HomeMy WebLinkAboutC2011-246 - 6/28/2011 - NADEED COVENANT
TO BIND PROPERTY
FOR PERIOD OF AFFORDABILITY
STATE OF TEXAS
COUNTY OF NUECES
KNOW ALL BY THESE PRESENTS:
Pursuant to an agreement entered into between the Corpus Christi Community
Improvement Corporation ( "CCCIC ") and the Nueces County Community Action Agency
( "NCCAA "), executed in June, 2011, which agreement is incorporated in this instrument
by reference ( "Agreement "), NCCAA accepted federal funds, in conjunction with the
United States Department of Housing and Urban Development's Home Investment
Partnership Program ( "HOME Program ") administered by the CCCIC, for the acquisition
and rehabilitation of a four -unit residential building on the following property:
Lot 38, Block 10, Carolyn Heights Unit 7, a subdivision in the
City of Corpus Christi, Nueces County, Texas, as shown by
the map or plat of record found in the official Map Records of
Nueces County, Texas, and commonly known by its street
address of 3609 Crestbrook Court, located in Corpus Christi,
Nueces County, Texas (hereinafter referred to as the
"Property ").
Pursuant to the terms, conditions, and covenants contained within the Agreement,
NCCAA, in consideration of receiving the construction funding, agrees to bind the
Property with the affordability requirements specified in Title 24, Part 92.252, of the
United States Code of Federal Regulations, for a period of not less than 15 years from
the date of completion of the rehabilitation, such date of completion presently unknown
but anticipated to be not later than January 31, 2012.
(EXECUTION PAGE FOLLOWS)
2011 -246
06128/11
NCCAA INDEXED
This instrument constitutes a covenant running with the land required by
federal law and binds NCCAA'S successors, heirs, assigns, and transferees, such
Property being subject to this instrument.
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Sig to e
Printed name
Date: 4 y7 • t 1
ACKNOWLEDGMENTS
HOUYD. TYRES
• a Notary Public
.. '# STAITEOFTF.XAS
WCOM- l3xp.M927, 2013
STATE OF TEXAS §
§ KNOW ALL BY THESE PRESENTS:
COUNTY OF NUECES §
This instrument was acknowledged before me on the -(5— day of 2011
by _ J e A. w c r*i ELL as Executive Director of Nueces
County Community Action Agency, a Texas nonprofit corporation, on behalf of the
corporation.
.............. .
Z .
NOTARY P LIC, Sta of Texas
AFTER RECORDING RETURN TO:
ATTN: Community Development Administrator
Corpus Christi Community Improvement Corporation
P. O. Box 9277
Corpus Christi, TX 78469 -9277
&N C AUTHURIIL4.
....,�......................
ht
gFCRETARY l2
J
DEED COVENANT
TO BIND PROPERTY
FOR PERIOD OF AFFORDABILITY
STATE OF TEXAS - §
§ KNOW ALL BY THESE PRESENTS:
COUNTY OF NUECES §
Pursuant to an agreement entered into between the Corpus Christi Community
Improvement Corporation ( "CCCIC ") and the Nueces County Community Action Agency
( "NCCAA "), executed in June, 2011, which agreement is incorporated in this instrument
by reference ( "Agreement "), NCCAA accepted federal funds, in conjunction with the
United States Department of Housing and Urban Development's Home Investment
Partnership Program ( "HOME Program ") administered by the CCCIC, for the acquisition
and rehabilitation of a four -unit residential building on the following property:
Lot 38, Block 10, Carolyn Heights Unit 7, a subdivision in the
City of Corpus Christi, Nueces County, Texas, as shown by
the map or plat of record found in the official Map Records of
Nueces County, Texas, and commonly known by its street
address of 3609 Crestbrook Court, located in Corpus Christi,
Nueces County, Texas (hereinafter referred to as the
"Property ")
Pursuant to the terms, conditions, and covenants contained within the Agreement,
NCCAA, in consideration of receiving the construction funding, agrees to bind the
Property with the affordability requirements specified in Title 24, Part 92.252, of the
United States Code of Federal Regulations, for a period of not less than 15 years from
the date of completion of the rehabilitation, such date of completion presently unknown
but anticipated to be not later than January 31, 2012.
(EXECUTION PAGE FOLLOWS)
iF
Doc' 2012008
V Pages 3
03/07/2012 9:32AN
Official Records of
NUECES COUNTY
DIANA T. SARRERA
COUNTY CLERK
Fees $23.00
Ang provision herein which restricts the Sale►
Rental or use of the described
REAL. PROPERTY because of Racei Colors
Religions Sexy Handicapy Familial Statusr or
National Origin is invalid and unenforceable
under FEDERAL. LAWY 3/12/89.
STATE OF TEXAS
COUNTY OF NUEGES
I hereby certify that this instrument was FILED
in file number sequence on the date and at the
time stamped heroin bg mei and was dulq RECORDED
it the Official Public Records of
Nueces Countuy Texas
Diana T. 8arrera
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