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Return Address: 20140606000082
City Clerk KING COUNTY HO COV-RER 74.00
City of Renton PAGE-001 OF 003
1055 S Grady Way KING6COUNTY08WA6
Renton, WA 98057
AUDITOR/RECORDER'S INDEXING FORM
Document DECLARATION OF RESTRICTIVE COVENANT
Title(s):
Grantor(s): KING COUNTY HOUSING AUTHORITY
Grantee(s): CITY OF RENTON
Legal Lot 2, City of Renton Short Plat LUA-08-137-SHPL, as recorded under Recording No.
Description: 20100111900006,records of King County, Washington; said short plat being a portion of
Section 32,Township 23 North,Range 5 East,W.M.
Assessor's Property Tax Parcel/Account Number: 3223059362
DECLARATION OF RESTRICTIVE COVENANT
This Declaration of Covenants, Conditions, and Restrictions
is made on this: (i9 day of ,+/VI , 2014, by the KING COUNTY HOUSING
AUTHORITY, a Washington municipal corporation, the "Declarant," which is the owner of the
following real property known as the "Vantage Point Apartments", situated in the City of
Renton, King County, Washington. References to the "community" are references to all of the
property subject to this Declaration.
Lot 2, City of Renton Short Plat LUA-08-137-SHPL, as recorded under
Recording No. 20100111900006, records of King County, Washington; said short
plat being a portion of Section 32, Township 23 North, Range 5 East, W.M.
DECLARATION OF RESTRICTIVE COVENANT - 1
RECITALS
A. Declarant is developing the Vantage Point Apartments as an affordable senior rental
facility.
B. Given the nature of the units being constructed in the project and the fact that
Declarant intends to market the units as senior housing in accordance with the Fair
Housing Act, 42 U.S.C. §§ 3601-3631, as it exists or may be amended, it is extremely
unlikely that any of the residents of the Vantage Point Apartment will be school age
children.
C. As a result, the City of Renton agrees to waive the requirement that school impact
fees be paid pursuant to RMC 4-1-160.
D. In order to assure that the Vantage Point Apartments project does not violate the
assumption that the project will not include residents who are school age children, the
Declarant agreed to impose this Declaration of Restrictive Covenant on the property.
NOW, THEREFORE, the undersigned covenants, agrees, and declares that all of the
Vantage Point Apartments are, and will be, held, sold, and conveyed subject to and burdened by
the following restrictive covenant:
1. Senior Affordable Units. The Declarant, following completion of construction of the
Vantage Point Apartments, shall market all of the apartments as senior affordable
units.
2. Payment of School Impact Fees. At any time, in the event that any one or more of the
units include residents who are school age (kindergarten through grade 12) children,
Declarant shall be required to pay a school impact fee pursuant to RMC 4-1-160, as it
exists or may be amended, at the rate then in effect, for each unit occupied by one or
more school age children.
3. Non-Waiver. No waiver of any breach of this Declaration shall constitute a waiver of
any other breach, whether of the same or any other covenant, condition, or restriction.
4. Covenant Running with the Land. This covenant is intended to and shall run with the
land and shall be binding upon all persons purchasing, leasing, subleasing or
otherwise occupying any portion of the Vantage Point Apartments, their heirs,
executors, administrators, successors, grantees, and assigns.
5. Applicable Law. This Declaration shall be construed in all respects under the laws of
the State of Washington.
EXECUTED this of iv yw 2014.
KING COUNTY HOUSING AUTHORITY
DECLARATION OF RESTRICTIVE COVENANT - 2
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STATE OF WASHINGTON )
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COUNTY OF KING )
The undersigned, a N tart' Pubic ,ad for the State of Washington, duly commissioned and
sworn, ffirnx that VOL/WIG4 personally appeared before me, is known to be the
4t vd" of the KING COUNTY HOUSING AUTHORITY, a Washington
nkni pal corporation, who executed the foregoing instrument, and acknowledged this
instrument to be the free and voluntary act and deed of said municipal corporation, for the uses
and purposes therein mentioned, and on oath stated that he was authorized to execute said
instrument.
Given under my hand and official seal this'Iday of /Li__ , 2014.
P ' ted name: �l�d-' /M-e._ ���/T _3�i-.,,,...t�F� �,,,�
Notary Public/y-1 and fo� State of Washington, :.tick�t��44% �':
residing at /L�,t� : o s s s
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My appointment expires� J �G/ ; Q o .••••. s f-
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1131-covenant re school fees 6-5-2014
DECLARATION OF RESTRICTIVE COVENANT - 3