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Res 06-472 RESOLUTION NO.,-cxa':-11'~~~ A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF FEDERAL WAY, WASHINGTON, DECLARING OPEN SPACE/REAL PROPERTY PARCEL No. 0821049273, LOCATED IN THE VICINITY OF 31455 FOURTH A VENUE SOUTH AS SURPLUS AND AUTHORIZING ITS DISPOSAL. WHEREAS, the City of Federal Way owns parcel number 0821049273, located in the vicinity of31455 Fourth Avenue South; and WHEREAS, the City Council has determined that the parcel is no longer necessary for public use and does not serve the best interests of the citizens; and WHEREAS, the property is surplus to the needs of the City of Federal Way; and WHEREAS, City Council Resolution No. 93-156, Section 4 specifies that the fair market value will be determined by an appraisal; and WHEREAS, the estimated cost of an appraisal would significantly reduce the net proceeds to the City; and WHEREAS, the City Council finds that it is in the best interest of the public to use an alternative method to determine the fair market value for parcel number 0821049273; NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF FEDERAL WAY HEREBY RESOLVES AS FOLLOWS: Section 1. Property Declared Surplus. The property described above is declared surplus to the needs of the City of Federal Way. Res. flat""", JU>age 1 Section 2. Valuation Method. The relevant portion of Section 4 of Resolution No. 93-156 is waived for said parcel authorizing an alternative method other than a real estate appraisal ( for determining the fair market value. Section 3. Disposition of Surplus Property. Staff, under direction of the City Manager's designee, is instructed to negotiate a sale of the property for the best available price or transfer to another governmental agency in accordance with RCW 39.33.010 subject to final approval by the City Council. Section 4. Severability. If any section, sentence, clause or phrase ofthis resolution should be held to be invalid or unconstitutional by a court of competent jurisdiction, such invalidity or unconstitutionality shall not affect the validity Qr constitutionality of any other section, sentence, clause or phrase of this resolution. Section 5. Ratification. Any act consistent with the authority and prior to the effective date of the resolution is hereby ratified and affirmed. Section 6. Effective Date. This resolution shall be effective immediately upon passage by the Federal Way City Council. RESOLVED BY THE CITY COUNCIL OF THE CITY OF FEDERAL WAY, WASHINGTON, this ~ \ day of _tvv1rllrl ' 2006. CITY OF FEDERAL WAY ~~~4 MAYOR, MIC A . Res. #~~age 2 -- - ATTEST: APPROVED AS TO FORM: ~~ CI - Y ATTORNEY, PATRICIA A. RICHARDSON FILED WITH THE CITY CLERK: '0 I ILl IO(i. PASSED BY THE CITY COUNqL: B~ 2-TIJO &2 RESOLUTION NO. ex 0:- 4L~ ~. ~ - . k:\reso\surplus parks parce 1 #0821049273 - Res.~CXt~1aPage3