HomeMy WebLinkAbout96-107Whe=e&e,
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A RESOLUTION AUTHORIZING THE PURCHASE FROM JEFFERSON
COUNTY OF CERTAIN PROPERTY WITHIN THE PORT TOWNSEND
ORIGINAL TOWNSITE AND AUTHORIZING THE CITY TREASURER TO
ISSUE WARRANTS FOR THE PURCHASE OF SUCH PROPERTY
Jefferson County in 1993 identified a number of county-
owned properties as surplus and proposed that they be
sold at public auction; and
Several such properties are within the city limits and,
by agreement of the City and county, certain of those
properties have been conveyed to the City for no monetary
consideration, subject to certain terms and conditions;
and
Two tax parcels owned by the county are within the City's
downtown commercial district, adjacent to other land
owned by the City; and
the county wished to be compensated for this property in
the amount of the minimum bid that would have been
accepted at public auction; and
The City, as a designated Urban Growth Area under the
Growth Management Act (GM_A), is anticipating that future
development inevitably will increase stormwater runoff
within the City's downtown commercial district; and
There continues to be a need for additional parking to
serve downtown businesses; and
The City Council finds that it is in the best interest of
the City to purchase from the county those portions of
Lots 6 and 8 in Block 40 of the Port Townsend Original
Townsite that adjoin the portions of said lots now owned
by the City; and
The county has agreed to sell said property to the City
for $42,500, which is less than the assessed value; and
Funds are available for this property purchase in
the City's Capital Improvement Reserves,
N O W T H E R E F O R E
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PORT TOWNSEND
that it authorizes the purchase from the county of the above-
described property for the price of $42,500, with a 25% downpayment
and the balance by way of a promissory note bearing no interest
payable in equal annual installments over three years, secured by
a deed of trust, both of which the Mayor is hereby authorized to
sign; and
BE IT FURTHER RESOLVED that the City Treasurer is authorized to
issue the warrants necessary to complete the purchase of the land
in accordance with the foregoing.
Adopted by the City Council of the City of Port Townsend and signed
by the Mayor this 5th day of August, 1996.
Mayo~?Julie McCulloch
ATTEST:
Pamela Kolacy, City Clerk
~M~hah, City Attorney
Port Townsend City Council
Resolution 96- /~