HomeMy WebLinkAboutHRA Item 03Lakes
Date: November 7, 2016
Item No.
APPROVAL OF A LIMITED WARRANTY DEED FOR THE CONVEYANCE OF THE
ALTERNATIVE LEARNING CENTER PROPERTY TO ISD194
Proposed Action
Staff recommends adoption of the following motion: Move to approve a Limited Warranty Deed
to convey property located at 20950 Howland Avenue to ISD 194
Overview
The above property located next to the Lakeville Area Art Center was acquired from All Saints
Church in conjunction with the redevelopment of the former All Saints Catholic Church into the
Art Center. The HRA entered into a lease purchase agreement with ISD 194 to provide the
necessary financing for the acquisition and renovation of the former All Saints grade school
building. The lease purchase financing required that the HRA retain ownership of the property
for the 15 year duration of the financing. The last payment under the lease purchase agreement,
which was financed by the Lease Finance Group, was made by ISD 194 at the end of 2015.
The Lease Agreement between the HRA and ISD 194 provided an option to ISD 194 to purchase
the property for $1 at the end of the agreement. ISD 194 is requesting to exercise this option.
The City Attorney has prepared the attached Limited Warranty Deed to convey ownership of the
property to ISD 194. Staff recommends approval of the Limited Warranty Deed to convey this
property to ISD 194. A Parking/Access Easement and Maintenance Agreement between the City
and ISD 194 will remain in place for the parking lot fronting Holyoke Avenue that serves both
the Alternative Learning Center and the Art Center.
Primary Issues to Consider
• The conveyance of this property from the HRA to ISD 194 is consistent with the previous
Memorandum of Understanding and Lease Purchase Agreement
Supporting Information
• Location Map
• Limited Warranty Deed
U: Jerilyn Erickson, Finance Director, Michael Baumann, ISD 194
Financial Impact: $ None Budgeted: Y❑ NO Source:
Related Documents: None
Envision Lakeville Community Values: Good Value for Public Services
Report Completed by: David L. Olson, Community and Economic Development Director
(Reserved for Recording Data)
LIMITED WARRANTY DEED
STATE DEED TAX DUE HEREON: $
Dated: , 2016
FOR VALUABLE CONSIDERATION, HOUSING AND REDEVELOPMENT
AUTHORITY IN AND FOR THE CITY OF LAKEVILLE, a public body corporate and
politic under the laws of the State of Minnesota, Grantor, hereby conveys and quitclaims to
INDEPENDENT SCHOOL DISTRICT NO. 194, a Minnesota public school district, Grantee,
real property in Dakota County, Minnesota, described as follows:
All those parts of Lots 5 and 6 in Block 3; Lots 1 through 5 in Block 6; the vacated street
adjoining said Block 3 and Block 6, all in FAIRFIELD, Dakota County, Minnesota,
according to the recorded plat thereof, described as follows:
Beginning at the northwest corner of said Lot 5 of Block 6; thence North 89 degrees 20
minutes 00 seconds East, assumed bearing, along the north line of said Lot 5 of Block 6
to the northeast corner of said Lot 5 of Block 6; thence South along the east line of said
Lot 5 of Block 6 a distance of 50.00 feet; thence South 89 degrees 20 minutes 00
seconds West a distance of 13.51 feet; thence South a distance of 327.21 feet; thence
South 89 degrees 46 minutes 23 seconds West a distance of 136.48 feet to the west line
of said Block 3; thence North along the west line of said Block 3 and Block 6 a distance
of 376.16 feet to the point of beginning, subject to and together with Parking/Access
Easement and Maintenance Agreement filed January 23, 2001, as Document Number
1746100.
together with all hereditaments and appurtenances belonging thereto.
This Deed conveys after-acquired title. Grantor warrants that Grantor has not done or suffered
anything to encumber the property, EXCEPT:
(a) Reservations of minerals or mineral rights by the State of Minnesota, if any;
(b) Building and zoning laws, ordinances, state and federal regulations;
(c) Drainage and Utility Easement established in Warranty Deed dated May 16, 2000,
filed June 26, 2000 as Document No. 1700339;
(d) Resolution 96-179 by City of Lakeville dated October 21, 1996, filed February 26,
2008, as Document No. 2573920; and
(e) Rights or claims of tenants, as tenants only, under unrecorded leases, if any.
189075V 1
Check box if applicable:
® The Grantor certifies that the Grantor 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: },
❑ We are familiar with the property described in this instrument and we certify that the status
and number of wells on the described real property have not changed since the last previously
filed well disclosure certificate.
Check here if all or part of the described real property is Registered (Torrens) ❑
HOUSING REDEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF LAKEVILLE
1-2
IM
STATE OF MINNESOTA )
)ss.
COUNTY OF DAKOTA )
Justin Miller, Its Executive Director
Douglas P. Anderson, Its Chairperson
The foregoing instrument was acknowledged before me this day of
, 2016 by Justin Miller and Douglas P. Anderson, respectively the Executive
Director and Chairperson for the Housing and Redevelopment Authority of Lakeville, Minnesota,
a public body corporate and politic under the laws of the State of Minnesota, on its behalf.
DRAFTED BY:
CAMPBELL KNUTSON
Professional Association
Grand Oak Office Center I
860 Blue Gentian Road, Suite 290
Eagan, Minnesota 55121
Telephone 651-452-5000
AMP/cjh
189075 V 1
Notary Public
Tax Statements for the real property
described in this instrument should be
sent to:
Independent School District No. 194
8670 210`h Street West
Lakeville, Minnesota 55044