Checklist for Covenant of Purpose Use and Ownership

OMB Control No. 0610-0096
Expiration Date: xx/xx/20xx

ECONOMIC DEVELOPMENT ADMINISTRATION
COVENANT OF PURPOSE, USE AND OWNERSHIP CHECKLIST
EDA Award Number:

Date:

Recipient:
Co-Recipient(s):
Recipient’s Authorized Representative:
Name & Phone Number

Executed or
Draft Covenant of Purpose, Use and Ownership document submitted
to EDA for securing EDA’s interest in the property acquired or improved by this Award.
The Covenant of Purpose, Use, and Ownership document is required by Special Award
Condition Number(s):
.
Y

1. All Special Award Conditions required for the Covenant of Purpose, Use, and
Ownership have been met.
2. The Covenant of Purpose, Use, and Ownership document has been completely
filled out.
3. “Exhibit A” has the complete legal description of the project property and
has been attached to the draft/executed Covenant of Purpose, Use, and
Ownership document.
4. The completed Covenant of Purpose, Use, and Ownership document has been
recorded in the appropriate jurisdiction.
5. If required by EDA, an opinion of Recipient’s counsel has been provided to
substantiate that the Covenant of Purpose, Use and Ownership was validly
executed and properly recorded.
6. A signed statement from the Recipient’s counsel confirming that
there is a legal impediment that prevents granting EDA a first priority lien
and explaining the nature of this legal impediment is also included.

Prepared By (Signature)

Date

Prepared By (Typed or Written Name & Title)
Page 1 of 1

N

NA