Lawndale Heights

Key facts from Lawndale Heights's documents

Reflects the 2008 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Units / lots

123-unit apartment facility (Recital 2 "123-unit apartment facility")

Developer / declarant

Lawndale Heights, L.P. (Borrower/Grantor), The Industrial Development Authority of the City of Kansas City, Missouri (Issuer/Grantee), and U.S. Bank National Association, as Bank (Grantee). (cover page Grantor/Grantee; page 3 parti)

Governing law

Chapter 349, Revised Statutes of Missouri, as supplemented and amended (the "Act"); Missouri Recording Act §59.310.2 RSMo. (Recital 1; cover page "§59.310.2 RSMo. o)

Collections & liens

The Deed of Trust is referenced; foreclosure, deed in lieu of foreclosure, exercise of power of sale, or similar involuntary transfer are excluded from transfer restrictions and may terminate the Agreement. (Section 10(a); Section 11(b)(i)-(ii))

Leasing & rentals

true; all units must be leased, rented, or available for lease or rental on a continuous basis to members of the general public, except units for resident manager, maintenance, and/or security personnel. (Section 3(h); Section 5)

Parking & vehicles

Parking areas are functionally related/subordinate facilities that must be made available to all tenants on an equal basis; fees only if customary and non-discriminatory. (Section 3(c) "e.g., parking areas")

Use restrictions

true; no part of the Project may be used as a hotel, motel, dormitory, fraternity/sorority house, rooming house, hospital, nursing home, sanitarium, rest home, retirement home, or trailer park. (Section 3(g))

Amendments

Amendments require a written instrument executed by the parties, duly recorded in County real property records, and a written Bond Counsel opinion that the amendment will not adversely affect tax-exempt status and is not contrary to the Act (Section 8; Section 15(a))

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.