284-Restrictive Covenant RESTRICTIVE COVENANT
WHEREAS, W. Michael Nace owns a vacant lot at the south-
east corner of Third Street and Park Avenue in Sanford, Florida
described as "Lot 9, Block S, Tier 13, E. R. Trafford's Map of
the Town of Sanford'!; and
WHEREAS, the said W. Michael Nace also owns Lot 12,
less the south 12 feet, Block 5, Tier 13, E. R. Trafford's Map
of the Town of Sanford, also known as 311 Park Avenue, upon which
there exists a two-story frame rooming house with a total of
seven (7) rental rooms; and
WHEREAS, the existing ordinances of the City of Sanford
require at least one off-street parking space per rental unit,
and as an inducement to the City of Sanford to approve a site
plan for the operation and maintenance of said rooming house,
the said W. Michael Nace desires to assure the City of Sanford
that said off-street parking requirement will be met as long as
the said rooming house is operational for room rental purposes;
NOW, THEREFORE, the said W. Michael Nace covenants so
long as the building at 311 Park Avenue located upon the property
as above described is operated as a rental property, that suffi-
cient parking spaces will be maintained upon said Lot 9, Block S,
Tier 13 of E. R. Trafford's Map of the Town of Sanford so that
said spaces together with two spaces located upon said Lot 12 ~
will equal the number of off-street parking spaces required by !
appropriate City codes. ~
The said W. Michael Nace acknowledges that the afores~d
covenant is a condition for the approval of said site plans an~
for the licensing of the operation of said property at 311 ar~ co
~IN TNESS WHEREOF, the said W. Michael Nace has hereunto
set his nd al this ~ ~ day of November, 1986.
W. MICHAEL NACE
CO LE
BEFORE ME, the undersigned authority, personally appeared
W. MICHAEL NACE well known to me and known by me to be the person
described in and who executed the foregoing instrume~,,~ acknow,
.... V Commis~ EXVi~e~'.