Resolution 3747 - Laserfiche WebLink

111111. IFF RESOLUTION NO. j7.5/7 A RESOLUTION authorizing the sale of City Real Property generally located on Madrona Avenue WHEREAS, review of the property described in Exhibit "A" has been completed by all City Departments and Administration; and WHEREAS, the City Council finds and determines that the real property described in Exhibit "A" is not and will not be needed for City purposes; and WHEREAS, the City Council finds that the City has complied with the requirements of Section 15.8 of the City Charter and Resolution No. 1984; NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EVERETT as follows: 1) The real property described in Exhibit "A" is not and will not be needed for City purposes and is, therefore, declared to be surplus property. 2) City staff is hereby directed to resolve the issue of value diminishing encroachments by driveways benefiting adjacent property, either through removal of the encroachment or fair market value compensation for same. 3) The City of Everett will retain a utility easement and place a covenant on the deed to protect the existing Madrona tree on the property. 4) The real property described in Exhibit "A" shall be sold at a public sale by a competitive sealed bid process on the following conditions: a) The requirements of Resolution No. 1984 will be followed in the disposition of the real property described in Exhibit "A"; b)The real property described in Exhibit "A" shall be sold for cash at closing in the process detailed in Resolution 1984, except that the successful bidder shall be given ninety (90) days from the date bids are opened, to pay the full purchase price or deposit an additional 20% of the purchase price, as per Resolution 1984; c)The real property described in Exhibit "A" shall be sold to the highest responsive and responsible bidder, who is able to perform with cash at closing. Upon their request, the deposits of the second and third highest bidders may be held and their bids remain active through the time period allowed for the delivery of the full cash sales price by the highest bidder. Should the highest bidder not be able to perform within this time period, the next highest active bid shall become the highest bid and shall be given fifteen (15) days to deliver the full cash sales price; d)In the event two identical bids are received, the successful bid shall be deemed to be the one received first in time; e) The City Council reserves the right to reject any and all bids. It also reserves the right to waive any informalities in connection with said bid;