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Trust approves easements, partial mortgage release for Lot 9 conveyance at Wiggles Way
Summary
The Affordable Housing Trust approved documents required for the conveyance of Lot 9 (formerly part of 31 Fairgrounds Road) to the land bank, including a declaration of cross-easements, a partial release of mortgage, and related agreements. Staff described maintenance and public-access provisions tied to the lot.
The Affordable Housing Trust voted June 17 to approve execution of documents tied to the conveyance of Lot 9 — part of the former 31 Fairgrounds Road subdivision and commonly described in materials as portions of Wiggles Way.
Staff explained that because the Trust holds the mortgage on the property, it needed to approve a set of documents to allow the conveyance. Vicky Marsh and Christie (staff) walked trustees through the packet, which included a declaration of cross-easements, an acknowledgment terminating an affordable-housing restriction for the specific lot, a…
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