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Council signs covenants for Block housing development; sets size, garage and affordability limits
Summary
The council approved covenants, conditions and restrictions for a new Block housing development: twin-home lots reserved in Block 1, 925-square-foot minimum unit size, two-car enclosed garages required, a 12-month construction-start rule with developer buyback at a 25% discount, and enforcement of the SDHDA $410,000 first-time buyer cap.
The Beresford City Council authorized the covenants, conditions and restrictions (CC&Rs) for a new Block housing development and attached them to sale paperwork. Staff said the documents were based on previous developments and edited to address local TIF requirements and SDHDA affordability criteria.
Key provisions: the CC&Rs reserve Block 1 lots 1'14 for twin homes; require that construction start within 12 months of the start of construction or the developer (Bedco/VEDCO entity) may…
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