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HomeMy WebLinkAbout20-76 RESOLUTION NO. .?!~-7~ . A RESOLUTION of the City Council of the City of Port Angeles authorizing the purchase of real and personal property located on the waterfront in the City of Port Angeles from General Con- struction Company. WHEREAS, General Construction Company, a Washington corpora tion, has offered to sell to the City the following described property: Leasehold interest in the following described real property: The harbor area lying in front of Lots 9 and 10, Block l, West of Laurel Street, Port Angeles Tidelands and bounded by the inner and o~ter harbor lines, the southeasterly line of Oak Street and the southeasterly line of said Lot 9, Block l, produced across the harbor area to the outer harbor line; also That portion of the harbor area in front of Lots 1 and 2, Block 2, west of Laurel Street, Port Angeles Tidelands, lying between the outer harbor line and a line running North 660 41' West from a point on the northwesterly line of Oak Street, said point also being a point on the inner harbor line which is North 310 15' East 210.90 feet from the most easterly corner of said Lot 1 and between the northwesterly line of said Oak Street and the northwesterly line of Lot 2, Block 2, produced across the harbor area to the outer harbor line. The above described harbor area is as shown on the Official Maps of said tidelands on file in the Office of the Commissioner of Public Lands at Olympia, Washington. I TOGETHER with all improvements located on the above described real property, including, but not limited to, the dock and buildings. " for the sum of One Hundred Fifty-five Thousand Dollars ($l55,OOO.0 payable as follows: Ten Thousand Dollars ($10,000.00) downpayment and the balance of $145,000.00 on the lOth day of January, 1977. Interest shall accrued on the unpaid balance due at the rate of nine percent (9%) per annum computed from the date of the contract and e WHEREAS, it is in the best interest of the City of Port Angeles to purchase said property to be developed for municipal purposes; 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 interest from General Construction Company to the City and provided adequate assurance can be obtained from the owner of said property that the present lease can either be extended for a substantial period of time or a new lease obtained for the real property involved in this transaction; and WHEREAS, a proposed contract covering this purchase has been 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 referencej NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Port Angeles as follows: l. The Mayor of the City of Port Angeles is hereby authorized and directed to execute on behalf of the City the contract with General Construction Company referred to above providing the conditions as to the lease referred to above are met. I 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 $10,000.00 to General Construction Company. PASSED by the City Council of the City of Port Angeles and approved by its Mayor at a regular meeting of the Council e held on the 21st day of September, 1976. .-'~ ~..........-...-;.,...I'" ~/'. ~.."':~"'! -'.~...~ -::-.. ~: ........~ - --:-' ..- - . ~-..... ....- ......~ -.., - -. ..... :- -<:""....00,:' -- ~ _ _... __~ : .... A1'~ST : _ :; ;:-.. /"'-.. .. _..-~... /" ~,"'..... r .... ~:.............;-.. ...,.._.......... ~~""'iIl ~~L-~d)~ MAYOR ~ //J~ . e/ (;"". tf~ C~ty Clerk APPROVED AS TO FORM: ctt~ &1. <~ .