HomeMy WebLinkAboutSale of Prop - APNs 624-440-006 and 624-440-008 CITY OF PALM DESERT /PALM DESERT HOUSING AUTHORITY
JOINT CONSIDERATION
STAFF REPORT
REQUEST: REQUEST FOR APPROVAL OF THE PROPOSED SALE OF THE
PROPERTIES LOCATED AT 42190 VERDIN LANE (APN 624-440-
006) AND 42218 VERDIN LANE (APN 624-440-008), PALM DESERT
(PURSUANT TO HEALTH AND SAFETY CODE SECTION 33433(c)).
SUBMITTED BY: Jessica Gonzales, Management Analyst - Housing
DATE: June 13, 2013
CONTENTS: Housing Authority Resolution No. HA-55
Draft Purchase and Sale Agreement
Recommendation
That the Authority Board,
1. Conduct a public hearing and accept testimony on the proposed sale of the
properties located at 42190 Verdin Lane (APN 624-440-006) and 42218 Verdin
Lane (APN 624-440-008), to qualified households of low or moderate income;
and
2. Following public testimony, close the public hearing, and request that the
Authority Board waive further reading and adopt Resolution No. HA-55
approving the sale of the properties pursuant to the attached draft Purchase and
Sale Agreement at the fair market value of$200,000 each.
By Minute Motion, that the City Council and Authority Board,
3. Approve silent homebuyer assistance loans in amounts that do not exceed
$80,000 in total for each homebuyer to ensure an affordable housing cost for a
qualified low or moderate income household from any available funding source
restricted for such purpose (BEGIN, Housing Mitigation, Agency/Housing
Authority program income); and
4. Authorize the payment of the transaction costs from the sale proceeds for the
purpose of repairs required for closing, fees customary to real estate transactions
in Riverside County including escrow, title, FHA fees, inspections, vermin
eradication, commissions and disclosures; and
5. Authorize the use of the Falcon Crest sales program and documents including
the restrictive covenant and loan documents for the applicable funding source, in
their substantial form; and
6. Authorize the Mayor, Authority's Chairman and/or Authority's Executive Director
or his designee to finalize and execute the Purchase and Sale Agreements and
any ancillary documents necessary to effectuate the sales and actions taken
herewith.
Resolution No. HA-55
Staff Report
Public Hearing APN (APN 624-440-006) and (APN 624-440-008)
June 13, 2013
Page 2 of 3
Backqround
On November 6, 2006, the City of Palm Desert ("City") and the former Palm Desert
Redevelopment Agency ("Agency") approved the initial sale of ninety-three (93) three and four
bedroom single-family homes located in the Falcon Crest Development ("Falcon CresY') to
households of low and moderate income.
Based on the previously approved restrictive covenant, when an owner decides to sell, staff
attempts to coordinate a direct sale from the owner to a new purchaser from a waitlist, however,
during 2010 and 2011 there were no eligible households on the waitlist for Falcon Crest.
Because of this, the Agency purchased most of the houses that became available for sale in
order to preserve the affordability covenant and the Agency's additional investments in the
home.
With the Governor's enactment of ABX1 26 and AB 1484 redevelopment agencies were
effectively eliminated on February 1, 2012. The legislation prohibited agencies from entering
into any new agreements, contracts, debts; loans, etc. which included the Agency's ability to
purchase any additional properties or to sell any of the homes that were acquired.
On February 9, 2012, the City adopted Resolution No. 2012-07 designating the Palm Desert
Housing Authority ("Housing Authority") as the successor housing entity for all housing activities
formerly completed by both the Agency and Housing Authority. On October 11, 2012, the
Housing Authority Board accepted the housing functions and assets transferred pursuant to
Resolution No. HA-47.
The Housing Authority is proposing to sell two (2) single-family residences located at 42190
Verdin Lane and 42218 Verdin Lane in the Falcon Crest Development (the "Property") to
qualified low or moderate income households.
Health and Safety Code Section 33433(c) provides that the requirements of subdivisions (a) and
(b) will not apply to the sale of a small housing project if the City Council adopts a resolution that
authorizes the sale of small housing projects pursuant to Section 33433(c). Pursuant to its
Resolution No. 03-34, adopted on April 10, 2003, the City Council authorized the Agency to sell
small housing projects pursuant to Section 33433(c). On March 14, 2013, the City Council
adopted Resolution No. 2013-11 authorizing the Authority to sell small housing projects
pursuant to Health and Safety Code Section 33433(c) as the successor to the former Agency's
housing functions and assets.
The properties meet the definition of a small housing project in that the Housing Authority will
only sell the properties to qualified households (including persons or families) of low or
moderate incomes.
Section 33433(c) requires that a public hearing be held on the proposed sale pursuant to Health
and Safety Code Section 33431. Pursuant to Section 33431, notice of a public hearing on the
proposed sale of the properties was published once a week for two successive weeks in the
Desert Sun.
When a qualified buyer is identified for each of the homes, the draft Purchase and Sale
Agreement ("Agreement") will be modified based on the terms of the sale agreed upon.
G:IHOUSING1Jessica GonzaleslPROGRAMSV+GENCY FOR-SALEIPUBLIC HEARINGSIHA-City 33433(c)Public Hearing FC Lots 56 8 58 Mtg oi 6-13-13.doc
Resolution No. HA - 55
Staff Report
Public Hearing APN (APN 624-440-006) and (APN 624-440-008)
June 13, 2013
Page 3 of 3
In addition, and in order to ensure an affordable housing cost, the Housing Authority and City
will need to provide deferred down-payment assistance loans. The loan terms will be consistent
with the City's BEGIN Loan Program and the Falcon Crest Sales Program. The actual amount
and funding source of the Housing Authority and/or City assistance loans will vary for each
transaction and will depend on the quatifying income and buyer criteria. The combined loans will
not exceed $80,000 per household which is the same amount of the original sales program.
Staff recommends that (i) the Housing Authority Board, hold a public hearing on the proposed
sale of the properties and approve the sale of the properties to qualified households pursuant to
the terms of the Purchase and Sale Agreement presented to the Housing Authority at this
meeting and (ii) that both the City Council and Authority Board approve silent homebuyer
assistance loans for each home not to exceed $80,000 per household to ensure an affordable
housing cost from any available funding source restricted for such purpose.
Fiscal Analvsis
The fiscal impact will be the cost differential from the former Agency's cost of each of the
properties to the newly negotiated sales price, the costs of the transaction, and the amount of
the assistance loans from the various sources. Each sale will reduce the monthly costs
associated with maintaining the inventory.
Submitted by: Department Head:
Jessi Gonzales, Mana em t Analyst- Housing ane M. Moore, Director of Housing
CITY COUNCILAC' t'�N
Fina epartment: pPPROVED -.—.-DENIED
' RE��D�i, "�'�'��T_0�R
.......��_ ,�.,.� - -
MEET G DA ' �� �
aul Gibson, Director of Finance AI,E�� ' �' �ni
NQES:
ABSENTt � -
A pr val: pBSTAINs
� VERIFIED BY:
Original on File wit6 City rk'a Office
M. Wohlmuth, City Manager/Executive Director
BY HOUSG AUTH
��� � ����� ��
VEIRIFIED BY: /�
f�riginal on fil� with City' erk's Office
G:IHOUSINGIJessica GonzaleslPROGRAMS�AGENCY FOR-SALEIPUBLIC HEARINGSIHA-Ciry 33433(c)Public Hearing FC Lofs 56 8 58 Mtg of 6-13-13.doc
RESOLUTION NO. HA -55
A RESOLUTION OF THE PALM DESERT HOUSING AUTHORITY
APPROVING A RESIDENTIAL PURCHASE AND SALE AGREEMENT
PURSUANT TO HEALTH AND SAFETY CODE SECTION 33433(c)
THE PALM DESERT HOUSING AUTHORITY HEREBY FINDS,
DETERMINES, RESOLVES AND ORDERS AS FOLLOWS:
Section 1. On April 13, 2006 the City of Palm Desert ("City") and the former Palm
Desert Redevelopment Agency("Agency") approved the Falcon Crest Sales Program and
jointly held a public hearing on November 6, 2006, approving the initial sale of the 93
single-family homes located in the Falcon Crest Development("Falcon Crest") in the City of
Palm Desert to qualifying households of low or moderate income pursuant to Resolution
No. 535 and 06-145.
Section 2. Pursuant to Health and Safety Code Section 34175(b), on February 1,
2012, all assets, properties, contracts, leases, books and records, buildings, and
equipment of the Agency transferred to the control of the Successor Agency to the Palm
Desert Redevelopment Agency (the "Successor Agency") by operation of law including
housing assets.
Section 3. Pursuant to Health and Safety Code Section 34176(b), on February 9,
2012, the City adopted Resolution No. 2012-07 designating the Palm Desert Housing
Authority(the"Housing Authority") as the successor housing entity for all housing activities
formerly completed by both the Agency and the Housing Authority.
Section 4. On October 11, 2012, the Housing Authority Board accepted the housing
functions and assets transferred pursuant to Resolution No. HA-47.
Section 5. The Housing Authority owns two single-family residential properties
located at 42190 Verdin Lane and 42218 Verdin Lane in the City of Palm Desert, California
(the "Properties"). The Housing Authority proposes to sell each of the Properties to two
qualifying households of low or moderate income pursuant to the draft purchase and sale
agreement (the "Agreement") and the Falcon Crest Sales Program, presented to the
Housing Authority at this meeting and now on file in the offices of the Housing Authority
Secretary and City Clerk of the City of Palm Desert.
Section 6. Resolution No. 03-34 of the City Council authorized the Agency to sell or
lease a "small housing project" as that term is defined in Health and Safety Code Section
33013, pursuant to Health and Safety Code Section 33433(c).
Section 7. By its Resolution No. 2013-11, the City Council confirmed that the
authorization for the former Agency to sell small housing projects pursuant to Health and
Safety Code Section 33433(c)transferred to the Housing Authority as the successor to the
former Agency's housing functions and assets.
-1-
12812-0001\1528710V2.dOC G UiOUSINGLIeseice GonzeleslPROGRAMS'�AGENCY FOR-SALEIPUBLIC HEARINGSIHA Raw Approoing seb ot emell�ousinp propct FC Lots 56 8 58 Mlp of 6-13-13.dac
RESOLUTION NO. HA - 55
Section 8. Following notice duly given, the Housing Authority has held a full and fair
public hearing on the sale by the Housing Authority of the Property pursuant to Health and
Safety Code Section 33431. The Housing Authority has made available to the public
through the office of the City Clerk a copy of the Agreement prior to the public hearing.
Section 9. The Housing Authority hereby finds and determines that the Properties
qualify as a "small housing project" as that term is defined in Health and Safety Code
33013.
Section 10. The City and the Housing Authority hereby approves the Agreement
and the Housing Authority Executive Director ("Executive Director") is hereby authorized
and directed, for and in the name and on behalf of the Housing Authority, to finalize,
execute and deliver the Agreement in substantially the form on file with the Housing
Authority Secretary and the City Clerk and presented at this meeting, with such additions
thereto or changes or insertions therein as may be approved by the Executive Director
(such approval to be conclusively evidenced by such execution and delivery).
Section 11. The officers of the Housing Authority are hereby authorized and
directed,jointly and severally, to execute and deliver any and all necessary documents and
instruments and to do all things which they may deem necessary or proper in order to
effectuate the purposes of this Resolution and the transaction contemplated hereby; and
any such actions previously taken by such officers are hereby ratified, confirmed and
approved.
PASSED, APPROVED AND ADOPTED this 13TH day of JUNE 2013 by the
following vote, to wit:
AYES:
NOES:
ABSENT:
ABSTAIN:
JAN C HARNIK, CHAIRMAN
ATTEST:
RACHELLE D. KLASSEN, SECRETARY
PALM DESERT HOUSING AUTHORITY
-2-
12812-0001\1528710v2.doc G:IHOUSINGUeseka GonzelealPROGRAMSl4GENCV FOR-SALEIPUBLIC HEARINGSIHA Reso Approvinp sele ol ameB housinp propd FC Lols 56 8 58 Mlg of 6-13-13 doc
NOTICE OF A PUBLIC HEARING
OF THE CITY OF PALM DESERT AND THE PALM DESERT HOUSING
� AUTHORITY REGARDING THE PROPOSED APPROVAL OF A RESIDENTIAL
PURCHASE AND SALE AGREEMENT
NOTICE IS HEREBY GIVEN that the Palm Desert Housing Authority (the
"Authority') will hold a Pubiic Hearing to consider the approval of the DRAFT
Residential Purchase and Sale Agreements (the Purchase and Sale
.,
Agreements°) by and between the Authority, as seller, and a person or family of
low or moderate income, as buyer. The Purchase and Sale Agreements pertain
to two (2) single-family residences owned by the Authority located at 42190
Verdin Lane and 42218 Verdin Lane, Palm Desert, CA 92260.
A copy of the Purchase and Sale Agreements are available for public inspection
and copying at a cost not to exceed the cost of duplication, at the Office of the
City Clerk, 73-510 Fred Waring Drive, Palm Desert, Califomia 92260.
Said Public Hearing will be held as follows:
DATE: Thursday, June 13, 2013
TIME: 4:00 P.M.
PLACE: City of Palm Desert
Council Chambers—City Hall
73-510 Fred Waring Drive
Palm Desert, Califomia 92260
All interested persons wishing to be heard on the matter may be present and be
heard. Any written communications ,should be addressed to the Authority
Secretary, 73-510 Fred Waring Drive, Palm Desert, Califomia 92260.
Dated: May 28, 2013
R chelle D. Klassen, cretary
Palm Desert Housing Authority
C:�ppoumsnts and Setqngs�pmaNnez�Loeel SeltlngslTemporary IntemM FIIes�COMenLOutlodc\1�UONBGIWoUco ot PubHc Hsarinp FC Lds 5858 Mtg of 613-13.doc
DRAFT FDR DISCUSSION
CAL��ORNNtA
�� c: a i. ► f��3 t� N r a RESI�E�+fiT1Af.PURCHAS�AGRE�IIE�I"'f
� A s s c�c �a T �r�t� AAfD JO�i�iTT ESCROYV IN3TRlJCT1ONS
C]f tt E?� L T�1i S' For Uss With 81npi�Fmr�►R�sttMrMai Prop�rty--A�reMd or pofaelwd
{CAR.F�en RPJaCA,Rwisld�J10)
UaQe atav a3. 1D13
1. OFFiEit:
� �S��,���M A qualified 2ow or moa�ra te inoome buyer �j"BUyB�").
B, THE R�AL PRdP�+Rri TO�E AlAIJIRED�s des�ed ss ve n Larse or va�r m Lant
,Aass�'s Pars:sl Nko. - - or a�md in
pa2� L�r�st .{;ourriyot Rivrrwids �Ca�lamis.;'PnoPmrry'�•
C. 71�FE WU'RCHASE�R1t�oflanfd�6 T+va Sundrtrl Shcntsand DoZ2ats
�pp�; 200,OQO.00 �
0. CLOSE OF E8CROW att�!oCcw cn 60 dapa or soaner from aocaePtance {dat9}(or'Q Wy�Afte�A�x��•
2. AGENCY:
A. QISCLOSUitE 8uyer and 3eGer each ackrww+led�e Pri� r�mipi of a `Di�e Rayardiny Re�d Est�e Agen�Y ReMionahips»
(C.A.R.Fortn AD).
8. POTEMIAtLY COIMPEdfNG 8t�'YERS AN� 8ELLER8: Buy►at �! Salf�r oach aGa►owledDe rec�t of a diadosure af the possibiNly af
r�w�le reptseardaHots b!'�'rs Broke�r �sn�Ht�Q tt�t PN�1. Th��+rs r+�+ba pari�a �ng �r�nt b��
agreernent at sepereie dncur�ertt{C.P,.R. Fatm DA). 8uyef+►�ratan�Ma�6E 8ta�cer're�dn0 Btyer maY abO ro�o��►pi°�1�
buya►s,wha msy coe�idar, maka oM4�ts tm ar uNhn�aly ar�quke!he Property. SaNer unders�ande!ha!8mker repreeenNr+p Selier may also
ro�,r��r+e a►�er a�s w�oomp�+rrw rxaper�s a���o t�euyar.
C. CONFIIWATI01�Tha�agu�qr�stdps�e here0y�fa�kar�ecticn:
��0�� (PrUd Fkm hfame)�the sgaM
of(cMsdc nne�:Q qie Seqer e�usNaN;ar Q tro6�Iha 8uy�r aand SeN�er-
-T'SD (Fhhlt Fi1m N�fe)(it n01 t1Ye Seme 6!IF1e
��,�}��ne a�a�chedc onek p tt�e euyar mad+�weN;a 01F+e Se�er a�iumsty,w Q both !he Buyer snd Selter. Reai Esmte
9rokers are rrpt p�ies 10 tl►e I►oFeen�ent bet�rrsen 8uyer and st�.
a. FtNANCE TER�RS:Huysr roprereMs that turids wYi be�d when d�d vailh Eaaow F�der.
A. II�RIAL OEPQB�T:t1ePaN�ep tse tn tt�arr�ount d............................. .....................S rer
{1j Buyer ahaN dsNver dsposit dMeCtlY�Escrow Hdd�r by p�t�cx�al chack. ❑abclror�ic fvnds tranafer.[] D�er
wi�itt 7 businsaa d�jrs sAer acce�snou(+or Q tllher ?�
�i�t�d7e�}C1��9�^��bY P��ei ct,ad�(or Q )
ta�he aper�t s�Un9 ttw offer tor to p 1,
t119d8 p9Yabi�to .?hs dEp0elt 6he11 h6 ileld
uncaahed wkil Acc�na ar�d tfien d�wW►E�ctaw HWdw(or ❑kd� 8rake�'s Irusl account) wi1Mn 3
busMess days afCer Aoceplance(w Q Olt�r �•
9. INCRE/►SED DEP08Cf:Btryx�I depoN!wiU►Eacmw Holdet en f�rsased d�in ths�otud of...........S
wflhin �ays A�er�.a�
�t a dquldsted da�r�apes ctause ie inco�pora�d tMo ads a�sarrwra. euyer ana se�ler sha8 �p, a aepara�e
��y,raa�ed d�as�e tc�►.R.rorm�o�tor a�y�v��a a.�t a r,e wne��ae�nea-
c. �awts�:
(t) RRBT LOAW:�tl�e artaurd ot.................................................................S TBD
Th� loan w� be comrenUonel tinancM�p or� � ehedced, ❑FIiA�Q VA, O SeAe�(CAR. Form SFAI,
�aesumec!flr�mdng�GA.R.Fortn PAA� �Otl� .ThIs ben ahetl be el a Axed
rate no110 exc�d 96 or,Q an adjwtabis tale ban wqh initld tate not b exceed�,.,. %.
Rsp�d�eas a tt�e iyps d losn.6uysr shaM pay poirrts na 10 exceea 9f�o(n�e k�a�rwunL
f2?�SeCflFlo l.oAl�t:h►tne an►oird ot................. ..,.... .................S reD
rn�a�w���r���,K�n�ea, Q SaNer(C.A.R.Farm SFA}, 'p�wrwd+�$��
(CAR.Form PAA). �Olher Se� 3.D .Thla bsn shaN bs st e�xad re�g no!to ax000d
7�or.O an aajurtabb r��Ioan,�ilh InNia1 ate noc to exceea 9i.►iegardess af
Uis lyps oi loen,Buysr 8ha11 pey pok+ta�wl t4 exceed �6 of 1he bsn mrraust.
f 3) FHAIYA:For a�ry FHA or VA ban ape�sd sbove.Buy�r has/7{w j] )Days Men'AccePtanoe
4o DeNver to Safkr written notic� tCAR, Form FYA)d anyr tenclat-rstiuirad ►�airs or e�sis lAet Buyet
req�SeNer ks p.y for or Tspair.Ssller hss no obNgsfion ia psy tor repedrs or t�+ler�r roquiratianfa
unlas�otFw�a aproed 1n w�rfp•
b. ADdR10NAL FlNANGNl3 TER�A.�': g� Drs+s* Q i.;�(t•,�^ �1at�ozf tv Ld Citv af Ba1m
+�rt iv a+v� dewn icays�t uaistanco ,��� �+*or �Yffias.
E. BALANC�Qf PSIRCF1119f PRiCfr I�R DOWN PA'YMENT:N�tlw�mount of................................S
b!�e dep�ed wi�Esc7ow�r�+riMin sul�dent�drne�doss aa�cr+ow.
f. PIiRCWASE PR10E tTOTAy: ............................ ....,....................,....... .....S S2ao,o00.o0
Buy�'s lnitlsta{ )t ) 5sti�s ir�lt�s( )t 7 �
ini wpyr�hl Rew�ab tlyr Untrd�Irrs t►!Ih 171�.8.ibd+)ia0�d uw w�yihaind Mprad�+e111us iarm,ar
C�amyrF�alf�lOt99t•�l0,.�L �qFORNAi18l6CNT1dM���NC.�R�i?B�ERVED�L Oalip�A
RPA-CA R�ViSEfl�1!'10(PAtiE 1 OF 8� �� �°
CAUFORI�NA RESIOENT�AL P�Ct1A$E AliREElll�t�f'T{RAA,�CA PAGE i OF!y
py�; Phonr. Fs�c: Propend w4�p slpFonn�soflwarr
Broker.
DRAFT F'QR D2SCt7SSI+C)N
����: 42I90 Ve►xdin Lar�e or a�a3e verain .Latte �yB: �� ,�3j 2013
�3. V�RlFlCA7iaf1 O�DOMN�I3�A'XMENT AND�tOBli�0�3 COST$:Buyer(�B�'s dender+ar h�er►brakar ptpstmttllo 3�1j�aMiaB�wlWn 7{or
O )o.ys naar,+4oceptance. oer+rer s�se�r�+v�kabon oi anyars rlawa,payment and d�i,�y cmas.(?f checkea,O
verifit�iodn at�at�.he�J
H. lOAlV TE�:
�(1) lW1�l APPUCA�IOAIS:WilhFn 7�ot Q 1�ays Af�r AsxaapGsrxs.9uyer ahaN OatFiret to Ss�4ar a krlb�r tmm hmder or�n
broicar a1aMn0�t bssed on a ravdeMr o(Buyers v�rrN�er►appiica�mn a�c�it rapont.8uysr is prequal{Rrd or p�ao ior amr wEw lesn
a�Asd in 3C aborrai.;lt c�csd,'Q isller�ttsel�l.)
i2� �a c�onrn�o�r:�ryer sr►�arx�ereay�rna�n�ood�ant,�o�n n�des��rted�oa�e{s'.oe��r►a�s>ayer�r.a abova
as a eord9n�r oi this J�preement�oU�sarvfse a�yn�d ha+w�np.�uy�ts�I ohtllp�ns 2m ob1aY+and prc�tds d�.�a�ls�rioa
ot dowvo peyrrienl and dasiriy�err af�l s.ar�ln�nel�oi ltWs Ay�an1.
�a� �o�w c+�rrwaa+cir a�ov�:
�1� WMHn 17(a'O 1�Y+�►Acoapiance.8uyer at�tl.as sperlNed in per+�groph 14,in w�ing remowe ttie ban contlnB�Y
or t�rum!ltde A�^aetnenl:
OR{p) (if chadced} [a ttre loan cotfiiltpency st1a8 rutr►sin ke efled�Nxe de�pnale�a to�t�ara tut�dad.
(Ay�t+�tOAN GONTtNGENCY(K checked):Obta'uNrp sny tvan sPaciled above is lJDT s��k�enCy oi th9s AQnetr+atN.If Buya doea tad
oblah 1!w lorn�d as a�ssulf Br�ye�does�oE pur�chese!he Praperty.Sefier may ha�Wq�d b Buysr��dspoei!or olher le�!tomedles.
!. APPNAI8AL CGMtrNrIt�EMC1/ANb REMD1�At»This�,preartrertt�(or.H e:Ir�oWed,0 la t�?'n cordkqeM u�On s v,�len eppraraai of 1he Property
by a I�cer�e4d or cx�lkd apprelesr at rw�saa th�r ihe sPed6ed Pcrcci�se Prbce. If 1ha�e!a a Innn��ncy,Suyer's nemovei af tf�losn
contlngsncy,trett bs deerneri removai d tt�ia app�aisnl�t{or.[�if checked�Buyar�eq.a t�dAsd In pa�n�ph 1�8(3),in w�fluop
remawe fhe appraiest con5e�yency of�tF�s 14�traatnerrq wilhin ty(ot )da�s Mer Aacspt�rxe).if q�ere ie no toan con�ngsncY,
euyer steall,as spsct�(i�ed tn parag�h�4B(3�.in wrfi�p rsmave the app�aisal csontkspar�cy or canoal�ia Jlpreem�d wi�(n 17 fior )
����.
J. (�ALl CASH OF�ER ilt checM.ed}:Buyer�,+�dtldn?f or❑ ?Dsys Mter Acceptance. Dethrer�SaNar vrttden varitkatian of
sufR�fent 6unds ta daas tlti�lransadku►.{N c�hedced, Q vsttRcation att�tl�ad.)
K. BUYEIi STATED FtNANGYNG: Seilet tura tsMed on Buyers r�ntal�n of the type oi fl�anch�A�ed(tnd�firyp buf rwt tlmltad bo,as
applicab�s,rmount ad dcwr►p�yment,�ot non ca�tingenl bwi,or sY cesh).R 8uysr seeics alEama�Nnerw�p.(i)3sAer Res no ob�dion
to caa�pmete wPon Buyer'd efForts to�sucfi fa�atcctng.arui(M)8uyer eh�Nl aisa purwa d�e Anandnp melhod sAeckied in pds Ayreemer+l.
Buya'�ta�ue W seiaue�emate financing does mN e�uae Buyrer troen tha obll�ion to purchess t�e Properiy a�nd doea�craw�spedNed in
tFds Aproament.
4. ALtQGA?idH OF COSTS jtf d�edcad):Urdass otner�wisa apeclfied k�rwling.thls p�yreph a�iy detemstnas wha ts 10 pay Ior M�e inspectlon.tast or
soevl�dP('F�at')rt�+qor►ed«It do�not dr�rmitn�+o!s�pa�y fa�r arsy vwult r�umar�d or tdantiNrd In!M R�orf.
A. INSPE!CTIOVMB ANt1 REPORTB:
(1�[�BuYe►�SNia ldt�i pay for an Ntspection afld repoA Co�MrOod destra9�9 P�� a9a^�� C� ��sp�1")PrePaTe�bY
Srl2�zs t�o:la� s re�sbered�pM oon4d oomparry.
(zy O auy�p s�r�a�y c�►�e s�����:�d�os�s��a,�ea m,d��a
r�1 p��s.��na��y���w��a ro►,�vo+�e�y�a a�o�
(��Suyar�SYpix Sheq pay!or a flMurel heZpld ZOn6 d�lu+s rsport prep�rmd bY B3re t J4arric�t► os 33s32ar
(a1�aw�O seee�snsu Per ro�u,�ra�ow+�e���
t�1 O�O s��►►Pan+���+e���a«�
8. GOYERI�NIENT REf�UIREMENTB AND R�7ROFlT:
t�)C]�la'I seNer srwa pa�r ror smace datecbr r�euon arKilor wafer nea»r bracd+g.��requrea Dy�aw.Prtor tc aoae ot Escrow.seuer
shaN pnovide B�Ner vrtinert staNrt�snt(s)o/c�o+riplianoa fn scr�r0snce wltl►atate and lacal Law,untess exempt.
{1�O BuYer O SdiK eNan pey tt+e oasl ot cornpNance wNh e�oq�er mlNmum+mnderory govemment reaulitt standaros, inspecdons end
repOrts�re�ired as a t�ndNion of c�1p eecrow und�anY Law.
C. ESCR0IN AI�T1TlE:
(1��BuYar�SeYer shell pay esCr�w fee�rt, t� nav histhor esae
ESC�OW HOlds�lhYW be tns�a�e+'����`���rnr
t�O e��s�:r,en�y ro►o�..�w�a,���ucy.�nse x,���p►�a.�
Ova+ers tltla v�CY to be isausd by��,�, �.r��an c i ciw
(BWqr ahed pay for eny�e insura�e f�olwj'�sain6 BuNera Iu�dK.unlnss ott►eivvme apraed in vKitlngJ
0. OTFlER COS78:
t1)Q 8uyer Q�seaer ahen pe�y couMy transru tax a fee
(21�BuY�0 Seper shap PeY CRY transtar fex or iss
I3�I��Yn O Sepst shaN pay MomeaMma�s A�oCisdon("FIOA)trensfer tee
(y�8iryar(�Sellet slmM pey HOA Qocument proparatlon fees 1Rs2etad F�s
(S)Q 8�ryer�SeMer shstl pay fOt any Private 4anefer fee
(61 0 Buyer�Selar sheN pay�e c�ai,not b ezceed 3 3Stl.00 ,cf s oneryear home warranty pltn,
ismued ts�l�mrri can ltame Shi,�Zd �wi�She fo0bwitlg Ap1bn91 covetsp�:
�Air c�ardiGvner�Paot�Spa p+Coeia and wm�i upgrade �o�et:,�nli.nc.r
8uyer!�irrioe,rEed ttui taarre,Marrarnv qr�s t�s+r�r opti�i caverepes hi adt�Uor�tu�,ose�ied�aDn,�a.Buyer ts adwised 10 iw+resripete
4t�aa+s o�veraDes M delam�dno lho�se t1M�1 msy be suH�blO iot�uyar.
(7)�Sf�ysr 0 Sallai sh�31 pey tar
�6��B�y��S�r slpdi pp�yy tor
Buyera Ir�i4sis( )i � SeNers Mniela i )t ) �
CapyrtpM O 19it-2Q10.CALlFORNYI A850CIANON OF R&AI.TOR801NC
a�a�c�►aevisEa a�o{Pnc�2 0�a� �e ar ow �,.�.rr
CAUFORMA RE$YDENTIAL PURCMA8E AGREEMENT iRPA-CA PAGE Y�F 8j �38eD 81u�ebnr
DRAFT F�OR DISCUSSION
Pro�Ye9'ty AddfeSS: 42i90 Verdin Lan� or 42228 Verdin Lane ��Te;
b. CLOS91�1(i ANQ POS8E8SION:
A. 8uy�gr'irriends sor Q daes nat mt�d)to acwpy the Prape�ty as Buyer's�imary�es�dence.
S. Se!!et-oecup0ed c'�'vacan4 propert►�.Possessaon shall be delrvered to Buyer at 5 PM or((] �AM[]PM),on ttie dete of Ctose
Of Escrow, []on ;or[�no tatet thaa� Days After Clase OP Escrouv !f transfer of tiiie
an�1 possess+an do�oi occur at the same tlme,Buysr ar�d Seife�are advised Co (i�enter�ntn a written occupancy agreement{C A R Farm PAA,
paragraph 2),and{ii)consuft with their insurance and Iegal adviso�s.
G Tenant-otxu�ed propetty+:
(i)Pra�arty shall he vaca�t et►east b(or � )[iays Prior to Close Df EscrvMr.unles:4 othen»se agreed Fn wnbng.P1ote!o S�f�et:
It yaw a�e unable to delhrer Property vaeant in aaaordar�with reat+�rontrol a+�d athes ag�Uca�r4e Lasr+r,You rnay be in breacte ot tl�3s
l4qra��ent
CfR jfi)(if ct�ecket)�Tenant W rama8n in possessian.tC AR Farm PAq paragraph 3)
�. At Clase At Esctaw,�i)SeUer ass�gns!o Bi+yer any ass�gnalale warranry rignts for itams►ncii►ded�n ihe sale,and(if�Seller shall Dehver to Buyer
available Caqes af warzanties.Brnkers cannW and Niii not detertrnne th�assignalvlity of arry warrarrties.
E. At Close Qf Escraw, untess atiierwise agreed in wriUng.5eller shal(pravide t�eys andloq mesns to operafe a11 locks,mailboxes,security systems,
atam�s and garage door openers. If Property is a candom�n+um or located in a cammon irrte�est subdivts�on, $uyar may be requ�red to pay a
deposit to the Hnmeowners'Asscx�aGan("HOA")to abtain keys to acces�iMe NOA faci1ibes.
g, STATUTORY D13CLOSURES(INCLUDItVG LEAO-BA3EQ PAINT HAZARD DtBCLOSURES}AND CANCELLATIQh!RtGHT8:
A. (1) 5e11er shall,w�thin the bme specified+n parag�ap"�14A,C7eliver to Buyer,if required by Law:(ij Federal Lead-5ased Pemt Discl�ures(C.�0.R
Form FLD}end pamphlet("Lead asdosures");and(li}disclesures a�notices reqw'ed by sectiorrs�1Q2 et seq.and 1103 et seq of the C+vil
Cnde ("Statutory Disciosures") Staiutary Disdosures Inciude, but are not hmited ta, a Real Estate Transfer Disdosure StatemeM("TDS"),
Natural Haxard Disciasure 5tatement("NHD"), �oGce or actual knowl�dge of retease of iilegat controlled subst�nce, natice of spea7f tax
andlo►assessments(or,if aHowed,substandal(y equivalertt notice regarding the Melio-i2oos Community Fara6t�es Act and Improvement Bond
Act of i915}a�d,if Seller has actua!k�o+Medge,of industnal uss and military ordinance Ivcabon(GA.R.Form 8PQ ar SSDy.
{2) 8uyer shall,w.thin the bme specified in paragraph�48(1),retum Signed Gopies of the Statutary a�d Lead bisclosures to Seller
�3} In the event Seilar, pnor to Close C31 Escraw, beComes aware of adverse CDn�GOrts materially affectlng the Pmperty, Qr any material
rnaCCuracy in disclasures, information o� representatians previously pravided ta Buyer, Seller sh�11 promptly pr�vide a subsequent or
amended t�sdasure or notice,In writing,cove►ing thase items.However,a subsequent er arnended disckisure shall mat be required for
oond�tions and mata�ial Ina�curacbs of whicfi�Buyer is othsrvvise aware. or which are disclasect in repotts provlded�or ot>tained by
Buyer or a{dar+nd and psid�r by 6uyer
(4E If any disclosure or notite spedfied in BA(1), or subsequerrt or amended disdasure or rrotice is Detivered to 8uyer afler tne oHer as Signetl,
Buyer shall have the nght to cance!ihis Agreeme�t vwtMn 3 days After Dalivery in�persan,or 6 Oays After pelivery py deposit in the mail,by
�ving written natice of cancxHation to Seller or Seller's age�t.
(6j MoOr to Buyer and Setkr:Waiver of Statutarty and 4oad Disaiusures is prahiblted by Law.
B. NATiJFtAL AND ENVtRONMENfA1.HAZJIRDS:VVithin the dme spec�fied in patagraph 14A.Selfer shall,if requUad bY Law {f}Dei+ver to Buyer
8arthquake guides(and questionnaire)and errvironm�rrta! ha2ards booktet, (tij ��n it exempt from Che obligation to provide a NHD, disclose if
the Aroperty is tocated in a Speaal Ftood Hazard Area; PoCe�tia! Fiooding (Inurdaron) Area Very t�k�gh F�re Hazard Zo�e; State Fire
Respar�lb�f�ty Area: EaRhQuake Fau4t Zone; Seismic Hazard Zone, end(iii)disclose sny other zone as required by i.aw and prov�de any other
infwmarion requred for those zanes.
C. WITHHOLDING tAXE3: Within the time specified in paragraph 14A, to avoid reqwred withholdmg, Seller sha11 De�iver to Buyer or qualified
substitute,an a�davit sufficient to romply Nnth federat(FIRPTA)and Caldom�a Nnthholdng Law.{C A R,Form AS or QS).
0. MEGAiV'S LAW DATABASE DISCLOSURE:Notice: Pursuant to Sec6on 2�46 af fhe Penal Code.�nformat�on about speafied registered sex
offenders�s made avaflaWe to the pubtic via en Internel Web site maintainzd by the Oe�artmerrt of Justice at www meganslaw ca gov Depending
on an offender's a�minal histary,this mtormation w111 mclude either the address at which the offender resides or the community of residence and
ZIP Code�n which he or she resides (Ne�ther Se11er nor Brokers are requlred to checic this website. If Buyer waMs fuRher informaTion, Broker
recommencis that Buyer obtain information from this websMe du�ing Buye�'s ir�peciion contingency penod Brokers do not have expertise in this
area}
7. CONDOMINIUNUPLANNED OEVEIOPMENT DISCLOSURES:
q, g��„�����p,g; �'{or(� )bays After Acceptance to disclose to�uyer ufiethe+the Property is a condominium, or is located in a
planned devHopment w ot er comman�nterest subd v+sion(C.A.R. Form SF�or SSD).
8. �f the Propedy is a condominium o�is tocated m a planned develapment or olher common mterest subdrv�s�on,Se11er has 3(or� )
Days After Acceptance to request from the HOA(C.A R Form HOA)�(i)Copies of any documents required by Law;(il)disGosure any pen ng
or anUdpeted dai�n or litigation by ar against the HOA; (Ifi)a statement containing ths locabon and number of designated parking and storage
spaces,(iv)Gopies ot the most recent 12 monttis of HOA minutes for regular and spec af ineetings;and(�the names ard contatt information of
all HOAs govemmg the Property tcoltectrvely,"CI Drscfosures") SeNer shall itemize and Deliver to Buyer all CI Disclosures rocerved hom the HOA
and any CI Disclosures in Seller's possession. Buyer's approval of C1 Disdosures is a contingency af this Agreement as specified in paregraph
148(3)
8. ITEMS INCLUDED IN AND EXCLUDED FRQM PURCHASE PRICE:
A NOl'E TO BUYER ANO SELLER:Items listed as included or excluded m the MLS,flyers or markebng materials are not inquded m the pu�chase
price or excluded f rom the sale unless speufied�n�3B or C
B. ITEMS INCLUDED IN SAI.E:
(1) All EXISTING fixtures an�fitbngE that 3re attached to the Property;
�2) EXISTING atectnrat, mecAanical,tlghting, plurnt�ng and heating fixtures, ce}ling fans, fireplace Inserts, gas iog�and grates, solar systems,
built-jn appfiances, window and door scre�ns, aMmings, shutters,window coverangs, aftached Fltwr coverings, telc:vssian anie�nas. sate!lite
dishes, private integrated telephone systems, a r coolers/concfitioners. poal/spa e�urQment, garage door opet�ers/re�le controls. mailbax,
�n-graund lancscaping,trzeslshrubs,water so(te�ers.+nr�tet purifier5,security systemslalarms;{IF checked�stove(s). �refrigerator�s). and
{3j The fiollowing add�tionai items: Solar SvsLe�¢ sf ao sguip�d.
�4) 5elier raprese�ls that�1 items induded in the pu•�hasa price,�Mess ot�et+rns�spec�fied,ars owned by Seller
{bj All items incfuded shall be transterrad itee af liens and withoui Selter warranty.
C. 1TEMS EXCLUDED FROM SALE:UNess otherw+se sQecified,audfa and video com;sonenis(such as flat screen TVs and speakars)are exduded
if any such�tem is not itself attached ta the Property,even if a bracket or other mechanism attached to the component�s attached to the Property;
and
Buyer's�rnUats( )( J 5e11er`s Init�als{ ;( 1 Q
i.;opynphirb',1�',�'at,_�(}1Lti�AI�Fi.Sk°'lIA�SSSCX:IA��UNUr�1tA��U�iS�2?4!dC;
RPA-CA REVISED d170{PAGE 3 OF 8) R6viewed by Date t�+��
4tIpX(J�di�
CAUFaRN1A RESBDENTIAL PURCHASE AGREEA+IENT{itPA-CA PAGE 3 OP S)
DRAFT FOR DISCCTSSI4N
����,��: 92290 Vertlin Zar�e ar 42Z28 VesdiA I.atte p�;
9. CONI�1TfOli OF PROPERiY:llrMas a+l�vr�eoe agread'{q 1�+��r+o�SAy'Fs soW{a)tn ka PitESBNT PbYskN{"as-h")condttlon�t M ih�d�rb�d
p�nc�and�b?sub}ct b Bu�"s Im�t�prtioa�ri{�ds;{Aj ihe F'r+�rtY.kw�ud�i D�1,sPa,i�►�D ar�d 9rour�d�,�W t�rnain'4oined in
suh�ler+�uy uas s�xne,�om eis an�date w A�c�satar+r,e:and t1i1)a�+de�is ana pa�.xiaJ t�aertlr��,��ahe sa�e sneil bs remo+roa!wi
Sellor by t�oae C�i Eocmw.
A. 5eibr ad�sM.vnphin tha'�me spedile�d in paragraph 14A.DISGt.OSE 1QJ01N7�1 MATERIJIL FACTS AN�DEfECTS a�D Y�e PropsAy.inahidtrip
krwHm i��c�Ur�s tiNtiWn the Patt Ave yesrs,and ml�ics any ar�d aN d9tsr�Sdosurea raquii+�d hY f�'-
B. �3uye►h�as tfie riptdl to in�peni the ProPsA'/and.aa apadiied in pwrapreplo 1418.baaed upaa irolorenadoae dlsoovered in thosa inspadions:(i)cairacs1
q9r A�smen�+cr ii��a4uast�rt Se�me�oe 6�apairs ar trNa other s�a�.
C. 6�y�r 1s,�3ra�+yly sdvlssd�a oar�ahoa�Iswst�ons of tM��In�ropartY Mi ardar�o�Its�as�t co�dl�lon.S�►1ha�mr�t nei br
�w�rr of atl da�a!ls�lny tlu P�rop�riy or o�r�Eora�►e�3 Buya�r e:a�+sbdus i�npwlst�i.��lrro�roYsmrats rn�y r►ot T1+��w19t
�ccw�iv co+M.i��isn�r�riti�curr�+t i.aw>or h�vr�ar!�reml�s Inea+�l.
t0.BilYER'311�11fESTlGA71t�N i�PitOPER'fY ANitt MAl'tERB AFFECTINIti PI�PERTY:
A. Buyer's iao6p�ar1�d tFN oondlNon o(� and my cldta�r tasqer slfectlnp p�e P1�qpYlrty�ie a t�nth�goncy o!1Fds/�teerrlsnt as spsCMsd!n Ihl6
psr�qrap,ana parsgrapt►�aa.vrl�tn fhs r+me sped�ed m p�rapraph 148t1y,euyet s�all have a�e r�M,a1 Euyars a�enaa unleas oN�erwlae
apreed.to conduct�.i ,tq6c,su►waYs and oNwr s{udks C'BuYe►1��ons'}.M�.6u!nct!�ilad to,tha tfpMt bo�
Q)fnepsa tor I�ed-baaea pa�t and otlrer aeaab�s�ed a�t F�Nss {(11��tor waaa deahoy�p as�q ant+aQen�+�; pny ►evoew the
c�IsmMeti.ax ar�+uler detabsse�{M cordkrn ute tmu+sdNtr at euya�and the Q�qpsAY,and IY)satlNr����Y���u,e
�e�d Buyerk�nspadbn Advkory IC.A.R.Fam BIl4}.VMNhout 51etl�r's prbor writlan+:onseM.8uysr shap rw�Itwr maks nar�Ao be rtrada:n)
h'ivaeM.or de�wcNvs�►rnr�tl,�s:or{!a M'�try x+��8�bu�rio or zon+ttp+rnspec#or ot oan�ntt►rent�r�a'Y�a,u,►leas
�9+���.
B. Se{lif+�t�ice U�a Propsriy available/or aN Buyar in�as�oi�.Buye�st�sA(q�a�Yc�ed in{rara�a�h 148.wmpieie BuYar�rnntiGalions
and.eilt�r�r�a Me Gariie�Y or t�moai llds ABraemerrt.aad(�t}Dive SeNsr.�!no coet,oompfs�CaRI��iq i►rvs�gafion r�o►b obtakted
by Byrer,wMdt obpp�da+siw11�uvira Nm bitn�rretlCn of tl�a A�roemertt.
C. Se�er sfatl h�rs wBS�r,Das.e1�Mdryf�d �t oQasable pdat Ii�pMs on tar$uYen's In�s arud ihro� the data pos�asion Is made
avaua6le to Buy�r.
D. Buy�s MdKttt�l�!►a�+d$�fi�prob�c�o�Mt Heb7f�p�!►:Buy+�t st�il:tq fre�P tha W�ertY/ree ued d�r of irons:(11}�^�p�sir ail darr►eQe
artam9 tran euy�Inves�ada�a:ana{tl11 h+demntir end hdd r�he�enlees firnm a�racdGng Neb�l�.ca�ms.d�r�e�ds�++sass and co�s or
�� ��H�►• �f*' � �Y� or Buyer she�f reqWre a�syorts setlnQ � Buyrer's batreit tp ceua�ryy. Polld� of IabNHy� wakets'
�omp.ra�n a�t ofhar appAr�Insurstnoa�deta�rg a�vd prc#rd�$slfer rrom�ar e„y InJu�ies to persora nr prop«ry�d�Mno
any 9oyer Mvsati�s ar work aone w,ths Properoy ai suyera ct�ec�fon ador b cYc�e cx�now.srW1�Is edv�d�al c�in protec�ona m.r
bs stkxdsd SaMe►by n�dkg s"Notl�x at Non�ra�nrrsi6Nih"{C.A.R.Farn N4�R)br Buysr Invea�gsQ�s arM vuaaic dons on Ihs Praper�j+st
Buyers dYsctbon.8uy+�rs obNg�tlOrui undsr�p�srspraph�+a8�a lt�e lerminadd�a cencaRsflor►af lhis ll�nr�erd and t�oes of Escraw.
f 1.sELa.ER�9CL.t�URE8:JltlOEt�11:Ati�Vi$tlftlES:aTNER TERAAS:
A. Mr :Seiker witlUn�tizne l�ed� 14A co snd w�h a:
�G s�ea�Proo�r au�rx+aks(�.A.R.Fcm,sr�Q) cxt �C,�ractua�+�►d s�lorr ohdowra tcJ+di.Fart,sso)
B. Add�lfds if C �1lddrntdum� 1 {C.AR.Fornr ADM
YVood De�ro�ng Peai U►a�diot�md htbcstbn d Cast Addendam{C.�R.Fam WPA}
P�ud�s Adds��durt► G.A.R FoTm PAA W�N snd Monurrmnt Atldendum C.A.R.Fotm SYVPI
Shat SMa Add�dum tCAR.Fam SSA) �ar
C. Ad'V�fGiilii 1if Ch�CkN!): 0$tiWi�'i IrnpsCtiOn A�dvieotY LC.A.R.Fortn$iA)
Probala C.A.R.Form PlUC State�wide and S�qsr C.A.R.Fam SBSA
Trust Advieor1r(CA R Fwfn TA) FtEO MNiedy(4.A.R.Form REO}
D. Other T�m�s:
t i.TITLE AND UESTINfi:
A VNthGt 1he tltt��edlled ht p.rayreph 14.Buyer aif�M bs p�ovidYd p Cun�erM ptBlMr►k�ary tl�e raPat.�andl int�ude a seal�Gh of the Genetal
Mde�c.SMler shMt w�ltin 7 Dlrys Ailer Aaaepisn�e�+e Esaow Hatd�s rotnpleted Sta4Mrwnt of lrfiom�On,Tits pdkr�sry report b only en
ol'fer bY tl�s tlYe ina�er to Issus a polcy of ti�s itmursnee+md may nd�n every(fem aRecUnD Nlte.Bu�nars revisw d ths p�Nimine►Y npoA
and ary oUter rns�ers which maY alfsc!tAls ars a oonik�pency ot tl�s Ayt�ssmont as trpes�d in p�tagraph 148.
B. 7111a IS W�sn in Ns preaent condpion st�bject to ali erx�rr�cas.iwiamarlts. covenerl4r� condlilons. �ssbir�fOns.Tfphis and other maHats,
MR�etl�er m reaora ar na,sra ar�e oste or a�nce e�pt;(ij monamrr tlens or reoor�Q w,lots euyer Is ar,�um6,g a,ose naipsnons or mldng
1he PmPerty su�ro ihose aWip�orn;and{il�tttoaa mettara tvNlcA�SeAer Itf�e aDreed t�roerio�+e in wtiliinp.
C. Wfltdn ths tlrrre a�ecHbd in parapraph 14A.Saller!►es a dutY M�doss ta 8uyer sp rtuelOe�a known to Setbr aflectl�tltle.wlwU�ar ol racond or
not.
D. At Cbee Clf Esc�w,8uys►ahsN tec�++e s prant daed conveyNig iltls(or.fcr a1a�c cooperativs or lon9-br+n te�s�en sesqnrnetN o(stodc
cartlNcate a of Ssds�'s IeateNold Irris++rat��4 od,mir►�s!w+d water�ts N e;urrar�tly owned by 3ellerc.Title st�eH vest ss deslpneted in
Buyx's euppbmeMal eswow i�ntrudlon�.THE MANNER OF TAKII�'i TITLE MAY HAVE 31GNIFICJWT LEGAL ANO TAX CONS�l1ENCES.
CONSULT AN/1P�Rt)PftIATE PROFESSIU�IAi..
E. �Buysr�l�rll t�eeAro a CLTA/AL7A Honaeownar'8 Pdicy o!T�is Ir�murance.A tiUs campamR at 8uyar°t roqusat.cen provi�is kr�ortnaibn aboul dw
avw0ad�ly,das�rabilit�r.cevwaga,mun++�q requkenfanta.ant!mst af v�iMle fns�ca voveraqeo and ar�d�ora�re+er�Na.M Buyar tiesYss tlUe
oeverage�iher�n 9�t t+�quired by U�iss pata�graptu.8uya►si�aq Mstruct Est�w Holtier b wrtting and�aY artY increaae ka cosf.
19.9ALE OF HI/'YER'S PROP�RTY:
A. Th1s Aprsertfsrd is t�UT caMlcpperri upon tl=a�la ofi anl+P�r►N�'��Y�r.
OR 8. �{ti checked):The attec��e�d adda¢rd�a+iCAR.F�am COP)+epartlnD Ilae co�ngrsrtcy tot it�e sala c+F P�AQi'tY�'+r�bN����+{�
Nalo lhis ApraemsM.
Buyers InWals{ 1( ) SsAs�'s ir+fti�ls{ )i �
caoynom o�aw-m+a cN.�oa�►uwssacun��ar�raesa w�c.
RPA�CA REViSED�110(PAQE 4 OF s� ��� �O ��
CA�BA RESlDENT1AL PiJRd1A8E AtiRREMENT{RAA»CA PAliE d OiF 3� 43810 8luebe+t
DRA�l FQR DISCUSSION
p��y p�,�. t2190 veraia r,aue or �2a1s aera�.�i.:, r.ane p�;
1A.TJM�PE1tlODS:REMIOYAi.OF CON1YMi3ENCl�s: CANC�LLJ►T101d ilIGHT$:7ris fa1M+oM�N+9 tl�9 P���!I a++h►bo sxbnd��.ait�nd,
mar�iMd or chanp�d by ewWM Ywitf�a spr�namt A�ry r�mmaral ai eondnp�r�cks or c��lalfon w�d�r Ihb pairagrap0►iy sMher 8uy�r ar
ss�.r rsust ue sxe�rcis�ed In ypwe t�+.,+d In wr!lln8(GA.R,F'orrn C�t or ccj.
Il� S�LL�R Itl1S:1(or� 3�._)DsYs A9Mm'A�plar�c�b t?aPlver t0 B'uq�st aM RsprM'!s.dis�oos�es ar'id h►to►nmtlOn for v�hid�SYp�r Is
r�pr�le urxier pSr�qraPhs 4.8J1.8 and C.7A.9A,11A and IB.m�d 12.'BuY$��Y H���+��Notlr�s 10 3aNer to P!ertorfn tCA.Ft.Fotm NSP')
N 8oUet has r�woi D�FMered!he Nems Witldn ifie 8me 9pedlie�d.
� (t) �1fER NAB:17(ar� )Dryrs Y�Ao�fanca,ardess olhen�+�se ayre�d in v,+�ng.do;
��� pory+v�abe ap etry+nt�r�tla+s�apprcMe an�a�es,r�+�,d+�n��ep�pi�ble i+tom�4�e,s�Ailda 8uyer re�a from seNer,and
sppnoye eq r�l9lar nta�6a�a ad�g t!�P�vper�l;aml
(�) osl�ver 1n sef�31pr�tbpha c�d�e�na L�srd��e�wee�d by sa�er ir�aoeortl8re�e�EBa�raragrapti 6f1.
(2� VIA�hkt#te tkne spec�ad�148{1 j.Bufler�y r�qu�l l�at Seksr�1ake tapalrs at lr9cs ire+y'trl�sr+�ia1 reQsr�ng'tha ProP�Y 4CA:R.Faam
RR}.SeNe�r tms�rp odlpe�t�b aptse to ot I+�p�aeM!0 8yreta npue�b.
(a) wnl�i�,!he tl+ne sp�a�ird� 1aB{t�(or ae an�se aps+alied i�tlys A�wnty�Bu�rer.hd�neMiva�ao sal�r sl�(()a romovm of ehe
aPPM���Y ICA.R,Fam CR).w(M�e csnoeiletla�(GJ4R.�ortn CC)ot thl9 Apr�ertwon4 bsssd upon s�npstwy a►Se1M�s
fa�Cre�D�Ilvsr tl�e�eGNad I�rr�s.Hawevar,It any tpport,dlsdosu►e Crr hAom�w�on fa�r vrt►�h SeHer 6�rsapan�ibMo��xft Oalvsrsd wqMn kw
tlms epeWNad in 14A.NMen i�ty�I�es 5�or� }Dsya Al6er Caqvery of any auch Ner�s.ar Me t6ne sp�oiR�d In t48(1 J,whichsver
Is I�er,b OoAver to 9Ns�'s romovai of ths appleabte�►W�pancY or car�xMallon ot qds Aqre�t.
(t) Coedin�n of Cor�tleYprnay:tv�n a!!er�n ersd of tha tGr�a sp�cNkld M 3�9(t)u�d bsioro 5sllar carwels tl�b Agreanw+6 N at sN.p�et
fo 14C.8uyor rotNna tfie ri�t�etM�(})6s swrMl�re�riove rae►�InO�d�s.ar{N}cau�sl tl�Is/lprsertMnt ba�d upai a ram�t►dng
aot�dnqeney a'8elbr�a M�ure to Deiivat tAs apecNiad lrrrns.Or�ca 9u�'s wr�r►nrnovaf of ai!aortiM�+�rw�p�it DeH+n�rsd to S�Iw�SeMs+�
n+ay not��ude�resrt�r+t pu+wane t414C(1).
C. SELLER RHiFiT TQ CANGEl:
(1) se�t�r�'la C�1;au�conar�p.n+�i.s: N,+vMrdn xms apedRod tn u�s A�greemmn, B�nra a�s np+,in+wkhw�oeawr to sailer a
removal o(the app�e�s�r ca�roeNatbn of thi�Aqro�rtwMlh4rr S�Ilar,aQar fl►�t Deliveri�b Byr�a Noltce 10 Buyar ta Per�orm
{C�R.Fortn t��y canaei tlda/�aemmt.Cn such sve++t,8eber�a�nAt�rti ot 8�1�'s drpasil.
Ctl SNfar ripM W Csncsl:Buylu Con�t Oblfpaiiona:Sallar,�flM D�Iwr6�g b 13�1yar s I�fBP trroy wnoai thls l�reainent fix ary/o!the
u�No,rbq r�waon::f4�t Bvyror ts�a ro dep�tur�ds�raqutred b5+3A or�;tm�u��a.�a o�o����e�„�o�,�
d�potlle�d;{IM}i�Buyer ta�7a b De16wr a rtodos of FliA ar VA c,�ts a t�at as ray�d�ed t►Y 9a3} C.A.R.Fam FY11};pvj if�fa�s ta
DtlNwr o let�r aa ra�draet bY:M1�(v)N Buye►I�S ba tlWvar varMtcaUon ss roquirod bY 3C3 ar 3J;�v�►�:3eMer re�nebiy�p�Ows o!the
ve�neatla►protild�d by 3G ar 3J;�v�)M Buyer taits!o�uen�eh�ay and toad l3bw�surea�n�l►ed bY�rapr4�t+S+A(2j;c►(vIN?K BuYer
taAs ta slpn or N�tlal s sep�ral�e tl�idsf+�d t�rtwgo(nrm f4r tui�ncree�ed depo�ii as�equired bY 08rag�apF�s�and 25.In such want�8a8er
shaU wllrotize reMxrl t�f BtyrsrRs dep�t•
t3) Noticr To�7o P�rtort�:The N8P eha0:(!}6e i�writN�9:(1�he sl�d by S�I'w;and p111 ytw 9►+Yer at laast Y{a Q )Qays
ARer Delh►aty(er u��e Nma�fedRed trs!h.��raph,w1�id�ever accues�.et)tq�rs 1he s�ppi{eab�ts sc�On.��wt ba
Qellverad ettSt ee�iier qtan Z Da�Pdot eo the expk�n of thv appNc�biA tlme hx$uryer to rsmoea a canNnqeney or�I this Apnwmen!or
mee!an abNgatlan�Mied in i4C(2).
D. �FECT+DF BUYER'S REMOYA4.OF COMTII�iENC1Es:i!Bt►ya�r remow�s.in wiilin0��Y��0�!►or esnceratbn rl�s,unkes OtFiawis�i
spacifiad tn e se0rroba rrrplen agrsamst�d Ds�+sen BuY'�arfd SeNir.Beyer alqM!wllh rsgend to thst contlrqerwY or c�liatlon riphl eon�NY
be deamed b heve:�i)eort�NMd ap 8ay�r dtvesMpetlor�s�and review ot report3 and otl�er�ppikaaMa ir�ottr�fott and�ures:(�slected to
pror�Nd vWO�the tra�Ya�:and(11��sumed ail N�il�y,raeporrdbhk!'and expe�nss ior iispa�irs o►t�o�ons or ior inabi�ty to obab�A�a�nCk�p.
E. CI.�SE OF ESCRONY: 8afore Seller ot Buy�'may tenoN tl�is AaeemeM for feiM�re d iM c�tl�et parly to c�es osauir puratmnt to tlds
AgroomeM.SnNrr rx Buyer muei Mst qiva tl�a oM�er a damand eo G�escrow{C.A.R.Form OCE).
F. EFFECT OF CAI�ELU11iON ON DEPL1817'S:It 8uyar or SaN�ur yi�wtMlen rwUce�eano�laUon pursuem to rlphb duly exarrJsed under the
larms of this J�emenk�Y�end Selle�e0ree�5ipn muh�al h�lrudiorn to csnai ihs�ale arn!ea�aoMr and�1ia depa�tls,If rp1y,to the
perly endtMd W the turxie.bas fesa�nd ca�fs intxrn�ed DY that PartY. Fwis arfd I�is mry be peyabie W service provkiers and vandora►or
servkas and produds W'cvided dur�esoraw•IbiN�of tundr wNl nqrdrr muA�ai Sipnai ni�an Mrbucqo�ns lrom Buy�r and SNI�,
bistructioos B no�d�d�pub�x�sesBu orvrh b� d��as�d 1WMs;C�hA1 GatN$1057.3�OOS fa ntuwi�al� such
13.REFAfRs:Repsps a1mN be cotriplelad prfor b firwl variicallon of contWton urde�othsi+ri�e apreed�awilinp.Rapaka!o be porlonned at Selte�s
ex�+�rtwY bs Pwfartr�d bY 3NIor or thrauph othets, providad that �he vrork com�ies wKh ePP���'. � D�a� P�+K.
M�specNon�d ePP��a4►�irenwnic•Repehs�ell ba P's�4bmied In a qood,aidafid menner wltl►mamtMds of quaNep w�d sp�seuanoe comperable to
e�d�ng n+s�.n Is w,aer�d mae�aa reslorauon of appseranes or o�rs�c px�roNow4g a�H�a�s mrr r�t e.a�a..s..Ns�snex:m
oblaNi reesiprta fo►Rspei►a P�Orrns�d b!�ahe�s:i�l P�'8 a vrrbten slatert+ent IndlcaUrp 1he Rpaira t�erlarmed bp Se�1er md u�e dpw of such
Repairs:m�d(liil P�+��P�a!re�and saternenls fo Byror prior Eo Nr�at veuttk�8on ot oonduon.
1&FlNAI YERIFICATION OF CANDlT10N:Buysr 8h�t�aVs ths riphl to mske s ftnal tapattlon of Vw Proporly wNMn 5(or 1�ays Rbr
to Closo Of Escraw,NOT�1S A CON'iMIGENCY OF THE SI1lE.6ut edety�o aoNbnr.(n�e PropsAy b rt�nfaNbd pu�eM b parap►sph 8:(��)
ftepalrs heve b9en ComPMaied es agt�sd:and{N{}SeN�r F�s CompNsd wMh SekerB oths►obti�Id�rls und�N'C►19 Agresrtren!IC.A.R.Fortn VP�.
17.PRORA710NS QF PRO�ER11f TAXES AND OTti�R trEM$:Unbas dherv�aa ay�sed Mf wri6n6.tIN foNOrM1p IlemB sirell bs PAID CURRENT snd
P►orqlld belv�testi 8uyer and SaNer as oi Cbse 01 Eaelovr:ra�!propatly taxas and a�meMs.irN�rsst.tamts,HQA rapWmr.apedal,m1d arrerye++cY
dues and a4sa�erwents in'ipoeed Prlor b t�oas f3f Ea�xu�v. P�on InBurenCe sewirltod Dy Buyer. PeY'�on bonds and aesY�nhs
assumsd by Buyer.and peyments on Me10-Roos and alhar SPecNI AssassmeM Dishict bonde and asce�r+ants lhat m�e a c�xrent dan.TM faqowinp
fEems stwll!w awurnsd by&+ller'yViITF10UT CR�DiT loxrard tt�a p�rchrme P�P�►�P�+Y��on Melb-fto�and atl+ar 3peari A�r�e+�l
Dis�rid i�onds�n4 asseasrt�er�fs end HOA saeCi91 e�that are a etrt�ant Men but not y�dua.Atnpert�+wi�ba rwasessed y�on drenpa oi
�msrahla.+�Y�ad►�����•ne�be psia ar tod���q ta p.rbd:sne.aa�or r�ow.b�►9uy�:�d t�tor�pAar io aose or
Escr�mya,bY Sal�r(see GJ�.R.Form 5P"f o►SYiSJ4 fiu/udhor intortn�l3on).TAX 811LS ISS�/E�AFTER C�.t�t7�ESCROIN 3FtAtL 8E ltANOLED
QIRECTLV 8E1'�I BUYE�i HWD SELLER.Ptvradbns aheil be tnade based on e 3t>-d0y rtanth.
�yate inN'iala( ?( ) SatGer's 1rdltals{ )t ) �
covr�e rao�ao�o,cwFoaNu►u�noN aF aFuma���. �,�� � aau.�.K
itAA-CA ftEVISED 4I10{P+i1�E S t1F S) 01w"'�"'
CAUFORNU►RE$IDgNTiAI PURCHASE AGREE�17�ArCA PAGi�3 Of 8)
DRAF'Z' FOR DISCUS�3�ON
p„pp��y�� ��.219Q verdin Lasse or 922I8 Vardin l.axse �:
1i.SELECTfOti#8ER1tICf PRGAIfDE�iS:Brolosrs do rmA puaraM�ee Hae petfort�erroe�of ara�'�++anxlots.s+srvice w Prad�xl pmuldera{'Pror�ders'j,
�rs�by Broker nr ne�4�d#�r Buyer.Sallar or cdt�er Parson.Buyar and�may sa1�t ANY S�videaa a1 ihek own cfiiooa�p.
19.MIJ�iliPLE 1.�19G S�RVlCE{"Mt.�`1:�ao�aeta ara a�thorired to repnt4!o ihe dALS a pwa+divg sa�e and.uposs Cios�L?►Essrc�,r.bhe ssles pri�e a►xl
dr,s.�a in�s tis�nnn st+a�ae�ov�aaa�o tnr r,at.s eu n.�nod s�a�ssemsn�eed ��rsons ana +�r,�r�es a�nor�d �o use ene
inloarnstiae�on lemas�rpror+eid by ute NNMI.s.
zo.Eou�u.►xwa�ao o�o�t+u�rr:�Prope�y���d���w�n►�.��,d a�+a�.as��.e�ws.
21.ArnoftJiElr FE��;k�arry ac�or�.Procwsr�g,ar arlrno�tlon bsiwsea►Ba�r a�a ssNsr ar�ou►of 11�is�mAeer+t,►!a.�xevallinp 8�uyer or selter
aha81 bs�en�lNad do r�w�bf�a�Orrtiey fras and acmis d�cax�i4�e r�nes.pre�►aiflr�p 9a�yer�SeM�.�e�nceAi as p�8d�tn paca�rapA'��8A.
22.�Ei91+1t1'�DNS:As gosrd tn this,�p�errisnl;
A. Aaerpt�`�ihe U�ihe cdisr�sr fi�i c�q�r olhr is sccepl�d Mo v►'+1�09 by'a paRy and is da�tvereid to arad perac�Mty raosfved 4jr 4he
01�pwty or th�part�s atilll+or�ed aQeM ht a�s wNl!M�a btlan oi tlds o1�or 8 finei t�otr+ter c�r.
8. '�.A.it.Fam"masna tl�e epe�t�flc fiorm ra�itencad or anoiher ceon�perable W�m egreed tr�bY ihe partles,
C. "Ctome Of EscroM+`means Ihe date ths grirM desd,or aRhsr evtd�nc�of kae�►er atiiUe,is rec�ded.
D. "Co1sY"��bY�4'�s�9 O��PY�NGR,facake�ls and el�rottiic.
E. "O�ys"er�esns c�ndar+laya•Hciw4vsr�Af6sr Acxxp�tat�ce�ttw last O�Sr fio►p�eitorteanw ef arty�ad requi�sd bY this J1yr+aem�erYt(irxfuding Cbse
ar�aow}sr�aa�oe+na�ud.a�+y sac�day,sunaar,o.�e�ata.y and��ae tr,e r�a o�y.
F. "O�ys Afttr"tnerr�s Nw spadsed number af a�tarxler daya slbr tha ou�currsnce ol tt�av�t�per�ed.no!cairaNig Me calet�dar dste on whk�
the epe0lRAd l+l�ni oc�Ns.and andin9 at 11:59PM on�e&�I dey.
Li. "Da11+i'rbr"r�uaans tha spas�led numhwr of tatendar daya t�are!he�oI ihe event specitlled�nal cwrdirg the�da6o on wFdcft
�mpoaifted ewr�i fs acheduled b+�air:
H. "OMfwr"."DslMnd"+ai"�INery".reyaadl�s�ihs rtre�hod u�ed(4�.�ng�.ma�l,emaM,tax.�,meex►s and shaN be etfadf�upon
{�!Penar�t►ea��Y 8�or SeNsr or Me h+dNick�Ft�Eeiste tJ�1or thel prindpsl as�ec�iad tn paragrsph D of the secfion Utled R�al
E�INe Brokan cn ps�t 8;Qit(itj IF d�adwid�Q P�the allrched addendum(C.A.R.Fonn i�ll..
i. "El�atrooe�k Copy"�r"EMctronle 81�natut�'tn+wns.8s appMcehN,an elecdra�c t�py ar fist►ature c�omplyltt�taAtlt t;aNfotrds I.sw.Buyer and
S�Iter ayree tiret iilaci'onlc�fesr�wN!rrot he�ily e�hsr pfltty tu modlFy w�let'the conteM�x tnie�prlly oi q`is AgtesmeM wW�oul Me
�now�.�rut�r a a,���ny.
J. "l.aw"�r►ains ar�y�aw.eade,stalute.erdirranr,��rept�atien,ruk or order,whit��adapted by a cordrvlN�dry.c�ty.�ade ar bderal laQtaelhre.
Ju�cial or ewecuUve boch+er�qeney.
K. "Rpttrs^means any rePairs C��v�coraro�).atterati�ons,►�epl�asmants.m�flt�or�s or rstrofmjny ot tne PmpeKY Prov�ed fa under tMa
Apisan+enl.
L "81pf�d"'n�arru oHhar a fiandwritten tx elestranic eigr�wi an sn odphai�.CopY a any cot�nterpert.
23.BROKER COMPEM$AilON:S9Ne�Ot 8ty6r.Ct 4�.�tw1�pi�ble. ep�pas�ta PaY eom�se�iar �Btakar as I�pecMed 4+e separ�e wt�eerf
aQraertwrt beM�sen Broke►a�that SeNer�Suys1'.ConipensaYan t�psyede eapam Cio�e Of Escrow,or N eeeiow does eot do�e.�ottiervv�se
8pecifl�d In tlrs opr�tmYnt ba�r�BrokK arrd tF�et SkNaf t�'8uyar.
2r1..lOINT gSCRC�W INSTfiUCl10?q 1'O E9CROW HfJLD�It:
A Th�MUowWp P�►aAra�hs.or�pibaaeM Pn►11o�s ih�nrot�M et�is Apr�M constttutis tfi�s joMt�scrow Ir�bua�kons of Buya and 3NNr
to Eserow tlold�r.whicFi Escicnv tiol�e►it�o use albr+g wNl+eny+tefabd eoutMer cdlsrs and addeu�da,�n0 any�ddlMonai mtdusl bi3lrucdo�b
doee ihe+�saow:l.3.4,8G,118�d D,12,198,1�F,1 f,22,23.24,2B,30,�+d perepraph D at the secflon titled R�1 Eslele 8rotoers oa p�s
H.If a Copy af Ihe aeparote�+aprosmeMls)Ptovkkd(vr in psray�aph 23�or p�regraph D of d�e asdion tltlad f�al Eaembe Brokars en
pape 8 fe depoelied rrNh�sao�w Hoklar by Broker.E�crow Hoider shaN aaceP�suCh apreemeM(a)and PsY a1t ot BuyKs or Sapers fu�,w
bWh,as appicabio,ths nsDsGlve 8rolae�'s compw�alfon provided iar�aw�r ayra�msni(s?.The tenrn and cor�dons ot ihis Aprsemsnl na
s�y refsrancad above,in tl�e spadfled perag►eph3 are additlond msiten for ths�rforrnatlon a1 Eaona�v Hdder.but sbaut which 6crow
Holder nsed rat be nonoe�ned.8uyat and SeMet w61 reaeive EsCrow Hoklw'a psn�ai provNions dlraGly from Eacrow HWda and wip exscuts
suoh pravb(ons upon Eacrow Hddsrs rsqusst.To tha�dsrrt It►s pensral pvWsions are inca�t w�w11h thia A�msr+t,ths psnerai
provfalons�rIN cor►Uol ae 10 d�s duHes�d obil�tlot►s of ESC►ow Hddsr aNy.&ryet and SoU6r w�l exacuEe sddHbr�el instrucUons.documerds snd
ioms ptoVided by EaavW Haldsl Uial ere re�o►Itbly nsc�sary b ClOse Ihe esaCiW.
B. A Copy o1 Mk�iss Agroen�A a�heH bo ckNverod to Eswow NWdar wllhks�Dwine�s dsys eRsr A�cePtenca(or ❑
}Escrow Holder sF�eM piwide SeAlers Sfatemenit d
�nrorme�tm�b T�.oompany when recaiwd trom sedsr.6uyer and sea�auatio�iz:E�sa�nw Fbid�ro aocapt snd rsly a+Coples sna S�naWres
ss dsfbtsd k►thfs Apreert►ent as oApinel�,b op�n es�row aitd lor other PurPoeea of�aow.Tha valfdNy of tlds AyreameM as belwaan 8uysr end
SeMsr b rat alfedad by wNtWtrer or v�hen EsCnow Hokla'SI�ro6�is Ayre�etnaM.
C. &oks�s sro s party b rie esavw{or the sde pulpose d ca►►�s�eeMlaf Pu►s�11�pa�agnlphs 23 and psrag�t 0 of the Sec�lon titled Resl
Es1aEe Brolaers a�p�pe 8.&ryer arad SaBer itrevo�.abiy aasipn 20 8�okaTs comQeraatbn ePsc�ind in imrmpraPhs 23,respecGvslY.arwi qrovocaby
k�sUucl Eacrow ltold+r b diebirse th�s t�r+da to BroMets at Cioss Of Estxow or pursuiNt Oo anN other e�epY e�tessiled caurcdistlon ayieentent.
Canipa�loa i�trudians can ba amended or rovdasd anly w�ths wrlMn+�t of Brdrers.Buyer snd Sa11er sMsN releasa and hold twrrtdass
Escto�w Hddsr hom arty NahiNty resuNir+p hom Escrow Holdera pay�r�M b Biokar{sI of ownper�saUon Putsuant to Uds ApraemeM.Escrow Halder
sfmN inrr�edfstety rnNfy er4Me►s:(Ij If guyers UNial or any addilionri d�osN b rroR mYdo pursuent 10 this Agraement,or Is not good al qme d
�pe�t.+�Nr,�s�a�er HOa+ar;or{in if�r�or sapr+�Es�►►�r m c�ut�orow.
O. A Copy oi eny amBnairrront lhat sileds arry p�+s�f ihis Aflrsen�ent far�rhich Essrow Haltkr is reapor�sible shali be d�liv+ered to Esorow
hblder w�hin 2 biosin�as daya�sr m�utual ez�carrion d the artxndmertt.
Buy�s In�ple( )( ) SeNer's irf�la{ y{ ) �
r,o�rtyu o tes�-z�+o,cu�nssocNrpn ov a�.�urc.
RPA-CA RE1flaED�t10{PA4�i OF ij PrIM Dah Ra�nMweo bY oa. �p,'�`
CALlf�tlilA R£SIR)ENl'IAL Pi1RCNA�AGREEME�IT(RPA�CA PAGE 6 OF�
DRAFT FQR DISCU5SION
���: 4�290 Vi�rdin �aae or 92228 Verdi» i�ane ��
25.LFG►U�A1'ED DA9IAAAGES: If Huyar fNrs ta carp�Fsls tt�is p+�hars �er.aa�ae of �uyers defau�t, Selkr shsll rrtsWw. ss
�„tll,da,r,ag�s��„r,cN��t a+:tuadiy pr�a.��n�.�Prawrtr j+a aw�l�p,�rro man.�fow unfls,on.ot wl�F�n suy.rr
i�tls to orxupy.tiwn tfw axn+o�nt niaine�d shsll bs rw+na�e thsn 3'�G af�purct�p�1c.�.Any��ess shal!be ra+t�ar,n�d
to Buyar.Rsi�+est of iu�ds wqi nquir�mutus�,8i0rwd rd�aia lnstruotions irom bot�Suy�t and�slMr.ludfcid dsCision or
a�!»tlo�award.AT Tt#AE OF THE 1NCREASEO DEROSIT BUYER A�W SELLER SHALL b1GN A&EPA�tATE LlQUI�ATED
DAMAtREB PR4VISION FOR Ad�IY�iCRFA8ET!OEPOSIT.{�AR.�OI�M RIL9).
s iMlals J S�f1Mt"s 1n'�hb 1
za.as�ur��s�a:
A nbEu�AnaFk S,r�ar�t!ss�r ap�ee w medta�snr ci�uts or�Pdn+sfi�rp be�wser�u�srra�at or u�r�gr�r�1,or�ny r�ap ane�ascl�n�
betara rssortl�i ta s�bttretl�or court acYt�.Buysr md Sst�r ako�ps���+r�Y d�ar�ans wlUh Brok�{s�w�r.tn r�ltlr+p,
rgrw to aneh t�etfar Orfor ta�ar w1lhtn a nno����lh+�+�pub o�cia�Is p�d io tla�oitw 11A�ion t�.(f anY.
�ali be dlvWed equaliy+x►wn9 ths P�invalvad if,tor anY�P�ar C4ifm b which riYb peragraph apD�ss,anY�+(i}��ecUort
wltltoui IMst adernpUnQ tt►ro�h►e the mafker ttuau0h er�adlaNan.w t�1 batora�eM of an ac8on.rofusee to madtake eHer a roquset has
baon�da.th�u�aa part�r sna�rat be anatlea to re�o+�er attomer tees.ewan�uwy wccda wniarxdee be ava+ieels ta that pa►ty In a�yr sucn aetbn.
THlS ANEDIATtON PR017��1 Ai}PL�B WHE'iHER OR t�iIC�T i'HE AR81TRJ171()N Plt4VlSIQN tS IMlTl1tLED.Exolwions han tbis sndiallon
ag�ssm�n!arr spe#11�d tn�raQr�pi►28�C.
8. ARBtiRA►TK�N Of DISPUTES:
Buyer ar�SNNr ayr�Rhat arty dispu�e ar cMpn tst Lew or sq�t arhitp bst+�►thetn au#ot thh l�lrosmerit or arry
rssWUnp l�st+asc#on�whkh 3a not�ttl+ed lhrouph medist�ort,shst!ba decld�d by e�eutral,btndEn�arb�ration.8uyer and
satler aisw aan.ta arbrera�.�y s�putes cr cisUns wiN►ekoke.{s�,+�ir+wrltlr�,a�ra�to sueh a�tratlon prlar to,or
wiN�n a r�ra�r tlms aRar�tM dispub or cls�n is�r�Nd 10�Braksr."Ths arWir�r*hsll bs a niind)udp�o�
Justior�ar�n�tdo�y vrftn�baat 5 yinn ad riafd�t�tid r�al ostats Lsw�riance,unbss�►s p�attes n�tusNy aqroe b
a d�fsnnt arhibator.Tt�parti�a shaD haw thr ripl�bai�covay M�cordanca witl►Code of CivN 1'roc�dun�1258.05.
In all o�rer r�apsds, tlr� arb�ntio� shall b+e t�ndt�eteci in acca�ee wkh 7itla 9 of PaR S ol` �a Cod� d CIvN
Pre►c�edura.Ju�rrM�pon tlka award o�fhe�br(sy naiy ba�nberod inEo irry court hwing�ul�ticn.Enfores�rt�ent
af thts s�reeQr�sat ta arlsltrate sf�l be �aver�eed by !ha Fsdwal /1►bibrodian Ad. ExclusFons fram lhls airbitratton
�ritiMnt ar+t spec�tigd in pmn�raph ZgC.
"I�OTiC£:SY�'i'IALIN6IN THf SPACE BELOW YOI!ARE Atit�tNti TC liAYE AN1(D18PUTE ARiSINt3 01lT
OF TItE MATTERS qVCIU[?�D IN THE'/1RBRRATKN�!OF�'11TE8'PKOYfSiON DEGN�ED BY NEUTEt/11.ARMTR/►TIW'1
A8 PR�1fIDEfl BY CAL�ORINA LJ1W ANO Yt1tJ ARE GMNC� UP ANY R[GHTS YdU MIGHT POSSE9S TC F#�AVE THE
Q#�Pt!'1'E UTK�A7EQ�!A C[NJRT{�R.lt1RY TRIAi�.8'Y'INITlA�JN6 t!i TNi SPAGi�EI.ONV YOL!ARE GNMG UP YCWR
JUOiCtAI. RK#HTS T0� aBCOVERY ANG A�'EAI, UNi.ESB TI�iOSE R1QtlT$ 11RE 8PEClI�ICAt.i.Y tNCXWED IN THE
'AR8i11tATIWi OF 0!$PtlTES'i'ROYISIO�I.IF YOt!R�F'il8�Td SUBIYIiT TO 11R81?'IZATION AFTER AGREEN�IG TO TFt18
PROV1810N,YOU MAY B�COI�PSLLED TO O�RBfrRAT'S UNb�t Tt4E AUTHORIIY OF THE CAUFBRNIA CODE Of GML
PRI�CEDURE.YOUR AGfiEEMEt+iT TO THIS ARBt7'RA�P�i0YIS10N IS YOt.tlN'TlhRY"
"WE HAVE READ AMD 1lNOE(t3TAtrD THE FOREGON�1�3 ANO/VGRBE TO SUBMiT DISPUTES ARISMKi OUT
OF THE MATTERS INCLUD�D�1 THE'ARBITRAT'!ON OF O�tSP"UTE$'P'�ION TO I�IEEUTRAL AR8ITRAT10�1."
B s Mf� / l�sr's initiNs �
C. ADDITIONAL MEOIA�ION AND AR$iTRATlON TERM$:
(1} El(CI.USIONs:Ths/o(IoyWnp tn�es shaA b�ptcludsd t►ca�1 nl�dtstlon and atbitratlon:{��judld�l or non�Jtldlcl�l torrClown or
otl�r actlan or procMding to snfio►�s a d�ot bwt,nwrm�or InsteNm�t t�d sais coninct u dsflmd In Clvll Cod�;2083:(�Q
sn I�MaMrfW dNahar aCHon�1pn tFa fUhtp a�n1orCKn�M of a nNch�nlc's tl�n:and(Iv)any matler that b wFtldn d�JYrlsdl�don of a
probrt�,small dt1�or b�nk�upic�I cawt Tia flM+�of s caut acttun�arbit tla naondhp ot a noUot o(pa�dln�eotlon.for
adrr of�tbehaant, nedwtsMp, 1n�uneiio�. a oth�r Prnvkllonai rena�p. shall rwt w�qtub • wsiwr a vlot�ion or d»
m�distlon er+d nbit�stton provlslons.
(21 BaacERs:Brok.r.sn.0 eot b.ot�Oraa or aorny.�i�a ta m.alaa ar arbleraea unas.tnsy�r.s to do w In wrltlnp./U+f+BrokaU)
PaRldpstln0ln m�dMfon or arblNation ahad�wt!»dan�d�paiy to tM Aqn�mtnt.
27.TERM$AND CONDlTIONS QF OFFER:
Ttds is an oxer to purd�aae me P►aparryr on tne abova tmms ana oor►dWona.7ne uyulea�d demagas paragraph or me arwtradon a asputes
paf8praph is inidDfpOrslecf in thiS�nt#InN�a16d by YO partias Or N InootQorafed by rtN�diei aprsert�ent fn a t�otNke�'WiB►Or addOndum.N alleeal
one but not aN psrtiss k�iel such peragaphta?.a counieir otlar b requlred wNd�reemar�!s resched.5eller has Ihe rig►M to caMNxw b offer tl�e
Qro�e�ty for aale�d to a�xxpl any othsr oft�st a�y flme prkx b no�nr►of A�ept�nce.H lhis al'�is s�plsd and Bt�yar sube�umtGY dWaWts.
BuYor maY be►esponsd�te for psyrt�a►t oi 8rokeis'canpa�seti�on.Thi�Apr�sernent and any sti�pplemer�,add�dum a rtqdi�tion.McM+dx�B a^Y
�PY.�Y��In two or mora camterpeAa,aN af�IlEich sht�l constitute ona 8nd N�e seane w+Mlnp.
�.TiME Of IES�NCE;EWTIRE CONT'RACT;CHAN�:Time is dt the esaence. AM u►xMrstandk�gs batwoen ti�a pwtles are k�orporated in this
,A9n�ertrant.t!s t�rtns sre tntended by Nw paultas�a fir�,�tale�d e�tdusive axpnas�nn d their Agroernont+erNh rospect to tls aub�ect n�eller,
and rr�y rw1 ba contrsdicb�bjr avNleauae of anY'Prbrapreamanf a�cot�tempareneaus a�ai agisemea�t.tf�ny pie�sion nf ihle AqrawneQit is�etd!o be
�or kwaJkl.ft�e�nD Provislcns w�raawawfl►efess be given tull lores and a�c�l.Er,ae,pl as n5�tslwise�CIRad�iAia Ayrtlarnent 3Aap ba
�ted�nd s�pulea at�ti be�in aococdarace w��►e Isws of ihe Sttaie d Cr�6�arnia.M�ifMr�h�Aprermertt n��provlsi�►In It
mey t+��Mn+dad rn��nc�d.mo�Nad.al�rsd or chanped,acr.ept 1n+wrttlnD s�9��Y�and Seq�r.
euyer's k�isis t )i ) Seuers Ir�tials j 3 t ) �
c�m o,eo4.xwo.ca.�o�u+nssocu,w�►�a��asa�e+c. ��, o.t. «�"'s"
RP,�-c��o aie t���ot a� 'r",
C1IUFORI+�A R�SIDENTIAL PURCHASE AGREE�NT(RPA-CA PA�BE 7 OF a)
1)RAFT F�OR DI SCL7SS.ION
Fr+�Deritg+34ddress; 42Iso v�►rdi.n Lane or 42zIs Va=di.n Lane �;
39.LXPiRAl10N OF OFF�t:3'�ia�far aNaY bs drsr�med ra+roksd er�d iiss de,�mslt a0�F7 be taNaeed ut�eas the alCar is�8gnetl bY SelMrr and��PYw�w is
Slgnad otl�ar ts Qeraon�aty rat�eived b�+8uys�•or ibl+
��a � �e f�. ►»� �.� Pn� �, ��a� � � o�. .���r
&+ysr hes�d and ac'kruo�riedpes�oeipt ai a Copy d�he ofC�r�d aqr�aa Ui Me�Ova ca►Ikma�on d�e�cY r�OnsMps-
De1e �
�UYFii BUYER
A a2ified lc�r or mndarate inco�e r
�*� 1�+Ilr
0 Addidor►al�ro A�ndurn etlached(C.A.R.Farn+A$!�).
7d.ACt�PTTIWC�OF�DFFER:8eNar weReMs�aR Selier�Nse o�vne�ot the f�toperty.or hes the atdhcrity to sxecute tl�ls llpraemerd.S�Ilar acoapta lfie
�ova oNer,apraea!o saN N�Property a�U1e a6arn tarms and condtGons,and a�rees to tl�e above oor�tbn of agenay retefonships.S�ler hae
resd and adcnoyAedgeB receipt r�a Copy ot 9ds A�preenront�a�d�8roke►b Detirrer o Sipne�d Copy la 8uyer.
�(If chadced}SttB.�CT TO ATTACHEQ COUNTER OFRER(C.A,R.�a�m C4}DATED:
Daie DBte
SELLER �u�
�� rR natne
��
O Addltlonat St�+ns Addendun att�c�ed(C.p.R.Rmm ASA�.
{ / ? �CNFittAANTION Of ACCEPTANCE:A Cppy ot Sipnad Ac�fs��es P�MY nceived bY Buye�or Burer'8 auGwrtaed
�r�tl�s? a0en�a�(�a1el at �AM ❑PM.A Dln�rsq Apre�et k en�d whan
�Cqpy of 81gn�d Acce{st�nw ts P+���hf n�lw�d b'Y BW�r or Buyw's wtl+o�tz�Q apsrh wMlh�ar not eorHlnn�d In
n�docun�nt.compMtton o!a,is aone[�a�on Is nae f�tMy requtt►.e In ordrr�cnata a btna�np,iqr..m�sni.lt�s solat�r
6nhnQrd to eMd�nCiR tht tlr�tMt C.onlfnlnatl0e�o1ltcc�ptmee hes wxsnr�d.
REJhI E9TATE BROKERS:
A. Ra!EsbM 8rok�ra an not paM�s to tM A�era»t briws�n BuyK axi 8NIw.
B. Ap�na�►n�Non�htpc aro caqhm�d as atatRd M�2.
C, ff 4pqClRad in Paragr�3R(2�,l�rr�t wha ie�trmMhd ihs o4fa far Huy�r�s�t o!dayo�it
D. COOPFRA'M�Ki BRCitER COMPEN3AT�t:Usth�Brok�t apnas to pay Coqpe�atk�8►dEsr(S�tNng Firm}and CooperaGrp Bracer apraoa to
�,o�a u.a�a e►�r:��►+awcrow:m a,e a�r�eo�sa�aa tia.s,�co�e��er i��aaro�a�a a,�tiu.s m
which tha Prope�iy ia of�rd for sale w e rociyra�!M15:ar{N�C1 t��)�emouM s�OYfed M a aapara�e wririen agresnnent(CAR Fam
CBC)OaNvaan L�tlnp Brakar and CcwPeaalN+B Broksr.Dederatlon d lloe�se and Tax(CA.R.Farm DL"1')mey ba�1 b drxxnnant Ihat fax neportlrW
w1N bs roquMed or Rbt�sxetnpdon ex�ls.
Rael Esfele Bmker{Selpap Fktn) ORE Ua 11
By ua �
�elephone ax
Raal EBtWa Brokst(I.i�Gn9 Firtn) ORE Uc.�
8y gt�e
Teiephone ax -ms
ESCROW HOLOER ACKNOWt.EOGMENT:
e�aow t�lder ada+a�dyes�saript o!a copy d uHs Aq�me�rn,(N cned�sa.Q a ae�f►in n+e srnount or s f,
oounter o1Fer nunbered �Q 5elb�s Sbtement ot I�fom�lfon eM �Olhe�Jldde� �1
.end apnees to ad as Esvow Hddar sublact io pora�raph 24�qiis A9►e.mer►f,�►r
�PP�eserow Nmbudioro a�d N�e tertr�a d Escrow Holder's general Provlaions N arryr-
Eacmw Hdder is advfaed U�at N�e date of Conflmiatia�of Acc�nce d Mre Agrsanenl�beM+een BuY��d 8eller b
Escrow Hoider.f7�resits 8acrrnr �*
gy athez La�a�08t8
Ad�3�ess
PlaonalF
Es�aer Molder fs ❑ - �
PREBENTATt�N CF OFFER:S �Listing Brokat Pr�aented thfs oRer 10$elbr on (dWe�•
HT011N OT OpIQl4M{111�i'IE
R6,aECT�WN OF OF"FER:{ 1� )AOo cour�r o1►sr�a belnp anad�.Tlak o#?�was►e)er�t�d 4y Selier� (data).
SNla�s Mti�a
7i#S i+DRM i1119 06�1 AP�R01f�5Y YNE GN.IPORNM ASS0�14TION f#RFJ1LT00�(CAR) �JO RE�t�PfATIDM IS AIAD&AB TO TiIE tEGAL W WpTY QR AUEOUACY OF ANY
PRO�ON Ml Milf�7�CTIOM.A RElIL ESTA7E�NOUfER!S THE FER90N CllA�fffD A'D ADYIBE�W�1EJ1L 65TAT'�TRA�'T�JS.��11J 0�81�4E LEt�1l OR T,N(AOYICE
CONSIAT AN APPROP71Y1TE�
t)dc b�m k w�1o0M br up M 1►w intln rasl aWte VM�woiN.N 4 nm LiMY�nMi ley�y/1+�uwr s6 s REALTOAO.REALFOR�i���t�r!eoll�qbs mfn�bwW,p nuek nAltl�mq D�rs�tl onb bY
manb�ri o1�#11QIDlilll A650Gi1710N OF RFX70�rrY0 suWol�4e b LbAe� d EfMCs.
� Pub�d W14 0�bp:
a
■ REl1t.ESTA7E�S8 S�iVICE,S.INC. R�„�py �
� a wb�rya/�9 Ge�o►rYa Ruoafe8on d�EAi.TORS� emksr or O�pnM Oats
•325 Safi YYgi AvMUN.l.o`Mgeles.Ce�orNa 900Zi� ,�`�
li�1NS10M DATE�i'10 CAL1F01tN1A RE$ID�'NTI�A1.WR�S!AGItEE�AIEtdT{RPMCA PAGL�II Of a)
DRAFT FOR DtSCC/SSIOIV
,�- �,►x.dF�Rn�a�a
� �ssoca,+riaN A��PiDU�I
o� neAL�roxs'�
(C.A.�t,�+ns�r�,�wM,Rw►lsem 11�oy, No. �
The foliowing tarms and sroruli�ns aro la�eby iricorporatad in and mada a pard o! the: � Rssfde�el Pu�allgrse�t,
� Mar+ulacturod�lonne�a�tease Agroe�rrent. ❑ 8u�nass�urariase A�ra+ement, C�Res��diart��l q.,ease � +Mon�ia-to-INontfi Rentei
�#gr�am,e��, D Va�arrt l�rad�aa�c�hase 1�9r�eea�, Ci R�fdenti�i I�conne Pt�rly ��urcl�a�e A��reemerat � �r�ia�Property
Purdoae�e Ar��eenn�at, ❑oR?►�r
��� ,���Ry��p�y�� 42290 Verdia la+u�e or l2228 Vesdin Lsnw, Pa.Im Desart
in w� ua� r o aw or rn ra x�conaa i�rofierneci to as("BuysNTensM"�
Hfb �11F B S O IB IiDfCrlOd W 88('Se11B1'1L9rldIO1C�"}•
The aa/e of this�_1s st�hiect!a a ou�$�iia�tchedu ed .h�ri! 13. �013
w ave a es er� �r mu earecu sn e r�c e
q� vor au u u s
to a re u tes an a
�he H�ns'�Aa��amono att�er restrictia►�.
e o e s m8 tov wn en s
or of the a �e amount o e�s v tt
udq�in nn�..�.�rur!tn nn�ri�an aSQrtda6fR hnt��ino cost def6fted indet Catifo�'I1i�B1'!�_Hegff/►8Mld S�F9,�Codes a�
oonW+gatit-or�•t�o•p�ar�-loa�•aippro��al.
As s a fien an not su a re+a es,na nwg escrow
fn ro taxes ue an rec e
,�D��T�r 1�ilt�pcf fmnf fho Tar CrsNsi_Mnr'g AlTfce_
The for�oi�tertns and aoMitions are hereby ag�eed�o,and the underaigned adcnowladga roce�pt of a copy of this documeM.
Date Date
BuyerlTanant A q�ed_b�ver oi lvw o►madeiate incame �/�nd�� ��m Desert Houseng Auiho�r
BuyedTenant Sellserdlsndlard
The oopyrlqM laws dilw UnNed&dn ITMM 17 U.S.Cods)Irnbid ths un�ulhaimd�ebn ot thf�forn4 a+nY p�thersot.bY P��PY madYnt a�ny oM►u n»�rn,
f�utlinp f�ninMl�or oa�sd tamNb.Copyriphl0 98[6-Z007.CALIFOR�qI�ASSOCMTiCN OF REALTC�RS�.MIC.ALL RIGNTS RESERVED.
THIS FORM MAS BEEN APPKQVED 9Y THE CALi�tNtN1A A990GU1T10N�REAL7QN8��J►.R�.NO R�l�SEt�f�ASMXJ tS MAO�AS TO T}�IEGAI VALIOITY OR
ADEQUACY OF AMl PRO�'1SION W ANY SPECIFSC TRATISAGTRON.A i� ESTJITE BRAKER IS 7F�P'�RSCi�N t�iJALIFOFA TO ADV'YSE �1 REAL ESTA7E
TliAti511�T10P1S.�YCU OESIIA�L@GAl OR 7AX 1�IiC£�CO�►�T AN APPRGIPRUIT�PRO�ON�4L.
Thls lann is a+raNrWs ior ure by�ent�s rs�t s�taM�nAu1R�y.!R k nW irRaadeA ia Wem�+�hs usaz u r REALTQTND.REMTOR�!s s wpis�red co9setivs ms�eraAfp rtqrk
w�►mry b�uWd oNM bY trr�n+b�rs ot�+r N�TtONA1 ABSOGtATIOH OF REALTORS�adw aubtaibb b its Co4s d Ethia.
a Pu6�1�!a�d D�at�br�d b/: �
RFJ4L EStATE BUSN+iESS SLRVFC�B„tNC. R���� -- _
" s s�+eaia�r►ya�r,e�assnc�ar�nr�rr�u.ror�s�
c S25 Sw�L'NpN A+,�a».lo�Mp�Ms.C�arnir 9D020 B�vk�r w Deab,pnee D�
ADM-11 REYISED 10l01�PA{iE i OF 9j w�►�nu"�nr
AflDENDUM(AOIIAA-99 PA�E t OF 1)
Oilkran Orifin Compmy i 575 Westwood Slvd N3U0, lAs Angeks CA 90024
Phone:{3�0)476-lt35 Fax: {31flj47&2i33 GiideranC,riffinCrn►vpmry ,.zfic
Sanchez, Gloria
From: Moeller, Charlene[CMOELLER@pa�mspri.gannett.com]
Sent: Tuesday, May 28, 20131:19 PM
To: Sanchez, Gloria
Subject: RE: Legal Notice-PH 06/13i2013-42190 and 42218 Verdin Lane
A�� �°ecc�ivc��i an�i will }�u�,lisl� �n �atG(s)�a�ec�u��st��d.
Charlene Moelier� Media Sales Legal Notice Coordinator
The Desert Sun Media Group
750 N. Gene Autry Trail, Palm Springs, CA 92262
t 760.778.4578 � f 760.778.4731
leqals(a7theciesertsun.com /d�wlegals@thedesertsun.com
The Coachella Valley's#1 Source in News&Advertising!
www.mYdesert.com � twitter ���1��1. �+ ;�s j facebook � �,�i'a � �� �:�,�_��
This email and any fil�s transmitted with it are confidential and intended for the individual ko whom they
are addressed. If you have received this email in error, plP�se notify the sender and delete the message
from your system
From: gsanchez@citXof�almdesert.o� [mailto�asanchers7ci�ofpalmdesert.g�)
Sent:Tuesday, May 28, 2013 1:15 PM
To: tds-legais
Ce: � o�a nzales cit a�almdesert.org; lean a�city_ofpatmdesert.ara
Subject: Legal Notice - PH 06/13/2013 - 42190 and 42218 Verdin Lane
PLEASE PUBLiSH THE FOLLOWING:
NOTICE OF PUBL/C HEAR/NG
Regarding the Proposed Approval of a Residential Purchase and Sale Agreement for two(2)Single-family
Residences Owned by the Authority Located at 42190 Verdin Lane and 42218 Verdin Lane, Palm Desert, CA
9Z260
TWICE IN THE DESERT SUN
Thursday, May 30, 2013
Thursday,June 6, 2013
If you have any questions or require additional information, please call me.
�.��;a �,�
Records Technician
City of Palm Desert
73-510 Fred Waring Drive
Palm Desert, California 92260
i
NOTICE OF A PUBLIC HEARING
OF THE CITY OF PALM DESERT AND THE PALM DESERT HOUSING
AUTHORITY REGARDING THE PROPOSED APPROVAL OF A RESIDENTIA�
PURCHASE AND SALE AGREEMENT
NOTICE IS HEREBY GIVEN that the Palm Desert Housing Authority (the
"Authority") will hold a Public Hearing to consider the approval of the DRAFT
Residential Purchase and Sale Agreements (the "Purchase and Sale
Agreements") by and between the Authority, as seller, and a person or family of
low or moderate income, as buyer. The Purchase and Sale Agreements pertain
to two (2) single-family residences owned by the Authority located at 42190
Verdin Lane and 42218 Verdin Lane, Palm Desert, CA 92260.
A copy of the Purchase and Sale Agreements are available for public inspection
and copying at a cost not to exceed the cost of duplication, at the Office of the
City Clerk, 73-510 Fred Waring Drive, Palm Desert, Califomia 92260.
Said Public Hearing will be held as follows:
DATE: Thursday, June 13, 2013
TIME: 4:00 P.M.
PLACE: City of Palm Desert
Council Chambers— City Hall
73-510 Fred Waring Drive
Palm Desert, California 92260
All interested persons wishing to be heard on the matter may be present and be
heard. Any written communications .should be addressed to the Authority
Secretary, 73-510 Fred Waring Drive, Palm Desert, Califomia 92260.
Dated: May 28, 2013
1
R chelle D. Klassen, cretary
Palm Desert Housing Authority
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