Title
Resolution to Quitclaim a Reversionary Right to the University of Michigan at the Dental School (8 Votes Required)
Memorandum
In 1899, the City deeded certain land to the University of Michigan, part of which was used to construct the Dental School. The City reserved an interest which provides that the property will revert to the City if certain conditions of the deed are not met, including that the University construct and maintain a hospital. The deed also provided that the University would maintain two hospital beds with free medical care.
The University contacted City staff seeking the City's release of a reversionary right that covers a portion of the University of Michigan School of Dentistry building. The University stated that this was necessary to secure funding through the State Building Authority for the renovation of the building.
This resolution authorizes a quitclaim deed to the University of Michigan releasing the City's reversionary right in the portion of the property underneath the Dental School. The right remains in the other portion of the property.
Staff recommends approval of this resolution.
Staff
Prepared by: Michele Yanga, Legal Assistant
Reviewed by: Christopher Frost, Senior Assistant City Attorney
Approved by: Howard S. Lazarus, City Administrator
Body
Whereas, The University of Michigan has requested the City release its reversionary right in a portion of land underneath the University's School of Dentistry building, which right is recorded in a deed at Liber 142, Page 113, Washtenaw County Records;
Whereas, the University through multiple outlets, including Michigan Medicine and the School of Dentistry, continues to provide health care at a reduced rate or at no cost to certain Ann Arbor residents in keeping with the spirit of the provision in the deed which states that "...there should at all times be reserved and maintained within the said Hospital two beds devoted to free use of the sick and injured among the inh...
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