Laserfiche WebLink
11 <br /> EVERETT CITY COUNCIL AGENDA ITEM COVER SHEET <br /> PROJECT TITLE: <br /> Award bid to the highest bidder Consent COUNCIL BILL # <br /> for the surplus and sale of real X Action Originating Department Facilities& <br /> property located at the Property Mgt. <br /> northwest corner of Pacific and First Reading Contact Person Mike Palacios .442 <br /> Cedar. Second Reading Phone Number 257-8938 <br /> Third Reading FOR AGENDA OF July 19, 2006 <br /> Public Hearing <br /> Initialed by: <br /> Department Head (4, <br /> CAA . <br /> Council President �r <br /> Location Preceding Action Attachments Department(s) Approval <br /> Northwest corner of 5/24/06 Resolution No. 1. High Bid All <br /> Pacific and Cedar(2700 5772 surplusing subject 2. Site Map <br /> Pacific Ave) property and authorizing <br /> its sale by sealed bid <br /> 4/19/06 Real Estate <br /> Committee <br /> Amount Budgeted -0- <br /> Expenditure Required -0- Account Number(s): N/A <br /> Budget Remaining -0- <br /> Additional Required -0- <br /> DETAILED SUMMARY STATEMENT: <br /> On May 24, 2006, City Council passed Resolution No. 5772 declaring real property owned by the City of <br /> Everett located at the northwest corner of Pacific and Cedar as surplus to the City's existing and foreseeable <br /> needs and authorized its sale by competitive sealed bid. <br /> On June 22,2006, bids were opened for the surplus/sale of the real property located at the northwest corner <br /> of Pacific and Cedar. The bids received were as follows: <br /> 1. Norman $910,000.00 <br /> The recently appraised value of the subject property is $910,000.00 <br /> RECOMMENDATION (Exact action requested of Council): <br /> Award the sale of the City owned property located at the northwest corner of Pacific and Cedar to the high <br /> bidder Peter Norman for$910,000.00 and authorize the Mayor to execute a purchase and sale agreement and <br /> all required conveyance documents. <br /> 30 <br />