Title
Resolution to Accept Conveyance of Land for Public Park at North Sky West Condominium from Pulte Homes of Michigan, LLC (8 Votes Required)
Memorandum
This proposed conveyance of parkland is a parcel that is currently part of the North Sky West Condominium. Pulte Homes of Michigan, LLC, a Michigan limited liability company, the owner and developer of North Sky West Condominium, is donating a 2.07 acre parcel, which has been reviewed and recommended by the Land Acquisition Committee of the Park Advisory Commission, pending completion of due diligence.
The executed deeds and other necessary instruments will be held in escrow pending the City's completion of due diligence on the parcels, including title work, environmental, and survey review. Upon satisfactory completion of due diligence, the City will notify the escrow agent that the City accepts the property, the deeds will be recorded, and the property will transfer to the City. If the due diligence is not satisfactory to staff and cannot be corrected, the City will notify the escrow agent that the City will not accept the property, the deeds will not be recorded, and the City will not take ownership.
This escrow arrangement will allow the developer to obtain building permits in compliance with the development agreement while the City completes its due diligence.
Approval of this conveyance subject to escrow is recommended.
Staff
Prepared by: Michele Yanga, Legal Assistant
Reviewed by: Christopher Frost, Senior Assistant City Attorney
Approved by: Howard S. Lazarus, City Administrator
Body
Whereas, Pulte Homes of Michigan, LLC, is the owner and developer of property commonly known as North Sky West Condominium, described in a Master Deed recorded in Liber 5222, page 367 of Deeds, Washtenaw County Records; and
Whereas, Pulte Homes of Michigan, LLC, has agreed to donate to the City a 2.07 acre parcel, described as:
Commencing at the West 1/4 corner of Section 16, Town 2 South, Range 6 East, City o...
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