For the purpose of this article, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
ACT. The State Housing Development Authority Act, being Public Act 346 of 1966 of the State of Michigan, being M.C.L.A. §§ 125.1401 et seq., as amended.
ANNUAL SHELTER RENT. The total collections during an agreed annual period from or paid on behalf of all low-income persons, as defined herein of the housing development project representing rent or occupancy charges, exclusive of charges for utilities, as defined herein.
AUTHORITY. The Michigan State Housing Development Authority.
CITY. The City of Charlotte, a Michigan municipal corporation.
COMMENCEMENT OF CONSTRUCTION. The commencement of the housing rehabilitation, as defined herein.
HOUSING REHABILITATION PROJECT. The project being rehabilitated at the housing rehabilitation location, consisting of multiple buildings to include qualified low-income residential apartment units including approximately 100 units reserved for low income persons and such recreational, industrial, communal and educational facilities as the sponsor and/or authority determine will improve the quality of the housing rehabilitation project as it relates to housing for low income persons.
HOUSING REHABILITATION LOCATION. 535 Lansing Street, Parcel No. 200-0007-400-081-00, legally described as Com 810.89 ft S of center Sec.7, N 35 deg 26 min 21 sec E 410.00 ft, S 54 deg 33 min 39 sec E 383.98 ft, S 63 deg 20 min 20 sec E 123.78 ft, S 35 deg 26 min 21 sec W 174.89 ft, S 54 deg 33 min 39 sec E 429 ft, SWLY on C/L Lansing Rd 238 ft, N 54 deg 33 min 39 sec W 429 ft, S 35 deg 26 min 21 sec W 16 ft, N 54 deg 33 min 39 sec W 506.31 ft to beg. Sec.7, T2N, R4W, City of Charlotte 1980.
LOW INCOME PERSONS. Persons eligible to move into the housing rehabilitation project pursuant to the Act and the authority.
SPONSOR. Related Affordable, LLC; Butternut Creek Preservation LDHA, 423 W 55th St., 8th Floor, New York, NY 10019.
UTILITIES. Fuel, water, heat, sanitary sewer service and/or electrical service furnished to the occupants which are paid by the Housing Development Project.
(Ord. 2022-09, passed 1-3-2023)