HomeMy WebLinkAbout92-082RESO .UT O MO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PORT
TOWNSEND AUTHORIZING THE MAYOR TO EXECUTE A REAL ESTATE
PURCHASE AND SALE AGREEMENT WITH VANTAGE HOMES, INC.
FOR THE PURCHASE OF TAX PARCEL 001-09-1001 AND
AUTHORIZING THE CITY CLERK/TREASURER TO ISSUE WARRANTS
FROM THE WATER FUND FOR AN EARNEST MONEY DEPOSIT OF TEN
THOUSAND DOLLARS AND FOR PAYMENT OF THE REMAINING
PURCHASE PRICE AT CLOSING.
WHEREAS, the City Council for the City of Port Townsend has
previously budgeted funds in the water fund for the purpose of
acquiring certain real property needed for future City facilities,
and
WHEREAS, the Director of Public Works has
suitable property for the facilities and has
acceptable purchase price for the property, and
identified a
negotiated an
WHEREAS, it is necessary to enter into an Agreement to
accomplish the purchase of the property, now, therefore,
BE IT RESOLVED by the City Council for the City of Port
Townsend that the Mayor is authorized to execute a Purchase and
Sale Agreement to purchase Tax Parcel 001-09-1001 for future water
facilities for the purchase price of One Hundred Fifty-Two Thousand
Dollars ($152,000.00) for the property using funds from the Water
Fund and the City Clerk is also authorized to issue warrants in the
amount of Ten Thousand Dollars from the same fund as an earnest
money deposit and for the remainder of the purchase price at
closing.
PASSED by the City Council for the~ of Port Townsend and
signed by the Mayor this ~ day of ~1~ ~ F~992.
AttesW .
City Clerk, David Grove
p
6r, John Clise
ApprOved as to form:
City Attorney, Dennis McLerran