HomeMy WebLinkAboutO-2321 - Amends Sec. 12.32.050, street vacation appraisal (12.32)CITY OF MARYSVILLE
Marysvi I le, Washington
ORDINANCE NO.a%
AN ORDINANCE OF THE CITY OF MARYSVILLE, WASHINGTON
AMENDING MMC 12.32.050 RELATING TO VACATION OF STREETS AND
ALLEYS AND THE METHODS OF APPRAISAL OF THE RIGHT OF WAY TO
BE VACATED.
BE IT ORDAINED BY THE CITY COUNCIL THE CITY OF
MARYSVILLE, WASHINGTON AS FOLLOWS:
Section 1. MMC 12.32.050 is hereby amended to read as
follows:
12.32.050 Appraisal.
"In all cases where the city council requires
compensation for the vacated right-of-way, an
appraisal of the right-of-way proposed for vacation
shall be made by one or more of the following
methods :
property shall be obtained from the records of the
Snohomish County assessor. The average of said
values, on a square foot basis, shall be applied to
the right-of-way which is proposed for vacation.
(2) The petitioner shall be required to
submit a report of a professional appraiser to the
city. stating the fair market value of the right-
of-way proposed for vacation.
(3) The city shall obtain a report from one
or more professional appraisers stating the fair
market value of the right-of-way proposed for
vacation. The cost of said report or reports shall
be paid by the petitioner prior to the time of the
public hearing. 'I
(1) The assessed value of comparable abutting
PASS D by the City Council and APPROVED by the Mayor
this sd day of May, 2000.
CITY OF MARYSVILLE "
BY
ORDINANCE - 1
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- ATTEST :
Approved as to form:
e Wd
GRANT K. WEED, City Attorney
Date of Publication:
Effective Date (5 days after publication):
ORDINANCE - 2
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