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HomeMy WebLinkAboutRC 8902100191 � �._ , • . . ; . . , , KBI Diversified, R-OA5-88 , • AGREEMENT CREAT�NG RESTRICTIVE COVENANT KBI DZVERSIFIED, LTD. hereby sub�ects the followzng described property to �h� following Restrictive Covenants: The North 75 �eet of Lot 13 , and Lots 14 , 15 and 16, all in Harries Garden Home Tracfi.�, aa�ordinq to the plat thereoE recorded in Valume 34 0� Plats, page 38, records of King County, Washingt�n. Al1 _ �ituate in ths City of R�n�on, Caunty of King, � state of washington. � 0 WHEREAS, KBI DIVERSSFTED, LTD. has applied to the Ci�y Q� N Rentan for a rezone of approximately 1. 4 acres of property fr�m , Q� R-]. to R�3 ancf f�r approval of a site plan to allow construction ` � of a 148-unit apartment �amplex on 5. 74 acres of property which will include the 1. 4 acres reque��ed to be rezaned as well as an ad�acent parcel oP approximate�.y 4 . 34 acres which ig now zoned R-4 ; and WHEREAS, the hearinq examiner has reG�mmended approval of th� rexort� an condition that Restrictive Cov�nants be Piled by the Appl.icant limiting the development af tre 5. 74-acre site ta 18 residen�ial units per acre with the exceptic�n that if �he 5.74 i acres is develaped pursuant to the site plan Piled with the � applicatifln in File No. R-005-88 and SA-005-88, such prflper�y may be developed to a density oP 18.8 units per acre; and WHEREAS, the applicant is desiraus of achieving the rezane of the 1.4 ttcres and to develop �he property in accordance with the approved g�te p�an. NOW, THEREFflRE, the deveZaper adapts the following Restri.Ctive Govenant�: . _. � _ _� _ _ ._ __ _ _ �=� f II�D �'�R R£CORD �T REQUEST I�r �� _ - � �� OFFICE Of TNE CIT�CLEAK RENTON MUNICIPAI,BI�D6. 200 Nill AYE.S0. RFNTqN,WA 9 .�M'a5 _ 1 ' �F �. - . . � � i. These covena�ts run with tha land and bind a11 succes�ive tuture owners who shaYl be bound to the covenants as - if they were the ax�igina� signerg hereof. II. These covenants apply to the 5.74 acres contained within the North 75 feet of Lo� 13 and Lots 14 , 1� and I6 in Harries Garden Home Tractg, according to the plati thereaf _ recorded in Volume 34 af Plats, page 38, recards af K�ng County, � washington, laaated in the City of Renton, County df King, state O 0 of Washingtcn. N � III . Deveiopment af the 5.74 �cres oP property shall be Q� °� limited to a density o� not more than 18 units p�r acre with the exceptiotl that should the propearty be developed itt aGcordance wi.th the a roved site lan submitted in conn�ction with File pp p No. R-005-88 and SA-005-88, then such density should be al�owed to be 18.8 units per acre over the entire 5.74 acrea. ' IV. These rescrictive cavenant� shall take effect and be in full Porce upon the axecution by KBZ Diversified, the approval of the rezone of the 1.4 acres fram R-1 to R-3 and the recording of the�e covennnts with the appropriate authoritie� of King count�►, Washingtcn. IN WITNESS WHEREOF, KBI DIVERSIFIED� LTD. has this ��day of , 1989 executed these Regtrictive Covenants. KBI DIVERS IED, b. By enneth P. xester President - 2 - � , iF . e • . f . � . • ' � STATE OF WASHINGT�N ) ) ss. � C4UNTY OF KIN� ) On this day personally appeare� befare me KENNETH P. kESTER, to me known to be the President af KaI DIVERSIFI�D, LTD� the corporation that executed the within and foregoinq instrument, and acknowledged said ingtrument to be the free and voluntary act and deed of said corporation, for the uses and purposes therein mentiQned, and an oath stated that he was authorized to �xecute said instrument. IN WITNESS WHEREOF, I have hereunt et my hand and affixed _ my official seal the �� �, day af , 1�8�. Q` O ' � NOTARY PUBL C n and f Stat N oP Washington, re�idinq at �,��,���'`f � My commission expires: �i-zzr -$'9 00 - 3 -