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Resolution 1507RESOLUTION NO. 1507 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF EDMONDS, WASHINGTON, AUTHORIZING DISPOSITION OF STORM AND SEWER UTILITY EASEMENTS LOCATED ON THE SOUTH SIDE OF 236TH STREET SW, APPROXIMATELY 176 FEET EAST OF HIGHWAY 99 IN EDMONDS, WASHINGTON. WHEREAS, the City of Edmonds is reviewing a development application for property located at the southeast corner of Highway 99 and 2361h Street SW, consisting of tax parcel numbers 00451900100201, -202, -203, and -204 (collectively the "Subject Property"); and WHEREAS, in 1962, the city acquired storm and sewer utility easements, recorded under auditor's file numbers 1588234 and 1588238 (collectively the "Utility Easements"); and WHEREAS, the Utility Easements were declared surplus with Resolution 1505; and WHEREAS, RCW 35.94.040 provides a process for disposing of surplus utility property; and WHEREAS, RCW 35.94.040 requires the disposition resolution to state the fair market value or the rent or consideration to be paid and such other terms and conditions for such disposition as the legislative authority deems to be in the best public interest; and WHEREAS, the appraised value of the 1000 square foot area encumbered by the Utility Easements is $86,250; and WHEREAS, the project proposed for development on the subject property will provide the following new easements to the City: 1) a public pedestrian easement will be granted to the City for that portion of the sidewalk to be constructed on private property; and 2) a public water meter vault easement will also be provided on private property along the Highway 99 property frontage; and WHEREAS, the new easements being provided to the city amount to 2876 square feet, which is substantially more area than the 1000 square foot Utility Easements proposed for disposition; and WHEREAS, staff is recommending that the new easements provide sufficient consideration for the disposition of the Utility Easements and that no other money should be required as a condition of the disposition; and WHEREAS, on September 27, 2022, a public hearing was held on the proposed disposition of the Utility Easements; and WHEREAS, the city council, after hearing the staff presentation and the testimony provided at the public hearing would like to dispose of the Utility Easements in the manner described below; now therefore, THE CITY COUNCIL OF THE CITY OF EDMONDS, WASHINGTON, HEREBY RESOLVES AS FOLLOWS: Section 1. The administration is hereby authorized to dispose of the Utility Easements described above by releasing and reconveying them to the property owner in exchange for, and after receipt of, the new easements described above. RESOLVED this 4th day of October, 2022. CITY OF EDMONDS MAY A, MIKE NELSON ATTEST: CLERK, PASSEY FILED WITH THE CITY CLERK: September 30, 2022 PASSED BY THE CITY COUNCIL: October 4, 2022 RESOLUTION NO. 1507