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EVERE` T CITY COUNCIL AGENDA ITEM C fi RDIt <br /> PROJECT TITLE: <br /> Grant of Conservation 1-12-11 Briefing COUNCIL BILL# <br /> Easement to Snohomish Proposed Action Originating Department Parks <br /> County for property located at Consent Contact Person Paul Kaftanski <br /> 528 Madison Street 1-19-11 Action Phone Number 425-257-8335 <br /> First Reading FOR AGENDA OF 1-12-11 <br /> Second Reading 1-19-11 <br /> Third Reading <br /> Public Hearing <br /> Initialed by: <br /> Department Head <br /> CAA <br /> Council President <br /> Location Precediniz Action Attachments Department(s)Approval <br /> 528 Madison Street, 5/5/10 Approval of Conservation Easement Parks <br /> SW Corner of Madison agreement with Legal <br /> Street and Morgan Road Snohomish County for Facilities/Real Property <br /> use of Conservation <br /> Futures funds <br /> Amount Budgeted -0- <br /> Expenditure Required -0- Account Number(s): <br /> Budget Remaining -0- <br /> Additional Required -0- <br /> L <br /> DETAILED SUMMARY STATEMENT: <br /> On May 5,2010, Council authorized the Mayor to execute an interlocal cooperation agreement with <br /> Snohomish County concerning the acquisition of property using Conservation Futures funds. The agreement <br /> required the City to execute and record a Conservation Easement on the property purchased with the funds. <br /> This action is to authorize the Mayor to sign the required Grant of Conservation Easement. <br /> The City proposes to acquire an approximate 1.78 acre parcel of property located at 528 Madison Street. <br /> The proposed acquisition,which includes the purchase price, appraisal costs,investigative studies, and all <br /> closing costs, will be paid for using Conservation Futures funds as provided for in the agreement with <br /> Snohomish County. <br /> The Conservation Easement sets forth three major City responsibilities for the property,which include: <br /> maintenance of the property in an open space configuration for passive public recreation, submittal of an <br /> annual report to the county regarding the property's status, and submittal of a long term maintenance and <br /> development plan. Additionally,the City will need to sign the property in a manner that lists Snohomish <br /> County as a participant in its acquisition. <br /> RECOMMENDATION (Exact action requested of Council): <br /> Authorize the Mayor to execute the Grant of Conservation Easement to Snohomish County for property <br /> located at 528 Madison Street. <br /> 17 <br />