HomeMy WebLinkAboutOrder 048 - Reconveyance Deeds
Deschutes County Board of Commissioners
1300 NW Wall St., Suite 200, Bend, OR 97701-1960
(541) 388-6570 - Fax (541) 385-3202 - www.deschutes.org
AGENDA REQUEST & STAFF REPORT
For Board WORK SESSION of August 30, 2010
_____________________________
Please see directions for completing this document on the next page.
DATE: August 25, 2010
FROM: Laurie Craghead. Legal 388-6623
TITLE OF AGENDA ITEM:
Consideration and signature of Order No. 2010-048, Authorizing Community Development Director to
Sign Reconveyance Documents For Elk Horn Development LLC Trust Deeds
PUBLIC HEARING ON THIS DATE? No.
BACKGROUND AND POLICY IMPLICATIONS:
On August 12, 2010, the Board entered into an agreement, Contract No. 2010-576 with Elk Horn Land
Development Inc in which the Board agreed to accept $80,000 to complete the obligations owed by Elk
Horn and to remove the County's lien interest in the properties owned by Elk Horn in the Crescent
Creek neighborhood in La Pine. To do that, a Request for Reconveyance must be signed for each of the
two trust deeds. Additionally, there may be other documents that will need to be signed in closing.
Thus, this order allows for an appropriate timing of the closing of the transaction by authorizing the
Community Development Director to sign all documents necessary for that closing. This also allows
for the quick completion of all County obligations under Contract 2010-576.
The order also authorizes the County Legal Counsel or his designee to sign the escrow instructions.
FISCAL IMPLICATIONS:
None
RECOMMENDATION & ACTION REQUESTED:
Motion to approve Order No. 2010-048.
ATTENDANCE: Laurie Craghead
DISTRIBUTION OF DOCUMENTS:
Copy to Laurie Craghead and Tom Anderson.