Resolution 3900 - Laserfiche WebLink

4/.IN,.. 1-‘1" " dFE T RESOLUTION NO. 3900 A RESOLUTION authorizing the sale of City Real Property generally located North of Mukilteo Blvd. fronting on the East side of Federal Avenue and adjacent to 4215 Federal Avenue. WHEREAS, review of the property described in Exhibit "A" has been completed by all City Departments and Administration; and WHEREAS, the Everett City Council finds and determines that the real property described in Exhibit "A" is not and will not be needed for City purposes; and WHEREAS, the Everett City Council finds that the City has complied with the requirements of Section 15.8 of the City Charter and requirements of Resolution 1984, except as modified herein; NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EVERETT as follows: Section 1: The real property described in Exhibit "A" is not and will not be needed for City purposes and is, therefore, declared to be surplus property. Section 2: The real property described in Exhibit "A" shall be sold at a public sale by a competitive sealed bid process on the following conditions: a) The requirements of Resolution No. 1984 will be followed in the disposition of the real property described in Exhibit "A", except that the segregation and transfer of said real property shall be accomplished through a Boundary Line Adjustment; and b) The real property described in Exhibit "A" shall be sold for a minimum bid price of 100% of the appraised value upon the terms of 10% payment with the bid and the balance of owed funds to be paid to the City at the Boundary Line Adjustment conveyance closing, in the process detailed in Resolution 1984; and c) The Everett City Council reserves the right to reject any and all bids. It also reserves the right to waive any informalities in connection with said bid; and d) The Everett City Council directs staff to market the property; and g) The City Council directs staff to set the anticipated closing date to be sixty (60) days after acceptance of the bid.