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• <br /> I • B. Lease <br /> Surplus action may be initiated by the City of Everett, other municipal <br /> corporations, governmental agencies, private corporations, private <br /> businesses, or individuals. <br /> If action is initiated by other than the City of Everett, a cash deposit <br /> in an amount so determined by the Real Property Manager shall be posted <br /> to cover all City costs of surplus property action. If the property, as a <br /> result of this action, is declared surplus, and there is an acceptable lease <br /> proposal, the applicant may request recovery of the deposit. EXCEPT <br /> the City shall retain 50% of the actual cost of the surplus property trans- <br /> action, including but not limited to appraisal, title insurance, recording <br /> costs, real estate conversions and escrow fees. EXCEPT, if there are <br /> no successful lease proposals, the entire cash deposit shall be retained <br /> by the City of Everett. <br /> Section 3: Circulation of Surplus Request <br /> Upon the initiation of surplusing City-owned property, the Real Property Manager <br /> will notify all City departments and/or governmental agencies to determine their <br /> interests or concerns about the surplusing of City property. <br /> Section 4: Declaration of Surylus Property <br /> The City Council shall make its declaration of whether the property is or is <br /> not surplus to the City of Everett, after receiving a report from the Real Estate Dis- <br /> position Committee which will include the following information: <br /> a. A description of the parcel(s) size, and its general location. <br /> b. A description of the circumstances under which the parcel was obtained <br /> and to which fund the proceeds from its sale would be credited. <br /> c. A description of what municipal use such property has been put to in the <br /> past, if any, and what use, if any, it might be held for. <br /> d. A statement as to whether the parcel is only usable by abutting owners <br /> or of general marketability. <br /> e. Responses for other City departments, and/or governmental agencies. <br /> f. An estimate of its current market value and a recommendation as to <br /> whether any special covenants or restrictions should be imposed in <br /> conjunction with its sale. <br /> -2- <br />