Loading...
HomeMy WebLinkAboutRES 2083!F7---i • • CITY OF RENTON, WASHINGTON RESOLUTION NO . 2083 WHEREAS the City of Renton, Washington, by and through its Utility Department, is the owner of certain unimproved property as more particu]a'ly described on the attached Exhibits "A" and "B" , generally known as Tax Lot 144, and WHEREAS said property is no longer required for any municipal purposes and has been declared surplus heretofore by action of the City Council, pursuant to. Resolution No. • 2049 , and WHEREAS the City has been negotiating with MC GRATH HOMES for the exchange of .id properties for Lots 262 and 263, Glencoe Division No. 2 , presently owned by McGrath Homes , and WHEREAS it has been determined that such an exchange would be beneficial to both parties, and WHEREAS thevaluation of both of said properties being substantially equal in value, having given due consideration for certain preliminary work heretofore done by McGrath Homes on said Lots 262 and 263, Glencoe Division No. 2, and WHEREAS said property to be acquired from McGrath Homes would be suitable for a mini park--related recreational purposes NOW THEREFORE BE IT RESOLVED BY THE CITY. COUNCIL OF THE CITY OF RENTON, WASHINGTON AS FOLLOWS : SECTION I : The above recitals and findings are hereby found to be true and correct in all respects . SECTION II : It is hereby determined and established that the valuation of the City's properties as defined on Exhibits "A" and "B" attached hereto is substantially equal to the valuation of Lots 262 and 263 , Glencoe Division No. 2 as presently owned by McGrath Homes and tht it would be in the best interest of the parties hereto to provide for an even exchange of said properties . -1- • SECTION III : The City. of Renton, acting through its. Public Works Department, is herby authorized and directed to "short Plat" the City-owned property, known as Parcels "A" and "B" and totake all necessary steps to accomplish such platting pr±r to the exchange of said properties with. McGrath Homes. Lots 262 and 263 are more completely described as follows : Lots #262 and #263, plat of Glencoe Division No . 2 , as recorded within Volume 90 of Plats, pages 50 and 51, records of King County, Washington As situated within the W 1/2 of Section 3 , Twp. 23 N. , Range 5 E, W.M. A. Each of the parties hereby agrees to furnish a policy of title insurance in the sum of $8 , 800 . 00 untothe other and title to each of said parcels shall be free and clear of all encumbrances except easements, restrictions and reservations of record. B . Conveyance shall bemade unto each of the parties by statutory warranty deed, a sample copy, labeled Exhibit "C" being attached hereto and made a part hereof as if fully set forth. C. Each partyshall be responsible for any costs , including premium for title insurance, relative to theconveyance unto the other party. SECTION IV: The Mayor and City Clerk are further authorized and directed to execute any and all documents, including conveyances , in order to effectuate the terms of this Resolution. -2- • PASSED BY THE City Council this 17th day ,of January, 1977 . Delores A. Mead, Cit Clerk APPROVED BY THE MAYOR this 17th day of January, 1977 . )',,� qãrL . Charle J. Delaurenti, Mayor Approved as to form: Geg52-1431' rd M. Shellan, City Attorney • • • TAX. LOT 144 PARCEL "A" ; F All that portion of the West 150.50 feet of the East 180.50 feet of the f. N 1/2 of the N 1/2, of the N 1/2 of the SW 1/4 of the NW 1/4 of Section 3, Twp. 23 N. , Rng. 5 E. , W.M. , more particularly described as follows: Beginning at the SE corner of Lot 401, Glencoe Div. No. 3 as recorded in Vol. 92 of Plats, page 11, records of King County, Washington; Thence N 1°40'08" E along the Ely line of Lot 401, .a distance of 123.20 feet, to the NE corner of said Lot; Thence S 87°57'22" E along the North line of the N 1/2 of the N 1/2 of the N 1/2 of the SW 1/4 of the NW 1/4 of said Section 3, a distance of 72.00 feet; Thence S 1°40'08" W parallel to the East line of said lot 401 a distance of 123.29 feet to a point 30 feet North of the centerline of-NE 24th Street; 4 Thence N 87°53'26" W along a line 30 feet North ofand parallel with the centerline of N.E. 24th Street a distance of 72.00 feet, to the SE corner of Lot. 401, said plat of Glencoe Div. No. 3 and the point of beginning. • • • as • • r/ , , ' , ti - . LOT .1.44 PARCEL "Bk .. . • All that portion of the West 150.50 feet of the East 180.50 feet of the N 1/2 - of the -N 1/2, of the N 1/2 of the SW 1/4 of the NW 1/4 of Section 3, Twp. 23 ' N. , Rng. 5 E. , W.M. , more particularly described as follows: I- :. Beginning at the SE corner of Lot 401, Glencoe Div. No. . 3 as recorded in Vol. 92 of Plats, page 11, records of King County, Washington; .. • Thence N 1°40'08" E along the Ely line of Lot 401 a distance of 123.20 feet, to the NE corner of said lot; - , Thence S 87°57'22" E along the North line of the N -1/2 of the N 1/2 of the N 1/2Fof the.SW 1/4 of the NW 1/4 of said Section: 3, a distance of 72.00 feet to the true point of .beginning; . - ` : . 'Thence S 1°•40'08" W parallel to the East line of said Lot-401 a distance of ')' 123.-29 feet to a' point 30 feet north of the centerline of N.E.' 24th Street; r . .Thence S, .87°53'26" E along a line, 30, feet north of and parallel with the centerlineof N.E.-.24th Street, a distance 'of 58.35 feet: to the beginning. 4 of a tangent curve-to the left; $. Thence along said curve to the left, having a'radius of 20 feet, through a e( central angle of;.90°26'26", an arc distance of 31.57 feet to a line tangent; H` rf Thence N 1°40'08". E along said tangent line, which line is also 30 feet Wly -,Of parallel with the centerline of.Anacortes Ave. N.E. , a distance: of �" .: 103,22', to.:..the.North line of the N 1/2 of ,the. N1/2 of the N 1/2 of-the i,- - :-' - ' '':.SW f the `'SW 1/4=of -the NW 1/4 of ,said Section 3p. - ' Thence N 87°57'22" W along' the North line of said subdivision, a distance t'. of 78.50 feet, to the true point of beginning. s • t I.