HomeMy WebLinkAbout20120622001749 RELEASE OF COVENANT 6/14/2012Electronically Recorded
20120622001749
SIMPLIFILE R 6300
Page 001 of 002
06/22/2012 04 27
WIIEN RECORDED, RETURN TO: King County. WA
City of Auburn
City Clerk's Office
25 W. Main St.
Auburn, WA 98001
RELEASE OF COVENANT OF PAYMENT OBLIGATION FOR UTILITY SYSTEM
DEVELOPMENT CHARGES AND PARKS, TRANSPORTATION, SCHOOL, AND /OR FIRE
IMPACT FEES
COMMERCIAL PROPERTIES
Payment Obligation for the Benefit of Grantee: City of Auburn, a municipal corporation
Persons Indebted to Grantee ( "Grantor"): CamWest Development LLC.
Reference Number(s) of Related Document(s): Permits BLD10 -0248, WTRI"178, SWR10 -0278,
and STM10 -0278 .
Legal Description (Abbreviated): Lot 75 of the Rivemointe Subdivision, Auburn, WA.
Full description as set forth on attached Exhibit "A."
Assessor's Tax Parcel ID Number: 7338220750.
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Amount Released: $14.041.44. ZI b7
THIS RELEASE OF COVENANT OF PAYMENT OBLIGATION FOR UTILITY SYSTEM
DEVELOPMENT CHARGES AND PARKS, TRANSPORTATION, SCHOOL, AND /OR FIRE
IMPACT FEES (the "Release ") is made as of this 141e day of June, 2012 by the City of Auburn (the
"City ").
The City entered into a Covenant of Payment Obligation for Utility System Development
Charges and Parks, Transportation, School, And/Or Fire Impact Fees dated April 8, 2011 and recorded
under King/Pierce County Recording No. 20110408000627 (the "Covenant") with CamWest
Development LLC Grantor to provide for deferred payment of the referenced fee(s).
Pursuant to the terms of the covenant, upon Grantor's payment of the utility system development
charges and/or impact fees as set forth therein, the City will release the Covenant.
Accordingly, conditioned upon the Escrow Agent's or Grantor's disbursement of the charges and
fee(s) to the City, the City hereby releases and discharges Grantor from the obligations described in the
Covenant. Upon recording of this Release, all of the Grantor's obligations under the Covenant shall be
deemed fully and completely satisfied, and the Covenant shall have no further force or effect.
City of Auburn
WHEN RECORDED, RETURN TO:
City of Auburn
City Clerk's Office
25 W Main St.
Auburn, WA 98001
RELEASE OF COVENANT OF PAYMENT OBLIGATION FOR UTILITY SYSTEM
DEVELOPMENT CHARGES AND PARKS, TRANSPORTATION, SCHOOL, AND /OR FIRE
IMPACT FEES
COMMERCIAL PROPERTIES
Payment Obligation for the Benefit of Grantee: City of Auburn, a municipal corporation
Persons Indebted to Grantee ( "Grantor"): CamWest Development LLC.
Reference Number(s) of Related Document(s): Permits BLD10 -0248, WTR10 -0178. SWR10 -0278,
and STMIO -0278 .
Legal Description (Abbreviated): Lot 75 of the Riverpointe Subdivision, Auburn, WA.
Full description as set forth on attached Exhibit "A."
Assessor's Tax Parcel ID Number: 7338220750.
Amount Released: $14,04144.
THIS RELEASE OF COVENANT OF PAYMENT OBLIGATION FOR UTILITY SYSTEM
DEVELOPMENT CHARGES AND PARKS, TRANSPORTATION, SCHOOL, AND /OR FIRE
IMPACT FEES (the "Release ") is made as of this 14'h day of June, 2012 by the City of Auburn (the
"City ").
The City entered into a Covenant of Payment Obligation for Utility System Development
Charges and Parks, Transportation, School, And/Or Fire hnpact Fees dated April 8, 2011 and recorded
under King/Pierce County Recording No 20110408000627 (the "Covenant ") with CamWest
Development LLC Grantor to provide for deferred payment of the referenced fee(s).
Pursuant to the terms of the covenant, upon Grantor's payment of the utility system development
charges and/or impact fees as set forth therein, the City will release the Covenant.
Accordingly, conditioned upon the Escrow Agent's or Grantor's disbursement of the charges and
fee(s) to the City, the City hereby releases and discharges Grantor from the obligations described in the
Covenant. Upon recording of this Release, all of the Grantor's obligations under the Covenant shall be
deemed fully and completely satisfied, and the Covenant shall have no further force or effect.
City of Auburn
COVENANT OF PAYMENT OBLIGATION
Page 7 of 8
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City of Auburn
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Date:
Grantor
By:
STATE OF WASHINGTON
ss.
COUNTY OF KING ) //
I certify that I know or have satisfactory evidence that lCsv i N �Te is the person who
appeared before me, and said person acknowledged that (he/she) signed this instrument, on oath
acknowledged it as the '71 a_ ! of u, G fi n"t�Afq to be (his/her) free and
voluntary act for the uses and purposes mentioned in the instrument.
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Date:
Name I i 'l V
(Print Name)
NOTARY PUBLIC, in and For the State of
Washington, residing at r'tr� C'e �iwa -v
My Commission Expires: 1 l 9 �tcs