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HomeMy WebLinkAboutORD 348RECORDING REQUESTED BY AND WHEN RECORDED, MAIL TO: City Clerk's Office City of Palm Desert 73-510 Fred Waring DRive R Palm Desert, California 92260 FOR THE BENEFIT OF THE CITY OF FAIR DESERT !:0 FEE G ^ 8103 OF THE GOVT.. CODE rn - 00 U q 3 O cL < 3 Q ORDINANCE NO. 348 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF PALM DESERT, CALIFORNIA, APPROVING A DEVELOPMENT AGREEMENT RELATING TO TERMS AND CONDITIONS FOR THE MANAGEMENT AND FINANCING OF AN APPROVED 384 UNIT APARTMENT COMPLEX LOCATED EAST OF PALM VALLEY STORM CHANNEL BETWEEN PARKVIEW DRIVE AND FRED WARING DRIVE. CASE NO. DA 01-83 WHEREAS, the City Council of the City of Palm Desert, California, did on the 13 day of October, 1983, hold a duly noticed public hearing to consider a request by ONE QUAIL PLACE for approval of a development agreement specifying terms and conditions for the management and financing of an approved 384 unit apartment complex containing 77 "affordable units" located east of the Palm Valley Channel between Parkview Drive and Fred Waring Drive. WHEREAS, said application has complied with requirements of the "City of Palm Desert Procedures to Implement the California Environmental Quality Act, Resolution No. 80-8911, in that the director of environmental services had determined the project has been assessed in connection with previous approvals and no further documentation is deemed necessary. WHEREAS, at said public hearing, upon hearing and considering the testimony and arguments of all persons desiring to be heard, said City Council did find the following facts and reasons to exist to approve the development agreement. 1. The proposed development agreement is consistent with the General Plan, Zoning Ordinance and specifically implements policies contained within the Housing Element. 2. The proposed agreement will facilitate the production of housing affordable by low and moderate income households. The City Council of the City of Palm Desert, DOES HEREBY ORDAIN, as follows: 1. That the above recitations are true and correct and constitute the findings of the Council in this case. 2. That it does hereby approve DA 01-83 be adopted as described in Exhibit "A" for reasons set out in the staff report and this ordinance. PASSED, APPROVED and ADOPTED at a regular meeting of the Palm Desert City Council, held on this 27th day of October, 1983, by the following vote, to wit: AYES: JACKSON, KELLY, PULUQI, SNYDER, WILSON NOES: NONE ABSENT: NONE ABSTAIN: NONE ATTEST: SHEILA R. 94LLIGAN, qt City of Palfn Desert, Cafif /lr rACH DOCt,MEhTTOWHiCHTHISCERTIPfC`AITII` ATTACHrp,iSC�;l!`;EOT S�AF'Ifll 'lri.i;",R'r CoRRECT; r ,Yr-F PAEDPJ(%A :;INi t, RECO`?D IN IVY 0 ;t r ItHEILA f . (fLLILiAN, City tI;to, city of fiaim e9 ifwn?! s. 5:5.: a4+06a� ")( dk- I ORDINANCE NO. 348 00 W EXHIBIT "A" w1 ONE 9UAIL PLACE AFFORDABLE HOUSING DEVELOPMENT AGREEMENT This agreement, made as of this 27th day of October, 1983, between the City of Palm Desert, a California municipal corporation (hereinafter "CITY") and One Quail Place, a limited partnership, (hereinafter "DEVELOPER") provides: PAriiale 1. DEVELOPER is owner of certain real property located within the City of Palm Desert, California, which property is described in Exhibit A, attached hereto and made a part hereof (hereinafter "PROPERTY"). DEVELOPER has applied for and been granted a change of zone (C/Z 02-83) of PROPERTY to AHDPR-22 and approval of a precise plan (PP 07-83) to construct 384 residential rental units on the PROPERTY. 2. As a condition of said approvals, CITY has required that a specified number of units within Precise Plan 07-83 (hereinafter "PROJECT") would be set aside for low income occupants subject to restrictions necessary to insure the continued occupancy of said units by low income households. 3. DEVELOPER and CITY desire to further memorialize and implement the conditions of said approval and do hereby agree to the following terms and conditions. Agreement 1. DEVELOPER has been conditionally granted permission by the CITY to construct 384 rental residential units on the PROPERTY by Change of Zone 02-83, Ordinance 342, Precise Plan 07-83, and City Council Resolution No. 83-72. As a condition of said approvals DEVELOPER is required, and hereby agrees to reserve for rent 77 units for low income households. Hereinafter these 77 units shall be referred to as "AFFORDABLE UNITS". These AFFORDABLE UNITS shall consist of 31 one -bedroom one -bath, 15 two - bedroom one -bath, and 31 two -bedroom two bath units. 2. As used herein, "low income households" shall refer to families or individuals whose gross income does not exceed 80% of the Riverside County median income based upon financial and demographic information received from the United States Department of Housing and Community Development (HUD) or its successor agency. This information is contained in "Exhibit B" and shall be updated automatically as information is obtained from HUD. If in the future more relevant data is made available by the United States Bureau of Labor Statistics or other -2- 9" ORDINANCE NO. 348 C9 R officially recognized agencies, the applicant may request amendment of this t-1 agreement to include such data. 3. Rent for affordable units shall not exceed 30% of the gross income of low income households. One bedroom, one bath units shall be based on income figures for two person households; two bedroom, one bath, 3 person households; and, two bedroom, two bath, four person households, resulting in the following maximum initial rents. These rents shall be adjusted per Article 2 of this agreement. 1 bedroom 1 bath $401 2 bedroom 1 bath $451 2 bedroom 2 bath $502 The DEVELOPER may build the project in 3 phases provided that each phase contains at least 20% AFFORDABLE UNITS in the proportions specified by Article No. 1 and that each phase contains a complete circulation system. Recreational facilities shall also be provided along the same ratio as is present in the complete PROJECT. 4. The DEVELOPER or his 'assigned management agent shall be responsible for determining elgibility of prospective tenants. Prior to opening the project the DEVELOPER shall submit for approval a plan to the CITY describing the procedure for determining and enforcing eligibility requirements. This plan shall include annual qualification by all eligible households and a semi-annual audit at the DEVELOPERS cost by the CITY or its assigned agents determining compliance with all aspects of this agreement. 5. The DEVELOPER shall not discriminate on the basis of race, creed, sex, national origin, or age. The AFFORDABLE UNITS shall be equipped in the same fashion and their exterior shall be identical in quality and desirability as other units in the project. The AFFORDABLE UNITS shall be evenly dispersed throughout the project. The exact location of the AFFORDABLE UNITS shall be changed from time to time as vacancies permit. 6. The DEVELOPER shall maintain the quality of the buildings, grounds and recreation facilities consistent with their condition at the time of issuance of certificate of occupancy. The DEVELOPER shall post a $25,900 bond or other satisfactory security assuring the performance of any work the CITY feels is necessary to meet this requirement in a form satisfactory to the CITY. 7. As part of this AGREEMENT the CITY shall adopt an inducement resolution preparatory to the issuance of revenue bonds for the purpose of providing financing for the PROJECT. The DEVELOPER shall pay all initial legal and administrative costs of the bond program. These costs shall be reimbursed. when the bond sale -3- "I ORDINANCE NO. 348 C9 f; R occurs. M 8. The term of this agreement shall run for thirty years during which period 77 aforementioned AFFORDABLE UNITS shall be reserved for low income household. During the first ten years of this agreement the entire PROJECT shall be maintained as rental housing. Thereafter the DEVELOPER or his successor may apply to amend this agreement to allow condominium conversion. The DEVELOPER will be required to conform to all applicable zoning and building regulations. The amendment would include a program to maintain the availability of the AFFORDABLE UNITS for low income households throughout the remaining term of the agreement. 9. The provisions of this agreement shall run with, burden and bind the DEVELOPER and his successors. The provisions hereof shall be enforceable by appropriate legal action brought by the CITY. In the event legal action is brought to enforce any provision hereof, the prevailing party shall be entitled to reasonable attorney's fees together with other legally allowable costs. 10. This agreement shall be reviewed by the CITY planning commission every 6 months, at which time the applicant or his successor shall be required to demonstrate good faith compliance with the terms of the agreement. If as a result of this review, the commission finds and determines, on the basis of substantial evidence, that the applicant has not complied in good faith with terms or conditions of the agreement, it shall recommend to the city council that the agreement be modified or terminated. If the city council concurs with the planning commission recommendation the agreement shall be modified or terminated. Proceeding before the city council shall be a noticed public hearing. If at the time of the hearings substantial improvements have not yet occurred on the site, termination of the AGREEMENT will also involve revocation of all previous approvals and permits associated herewith and the zoning of the property shall revert to R-2 (6) S.P. If substantial improvements are already in place and modifications acceptable to the CITY cannot be negotiated then enforcement of provisions of this agreement shall be pursued through legal action per No. 9 of this AGREEMENT. 11. The AGREEMENT shall be construed according to the laws of the State of California. If any portion of the AGREEMENT is for any reason held to be unenforceable, such determination shall not affect the validity of the remaining port' s. ONE QUAIL PLACE OF ALM DESERT -4- ORDINANCE NO. 348 CD EXHIBIT "A" OF DEVELOPMENT AGREEMENT ni LEGAL'DESCRIPTION T4 That portion of the Southwest quarter of the Southeast quarter of Section 18, Township 5 South, Range 6 East, San Bernardino Base and Meridian, according to an official plat of said land filed in the District Land Office November 26, 1856, described as follows: f Beginning at the South line of said Section, South 89' 12' West, 660 feet from the Southwest corner of Palm Dell Estates, as shown by Map on file in Book 21 page 66 of Maps, Riverside County Records, being the Southwest corner of that certain parcel conveyed to Wiefels and Son by Deed recorded February 5, 1962, as Instrument No. 10987, in Book 3071, page 390 of Official Records; thence continuing South 890 12' West, 525 feet, more or less, on said South line to the Southeast corner of that certain parcel conveyed to the Coachella Valley County Water District by Deed recorded January 22, 1960 as Instrument No. 6187, in Book 2521, page 94 of Official Records; thence North 1253.19 feet on the East line of said parcel to the Southwest corner of that certain parcel conveyed to the County of Riverside by Deed recorded December 16, 1963 as Instrument No. 132567, in Book 3560, page 9 of Official Records; thence North 850 13' 34" East, 532.96 feet on the Southerly line of said Parcel to a point on the Westerly line of that certain parcel described as Parcel 3 in Deed to Penelope A. Rigby by Deed recorded November 28, 1961 as Instrument No. 101782, in Book 3027, page 335 of Official Records; thence South 000 06' 30" East 394.57 feet on the West line of said parcel to the Southwest corner thereof; thence North 890 15' East 330 feet on the South line of said Parcel and its Easterly extension to the Northwest corner of Parcel 1, described in said Deed to Rigby; thence South 00 06' 30" east 490 feet on the West line of said Parcel to the Northeast corner of that certain parcel conveyed to Wiefels and Son by Deed thereinabove referred to; thence south 890 12' West, 330 feet on the North line of said parcel to the Northwest corner thereof; thence South 000 06' 30" East 396 feet on the West line of said parcel to the point of beginning; Excepting therefrom that portion as described in the deed to the County of Riverside recorded December 21, 1964 as Instrument No. 151987. Said land is also situated in the City of Palm Desert. -5- W4 X C0 e-1 CQ ti ORDINANCE NO. 348 EXHIBIT "B" SECTION 8 INCOME LIMITSI March 1983 Persons in the Family Riverside/San Bernardino 1 Very Low Income $ 8,800 Other Low Income 14,050 2 Very Low Income 10,050 Other Low Income 16,050 3 Very Low Income 11,300 Other Low Income 18,050 4 Very Low Income 129550 Other Low Income 20,100 5 Very Low Income 13,550 Other Low Income 21,350 6 Very Low Income 14,550 Other Low Income 22,600 7 Very Low Income 15,550 Other Low Income 23,850 8 Very Low Income 16,550 Other Low Income 25,100 Definitions: Very Low Income: These are households with incomes that do not exceed 50% of the median family income for a four -person household. Persons with incomes below this amount are to be the principal beneficiaries of housing assistance programs. Other Low Income: Households with incomes above the Very Low Income limit but below 80% of the median family income for a four -person household. IThe HUD Income Limits were issued as of March 1, 1983. These Section 8 limits may be in effect for one or more years. 10 ASSIGNMENT, ASSUMPTION AND CONSENT AGREEMENT For value received, the Palm Desert Redevelopment Agency ("Assignor"), hereby assigns to the Housing Authority of the County of Riverside ("Assignee") all its right, duties, obligations, title, and interest of Assignor (as the 'Buyer") in and to the that certain Purchase and Sale Agreement and Joint Escrow Instructions ("the Contract") entered into by and between Assignor and Quail 384 Limited Partnership, a Nevada Limited Partnership on or about May 1, 1991. The Contract obligates Assignor to buy the 384 unit apartment development in the City of Palm Desert commonly known as One Quail Place for $23,900,000. A copy of the Contract is attached to this Assignment. Assignee hereby accepts such assignment and assumes and agrees to perform all duties and obligations of Assignor arising under the Contract, as if Assignee had been the original Buyer under the Contract, and hereby indemnifies, holds harmless and agrees to defend Assignor from all costs, losses, liabilities or expenses of Assignor arising under the Contract which are caused by acts or omissions of Assignee. Assignee shall reimburse Assignor upon the Close of Escrow in the sum of $300,000 on account of the $200,000 Initial Deposit described in Section 1.3:1 of the Contract and the $100,000 Increase of Deposit described in Section 1:3.2 of the Contract; provided, however, the $300,000 in total deposits and all interest accrued on such $300,000 in total deposits and due to Buyer under the Contract shall be refunded by Assignee to Assignor upon the Close of Escrow. Assignor shall fund the $100,000 Increase of Deposit due under Section 1.3.2 of the Contract if Assignee directs Assignor to fund said deposit when and if it becomes due under the Contract. If any term or provision of this Assignment is held invalid or unenforceable, the remainder of this Agreement and any application of the terms and provisions shall not be affected thereby, but shall remain valid and enforceable. This Assignment shall be governed by and construed in accordance with the laws of California. Executed at Palm Desert, California ,on May 31 , 1991. ASSIGNOR: ACCEPTED AND AGREED: PALM DESERT REDEVELOPMENT AGENCY Executive Direct r ASSIGNEE: HOUSING AUTHORITY OF THE COUNTY OF RIVERSIDE By: 4-y�J a. C/v.� Chairperson TT ST: ATTEST: 90cretary ,' SeFre a CONSENT TO ASSIGNMENT Quail 384 Limited Partnership, a Nevada Limited Partnership, hereby consents to the assignment of the Contract (defined above) to the Housing Authority of the County of Riverside. Quail 384 Limited Partnership hereby releases Assignor from and against any obligations and liabilities of the Buyer arising under the Contract, and agrees to look solely to the Assignee for performance of the Buyer's obligations under the Contract. Dated: QUAIL 384 LIMITED PARTNERSHIP, A Nevada limited partnership, By: ONE QUAIL PLACE, INC., a Nevada corporation, general partner By: Wayne L. Prim, Jr., President ORDINANCE NO. 348 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF PALM DESERT, CALIFORNIA, APPROVING A DEVELOPMENT AGREEMENT RELATING TO TERMS AND CONDITIONS FOR THE MANAGEMENT AND FINANCING OF AN APPROVED 384 UNIT APARTMENT COMPLEX LOCATED EAST OF PALM VALLEY STORM CHANNEL BETWEEN PARKVIEW DRIVE AND FRED WARING DRIVE. CASE NO. DA 01-83 WHEREAS, the City Council of the City of Palrn Desert, California, did on the 13 day of October, 1983, hold a duly noticed public hearing to consider a request by ONE QUAIL PLACE for approval of a development agreement specifying terms and conditions for the management and financing of an approved 384 unit apartment complex containing 77 "affordable units" located east of the Palm Valley Channel between Parkview Drive and Fred Waring Drive. WHEREAS, said application has complied with requirements of the "City of Palm Desert Proced-rres to Implement the California Environmental Quality Act, Resolution No. 80-89", in that the director of environmental services had determined the project has been assessed in connection with previous approvals and no further documentation is deemed necessary. WHEREAS, at said public hearing, upon hearing and considering the testimony and arguments of all persons desiring to be heard, said City Council did find the following facts and reasons to exist to approve the development agreement. 1. The proposed development agreement is consistent with the General Plan, Zoning Ordinance and specifically irnplernents policies contained within the Housing Element. 2. The proposed agreement will facilitate the production of housing affordable by low and moderate income households. The City Council of the City of Palm Desert, DOES HEREBY ORDAIN, as follows: 1. That the above recitations are true and correct and constitute the findings of the Council in this case. 2. That it does hereby approve DA 01-83 be adopted as described in Exhibit "A" for reasons set out in the staff report and this ordinance. PASSED, APPROVED and ADOPTED at a regular meeting of the Palm Desert City Council, held on this 27th day of October, 1983, by the following vote, to wit: AYES: JACKSON, KELLY, PULUQI, SNYDER, WILSON NOES: NONE ABSENT: NONE ABSTAIN: NONE ATTEST: M SHEILA R. OLLIGAN, C' y Cler City of Pan Desert, California /lr ORDINANCE NO. 348 EXHIBIT "A" ONE QUAIL PLACE AFFORDABLE HOUSING DEVELOPMENT AGREEMENT This agreement, made as of this 27th day of October, 1983, between the City of Palm Desert, a California municipal corporation (hereinafter "CITY") and One Quail Place, a limited partnership, (hereinafter "DEVELOPER") provides: Recitals 1. DEVELOPER is owner of certain real property located within the City of Palm Desert, California, which property is described in Exhibit A, attached hereto and made a part hereof (hereinafter "PROPERTY"). DEVELOPER has applied for and been granted a change of zone (C/Z 02-83) of PROPERTY to AHDPIZ-22 and approval of a precise plan (PP 07-83) to construct 384 residential rental units on the PROPERTY. 2. As a condition of said approvals, CITY has required that a specified number of units within Precise Plan 07-83 (hereinafter "PROJECT") would be set aside for low income occupants subject to restrictions necessary to insure the continued occupancy of said units by low income households. 3. DEVELOPER and CITY desire to further memorialize and implement the conditions of said approval and do hereby agree to the following terms and conditions. Agreement 1. DEVELOPER has been conditionally granted permission by the CITY to construct 384 rental residential units on the PROPERTY by Change of Zone 02-83, Ordinance 342, Precise Plan 07-83, and City Council Resolution No. 83-72. As a condition of said approvals DEVELOPER is required, and hereby agrees to reserve for rent 77 units for low income households. Hereinafter these 77 units shall be referred to as "AFFORDABLE UNITS". These AFFORDABLE UNITS shall consist of 31 one -bedroom one -bath, 15 two - bedroom one -bath, and 31 two-bedroorn two bath units. 2. As used herein, "low income households" shall refer to families or individuals whose gross income does not exceed 80% of the Riverside County median income based upon financial and demographic information received from the United States Department of Housing and Community Development (HUD) or its successor agency. This information is contained in "Exhibit B" and shall be updated automatically as information is obtained from HUD. If in the future more relevant data is made available by the United States Bureau of Labor Statistics or other -2- ORDINANCE NO. 348 officially recognized agencies, the applicant may request amendment of this agreement to include such data. 3. Rent for affordable units shall not exceed 30% of the gross income of low incorne households. One bedroom, one bath units shall be based on income figures for two person households; two bedroom, one bath, 3 person households; and, two bedroom, two bath, four person households, resulting in the following maximum initial rents. These rents shall be adjusted per Article 2 of this agreement. 1 bedroom 1 bath $401 2 bedroom 1 bath $451 2 bedroom 2 bath $502 The DEVELOPER may build the project in 3 phases provided that each phase contains at least 20% AFFORDABLE UNITS in the proportions specified by Article No. 1 and that each phase contains a complete circulation system. Recreational facilities shall also be provided along the same ratio as is present in the complete PROJECT. 4. The DEVELOPER or his assigned management agent shall be responsible for determining elgibility of prospective tenants. Prior to opening the project the DEVELOPER shall submit for approval a plan to the CITY describing the procedure for determining and enforcing eligibility requirements. This plan shall include annual qualification by all eligible households and a semi-annual audit at the DEVELOPERS cost by the CITY or its assigned agents determining compliance with all aspects of this agreement. 5. The DEVELOPER shall not discriminate on the basis of race, creed, sex, national origin, or age. The AFFORDABLE UNITS shall be equipped in the sarne fashion and their exterior shall be identical in quality and desirability as other units in the project. The AFFORDABLE UNITS shall be evenly dispersed throughout the project. The exact location of the AFFORDABLE UNITS shall be changed from time to time as vacancies permit. 6. The DEVELOPER shall maintain the quality of the buildings, grounds and recreation facilities consistent with their condition at the time of issuance of certificate of occupancy. The DEVELOPER shall post a $25,000 bond or other satisfactory security assuring the performance of any work the CITY feels is necessary to meet this requirement in a form satisfactory to the CITY. 7. As part of this AGREEMENT the CITY shall adopt an inducement resolution preparatory to the issuance of revenue bonds for the purpose of providing financing for the PROJECT. The DEVELOPER shall pay all initial legal and administrative costs of the bond program. These costs shall be reimbursed when the bond sale -3- ORDINANCE NO. 348 occurs. 8. The term of this agreement shall run for thirty years during which period 77 aforementioned AFFORDABLE UNITS shall be reserved for low income household. During the first ten years of this agreement the entire PROJECT shall be maintained as rental housing. Thereafter the DEVELOPER or his successor may apply to amend this agreement to allow condominium conversion. The DEVELOPER will be required to conform to all applicable zoning and building regulations. The amendment would include a program to maintain the availability of the AFFORDABLE UNITS for low income households throughout the remaining term of the agreement. 9. The provisions of this agreement shall run with, burden and bind the DEVELOPER and his successors. The provisions hereof shall be enforceable by appropriate legal action brought by the CITY. In the event legal action is brought to enforce any provision hereof, the prevailing party shall be entitled to reasonable attorney's fees together with other legally allowable costs. 10. This agreement shall be reviewed by the CITY planning commission every 6 months, at which time the applicant or his successor shall be required to demonstrate good faith compliance with the terms of the agreement. If as a result of this review, the commission finds and determines, on the basis of substantial evidence, that the applicant has not complied in good faith with terns or conditions of the agreement, it shall recommend to the city council that the agreement be modified or terminated. If the city council concurs with the planning commission recommendation the agreement shall be modified or terminated. Proceeding before the city council shall be a noticed public hearing. If at the time of the hearings substantial improvements have not yet occurred on the site, termination of the AGREEMENT will also involve revocation of all previous approvals and permits associated herewith and the zoning of the property shall revert to R-2 (6) S.P. If substantial improvements are already in place and modifications acceptable to the CITY cannot be negotiated then enforcement of provisions of this agreement shall be pursued through legal action per No. 9 of this AGREEMENT. 11. The AGREEMENT shall be construed according to the laws of the State of California. If any portion of the AGREEMENT is for any reason held to be unenforceable, such determination shall not affect the validity of the remaining ports s. ONE QUAIL PLACE CITY OF KALM DESERT -4- ORDINANCE NO. 348 EXHIBIT "A" OF DEVELOPMENT AGREEMENT LEGAL DESCRIPTION That portion of the Southwest quarter of the Southeast quarter of Section 18, Township 5 South, Range 6 East, San Bernardino Base and Meridian, according to an official plat of said land filed in the District Land Office November 26, 1856, described as follows: Beginning at the South line of said Section, South 890 12' West, 660 feet from the Southwest corner of Palm Dell Estates, as shown by Map on file in Book 21 page 66 of Maps, Riverside County Records, being the Southwest corner of that certain parcel conveyed to Wiefels and Son by Deed recorded February 5, 1962, as Instrument No. 10987, in Book 3071, page 390 of Official Records; thence continuing South 890 12' West, 525 feet, more or less, on said South line to the Southeast corner of that certain parcel conveyed to the Coachella Valley County Water District by Deed recorded January 22, 1960 as Instrument No. 6187, in Book 2521, page 94 of Official Records; thence North 1253.19 feet on the East line of said parcel to the Southwest corner of that certain parcel conveyed to the County of Riverside by Deed recorded December 16, 1963 as Instrument No. 132567, in Book 3560, page 9 of Official Records; thence North 850 13' 34" East, 532.96 feet on the Southerly line of said Parcel to a point on the Westerly line of that certain parcel described as Parcel 3 in Deed to Penelope A. Rigby by Deed recorded November 28, 1961 as Instrument No. 101782, in Book 3027, page 335 of Official Records; thence South 000 06' 30" East 394.57 feet on the West line of said parcel to the Southwest corner thereof; thence North 890 15' East 330 feet on the South line of said Parcel and its Easterly extension to the Northwest corner of Parcel 1, described in said Deed to Rigby; thence South 00 06' 30" east 490 feet on the West line of said Parcel to the Northeast corner of that certain parcel conveyed to Wiefels and Son by Deed thereinabove referred to; thence south 890 12' West, 330 feet on the North line of said parcel to the Northwest corner thereof; thence South 000 06' 30" East 396 feet on the West line of said parcel to the point of beginning; Excepting therefrom that portion as described in the deed to the County of Riverside recorded December 21, 1964 as Instrument No. 151987. Said land is also situated in the City of Palm Desert. -5- ORDINANCE NO. 348 EXHIBIT "B" SECTION 8 INCOME LIMITSI March 1983 Persons in the Family 1 Very Low Income Other Low Income 2 Very Low Income Other Low Income 3 Very Low Income Other Low Income 4 Very Low Income Other Low Income 5 Very Low Income Other Low Income 6 Very Low Income Other Low Income 7 Very Low Income Other Low Income 8 Very Low Income Other Low Income Definitions: Riverside/San Bernardino $ 8,800 14,050 10,050 16,050 11,300 18,050 12,550 20,100 13,550 21,350 14,550 22,600 15,550 23,850 16,550 25,100 Very Low Income: These are households with incomes that do not exceed 5096 of the median family income for a four -person household. Persons with incomes below this amount are to be the principal beneficiaries of housing assistance programs. Other Low Income: Households with incomes above the Very Low Income limit but below 80% of the median family income for a four -person household. IThe HUD Income Limits were issued as of March 1, 1983. These Section 8 limits may be in effect for one or more years. M