5.4.
HRA Regular Session
- Meeting Date:
- 04/24/2012
- By:
- Darren Lazan, Housing & Redevelopment Authority
Title:
Consider Granting Access and Utility Easement Over Outlot A, COR ONE
Background:
The currently approved site plan for The Residence, as well as the current real estate agreements, reflect a reciprocal access and utility easement over the shared drive aprons on Veterans Drive and Sunwood Drive. These instruments are being prepared for closing on the 30th of April, but the title company has requested the HRA formally approve these easements clarifying the title insurance implications.
These easements allow F&C and the eventual user to the West, to share common entrances and minimize the number of curb cuts necessary to serve the properties. This is a condition of approval we have requested from the buyers to manage traffic in the area.
These easements allow F&C and the eventual user to the West, to share common entrances and minimize the number of curb cuts necessary to serve the properties. This is a condition of approval we have requested from the buyers to manage traffic in the area.
Recommendation:
The development team recommends the HRA, by motion, enter into a reciprocal easement agreement with Flaherty and Collins regarding the shared access between Lot 3, Block 1, COR ONE and Outlot A, COR ONE.
Funding Source:
N/A
Council Action:
Motion to Grant Access and Utility Easement Over Outlot A, COR ONE and Enter into a Reciprocal Easement Agreement with Flaherty and Collins regarding the Shared Access between Lot 3, Block 1, COR ONE and Outlot A, COR ONE.
Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Kurt Ulrich | Kurt Ulrich | 04/19/2012 02:45 PM |
- Form Started By:
- dlazan
- Started On:
- 04/19/2012 02:12 PM
- Final Approval Date:
- 04/19/2012