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%Lp1,V CITY OF ORONO <br /> RESOLUTION OF THE CITY COUNCIL <br /> No.7335 <br /> "1, lei I 1 i I tfrE <br /> t-kES HOB` <br /> RESOLUTION ACCEPTING TRANSFER OF PROPERTY <br /> WHEREAS,Lawrence E.Gleason and Rosemary C.Gleason,husband and wife,("Owners") <br /> maintained a life estate interest in real property as described on the attached Exhibit A("Property"); <br /> and <br /> WHEREAS, Owners' life estate interest in the Property terminates when the Owners no <br /> longer reside in the Home or on the Property,pursuant to the Life Estate Agreement between City <br /> and Owners,dated June 14, 2016; and <br /> WHEREAS,Owners wish to transfer the Property to the City of Orono ("City)by Quit <br /> Claim Deed; and <br /> WHEREAS,the City desires to accept the transfer of Property. <br /> NOW,THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br /> OF ORONO,MINNESOTA: <br /> 1. The City Council hereby accepts the transfer by Owners of their interest in a life estate in <br /> real property as described on the attached Exhibit A. <br /> 2. The Mayor and City staff are authorized and directed to execute all documents, and to <br /> take all appropriate measures,to accept the transfer of Property. <br /> ADOPTED this 23rd day of January, 2023, by the City Council of the City of Orono. <br /> CITY OF ORONO <br /> By: a., Ad. <br /> Dennis Walsh,Mayor <br /> ATTEST: 471,________ <br /> nna Carlson, City Clerk <br />