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purchaser for the residence or to purchase the residence itself. This option is intended to <br />both protect the City's investment and assist the homeowner in identifying an eligible <br />purchaser. If the City exercises this option, the sale will most likely be coordinated by the <br />City's marketing agent. <br /> <br />Any sale must be to an individual(s) that qualifies for this program unless otherwise waived <br />by the City to address an emergency or unusual situation. <br /> <br />· Preferences <br /> <br />It is highly possible that the number of applicants for any residence may exceed the total <br />number of residences available. As a result, a number of preference categories have been <br />developed which assign points to specific criteria. Those individuals who have the largest <br />point total will have first preference to the residences. In the event there is more than one <br />individual with the same amount of points, which is likely, a lottery will be held where <br />names of individuals with an equal amount of points are randomly drawn and assigned a <br />preference. The points, except in the case of bonus points, are not cumulative. In addition, <br />the City reserves the right to separate preference categories by income as a means of <br />assuming that all qualified buyers with various allowable income ranges can benefit from <br />the program. <br /> <br />The preference categories and their associated point totals are as follows. <br /> <br />6 Points <br /> <br />Persons who live and work in the City of Pleasanton at the time of application and have <br />lived and worked in the City of Pleasanton for at least the prior two years. (Those <br />households where at least one of the signators to the loan documents live and work in the <br />City of Pleasanton will qualify for this category.) <br /> <br />5 Points <br /> <br />Persons who live and work in the City of Pleasanton at the time of application and have <br />lived and worked in the City of Pleasanton less than the prior two years. (Those households <br />where at least one of the signators to the loan documents live and work in the City of <br />Pleasanton will qualify for this category.) <br /> <br />4 Points <br /> <br />Persons who live or work in the City of Pleasanton at the time of application and who have <br />lived or worked in the City of Pleasanton for at least the prior two years. <br /> <br />4 <br /> <br /> <br />