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Res 07-514 RESOLUTION NO. 07-514 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF FEDERAL WAY, WASHINGTON, DECLARING REAL PROPERTY PARCEL NO. 092104-9021-08, ALSO KNOWN AS 31600 20th AVENUE SOUTH AS SURPLUS AND AUTHORIZING ITS DISPOSAL AND SALE TO UNITED PROPERTIES, LLC WHEREAS, the City of Federal Way owns real property known as parcel number 092104- 9021-08, located at 31600 20th Avenue South (the "Property"); and WHEREAS, the City Council has determined that the Property is no longer necessary for public use and does not serve the best interests ofthe citizens; and WHEREAS, the Property is surplus to the needs ofthe 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 City Council finds that it is in the best interest ofthe public to transfer the Property to United Properties, LLC, for development as designated in the Request for Qualifications for Mixed-Use Redevelopment; and WHEREAS, in consideration ofthe sale, transfer, conveyance, assignment and delivery of the Property, United Properties LLC shall pay the City of Federal Way a total purchase price of Six Million One Hundred Fifty-Six Thousand Dollars and Noll 00 Dollars; and WHEREAS, United Properties, LLC, shall dedicate approximately 35,000 square feet of the Property to the City for a public park; Res. =Ii07-514 Page 1 NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF FEDERAL WAY HEREBY RESOLVES AS FOLLOWS: Section 1. Property Declared Surplus. Parcel No. 092104-9021-08, located at 31600 20th Avenue South is declared surplus to the needs ofthe City of Federal Way. Section 2. Disposition of Surplus Property. Staff, under direction ofthe City Manager or his designee, has negotiated a proposed Purchase and Sale Agreement for City Council Approval. Section 3. Severability. If any section, sentence, clause or phrase of this resolution should be held to be invalid or unconstitutional by a court of competent jurisdiction, such invalidity or unconstitutionality shall not affect the validity or constitutionality of any other section, sentence, clause or phrase of this resolution. Section 4. Corrections. The City Clerk and the codifiers ofthis ordinance are authorized to make necessary corrections to this ordinance including, but not limited to, the correction of scrivener/clerical errors, references, ordinance numbering, section/subsection numbers and any references thereto. Section 5. Ratification. Any act consistent with the authority and prior to the effective date ofthe resolution is hereby ratified and affirmed. Section 6. Effective Date. This resolution shall be effective immediately upon passage by the Federal Way City Council. Res. 107-514 Page 2 RESOLVED BY THE CITY COUNCIL OF THE CITY OF FEDERAL WAY, WASHINGTON, this fit--- day of ~JJA1I~ ,2007. CITY OF FEDERAL WAY ~~~ / ~MICH B ATTEST: HATHAWAY, CMC APPROVED AS TO FORM: ~~t1 ~ CITY ATTORNEY, PATRICIAA. RICHARDSON FILED WITH THE CITY CLERK: 11/27/07 PASSED BY THE CITY COUNCIL: 12/04/07 RESOLUTION NO. 07-514 k:\reso\2007\surplus Parcel No. 092104-9021-08 - Symphony Project Res. #07-514 Page 3