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DocuSign Envelope ID:6DC1ED22-B276-4193-B1F9-548B6AFFC7C5 <br /> EXHIBIT C <br /> Prepared by and return to: Annette Moore, Orange County Attorney's Office: <br /> P.O. Box 8181; Hillsborough, NC 27278 <br /> PIN#XXXXXXXX <br /> DECLARATION OF RESTRICTIVE COVENANTS <br /> THIS DECLARATION OF RESTRICTIVE COVENANTS ("Declaration"), dated <br /> , by Empowerment, Inc., a North Carolina Non Profit Corporation, for itself <br /> and its successors and assigns ("Owner" or "Empowerment"), is given as a condition precedent <br /> to the award of funds. <br /> RECITALS: <br /> WHEREAS, the Orange County Board of Commissioners awarded Empowerment, Inc. <br /> $280,600 in funding for mitigating resident displacement and relocation challenges due to park <br /> closures and redevelopment efforts(hereinafter"Project Funds"); and <br /> WHEREAS, Empowerment intends to use the Project Funds to acquire property for <br /> relocation services (herein after referred to as "the Project dwelling unit" or "the Project") and <br /> will remain affordable to low income families throughout the term of the 20 year period of <br /> affordability. The Project dwelling unit is located on the property more particularly described in <br /> EXHIBIT A, Legal Description, attached hereto and made a part of this Agreement (hereinafter <br /> referred to as "the Property") (All Exhibits attached to this Agreement are hereby made a part of <br /> this Agreement and are incorporated into this Agreement, as it now reads or as it may be <br /> modified by the parties); and <br /> WHEREAS, notwithstanding any provision of this Agreement, the County and the <br /> Empowerment hereto agree and acknowledge that this Agreement does not constitute a <br /> commitment of funds or site approval, and that such commitment of funds or approval may occur <br /> only upon satisfactory completion of an environmental review. The parties further agree that the <br /> provision of such funds to the project is conditioned on Orange County's determination to <br /> proceed with, modify, or cancel the project based on the results of a subsequent environmental <br /> review. <br /> WHEREAS, Empowerment as a condition precedent to the awarding of funds, shall <br /> execute, deliver and record this Declaration in the Office of the Register of Deeds of Orange <br /> 16 <br />