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Home My WebLink AboutA 20000515000442 . S ' ` , .. , • , _ ( Return Address: City Clerk's fJ�ce �@@@{��15000442 City of Renton CITY OF RENTON COY i4.�e I05S S: Grady Way PAGE 001 OF 007 0S/1S/2@0@ 09:58 � Renton WA 98055 K=�tc couNTY, wA Please print or type information ' � Document Titic(s): I i _ PARKING COVENANT/AGREEMENT � C" Reference Numhcr{s)of Documents assigned or released: .,��. (on page of document{s)� . I 0 c� � � Gran.tor(s) (Last name first,then first name and initials): 1. WAPO Investments, L.L.0 �n 2. �' 3. � 4. C! Additional names on page of document c� � Grantee(s)(Last name first,then first name and initials}: � � 1. City of Renton 2. � 3. 4. LI Additional names on page of document , LegaI Deseription (abbreviated: i.e.tat,block,plak ar sectian,totivnship,range): '� BLK 22 LOT 16 THRU 25 & HILLMANS EARLINGTQN GARDENS #1 LOTS 16 THRU I 25 LESS ST HWY TGW LOTS 34 THRU 38 TGW LOT 39 LESS N 20 FT OF E 135.05 FT TGW W 6d Ffi OF LO'T 40 LESS ST HWAY L , C� Additional legal is an page of document - � Assessor's Praperty Tax ParceVAccount I�lumber: . ' . 334040 380506 � . . . . ❑ Additional legal is on page of document � . . � The Auditor/Recocder�riII rely on the information provided on the form. The staff wi11 not read the document to ve ' the accura or com leteness of the indexin information rovided herein. I tl T �y .�' PARKING COVENANT Grantor: WAPO Investments, L. L. C. Grantee: City of Renton, WA Abbreviated Legal Description: 1415 Maple Avenue South Renton, WA Tax Assessor's Parcel No. 334040-3805 /�. � This Porking Covenont is mode on thisa doy of G�. �"' , 2000, by WAPO Investments, L. L. C., a Washington limited liability 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 -= ` o sits on the tract of real properfy described on Exhibit A attached hereto � (the "Property„) , s �, B. Owner has leased the Building and all parking and outside areas to MCI I � WORLDCOM Network Services, Inc., a Delaware corporation (the o "Tenant") by that certain Equipment Site Lease Agreement dated o October 1999 (the "Lease"). N C. Tenant has submitted to the City of Renton (the "City") a site plan (the "Site Plan") for the construction of technical space and supporting office space (the "Project") within the Building. The Sife Plan has Project Number 990354. In connection with the Site Plan, Owner has requested a modification from Section 4-4-080F10 of the City's parking regulations in order to provide sixteen (16) parking stalls, less than the minimum number of on-site parking spaces required by code, but more than �I sufficient for Owner's employee count at full employment. '� D. The City has agreed to approve the requested parking modification, provided that Owner executes and records upon substantial completion of this Project this Parking Covenant as a covenant running with the land. M:\pkoenig�f'oxm�spazking 1 Law and Public Policy Group Renton,WA Mazch 28,2000 AGREEMENT NOW, THEREFORE, in consideration of the covenants contained herein, and for other good 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: a. 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-one (31) parking stalls for a total of forty-seven (47) parking stalls , upon forty- five (45) days of written notice by the Administrator of the ��, City's Planning/Building/Public Work Department, which �- request shalt be at the Administrator's sole and complete � o discretion. 0 c� `r' c. Sixteen (16) stalls will be striped upon substantial completion ' �, of the Project. a 0 2. Upon application for any change in use, tenant improvements, o building permit, or business license for a new occupancy for the N 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 those currently submitted by the Tenant ma not be � y allowed unless it can be demonstrated that the on-site parking is sufficient. 4. The covenants set forfh herein constitute covenants running with the land, shall be binding upon the Properfy, and shall be binding upon Owner and its assigns. M:�pkoenig�f'orm�spazking 2 Law and Public Policy Group Renton,WA March 28,2000 ` � � 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 as set 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. OWNER: "` WAPO Investments, L. L. C. � � 0 0 0 � c- BY: � Tommy Lu, President o . 0 o _ � . City of Renton, WA B . ame• � ,�,�pf�L Titl . .��r�il�Pl`�/�.�t`�T �iR.-'�fl 11,�S D�i�-C-GT��- M:\pkoenig�form�sparking 3 Law and Public Policy Group Renton,WA Mazch 28,2000 � �1 � ACKNOWLEDGMENT WAPO INVESTMENTS, L. L. C. STATE OF WASHINGTON COUNTY OF ��1�� On this ��`day of _ l21 V , 2000, before me personally appeared Tommy Lu to me known to be the President of WAPO Investments, L. L. C. that executed the within and foregoing instrument, and acknowledged N the said instrument to be the free and voluntary act and deed of said company � for the uses and purpases therein mentionec�, and.on oa+h-sta.ted that he was � authorized to execute said instrument and that the seal affixed is the company � seal of said company. I � In witness whereof, I have hereunto set my hand and affixed my official I' C' sec�'�e,1d4�4rd year first above written. , , Q` � �.� S�t,� ••�ssioN�9�'i� ^ I � I�o��T�,� N,�� ` ;� :� _ R�: � �-,-�,��o� , � p �' �': � � � ' UB�►c ' Notary u lic in and for the . . �'�;�o- � 9,o`�•' ; S t a t e o f W a s h i g t o n ' �� FWq�µ� ` � Residing at: �IU�3711 (A�',/� My G�23�i�T�sion Expires: �T� t � M:\pkoenig�f'o:m�spazking 4 Law and Public Policy Group Renton,WA Mazch 28,2000 + ACKNOWLEDGMENT CITY OF RENTON, WA STATE OF WASHINGTON COUNTY OF KING � On this ��day of , 2000, before me personally appeared � ��h� u,a.ns� to me nown to be the�o�. Sr�s. �J;,r��c of the City n of Renton, Washington,that executed the within and foregoing instrument,and � acknowledged the s�id ir�str�ment to b� +h2 f�ee ar�d vel�nt�ry act an� deed r-. 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 written. .� � ��Y"t'UBLI�; STATE OFWASHII�GTON Nota Pu lic in and for th CO�IlM15SION EXPIRES ry JUNE 29,2003 State of Was ton Residing at: '��^ My Commission Expires: �LYI+! KAAAC�F ��`'�' Q�4°I9P�DIMMEM'D�IR�; '� M:\pkoenig�f'onn\spazking 5 Law and Public Policy Group Renton,WA Mazch 28,2000 I n . � + ! �, N � ' , R' � ' EXHIBIT A Landlord's Property � PARCEL A: N -r'!. � Lots 16 through 25, inclusive, and Lots 34 and 35, Block 22, C. D. Hillman's � Q Earlington Gardens Addition to the City of Seattle, according to the plat � thereof recorded in Volume 17 of Plats, page 74, in King County, Washington; r.._ EXCEPT that portion conveyed to the State of Washington under King County � Recording No. 5438167. � o PARCEL B: 0 � Lots 36 and 37, Block 22, C. D. Hillman's Earlington Gardens_Addition to the City of Seattle, Division No. 1, according to the plat 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 Lot 39, Block 22, C. D. Hillman's Earlington 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 porfion conveyed to the State of ' Washington for highway, under King Co�nty Recording No. 5438165. M:\pkoenig�f'onn�spazking 6 Law and Public Policy Group Rentoq WA Mazch 28,2000