Agenda - Council - 12/10/2013 - Laserfiche WebLink

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Our Assign: Ti work together to responsibly grow our conununity, and to provie quality, cost-effective, an efficient government services CC Regular Session Meeting Date: 12/10/2013 Submitted For: Patrick Brama, Administrative Services By: Patrick Brama, Administrative Services Information Title: Adopt Resolution #13-12-228 Approving the Terms and Condition of Sale for Outlot A Ramsey Town Center 3rd Addition; and, Approve a Quit Claim Deed for Outlot A Ramsey Town Center 3rd Addition Purpose/Background: Purpose of case: The purpose of this case is to legally convey a City owned outlot located in the RAMSEY TOWN CENTER 3RD ADDITION PLAT to Northstar Marketplace Station, LLC. NOTE: This action will be conducted by means of a resolution and quit claim deed. Background: The subject property is known as: OUTLOT A RAMSEY TOWN CENTER 3RD ADDITION, ANOKA, MINNESOTA ("Subject Property"). The Subject Property is .11 acres in size and is located at the former intersection Armstrong Boulevard and Sunwood Drive. The City was originally dedicated the Subject Property for the purpose of monument signage (when the Coborn's retail node was originally developed). As the Council well knows, Sunwood Drive was realigned 500' to north in 2012 in preparation for the future Armstrong interchange. As a result, the Subject Property no longer held value for the City (as originally anticipated). Additionally, as part of the negotiation process for a public easements with the former owner of the Coborn's retail node (Sophia Ramsey), it was agreed the Subject property would be exchanged for dedication of new easements to the City (as a result of the 2012 Sunwood Drive realignment project). Important Note: The conveyance of the Subject Property did already occur in late 2012 by the City. However, a new/updated PLAT still needed to be recorded by Sophia Ramsey in order to finalize the transaction. As the Council knows, Sophia Ramsey recently sold their property to Northstar Marketplace Station, LLC (a new owner). As a result, the documents approved by the City in late 2012 are now void (because a new PLAT was never recorded). Therefore, the purpose of this case is simply house keeping --the City is updating the legal name on both documents conveying the Subject Property to Northstar Marketplace Station, LLC (rather than the previous property owner --Sophia Ramsey). Notification: NA Observations/Alternatives: NA Funding Source: NA Recommendation: NA Action: Motion to ADOPT RESOLUTION 13-12-228 APPROVING THE TERMS AND CONDITION OF SALE FOR OUTLOT A RAMSEY. TOWN CENTER 3RD ADDITION and Motion to APPROVE A QUIT CLAIM DEED FOR OUTLOT A RAMSEY TOWN CENTER 3RD ADDITION. Attachments Res 13 12 228 Ouite Claim Deed Original Resolution (20121