Laserfiche WebLink
POSSESSION AND USE AGREEMENT <br /> Edgewater Bridge Replacement Project <br /> City of Everett Project No. PW3694-10-11 <br /> Federal Project No. BRM-2776(009) <br /> This POSSESSION AND USE AGREEMENT("Agreement")is made and entered into by and <br /> between the City of Everett, a Washington municipal corporation,hereinafter referred to as the <br /> "City," and Richard Eitel, as Trustee of the Suzanne Eitel Trust, hereinafter referred to as the <br /> "Owner." <br /> WHEREAS, Owner owns the real estate parcel identified by its legal description on Exhibit A <br /> and depicted on the parcel map attached as Exhibit B; and <br /> WHEREAS, the City affirms that a portion of the Owner's real estate described herein is <br /> required by the City for construction of a City roadway project, the Edgewater Bridge <br /> Replacement Project; and <br /> WHEREAS,the City affirms that any delay in its construction program is contrary to the public <br /> interest; and <br /> WHEREAS,the City has made a firm and continuing offer to pay the amount of Five Thousand <br /> One Hundred and 00/100 Dollars ($5,100.00) the ("Offer") for the purchase of the following <br /> described interest in the real property owned by Owner situated in Snohomish County, in the <br /> State of Washington: <br /> A fee interest in that certain real property legally described and depicted as the Fee <br /> Interest Area on Exhibit C; and <br /> WHEREAS,the parties require additional time to evaluate said Offer and/or resolve questions <br /> concerning just compensation,but have agreed that the Edgewater Bridge Replacement Project <br /> may proceed while the parties continue to negotiate; and <br /> NOW THEREFORE, for and in consideration of the City's payment of the Offer and the other <br /> consideration provided in this Agreement, the Owner hereby grants to the City an immediate <br /> right to possess and use the above-described real estate. The parties further agree that: <br /> 1. The City has determined that the fee interest described in this Agreement is <br /> necessary for a public use of the City, and more specifically for the Edgewater <br /> Bridge Replacement Project. The Owner does not object to this determination. <br /> {EFM2710126.DOCX;3/13113.000015/} <br />