HomeMy WebLinkAbout5014 RESOWTION NO. SO 1 4
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
�
OF AUBURN WASHINGTON RELATED TO
DOWNTOWN REDEVELOPMENT; AUTHORIZING THE
MAYOR TO EXTEND THE TERM OF A MEMORANDUM
OF AGREEMENT W ITFi CERADIMM, LLC AND THE
TERM OF AN OPTION TO PURCHASE REAL
PROPERTY WITH CERADIMM, LLC, BOTH
APPROVED BY ADOPTION OF RESOLUTION 4675,
AND TO EXTEND THE TERM OF AN EXCLUSIVE
LEASE OR SALE LISTING AGREEMENT WITH
COLDWELL BANKER DANFORTH AND ASSOCIATES
UNTIL DECEMBER 31, 2015
WHEREAS, the City Council of the City of Auburn, Washington, previously
entered into a Master Development Agreement with Alpert International LLCP for
development of properties belonging fo the City and assistance in development
proposals for other neighboring propeities in the downtown area; and
WHEREAS, that initial Master.Development Agreement expired and the City
entered into a subsequent refined Master Development Agreement with Alpert
Intemational LLLP following the Council's passage of Resolution No. 4663; and
WHEREAS, Alpert International LLLP combined its operations with Ceradimm,
LLC, and the City approved a revised agreement and an option to purchase property by
adoption of Resolution 4675; and
WHEREAS, the City entered into an exclu5ive listing agreement on August 92,
2012, with Coldwell Banker Danforth end Associates for the lease oc sale of agreement
within the Downtown Development Area; and,
WHEREAS, the City Council believes that extending all of these agreements will
facilitate downtown development, and that it is in the best interest of the City to extend
these agreements until Decerimber 31, 201b;
NOW THEREFORE, IN LIGHT OF THE ABOVE FINDINGS, THE CITY
COUNCIL OF THE CITY OF AUBURN, WASHINGTON, HEREBY RESOLVES as
follows:
Section 1. That the Mayor of the City ofAubum and the Aubum City Cletk are
hereby authorized to execufe amendments extending the termination date until
December 31, 2D15, forthe Memorandum of Agreement, which Agreement shall be in
substantial conformity with the Agreement attached hereto as Exhibit "A" and the Option
to Purchase Re'al Property with Ceradimm, LLC, attached hereto as ExhibiY"B", and the
-----------------------
Resolution No. 5014
November 26, 2013
Pege 1 of 2
Exclusive Lease or Sale Listing Agreement with Coldwell Banker Danforth and
Associates, attached hereto as Exhibit "C", all of which are incorporated herein by
reference.
Section 2. That the Mayor is hereby authorized to implement such
administrative procedures as may be necessary to carry out the directives of this
legislation.
Section 3. That this Resolution shall take effect and be in full force upon
passage and signatures hereon.
Dated and Signed this a � day of �� , 2013.
CITY OF AUBURN
v
ETER B. LEWIS,
MAYOR
ATTEST:
��� ����
' Danielle E�. Daskam,
City Clerk
APPR VE AS'TO FORM:
�Danief B. Heid,
City Attomey
---------------------------
Resolution No. 5014
November 26, 2013
Page2 of 2
Exhibit "A" �
�
� I
Novembar 21.2011 i
MEMORANDUM OF AGR�EMENT
Bmma I,.Alpert,Manager �
CERAAIMM,LLC j �
i
701 Pifth Aveaue,Suiba 71•00 �
Seattle,WA 98104
RE: City of Aubum Dowutnwn Propaty Devalopment ' ;
Dear Cerndimm,LLC;
Tlus lattar constitutes tha Memorandum of Agrebmant (MOA) batween tha pardas, raplacing and
superaeding the Master Aevalopment Agraemem cntared into by end batween the City of Auburn and
Alpert International, dabad Decamher 20,2010, and any other Agceamants prior theroto. In addidon to
and contemporanaous with this MOA,the partias hava entered Into un Option Agrcemant rvhoroby you
haye ogrions to purahesa cortein parcels of real pmparty of tha City of Aubum.Your a�recment to artber
into this Agreameat earves as tha conaida�ation for fhe Opdon Agreemoat.
You agree to do the following:
a Merket proparties within Auburn Junction to pmspective devalopare, toaanca or tNird party
interesta.
b. Assist tha City in Uie development of marketing informatloa and producta for Auburn JuncUon.
a Work witU the City and ita llsting agant in the direct marketing efforb of CIIY P�P��•
d. Assist the City in stratagizing and planninB for Aubucn 7unction.
e. Assist the City in ib corndination wlth private propariy ownors in Aubum 7unction snd grivsta
grop"erty owners adjace.nt to Auburn Jwiction.
f. Provide the City as requested ox needed v+'►th uPdatea to the Auburn 7unction Conceptual
Davolopmant Plan.
g. Aselst CiTy atsff as requested in prasentadons or commueicadons to Clty Council or its
� COMlfI1ttCC8. �.
h. Meat wixh City etaff as requasted to cooidinate aud etrategize on markating a�ul davelopment for
Auburn Junction.
I
. . . �
j
If yon ahoose not to axaroise tha Option Agreement— snd the options to purchase tlu variws parcels �
dascriliad Eharoin — this MOA contempLrttes thetyou would work wlth reel estata profeseionals and
dwclopara to facilitsta the developmaut of the City owned parcals, and your compensation for those
services would ba from the real estata profassionais and developers who dovelop or sell to davalopa�s !
City owned parcels. You agree that the City is not obli�under this ABreement to componsero you '
for arry work you parform uudar iliis Agreamant except for any transacGon wkh Williams & Dame
Development or its aPflliato, in which eJent Ceradimm, LLC will be compensated for such work by
either Will3ams & Damo or tha City on urms aimiiar to those approvad by Hia City for real esteta
ptofassionals,as roforanced above,
Additionally, if reyuoated by tlu City, you ahall esaist anti edvfse tlie City with the planning eisd
potential th{rd purty funding far a cultural acts ceMer or ather public facllity (collxtively,the "Publfa
Fecllity'� to be potantielly davoloped indapar►dentlY, 3n donjunction with tho developmant of City
pxoparty or propextios,or elsewhere[n downtown Auburn. 3hould such Public Facility be so plunned by
Decomber 31,2013, and if suoh Public Facility is fiilly fundal and developod bY the City,you shall be
enritiad to a fes equal to 1.59'0 of the total mpital costs of auoh Publia Fscillty pmJect.
Please acknowledga your agreeraant to the ebove Mamorandum of Agi'eament by sigaing this leaer.
below and trol,w'ning a copy to ma. Thank you very much.
Sincexaly
F AUB
'T'""`----4-�
Petee B.Lawis,Mayor
Attest:
�Q{�1�•�--/ CBRADIMM'LLC
De'niolle Dasksm,City Cladc
Ap� �kn,�uv��---�
�F Emina L.Alpert,Managar
D , e�d, i y Attomey Date:_������
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O�N,,�TQ��PU,3.t �'� REAL PROPERTY
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'CHI3 OP7'fON A(3I''�ML�Il�'T�''A�ect��,F'"f is m�e and �teyi'ed into diis s. day of
�2cawv.arxw . 20�,, by and'�betx'!ee,� th�C7ITY L1F AUB ,IJ�,�e Weshington muaicipal
coiporation (hereinafter "(3RANT'bR�) �hil rC` ..er'adfi,gm,•�LC, ;
' �P°=,FiRh Avenue, 3uite 7100,
Seattle,WA 98104,a Washington timik�,��iqbiliiy cs'�mpany°'�'he�ein�ter,=. .w(i�tAT1TEE'�k,'.
��.,�. ?. ''�..,<:,,. ,� � +• '4; r +
FOR d�Od'�,,.,ANll VALUABLE CONSIL�ERATT N;``fF�,�SL�'�It9}�N'�Y 0�'V�iICH
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IS HEREBIC'ACKN�'�WL,EDGED,THE PARTIES�"Y4ti'sA�#as fvllc�mV�:"^.�.•,...r : ,� .
,f', � _':. •r ,• ,,� ,, a :�
c .. +:a ` '� .d .� ,�,
1.,^r .OP'&1101�t;TO PURCHASE. The GRANTEE"�all�have tbe ri , t(��p�chsse the
City O�µtied ,�� identified as Lots i,2,3,5, 6,7,9, 10, 11,.1�,,13 and l�i�'�Bxl'ribit"A"&
"B„ ("�ity Q�hip�legal,,descriptions and maP'�, for the purchase pu,�lced''IeAse azrengemenu
or o�er al;terq�tive;�paaaa�'"anangements es determined below or '�' in#o auch other
agreaqtents"�� ther'p�tichage,.lea,9e� alternative fit�ancial arrangements aiidlCn�•.:p(evelopment of
said CrNyc.Owned�ls�s}Ialt�}e ne�otiated from time to drae by the Pacties. The term of tLis
Option A�'reem�nt s�all,r'�e�dr a;�e�!fOd oi^t�me ending on December 31,2013,which rigM may
be assi�ed by the �Ra'�E `roae o,�,mofe assignees acceptable to the CiRATfTOR. For the
Pwposeg hereof. th�. MaYor, of� 'C�y uf dlnbpm shaU be audwrized to epprove such
esdgnment(s) subject'tb�epp�oval �the A!ti8u�n C�,fty C�9uncil. It is provided,however,tLat as
an altemative to tho purc�ase 9f ','f.�w:,Own@d P 1� ttle parties may negotiate and execuu
agreements for long-term leases�f said�ty�Hrcels". ..`'°-.;.
4�iva.IF1 �t' i' i� :�' :• A�f"�"�,�
2. PURCHASE PRICE OF G,�TI'Y°-BeYRCBLS. Diuing`•�1►Q,,tecm of this Option
Agreemeny the GRAIV7'EE shall have the iipht tapure'�ase th,e(.`'uy Oi4ned'�arcels,collecdv_ely
or lndividuelly, for the purchase price de�u�d�tirolYgh:�ilie.,�ro��cieseribad betow. The
purchese prica for the City Owned Percels, aloY�g ydith;�ny���ty' n -gf fwaq'thgt maY be
vagated, and righis partaining W any Ciry OwneU..;��gLv ulti�ly;`mcluded`vin tha'v
development, shell be equitably negotiated in good faitti by:fEhe.�iarti�s dt�ing t��c�,Yenp oP'tbis
Option Agrooment or eny extension tiaieof, [eflective of faci�wis p��ctit�e�Tt tqr�`thg��r r�uy �•..,
P _��^
valuation as dete�mined ae of tho data of the axeeution of this A�►�t,�nd 6as�`ng�t�ta vaI'ue �� ��
of tha land only, es the Parties sgrea that any buildiags or imp�wemenm�.Xhat"may i,st '� �°`•�'.�+�
property are not of vatue to the intended deValopmem, �",.„„ ,r'�' ,� �`;;. �q,
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'r �r "{ y7'lu Parties further agret that if they ere not able to suecessfi�(ty negotiato an agread I
.� .•r�� p;'tirc e,:px►ce within sixty(60)calgndar days frora the date the C3RANTEE exarcisos ea option i
�N �� :� P e,,�f�.#�Y P�1(s) covcrecl by this Optiai� in order to ensure a feir purchese price for
' °�,,..�`tha ify Ovdnod°'•Peroels and eny other City-owaed PmPer►Y righis associatcd therewith, tl►e
µ�,' a��T�"',F.�Y:'�SaBe an independent MA[ app�aiser to deterrnine the value of Usa City i
,�.,�•.k'�w°al �+aro�ls. ,'�vl�ie3t"ve�uation shall be the pw+ehase price� except as set. forth below. ;
G�OR,'lvilkp�tSvide the��ra�to CiRANfEE within thizty(34)calendar days of tha �
ead o£�he,�Q�da}?'ne �tion;� e valuetion of the(3RNNTOR's M.41 eppreiser ie not '
acce�i4ab1E`to:th� GI��I�f`l'E�,� o G y engage an independont MAI appreisar to
detaminL��rhE v�1ualio�,�`end'mi�t pro� t W G�OR withia thirty(30}days of the receipt
of ORANfOR'S.;apptaesaly�+'If.du " `�1l�ppraiser determines e vatue that is within
ten percent(]0%j�qf the��GRA�1T R's�vlAi a,�i�'t 's valuo,thalower valuatioa sl�all be used
as the purchese prioe�or ttf�`e Cffy O�+tia�+�el�o" If tho diffarence in valuation exgeeds ten
percent (10°/a), the C3RAl�1'I'O�t's MAI rdise�"en�l•�ahe, CiRAN'�'s MAI appcaiser ahall
within thiriy(30)calondar da�s of the d�er�Snatib��fhat the"egilnati�h e�'ceeds ten percart(l0%)
select a third MAI appraiser anil t�je t�icx.�app�i�ers �l deleiaa,jn�:�e valuation within sixty
(60) calorsdaz days, and that valueU"'oii t}e t�ie `� ° ,pn¢e�t the Ciry Owned Parcels.
Each party ahail be responsible for the�Oq�§ o�it�;�s�'r.;endtth�..tvxct„partip shaJl share,
equally,in the eosts of the third appraiser. +..•w„ ,� ,a'" � '�c, �`'v�py
.� .+,� ..+.4 �f. �ii• �': q���n.qSi b rr° �Y
A1tpFitatively,`E�the parties agroe W puisuc�Sngg=teraillesSegr'd�"s�Ptl�ity�v�Sed,3'erceis,
including�ree�°�t ort;the length ead terms of du teases,'��a,g ` 4�tet�v9 to ehd�sbp�d of tha
purchasa(,4ala p�'d�e Pe�xls. if the parties cannot ag�ee on � �,moDxWOf 1��,,� pa7gnenta, the
�°"'e:
pazttes s�ial! �npipy a�imilar ahategy for determining valuatiou/p�ymept et�oi�ttts d�'the teeses
simil��to the str�'egy�i�d above.fwy other arraagements contem�at�tl(''ry tl�s Ag�eement
shall�be b •Y1,mupdil oQds�t of t�,Pazties. ,�'•:�,r,
•.y, �� ,; �...,,;, i•,
�1tiy sucl�,+pufcha� op' les�§e of„,��Lot oa which a buildicrg or shucture is tocated shall
iaclude the"'ftfllow�tig teqtli"i�em�,�itd: Fiis�•;.that alt buildings or structures thereon shall be
demoliahad/reraoved wi`thid ni (90 s'�ollowing du purchase or leese aad the issuence of
� �'�` �:
�11 permlt(s) for s[te`i�evelopg�i�or;�5uild'}?�cgfi's'trucHon,Provided thet if no permit(s) for site
development or build'u�Y'g��cohsaucd�l'n has/�i2'rva�beaih ls�4,ed, then the all buildiags or atructure.v
theroon shall be demolishad/repiovedr�vith3�t:°eigklte�"(1&) aionths following the pittchese or
leasa. The GRANT6E shall ti�'e, respoa,BibIC fqir thRNr dea,uollHon/removal; Second, that the •
purchese and sale(or tease)agi�ee��"n�atrsl�Tcotltaii,t'ter�lls gnd.,d,off'�ltions raquiring(3RANTEE
or ite sttccaesor in intesest to submlt a cqmplete-tipp�Eca�on,,��r dev2lp��nent of the property
within tweive montfis of the closing dat�, a�cli iie,yeb�meflt shall p'tbvide that vertical
wnstruction sha11 begin no later than twenty=fotl�r �).aw �thg dat� the applicadott ia
11C8UlCd COMj)1818 °Y: �;'. • i t Y,�,.�°M1.�.. .
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4�. •1 '1 .�Y .1� ,' �: r�'w
.'Y�1' Af' �.` „ �� .. .
If the buildings or suvctures thereon are not damolisl�d/Eemg`ved:�thiir�� ti�e-El�up
dascrib� above,or if either an application is aot submitted wi'tYhin t►4elue fnoat�:vf tt�alosit�g^•-•.:.
date, ar ve�tical construction 6aa not bagun within twocuy-four (29��''eiqnt}��c�"E}+� data,fwhe '^ � '��
appliastion is deemed complete, tha seleJpiuohase or lease of said parce�(s) ahetl,.bC`vqtded, �=
rescindad, snd millified, ead its dde and/or possaesion shall automat'ia��.„spve�t tb tije ���`� �.
GRAT)TOR Any puzchase price paid w the GRANTOR shall ba ratumed to the d�RACVTfiL; ;' �' , � � �
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'. ;"r ho,yYove�;�GRAN7'$$ shall not be entiUed to any additional payments from the GRANT'OR,
iqcludkn�:l��t not limited to interest or development costs,and the property j
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"• "'�: f° �° :�For�Yio pi�posea hereof, including the Developer's Rights/Options to Pu�hase or laase,.
H��'
�"�� as,Riescrit�ed+�ere'in below, "City �wned Parcels" ahall also include percels locsted withia the :
aa, ,,f�ur�bloqk sr� b6uyd6d��k�y Main Street to the North, A Sheet SW to the Wast, 2nd Strest
�I�A���+/'�
3V�115E�to �lie $qtlfh and A. Str SE"'� the Eest, that ate subsequently purchesed by the '
GRAI�17'O�i dut�i�fg t(1�'��n,of A�CemeM or any extension(s) thereof, and may include
o�``Oi�pazCel�"IpYste�l w,i� tha pf m Exhibit"B"("Downrown Redevelopment
Area"� that.aie�ub9�q �n puYchase���a 0 '�OR during the tenn of thes A�reement or
� �� .
any extansioa(s}.thei'�of, ovided�th��'City���arcels°shall not include parcels that may
e
be purchesed by t}�„d ,,, °�R v�nthm„�ha id�(rf{eNhtarget areas where the parcels are expressly
purchesed for munictpal pw.pose8: >° d.� �;� }�;:
Y .t' ;'� p . 4° d:i.�.
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3. RIG�F F`TiL�T R�FI!$A�. 1��'a�3dition to t,1te ter�ris�ove,the pazties further
agree that if the GRAIVT4R receiAea �h aa'�epWk�ie,bqna,,fid�off�F`td'purchase snp of thc City
Owned Parcels doscdbed hgrein duri��tht tc�m;of t�tis A'g�eoanqSt�'jhe GRANTEE shall have a
right of first refusal to purchese said CitjNqv�ed ps�cel(s) �`fi�e q�4enGt�he„�iRANTO�.dasires
to sell the Pro� to the OFFERER of sach bqna�ielt�.qffer,;fo ��ase,thei!•;tk1e GR"A OR
shall so nottfy CfR�ANTEE in wri$ng, speci�nB tlaa"' �i`ropfisedw'�fcApL'�ty '�ddr�'ss��d/or
deacription,;a'the aele '�}tce and sll other matesiat 'tt�1l's a�,fld ofra�il't�oi��"'nF'tAe;:'pr�po�Ed sele,
togethar w,�4h a�py ofYhe bona fide offer to purciiase. ^::.,.,,n�°� H° .r -°.,; :;x �" �'.
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Is� thG,{�evar�t dRiANTEE olects W eacereese such right of{�;st ro#'usak'a�� ptvct�ase said
parcel�8�, G]ZAi�'EE,shal(.xLQtify ihe (3RANTOR of such intention, aq� s��lal� mqjnorielize the
sema:�in ag'`�emEnt dpbuthents�.ocutoil and deliverad to the (�RP�NTOR e6it�Uus(}Yirty(30)days
of(3iZ,�NT�3�'s np�i�toa��CfEB of the bona fide offer to purchase, enc�`(#R.�TI'fOR shail
then se�F.�sid pa��!(5}tq"CiR�N'�EE 4.�,�tlic terms of such bona fide offer w puichese. If auch
bona fide o1YSeP"fo p�u'chAse�eiclu:{le,s�hon-mau}etary teans or conditions that cannot reasonably be
satisfied by GRAN:`4'6�'�`•.�(�ch ',�as tha,.p,iovi5uon,of exchange property or other non-motretary
consideration), (3R.A�TEE ,tdt�y p�ei�vi�; ceisstt:��C'onsideration in lieu of such non-monotary
condiUons. "���•,.., ., ��. ,: . ..
y1 F� •I"^.�.
i: �.. .. :` .,• ai ;F
[n the event CfRANTEE"id,ces not�pcetcis�'`sucfi ri�i'it y�"Ficst refusal within the thirty(30)
day time period specified above, 4hma.•4he f�R.4TVT(}12.sY�e1�`be,�•tca,sell tha paceel(s) in atriet
acwrdance with the terma of the bona fide;offei�oo�parp�aSe(vy,{„thout q,��gdment thereto)to the
buyer stated thercin. If GRANfOR doas nGt,co�Qludq''suc�s�ile,then (�RAf�iTEE's right of first
refivalshall apply W all fLtare bona fiile offers't�,,,puu�bhace such p�rcet(`s).
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r� ;a" ST,ATEpOF WASH[N(7TON )
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y y �• � ,bn tl�iA""�� `�`day of a �+ . 20 /f• bafore mq tha underalgnad, a I
N�"`PubJ,j�w in azpi for thq Stata ot W�ington,duly commissio�ud ead eworn, personally eppeared �
�� P,e'�r.�.I,�wi�and;�beniQ�,g,Daskam,to ma Imown es tho Mayar and City Clark,for the City of Auhum, !
s�"'��,,.✓'t'he thnni�ipal:ko�or�ti`on wlYo.execuxd�within and forogoing iastcument,aad acknowledged tlro seid
ingpument yG ba•d1e frae„ d irolun act d deod of said munioipsl corporation, for tha usas end
pu` tl�.era�p �anti,�o�an� h s�d that tluy are autharized to execute said insaument on
beh�fa�idpl�0`ciR�t���h�Kn�tt r�. °��,�,°� �"�
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��N ,�FIIS,�'-J�r-,��-�- � of r� 4�h�- . 20�, be'�'o9�";,lne,+`pptso�lly appoered
,�ma�a L.-;�1� wT;apd -="�r—"----' to me known to be th� ' ' and
'"• ' �"for C�geed ;,.m, LLC, the company on wfiose bahelf hd�� tho
within 'sud forogoi en�an{!acknowledged tlw seM lnstrument to bo the fiea end voluntary ad
and dead`"v�„�eid'col6pa�dy, tir tqe �e�'Wnd pucposos �a�ein mentionad, end on oalh stated that
ha g(�lthay'islare autltorizod t�exa�'utd seid iasWment on behalf of said company.
: ,�. �.f�...,e �, �„�,I�
G1VEN under i}{y,,hanc�.An�}o iel a�,��»s,,�S"°•: day of�bP�- ,20 L l .
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;' 3,'bts 3' aqb�A, B1QC,k S,=Tow�+of 5�ghxr, according to the plat tharoof rxorded in
"^+,.F'Volyitr�e,'lsof +�t`atsj� Pa�e d� 6Y^ m8 C,Q�bS Washingron, subject to: Covrnants, ,
Co�diti,pnr Re�stric�ion��Eas� , con, _ in tha Lot Lina Adjustment recoMal
Janifer� I��20D,6aptmd �R�orClin bef 17002764:Agre.ammt and the Temu
and Cond i�t,{ona th f �, e C ��all record� Octobar 1, 1947, under
R o c o r d i n g 1@ty�_1��M 4�24, r d a ofiC �,�o,uh t y Washin g t o n.
[l2 I°Sveet 3W,Aub}im,�A 9$lJ02 ,+�� 1���'
� St' � ; .�` s����
Lott1 2-7815700ZZ5"':`�` .,rY' `� �'� s�,,Y� ,,.M.,µ,���� {�. �
Lots l and 2, Block S, Tmv�i,of.�"fa�fghtqi,�lccor,,�qg ta tha�p:faL�ther�f racorded in
Volume 2 oP Plats, Paga 56, in'�Ging,�owfty�'W.�in�tonC tugeUfer w1t1� that poition of
the vacated allay adJacent iher�o �s �br ;City.t of Au6tu�y�Ord�nan�„Number 5842,
r000rded;q�ler King County Rxord�g Numb�,t,.�200407,680�2 �. S"u6jcct to• p
Easeme�ii mYd�;�!e Terms and Conditions the�"reaerv{d�'thF C'�it�q,�e'lqbwi7,aff�
a portilln of sai'd�.premis� within the vaaated'ktlqr,�for.dStlliqcs,promord�'1W�t 8,�00,4;
unde�� Re�ding;.Number 20040708002028; the q,�ra,map'f and,�the '�em�E's �d
Cohlitio�thfroin;7egarding the right to ereot,pllastors, 'rOqbrd�d QEtob�r ���19,¢.•9,uqdw
�ordip'g� N�mba�3729624. �`
[��I S.�'biviylon��reat,Auburn,WA 96002] nt^_,�-^;: '�'.r'� ,,���''
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;,Lot#:�,.^�7815 3S0 ,1.. .•:. s�.
"�hat portion�No trquarter of the Southeast quarter of Section 13,'I"�ip 21
Nbe�h. Rgp�e;;� E,Ast,� iq,.lGit� County Washtngton, being morg particularly
a�ib�a'� �uo�,;a: ,Eots;;$;rd end tlSa;North half of Lote 7 and 8, B1ock S,Town of
Slaughter,sccqrdirtg•�t6 th�`'�1"at thyr�of rqcor4ed ta. Volume 2 of Plats,page 56,records
ofKingCoumy�,�Westiin,,gtrni� s'� •�:,. ;; ;•''"'••:;
Except that port�lYe�.af sai� Ldt 5 coi�t%ey�d tis the.,.City of Aubum under Recording
Number 20010508002455,:: '•�'•�,.,.r:.,. �' '' .'� '';:'
(Tlw�pwrlon qi'Lo� S'r;Black S, '�rq;.bJ'S�'wgh?er. aC�adlilg.fo�M pfal Ihereqjrocwded M
VoMme7qfPlma,Pqga�,/xoor�qJ;,K7ng.�oun�,.W¢;rhfr��gto�+�¢(prCr76sdmjollowa:8aginnlrtg
m fha aoutlnvest caatr ��!lli�Lol.:S,� 9�noe,+.norlb along !kd'.We.ft:.margln qf aald.Lof.3. a
dlstancs�f 0 fee� The�e aoaAmastetJy m IAb�s'our!{:inm.gln o�G.zp(d LoJ 3A,Tkq�xe xrosr alaag rke
.routh romgln ojaald Lor 1, a dlswbls qJ'1Q featJa �lis pa�'n�QE 6egl�rtfng c'nd co�uatning SO
JQGanthef� •..•.✓�r' f �' �!• ..i� ..M, �.
Together with the South half of tha vacated attap��wdy al�iuing L¢fs 5;6,T:"en¢.8���seid
Bloelc 5, as vacated under Ordinance No 5842 anY�„reL�ordotl uhiler,r'kectipd'ing NuiiWw�
20040708002028; And Together With tha North HafF�of tji�e veoat�f alf'e� way-q�m'pg :;'•�
Lots 3 and 4� of eald Bloek S, as vaaeted under OrdinanCe,.?�Jum,M'er SrB,;�'l a�I�•rekor�d� ��,.,,..
unda Recording Numbar 20040708002028; All Situate in tho C¢unsq pf Kfn��SSet�c�f .- „..;,
Weshingtofl. ''"••'' : =�,...,,:: •w ,• :
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ti� r' :"✓ t 4:�kgk 6,Town of Slaughter, rocorded in Vofume 2 of Plets, Page 56, records of ,
r: '�^v_..d' ,���ng�,"ountji�Washington. '
�,�' ;[2 I��S�oet SE.Aubum,WA 98002] �
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;;, ,�"'.ot�'Bloc,k 6, o�Slaqg�teq�cordad in Vo�ume 2 of Plats, Page 56, reoords of �
i
`^:sKin,�Coiin(y,1�'ash�gloii��r �E" ,..^^�•,�. I
t� r' � r � a; � ��� � �F�; � i
L0�R�� SA���,�, f' r 'ro F S .
Thosa Portio�ps of Lflt"s 1•and ,9Y�k 6, t�laughroer,apcording W the plat thereof '
recorded in V'iYt�M�2 0�'Plat�Pa�56,.j�►� ng,County,Washington,lying Wes[erly of a
line descrlbed as follo' �ginn�bg at°aR�iM,�1n the North 1[ne of said Lot I lying G2.5
Feet Easterly oFthe Tf��akh est Gbme�of,3a'ufr�.otr2;'"tlfronoe Sout `� °00'22" West 29.5
feet; Thonco South 89°5�53"��'�Vest` 19�:`�ee�"�Nena SouQi 00°�'?�" West 75.69 fcet;
Thona South 89°56'19" W�9t 4�.5,� feet � the"'k�lest;;linp��o�`"'said Lot 2; Thence
5outherly along said Wast line�fS fg�t t4,���the So,dthwd�t.:,�or��q�'sa[d Lot 2, being the
terminus of said line, also Imown as"►wt'A�f Gnty of Aub� C�t f�'tsf8'Ar,�ustment�o
Q003-95���ee�tded under King County Recorling IVt�F502 4 �� �': � ,!�
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Lot#9-7815700300 a"°"—.,"•��, ,a' �'� r..,'""�.,.,,.r' ji ,t'' ��
Lot�; Blg�k�;5,'['i}wn of Slaughter, rocordad in Volu�'e..2•ibf J�lat�,.•Page 56���req�rdy of
Ki $CountY�9Was�lingWn. `°� � �,..x �? .a ,+
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I� S.,�ivi�on S�reet] '.•:,,,...� ;'�
�Y.IIt�+1B�.'°1S1S"�'OQ3�S"�"., �°apix`'r' }:,+:' �.r�
�;,F.ot 6;'Bl'ock�;�'own Q�Sl�ugkiter,re�orded i� Volume 2 of Plats, Page 5d,�cords of
I�ing Count�s;'V�'eshi�. :.
u. Nr ,r i�. 's r^v.,.
'+�x.....� ; � 1C `a I,r "•.,.
�tn »—�ei�od��.e :�,: =.
Lot 7, Block G;;Town of�,Sl�ugM�,j�eoo�¢�dn Volumo 2 of Plats, Page 56, records oP
KingCouMY��Sh��n•.' �" ",N. ; `,•
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n S
Lot#12-7815700324 [: •�,...o:... " ` :'•� •`.•
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The North 29.80 feet of Lo(ti8 Nopdi 4d F,ekt gf Lot 8�°Hl�sol�„6, Town of Slaughtcr,
recorded in Volumo 2 of Plab,'pWgo56;'recqxds��'Kifig,�oud�;WAyhington.
jl l5"A"Street SE,Aubum,WA 980Q]] ""^..• t� r'` •.•,. ;;,�.-°.,.
Y� . .S .. .Y .�i �':::
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Lot 1! 13—7815700326 "••�r.,; •'� :'` ,' ;,'* !•"'"1( :`
The South 30.2 feet of thallorUi 60 feet of[:ot`$,.�loc{i 6,',t'owp'of:Slaughse�;"i�brded
in Volume 2 of Plats,Page 56,records of King Couiit�,�°rVe�tiingfon.,�' ,`,���' ;i
[I17°A„Strat SE,Aubum,WA 98001] ::,..�..:r'' .r: r�-� .,'w�l; `• :�`��'"^
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YYt.X14�'701�1lDVJ27 ,�.\. .4�,•, ° .'. �'.��.1Nt�}}f � w 1 .
Lot 8,Block 6,Town of Slaughter,recorded in Volumo 2 of Plats,Page Sb,roi'�rda of;'` ,•�'""�i '� ,d'��~ ��
King County,Washi�gton,Except the Nortli 60 fat thereof. "`ay11n4.r.F1v i�e ,. ',r�+� �
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Exhibit "C" `
Coldwell Banker panforth&Aesoolates OOOmnerolel BroYar� �`' � .
A.00A�uon:ou ���y
333131a1Wey3 ALLflIOHTBP68pRV� �"'�"'� I
Fedazal Wey,WA 88003 ��P�xi i
Phone:(263)B743200 e�mnurve u.w
Fex; 283)838-0780 ft0V•�+�� �
( . peustor4 ' I
I
BXCLUSNEtEASB OR SALE LI9TING AGREEMENT
Thle Agreement is made by and betwean �iy of Aubum ("Ownar°) end �nldwell Benker Cammerolal Dantorth
("Flrm°). Ownar hereby granls to Firm the axoluslva andircavooeble righl toJoesa oaseu end io recelpt for depoep in �
oonneoUon lharewith Owner's aommeralal reel.eatafe legaliy deecribed ae aet forlh on alleohed E�Iblt A end
commonly deecrlbed as�el farth on atteahed e�Ibit A located in Ihe, Clly ot�,1SIt1&Counly,Washingtan(the .
'Properly').
7. DURATIONDF AGREEMENT. This Agreementshell commence on Ihe atteolive dele of Cllv eoorovel,20� �
end ahall expiro a111:69 p.m,on Deoember89,2015.
2, PRiCE ANC TERMS, Owner epreea to I�at lhe Properly et e leaee price of$IEg per ea ft annuallv on a"Triole
P'ba fs and ehali conelder offere thal Inalude Ihe following terma:
7erm of Lease;p7JNmum/Ive f51 veers
Terma: at et Ne
� OWNERAL30AOAEES�70LISTTHEPAOPEAlYPoRSAI.FATAPRICE$780.
S, DEFINRIONS. Aa uaed In thia Agreament,(a)"CBA"ehall mean the Cammerolal Brokera Aesoclatlon;(hj'leaea"
shall mean leaee,aublaaee,aelf,or entar Into e aantraol lo leaea,eubleaee,or sell tha Ptoperhr,and(C)'sAt.�"
SNALL MEANA TRAN9AC710N WHEREBYFEE 7?I.E PROPERTY tNT6REST9 ARE CONVEYEO TO AN07HER PAFTYANO (ADJ
"leasee°ahall Include sub(eessessusr.�ssess,If epplloable,The phraeae"lhis Agreement"and"durinp the term
hereoP Inolude extenxfona w renawals of Ihis Agreement.77iE"ACC�rneteT�larlr/Less�/FURONasEtsHa.t
MEAN AN INDIVtDUAL,ENTfNOR ONOANIZpTlON WHOSE USE 7HE CITY HAS DE7ERMINEO IS CON3fS7F.A?WITH7iS
� COMPREHENSlVEPLANANDIMPLEMHJTlNOREOULATlON3.
A, A6ENCY I DUAL AOENCY. Owner authorizea Firm to eppofnl 9vran Hltler ae Owner'e Listing Brokar.Thla
Agreement areatas an agency relallonahlp Wilh Lisling Broker end ary�ot Flrm'e brokers who eupervlae Lieting
Broker'e parformanoe ae Owner's epent('3uperVlelrig 6roke�"),No other brokere affnlated wlth Flrm ere eger�ta oi
Owner,axaept to lha extanl lhat Flrm,In Ita disoreflon,appnlnte other brokers lo aot on Owner'e 6ehalf ae end
when neadad.
If l6e Property la leased orr soGp to a tensnt repreaenled by one oi Flrm's brokere other lhan Llatlnp Broker
('Tenent'e Broka�,Ownar ooneante to any Buparvleing Brokerwtw also eupervtsea TansnPs 6roker aotir�g as a
dual agent If the Property ia leased oR�IeSOLO io a lenent who Lieting Broker alea repreeents,Ownar oonaente
to LlsUng 9roker and supervlsing Hroker aoUnp ee duai egenls,Pwaz ro rNe�oTrve onre oF rr�+sAoqeenfern, �
9wae�-OwrrER sdntt tHas recelvedtram Lieting Broker tha pamphlet enlilled"The Law oi Reai Eetate Agency.°
If eny of Flrm's brokere aot ae a dual a8en1,Elrm ehall ba entltled to ihe enqre commlaebn peyable under lhle
Agreement plue any addltlonel aompeneatian Firm may hevo negoGated with ihe tenant,
6. PROPERTY OWNER8HIP AND INFORMA7IQN.Owner warrante that Owner hea the dght to SE[L OR lease the
Proparty on 1ha terme sat foAh In thls Agreement,and that the Property la free and alear ol eny enoumbranoas
whlch would interfere therewlth. Ownar also warraMa that tha Informetlon on the Properly Informetlan papea of I
thls Agreement le oorreat. Owner underatands Uiet Flrm and olher memGere of CBA win make repreaQnteUone to f
proapeallvo leseaes based aolery on tha property Iriformallon In ihis Agreement and agreee to Indemniy end hdd '
Flrm end olher membere of CBA harmlessin iha evenl ihe faegoing werrantloe ero Inoorreo4 Owner ! I
acknowiedges recslpt oi a oopy of this Agreement�wlth the Propsrty Informetlon pages of this AOreament Fully �
oompleted, I
8, COMM18810N. Firtn ahali be entltled W e aammiaslon If:(e)Flrm leases or procures a PurtcynseR oR lasaee an �
the terme of thls Agreement,w on ather terme ecaeptebla io Owner;(b)Owner leases oR s�u.s the Property,
WHETHERTHROUQHANYDTHERREAL[9TATEFIRMOROTHERWI9H�AURINOTHETERMOFTHlSAORF.EMEN7'�dlfBBlly�oF� � ''�
�
I
ColdwellBankerDantorth&Assoalatos • M�� � � �
939131atWsy 8 pu.rtroHrsaesexvEU �
Fetlera!Way.WA 08009 ����. ,
Phone:(2b8)874-3200 ���a
Fax:(26S)836-0780 rav.t�++
vwesa�
EXCLU8IVE LEASE OR SALE LISTING AGREEMENT
(CONTINUED)
Ir�lraelly-eFfpreugA-eay-perse�►er-eqtliyslkerEpen�Fl�udq�-lheaeorrtof�i�A�greemer+t�(c}Owners�.�s orr
leaeee the Property,wlthb aM months afler the ezplraUon or eooner lermination af lhls AgreemeM to e perean or
8fllllY t}IA�8UbI11IU8(I 9110(IBf��L6T7ER OF INTENT�OR O7NER(N0J2A710N OF7NTEREST IO pUfOF188B 0�IBBBB 1119 � '
F�roperty duAng lhe term of lhls Agreement or that appears on any ragiskatlon Ilet provided by Flrm pureuanl W �
thie Agreemenl or an"Af�llate"of euoh a pereon a enUly Ihat aubmitted en oHer w lhat eppeere on the
fBg18lfflllOfilleY,PROVlDEDTFfATANYAN0AL4WMPENSATIONSlfALL9ELIMl7ED7C7AMAXBIIUMOF$2b�000.(d}1H6 •
Rwper+yds-made�u�ieaeabla•by-9wae�s-valuptaq�dti-oFfe?•��p�l���'���'enlror-etqepNlse
prevents-Flrm-hom-leaelRg-tHePrepeAy. The aommisalon ehell be oslouleted ee followa:elx fBl oeroenl of atl
a�eca recleotA throunho�t the lerm of lhe flret lwanlv 1201 Veer�et the lease.The Flrme aomoenaeUon wll�be M no
event leas then alx f�naroenl o!env treneYolton Inolud�na a lona term lend leQee oontemqleted In the Aaenov
reement,
Flrm shall submll any repletralion Ilet fo Owner wl1h1a15 deya eker lhe expiradan or soaner tarmineUon ot thie
P�ieement and ehall only Inotude on Ihe re8lshatbn Ilst persona or enUGes lo whosa attentlon lha Properly was
brought tluouah the algns,adverUeing or olher aaUon MFlrrn,or who reoeNedlnformatlon aecured dlrooUy or
Indlreally irom or IhrouBh Flrm during the term of thie Agreement. Owner ahall provlde tYre regls7atlon Ilet to any
olher hrOkers thet aesiat lhe Owner wlth ihls Properly. 'Afflllate"means,wlth reapeot to eny peraon or enUtythat
aubmltled an aNer during ihe lerm of Ihis Agieement or thal appeare on the regietratlon Ilet,e person or entlty
whloh has more Ihan a 70%ownerehip or voting Intereet In euah an entlty cr eny enllry In whlch more then 10%of
the owneraMp or 4oting Intereata ere ovmed or aontrotled by euoh a pereon or enNty,
7. FlRMIMULTIPLE LIBTiNCi. Flrm ahell aauae thle IIaUn9�ba publ3ehad by CBA for dlstributlon to ell CBA
membere through C6A'e Ilating dISVI�uUOn ejietems.Flrm ehall caopera)e wlfh ell olher mombera of C8A In
wotking lowerd the lease of the Property.OWOar understends antl agrees thet alf property IMotmailon oonteinod
In thls Agreement or olherwlae given ro C9A beoompa tha pcoAeriy ot CBA,le not cbnfldentlal,antl wllFbe gtven to
thhd parliee,Including proapeotive leaeeea,ol�er 000peratinp membere of CBA who do not repreeent ttie Owner
and,In some Inetanrsa,may repreeent the lessee and othe�parUea g�antad aooess lo CBA'e Ilsling eyslama.
Owner agreea that Flrm m�redord thle Apreement Raperdlees oF whelher e 000peraUng member la the•firm M
lhe lessee,ORPURCHASFR,the O�vner,nellher w both,the m�nber ahell be enUtled to recelve tha eelling oHloe's
ehare ot lhe commleafon ae dasignated by the IlsQng oifloe.R IS UNDERSTOOD 7HAT CBA IS NOT A PARTY
TO THIB AOREEMENT,AND IT3 90LE FUNCTION IS TO FURNIBH'fHE DESCRIPTNE INFORMATION SEI'
FORTH IN THI9 LISTINO TO 1TS MEMBERS,WITHOUT VEt31FICA710N AND WITHOUT ASSUMMG AN`!
RESPONSIBIUTY FOR 3UCH INFORMATION OR MRESPECT T6 TH1S AGREEMENT.
8. A7TORNEY'8 FEES. In the event elther paAy empioya an alWrney to enforoe eny lerme of lhle Agteemonl end
la suooeeaful,lhe other parry egrees lo pay a reesoneble ettomeys fee and any coate and expeiwes Inourred.In
lhe svent af trlel,venue ehall be In lhe oounty In whlch Iha Proparly fe looaled,and tl�e emouM o(the etmmey'e
tee ehell be ae flxed by lhe oourt.
8. TtRMINATION. 7NEAOREEMENTMAYAE7ERMINA7EDBYEITHERPARTYPoLLOWINONINEN(BOJ.WRITiENNOTIFlCA710N. �
990. ADDITIONAI,TERM8. In addltlon to the Proparly InformeUon pegea of thls Agreament and EkhPolt A(lagal
desarlption),lhe Pollowing amendmanls or addenda{whlak-erealae�tteoqed-keret�are part of ehle ABresmenl: .
' -- 'Ieareoreaente3lnth�AdieameMeres�neblefornoaslbleottloa roleil hot� aenla�lamlNor
fllhar reefdentlel tlovDlonmonl de��slooed In A ^�rdenoe Wilh aodlo8hle and atlooted deslan stendarda and
��in,�inao rh�n uonne xereament an�srs atl noealbie cammo[ala I' tlai ' • I t tt -I
or bv s II EXGEPTIDNB lo lhle Anre�ment ere•!e1 trenoeofiona K�th e aomoanv of Willlame ertd Dame
develoqmenl In0 or Geradlmm lL0 In�*loh o�..°s commiselon u+lll NOT be uaid fo[any transactlon
�n,�n�laheti bv L^lllilerna and Dame Develoom6nt,Ina..Gearodmm.LlC or anv eHlllated It ellher;(b10RV use o►
lande ownod bvJhe 41lviQr2pbll�o na_rk�n_'a:(01 u�Q o� 1 Ilv leh�d nnraoihodzed naFllA�for lamoorerv evo�ls or
- - - looated at 21"steet sE Auuum �NA
, I
Coldwall Bankor Danforth&Aaexiales •a�^"^°'�af0�' � I
nwoa.umwn
399131at Wey 9 nu mc+rrta ncaeavec '
FeQere�Way,WA 88009 !
Phene:(283)8TA.9200 ��,��„N '
Fa�c(269)838�0780 ttw.taon " �
� Pap�901� j
EXCLU8IVE LEA3E OR 3ALE LISTiNCi AOREBMENT i
(CONTINUED)
88002••
i
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:....�...�,.�,..�.................�..,...�.,..�.�.........,......,................,.................,,....,....,,�.�............�.......�...,.....�,�..�,,.,.......,....�..�...�,...,..�.. ,
OW
� _.-�
Qwner/Au ized&ignature Q+M�erlAulhorized Signature
Tltlee ��a✓ �15 Name;,.._,
7HIe^.
Date •12„ Date,__.
P1RM
,Flrm(ComDany)
(OHMs) p) ,
� r� �
u � rized pt er�toitve
ome: �r IL
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ColdwallBankerDenlorthBAsaoolalea p�""�eiak01D � I �
33s131et Way 9 �u,raorrtA"s no01eu-s��meo �
Federel W�+,WA 08903' �P�� ,
PNone:(263)87A-8200 em�roroe w..a �
Fax:(28�898•0780 wr.inmt , '
Papo 4 ara .,
EXGL,USIVE LEASE OR SALE LISTINf;AdREEMENT ' ;
{COMINUED) ; ;
EXHIBIT A
(Legal peeodptlon)
Lot#7-7896700240 � �
1.ot#2-7896700226 I
Lot#8-78167002b0 � !
Lof#6-7816700296 �}. �
Lot ti8-781 6700290 .
Lof�7-T8167002a8
Lot�18-781b700900 '
Lot#10 7B167003p6 ••
Lot�/11 761870031p '.
Lot#12.7816%00328
Lot#13 7876700328
Lot�Fi4 '/818700327
More detetled�egel deearip@ona for the bfs epaclBatl In ExhibR A are provkted In Exhib4 B.
And "For puryioaes hereof, thls L(sting Agreemem shell aleo lnotude paroels located withih fha.kurvblock ares
boundedby Meln Street}ha North;A 8traet 8W to itie Woel,2nd 3treeCSW/SE to the 8outh end A 9heat SE to the
Eaet, that are apbeepuently 4u�chased by fhe Clty du�ing the tarm ot thia Ws@ng Agreament or ariy eictei�elon(s)
thereaf,elang wkh a�ry other 'OUtparoels°Ixated wflhin fhe area depioted on:Exhlbit B("Dnwntown.Redevelopme�rt �
Areay t�at ere subeequently pwrohaaed by:iho Ciry ddrtng the term of thls Liating Agra9ment or arty exteneion(e)
thereof, provWsd thal9�le L(eting Agreement ehail not eppty m any paroeis IdenGRed In thls aeollon Ihet mny be
purohased by tha Clty where�ie parceis ere expresely purchased foc muniWpal purpa9ea"
. '
, " I
�H�s�'�'ffail i
i
Lof#1-7815700240 i
Lots 3 anA 4, Block 5, Town of 5lnughtar, exorcl�ng ro tho plat thercof recordaci in �;
Volume 2 oF Plats, paga Sfi, ln IUiig Counly, Washington, subJect to: Covenante, ;
Conditions,Rostrictlons xnd Euse�nepte oontatned tn tha,Lot Lino Ac(justmeut recordod . ,
Januaty 17,2006,under Recordfug Niunber 20060117002764;Agraement and the Terms '
and Condltiona thoceoF ragerding the Common Wall reoorAed Ooto6er 1, 1947, nnder ,
R000rding Numbar 3729624,reoords of Ktng Coun�y Weshinghin.
[121"Street S W,Auhurn,WA 98002J
r�otua-�sls7ao2as
Lota 1 and 2, Blook 5, Tocvn nf Staughter, secording to tHe piat thereof recorded in
Volume 2 of Plate,page 56, in King Counry, ��1}togron;togelha with thnt po��lon of
the vaostod nlley adJacent tlioxeto;ae per City of Aubum OxdinAnca Number 5842,
reaarcled undar King Counry Racording Number 2Q040705002028. Subjoot to: Tha
Sssamaut and dia Terms end Caiditions tlierein reserved by U�a City ofAubum af&cdng
a portlon of said premi�s wttliln t�e vaoated alley for utilities,rocorded Juty 8,2004,
uador Reoording Numbar 200407Q8002028; ihe Agrooment and tfie Tarms �id
Condittous thareln ragarding tho rlght tn ereot pilastore,reaorded Oocobar 1, 1947,under
Recording Nuinber:372962�1.
[IO15,Divlaton Skeat,A.uburrc,WA 98002]
i,ot#3-7815700250
Tlrat portton of tha Northanst quarter of lha Soutfieaat quarter of Saction 13,Townahip 21
'AIorth, Range 4 Bast, NM, Jn King County Washington, being ,moce psrticnla�ly
dasoribad as followe: I.ota 5, 6 snd tha North haif oP Lots 7 and 6,Htook 5,Town of
Slsughter,accordipg to the plat thereof rocotdad in.Volume 2 of Plats,page 56,recorda
of K1ng Cflunty,4Vnshington,
Exoept t�ai portion of said Lot 5 oopyeyed ta tha Ci�y of Auburn uader Reoording
Nutnbar20D1DS08002955,
(TpM par�lo�i qjlol�S, Bhrck 5. Tmvn q/SlanSMer,aao�'dDB!o�Ae plaf fheNOf wcordei!l�i
Yohrnm7 qfPlat�page S6,rocads qlK6igCounqs IVnaMngron,desoA6ed aaJollmr�r Beglnnitig
p!1ha.sou�Mvest aon+ar�'sald Lot S, Thedee irorth 'along�Ae iYea�n+a+8hr q�aafd.LoL$ n
Alamnca qf 10,/eo6 7l,snce sartliaasru�fy to Oro soufLmarg/u�qfardALo!S,7Yiarrca uvs!aloqg O�e
aoulh.inrtrgM�qf arttd Lot�S, a dGsfm+ro qf70 feef 101ha pohN�4qgMuing aiul coMaMhrp�SO �
aqnara.l�U
Tagether with tha South l�alf of tfie veonted alloy wnY aYutting Lots 5,6,7 and 8,oFeald
Blook 5, ss vacated bndor Ocdlnance No SSA2 add recordcd undor Racordtng Number
200407080�2028;Putd Togother VVlth tha No,rth lislf oPtha vacated alLey waY abutting
Lota 3 and 4,of ssid Block S,as vacRtecl imdar O�dineneo Numba•5642 dnd reoorded
uuder Recotding Numbar 20040708062028, All Shuaro!n tl}o Couuty of King,State of
Wnshington. '
i �
• i
_ . . . ;
1,at Ik S—7815700294
Lot 4, Blaok 6,Trnvn of Slxughter,xeoarded tn Volwne 2 of Plats, Nflge 56,records oP
Ki��County,Waehington.
[2 t Streel SB,Aubum,WA 980021
H.u4#6—7813700Z90
4ot 3,61ook 6,Tawn of Slaughtar,recorded in Valuma 2 of Plata, Page 56,xeoords of
King Couuty,Washington.
Lat;�7—78I87002@S
Those Porltons of Lots I and 2,Block 6,Town oPSlnughter,eccoxdingto tlia platthareof
4rocorded in Valame 1 oFPlats,pflgo S6,in King Counry,Weahingtnn,lying Wosterty of s =
line desodtied as foltowa:Beginning at n point on tha NoMh Ilno of eaid Lot 17y1ng 62.4 f
f�ct Eastu•ly oP the Northwast Comer of sald Lat 2;7'tience South 00°00'22"West 29,3
fbat;Thanca 3outh 89°56'S3" Wast'l9 iteh,Th�nco 3outh 00°00'22"Wost 75.69 feaq
Thonco South 89°56'19" West 43.32 tbot to the West lino of said Lot 2; TFienca
9outharly along apid West lhta 15 Ret to t1�e Sguthwast corner of said Lot 2, bah�g tha
tcnninus of said lina,also known as Lot A of Clly of Aubu�n Lot Line Ac�ustmant No
0003-95,rxorded nnd�Ktng County Reooiding No 950216D960. �
LM�9—7815706300 �
Loti,Bioak 6,Town of Sinughter,recorcied In Volnma 2 of Plata,Pago 5G,reaonis of
King County,Washingtan.
[122 S�Dfvleton StreafJ
Iqt�P 1D-7815700303
l,ot 6,Bbak 6,Town pF Sleughter:recorded in Voluma 2 oP Plate,Page 56, rocarcls of
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20140211000893 001
FIRST AMERICAN
II III�II�III�IIIIIIII�III Rllil�ll�llll I��II�III
20140211000893
FIRST AMERICAN OPT 78.00
Return Address: PACE-001 of eas
Auburn City Clerk KINGICOUNTY.Auburn
City of Auburn
25 West Main St.
Auburn, WA 98001
RECORDER'S COVER SHEET
Document Title(s) (or transactions contained therein):
Addendum No. 1 to Option to Purchase Real Estate
Reference Number(s) of Documents KC 20111227000172
OAdditional reference Ws on page of document
Grantor(s)/Borrower(s) (Last name first, then first name and initials)
Auburn, City of
Grantee/Assignee/Beneficiary: (Last name first) 00L1RT.F;VSS00RBmr0n
1. Ceradimm, LLC M WMILM FOR VALMrrYAND/Un
iIACURACYASSUMED BY FIRST AMERICAN
4S9'I.$A`9 MC^c C04PAW
Legal Description (abbreviated: i.e. lot, block, plat or section, township, range)
❑Additional legal is on page of document.
Assessor's Property Tax Parcel/Account Number
7815700240, 7815700225, 7815700250, 7815700295, 7815700290, 7815700285,
7815700300, 7815700305, 7815700310, 7815700325, 7815700326, 7815700327
❑Assessor Tax a not yet assigned
20140211000893.002
ADDENDUM NO 1.
ADDENDUM TO OPTION TO PURCHASE REAL ESTATE
THIS ADDENDUM is made and entered into on the date subscribed below,by and between
CERADEM M,LLC("Ceradimm"),a Limited Liability Corporation of the State of Washington,and
the CITY OF AUBURN,a municipal corporation of the State of Washington(hereinafter referred to
as"Auburn"),as an addendum-to the Option Agreement between the parties for the purchase of real
property executed on the 5's day of December,2011 ("Original Agreement").
RECITALS:
1.The parties entered into an Option to Purchase Real Property,which Option provided that
Ceradimm could purchase certain City-owned parcels.
2. By Resolution No. 5014,adopted by the Auburn City Council on December 2, 2013,the
City Council decided to extend the time period for the Option until December 31,2015.
NOW THEREFORE in consideration of their mutual covenants,conditions and promises,the
PARTIES AGREE as follows:
1. The 6h paragraph of Section 2 of the Original Agreement is amended to read as follows:
For the purposes hereof,including the Developer's Rights/Options to Purchase or Lease,
as described herein below, "City Owned Parcels"shall also include parcels located within the
four-block area bounded by Main Street to the North, A Street SW to the West, 2nd Street
SW/SE to the South and A Street SE to the East,that are subsequently purchased by the
GRANTOR during the term of this Agreement or any extension(s) thereof,and may include
other"Outparcels"located within the area depicted in Exhibit'B"("Downtown Redevelopment
Area")that are subsequently purchased by the GRANTOR during the term of this Agreement or
any extension(s)thereof; p Provided that"City Owned Parcels"shall not include parcels that
may be purchased by the GRANTOR within the identified target areas where the parcels are
expressly purchased for municipal purposes. Further provided, that this Listing Agreement shall
not apply to any parcels depicted on Exhibit B that are located north of West or East Main Street
2. REMAINING TERMS UNCHANGED: That all other provisions of the Original
Agreement shall remain unchanged, and in full force and effect.
Page 1
20140211000891003
STATE OF WASHINGTON )
)ss.
County of King )
I certify that I know or have satisfactory evidence that Peter B. Lewis is the person who appeared
before me,and said person acknowledged that he signed this instrument,on oath stated that he was
authorized to execute the instrument and acknowledged it as the Mayor of the City of Auburn, a
Washington municipal corporation;-to be the free and voluntary act of such party for the uses and
purposes mentioned in this instrument.
Dated ����aa�ela'an
.IJN K. 6
Notary Public in and for the State of Washington fM1ssiotiq?s��'',
n
residing at �O 00Z
My appointment expires G, �c,�t _ i - .4 SS
4y '1,vO BtIG y
O�' � t0
Page 3
20140211000893 004
IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the day and
year first above written.
TY O RN CERADIMM, LLC
ICI 10 t3
Qt-
Peter B. Lewis Date Emma Alpert,Manager Date
Auburn Mayor
Attest:
Danielle Daskam,
Auburn City Clerk
Approve to fo
Danie B. Hei
Auburn City Attorney
STATE OF Q S )
)SS.
County of (�)Q.Na S )
I certify that I know or have satisfactory evidence that Emma Alpert is the person who appeared
before me,and said person acknowledged that she signed this instrument,on oath stated that he/she
was authorized to execute the instrument and acknowledged it as the Manager of Ceradimm,LLC,a
Washington Limited Liability Company,to be the free and voluntary act of such p for the uses
and purposes mentioned in this instrument.
Dated Dec . wr Doi 3 ,.,,
,r.:• •rr ANA G,State 2
Notary Public in and for the Slate of Te)Cl.2$ � � Notary public,State of Texas
My appointment expires Nkau 03, 27014 MV Commission
Y0 Expires
MOY 03,Page 2
0
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m
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N .3 n �l o r. •' i„w:.v we s i
S C� L7C�1I o V I$ 1 2 ! 6 7 v -- Safeway .r_.. o�1 7M�OM40
x V Transit Iv� t. _ •sa•- 4 L MISR=
5 U,w � -"(' Y [�d Center 7 m❑ fo'1�V 10 11�A° _ _ °� r 7MS70=
I' lil t :.�:. r 5: 781.
10�9!
it
fi2ND-ST SW -T. — �It—r, W, r7MS7
e Q 9 t u, _ �� •° -a �I o .,II —=�1 ,a 10t 7711137
It: M57=0
It 751VMM
III: 7815MM
pa 114 71"Snow
0 80 160 240 320
Douamwa Redevelopmem Nee }+ Buildings FEET Printed On: 12/12111 e
Map ID:3849
s
�l�
information shown h for general reference purposes
1*Ils Fargo Block i I Parcels pnty and does not necessarily represent exact
LJ geographic or cartographic data as mapped. The
City of Auburn makes no warranty as to its accuracy.
ADDENDUM NO 1.
ADDENDUM TO MEMORANDUM OF AGREEMENT
THIS ADDENDUM is made and entered into on the date subscribed below,by and between
CERADIMM,LLC("Ceradimm"),a Limited Liability Corporation of the State of Washington,and
the CITY OF AUBURN,a municipal corporation of the State of Washington(hereinafter referred to
as "Auburn"), as an addendum to the Agreement between the parties for Downtown Property
Development executed on the 5th day of December, 2011 ("Original Agreement').
RECITALS.
1. The parties entered into Memorandum of Agreement for Downtown Property
Development,which Memorandum provided that Ceradimm would assist the City in development of
the downtown area colloquially referred to as"Auburn Junction."
2. By Resolution No.5014,adopted by the Auburn City Council on December 2,2013,
the City Council decided to extend the time period for the services to be provided under
Memorandum until December 31, 2015.
NOW THEREFORE in consideration of their mutual covenants,conditions and promises,the
PARTIES AGREE as follows:
1. The Third paragraph of the Original Agreement is amended to read as follows:
Additionally, if requested by the City, you shall assist and advise the City with the planning and
potential third party funding for a cultural arts center or other public facility(collectively,the"public
Facility")to be potentially developed independently in conjunction with he development of the City
property or properties,or elsewhere in downtown Auburn.Should such Public Facility be so planned
by December 31,20132015,and if such Public Facility is fully funded and developed by the City,
you shall be entitled to a fee equal to 1.5%of the total capital costs of such Public Facility project.
2. REMAINING TERMS UNCHANGED: That all other provisions of the Original
Agreement shall remain unchanged, and in full force and effect.
Page 1
ti
IN WITNI-SS WHEREOF the parties hereto have executed this Agreement as of the day and
year written WOW.
CI'T'Y OF AUBURN l:L1ta tIM!vI, LLC'
Ul 201
Peter B. Lewis Date Emma Alpert, Manager Date
Aubum Mayor
Attest
Danielle Uatikam,
Auburn City Clerk
Approved as to form:
xw�-�,
Daniel B. Heid
Auburn City Attorney
Page 2
I