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WHEN RECORDED RETURN TO: <br /> <br /> City Clerk <br /> City of Pleasanton <br /> 123 Main Street <br /> Pleasanton, CA 94566 <br /> <br /> RESTRICTIVE COVENANT <br /> <br /> RESALE RESTRICTIONS <br /> AND OFTION TO DESIGNATE ELIGIBLE PURCHASERS <br /> <br /> This Restrictive Covenant concerning resale restrictions and an option to designate <br /> <br />eligible purchasers is executed this day of ,1993, by the City <br /> <br />of Pleasanton ("City") as owner of the seven parcels of real property ("the Property") <br />described in Exhibit "A" attached hereto and incorporated herein by this reference. <br /> <br /> WHEREAS, one of the components of the City of Pleasanton Homeownership <br />Assistance Program (PHAP) is to provide affordable housing opportunities for, among <br />others, households of low and moderate income, which households are to be offered homes <br />for sale at prices which are below those otherwise prevailing in the market; <br /> <br /> WHEREAS, City intends to preserve the affordability of particular homes for low <br />and moderate income households; and <br /> <br /> <br />