2011/04/06 Council Agenda Packet

2. required enforcement of the view easement restrictions. This right is in addition to any other right the City may have in law or in equity. Section 3: Development Effect. The Petitioners agree, by way of the attached covenants which are incorporated herein by reference, that development on the abutting properties shall be restricted to one single-family dwelling and related structures incidental thereto. The attached covenants shall be recorded with this ordinance. - , Section 4: City Liability. The City shall not be responsible nor liable for storm drainage runoff resulting from existing drainage patterns as established on City rights-of-way that may currently, or in the future, go over, under, or across the rights-of-way described above. Section 5: Payment Required Before Effective. This ordinance shall not become effective until the Petitioners, as the abutting property owners upon the rights-of-way herein described, have compensated the City the total amount of seventy thousand dollars ($70,000.00), the equivalent of the full appraised value of the rights-of-way to be vacated. The Petitioners shall have ninety (90) days following passage of this ordinance to fully comply with this Section 5. Unless otherwise amended by City Council, this ordinance shall be null and void if the Petitioner fails to fully comply with this Section 5 within ninety(90) days following passage of this ordinance. In no event will this ordinance become effective before fifteen (15) days after the signing hereof. Section 6: Recording. Upon passage of at least fifteen (15) days after the signing of this ordinance and receipt of the compensation set forth in Section 5, this ordinance shall become effective and shall be recorded, with the attached covenants, within the Snohomish County Auditor's Office. Section 7: Corrections. Page 3 df 4