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Lakeside Center Non -Profit <br />P.O. Box 1704 <br />Dickinson, Texas 77539 <br />Ownership <br />The property will be jointly owned by the State of Texas and Lakeside <br />Center, the non-profit located in Dickinson, Texas. <br />Lakeside Center has been involved in providing affordable housing to the <br />Galveston,. and Dickinson area for many years. Lakeside Center mission is <br />to provide safe and affordable housing and enhance the local community. <br />Lakeside Center has completed several successful projects and will continue <br />to strive to meet a very vital need of affordable housing in local <br />communities. <br />State of Texas —State of Texas will hold the note on the property. The <br />State of Texas requires at the time of closing that a LURA be filed with the <br />state.' The LURA- Land Use Restriction Agreement is required by the <br />Department and define the uses of the property. If the property is not <br />maintained as presented to the State or the City of La Porte the property may <br />be taken over by the State -and administered as per the LURA by the state- or <br />its. designated representative. <br />