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CLEVELAND ISD accepts conditional donation of Santa Fe subdivision tract from Colony Ridge Development
Summary
Trustees unanimously accepted a Letter of Intent from Colony Ridge Development, LLC to donate Reserve G, Block 9, Section 10 of Santa Fe Subdivision, conditioned on receipt of a title policy, a variance, and donor payment of recording charges.
The Cleveland ISD board accepted a Letter of Intent to donate real property from Colony Ridge Development, LLC for Reserve G, Block 9, Section 10 of the Santa Fe Subdivision. Trustees approved acceptance with conditions requiring the donor to provide a title policy, secure any needed variance, and cover all recording charges associated with the donation. The motion was made by Bethany Porter and seconded by Jennifer Peña; the vote was 6-0.
Board discussion recorded that acceptance is conditional on those documents and payments being provided by the donor; district staff will verify title and recording prior to final conveyance.
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