HomeMy WebLinkAbout20120323000980 RELEASE OF COVENANT 03/14/2012CHICAGO TITLE INS. CO.
WHEN RECORDED, RETURN TO:
City of Auburn
City Clerk's Office
25 W. Main St.
Auburn, WA 98001
11111111111111111111111111 11111
128323000960
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"): BLDI1 -0013. WTR11 -0035. SWRI1 -0042, and STMI1-
0039.
Legal Description (Abbreviated): Lot 92 of the Riverpointe Subdivision, Auburn, WA
Assessor's Tax Parcel ID Number: 7338220920.
Amount Released: $14.094.71.
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 V4- day of Aden 20I�:- by the City of
Auburn (the "City ").
The City entered into a Covenant of Payment Obligation for Utility System Development
Charges and Park ransportation, School, And/Or Fire Impact Fees dated Y+ 1 80 ZC>I 1 and
recorded Me in fierce County Recording No. 2011 VAO60O0(o2 (p(the "Covenant ") with
CA rtnll�61• a rantor 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.
CHICAGO TITLE INSURANCE COMPANY
has placed the document of
record as a customer courtesy
and accepts no liability for
the accuracy or validity of
the document
COVENANT OF PAYMENT OBLIGATION
Page 7 of 8
STATE OF WASHINGTON
ss.
COUNTY OF KING )
I certify that I know or have satisfactory evidence that - is a person who
appeared before me, and said person acknowledged that he signed this instrument, on oath
acknowledged it as the 4a-1,6oleArRo rl` .9Q�to be his free and
voluntary act for the uses and purposes mentioned in the instrument.
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Date: / 9
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Washington, residing at
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