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Home My WebLink About20220429001282 Option to purchase11/19/25, 12:31 PM Landmark Web Official Records Search Instrument Number: 20220429001282 Document:OPT Rec: S210.50 Page-1 of 8 Record Datc:4/29/2022 3:05 PM Electronically Recorded King County, WA After recording return document to: City Clerk City of Renton 1055 S. Grady Way Renton, WA 98057 DOCUMENT TITLE: OPTION TO PURCHASE AND RIGHT OF FIRST REFUSAL RECORDING NUMBER OF DOCUMENT(S) ASSIGNED OR RELEASED: N/A GRANTOR(S): ROBERT G. PERELLI, as a separate estate' GRANTEE(S): CITY OF RENTON, a Washington municipal corporation ABBREVIATED LEGAL DESCRIPTION: LOT 11, BLOCK 3, RENTON FARM PLAT 2 ADDITIONAL LEGAL DESCRIPTION ON PAGE(S): 24 5d ASSESSOR'S TAX PARCEL NO(S): OLD REPUBLIC TITLE LTD 7224000205 a-1 ._1 9'Zo 2 --! OPTION TO PURCHASE AND RIGHT OF FIRST REFUSAL This Option to Purchase and Right of First Refusal ("Agreement") is entered into this day of V �1 , 2022, by and between the City of Renton, a Washington municipal corporation ("City"), and Robert G. Perelli, as a separate estate ("Owner"). WHEREAS, Robert G. Perelli is the owner of that certain real property located at 144 Park Avenue North, Renton, Washington 98057, legally described as follows (hereinafter referred to as the "Property"): 1 https://recordsearch.kingcounty.gov/LandmarkWeb/search/index?theme=.blue&section=searchCriteriaParcelld&quickSearchSelection=# 1/22 11/19/25, 12:31 PM Landmark Web Official Records Search Instrument Number: 20220429001282 Document:OPT Rec Record Date:4/29/2022 3:05 PM King County, WA ,A Lot 11, Block 3, Renton Farr Volume 10 of Plats, page 97, r( EXCEPT the East 5 feet thereof SITUATE in the County of King, The City and Owner hereby aul legal description of the Pr p+ rty if ur description previously entered if error or WHEREAS, AS, the City and the % for the property located at 140 Park Property') and City also desires to pur https://recordsearch.kingcounty.gov/LandmarkWeb/search/index?theme=.blue&section=searchCriteriaParcelld&quickSearchSelection=# 2/22 11/19/25, 12:31 PM Landmark Web Official Records Search .A f the Property and Adjacent Property WHEREAS, the Owner is not re, M to Ovethe City are Option to Purchase r r 'ded for in the concurrently Property and such further consid r tik NOW, THEREFORE, the parties A. AGREEMENT TERM. This A rE Parties and any successor in interest t Period, as defined below, B. OPTION TO PURCHASE: .PPtion Perms. Owner Property for its fair market value ("01 https://recordsearch.kingcounty.gov/LandmarkWeb/search/index?theme=.blue&section=searchCriteriaParcelld&quickSearchSelection=# 3/22 11/19/25, 12:31 PM Landmark Web Official Records Search https://recordsearch.kingcounty.gov/LandmarkWeb/search/index?theme=.blue&section=searchCriteriaParcelld&quickSearchSelection=# 4/22 11/19/25, 12:31 PM Landmark Web Official Records Search Instrument Number: 20220429001282 Document:OPT Rec Record Date:4/29/2022 3:05 PM King County, WA A commence upon this Agreement bear thirty (30) years from the date this declining or failing to timely exerclsE below ("Option Period`). . Del Iv r of Offer to EXE otherwise transfer possession or rigi agent, or an authorized rprnati\ City to exercise its Opt ion for a pu r ha https://recordsearch.kingcounty.gov/LandmarkWeb/search/index?theme=.blue&section=searchCriteriaParcelld&quickSearchSelection=# 5/22 11/19/25, 12:31 PM Landmark Web Official Records Search value, Unless separate means of del delivery of the Owner's offer shall b on the City and the City's Acceptance such delivery has occurred, I 8cceptance Period and excise its Option shall remain ain open exclusive to the City for thirty (30) d , City will respond Frith"Irr the Acceptant If the City exerclsesits Option within and the Parties -will sign' a purchas( substantially the same or similar to th i the Adjacent Property, subject to ai r eulatory rPnnir mPnfq_ Tho mirr hn, https://recordsearch.kingcounty.gov/LandmarkWeb/search/index?theme=.blue&section=searchCriteriaParcelld&quickSearchSelection=# 6/22 11/19/25, 12:31 PM Landmark Web Official Records Search — — IV -- — — per — m .w �nn..mr.� s wr r ■ ■ +rr r r +M *T* # 0 1 Nw PF %A 1 %W ■ f "q https://recordsearch.kingcounty.gov/LandmarkWeb/search/index?theme=.blue&section=searchCriteriaParcelld&quickSearchSelection=# 7/22 11/19/25, 12:31 PM Landmark Web Official Records Search Instrument Number: 20220429001282 Document:OPT Rec Record Date:4/29/2022 3:05 PM King County, WA later than ninety (90) days after the ( Unless mutually agreed otherwise, tt hall expiry if the City causes the sale M City accepted the offer to exerciseits 4• Appraisal. If the pity eN market value within the Acceptant contemplate that the fair market va]L The appraisal shall be performed ind https://recordsearch.kingcounty.gov/LandmarkWeb/search/index?theme=.blue&section=searchCriteriaParcelld&quickSearchSelection=# 8/22 11/19/25, 12:31 PM Landmark Web Official Records Search state certified residential appraiser condition at the time of sale, At Own r ppratsa I or request the City to obtZ, accuracy of a City obtained appraisal, independent appraisal from a certified higher of the two pr i I Will b Property, 5. During the Option Per! transfer the right to possess or reside in rri i rig by the City; B 'b4RIGHT OF FIRST REFUSAL: c For six ,() months aftE R frjq-;aI Pprindlly- t wnprW mnv mnrkot f https://recordsearch.kingcounty.gov/LandmarkWeb/search/index?theme=.blue&section=searchCriteriaParcelld&quickSearchSelection=# 9/22 11/19/25, 12:31 PM Landmark Web Official Records Search ■ ■ — ■ — w — ■ ■ — ■ ■ err , M I r 'wM A - ■ I w 1 !1 'I 1 ,%p i IF M II '%A 9 ■ w low %p R https://recordsearch.kingcounty.gov/LandmarkWeb/search/index?theme=.blue&section=searchCriteriaParcelld&quickSearchSelection=# 10/22 11/19/25, 12:31 PM Landmark Web Official Records Search Instrument Number: 20220429001282 Document:OPT Rec Record Date:4/29/2022 3:05 PM King County, WA r any offer or enter "Into any a reem r Y bil ity ,o sell the Property without fir! offer received by Owner. If the Own f First Refusal Period to purchase r such offer, shall offer to ,allow ,the Cit Owner's offer to the City shall In luidi Y fi r, including -the name of the prof refusal for a period of thirty (30) day https://recordsearch.kingcounty.gov/LandmarkWeb/search/index?theme=.blue&section=searchCriteriaParcelld&quickSearchSelection=# 11/22 11/19/25, 12:31 PM Landmark Web Official Records Search Property on the sane or better terms The City shall notify intent to exercise or not exercise it received by the Owner, If the City ch the third party's party'offer that the City chc City chooses not to exercise its right V Match Period, and the Owner does n ( offered, this Agreement shall continu Fight of First Refusal Period,, . . GENERAL TERMS AND CONDITI The following terms and condition, w The Parties agree that 1 https://recordsearch.kingcounty.gov/LandmarkWeb/search/index?theme=.blue&section=searchCriteriaParcelld&quickSearchSelection=# 12/22 11/19/25, 12:31 PM Landmark Web Official Records Search — — -- . . — — # — n — V — — . a • wry ern • ■ ■ — ■ err — • 11 1 %wr' Al 4 w %A 0 0 %A https://recordsearch.kingcounty.gov/LandmarkWeb/search/index?theme=.blue&section=searchCriteriaParcelld&quickSearchSelection=# 13/22 11/19/25, 12:31 PM Landmark Web Official Records Search Instrument Number: 20220429001282 Document:OPT Rec Record Date:4/29/2022 3:05 PM King County, WA 14 the Property that conflicts with the � conflict. This Agreement shall b( potential purchasers or tenants on no, Its Option to Purchase or fawns to rsp( for the City"s signature a document foi term of the ity's Option to Purchase not unreasonably refuse or fail to sigi https://recordsearch.kingcounty.gov/LandmarkWeb/search/index?theme=.blue&section=searchCriteriaParcelld&quickSearchSelection=# 14/22 11/19/25, 12:31 PM Landmark Web Official Records Search provided document, the City will pr( believes its Option to Purchasehas " language proposed to be used by. Own 0 I n r ' h ll not sell, re the Agreement Terre without written his equity in the Property without firs r rn r r+ i rat of the Property and terms of this Agreement, Including th( the security Interest foreclose their int " 4. This Agreement shall rui in interests to the property. https://recordsearch.kingcounty.gov/LandmarkWeb/search/index?theme=.blue&section=searchCriteriaParcelld&quickSearchSelection=# 15/22 11/19/25, 12:31 PM Landmark Web Official Records Search https://recordsearch.kingcounty.gov/LandmarkWeb/search/index?theme=.blue&section=searchCriteriaParcelld&quickSearchSelection=# 16/22 11/19/25, 12:31 PM Landmark Web Official Records Search Instrument Number: 20220429001282 Document:OPT Rec Record Date:4/29/2022 3:05 PM King County, WA M 9 0 r ft 0 Do I'n addition tothe consid r tl n pr the City will pay Owner through the $2,000.00, hl h amount h ll not Property and is paid, fo Owner as con pay this sum and the effectiveness of 1 Adjacent Property to the City. https://recordsearch.kingcounty.gov/LandmarkWeb/search/index?theme=.blue&section=searchCriteriaParcelld&quickSearchSelection=# 17/22 11/19/25, 12:31 PM Landmark Web Official Records Search OWNER: Y CITY OF RENTON: (D r M 04/0 /202 N M A rm o h d o. vo a, Mayor, A # IIIa o ATTEST: N i R '7+ r ,r «, Jason Seth, City Clerk https://recordsearch.kingcounty.gov/LandmarkWeb/search/index?theme=.blue&section=searchCriteriaParcelld&quickSearchSelection=# 18/22 11/19/25, 12:31 PM Landmark Web Official Records Search J n • � J 1 • ' � J w u • https://recordsearch.kingcounty.gov/LandmarkWeb/search/index?theme=.blue&section=searchCriteriaParcelld&quickSearchSelection=# 19/22 11/19/25, 12:31 PM Landmark Web Official Records Search Instrument Number: 20220429001282 Document:OPT Rec Record Date:4/29/2022 3:05 PM King County, WA STATE OF�SS COUNTY OF j On this 6%LL day of Robert G. Pere li, and to rye knoWn tc who -executed the within instrument'. b s her/their free and voluntary act anon oath stated tha e she/they v 104 ip it. vt https://recordsearch.kingcounty.gov/LandmarkWeb/search/index?theme=.blue&section=searchCriteriaParcelld&quickSearchSelection=# 20/22 11/19/25, 12:31 PM Landmark Web Official Records Search '14% ht I STATE OF Washington )SS COUNTY OF king ) On this LEI day of April rrnondo Pavone, and to me know person(s) who executed the within was/were authorized to execute the ii of Renton to be free and voluntary mentioned in the instrument. Y 'pItA J 'Wolf dW A 0Md 900, I TU6 AZ Lo WAS https://recordsearch.kingcounty.gov/LandmarkWeb/search/index?theme=.blue&section=searchCriteriaParcelld&quickSearchSelection=# 21/22 11/19/25, 12:31 PM Landmark Web Official Records Search https://recordsearch.kingcounty.gov/LandmarkWeb/search/index?theme=.blue&section=searchCriteriaParcelld&quickSearchSelection=# 22/22