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25G - AGMT - INCLUSIONARY HOUSING AGMT
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25G - AGMT - INCLUSIONARY HOUSING AGMT
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4/2/2015 4:28:32 PM
Creation date
4/2/2015 3:22:49 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
25G
Date
4/7/2015
Destruction Year
2020
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Vill. Severability <br />If any one or more of the provisions contained in this Inclusionary Housing <br />Covenants Declaration for any reason shall be held to be invalid, illegal or <br />unenforceable in any respect, then such provision or provisions shall be deemed <br />severable from the remaining provisions contained in this Inclus €unary Housing <br />Covenants Declaration, and this Inclusionary Housing Covenants Declaration <br />shall be Construed as if such invalid, illegal or unenforceable provisions had <br />never been contained'. herein. <br />IK Time of the Essence <br />Time is of the essence for this entire Inclusionary Housing Covenants <br />Declaration. Whenever the time for performance falls on a day which is not a <br />business day, such time for performance shall be extended to the next business <br />day. <br />X. Covenants Running with the Land <br />All provisions of this Inclusionary Housing Covenants Declaration, including the <br />benefits and burdens, are equitable servitudes, run with the land and are binding <br />upon the heirs successors, assigns and personal representatives of the Owner <br />hereto and Inure to the benefit of the City and permitted successors and assigns. <br />The covenants benefit and bind the City, the Inclusionary Unit and the Caner <br />thereto. Each and every contract, deed or other instrument covering, conveying <br />or otherwise transferring the Inclusionary Unit or any interest therein shall <br />conclusively be held to have been executed, delivered and accepted subject to <br />this Inciusionary Housing Covenants Declaration regardless of whether the other <br />party or parties have actual knowledge of this Inclusionary Dousing Covenants <br />Declaration. <br />XI. Construction <br />The rule of strict construction does not apply to this Inclusionary Housing <br />Covenants Declaration. This Inclusionary Housing Covenants Declaration shall <br />be given a reasonable construction to prevent any use of the Inclusionary Unit in <br />violation of this Incluionary Housing Covenants Declaration. Whenever the <br />context and construction so requires, all words used in the singular shall be <br />deemed to be used in the plural, all masculine pronouns shall include the <br />feminine and neuter, and vice versa. <br />indusionary Housing covenants 6adaralan ., Page 30 <br />Cate or Santa Ann Jan @ary M€s <br />25G -66 <br />
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