HomeMy WebLinkAbout20130102002152 RELEASE OF COVENANT OF PAYMENT 12/24/14+i b �
FMST �
WHEN RECORDED, RETURN TO-
City of Auburn
City Clerk's Office
25 W Main St.
Auburn, WA 98001
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2013010200,2152
FIRST AMERICAN R PAGE-001 OF 002
01/02/2013 15 58
RELEASE; OF COVENANT OF PAYMENT OBLIGATION FOR UTILITY SYSTEM
DEVELOPMENT CHARGES AND PARKS, TRANSPORTATION, SCHOOL, AND /OR FIRE
IMPACT FEES
COMMERCIAL PROPERTIES
Payment Obligation for the Benefit of Grantee: City of Auburn, a municipal corporation
Persons Indebted to Grantee ( "Grantor "): Soundbuilt Northwest LLC.
Legal Description (Abbreviated): Lot 5 of the Sterling Court Subdivision, Auburn, WA.
Assessor's Tax Parcel ID Number- 7999950050.
Plat or Building Permit Application Number: BLD12 -0142, SWR12 -0190, STM12 -0172, WTR12-
0144
Amount Released: $7,413.63
THIS RELEASE OF COVENANT OF PAYMENT OBLIGATION FOR UTILITY SYSTEM
DEVELOPMENT CHARGES AND PARKS, TRANSPORTATION, SCHOOL, AND /OR FIRE
IMPACT FEES (the "Release ") is made as of this 10th !ay of DecemhPr, 2012 by the City of Auburn (the
'City.').
The City entered into a Covenant of Payment Obligation for Utility System Development
Charges and Parks, Transportation, School, And /Or Fire Impact Fees dated May 4, 2012 and recorded
c;tdcr iing/PICrce ULMLy ,:rcoruiug No. 201205v400f 3 =3 ([he 'Covenant with Soundbuilt Northwest
LLC Grantor to provide for deferred payment of the referenced fee(s).
Pursuant to the terms of the covenant, upon Grantor's payment of the utility system development
charges and/or impact fees as set forth therein, the City will release the Covenant.
Accordingly, conditioned upon the Escrow Agent's or Grantor's disbursement of the charges and
fee(s) to the City, the City hereby releases and discharges Grantor from the obligations described in the
Co-- enant. Upon recording of this Release, all of the Grantor s obligations under d.: Covenant shall be
deemed fully and completely satisfied, and the Covenant shall have no further force or effect.
City of Auburn
By j� ,
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Date: 1 z�'� `i ( 1 �-
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Grantor
By
STATE OF `,1'AS:P TGTOi^I
ss.
COUNTY OF KING )
I certify that 1 know or have satisfactory evidence that w 1 h --5N £ is the person who
appeared before me, and said person acknowledged that (he /she) signed this instrument, on oath
acknowledged it as the bt Kos—+" of probe (his /her) free and
voluntary act for the uses and purposes mentioned in the instrument.
Date: QQ,� "\
Name: 4� h VJ }J% LE
`�\� BAn Itt, /' (Print Name
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NOTARY PUBLIC, in and For the S/�tate of
_j � +otter ms's Washington, residing at L"eA WUnI
N�S�iZ� 'j°be�\;y ?ti0 My Commission Expires:
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