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HomeMy WebLinkAbout5083 (2) RESOLUTION NO. 5 0 8 3 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AUBURN, WASHINGTON, AUTHORIZING THE ACQUISITION OF INTERESTS IN REAL PROPERTY IN SUPPORT OF THE MILL CREEK 5K REACH RESTORATION PROJECT AND RATIFYING AND CONFIRMING PRIOR ACTS WHEREAS, the Auburn City Council finds that restoration of that portion of Mill Creek located within the City will benefit the citizens of Auburn by enhancing flood control within the City and by improving fish habitat; and WHEREAS, the Auburn City Council previously adopted Resolution No. 4558 authorizing the execution of a Design Agreement between the City of Auburn and the Department of the Army for design of the Mill Creek Wetland 5K Green Duwamish Ecosystem Restoration Project on February 12, 2010; and WHEREAS, the design construction of the Mill Creek Wetland 5K Green Duwamish Ecosystem Restoration Project has been completed under the Design Agreement; and WHEREAS, the U.S. Army Corps of Engineers has received federal funding to complete the design for the Mill Creek Wetland 5K Green Duwamish Ecosystem Restoration Project and construct the project; and WHEREAS, under the Water Resources Development Act of 1986, local governments wishing to have such projects constructed within their jurisdictions must contribute a portion of the project design costs; and WHEREAS, the City of Auburn has included the Mill Creek Wetland 5K Reach restoration project in its 2014-2019 Capital Facility Plan; and ---------------------------- Resolution No. 5083 July 15, 2014 Page 1 of 3 WHEREAS, in connection with this project, it is appropriate that the City acquire property interests and easement interests to accomplish the Mill Creek 5K Reach Restoration Project. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF AUBURN, HEREBY RESOLVES as follows: Section 1. That the Mayor is hereby authorized to complete the acquisition of a fee interest in real property from Willis M. Calhoun and Carolyn M. Calhoun, d/b/a Calhoun Investment Company, a sole proprietorship, for tax parcels 122104-9007-01, 122104-9037-05, 122104-9038-04, and 122104-9039- 03, as set forth in substantial conformity with the Purchase and Sale Agreement attached hereto as Exhibit A.. Section 2. That the Mayor is hereby authorized to complete the acquisition of a fee interest in real property from the Washington State Department of Transportation, for property indentified as I/C/ Number 1-17- 10167, as set forth in substantial conformity with the Surplus Real Estate Purchase Form attached hereto as Exhibit B, or such other form or forms as would bind the Washington State Department of Transportation as seller thereof. Section 3. That the Mayor is hereby authorized to complete the acquisition of an Easement for Stream Relocation, Wetland, and Stream Restoration and Conservation from SCG White River Corporate Park, LLC, a Delaware Limited Liability Company, over tax parcel 122104-9035 as set forth in substantial conformity the Easement document attached hereto as Exhibit C. ---------------------------- Resolution No. 5083 July 15, 2014 Page 2 of 3 Section 4. That all prior acts consistent with this Resolution, and in furtherance hereof, are hereby ratified and confirmed. Section 5. That the Mayor is authorized to implement such administrative procedures, and to take such additional administrative actions, as may be necessary to carry out the directives of this legislation. Section 6. That this Resolution shall take effect and be in full force upon passage and signatures hereon. Dated and Signed this day of 2014. CIT OF AUBURN NANCY US, MAYOR ATTEST: C Da 'elle E. Daskam, City Clerk APPROVED - TO FORM: X52 1 Dbeiel B. Heid-City At orne Resolution No 5083 July 15, 2014 Page 3 of 3 20140815000154 STEWART TITLE WD 74.00 PAGE-001 OF 003 08/15/2014 09:43 KING COUNTY, WA et=Address E2684918 ..city of - P.T '-PC! rL F 08/15/2024 09:40 KING COUNTY, WA X 18 905.00 25 W it Miin TA W S14LE $5 0:000.60 PAGE-001 OF 001 A� A 98001 :, 41 Above,ttojineresqtv- r mror d"in g information. W "ANTY DEED Referince#.(if ap P licable): ........ Grantors::' Willis M.Calhoun and CVolyn M.Calhoun d/b/a/ Cilhc bv on. tqdnpany Grantee: C f Aub Legal Descriptiorys` :-.`.': L6is 2,3 4'141d"Tr6ic' t City of Auburn Short::Plat Mimher ST-2-861 recorded under Recording Num 8 ber 606050396 Assessor's Tax Parcel ID#: 1221.049037 12Z' .1049038;--122104903.19, l2,2lOi9OO7 'or end i:h consideration of the sum of TEN D0LLA'RS:(f10-,00)ind-:othqr good and id valuable consideration, receipt of which is hereby ackhqw1edged, Grahtom-,* Willis M. Calhou'n au'd Carolyn M. Calhoun, husband and wife;*d/,b/&.:-Ca1-houh Investment ' Company:, a sole proprietorship, hereby conveys and warrants to the C4 of Auburn, a m cip ts:*successors and uiii ' M corporation of-the State of Washington, Grantee herein, I assigns, the prpperty..Iegally described and depicted in Exhibit "A," attached hereto and -incorporated hertio'by-ibis'reference(the"Property"). IN WITNESS WHEREOF, the-parties have caused this instrument to be executed this 13'h day of August,201'4. Grantors: 401. Willis M. Ca hours Car6lynk Calhoun Date Signed: 08/13/2014 Dite Signed: 0$/13/2.014 STATE OF WASHINGTON )ss. County of.King I certify that I 'know or have satisfactory evidence that Willis M. Calhoun is the person who ared before mei-a-rid appe, he acknowledged that he signed this instrument as his free and voluntary act.for the usds,aM purposes mentioned in this instrument. Patcd., August 13;`201;4 V 77 Notary Public iq and for thd State of WA Notary C►ublic ding at. State of Washingloo residing ANYA WRIGHT Iv4y ap pointment expires My Appointment Expires iliftl4,2017, STATE OF`WA;SHINGTON )ss. County of King I certify that I "ow"or have satisfactory evidence that Car6lyn tii. Calhoun isAe-person who appeared before me, and she acknowledged that she signed this instrument her~free and voluntary"act for the..-uses and purposes mentioned in this instrument. ............ Pated:'August 13. 2014 V Notary Public i%and forte State of WA Notary .--ii§iding at M69, 4 Pubi,it $t6f*:Rf My"appqintmint expiris-_ ARYAVRIG"T.,: My Appointment Expires j&n 24120,1,7. _,wow ........... EXHIBIT A LEGAL DESCRIPTION LOTS 2,3.;4'AND TRACT"B"ALL OF CITY OF AUBURN SHORT PLAT NUMBER SP-2-86, ACCORDING TO THE SHORT PLAT RECORDED JUNE 5, 1986 UNDER RECORDING NUMBER 8606650396, RECORQS:.OF KING COUNTY,WASHINGTON. SITUATE IN THt'COUNTY OF. KING,-'STA'T�':.OF WASHINGTON. L PURCHASE AND SALE AGREEMENT This PURCHASE AND SALE AGREEMENT ("Agreement") is entered into as of the -2—1 s'day of T , 2014, by and between the CITY OF AUBURN, a Washington municipal corporation, as Seller ( "City" or "Buyer"), and Willis M. Calhoun and Carolyn M. Calhoun d/b/a/ Calhoun Investment Company, a sole proprietorship (hereinafter the "Seller"). RECITALS A. The Seller is the owner of certain real property and all improvements thereon ("Property") located in the City of Auburn, County of King, Washington, commonly known as the Calhoun property, which is legally described as follows: Lots 2, 3, 4 and Tract "B" of City of Auburn Short Plat Number SP-2-86, recorded under Recording Number 8606050395 B. Seller desires to sell the Property to City, on the terms and conditions set forth herein. AGREEMENT NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby mutually acknowledged, Buyer and Seller hereby agree as follows: 1. Certain Defined Terms. For purposes of this Agreement, the terms set forth below shall have the meaning assigned to them: 1.1 "Closing" or "Close of Escrow" means the recordation of the Deed in the Official Records and Seller's receipt of the Purchase Price. 1.2 "Closing Date"means any mutually agreeable date on or before August 15, 2014. 1.3 "Escrow" means the escrow opened with Escrow Agent for the consummation of the transaction described in this Agreement. 1.4 `Escrow Agent" means Natalie Evans of Stewart Title Company (206.770.8821) whose address is 1420 5th Avenue, Suite 500, Seattle, WA 98 10 1. 1.5 "Official Records" means the official real property records of King County, Washington. 1.6 "Opening of Escrow" means the date a fully executed copy of this Agreement is deposited with Escrow Agent. Calhoun Property Acquisition 7.09.14 Page 1 of 15 1.7 "Mutual Acceptance" shall mean the date when the last counteroffer is signed by the offeree, and the fully-signed counteroffer has been received by the offeror, his or her broker, or the licensed office of the broker. No acceptance, offer or counteroffer from the Buyer is effective until a signed copy is received by the Seller. No acceptance, offer or counteroffer from the Seller is effective until a signed copy is received by the Buyer. Either party may withdraw its offer/counteroffer upon written notice delivered to the other party at any time prior to Mutual Acceptance 1.8 "Permitted Exceptions"has the meaning as set forth in Section 5.3 below. 1.9 "Purchase Price"has the meaning as set forth in Section 3. 1.10 "Title Company"means Stewart Title Company. 1.11 "Title Policy" means a standard coverage owner's policy of title insurance issued by the Title Company to Buyer with coverage in the amount of purchase price, showing title to the Property vested in Buyer subject only to the Permitted Exceptions. 2. Purchase and Sale. The Seller agrees to sell to City, and City agrees to purchase from Seller, the Property upon the terms and conditions set forth in this Agreement. Title to the Property shall be conveyed by a Statutory Warranty Deed in the form attached hereto as Exhibit A (the "Deed"), subject only to the permitted exceptions set forth in Section 5.3. 3. Purchase Price; Cash Payment. The total purchase price for the Property (the "Purchase Price") shall be Five Hundred Thousand Dollars and no cents ($500,000.00). Payment shall be made via a wire transfer or check for Two Hundred Fifty Thousand Dollars and no cents ($250,000.00), and a Promissory Note in the form attached as Exhibit B for Two Hundred Fifty Thousand Dollars and no cents ($250,000.00), payable on January 15, 2015. 4. Earnest Money Deposit. On execution of this Agreement, Buyer shall deposit with Escrow Agent One Thousand Dollars and no cents ($1,000.00) in cash (the "Deposit"), which shall be held by Escrow Agent as an earnest money deposit hereunder. The Deposit shall be held in Escrow and applied or disposed of by Escrow Agent as provided herein. Escrow Agent shall place the Deposit in an interest-bearing account approved by City and Buyer and all interest earned thereon shall be added to and become a part of the Deposit. 5. Due Diligence. 5.1 Due Diligence Contingency. Buyer shall have the right for a period of ten (10) days commencing on the date of Mutual Acceptance of the Agreement (the "Due Diligence Calhoun Property Acquisition 7.09.14 Page 2 of 15 Period") to conduct Buyer's due diligence review, examination and inspection of all matters pertaining to its acquisition of the Property, including such inspections, tests, and surveys as Buyer deems appropriate to determine the suitability of the Property for Buyer's intended use; and including such appraisals, comparisons, and valuations as Buyer deems appropriate to determine the suitability of the Purchase Price. Buyer's obligation to purchase the Property shall be contingent upon its approval of such Property after conducting its due diligence review (the"Due Diligence Contingency"). (a) Approval & Waiver of Due Diligence. If, based upon Buyer's review, examination and inspection, Buyer shall determine in its sole discretion that it intends to acquire the Property, then Buyer shall promptly notify Seller of such determination in writing prior to the expiration of the Due Diligence Period, whereupon Buyer's Due Diligence Contingency shall be deemed satisfied and waived, the Earnest Money shall become nonrefundable (except as otherwise expressly provided in this Agreement), and Buyer shall proceed to Closing. (b) Disapproval & Exercise of Due Diligence Contingency. If Buyer deems the Property to be unsatisfactory as a result of any of the above inspections in Buyer's sole and absolute discretion, or if Seller fails to provide Buyer with any of the items required to be provided by Seller to Buyer under this Section, on condition that Buyer turn s over to Seller a full and complete copy of all studies, investigations, surveys, tests, and other written reports performed by Buyer and/or its agents during the Due Diligence Period in Buyer's possession, then Buyer may terminate this Agreement in writing at any time during the Due Diligence Period, in which event the Earnest Money shall be returned to Buyer as Buyer's sole and exclusive remedy. If Buyer fails to timely provide Seller such written notice of Buyer termination under the Due Diligence Contingency, then Buyer shall (i) be deemed to have approved its Due Diligence, (ii) proceed to Closing, and (iii) the Earnest Money shall be nonrefundable (except as otherwise expressly provided under this Agreement). 5.2 Title. 5.2.1 Condition of Title. Unless otherwise specified in this Agreement, title to the Property shall be marketable at Closing. The following shall not cause the title to be unmarketable: rights, reservations, covenants, conditions and restrictions, presently of record and general to the area; easements and encroachments, not materially affecting the value of or unduly interfering with Buyer's reasonable use of the Property; and reserved oil and/or mining rights. Monetary encumbrances or liens not assumed by Buyer, shall be paid or discharged by Seller on or before Closing; provided that, Seller shall not be required to incur any out-of-pocket expenses or liability other than payment of monetary encumbrances or liens not assumed by Buyer, and proration of real property taxes. 5.2.2 Title Commitment. Promptly after mutual execution of this Agreement, at Buyer's sole cost and expense, Buyer may obtain a standard coverage owner's policy of preliminary title insurance cominitment covering the Property from the Title Company Calhoun Property Acquisition 7.09.14 Page 3 of 15 (the "Commitment") together with copies of all recorded documents listed as special exceptions therein. Buyer shall pay any title cancellation fee(s), in the event such a fee is assessed. Approval by Buyer of the exceptions to title set forth in the Commitment(other than as hereinafter set forth) shall be a condition precedent to Buyer's obligation to purchase the Property; PROVIDED THAT, unless Buyer gives written notice that it disapproves the exceptions to title shown on the Commitment (other than the exceptions to title approved by Buyer and described in Section 5.3 below), stating the exceptions so disapproved, not later than August 8, 2014, Buyer shall be deemed to have approved such exceptions. If any new title matters are disclosed in a supplemental title report, then the preceding termination, objection and waiver provisions shall apply to the new title matters except that Buyer's notice of objections must be delivered within three (3) days of delivery of the supplemental report and Seller's response or Buyer's waiver must be delivered within three (3) days of Buyer's notice of objections. The Closing Date shall be extended to the extent necessary to permit time for these notices. If Buyer disapproves any title exceptions, Seller shall have a three (3) day period after its receipt of Buyer's written notice of disapproval of the same within which to provide written notice to Buyer as to which of such disapproved title exceptions the Seller agrees to remove (or cause to be removed) from title; provided that, to the extent Seller agrees to remove such exception(s), Seller shall not be required to actually remove such exception(s) until Closing. If, for any reason, Seller's notice given pursuant to the immediately preceding sentence does not covenant to remove all of Buyer's disapproved title exceptions at or prior to Closing, Buyer shall have the right to terminate this Agreement by written notice to Seller and Escrow Agent given within two (2) days after the earlier of the expiration of such two (2) day period or the date Seller informs Buyer that it does not intend to remove the disapproved items (the "Tennination Notice"). Buyer's failure to deliver the Termination Notice within such two (2) day period shall be deemed Buyer's approval of any such previously disapproved title exception. If Buyer delivers the Termination Notice within such two (2) day period, the obligation of Seller to sell, and Buyer to buy, the Property as herein provided shall terminate and the Earnest Money shall be returned to Buyer. Buyer shall have the option to waive the condition precedent set forth in this Section by written notice to Seller. In the event of such waiver, such condition precedent shall be deemed satisfied. 5.3 Permitted Exceptions. In addition to such other exceptions to title as may be approved by Buyer pursuant to the provisions of Section 5.2 above, Buyer shall accept title to the Property subject to the following (collectively, the "Permitted Exceptions"): 5.3.1 The printed exceptions which appear in the standard coverage owner's policy of title insurance issued by Title Company in the State of Washington; and items created by, or on behalf of, Buyer. Calhoun Property Acquisition 7.09.14 Page 4 of 15 5.4 No New Leases or Contracts. Prior to Closing, Seller shall not enter into any new leases, contracts or agreements affecting the Property without the prior written consent of Buyer, except the Seller may enter into interim contracts or agreements in connection 'With the management, maintenance, repair or preservation of the Property in the normal course of business if each such contract or agreement expires or is tenninated at or prior to Closing. 6. Buyer's Right of Entry. Buyer, and its agents and consultants, at Buyer's sole expense and risk, may enter the Property during the term of this Agreement at reasonable times scheduled in advance with Seller for the purpose of Buyer's due diligence study of- the Property. Buyer shall (a) exercise care at all times on or about the Property, and (b) take precautions for the prevention of injury to persons or damage to property on or about the Property. Buyer shall keep the Property free from all mechanics', materialmen's and other liens, and all claims thereof, arising from any work or labor done, services performed, or materials and supplies furnished in with Buyer's actions in the exercise of its right of entry on the Property, and Buyer shall indemnify and defend Seller against and hold Seller harmless from all such liens and claims. 7. Closing. 7.1 Time for Closing. This purchase and sale shall be closed in the office of Escrow Agent on the Closing Date. Buyer and Seller shall deposit in Escrow with Escrow Agent by 12:00 p.m. all instruments, documents and monies necessary to complete the sale in accordance with this Agreement. Funds held in reserve accounts pursuant to escrow instructions shall be deemed, for purposes of this definition, as available for disbursement to Seller. 7.2 Closing Costs. 7.2.1 Seller's Costs. Seller shall pay any commissions due to its brokers or agents. 7.2.2 Buyer's Costs. Buyer shall pay (a) all escrow fees and costs, (b) the recording fees for the Deed, (c) Buyer's and Seller's share of prorations, if any and, (d) all premiums charged. for basic coverage for the Title Policy and any additional endorsements or coverage Buyer may require, including applicable sales tax. 7.2.3 Other Costs. Buyer and Seller shall each pay its own legal fees and fees of its own consultants. All other costs and expenses shall be paid by Buyer. 7.3 Real Property Taxation. Seller shall be responsible for all real property taxes due and owing prior to the Closing. 7.4 Closing Documents. Calhoun Property Acquisition 7.09.14 Page 5of15 7.4.1 Seller's Documents. At Closing, Seller shall deliver to Escrow Agent the following instruments and documents: 7.4.1.1 The executed and acknowledged Deed in the form attached hereto as Exhibit"A," conveying the Property to Buyer; 7.4.1.2 The executed real estate excise tax affidavit to accompany the Deed; and 7.4.1.3 An executed nonforeign person affidavit in the form required under Section 1445 of the Internal Revenue Code. 7.4.2 Buyer's Documents. At Closing, Buyer shall deliver to Escrow Agent the following funds, instruments and documents: 7.4.2.1 The balance of the Cash Purchase Price in accordance with Section 3; 7.4.2.2 An executed Promissory Note in the form attached hereto as Exhibit"B." 7.4.2.3 The executed real estate excise tax affidavit referenced in Section 8.4.1.2 above. 7.5. Possession. Buyer shall be entitled to possession of the Property upon Closing. 7.6 Buyer's Conditions for Closing. Notwithstanding any other provision of this Agreement, Buyer shall not be required to purchase the property unless all of the following conditions are satisfied: 7.6.1 Execution of Green/Duwamish Mill Creek Wetland 5k Partnership Project Agreement between the City of Auburn and the U.S. Army Corps of Engineers; 7.6.2 Written confirmation from the Washington State Department of Transportation that it has received and accepted the City's request to purchase Tax Parcel No. 122104- 9011-05. 7.6.3. Adoption of a Resolution of the Auburn City Council approving the purchase and ratifying and confirming the Mayor's actions in connection with this Agreement. S. Reserved. 9. Title Insurance. As soon as available after Closing, Buyer shall obtain the Title Policy, dated as of the Closing Date, subject only to the Permitted Exceptions. 10. Representations and Warranties. Calhoun Property Acquisition 7.09.14 Page 6of15 10.1 Seller's Representations and Warranties. In addition to any other representations or warranties of City elsewhere in this Agreement, Seller represents and warrants to Buyer now, and as of the Date of Closing, that: 10.1.1 Authority. That the Seller has full power and authority to execute this Agreement and perform Seller's obligations hereunder, and all necessary action to authorize this transaction has been taken, except as specifically provided herein. 10.1.2 Hazardous Substances. Seller has not received notification of any kind from any governmental agency suggesting that the Property is or may be targeted for a Hazardous Substances cleanup; to the best of Seller's knowledge the Property has not been used (a) for the storage, disposal or discharge of oil, solvents, fuel, chemicals or any type of toxic, dangerous, hazardous or biological waste or substance (collectively, "Hazardous Substances"), or (b) as a landfill or waste disposal site; to the best of Seller's knowledge the Property has not been contaminated with any Hazardous Substances; and to the best of Seller's knowledge, there are no underground storage tanks on the Property. 10.3 Tax and other Legal Consequences. 10.3.1 Seller has requested that payment be made via an initial cash payment, and a promissory note that is due in 2015. Seller acknowledges that all prorations, taxes, and other payments will be deducted at closing. 10.3.2 Seller acknowledges that Buyer has made no representations regarding the tax consequence or any other legal effects upon Seller based on Seller's requested payment method. 10.3.3. Seller acknowledges that Buyer has recommended that Seller consult with independent legal counsel of Seller's own choosing regarding this Agreement, and that Buyer has specifically recommended that Seller seek independent legal and tax accounting advice regarding Seller's requested payment method. 10.3.2 Seller will defend, indemnify and hold Buyer and Escrow Agent harmless from any claims resulting from this payment distribution instruction. This Section 10.3 shall survive using. Seller's Initials 10.2 Buyer's Representations and Warranties. In addition to any other representations and warranties of Buyer elsewhere in this Agreement, Buyer represents and warrants to Seller now, and as of the Date of Closing that, subject to Section 7.6.3 of this Agreement (a) Buyer has full power to execute, deliver and carry out the teens and provisions of this Agreement, and has taken all necessary action to authorize the execution, delivery and performance of this Agreement; and (b) the individual executing this Agreement on Calhoun Property Acquisition 7.09.14 Page 7of15 i behalf of Buyer has the authority to bind Buyer to the terms and conditions of this Agreement. 10.3 "AS IS" CONDITION OF PROPERTY. THE PURCHASE PRICE REFLECTS THAT THE PROPERTY IS BEING PURCHASED BY BUYER ON AN "AS IS" "WHERE IS" AND "WITH ALL FAULTS" BASIS, EXCEPT TO THE EXTENT OF REPRESENTATIONS AND WARRANTIES SPECIFICALLY MADE BY SELLER HEREIN OR IN THE DEED OR OTHER DOCUMENTS TO BE DELIVERED BY SELLER AT CLOSING. BUYER HEREBY WAIVES AND RELINQUISHES ALL RIGHTS AND PRIVILEGES ARISING OUT OF, OR WITH RESPECT TO, ANY REPRESENTATIONS, WARRANTIES OR COVENANTS, WHETHER EXPRESS OR IMPLIED, WHICH MAY HAVE BEEN MADE OR GIVEN, OR WHICH MAY BE DEEMED TO HAVE BEEN MADE OR GIVEN, BY SELLER OR ITS REPRESENTATIVES, INCLUDING BUT NOT LIMITED TO ANY BROKER, EXCEPT FOR THOSE REPRESENTATIONS, WARRANTIES AND COVENANTS SET FORTH IN THIS AGREEMENT OR IN ANY DOCUMENTS TO BE EXECUTED AND DELIVERED BY SELLER AT CLOSING. EXCEPT TO THE EXTENT OF ANY REPRESENTATIONS OR WARRANTIES SET FORTH ELSEWHERE IN THIS AGREEMENT OR IN ANY DOCUMENTS TO BE EXECUTED AND DELIVERED BY SELLER AT CLOSING, BUYER HAS NOT RELIED UPON AND WILL NOT RELY UPON, AND SELLER EXPRESSLY DISCLAIMS, ANY REPRESENTATIONS OR WARRANTIES WITH RESPECT TO, AND SHALL HAVE NO LIABILITY FOR: (I) THE CONDITION OF THE PROPERTY OR ANY BUILDINGS, STRUCTURES OR IMPROVEMENTS LOCATED THEREON OR THE SUITABILITY THEREOF FOR HABITATION, OCCUPANCY OR FOR BUYER'S INTENDED USE OR FOR ANY USE WHATSOEVER; (II) ANY APPLICABLE BUILDING, ZONING OR FIRE LAWS OR REGULATIONS OR WITH RESPECT TO COMPLIANCE THEREWITH OR WITH RESPECT TO THE EXISTENCE OF OR COMPLIANCE WITH ANY REQUIRED PERMITS, IF ANY, OF ANY GOVERNMENTAL AGENCY; (III) THE AVAILABILITY OR EXISTENCE OF ANY WATER, SEWER OR UTILITIES, ANY RIGHTS THERETO, OR ANY WATER, SEWER OR UTILITY DISTRICTS; (IV) ACCESS TO ANY PUBLIC OR PRIVATE SANITARY SEWER SYSTEM; (V) THE FACT THAT ALL OR A PORTION OF THE PROPERTY MAY BE LOCATED ON OR NEAR AN EARTHQUAKE FAULT LINE; OR (VI) EXCEPT AS SPECIFICALLY SET FORTH ABOVE, THE PRESENCE OF ANY HAZARDOUS SUBSTANCES IN ANY IMPROVEMENTS ON THE PROPERTY, INCLUDING WITHOUT LIMITATION ASBESTOS OR FORMALDEHYDE, OR THE PRESENCE OF ANY ENVIRONMENTALLY HAZARDOUS WASTES OR MATERIALS ON OR UNDER THE PROPERTY. WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, EXCEPT TO THE EXTENT OF ANY REPRESENTATIONS OR WARRANTIES SET FORTH ELSEWHERE IN THIS AGREEMENT OR IN ANY DOCUMENTS TO BE EXECUTED AND DELIVERED BY SELLER AT CLOSING, SELLER SHALL HAVE NO LIABILITY TO BUYER WITH RESPECT TO THE Calhoun Property Acquisition 7.09.14 Page 8of15 CONDITION OF THE PROPERTY UNDER COMMON LAW, OR ANY FEDERAL, STATE, OR LOCAL LAW OR REGULATION, INCLUDING BUT NOT LIMITED TO THE COMPREHENSIVE ENVIRONMENTAL RESPONSE, COMPENSATION AND LIABILITY ACT OF 1980 AS AMENDED, 42 U.S.C.A. SECTIONS 9601 ET SEQ., AND THE WASHINGTON MODEL TOXICS CONTROL ACT ("MTCA"), RCW 70.105D. BUYER HEREBY RELEASES AND WAIVES ANY AND ALL CLAIMS WHICH THE BUYER HAS OR MAY HAVE AGAINST SELLER UNDER ANY OF THE FOREGOING LAWS OR WITH RESPECT TO THE CONDITION OF THE PROPERTY, EXCEPT TO THE EXTENT OF ANY CLAIMS BUYER MAY HAVE ARISING FROM ANY EXPRESS REPRESENTATIONS, WARRANTIES OR COVENANTS OF SELLER UNDER THIS AGREEMENT OR ANY DOCUMENTS TO BE EXECUTED AND DELIVERED BY SELLER AT CLOSING. BUYER ACKNOWLEDGES TO SELLER THAT BUYER IS GIVEN THE OPPORTUNITY UNDER THIS AGREEMENT TO FULLY INSPECT THE PROPERTY AND BUYER ASSUMES THE RESPONSIBILITY AND RISKS OF ALL DEFECTS AND CONDITIONS, INCLUDING SUCH DEFECTS AND CONDITIONS, IF ANY, THAT CANNOT BE OBSERVED BY CASUAL INSPECTION, SUBJECT TO THE EXCEPTION OF RIGHTS EXPRESSLY SET FORTH ABOVE. BUYER: 11. Maintenance of Property; Risk of Loss, Condemnation. 11.1 Maintenance of Property. From the date of this Agreement until the Closing Date (or any earlier termination of this Agreement), Seller agrees to maintain the Property in substantially the same condition existing as of the date hereof, ordinary wear and tear, damage by casualty excepted. 11.2 Risk of Loss; Condemnation. Risk of loss of or damage to the improvements on the Property shall be borne by Seller at all times and no event of casualty or damage shall affect the parties' obligations hereunder or the Purchase Price, however, Buyer shall have the right to receive any insurance proceeds due Seller in connection with any casualty or damage and Seller hereby covenants to maintain commercially reasonable casualty insurance in place with respect to the Property at all times prior to Closing. 12. Default. 12.1 Time of Essence. Time is of the essence of this Agreement. Calhoun Property Acquisition 7.09.14 Page 9of15 12.2 Seller's Remedies for Buyer's Default or Failure to Close. If Buyer fails, without legal excuse, to complete the purchase of the Property in accordance with this Agreement, Seller's sole and exclusive remedy shall be to retain the Deposit as liquidated damages. Buyer expressly agrees that the retention of the Deposit by Seller represents a reasonable estimation of the damages in the event of Buyer's default and failure to close hereunder, that actual damages may be difficult to ascertain and that this provision does not constitute a penalty. In this respect, Buyer and Seller acknowledge that these damages have been specifically negotiated between Buyer and Seller and are, inter alia, to compensate Seller for delaying the eventual sale of the Property and to compensate Seller or its costs and expenses associated with this Agreement. Buyer hereby waives the rights and benefits of any law, rule, regulation or order now or hereafter existing that would allow Buyer to claim a refund of the Deposit as unearned earnest money, a penalty or for any other reason except default by Seller. 12.3 Buyer's Remedies for Seller's Default. If Seller fails to complete the sale of the Property in accordance with this Agreement, Buyer shall have and may enforce the following exclusive remedies: (a) seek specific performance; (b) terminate this Agreement, receive a refund of the Deposit and recover from Seller all of Buyer's actual third-party costs and expenses incurred by it in connection with the transaction and the Project; or(c) seek rescission of this Agreement and receive a refund of the Deposit. 13. Notices. All notices, demands and other communications required or permitted to be given hereunder shall be in writing, and shall be sent by personal delivery (including by means of professional messenger or courier service) or registered or certified mail, postage-prepaid, return-receipt requested, or by email at the addresses provided herein. Notice shall be deemed to have been given if personally delivered or sent by email, upon receipt, if sent by snail, two (2) days after duly deposited in the U.S. Mail to all of the addresses designated for such party. The parties' respective addresses for notices are as follows: If to City: City of Auburn Community Development and Public Works Department 25 West Main Street Auburn, WA 98001-4998 Attn: Chris Andersen, Environmental Services Manager Email: candersen a,auburnwa.gov With copies to: City Attorney's Office City of Auburn 25 West Main Street Auburn, WA 98001-4998 Attn: City Attorney Email: dheidaauburnwa.gov Calhoun Property Acquisition 7.09.14 Page 10 of 15 If to Seller: Willis Calhoun 29241 229a'Avenue SE Black Diamond, WA 98010-1248 Notice of change of address shall be given by written notice in the manner detailed in this Section 13. 14. General. 14.1. Entire Agreement. This is the entire agreement of Buyer and Seller with respect to the matters covered hereby and supersedes all prior agreements between them, written or oral. This Agreement may be modified only in writing, signed by Buyer and Seller. Any waivers hereunder must be in writing. No waiver of any right or remedy in the event of default hereunder shall constitute a waiver of such right or remedy in the event of any subsequent default. This Agreement shall be governed by the laws of the State of Washington. Venue for disputes under this agreement shall lie with the Superior Court of King County, Washington. 14.2 No Third Party Beneficiaries/Severability. This Agreement is for the benefit only of the parties hereto and shall inure to the benefit of and bind the heirs, personal representatives, successors and permitted assigns of the parties hereto. The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision hereof. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 15. Attorneys' Fees. In the event suit or action is instituted to interpret or enforce the terms of this Agreement, the prevailing party therein shall be entitled to recover from the other party such sum as the Court may adjudge reasonable as attorneys' fees, including fees incurred at trial, on any appeal and in any petition for review. 16. Exclusivity. During the tenn of this Agreement Seller shall not market nor list the Property for sale, nor accept any offers from third parties with respect to sale of the Property. 17. Reservation of Police Power. Notwithstanding anything to the contrary set forth herein, Seller understands and acknowledges that the City's authority to exercise its police (regulatory) powers in accordance with applicable law shall not be deemed limited by the provisions of this Agreement. Calhoun Property Acquisition 7.09.14 Page 11 of 15 19. Exhibits. Exhibits A and B attached hereto are incorporated herein as if fully set forth. SIGNED in duplicate original as of the date first above written. CITY OF AUBURN SELLER Calhoun Investment Company Nancy Is, Mayor Willis M. Calhoun, Owner Attest: By Car Calhoun, Owner Danielle Daskam, City Clerk Appro as t form: 6amel B. Heid, Auburn City Attorney EXHIBITS Exhibit A, Warranty Deed Exhibit B, Promissory Note Calhoun Property Acquisition 7.09.14 Page 12 of 15 Return Address: City of Auburn City Clerk 25 West Main Auburn,WA 98001 Above this line reserved for recording information. WARRANTY DEED Reference#(if applicable): N/A Grantors: Willis M. Calhoun and Carolyn,M. Calhoun d/b/a/ Calhoun Investrimenf Company,atisole proprietorship Grantee: City of Auburn' Legal Description/STR: Lots 2, 3, 4 and4ract "B" of City of Auburn Short Plat Number SP=2.'86;arecorded under Recording Numl'br.8606.050395; Assessor's Tax Parcel ID#: 1221049037, 1221.04903,8;,11.221,0.49039, 1221049007 For and in consideration of the sum of TEN DOLLARS ($10.00) and other good and valuable consideration, receipt of which is hereby acknowledged, Grantors, Willis and Carolyn Calhoun, hereby conveys and warrants to the City of Auburn, a municipal corporation of the State of Washington, Grantee herein, its successors and assigns, the property legally described and depicted in Exhibit "A," attached hereto and incorporated herein by this reference (the"Property"). IN WITNESS WHEREOF, the pa 'es ve caused this instrument to be executed by its proper officer(s) this —�/`aay of , 2014. Grantors: Calhoun Investment Company, a sole proprietorship, By: Willis M. Calhoun, Owner Car`olynMM..Calhoun, Owner Date Signed: Date--S gned: JtftVC2 :. Calhoun Property Acquisition 7.09.14 Page 13 of 15 STATE OF )ss. County of ) STATE OF WASHINGTON ) )ss. County of King ) I certify that I know or have satisfactory evidence that Willis Calhoun is the person who appeared before me, and he acknowledged that he signed this instrument as his free and voluntary act for the uses and purposess entio d in this instrument. Dated �' — q - �1S�lOa,bry" s �OTq � Notary Public i d for the Stat • � residing ate m s , LiG X""09. C0: = My appointment expires � - /I 01, Wg iN►NG =t STATE OF )ss. County o ) STATE OF WASHINGTON ) )ss. County of King ) I certify that I know or have satisfactory evidence that Carolyn Calhoun is the person who appeared before me, and she acknowledged that she signed this instrument as her free and voluntary act for the uses and purposes entioned in this instrument. Dated 'off" A. $ • - Notary Public in d for th8 St of 'off �, residing at o Og 0� My appointment expires D 4$0,P NWAS �G Exhibit A—Legal Description. Calhoun Property Acquisition 7.09.14 Page 14 of 15 Exhibit B—Form of Promissory Note $250,000.00 Auburn, Washington 2014 FOR VALUE RECEIVED, the CITY OF AUBURN, a Washington municipal corporation ("Maker"), promises to pay to the order of Willis and Carolyn Calhoun ("Holder"), the sum of Two Hundred Fifty Thousand Dollars and no/cents ($250,000.00) on January 15, 2015; If Holder retains an attorney for collection of amounts due pursuant to this Note, or if Holder brings suit to collect any amounts due on this Note, Buyer.shall pay reasonable attorney's fee and costs. This Note shall bear simple interest at the rate of twelve percent (12%)per annum after default. CITY OF AUBURN A Washington Municipal Corporation ancy B c , Mayor Attest: Q� Danielle Daskam, City Clerk Ap ov d as orm: aniel B. Heid, Auburn City Attorney Calhoun Property Acquisition 7.09.14 Page 15 of 15 July 18, 2014 Willis and Carolyn Calhoun,dba Calhoun Investment Company 29241 229th Avenue SE Black Diamond,WA 98010 Nancy Backus, Mayor City of Auburn 25 West Main Street Auburn,WA 98001 Subject: PURCHASE AND SALE TRANSACTION, REAL ESTATE BROKER DISCLOSURES This is a disclosure relating to a purchase and sale transaction for the following real property: 1500, 1502, 1504, 2400 West Valley Highway N., Auburn, King County, Washington, Assessor's Tax Parcel Numbers 1221049037, 1221049038, 1221049039, 1221049007. Owner/Sellers:Willis M.Calhoun and Carolyn Calhoun, dba Calhoun Investment Company Buyer: Nancy Backus,for the City of Auburn LICENSEE DISCLOSURE: Christopher J. Andersen (Licensee) is licensed as a Real Estate Broker by the State of Washington. License information is provided below: Name: ANDERSEN,CHRISTOPHER J License Type: Real Estate Broker License Number: 89449 License Status: Inactive First Issued Date: Feb 28 2006 License Issued: Oct 112013 Expiration Date: Oct 112015 AGENCY DISCLOSURE: Licensee is acting within his capacity as an employee of the City of Auburn in the position of Environmental Services Manager, and is not receiving a real estate commission or other compensation from any party for his role in this transaction beyond his regular salary compensation as a City of Auburn employee. As required by Chapter 18.86.030 Revised Code of Washington (RCW), Licensee discloses that he is acting on behalf of and represents his employer,the City of Auburn (Buyer). Licensee: Buyer: _ JUL 21 2014 Christopher Andersen Date ancy Ba s, City of Auburn Date Owners/Sellers: Willis M. Calhoun Date Caro. Calhoun Date Exhibit B SURPLUS REAL ESTATE PURCHASE FORM FOR: Purchase ofl/C Number 1-17-10167 PURCHASE AMOUNT: $70,500 $ 70.500.00 submitted in payment of the following: Cash Sale X Payment in full. (Required if purchase plice is $1,000.00 or less). 10% non-refundable surety deposit when purchase amount is over$1,000.00. Balance is due and payable in approximately 60 days. A notice will be sent requesting payment. $5,000 Nonrefundable deposit. Balance is due and payable in approximately 60 days. A notice will be sent requesting payment. Real Estate Contract Sale 10% non-refundable surety deposit/down payment when purchase price is over $2,500.00, and you wish to pay balance by Real Estate Contract. (Also include completed Application for Real Estate Contract.) Real Estate Contracts are not available for sales under$2,500.00. Note: If the property is improved, a 15% down payment is required and will be requested prior to closing. PLEASE MAKE CHECK OR MONEY ORDER PAYABLE TO: DEPARTMENT OF TRANSPORTATION FULL NAME DESIRED ON TITLE: CITY OF AUBURN JUL 2 1 2014 Signature PL rchaser Date 253-931-30 Telephone Number ALL SALES REQUIRE A 10%NON-REFUNDABLE SURETY DEPOSIT. FOR CONTRACT SALES OF UNIMPROVED PROPERTY, THE SURETY DEPOSIT WILL BE THE DOWN PAYMENT. RES 406 Revised 220 11 i �� When Recorded Mail to: Exhibit C City of Auburn 25 West Main Street Auburn, Washington 98001-4998 Tax Parcel ID#: 122104-9035 EASEMENT FOR STREAM RELOCATION, WETLAND AND STREAM, RESTORATION,AND CONSERVATION This Easement for Stream Relocation, Wetland and Stream, Restoration, and Conservation (this "Easement") is entered into as of this day of , 2014 by SCG White River Corporate Park, LLC, a Delaware limited liability company ("Grantor"), to I the City of Auburn, a Washington municipal corporation("Grantee"). RECITALS 1 This Easement is entered into by Grantor and Grantee on the basis of the following { recitals: A. Grantor is the sole owner in fee simple of the real property consisting of approximately 19.0 acres of land located in King County, Washington ("Whole Property") legally described in Exhibit A, attached to and made a part of this Easement. Grantor desires to j convey and Grantee desires to purchase an easement for stream relocation and enhancement and i wetland restoration and enhancement and for conservation over, under and across a portion of the Whole Property consisting of approximately 1.9 acres of land ("Protected Property"), i which is legally described in Exhibit B attached hereto and made a part of this Easement. A map of the Protected Property is attached, and made apart of this Easement, as Exhibit C. B. Subject to permit approval by regulatory agencies, Grantee intends to perform or authorize the Ariny Corps of Engineers or its contractor to perform certain restoration work (collectively, the "Construction Activities") as part of the Green-Duwamish Ecosystem Restoration Project authorized by Congress under Section 101(b)(26) of the Water Resources Development Act of 2000, Public Law 106-51, and in accordance with the terms and conditions of the Project Partnership Agreement Between the Department of the Army and the City of Auburn for Construction of the Duwamish/Mill Creek Wetland 5K Reach Ecosystem Restoration Project as authorized by Resolution No. 4959 of the City Council of the City of Auburn, Washington, including but not limited to: survey, site preparation, stream relocation, removal of invasive non-native vegetation, planting of native riparian vegetation, streambank stabilization, installation of large woody debris and other activities associated with stream relocation and stream and wetland restoration and enhancement. OHSUSA:758419800.2 1 9999-13901 (b) To enter upon the Whole Property in order to have unimpeded access to, in and through the Protected Property for the purposes of exercising or monitoring the rights granted in this Easement provided that such entry shall be upon prior reasonable notice to Grantor, and Grantee shall not in any case unreasonably interfere with Grantor's quiet use and enjoyment of the Protected Property, except in cases where Grantee determines that immediate entry is required to prevent, terminate, or mitigate a violation of this Easement. (c) To authorize the United States of America, acting through the Department of the Army Corps of Engineers, its representatives, agents and contractors to make fiill use of the Easement to the same extent as Grantee. (d) To allow persons or groups, including Grantee, to enter upon the Protected Property for scientific and educational purposes at mutually agreeable dates and times and upon not less than 10 days prior notice to grantor, and to allow passive recreational use and activities, provided that such passive recreational use and activities do not interfere with the activities of Grantor or its assignees. Grantee may create a pathway for passive recreational use provided that Grantee minimizes impacts to natural and restored features of the Protected Property and obtains Grantor's prior approval; and (e) To prevent any activity on or use of the Protected Property that is inconsistent I with the purpose of this Easement and to require the restoration of such areas or j features of the Protected Property that may be damaged by any inconsistent activity or use. 4. Prohibited Uses and Activities. After the Construction Activities have commenced, Grantor shall be prohibited, except as authorized in Section 5 of this Easement, from in any way disturbing, altering, developing, using or otherwise impacting the Protected Property and the natural or restored features therein. 5. Reserved Rights. Grantor reserves to itself the right to undertake the following uses and activities within the Protected Property: (a) EDnergencies. The right to undertake other activities necessary to protect public health or safety, or which are actively required by and subject to compulsion of any goverrmzental agency with authority to require such activity. (b) Recreational Use. The right to allow passive recreational use and activities, provided that such passive recreational use and activities do not interfere with the activities of Grantee or its assignees authorized by Sections 1 and 3 of this Easement. Grantor may, consistent with this Section 5(b), create a pathway for passive recreational use provided that Grantor minimizes impacts to natural and restored features of the Protected Property and obtains Grantee's prior approval. OHSUSA:758419800.2 3 9999-13901 interest in and to this Easement, to any governmental, quasi-governmental, or municipal entity. (b) Notice of Transfer of Protected Proper . Anytime the Protected Property itself, or any interest in it is transferred by Grantor to a third party, Grantor, its successors and assigns, shall notify Grantee in writing, and the document of conveyance shall expressly refer to this Easement. 10. Modification. This Easement may only be modified by agreement of the parties hereto. All modifications shall be in writing, signed by both parties and recorded in the real property records of King County. 11. Inteipretation. This Easement shall be interpreted under the laws of Washington, resolving any ambiguities and questions of the validity of specific provisions so as to give maximum effect to its restoration purposes. ! f 12. Perpetual Duration. The Easement created by this Easement shall be a servitude running with the land in perpetuity. Every provision of this Easement that applies to Grantor or Grantee shall also apply to their respective agents, heirs, executors, administrators, assigns, and all other successors as their interests may appear. 13. Notices. 1 Any notices required by this Easement shall be in writing and shall be personally delivered or sent by first class mail to Grantor and Grantee respectively at the following addresses, unless a party has been notified in writing by the other of a change of address. To Grantor: j SCG White River Corporate Park, LLC c/o Stockbridge Capital Group 4 Embarcadero Canter, Suite 3300 San Francisco, California 94111 To Grantee: City of Auburn 25 West Main Street Auburn, Washington, 98001-4998 14. S'everability. If any provision of this Easement is found to be invalid, illegal or unenforceable, that finding shall not affect the validity, legality or enforceability of the remaining provisions. OHSUSA:758419800.2 5 9999-13901 Grantee: City of Auburn, a Washington Municipal Corporation: By: Nancy B c 1 ,Mayor STATE OF WASHINGTON COUNTY OF KING On this,2!day of 2014, before ine personally appeared Nancy Backas, to me known to be tl e Ma or of the City of Auburn that executed the within and foregoing instruunent, and acknowledged said instrument to be the free and voluntary act and deed of the City, for the uses and purposes therein mentioned, and on oath stated that she was authorized to execute said instrument. WITNESS my hand and official seal hereto affixed the day and year in this certificate above writt� n��� Notary-Public in and for the „ . q State of Washington,residing at = Ws9roN FfiA,��' ��♦ OTA City and State ® _ • �' �, -25- � bOF,W As�;�� My appointment expires �Qd OHSUSA:758419800.2 8 9999-13901 EXHIBIT A LEGAL DESCRIPTION OF WHOLE PROPERTY That portion of Lots 1 and 4, City of Auburn Short Plat Number SP-3-86, recorded under Recording Number 8606050397, in King County, Washington, described as follows: That portion of the Northwest quarter of the Northwest quarter of Section 12, Township 21 North, Range 4 East,Willamette Meridian,in King County, Washington, described as follows: Commencing at the Northwest confer of said Northwest quarter; Thence South 86°21'31" East along the North line of said Northwest quarter 562.39 feet to the true point of beginning; Thence South 03°38'29" West 421.00 feet; Thence North 86°21'31" West 508.35 feet to the East line of the West 36.00 feet of said Northwest quarter; Thence South 01°11'27" West along said East line 60.06 feet; Thence South 86°21'31" East 500.46 feet to the East line of the West 536.00 feet of said Northwest quarter; i Thence South 01°11'27" West along said East line of the West 536.00 feet a distance of 779.26 i feet to the North line of the South 60.00 feet of said Northwest quarter of the Northwest quarter; Thence North 86°23'05" West parallel with the South line of said Northwest quarter of the Northwest quarter 500.45 feet to the East line of the West 3 6.00 feet of said Northwest quarter; i Thence South 01°11'27" West along said East line of the West 36.00 feet a distance of 60.06 feet to the South line of said Northwest quarter of the Northwest quarter; Thence South 86°23'05" East along said South line 851.91 feet to a point 180.03 West, as measured along the South line of said Northwest quarter of the Northwest quarter, of the West margin of SR 167 as condemned in King County Superior Court Cause Number 718903; Thence North 04°42'02" East parallel with the said West margin 145.00 feet; Thence North 47°28'43" East 88.64 feet; Thence North 01°21'43" East 1,111.35 feet to the North line of said Northwest quarter; Thence North 86°21'31" West 401.90 feet to the true point of beginning; OHSUSA:758419800.2 9 9999-13901 Parametrix EXHIBIT `B' A PORTION OF LOT 4 OF CITY OF AUBURN SHORT PLAT SP-3-86,AS RECORDED UNDER RECORDING NUMBER 8606050397 RECORDS OF KING COUNTY, WASHINGTON, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHEAST CORNER OF SAID LOT 4; THENCE ALONG THE EAST LINE THEREOF NORTH 04 041'10" EAST 145.00 FEET; THENCE CONTINUING ALONG SAID EAST LINE NORTH 47 028'03" EAST 88.64 FEET; THENCE CONTINUING ALONG SAID EAST LINE NORTH 01 021'03" EAST 167.22 FEET; i THENCE LEAVING SAID EAST LINE NORTH 88°38'57"WEST 189.32 FEET; THENCE SOUTH 26 059'09"WEST 185.39 FEET; 1 THENCE SOUTH 63 033'17" EAST 33.37 FEET; THENCE SOUTH 32 008'26"WEST 68.67 FEET; i THENCE SOUTH 29 03432"WEST 139.14 FEET TO THE SOUTH LINE OF SAID LOT 4; THENCE ALONG SAID SOUTH LINE SOUTH 86 023'45" EAST 268.15 FEET TO THE POINT OF BEGINNING. CONTAINING 85,137 SQUARE FEET OR 1.95 ACRES, MORE OR LESS ; SITUATE IN THE NORTHWEST QUARTER OF SECTION 12,TOWNSHIP 21 NORTH, RANGE 04 EAST OF THE WILLAMETTE MERIDIAN, IN THE CITY OF AUBURN, COUNTY OF KING, STATE OF WASHINGTON. ; IR i q, 33933 0v ' s�p'`AI.LALM� '�� °7 1 of 1 CITY OF--- * * Interoffice Memorandum WASHINGTON Date: July 21, 2014 To: Nancy Backus, Mayor From: Chris Andersen,,Environmental Services Manager Re: Purchase and Sale Agreement, Project CP0746 Mill Creek Wetland 5K Please find enclosed for your review and signature the following real estate acquisition documents for the Mill Creek Wetland 5K Project, City Project No. CP0746: • Broker's Disclosure by Chris Andersen.This document notifies both City of Auburn (buyer) and Willis and Carolyn Calhoun (Sellers)that Chris Andersen: 1) possesses a Real Estate broker's License issued by the State of Washington, and 2) represents the City of Auburn in the purchase and sale transaction involving the subject property. • Purchase and Sale Agreement between the City of Auburn and Willis and Carolyn Calhoun for City's purchase of 21.12 acres located north of 15th Street NW, and east of West Valley Highway. Purchase amount is$500,000, and completion (closing) purchase is subject to City Council approval. Please let me know if I can answer any questions or provide additional information. Page 1 of 1 AUBURN * MORE THAN YOU IMAGINED