Price Appreciation Caps. The County will not enter into any agreement with the Subject Property Owner that imposes a Price Appreciation Cap on the Subject Property, unless the applicable Association(s) expressly agrees to such Price Appreciation Cap in writing. This provision does not preclude San Xxxxxx County, as an owner, from negotiating a profit sharing requirement or any other mechanism to recoup its expenditure of funds during the resale of the Affordable Housing unit.
Appears in 6 contracts
Samples: Deed Restriction and Covenant, Deed Restriction and Covenant, Deed Restriction and Covenant
Price Appreciation Caps. The County will not enter into any agreement with the Subject Property Owner that imposes a Price Appreciation Cap on the Subject Property, unless the applicable Association(s) expressly agrees to such Price Appreciation Cap in writing. This provision does not preclude San Xxxxxx Miguel County, as an owner, from negotiating a profit profit-sharing requirement or any other mechanism to recoup its expenditure of funds during the resale of the Affordable Housing unit.
Appears in 1 contract
Samples: Deed Restriction and Covenant
