R2019-73 Resolution Amending the Real Estate Contract for Property Located in the 200-300 Blocks of East Orchard Street, the 200-300 Blocks of East Marietta Street and the 1000 Block of North Warren Street in the Wabash Crossing Redevelopment Area

Home Browse Search

(i)Except for the City of Decatur,restrict use of the premises for a peziod of not less than 10 years to use by a not-for-profit corporation to provide a multipurpose agency to include a not-for-profit commercial kitchen for federally qualified senior nutrition programs,community services assisting low-income individuals working tawards family stability,youth and senior services and associated uses,all afwhich serve at least 51%low-ta moderate income residents as defined by the U.S.Departrnent af Housing and Urban Development,or with the prior written consent of the City, those uses, including but not limited to social services and residential or institutional uses,that are consistent with the national CDBG objectives, which a�reement shall not be unreasonablY withheld. (ii) Allow Selter or its designee for the period of the use restriction to monitor compliance with the use of the Premises reyuirernent, as may be reyuired by the U.S.Deparhx►ent of Honsing and Urban Development and allowed under federal law;and (iii)Substantialty complete construction of said structure within two(2) years of the date of closing(subject to force majeure delays);and (iv)Transfer ownership from Buyer back to the City of Decatur in the event Buyer fails to substantially complete construction of the structure within two(2)years of the date of closing. (D) Buyer shall record a Memorandum of Agreement of this cantract in substantially the same form as Exhibit C attached hereto. b. Substantial Com,.pletion.Substantial completion shall mean complete construction of the shell and core, with finished interiors of common areas. Substantial completion shall be evidenced by issuance of a certificate of occupancy under applicable codes of the City of Decatur, excluding minor and ancillary alterations,or additional work. 7. Use Restriction.The requirements:(a)that a structure be constructed and operated by a not-for-profit corporation providing a multipurpose agency to include a not for-profit commercial kitchen for federally qualified senior nutrition programs,community services assisting law-income individuals working towards family stability,youth and senior services and associated uses, all of which serve at least 51% low-tamoderate income residents as defined by the U.S. 6