Primary Residence Purchase Assistance Sample Clauses

Primary Residence Purchase Assistance. If during the term of the Agreement, Engeland decides to purchase a primary residence within the corporate limits of the City, the City agrees to negotiate in good faith an agreement with Engeland whereby the City provides some form of financial assistance toward the purchase of the residence. The amount of the City’s assistance and Engeland’s contribution, the method of financing, and other elements of a purchase transaction will be determined through good faith negotiations and mutual agreement and documented in an amendment to this Agreement. Engeland’s performance of his duties and responsibilities as City Manager will also be factored into such negotiations. At no time will the City provide both the Temporary Housing Assistance and the Primary Residence Purchase Assistance at the same time.
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