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HomeMy WebLinkAboutRES 07104 RESOLUTION NO- WHEREAS O. WHEREAS the City of Renton has negotiated with William F. Bennett and Lavina Bennett, his wife, for the purchase by said City of a tract of realestate owned by said Bennett and wife, situated between North Burnett Street and the Northern Pacific Right of way, lying northerly of Cedar River, and has agreed with said owners upon a purchase price of $8#500.00 for the same, and said owners have tendered a real a state con- tract duly executed by themselves whereunder the City will purchase said tract for said price, payable $500.00 down and $8000.00 to be paid on or before January 31, 1949; and WHEREAS it is to the best interest of the City to accept such of fer and purchase on s aid terms as set forth in said proposed real estate contract, the property being as particular- ly described therein by metes and bounds; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RENTONs le That the Mayor and Clerk of said City of Renton are hereby authorized to enter into and execute aforementioned real estate contract with William F. Bennett and Lavina Bennett, his wife, for the purchase of above mentioned tract upon the terms set out in said contract; a copy of which contract is annexed to and filed with this Resolution, reference being had thereto. 2. That there is hereby appropriated from available moneys in cumulative reserve fund No. II 5 the sum of Five Hundred ($500.00) Dollars to be disbursed as down payment upo# said purchase in accordance with the terms of said con- tract. Passed by the City Council this 19th day of _October 1948. City Clerk Approved by the Mayor this 19th day of October 1948. Mayor