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Council approves loan and deed‑restriction plan for Mountain (Glen Valley) mobile home park, sets 150% AMI priority period
Summary
The council approved legal documents and a conditional $1.5 million structure to help preserve the Mountain/Glen Valley mobile home park as owner‑occupied housing, adopting a deed restriction that provides a 45‑day priority period for Glenwood workforce buyers and sets the moderate‑income target at 150% of area median income.
City attorneys and staff outlined on June 19 a proposed $1.5 million loan structure and accompanying deed restriction intended to preserve the Mountain Mobile Home Park (also referred to as Glen Valley) as an owner-occupied manufactured-home community. Staff described two substantive edits to the packet after council input: removing a separate low-income tier so that eligibility targets a single "moderate income" threshold, and adding an explicit…
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