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HomeMy WebLinkAbout86-80 - ADMIN Resolution - City Council - 1986/06/16RESOLUTION NO. 86-80 RESOLUTION AUTHORIZING PAYMENT TO REMOVE A CONTINGENCY ON THE TITLE OF THE PLAT OF IRWIN MANDEL NEIL BODERMAN ADDITION WHEREAS, the City Council of St. Louis Park has approved and accepted the plat of Irwin Mandel Neil Boderman Addition and WHEREAS, previous to March 16, 1973, Floyd W. Roberg and Joanne Roberg, then husband and wife, were fee owners of property in Hennepin County, said property described as follows: East 1/2 of Lot 1, Block 57A, and that part of Rex Avenue vacated lying westerly of the center line thereof and between extensions across it of the north and south line of Blocks 57A and 164, in the Rearrangement of St. Louis Park, according to the plat thereof on file or of record in the office of the Registrar of Titles in and or said County. WHEREAS, Floyd Roberg and Joanne Roberg, as husband and wife, deeded the Property to the City of St. Louis Park, subject to a reservation by the State of Minnesota of minerals and mineral rights. The deed was dated March 16, 1973 and filed April 24, 1973 as document number 1068153. Said deed included contingency and right of reverter language as follows: This conveyance is contingent upon any abandonment of street right of way extension to Oxford Street this deed involving the descrip- tion of this property to parties of the first part reverts to Grantor, successors and assigns; and WHEREAS, the City desires to have the contingency and right of reverter language recited Certificate of Title No. 490348 deleted, to enable it to sell the property to an interested party, NOW THEREFORE, be it resolved by the City Council of St. Louis Park that the City of St. Louis Park pay to Floyd Roberg and Joanne Seccord the sum of $1,192.00 as payment to remove the contingency and right of reverter language on the above described property and the Mayor and City Manager are hereby authorized to execute any and all instruments necessary to complete the removal of the contingency and right of reverter to said property and the City Manager is hereby authorized and directed to accept delivery of the documents and pay the sum of $1,192.00 to Floyd Roberg and JoanneSeccord upon delivery of the documents as approved by City Attorney. Adopted by the City Council June 16, 1986. Reviewed for administration: Appr• ed .s tq7 Tle ality: ity Manager Ci ttorney 1 i .1