HomeMy WebLinkAboutDoc 116 - Accept B-S Deed1~1. 014lJ~ Deschutes County Board of Commissioners
1300 NW Wall St., Suite 200, Bend, OR 97701-1960
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AGENDA REQUEST & STAFF REPORT
For Board Business Meeting of March 11,2015
Please see directions for completing this document on the next page.
DATE: February 27,2015
FROM: James Lewis Property& Facilities 541-385-1414
TITLE OF AGENDA ITEM:
Consideration of Board signature of Documents 2015-116, Acceptance of Bargain and Sale Deed from
U.S. Banle.
PUBLIC HEARING ON THIS DATE? No
BACKGROUND AND POLICY IMPLICATIONS:
The attached Acceptance of a Bargain and Sale Deed from U.S. Bank, is a result of Deschutes County
completing final payments on a purchase of real property located at 737 S.W. Cascade Avenue,
Redmond. When originally purchased in 1994, the property was conveyed to First Bank National
Association (now U.S. Bank) through a lease/purchase agreement between the sellers and Deschutes
County. Pursuant to that agreement, the Bank took ownership of the property as the lender to the
County, until such time as the County completed its financial obligation toward the purchase. That
obligation now being complete, the final step to complete the sale is this conveyance from the Bank to
the County.
FISCAL IMPLICATIONS:
There is no consideration for this conveyance. This is a result of a previous fulfillment of the financial
obligation to the lender (U.S. Bank).
RECOMMENDATION & ACTION REQUESTED:
Staff recommends signature of Documents 2015-116.
ATTENDANCE: James Lewis, Property Manager
DISTRIBUTION OF DOCUMENTS:
Original to James Lewis.
REVIEWED
LEGAL COUNSEL
After Recording, Return To:
Deschutes County Property
Facilities Department
clo Susan Ross, Director
P.O. Box 6005
Bend, OR 97708
and
F.-,r Recording Stamp Only
BARGAIN AND SALE DEED
U.S. BANK NATIONAL ASSOCIATION, flk/a FIRST TRUST NATIONAL ASSOCIATION flk/a
FIRST BANK NATIONAL ASSOCIATION d/b/a FIRST TRUST OREGON, grantor, conveys to
DESCHUTES COUNTY, OREGON, a political subdivision of the State of Oregon, grantee, the following
described real property:
Lots Seven (7), Eight (8) and Nine (9), Block Fourteen (14) of the ORIGINAL TOWNSITE OF
REDMOND, Deschutes County, Oregon.
SUBJECT TO all encumbrances of record and those common and apparent on the land.
Required Notice: BEFORE SIGNING OR ACCEPTING THIS INSTRUMENT, THE PERSON
TRANSFERRING FEE TITLE SHOULD INQUIRE ABOUT THE PERSON'S RIGHTS, IF ANY, UNDER ORS
195.300,195.301 AND 195.305 TO 195.336 AND SECTIONS 5 TO 11, CHAPTER 424, OREGON LAWS 2007,
SECTIONS 2 TO 9 AND 17, CHAPTER 855, OREGON LAWS 2009, AND SECTIONS 2 TO 7, CHAPTER 8,
OREGON LAWS 2010. THIS INSTRUMENT DOES NOT ALLOW USE OF THE PROPERTY DESCRIBED IN
THIS INSTRUMENT IN VIOLATION OF APPLICABLE LAND USE LAWS AND REGULATIONS. BEFORE
SIGNING OR ACCEPTING THIS INSTRUMENT, THE PERSON ACQUIRING FEE TITLE TO THE PROPERTY
SHOULD CHECK WITH THE APPROPRIATE CITY OR COUNTY PLANNING DEPARTMENT TO VERIFY THAT
THE UNIT OF LAND BEING TRANSFERRED IS A LAWFULLY ESTABLISHED LOT OR PARCEL, AS
DEFINED IN ORS 92.010 OR 215.010, TO VERIFY THE APPROVED USES OF THE LOT OR PARCEL, TO
DETERMINE ANY LIMITS ON LAWSUITS AGAINST FARMING OR FOREST PRACTICES, AS DEFINED IN
ORS 30.930, AND TO INQUIRE ABOUT THE RIGHTS OF NEIGHBORING PROPERTY OWNERS, IF ANY,
UNDER ORS 195.300, 195.301 AND 195.305 TO 195.336 AND SECTIONS 5 TO 11, CHAPTER 424, OREGON
LAWS 2007, SECTIONS 2 TO 9 AND 17, CHAPTER 855, OREGON LAWS 2009, AND SECTIONS 2 TO 7,
CHAPTER 8, OREGON LAWS 2010.
The true and actual consideration for this conveyance consists in whole of other value given.
SIGNATURES ON FOLLOWING PAGES
1
DATED this :z.::fday Of ~' 2015
U.S. BANK NATIONAL ASSOCIATION
STATE OF OREGON )
rl1u/"fy)oma.h ) 55,
County of.ee~ehute5 )
This instrument was acknowledged before me, a Notary Public, by CHERYL NELSON, VICE
PRESIDENT, of U.S. Bank National Association.
OAT. Dthis CZ1 daYOf ~~2015
My Commission Expires: ~0'1 1 a017
OFFICIAL SEAL
KAREN L NELSON
NOTARY PUBlJC.OAEGON
COMMISSION NO. <477117
MY COMMISSION EXPIRES APftIL 07,2017
END OF SIGNATURES
2
REVIEWED
LEGAL COUNSEL
Deschutes County, acting by and through its Board of County Commissioners, does hereby accept the
foregoing Statutory Bargain. and Sale Deed from U.S. Bank National Association, to which this
acceptance is attached, pursuant to ORS 93.808.
DATED this __day of _______ BOARD OF COUNTY COMMISSIONERS
OF DESCHUTES COUNTY, OREGON
ANTHONY DEBONE, Chair
ATTEST: ALAN UNGER, Vice-Chair
Recording Secretary TAMMY BANEY, Commissioner
STATE OF OREGON
County of Deschutes
)
) ss.
)
Before me, a Notary Public, personally appeared ANTHONY DEBONE, ALAN UNGER and TAMMY
BANEY, the above-named Board of County Commissioners of Deschutes County, Oregon and
acknowledged the foregoing instrument on behalf of Deschutes County, Oregon.
DATED this __day of ______
My Commission Expires: ________
Notary Public for Oregon
DOCUMENT NO. 2015-116 1