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Section 2: That this ordinance shall not become effective unless otherwise <br /> amended until the following conditions have been met in their <br /> entirety. Failure to meet all of the following conditions shall <br /> render this ordinance null and void: <br /> A: The owners of the property abutting upon the right-of-way herein <br /> described shall compensate the City of Everett in an amount equal <br /> to one-half (1/2) the current appraised value of the area herein <br /> described in Section 1. The owners shall have ninety (90) days <br /> following passage of this ordinance within which to make payment <br /> to the City in full; <br /> B: All monies from the sale of the above described right-of-way <br /> vacation shall be deposited in the "Real Property Acquisition <br /> Fund" (Fund 145). <br /> C: Upon the payment of the required compensation and acceptance of <br /> each and every condition herein, this ordinance shall be recorded <br /> with the Snohomish County Auditor. <br /> CITY OF EVERETT <br /> WILLIAM E. MOORE, Mayor <br /> ATTEST: <br /> 4e,€)c7k,-/Y7 <br /> CITY CLERK <br /> Passed: <br /> Valid: <br /> Published: <br /> 4621H <br /> - 5 - <br />