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B) <br /> <br />2) <br /> <br />12 units (i.e. B-10 & B-11) to be sold for <br />$69,950 per unit. (10% down 13% mortgage <br />Median Income $27-$28,000) Sales price shall <br />be insured to City of Pleasanton by <br />oontractural obligation with the City of <br />Pleasanton and Vintage Associates (developer). <br />There shall be a requirement of owner occupancy <br />of for sale units for period of one year. This <br />requirement to be insured by third party <br />beneficiary signature required before sale of <br />home. Third party will be Vintage Terrace <br />Homeowners Association (or Vintage Associates). <br />If buyer desires to sell home for more than <br />pre agreed price with an inflation factor, <br />Vintage Terrace Homeowners Association or <br />Vintage Associates, thru CC & R's and Deed <br />Restrictions will ~a~ '~s ~%gh~ of refusal <br /> ~ e <br /> be <br />established by Vintage Associates, City of <br />Pleasanton and Title Company. <br /> <br />Builder - Developer to provide the following services <br />to obtain qualified buyers in for sale units. Provide <br />sales force for Affordable Program to and including: <br /> <br />1) Pre-qualification of potential purchaser. <br /> <br />2) Have purchaser execute purchase documents to wit: <br /> <br />a) Deposit Receipt. <br /> <br />b) Receipt Declaration of Restrictions etal <br /> see condjtion U. of Deposit Receipt. <br /> <br />c) Receipt for Public Report. <br /> <br />d) Receipt for Geological and Environmental <br /> Disclosure Addendum. <br /> <br />e) Receipt for home insulation installation <br /> acknowledgement. <br /> <br />f) Receipt for new home informational sheet. <br /> <br />g) <br /> <br />Open letter from Castle Construction <br />Company, the Builder. <br /> <br />h) Not shown would be documents: <br /> <br />Verification of Deposit. <br /> <br />Verification of Employment. <br /> <br />Loan Application. <br /> <br />Credit Check Application. <br /> -2- <br /> <br /> <br />