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ITEM 3.10 Quit Claim Deed- Outlot A Highlands River Pointe{ 0tso eFFgo MINNESOTA O 7 DEPARTMENT INFORMATION Request for City Council Action ORIGINATING DEPARTMENT REQUESTOR: MEETING DATE: Legal Andy MacArthur, City Attorney March 12, 2018 PRESENTER(S) REVIEWED BY: ITEM #: Consent Agenda City Administrator/Finance Director Flaherty 3.10 AGENDA ITEM DETAILS RECOMMENDATION: City staff recommends that the Council approve Quit Claim Deed from City of Otsego to US Home Corporation. ARE YOU SEEKING APPROVAL OF A CONTRACT? IS A PUBLIC HEARING REQUIRED? No No BACKGROUND/JUSTIFICATION: In 2017 the Otsego City Council approved the Plat of Highlands of River Pointe and a Developers Agreement. The Developers Agreement required that US Home (the Developer) deed to the City certain Outlots. The City currently owns Outlots A, B, C and D of Highlands of River Pointe. The designation of the Outlots in the Developers Agreement and planning documents was based upon a preliminary version of the Final Plat. However, the final version of the Final Plat added an additional Outlot E which is currently owned by US Homes. In the preliminary version of the Plat there was no Outlot A as currently identified, instead Outlot A was Outlot B in the recorded Final Plat. The Final Plat identifies Outlot A as a parcel that was to be returned to the Lahn Family. The City's interest is in Outlots B, C, D and the new Outlot E. Attached are proposed quit claim deeds transferring Outlot A to US Homes and transferring Outlot E from US Homes to the City. This will correct the misidentification error in the Final Plat. City staff is recommending that the City approve and execute the Quit Claim Deed conveying Outlot A from the City to US Homes with the understanding that US Homes will execute the Quit Claim deed conveying Outlot E from US Homes to the City. The relevant documents are attached to this Request. SUPPORTING DOCUMENTS ATTACHED: • Plat of Highlands of River Pointe and Quit Claim Deeds POSSIBLE MOTION PLEASE WORD MOTION AS YOU WOULD LIKE ITTO APPEAR IN THE MINUTES: Motion to approve and authorize execution of Quit Claim Deed conveying Outlot A, Highlands of River Pointe from the City of Otsego to US Homes, contingent upon execution of Quit Claim Deed conveying Outlot E, Highlands of River Pointe from US Homes to the City of Otsego. BUDGET INFORMATION FUNDING: BUDGETED: N/A Tami Loff From: Cathy Busch <CBusch@nat.com> Sent: Thursday, February 22, 2018 1:58 PM To: Jim Wilson Subject: RE: Meadows/Highlands of River Pointe This message was sent securely via an encrypted connection using ZixCorp. Hi Jim, You are correct... As of 2/20/2018: U. S. Home Corp. is the current fee owner of Outlot E, Highlands of River Pointe. The City of Otsego is the current fee owner of Outlot A (as well as Outlots B, C, and D) by virture of QCD filed 8/10/2017 as Doc. No. 1350530. Cathy From: Jim Wilson [mailto:iim.wilson@vantagelawgroup.com] Sent: Thursday, February 22, 2018 12:47 PM To: Cathy Busch <CBusch@nat.com> Subject: Meadows/Highlands of River Pointe ** External email: iim.wilson@vanta eg lawgroup.com. If suspicious, forward to ITHelpForYou2cnat.com. ** Cathy, can you please tell me who the owners of Outlots A and E are on the Plat of Highlands of River Pointe. My research tells me that OL A is owned by the city, and OL E is owned by USHC but please confirm. Thanks, Jim viklAr Jim R. 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Check here if all or part of the described real property is Registered (Torrens) ❑ together with all hereditaments and appurtenances belonging thereto. This conveyance is for less than $500.00 of consideration. Check applicable box: ® The Seller certifies that the Seller does not know of any wells on the described real property. ❑ A well disclosure certificate accompanies this document or has been electronically filed. (If electronically filed, insert WDC number: ❑ 1 am familiar with the property described in this instrument and I certify that the status and number of wells on the described real property have not changed since the last previously filed well disclosure certificate. Grantor U.S. HOME CORPORATION By: Jonathan A. Aune Its: Vice President (type of authority) (00120599) Page 1 of 2 Page 2 of 2 Minnesota Uniform Conveyancing Blanks Form 10.3.5 State of Minnesota, County of HENNEPIN This instrument was acknowledged before me on 2018, by Jonathan A. Aune as Vice President of U.S. Home Corporation, a Delaware corporation, on behalf of the corporation. (Stamp) THIS INSTRUMENT WAS DRAFTED BY: (insert name and address) Vantage Law Group, PLLC (JRW) 125 SE Main St., Suite 250 Minneapolis, MN 55414 (00120599) (signature of notarial officer) Title (and Rank): Notary Public My commission expires: (month/day/year) TAX STATEMENTS FOR THE REAL PROPERTY DESCRIBED IN THIS INSTRUMENT SHOULD BE SENT TO: (insert legal name and residential or business address of Grantee) City of Otsego 13400 90th Street NE Otsego, MN 55330 (Top 3 Inches Reserved for Recording Data) QUIT CLAIM DEED Minnesota Uniform Conveyancing Business Entity to Business Entity Form 10.3.5 (2013) eCRV number: NIA DEED TAX DUE: $1.65 DATE: 2018 FOR VALUABLE CONSIDERATION, the City of Otsego, a municipal corporation and political subdivision under the laws of Minnesota ("Grantor"), hereby conveys and quitclaims to U.S. Home Corporation, a corporation under the laws of Delaware ("Grantee"), real property in Wright County, Minnesota, legally described as follows: Outlot A, HIGHLANDS OF RIVER POINTE, according to the recorded Plat thereof. Check here if all or part of the described real property is Registered (Torrens) ❑ together with all hereditaments and appurtenances belonging thereto. This conveyance is for less than $500.00 of consideration. Check applicable box: ® The Seller certifies that the Seller does not know of any wells on the described real property. ❑ A well disclosure certificate accompanies this document or has been electronically filed. (If electronically filed, insert WDC number: ❑ 1 am familiar with the property described in this instrument and I certify that the status and number of wells on the described real property have not changed since the last previously filed well disclosure certificate. Grantor CITY OF OTSEGO By: Jessica Stockamp By: Its: Mayor (type of authority) Loff Its: City Clerk (type of authority) {00120595} Page 1 of 2 Page 2 of 2 Minnesota Uniform Conveyancing Blanks Form 10.3.5 State of Minnesota, County of WRIGHT This instrument was acknowledged before me on , 2018, by Jessica Stockamp as Mayor, and by Tam! Loff, as City Clerk, of the City of Otsego, a Minnesota municipal corporation, on behalf of the City and pursuant to the authority of the City Council. (Stamp) THIS INSTRUMENT WAS DRAFTED BY: (insert name and address) Vantage Law Group, PLLC (JRW) 125 SE Main St., Suite 250 Minneapolis, MN 55414 (00120595) (signature of notarial officer) Title (and Rank): Notary Public My commission expires: (month/day/year) TAX STATEMENTS FOR THE REAL PROPERTY DESCRIBED IN THIS INSTRUMENT SHOULD BE SENT TO: (insert legal name and residential or business address of Grantee) U.S. Home Corporation 16305 - 36th Avenue North, Suite 600 Plymouth, MN 55446