RES 2001-34 EXCHANGE OF REAL PROPERTY BETWEEN COBI AND BAINBRIDGE PUBLIC LIBRARYRESOLUTION 2001-34
A RESOLUTION of the City of Bainbridge Island,
Washington, approving an exchange of real property
between the City and Bainbridge Public Library, Inc.
WHEREAS, Bainbridge Public Library, Inc., a non-profit corporation
("Library") desires to acquire an approximately 20 -foot by 170 -foot parcel of City land
("City property"), totaling approximately 3,400 square feet, located immediately south of
property owned by the Library at the comer of High School Road and Madison Avenue
("Library property"); and
WHEREAS, the City property separates the Library property from property also
owned by the Library and located to the south of the City property (collectively referred
to as "Library Properties"); and
WHEREAS, the City desires to acquire from the Library two strips of land
approximately four, five and six feet in width along the Madison Avenue side of the
Library Properties, totaling approximately 2,289 square feet ("right-of-way property"), in
order to provide a uniform half -street right-of-way width of 30 feet; and
WHEREAS, the City is willing to transfer ownership of the City property to the
Library, as long as the City retains easements for pedestrian access, and underground
utilities; and
WHEREAS, the Library is willing to dedicate the right-of-way property to the
City; and
WHEREAS, the City property was not obtained for utility purposes; and
WHEREAS, based on the assessed valuations of these and surrounding
properties, the City property is valued at $17,561.00 and the right-of-way property is
valued at $19,997.00; and
WHEREAS, the diminution in value of the City property due to the retained
easements is estimated at $3,500, making the true value of the City property $14,061.00,
which is less than the value of the right-of-way property; and
WHEREAS, the City and Library recognize that the retained easements may
need to be relocated to a mutually acceptable location (such as the setback area on the
south and east sides of lot 118) with future development of the Library Properties, and
WHEREAS, the City Council finds that the exchange of the City property and
the right-of-way property is fair, equitable and in the best interests of the public; now,
therefore
Resolution 2001-34 Page 1 of 2
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THE CITY COUNCIL OF THE CITY OF BAINBRIDGE ISLAND,
WASHINGTON DOES RESOLVE AS FOLLOWS:
1. That in exchange for a right-of-way deed from Bainbridge Public Library, Inc., a
non-profit corporation, for the parcel described on Exhibit A to this resolution,
(approximately 2,298 square feet of property along Madison Avenue), the City
shall transfer by quit claim deed to Bainbridge Public Library, Inc., the City -
owned parcel described on Exhibit B to this resolution (approximately 3,400
square feet of land perpendicular to Madison Avenue); provided, that the City
shall reserve from the Exhibit B parcel easements for pedestrian access and
underground utilities. Upon request of the Library in connection with
redevelopment of the Library Properties, the City and the Library shall relocate
the easements to a mutually acceptable location on the Library Properties.
2. That the Mayor is authorized and directed to execute the quit claim deed, in a
form approved by the City Attorney, and any other documents necessary to
complete the exchange of properties, and to accept and record the right-of-way
deed in a form approved by the City Attorney.
PASSED by the City Council this 27th day of June 2001.
APPROVED by the Mayor this 28th day of June 2001.
Dwi t Sutton, Mayor
ATTEST/AUTHENTICATE:
S san P. Kasper, City Clem
FILED WITH THE CITY CLERK:
June 20, 2001
PASSED BY THE CITY COUNCIL:
June 27, 2001
EFFECTIVE DATE:
June 27, 2001
RESOLUTION NO:
2001-34
Resolution 2001-34
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