Laserfiche WebLink
434 October 25,1989 <br /> DEED-WEST MARINE VIEW DRIVE <br /> .•r''<,', In 1937 the City of Everett acquired Lots 27-32 inclusive, Block <br /> 55BB, Plat of Everett Division "E" from Snohomish County <br /> (Treasurer's Deed). This property is required for the West Marine <br /> View Drive Street widening Project. Since the property was not <br /> originally acquired for satreet" purposes, a conveyance must be <br /> executed by the City of Everett to stipulate to this use. <br /> The compensation for this conveyance is $65,000 which is the <br /> appraised value of the subject property and it is the recommendation <br /> Of the Real Estate Committee to deposit these monies into Fund 145, <br /> Real Property Acquisition Fund. <br /> Moved by Cooncilmember Gipson, seconded by councilmember Overstreet <br /> to authorize the Mayor to signs Quit Claim Deed for West Marine <br /> View Drive and to deposit the compensation for this conveyance into <br /> Fund 145,Reel Property Acquisition Fund. <br /> =Aleildt :Ilc'unrj"mbe" veti" yes <br /> "eePt <br /> cilvMbeNnonnwexcusec <br /> < <br /> < Motion carried. <br /> -3# <br /> RESOLUTION-BETHANY OF THE NORTHWEST <br /> Bethany of the Northwest is financing construction of a 120 bed <br /> i . ' skilled nursing home. Under Washington law the City may invest in <br /> . <br /> , such facilities provided facilities are provided for low income <br /> residents. City Staff recommends a$300,000 investment from fonds <br /> on hand. <br /> Moved by Councilmember Langus, seconded by Councilmember Morrow to . <br /> adopt Resolution No.3242 authorizing a loan for low in housing <br /> to Bethany Of the Northwest,pursuant to RCS 35.21.685 as follows: <br /> • WHEREAS, Bethany of the Northwest is a Washington non-profit <br /> corporation, located in the City ofing Everett, currently engaged in <br /> the construction of a 120 bed nurshome facility to be located at <br /> 2235 Lake Heights Road,Everett,Washington;and <br /> roEurslAnS'prsoattnaTg911:dmeinrg712wRg11.anTetitute e 'eW <br /> gj1 <br /> WHEREAS, Bethany has requested that the City of ( ifEVeret make <br /> r .sl, a loan in the approximate amount of five percent othe <br /> ,I I required financing for the construction of said project, in the <br /> amount of THREE HUNDRED THOUSAND DOLLARS($300,000);and <br /> WHEREAS, the City of Everett is empowered pursuant to RCS <br /> 35.21.685 to assist in the development of publicly or privately <br /> owned housing for persons of low income by providing loans of <br /> general municipal funds to the owners or developers of such housing; <br /> and <br /> WHEREAS, the Everett City Council having reviewed the <br /> request,having obtained the advice of its staff and city attorney, <br /> and being fully advised,believes this loan to be in the City's best <br /> interest and to provide an appropriate investment vehicle for <br /> general municipal funds; <br /> . I <br /> . I ' <br /> '1111 <br />