Title
RESOLUTION AUTHORIZING AMENDMENT TO AGREEMENT, AMENDING AGREEMENT DATED JULY 24, 1992 BETWEEN MARINE IRON & SHIP BUILDING COMPANY AND CITY REGARDING THE MINNESOTA SLIP AND ACCEPTANCE OF A QUIT CLAIM DEED FROM MARINE IRON & SHIP BUILDING COMPANY CONVEYING A PORTION OF THE MINNESOTA SLIP TO CITY.
Body
CITY PROPOSAL:
WHEREAS, the Duluth city council authorized settlement of a dispute with Marine Iron & Ship Building Company ("Marine Iron") under Resolution 19-0514; and
WHEREAS, pursuant to the terms of the settlement agreement, the parties shall, among other things, enter into an Amendment to Agreement, which amends an Agreement between the City and Marine Iron dated July 24, 1992, recorded on September 3, 1997 in the Office of the St. Louis County Registrar of Titles as Document No. 553582 and in the Office of the St. Louis County Recorder as Document No. 554771 (the "1992 Agreement"); and
WHEREAS, also pursuant to the terms of the settlement agreement, Marine Iron shall execute and deliver a quit claim deed in favor of the City conveying a portion of the Minnesota Slip.
NOW, THEREFORE, BE IT RESOLVED, that the proper city officials are hereby authorized to enter into an Amendment to Agreement amending the 1992 Agreement, substantially in the form attached as Exhibit 1.
FURTHER RESOLVED, that the proper city officials are hereby authorized to accept the conveyance of real property legally described on the quit claim deed attached as Exhibit 2 from Marine Iron & Ship Building Company, a Minnesota corporation.
FURTHER RESOLVED, that the proper city officials are hereby authorized to record the attached documents and this resolution with the St. Louis County Recorder and/or Registrar of Titles and disburse funds to pay for the recordation and related fees of the documents, payable from Fund 610-036-1651-5842 (Self Insurance Fund, Insurance Accounts, General City, Damage & Loss Expense).
Statement of Purpose
STATEMENT OF P...
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