HomeMy WebLinkAbout19-075 Authorizing and Directing the City Manager to Execute a Purchase and Sale Agreement and Other Purchase Documents with Robert and Kathleen Francis for the 9.42 Acres of Land Near City Lake Resolution 19-075
RESOLUTION NO. 19-075
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PORT TOWNSEND,
WASHINGTON, AUTHORIZING AND DIRECTING THE CITY MANAGER TO
EXECUTE A PURCHASE AND SALE AGREEMENT AND OTHER PURCHASE
DOCUMENTS WITH ROBERT AND KATHLEEN FRANCIS FOR THE 9.42 ACRES
OF LAND NEAR CITY LAKE
WHEREAS, protection of the City's watershed and adjacent land is an authorized use of
City of Port Townsend water utility funds; and
WHEREAS, Kathleen and Robert Francis own 9.42 acres of land adjacent to City Lake
and have offered to sell the property to the City for $220,000 plus interest with $100,000 down
and six additional annual payments of$20,000 plus five percent interest; and
WHEREAS, the property does not drain to the City watershed, but does provide
protection to City Lake;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Port
Townsend:
The City Manager of the City of Port Townsend is hereby authorized and directed to
execute a purchase and sale agreement all other necessary documents for the purchase of
9.42 acres in an amount not to exceed $220,000 plus interest.
ADOPTED by the City Council of the City of Port Townsend at a regular meeting
thereof, held this 16th day of September 2019.
e orale Stan ii
Mayor
Attest: Approved as to form:
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Joanna Sanders MMC I-eiclI �°
City Clerk City Attorney