HomeMy WebLinkAboutR-1224A - Authorizing the sale of certain real property owned by the city in the downtown business districtCIT Y 0 F MAR Y S V ILL E
Marysville,Washington
RESOLUTION NO.fl.2.i-8
A RESOLUTION OF THE CITY OF MARYSVILLE
AUTHORIZING THE SALE OF CERTAIN REAL PROPERTY
OWNED BY THE CITY IN THE DOWNTOWN BUSINESS
DISTRICT.
WHEREAS,Lawrence S.McLean and Kenneth W.stanger are
proposing to privately purchase six square blocks in the downtown
business district of the City of Marysville,including the public
right-of-way therein,and to redevelop the same as a shopping
center;and
WHEREAS,the City of Marysville owns real property in said
area,including a fire station,Street Department building,
utility office,shop,single family residence,and eight vacant
parcels,the same being more fully described in the exhibits
attached hereto;and
WHEREAS,the City had already projected the need,regardless
of this redevelopment proposal,to replace the public facilities
situated on said real estate,and finds that said facilities and
real estate are surplus and of no further public use or
necessity;and
WHEREAS,the City has received an appraisal of the real
estate from Macauley &Associates,Ltd.dated June 18,1986,a
copy of which is attached hereto,which finds that the fair
market value of the real estate is Eight Hundred Thousand Dollars
($800,000);and
WHEREAS,the City finds that the redevelopment of the
downtown business district would increase trade and commerce,
employment,property tax revenue,sales tax revenue,and would
stimulate a much-needed revitalization of this portion of the
City;NOW,THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
MARYSVILLE,WASHINGTON AS FOLLOWS:
Section 1.The City hereby declares all real property
described in the appraisal report attached hereto to be surplus
and of no further public use or necessity.
Resolution - 1
•
Section 2.The City hereby authorizes the Mayor to sign an
option granting Lawrence S.McLean and Kenneth Stanger the right
to purchase said property from the City at a price of Eight
Hundred Thousand Dollars ($800,000).Said option shall expire at
12:00 midnight on December 23,1986.
~PASSED BY ~E CITY COUNCIL AND APPROVED BY THE MAYOR this
%day of@tHlSr ,1986.
~
THE CITY OF MARYSVILLE
APPROVED AS TO FORM:
Resolution - 2
~
MAYOR
ATTEST:
BY~a4:').j;CITY CLERK