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City administrator: housing land trust escrow documents finalized, county signatures pending
Summary
City administrator Stu McCray said escrow agreements for a housing land trust have been finalized and will be routed to county signatories and then notarized and recorded; one document must be reprinted in 12-point font to satisfy attorneys.
City Administrator Stu McCray told the council that escrow documents for a housing land trust are complete and that he has obtained one necessary signature; county signatures remain to be collected before notarization and recording.
McCray said attorneys required a 12-point font on one document, so he will reprint it on legal-size paper for signature. He said he will take the documents to the county the next day to collect remaining signatures, then proceed with notarization and recording so file copies can be distributed.
Why it matters: Finalized escrow documents are a procedural step toward establishing the housing land trust and recording the agreements necessary to implement the program.
No formal council action recorded; staff reported procedural next steps for execution and recording of escrow documents.
