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Home My WebLink AboutL_Parking_Covenant_190710.pdf)�e um Addressr City Cleric's Office City of Renton 1055 S. Grady Way Renton'WA, 98455 on iL 1 24 go a15Na,NR75ft80*, Please print or type inh madon Ducumant 7Ciflc(sj: PARKING COVENANT/AGREEMENT 'Reference Numbers) of Documents =Igned or released: [on papa pfdocumani(s)l Grantor(s) 0,ist namt Arlt, t1tGn first natnc and udbds) 1. WAPO Isivestment s, 2. 3 4, 13 Addbtional names on pagp_____nfdccwnant Grantcc(s) (Last name Mrs4 then -first name. and initials) 1. city of Renton 2 3 4 0 Addidouri names on pn; a pf document % a1I]esE ptivr+ (abbra wed % e int, block, plat or mtorr, tomntship, ran8G) BLK 22 LOT 16 THRU 25 & Fi "LLMANS EARLINGTON CGARUE:TS #1 LOTS 16 TRRti 25 LESS ST ".mitt TOW LOTS 34 9HRU 38 `OW LOT 39 LESS N 20 FT OF E 135 45 n IGW Sof &U FT OF LOT 40 LESS ST HWAY El Ad4it2owJ legal is ort paper of document Assess es Property TaxRarmlfAccoant number: 334444 380506 U Adktiond lega is onvape of document The Auditor/Recorder will rely on the lr& nnataon provided on the farm. The staff will not read the dacumtnt to wify the accuLig or corn teteness of the hjkA _gg Wormation provided'herein, Grantor. Grantee: Abbreviated Legal Description: Tax Assessor's Parcel No. PARKING COVENANT WAPO Investments, L. L. C. City of Renton, WA 1415 Maple Avenue South Renton. WA 334040-3805 This Parking Covenant is made on thiAday of 41-1h, , 2WQ, by WAPO Investments, L. L. C., a Washington limiled lic billty company (the "Owner"). RECITALS: A. Owner owns that certain building located at 1415 Maple Avenue South, -� in the City of Renton, County of King, Washington (the "Building") which sits on the tract of real property described on Exhibit A attached hereto [the "Property„). B. Owner has leased the Building and all parking and outside areas to MCI Vs ORLDCOM Network Services, Inc., a Delaware corporation (the "Tenant") by that certain Equipment Site Lease Agreement dated c -s October 1999 (the "lease"). C. Tenant has submitted to the Uty of Renton (the "City"j a site plan (the "Site Plan") for the construction of technical space and supporting office space (the "Project") within the Building. The Site Plan has Project Number 990354. In connection with the Site Plan, Owner Inas requested a modtfication from Section 4-4-OBOFIO of the City's parking regulations in order to provide sixteen (16) parking stalls, less than ttae minimum number of on-site parking spaces required by code, but more than sufficient for Owner's employee count at full employment. D. The City has agreed to approve the requested pcariang modification, provided that Owner executes and records upon substantial completion of this Project this Parking Covenant as a covenant running with the land. b.i I'm mi plkto Poll%i3equp Renun, LATA M&-th2& I1(I(E AGREEMENT NOW, MEREFORE, in consideration of the covenants contained herein, and for other goad and valuable consideration, Owner hereby agrees as follows: 1. The sixteen ( 16) parking stalls will be referenced in Recital B, above, will be provided as follows: M Thirty -One parking stalls of the existing forty-seven (47) parking stalls will have striping removed upon substantial completion of the Project. b. Upon termination of Tenant's Lease and any renewals thereof. Owner agrees to reinstate the thirty. -arse (31 J parking stalls for a total of Forty-seven [47) parking stalls , upon forty- five [45) gays of written notice by the Administrator of the City's Planning/Building/Public Work Department, which request shall be at the Administrator's sole and complete discretion. C. Sixteen (16) stalls will be striped capon substantial completion of the Project. 2. Upon application for any change In use, tenant improvements, budding permit, or business license for a new occupancy for the C'' subject property, a parking analysis must be submitted for the City's review and approval for compliance with code and planning regulations in Force at the time of the application. 3. Future changes of use that expand present uses or employee counts beyond these currenity submitted by the Tenant may not be allowed unless It oan be demonstrated that the on -Site parking Is sufficient. 4. The covenants set forth herein constitute covenants running with the land, shalt be binding upon the Property, and shall be binding upon Owner and Its assigns. M 1P1fflW_711M 2 tam exact?Wio Pd�q &,wp ROAM WA mu* 28, 2ml 5. The provision of this Parking Covenant shall continue In full force and effect in perpetuity from the date hereof, unless terminated with the express consent of the City asset forth in an executed and acknowledged Instrument recorded in the real property records of King County, Washington. IN WITNESS WHEREOF, Owner has executed this Parking Covenant as of the date first written above. M �TAXp e'5.,,AVftkMg Ronton. WA OWNER: WAPO Investments, L. L. C. By: Tommy Lu, President City of Renton, WA am AtvN Tit �r �'F- V�rli. C) D I R -6C -t oP--. t. Kjj i'A"to t%oj�y Cr'M� MMhAIM ACKNOWLEDGMENT WAPO INVESTMENTS, L. L. C STATE OF WASHINGTON COUNTY OF V J" On this a46 day of i L,- 2DO0, before me personally appeared Tammy Lu to me known to be the President of WAPO Investments, L. L. C. that executed the within and foregoing instrument, and acknowledged the said instrument to be the free and voluntary tact and deed of Bald company for the uses and purposes therein mentioned, and on oath stated that he was authory-ed to execute sold instrument and that the seal affixed Is the company seal of said company. In witness whereof, l have hereunto set my hand and affrxed my official a4 she f rte' gftd year first above written. PUBLIC ;t " - :- Expires: i L4�6v--'7 My Notary Ikublic In and for the State of Wash gton Residing at: 1� i WA :wl „�Se rccm�sya,iung d Law and fWlm P01,e7 orow Rwd u a, WA NW& 28 16L'4 ACKNOWLEDGMENT CITY -OF RENTON, WA STATE OF WASHINGTON COUNTY OF KING On this t�!day of _ 2000, before me personally appeared tome nown to ire the of the City of Renton, Washington, that executed the within and foregoing Instrument, and acknowledged the Bald Instrument to be the free and voluntary act and deed of City, for the uses and purposes therein mentioned, and on oath stated that he was authorized to execute said instrument and that the seal affixed is the seal of said City. In witness whereof, I have hereunto set my hand and affixed my official seal the day and year first above w(liten. tHT PUBLIC STATE OFINASHfNGMN COMMISSIONEXPIRESJUNE 2912 My Commission Expires: Notary Pu tic in and for theu State of Was tan Residing rat:• - �.f ydcaem¢Sam?s}x�rkmg S 3.rvw aaxl Puhlu R71.ny fixttup 1Laiian, W'R :�daach a8, X700 EXHIBIT A Landlord's Property PARCEL A: Lots 16 through 25, inclusive, and Lots 34 and 35, Block 22, C. D. Hillman's Eariington Gardens Addition to the City of Seattle, according to the plat thereof recorded in Volume 17 of Pleats, page 74, in King County, Washington; EXCEPT that portion conveyed to the State of Washington under King County Recording No. 5433167. PARCEL B. Lots 36 and 37, Block 22, C. D. Hillman's Eorlington Gardens Addition to the City of Seattle, Division No. 1, according to the pint thereof recorded in Volume 17 of Plats, page 74, in King County, Washington. PARCEL. C: Lot 38 and the west 60 Feet of Lots 39 and 40, and the south 20 feet of the east 135.05 feet of Leat 39, Block 22, C. D. Hillman's Earlingtcn Gardens Addition to the City of Seattle, according to the plat thereof recorded in Volume 17 of Plats, page 74, in King County, Washington; EXCEPT portion conveyed to the State of Washington for highway, under King County Receding No. 54381 c55. M s tri L-A pjbk PokyOmmp HeasEm, Wei Mrr& 28 zow