District attorney: funds received to satisfy land payoff, satisfaction documents to be executed

Miss Brewer, the board attorney, told the DeSoto County School Board the district has received funds intended for the satisfaction of a land payoff. She said that after the satisfaction documents are recorded she will contact the private lender to execute the satisfaction and manage the fund dispersal.

Why it matters: satisfaction of a land mortgage clears the recorded lien and affects the district’s property title or related obligations.

Discussion and details: Brewer reported the receipt of the funds and outlined next steps—execution of satisfaction with the private lender and distribution of funds. She did not identify the parcel, lender name or dollar amount at the meeting.

Board action: no motion or vote was recorded on this matter; Brewer indicated she would follow up with the lender and the board as the satisfaction proceeds.