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Cleveland ISD accepts letter of intent from Colony Ridge to donate two lots
Summary
The board accepted a Letter of Intent from Colony Ridge Development, LLC to donate Lot 4783 and Lot 4784 (Block 48, Section 3, Santa Fe Subdivision) provided Colony Ridge supplies a title policy and pays recording charges.
The Board of Trustees accepted a Letter of Intent from Colony Ridge Development, LLC to donate two parcels identified as Lot 4783 and Lot 4784, Block 48, Section 3 of the Santa Fe Subdivision. Acceptance was conditional on Colony Ridge providing the district with a title policy and paying all recording charges. The motion was made by Shaquille Sampson, seconded by Jennifer Peña, and passed 7 to 0.
The minutes list the donated parcel descriptions and the donor's responsibility for recording charges; no purchase price or additional financial consideration was recorded in the meeting minutes. The board did not attach further contingencies beyond the title policy requirement noted in the minutes.
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