HomeMy WebLinkAboutA 20211015002047Instrument Number: 20211015002047 Document:TERM Rec: $208.50 Page-1 of 6
Record Date:10/15/2021 5:22 PM
Electronically Recorded King County, WA
AFTER RECORDING, MAIL TO:
City Clerk's Office
City of Renton
1055 S Grady Way
Renton, WA 98055
DOCUMENT TITLE: TERMINATION OF MULTI -FAMILY HOUSING PROPERTY TAX
EXEMPTION AGREEMENT FOR SUNSET TERRACE APARTMENTS
REFERENCE NUMBER(S) OF DOCUMENTS ASSIGNED OR RELEASED:
20190610000910
GRANTOR: CITY OF RENTON, a Washington municipal corporation
GRANTEE: COLPITTS SUNSET LLC, a Washington limited liability company
LEGAL DESCRIPTION:
LOT A OF THE CITY OF RENTON LOT LINE ADJUSTMENT NO. LUA 13-001114, AS
RECORDED IN VOLUME 302 OF SURVEYS, PAGES 162 AND 163, RECORDED
OCTOBER 02, 2013 UNDER RECORDING NUMBER 20131002900011 RECORDS OF
KING COUNTY, WASHINGTON. SITUATE IN THE CITY OF RENTON, COUNTY
OF KING, STATE OF WASHINGTON
ASSESSOR'S PROPERTY TAX PARCEL/ACCOUNT NUMBER(S): 7227801075
The Auditor/Recorder on thwill rely on the information provided
ided e form. The staff will not
read the document to verify the accuracy or completeness of the indexing information
provided herein.
Instrument Number: 20211015002047 Document:TERM Rec: $208.50 Page-2 of 6
Record Date:10/15/2021 5:22 PM King County, WA
TERMINATION OF MULTI -FAMILY HOUSING PROPERTY TAX EXEMPTION
AGREEMENT FOR SUNSET TERRACE APARTMENTS
THIS TERMINATION is entered into this ph day of 2021
by and between and the CITY OF RENTON, a Washington municipal corporation
(hereinafter referred to as the "City") and COLPITTS SUNSET LLC, a Washington
limited liability company (hereinafter referred to as the "Applicant").
The City and Applicant entered into that certain Multi -Family Housing Property
Tax Exemption Agreement for Sunset Terrace Apartments dated June 7, 2019 and
recorded with the King County Recorder's Office under Recording No.
201906100000910 related to property located at 2715 Sunset Lane NE, Renton,
Washington, and more fully described in Exhibit A attached hereto and incorporated by
this reference, ("Agreement"); and
NOW, THEREFORE, the City and Applicant do mutually acknowledge that the
Agreement is hereby terminated and no longer in effect.
[Signatures follow on the next page.]
Termination of Multi -Family Housing Property Tax Exemption Agreement
Sunset Terrace Apartments
Instrument Number: 20211015002047 Document:TERM Rec: S208.50 Page-3 of 6
Record Date:10/15/2021 5:22 PM King County, WA
IN WITNESS WHEREOF, the parties hereto have executed this Termination on the day
and year written above.
COLPITTS SUNSET LLC, A Washington Limited Liability Company
By: $Cap I CITIC NW Management LLC
Its. Ma
By: Ji tensen
'Its: MPinager
CITY OF RENTON, A Washington Municipal Corporation
C�
�- 10/ 14/2021
Armondo Pavone, Mayor
APPROVED AS TO FORM:
Shane Moloney, City Attorney
ATTEST:
Jason Seth, City Clerk
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Termination of Multi -Family Housing Property Tax Exemption Agreement
Sunset Terrace Apartments
Instrument Number: 20211015002047 Document:TERM Rec: $208.50 Page-4 of 6
Record Date:10/15/2021 5:22 PM King County, WA
STATE OF WASHINGTON
)ss.
COUNTY OF KING
On this 14th dav of October
before tht
'%two.
In witness whereof I have hereunto set my hand and affixed my offal seal the
i,ay and year first above written.
NOT RY PUTIC
Printed Name: Sandra J. Weir
Residing at , Kent WA
My commission expires 06/19/2023
W111VIrxr
Sunset Terrace Apartments
Instrument Number: 20211015002047 Document:TERM Rec: $208.50 Page-5 of 6
Record Date:10/15/2021 5:22 PM King County, WA
STATE OF WASHINGTON )
) ss.
COUNTY OF KING )
On this day ofn dd p 202 ,before the
undersigned, a Notary Public in and for the state of Washington, duly commissioned
and sworn, personally appeared before me Jim Christensen, to me known to be the
Manager of iCap Pacific NW Management LLC, the manager of Colpitts Sunset LLC
that executed the within and foregoing instrument and acknowledged said instrument to
be the free and voluntary act and deed of said party, for the uses and purposes therein
mentioned, and on oath stated that he was authorized to execute said instrument.
In witness whereof I have hereunto set my hand and affixed my official seal the
day and year first above written.
[notary seal]
Termination of Multi -Family Housing Property Tax Exemption Agreement
Sunset Terrace Apartments 4
Instrument Number: 20211015002047 Document:TERM Rec: 5208.50 Page-6 of 6
Record Date:10/15/2021 5:22 PM King County, WA
MULTI -FAMILY HOUSING PROPERTY
TAX EXEMPTION AGREEMENT
EXHIBIT A
LEGAL DESCRIPTION
LOT A OF THE CITY OF RENTON LOT LINE ADJUSTMENT NO. LUA 13-001114, AS
RECORDED IN VOLUME 302 OF SURVEYS, PAGES 162 AND 163, RECORDED
OCTOBER 02, 2013 UNDER RECORDING NUMBER 20131002900011 RECORDS OF
KING COUNTY, WASHINGTON. SITUATE IN THE CITY OF RENTON, COUNTY
OF KING, STATE OF WASHINGTON
Termination of Multi -Family Housing Property Tax Exemption Agreement
Sunset Terrace Apartments
Exhibit A — Legal Description