APPROVING QUIT CLAIM DEED TO TOWN OF FRANKLIN RELEASING RESTRICTION UPON TIMELY RECEIPT OF $18,070.22

Committee Status: 
Approved
Budget Status: 
Budgeted
Decision Impact: 
Routine
FTE Impact: 
No
Funding Source: 
Other (see budget status)

Purpose

This resolution carries out the County's end of its obligation regarding the sharing of proceeds in the event the Town of Franklin sells this property.

Background

Tax delinquent property sold to Town of Franklin. Town of Franklin is reselling. County had clause requiring Town to share proceeds with County. This action allows County to receive its share.

Budget Status (Other/External Sources): 

The county is receiving unexpected revenue.

Resolution Body

approving quit claim deed to Town of Franklin releasing

restriction upon timely receipt of $18,070.22

            WHEREAS, by Resolution No. 28-2014, the Honorable Sauk County Board of Supervisors conveyed the below described real property to the Town of Franklin on the condition that if the Town conveyed the property in the future, that the County would be entitled to share in the proceeds from such a sale:

S 8-9-4  PRT SE NE = CSM #3543 LOT 1 EXC THAT PRT IN VILLAGE OF PLAIN & EXC THAT PRT COM SE COR-N0°7'22"W ALG E LI 340'-N89°2'58"W 340'-S77°58'16"W 323.93' TO W LI- S0°19'2"E 267.25' ALG W LI TO SW COR -S89°2'58"E 656.11' ALG S LI TO POB, MORE PARTICULARY DESCRIBED IN THE SAUK COUNTY REGISTER OF DEEDS AT: DOCUMENT #952016 AND DOCUMENT #797272.  14.64A M/L

 

Tax Parcel No.:  014-0207-00000

Property Address:  Dead End Road, Plain, WI  53577; and,

 

            WHEREAS, the Town of Franklin has agreed to sell said property to a third party, and the County is now entitled to payment as provided upon the attached addendum and the County must now release said restriction by quit claim deed as its part of the agreement.

            NOW, THEREFORE, BE IT RESOLVED, by the Sauk County Board of Supervisors met in regular session, that the Sauk County Clerk be and hereby is authorized and directed, upon timely receipt of $18,070.22 to issue a quit claim deed to the Town of Franklin releasing the County’s remaining interest in the property.

For consideration by the Sauk County Board of Supervisors on February 17, 2014.

Respectfully submitted:

PROPERTY AND INSURANCE COMMITTEE

SCOTT VON ASTEN, Chairperson                             WILLIAM HAMBRECHT

JOHN M. DEITRICH                                                   JEFFREY P. GIEBEL

     

NATHAN JOHNSON

FISCAL NOTE: Sauk County will receive $18,070.22 in unanticipated revenue.

MIS NOTE: No MIS impact.

 

 

Requested Board Review Date: 
Tuesday, February 17, 2015