HomeMy WebLinkAboutWATERFIELD PUD - PRELIMINARY - 7-95B - CORRESPONDENCE - CITY HALLMAY-02-97 FRI 02:31 PM
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P. 02/02
May 01 9r 15:34 No nna
City Attorney r
May 1, 1997
Lucia A. Liley, Esquire BY 3:13r.EFA s, to an -anal
MARCH & WATT, P.C. ogj Ar. NX R& AR MArr
110 X Oak Street - -
Fort Collins, CO 80524-2880
Re: Wsterfitid PUD isetow Agreemaat ad Deed fbr park Site
Thank you for providing to m for oar review the ALTA survey for the waterrmid PUD park site
p4operty that your client has proposed to deed to the City. Based on the review of City spdX we
have concluded that the title mwAptiom to which the property is subject ate acceptable to the City.
You had indicated yesterday that it is not your cHaWs intent to provide title insurance to the City
related to this property, as a result the CSty will aasnge to purchase title manes m on its own for the
property, if it deterndm that such insurance is necessary.
I have reviewed the draft Escrow Agreement, along with the proposed Special Warranty Deed, and
fmd both those doouments aeeeptsbie, provided that Exhibit " C" to the Deed is revised to exclude
those We e:oeptions that do not affect the property to be obtained by the City. Based on the ALTA
survey, it does not appear most of the eXtotionz mfcmced in that Exhibit bear any relation to the
property to be obtained by the City. As a result, we believe it is reasonable to request that time
wiceptions be removed from the Deed. I am also waiting to review the reservations that were still
pending wber we last spokes I will be out of the office Friday, May 2nd and Monday, May 51h, but
will review PrIamptlY on my rt:twa any new docamatts that have been provided doting my absence.
Please let me know if we need to discuss any of time mattes futthet. 1 appreciate your efforts to
finalize this transaction into escrow, and am hopeful that we can Clear up any remaining issues
amoothly and quickly.
A
r
e Mineart Daggett
Assistant City Attorney
CMD:mad
pc: Ron Mills, Right of Way Agent
Marty Hctt'ernaa, Assista d to the Director of C LRS
30D LaPorte Avenue • P.otruce sec • Fore Cam, CO 80=415M 9 (970) 2ZI.65M 0 FAX (970) =-6327
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