HomeMy WebLinkAbout20111202001480 RELEASE OF COVENANT 11/2/2011WHEN RECORDED, RETURN TO:
City of Auburn
City Clerk's Office
25 W. Main St.
Auburn, WA 98001
111111111111111
1480
S �lI(J���(Q$_�L KING COUNTY, UA
tl( RELEASE OF COVENANT OF PAYMENT USLIGA I ION 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 BLD11-0038. WTRII -0056. SWR11 -0079.
and STM11 -0063.
Legal Description (Abbreviated): Lot 37 of the RiveMointe Subdivision, Aubum, WA
Full description as set forth on attached Exhibit "A." VC fiepubile i itle, Ltd. ties
placed this document of
record as a customer
Assessor's Tax Parcel ID Number: 7338220370. courtesy and accepts no
liability for the accuracy or
validity of the document
Plat or Building Permit Application Number: Permits BLD11-0038. WTR11-0056, SWRI1 -0079.
and STM11 -0063. -3( b L(
Amount Released: $13.875.07 OLD REPUBLIC TITLE LTD
o?� -37S-7
THIS RELEASE OF COVENANT OF PAYMENT OBLIGATION FOR UTILITY SYSTEM
DE` TLOPMENT CHARGES AND PARKS, TRANSPORTATION, SCHOOL, AND /OR FIRE
IMPACT FEES (the "Release ") is made as of this 2nd day of Novembe r, 2011 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 19, 2011 and recorded
under King/Pierce County Recording No. 20110420000536 (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.
r V.
City of Auburn
By
Its'. HA M!N4 avj">1Wfckk AD t ✓O&
Date Uyr VO�M b&y- I -1 2() I
STATE OF WASHINGTON
ss
COUNTY OF KING )
I certify that I know or have satisfactory evidence that �� N �^ is the person who
appeared before me, and said person acknowledged that Le/she) signed this instrument, on oath
, '",q y
IT-
acknowledged it as the uEIO E� r r 2E�h� bf C,t-y . 44,-x, N to be ( �jg/her) free and
voluntary act for the uses and purposes mentioned in the instrument.
BADG
rr1t--�-/( (
Washington, residing at
My Commission Expires:
1�
CHICAGO TITLE COMPANY
A.L.TA COMMITMENT
SCHEDULE A
(Continued)
Order No : 1177037
Your NO: RIVERPOINTE- LOT371- GROTFE
LEGAL DESCRIPTION EXHIBIT
(Paragraph 4 of Schedule A continuation)
LOT 37, RIVERPOINTE, ACCORDING TO THE PLAT THEREOF, RECORDED IN VOLUME 229 OF
PLATS, PAGES 83 THROUGH 89, IN KING COUNTY, WASHINGTON.
CLTACM /RDA /0999