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347 <br /> August 31,ISB8 <br /> • eillf:emtaitgertMen recessed into Executive Session on legaland real <br /> S'e:siOnguw1iYh PT:LUntofNivtahenV.L 2=Ime¢1717ein'tt=ganrc:gur" <br /> RESOLUTION-PROPERTY PURCHASE <br /> !0 <br /> 0 <br /> 0 <br /> s <br /> =1,tg0tge'l::roMgid sh7o1=:,liaRrASadgetherit=111 <br /> 1=verenls=r4aven'coTumnuintiytYwi'dentg:ne'fictis'illeSwelrle a'sultaUtt <br /> hen..e which justify appropriation from real estate excise taxes. <br /> 'eZp"f brLotNt.'n'er.lott,etTAL=IlenI'vrec=teITY:hrnegt,,,1 <br /> the Rucker property amount to$1,13,700 as follows: <br /> improvemeNE=9;sr:hiCihtinIcler17::113atlernreptbilTwoark:%gg <br /> must be sited upon properties owned by the City;and <br /> WHEREAS, the capital imprOvement oleo conSeePietea the <br /> purchase of properties to be made as soon as possible to preclude <br /> the possibility that the property may become unavailable in the <br /> future;and <br /> WHEREAS, the City adopted by ordinance the option of <br /> collecting one-quarter e nt of thvalue of ll r <br /> estate transactions occurringofonwithinperceits municipale boundaries;aandeal <br /> WHEREAS, the City has collected such tax from real estate <br /> transactions for two years and is financially prepared to purchase <br /> Properties that will further the capital improvements program of the <br /> City, <br /> WHEREAS, the City Council finds that library and community <br /> center faci/ities are cultural improvements and have cozmwnity wide <br /> benefits as well as local benefits which justify approPrietigo free <br /> real estate excise taxes <br /> NOW, T EREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE <br /> cm OF EVERETT!' <br /> That the Mayor is hereby authorized to prepare a budget <br /> which will appropriate funds for the purchase Of properties,therein <br /> naming specific sites, delineating their PurP.S. in furthering the <br /> capital improvement plan, and identifying the sources of funding. <br /> To wit, <br />