HomeMy WebLinkAboutRES 1343 11 r ,
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RESOLUTION NO. /3'7 3
WHEREAS it is necessary and in the public interest for the City to purchase,
as part of its comprehensive utility development plan, certain reservoir sites located
at the southeasterly corner of the intersection of Puget Drive and S. E. 116th Street.,
consisting of 12.77 acres, and within a portion of the southeast corner of the southwest
quarter of the northwest quarter of Section 29, Township 23 N. , R. 5 E. W.M. , consisting
of 5.72 acres, all as more particularly identified on the attached map, and
WHEREAS the City has heretofore appropriated sufficient funds for the acquisition
thereof, said funds being derived from the 1965 water and sewer revenue bond issue, and
WHEREAS the City has heretofore retained an appraiser to e stabl ishthe f a it market
value of said two sites and such appraisal having been duly completed, and the City
being ready and willing to purchase said sites from its owners, to.-witt Puget Properties,
Inc. , NOV THEREFORE
BE IT RESOLVED BY THE MAYOR AND THE CITY COUNCIL OF THE CITY OF RENTON AS FOLLOWS:
Section I: The above recitals and facts are hereby found to be true and correct
in all respects.
Section II: The Mayor, City Clerk and City Treasurer are hereby authorized and
directed to sign and execute any and all necessary instruments for the purchase of two
reservoir sites located as follows :
A. '.What certain site consis' ing of 12.77 acres located at the
southeasterly corner of the intersection of Puget Drive and
Southeast 116th St. , all located in Renton, King County,
r'ashington.
B. Within the southeast corner of the southwest quarter of the
northwest quarter of Section 29, Township 23 N. , Range 5 E.W.M. ,
consisting of 5.72 acres.
all as more particularly identified on the attached map, which is made a part hereof as
if fully set forth herein;
for the total purchase price of $68,550.00, same being the City's appraisal therefore ,
and such payment to be made to Puget Properties, Inc. , owners of the aforesaid sites,
upon delivery unto the City of a Statutory r'Jarranty Deed, free and clear of all
encumbrances, together with an appropriate policy of title insurance in favor of the
City of Renton in the aforespecified amount. Payment therefore shall be made from the
following described fund, to-wit:
1965 WATER AND SEWER CONSTRUCTION, 7150, Account 609, Capital Outlay
Section III: It is hereby found that the acquisition of sett] site is necessary
and required for the preservation of public health, sanitation, morals and for the
pnbi is benefit.
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PASSED BY TIE CITY COUNCIL this 6th, day of December, 1965.
Helmie Nelson, City Clerk
APPROVED BY THE MAYOR this 6th day o December., 1965,
Donald ..;: Custer, Mayor
APPROVED AS TO FORP.i:
Gerard M. Shellan, City Attorney
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