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Commission authorizes 'JD' to sign closing documents for feed mill sale
Summary
The board authorized a designee (identified in the transcript as 'JD') to sign closing documents and approved payment of incidental closing costs so the feed mill sale can close; staff will provide the final payoff figure shortly before closing.
Commission members discussed the final payoff and deed transfer for the feed mill property and moved to authorize a commission designee, identified in the meeting as "JD," to sign closing documents necessary to complete the sale.
Staff said title work and closing statements would be prepared by Sarah Barnett, and that the buyer or seller would owe customary incidental costs such as recording fees. The commission passed a motion to authorize JD to sign the paperwork and to approve payment of incidental closing costs so Sarah can complete the closing without calling a special meeting.
No final payoff figure was recorded in the public discussion; staff said the exact number would likely be known only a couple of days before closing because of title and recording fees. The commission directed staff to proceed with normal closing procedures and to report back when the deed is recorded.
