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I <br /> Section 2: That the City of Everett shall not be responsible nor <br /> liable for storm drainage runoff resulting from existing drainage patterns as <br /> established on City rights-of-way that may currently, or in the future, go <br /> over, under or across the above described in Section 1 herein. <br /> Section 3: That this ordinance shall not become effective until <br /> the owners of the property abutting upon the street herein described have <br /> compensated the City of Everett in an amount equal to one-half the current <br /> appraised value of the area herein described. The abutting property owners <br /> shall have ninety (90) days following passage of this ordinance to exercise <br /> this vacation. Unless otherwise amended by City Council, this ordinance shall <br /> be null and void if the abutting property owner(s) fail to exercise this <br /> vacation within ninety (90) days following passage of this ordinance. <br /> Section 4: That all monies from the sale of the above described <br /> right-of-way vacation shall be deposited in the "Real Property Acquisition <br /> Fund" (FUND 145) . <br /> Section 5: Upon the payment of the required compensation and <br /> fulfillment of each and every condition recited herein, this ordinance shall <br /> be recorded with the Snohomish County Auditor. <br /> WILLIAM E. MOORE, Mayor <br /> ATTEST: <br /> Ztf- c.,,, , <br /> City Clerk <br /> Passed: _l 7 -4r <br /> Valid: S---7.2- j= ,F <br /> Published: -ci> Sl J27 <br /> 4826H <br /> - 2 - <br />