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HomeMy WebLinkAboutA004 - Review of abstract of title HITHELD 317 Sixth Avenue,Suite 1200 DDY Des Moines,IA 50309-4195 P. L. C. 'telephone 515-288-6041 ATTORNEYS&COUNSELORS AT LAW Facsimile 515-246-1474 www.whitfietdlaw.com Gary Gately Maureen Roach Tobin Kara M.Smnard Jennifer L.Smith Ankeny: Or Counsel: David L.Phipps G.Mark Rice Jon E.Kramer Ashleigh E.O'Connell Mark R.Gray Harley A.Whitfield Benjamin B.Ullem Richard J Kirschman B.MacPaul Stanfield S.Luke Cntven David D.Nelson Denise M.Hill Bernard L.Spaeth,Jr. John F.Fatino Matthew D Jacobson William C.Scales Elissa M.Thompson Jaki K.Samuelson Jason M.Casini Nicholas O.Cooper Matthew D.Giles Retired: Kevin M.Reynolds J.Campbell Helton John H.Moorlach Van T.Everett Mt.Pleasant: A.Roger Witke Thomas 11 Burke Sally A.Reavcly Erik S.Fisk Sarah S.Janes Philip McCormick Alanson K.Elgar Thomas Henderson Anjela A.Shuns Kimberly S.Bartosh Bryce K.Dalton Diana L.Miller Robert L.Fanter Thomas S.Reavcly Jeffrey D.Stone Stephen w.Tyler George H.Frampton John A.Templer,Jr. Stephen E.Doohen Shannon J.Woods Robert G.Bridges Gary A.Norton Drew J.Gentsch Jason T.Farley Greg A.Naylor Stephen D.Marso Amos E.Hill Direct DneiE-bfail (515)558-0102 fisk@,whitfiel dlaw.cont February 28, 2014 Honorable Ann Campbell, Mayor, Members of City Council, Ames City Council 515 Clark Avenue Ames, IA 50010 Re: Kinneer Development, LLC IOth Addition, Dauntless Subdivision Dear Mayor Campbell: Pursuant to your City's Ordinance and applicable Iowa Code, we have examined the abstract of title prepared by Abstract and Title Services of Story County, consisting of multiple parts, continued through Abstract No. 1402190328, to the following described real estate: LOT 2, 8TH ADDITION, DAUNTLESS SUBDIVISION, AN OFFICIAL PLAT IN THE CITY OF AMES, STORY COUNTY, IOWA which is to be known as loth Addition,Dauntless Subdivision. "The Abstract has been certified as full and complete from the date of Original Entry (Root of Title) to the 19th day of February, 2014, at 8:00 a.m. This preliminary title opinion, based upon that examination, is rendered for use and reliance by you only, and for platting purposes. As of the date and time referenced herein, we find from our examination that good and marketable title to the property described above to be vested in: Kinneer Development, LLC. EXCEPT 'THAT we also find certain matters that require the following observations and comments: Also with Offices: 110 N.Jefferson,Suite 101,Mt.Pleasant,Iowa 52641-319-385-9522 213 N.Ankeny Blvd.,Suite IOU,Ankeny,Iowa 50023-515-964-3633 k19THIRD February 28, 2014 Page 2 Y)XRXY Iw9 SPECIAL. PROVISIONS: 1. The 2nd half real estate taxes in the amount of$6,153.00, delinquent after March 31, 2014, are shown in the abstract; however, the undersigned has confirmed with the Story County Treasurer that said taxes were timely paid. 2. A Consent to Plat executed by the owner shall be required. 3. A Treasurer's Certificate shall be required. EASEMENTS: 1. At Entry No. 17 of Abstract No. 970707446, easements to US West Communications, Inc., were conveyed and recorded in Book 303, Page 59 and in Book 303 at Page 60 which should be located with respect to the subject property. 2. At Entry No. 64 of Abstract No. 31449A, easements to the City of Ames, Iowa, recorded as Instr. No. 00-03177, was conveyed affecting property out of which the subject property was platted. 3. At Entry No. 47 of Abstract No. 31449A, easements to the City of Ames, Iowa recorded as Inst. No. 97-11160, was conveyed affecting property out of which the subject property was platted. 4. At Entry No. 49 of Abstract No. 31449A, an easement to US West Communications, Inc. recorded as Inst. No. 97-11161, was conveyed affecting property out of which the subject property was platted. 5. The abstract shows Agreements recorded at Entry No. 49 of Abstract No. 31449A, Inst. No. 00-03180, at Entry No. 82 of Abstract No. 32900A, Inst. No. 01-04741 and at Entry No. 90 of Abstract 35620A, Inst. No. 02-13086 with the City of Ames, Iowa providing for the installation of sidewalks within property out of which the subject property was platted. 6. At Entry No. 78 of Abstract 32900A, recorded as Inst. No. 01-04737, easements to the City of Ames, Iowa, were recorded which affects property out of which the subject property was platted. 7. At Entry No. 80 of Abstract 32900A, recorded as Inst. No. 01-04739, an access easement to the City of Ames, Iowa, was recorded as which affects property out of which the subject property was platted. 8. At Entry No. 91 of Abstract 35620A, Inst. No. 02-13087, easements to the City of Ames, Iowa were recorded as which affect properties out of which the subject property was platted. HITHILD February 28,2014 E Dq L.C. Page 3 9. At Entry No. I I I of Abstract 0603030311, Inst. No. 05-12734, refer to the Plat of Survey. 10. At Entry No. 109 of Abstract 0603030311, as Inst. No. 04-14321, easements for driveway purposes are recorded and affecting the subject property. 11. At Entry No. 126 of Abstract No. 1402190328, Inst. Nos. 08-07779 and 08- 07780, refer to the Plat of Survey. 12. At Entry No. 128 of Abstract No. 1402190328, there appears an Easement Grant to the City of Ames bearing Inst. No. 08-07782, which affects property out of which the subject property was platted. GENERAL: 1. This is only a title opinion prepared for platting purposes and solely for that use. 2. Searches are shown in the abstract to have been made against Kinneer Development, LLC, for the past ten years to February 19, 2014 at 8:00 a.m. Searches have been limited to Story County, Iowa. Searches are also shown to have been made in the Mechanic's Notice and Lien Registry maintained by the Iowa Secretary of State. Searches should be continued to the date and time of recording your interest, to obtain a complete examination of title. We require searches for ten years'to the time of recording your interest as to all owners within said ten years. 3. ZONING. The property is subject to the City of Ames Zoning Ordinance. 4. STANDARD EXCEPTIONS. This title opinion is subject to our standard exceptions attached hereto and by this reference incorporated herein. You should take note of these exceptions. Respectfully submitted, grr -DDY,,P.L.C. By: O. i cc: Kevin Kinneer(via email) Brad Kuehl (via email) IAM—V—Wi ropcev Dne1op—iwT1,va 1)-1or—n1 TO 02 29 14 doc HITFIELD February 28, 2014 DDY L.C. Page 4 ♦fIM.YiAY i�„V1"f IMR f 1_,YY WHIT FIELD& EDDY, P.L.C. STANDARD EXCEPTIONS TO TITLE OPINIONS I. This opinion is provided to the persons or entities identified as the addressees of this opinion,and it is not to be relied upon by any other person or entity. 2. This opinion is confined to an examination of the abstract only. This opinion is made subject to exceptions reserved by the abstracter in preparing the above-referenced abstracts. 3. The abstract may be prepared pursuant to the Iowa 40-Year Marketable Title Act(Iowa Code§§614.29 to 614.38). 4. Effective July 1,2009,any property served by private sewage disposal system(septic system)must have the system inspected by a certified inspector prior to any transfer of ownership of the property by deed or contract,unless exempted by law. Iowa Code§455.172(11). 5. No visual inspection of the property has been made. Certain items cannot be determined by examination of the abstract. Your attention is,therefore,called to the fact that you are required to take notice of the following potential encumbrances on the real estate under examination: (a) The rights of all persons in possession of the real estate other than the titleholders of record. (b) The rights of undisclosed spouses. (c) The right to file mechanic's liens against the premises for labor or materials furnished in connection with improvements thereon within 90 days from the furnishing of the last item of material or labor. In this regard,you should examine the same and satisfy yourself that no labor or materials have been furnished for impmvements within the last 90 days or, if such improvements have been made,that all suppliers of labor or materials have been fully paid. (d) Unidentified or unreported zoning and similar municipal ordinances. (c) Unreported bankruptcy proceedings. No opinion can be given concerning the effect of bankruptcy proceedings on title to the real property. M Forged or altered instruments. (g) Any facts which would be disclosed by a visual inspection or survey and which would identify physical use,location of easements and improvements on bordering real estate. This opinion does not assure correctness of boundary and lot lines. (11) Real estate taxes and special assessments not yet spread on the county books and charges for municipal services,which are not included in the abstract,that constitute a lien on the benefitted property. It would be advisable to check with the City Clerk,Board of Supervisors,or the County Auditor's office to determine if any resolutions of necessity for special assessments have been adopted or charges have been assessed which pertain to the real estate under examination. W The abstract does not disclose the existence of hazardous substances,pollutants,contaminants, hazardous waste,underground storage tanks,drainage wells,active or abandoned water wells,and other environmentally regulated activities. You are cautioned that federal,state,and local regulations may,in the event that there are environmental and/or public health violations,permit injunctive relief and require removal and remedial actions or other"clean-up activity." The costs of such"clean-up"may become a lien against the real estate under examination,and you may have personal liability even though you may not have disposed of such hazardous substances,pollutants,contaminants,or hazardous waste on the real estate under examination or used any underground storage tanks or wells. In this regard you should satisfy yourself that there are no potential environmentally hazardous substances on the real estate under examination that would subject you to liability for environmental clean-up. 0) Unrecorded purchase money liens. f I I