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HopeSource CIP Amend 4
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2026-04-21 10:00 AM - Commissioners' Agenda
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HopeSource CIP Amend 4
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Last modified
4/16/2026 1:11:41 PM
Creation date
4/16/2026 1:11:03 PM
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Meeting
Date
4/21/2026
Meeting title
Commissioners' Agenda
Location
Commissioners' Auditorium
Address
205 West 5th Room 109 - Ellensburg
Meeting type
Regular
Meeting document type
Supporting documentation
Supplemental fields
Item
Request to Approve Amendment 4 - HopeSource-CIP (Teanaway Court/Cle Elum Build)
Order
11
Placement
Consent Agenda
Row ID
143720
Type
Agreement
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4 <br /> All notices to the Partnership shall be sent to: <br /> <br />Teanaway Court Associates LLLP <br />c/o HopeSource <br />606 West 3rd Avenue <br />Ellensburg, WA 98926 <br />Attention: Chief Executive Officer <br /> <br />and <br /> <br />c/o SRI-Blueridge Pacific, LLC <br />2223 112th Avenue NE, Suite 102 <br />Bellevue, Washington 98004 <br />Attention: Chris Eisenzimmer <br /> <br /> All notices to Limited Partner shall be sent to: <br /> <br />Wincopin Circle LLLP <br />c/o Enterprise Community Asset Management, Inc. <br />11000 Broken Land Parkway, Suite 700 <br />Columbia, Maryland 21044 <br />Telephone: (410) 964-0552 <br />Attention: Asset Management <br /> <br />With a copy to: <br />Email: legal@enterprisecommunity.org <br />Attn: Chief Legal Officer <br /> <br />With a copy to: <br />Jessica Weston, Esq. <br />Gallagher LLP <br />218 North Charles Street, Suite 400 <br />Baltimore, Maryland 21201 <br />Telephone: (410) 727-7702 <br /> <br />13. Permitted Transfers. The withdrawal, removal, and/or replacement of the General <br />Partner of the Partnership pursuant to the terms of the Partnership’s First Amended and Restated <br />Agreement of Limited Partnership dated as of the date hereof (the “Partnership Agreement”) shall not <br />constitute a default under this County Note, the Contract, Grant or Covenant, nor shall it require the <br />consent of the County, and any such actions shall not accelerate the maturity of this County Note. The <br />transfer or assignment of a limited partner interest in the Partnership, or interests in the Limited Partner, <br />shall not constitute a default under this County Note, the Contract, Grant or Covenant, nor require the <br />consent of the County. <br /> <br />14. Casualty, Condemnation, Etc. In the event of any fire or other casualty to the project or <br />eminent domain proceedings resulting in condemnation of the project or any part thereof, Grantor shall have <br />the right to rebuild the Project, and to use all available insurance or condemnation proceeds therefor, provided <br />that (a) such proceeds are sufficient to keep this County Note in balance and rebuild the project in a manner <br />that provides adequate security to the County for repayment of this County Note or if such proceeds are <br />insufficient, then Grantor shall have funded any deficiency; (b) County shall have the right to approve plans <br />and specifications for any major rebuilding and the right to approve disbursements of insurance or
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