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EDA approves transferring Forks Home Builders lot into North Star Community land package
Summary
The East Grand Forks Economic Development Authority voted to allow a Forks Home Builders lot to be included in a pledged purchase package with North Star Community Land Trust, with staff to complete deed and mortgage release steps required for transfer.
The East Grand Forks City Economic Development Authority on Feb. 26 approved allowing a lot currently tied to Forks Home Builders to become part of a pledged purchase package being assembled by North Star Community Land Trust.
The motion, made during discussion of the Water’s Edge neighborhood lots, directs staff to facilitate a transfer so the community land trust can hold one additional lot with a $1,000 deposit while the parties finalize title and mortgage releases. The board approved the motion by roll call.
Why it matters: North Star is purchasing four lots in Water’s Edge and asked to add a fifth parcel currently shown in…
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