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File #: 0501-19    Version: A Name: Communication from Deborah Hall, on behalf of J. Jeffers & Co., requesting the subordination of the City’s mortgage rights to the easement interest associated with the Gold Medal Lofts development at 1700-1701 Packard Avenue.
Type: Communication Status: Passed
File created: 4/29/2019 In control: Public Works and Services Committee
On agenda: 5/21/2019 Final action: 5/21/2019
Title: Subject: Communication from Deborah Hall, on behalf of J. Jeffers & Co., requesting the subordination of the City’s mortgage rights to the easement interest associated with the Gold Medal Lofts development at 1700-1701 Packard Avenue. Recommendation of the Public Works and Services Committee on 05-14-19: Grant authority for the mortgage to be subordinated to the proposed easements. Fiscal Note: Requestor shall be responsible for the costs of recording with the Register of Deeds.
Sponsors: John Tate II
Attachments: 1. 0501-19 Utility Easement - City and Property Owners (Stormwater Area) (final).pdf, 2. 0501-19 Easement Agreement - Parking Lot Playground Stormwater (final).pdf, 3. 0501-19 Consent to Easements - City of Racine.pdf, 4. #0501-19 Resolution

Title

Subject: Communication from Deborah Hall, on behalf of J. Jeffers & Co., requesting the subordination of the City’s mortgage rights to the easement interest associated with the Gold Medal Lofts development at 1700-1701 Packard Avenue.

 

Recommendation of the Public Works and Services Committee on 05-14-19: Grant authority for the mortgage to be subordinated to the proposed easements.

 

Fiscal Note: Requestor shall be responsible for the costs of recording with the Register of Deeds.