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4 . , <br /> r <br /> Section 5: <br /> That this Ordinance shall not become effective until the owners <br /> of the property abutting upon the streets and alley herein described <br /> shall compensate the City of Everett in an amount equal to one-half <br /> the current appraised value of the difference in area of the <br /> vacated streets and alley, and the hereinabove described rights- <br /> of-way deeded to the City of Everett: Provided, however, should <br /> the abutting property owners fail to exercise this vacation within <br /> 120 days following passage, unless otherwise extended by City <br /> Council, the ordinance shall be null and void. <br /> Section 6: <br /> Upon payment of the required compensation and fulfillment of <br /> any other conditions recited herein, this Ordinance shall be <br /> recorded with the Snohomish County Auditor. <br /> CITY OF EVERETT <br /> yip— ,ege <br /> Mayor %' <br /> ATT T: <br /> f <br /> ...rpt .{ AG/ ' , <br /> ity Clerk <br /> Passed: / D -/ 7_-7 <br /> Valid: / Q - _3 -79 <br /> Published: ( 6 - --y-s- - ) <br />