HomeMy WebLinkAboutRES 2226 4
• M
CITY OF RENTON , WASHINGTON
RESOLUTION NO. 2226
WHEREAS the City of Renton , a municipal corporation ,
acting as a noncharter code city under the laws and statutes of the
State of Washington has been negotiating for the acquisition of
certain properties as herein more particularly described for the
purpose of establishing and maintaining wetland areas and trail
systems within the City of Renton, and
1 WHEREAS proper funds therefore have been provided and
appropriated, and
WHEREAS the City has heretofore caused an appraisal of
said property to be made by a qualified appraiser , and
WHEREAS a review appraiser has prepared a written
report reviewing and modifying the original appraisal establishing
.the fair market value in the sum of .$ 770 . 00, and
WHEREAS the owner of said property shall be provided
with all of the pertinent information regarding said acqusition
and the determination of the fair market value thereof , NOW THEREFORE
THE CITY COUNCIL OF THE CITY OF RENTON , WASHINGTON ,
DO RESOLVE 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
fair the fair market value of the following described property as
per its appraisal and review appraisal is the sum of $770 . 00
and said parcel of property is more particularly described on
the attached Exhibit "A" , which is incorporated by reference
herein as if fully set forth.
SECTION III : The Mayor and City Clerk are hereby .
authorized and directed to take all necessary steps including
i
t et
a
the execution of all proper documents to secure the acquisition
of said parcel of real estate for the establishing and maintaining
wetland areas and trail systems within the City of Renton. The
Mayor, or his duly authorized representative , shall further take
all necessary action to secure any additional funding, over and above
the amount presently appropriated in City of Renton 1978 Budget
Account Nos . 000/000/07 . 538 . 36 . 61 . 00, 000/000/07 . 538 . 37 . 61 . 00, .
000/000/07 . 538 . 42 . 61 . 00 and 000/000/07 . 538 . 42 . 61 . 04 as provided by-
law.
ylaw.
Any .such. conveyance by the owner of said landshall
be by statutory warranty deed, free and clear of all encumbrances
except those of record as set forth -in Transamerica Title Insurance
Company' s Report No . 427307 dated April 13 , 1978 , further
reference being made thereto and same being incorporated by reference
• as if fully set forth .
PASSED BY THE CITY COUNCIL this 27th day of November
1978 .
e •
-Maxine Niitor i 'D'el City=Clerk
APPROVED BY THE MAYOR this 27th ' day of November
1978 .
• Charle J . Delaurenti., Mayor
App ved as to form:
.
Lawrence J. Warren , City Attorney
..: Y
x
3'
t
t
APPRAISAL REPORT
RECORD OWNER: Puget Sound Power & Light Company
4
1
f PROJECT: Cedar River TraiFSystem
Parcel No. 3-A
{
LOCATION OF SUBJECT PROPERTY:
• This is a parcel which was added by the Title Company and was not included
in the original appraisal assignment. This is a small triangle of operating
} right-of-way and is off the southeast corner of Parcel No. 3.
I
i LEGAL DESCRIPTION:
That portion of Gov't. Lot 5 of Section 16, Township 23 N, Range 5 E, W.M.
Xil. lying SEIy of the NWly line of the City of Seattle Transmission Line Easement,
EXCEPT portion Ely of Cedar River.
I
PURPOSE OF THE APPRAISAL:
The purpose of the appraisal is to estimate the Fair Cash Market Value of
subject property. Fair Cash Market Value being defined as "the highest
t price in cash a willing purchaser will pay to a willing seller, neither
tbeing unc'er the necessity to buy or sell and both being fully informed as
to all the uses to which the property may be put. "
I
t •
DATE OF THE APPRAISAL: May 22, 1978
GENERAL DESCRIPTION OF THE PROPERTY:
I
j Land
gY
F
iii It is a triangular shaped tract of land with 150 ft. of high-bank river front-
age. There is 165 ft. along the northwesterly line and 240 ft. along the
southerly line, for a total area of approximately 0.28 acres.
t
i
1 }1 [ 8 [ [ C1fl0 COfp y