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Res 1558 - Convey 347 N Front COUNCIL BILL NO. 1999 RESOLUTION NO. 1558 A RESOLUTION ACCEPTING THE CONVEYANCE OF THE REAL PROPERTY LOCATED AT 347 N. FRONT STREET FROM ALL AMERICAN DEVELOPMENT, LLC, ACCEPTING THE ASSIGNMENT OF A TRUST DEED ON SAID PROPERTY FROM MARK C. WOLF; AND AUTHORIZING THE CITY ADMINISTRATOR TO EXECUTE ESCROW INSTRUCTIONS AND A SETILEMENT AGREEMENT. WHEREAS, All American Development, LLC, is the owner of certain real property located at 347 N. Front Street, Woodburn, Oregon; and WHEREAS, Mark C. Wolf holds a trust deed on said property; and WHEREAS, the City filed a complaint for nuisance abatement in Marion County Circuit No, 99C14708, requesting that the Court declare the property a public nuisance and require All American Development, LLC to immediately repair or remove the dangerous building; and WHEREAS, the interested parties have met and appear to have this matter resolved; NOW, THEREFORE, THE CITY OF WOODBURN RESOLVES AS FOLLOWS: Section 1. That the City accepts the conveyance of the real property located at 347 N. Front Street from All American Development, LLC to the City of Woodburn subject to the existing trust deed in favor of Mark C. Wolf, beneficiary. Section 2. That the City accepts an assignment of beneficial interest under a note and trust deed on said property with Mark C. Wolf, beneficiary. Section 3. That the City Administrator is authorized, on behalf of the City, to execute all necessary escrow instructions and the ~n~ f~ the settlement agreement. Approved as to form'(#) ~(~ 0 c 1 " .} f OJ'1, City Attorney Date Approved:~' ",( Richard Jennings, May ~ Passed by the Council October 11, 1999 Page 1 - COUNCIL BILL NO. 1999 RESOLUTION NO. 1558 or ... ---. Subrrllttedtothe~ayor Approved by the ~ayor Filed in the Office of the Re~ 0 ATTEST: m~ ~. ~ary Te ant City Recorder City ofW oodburn, Oregon October 13. 1999 October 13, 1999 October 13. 1999 Page 2 - COUNCIL BILL NO. 1999 RESOLUTION NO. 1558 '--~--"--.'-'''---'''.~''-_.''''----- -