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i <br /> • t <br /> Section 3: <br /> That this ordinance shall not become effective until the owners <br /> of the property abutting upon the street herein described shall <br /> compensate the City of Everett in an amount equal to one-half <br /> the current appraised value of the area herein described: <br /> Provide, however, should the abutting property owners fail to <br /> exercise this vacation within 90 days following passage, unless <br /> otherwise extended by City Council, the ordinance shall be null <br /> and void. <br /> Section 4: <br /> That the City of Everett retain an easement to construct, operate, <br /> maintain, repair and replace all public utilities under, over and across <br /> the above described vacated street. <br /> Section 5: <br /> That all monies derived from the sale of the above described <br /> right-of-way vacation, shall be deposited in the "Real Property <br /> Acquisition Fund." <br /> Section 6: <br /> Ordinance #673-80 is hereby repealed. <br /> CITY OF EVERETT <br /> 272_44, <br /> Mayor <br /> ATTEST: <br /> • <br /> .61 <br /> City Clerk <br /> Passed: �f �' _:� d 0 <br /> Valid: zf - /--dt.) <br /> Published: //- , ` •a,,.^ ` `t) <br />