Title
Subordination of Deed of Trust Associated with the Terrace at Rock Quarry Housing Development
Recommended Action
That the Board of Commissioners:
1. Consents to Subordinate +/- 25,175 SF of Public Street Right of Way Easement to be conveyed by Terrace at Rock Quarry Limited Partnership to the City of Raleigh for the development of Terrace at Rock Quarry in Raleigh; and
2. Consents to Subordinate a Utility Placement Easement 5 feet in width to be conveyed by Terrace at Rock Quarry Limited Partnership to the City of Raleigh for the development of Terrace at Rock Quarry in Raleigh; and
3. Consents to Subordinate a variable width Sanitary Sewer Easement to be conveyed by Terrace at Rock Quarry Limited Partnership to the City of Raleigh to assist in the development of Terrace at Rock Quarry in Raleigh; and
4. Consents to Subordinate a 20’ x 10’ Waterline Easement to be conveyed by Terrace at Rock Quarry Limited Partnership to the City of Raleigh to assist in the development of the Terrace at Rock Quarry in Raleigh, and
5. Authorizes the Chair to execute the Consent and Subordination sections of the four aforementioned Easements (along with any other supporting documentation), subject to the terms and conditions acceptable to the County Attorney.