Loading...
113 of 1981 - NOTICE OF DEFAULT regarding an agreement to deed 2.9 acres of real property in Emigration Canyon nor Resolution No. 113 By PETITION 408 of 1981 ' Notice of Default by Salt Lake City Corporation on 2.9 acres of real property in Emigration Canyon north of Rotary Glen against Donner Place, Inc. RESOLUTION 113 OF NOTICE OF DEFAULT WHEREAS, on or about January 22, 1963, Salt Lake City Corporation, as Grantor, hereinafter "City" entered into an agreement to deed 2.9 acres of real property in Emigration Canyon north of Rotary Glen to Oak Hills, Inc., as Grantee, for the pur- pose of promoting development of the land for a municipal park which the Grantee was responsible to develop; and WHEREAS, said Quitclaim Deed, a copy of which is attached hereto marked as Exhibit "1", was duly recorded as Entry No. 1898107 in Book 2014 at Page 371 ; and WHEREAS, the Grantee under said Deed had certain obligations considered conditions subsequent to the transfer of said land, to make certain improvements and was obligated to proceed diligently without delay to accomplish the same; and WHEREAS, the City reserved a reversionary interest in the real property to enable it to void the transfer in the event Grantee or its successors-in-interest failed or refused to comply with its obligations to perform certain acts specified in said Deed; and WHEREAS, the Grantee and its successor-in-interest have failed to comply with the conditions subsequent providing the consideration for the Deed, including but not limited to the duty to submit plans and cover the Emigration Creek, and to develop a park according to City-approved speculations and approvals; and WHEREAS, to City's knowledge, no plans have ever been sub- mitted or approved by the City, let alone implemented to date; thereby defaulting under its obligations under said Deed; and WHEREAS, City intends to proceed to enforce its reversionary interests to protect its interest in said property. THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF SALT LAKE CITY, UTAH: 1. City as Grantor under the Quitclaim Deed described above, marked as Exhibit "1" holds easements, restrictive covenants and reversionary interests in property described in Exhibit "1" herein by reference. 2. Grantee has failed to perform its obligations under said Deed, thus defaulting under said conditions subsequent which formed the consideration of said Deed; 3. Therefore, City gives notice of said default to Grantee with demand, that if the Grantee or its successor-in-interest continues in default for thirty days after the date of delivery of this Notice, Grantee's interest in said land and Quitclaim Deed will be defaulted, and title will revert to the Grantor. DATED this day of J Ic' .2/ri1 r^ , 1981. SALT LAKE CITY COUNNCIL By it.144 /9W-et.C7. CMAN ATTEST: CIT RECO R SALT/LAK CITY CORP RATION YOR ATTEST: WttiC47r77 CITY RECO ER -2-