HomeMy WebLinkAbout20120705001017 RELEASE OF COVENANT OF PAYMENT 06/15/2012#it,�'CAN A -�-
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WHEN RECORDED, RETURN TO,
City of Auburn
City Clerk's Office
25 W Main St.
Auburn, WA 98001
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RELEASE OF COVENANT OF PAYMENT OBLIGATION FOR UTILITY SYSTEM
DEVELOPMENT CHARGES AND PARKS, TRANS ORTATION, SCHOOL, AND /OR FIRE
IMPACT COMMERCIAL PROPERTIES
Payment Obligation for the Benefit of Grantee: City of Auburn, a municipal corporation
Persons Indebted to Grantee ( "Grantor "): Sound Built Northwest.
Reference Number(s) of Related Document(s): Permits BLD11 -0117 WTRI1 -0111 SWR11 -0202
and STMII -0146.
Legal Description (Abbreviated): Lot 8 of the Sterling Court Subdivision Auburn, WA
Full description as set forth on attached Exhibit "A."
Assessor's Tax Parcel ID Number- 7999950080.
Amount Released: $7 413.63.
THIS RELEASE OF COVENANT OF PAYMENT OBLIGATION FOR UTILITY SYSTEM
DEVELOPMENT CHARGES AND PARKS, TRANSPORTATION, SCHOOL, AND /OR FIRE
IMPACT FEES (the "Release ") is made as of this 14's day of June, 2012 by the City of Auburn (the
"City ").
The City entered into a Covenant of Payment Obligation for Utility System Development
Charges and Parks, Transportation, School, And/Or Fire Impact Fees dated September 9, 2011 and
recorded under King/Pierce County Recording No. 20110909000857 (the "Covenant ") with Sound Built
Northwest Grantor to provide for deferred payment of the referenced fee(s).
Pursuant to the terms of the covenant, upon Grantor's payment of the utility system development
charges and/or impact fees as set forth therein, the City will release the Covenant.
Accordingly, conditioned upon the Escrow Agent's or Grantor's disbursement of the charges and
fee(s) to the City, the City hereby releases and discharges Grantor from the obligations described in the
Covenant. Upon recording of this Release, all of the Grantor's obligations under the Covenant shall be
deemed fully and completely satisfied, and the Covenant shall have no further force or effect.
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By• 1
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By'
STATE OF WASHINGTON )
ss.
COUNTY OF KING
I certify that I know or have satisfactory evidence that Kt-:v m_AFP- is the person who
appeared before me, and said person acknowledged that (he /she) signed this instrument, on oath
acknowledged it as the-N 6NN 1 N$ J,es c #oe- of 44i� C. /� v 11r h & eN to be (his /her) free and
voluntary act for the uses and purposes mentioned in the instrument.
Date:
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Name: 2 2�
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Q �� 'n,,i NOTARY PUBLIC, in and For the Mate of
Ff Y Z Washington, residing at" CQ,') U ury <y
•upv�,�j' C� My Commission Expires:
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