03-34CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO. 2003-34
RESOLUTION ACCEPTING DONATION OF CERTAIN LANDS
WHEREAS, F.O.A. Partnership, a Minnesota general partnership owns certain lands
located within the City of Otsego which have been proposed for platting as PLEASANT
CREEK FARMS; and
WHEREAS, F.O.A. Partnership desires to donate a certain lot to the City of Otsego
without conditions; and
WHEREAS, F.O.A. Partnership has requested that the City execute appropriate
resolutions necessary to achieve the required documentation of the transaction for tax
purposes; and
WHEREAS, the legal description of the property is LOT 1, BLOCK 1 PLEASANT
CREEK FARMS according to the plat on file and of record at the Recorder's Office,
Wright County, Minnesota; and
WHEREAS, it is the desire of the City of Otsego to accept F.O.A. Partnership's
generous donation to the City of the subject property.
NOW THEREFORE BE IT RESOLVED:
1. That the City of Otsego accepts F.O.A. Partnership's donation of the subject
property.
2. The City acknowledges that the value of the subject property is as follows one
million dollars ($1,000,000.00). The determination of value is based upon the
following: the Developer's appraisal of the value of the land (approximately 22
acres) at $50,000.00 per acre. Said valuation generally conforms with information
conveyed to the City regarding recent land transactions in that area of the City.
3. That the Mayor and City Clerk are authorized to execute any required
documentation necessary to effect the transfer of the subject property to the City
conditioned upon F.O.A. Partnership providing the following to the City:
A. Marketable title, unencumbered by liens of any nature, and evidenced by title
insurance or title opinion; and
B. Warranty deed transferring the property to the City without condition.
C. Allowing the City Engineer or Project Engineer to enter upon the property and
make any necessary inspections to ascertain that the lot is suitable for the City's
needs.
ADOPTED by the Otsego City Council this 24 thday of March, 2003.
IN FAVOR: Mayor Larry Fournier; Couniclmembers: Vern Heidner,
Virginia Wendel, Jerry Sruthers and Dan Scharber.
OPPOSED: NONE
Ju u City Clerk
2
CITY F OTSEGO
Larry Fournier, Mayor