December 23, 2019 at 7:00 AM - School Board Emergency Business Meeting

Description:  ACTION REGARDING SALE OF PROPERTY

THEREFORE BE IT RESOLVED that the Chairperson, Reggie Bowerman, and the Clerk, Angela Tucker, duly elected officers of the School Board, are authorized and directed to execute any documents necessary to consummate the sale of property legally described as Outlot A, Jackson Elementary School, Scott County, Minnesota, (“the Property”) pursuant to the Purchase Agreement as amended for that Property, which is being sold for the sum of $1,125,000.00, including specifically and without limitation authority to sign:

a. All documents required from Seller to satisfy the Buyer’s title commitment;

b. All documents required to satisfy Seller’s obligations under a Purchase Agreement between the District and the Buyer dated February 26, 2018, as amended by that certain First Amendment to Real Estate Purchase Agreement dated September 10, 2018, and that certain Second Amendment to Real Estate Purchase Agreement, dated April 8, 2019, and as assigned to Buyer pursuant to that certain Assignment and Assumption of Purchase Agreement for the sale and purchase of the certain property located in Shakopee, Minnesota legally described as Outlot A, Jackson Elementary School, Scott County, Minnesota.

c. a Warranty Deed conveying the property;

d. General Assignment of the District’s collateral rights associated with the Property;

e. Affidavit Terminating Temporary Easement Agreement concerning easement rights set out in Document No. A725329 recorded December 29, 2005 at the Office of the Recorder of Deeds, Scott County, Minnesota;

f. Bring Down Certificate;

g. Utility Easement, concerning a grant of utility easement rights in favor of the buyer of the Property and burdening the District’s property legally described as Lot 1, Block 1, Jackson Elementary School, Scott County, Minnesota, to continue the buyer’s access to a water main line which will service both properties;

h. Drainage and Utility Easement, concerning a grant of drainage and utility easement rights in favor of the buyer of the Property and burdening the District’s property legally described as Lot 1, Block 1, Jackson Elementary School, Scott County, Minnesota;

i. Release and Termination of Easement, concerning an easement burdening the District’s property recorded August 18, 2017 in the Office of the Scott County Recorder, as Document No. A1031471;

j. Easement in favor of the City of Shakopee, Minnesota, including for roadway and utility purposes, burdening the District’s property legally described as Lot 1, Block 1, Jackson Elementary School, Scott County, Minnesota;

k. Temporary Construction Easement Agreement granting the buyer of the Property temporary rights in part of the District’s property legally described as Lot 1, Block 1, Jackson Elementary School, Scott County, Minnesota