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Home My WebLink AboutBarkley closing documents - signedTh CAMPBELL KNUTSON March g, 2016 VIA ELECTRONIC TRANSMISISON Mr. Jeremy Barnhart Community Development Director City of Orono 2750 Kelley Parkway Orono, Minnesota 55356 Re: City of Orono — Jacob J. Barkley and Maureen L. Barkley Dear Mr. Barnhart: Pursuant to our telephone conversation, enclosed herewith are the following documents for the closing scheduled with the Barkl.eys on Thursday, March 10, 2016 at 4:00 p.m. at Minnetonka Title, Inc.: I . Limited Warranty Deed from the City to Jacob and Maureen Barkley for the City Land. Please have the Mayor and City Administrator sign where indicated and have their signature notarized. 2. Seller's Affidavit. Please have the City Administrator sign this Affidavit and have her signature notarized. 3. Affidavit Regarding Purchaser. Please have the City Administrator sign this Affidavit and have her signature notarized. 4. Non -Foreign Affidavit, also known as FIRPTA. Please have the City Administrator sign this Affidavit and have her signature notarized. 5. Two Settlement Statements. Please have the City Administrator sign both Settlement Statements where indicated. All documents must be the originals, no photocopies. Once these documents have been signed and notarized, please contact me at 651-234-6228 and I will arrange for a messenger service to pick up the documents. Thank you for your, cooperation in this matter. Very train' yours, Campbell Knutson Pro essional Assoc! i By: cjh Carole J. Hoeft Enclosure Legal Assistant 186073v1 (Reserved for Recording Data) LB41TED WARRANTY DEED STATE DEED TAX DUE HEREON: S Dated: 72016 FOR VALUABLE CONSIDERATION, CrrY Chi' ORONO, a Minnesota municipal corporation, Grantor, hereby conveys and quitclaims to JACOB J. BARIC EY AND MAUREEN L. BARKLEY, husband and wife, Grantees, real property in Hennepin County, Minnesota, described as follows: Lot 2, Block 3, "Bay View Park'', Hennepin County, Minnesota, together with ali hereditaments and appurtenances belonging thereto. This Deed conveys after -acquired title. Grantor warrants that Grantor has not done or suffered anything to encumber the property, EXCEPT: (a) Building and zoning laws, ordinances, state and federal regulations or other governmental regulations; and (b) Reservation of any minerals or mineral rights in the State of Minnesota. Check box if applicable. ® The Grantor certifies that the Grantor does not know of any wells on the described real property. ❑ A well disclosure certificate accompanies this document or has been electronically filed. {If electronically filed, insert WDC number:). ❑ We are familiar with the property described in this instrument and we certify that the status and number of wells on the described real property have not changed since the last previously filed well disclosure certificate. lsfo2svl Check here if all or part of the described real property is Registered (Torrents) Z CITY OF ORONO By: 141. Ij— KAA..., Lili Tod McMillan, Mayor STATE OF MINNESOTA ) ) ss. COUNTY OF HENNEPIN ) The foregoing instrument was acknowledged before me this 1 Q day of 2016, by Lili Tod McMillan and by Jessica Loftus, the Mayor and City Administrator of the City of Orono, a Minnesota municipal corporation, on behalf of said corporation and pursuant to tine authority granted by its City Council. dY�t� "s p Notary Public MONICAA_ FADIgESS NOTARY PUBLIC - MINNESOTA =' ktj Commission Expires Jan. 31,207 DRAF= BY: CAWBELL KNUTSON Professional Association Grand Oak Office Center t 860 Blue Gentian Road, Suite 290 Eagan, Minnesota 55121 Telephone 651452-5000 AMP/cjh Tax Statements for the real property described in this instrument should be sent to: Jacob J. Barkley and Maureen L. Barkley 3640 Bayside Road Long Lake, Minnesota 55356 2 186029v1 STATE OF M[NNF.SOTA ) )ss. AFFIDAVIT REGARDING PURCHASER COUNTY OF HENNEPIN ) JESSICA LOI+TUS, being first duly sworn, on oath says that: 1. She is the City Administrator for the City of Orono, a Minnesota municipal corporation ("City"), named as Grantee in the Limited Warranty Deed dated _ , 2016, and filed for record in the office of the Hennepin County Registrar of Titles on 2016, as Torrens Document No. 2. The City is a Minnesota municipal corporation with its place of business at: City of Orono 2750 Kelley Parkway Orono, Minnesota 55356 3. There have been no: a. Bankruptcy or dissolution proceedings involving the City during the time the City has had any interest in the premises described in the above document ("Premises"); b. Unsatisfied judgments of record against the City nor any actions pending in any courts, which affect the Premises; C. Tax liens against the City, except as herein stated: None. 4. Any bankruptcy or dissolution proceedings of record against parties with the same or similar names, during the time period in which the City has had any interest in the Premises, are not against the City. 5. Any judgments, or tax liens of record against parties with the same or similar names are not against the City. 6. There has been no labor or materials furnished to the Premises for which payment has not been made. 7. There are no unrecorded contracts, leases, easements, or other agreements or interests relating to the Premises except as stated herein. None. 8. There are no persons in possession of any portion of the Premises other than pursuant to a recorded document except as stated herein: None. 186o42vl 9. There are no encroachments or boundary line questions affecting the Premises of which Affiant has knowledge. A.ffiant knows the matters herein stated are true and makes this Affidavit for the purpose of inducing the acceptance of title to the Premises. J ica Loftus UU Subscribed and sworn to before ate this { bray of Il j 2016. � '�= tir.r MflNfCRA. FADNESS NOTARY PUBLIC PdINNESOTR My Commission Expires Jan. 31, 2017 Not gryPublic _� Z THIS LtiSTRLNENT WAS DRAFTED BY: CA'yTBELL ILN%TTSON Professional Association Grand Oak Of Center I 860 Blue Gentian Road, Suite 290 Eagan, Minitiesota. 55121 Telephone: 651-452-5000 ANV/cjh t86042vt 2 STATE OF MIN'NESOTA ) ) ss. SELLER'S AFFIDAVIT COUNTY OF HENNEPIN ) JESSICA LOFTUS, being first duly sworn, on oath says that: I. She is the City Administrator for the City of Orono, a Mhmesota municipal corporation, maned as Grantor m that certain Limited Warranty Deed dated _ 2016, and filed for record , 2016, as Document No. _ , in the Office of the Registrar of Titles for Hennepin County, Minnesota. 2. That said City's principal place of business is at: City of Orono 2750 Kelley Parkway Orono, Minnesota 55356 3. There have been no: a. Bankruptcy or dissolution proceedings involving the City of Orono during the time the City of Orono has had any interest in the premises described in the above document ("Premises"); b. Unsatisfied judgments of record against the City of Orono nor any actions pending in any courts, which affect the Premises; C. Tax liens against the City of Orono. 4. Any bankruptcy or dissolution proceedings of record against companies with the same or similar names, during the time period in which the City of Orono has had any interest in the Premises, are not against the City of Orono. 5. Any judgments, or tax liens of record against company with the same or similar names are not against the City of Orono. 6. There has been no labor or materials furnished to the Premises for which payment has not been made. 7. There are no unrecorded contracts, leases, easements, or other agreements or interests relating to the Premises. 8. There are no persons in possession of any portion of the Premises other than pursuant to a recorded document. 186032v1 9. There are no encroachments or boundary line questions affecting the Premises of which Affiant has knowledge. Affiant knows the matters herein stated are true and makes this Affidavit for the purpose of inducing the passing of title to the Premises. r Subscribed and sworn to before me this Oday of bAVC.�,, , 2016. Q�S Notaty Public .n MONICA A. FADNESS NOTARY PUBLIC-MINNESOTR MY COMMission Expires Jan. 31, 2017 DRAFTER BY: CAMPBELL KNUTSON Professional Association Grand Oak Office Center 1 860 Blue Gentian Road, Suite 290 Eagan, Minnesota 55121 Telephone: 651-452-5 000 AW/cjh ].86032A 2 NON -FOREIGN AFFIDAVIT PURSUANT TO SECTION 1445 OF THE INTERNAL REVENUE CODE BY THE CITY OF ORONO, AS SELLER, UNDER THAT CERTAIN LAND EXCHANGE AGREEMENT DATED t 2016, WITH JACOB J. BARKLEY AND MAUREEN L. BARKLEY, HUSBAND AND WIFE, AS BUYERS STATE OF MINNESOTA ) ) ss. COUNT' OF HENNEPIN ) TESSICA LOFTUS, being first duly sworn, on oath, says that: 1. I am the City Administrator for the City of Orono, a Minnesota municipal corporation (" Transferor's. 2. Section 1445 of the Internal Revenue Code provides that a transferee of a U. S. real property interest must hold withholding tax if the transferor is a foreign person. To inform the transferee that withholding of tax is not required upon the disposition of a U.S, real property interest by Transferor, I make the following statements: (a) The Transferor is not a foreign corporation, foreign partnership, foreign trust, or foreign estate (as those terms are defined in the Internal Revenue Code and Income Tax Regulations); (b) The Transferor's. Federal Tax Identification Number is 41-6008585. (c) The Transferor's principal business address is 2750 Kelley Parkway, Crystal Bay, Minnesota 55323. 3. I understand that this Affidavit may be disclosed to the Internal Revenue Service by the transferee and that any false statement contained herein could be punished by fine or imprisonment, or both. FURTHER YOUR AFFIANT SAYETH NOT. Le Subscribed and sworn to before me thus _L*&.y of ,, 2016 MONICA A. FADNESS "' NOTARY PUBLIC h91N�lESOTA No Public W Commission Expires Jan. M. 2017 y. 1860441 American Land Title Association Minnetonka Tide Inc. ALTA Universal ID 1045917 15550 Wayzata Blvd., Ste.100 Wayzata, MN 59391-1939 File No./ No.: MT1593376 Print Date & Time: March 8, 2016 at 03:48,P-Vr Officer/Escrow Officer: Jane Lynn Settlement Location: 15550 Wayzata Blvd, Wayzata, MN 55391 Property Address: Borrower, Seller: Lender: Settlement Date-, Disbursement Dame: 3W Bay View Orono, MEN 55356 City of Orono 3acob J. Barkley and Maureen L. Barkley March 10, 2016 March 10, 2016 ALTA Settlement Statement - Combined Adopted 05-01-2015 Seller Description Borrower/ Buyer Debit Credit Debit Credit �iFin�Cial Proratiogi;R umellts S 134.88 County Taxes $134.88 01/01/16 W 03/10/16 9200.00 t We - document to Minnetonka T tie drafting/disbursement Inc. Title - Abstracting Service to Minnetonka Title $ 200.00 Fee Inc. Title - Exam Fee to Minnetonka Title $ 75.00 Inc. Title - Special Assessmertto Minnetonka Title $ 35.00 Service Fee Inc. $ 30.00 Title - recording service to Minnetonka Title fee Inc. Tltle - Recording Service to Minnetonka Tide $ 30.00 Fee Inc. $ 46.00 Recording Fees to Minnetonka Tide $46.00 Copyright 2015 American Land Tide Assodadan (MT159337B.PFD/MT159337818) A!i rights reserved Printed on 03/08/16 at 03:48•PM seller Debit Credit ALTA Settlement Statement Combined - Continued Inc. Deed.$46.00 Mortgage:$0.00 Reiease:$46.00 $ 5.00 Conservation Fee to Minnetonka Title Inc. $ 1.70 State Deed Tax to Hennepin County $ 60.00 ` - � alnl�auus •• _ Payoff Processing Fee to Minnetonka Title Inc. BorroworBuyer Debit Credit $ 477.58 $ 0.00 Subtotals $ 386.00 $ 134.88 $ 477.58 Balance Due FROM $ 251.12 $ 477.58 $ 477.58 TOTALS $ 386.00 $ 366.00 Actrnowledgernent Well have carefully rev!ewed the AL:A Settlement Statement and find it to be a true and accurate statement of all receipts and disbursoments made on my account or by me in this transaction and further certify that I have receK od a copy of the ALTA Settlement Statement. Well authorize Minnetonka Trtle Inc. to cause the funds to be disbursed In accordance with this statement. City of Orono rd7w. Jacob;, Barkley Maureen L. Barkley Jane Lynn, Escrow Officer Copyright 2015 American Land Tale Assod&an (MT159337B.PFD/KTM337B/8) All rights reserved Printed on 03108116 at 03;48•PM American Land Title Association Minnetonka Title Inc— ALTA Universal ID 1045917 13550 Wayzata Blvd, Ste.100 Wayr. M MN 55391-1939 File No./ Escrow No.: MT159337A Pr!nt Date & Time: March 8. 2016 at 03:52•PM Offircer/Escrow Officer: Jane Lynn Settlement Location: 15550 Wayzata 3ivd, Wayzata, MN �5391 P cpertyr Address: Borrower: Seiler: Lender: Settlement Date: Disbursement Date: 3640 Bayside Rd Orono, MN 55355 Jacob J. Barkley and Maureen L. Barkley City of Orono March 10, 2016 March 10, 2016 ALTA Settlement Statement - Combined Adopted 05-01-2015 Seller Description Borrower/ Buyer $ 25,000.00 Safe Price of Property $ 25,000.00 Title - Owner's Title Insurance (optional) $100.00 to Minnetonka Title Inc. Coverage: $ 25,000.00 Premium: $100.00 $ 155.00 Tide - Settlement Closing to Minnetonka Tide $155.00 Fee Inc. Tile - Abstracting Service to Minnebonka Tide $ 200.00 Fee Inc. Title - Exam Fee to Minnetonka Title 75.00 Inc. Tide - Plat Service Fee to Minnetonka Title $ 60.00 Inc. Title - Recording Service to Minnetonka Tide $ 90.00 Fee Inc. Copyright 2015 American :ark Ti*Je Assodation (MT159337A.PR]/[+T159337A/9) All rights reserved R In;ed on 03/08/16 at 03:52-PM ALTA Settlement Statement Com1...3+ Seller 13*b t 01wit Recording Fees to Minnetonka Title Inc. Deed.$46.00 Mortgage:$0.00 $ 5.00 Conservation Fee to Minnetonka Title Ira- $ 85.00 State Deed Tax to Hennepin County Recording of easements to Hennepin County 90nower/Buyer Debit Credit $ 46.00 $ 92.00 $ 245.00 $ 25,000.00 Subtotals $ 25,818.00 $ 0.00 Balance Due FROM $ 25,818.00 $ 24,755.00 Balance Due TO $ 25,000.00 $ 25,000.00 TOTALS $ 25,818.00 $ 25,818.00 Acknowledgement We/1 have carefully reviewed the ALTA Settlement Statement and find it to be a true and accurate statement of all receipts and disbursements made on my account or by me In this transaction and further certify that I have received a copy of the ALTA Settlement Statement. We/I authorize Minnetonka Title Inc. to cause the funds to be disbursed In accordance with this statement. Jacob 3. Barkley Maureen L. Barkley City of Orono BY: e siCa t S y Ad st ator Jane Lynn, Escrow Officer Copyright 2015 American Land Title Association (MT159337A.PFD/MT159337A/9) All rights reserved Printed on 03/08/16 at 03:52•PM