Thisisaproposedmandatoryformdocumenttoberequired.docVIP

PAGE  PAGE 8 DRAFT JANUARY 2003 September 28, 2000 This is a proposed mandatory form document to be required by HUD. This document may not be changed without HUD’s prior written approval. REQUIRED FORM DECLARATION OF RESTRICTIVE COVENANTS [OPERATING FUNDS ONLY] THIS DECLARATION OF RESTRICTIVE COVENANTS [OPERATING FUNDS ONLY] (the “Declaration”) is made and entered into as of this [1] ] day of [1] , 200 [1] by and between [2] (the “Authority”), a public body corporate and politic, organized and existing under the laws of [3] , and [4] (the “Owner”), a [5] , for the benefit of the United States of America, acting by and through the Secretary of Housing and Urban Development (“HUD”). WHEREAS, pursuant to the U.S. Housing Act of 1937, as amended, and any successor legislation (the “Act”) the Authority and HUD have entered into a Consolidated Annual Contributions Contract (“ACC”) number: [6] , dated [7] , as the same may be amended from time to time, which provides for grants and annual contributions to be made by HUD to assist the Authority in developing, maintaining, and operating its public housing units in accordance with all applicable public housing requirements (as further defined below); and WHEREAS, as of the date of execution of this Declaration, HUD and the Authority have entered into a certain Mixed Finance Amendment to Consolidated Annual Contributions Contract for Projects Receiving Only Public Housing Operating Fund Assistance, Amendment No. [8] to the ACC (“Mixed Finance ACC Amendment”), adding the [9] public housing units and any associated appurtenances to the ACC under project number [10] in the City of [11] , County of [12] , in the State of [13] (which, together with any fixtures, rents, revenues, other income, and personalty related to such units and appurtenances