Board approves slope easement with CNE and Creator Group LLC for property at South Lowry and East 19th
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Summary
The Housing Facilities Board approved a slope easement granting the board rights to stabilize a sloped parcel leased to CNE at the corner of South Lowry Street and East 19th Street; the easement records no monetary exchange and will require execution by multiple parties and recording adjustments.
The Housing Facilities Board approved a resolution authorizing the chair and vice chair to execute a slope easement agreement between the board (as property owner), CNE (grantee) and Creator Group LLC (grantor) for property at South Lowry Street and East 19th Street.
Presenter Jake Toner explained the easement follows construction where a driveway entrance sits above grade; the easement is intended to allow stabilization work (backfill or other measures) and to encumber the adjacent property so the board retains the right to maintain the slope. Toner said there was no exchange of funds for the easement and that the physical work had already been completed; the document is intended to record and preserve the right to the slope in perpetuity.
Board members asked administrative questions about the recorded value (an oath of value listed $0), who must sign the oath(s) of value and how the easement should be recorded. Staff and the presenter agreed to add an additional sheet so two grantee oaths of value could be recorded correctly and said they would email corrected materials for signature and proper recording.
After procedural discussion the board moved, seconded and approved the resolution by voice vote with no opposition recorded.
Next steps: staff will add the sheet(s) for recording and circulate corrected documents for signatures to complete the recorded easement.