1932/03/18 Council Minutes - Laserfiche WebLink

76 tI MARC%18th,1992. The Regular Administrative Session of the City Council was ljl id March le.,1932,10-30 A.M.,Mayo'Edwards in the Chair,Commissioners J steno end Erioeon present at roll Gell. Milmtee of March 17th,1932 read and approved as of record. Moved by Costello,seconded by Ericson,that the transfer of ,500.98,by the City Treasurer,to the Slwal agency in sew York,to Corer in- vest on Everett Water Special Reveme Honda#2.be approved. Carded unanimously.,' Moved by Ericson,seconded by Costello,that the claim of Aosantoh,$4.24,be allowed and paid. Cerrlal unflvlmously.,u' Mmved by Erica,seconded by Costello,that the claim of on&Melton,$790.94,be allowed and paid. Carried unflnimwel y'..' Moved by Costello,recorded by Erioeon,that Reeolutl0n .3075,be adopted as follows: "RESOLUTIOM No.San. it CSeOlved by the Clty Council of the City of Everett: 09REAS,Mr.A.W.Cough has offered to purahaee lots numbered 14,1 and 2,of mak mmbered BOB of the plat of Everett,Snohomish County,Washington,which said op "Party fiveto hundredl($2,500)dollar:,ont �tares and conditions follorime in wing:sum of SPurchaser agrees to pay two hundred fifty($250)dollars in Dash,and the bal- es f such purchase price on or before two years from this Date with interest on v dbalances from this date until paid at the rate of five(5t per cent per im;that the mount ao paid shall be saidered merely as an option to puroh orfperty{ comaense he ae otien off a building on said property within thirty 01 days from this date,end to complete the said building within six(a)months mo date hereof,and to keep property free of liens or encumbrances. Seller agrees that it will furnish purchaser a good and merchantable title to .t'property,provide preseat title insurance dowing sock merohanteble title,es- ., said lots from taxes for a period of two years from date or that in the event "chaser is required to pay any taxes only on said lots(not on improvements)to ([\� dee purchase price of said lots in an emonnt equal to any such mches amount as pun " oxy be required to pay an e tat. AM it is mutually agreed that in Daae of failure to pay the balance of purchafe or part thereof,the amount paid for option and a cost of improvements shall forfeited to and Dewane the property ty of seller,end all rights d interests of "laser hall oompletto Dee d deterudne because of such failure,and said Urnshallterminate in easepurchasershall fail in the erection of said building mid property. TREREEmte,he it resolved,that aeon payment of said sum of two hundred fifty