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Item 4 - Low-Income Prop Tx Ex.
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Item 4 - Low-Income Prop Tx Ex.
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6/9/2010 1:09:41 PM
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8/9/2004 11:49:56 AM
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City Council
City_Council_Document_Type
Agenda Item Summary
CMO_Meeting_Date
8/9/2004
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02/20/05 08:51 FAX 541 .0._82_.5~S4 ,, EUGENE CITY HALL <br /> <br />After r~cordin~ retu~ ~o: City R~c~rder <br /> <br /> ~MO~~ OF <br /> <br /> BETWEEN: Ci~ of ~g~e, ~ ~egon m~cipal co~a~ion (~) <br /> <br /> ~: St. V~c~t de Paal SocicW of~e <br /> a no~rofit co~oraiion in thc State of O~gon (SL ~cm0 <br /> <br /> On this date, City has conv~-y~d to St_ ¥1nc~.nt ~hc real p~p~ d~c~bed on at~ched <br /> E~bit A (Pr~c~) p~su~t to a S~ta Cl~a Pl~a L~d ~t A~m~t be~n Ci~ ~d St. <br /> Vinc~/~d Gr~t A~eni). ~su~ ~o ~e L~d ~tA~c~ent, S~ta CI~ PI~ h~ <br /> a~ to con,et on ~c Prop~ 60 n~ to~ouse style ~, <br /> for v~ Iow ~d lower ~comc f~]i~s ~ one d~i~aed resident ~cr ~mt ~oject). <br /> <br /> B. The ~d ~t A~men~ r~uircs St. V~cent to ei~ reconv~ the Pmp~ or pay <br /> ~ m~ v~ of~e Prbp~, subjcot to adj~s, ~ prodded in the a~~, in th~ <br /> ev~t ~c ~j~ct is not completed wit~ 24 mon~ or <br /> d~g ~o ~ 20 ~s a~ ~mpl~o~ less ~ ~1 p~t..of ~c housohold t~ts <br /> ~ng ~c Project ~ not q~h~ as ve~ low or low~ mco~ f~. <br /> <br /> 1. Ob~fion~ Run Wit~ thc ~. St. V~cent's ob~gatious ~ ~ I~o~ ~t <br /> A~ts ~ with ~he l~d md ~ b~d~ upon Si. Vin~t ~d SI. V~c~t's s~cs~ ~d <br /> <br /> 2. ~. ~ty's d~ts ~d~ ~c ~d Gr~t <br /> ~th~ nd it=~ of thc hol~ of any ~ de~ or mo~gage on lhc ~ope~ which sects <br /> ~m~chon or pcplot' ~cin~ for improv~ to thc P~p~. <br /> rec~d~lc fo~, a subor~a~on a~m~t sa~sfacm~ ~ ~g hold~ of~y tach ~ d~d or <br /> mo~e co~E ~c s~bordinae ~ of City's ~gh~ <br /> <br /> 3. ~dUm. T~s is a m~om~ only to ~e ~d ~ ~c~ and do~ no~ <br /> by itse~, consli~te ~ a~t bc~e~ ~c ~o p~es. ~c fi~ ~d obligation of~e <br /> p~ ~ gov~ by ~e L~d Gr~t A~ment. <br /> Oivi~i.n *f Chief Ds~.ty Clerk <br /> <br /> <br />
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