Ordinance 1299-86 - Laserfiche WebLink

• • ORDINANCE NO. 1,?;?y -. AN ORDINANCE amending ORDINANCE NO. 1284-86 providing for the vacation of 43d Street from the alley east of Colby to east of Wetmore WHEREAS, the City Council of the City of Everett, did by Ordinance No. 1284-86, passed August 27th, 1986 vacate 43rd Street from the alley east of Colby Avenue to east of Wetmore Avenue; and WHEREAS, a condition of said vacation was that the City of Everett be compensated one half the appraised value ; and WHEREAS, City of Everett Resolution No. 1724 allows for property to be exchanged in lieu of compensation; and WHEREAS, it is in the interest of the City of Everett and General Telephone Company of the Northwest to exchange property; NOW, THEREFORE, THE CITY OF EVERETT DOES ORDAIN: That Section 3 which reads: "Section 3: 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 one-half the current appraised value of the reversionary interest of the area herein described. 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." Is amended to read: Section 3: That this ordinance shall not become effective until the owners of the property abutting upon the street herein described have conveyed to the City of Everett by Statutory Warranty Deed for street and utility purposes the following: