Commission presses staff on title and closing steps for bank-owned lot

Several commissioners sought clarity about whether the bank had converted a certificate of sale into marketable title and what conditions might prevent a timely closing. One commissioner asked, "What, why isn't this certificate a title been issued?" and staff answered that the city had communicated with the bank and its attorney and would coordinate title work after contract approval.

Staff emphasized that the seller is responsible for delivering title and that the city would take ownership of title issues only once the contract is approved. "We didn't wanna take ownership of that issue until the contract was approved," staff said, adding that staff may pull title reports and coordinate objections as part of closing. Commissioners flagged title risk as one reason for caution but the resolution did not add an explicit condition making closing contingent on a newly issued certificate of title; staff will follow up during the closing process.