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HopeWorks Station Residential 4/23/2018
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HopeWorks Station Residential 4/23/2018
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Last modified
7/30/2019 10:54:35 AM
Creation date
7/30/2019 10:54:30 AM
Metadata
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Contracts
Contractor's Name
HopeWorks Station Residential
Approval Date
4/23/2018
Council Approval Date
5/10/2017
End Date
12/31/2059
Department
Planning
Department Project Manager
Rebecca McCrary
Subject / Project Title
HopeWorks Station II Housing
Tracking Number
0001911
Total Compensation
$500,537.00
Contract Type
Agreement
Retention Period
6 Years Then Destroy
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1. Grantor agrees the dwelling units on the Property will be restricted exclusively to <br /> supportive housing, provided that the use may change to non-supportive housing if <br /> adequate off-street parking for such housing meeting the standards of the City is provided, <br /> together with any other City conversion requirements including, without limitation, system <br /> development fees. <br /> 2. Any change in the dwelling units of the building for use other than exclusively supportive <br /> housing dwelling units must be approved by the City. The City will approve such a change <br /> if adequate off-street parking is provided, as stated in Paragraph 1, and all other City <br /> conversion requirements are met. <br /> 3. This document shall constitute a covenant running with the land and the rights and <br /> obligations of the parties hereto shall inure to the benefit of and be binding upon their <br /> respective legal representatives, successors and assigns. <br /> IN WITNESS WHEREOF, the undersigned owner of the Property, as Grantor, has <br /> executed this instrument this l6 day of 'i2-k\ , 2018. <br /> [BALANCE OF PAGE LEFT INTENTIONALLY BLANK] <br /> [SIGNATURE PAGES FOLLOW] <br /> 3 <br />
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