Title
RESOLUTION AUTHORIZING SECOND AMENDMENT TO AGREEMENT, AMENDING AGREEMENT DATED JULY 24, 1992 BETWEEN MARINE IRON & SHIP BUILDING COMPANY AND CITY REGARDING THE MINNESOTA SLIP, AS AMENDED BY AGREEMENT DATED JULY 15, 2019, AND ACCEPTANCE OF A QUIT CLAIM DEED FROM MARINE IRON & SHIP BUILDING COMPANY CONVEYING A PORTION OF THE MINNESOTA SLIP TO CITY, AT NO COST TO THE CITY.
Body
CITY PROPOSAL:
WHEREAS, the Duluth city council authorized settlement of a dispute with Marine Iron & Ship Building Company ("Marine Iron") in the form of a settlement agreement under Resolution 19-0514 (the "Settlement Agreement"); and
WHEREAS, pursuant to the terms of the Settlement Agreement, the parties, among other things, entered into an Amendment to Agreement dated July 15, 2019 (the "First Amendment"), that amended 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, the First Amendment was recorded on August 14, 2019 in the Office of the St. Louis County Registrar of Titles as Document No. 1013714 and in the Office of the St. Louis County Recorder as Document No. 1360779; and
WHEREAS, the Settlement Agreement required that a survey of the Minnesota Slip be performed after the William A. Irvin ship was returned to the Minnesota Slip and described the next steps following the survey; and
WHEREAS, to implement the next steps following the survey and in accordance with the terms of the Settlement Agreement, the City and Marine Iron need to further amend the 1992 agreement, as well as 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 a Second Amendment...
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