The City Council is authorizing the termination of an easement and quitclaim deed at 8 Rio Rancho Road to facilitate improvements to the Kia Motors dealership. The easement, recorded in 1987, is no longer needed by the City, and the quitclaim deed will clarify ownership rights. This action will enable the ownership group to pursue improvements to the site, strengthening its economic viability.
Details
Subject
APPROVAL OF TERMINATION OF EASEMENT AND QUITCLAIM DEED AT 8 RIO RANCHO ROAD
Summary
The City Council is authorizing the termination of an easement and quitclaim deed at 8 Rio Rancho Road to facilitate improvements to the Kia Motors dealership. The easement, recorded in 1987, is no longer needed by the City, and the quitclaim deed will clarify ownership rights. This action will enable the ownership group to pursue improvements to the site, strengthening its economic viability.