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t , <br /> • <br /> 1 <br /> 2 <br /> 3 Section 3: <br /> 4 That this ordinance shall not become effective until the owners <br /> 5 of the property abutting upon the street herein described shall <br /> compensate the City of Everett in an amount equal to one-half <br /> 6 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 /> 7 otherwise extended by City Council, the ordinance shall be null <br /> and void. <br /> 8 <br /> Section 4: <br /> 9 <br /> That all monies derived from the sale of the above described right- <br /> 10 of-way vacation, shall be deposited in the "Real Property Acquistion <br /> Fund." <br /> 11 <br /> 12 <br /> CITY OF EVERETT <br /> 13 <br /> 14 ;'::]? <br /> (2, 1G„b <br /> 16 ATTEST: r <br /> • <br /> 17 , ,? <br /> 18 City Clerk <br /> 19 Passed: ( )— J <br /> 20 Valid: / ,v <br /> 21 Published:Published: <br /> 22 <br /> 23 <br /> 24 <br /> 25 <br /> 26 <br /> 27 <br /> 28 <br /> 29 <br /> 30 <br /> 31 <br /> 32 <br />