HomeMy WebLinkAbout3068 Resolution RESOLUTION NO. 3COF
A RESOLUTION Rescinding the February 2007 Real Estate Agreement
with Michael and Susan Davidson.
WHEREAS, the city, in February 2007, sold Lot 2, Short Plat 2003-05, situated at the
southwest corner of the intersection of Brown Street and 5`h Avenue, to Michael and Susan
Davidson with the condition that an office building of substantial similarity to the office
building next door be completed within 18 months of the sale; and
WHEREAS, the Davidsons have determined, due to circumstances unanticipated at the
time of sale, that they cannot fulfill the construction obligation of the contract of sale; and
WHEREAS, both parties (City and Davidsons) prefer to rescind the sale in lieu of other
options; NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PASCO:
Section 1: That the City Council hereby authorizes and directs the City Manager to
execute the rescission of Real Estate Purchase and Sale Agreement attached
hereto as Exhibit"A."
3 PAS D by the City Council of the City of Pasco this 18th day of February, 2008.
Joyce on ayor
ATTEST: APPROVED AS TO FORM:
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Debra L.tfark, eity. Cle Leland B. Kerr, City Attorney