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• <br /> NOW, THEREFORE, THE CITY OF EVERETT DOES ORDAIN: <br /> Section l: That reversionary interest retained within <br /> Ordinance 960 vacating the following described right-of-way: <br /> The alley in Block 349, Plat of Everett Division "N" <br /> according to the plat thereof recorded in Volume S of Plats, <br /> page 7 records of Snohomish County, Washington <br /> be and the same is hereby vacated pursuant to the conditions set forth in <br /> this ordinance. <br /> Section 2: That the City of Everett shall not be responsible <br /> nor liable for storm drainage runoff resulting from existing drainage <br /> patterns as established on City rights-of-way that may currently, or in the <br /> future, go over, under or across the above described street vacation. <br /> Section 3: That this ordinance shall not become effective <br /> until the owners of the property abutting upon the street herein described <br /> have compensated the City of Everett in an amount equal to one-half the <br /> current appraised value of the reversionary interest of the area herein <br /> described. The abutting property owners shall have ninety (90) days <br /> following passage of this ordinance to exercise this vacation. Unless <br /> otherwise amended by City Council, this ordinance shall be null and void if <br /> the abutting property owner(s) fail to exercise this vacation within ninety <br /> (90) days following passage of this ordinance. <br />