ORD 95-10 BI WATER RESERVOIR SITEORDINANCE NO. 95-i0
AN ORDINANCE of the City of Bainbridge Island, Washington
declaring the Bainbridge Island Water Reservoir Site - Tax Lot No.
4101-003-006-0008 as surplus to the City's needs.
WHEREAS, the City of Bainbridge Island recently demolished and removed a water reservoir
from Tax Lot #4101-003-006-0008, as shown on Exhibit A, and
WHEREAS, the City has an ingress/egress easement to said site (Exhibit B), also surplus to the
City's needs
WHEREAS, the property is in an area zoned R-8 (eight residential units per acre), and
WHEREAS, the City has had an appraisal of the property for sale subsequent to the declaration
of surplus to the City's needs, and
WHEREAS, by Resolution No.95-13, approved on April 6, 1995, the City Council held a Public
Hearing at 7:00 PM on May 4, 1995 to receive comments relative to declaring the property as
surplus to the City's needs for subsequent disposal.
THE CITY COUNCIL OF THE CITY OF BAINBRIDGE ISLAND, WASHINGTON, DO ORDAIN
AS FOLLOWS:
Section 1. That Tax Lot No. 4101-003-006-0008 and the ten (10) foot ingress/egress
easement is hereby declared surplus to the City's needs.
Section 2. This Ordinance shall be effective five (5) days from and after it's passage, approval,
publication, and posting as required by law.
PASSED by the City Council this 4~h day of l~Iay , 1995.
APPROVED by the Mayor this 21stday of June , 1995.
Janet K. West, Mayor
ATTEST/AUTHENTICATE:
Su~r, ~ Clerk/~vk'fl'/
APPROVED AS TO FORM:
Rod P. Kaseguma, City Attorney
FILED WITH THE CITY CLERK:
PASSED BY THE CITY COUNCIL:
PUBLICATION:
EFFECTIVE DATE:
ORDINANCE NO. 95-10
fde,- wab\work\O95-10.tnk 04-25-95
March 15, 1995
William Bryan
Director of Public Works
City of Bainbridge Island
625 Winslow Way East
Bainbridge Island, WA 98110
RECEI\/EO2
MAR 16 ~995
PUBLIC WOF,.:
RE: City of Bainbridge Island Water Tower Site, Bahbridge Island, Washington
Dear Mr. Bryan:
This letter supplements my appraisal of January 12, 1995, on the above-referenced property.
Pursuant to the Washington Administrative Code, Chapter 35.79, concerning Streets-
Vacation, and further elaborated in the City of Bahbridge Island's Municipal Code, Chapter
12.34, amended by Ordinance No. 94-32, the parcel to be vacated must be offered to the
abutting property owners. Under the terms of the ordinance, they are to pay one-half of the
appraised value of the area to be vacated and any costs associated with the physical' closure
of the road and any repairs required in thi.~ process. If the area to be vacated, however, was
acquired at public expense, the abutting owners must pay the full appraised value.
My appraisal estimated two values: 1) the value to the abutting property owners on the west
and east, and 2) the value on the open market to a member of the general public. My
analysis of the first value found that only the ownerships of the parcels abutting the subject
parcel on the west and east would benefit from acquiring the entire property to be vacated.
Indeed, the abutting property owner to the north would have little if no incentive to acquire
the subject, since its acquisition does not enhance his potential density nor does it provide
significant side yard. The second value is predicated on the notion that a breed of sbeculators
exists in the marketplace that acquire property for the sake of acquiring it, and not for any
particular purpose. Their idea is to hold the property until there is a market for it, at which
time the speculator may realize a. significant return on his original investment. After reading
the appropriate city ordinances, I am persuaded that the first value is the appropriate value
for your purposes, and I assume that the abuuing owners on the east and west have been
notified by the city about is intention to sell the surplus property.
Consequently, under the tenns of the ordinance, the full Market Value of the property to be
vacated must be allocated to each of the abutting property owners from which the parcel
ostensibly originated. I assume the parcel was acquired with public funds, since according
to the recorded plat of Chatham Hill (Vol. 8, Page 41), records of Kitsap County, no
c~
Richard< ssociates
dedication of the water tower site is made. Therefore, the Market Value of the surplus water
tower site is allocated as follows:
$13,000 + 2 = $6,500 to each abutting ownership
In conclusion, owners of the abutting properties (0124210 and 005-00) are each responsible for
$6,500 to successfully conclude the sale of the surplus water tower site as spelled out in the
municipal ordinance.
I would also like to bring to your attention the attached Quit Claim Deed which I discovered
while digging through a rifle company's records. It appears that the city does have an
easement across the north 10' of Lot 12 for ingress and egress and for laying a pipeline.
Although this document gives the subject parcel a legal access, it does not change my analysis
of the subject's highest and best use.
If you should need further clarification regarding this appraisal or have any additional
question, please contact me at your earliest convenience.
Sincerely,
J. Randolph Mosher, MAI
g~ NO IiVD O~ H~n~I DOJ. OI-~
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_TA V A d O cW 9
2~ V 771A07
Quit Claim Deed
Tax GRAMTOW. RC~L~LD 3.
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