HomeMy WebLinkAboutEC16-058 - Original - Titus Court Apartments Ltd Partnership - Naden Property 914 W Meeker St - 02/17/2016 --
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CONTRACT COVER SHEET
This is to be completed by they Contract Manager prior to submission
to City Clerks Office. All portions are to be completed.
X'f you have questions, please contact City Clerk's Office.
Vendor Name- _{i1 (C U k � �a "4F't I i r`� h 1.`{ f Xr.c r \I
Vendor Number:
JD Edwards Number
Contract Number,
This is assigned by City Clerk's Office
Project 109a6TBee I� I-I 'V Me VUC
Description. ❑ Interlocal Agreement ❑ Change Order ❑ Amendment ❑ Contract
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Contract Effective Datoo 01 g Termination Date: io}
Contract Renemfal Notice (Days).
Number of days required notice for termination or renewal or amendment
Contract Manager: Pi) 1O.V4 Department: %ilwt 1 (r,,,yvi YU,
Contract Amount: 2;Y4 C
Approval Authority, ❑ Department Director ❑Mayor ❑City Council
Detail, (i.e. address, location, parcel number, talc ld, etc.)a
adcc4V10677_8_14
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REAL ESTATE PURCHASE AND SALE AGREEMENT
This Agreement is entered between the CITY OF KENT, a Washington
municipal corporation, authorized by the Kent City Council on February 16, 2016,
(Buyer"), whose mailing address is 220 4th Avenue South, Kent, Washington
98032-5895, and Titus Court Apartments Limited Partnership (Seller"), whose
mailing address is 201 27th Ave S.E. #A-200, Puyallup, WA 98374, for the sale and
purchase of real property as follows:
1. PROPERTY. The Property, which Buyer agrees to buy and Seller
agrees to sell, is known as King County Tax Parcel Number 2422049039, located at
914 West Meeker Street, Kent, Washington 98032 (the "Property"). The Property is
legally described in Exhibit "A," attached hereto and incorporated herein by this
reference.
2. PURCHASE PRICE. The total purchase price for the Property is Two
Hundred Thirty-Four Thousand, Two Hundred Sixty-Eight Dollars and NO/100ths
($234,268.00), payable on Closing.
3. CONTINGENCIES. This Agreement is contingent upon:
(a) Buyer's receipt of Seller's information contained in the Real
Property Transfer Disclosure Statement ('Disclosure
Statement") the form of which is set forth in Exhibit "B."
Seller shall complete one form for each dwelling unit or specify
which dwelling unit is being referenced in the form. The
Disclosure Statement shall be completed by the Seller within ten
days from the date of mutual acceptance of the Agreement.
Within five days of Buyer's receipt of the Disclosure Statement
from Seller, Buyer shall either approve and accept the
Disclosure Statement, or rescind the Agreement to purchase the
Property, in its sole and absolute discretion. If Buyer does not
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Real Estate Purchase and Sale Agreement Page 1 of 8
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deliver a written rescission notice to Seller within the five day
period, the Disclosure Statement will be deemed approved and
accepted by Buyer.
(b) A feasibility study as follows: Buyer shall have thirty days from
the date of mutual acceptance of this Agreement to determine,
in Buyer's sole and absolute discretion, if the Property is feasible
for the purposes and uses intended.
(c) Seller and Seller's tenants' complete vacation of the Property.
Should any of the contingencies not be met prior to Closing, then this Agreement
shall terminate and neither Buyer nor Seller shall have any further rights, duties or
obligations hereunder.
4. CONVEYANCE AND CONDITION OF TITLE. The title to the
Property shall be conveyed by Seller to Buyer at Closing by Statutory Warranty
Deed, free and clear of all liens, encumbrances or defects except those described in
Schedule B, paragraph(s) 1, 2, 5 and 6, of Title Report Number 42098-1978153,
described in Exhibit "C," attached hereto and incorporated herein by this
reference. All other special exceptions therein are to be removed on or before
Closing. General exclusions and exceptions common to the area and not materially
affecting the value of or unduly interfering with Buyer's reasonable use of the
Property shall be permitted. All monetary encumbrances and special exceptions
listed in Exhibit "C," other than those specifically noted above, are to be removed
on or before closing.
5. TITLE INSURANCE. At Closing, Buyer shall cause First American
Title Insurance Company (Escrow Agent) to issue standard coverage owner's policy
of title insurance to Buyer in an amount equal to the total purchase price of the
Property. For purposes of this Agreement, the following shall not be deemed
encumbrances or defects: rights reserved in federal patents or state deeds,
building or use restrictions consistent with current zoning and utility and road
easements of record. If title cannot be made so insurable prior to Closing, unless
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Real Estate Purchase and Sale Agreement Page 2 of 8
Buyer elects to waive such defects or encumbrances, this Agreement shall
terminate and the Earnest Money shall be returned to Buyer.
6. CLOSING COSTS AND PRO-RATIONS. The escrow fee, and Excise
Tax, if applicable, shall be paid by Seller. Buyer shall pay all recording costs, title
insurance premium, the costs of any survey, and the fees and expenses of its
consultants. Taxes for the current year, rents, interest, water, sewer and other
utility charges, if any, shall be paid by Seller, and prorated as of the day of
Closing, unless otherwise agreed.
7. CLOSING OF THE SALE. WITH THE UNDERSTANDING THAT TIME IS
OF THE ESSENCE FOR THIS AGREEMENT, this sale shall be closed on or before 60
days of the date of mutual acceptance of this Agreement, which shall also be the
termination date of this Agreement, unless said Closing date is extended in writing
by mutual agreement of the parties. When notified, the Buyer and Seller will
deposit, without delay, in escrow with First American Title Insurance Company
(Escrow Agent), all instruments and monies required to complete the transaction in
accordance with this Agreement. Closing, for the purpose of this Agreement, is
defined as the date that all documents are executed and the sale proceeds are
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available for disbursement to the Seller.
8. CASUALTY LOSS. If, prior to Closing, improvements on the Property
shall be destroyed or materially damaged by fire or other casualty, this
Agreement, at option of the Buyer, shall become null and void.
9. POSSESSION. Buyer shall be entitled to sole possession on Closing.
10. SELLER'S REPRESENTATIONS. Seller represents:
(a) that Seller will maintain the Property in present or better condition
until time of agreed possession;
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b that Seller has no knowledge of notice from any governmental
agency of any violation of laws relating to the Property except:
(c) that if the Property is leased, Seller will provide copies of each and
every lease to Buyer within one working day upon request.
11. SELLER'S ENVIRONMENTAL REPRESENTATIONS. Seller
represents that, to the best of Seller's knowledge, Seller is not aware of the
existence of, or has caused or allowed to be caused, any environmental condition
(including, without limitation, a spill, discharge or contamination) that existed as of
and/or prior to Closing or any act of omission occurring prior to Closing, the result
of which may require remedial action pursuant to any federal, state or local law or
may be the basis for the assertion of any third party claims, including claims of
governmental entities. This provision shall survive Closing and be in addition to
Seller's obligation for breach of a representation or warranty as may be set forth
herein.
12. SELLER'S INDEMNITIES Seller agrees to indemnify and hold
harmless the Buyer, against and in respect of, any and all damages, claims, losses,
liabilities, judgments, demands, fees, obligations, assessments, and expenses and
costs, including, without limitation, reasonable legal, accounting, consulting,
engineering and other expenses which may be imposed upon or incurred by Buyer,
or asserted against Buyer, by any other party or parties (including, without
limitation, a governmental entity), arising out of or in connection with any
environmental condition existing as of and/or prior to Closing, including the
exposure of any person to any such environmental condition, regardless of whether
such environmental condition or exposure resulted from activities of Seller or
Seller's predecessors in interest. This indemnity shall survive Closing and be in
addition to Seller's obligation for breach of a representation or warranty as may be
set forth herein,
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Real Estate Purchase and Sale Agreement Page 4 of 8
13. DEFAULT AND ATTORNEY'S FEES.
(a) Buyer's Default. If Buyer defaults hereunder, Seller's sole remedy
shall be limited to damages against Buyer in the liquidated amount
of Eleven Thousand Dollars and No/100ths ($11,000.00). Buyer
and Seller intend that said amount constitutes liquidated damages
and so as to avoid other costs and expenses to either party in
connection with potential litigation on account of Buyer's default.
Buyer and Seller believe said amount to be a fair estimate of actual
damages.
(b) Seller's Default. If Seller defaults hereunder, Buyer shall have all
the rights and remedies available at law or in equity.
(c) Attorney's Fees and Costs. In the event of litigation to enforce any
of the terms or provisions herein, each party shall pay all its own
costs and attorney's fees.
14. NOTICE TO SELLER. This form contains provisions for an agreement
for the purchase and sale of real estate. Buyer makes no warranty or
representation of any kind that this form, or any of its provisions, is intended to
meet the factual and legal requirements of a particular transaction, or that it
accurately reflects the laws of the State of Washington at the time Seller enters into
the Agreement. THIS AGREEMENT HAS SIGNIFICANT LEGAL AND FINANCIAL
CONSEQUENCES, SELLER IS ADVISED TO SEEK INDEPENDENT LEGAL AND
FINANCIAL COUNSEL REGARDING THESE CONSEQUENCES,
15. NON-MERGER. The terms, conditions, and provisions of this
Agreement shall not be deemed merged into the deed, and shall survive the Closing
and continue in full force and effect.
16. NOTICES. All notices required or permitted to be given hereunder
shall be in writing and shall be sent U.S. certified mail, return receipt requested, or
by facsimile transmission addressed as set forth below:
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Real Estate Purchase and Sale Agreement Page 5 of 8 �
(a) All notices to be given to Buyer shall be addressed as follows:
Ben Wolters
Economic and Community Development Director
City of Kent
220 Fourth Avenue South
Kent, WA 98032
Facsimile: 253-856-6454
(b) All notices to be given to Seller shall be addressed as follows:
Senior Housing Assistance Group, General Partner
Titus Court Apartments, Limited Partnership
3642 33rd Avenue South, Suite C-4
Seattle, WA 98144
Facsimile: 206-760-9207
(c) All notices to be given to Escrow Agent shall be addressed as
follows:
First American Title Insurance Company
818 Stewart Street, Ste. 800
Seattle, WA 98101
Either party hereto may, by written notice to the other, designate such other
address for the giving of notices as necessary. All notices shall be deemed given on
the day such notice is personally served, or on the date of the facsimile
transmission, or on the third day following the day such notice is mailed in
accordance with this section.
17. CITY COUNCIL ACTION REQUIRED. Seller acknowledges that the
closing of the transaction contemplated by this Agreement (the "Closing") is
expressly conditioned on the City of Kent City Council's (the "City Council's") prior
authorization to buy the Property under this Agreement ("Council Authorization"),
which may or may not be granted in the City Council's sole discretion. The City of
Kent shall not be liable or obligated for any burden or loss, financial or otherwise,
incurred by Seller as a result of the City Council's modification of the final terms
and conditions of this Agreement, or the City Council's failure to grant the Council
Authorization.
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Real Estate Purchase and Sale Agreement Page 6 of 8
17.1 Seller's Waiver. Seller expressly waives any claim against the
City of Kent and its elected officials, officers, employees, representative and agents
for any burden, expense or loss which Seller incurs as a result of the City Council's
failure to grant the Council Authorization.
18. ENTIRE AGREEMENT. This Agreement, including all incorporated
exhibits, constitutes the full understanding between Seller and Buyer. There have
been no verbal or other agreements that modify this Agreement.
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13. BINDING EFFECT AND SURVIVAL. This Agreement shall be binding
upon parties hereto and their respective heirs, successors and assigns; and the
terms, conditions and provisions of this Agreement shall survive the Closing of this
transaction,
20. DATE OF MUTUAL ACCEPTANCE. For the purposes of this
Agreement, the date of mutual acceptance of this Agreement shall be the last date
on which the parties to this Agreement have executed this Agreement as indicated
below.
21. EXPIRATION OF OFFER. Seller shall have only until 5:00 pm on
March 15, 2016, to accept the Agreement as written, by delivering a signed copy
thereof to the Buyer or Buyer's agent. If Seller does not so deliver a signed copy
within said period, this Agreement shall lapse and all right of the parties hereunder
shall terminate.
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Real Estate Purchase and Sale Agreement \ Page 7 of 8
IN WITNESS WHEREOF, the parties hereto have executed this Agreement on
the last date set forth below.
BUYER:
CITY OF KENT
By. G _�
S e � oke
Its:(�1MIa r
Dated: /7 6
SELLER:
TITUS COURT APARTMENTS LIMITED PARTNERSHIP
By:
Its: 1 I or S,
D
Dated: �'4 � Lc
PXIAXIIdOpm rnmiovo+ndmlogW M4 w1 hlc'uFrchawSsm V.inmiaOnMNad.m«
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Buyer's Initialsc.r Seller's Initials � Seller's Initials
Real Estate Purchase and Sale Agreement Page 8 of 8
FIRSTAMERIC 1NTI7ZEINSUP,4NCE
COMPANY
Exhibit"A"
Vested Owner: Titus Court Apartments Limited Partnership, a Washington Limited
Partnership Real property in the County of King, State of Washington, described as
follows:
That portion of the Southeast quarter of the Northwest quarter in Section 24, Township 22
North, Range 4 East, W.M., in King County, Washington, described as follows:
Beginning at a point on the South line of West Meeker Street in the City of Kent, 572 feet,
more or less, East from West Boundary Line of Government Lot 4, Section 24, said point being
the Northeast corner of a Tract of Land Conveyed to Albert H. Meadowcraft by Deed recorded
under Recording No. 3219973, records of said County;
Thence South along the East line of said Tract, 180 feet;
Thence East 56 feet, more or less, to the Southwest corner of a Tract of Land conveyed
to L.K. Wrenwrick by Deed recorded under Recording No. 2972479, records of Said
County;
Thence North along the West line of said Wrenwrick Tract to the South line of West Meeker
Street; Thence West 51,25 feet, more or less, to the point of beginning;
Together with that portion of Alley adjoining, vacated by City of Kent Ordinance No.
2734, under Recording No(s). 8709020959 and 9302221035, as would attach by
Operation of Law.
Tax Parcel Number: 242204-9039-08
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Buyer's Initial Seller's Initials Seller's Initials
EXHIBIT B
SELLER'S DISCLOSURE STATEMENT
INSTRUCTIONS TO THE SELLER
Please complete the following form. Do not leave any spaces blank. If the question clearly
does not apply to the property write"NA." If the answer is "yes" to any * items, please
explain on attached sheets. Please refer to the line number(s) of the question(s) when you
provide your explanatlon(s). For your protection you must date and sign each page of this
disclosure statement and each attachment. Delivery of the disclosure statement must occur
not later than five business days, unless otherwise agreed, after mutual acceptance of a
written contract to purchase between a buyer and a seller.
it
NOTICE TO THE BUYER
THE FOLLOWING DISCLOSURES ARE MADE BY SELLER ABOUT THE CONDITION OF THE
PROPERTY LOCATED AT 914 West Meeker Street, KENT, WASHINGTON, ("THE PROPERTY"),
OR AS LEGALLY DESCRIBED ON ATTACHED EXHIBIT A.
SELLER MAKES THE FOLLOWING DISCLOSURES OF EXISTING MATERIAL FACTS OR
MATERIAL DEFECTS TO BUYER BASED ON SELLER'S ACTUAL KNOWLEDGE OF THE
PROPERTY AT THE TIME SELLER COMPLETES THIS DISCLOSURE STATEMENT. UNLESS YOU
AND SELLER OTHERWISE AGREE IN WRITING, YOU HAVE THREE BUSINESS DAYS FROM
THE DAY SELLER OR SELLER'S AGENT DELIVERS THIS DISCLOSURE STATEMENT TO YOU
TO RESCIND THE AGREEMENT BY DELIVERING A SEPARATELY SIGNED WRITTEN
STATEMENT OF RESCISSION TO SELLER OR SELLER'S AGENT. IF THE SELLER DOES NOT
GIVE YOU A COMPLETED DISCLOSURE STATEMENT, THEN YOU MAY WAIVE THE RIGHT TO
RESCIND PRIOR TO OR AFTER THE TIME YOU ENTER INTO A SALE AGREEMENT.
THE FOLLOWING ARE DISCLOSURES MADE BY SELLER AND ARE NOT THE
REPRESENTATIONS OF ANY REAL ESTATE LICENSEE OR OTHER PARTY. THIS
INFORMATION IS FOR DISCLOSURE ONLY AND IS NOT INTENDED TO BE A PART OF ANY
WRITTEN AGREEMENT BETWEEN BUYER AND SELLER.
FOR A MORE COMPREHENSIVE EXAMINATION OF THE SPECIFIC CONDITION OF THIS
PROPERTY YOU ARE ADVISED TO OBTAIN AND PAY FOR THE SERVICES OF QUALIFIED
EXPERTS TO INSPECT THE PROPERTY, WHICH MAY INCLUDE, WITHOUT LIMITATION,
ARCHITECTS, ENGINEERS, LAND SURVEYORS, PLUMBERS, ELECTRICIANS, ROOFERS,
BUILDING INSPECTORS, ON-SITE WASTEWATER TREATMENT INSPECTORS, OR
STRUCTURAL PEST INSPECTORS. THE PROSPECTIVE BUYER AND SELLER MAY WISH TO
OBTAIN PROFESSIONAL ADVICE OR INSPECTIONS OF THE PROPERTY OR TO PROVIDE
APPROPRIATE PROVISIONS IN A CONTRACT BETWEEN THEM WITH RESPECT TO ANY
ADVICE, INSPECTION, DEFECTS OR WARRANTIES.
Buyer's Initial Seller's Initials:. Seller's Initials
I. SELLER'S DISCLOSURES.
*If you answer"Yes" to a question with an asterisk (*), please explain your answer and
attach documents, if available and not otherwise publicly recorded. If necessary, use an
attached sheet.
1. TITLE
Yes [ ] No [ ] Don't know A. Do you have legal authority to sell the
property? If no, please explain.
[ ] Yes No [ ] Don't know *B. Is title to the property subject to any of
the following?
(1) First right of refusal
(2) Option
(3) Lease or rental agreement
(4) Life estate?
[ ] Yes No [ ] Don't know *C. Are there any encroachments, boundary
agreements, or boundary disputes?
[ ] Yes, )<No [ ] Don't know *D. Is there a private road or easement
agreement for access to the property?
[ ] Yes XNo [ ] Don't know *E. Are there any rights-of-way, easements,
or access limitations that may affect the Buyer's
use of the property?
[ ] Yes XNo [ ] Don't know *F. Are there any written agreements for joint
maintenance of an easement or right-of-way?
[ ] Yes K No [ ] Don't know *G. Is there any study, survey project, or
notice that would adversely affect the property?
[ ] Yes Dq No [ ] Don't know *H. Are there any pending or existing
assessments against the property?
[ ] Yes _K No [ ] Don't know *I. Are there any zoning violations,
nonconforming uses, or any unusual restrictions
on the property that would affect future
construction or remodeling?
[ ] Yes [ ] No Don't know *J, Is there a boundary survey for the
property?
[ ] Yes XNo [ ] Don't know *K. Are there any covenants, conditions, or
restrictions recorded against the property?
Buyer's Initlal Seller's Initials Seller's Initials
2. WATER
A. Household Water
(1) The source of water for the property is:
Private or publicly owned water system
[ ] Private well serving only the subject
Property
*[ ] Other water system
[ ] Yes [ ] No [ ] Don't know * If shared, are there any written agreements?
[ ] Yes No [ ] Don't know *(2) Is there an easement (recorded or
unrecorded) for access to and/or maintenance of
the water source?
[ ] Yes [ ] No Don't know *(3) Are there any problems or repairs
needed?
Yes [ ] No [ ] Don't know (4) During your ownership, has the source
provided an adequate year-round supply of
potable water? If no, please explain.
[ ] Yes No [ ] Don't know *(5) Are there any water treatment systems
for the property? If yes, are they [ ] Leased
[ ] Owned.
[ ] Yes ]?No [ ] Don't know *(6) Are there any water rights for the
J property associated with its domestic water
supply, such as a water right permit, certificate,
or claim?
[ ] Yes [ ] No [ ] Don't know (a) If yes, has the water right, permit,
certificate, or claim been assigned,
transferred, or changed?
[ ] Yes [ ] No [ ] Don't know (b) If yes, has all or any portion of the
water right not been used for five or more
successive years? (If yes, please explain)-
*(7) Are there any defects in the operation of
the water system (e.g. pipes, tank, pump, etc.)?
(If yes, please explain)
B. Irrigation Water
[ ] Yes >1 No [ ] Don't know (1) Are there any irrigation water rights for
the property, such as a water permit, certificate,
or claim?
Buyer's Initla �. Sellers Initials Seller's Initials
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[ ] Yes [ ] No [ ] Don't know *(a) If yes, has all or any portion of the
water right not been used for five or more
successive years?
[ ] Yes [ ] No [ ] Don't know *(b) If so, is the certificate available? (If
yes, please attach a copy.)
[ ] Yes [ ] No [ ] Don't know *I If so, has the water right permit,
certificate, or claim been assigned,
transferred, or changed? If so, explain:
[ ] Yes No [ ] Don't know *(2) Does the property receive irrigation water
from a ditch company, irrigation district, or other
entity? If so, please identify the entity that
supplies irrigation water to the property:
C. Outdoor Sprinkler System
[ ] Yes No [ ] Don't know (1) Is there an outdoor sprinkler system for
the property?
[ ] Yes [ ] No [ ] Don't know *(2) If yes, are there any defects in the
system?
[ ] Yes [ ] No [ ] Don't know *(3) If yes, is the sprinkler system connected
to irrigation water?
3. SEWER/ON-SITE SEWAGE SYSTEM
A. The property Is served by:
Public sewer system
[ ] On-site sewage system (including
pipes, tanks, drainfields, and all other
component parts)
[ ] Other disposal system, please
describe:
[}ryes [ ] No [ ] Don't know B. If public sewer system service is available
to the property, is the house connected to the
sewer main? If no, please explain.
[ ] Yes [ No [ ] Don't know *C. Is the property subject to any sewage
system fees or charges in addition to those
covered in your regularly billed sewer or on-site
sewage system maintenance service?
Buyer's Initiel Seller's Initials Seller's Initials
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D. If the property is connected to an on-
site sewage system:
[] Yes [] No [] Don't know / *(1) Was a permit issued for its
construction, and was it approved by the
local health department or district
following its constriction?
(2) When was it last pumped:
[ ] Yes [ ] No [ ] Don't know ,4/� *(3) Are there any defects in the
operation of the on-site sewage system?
[ ] Don't know (4) When was it last inspected?
By whom:
[ ] Don't know (5) For how many bedrooms was the
on-site sewage system approved?
Bedrooms
Yes [ ] No [ ] Don't know E. Are all plumbing fixtures, including
laundry drain, connected to the sewer/on-site
sewage system? If no, please explain:
[ ] Yes [ ] No [ ] Don't know *F. Have there been any changes or repairs to
the on-site sewage system?
[ ] Yes [ ] No [ ] Don't know M14% G. Is the on-site sewage system, Including
the drainfield, located entirely within the
boundaries of the property? If no, please
explain.
[ ] Yes [ ] No [ ] Don't know MIA *H. Does the on-slte sewage system require
monitoring and maintenance services more
frequently than once a year? If yes, please
explain:
NOTICE: IF THIS RESIDENTIAL REAL PROPERTY DISCLOSURE STATEMENT IS BEING
COMPLETED FOR NEW CONSTRUCTION WHICH HAS NEVER BEEN OCCUPIED, THE SELLER
IS NOT REQUIRED TO COMPLETE THE QUESTIONS LISTED IN ITEM 5. STRUCTURAL OR
ITEM 6. SYSTEMS AND FIXTURES.
4. HEATING
A. How is the residence heated?
❑ Baseboard
Electric
❑ Gas
❑ OII
❑ Propane
[ ] Yes [ ] No [ ] Don't know Is there an onsite fuel tank?
Buyer's Initial� Seller's Initials Seller's Initials
S. STRUCTURAL
[ ] Yes [ ] No Don't know *A. Has the roof leaked within the last five
years?
[ ] Yes [ ] No [ ] Don't know *B. Has the basement flooded or leaked?
[ ] Yes No [ ] Don't know *C. Have there been any conversions,
additions, or remodeling?
[ ] Yes [ ] No [ ] Don't know *(1) If yes, were all building permits
obtained?
[ ] Yes [ ] No [ ] Don't know *(2) If yes, were all final inspections
obtained?
Yes [ ] No [ ] Don't know D. Do you know the age of the house? If
yes, year of original construction:1940
[ ] Yes [ ] No Don't know *E. Has there been an settling, slippage, or
sliding of the property or its improvements?
[ ] Yes [XNo [ ] Don't know *F. Are there any defects with the following:
(If yes, please check applicable items and
explain.)
❑ Foundations 11111 ❑ Decks ❑ Exterior Walls
❑ Chimneys ❑ Interior Walls ❑ Fire Alarm
❑ Doors ❑ Windows ❑ Patio
❑ Ceilings ❑ Slab Floors ❑ Driveways
❑ Pools ❑ Hot Tub ❑ Saunas
❑ Sidewalks ❑ Outbuildings ❑ Fireplaces
❑ Garage Floors ❑ Walkways ❑ Sidin
❑ Other ❑ Wood Stoves
[ ] Yes [ ] No Don't know *G. Was a structural pest or"whole house"
inspection done? If yes, when and by whom was
the inspection completed?
[ ] Yes 4d No [ ] Don't know H. During your ownership, has the property
had any wood destroying organism or pest
infestation?
[ ] Yes [ ] No Dj Don't know I. Is the attic insulated?
[ ] Yes [ ] No [ ] Don't know J. Is the basement insulated?
6. SYSTEMS AND FIXTURES
*A. If any of the following systems or fixtures
are Included with the transfer, are there any
defects? If yes, please explain.
Buyer's Initlal Seller's Initials Seller's Pnitials
Yes [ ] No [ ] Don't know • Electrical system, including wiring,
switches, outlets, and service.
Yes [ ] No [ ] Don't know • Plumbing system, including pipes,
faucets, fixtures, and toilets.
Wes [ ] No [ ] Don't know • Hot water tank
[ ] Yes [ ] No kDon't know • Garbage disposal
[ ] Yes [ ] No Don't know • Appliances
[ ] Yes [ ] No Don't know • Sump pump
XYes [ ] No [ ] Don't know • Heating and cooling systems
[ ] Yes [ ] No [ ] Don't know KO, • Security system
[ ] Owned [ ] Leased
[ ] Other
*B. If any of the following fixtures or property
is included with the transfer, are they leased? (If
yes, please attach copy of lease.)
[ ] Yes [ ] No [ ] Don't know f-JZ,& Security system
[ ] Yes k No [ ] Don't know Tanks (type):
[ ] Yes [ ] No [ ] Don't know �/� Satellite dish
[ ] Yes [ ] No [ ] Don't know Other:
*C. Are any of the following kinds of wood
burning appliances present at the property?
[ ] Yes No [ ] Don't know (1) Woodstove?
[ ] Yes [ No [ ] Don't know (2) Fireplace Insert?
[ ] Yes k No [ ] Don't know (3) Pellet stove?
[ ] Yes X No [ ] Don't know (4) Fireplace?
[ ] Yes [ ] No [ ] Don't know If yes, are all of the (1) woodstoves or (2)
fireplace inserts certified by the U.S.
Environmental Protection Agency as clean
burning appliances to Improve air quality and
public health?
Buyer's Initia Seller's Initials Seller's Initials
'Yes [ ] No [ ] Don't know D. Is the property located within a city,
county, or district or within a department of
natural resources fire protection zone that
provides fire protection services?
Yes [ ] No [ ] Don't know E. Is the property equipped with carbon
monoxide alarms?
(Note: Pursuant to RCW 19.27.530, seller must
equip the residence with carbon monoxide alarms
as required by the state building code.)
Yes [ ] No [ ] Don't know F. Is the property equipped with smoke
alarms?
7. HOMEOWNERS'ASSOCIATION/COMMON INTERESTS
[ ] Yes `�JNo [ ] Don't know A. Is there a Homeowners' Association?
Name of the Association and contact information
for an officer, director, employee, or other
authorized agent, if any, who may provide the
association's financial statements, minutes,
bylaws, fining policy, and other information that
is not publicly available.
[ ] Yes ><No [ ] Don't know B. Are there regular periodic assessments:
$ per [ ] Month [ ] Year
[ ] Other
[ ] Yes D<No [ ] Don't know *C. Are there any pending special
assessments?
[ ] Yes R No [ ] Don't know *D. Are there any shared 'common areas" or
any joint maintenance agreements (facilities such
as walls, fences, landscaping, pools, tennis
courts, walkways, or other areas co-owned in
undivided Interest with others)?
8. ENVIRONMENTAL
[ ] Yes IN No [ ] Don't know *A. Have there been any flooding, standing
water or drainage problems on the property that
affect the property or access to the property?
[ ] Yes [ ] No [ ] Don't know *B. Does any part of the property contain fill
dirt, waste or other fill material?
Buyer's Initial .Seller's Initial Seller's Initials
[ ] Yes No [ ] Don't know *C. Is there any material damage to the
property from fire, wind, floods, beach
movements, earthquake, expansive soils, or
landslides?
[ ] Yes ] No [ ] Don't know D. Are there any shorelines, wetlands,
floodplains, or critical areas on the property?
[ ] Yes [ ] No Don't know *E. Are there any substances, materials, or
products on the property that may be
environmental concerns, such as asbestos,
formaldehyde, radon gas, lead-based paint, fuel
or chemical storage tanks, or contaminated soil
or water?
[ ] Yes No [ ] Don't know *F. Has the property been used for
commercial or industrial purposes?
[ ] Yes [ ] No Don't know *G. Is there any soil or groundwater
contamination?
[ ] Yes [ ] No Don't know *H. Are there transmission poles or other
utility equipment installed, maintained, or buried
on the property that do not provide utility service
to the structures on the property?
[ ] Yes No [ ] Don't know *I. Has the property been used as a legal or
illegal dumping site?
[ ] Yes b4 No [ I Don't know *J. Has the property been used as an illegal
drug manufacturing site?
[ ] Yes X No [ ] Don't know *K. Are there any radio towers in the area
that may cause interference with cellular
telephone reception?
9. MANUFACTURED AND MOBILE HOMES
If the property includes a manufactured or mobile home,
[ ] Yes No [ ] Don't know *A. Did you make any alterations to the
home? If yes, please describe the alterations:
[ ] Yes [ ] No Don't know *B. Did the previous owner make any
alterations to the home?
[ ] Yes [ ] No [ ] Don't know /� *C. If alterations were made, were permits or
Y variances for theses alterations obtained?
Buyer's Initialc5l:�_r seller's Initials Seller's Initials
M FULL DISCLOSURE BY SELLERS
A. Other conditions or defects:
[ ] Yes No [ ] Don't know *Are there any other existing material defects
affecting the property that a prospective buyer
should know about?
B. Verification:
The foregoing answers and attached explanations
(If any) are complete and correct to the best of
my/our knowledge and I/we have received a
copy hereof. I/we authorize all of my/our real
estate licensees, if any, to deliver a copy of this
disclosure statement to other real estate
licensees and all prospective buyers of the
property.
Buyer's Initial Seller's Initials Seller's Initials I
i
I
NOTICE TO THE BUYER
INFORMATION REGARDING REGISTERED SEX OFFENDERS MAY BE OBTAINED FROM LOCAL
LAW ENFORCEMENT AGENCIES. THIS NOTICE IS INTENDED ONLY TO INFORM YOU OF
WHERE TO OBTAIN THIS INFORMATION AND IS NOT AN INDICATION OF THE PRESENCE OF
REGISTERED SEX OFFENDERS.
II. BUYER'S ACKNOWLEDGMENT
A. Buyer hereby acknowledges that: Buyer has a duty to pay diligent attention to any
material defects that are known to Buyer or can be known to Buyer by utilizing diligent
attention and observation.
B. The disclosures set forth in this statement and In any amendments to this statement
are made only by the Seller and not by any real estate licensee or other party.
C. Buyer acknowledges that, pursuant to RCW 64.06.050(2), real estate licensees are
not liable for inaccurate Information provided by Seller, except to the extent that real estate
licensees know of such inaccurate information.
D. This Information is for disclosure only and Is not intended to be a part of the written
agreement between the Buyer and Seller.
E. Buyer (which term includes all persons signing the "Buyer's acceptance" portion of
this disclosure statement below) has received a copy of this Disclosure Statement (including
attachments, if any) bearing Seller's signature.
DISCLOSURES CONTAINED IN THIS DISCLOSURE STATEMENT ARE PROVIDED BY SELLER
BASED ON SELLER'S ACTUAL KNOWLEDGE OF THE PROPERTY AT THE TIME SELLER
COMPLETES THIS DISCLOSURE STATEMENT. UNLESS BUYER AND SELLER OTHERWISE
AGREE IN WRITING, BUYER SHALL HAVE THREE BUSINESS DAYS FROM THE DAY SELLER
OR SELLER'S AGENT DELIVERS THIS DISCLOSURE STATEMENT TO RESCIND THE
AGREEMENT BY DELIVERING A SEPARATELY SIGNED WRITTEN STATEMENT OF RESCISSION
TO SELLER OR SELLER'S AGENT. YOU MAY WAIVE THE RIGHT TO RESCIND PRIOR TO OR
AFTER THE TIME YOU ENTER INTO A SALE AGREEMENT.
BUYER HEREBY ACKNOWLEDGES RECEIPT OF A COPY OF THIS DISCLOSURE STATEMENT
AND ACKNOWLEDGES THAT THE DISCLOSURES MADE HEREIN ARE THOSE OF THE SELLER
ONLY, AND NOT OF ANY REAL ESTATE LICENSEE OR OTHER PARTY.
I
DATE: BUYER: BUYER:
Buyer's Initials _�� - Seller's Initials - Seller's Initials
i
EXHI@IT C
1. Lien of the Real Estate Excise Sales Tax and Surcharge upon any sale of said premises,
if unpaid. As of the date herein,the excise tax rate for the City of Kent is at 1.78%.
Levy/Area Code: 1525
2. Liability, if any, for pro-rata portion of Real Property taxes, which are carried on
the King County Tax Rolls, as exempt. Tax account no. 242204-9D39-08.
The taxes for the current year reflect an exemption. Any curtailment of the exemption
may result in an additional amount being due for the current year and for any re-assessment
of land and improvement values.
5. Easement, including terms and provisions contained therein:
Recorded: March 20, 1989
Recording Information: 8903200594
In Favor Of: Puget Sound Energy, Inc., a Washington corporation
For: Electric transmission and/or distribution system
6. Easement, including terms and conditions contained therein:
Reserved By: City of Kent
For: Drainage, overhead or underground utilities and right of way
Recorded: February 22, 1993
Recording Information: 9302221035
i
Buyer's Initial - Seller's Initials Seller's Initials
REQUEST FOR MAYOR'S SIGNATURE
IGE t�l T
WA,I I III.�„
Routing Information:
(ALL REQUESTS MUST FIRST BE ROUTED THROUGH THE LAW DEPARTMENT)
Approved by Director
Originator: Julie Pulliam Phone (Originator): 5702
Date Sent: 2/12/16 Date Required:ASAP
Return Signed Document to: Julie Pulliam Contract Termination Date: 3/15/16
VENDOR NAME: Date Finance Notified:
Titus Court Apartments Limited Partnership (Only required on contracts 2/1 6/ 1 6
P P 20 00o and over or on an Grant
DATE OF COUNCIL APPROVAL: i Date Risk Manager Notified:2/16/16
2/16/16 (Required on Non-City Standard Contracts A reements
Has this Document been Specificall Account Number:
Authorized in the Budget? YEStjNO m20042.66100.9419
Brief Explanation of Document:
$234,268.00 Purchase of the property located on the Naden property. 914 West
Meeker Street.
All Contr a Routed Through The Law Department
jz� ---- C
(This area t e th Law Department)
Received: `
Approval of Law Dept.: _ 11
Law Dept. Comments: �`�
Date Forwarded to Ma or: ! 1
Shaded Areas To Vynoagy Administration Staff
Received: `
Recommendations and Comments: f� -
� r
Disposition: l✓ �//f ! e L/ t < �! `7 mt f zl �7/z 4_ ;
r
1 � 1 y `� r
Date Returned:
P9 —a. 0.8.0 Pmaeaz ng eWe511m May SignaNrt.Jovx 1 F}� y t, "' ry ky
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