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Council adds and approves deed-cancellation resolution for CHIP-era subordinate deed
Summary
Council amended the agenda to add Resolution R-2410-47 and then voted to authorize cancellation of a subordinate deed, restrictive covenant and security agreement granted in 2009 (CHIP program) for property at 520 South Warren Street owned by Shirley Young to facilitate a pending sale.
At the start of the meeting the City Council agreed to amend the agenda to add Resolution R-2410-47, which the clerk later read by caption and the council adopted unanimously.
The resolution authorizes cancellation of a subordinate deed to secure debt, a restrictive covenant and security agreement that was granted to the city in February 2009 as part of the CHIP grant program. The specific property identified in the resolution is 520 South Warren Street (Milledgeville, GA 31061), and the grantor named in the caption is Shirley Young.
City Manager Mister Griffith explained the usual pattern for these cancellations: they typically arise when a title search for a pending sale shows a subordinate deed from the CHIP program. Councilors approved the cancellation to allow the pending closing to proceed.
The clerk recorded a unanimous roll-call vote. The resolution was added to the agenda at the request of the closing attorney for expedited processing.
