Common Contracts
1 similar Owner Participation Agreement contracts
TOWN OFOwner Participation Agreement • November 4th, 2010 • California
The Owner Participation Agreement (OPA) between the Town of Apple Valley and AVHTV, LP was approved by Council on June 22, 2010, in order to acquire and complete improvements required for an affordable housing development consisting of a 34-unit, for-sale, condominium project commonly known as Happy Trails Villas. The development is located on the N/W/C of Highway 18 and Kiowa Road. Because of the changes fro rental to a for-sale product, and changing market conditions, staff determined that certain modifications and an amendment to the agreement are necessary to ensure the project may be implemented smoothly and accomplish its stated goal.
