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ORANGE HOUSING DEVELOPMENT CORPORATION/C&C DEVELOPMENT
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ORANGE HOUSING DEVELOPMENT CORPORATION/C&C DEVELOPMENT
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Last modified
6/9/2017 12:18:54 PM
Creation date
11/13/2009 9:35:44 AM
Metadata
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Contracts
Company Name
ORANGE HOUSING DEVELOPMENT CORPORATION/C&C DEVELOPMENT
Contract #
A-2009-036
Agency
Community Development
Council Approval Date
4/6/2009
Expiration Date
9/20/2064
Insurance Exp Date
2/15/2010
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reasonably cooperate with City in performing such audit. <br />16. The City is the beneficiary of the terms and provisions of these <br />Restrictions and the covenants herein, both for and in its own right and for the purposes <br />of protecting the interests of the community and other parties, public or private, for <br />whose benefit these Restrictions and the covenants running with the land have been <br />provided. The City shall have the right if the covenants are breached, to exercise all <br />rights and remedies, and to maintain any actions or suits at law or in equity or other <br />proper proceedings to enforce the curing of such breaches to which they or any other <br />beneficiaries of these Restrictions and covenants are entitled. <br />17. The covenants and agreements contained herein shall run with the land <br />and not be personal obligations of Owner. Upon the sale, conveyance or other transfer of <br />the Property (a "Transfer") and the assumption of the obligations hereunder by a <br />transferee, Owner's liability for performance shall be terminated as to any obligation to <br />be performed hereunder after the date of such Transfer. <br />18. The Agreement and all of its attachments shall be enforceable by <br />City in accordance with the terms thereof. Each of the Agreement, the Affordability <br />Restrictions on Transfer of Property, the City Note and the City Deed of Trust provide a <br />means of enforcement by the City if Owner is in breach of its obligations hereunder and <br />thereunder, including liens on the Property, deed restrictions and covenants running with <br />the land [24 CFR 92.504 (c) (13)]. <br />10 <br />
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