HomeMy WebLinkAbout20130116001893 RELEASE OF COVENANT 12/10/2012v
WHEN RECORDED, RETURN TO:
City of Auburn
City Clerk's Office
25 W. Main St.
Auburn, WA 98001
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RELEASE OF COVENANT OF PAYMENT OBLIGATION FOR UTILITY SYSTEM
DEVELOPMENT CHARGES AND PARKS, TRANSPORTATION, SCHOOL, AND /OR FIRE
IMPACT FEES
2,k13 COMMERCIAL PROPERTIES
JLD REPUBLIC T17'+ E L
Payment Obligation for the Benefit of Grantee: City of Auburn, a municipal corporation
Persons Indebted to Grantee ( "Grantor"): Camwest/Toll Brothers Inc.
Legal Description (Abbreviated): Lot 76 of the Riverpointe Subdivision, Auburn, WA.
Assessor's Tax Parcel ID Number- 7338220760.
Plat or Building Permit Application Number: Permits BLD10 -0257, WTR10-0185, SWR10-0304, and
STM10 -0302.
Amount Released: $14,094.74.
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 le day of December, 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, 2012 and recorded
under King/Pierce County Recording No. 20110408000625(the "Covenant) with CamwesvToll Brothers
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.
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Grantor
By.
STATE OF WASHINGTON )
ss.
COUNTY OF KING )
I certify that I know or have satisfactory evidence that f�ev l N 4N00!P— is the person who
appeared before me, and said person acknowledged that Le /she) signed this instrument, on oath
acknowledged it as the J' /iu-bP, of �l -NN ' Ng e � PNd to be (his/her) free and
voluntary act for the uses and purposes mentioned in the instrument.
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Date. I °) Iay //a
Name I F_5. -t J- 'Bg)Gtr —y
(Print Nambn), , 1 . ` Z!/
NOTARY `PUBUBJLI�C, Qin and For the etof
Washington, residing at�t is''u a.,,
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