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Home My WebLink About2013-04-10 Correspondence_1450 Jamine Place_Long Todd and Sigrid Long 1450 Jasmine Place EEEt`l E-0�p yN,V3E Arroyo Grande,CA 93420 �,y �`({1 �, 805-473-2637 x: toddrlong@hotmail.com sigrid long@yahoo.com Q 0.00.0 : ' 54 13AQR Steve Adams,City Manager City of Arroyo Grande P.O.Box 550 214 E.Branch St. Arroyo Grande, CA 93420 April 10,2013 Dear Mr.Adams, My wife,Sigrid,and I purchased 1450 Jasmine P1 in Arroyo Grande in September 2006 under the Moderate Income plan. We are writing to request that you release us from the Moderate Income restrictions for selling our home. Here are the material facts of our situation. In light of our knowledge that some other homeowners who also purchased homes under the Moderate Income restrictions have recently been released from those restrictions and have subsequently sold their homes on the open market,we enquired with Century 21 a few weeks ago about selling our home,so that we could buy a house with more room for our growing family. Our realtor reported to us that we are no longer under the Moderate Income restrictions for selling our home. We asked him to confirm this,and he was told incorrectly,by whomever he checked with,that we were. After his confirmation to us,we made a contingency offer to buy another house(at 951 Cameron Ct in Arroyo Grande). Not only would this house afford us more room for our growing family,but also its included guest house would allow us to house Sigrid's mother. The owners accepted our contingency offer,and we then put our Jasmine Place house on the market. Within a few days we had several offers,one of which we accepted at a good price. Today our realtor informed us that his information was incorrect,and that the reality is that decisions about releasing homeowners from the Moderate Income restrictions are done on a case-by-case basis. In this case,the financial situations and plans of at least three families are on the line(us,the sellers of the Cameron Ct house that we want to buy, and the buyers of our Jasmine Place house). All three parties have spent considerable sums of money already in doing our due diligence in inspecting the homes,etc. Sigrid and I know that,if we are not released from the Moderate Income restrictions,then we will not be able to improve our housing situation,since nobody in his right mind would purchase our home on the Moderate Income plan when there are equally good houses on the open market that currently sell for the same price that our house would sell for. Sigrid and I fully understand that you have no responsibility for the fact that our realtor relied on false information in advising us about selling our house and buying another house. We also know that you have no obligation to grant our request. All I can say is that we sincerely believed that we had satisfied our obligation to enquire about this matter by having our realtor check,and double-check,to confirm that we could sell our home on the open market. Finally,I want you to know that we love living in Arroyo Grande: that is why the house we wish to buy is in Arroyo Grande. We are not trying to make a bunch of money on the deal. Indeed,we will merely break even on the deal,given today's very low interest rates;however,we will not be able to sell or buy unless we are released from the Moderate Income restrictions in a timely manner(our escrow closing date is May 10). For these reasons,we ask you please to release us from selling under the Moderate Income restrictions. Sincerely yours iCKU Todd R. Long Sigrid M. Long P.S. If you would like any more information about our situation,please contact us,either at the home number above or at my cell number(805-458-7508). lJ ;4 sz / = � PIS: