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MfriPtre, <br /> RESOLUTION NO. 6948 <br /> A RESOLUTION declaring the sale and transfer of City owned property in the <br /> 1800 block of Chestnut to be in the best interest of the City and authorizing its sale <br /> and conveyance. <br /> WHEREAS, review of that certain City owned real property as described in Exhibit A, <br /> attached hereto and incorporated herein by reference, has been completed by all City <br /> Departments and has received approval of the Mayor; and <br /> WHEREAS, the City of Everett did hold a public hearing on February 10 , 2016, <br /> regarding the proposed sale and conveyance of the City owned property; and <br /> WHEREAS, the Everett City Council finds and determines that the real property <br /> described in Exhibit A, which is generally located in the 1800 block of Chestnut Street, is <br /> not needed for City purposes other than for possible underground utility purposes, <br /> however is too narrow for such purposes; and <br /> WHEREAS, Haack Brothers Inc. owns the abutting property, which is described in <br /> Exhibit B, attached hereto and incorporated herein, and proposes to grant to the City an <br /> easement for underground utility purposes across said Haack Brothers Inc. property in <br /> exchange for the fee simple ownership interest of the owned City property described in <br /> Exhibit A; and <br /> WHEREAS, city staff has conducted an evaluation of the transfer of the fee ownership <br /> interest (subject to reservation of a utilities easement) of the five foot wide city owned <br /> property described in Exhibit A, in exchange for a five foot wide easement for utility <br /> purposes across the Haack Brothers Inc. property described in Exhibit B, and determined <br /> each to be of equal value and an even exchange; and <br /> WHEREAS, the Everett City Council finds that the City is acting in compliance with the <br /> City Charter and the requirements of Ordinance No. 2935-06 establishing the process for <br /> the sale and transfer of City owned real property; <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE <br /> CITY OF EVERETT as follows: <br /> Section 1: The sale and conveyance of the fee simple interest in the City owned real <br /> property described in Exhibit A, in exchange for an easement for utility purposes across <br /> the real property owned by Haack Brothers Inc. described in Exhibit B, to be in the best <br /> interest of the City and of equal value. <br />