Common Contracts
1 similar Partial Release of Land Use Restriction Agreement contracts
LAND USE RESTRICTION AGREEMENTPartial Release of Land Use Restriction Agreement • June 20th, 2022
WHEREAS, Florida Housing made a loan to the Housing Finance Authority of St. Johns County, a public body corporate and politic duly created and existing under the laws of the State of Florida (the “Borrower”), under the Community Workforce Housing Innovation Pilot Program, Section 420.5095, Fla. Stat., and the applicable rules of Florida Housing related thereto, as codified at Chapter 67-58, Fla. Admin. Code, in effect as of December 17, 2006, in the principal amount not to exceed FIVE MILLION AND NO/100 DOLLARS (5,000,000.00) (the “Loan”), of which not to exceed ONE MILLION SEVEN HUNDRED THOUSAND AND NO/100 DOLLARS ($1,700,000.00) would be passed through by the Borrower to Habitat for Humanity of St. Augustine/St. Johns County, Inc., a Florida not-for-profit corporation (“Habitat”), all to be used by the Borrower to finance a portion of the costs in connection with the construction financing of 111 single-family homes on scattered sites (77 of such sites located on property owned by t
