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City of Ashland, Oregon / City Recorder / City Council Information / Packet Archives / Year 2004 / 06/15 / Deed Exchange

Deed Exchange


[Council Communication]  [Attachments]


Council Communication
Title: Deed Exchange - Liberty Street Open Space
Dept: Legal Department
Date: June 15, 2004
Submitted By: Paul Nolte
Approved By: Gino Grimaldi, City Administrator

Synopsis: This deed exchange will place the city in sole ownership of one of two parcels located at the end of Liberty Street. Kurtz and Walsh, LLC, (Kurtz/Walsh) will become the sole owner of the other parcel. The two parcels were originally purchased as a single lot by the city and Kurtz/Walsh with the understanding that the lot would be split for the purpose of dividing ownership between the co-purchasers. The partition has been finalized and the partition plat has now been recorded. The council previously dedicated the city's parcel as open space in December 2003.
Recommendation: Approve the deed from the city to Kurtz and Walsh Property, LLC, and authorize the mayor to sign it on behalf of the city in exchange for a deed from Kurtz/Walsh to the city for the open space parcel.
Fiscal Impact: None. The purchase price and partition costs have previously been approved by the council.
Background: In October of 2002 the City of Ashland entered into a memorandum of understanding regarding the division of real property located off Liberty Street (Tax Lot 391E16AC-200) whereby the City Park and Recreation Department and Kurtz and Walsh Property LLC would jointly purchase the property then divide the property into two separate parcels. The City would acquire the larger parcel (0.99 acre) and would dedicate it as open space. Kurtz/Walsh would acquire the westerly parcel (0.88 acre) as a future building site. In December 2003, the council approved the partition plat delineating the two parcels and adopted a resolution dedicating the parcel to be acquired in the city's name as open space.
Attachments:



Deed from City to Kurtz/Walsh, Deed from Kurtz/Walsh to City
Vicinity Map
Partial Partition Plat Map
Memo from Parks Director


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