Res 97-256
RESOLUTION NO. 97-256
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
FEDERAL WAY, WASHINGTON, RELATING TO APPLICATION OF
REVENUES COLLECTED FROM THE' SALE OF SURPLUS PARK
REAL PROPERTY.
WHEREAS, the City Council of the City of Federal Way,
Washington, has identified a need to develop a policy for the
disposal of surplus real property; and
WHEREAS, the City Council resolved on November 16, 1993,
pursuant to Resolution No. 93-156, to deposit with the Management
Services Department revenues received from the sale of surplus real
property; and
WHEREAS, at its April 14, 1997 meeting, the Federal Way
Parks and Recreation Council Committee decided it in the best
interest of the citizens of Federal Way that revenues collected
from the sale of surplus park real property be deposited into a
Park Acquisition Capitol Improvement Project Fund; NOW, THEREFORE,
THE CITY COUNCIL OF THE CITY OF FEDERAL WAY HEREBY RESOLVES AS
FOLLOWS:
Section 1.
Parks Revenues to be DeDosited.
The revenue
received from the sale of surplus City real property, other than
parks
real property,
shall be deposited with the Management
Services Department.
Revenues collected from the sale of surplus
real property used for public park purposes, including open space,
shall be deposited into a Park Acquisition Capitol Improvement
t(Q)ry
Project Fund, which funds shall be used for one of the fallowing
two purposes:
1.
The purchase of additional public parks; or
2.
The reduction of existing debt service covering existing
park real property.
section 2.
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 3.
Ratification.
Any act consistent with the
authority and prior to the effective date of the resolution is
hereby ratified and affirmed.
Section 4.
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~' 1997.
CITY OF FEDERAL WAY
/ 14v/~:f I~
MAYOR, MAHLON S. PRIEST
~'~
crZ CLERK, N. C~ S~~
APPROVED AS TO FORM:
~;;LJ ~
.' ~~' . .)
CÍTY.M'fO'. hONDI K. LINDELL
FILED WITH THE CITY CLERK:
PASSED BY THE CITY COUNCIL:
RESOLUTION NO.
K, \RESO\SURPLUS. PRK
06-24-97
07-01-97
97-256