Ordinance 2391-99 - Laserfiche WebLink

WHEREAS, during the five years following the adoption of Ordinance No. 1420-87, the City authorized a number of projects and real estate acquisitions which completed the expenditure of the $30,000,000 authorized in Ordinance No. 1420-87; and WHEREAS, in a December 27, 1990, news article, City representatives discussed the City's pending purchase of an old landfill and railroad site, commonly known as the Glacier Park Property, from Glacier Park, a Burlington Northern real estate subsidiary, for a $1,500,000 purchase price. The Mayor was quoted as follows: . . . the city doesn't have a designated plan for the property. "Everything is just sort of in the idea stage right now," the mayor said. "But it's a great piece of property as far as location." The mayor maintains that the land is a long term investment and critical for developing the waterfront; ; and WHEREAS, in January of 1991 and pursuant to an agreement dated October 31, 1990, the City utilized approximately $1,500,000 of the $30,000,000 CIP 1 fund to purchase portions of the Glacier Park Property; and WHEREAS, in November of 1991, the Mayor presented to the City Council an artistic rendition of his proposed multiple-use concepts for the Simpson Property, the Glacier Park Property and other Snohomish Riverfront properties; and WHEREAS, pursuant to an agreement dated January 15, 1992, the City utilized approximately $3,000,000 of the $30,000,000 authorized in CIP 1 to purchase real estate properties commonly known as the Simpson Property; and WHEREAS, a September 3, 1992, news article included the following information concerning the intentions of the Mayor and City Council concerning the Simpson Property. The article stated the Mayor: . . . is working on an undisclosed deal that apparently will at least partly determine how the Snohomish River waterfront site will be used. He said he plans to make an announcement next week. 2 •