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HomeMy WebLinkAbout20190510000893 SE "))l5 t 2 - 4 eio(o) I 1111111 11111 Ill!l �'� ; �� �� ' ��� � � !! !!Ia 1111!11ii111111III!1l11II Il! 20190510000893 RELEASE OR SATISFACTION OF LIEN Rec: $101.00 5IT W 3 KING NG CO COUNNTY,WA FIRST AMERICAN `�" 1 Return Address: Iii 1 Auburn City Clerk City of Auburn 25 West Main St. Auburn, WA 98001 RECORDER'S COVER SHEET Document Title(s) (or transactions contained therein): Release of Lien Obligation for Utility System Development Charges and Parks, Transportation, School, and/or Fire Impact Fees Commercial Properties Reference Number(s) of Documents assigned or released: DAdditional reference#'s on page of document c)0` 0 2,oq000 (402 Grantor(s) (Last name first, then first name and initials) DCT Hudson Distribution Center LLC Grantee: (Last name first) Oi+ld documents%NOM filW �f record as an accomodation only. It has not been examined as to The City of Auburn proper execution or as to its effect upon title Legal Description (abbreviated: i.e. lot, block, plat or section, township, range) A portion of the Southeast Quarter of Section 35, Township 22 North, Range 4 East, Willamette Meridian, King County, Washington ® Additional legal is on pages of the document. Assessor's Property Tax Parcel/Account Number: 352204-9022 0 Assessor Tax#not yet assigned • WHEN RECORDED,RETURN TO: City of Auburn City Clerk's Office 25 W.Main St. Auburn,WA 98001 RELEASE OF LIEN OBLIGATION FOR UTILITY SYSTEM DEVELOPMENT CHARGES AND PARKS,TRANSPORTATION, SCHOOL,AND/OR FIRE IMPACT FEES COMMERCIAL PROPERTIES Payment Obligation for the Benefit of Grantee: City of Auburn, a municipal corporation Persons Indebted to Grantee ("Grantor"): DCT Hudson Distribution Center LLC, a Delaware limited liability company Reference Number(s) of Related Document(s): King County Recording No. 20180209000618,BLD17- 0174 Legal Description(Abbreviated): A portion of the Southeast Quarter of Section 35,Township 22 North, Range 4 East,Willamette Meridian,King County, Washington. Full description as set forth on attached Exhibit"A." Assessor's Tax Parcel ID Number: 352204-9022 Plat or Building Permit Application Number: BLD17-0174 Amount Released: $1,060,233.68 THIS RELEASE OF LIEN OF PAYMENT OBLIGATION FOR UTILITY SYSTEM DEVELOPMENT CHARGES AND PARKS, TRANSPORTATION, SCHOOL, AND/OR FIRE IMPACT FEES (the"Release") is made as of this 3rd day of May, 2019 by the City of Auburn(the "City"). The City entered into a Lien of Payment Obligation for Utility System Development Charges and Parks,Transportation, School,And/Or Fire Impact Fees dated 02/09/2018 and recorded under King/Pierce County Recording No. 20180209000618 (the"Covenant")with DCT Hudson Distribution Center LLC, a Delaware limited liability company Grantor to provide for deferred payment of the referenced fee(s). Pursuant to the terms of the covenant,upon Grantor's payment of the utility system development charges and/or impact fees as set forth therein,the City will release the Covenant. Accordingly, conditioned upon the Escrow Agent's or Grantor's disbursement of the charges and fee(s)to the City,the City hereby releases and discharges Grantor from the obligations described in the Lien. Upon recording of this Release, all of the Grantor's obligations under the Lien shall be deemed fully and completely satisfied, and the Lien shall have no further force or effect. City of ubu By:�j Jason Krum ' s: Development Services Manager Date: ©f/o 7/7c/9 STATE OF WASHINGTON ) ss. COUNTY OF KING ) / I certifythat I know or have satisfactoryevidence that �✓ �50'v �urn•is the person who appeared before me, and said person acknowledged that(he/she) signed this instrument, on oath acknowledged it as the release of lien obligation be(his/her)free and voluntary act for the uses and purposes mentio``� ti irpment. P KR ISS i/// • // • ,`g0 FX^t�i,' // Date: /Z yr 01 AR* E`N. i ° • Z Nam . �iJ�3 ,65 `� (Print Name) A V zr //"I, OF`W PS����� NOTARY PUBLIC, dI1C, in the State . I I N\wWashinon,residing at My Commission Expires: 2_0