Title
Quit-Claim Deed onto the Board of Trustees of the Internal Improvement Trust Fund of the State of Florida (B)
This item involves the authorization for the Mayor to execute a Quit-Claim Deed onto the Board of Trustees of the Internal Improvement Trust Fund of the State of Florida.
Explanation
Tallahassee Title Insurance Group, LLC, is the title firm issuing title insurance for the 6th Street Rail Trail to the Board of Trustees of the Internal Improvement Trust Fund of the State of Florida. The underwriter for the firm has determined the City of Gainesville may have a claim of title to a portion of the trail, dating back to the late 1800's. Although four surveyors have stated the City of Gainesville has no claim or encroachments, the underwriter is requesting a Quit-Claim Deed be executed on behalf of the Board of Trustees of the Internal Improvement Trust Fund of the State of Florida, clearing any claim. The legal description contained in the Quit-Claim Deed is for the entire 6th Street Rail Trail and has been verified by the City' surveyor.
Fiscal Note
There is no fiscal impact by the granting of authorization.
Recommendation
Recommended Motion: The City Commission: 1) authorize the Mayor to execute and the Clerk to attest the Quit-Claim Deed onto the Board of Trustees of the Internal Improvement Trust Fund of the State of Florida, subject to approval by the City Attorney as to form and legality
Alternative Recommendation A: Deny the request either delaying or canceling the conveyance of the 6th Street Rail Trail onto the Board of Trustees of the Internal Improvement Trust Fund of the State of Florida.