CR 92-178 Mark Jones Property
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. ~ August 25, 1992 0 "K \~ ',,! Council Report: 92-178
MARKZ. JONES PROPERTY
proposed Action.
Staff recommends adoption of the following motion: Move to approve
the transfer of ownership of Tract A to Mark Z. Jonesahd authorize
the Mayor and city Manager to execute the necessary documents.
, '
Approval of this motion will complete the overall, transaction of the
city of Hopkins purchase of the Mark Z. Jones property located at
Cambridge Street and Hiawatha Avenue.
overview.
Last March, the City council approved a purchase agreement to
purchase the Mark Z. Jones property with the exception of the strip
of property on the west side' of the site. This property is used by
Ramsgate Apartments for parking and is approximately 37 feet wide.
This property is described as Tract A on the registered land survey
prepared by Jones (see attached).
a On 6/29/92 the City purchased the Mark Z. Jones property, including
,., the aforementioned 37 feet with the understanding that the City would
transfer back to Mr . Jones this 37 foot wide parcel. This process
was used to insure the city owned the property by July 1, thereby
ensuring we were not obligated to pay property taxes on the City's
parcel for 1993.
Mark Z. Jones has prepared a registered land survey for the City
property, including the 37 feet to be conveyed back to him. This
registered land survey is being processed separately through the
. Planning commission and city Council. for approval.
staff is recommending approval of the motion as it will complete the
transaction previously arranged between Mark Z. Jones and the City.
supporting Information.
'stered Land Survey of property
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"'lZ/ LA D SURVEYORS, INC.
Sheet 2 of 2 Sheets
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