agreement Exhibit D 140111 21942/0039 RECORDING G REQUES'T'ED BY AND WHEN RECORDED MAIL To: Community Improvement Commission of the City of Alameda co Housing Authority `col Atlantic Avenue Alameda, California 94501 Attention: Executive Director This document is exempt from the payment of a recording fee pursuant to Government Cade 27383. FORM of AFFORDABILITY, RESTRICTIONS ON RESALE AND OPTION To PURCHASE AGREEMENT THIS AFFORDABILI'T'Y, RESTRICTIONS OIL RESALE AND OPT10N To PURCHASE AGREEMENT ("Agreement") is made as of 20 by and between "Owner, as further defined below) and the Communit Improvement Commission of the City of Alameda ("Commission") with reference to the following facts RECITALS A. owner is acquiring fee title to that certain real property in the City of Alameda, County of Alameda, State of California, which is more particularly described in Exhibit A. attached hereto, together with all improvements now or hereafter located thereon and all appurtenances thereto ("Property"), subject to the terms and conditions of that eer Owner Participation Agreement entered into between Commission and ("Participant") slated COPA"), B. In furtherance of the goals of preserving, improving and increasing the supply of low- and raod rate- income housing pursuant to the Community Redevelopment Law (Section 3000 et sect. of the Health and Safety Code, et seq. ("CRL"), the Community Improvement Plan for the Business and Waterfront Redevelopment Project adopted on June 18, 1991, b Ordinance No.2559, as amended (the "Redevelopment Plan"), and the inclusionary housing requirements for development within the Business and Waterfront Community Improvement ement Project as set forth in Commission Resolution No. -127, as amended by Commission Resolution No. 09463 ("Commission In lusionar Polic Commission entered into the oP with Participant to provide the Commission Assistance (as such term is defined in Section of the OPA necessary to make it economically ll feasible for Participant to sell the Property to Owner at an Affordable Housing-Cost, as defined below, subject to the covenants, conditions, restrictions and option to purchase set forth herein. C. The Commission Assistance is the basis for the principal amount of the Commission Note and the Commission's Shared Appreciation, as such tens are defined below. Exhibit D 13458010B 2194210039 D The purpose of this Agreement is to establish the use, occupancy and resale restrictions in accordance with the CI L, the Redevelopment ent Plan, the Commission Inclursion ry Policy, the OPA. and the Grant Deed as defined below), and grant to the Commission certain remedies, including the sight to purchase the Property, as covenants running with the land and equitable servitudes that benefit the Commission, City, and permitted successors and assigns and burden the Property, the Owner and all of its successors and assigns. The Property was purchased by Owner as afinsert as. dp" plica e very 4o w income; '10 income,, moderate incom household at a below fair market price in accordance with the goals and purposes of the CPL, the Redevelopment Plan, the Commission Inclusionary Policy and the OPA. NOW, THE in order to establish the use, occupancy and resale restrictions of the Property, in accordance with the C L, Redevelopment Plan, the Commission Inclusionar Policy, the OPA, and Grant Deed and to reserve certain reme dies (including the right to Purchase the Property) as covenants running with the land and equitable servitudes that benefit C ommission and City and that burden the Property, the Owner and all of its respective successors and assigns, Owner hereby agrees that the Property shall be Meld, sold and conveyed subject to the following covenants, conditions and restrictions, and option to purchase, all of which shall run with the Property and be binding on all parties having any rights, title or interest in the Pkoperty, its heirs, successors and assigns, and shall inure to the benefit of the Commission and City, and that entering into this Agreement is good and reasonable consideration for the ability to purchase the Property at a below fair market price as described herein. ARTICLE I DEF INITIONS As used in this Agreement, the terms set forth below shall have the following meanings (other defined terns in this Agreement not referenced below shall have the meanings where first used). 1.1 "Affordable Housing Costs shall be a s defined in Health and Safety Code Section 50052.5 or rcuiy successor thereto in effect at the time of purchase of the Property, for persons and families of income whose gross income does not exceed °o cc r+ fog. category i� a.-. r 120%] of Area Median Income adjusted for family size appropriate for the Property. For the purposes hereof, "family size appropriate for the Property shall be two persons for a one- bedroom unit, three persons for a two -bedroom unit, four persons for a three bedroom unit, and five persons for a four- bedroom unit. if the statute is no longer in effect and no successor statute, is enacted, .the Commission shall establish the Affordable Housing Cost for purposes o this Agreement. 1. "Appraisal" shall mean an a setting forth the Market Value of the Property assuming no affordability requirements or other similar restrictions on income requirements, occupancy or resale of the Property, prepared by an appraiser approved by Commission and who is an MAI member of the American Institute of Real Estate Appraisers or a S PA member of the Society of Real Estate Appraisers or, in the case such professional designations are modified or discontinued, the most nearly equivalent successor designations). Ex hibit D 13458010B 2194210039 -2- 1. "AreaMedian Income" shall mean the median household income (adjusted for household size) of the Metropolitan Statistical Area in which Alameda County is located, as established in accordance with Section 50093 of the California Health and Safety Code. 1. "Assumption Agreement" shall jean the Disclosure, Acknowledgment and Assumption Agreement in the form, attached as Exhibit G. 1.5 "Capital Improvements" shall mean any capital improvements or upgrades made by owner to the Property which significantly increases the value of the Property, and which are pre approved in writing by Commission. Commission, prior to an owner commencing work on the Capital Improvements, shall in its sole and absolute discretion determine a whether the improvements qualify as Capital Improvements; b the value of the Capital Improvements which value may be less than the actual cost of the Capital hnpro ements; and c the depreciation value or rate, if any, to be applied to such value. By way of example, upgrading an appliance shall not be a Capital Improvement, brit upgrading all appliances, flooring, countertops and cabinetry in the kitchen could be approved by the Comimsslon as a Capital Improvement under the particular circumstances presented. 1.6 "City" shall mean the City of Alameda. 1.7 "C &Rs shall mean that certain Declaration of Covenants, Conditions, and Restrictions recorded on as Document No. in the official records of Alameda County, as amended from time to time. [Delete .if -if- pp i ble]. 1. "Commission" shall men the Community Improvement Commission of the City of Alameda, or a governmental ental agency or a nonprofit organization to which Commission has assigned any or all of its rights under this Agreement. 1. "Commission Teed of Trust" shall mean the deed of trust executed by Owner in favor of Commission securing owner's obligations under the Commission Note, substantially in the form of Exhibit P. 1.10 "Commission Note" shall mean a promissory note executed by Owner in favor of the Commission in the principal amount equal to the difference between the Market Value of the Property calculated at the time owner acquired the Property and a the Initial Price, in the case of the first owner, or b the Eligible Buyer Purchase Price, in the case of subsequent owners, plus a contingent deferred amount equal to the Commission's Shared Appreciation, substantially in the form of Exhibit E. 1.1-1 "Commission option Pace" shall mean an amount equal to the Eligible Buyer Purchase Price less Repair Costs. 1.1 "Commission's Purchase Option" shall have the meaning given in Section 5. 1, 1.13 "Commission's Shared appreciation" shall have the meaning given in Section 6.3. 1.14 "Eligible Buyer" shall mean those persons and families ineeting the income re uirernents described in Section 1.1. Exhibit 1401u1B 2194210039 -3- 1.15 "Eligible Buyer Purchase Price" shall mean the allowable purchase price to be paid by an Eligible Buyer of the Property as determined under ,section 4.3. 1.16 "Event of Default" shall have the meaning given in Section 8.11. 1.17 "Extraordinary Sale shall mean a Sale conducted under the provisions o Article 6. 1.18 "Extraordinary Sale Price", means the actual gross sales price for the Property under an Extraordinary Sale, pursuant to Section 6 .2. 1.19 "Grant Deed shall mean the grant deed executed by Participant conveying the Property to Owner for the initial Owner, or the grant decd executed by the initial owner or subsequent owners conve in,g the Property to subsequent Owners. 1.20 "Initial Financing'" shall have the meaning given in Section 7 1 (a). 1.21 "Initial Price's shall rnean the initial Purchase price of the Property paid by the Owner, in the case of the initial owner, or the Eligible Buyer Purchase Price, in the case of a subsequent O I.2 "Market Value" shall men the market value of the Property, assuming no affordability or resale restrictions, as determined by an rais .l of the Property obtained from time to time. 1.23 "Maximum Affordable Housing Costs" means the maximum affordable housing cost allowable for a Finsert.!-��a­s':': i r', low !o. .M0 inc �rle household, as determined under California Health and Safety Code Section 50052.5 calculated at the time -of a Permitted Sale. 1.24 "Notice of Intent to Transfer" is described in Section 3 .2 and Exhibit B. 1.25 "Notice of Intent to Sell is described in Section 4. 1 and Exhibit C. 1.26 "Notice of Extraordinary Sale" is described in Section 6.2 and Exhibit D 1.27 Owner shall mean the purchaser of the Property as identified in the Preamble and Recital A, and includes all of Owner's sucecssors and assigns, as permitted under this Agreement. 1.28 "Owner's Gross Proceeds" is equal to the Eligible Buyer Purchase Price paid for the Property. 1.29 owner "s Net Proceeds" means the net amount available to owner pursuant to Section 4.5(d) in case of a Permitted Sale, or Section 6.4(0) in the case of are Extraordinary Sale. 1.30 "Permitted Transfer" shall mean a Transfer described in Section 2.2. 1.31 "Permitted Sale shall rnean a Sale described in Section 2.3. Exhibit D 13 80 1 v I B 21942 9 -4- 1.32 "Prohibited d Transfer" shall mean any Transfer that is not a Permitted Transfer as described in Section 2.4. 1.33 "Prohibited Sale" shall mean any Sale that is not a Permitted Sale or Extraordinary Sale as described in Section 2.4. 1.34 "Property" shall have the meaning given in Recital A. 1.35 "Refinancing" shall have the meaning given in Section 7. l (b). 1.36 "Repair Costs" shall have the meaning given in Section 4.2. 1.37 ""sale," "Sell" or "Sold shall mean a Transfer of the Property for monetary consideration. 1. "Senior Lien" shall have the meaning given in Section '7.1. 1.39 "Senior Lender" shall have the meaning given in Section 7.1. 1.40 "Term" shall have the meaning given in Section 8.17. 1.41 "Transfer shall men any voluntary or involuntary assignment or transfer of ownership of or any interest in the Property, including without lirr'tati n a fee simple interest, tenancy in common, joint tenancy, community property, tenancy by the entireties, life estate or other limited estate or use, rental or tenancy they ;ein. 1.42 "Transferee shall mean the person or persons to whore the Property, is Transferred or Sold. 1.43 "Unit Amenities shall have the meaning given in Section 4.2. .ARTICLE 2 RESTRICTIONS 2.1 Owner Acknowledgments.... and Agreements Owner hereby acknowledges and agrees that taking title to the Property shall constitute Owner's acknowledgment and agreement of the following: A. TIME PROPERTY IS BEING ACQUIRED BY OWNER AT A COST WHICH IS BELOW MARKET RATE FOR SUCH PROPERTY AND THAT SUCH PROPERTY IS SUBJECT TO THE RESALE RESTRICTIONS AND COMMISSION'S PURCHASE SE OPTION CONTAINED IN THIS AGREEMENT GRANTING THE COMMISSION AN-IRREVOCABLE POWER -OF ATTORNEY COUPLED WITH AN INTEREST TO ACT ON TIDE OWNER'S BEHALF TO EXECUTE, ACKNOWLEDGE AND DELIVER ANY AND ALL DOCUMENTS RELATING TO THE COMMISSION'S PURCHASE OPTION. THERE SHALL BE NO SALE OR TRANSFER F THE PROPERTY EXCEPT IN ACCORDANCE R.DA.NC WITH THIS AGREEMENT. ANY SALE OIL OTHER TRANSFER, OF THE PROPERTY IN VIOLATION OF THIS AGREEMENT SHALL BE VOIDABLE BY COMMISSION, Exhibit D 1345 801 vIB 21942/0039 B. OWNED SHA OCCUPY THE PROP AS ITS PRINCIPA IPA RESIDENCE FOR THE DURATION of ITS OWNERSHIP. Upon request by the Commission, each Owner shall subrnit an affidavit to the Commission certifying under penalty of perjury that the Property is the owner's principal residence, and provide Commission with a recent utility bill or other evidence of residency satisfactory to the Commission. if an Owner vacates the Property, or for any reason does not continue to occupy the Property as its principal residence, Commission may declare an Event of Default pursuant to Section 8.11 and exercise any or all of its rights and remedies hereunder, including without hinit do the Commission's Purchase option pursuant to Article 5. C. owner's right to resell the Property at Market et Value is very limited, and that, in certain instances, Commission will have the option to purchase the Property from own r, In order to ensure the Property shall remain available at an Affordable Housing Cost over the Term of this Agreement, owner's right to resell the Property may not be as favorable as the rights of other property owners whose properties are not affected by this Agreement and are not encumbered by similar agreements. D. The Property ill not necessarily appreciate in value during the duration of owner's ownership, and the Eligible Buyer Purchase Price may be less than the Initial Price that owner originally paid for the Property and, thus, when the owner sells the Property it may receive less than it originally paid for the Property. 2.2 Permitted Transfers. Subject to compliance with the procedures described in Article 3, including but not limited to providing required notices to the Commission, the following Transfers of the Property without monetary consideration are "Permitted Transfers": (a) Transfer of title by gift, devise, or inheritance to are Owner's spouse or state registered domestic partner; (b) Transfer of title by devise or inheritance to an owner's natural or adopted children, provided such children qualify as Eligible Buyers; (c) Transfer of title by an Owner's death to a surviving Joint tenant, tenant by entireties, or a surviving spouse of cornrrr pity property; (d) Transfer of title to a spouse or state registered domestic partner as part of divorce or dissolution proceedings; or (e) Transfer; of title or any interest in the Property to the spouse or state registered domestic partner in conjunction with marriage or establishment of a registered domestic partner relationship. 2.3 Permitted Sales. Subject: to compliance with the procedures described in Article and Article 5, including but not limited to providing required notices to the Commission, are Owner may Sell the Property to an Eligible Buyer "Permitted Sale"). If the Commission or the Owner are unable to identify an Eligible Buyer as provided in Article 4, then Commission shall have the option to purchase the Property pursuant to the Commission's Purchase Option described in Article 5. If the Commission or the owner are unable to identify an Eligible Buyer Exhibit T 14011E 21942/0039 -6- and the Commission has naot exercised the Commission's Purchase option, the Owner shall have the right to Sell the Property to a non- Eligible Buyer in accordance with the provisions of Article 6. 2.4 Prohibited Transfers; Prohibited S ales Any Transfer other than a Permitted Transfer is a Prohibited Transfer, A Prohibited Transfer specifically includes any Transfer of a use, rental or leasehold interest in the Property. Any Sale of the Property other than a Permitted Sale, the Commission's Purchase option, or an Extraordinary Sale is a Prohibited Sale. If an Owner attempts or makes a Prohibited Transfer or Prohibited Sale, then In addition to all other rights or remedies Commission may have under this Agreement, Commission shall have the right to exercise the Commission's Purchase option described in' Article 5, which may be exercised against the Transferee or the owner under such Prohibited Transfer or Prohibited Sale. ARTICLE 3 TRANSFER PROCEDURES 3.1 Transfer by Devise or Inheritance if an owner has made a Permitted Transfer (other than by gift) by devise, inheritance or rights of survival under Sections 2. a b or (c), the trustee, executor or new owner shall notify Commission in writing of the change in ownership of the Property within 20 clays of such event giving rise to such Permitted Transfer. Any such Transferee shall be bound by and subject to the provisions of this Agreement and the trustee, executor or new owner shall execute, acknowledge and deliver to the Commission, within such D-day period, an Assumption Agreement in the form of Exhibit G, and the failure to o so shall constitute a default under Section 8.11; provided that such Transferee shall be bound by and subject to the Provisions of this reement notwithstanding its failure to deliver such executed and recordable le Assumption Agreement. 3.2 other Permitted Transfers. If an Owner desires to Transfer the Property by gift wader Section 2.2(a) or by a Perir"tted Transfer* wader Sections 2.2(d) or (e), owner shall provide Commission with a Notice of Intent to Transfer, together with any other documentation Commission may reasonably request in order to erasure that the Transfer is a Permitted Transfer. Upon receipt of a Notice of Intent to Transfer, Commission shall have 45 days after receipt by the Commission of such Notice of Intent to Transfer and other documentation to delivery written notice, to the owner of its approval or disapproval of the Transfer as a Permitted Transfer. The Transfer shall be deemed a Permitted Transfer if Commission falls to disapprove the proposed Transfer within such 45 day period. The owner shall complete the Permitted Transfer, including recordation of all applicable documents, within 60 days after receipt of approval of the Transfer. Any such Transferee shall be bound by and subject to the provisions of this Agreement as an Owner and shall execute, aelc owledge and deliver to the Commission an Assumption .grec n.ent in the form of Exhibit G, and the failure to do so shall CODSfitutc a default under Section 8. 1 t; provided that such Transferee shall be bound by and subject, to the provisions of this Agreement as an owner notwithstanding its failure to deliver such executed and recordable Assumption Agreement. 3.3 Transfer of the Prop erty without Commission's Aj2pmval. If Commission deterr roes that the proposed Transfer* is a_ Prohibited Transfer, the Owner shall not Transfer the Property. Any Transfer of the Property without omission's approval shall be voidable and in such event, in addition to all other rights and remedies Commission may have under this Exhibit D 1345801viB 1942/003 -7- gr ement, Commission shall have the right to exercise Commission's Purchase option pursuant to Article 5, which may he exercised against the Transferee or owner under such Prohibited Transfer. ARTICLE 4 BADE P OCEDURES 4.1 Notice of Permitted Sale. If an owner desires to Sell the Property, the Owner shall provide Commission with a Notice of Intent to Sell. Within 60 days after receipt of the Notice of Intent to Sell, the Commission shall use its reasonable efforts to identify an Eligible Buyer, taping into consideration the requirements of the OPA, the Grant Deed and this Agreement. If Commission identifies an Eligible Buyer, the owner shall Sell the Property to the Eligible Buyer at the Eligible Buyer Purchase Price as determined pursuant to Section 4.3 herein) within 30 days- after identification of the Eligible Buyer. If the Sale to the Eligible Buyer does not occur within said 30-day period, Commission may either extend the period of time for the Sale to occur or may, within 30 days thereafter, identify another Eligible Buyer, in which case all the provisions of this Section 4.1 shall be applicable to such Eligible Beyer, including the provisions of this sentence. If Commission is unable to identify an Eligible Buyer within the applicable time periods set forth above, then the owner shall have the option to identify an Eligible Buyer, subject to Commission's written approval, which approval may tale into consideration the requirements of the OPA, the Grant Deed and this Agreement. If Commission or the Owner) fails to identify an Eligible Buyer within the applicable the periods set forth above, Commission shall have 30 days from the expiration of the final applicable period to exercise Commission's Purchase option under Article 5. 4.2 X s ction; ,Repair Costs Upon receipt of a Notice of Intent to Sell, Commission shall have the right to enter the Property at reasonable times with 24 hours advance notice to inspect the dwelling unit on the Property to determine whether any damage or violations of applicable laws or ordinances exist. Commission shall conduct its inspection within 15 days after receipt of the Notice of Intent to Serf. In the event any damage or violations are discovered, Commission. shall determine the cost of repair; or correction of such condition "Repair Costs"). By way of example, Repair Costs would include the cost of repairing or replacing such things as broken, damaged or worn appliances, fixtures including lights, shelving, bathroom fixtures, cabinets, countertops, tubs and vanities) walls, ceilings and paint and exterior surfaces, window coverings and carpets (collectively "Unit Amenities" due to stains, extreme wear, damage or destrLictio Within 30 clays after the inspection, Commission will prepare a written report describing the Repair Costs. The Owner shall have the option to either i repair or replace the items on such report at Owner's cost prior to closing (without extending the closing date), or (H) at closing cause the escrow holder to pay the repair Costs to Commission. If an Owner elects to repair or replace the items on such report, Commission shall have the right to re- inspect the Property under the terms of this Section 42 after the repairs and /oar replacements are complete. If Commission determines that deficiencies still remain, the Owner shall cause the escrow agent at closing to pay Commission from Owner's Gross Proceeds the Repair Costs in such amounts as Commission determines are necessary to complete the remaining repairs and/or replacements. Commission shall use any repair Costs paid to it to mare the necessary repairs and/or replacements. Exhibit D 13458010B 2194210039 4. ligible Buyer Purchase Price The Purchase Price to be paid by an Eligible Buyer for the Property shall be the total sum of a the Initial Price paid by owner for the Property, s b any increase in the. Affordable Housing Cost that has occurred since the Owner's purchase of the Property, lu the depreciated value of any Capital Improvements approved by the Commission as described in Section 1.5; provided, in no event shall the Eligible Buyer Purchase Price exceed the Maximum Affordable Housing Cost allowable for a [inserta:8 ac h*cab -.;v rY- w, low-0 moderate] income household. The Eligible Buyer Purchase Price shall be established by the Commission in accordance with this Section 4. 3, within 20 days following omission's receipt of a Notice of Intent to Sell delivered pursuant to Section 4.l 4.4 Appraisal; Commission Documents Upon receipt of a Notice of Intent to Sell, Commission shall cause an Appraisal to be completed prior to close of escrow to determine the Market Value of the Property as of the date of such Notice. The cost of such Appraisal shall be paid from owner's Gross Proceeds at close of escrow. At close of escrow, the Eligible Buyer shall deliver or cause to be delivered into escrow; (a) the Commission Mote, fully execrated by the Eligible Buyer in favor of the Commission in substantially the form of Exhibit B hereto. The Commission Note shall be in the principal amount equal to the difference between the then current Market Value of the Property, and the Eligible Buyer Purchase Price being paid for the Property; b) the Commission Deed of Trust securing the Commission Note fully executed by the Eligible Buyer in recordable form, in substantially the form of Exhibit P hereto; (c) the Assumption Agreement, fully executed in recordable form by all appropriate parties, in substantially the form of Exbibit G hereto; and (d) the required down payment and all documents required by the Eligible Buyer's Senior Lender. 4.5 Proceeds from Permitted Sale, owner's Gross Proceeds from a Permitted Sale shall be distributed in the following priority to the extent funds from Owner's Gross Proceeds are available: (a) first, to pay any amounts owed under the owner's Senior Lien; (b) second, to pay the costs of the Appraisal under Section 4.4, and all customary closing costs that a seller would pay in Alameda County and a basic one -year home warranty s_ provided in Section 4.; (c) third, to pay to Commission all Repair Costs if any, and to the extent not already paid) which are owed to the Commission under Section 4.2; and d) fou th, any remaining amounts shall be paid to the owner as the owner's Net Proceeds, 4.6 Personal Prop 1 #ty Any sums paid to Owner by are Eligible Buyer for personal property shall not be part of the Eligible Buyer Purchase Price. No other consideration of any Exhibit D 45 80 2194210039 -9- nature whatsoever shall be paid by an Eligible Buyer to the owner unless fully disclosed to and approved by Commission in advance. 4.7 Real Estate Broker Commission. If Commission identifies the Eligible Buyer, no real estate broker's commission shall be paid to any real estate brayer unless otherwise approved by the Commission. If the Eligible Buyer is identified by owner, as between the owner and the Eligible Buyer, the owner shall have the sole and exclusive obligation to pay any real estate broker's commission from Owner's Net Proceeds regardless of whether the brayer was engaged by the Owner or Eligible Buyer. 4.8 Closing. At closing, the owner shall convey fee title to the Eligible Buyer by standard title company form Grant Deed. The owner shall cause the title company to issue to the Eligible Buyer a CLTA standard coverage owner's form of title insurance policy in the amount of the Eligible Buyer Purchase Price insuring title to the Property is vested in the Eligible Buyer, subject to exclusions from coverage, exceptions for current taxes and assessments not yet due, this Agreement and all documents recorded pursuant to this Agreement and such other matters (other than encumbrances created or suffered by the Omer which were exceptions to title on the elate of this Agreement. The Owner shall pay for a basic one --year home warranty contract issued by a reputable and established company to the Eligible Buyer. The Eligible Buyer shall pay the costs of any longer or more extensive warranty. All other closing costs shall be paid by the owner or the Eligible Buyer pursuant to the custom in Alameda County. ARTICLE COMMISSION'S PURCHASE OPTION 5.1 Purchase option By taking title to the Property, each owner irrevocably grants, to Commission an option to purchase the Property (the "Commission's Purchase option" at the Commission option Price upon the occurrence of any of the following: (a) in the event Commission or owner is unable to identify an. Eligible Buyer pursuant to and within the times set forth in Section 4.1; (b) in the event of any Prohibited Transfer or Prohibited Sale by the owner; (c) in the evert that owner is in default of the occupancy requirement set forth in Section 2.1. B (d) upon occurrence of an Evcnt of Default (as defined in Section 8.11); (e) in the event that escrow falls to close within the ties set forth in Section 4.1 or Section or (f) as reserved to Comrm*ssion under Section 6.1 for the period of time from Owner's Notice of Extraordinary Sale pursuant to Section 6.2 hereof to the elate of written acceptance by Owner of an offer to purchase the Property from an Eligible Buyer; provided, that in the case of (b), (c), d or (e), above, Commission's Purchase option shall be in addition to any other remedy provided in this Agreement for an Event of Default. By taking title to the Property, Owner agrees that Commission's facilitation of the Transfers Exhibit 13010B 21942/0039 _10- contemplated Herby and its acts, commitments and expenditures in furtherance thereof constitute adequate consideration for the grant of the Commission's Purchase option. 5.2 Exercise of option a) Commission ion pursuant to Purchase option within Section 5.4. Sale. If Subsection the 30-day the Cormnission's Purchase option is available to the 5.1(a), then Commission may exercise the Commission's period described in Section 4.1 and in accordance with b Prohibited Transfer, Prohibited Sale Failure to occupy or Event of Default If the Commission's Purchase option is available to the Commission pursuant to Subsection 5.1(b), c), or d above, then Commission may exercise its option in accordance with Section 5.4. (c) Failure to Close Escrow. If the Commission's Purchase option is available to the Commission pursuant to Section 5.1 e or f), then Commission shall exercise its option in accordance with ,Section 5.4. 5. Assignment of Commission's Purchase option After Commission has exercised the Commission's Purchase option, Commission may, without the owner's or Transferee's consent, assign the Commission's purchase option to an Eligible Buyer or to a governmental agency or non- profit organization that agrees to be subject to this Agreement; provided, however, that any such assignnnent shall not extend any time limits contained in this Agreement. 5.4 Procedure Upon Exercise of option Commission shall exercise the Commission's Purchase option by delivering written notice to the owner (and to Transferee, if applicable). Closing of escrow shall occur within I 10 days (plus any time delays caused by the Owner), or such additional time as reasonably determined by the Commission is necessary under the circumstances after the date of Commission's written notice exercising the ommission's Purchase option. 5.5 Failure to Close. If after Commission exercises the Commission Purchase option pursuant to Section 5.1 the Commission fails to close escrow pursuant to Section 5.4, then the Owner may conduct an Extraordinary Sale under Article 6. If after Commission exercises the Conunisslon Purchase option pursuant to Section 5.1 b (c), (d), e or f), the Commission sion fails to close escrow pursuant to Section 5.4, then the Commission shall be deemed to retain all remedies av aii abl e under S ecti on 8. 11. 5. Power of Attorney By taking title to the Property, each owner grafts to Cornirdssion an irrevocable power of attorney coupled with an interest to act on the owner's behalf to execute, acknowledge and deliver any and ail documents relating to the on nission's Purchase option. ARTICLE EXTRAORDINARY DII A BADE 6,1 When Extraordinary Sale Pe mitt If Comm fission or an Owner fails to identify an Eligible Buyer within the trines set forth in Section 4.1 after Commission's receipt of a Notice of Intent to Sell, and: Exhibit D 134580tvIB 2194210039 i Z a) Commission fails to exercise the Commission's Purchase option within the tunes set forth in Sections 4.1 and .2a, or (b) Commission fails to close escrow pursuant to Section 5.4 after exercising the Commission's Purchase option pursuant to Section 4.1 and 5.2(a), then the owner shall have the right to male an Extraordinary Sale in accordance with the procedures set forth in this Article 6; provided, however that Commission shall retain the Commission's Purchase option for the period of time from Owner's Notice of Extraordinary Sale pursuant to Section 6.2 hereof to the date of written acceptance by owner of an offer to purchase the Property from a buyer. In no event shall an Owner have the night to make an Extraordinar Sale in the event of any attempted or actual Prohibited Transfer or Prohibited Sale by the owner or if there is any other Event of Default by the owner under this Agreement. 6.2 Notice of Extraordinary .Sale; Ap ralsal. Each owner; shall notify Commission of the owner's intent to finale an Extraordinary Sale by delivering a Notice of Extraordinary Sale. The Notice of Extraordinary Sale shall contain a request that Commission calculate the current Market Value of the Property based upon an Appraisal, the cost of which shall be paid by owner through escrow. Commission shall provide the owner with a copy of the Appraisal within 10 days after receipt by the Commission. Commission shall use reasonable efforts to obtain the Appraisal within 60 days after receipt of the Notice of Extraordinary Sale. The Owner shall be required to Sell the Property at a price not less than the current Market Value, unless otherwise approved by Commission in writing. All transfer documents relating to the Extraordinary Sale shall be submitted to the Commission for its review and approval as consistent with the terms of this Agreement. The actual gross sales price for the Property under any such sale is the Extraordinary Sale Price.." 6. Commission's Shared Appreciation In the event of an Ex traordinary Sale, the Owner whose Property is the subject of the Extraordinary Sale shall pay to the Commission in addition to the principal amount of the Commission Note, a share of the appreciation (the "Commission's Shared Appreciation" in the value of the Property between the time the Property was acquired by the Owner and the Extraordinary Sale in ace or ante with C allfor ma Civil Code Section 1917.006 and as provided for herein. The appreciation in the value of the Property shall be deterMined based on the difference between the Appraisal prepared at the time the Property was acquired by the Owner, and the Extraordinary Sale Price, The distribution of any appreciation in value of the Property to Commission or Owner shall only be available after payment of all other sums set forth in Section 6. 4 (a through e and shall be shared by the Owner and the Commission in proportion to the amount of initial equity contributed by each party as follows: (a) The Commission's initial equity contribution shall equal the principal amount of the Commission Note (which shall be equal to the difference between the Market Value of the Property at the time of acquisition by the Owner and the Initial Price, in the case of the original Owner, or the applicable Eligible Buyer Purchase Price, in the case of a subsequent owner). (b) The Owner's initial equity contribution shall be equal to the amount of the do n- pa inent paid by the Owner at the time Owner acquired the Property plus any escrow fees, Exhibit 13458010B 21 94210039 1- transfer taxes, recording fees, brokerage commissions and similar costs of acquisition actually paid by the owner for the acquisition of the Property, as substantiated by the owner pursuant to Section 6.7 hereof. Example If, i at the time an owner acquired the Property, the owner paid a down- payment equal to $18,000 and, escrow fees, transfer taxes, recording fees, brokerage commissions and similar costs of acquisition actually paid by owner equal to $2,000, resulting in total owner equity amount of $20,000, and ii) the Commission Note for such t ransaction reflected a principal amount of $80,000, then (Iii) after payment of all other sums set forth in Section 6.4 (a) through (d), the owner would receive 20 of any remaining appreciation value, and the Commission would receive 0% of any remaining appreciation value at the time of an Extraordinary Sale.] c) The Commission's Shared Appreciation shall be included in th e Commission N ote as a contingent deferred amount payable to Commission in the event of an Extraordinary Sale. d) The amount of Cornrfflssion's Shared Appreciation collected by Commission sbali be deposited into the Commission's Low and Moderate Income Housing Fund established pursuant to Section 33334.3 of the CRL and used by Commission to assist in the provision of housing that is affordable to persons and families of low and moderate income in accordance w Civil Code Section 1917. 6. Distribution of Proceeds. The Extraordinary Sale Price shall be distributed in the following priority to the extent Binds are available: a) first, to pay any amounts owed under the selling owner's Senior Dien; b) second, subject to the provisions of Section 6 below, to pay all customary closing costs, Appr� sal costs, and escrow fees that are the responsibility of the selling owner; c) third, to pay to Comim all amounts owing under the C ommission Dote and Commission Deed of Trust, i ncluding th e initial p rinc ipal amount and an y other amounts owe pursuant to the Commission Mote, except the Comirrission's Shared Appreciation; d) fourth, subject to the provisions of Section 6,7 below, to pay the selling Owner the following: i. mount of down payment paid by owner at the time Owner acqu ired the Property; ii. amount of installment payments of mortgage principal prepaid on Owner's Senior Lien by owner prior to the Extraordinary Sale; iii. amount of escrow fees, transfer; taxes, recording fees, brokerage commissions and similar costs of acquisition actually paid by Owner; iv. amount of money paid by owner for Capital Improvements to the Property; and Exhibit D 14011E 21942/0039 1 V amount equal to the "legal rate of interest's as defined in the Commission Tote) on cash payments by Owner as identified in 1 through i above. (e fifth, to pay any remaining balance pro-rata on the basis of per nta determined in accordance with Sections 6. 3 (a and b), to the Commission for the amounts owing under the Commission Note for the Commission's Shared Appreciation and to the selling Owner, as the owner's Net Proceeds. 6. Time Requirements for Extraordinary Sale Each owner shall complete an Extraordinary Sale within 120 days after receipt of the Appraisal under Section 6.2. If the Extraordinary Sale is not completed within such time, and owner is not bound by written contract with a buyer to Sell the property, the Commission may either i designate an Eligible Buyer for the property pursuant to Section 4. 1, in which case the provisions of Article 4 shall apply in lieu of the provisions of this Article 6, or ii exercise the Commission's Purchase Option under Section 5. 1, in which case the provisions of Article 5 shall apply in lieu of the provisions of this Article 6. 6.6 Effect of trio r i dry Sal Upon the close of escrow for an Extraordinary Sale in compliance. with the provisions of this Article 6, the purchaser at the Extraordinary Sale shall acquire title to the Property free and clear of the provisions of this Agreement, including the Commission's Purchase option. pursuant to Section 8.13 and in accordance with this Section 6.6, Commission agrees to execute, acknowledge and record a release or other documentation sufficient to release the Property sold at an Extraordinary Sale from the provisions of this Agreement, including the Commission's purchase option. 6.7 Owners Burden to Substantiate Costs; Extraordinary Sale; Foreclosure Prior to the close of escrow in the event of an Extraordinary Sale, selling owner shall submit evidence to the .reasonable satisfaction of the Commission not less than 30 days prier to the first scheduled slate for the dose of escrow to allow the Commission to verify the evidence provided by owner of the Owner's initial equity as set forth in Section 63(b) and Owner's costs as set forth in Section 6.4(b) and (d). To the extent such evidence is not submitted by owner to the reasonable satisfaction of Commission at least 30 days prior to the first scheduled date for the close of escrow, such costs shall be deemed waived by the Owner and owner shall not be entitled to have such costs, as appllcablen included its part of owner's initial equity under Section 63(b) or to receive payment of the sums set forth in Section 64(b) and (d). Commission aelmo ledges that such evidence may include, by way of example and not limitation, Owner's original closing statement, harm statements, copies of cancelled checks, and invoices from contractors, shall be considered reasonable evidence of Owner's initial equity as set forth in Section 6.3(b). In the event of a foreclosure sale, this Section 6. 7 shall operate to require the same e obligations of Owner as in an Extraordinary Sale and all refere .ees to the "close of escrow" shall be replaced b "foreclosure sale," Exhibit D 13458010B 2194210039 -14- ARTICLE '7 LENDER PROVISIONS S 7.1 Senior Liens. Mortgages, deeds of trust, sales and leases -back or any other form of conveyance required for any reasonable method of financing (subject to Section 7.2, the "Senior Lien") are permitted, but only as follows: (a) for the sole purpose of securing a purchase money loan of funds to be used by an Owner for financing the acquisition of the Property by the Owner "Initial Financing"), provided such Initial Financing shall be obtained through a bank, savings and loan association, insurance company, pension fund, publicly traded real estate investment trust, governmental agency, or charitable organization engaged in making residential real estate loans ("Senior Lender or (b) for the sole purpose of refinancing an owner's Initial Financing "Refinancing", provided such Refinancing shall be limited solely to. the outstanding principal -balance owed under the Owner's Initial Financing, and shall not include any additional amounts, such as fees or costs associated with such Refinancing or additional funds disbursed to the Owner and refinancing shall not include secondary financing such as subordinate deeds of trust or home equity loans, 7.2 Subordination. Pursuant to California Health Safety Code Section 33334.14, Commission may enter into a subordination agreement with a Senior Lender to subordinate the provisions of this Agreement and its lien under the Commission Note and Commission Deed of Trust to the Senior Lien if Commission is able to male a finding, based on substantial evidence, that an economically feasible alternative method of financing or refinancing on substantially comparable terms but without subordination is not reasonably available. There shall he no subordination of this Agreement unless Commission eaters into a subordination agreement with a Senior Lender to subordinate the provisions of this Agreement and its lien under the Commission Note and Commission Deed of Trust to the Senior Lien provided that Owner and the Senior Lender shall agree to the Default and Foreclosure provisions set fob in Section 7. 3, below, or other alternative provisions acceptable to the Commission in its sole discretion. 7.3 Default and Foreclosure. (a) C shall record a request for notice of default and any notice of sale under any deed of trust or mortgage with a power of sale encumbering the Property pursuant to California Civil Code Section 2924b. Whether or not a request for a notice of default is recorded, the Owner shall provide a true and correct copy of any notice of default to Commission itbin three, business days of the Owner's receipt thereof. (b) In the event of default and foreclosure, Commission shall have the sane right as the owner to cure any defaults, reinstate the loan (not less than a specified number of tinges to be set forth in the subordination agreement between the Commission and the Senior Lender or redeem the Property prior; to foreclosure sale or the acceptance of a deed in lieu of foreclosure by the Senior Lender, Such redemption shall be subject to the same fees, charges and penalties that could otherwise be assessed against the owner. Nothing herein shall be construed as creating any obligation on the part of Commission to cure any such default, nor shall this right to cure and Exhibit D 1345801v1B 2194 2/003 9 1- redeem operate to extend any time limitations in the default provisions of the underlying deed of trust or mortgage. (c) if the trustee set forth in Senior Lender's deed of trust sells the Property at foreclosure sale the proceeds shall be delivered in the following priority to the extent funds are available: (1) first, to pay all suns due and owing under the Senior Lien, including ithout limitation the principal aurnount, interest, fees and costs of sale; (1i) second, to pay to Commission all amounts owing under the Commission Note and Commission feed of Trust, including the initial principal amount and any other amounts owed pursuant to the Commission Note, except the Commission's Shared Appreciation; (111) third, subject to the provisions of Section. 6.7, to pay the Owner the following: 1. amount of down payment paid by Owner at the time owner acquired the Property; 2. amount of installment payments of mortgage principal repaid on Owner's Senior Lien by owner prior to the foreclosure sale; 3. amount of escrow fees, transfer taxes, recording fees, brokerage commissions and similar costs of acquisition actually paid b Owner; 4. amount of money paid by owner for Capital Improvements to the Property; and 5. aniount equal to the "legal rate of interest" as defined in the Commission tote on cash payments by owner as identified in 1 through above. (iv) fourth, to pay any remaining balance pro --rata in the percentages determined in accordance with Sections 6.3 (a) and (b), to the Commission for the amounts owing under the Commission bete for the Commission's Shared ppreclatlon, and to the owner or the person or persons legally entitled thereto, as required by law. d) If this Agreement is subordinated to the Senior Lender under Section 7.2, them except as otherwise expressly provided in the subordination agreement, this Agreement shall remain in full force and effect upon completion of any such foreclosure or acceptance of any deed in lieu of foreclosure by Senior Lender, and any party acquiring title to the Property through a trustee's sale, judicial foreclosure sale or deed in lieu of foreclosure shall receive title subject to the provisions of this Agreement including the Commission's Purchase Option. Exhibit D 1345801vlB 21942/0039 -16- (e) By taping a loan from a Senior Lender, each owner represents that it has provided Senior Lender the necessary consent and authorization to provide Commission with a monthly report of the payment status of Owner and all other financial information concerning owner to Commission. In addition, each Senior Lender is hereby authorized by each owner to furnish a monthly report of the payment status of Owner and all other financial information concerning the Owner to Commission. (f) Except as otherwise expressly provided in a Commission- approved subordination agreement, by making a loan to owner, Senior Lender grants to Commission the option to purchase the Senior Dien from Senior Lender at any time after the filing of a notice of default under the Senior Lien but prior to consummation of the foreclosure or the giving of a deed -in- lien of foreclosure. Pursuant to this subsection, Commission may purchase the Senior Lien from Senior Lender for an amount equal to the entire indebtedness secured by the Senior Lender's deed of trust. Commission may exercise this option by giving Senior Lender~ written notice of its intent to do so A) with respect to a foreclosure, at any time prior to the filing of a notice of sale under the Senior Lien, and B) with respect to a deed -in -lieu of foreclosure, within ten 10 days after receiving written notice from Senior Lender of its intent to accept a deed-in-lieu of foreclosure with respect to the Property. Upon receipt of such written notice from the Commission, Senior Lender shall promptly give Commission a written statement setting forth the amount of the total indebtedness secured by the Senior Lender deed of trust, which shall be the purchase price for the Senior Lien, and a copy of the policy of title insurance insuring the priority and validity of the Senior Lender deed of trust. within ten 1 days after Commission gives such written notice, Commission shall establish an escrow at such title company and concurrently therewith give Senior Fender written notice thereof, and Commission shall deposit the purchase pace in such escrow. within fifteen 1) days after Senior Lender's receipt of notice of the opening of the escrow, Senior Lender shall deposit in the escrow the promissory note evidencing the Senior Lien endorsed in favor of Commission, the original of the Senior Lender deed of tryst, an assignment of the Senior Lender deed of trust duly executed by Senior Lender and in recordable form and all other documents, instruments, agreements, certificates and other items that evidence, secure or otherwise relate to the Senior Lien. The escrow holder shall be instructed to close the escrow within two 2) business days after receipt of all such items and upon such close of escrow to issue to Commission a CLTA Form No. 104.1 endorsement to the title Policy, showing Commission as Senior Lender's assignee with respect to the Senior Lender deed of trust, Senior Lender and Commission shall execute and deliver escrow instructions and such other documents as may be necessary or appropriate in connection with such escrow and to implement the intent hereof. Commission shall pay the escrow fees (irrespective of whether the escrow closes), recording fees and the premium for the CLTA Form Igo. 104.1 endorsement. ARTICLE MISCELLANEOUS 8.1 Io tion Assignment Liability. In no event shall Commission in any way become liable to owner nor become obligated in any manner to any other Party by reason of the assignment of the Comirdssion's Purchase Option, nor shall Commission in any way be obligated or liable to any Owner for any failure of Commission to purchase the Property or to comply with the terms of the Commission's Purchasc Option. Exhibit D 148011E 2942/0039 17 8,2 Distribution of Insurance and Condemnation Proceeds. If the property is condemned or the improvements damaged or destroyed, all proceeds f rom insurance or condemnation shall be distributed in accordance with the CC& s or, if not covered by the CC& 's, to Owner or its successors or assigns, for purp of restoring or replacing the Property, unless the Senior Lender deed of trust or, if not covered by the Senior Lender Deed of Trust, the Commission Deed of "gust provides otherwise, in which case the Senior Lender Deed of Trust of if not covered by the S enior Lender Deed o f T rust, the Commission Deed of Trust shall control. 8 .3 Maintenance and Use. Each owner shall maintain the Property, including all structures an landscaping �ai nd clean Co itron" r.t accordance with .the :CC& s'",` if applicable]. Each Owner shall maintain the interior of the single family dwelling unit on the Property in a clean condition and all appliances and fixtures in good working order. The Property shall be used and occupied by each owner solely for residential purposes, and in addition to the residential purpose may also be used for any accessory uses that comply with the provisions of the City's Zoning ordinance, s it may be amended from time to time, and the provisions of the Grant Deed, the OPA [Insert if c l i le: and th ,..,C No owner shall grant use of, rent or lease all or any part of the Property, but shall occupy the Property as its principal residence as provided in Article 2. 8.4 Default Remedies. In addition to any other rights or remedies set forth in this Agreement or allowed by law or equity, in the event of a default by an owner of any of the Owner's obligations under this Agreement, Commission may apply to a court of competent jurisdiction for specific performance of this Agreement, for an injunction prohibiting a proposed Sale or Transfer in violation of this Agreement or for enforcing the Commission Purchase Option, or for any such other relief as may be appropriate (including, but not limited t o, monetary damages), 8 5 Attorneys' Fees and Costs If any action is brought to enforce the terms of this Agreement, the prevailing party shall be entitled to reasonable attorneys' fees and costs, C ontrolling reement Owner covenants that it has not executed, and will not execute without the Commission's prior written approval, an other agreement with provisions contradictory to or in opposition to the provisions of this Ag reement. 8.7 Se erabilil If any one or more of the provisions contained in this Agreement for any reason shall be held to be invalid, illegal or unenforceable in any respect, then such provision or provisions shall be deemed severable from the remaining provisions contained in this Agreement, and this Agreement shall be construed as if such invalid, illegal or unenf provisions had never been contained herein. 8 .8 Time of the Essence. Time is o the essence of this entire Agreement. Whenever the time for performance falls on a day which is not a business clay, such time for performance shall be extended to the next business day. 8 .9 Notices. All notices, demands, requests for approval and other communication provided for in this Agreement shall be in writing and shall be deemed received if sent to the addresses set forth below a on the date of delivery when personally delivered, b one business Exhibit D 1345 1 Y I B 21942!0039 -18 day after deposit with a reputable overnight courier or deliver earvice with all deliver charges paid; or c date of receipt by party if deposited in the United States first class mail, postage prepaid, registered or certified, return receipt requested. Any party may change its address b notice delivered in the manner specified above. If to Commission: Community Improvement Commission of the City of Alameda c/o Housing Authority 701 Atlantic Avenue Al CA 94501 Attention: Executive Director If to owner; At the Property address of the owner 8.10 Covenants running with the Land Pursuant to Health Safety Code Section 33334.3 and 33336, all provisions of this Agreement, including the benefits and burdens, are equitable servitudes, run with the land and are binding upon the heirs, successors, assigns and personal representatives of the owner hereto and inure to the benefit of Commission and its permitted successors and assigns, The covenants benefit and bind Commission, the Property, and all owners and successor owners thereto. Each and every contract, deed or other instrument covering, conveying or otherwise transferring the Property or any interest therein shall conclusively be held to have been executed, delivered and accepted subject to this Agreement regardless of whether the other party or Parties have actual knowledge of this Agreement. 8,11 Default If an owner defaults in the performance or observance of any covenant, agreement or obligation of owner set forth in this Agreement, and if such default remains uncured for a Period of 30 days after written notice has been given by the Commission or if such cure reasonably takes longer than 30 days, if such cure has not been commenced within the 30-- day period and thereafter diligently prosecuted to completion), or in the event -an owner has provided false information or documentation required in connection with the purchase or sale of the Property, then the Commission may declare an "Event of Default" has occurred, and Comrm'ssion may exercise any or all of its rights or remedies under this Agreement, including without limitation any or all of the following: a by n r suit, action or proceeding at law or in equity, require the owner to perform its obligations and covenants un der this Agreement or enjoin any unlawful acts; b) by taping such other action at law or in equity as may appear necessary or desirable to enforce the owner's obligations, covenants and a.grec eats; or c) by exercising the C ommission's Purchase option pursuant to Article 5. 8.12 Construction. The rule of strict construction does not apply to this Agreement. This Agreement shall be given a Treasonable construction t o create a valid and enforceable C ommission Purchase option and to prevent any Prohibited Transfer or Prohibited Sale or an use of the Property in violation of this Agreement. whenever the context and construction so requires, all words used in the singular shall be deemed to be used in the plural, all masculine shall include the feminine and neuter, and vice versa. Exhibit D 1345801vlB 2194210039 19 8.13 ermination of.Agreement This Agreement shall terminate as to the Property either a as a result of foreclosure through a trustee's sale, a ,judicial foreclosure sale or deed in lieu of foreclosure, orb an Extraordinary Sale pursuant to Section 6.5. Upon termination of this Agreement, on request of the then record owner of the Property, Commission shall execute, acknowledge and record a termination of this Agreement. To the extent permitted by lair, any unfulfilled obligations of any owner shall survive the termination of this Agreement but this Agreement shall no longer affect title to the Property, 8.14 Indemnification. Each Owner agrees to indemnify and hold harmless Commission. and its respective officers, directors, employees and agents from and against all liabilities, losses, claims, damages, judgments, costs and expenses (including, without limitation, reasonable attorney's fees) incurred by Commission arising out of or relating to any action by the Owner. Each Owner agrees that if any claims, demands, suits or other legal proceedings are i made or instituted by any person against Commission which arise out of any of the matters relating to this Agreement, the owner shall cooperate fully with Commission in the defense or other disposition. 8.15 Entire Agreement- and Modifications. This Agreement, together with the exhibits attached hereto, represents the entire agreement between the parties with respect to the subject matter set forth herein and replaces and supersedes any and all prior or contemporaneous oral or written agreements, subject to Section 8.16. This Agreement may be modified only in a writing duly signed by the affected owner or Owners and an authorized agent of Commission. The modifications shall be effective when recorded in the official Records of A.laineda County, California. 8.16 Modification of Covenants. Each owner hereby agrees as follows: (a) To the extent any amendments to the California Community Redevelopment elopment Law (Health Safety Code Sections 33000 et seq.) retroactively impose requirements upon the ownership or operation of the property more restrictive than those imposed by this Agreement, and if such. requirements are applicable to the Property, this Agreement shall be deemed to be automatically amended to impose such additional or more restrictive requirements. (b) To the extent any amendments to the California Community Redevelopment Lair impose requirements upon the ownership or operation of the property less restrictive than those imposed by this Agreement, this Agreement may be amended or modified to impose such less restrictive requirements by Commission, at its sole discretion. c) Each Owner and Commission shall execute, deliver and, if applicable, record any and all documents and instruments necessary to effectuate .the intent of this Section 8.16, and each owner hereby appoints the Commission as its true and lawful attorney -in -fact to execute, deliver and, if applicable, record on behalf of the Owner and Commission, as applicable, any such document or instrument in such form as may be zripproved in writing by the Commission if the owner defaults in the performance of its obligations under this subsection c. 8.17 Term This Agreement shall become effective upon its execution and delivery and unless sooner terminated in accordance with Section 8.13, shall remain in full force and effect for fifty -nine years from the date of recordation of this Agreement. Exhibit D 1345 801 v 1 B 21942/0039 -20- 8.18 No Discrimination. Notwithstanding ithstanding the following, owner acknowledges under this Agreement that it is expressly prohibited from leasing the Property and is required to occupy the Property as its principal residence at all tunes: Owner covenants, by and for itself and any successors in interest,, that there shall be no discrimination against or segregation of any person or group of persons on account of any basis listed in subdivision a or d of Section 12955 of the Government Code, as those bases are defined in Sections 12926, 1 292'6.1, subdivision rn and paragraph 1 of subdivision p of Section 12955, and Section 12955,2 of the Government Code, in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the Property, nor shall Participant, itself or any person claiming under or through it, establish or permit any such practice or practices of discrimination or segregation with preference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, subleases or vendees in the Property. All deeds, leases or contracts thereOD or any part thereof, shall contain nondiscrimination and nonsegregation clauses: made relative to the Property, the is pro el ent or be subject to substantially the following (a) In deeds: 1. "The grantee herein covenants, by and for himself or herself, his or her heirs, executors, administrators, and assigns, and all persons claiming under or through them, that there shall be no discrimination against or segregation of any person or group of persons on any basis listed in subdivision a or d of Section 12955 of the Government Code, as those bases are defined in Sections 12926, 12926.1, subdivision m and paragraph. 1 of subdivision p of Section 12955, and Section 12955.2 of the Government Code, in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the land herein conveyed, nor shall the grantee, himself or herself or any person claiming under or through him or her, establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, subleases or vendees in the land herein conveyed. The foregoing covenants shall run with the land." 2. Notwithstanding paragraph 1,, with respect to familial status, paragraph 1. shall not be construed to apply to housing for older persons, as defined in Section 12955.9 of the Government Code. With respect to familial status, nothing in paragraph 1. shall be construed to affect Section 5 1 .2, 51.3, 51.4, 51.10, 51.11 and 799.5 of the Civil Code relating to housing for senior citizens. Subdivision d of Section 51 and Section 1360 of the Civil Code and subdivision (n), (o), and p of Section 12955 of the Government Code shall apply to paragraph 1. Exhibit D l 4 s01 i B 21942/003 -21- (b). In leases: "The lessee herein covenants, by and for himself or herself", his or her heirs, executors, admirdstrators and assigns, and all persons claiming under or through him or her, and this lease is made and accepted upon and subject to the following conditions-. 1. That there shall be no discrimination against or segregation of any person or group of persons on account of any basis listed in subdivision a or of Section 12955 of the Government Code, as those bases are defined in Sections 12926, 12926.1, subdivision (m) and paragraph 1 of subdivision p of Section 12955, and Section 12955.2 of the Government Code, in the leasing, subleasing, transferring, use, occupancy, tenure or enjoyment of the land herein leased, nor shall the lessee, himself or herself or any person claiming under or through. hire or her, establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subleases, subtenants or vendee in the land herein leased," 2. Notwithstanding paragraph 1., with respect to familial status, paragraph 1. shall not be construed to apply to housing for older persons, as defined in Section 12955.9 of the Government Code. With respect to familial status, nothing in. paragraph 1. shall be construed to affect Sections 51.2, 51. 3, 51.4, 51.10 51.11 and 799.5 of the Civil Code, relating to housing for senior citizens. Subdivisions d of Section 51 and Section 1360 of the Civil Code and subdivision n, o, and p of Section 12955 of the ovemment Code shall apply to paragraph 1. 0% In contracts: "'There shall be no discrimination against or segregation of any person or group of persons on any basis listed in subdivision a or d of Section 12955 of the Government Code, as those bases are defined in Sections 12926, 12926.1, subdivision m and paragraph l of subdivision p of Section 12955, and Section 12955.2 of the Government Code, in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the land, nor shall the transferee, himself or herself or any person claiming under or through hire or her, establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subleases, subtenants or vendees in the land." The contract shall further specify that the foregoing provisions shall be binding on the contracting party or parties, any subcontracting party or parties or other transferees under the instrument. 8.1-9 CoMpliance Monit Owner acknowledges and agrees that Commission is obligated to monitor compliance with this Agreement on an annual basis. owner agrees to cooperate with Commission's annual monitoring requirements by supplying true, correct and complete annual owner information as required by Commission's Affordable Housing Ownership Program Qualified Household Annual Update Questionnaire. Exhibit r 1 345801 v 1 B 21942YO03 9 -22- 8. 20 Exhibits. The following exhibits are attached to this Agreement and incorporated herein by this reference: Exhibit A: Property eseription Exhibit Notice of Intent to Transfer Exhibit C: Notice of Intent to Sell Exhibit I: Notice Extraordinary S aIe Exhibit E: Commission Dote Exhibit F: Commission Deed of Trust Exhibit Disclosure, Aer owled ment and Assumption. Agreement IN WITNESS THEREOF, the parties have executed this Agreement as of the year and date first written above. COMMISSION: COMMUNITY IMPROVEMENT COMMISSION of THE CITY OF ALAI EI A, a public body corporate and politic Lo Executive e Director [Signawre must be notarized OWNER(S): [Sign ature m asst be notarized] [Sig attere must be notarized] Exhibit 1345801v113 21942/0039 1 -0 5 4 24 L1 1 1- #1 Property Description Exhibit A to Exhibit D 1 4 S01v.[B 2194210039 EXHIBIT NOTICE of INTENT To TRANSFER Date To: Community Improvement Commission of the City of Alameda c/o Housing Authority 701 Atlantic Avenue Alameda, CA 94501 Attention: Executive Director The undersigned owner of that certain real property located in larneda, California, commonly known as tins address] (trio "Unit hereby notifies you of its intent to Transfer in compliance with Section 3. 2 of the Affordability, Restrictions on Resale and option to Purchase Agreement (the Age' ]C7C1ent f The reason or circumstances relating to such transfer are as follows: Any additional information regarding the proposed transferee shall be provided to you immediately upon request. The undersigned acknowledges that all applicable time periods under the Agreement commence only upon omimisslonts receipt of this notice. The undersigned ed further acknowledges and agrees that any such transfer shall be subject to the provisions of the Agreement. Owner Exhibit B to Exhibit; D 1 345 801 v I B 1942/0039 EXHIBIT C NOTICE of INTENT T 1 SELL Date To: Community Improvement Commission of the City of Alameda o Housing Authority 701 Atlantic Avenue Alameda, CA 94501 Attention: Executive Director The undersigned owner of that certain real property located in Alameda, California, commonly known as [insert address] the "Unit hereby notifies you of its intent to Sell the Unit in compliance with Section 4.1 of the Affordability, Restrictions on Resale and Option to Purchase Agreement (the "Agreement"). The undersigned acknowledges that all applicable time periods under the Agreement commence only upon Commission's receipt of this notice. Owner Exhibit C to Exhibit 1345 01 v I B 21942!0039 EXHIBIT NOTICE EXTRAORDINARY SALE Date; To: Community Improvement Commission of the City of Alameda c/o Mousing Authority 701 Atlantic Avenue Alameda, CA 94501 Attention; Executive Director The undersigned "owner" is the owner of that certain real property located in Alameda, California, commonly known as [insert address ("Unit"). On 20_} owner provided Commission with written notice of its intent to sell the Unit. Commission has failed to identify an Eligible Buyer in accordance with Section 4.1 of the Affordability, Restrictions on Resale and option to Purchase Agreement "Agrer,ment") and the Commission has failed to exercise the Commission's Purchase option pursuant to Article 5, or failed to close escrow within the time set forth in Section 5. 4 of the Agreement. Accordingly, Owner hereby notifies Commission of its intent to make an Extraordinary Sale of the Unit in accordance with Section 6. 2 of the Agreement. owner hereby requests that Commission calculate the Market Value of the Unit based on an Appraisal in accordance with Article 6 of the Agreement, Owner hereby acknowledges that Commission shall retain Commission's Purchase Option until the time that Owner has accepted in writing an offer to purchase the Unit from a buyer, and that all applicable time periods for an Extraordinary Sale under the Agreement commence only upon Commission's receipt of this Notice. Owner Exhibit D to Exhibit D 145011B 21942/0039 EXHIBIT Principal Amount: o Alameda, California FOR VALUE RECEIVED, ("Maker" promises to pay the COMMUNITY H\4PROVEI ENT COMMISSION of THE CITY OF ALAME A ("Commission") the principal sung of DOLLARS Principal Amount"), plus a contingent deferred amount equal to the Commission's Shared Appreciation as calculated and payable under Section 6, below, any additional amounts due and oaring pursuant to Sections 8 and 10, below, any additional amounts due and owing pursuant to the Deed of Trust (as defined below), and any additional amounts due and owing as permitted by lair. 1. UNIT. The "Unit" is that certain real property commonly known n as insert addres Alameda, California, and more particularly described on Exhibit A., attached hereto and incorporated herein, which together with all improv nl nts located thereon. is referred to in this promissory note "Note") as the "Unit." The Unit is part of a residential development known as [in.sert project, nam6j .11 ['Project"). 2. AFFORDABILITY COVENANTS, RESALE RESTRICTIONS The Unit, along with certain other residential lots in the Project, is part of an affordable housing program designed to create, preserve, maintain and protect housing for persons of low and moderate income as described in and pursuant to an owner Participation 'Agreement between the Commission and ("Participant") dated "oP Under the PA, the Commission provided Participant with certain financial assistance ("Commission Assistance necessary to make it economically feasible for Participant to sell the Property to Haber at-an Afford-able Housing Cost, as defined below, subject to the covenants, conditions, restrictions and option to purchase set forth herein, haler assumes title to the Unit subject to that certa.in Affordability, Retractions on Resale and option to Purchase Agreement, recorded on 0 as Document Igo, 1) in the official Records of Alameda County, California ("Resale Restrictions"). Capitalized terms used herein and not defined in this tote shall have the meanings set forth in the Resale Restrictions. 3. COMMISSION'S CONTRIBUTION. Based on an appraisal of the Unit, the Maker and Commission agree that the fair market et value of the Unit at the time the Unit is acquired by Maker is DOLLARS the "Market rket Value "f Maker purchased the Unit at a below fair market et value affordable price in the amount of DOLLARS (the "Initial Price"). The difference between the Market Value and the Initial Price, equal to DOLLARS represents the amount by which the purchase price of the Unit has been reduced as a result of the Commission's cash investment in the Project, including the Unit, and wbic amount is reflected above in the Principal Amount of this Note. FORM OF COMMISSION NOT (Shared Appreciation Loan) Exhibit E to Exhibit I l 345801 v l B 1 942/003 4. DEED of TRUST, Payment of this Note is secured by a deed of trust, assignment of rents, security agreement and fixture filing (the "Deed of Trusty) from Maker er ire favor of Commission, which Decd of Trust is dated concurrently herewith and recorded against the Emit. REPAYMENT of NOTE. There shall be no payments due under this Note, unless payments are otherwise duo pursuant to provisions of Sections c and of this Dote. All amounts due under this Note shall be assumed, repaid and/or cancelled, as follows: a. In the event of a Permitted Transfer pursuant to Section 2.2 and Article of the Resale restrictions, the Transferee shall assume the rights and obligations of Maker under this Note and the Deed of Trust securing this rote. b. In the evert of a Permitted Sale to are Eligible Buyer pursuant to Section 2.3 and Article 4 of the Resale Restrictions, or upon acquisition of the Unit by the Comrm*ssion pursuant to the Commission's Purchase option provided in Section 2.3 and Article 5 of the Resale Restrictions, tlien this Note, and all amounts due and owing to the Coin fission hereunder, shall be. cancelled. In such event, the Commission shall execute and deliver for the benefit of Maker any documents necessary to effectuate such cancellation and release of the lien under this Dote and the Deed of gust. C. In the event of an Extraordinary Sale to a non Eligible Buyer pursuant to and in compliance with the requirements of Section 2.3 and Article 6 of the Resale Restrictions, Maker er shall pay to the Commission, through escrow and from the proceeds of such sale, all amounts owing under this Note and Deed of Trust, including the initial Principal Amount of this Note and any other amounts owed pursuant to this rote, except for the contingent deferred amount of the Commission's Shared Appreciation which shall be paid to the Commission in accordance with Section 6 of this rote and Section 6.4 of the Resale Restrictions. Upon receipt of such payments, the Commission shall execute and deliver any documents necessary to ef=fectuate such cancellation and release of the lien under this Note and the Deed of Trust. d. In the event of a default by Maker under this Dote or under the Deed of Trust, all amounts owing under this Note and Deed of Trust, including the initial Principal Amount and any other amounts owed pursuant to this Note, except for the contingent deferred amount of the Commission's sion's Shared Appreciation, shall be due and payable in full, at Commission's option, without notice or- demand. The Commission's Shared Appreciation shall be due and payable to the Commission in accordance with Section 6 of this Dote and Section 6. 4 of the resale Restrictions. If Maker defaults in the performance or observance of any agreement or obligation of Maker set forth in this Mote or the heed of Trust, and if such default remains uncured for a period of 30 days after written notice has been given by the Commission or if such cure reasonably tales longer than 30 days, if such cure has not been commenced within the 3 period and thereafter diligently prosecuted to completion), then the Commission may declare an "Event of Default" has occurred, and Commission may exercise any or all of its rights or remedies under; this Note and the Deed of Trust. 1345 80 1 v 1B 21942/0039 6. COMMISSION'S SHARED APPRECIATION. In the event of an Extraordinary Sale pursuant to and in compliance with the requirements of Section 2.3 and Article 6 of the Resale Restrictions or in the event of a default by Maker under this Note or under the Deed of Trust, Commission n shall receive, and Owner shall to pay to Commission in addition to the unpaid Principal Amount of this Note, a share of the appreciation "Commission's Shared Appreciation" in the value of the Unit between the time the Unit was acquired by Maker and the Extraordinary Sale in accordance with Califomia Civil Code Section 1917,006 and as provided for herein. The distribution of any appreciation-in the value of the Unit to Commission shall be determined based on the difference between the Appraisal prepared at the time the Unit was acquired by Maker, and the Extraordinary Sale Price. The distribution of any appreciation in value shall be shared by Maker and the Commission in proportion to the amount of initial equity contributed by each party as follows. a. The Commission's initial equity contribution shall equal the Principal Amount Of this Dote (which, in accordance with Section 3 of this Dote, shall be equal to the difference between the Market Value at the time of acquisition by Maker and the Initial Price). K Maker's initial equity contribution shall be equal to the aggregate amount nt o the following; L amount of the down payment paid by Maker at the time faker acquired the Unit; and ii. escrow fees, transfer taxes, es, recording fees, brokerage commissions and similar costs of acquisition actually paid by Maker. FExample of Maker's initial equity If, i at the time Maker acquired the Unit, the Maker paid a down payment equal to $18,000 arid, escrow Fees, transfer taxes, recording fees, brokerage commissions and similar. costs of acquisition actually paid by Maker equal $2,000 resulting in a total Maker equity amount of $20,000, and (ii) the Principal Amount of this Note were $80,000, then (iii) the owner would receive 20% of any remaining appreciation value available for distribution, and the Commission would receive ova of any remaining appreciation value available for distribution at the time of an Extraordinary Sale.] C. The Commission's right to receive the Commission's Shared Appreciation shall be subject to the Maker's superior right to receive repayment of the following items as described in California Civil Code Section 1917.006(a)(3) and the requirements of Section e below; i. amount of the down pay.ent paid by Maker at the time Maker acquired the Unit; I amount of installment payments of mortgage principal repaid to a Senior Lender by Maker prior to the Extraordinary Sale; iii. amounts of escrow fees, transfer taxes, recording fees, brokerage commissions and similar costs of acquisition actually paid by Maker; iv. mone paid by Maker for Capital Improvements to the Unit; and R 1401v1B 21942/0035 V. amount equal to the "legal rate of interest (as defined herein in Section 6(d) below) on cash payments by Maker as identified in i through iv above. d. Because there is no generally accepted definition of "legal rate of interest, as the tern is used in Civil Code Section 1917. o a Maker and Commission stipulate and agree that the "legal rate of interest for purposes of this Dote shall be calculated using the annual compound interest rate for the Long- Term Applicable Federal late AF as defined In 26 U.S.C. Section 1274(d) and as is issued by the United States Internal Revenue Service monthly, as then in effect at the time this Dote is executed. Based on the foregoing, the legal l °ate of interest for purposes of this Note is stipulated to be percent.-( per annum, compounded annually. e. Prior to payment to Maker of the amounts set Forth in Section 6(c) of this Dote, Maker shall submit evidence not less than 30 days prior to the first scheduled date for the close of escrow or foreclosure sale to allow the Commission to verify the evidence provided by Maker to the reasonable satisfaction of the Commission of th Maker's initial equity as set forth in Section b and Maker's actual payments as set forth in Section 6(c). To the extent such evidence is not timely submitted by faker; to the reasonable le satisfaction of Commission, such costs shall be deemed waived by the Maker and Maker shall not be entitled to have such costs, as applicable, included as part of Maker's initial equity under Section 6b or to receive payment of the sums set forth in Section 6 herein. Commission acknowledges that such evidence may include, by way of e xample and not limitation, Owner's original closing statement, bank statements, copies of cancelled checks, and invoices from contractors. 7. PAYMENTS Payments shall be made payable to the Community Improvement Commission of the City of Alameda, 2263 Santa Clara Avenue, Alameda, California 94501, Attention: The place of payment may be changed from time to time as Commission may from time to time designate in writing. Payments shall be made in lawful money of the United States of America. 8. COLLECTION. This Note is secured by a Deed of Trust recorded against the Unit. Maker ker agrees to pay all collection and enforcement costs, expenses and actor .e s' fees paid or incurred by the Commission or adjudged by Court in any litigation or controversy connected with this Note, or security for it, including but not limited to actions for declaratory relief that the Commission is required to prosecute or defend and actions for relief based on rescission, or actions to cancel this Note that the Commission is required to defend: 9. SHARED AFFRBCIATION LOAN. This Dote evidences a "Shared Appreciation Loan as defined in California Civil Code Section 1917.006 and the parties therefore intend this Note to be exempt from any usury limitations. Notwithstanding anything to the contrary contained herein, to the extent the Commission's Shared Appreciation is deemed interest (other than as permitted under California Civil Code Section 1917.006) and therefore subject to limitation by usury law, that portion of interest in excess of applicable usury limitation shall be forgiven. 134 801.viB 21.942/0039 lo. COSTS. Maker agrees to pay immediately upon demand all costs and expenses of Commission including reasonable attorneys' fees: a. If after default and the expiration of all notice and cure periods this Note is pl aced in the hands of an attorney or attorneys for collection, b. If after a default hereunder or under the Deed of Trust and after the expiration of all notice and cure periods Commission finds it necessary or desirable to secure the services or advice of one or more attorneys with regard to collection of this Note against Maker, any guarantor or any other party liable therefor or to the protection of its rights under this Note or the Deed of Trust, or C. If Commission seeps to have the Unit abandoned by or reclaimed from any estate in bankruptcy, or attempts to have any stay or injunction prohibiting the enforcement or collection of this Note or prohibiting the enforcement of the Deed of Trust or any other agreement evidencing or securing this Note lifted by any bankruptcy or other court. If Commission shall be made a party to or shall -reasonably intervene in any action or proceeding, whether in court or before any governmental entity, affecting the Unit or the title thereto or the interest of the Commission under the Deed of Trust, including, without limitation, any form of condemnation or' eminent domain proceeding, Commission shall be reimbursed by Maker immediately upon demand for all costs, charges and reasonable attorneys' fees incurred by Commission in any such case, and the sage shall be secured by the Deed of Trust as a further charge and lien upon the Unit. I L MISCELLANEOUS, US, This Note, the Deed of Trust and the resale Restrictions, and any other documents executed by the parties relating thereto, embody the entire agreement between the Commission and Maker for the Commission Loan and its terms and conditions. The obligations of the Maker hereunder shall run with the land and be enforceable against Maker and the successors and assigns of Maker approved in writing by the Commission. Except in the event of a Permitted Transfer pursuant to Section 2.2 and Article 3 of the Resale le Restrictions, Maker shall not assign or transfer any of its interest and obligations under this Dote without the express prior written consent of Commission. The ommission, at its sole option, may negotiate transfer or assumption of this Note. This Note may not be modified or amended except by an instrument in writing executed by the parties sought to be bound thereby. This Note shall be governed by and construed in accordance with the laws of the State of California. If any provision of this Note shall be invalid, illegal or unenforceable, the validity, legcdity and enforceability of the remaining provisions hereof shall not in any way be -affected or impaired thereby. 13 45 801 v 1B 21 942!00 9 1Y Fa IN Address: Address: 1 345 801 v 1 B 1 942!0039 EXHIBIT FORM OF COMMISSION DEED OF TRUST The Commission Deed of Trust shall be a standard title company deed of gust with a rider in the 1 "m set forth bel w. RIDER TO COMMISSION DEED OF TRUST This Rider to Deed of 'Frost is executed by ("Trustor")for the benefit of the COMMUNITY IMPROVEMENT COMMISSION F THE CITY OF ALAM DA ("Beneficiary"). 1. This Deed of Trust also secures the obligations of the Tyr stor under that certain Affordability, Restrictions on Resale and option to Purchase Agreement dated and recorded on as Document Igo, in the Official Records of Alameda County, California ("Agreement"), against the property encumbered by this Deed of Trust. A default under the Agreement shall he considered a default under this Deed of Trust. 2. This Deed of Trust secures a Shared Appreciation Loan and Dote. Trustor Exhibit F to Exhibit D 14011E 2194210039 04 11 0UPINVOIC RECORDING REQUESTED BY AND WHEN RECORDED RETURN TO: Community Improvement Commission of the City of Alameda c/o Housing Authority 701 Atlantic Avenue Alameda, CA 94501 Attention: Executive Director empt from recordi g, ees pursuant to Cal. Gov't Code Section 27383 DISCLOSURE, ACKNOWLEDGMENT E] T AND ASSUMPTION AGREEMENT THIS AGREEMENT is made by and among g I'selleril or "Transferor"), ("Buyer" or "Transferee") and the COMMUNITY IMPROVEMENT OMMIS ION OF THE CITE' OF ALAMEDA ("Commission"). WHEREAS, Sell; is the current owner of the real property commonly known as insert street address Alameda, California, more particularly described on Exhibit A, which together with all improvements located thereon is referred to in this Agreement as the "Unit"; and WHEREAS, Seller wishes to sell, transfer and convey the Unit to the Buyer; and WHEREAS, the Unit is subject to affordability restrictions applicable to the Unit as described in the Affordability, Restrictions on Resale and option to Purchase Agreement, recorded on 20 as Document No. in the official Records of Alameda County, California (the "Resale Restrictions" which restricts the Unit from being sold at its fair market value; and WHEREAS, the Unit 1s being sold to Buyer subject to a Shared Appreciation Loan that may result in the Buyer being obligated to pay a contingent deferred amount as discussed below in Section 2; and WHEREAS, the Buyer is purchasing, or otherwise acquiring, the Unit and will asinine the obligations of an owner under the Resale Restrictions; and WHEREAS, capitalized terms used herein and not defined in this Agreement shall have the meanings set forth in the Resale Restrictions. NOW THEREFORE, the parties hereto agree as follows: Exhibit G to Exhibit D 14011B 2194/009 1. THE BUYER HEREBY A.CI NOWLED ES AND AGREES To THE FOLLOWING, a. THAT THE UNIT IS SUBJECT To THE RESALE RESTRICTIONS AND, BUYER AGREES AS AN OWN. TO BE BOUND BY ALL OF THE CONDITIONS AND COVENANTS CONTAINED IN THE RESALE RESTRICTIONS. THE UNIT IS PART OF AN AFFORDABLE HOUSING PROGRAM OPERATED BY THE COMMISSION AND DESIGNED TO CREATE, PRESERVE, MAINTAIN AND PROTECT HOUSING AFFORDABLE To PERSONS OF LOW AND MODERATE INCOME. BUYER ACKNOWLEDGES THAT IT HAS RECEIVED A COPY of THE RESALE RESTRICTIONS AND UNDERSTANDS AND ACKNOWLEDGES THAT ITS RIGHT TO SELL THE UNIT T FAIR MARKET VALUE IS VERY LIMITED, AND THAT, IN CERTAIN INSTANCES, THE COMMISSION WILL HAVE THE OPTION TO PURCHASE THE UNIT FROM BUYER.. 'T'HESE RESTRICTIONS WILL BE IN EFFECT UNTIL IF BUYER SELLS THE UNIT IN VIOLATION of THE RESALE RESTRICTIONS, THE COMMISSION IS ENTITLED TO EXERCISE THE COMMISSION'S PURCHASE OPTION UNDER THE RESALE RESTRICTIONS. THAT BUYER SHALL OCCUPY THE UNIT AS ITS PRINCIPAL RESIDENCE FOR THE DURATION of ITS OWNERSHIP, C. THAT THE UNIT WILL NOT NECESSARILY APPRECIATE IN VALUE DURING THE DURATION of ITS OWNERSHIP, AND THAT THE RESALE PRICE (THE ELIGIBLE BUYER PURCHASE PRICE AS DEFINED IN THE RESALE RESTRICTIONS) MAY BE LESS THAN WHAT BUYER ORIGINALLY PAID FOR THE UNIT AND THUS WHEN BUYER SELLS THE UNIT IT MAY RECEIVE LESS THAN IT PAID FOR THE UNIT. 2.- Commission Note and Commission Deed of Trust. a. YI Buyer is an Eligible Buyer, as provided in Section 4.1 of the Resale Restrictions, the Buyer has concurrently with this Agreement executed a new Commission Note and a new Commission Deed of Trust In favor of the Commission, iorn, as provided in Section 4.4 of the Resale Restrictions. The Commission Note is in the initial principal amount equal to the difference between veen the market value of the Unit and the Eligible Buyer Purchase Price being paid for the Unit. The new Commission Note also provides for the payment to the Commission I the Commission's Shared Appreciation in the event of are Extraordinary Sale under the resale Restrictions; or If Buyer is taking title through a Permitted Transfer, as provided in Section 2.2 and Article 3 of the Resale Restrictions, then Buyer hereby assumes the Commission Note and the Commission Deed of Trust as provided for under Section a of the Commission Note and Buyer agrees to be bound by a d subject to the provisions of the Resale Restrictions, the CommissiQn Note and the Commission Deed of Trust. 3. The Commission hereby consents to the transfer of the Unit to the Buyer as ail Eligible Buyer or to the Transferee under a Permitted Transfer within the meaning of the Resale Restrictions. 14011E 21942/0039 4 All questions with respect to the interpretation of this Agreement, and the rights and liabilities of the parties hereto, shall be governed by the laws of the State of California. 5 This Agreement shall inure to the benefit of, and shaIJ be binding upon, the assigns, successors in interest, personal representatives, estates, heirs and legatees of each of the parties hereto. 6. Buyer hereby grants to Commission an irrevocable power of attorney coupled with an interest to act on Buyer's behalf to execute, acknowledge and deliver any and all documents relating to the Commission's Purchase Option under Article 5 of the Resale Restrictions, 7. This Agreement and the mission's lien under the Prorli sor r tote and Deed of Trust shall be subordinate to that certain deed of trust in favor of recorded concurrently herewith, subject to the conditions set forth in Article 8 of the Resale Restrictions, Executed on Dated: Dated; 2 at Alameda, California. SIT: Print name: BUYER: Print name: -NI- 1345 80 1 v I B 21942/0039 COMMISSION. Dated: COMMUNITY IMPROVEMENT ENT C M ISSI I F THE CITY OF ALAMEDA B Print name: ATTEST: M l 13 45 80 1 v I B 21942/0 039 Its: Executive Director NOTARY ACKNOWLEDGMENTS [TO BE INSERTED] .1345801vlB 2194210039 EXHIBIT LEGAL DESCRIPTION OF THE UNIT All that certain real property located in the City of Alameda, County of Alameda and mor particularly described as Lot as shown on th certain final subdivision reap entitled if ,I recor on 20 as Document No in the official Rewards of Alameda County. 14011] 21942/0039 Reduced Densit AlternatIve MMRP EXHIBIT 7: MITIGATION MONITORING AND REPORTING PROGRAM (MMRP) Monitorin Implementation Monitorin and Monitorin Miti Measures Adopted as Conditions of Procedures Responsibilit Reportin Schedule Approval Action 'E" _T W�ITT P i i'd ht i e V'� P i t. i i I Kr zi r Vt I U" i ha 1: i F: i t i i i K". k-' MMRP 1 'M ';4. t' J ff. n V MM B- a. Prior to project occupanc the pro Applicant will draft Cit of Alameda H will Prior to applicant shall put into place a Cit Transportation Demand Department of Public Works provide annual occupanc of first unit, TDM Transportation Demand Mana pro with the Mana monitorin pro must be g oal of reducin the number of peak hour-trips by pro that reports to the approved b the 10 percent. This wi I I inclu the followin mea sures: adhere s to all cit cit specifications in e Establish a Boatworks Home Owners Association this measure Annually thereafter, the (H OA) and CCRs for the pro Department of H must Public Works provide e Assess the HOA an annual fee in an amount (DPW) will monitorin- necessar to provide the followin strate approve TDM reports with an pro recommendations Eas pro (unlimited transit pass, Applicant will to revise pro to improve trip usable on AC Transit buses), two passes per establish a reductions. unit, additional passes per unit for residents ma Boatworks Home be purchased at cost Owners Association (HOA) Bic facilities in each unit; and CC. One car-share membership per residential unit and Provide annual fundin for transportation coordination services includin but not limited to, promotional information packa and plannin services re available transportation options, and annual monitorin reports to Cit re effectiveness of pro and recommended enhancements to meet 10% reduction g oal. MM B-4: The project applicant shall restripe the Applicant shall Cit of Alameda 10011 Prior to 1 00th Blandin Avenue approaches (eastbound and provide improvement plan Public Works Department Buildin Buildin Permit westbound} at Park Street to provide left turn pockets, for DPW review Permit modif the traffic. si to be full actuated, provide and approval and protected left -turn phasin modif the traffic control at complete the the private drivewa of the Waters Ed Nursin Home improvement prior to stop-si control, include audible pedestrian push to occupanc of buttons and pedestrian count down heads, and the final 100 housin unit. optimize the si timin to improve the flow of traffic without causin a si impact to pedestrian or transit level of service. MMRP 1 Mitigation Monitoring and Reporting Program IRP Boatworks Residential Project Mitigation Monitodog Program Monitoring Implementation tin i unit ring and Monitoring Mitigation Measures Adopted as Conditions of Procedures Responsibility Rep ruing Schedule Approval Action MM B The project applicant and construction Project Applicant City of Alameda City of Prior to issuance contractor(s) shall develop a construction management and its Public Works Alameda of building or plan for review and approval by the Public v ors contractor obtain Department Public Works grading permit(s) Department prior to issuance of any permits. The plan approval of Department shall include at least the following items and requirer ents to reduce traffic congestion during construction management plan must review construction: and implement the prior to plan during issuance of 1. A set of comprehensive traffic control measures construction permits. shall be developed, including scheduling of major truck trips and deliveries to avoid peak traffic hours, detour signs if required, lane closure procedures, signs, cones for drivers, and designated construction access routes. 2. The Construction management Plan shall identify haul routes for movement of construction vehicles that would minimize impacts on motor vehicle, bicycle, and pedestrian traffic, circulation, and safety, and specifically to minimi a impacts to the ya p greatest extent possible on streets in the project areal. The haul routes shall be approved b the CCity. 3. The Construction Management Plan shall provide for notification procedures for adjacent property owners and public safety personnel regarding when major deliveries, detours, and lane closures would occur. The Construction Management Plain shall provide for monitoring surface streets used for haul routes so that any damage and debris attributable to the haul trucks can be identified and corrected by the project applicant MM B- b: Fund a fair stare contribution to restriping Applicant to DPW DPW Prior to approval Park Street between Buena vita and Blanding provide a fair share of final reap. Avenues to accommodate transit queue jump lanes, payment in an and modify the traffic signals and signal timing at the amount of $11,300. Park Street intersections at Blanding, Clement, and Buena Vista Avenues). Mid B -'10: Fund a fair share contribution to reconfigure DPW prepares DPW DPW Prier to and restripe the intersection of Park Street and construction occupancy of Clement Avenue to add dedicated left turn lanes on the specifications of final unit. eastbound and westbound approaches of Clement required Avenue, and a northbound dedicated left turn lane on intersection Park Street, and to modify the traffic signals to include improvements, protected left turn phasing for all approaches, fully including cost actuated traffic signal, and audible pedestrian push estimate. buttons and pedestrian count down treads. The reconfiguration would require acquisition of property from the northeast and southwest corners and the CIC will pay fair removal of approximately eight palrking spaces. share contribution of the cost estimate for improvements. MM B -11: Fund a flair share contribution to the DPW prepares DPW DPW Improvement to installation of traffic signals at the intersection of Oak construction be completed as Street and Clement Avenue, and the re striping of the specifications of part of Clement eastbound Clement Avenue approadh to provide an requ Extension from Boatworks Residential Project Mitigation Monitodog Program Mitigation Monitoring and reporting Program MMR Mitigation Measures A dopted as Conditions of A p p roval Implementation Procedures M nit rin Responsibility Monitoring and Reporting Action Monitorin Schedule exclusive left -turn lane and a shared through /right -turn intersection City of Alameda Verify Sherman to lane. This mitigation also would require acquisition of the improvements, Public Works inclusion of Grand and necessary right- of-way from the project at the northwest including cost Department dust control Broadway to corner of Park Street and Clement Avenue to install the estimate. rrreaures in Tilden. traffic signal poles, while maintaining ADA access. Pollutant Control applicable mitigates the potential impact to less than significant. Iwill pay fair construction share contribution plans and The dust control program shall include, but net of the cost specifications necessarily be limited to, the following; estimate fo r a field imp rove meat in MM -12: The Site Development Plan will include a Applicant to fund DPW DPW Improvement to circulation and access analysis prepared by a analysis and any be completed as registered traffic engineer to ensure that the planned on site part of Clement internal circulation system adequately provides for improvements. Extension from automobile queuing distances between intersections, Sherman t o commercia vehical access, and pedestrian and bicycle Department of Grand and visibili and access. Public Works Broadway ay to Fund a fair share contribution to the reconfiguration prepares Tilden.. and restriping of Clement Avenue in front of the project preliminary design site to include an eastbound. left turn lane (into the cost estimate for project) and an eastbound center refuge/merge lane ofd site (for traffic exciting the project) if recommended by the improvements. analysis, and fund 100% of all on site improvements recommended by the circulation analysis. C IC will pay fair share contribution of the cost estimate for off site improvements r _.y f' ,r' ':fy k :'k'. rrr :Y.•: :3` '.4:� ..1 wSY.. .fl."S.. .,M4.... i. •:i.. '.S ::.T. r:"Y:' -Y. 2 ✓4 s .k.,.S Jar f, r'. .,-1 "2, i• --SS�� w.. .s'' _�4':a ..Cw. y {:y'= �+5 !J r:" M4 :Q'i .Ur xt•�s -r: <r.. s t`.. w r ss� ,e� .r. Y' =3. ,•1':5 �r^4'i �Yn' '�r.' �J::'ri r� r i•�' 3.'� �K:�7:' 5.�, t��? ';4 '{if' 'w }'r': S r... x:'} .4 r�Y ,.i �`f'. r.', ,..ti�.�_�: .sJ -7: Cc'••.. k,y.. ..i. r.5 r. �9. '.y�... J Vrr. •.a•�t:%: :''i::.,' .'r. p •`i 7F ,ta`� .�i' 4 l- r ..i' Mfr 3 '.x'.'• 1 1 !:,;Y.-' .r I i _.I II��7.R .�Li■ iC' rS. .;.b'4 iY� ri-` 2. %E ::`;�.i:'L`W f- +�5 1. 5 r. !_t' ..Y� r '.4 *a ti`.�� ,.5 �..'�:.�y :��c .�I�'�:� 4- d� r.. y,.� r J�` -s F.4+;�' ".J. r .Y'• _2 i J' o a n 1�4'� ".'.h i_ �:.'.4 r 'Sri n�� xa' .:S r.. •u�. u i.�'.�' ,,,L _Sf i i 4 ..y.. ,`ws r ry.'�. "+G*" s,; .I r y r SSr:,a� MM -1 P rior t o proj occu the project applicant shall impl ern ent M M B- 3a TD S B- 3a a bove. S B- 3a a bove, S ee B- 3a above. S B- 3a above. MM C-2: During construction, the project applicant Project Applicant City of Alameda Verify Prior to issuance shall require the construction contractor to im plement and its Public Works inclusion of of grading BAAfD's basic and enhanced dust control contractor(s) shall Department dust control building permit; procedures required for sites larger than four acres such as the project site, to maintain project prepare a Construction Air rrreaures in inspect during construction construction related impacts at acceptable levels; this Pollutant Control applicable mitigates the potential impact to less than significant. Plan that adhere s construction to all specifications plans and The dust control program shall include, but net in this measure. specifications necessarily be limited to, the following; a field in wat all active construction areas at least twice daily. Watering should be sufficient to prevent airborne dust from leaving the site. Increased watering frequency may be necessary whenever wind speeds exceed 15 miles per hoar. Reclaimed water should be used whenever possible. Cover all trucks hauling soil, sand, and other loose materials or require all truck to maintain at least two feet of freeboard i.e., the minimum required space between the top of the load and the top of the trailer). Boa twAs Reduced Density Al tern at1ve (18 2) Residen ial Project Mitigation Monitoring and Reporting Program MMRP Boatworks Isldential Project Mitigation Monitoring Program M onitorin g Implementation Monitoring and Monitori Mitig M Ado as Conditions of Procedures Resp Re po rt ing Sched Approval Action Page, apply water three times daily, or apply (non to is soil stabilizers on all unpaved access roads, parking areas and staging areas at construction sites. S wee p streets (with water sweepers using reclaimed water if possible) at the end of each da if risible soil material is carried onto ad avey adj acent p roads. Sweep daily (with water sweepers) all paged access roads, parking areas and staging areas at construction sites. The "enhalnced" dust control measures shall include the following: Hydroseed or apply non -toxic soil stabilizers to construction areas and previously graded areas. inactive for ten days or more Enclose, cover, water twice daily or apply non -toxic soil binders to exposed stockpiles of dirt, sand, etc. Limit traffic speeds on unpaved roads to 15 miles per hour mph Install sandbags or other erosion control measures to prevent silt runoff to public roadways Replant vegetation in disturbed areas as quickly as possible M M -Gar: In order to reduce G H G emissions from Project applicant City of Alameda Verify Prior to issuance energy consumption and to maintain project operations and its Community inclusion of a of building or consistent with the initiatives of the L PCP, the project contractor(s) shall Development energy building perrnit applicant shall pursue energy conserving building prepare site plans Department conservation design and alternative energy conservation strategies that incorporate design to meet or exceed the most current Uniform wilding energy measures in Code requirements and State energy criteria, conservation construction design measures plans and specifications MM -b: In order to maintain project operations Project applicant City of Alameda Verify Prior to issuance consistent with Energy Initiative 6 of the L P P, no and its Community exclusion of of building or fireplaces or stores installed as part of the proposed contractors shall Development wood- building permit (s project may be wood burring. prepare site plans Department burning that exclude wood- fireplaces burning fireplaces and stages in or stoves construction plans and specifications MM C- 6c: In order to maintain project operations Project applicant DPW. DPW to Prior to issuance consistent with Waste a rid F ecy ling Initiative 1 of the shall prepare a approve of demolition LAPCP, demolition and construction wastes shall be demolition demolition permits sorted and recycled to the extent feasible. A recycling plan and recycling demolition recycling plan shall be developed prior to construction plans plan; verify i ssuance of demolition permits and approved by DPW. shall specify inclusion of sorti and sorti and roc cling of rec ycling in Boatworks Isldential Project Mitigation Monitoring Program Litigation Monitoring and Reporting Program M M RP Boalworks Reduced Density AternaHve {182} Residential Project Monit Impl M nit rin an d Monito Mitigat M easures Adopted as Conditions of P Responsibility R rti sch Approval Action materials construction plans i Fs "k' �:+'q. K21 5. "1 -Y.-1 TM F r•,k� 'y? t :Y '.�_f:1: 'r'I! •1 4F 4� 1' •'C S. 1 '.ir`'rr.. �Y <4r.� *d fr.. LS �!`r.i .Yiry .S' V�':� S i k: �tti }s' k r t' I ,y �s �.e ik: Fl; �t� r G L A. f ��y 1 �r 4 t`Jk w.(:. I. §d` ".+i: 4. r�,' ':f .S'r x. rr y K #5w� if? I 5� y 3 "s" ":r i gk ,fit 'L63 4 k: r✓�b i[�� °h`•. \s 7o-' lY]Lq. M y f• 1 �i'• .4 .4r :h�' 5 �s',.. 7' °q r •.,v' i 'S(y� ':k' .�J[ 4' y.:rJ% ..y \Y "r .�Y r:.\' 5. 1 2`}{ "s" ku p^ ?i'"r`,rS.M YAe, k' v,�� $w 5 t• ,h'fi.",;,. Y i f`£' i'% I ,{".L4 a f.. ,I 7; .so;•.F,` rs�'r 4:tJ{ t•F.fi._ x •f1xS., �.'x{ :k. "f: ..^C.h'�.s:aY,.? {�r oi.x..'h. �'h.. }.'1 4�, :'C�^t i`d- .S �S r,"'k 'k1� +5 x .s. �fk Yr. i:. 7 L. i['. �kr.. .%4'r;�!r,'{';.'.Sr::,'�'k�r,.: 9" .�S ,.ij ti r+[;!P i Y 1'�,f :�f ;i {f 5� -r 7�+': ''I ;T':: ff'• sr_.�'lb #!':,ar' .'R.F.S?'' 's!K�kf.Y.'�.e. i''. "r9` �K.xC ;_S:S�r 5 y S'y 'y+�•ss 7 i 'r� F. .Y �!3 25y .5€ }}r.. i3 iG 2Ff,'. t.�n s ='r? k2"• a' >h: }•:r !]yew 4, r�'.:� w'y 5: e� 'riti1•''.t,..`.'rrnRS4xiSk'..a 9. rr ax',.- .1'.'{f.'�,f!nf2`.%'. .9= MM D The project applicant will incorporate the Project applicant City of Al Approve P rior toissuance following requirements into the construction contract and its contractor shall C ommunity Development construction o f building or contract building permit specifications: prepare Department, City specification construction Building and qo Construction activities will be limited to between the contract Department staff. construction hours of 7:00 am and 7:00 pm Monday through specifications and plan Friday and 8:00 art to 5:00 pm on Saturdays. construction plans that adhere to all E quipment and trucks used for construction will use specifications in this measure the industry standard noise control tech niques e.g., improved mufflers, equipment redesign, use of Intake silencers, ducts, eng enclosures, an d acoustically-attenuating shields or shrouds, wherever feasible). Stationary noise sources will be located as far from adjacent receptors, whenever feasible, and they will be muffled and enclosed within temporary sheds, incorporate Insulation harriers, or other measures to the extent feasible. MM D- If necessary to comply with the i nterior noise Project Applicant City of Alameda Verify that sit Prior to issuance requirements of the State and achieve an acceptable and its Community plans of building or interior none level, noise reduction in the form of contractor(s) shall Development incorporate building permit (s sound -rated assemblies i.e., windows, exterior doors, prepare site plains Department; City noise- and walls) shall be incorporated into project building that incorporate the Building controlling design, based upon recommendations of a qualified described noise- Department staff. features acoustical engineer. Final recommendations for sound controlling design rated assemblies will depend on the specific building measures designs and layout of buildings on the site and shall be determined during the design phase. Specific consideration shall be given to window size, degree of sound insulation of exterior galls, which can be increased through staggered- or double studs, multiple layers of gypsum board, and incorporation of resilient channels. �./}�.F M1 :4'f {s�'r. y 'l i •4�.h.. rti Sys C+•' .aY.. 's!" 3' i y`rr�_■y.■.I�� <3. •x i1. Y. i i� V 4+7i/ '4: J rJ. c. r a'.k�CC_�'.r �.�x. 5.� Fl��. a.. l :.7i{J; ''tf Y': ..T f. 4�. .7. '7�. i f .....77 t.�.ck .S%1 i �c:.-a .7�.,ti :n �i�k. ,�y •L• 'fir} "+4"r Y.v'.• M E -1 Tine project applicants shall document the P roject applicant City of Alameda Verify that Verify that HABS circa 1910 Steel Fabrication hop Warehouse and and its contractors shall Community Development HABS documentation documentatio has been Compressor Room/Storage Room/Storage Building in accordance prepare HABS Department n has been completed prior with the Historic American Building Surrey HABS Level 11 completed. to issuance of Level 11 documentation standards of the .National Park documentation. demolition permit. orvice. Level II standards include the folIowing: Verify that an I Photographs. Large format -inch negative or Pro`ect applicant appropriate Verify that an greater black and white photographs should be and its retire inter appropriate In taken of all elevations of the two buildings, plus contractors shall history interpretive limited content and detail shots. A limited number of retain a professional exhibit has history exhibit been has been hitoricail photos of the project area buildings, if architectural installed. installed prior to available, should also be photographically historian to design occupancy.. reproduced. All photographs should be printed on an interpretive acid -free archival bond paper. history exhibit that Boalworks Reduced Density AternaHve {182} Residential Project 6. Mitigation Monitoring and Reporting Prograrn IVIIVIRP Mitigation Measures Adopted as Conditions of Approval Implementation Procedures monitoring Responsibility. Monitorin and Reporting rtiln Action Monitorin hedule 2. Written History. Prepare a written history of the adheres to all specifications in project area and buildings using the l-IABS standard this measure. outline format. 3. Drawings. If available, reproduce original building drawings on rnylarorthrough photographic means. 4. Archiving. The completed HAGS documentation package (photos, report, and drawings) shall be archived at the City of Alameda, the City of Alameda Public Library, and the Northwest Information Center of Sonoma State University. The project applicant shall also provide an interpretive history exhibit in the form of a plaque or panel to describe the historical importance of the former Dow Company buildings to the general public. Information generated from the documentation effort, such as photographs and historical tent, described above, can be utilized for this effort as well. The interpretive exhibit can either be placed along the proposed waterfront traillopen space, or at the corner of Clement Avenue and Oak Street. The interpretive exhibit should be designed by a professional architectural historian meeting the qualifications of the Secretary of the Interior s Standards. IVIM E-2: If cultural resources are encountered, all Project Applicant City of Alameda Community Review and Review extent activity in the vicinity of the find shall cease until it can and its contractors shall Development approve extent and and methodology of subsurface be evaluated by a qualified archaeologist and a Native retain Department methodology investigations American rep resentative. Prehistoric archaeological g archaeologist of subsurface prior to approval (materials might include obsidian and ched flaked paleontologic of grading stone tools e.g., projectile points, knives, scrapers) or Archaeologist shall al permit (s toolmaking debris; culturally darkened soil "midden conduct investigation If resources containing heat affected rocks, artifacts, or shellfish subsurface archaeological if resources encountered, remains and stone milling equipment e.g., mortars, investigation are review of pestles, handstolnes, or rmilling slabs); and battered encountered, treatment and stone tools, such as hammer tones and pitted stones, Project Applicant verify work is monitoring plain Historic -era materials might include stone, concrete, or and its suspended prior to adobe footings and walls; filled yells or privies; and contractor(s) shall train workers and and review and approve contilnuation of construction deposits of metal, glass, and/or ceramic. refuse. If the monitor their of the archaeologist and Native American representative treatment determine that the resources may be significant, they and will notify the project applicant or contractor (s) and the Project Applicant monitoring City of Alameda and will develop an appropriate and its contractor(s) shall plan if paleontologic treatment plan for the resources. The archaeologist halt work and al materials shall consult with Native American monitors or other notify qualified are ap p rop riate Native American rep resentatives in p archaeologist and discovered determining appropriate treatment for unearthed a Native American cultural resources if the resources are prehistorle or representative if Native American in nature. materials are discovered In considering any suggested mitigation proposed by Archaeologist, in the archaeologist and Native American representative consultation with in order to mitigate Impacts to cultural resources, the Native American project proponent will determine whether avoidance is representatives nece and feasible in light of factors such as the shall conduct Boalworks Residentiai Project Miti etlon 1onl(orin Program Mitigation Monitoring and Reporting Program MMRP Boatworks Reduced Dens!ty A[te mat! ve (18 2) Residential Project Monitoring Implementation n unit rin and Monitoring Mitigation Measures Adopted as Conditions of Procedures Responsibility Reporting Schedule Approval Action nature of the find, project design, costs, and other independent considerations. if avoidance is infeasible, ether review and appropriate measures (e.g., data recovery will be prepare treatment instituted. Work may proceed on other parts of the plan, if necessary project area while mitigation for cultural resources is Project Applicant being carried out. or its contractor(s) shall implement treatment plan and /or implement other measures such as data recovery MM E-3: If paleontological resources, such as Project Applicant City of Alameda eview and Review review extent. fossilized bone, teeth, shell, tracks, trails, casts, melds, and its Deevelopvelop mea approve and methodology or impressions are discovered during ground disturbing contractor(s) shall Department extent and of subsurface construction activities, all such activities within 100 feet retain methodology investigations of the find shall be halted until a qualified paleontologist paleontologist of subsurface prior to approval can assess the significance of the find and, if paleontologic of grading necessary, develop appropriate salvage measures in Paleontologist l permit s consultation with the City of Alameda and in shall conduct investigation If resources conformance with Society of Vertebrate Paleontology subsurface if resources encountered, Guidelines. archaeological investigation are review of salvage encountered, measure plan Project Applicant verify work is prior to and its suspended. continuation of contractors hall Review w and construction train workers and monitor their approve of alctivities the paleontologic PrV I ect Applicant al materials an its salvage contractor(s) shall measures. halt wo and notify paleontologist if materials are discovered Paleontologist shall conduct independent review and develop salvage measures, if necessary Project Applicant or its contractor(s) shall salvage measures MM E -4: If human skeletal remains are uncovered Project Applicant City of Alameda Review and prior to approval during project construction, the project proponent and its Community approval of of the (depending upon the project component) will contractor(s) shall Development the construction immediately halt work, contact the Alameda Counter train workers and Department construction plans coroner to evaluate the remains, and follow the monitor their plan that procedures and protocols set forth in Section 1 5064.5 activities includes e)(1 of the C EQA Guideiines. If the County coroner If remains are standard determines that the remains are Native American, the discovered, project procedures if human project proponent will contact the Native American Applicant and its Heritage Commission, in accordance with Health and contractor(s) shall remains are Safety Code Section 7050.5, subdivision (c), and Boatworks Reduced Dens!ty A[te mat! ve (18 2) Residential Project Mitigation Monitoring and Reporting Program MMR Boatworks Residential Project Mltiga(ton iNonitortng Program Monitorin rin Implementation Monitor and Monito M itigation Measures Ad a Cond itions of Procedures Responsibility Reporting Schedul Approval Action Public Resources Code 5097.98 as amended by AB halt work and encountered 2641). Per Public Resources Code 6097.98, the notify the Alameda landowner shall ensure that the immediate vicinity, County coroner. according to generally accepted cultural or if the remains are archaeological standards or practices, where the d etermined to be Native American human remains are located, i not damaged or disturbed b further development activity N ative N ican, until the landowner has discussed and conferred, as the project ect prescribed in this section PIED 5997.98), with the most proponent shall likely descendents regard ng their recommendations, if contact the Native applicable, taking into accouint the possibility of multiple American Heritage human remains. Commission. Project Applicant or its contractor (s and /or the landowner shall halt further development activity and comer with the most lilely descendants. -I- `LM!# x,C•. x.'S .'L r?` `h' i:. S.+' +9• ^"'i, _::y/+I rf'[- iay}{iY. tp'f'J 1'; :'Y' .k ',J yyik 1p ..5'., •}r�!l. yy''pp JLL' ,pc S..t'{x` -k Y'+G S .Y' 2 f +'Si: .iu. {+r :f.. I -3 y, 1 cS'. .h"•: wo-; 4:'.t \,5.' ..'S ,4" '.:C i,. xl2 •S 2'i$'' IIii Y r]' _.'Y i :s h x•71 .�Txt r.�f,4}i.s_„4, aU.. }1�4:w:�r:r t!'.: l..Y 'i' 'WL' d '=S R L 'F x. i I F'St -9 y, .Z'y, 3 S h. 3 jn c r.i _.��,'.f,o-%. .5 �T 4. }'ix L; r tFl :.h.' t' 1. K 4'1 0" J. iS"r1'. S.f �.I t41,n ;h� f'k, ''��f L_ =�Lr_. i' k r r. .nbF r4 i,11�': Y- Iy.: .`�'r '�"i°ti 4 i .5.. ;�slk��.�� .Y`�s.:e.,. .:Y.�. r'} .`k'", �t. ra 3 I lk.x 7• 3{ n 2.. mi, xk- li 3,'r *,'y y...o 2i: i �G J R'a�.'�y'�C {9 4 }t.?�dF' {�L.'s 1�•4L{rt': I IVI F-1: No more than two weeks in advance of any Project applicant City of Alameda Review the Prior to approval tree or shrub removal, or alteration to structures that an its contractor shall Community Development construction plans for of the construct would commence during the breeding season February ensure that Department; the project to plans and prior to I through August 31), a qualified wildlife biologist shall construction appropriate ensure that start of applicable conduct pre construction surveys of all potential special- plan(s) that adhere resource agency nesting phase of status bird nesting habitat in the vicinity of the planned to this measure to i.e. California season is construction. activity. Pre construction surveys are not required for reduce impacts to Department of avoided or construction activities scheduled to occur during the birds and their Fish and am that activities non breeding season (August 1 through January 1 ne tsl ggs ef �ni n Construction activities corn commencing during the non- If construction will nests. n. nests. breeding season and continuing into the breeding g g take place season do not require surreys has it is umd that any between February if active breeding birds taping up nests would be acclimated to and August project applicant nests are found during project- related activities already under wary. Nests and its pre initiated during con activities would b contractor(s) shall construction presumed to be unaffected by-project activities, and a retain a qualified avian buffer zone around such nests would not be necessary. wildlife biologist to surveys, the However, a nest initiated during construction cannot be complete the results of the moved or altered actions in this surveys shall measure. be discussed If no active nests are found during pre construction with the appropriate avian sur then no further mitigation is req uired. 9 q resource agency i.e. If active nests are found during pre construction avian DF, and surveys the results of the surveys shall be discussed avoidance with the appropriate resource agency and avoidance procedures procedures shall be adopted, if necessary, on a case- shall be by-case basis. Avoidance measures would most likely adapted, if include a no- disturbance buffer around the nest, which necessary= will be maintained until a qualified biologist determines that the young have fledged or otherwise abandoned the nest. The si of the buffer zones and types of construction activities restricted within them shall be determined through consultation with resource agencies, taking into account factors such as: noise Boatworks Residential Project Mltiga(ton iNonitortng Program I itfgation Monitoring and Reporting Program MMRP Boatwo rks Deduced Density Alto mat! ve (18 2) Residential Project Monitoring Implementation Monitoring and Monitoring Mitigation Measures Adopted as Conditions of Procedures Responsibility Reporting Schedule Approval Action and human disturbance levels at the project site and the nesting site at the time of the survey and the noise and disturbance expected during tine construction activity; distance and amount of vegetation or other screening between the project site and the crest; and sensitivity of individual nesting species and behaviors of tine nesting birds. MAC F-2: The applicant and project designer shall Project applicant City of Alameda Verify Prior to issuance reduce building lighting from exterior sources by the and its Community inclusion of a of building or following measures: contractor(s) shall Development bird -safe building permit (s prepare site plans Department design Minimize amount and visual impact of perimeter that incorporate measures in lighrting, through measures such as downward- building design construction pointing lights, side shields, visors, and motion- features that plans and sensor lighting. where to this specifications measure Utilize minimum wattage fixtures to achieve required lighting levels. a Use minimum wattage fixtures to achieve required lighting levels. Avoid placing water features in close proximity to glazed facades. Design to avoid monolithic, unditinguihable expanses of glazing by maximizing "visual noise" both on the building scale and individual glass units. MM F- a, Potential direct and indirect disturbances to Project. applicant City of Alameda Tree removal Approval of bat bats shall be identified by locating colonies, and and its Community permit s protective instituting protective measures prior to construction, No contractor (s) shall Development and measures shall more than two weeks in advance of tree removal or retain a qualified Department demolition tale place prior to demolition of buildings onsite, a qualified bat biologist bat biologist to permit issuance of tree e.g., a biologist holding a CDFG collection permit and locate colonies, hallbe removal permit (s a Memorandum of Understanding with CDFG allowing institute protective conditioned and demolition the biologist to handle and collect bats) shall conduct measures, and upon permits. pro construction surveys for bat roosts. No activities that could disturb motive roasts shall proceed prior to conduct pre- construction approval of bat protective the completed surveys. surveys. measures. survey survey shal b be conducted no more than two creeks prior tree removal or demolition. MM F -b: If a bat colony is located within the project Project applicant City of Alameda Review pre- Approval of bat site during pre construction surveys, the project shall and its Community construction protective be redesigned to avoid impacts, and a no- disturbance contractors shall Development survey measures shall buffer acceptable in size to the CDFG shall be created retain a qualified Department reports, take plaice prior to around any roosts in the project'vicinity, if possible, Bat bat biologist to Review is issuance of tree roosts initiated during construction are presumed to be re, construction removal permits unaffected, and no buffer i necessary, however the construction and site' and demolition "take" of individuals is prohibited. surveys. plans for permit (s). If there is a maternity colony present and the project If surveys identify bat colonies within proper incorporation Pre constriction surveys shall be cannot be redesigned to avoid removal of the tree or the site, project of buffers. conducted no structure inhabited by the bats, demolition of that tree applicant and its more than two or structure shall not commence until after young are contractor(s) shall weeps prior tree flying i.e., after .July 31, confirmed by a qualified bat prepare removal or biologist) or before maternit y colonies form the construction and demolition, following year i.e. prior to Larch 1 site plains with Boatwo rks Deduced Density Alto mat! ve (18 2) Residential Project 6. mitigation Monitoring and Deporting Program MMR Boatworks Residential Project 1 Mitigation Monitoring Program Monitorin Implementati Monito a rid Mon Mitigati Meas Adopt as Conditions of Procedures Responsibility Reporting S chedul e A pp rova l Action If a non maternity roost must be removed as part of the buffers that adhere to this measure. project, the non maternity roost shall be evicted prior to building /tree removal by a qualified biologist, using Project applicant methods such as raking holes in the roost to alter the and its airflow, or creating one -way funnel exits for the bats. contractors shall train construction workers to avoid "take" of bats. Maternity colonies shall be avolded and non maternity colonies shall b e evicted in accordance with this measure. MM F-3 c: If known bet roosting habitat is destroyed If known bat City of Alameda Review pre- Review of during building /tree removal, artificial bat roosts shall roosting habitat is Commun construction construction and be constructed in an undisturbed area in the project destroyed during Development: survey site plans shall be site vicinity away from human activity and at least 200 building or tree Department reports. conducted prior feet from project d /construction activities. The removal, artificial view to issuance of design an d location of the artificial bat roost(s) shall be bat roasts shall be construction tree removal determined by a q ualified bait biologist. constructed in and site permits and accordance with this measure. plans for demolition permit (s). proper Incorporation Artificial roosts of artificial shall b roosts. constructed prior to destruction of roosting habitat, or by a date recommended by a qualified bat biologist. MM F -4: if dredging or pile driving occurs as part of the Project applicant City of Alameda Review Prior to a pproval project, the project applicant shall implement Best and its Community construction of the Management Practices (BMPs) for protection of contractor(s) shall Development plan(s) for construction s almonids and Pacific herring, that are identified in the incorporate into Department incorporation plans Long- Terra Management Strategy for the Placement of construction of BIVIPs. Dredged Material in the Ban Francisco Bay Region plan(s). LTM Corps, 2001). Bi1Ps listed in the LTI1 include the following: installation of silt curtains and gunderbooms for filtering sediment; mechanical dredge operations controls, including increased c� cle tine, e limination of multiple bucket bites and elimination of bot tom stockpiling; a hydraulic dredge operations controls, including reduction of cutterhead rotation speed, reduction of swing speed, and elimination of bank und hopper dredges and barges operational controls, inclu reduction of hopper overflow, louver hopper fill levels, and use of a waster recirculation system; and use of s p ecialty eq uipment, includin neuma Boatworks Residential Project 1 Mitigation Monitoring Program Mitlgatlon Monitoring and Deporting Program MP Boa tworks i edUGod Den s1ty A tern ative (182) Residential Project 11 Monitorin Implementation Monitoring and rin Monitorin Mitigation Measures Adopted as Conditions of Procedures Responsibility Reporting Schedule Approval Action pumps, closed or environmental buckets, large capacity dredges, and specialized tools for precision dredging. In addition, dredging or pile driving in the Oakland Estuary shall minimize impacts on special status fish through one or more of the following methods: 1 dredging or pile driving shall only be conducted within work windows designated to cause the least impact on Pacific herring and salmonid i.e., June through November, see Table 4.17-11); dredging or pile- driving shall only produce noise levels below 150 decibels at 30 feet; and /or dredging or pile driving shall only be conducted in accordance with NMFS directives and Corps permits to reduce potential impacts on fish species. MM F- a: The project applicant shall implement the Project applicant DPW review Prior to approval following Best Management Practices (B MPs) during and its construction of the subdivision construction: contractor(s) shall plan(s) for improvement incorporate into incorporation plans 1. Install slit fencing, straw wattles or other appropriate construction plan (s). of BMPs and conduct erosion and sediment control methods or device8 device to regular prevent sediment from the upland portion of the site from entering the Estuary as a result of project inspections. activities, 2 Operate equipment e.g., back hoes and cranes) that is used for removal or Installation of fill and rip rap along the Estuary shoreline from dry land, where possible. Construction operations within the Oakland Estuary can also be barge mounted or utilize other water -based equipment such as scows, derrick barges and tugs, 3. Prevent any fueling activity from occurring within 50 feet of the Oakland Estuary. 4. Where applicable, implement BMPs listed under Mitigation Measure 4.F -4 to avoid impacts to water quality resulting from dredging or other activities within open waters, as identified in the Long -term Management Strategy for the Placement o Dredged Material in the Sari Francisco Bay R egion LTMS (Corps, 2001). Test all materials proposed for excavation and dredging for the possible presence of contaminants. Construction practices shall be designed in coordination with the Corps, RW CB, and other applicable agencies, to minimize the dispersion of contaminants into the water column and ensure proper disposal of contaminated materials. M P -b: The project applicant shall provide Project Applicant City of Alameda Review Prior to approval compensatory mitigation i.e., "no net loss for any and its Community project of the temporary and permanent impacts to wetlands as contractor(s) shall Development plan(s) for construction defined by_ ection 404 of the Clean water Act, as provide Department; DPW, incorporation plans required by regulatory permits issued by the Corps, compensatory Array Corps of of RW CB, and BCDC. Measures may include but would mitigation for Engineers, compensator not be limited to 1 onsite or offsite mitigation through wetlands impacts 1 WQGB, and y wetlands wetland creation or restoration; and development of as specified in this BCDC. mitigation. measure. Boa tworks i edUGod Den s1ty A tern ative (182) Residential Project 11 Mitigation Monitoring and Reporting Program IVIIVIRP if oinsite restoration is net feasible, the project applicant shall negotlate compensator offsite mitigation for wetland losses with applicable regulatory agencies, at a :1 impact -to- restoration ratio, or other ratio determined by the agencies. Mitigation and Monitoring Program. Prior to the start of construction or in coordination With regulatory permit conditions, the project applicant shall prepare and submit for approval to the Corps, RWQCB, and BCDC a mitigation and monitoring program that outlines the mitigation obligations for temporary and permanent impacts to waters of the U.S., including wetlands. The program shall include baseline information from existing conditions, anticipated habitat to be enhanced, thresholds of success, monitoring and reporting requirements, and site- specific plans to compensate for wetland losses resulting from the project. The Boatworks Residential Project Mitigation and Monitoring Plan shall include, but not be limited to, the following: Clearly stated objectives and goals consistent with regional habitat goads. Location, size, and type of mitigation wetlands proposed. A functional assessment of affected jurisdictional waters to ensure that the EPA's "no net loss of wetland value" standard is met. The functional assessment shall also ensure that the mitigation provided is commensurate with the adverse impacts on Bair resources its accordance with BCDC mitigation policies. The assessment shall provide sufficient technical detail in the project design including, at a minimum, are engineered grading plan and water control structures, methods for conserving or stolpiling topsoil, a planting program including removal of exotic species, a list of all species to be planted, sources of seeds and/or plants, timing of planting, plant locations and elevations on the mitigation site base neap, and maintenance techniques. Documentation of performance, monitoring, and adaptive management standards that provide a mechanism formaking adjustments to the mitigation site. Performance and monitoring standards shall indicate success criteria to be met within 5 gears for vegetation, animal use, removal of exotic species, and h0roloaly. Ada r)tive Boatworks Residentlal Project 12 Mitigation Monitoring Program Monitorin Implementation Monitoring and Monitoring Mitigation Measures Adopted as Conditions of Procedures Responsibility Reporting Schedule Approval Action a Mitigation and Monitoring Plan. Project Applicant Review Onslte or Offsite Wetland Creation or Restoration. To and its contractor(s) shall Boatworl Wetlands the extent practicable, the project applicant shall create and adhere (litigation restore the tidal marsh to the Oakland Estuary to a wetlands and shoreline at a (minimum 1 impact -to- restoration Mitigation and Monitoring ratio, through activities such as removal of debris and Monitoring Plan. Plan. concrete r1praip, and revegetating with native tidal marsh species. if oinsite restoration is net feasible, the project applicant shall negotlate compensator offsite mitigation for wetland losses with applicable regulatory agencies, at a :1 impact -to- restoration ratio, or other ratio determined by the agencies. Mitigation and Monitoring Program. Prior to the start of construction or in coordination With regulatory permit conditions, the project applicant shall prepare and submit for approval to the Corps, RWQCB, and BCDC a mitigation and monitoring program that outlines the mitigation obligations for temporary and permanent impacts to waters of the U.S., including wetlands. The program shall include baseline information from existing conditions, anticipated habitat to be enhanced, thresholds of success, monitoring and reporting requirements, and site- specific plans to compensate for wetland losses resulting from the project. The Boatworks Residential Project Mitigation and Monitoring Plan shall include, but not be limited to, the following: Clearly stated objectives and goals consistent with regional habitat goads. Location, size, and type of mitigation wetlands proposed. A functional assessment of affected jurisdictional waters to ensure that the EPA's "no net loss of wetland value" standard is met. The functional assessment shall also ensure that the mitigation provided is commensurate with the adverse impacts on Bair resources its accordance with BCDC mitigation policies. The assessment shall provide sufficient technical detail in the project design including, at a minimum, are engineered grading plan and water control structures, methods for conserving or stolpiling topsoil, a planting program including removal of exotic species, a list of all species to be planted, sources of seeds and/or plants, timing of planting, plant locations and elevations on the mitigation site base neap, and maintenance techniques. Documentation of performance, monitoring, and adaptive management standards that provide a mechanism formaking adjustments to the mitigation site. Performance and monitoring standards shall indicate success criteria to be met within 5 gears for vegetation, animal use, removal of exotic species, and h0roloaly. Ada r)tive Boatworks Residentlal Project 12 Mitigation Monitoring Program 6. Mitigation Monitoring and Reporting Program I Iii P Boa tworks Reduced Density Arternatrve (18 2) Res Identlal Project 13 Monitorin Im Monitoring and Monitorin Mitigation M asur s Adopted as conditions of Procedures Responsibility Deporting schedule Approval Action management standards shall include contingency measures that outline c lear steps to be tak if and when it is determined, through monitoring or ether means, that the enhancement or restoration techniques are net meeting success criteria. �v s .I rt' J_ f.•. ZM' fIV 'ti' :t''sd .5 4Y:S '435" 2 fty +x i t T „t•J :`k'. a ..:rt. .'r a. '�''Y p il }L' 5} T iS. CAS ♦L*..,.gq :Lfl sJc., .f' Y ti ��S :.��fii;}%.' s,�1t.,4,k wi�'.,4 ?Y Sf*a !Yr it 4 .l'„ -vA��ry x:'PS'f.... 2 rt ISM -1 a: A site specific, design -level geotechn Ica i Project Applicant City -of Alameda Review Prier to issuance for the project shall be conducted a a and investigation its Community geotechnical of buildi permit, condition of building permit. The investig shall distribution contractors shall Development Investi gation review include detailed characteri of the and retain a registered Department for for the geotechnical compo of subsurface materials and an geotechnical engineer t project as investigation. assessment o f their behavior during violent seismic, groun s haking. The analysis shall recommend design conduct condition of Pr to parameters that would be necessary to avoi or eotechni o ti ation. building occupancy certificate, substantially reduce structural damage under peak Investigation permit. inspect final ground accelerations of no less than g. The investigation and recommendations shall b in results ar�d Inspect final buildings. conformance with all applicable city ordinances and recommendations shall be included buildings to policies and consistent with the design requirements of in the final design ensure they Seismic Design Category E1 very high vulnerability) of the California Building Code. T of the project and were geotechnical report shall be prepared by a registered geotechnical engineer shall be including in and constructed to and approved by the pity, And all rcomimndation shall be included in the final design of the project. g building according specifications applicat*permit ions. MM -'I b: Prior to issuance of occupancy permits, the Project applicant City of Alameda Review and Prior to P roject appllca�nt shall prepare an ea rthquake ha ards and its ommunity approve occupancy information document to th satisfaction of City staff. contractors shall Development earthquake certificate. This document shall be made available to any Rotential prepare an earthquake Department hazards occupant prior to purchase or rental of the housing hazards information units. The document shall describe the potential for strong ground- shaking at the site, potential affects of informartion do uiment.. ground sharking, and earthquake preparedness document. procedures. MM G -2: Earthwork, foundation and structural design Project applicant City of Alameda Review and Prior to approval for the proposed project shall be conducted in and its contractors Community approve of planning accordance with all recommendations contained in the shall incorporate Development project entitlements for required geotechnical investigation Mitigation Leasure recommendations Department design and the project or 4. -1 a). The Inve tigation rmust include an assessment from the construction issuance of of all potentially foreseeable seismically-induced geotechnical plans. building permit (s ground failures, inc liquefaction, san bolls, investigation (see lateral spreading and rapid settlement. Mitigation Ml -1 a, above) strategies must be designed for the site specific into project design conditions of the project and must be reviewed for and construction compliance with the guidelines of CGS Special plans. P 117 prior to incorporation into the project. Examples of passible strategies include edge containment structures (berms, diked sear walls, retaining structures, compacted soil zones), removal or treatment of liquefiable sails, soil modification, modification of site geometry, lowering the groundwater table, In-situ ground densification, deep foundations, reiinforced shallow foundations, and structural design that can accommodate predicted displacements. MM -3: The required geotechnical report for the Project Applicant City of Alameda Review and Prior to approval project Mitigation Leasure 4.G-1 a shall determine the and its Community approve of planning susceptibility of tine project site to settlement and contractor(s) shall Development project entitlements for prescribe appropriate engineering techniques for retain a registered Department design and the projector reducing its effects. where settlement crud /or geotechnical construction 'issuance of engineer to Boa tworks Reduced Density Arternatrve (18 2) Res Identlal Project 13 Mitigation MonitorIng and f epodng Program MMR Boat works ResIdential Project 1 Mitigation Monitoring Prograrn Monito Implementation Mo arid Monitorin Mitigation Measures Adopt as C of Procedures Res Re rtin Sc hedule Approval Action differential settlement is pre dicted, mitigation prescribe plans. building permits measures—such as lightweight fill, geofoam, mitigation s urcharging, wick drains, deep foundations, structural measures based sl hinged slabs, flexible utility connections, an d on the utility hangers could be used. These measures shall geotechn be evaluated and the most e ff ec tive, feasible, and Investig economical measures shall be recommended. Such measures Engineering recommendations shall be included in the shall be included project engineering and design plans, and be reviewed in the project and approved by a re geotechnical engineer. engineering and All construction activities and design criteria shall design plans, and comply with applicable cedes and requirements of the be reviewed and most recent California Building Code, and applicable approved by a City construction and grading ordinances. registered geotechnical engineer. s• r?.. '.s.. :r� 4. 'i 11' •r' M. t J S ■��.1■ ■.A .M Y M�' .T l.f} {.F r N� ,C'� .F,-• :1'xr +"4�Yti; 4 .'rt' ,r y}. 5h� t:i: 4' ?5. v .r- �k`•. sk.. �''-'W' -i: ,2,-,}tr kri =�r'� ,5.- fir, ,a sxf �l' t ;5 2 ,���5 ti� -L�' 4 1r 4 'l. 5Y'-'� St ,4i. S ^c sir .l r+i[„Ft .L ..q,, 4- ;'4. r.Y 4p. \l�, .i. ;r.{� �k�.:.,k.. .f {r. t .S.' 4 i...�tt" r ��i`.�5. ey9'r,. ..U '4'�, '.'�ti ^:r' r'4.:...� ♦3'A M hE -3: Are Integrated Pest Management. ement. Plan IPi I Project Applicant PDW Review and Prior to approval shall be prepared and implemented by the project and its approve IPI I. of open space applicant for all common landscaped areas. The iPIVI contractor(s) shall maintaince shall be prepared by a qualified professional and shall retain a qualified agreement or recommend methods of pest prevention and turf grass professional to subdivision management that use pesticides as a last resort in pest prepare and improvement control. Types a rates of fertilizer and pesticide implement an agreement. application s hall be specified. The IPM shall specify Integrated Best methods of avoiding runoff of pesticides and nitrates Management Plan into receiving storm drains and surface wateror IPM that adheres leaching into the shallow groundwater table. Pesticides to the shall be used only in response to a persistent pest specifications in problem that cannot be resolved by non pesticide this measure. measures. Preventative chemical use shall not be employed. Cultural and biological approaches to pest control shall be fully integrated into the IP Is, with an emphasis toward reducing pesticide application. MM H -4: The project applicant shall design and Project Applicant City of Alameda BD shall Prior to issuance the proposed seawall such that future adaptive and its and construct PDW San review firs al of con s t ruction management measures can be implemented to further contractor(s) shall Francisco Bay seawall permit. p rotect up land areas from potential rising sea levels. p p p g design and Conservation and n. design. g Prior to construction the final seawall design shall be construct seawall Development p reviewed by BCDC BCD and in accordance with current Commission guidelines regarding protection against sea level rise. I v ■J r� i� at 'f3 .f ,rif x' "+o-�:F: •.t ..'4. ES ''.5. �k M.al ...s. }t� C.Y *''cr_ u n.k I 5 �r� �3% ;rid ;S. d.l.. n ".�.'�J[: `i?�14 "K.I. x'f.. r. ^x'r s r ,.j.{ }fin Jia:.z .:SN- ''a�'>.;. �l. .a�' MM -'i a: Each structure proposed for demolition shall Project Applicant City of Alameda Review and Pr*I or to approval be assessed by qualified licensed contractors for the and its Community approve of improvement potential presence of lead -based paint or coatings, contractors shall Development ent assessment. plan. asbestos containing materials, and PCB- containing retain qualified Department equipment prior to issuance of a demolition permit. licensed contractors to assess structures for the potential presence of lead- ba paint or coatings, asbestos containin materials, and PCB- containing equipment. MM 1-1 b: If the assessment required by Mitigation Project Applicant City of Alameda Review and Prior to issuance Boat works ResIdential Project 1 Mitigation Monitoring Prograrn M itigallon monitoring and Deporting Program MMR Boatworks Reduced Density Alternative (18 2) Res Identlal Project 15 Monitoring Implementati Monitoring and Monito Mitigation Measures Adopted as Conditions of Procedures Responsibility Reporting Schedule Approval Action Measure 41 al finds presence of lead -based paint and its Community approve of demolition or asbestos, and /or PCBs, the p roject applicant shall contractors shall Development health and renovation create and implement a health and safety plan to create an D p safety Ian perm protect workers from risks assoc iated with hazardous implement a health materials during demolition or renova of affected and saf ety plain structures. MIA [4 If the assessment required by Mitigation Project Applicant C ity of Alameda review and prior to issuance Leasure 41 -1 a finds resence of lead -based paint, the and its Community app rove of demoli or project applicant shall implement a lead- develop p and ilm p contractor(s) shall Development lead-based renovation based pll'tt remo plan. The plan shall s pec ify, but develo and Department De paint removal permi not be limited to, the following elements for impl a lead plan implementaltion: baked paint removal plan that Develop a removal specification approved by a adheres to the Certified lead Project Designer. specifications of this measure Ensure that all removal workers are properly trained. Contain all work areas to prohibit off -site Imigratlon of p aint chip debris. Remove all peeling and stratified lead-based paint on building and non building surfaces to the degree necessary to safer and properly complete demolition activities according to recommendations of the survey. The demolition contractor shall b responsible for the proper containment and disposal i ntact lead -based paint on all equipment to be cut and /or removed during the demolition. Provide on -site personnel and area air monitoring during all removal activities to ensure that workers and the environment are adequately protected by the control measures used. Clean up an d/or vacuum paint chips with a high efficiency particulate air HE PA) filter. Collect, segregate, and profile waste for disposal determination. Properly dispose of all waste. MM 1-1d: If the assessment required by Mitigation Project applicant City of Alameda Review and Prior to issuance Measure 4.I -a finds asbestos, the project applicant and Its Community approve of demolition or shall ensure that asbestos abatement shall be contractor(s) shall Development asbestos renovation conducted by a licensed contractor prior to build retain a state- Department abatement permit. delmolition. Abatement of known or suspected A Ms certified asbestos plan shall occur prior to demolition or construction activities to develop and that would disturb those materials. Pursuant to an implement an asbestos abat plan developed by a state certified asbestos asbestos consultant and approved by the City, all abatement plan ACMs shall be removed and appropriately disposed of that adheres to the by a state certified asbestos contractor. specifications of this measure 11AM I-le: If the assessment required by Mitigation Project applicant City of Alameda Review Prior to issuance Mea 41-1 a finds P the proj applicant shall and its Community demolition of demolition or ensure that PCB abatement shall be conducted prior to contractor(s) shall Development plans for renovation building demolition or renovation. PCBs shall be retain a qualified Department inclusion of permit. r emoved by a qualified contractor and tralns in contractor to proper PCB Boatworks Reduced Density Alternative (18 2) Res Identlal Project 15 Mitigation Monitoring and Deporting Program MM RP Boatworks Resident al Project 1 Wigation Monitoring Program Monitorin Implementation Monitoring and (Monitoring Mitigation (Measures Adopted as Conditions of {Procedures Responsibility Reporting Schedule Approval Action accordance with Caltrans requirements. reimove and removal transport PCBs in accordance with this measure and altran requirements. MM 1-2a: The project applicant shall prepare a health Project applicant City of Alameda Review and Prior to issuance and safety plan, based on the site conditions and past and its Community approve of demolition or contaminant release history and rernedi Lion, by a contractor shall Development health and renovation licensed industrial hygienist. The health and safety plan retain a licensed Department safety plan permit. shall identify potential contaminants that may be industrial hygienist encountered, appropriate personal protective to prepare a health equipment, and worker safety procedures for spills and and safety plan accidents. that adheres to all specifications in this measure. 11JiM 1-2b: To reduce environmental risk associated Project applicant City of Alameda Review Prior to issuance with encountering contaminated soil discovered during and its Community grading, of grading and grading and construction, the project applicant shall contractors shall Development demolition demolition ensure that any suspected contaminated soil is handle and test Department and permits. stockpiled separately, sampled for hazardous material any suspected construction content, and disposed of in accordance with all contaminated soil plans for applicable state, federal, and local lags and in full adherence to inclusion of regulations. All contaminated soil determined to be the specifications contaminated hazardous or nor- hazardous waste shall have received of this measure soil all laboratory analyses for acceptable disposal as and in accordance guidelines required by the receiving facility before it can be with all applicable removed from the site. state, federal, and local laws and regulations MM i -o: Prior to issuance of any building or grading Project applicant City of Alameda Review Prior to issuance ppermits, any areas of identified contamination shall and its Community report of of building or have completed all (measures re Mired b A DEN contractor shall Develop) nt measures grad ing permits DTBC or RW B for site closure, and shall be certified complete all Department completed for residential use. Where necessry, additional measures required and remedialtion to permit residential use and occupancy of by A DEN, DT certification the project shall be accomplished by the project or RWQCB for site for residential applicant prior to issuance of any building or grading closure, and the use. plans. site shall be certified for residential use Boatworks Resident al Project 1 Wigation Monitoring Program Exhibit City Impact Fees Pursuant to section 3.3.2, the following impact fees will be collected prior to and as a condition of final inspection on each residential unit in the project: 1. Construction Improvement Tax (AMC Section 3 -62 2. Community Planning Fee