Resolution 30-04 Accepting Property

WHEREAS, the City Council has heretofore determined that it is beneficial to the City of Mountain Iron to accept certain property from the USX Corporation.

NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF MOUNTAIN IRON, MINNESOTA, that the Mayor and City Administrator execute the acceptance of the deed to the City of Mountain Iron from the USX Corporation for the following described real estate:

Parcel 1- Part of NE �-SE �, Sec. 9 lying easterly of DM & IR RR ROW; NW �-SW �, Sec. 10 lying easterly of DM & IR RR ROW; part of NE �-SW �, Sec. 10 lying westerly of County Road 102 ROW and north of north line of existing RR (Wacootah Spur) ROW; part of SW �-SW �, Sec. 10 lying easterly of DM & IR RR ROW and northerly of north line of existing RR (Wacootah Spur) ROW. 58.74 acres, EXCEPTING and RESERVING therefrom all of the minerals within and under the SW� of SW�, Sec. 10, Twp. 58N, R18W;

Parcel 2- Part of SW �-SW �, Sec. 10 lying easterly of DM & IR RR ROW, northerly of Highway 169 ROW and southerly of north line of existing RR (Wacootah Spur) ROW. 13.48 acres, EXCEPTING and RESERVING therefrom all of the minerals within and under the SW� of SW�, Sec. 10, Twp. 58N, R18W;

Parcel 3-All of Seller�s undivided ownership in part of SW �-NW �, Sec. 10. 33.57 acres, EXCEPTING and RESERVING therefrom part of the minerals within and under the SW� of NW�, Sec. 10, Twp. 58N, RI8W;

Parcel 5- Part of NW �-NW �, Sec. 10 except part platted as Merritts First Addition to Mt. Iron and Blocks 21 and 24 Merritts Addition to Grant. 16.85 acres, EXCEPTING and RESERVING therefrom part of the minerals within and under the NW� of NW�, Sec. 10, Twp. 58N, R18W;

All in T. 58N- R. 18W, St. Louis County, Minnesota.(hereinafter “Premises”);

TOGETHER with all the appurtenances, easements, hereditaments, and access rights pertaining to the property, and all other rights of Seller in and to the property. The transaction contemplated herein between Seller and Buyer is subject to:

1. License to the City of Mountain Iron, Minnesota dated September 29, 1981 for a well and water line on part of the Premises.

2. Lease to the City of Mountain Iron, Minnesota dated January 1, 1998 for a gravel stockpile site, electrical substation and water pumping and supply station on part of the Premises.

3. Lease to the City of Mountain Iron, Minnesota dated January 1, 1998 for a water line and electric transmission line on part of the Premises.

4. Easement to the City of Mountain Iron, Minnesota dated September 21, 1998 for a water pipe line on part of the Premises.

5. License to the City of Mountain Iron, Minnesota dated August 21, 1964 for an underground sewer line on part of the Premises.

6. Easement to Minnesota Power & Light Company dated November 30, 1983 for an electric transmission line across part of the Premises.

7. Easement to St. Louis County dated April 6, 1987 for a public highway right-of-way for CSAH 102

8. License to Northern Natural Gas Company dated October 6, 1965 for a gas pipeline across part of the Premises.

9. License to St. Louis & Lake County Counties Regional Rail Authority for a multi-purpose recreational trail across part of the Premises.

DULY ADOPTED BY THE CITY COUNCIL THIS 16th DAY OF AUGUST, 2004.