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HomeMy WebLinkAboutPK08-317 - Other - Pacific Northwest Title - Closing Statement for Purchase of 1118 Central Avenue South - 11/21/2008 Records Mana"`�"� g� '�Ie�­ men - KENT Document WASHINGTON CONTRACT COVER SHEET This is to be completed by the Contract Manager prior to submission to City Clerks Office. All portions are to be completed. If you have questions, please contact City Clerk's Office. Vendor Name: Pacific Northwest Title Company Z,5Ca- f 5,e I (a Yl p jp�-v 4 Vendor Number: JD Edwards Number ^7 Contract Number: �1Cb9 — 3 j / This is assigned by City Clerk's Office Project Name: Closing Statement for Scarsella Property Description: ❑ Interlocal Agreement ❑ Change Order ❑ Amendment ❑ Contract ®.Other: Buyer's Estimated Closing Statement Contract Effective Date: 11/21/2008 Termination Date: Contract Renewal Notice (Days): Number of days required notice for termination or renewal or amendment Contract Manager: Charlie Lindsey Department: Parks/Facilities Detail: (i.e. address, location, parcel number, tax id, etc.): 1118 Central Ave S, Kent Wa. 98032 __ S.Publlc\RecordsManagement\Forms\ContractCover\adcc7832 1 11/08 PACIFIC NORTHWEST TITLE Company of Washington, Inc. DECLARATION OF ESCROW SERVICES SELLER and/or PURCHASER/BORROWER acknowledge by their signatures below the following: 1. That the ESCROW AGENT is not acting as the advocate or representative of either party. 2 . That the documents submitted to this escrow will affect the legal rights of both parties 3 . That the parties interest in the documents may differ. 4. That each of the parties have a right to be represented by a lawyer of their own selection. 5. That the undersigned acknowledge that they have been advised that the ESCROW AGENT will not prepare any legal documents in connection with this escrow, and that the undersigned may select an attorney of their own choosing to do so. 6 . That the ESCROW AGENT cannot give legal advice as to the matter in which the documents affect the panties. Received and acknowledged this day of /✓ 20 � . PURCHASER/BORROWER: CITY OF KENT A WASHINGTON MUNICIP CORPORATION i_� BY: E OOKE, MAYOR : FRANK A. SCARSELLA MARIA L. SCARSELLA KENT OFFICE 116 Washington Avenue North A Kent,WA 98032-5717 • (253) 520-0805 'L Fax: (253)520-0864 http//pnNvtcom A email kent@pnrvt com -_j Date: 12-Nov-08 Time: 10:36 AM BUYER(S) ESTIMATED CLOSING STATEMENT Prepared by PACIFIC NORTHWEST TITLE COMPANY 116 WASHINGTON AVENUE NORTH KENT, WASHINGTON 98032 (253) 520-0805 Buyer(s) : CITY OF KENT Seller(s) : FRANK A. SCARSELLA, MARIA L. SCARSELLA Lender: Property: 1118 CENTRAL AVENUE SOUTH KENT WA 98032 Est Closing Date: 11/21/2008 Proration Date: 11/21/2008 Escrow Officer: JEAN JOHNSON File Number: 63122195 DEBIT CREDIT SALES PRICE 407,500 .00 DEPOSITS: EARNEST MONEY/DEPOSIT FROM BUYER 10, 000 . 00 REMITTER: CITY OF KENT CREDIT-LITIGATION GUARANTEE 1, 312 .25 REMITTER: CITY OF KENT ESCROW CHARGES: ESCROW CHARGES 763 .00 PAYEE: PACIFIC NORTHWEST TITLE DOCUMENT PREPARATION FEE 20 . 00 PAYEE: EDWIN C. LAGERQUIST, INC. PS RECORDING FEES/TRANSFER CHARGES: RECORDING FEES Deed amount $55 . 00 55 .00 PAYEE: PACIFIC NW TITLE SUBTOTALS: 408,338.00 11, 312 .25 BALANCE DUE FROM BUYER: 397, 025 .75 TOTALS: 408,338 . 00 408, 338 . 00 The undersigned acknowledge the above information was assembled from sources other than this company and therefore, this company cannot guarantee the accuracy thereof. Interest on existing liens is figured to the date indicated and additional interest may have to be collected, if necessary to secure release from the lienholder. We approve the foregoing settlement statement, in its entirety, authorize payments in accordance therewith and acknowledge Lsle ipt of a copy thereof. eller and Purchaser further acknowledge that all estimated statements bject to audit and correction for error and omission. 7Y OF BY: BY: PA I C NORTHWEST TITLE COMPANY BY: Page: 1 LIMITED ENGAGEMENT LETTER REGARDING J PREPARATION OF DOCUMENTS REFERENCE ESCROW NO. 63122195 The law firm of Edwin C Lagerquist, Inc., P S ("ECL") has been requested by FRANK A. SCARSELLA AND MARIA L. SCARSELLA, HUSBAND AND WIFE as Party 1 and CITY OF KENT, A WASHINGTON MUNICIPAL CORPORATION as Party 2 to prepare the documents hereinafter described in connection with the real property commonly known as. 1118 CENTRAL AVENUE SOUTH KENT WA 98032 {x} Statutory Warranty Deed and Excise Tax Affidavit LIMITED PREPARATION INFORMATION: The documents shall be consistent with the forms approved by the Washington Supreme Court for preparation by Limited Practice Officers pursuant to APR 12 ("approved forms") and will be prepared in accordance with the information provided by the parties to the escrow agent, Pacific Northwest Title Company of Washington, Inc (Pacific Northwest Title) The parties understand that the only information provided ECL for preparation of the documents will be the legal and personal property descriptions, exceptions to the title, and tax parcel identification numbers consistent with the approved forms and are not tailored to specific fact situations which are in variance with those covered by the approved forms LIMITED SCOPE OF REPRESENTATION:The scope of legal representation by ECL is limited to the preparation of the documents and the parties understand that ECL will not be interviewing the parties and shall in no manner undertake to assist or to render legal advice in connection with this transaction or the above described documents In exchange for the documents, the parties shall pay a fee to ECL This amount will be allocated between the parties as they may agree and disbursed from escrow directly to ECL. COMMON REPRESENTATION:The documents prepared by ECL will affect the legal rights of both parties and each by their signatures below hereby consent to the common representation described herein subject to the specified limitations INDIVIDUAL LEGAL REPRESENTATION:The parties understand that their interests in the documents may differ and that each of the parties has a right to be represented by their own attorney, including the right to have their own attorney prepare the documents, and further, to have their attorney present at the closing of this transaction Except as to the preparation of documents as specified herein, ECL is not acting as an advocate or representative of either of the parties ACKNOWLEDGEMENT.The undersigned parties hereby acknowledge that PRIOR TO THE EXECUTION OF ANY DOCUMENTS IN CONNECTION WITH THIS TRANSACTION, THEY• 1) HAVE READ THE TERMS OF THIS DOCUMENT, 2) UNDERSTAND THE TERMS OF THIS DOCUMENT, and 3) HAVE HAD AMPLE OPPORTUNITY TO OBTAIN INDEPENDENT LEGAL COUNSEL TO ASSIST THEM IN THIS TRANSACTION MISCELLANEOUS:This document may be executed in one or more counterparts, and all of the counterparts shall constitute one and the same agreement, notwithstanding that all parties hereto are not signatories to the same or original counterpart Facsimile transmission of any signed document, and retransmission thereof, shall be the same as delivery of an original At the request of either party, Pacific Northwest Title, or ECL, the parties will confirm facsimile transmitted signatures by signing an original document PARTY 1: PARTY 2: CITY OF KENT FRANK A. SCARSELLA Date ETT COOKE, MAYOR Da MARIA L. SCARSELLA Date Date Date Date Date Date 5 4 CLOSING ESCROW INSTRUCTIONS PURCHASER: CITY OF KENT, A WASHINGTON MUNICIPAL CORPORATION SELLER: FRANK A. SCARSELLA AND MARIA L. SCARSELLA, HUSBAND AND WIFE DATE: November 12, 2008 ESCROW NUMBER: 63122195 PRELIMINARY TITLE COMMITMENT NUMBER: 683421 PURCHASER AND SELLER HEREIN APPOINT AND APPROVE PACIFIC NORTHWEST TITLE COMPANY OF WASHINGTON, INC. , (hereinafter referred to as ESCROW AGENT) TO ACT AS ESCROW AGENT FOR THIS TRANSACTION. ESCROW AGENT is to be concerned only with the provisions specifically set forth in these instructions, which DO NOT incorporate the terms of the Purchase and Sale Agreement and Addenda (hereinafter referred to as the Agreement) executed by the parties and are not intended to amend, modify or supercede the terms and conditions set forth therein. CONDITIONS THAT SURVIVE ESCROW: The parties hereto agree that there may be certain conditions set forth in the above Agreement which may survive the closing of this escrow and ESCROW AGENT is to assume no responsibility or liability for such compliance. 1. SELLER herein deposits with ESCROW AGENT, pursuant to these instructions, the following: DOCUMENTS (X) Agreement (X) Declaration of Escrow Services (X) Limited Engagement Letter (X) Excise Sales Tax Affidavit (X) Statutory Warranty Deed (X) IRC 1099S Reporting Form (X) FIRPTA Certificate which ESCROW AGENT is instructed to deliver, release and/or record when ESCROW AGENT has for the account of SELLER $407, 500 . 00, subject to any charges and/or credits authorized herein. 2. PURCHASER herein deposits with ESCROW AGENT the funds required to close, in the form of a cashier' s check, wired and/or collected funds in accordance with the Collected Funds Law (RCW 18 .44 . 070) ; loan proceeds, if applicable; and the following: DOCUMENTS (X) Agreement (X) Excise Tax Affidavit (X) Declaration of Escrow Services (X) Limited Engagement Letter ESCROW INSTRUCTIONS (continued from previous page) ESCROW NUMBER: 63122195 DATE: November 12, 2008 which sums and documents are required to be deposited prior to closing, and which ESCROW AGENT is instructed to disburse and/or deliver, as required to fulfill these instructions and when it has a policy or policies of title insurance or commitments therefor in the form(s) and amount (s) as follows: Title Commitment/Policy (X) Owner' s ALTA Standard Amount: $407, 500 . 00 The undersigned PURCHASER and SELLER have received, reviewed and approved for use in this escrow the preliminary commitment for title insurance, including any supplementals thereto and have reviewed and approved the legal description and general and special exceptions including the covenants, conditions and restrictions affecting said property as stated on the commitment. The policy or policies issued will contain the insuring clauses, exceptions, exclusions, provisions and stipulations customarily contained in the printed provision of such form(s) and subject to exceptions shown in the preliminary commitment at the following paragraph number(s) : NONE THE UNDERSIGNED SELLER HEREBY CERTIFIES THAT THERE ARE NO LIENS AND/OR ENCUMBRANCES AFFECTING SAID PROPERTY OTHER THAN AS SHOWN IN THE PRELIMINARY COMMITMENT. THE PURCHASER AND SELLER CERTIFY THAT THEY HAVE DEPOSITED INTO THIS ESCROW ALL ADDENDA TO THE PURCHASE AND SALE AGREEMENT. THE PURCHASER AND SELLER HAVE EXAMINED AND HEREBY APPROVE FOR USE IN THIS ESCROW THE ABOVE LISTED DOCUMENTS. 3 . A. CLOSING STATEMENTS: ESCROW AGENT shall prepare closing statements which by reference herein are made a part hereof OR otherwise account to the parties for all funds received and disbursed hereunder at the time of final settlement and closing of this escrow. ESCROW AGENT shall not be liable for the accuracy of information furnished to it by other persons in the normal course of business, or the failure to adjust items not designated in writing. The parties hereto agree to pay all their proper costs and fees, including any adjustments. Additional amounts which may become due for any reason shall be promptly paid to ESCROW AGENT by the party owing such amounts . However, any advance made at its option shall be promptly reimbursed by the party for whom it is advanced and such optional advance shall not be an admission of liability on the part of the ESCROW AGENT. B. PRORATIONS: Adjustment items shall be prorated on the basis of a 365 day calendar year. ESCROW AGENT shall account for ESCROW INSTRUCTIONS (continued from previous page) ESCROW NUMBER: 63122195 DATE: November 12, 2008 adjustments, credit and charges of expense items according to the custom and usage of the community. ESCROW AGENT is instructed to prorate as of the actual date of closing, the following: NONE C. ESCROW DEPOSITS : All money received by ESCROW AGENT in this escrow is to be deposited in escrow bank accounts controlled by ESCROW AGENT pending closing. ESCROW AGENT receives banking benefits from non-interest bearing trust account deposits. These benefits may be in the form of but not limited to miscellaneous banking, accounting and computer support services. If an interest bearing account is to be established, ESCROW AGENT must be so advised in writing, prior to the deposit of funds, and furnished with a Federal Tax Identification Number. D. CLOSING: If this escrow has not been placed in a position to close by November 30, 2008, the above items deposited by the parties hereto except earnest money, are to be returned to same upon written demand, at which time PURCHASER and SELLER will pay all charges in connection herewith. In the absence of such written demand, ESCROW AGENT will proceed with closing in an expeditious manner. E. UNCLAIMED PROPERTY: If checks distributed during the closing process to the last known address of the applicable payee (s) remain uncashed, then ESCROW AGENT may charge an annual fee of up to $100 . 00 for custody and administration of the unclaimed property. ESCROW AGENT will make a reasonable attempt to contact applicable payee (s) and reissue check(s) , net of accrued annual fees . Per Washington State law, any remaining unclaimed personal property will be forwarded to the State of Washington three (3) years from the date the uncashed check was issued. 4 . A. UTILITIES: In the event SELLER has not complied with the provisions of RCW 60 . 80, SELLER and PURCHASER waive the services of ESCROW AGENT to satisfy unpaid utility charges and agree to settle final bills outside escrow. This pro- vision includes but not limited to water, garbage, sewer, telephone, metro, electricity, gas and Metro Capacity Charge. ESCROW AGENT shall not be responsible for determination of remaining oil, nor payment thereof. B. FIRE OR CASUALTY INSURANCE: If a new policy of fire, hazard or casualty insurance on the property is required to close the transaction, the PURCHASER will arrange for the policy to be issued, outside of escrow, and will pro- vide evidence of the coverage to the ESCROW AGENT prior to closing. ESCROW AGENT shall have no responsiblity nor liability for obtaining hazard/homeowner insurance. C. INFORMATION TO OTHERS: ESCROW AGENT is authorized and in- structed to furnish, upon request, information concerning this escrow to the listing and/or selling real estate broker, the lender financing this transaction, if any, and attorneys representing the SELLER or PURCHASER. ESCROW INSTRUCTIONS (continued from previous page) ESCROW NUMBER: 63122195 DATE: November 12, 2008 D. FIRPTA: If any seller is a non-resident alien or foreign corporation, partnership, trust or estate for the purposes of United States income taxation, the parties are advised to consult with their attorneys before the closing date to determine their responsibilities under the Foreign Investment in Real Property Tax Act (Section 1445 of IRC) . The closing agent is not required to verify the nationality or foreign status of any of the sellers, or to withhold, report or pay any amounts due under such Act. E. LIABILITY LIMITATIONS: Without limitation ESCROW AGENT shall not be liable for any loss or damage resulting from following: 1. Any default, error, action, omission of, or misrepresenta- tions made by any other party. 2 . The expiration of any time limit or other delay, unless such time limit was known to ESCROW AGENT and such loss is caused solely by failure of ESCROW AGENT to proceed in its ordinary course of business. 3 . Any loss or impairment of funds deposited in escrow in the course of collection or while on deposit with a bank, savings bank or savings association resulting from failure, insolvency or suspension of such institution. 4 . ESCROW AGENT complying with any and all legal process, writs, orders, judgments and decrees of any court whether subsequently vacated, modified, set aside or reversed. F. DISPUTES: Should any dispute arise between the parties, or any of them, and/or any other party, concerning the property of funds involved in the transaction, the ESCROW AGENT may, at its sole discretion, hold all documents and funds in their existing status pending resolution of the dispute, or join or commence a court action, deposit the money and documents held by it with the court, and ask the court to determine the rights of the parties. ESCROW AGENT is authorized to deduct, prior to deposit of funds in the court, a reasonable sum for costs of attorneys fees and filing fees. Upon depositing said funds and documents with the court, the ESCROW AGENT shall have no further duties or responsibilities under these instructions. G. COUNTERPARTS : These escrow instructions may be executed in counterparts with like effect as if all signatures appeared on a single copy. H. UNDERLYING ENCUMBRANCES: SELLER acknowledges that if any underlying encumbrance (s) is to be paid in full as a part of this escrow, said payoff is based upon a written statement(s) by the Holder/Servicer. Said statement (s) will be updated verbally prior to closing. Interest is to be collected to such date as estimated by the ESCROW AGENT to be sufficient for the Holder/Servicer to have received payoff by regular certified mail or courier. SELLER is responsible for any additional fees, interest or require- ments in order to obtain necessary documents for release of such encumbrance (s) . I. DISBURSEMENTS : Payments disbursed hereunder will conform to ESCROW INSTRUCTIONS (continued from previous page) ESCROW NUMBER: 63122195 DATE: November 12, 2008 the usual and customary practice of the industry and ESCROW AGENT is not responsible for any delays caused by such delivery. J. SELLER PROCEEDS : It is understood that SELLER' s proceeds will be disbursed upon receipt of collected funds from all parties and confirmation of recording numbers of the conveyance documents. K. ADVANCE OF EXCISE TAX: PURCHASER and SELLER acknowledge the Excise Tax, if required must be paid prior to closing and authorize ESCROW AGENT to pay such tax. L. POSSESSION: Delivery of Personal Property or transfer of possession of Real Property or condition of either shall not be a part of this escrow nor an obligation of the ESCROW AGENT. M. THIRD PARTY: PURCHASER and SELLER acknowledge that third party written instructions may be submitted into this escrow. Unless such instructions conflict with these instructions, they shall be incorporated herein. N. FORM 1099-S : In compliance with the Tax Reform Act of 1986, and any amendments thereto, SELLER shall provide all information necessary, including a Taxpayer Identification Number (TIN) , preparation of a Form 1099-S as required by the Internal Revenue Service. ESCROW AGENT retains the option of not closing the escrow if adequate information is not provided. O. CANCELLATION: These instructions may be cancelled by a written agreement signed by all of the parties. Upon receipt of such agreement and payment of the ESCROW AGENT' S fees, costs and expenses, including but not limited to cancellation fees for title insurance and escrow services, the ESCROW AGENT shall return any money or documents then held by it to the parties that deposited the same, and shall have no further duties or responsibilities under these instructions. P. All contingencies and/or conditions as set forth in the Purchase and Sale Agreement and Addenda have been fully met or waived. ESCROW AGENT is hereby removed from any responsibility and/or liability for same and is instructed to proceed with closing. Q. LEGAL DESCRIPTION. The undersigned PURCHASER and SELLER herein accept, approve and authorize the use of the legal description as evidenced in Preliminary Title Report No. 683421. I HAVE BEEN AFFORDED ADEQUATE TIME AND OPPORTUNITY TO READ AND UNDERSTAND THESE ESCROW INSTRUCTIONS AND ALL OTHER DOCUMENTS REFERRED TO HEREIN. CITY OF KENT A WASHINGTON MUNICIPAL CORPORATION ESCROW INSTRUCTIONS (continued from previous page) ESCROW NUMBER: 63122195 DATE: November 12, 2008 BY: J BY: SUZET C MATOR DATE j( l� Purchaser' s Forwarding Address: MOVE IN DATE: 220 4TH AVE S, KENT, WA 98032 NEW PHONE NUMBER: FRANK A. SCARSELLA MARIA L. SCARSELLA DATED: MOVE OUT DATE: Sellers Forwarding Address: NEW PHONE NUMBER: RETURN TO: CITY OF KENT PROPERTY MGMT DEPT C~ AO 220 4TH AVE S ��tD KENT, WA 98032 DOW O STATUTORY WARRANTY DEED Reference# (lf applicable) Grantor(s): FRANK A. SCARSELLA Additional on Pagei MARIA L. SCARSELLA Grantee(s): CITY OF KENT Additional on Page: Abbreviated Legal Description: PTN SAMUEL W. RUSSELL DONATION CLAIM Additional on Page: 25-22-04 Assessor's Tax Parcel ID# 000660-0044-09 THE GRANTOR FRANK A. SCARSELLA AND MARIA L. SCARSELLA, HUSBAND AND WIFE for and in consideration of TEN DOLLARS AND OTHER GOOD AND VALUABLE CONSIDERATION In hand paid, conveys and warrants to CITY OF KENT, A WASHINGTON MUNICIPAL CORPORATION the following described real estate,situated in the County of KING State of Washington: SEE LEGAL DESCRIPTION ON EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF. THIS DEED IS BEING GIVEN UNDER THE THREAT OF EXERCISE OF EMINENT DOMAIN. Dated: November 23, 2008 FRANK A. SCARSELLA MARIA L. SCARSELLA NOTARY PAGE STATE OF WASHINGTON } }ss. County of } 1 hereby certify that I know or have satisfactory evidence that FRANK A. SCARSELLA AND MARIA L. SCARSELLA Is the person(s)who appeared before me,and said person(s) acknowledged that (he, she, they) signed this Instrument and acknowledged it to be (his, her,their) free and voluntary act for the uses and purposes mentioned in this instrument. Dated: Notary Public in and for the State of Washington i Printed Name Residing at My appointment expires RRRR##RR#RRk*R##*#RRR**rtrtRRR#RR RRRrtktRR RR#R###**RR*RRRR##RR Rk RRk RR RRk R*iRRR*1RkR* STATE OF WASHINGTON } }ss. County of } 1 hereby certify that 1 know or have satisfactory evidence that Is the person(s)who appeared before me, and said person(s) acknowledged that (he,she, they) signed this Instrument, on oath stated that authorized to execute the instrument and acknowledge it as the of to be the free and voluntary act of such party for the uses and purposes mentioned in this instrument. Dated: Notary Public In and for the State of Washington Printed Name Residing at My appointment expires EXHIBIT "A" LEGAL DESCRIPTION: That portion of the S. W. Russell Donation Claim, Section 25, Township 22 North, Range 4 East, W M. , in King County, Washington, described as follows: Beginning at the intersection of the East Kent-Auburn Highway with the north line of Tract 24, Horseshoe Acre Tracts to Kent, according to the plat thereof recorded in volume 15 of Plats, page 10, in King County, Washington, Thence north along the east margin of said highway, 160 feet to the TRUE POINT OF BEGINNING; Thence north along the east margin of said highway 60 feet; Thence east 149 feet; Thence south 60 feet; Thence west 149 feet to the TRUE POINT OF BEGINNING; EXCEPT the west 6 feet conveyed to the City of Kent under Recording Number 7305010046, a re-recording of Recording Number 7304250009. PLEASE TYPE OR PRINT REAL ESTATE EXCISE TAX AFFIDAVIT This form is your receipt CHAPTER 82 45 RCW-CHAPTER 458-61A WAC when stamped by cashier THIS AFFIDAVIT WILL NOT BE ACCEPTED UNLESS ALL AREAS ON ALL PAGES ARE FULL COMPLETED (See back page for instructions) ❑ Check box if partial sale of property if multiple owners,list percentage of ownership next to name 1. SELLER/GRANTOR 2. 1 BUYER/GRANTEE Name FRANK A SCARSELLA Name CITY OF KENT 14ARIA L. SCARSELLA A WASHINGTON MUNICIPAL CORPORATION HUSBAND AND WIFE MadingAddress 3.0426 SE 272ND ST MailmgAddress 220 4TH AVE S City/State/Zip KENT, WA 98030 City/State/Zip KENT, WA 98032 Phone No (including area code) Phone No (including area code) 3. Send all property tax correspondence to: List all real and personal property tax List assessed values) ® Same as Buyer/Grantee parcel account numbers-check box if personal g�iroper Name 000660-0 44-09 ❑ Street LC 1525 ❑ City/State/Zip ❑ Phone No (with area code) ❑ ® Street address of property 1118 CENTRAL AVENUE SOUTH KENT, WA 98032 This property is located in ❑ unincorporated County OR within ❑ city of KENT ❑ Check box if any of the listed parcels are being segregated from a larger parcel Legal Description of property(if more space is needed,you may attach a separate sheet to each page of the affidavit) LEGAL DESCRIPTION AS SET FORTH IN EXHIBIT "A" ATTACHED HERETO AND BY THIS REFERENCE MADE A PART HEREOF 5. Enter Abstract Use Categories 7. List all personal property(tangible and intangible) included in selling (See back of last page for instructions) price If exempt from property tax per chapter 84 36 RCW(nonprofit organization),include Seller's Exempt Reg No 6. YES NO If claiming an exemption,list WAC number and reason for exemption. Is this property designated as forest land per chapter 84 33 RCW'? ❑ ❑ WAC No (Section/Subsection) 458-61A-2 0 6 (3) Is this property classified as current use(open space,farm and ❑ El Reason for exemption EMINENT DOMAIN agricultural,or timber)land per chapter 84 349 Is this property receivingg special valuation as historical ❑ Elproperty per chapter 84 26 RCW if any answers are yes,complete as instructed below Type of Document STATUTORY WARRANTY DEED Date of Document November 13, 2008 (1)NOTICE OF CONTINUANCE(FOREST LAND OR CURRENT USE) NEW OWNER(S) 'I o continue the current designation as forest land or classification as current use(open space,farm and agriculture,or timber) Gross Selling Price $ 407,500.00 land,you must sign on(3)below. The county assessor must then *Personal Property(deduct) $ 0.00 deleimme if the land transferred continues to qualify and will indicate by Exemption Claimed(deduct) $ 407,500.00 signing below If the land no longer qualifies or you do not wish to continue Taxable Selling Price $ 0.00 the designation or classification,it will be removed and the compensating or addibonal taxes will be due and payable by the seller or transferor at the Excise Tax State S 0.00 time of sale (RCW 84 33 140 or RCW 84 34 108) Prior to signing(3)below, Local $ 0.00 you may contact your local county assessor for more information *Delinquent Interest State $ 0.00 Local $ 0.00 This land ❑ does ❑ does not qualify for continuance *Delinquent Penalty $ 0.00 Subtotal $ 0.00 DEPUTY ASSESSOR DATE *County Technology Fee S 5.00 (2) NOTICE OF COMPLIANCE(HISTORIC PROPERTY) *State Technology Fee $ 0.00 NEW OWNER(S) To continue special valuation as historic property,sign (3)below. If the new owners)do not wish to continue,all additional Affidavit Processing Fee $ 5.00 tax calculated pursuant to chapter 84 26 RCW,shall be due and payable Total Due $ 10.00 by the seller or transferor at the time of sale (3) OWNER(S)SIGNATURE A MINIMUM OF$10.00 IS DUE IN FEE(S)AND/OR TAX *SEE INSTRUCTIONS 8. I CERTIFY UNDER PENALTY OF PERJURY THAT THE FOREGOING IS TRUE AND CORRECT. Signature of Signature of Grantor or Grantor's Agent Grantee or Grantee's Agent Name(print) FRANK A. SCARSELLA Name(print) Date&city of signing Date&city of signing Perjury:Perjury is a class C felony which is punishable by imprisonment in the state correctional institution for a maximum term of not more than five years,or by a fine in an amount fixed by the court of not more than five thousand dollars($5,000 00),or by both imprisonment and fine(RCW 9A 20 020(IQ) REV 84 0001ae(a)(10-11-06) FOR TREASURER'S USE ONLY El COUNTY TREASURER PACIFIC NORTHWEST TITLE COMPANY [] DEPT OF REVENUE 215 COLUMBIA STREET 0 COUNTY ASSESSOR SEATTLE,WA 98104 Cj TAXPAYER A EXHIBIT "A" LEGAL DESCRIPTION: That portion of the S. W Russell Donation Claim, Section 25, Township 22 North, Range 4 East, W.M. , in King County, Washington, described as follows: Beginning at the intersection of the East Kent-Auburn Highway with the north line of Tract 24, Horseshoe Acre Tracts to Kent, according to the plat thereof recorded in Volume 15 of Plats, page 10, in King County, Washington; Thence north along the east margin of said highway, 160 feet to the TRUE POINT OF BEGINNING; Thence north along the east margin of said highway 60 feet; Thence east 149 feet; Thence south 60 feet; Thence west 149 feet to the TRUE POINT OF BEGINNING; EXCEPT the west 6 feet conveyed to the City of Kent under Recording Number 7305010046, a re-recording of Recording Number 7304250009. REQUEST FOR MAYOR'S SIGNATURE • Please Fill in All Applicable Boxes KENT Routing Information (ALL REQUESTS MUST FIRST BE ROUTED THROUGH THE LAW DEPARTMENT) Originator: Charlie Lindsey Phone (Originator): 5081 Date Sent: 11/13/08 Date Required: 11/14/2008 Return Signed Document to: Rosalie CONTRACT TERMINATION DATE: VENDOR NAME: Pacific Northwest Title DATE OF COUNCIL APPROVAL: i -i 1 o Brief Explanation of Document: Buyer's estimated Closing Statement for Scarsella Property All Contracts Must Be Routed Through The Law Department (This area to be completed by the Law Department) Received: ak Approval of Law Dept.: LtAt i I / Law Dept, Comments: I/ Date Forwarded to Mayor: Shaded Areas To Be Completed By Administration Staff Received: Recommendations and Comments: Disposition: P Date Returned: