nochargeonthisdocument.docVIP

NO CHARGE ON THIS DOCUMENT FOR THE BENEFIT OF A STATE AGENCY FORMED BY THE CITY OF SAN DIEGO Recording Requested By And When Recorded Mail To: SAN DIEGO HOUSING COMMISSION 1122 Broadway, Suite 300 San Diego, CA 92101 Attn: Housing Rehabilitation MEMORANDUM OF AGREEMENT AFFECTING REAL PROPERTY PARTICIPATING IN A HUD LEAD PAINT HAZARD REMEDIATION GRANT WHEREAS , (hereinafter referred to as Grantee), is the owner of that residential rental property located at , (the Property), and more fully described as: SEE EXHIBIT A ATTACHED HERETO WHEREAS, the San Diego Housing Commission, (the Commission), has made a Conditional Grant (the Grant) in the amount of Dollars ($) to Grantee, upon certain terms and conditions; and WHEREAS, the Commission and Grantee desire to place the public on notice of this Grant. NOW THEREFORE, in the furtherance of the recitals stated above, the mutual covenants set forth below, the Commission and Grantee agree, promise and declare as follows: 1. Purpose. This Memorandum of Agreement (“MOA”) evidences a grant (“the Grant”) which is made in conjunction with the Commissions Lead Safe San Diego Program, funded by a U. S. Department of Housing and Urban Development (“HUD”) grant. The proceeds of the Grant shall be used only for the cost of lead-based paint reduction in rental units participating in the Lead Safe San Diego Program and which are located at the Property. 2. Grantees Representations and Warranties. This Grant is conditioned upon the following facts, which the Grantee represents and warrants are true: a. Grantee is the owner of the aforementioned Property, which is a residential rental property; b. The Property is located in the City of San Diego;  c. Grantee has provided Commission with evidences of eligibility showing that all tenants occupying the Property are Low Income Households, (“Low Income Household(s)” is defined as a household earning an income no greater than eighty percent (80%) of the Ar