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Homes and Hope Community Land Trust 8/25/2020
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Homes and Hope Community Land Trust 8/25/2020
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Last modified
10/5/2020 9:22:51 AM
Creation date
10/5/2020 9:21:58 AM
Metadata
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Contracts
Contractor's Name
Homes and Hope Community Land Trust
Approval Date
8/25/2020
Council Approval Date
2/12/2020
Department
Facilities
Department Project Manager
Paul McKee
Subject / Project Title
Repayment Agreement Low Income Housing
Tracking Number
0002436
Total Compensation
$90,272.50
Contract Type
Real Property
Retention Period
10 Years Then Transfer to State Archivist
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Record Date:8/25/2020 3:46 PM Snohomish County,WA <br /> 3. Binding Effect. This Covenant shall tun with the land and shall be binding upon <br /> and inure to the benefit of the parties hereto and their respective heirs,personal representatives, <br /> transferees or successors in interest. <br /> 4. Enforcement. HHCLT will keep such records and make such reports relating to <br /> compliance with this Agreement that Everett Housing Authority may reasonably require, and <br /> shall provide such records and reports to Everett Housing Authority upon request to do so.In the <br /> event of a breach of any of the covenants or agreements set forth in this Covenant, the parties <br /> shall be entitled to any and all remedies available at law or in equity,including but not limited to <br /> the equitable remedies of specific performance or mandatory or prohibitory injunction issued by <br /> a court of appropriate jurisdiction. In the event it becomes necessary for any party to defend or <br /> institute legal proceedings as a result of the failure of either party to comply with the terms, <br /> covenants,agreements and/or conditions of this Covenant,the prevailing party in such litigation <br /> shall be entitled to be reimbursed for all costs incurred or expended in connection with such legal <br /> proceedings, including, but not limited to, reasonable attorneys' fees(including appellate fees) <br /> and court costs. <br /> [Signatures continue on following page] <br /> -3- <br /> F0:33729700,3 <br />
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