HomeMy WebLinkAbout111-04 - Res. Authorizing Purchase of Real Property RESOLUTION N0 , 111 - 04
A RESOLUTION AUTHORIZING PURCHASE OF REAL PROPERTY LOCATED AT 1570 EAST AGATE ROAD,
SHELTON , WASHINGTON FOR PURPOSES OF A MASON COUNTY PARK
WHEREAS, the Board of Mason County Commissioners desire to acquire real property located on Oakland
Bay at 1570 East Agate Road , more particularly described in Exhibit A, attached hereto, and incorporated
by this reference (the " Property") for the purposes of creating a Mason County parks and
WHEREAS, the owner of the Property has entered into an Option Agreement for sale of the property to
Capitol Land Trust, a Washington non - profit organizations and
WHEREAS, a provision of said Option Agreement provides that Capitol Land Trust may assign the Option
Agreement to Mason County; and
WHEREAS, Capitol Land Trust and Mason County have requested approximately six hundred thousand
dollars in grant funds from the Salmon Recovery Funding Board ( SRFB) to assist in acquisition of the
Property; and
WHEREAS, Mason County is authorized , by law, to utilize REEF 1 funds for the purpose of park land
acquisition .
NOW, THEREFORE BE IT RESOLVED by the Board of Mason County Commissioners that :
1 . Mason County agrees to accept the assignment of the Option Agreement for said property .
2 . Mason County Commissioners authorize exercise of said Option Agreement and purchase of
the property together with closing costs with REET 1 funds, contingent upon the following
conditions :
a . Capitol Land Trust assigns the Option Agreement to Mason County .
b . Acquisition of the property is included in the adopted Park Capital Improvement Program
prior to expenditure of County REET 1 funds .
c . An MIA appraisal of the property is completed which finds the market value is equal to or
greater than the purchase price stipulated in the Option Agreement .
d . A Salmon Recovery Funding Board (SRFB) grant is approved which contributes
approximately six hundred thousand dollars ( $600 , 000 ) towards the purchase price,
appraisal, legal , and closing costs of said property .
e . A title examine is completed and accepted as satisfactory by Mason County .
f. Specific conservation easements which are placed on the property deed as a requirement
of SRFB funding are accepted as satisfactory by Mason County .
g . Closing on the property is on or before April 30, 2005 .
ADOPTED this 16th day of November, 2004 .
BOARD OF COUNTY COMMISSIONERS
ATTEST: MASON COUNTY, WASHINGTON
ebbl cca Rogers, Clerk °he Board Wesley E . hnso� , Chairperson
PP VE A :rfO ; ORM : - --
������� Herb aze, Co issigner
Chief DepuProsecuting Attorney _ N
Michael Clift Jayni 11 Kamin , ornmissioner