Consideration of a Resolution Authorizing the Transfer and Conveyance by Quitclaim Deed of City Owned Land
In the development of Lynn Subdivision, previously Tract "A" of the Lincoln School Addition, a surveying error occurred through no fault of the City, the developer or the lot owners of Lynn Subdivision, which resulted in the lots on the north side of the Lynn Subdivision being reduced in size by up to 5.5' from the dimensions reflected on the Plat of Lynn Subdivision which also resulted in boundary set-back obstacles for such lots. To rectify such issues the City initiated a Lot Line Adjustment to convey a strip of land 5.5' in width on the North side of Lynn Subdivision to each of the adjacent property owners, which strip of land was withheld by the City from the sale by the City of Tract "C" and part of Tract "B" of the Lincoln School Addition, which resulted in no diminishment in price received by the City by such sale. The value for the portion of said property to be conveyed to each of the adjacent property owners is normal and falls under the statutory threshold of $500, as determined using the established price received by the City for the sale of the adjacent Tract "C" and part of Tract "B" Lincoln School Addition land.
Suggested Motion: I move to approve the resolution transferring and conveying by Quitclaim Deed to the adjacent property owners of the Lynn Subdivision a 5.5' in width strip of land on the north side of Lynn Subdivision as legally described within the resolution.