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HomeMy WebLinkAboutStatutory Warranty Deed - Mel's LotReturn Address: City of Auburn City Clerk 25 West Main Auburn, WA 98001 Above this line reserved for recording information. STATUTORY WARRANTY DEED Reference # (if applicable): 20091118001497;20091t18001355 Grantor: City of Auburn, a Washington Municipal Corporation Grantee: Lexi, LLC, a Washington Limited Liability Company Abbreviated Legal Description: PTN SE 1/, NE 1/, SEC. 13, T21N, R4E, WM Assessor's Tax Parcel ID#: 049200-0460; 049200-0461; 049200-0463 For and in consideration of the sum of TEN DOLLARS ($10.00) and other good and valuable consideration, receipt of which is hereby acknowledged, Grantor, the City of Auburn, a municipal corporation of the State of Washington conveys and warrants to Lexi, LLC, a Washington limited liability company ("Grantee"), its successors and assigns, the property legally described as follows: BLOCK 7 IN L.W. BALLARD'S PARK ADDITION TO SLAUGHTER, ACCORDING TO THE PLAT THEREOF, RECORDED IN VOLUME 3 OF PLATS, PAGE 91, IN KING COUNTY, WASHINGTON; TOGETHER WITH THE VACATED WEST 10 FEET OF SILVER STREET (NOW "A" STREET N.W.) ADJOINING; EXCEPT THAT PORTION CONVEYED TO THE CITY OF AUBURN BY DEED RECORDED NOVEMBER 18, 2009, UNDER RECORDING NUMBER 20091118001497. SUBJECT TO that Parking Easement Agreement dated November 17, 2009 under Recording Number 20091118001355, as amended by the Development Rights Agreement dated May 14, 2010 under Recording Number 20100514000044, and the First Amendment to the Parking Easement Agreement dated , 2020 under Recording Number 2020 City of Auburn/Lexi Page 1 of 2 IN WITNESS WHEREOF, the Grantor has caused this instrument to be executed by its proper officer(s) this g lq day of , 2020. Grantor: CITY OF AUBURN, WASHINGTON a Washington municipal corporation STATE OF WASHINGTON) ) ss. County of King ) On this 2-L day of OtrvA a v , 2019, before me personally appeared Nancy Backus, to me known to be the Mayor df the city of Auburn, Washington, the entity that executed the within and foregoing instrument, and acknowledged said instrument to be the free and voluntary act and deed of said entity, for the uses and purposes therein mentioned, and on oath stated that she was authorized to execute said instrument on behalf of said entity. In Witness Whereof I have hereunto set my hand and affixed my official seal the day and year first above written. Dated 1 -1 -)Ll- apa-0 Notary Public in and for the State of Washington, residing at KI ra co My commission expires I I- ( I -;Z6 +' -, NS%ON FS""��i`� 203917 N ' =Z� (P = O S A IV �%WAs�```\`� City of Auburn/Lexi Page 2 of 2 Department of / Revenue 1 REAL ESTATE EXCISE TAX AFFIDAVIT This form is your receipt Washington State CHAPTER 82.45 RCW - CHAPTER 458-61A WAC when stamped by cashier. THIS AFFIDAVIT WILL NOT BE ACCEPTED UNLESS ALL AREAS ON ALL PAGES ARE FULLY COMPLETED Only for sales in a single location code on or after January 1, 2020. ❑ Check box if the sale occurred PLEASE TYPE OR PRINT in more than one location code. O/ ..Jd Viet nP ntnoe of nwner4hin acanired next to each name. © Street address of property: This property is located in Auburn (King) El ❑ Check box if any of the listed parcels are being segregated from another parcel, are part of a boundary line adjustment or parcels being merged. Legal description of property (if more space is needed, you may attach a separate sheet to each page of the affidavit) See Attached Exhibit A - Legal Description Select Land Use Code(s): 91 - Undeveloped land (land only) e enter any additional codes: (See back of last page for instructions) YES NO Was the seller receiving a property tax exemption or deferral ❑ ❑✓ under chapters 84.36, 84.37, or 84.38 RCW (nonprofit organization, senior citizen, or disabled person, homeowner with limited income)'? Is this property predominantly used for timber (as classified under ❑ ❑✓ RCW 84.34 and 84.33) or agriculture (as classified under RCW 84.34.020)'.' See ETA 3215 t YES NO Is this property designated as forest land per chapter 84.33 RCW? ❑ ❑✓ Is this property classified as current use (open space, farm and ❑ ❑✓ agricultural, or timber) land per chapter 84.34 RCW? Is this property receiving special valuation as historical property ❑ ❑� per chapter 84.26 RCW? If any answers are yes, complete as instructed below. (1) NOTICE OF CONTINUANCE (FOREST LAND OR CURRENT USE) NEW OWNER(S): To continue the current designation as forest laid or classification as current use (open space, farm and agriculture, of timber) land, you must sign on (3) below. The county assessor must then determine if the land transferred continues to qualify and will indicate by signing below. If the laid no longer qualifies or you do not wish to continue the designation or classi- fication, it will be removed and the compensating or additional taxes will be due and payable by the seller or transferor at the time of sale. (RCW 84.33.140 or RCW 84.34.108). Prior to signing (3) below, you may contact your local county assessor for more information. This land ❑ does ❑ does not qualify for continuance. DEPUTY ASSESSOR DATE (2) NOTICE OF COMPLIANCE (HISTORIC PROPERTY) NEW OWNER(S): To continue special valuation as historic property, sign (3) below. If the new owner(s) does not wish to continue, all additional tax calcu- lated pursuant to chapter 84.26 RCW, shall be due and payable by the seller or transferor at the time of sale. (3) NEW OWNER(S) SIGNATURE PRINT NAME List all personal property (tangible and intangible) included in selling price. If claiming an exemption, list WAC number and reason for exemption: WAC No. (Section/Subsection) 458-61A-205(2) Reason for exemption Government Seller Typc of Document Statutory Warranty Deed Date of Document 1/24/20 Gross Selling Price $ r- Name City of Auburn *Personal Property (deduct) $ - Name Lexi Exemption Claimed (deduct) $ 0.00 A Washington Municipal Corporation 0.00 A Washin ton Limited LiabilityCompany 0.00 x w W z Mailing Address 25 W Main Mailing Address PO Box 1294 *Delinquent Penalty $ Z N City/State/zip Auburn, WA 98001-4998 0.00 City/State/Zip _ c� 0.00 Total Due $ 5.00 A MINIMUM OF $10.00 IS DUE IN FEE(S) AND/OR TAX Phone No. (including area code) (253) 341-3041 Phone No. (including area code) Send all property tax correspondence to: 0 Same as Buyer/Grantee List all real mid personal property tax parcel account numbers - check box if personal property List assessed value(s) Name 0492000460 El 0.00 Mailing Address 0492000461 ❑ 0.00 0492000463 ❑ 0.00 City/State/zip ❑ 0.00 Phone No. (including area code) © Street address of property: This property is located in Auburn (King) El ❑ Check box if any of the listed parcels are being segregated from another parcel, are part of a boundary line adjustment or parcels being merged. Legal description of property (if more space is needed, you may attach a separate sheet to each page of the affidavit) See Attached Exhibit A - Legal Description Select Land Use Code(s): 91 - Undeveloped land (land only) e enter any additional codes: (See back of last page for instructions) YES NO Was the seller receiving a property tax exemption or deferral ❑ ❑✓ under chapters 84.36, 84.37, or 84.38 RCW (nonprofit organization, senior citizen, or disabled person, homeowner with limited income)'? Is this property predominantly used for timber (as classified under ❑ ❑✓ RCW 84.34 and 84.33) or agriculture (as classified under RCW 84.34.020)'.' See ETA 3215 t YES NO Is this property designated as forest land per chapter 84.33 RCW? ❑ ❑✓ Is this property classified as current use (open space, farm and ❑ ❑✓ agricultural, or timber) land per chapter 84.34 RCW? Is this property receiving special valuation as historical property ❑ ❑� per chapter 84.26 RCW? If any answers are yes, complete as instructed below. (1) NOTICE OF CONTINUANCE (FOREST LAND OR CURRENT USE) NEW OWNER(S): To continue the current designation as forest laid or classification as current use (open space, farm and agriculture, of timber) land, you must sign on (3) below. The county assessor must then determine if the land transferred continues to qualify and will indicate by signing below. If the laid no longer qualifies or you do not wish to continue the designation or classi- fication, it will be removed and the compensating or additional taxes will be due and payable by the seller or transferor at the time of sale. (RCW 84.33.140 or RCW 84.34.108). Prior to signing (3) below, you may contact your local county assessor for more information. This land ❑ does ❑ does not qualify for continuance. DEPUTY ASSESSOR DATE (2) NOTICE OF COMPLIANCE (HISTORIC PROPERTY) NEW OWNER(S): To continue special valuation as historic property, sign (3) below. If the new owner(s) does not wish to continue, all additional tax calcu- lated pursuant to chapter 84.26 RCW, shall be due and payable by the seller or transferor at the time of sale. (3) NEW OWNER(S) SIGNATURE PRINT NAME List all personal property (tangible and intangible) included in selling price. If claiming an exemption, list WAC number and reason for exemption: WAC No. (Section/Subsection) 458-61A-205(2) Reason for exemption Government Seller Typc of Document Statutory Warranty Deed Date of Document 1/24/20 Gross Selling Price $ 0.00 *Personal Property (deduct) $ 0.00 Exemption Claimed (deduct) $ 0.00 Taxable Selling Price $ 0.00 Excise Tax: State 0.00 Less than $500,000.01 at 1.1 % $ 0.00 Fran $500,000.01 to $1,500,000 at 1.28% $ 0,00 From $1,500,000.01 to $3,000,000 at 2.75% S 0.00 Above $3,000,000 at 3.0% $ 0.00 Agricultural and timberland at 1.28% $ 0.00 Total Excise Tax: State $ 0.00 0.0050----1 Local $ 0.00 *Delinquent Interest: State $ 0.00 Local $ 0.00 *Delinquent Penalty $ 0.00 Subtotal $ 0.00 *State Technology Fee $ 5.00 *Affidavit Processing Fee $ 0.00 Total Due $ 5.00 A MINIMUM OF $10.00 IS DUE IN FEE(S) AND/OR TAX *SEE INSTRUCTIONS i I CERTIFY UNDER PENALTY OF PERJURY THAT THE FOREGOING IS TRUE AND CORRECT Signature of Signature of Grantor or Grantor's Agent Vu. 1i I. Grantee or Grantee's Agent . Name (print) Nancy Backus Name (print) Date & city of signing -Lb Date & city of signing Perjury: Perjury is a class C felony which is punishable by imprisonment in the state correctional institution for a maximum term of not more than five years, or by a fine in an amount fixed by the court of not more than five thousand dollars ($5,000.00), or by both imprisonment and fine (RCW 9A.20.020(l C)). REV 84 0001a (12/6/19) THIS SPACE - TREASURER'S USE ONLY COUNTY TREASURER INSTRUCTIONS Note: To report a transfer of a controlling interest in real property, please use the Real Estate Excise Tax Affidavit Controlling Interest Transfer Return, Revenue Form No. 84-0001 B. This form is available online at littp://dor.wa.gov. Section 1: If the sale involves property in more than one location code, use the Multiple Location Real Estate Excise Tax Affidavit. If sale is less than 100%, check the box "Check if partial sale" and fill in the percentage sold. Enter the name(s) of seller/grantor. This is the person(s) conveying interest in the property. Section 2: Enter the name(s) of buyer/grantee. This is the person(s) receiving interest in the property. List the percentage acquired after each name. Section 3: • Enter the name and address where you would like all future property tax information sent. • Enter the tax parcel number and current assessed value for real and personal property being conveyed. Check the box to indicate personal property. Section 4: • Enter the street address of the property. • Enter the county if in unincorporated area. Enter city name if located within a municipality. • Enter the legal description of the property. Section 5: Enter the appropriate land use code for the property. Please list all codes that apply on the lines provided in section 5. See WAC 458-53-030(5) for a complete list. 9 - Land with mobile home 10 - Land with new building 11 - Household, single family units 12 - Multi le family residence 13 - Multiple family residence (5 + Units) 14 - Residential condominiums (2-4 Units 15 - Mobile home parks or courts 16 - Hotels/motels 17 - Institutional Lodging (convalescent homes, nursing homes, etc.) 18 - All other residential not coded 19 - Vacation and cabin 21 - Food and kindred products 22 - Textile mill products 23 -:Apparel and other finished products made from 24 - Lumber and wood products fabrics, leather, and similar materials (except furniture) 25 - Furniture and fixtures 26 - Paper and allied products 27 - Printing and publishing 28 - Chemicals 29 - Petroleum refining and related industries 30 - Rubber and miscellaneous plastic products 31 -Leather and leather products 32 - Stone, clay and glass products 33 - Primary metal industries 34 - Fabricated metal products 35 - Professional scientific and controlling 39 - Miscellaneous manufacturing instruments; photographic and optical goods; watches/clocks manufacturing 50 - Condominiums -other than resi- 53 - Retail Trade - general merchandise 54 - Retail Trade - food dential 58 - Retail trade - eating & drinking 59 - Tenant occupied, commercial properties 64 - Repair services (restaurants, bars) 65 - Professional services 71 - Cultural activities/nature exhibitions 74 - Recreational activities (medical, dental, etc.) (golf courses, etc.) 75 - Resorts and group camps 80 - Water or mineral right 81 - Agriculture (not in current use) 83 - Agriculture current use 86 - Marijuana grow operations 87 - Sale of Standing Timber RCW 84.34 88 - Forest land designated 91 - Undeveloped Land (land only) 94 - Open space land RCW 84.34 RCW 84.33 95 - Timberland classified 96 - Improvements on leased land RCW 84.34 • Check yes if the seller was receiving a property tax exemption or deferral under RCW 84.36, 84.37, or 84.38 (nonprofit organization, senior citizen, or disabled person, homeowner with limited income). • Check yes if the land is primarily used for timber as defined by RCW 84.34 and 84.33 or agriculture as defined by RCW 84.34.020. See ETA 3215 for additional information. If the sale involves multiple parcels with different land use codes, complete the predominate use worksheet. Section 6: Indicate whether the property is designated as forest land per chapter 84.33 RCW, classified as current use (open space, fano, agricultural, or timber) per chapter 84.34 RCW, or receiving special valuation as historic property per chapter 84.26 RCW. Section 7: • List personal property included in the selling price of the real property. For example, include tangible (furniture, equipment, etc.) and intangible (goodwill, agreement not to compete, etc.). • Use Tax is due on personal property purchased without payment of the sales tax. Report use tax on your Combined Excise Tax Return or a Consumer Use Tax Return, both available at dor.wa.gov. • If you are claiming a tax exemption, cite the specific Washington Administrative Code (WAC) number, section and subsection and provide a brief explanation. Most tax exemptions require specific documentation. Refer to the appropriate WAC to determine documentation requirements. Chapter 458-61A WAC is available online at dor.wa.gov. • Enter the type of document (quit claim deed, statutory warranty deed, etc.), and date of document (MM/DD/YYYY). • Enter the selling price of the property. • Selling price: For tax purposes, the selling price is the true and fair value of the property conveyed. When property is conveyed in an arm's length transaction between unrelated persons for valuable consideration, there is a presumption that the selling price is equal to the total consideration paid or contracted to be paid, including any indebtedness. Refer to RCW 82.45.030 for more information about selling price. • Deduct the amount of personal property included in the selling price. • Deduct the amount of tax exemption claimed per chapter 458-61A WAC. INSTRUCTIONS CONTINUED • Calculate the state excise tax: The state portion of excise tax is calculated using a graduated tax rate structure. The amount of tax increases as the amount of the transaction increases. Each portion of the sales amount is taxed at a different rate. Exception: Property designated as farm and agriculture or timberland is taxed at 1.28% per 83.34 RCW. Instructions 1. Enter the sale amount that falls within the specific threshold in column A 2. Multiply the amount in column A by the state rate in column B, enter the results in column C 3. Enter the amount in column C on the appropriate threshold line on page 1 of the affidavit Example: This is how the state REET tax would be calculated on a sale totaling $1,600,000: Column A Column B Column C Threshold Amount within threshold amount State rate Tax 0 to $500,000 500,000 1.1% 5,500 500,000.01 — 1,500,000 1,000,000 1.28% 12,800 1,500,000.01 to 3,000,000 100,000 2.75% 2,750 3,000,000.01 and above 0 3.0% 0 Totals $1,600,000 $21,050 Calculate the state excise tax due using this chart: Column A Column B Column C Threshold Amount within threshold amount State rate Tax 0 to $500,000 1.1% 500,000.01 — 1,500,000 1.28% 1,500,000.01 to 3,000,000 2.75% 3,000,000.01 and above 3.0% Totals Enter the total tax due amount on the Excise Tax: State line on the first page of the affidavit. • Due date, interest and penalties: Tax is due at the time of sale/transfer. If tax is not paid within one month of the date of sale/transfer, interest and penalties will apply. The interest rate is variable and detennined per RCW 82.32.050. Delinquent penalties are 5% one month after the due date; 10% two months after the due date; and 20% three months after the due date. (RCW 82.45. 100) • State technology fee: A $5.00 electronic technology fee that is due on all transactions. (82.45.180) • Affidavit processing fee: A minimum of $5.00 shall be collected in the fonn of tax and processing fee. A processing fee is due on all transactions where no tax is due and on all taxable transactions where the tax due is less than $5.00 (RCW 82.45.180) Section 8: Both grantor (seller) and grantee (buyer), or the agent of each, must sign this fonn, certifying that all the information provided is correct. Note: Original signatures required on the "County Treasurer" copy. Signatures may be required on the "Assessors" copy. Check with your county. Audit: infonnation you provide on this fonn is subject to audit by the Department of Revenue. Underpayments of tax will result in the issuance of a tax assessment with interest and penalties. Note: in the event of an audit, it is the taxpayer's responsibility to provide documentation to support the selling price or any exemption claimed. This documentation must be maintained for a minimum of four years from date of sale. (RCW 82.45.100) Ruling requests: You may request a ruling on the taxability of the property transfer. Go to our website at dor.wa.gov/rulings or fax your request to 360-705-6655. Where to send completed forms: Completed fonns must be submitted to the County Treasurer's or Recorder's Office where the property is located. For tax assistance, contact your local County Treasurer/Recorder or visit http://dor.wa.gov/REET. To request this document in an alternate format, please call 360-705-6705. Teletype (TTY) users may use the Washington Relay Service by calling 711. REV 84 0001a inst. (11/18/19) Real Estate Excise Tax Affidavit Exhibit A - Legal Description BLOCK 7 IN L.W. BALLARD'S PARK ADDITION TO SLAUGHTER, ACCORDING TO THE PLAT THEREOF, RECORDED IN VOLUME 3 OF PLATS, PAGE 91, IN KING COUNTY, WASHINGTON; TOGETHER WITH THE VACATED WEST 10 FEET OF SILVER STREET (NOW "A" STREET N.W.) ADJOINING; EXCEPT THAT PORTION CONVEYED TO THE CITY OF AUBURN BY DEED RECORDED NOVEMBER 18, 2009, UNDER RECORDING NUMBER 20091118001497.