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HomeMy WebLinkAboutCT 2024-0001; Tyler Street Dev LLC; 2025-0269980; Affordable Housing Agreement/Release9/30/25, 8:35 AM Batch 19916009 Confirmation NOCHARGEONTIDSDOCUMENTFORTHE BENEFIT OF THE CITY OF CARLSBAD Recording Requested By: When Recorded Mail To: City of Carlsbad City Clerk's Office Attn: City Clerk 1200 Carlsbad Village Drive Carlsbad, CA 92008 DOC# 2025-0269980 111111111111 lllll 111111111111111 lllll lllll lllll lllll 111111111111111111 se·p 29, 202s 10:30 AM OFFICIAL RECORDS JORDAN Z. MARKS, SAN DIEGO COUNTY RECORDER FEES: $20.00 (SB2 Atkins: $0.00) PAGES:3 TERMINATION OF AFFORDABLE HOUSING AGREEMENT A. Tyler Street Dev LLC, a California limited liability company ("Developer"), and the City of Carlsbad, a California municipal corporation and charter city ("City"), are the parties to an Affordable Housing Agreement dated as of April 22, 2025 ("Agreement") which imposes restrictions on real property, described in Attachment A and incorporated herein ("Real Property"), which was recorded in the Office of the Recorder of the County of San Diego, State of California on May 5, 2025, as Instrument No. 2025- 0116810. B. The Agreement requires the Developer to purchase affordable housing credit(s) from the City for the development of the Real Property. Upon purchasing of the affordable housing credits, the Agreement terminates. C. The Developer purchased the correct amount of affordable housing credit(s) required by the Agreement on June 23, 2025. Since the requirements identified in the Agreement that imposed restrictions on the Real Property have been satisfied, the City therefore acknowledges the satisfaction of Developer's affordable housing requirements under the Agreement and they are no longer a burden, lien, or encumbrance on the Real Property, future owners and successors in interest. CITY OF CARLSBAD, a Califomia municipal corporation and cha1ier city /) ' /~~ By: L Amanda Mills, Director Housing & Homeless Services Approved as to form: City of Carlsbad, Office of the City Attorney By: CM#&4 PrintNanfe~, Vt1..(fT>Y< 5";..r.L(., Date: Cf /2,; /2.() ..ti£ I Page 1 of3 https://gs.secure-erds.com/Batch/Confirmation/19916009 1/2 (Attachment A) LEGAL DESCRIPTION OF PROPERTY THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE CITY OF CARLSBAD, IN THE COUNTY OF SAN DIEGO, STATE OF CALIFORNIA, AND IS DESCRIBED AS FOLLOWS: LOT 1 OF CITY OF CARLSBAD TRACT NO. 2024-0001, IN THE CITY OF CARLSBAD, COUNTY OF SAN DIEGO, STATE OF CALIFORNIA ACCORDING TO MAP THEREOF NO. 16652, FILED IN THE OFFICE OF THE COUNTY RECORDER OF SAID SAN DIEGO COUNTY, AUGUST 8, 2025. APN: 204-010-09-00 Page 2 of3 CALIFORNIA ACKNOWLEDGMENT CIVIL CODE § 1189 A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of California County of SClY\ D\e.q,-o On Se-pt. 25, ?-.D)-5 } before me, ' N o-\-o_ Y ~~ G Date e and Title of the fficer personally appeared ,t\-'{Y'\tt,V\.L{O-._ Mi\) S Name(s) of Signer(s) who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. MORGEN FRY l COMM.# 2428481 • NOTA'1Y PUBLIC•CALIFO,.NIA ~ SAN DIEGO COUNTY n My Commission Expires DECEMBER 24, 2026 { Place Notary Seal and/or Stamp Above I certify under PENAL TY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. s;gnaturel ~~U-&' c,~~r}/k OPTIONAL Completing this information can deter alteration of the document or fraudulent reattachment of this form to an unintended document. Description of Attached Document . , Title or Type of Document: .'.J,t J\ ~ ~ Ab~ 1h ~ tiu~· /,t, ~ Act--I- Document Date: ______________________ Number of Pages: ____ _ Signer(s) Other Than Named Above: ________________________ _ Capacity(ies) Claimed by Signer(s). l Signer's Name: Avnevoda Hi' ~ Signer's Name: □ Corporate Officer -Title(s): ______ _ D Corporate Officer -Title(s): ______ _ □ Partner -□ Limited □ General □ Partner -□ Limited □ General □ Individual □ Attorney in Fact □ Individual □ Attorney in Fact □ Trustee _ p Guardian or Conservator ~Other: ~r Ci-!t-t..Ctz:rc Signer is Representing: _________ _ □ Trustee □ Guardian or Conservator □ Other: Signer is Representing: _________ _ ©2019 National Notary Association