HomeMy WebLinkAbout19-76
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RESOLUTION NO. /1- 1(,
A RESOLUTION of the Council for the City of Port
Angeles authorizing the purchase of real and
personal property located on the waterfront in
the City of Port Angeles from Angeles Terminals,
Inc.
WHEREAS, Angeles Terminals, Inc. has offered to sell to
the City the following described property:
Leasehold interest in the following described real
property:
PARCEL 1. All of the harbor area in front of
Block 2 l/2 east of Laurel Street, Supplemental
Map of Port Angeles Tidelands, bounded by the
inner and outer harbor lines, and the east line
of Lincoln Street and the west line of Chase
Street, as shown on the Official Map of said
Tidelands on file in the Office of the Commissioner
of Public Lands at Olympia, Washington.
PARCEL 2. Block 2 l/2 Port Angeles Tidelands
east of Laurel Street according to the Official
Plat of survey of said Tidelands recorded in the
office of the Commissioner of Public Lands at
Olympia, Washington, containing .8 of an acre
more or less.
TOGETHER with all improvements located on said
parcels, including, but not lirnited to, approxi-
mately 1 1/2 acres of paved fill area, 300 feet
of pier with ramp machinery and a 2,000 square
foot office building.
for the sum of Two Hundred Thirty-five Thousand Dollars ($235,000. 0),
payable as follows: Five Thousand Dollars ($5,000.00) downpayment
$63,000.00 on January 5, 1977; and the balance of $l67,000.00 in
five equal annual installments of $33,400.00 beginning with
January 5, 1978 and being payable on or before the 8th day of
January of each year thereafter until the balance is paid in full.
Interest shall accrue on the unpaid balances due at the rate of
eight and one-half percent (8 1/2%) per annum computed from the
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date of the contract. The accrued interest shall be paid in
addition to each payment provided for above, including the payment
due on January 5, 1977; and
WHEREAS, it is in the best interest of the City of Port
Angeles to purchase said property to be developed as a municipal
pier or for some other municipal purpose; and
WHEREAS, the City Council deems said proposal to be fair as
to price and terms providing the necessary approvals can be
obtained for the assignment of the leasehold interests from
Angeles Terminals, Inc. to the City and provided adequate
assurances can be obtained from the owners of said property that
the present leases can either be extended for a substantial period
of time or new leases obtained for the real property involved in
this transaction; and
WHEREAS, a proposed contract covering this purchase has bee
submitted to the Council covering this transaction that has been
approved as to form by the City Attorney, a copy of which is
attached to this resolution and made a part thereof by reference~
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Port Angeles as follows:
1. The Mayor of the City of Port Angeles is hereby
authorized and directed to execute on behalf of the City the
contract with Angeles Terminals, Inc. referred to above providing
the conditions as to the leases referred to above' are met.
2. Upon the execution of said contract by the mayor, the
City Treasurer of the City of Port Angeles is directed to pay the
downpayment on said contract in the sum of Five Thousand Dollars
$5,000.00 to Angeles Terminals, Inc.
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PASSED by the City Council of the City of Port Angeles
and approved by its Mayor at a regular meeting of the Council
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held on the 2lst day of September, 1976.
~-=:r/ ~
MAYOR
ATTEST:
~~ e.l?k~
City Clerk
APPROVED AS TO FORM:
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City J!i t n
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