Title
Resolution to Accept Easement for Water Main at 3600 Plymouth Road from Ann Arbor Hotel LLC (8 Votes Required)
Memorandum
This easement is one of three easements that are part of the proposed Flagstar Bank development at 3600 Plymouth Road. Flagstar Bank proposes to purchase a portion of Ann Arbor Hotel LLC property to construct the development. The executed easements are being held in escrow by American Title Company of Washtenaw in Ann Arbor pending the sale of the property to Flagstar, at which time the easements will be recorded per the escrow agreement (attached).
This resolution accepts the easement only upon the condition that the sale of Flagstar property is closed and the easement is recorded. If the easement is not recorded, the acceptance will be void. Note that the development as proposed will not be permitted without recording these easements.
This easement is in standard form and is conveyed without cost to the City. Acceptance of this easement is recommended.
Staff
Prepared by: Michele Yanga, Legal Assistant
Reviewed by: Christopher Frost, Assistant City Attorney
Approved by: Howard S. Lazarus, City Administrator
Body
Whereas, Ann Arbor Hotel LLC, a Michigan limited liability company is the owner of property described in Liber 5088, Page 517 of Deeds, Washtenaw County Records; and
Whereas, Ann Arbor Hotel LLC, a Michigan limited liability company has signed a grant of easement for water mains and appurtenances, described as:
Easement "A" - "Flagstar Bank" Parcel No. 09-09-14-401-010
Illustrated on Exhibit A.
A 40 foot wide public water main easement over the above described "Flagstar Bank" Parcel No. 09-09-14-401-010, being land in the Southeast 1/4 of Section 14, Town 2 South, Range 6 East, City of Ann Arbor, Washtenaw County, Michigan, said easement being more particularly described as: Commencing at the South 1/4 corner of said Section 14; thence along the South line of said Section 14, S89?19'45...
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