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Thursday, October 29, 2015 10:10:14 PM
The deed is already recorded with the county, it was a quit claim transaction and the $10 consideration is called a "peppercorn consideration" due to the fact that in order for there to be a valid contract, both sides need to be giving up something.
The transaction closed, deed was recorded. No money changed hands as the property was given to TRTC as part of the locals partners agreed upon contribution to the partnership.
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