HomeMy WebLinkAbout1979-213 CCRMember Celia Scott introduced the following resolution
and moved its adoption:
RESOLUTION NO. 79 -213
RESOLUTION CONSENTING TO CONVEYANCE OF A MORTGAGE
DEED BY INDEPENDENCE TEN TO CANADA LIFE ASSURANCE
COMPANY
WHEREAS, on November 15, 1978, Independence Ten (a General Partner-
ship) conveyed an open space easement to the City of Brooklyn Center over lands
adjacent to Shingle Creek Manor; and
WHEREAS, on September 17, 1979, the legal description of said lands
was properly amended to be as follows:
The South 12 feet of the West 3 /4ths, of the Southeast Quarter
(SW 1/4) of the Northeast Quarter (NE 1/4) of Section 28,
Township 119 North, Range 21 West of the 5th Principal Meridian,
lying Easterly of and adjacent to the center line of State
Highway 152; and
WHEREAS, Independence Ten wishes to arrange permanent financing on
its related construction project by the conveyance of a Mortgage Deed; and
WHEREAS, the mortgagee, Canada Life Assurance Company, interprets
Covenant No. 3 of the Open Space Easement to require consent by the City of
Brooklyn Center for conveyance of said deed; and
WHEREAS, the said Mortgage Deed does not affect the interests of
the City of Brooklyn Center in said Open Space Easement.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Brooklyn Center that it hereby consents to the conveyance of a Mortgage Deed
by Independence Ten to Canada Life Assurance Company on the real estate des-
cribed herein.
September 24, 1979
Date Mayor
ATTEST:
C erk
The motion for the adoption of the foregoing resolution was duly seconded by
member Gene Lhotka and upon vote being taken thereon, the following
voted in favor thereof: Dean Nyquist, Tony Kuefler, Bill Fignar, Gene Lhotka,
and Celia Scott;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.