HomeMy WebLinkAboutResolution - 98-134 - Declaration of Covenants for Edenvale/Purgatory Creek Townhomes - 08/04/1998 CITY OF EDEN PRAIRIE
]HENNEPIN COUNTY,MINNESOTA
RESOLUTION NO. 98-134
CONSENTING TO THE RECORDING OF THE DECLARATION OF RENT
RESTRICTION COVENANTS AS AN ENCUMBRANCE ON THE PURGATORY
CREEK TOWNHOMES PROJECT.
WHEREAS,the City of Eden Prairie has provided certain funding and entered into certain
agreements regarding the construction of the Purgatory Creek Project Townhomes("the
Project"); and
WHEREAS, in consideration for the funding provided by the City of Eden Prairie,rent
restrictions have previously been placed on the Project by the owner, Edenvale Family Housing
Limited Partnership; and
WHEREAS, in order to insure that the Project obtains a favorable tax designation, the
owner must declare new Rent Restriction Covenants; and
WHEREAS, the Declaration of Rent Restriction Covenants must be recorded as an
encumbrance against the property; and
NOW, THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF EDEN PRAIRIE:
1. The Council hereby consents to the recording of the Declaration of Rent Restriction
Covenants.
ADOPTED by the City Council on August 4, 1998 1998.
i4eanL. Harris, Mayor
(Seal)
ATTEST:
Donald R. Uram,Finance Director/Clerk