Mariposa at Western Heights

Amends a TIF development agreement for the Mariposa at Western Heights mixed-income apartment development to subordinate city deed restrictions in favor of lender Bellwether Enterprise Mortgage Investments, LLC and extends the affordability period from 15 to 20 years, at no cost to the city.

…provided by Lender for the mixed-income apartment development commonly known as Mariposa at Western Heights, formerly known as the Villas at Western Heights (“Project”), addressed as 1641…

Amendment to a TIF development agreement for the Mariposa at Western Heights mixed-income apartment development, allowing the City to subordinate deed restrictions to a Fannie Mae permanent financing loan and accepting a limited recapture guaranty from the developer in exchange.

…ided by Fannie Mae for the mixed-income apartment development commonly known as Mariposa at Western Heights, formerly known as the Villas at Western Heights (“Project”), addressed as 1641…