Ordinance 1735-90 - Laserfiche WebLink

All that portion lying Southwest of 100th Street Southwest in the following described parcel: Commencing at the Northwest Corner of the Northeast one-quarter (1/4) of the Northwest one-quarter (1/4) of the Northeast one-quarter (1/4) of Section 24, Township 28 North, Range 4 East, W.M. : thence North 89 degrees 57 minutes 22 seconds East along the North line of said subdivision for 170.00 feet; thence South 00 degrees 05 minutes 54 seconds East for 135.53 feet; thence South 89 degrees 57 minutes 22 seconds West for 170.00 feet; thence North 00 degrees 05 minutes 54 seconds West for 135.53 feet to the point of beginning. Section 4: That this ordinance shall not become effective until the owners of the property abutting upon the street herein described have compensated the City of Everett in an amount equal to the difference of one-half the current appraised value of the area herein described in Section 1 and one-half the current appraised value of the area herein above described in Section 3. The abutting property owners shall have ninety (90) days following passage of this ordinance to exercise this vacation. Unless otherwise amended by City Council, this ordinance shall be null and void if the abutting property owner(s) fail to exercise this vacation within ninety (90) days following passage of this ordinance. Section 5: This vacation (L.I.D. 724) is subject to an L.I.D. assessment for the improvement of 100th Street S.W. This assessment runs with the land and is assumed and agreed to be paid by the petitioner/proponent/owner. Section 6: That all monies derived from the sale of the above-described right-of-way vacation shall be deposited in the "Real Property Acquisition Fund. " Section 7: Upon payment of the required compensation and fulfillment of each and every condition recited herein, this ordinance shall be recorded with the Snohomish County Auditor. PETE KINCH, Mayor ATTEST: /111 " City Clerk Passed: 9/26/90 Valid: 9/g 7 (90 Published: /0/3/9° (26)