Title
RESOLUTION AUTHORIZING THE EXECUTION AND FILING OF A NOTICE OF FUNDING RESTRICTIONS OVER REAL PROPERTY ADJACENT TO SKYLINE PARKWAY IN THE PIEDMONT HEIGHTS NEIGHBORHOOD.
Body
CITY PROPOSAL:
WHEREAS, Resolution No. 19-0703 authorized the city of Duluth ("City") to purchase certain real property adjacent to Skyline Parkway from the trustees of the Richard A. Peterson Trust under Agreement dated December 30, 2008 ("Peterson Trust") for $400,000;
WHEREAS, Resolution No. 20-0041, authorized the City to accept a grant from the state of Minnesota to fund the purchase of the property from the Peterson Trust (the "Grant"); and
WHEREAS, a condition of the Grant requires the filing of a notice of funding restrictions against the real property to prevent it from being sold, transferred, pledged, or otherwise disposed of or further encumbered without obtaining the prior written approval of the Lessard-Sams Outdoor Heritage Council or its successor.
NOW THEREFORE, BE IT RESOLVED, that the proper city officials are hereby authorized to execute the Notice of Funding Restrictions, substantially in the form attached as Exhibit 1, over the real property in St. Louis County, Minnesota described below:
All that part of the North Half of the Northeast Quarter (N 1/2 of NE 1/4), Section Six (6), Township Forty-nine (49), Range Fourteen (14) West of the Fourth Principal Meridian lying Northerly of a One Hundred foot (100') parcel of land for extension of the boulevard as described in Book of Deeds 623, Page 497.
AND
All that part of the North Half of the Northeast Quarter (N 1/2 of NE 1/4), Section Six (6), Township Forty-nine (49), Range Fourteen (14) West of the Fourth Principal Meridian lying Southerly of a One Hundred foot (100') parcel of land for extension of the boulevard as described in Book of Deeds 623, Page 497 and lying within the Westerly Four Hundred Twenty-five and 75/100ths feet (W'ly 425.75) feet of the North Half of Northe...
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