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I 9.A I <br /> CITYor PRESCOTT <br /> z�Gy J116vacfdtUi6 COUNCIL AGENDA MEMO <br /> MEETING DATE/TYPE: VOTING MEETING 5-14-19 <br /> DEPARTMENT: Public Works <br /> AGENDA ITEM: Adoption of Ordinance No,. 2019-1661 authorizing the Quit Claim of a <br /> portion of Sam Hill Property to Prescott College, Inc. <br /> FUNDING SOURCE: General Fund <br /> Approved By: Michael Lamar, City Manager <br /> Item Summary <br /> This item is to authorize the Quit Claim of a portion of the Sam Hill Property to Prescott <br /> College, Inc. <br /> Background <br /> Prescott College Inc. is seeking to obtain title insurance as part of their sale of the Sam <br /> Hill property and the Title Company cannot find any title information on a piece of the <br /> property in any of the land records. The Title Company's best guess is that this piece <br /> may have been part of an abandoned alleyway that never became part of the College's <br /> title when they acquired it. <br /> The City does not have any records of ever having interest in that piece of property, nor <br /> is it shown on the Original Township Map as a roadway or alleyway. <br /> The Title.Company has indicated they will insure this piece as well, if the City is willing <br /> to provide a Quit Claim deed to Prescott College. City Staff does not see this as an <br /> issue, as the City has not and does not claim an interest in the property and Yavapai <br /> County has treated the full piece as one tax parcel for many years. <br /> Financial Impact <br /> There is no cost to the City for this Quit Claim. <br /> Attachments <br /> 1. Ordinance No. 2019-1661 <br /> 2. Quit Claim Deed <br /> 3. Vicinity Map <br /> Packet Pg. 110 I <br />