Approve documents related to the plat of COR TWO

 As part of the sale of Lo3 3, Block 1, COR TWO, there are several documents that will be necessary to address ongoing operations and maintenance issues between all five lots in the development. These agreements are coordinated by the HRA as pert of the sale, but once the disposition of the three HRA lots is complete, these agreements will be managed on an ongoing basis by the eventual owners of those lots, and the HRA will no longer be a party to the agreements.

The development team recommends the HRA Approve:

• The Final Plat of COR TWO
• The Agreement related to the Plat of COR TWO
• The Agreement and Declaration of Easements, Covenants, and Restrictions – COR TWO
• The Declaration of Signage and Utility Easements – COR TWO
• The Restrictive Covenants related to Lot 4, Block 1, COR TWO

 

There are five (5) actions related to this case:

1. Approve the Final Plat of COR TWO, and direct the development team to assemble all documents necessary to record the plat simultaneous to the initial project closing.
2. Approve the Agreement related to the Plat of COR TWO, subject to final modifications by HRA Counsel, and direct the development team to assemble all documents necessary to record the agreement simultaneous to the initial project closing.
3. Approve the Agreement and Declaration of Easements, Covenants, and Restrictions – COR TWO, subject to final modifications by HRA Counsel, and direct the development team to assemble all documents necessary to record the agreement simultaneous to the initial project closing.
4. Approve the Declaration of Signage and Utility Easements – COR TWO, subject to final modifications by HRA Counsel, and direct the development team to assemble all documents necessary to record the agreement simultaneous to the initial project closing.
5. Approve the Restrictive Covenants related to Lot 4, Block 1, COR TWO, subject to final modifications by HRA Counsel, and direct the development team to assemble all documents necessary to record the agreement simultaneous to the initial project closing.