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HomeMy WebLinkAboutC_Letter_Of_Understanding_Geological_Risk_221010_v1H:\005 Current or Active Projects\Longacres - Sounders LL Work\04 - Design and Permitting\4_02_Permitting\02_Permits\24_Field Entitlement\Letter of Understanding of Geological Risk.docx September 27, 2022 City of Renton Development Services Division 1055 Grady Way Renton, WA 98057 RE: Letter of Understanding of Geological Risk Conditional Use Permit Application - Sounders FC Center at Longacres Unico Longacres South Building LLC, a Delaware limited liability company, Unico Longacres South Campus Land LLC, a Delaware limited liability company, and Unico Longacres Central Drainage LLC, a Delaware limited liability company (collectively, “Owners”), are the owners of the real property that is the subject of the above-referenced Conditional Use Permit application. The Owners understand and accept the risk of developing in an unstable area. The Owners will advise, in writing, any prospective purchasers of the site, or any prospective purchasers of structures or portions of structures on the site, of the unstable potential of the area. [signatures next page] Letter of Understanding of Geological Risk Page 2 Sincerely, UNICO LONGACRES SOUTH BUILDING LLC, a Delaware limited liability company By: Unico Longacres Investment Partners LP, a Delaware limited partnership, Manager By: Unico Longacres Investment Partners GP LLC, a Delaware limited liability company, General Partner By: Unico Investment Group LLC, a Delaware limited liability company, Sole Member By: Name: Title: UNICO LONGACRES SOUTH CAMPUS LAND LLC, a Delaware limited liability company By: Unico Longacres Investment Partners LP, a Delaware limited partnership, Manager By: Unico Longacres Investment Partners GP LLC, a Delaware limited liability company, General Partner By: Unico Investment Group LLC, a Delaware limited liability company, Sole Member By: Name: Title: UNICO LONGACRES CENTRAL DRAINAGE LLC, a Delaware limited liability company By: Unico Longacres Investment Partners LP, a Delaware limited partnership, Manager By: Unico Longacres Investment Partners GP LLC, a Delaware limited liability company, General Partner By: Unico Investment Group LLC, a Delaware limited liability company, Sole Member By: Name: Title: Ned Carner CIO Ned Carner CIO Ned Carner CIO