BROWN RANCH COMMUNITY AFFORDABILITY AGREEMENT, RESIDENTIAL HOUSING RESTRICTIVE COVENANT, AND NOTICE OF LIENRanch Community Affordability Agreement • September 8th, 2023
NOW, THEREFORE, in consideration of the foregoing Recitals, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Developer hereby declares that the Property and the Units shall hereafter be held, sold, and conveyed subject to the following covenants, restrictions, and conditions, all of which shall be covenants running with the land in perpetuity, and which are for the purposes of ensuring that the Property and the Units remains available for purchase and occupation by persons residing and working in Routt County, Colorado, as affordable and attainable housing, and protecting the value and desirability of the Property and the Units, and which covenants, restrictions, and conditions shall be binding on all parties having any right, title, or interest in the Property or the Units, or any part thereof, and their heirs, successors, and assigns, and shall inure to the benefit of YVHA.
