HomeMy WebLinkAboutEC17-206 - Other - Marquee on Meeker - Phase I - Section 12: Memorandum of Limited Sale and Transfer Restriction - 04/02/2018Section 12
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WHEN RECORDED RETURN TO
Foster Pepper FLLC
11 11 Third Avenue, Suite 3000
$eattle, WA 98101
Attention. Belh Clark
Document Title:
Grantor:
Grantee:
Legal Descriplion;
Marquee on Meeker LLC
City of Kenl
ORIGTHAL
Elertronicslly Recorded
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Memorandum of Limited $ale and Transfer
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Abbreviated Legal Oescription: l-ois "l-2, Kent Sp No, $p-
2017-1, Rac, 201 80321 900004
Full Lagal De*cription: $ee Exhibit A attached
Aseossor'g Tex Parcel Nos,: Ptn af ?322A4-901'l-01
Reference Noe. sf Documants Released or Assigned: Not applicable
MEMORAilIDUM OF LIMITEO SAIE AND TRANSFER RESTRICTION
THIS MEMORANDUM OF LIMITED SALE AND TRANSFER REETRICTION(lhe "Memorandum") is executed lhis Jjd day of hprl j , 2e1g, by and
lgtween Marquee on Mesher LLc, a washington tim;tea ruoitity company("Developer"), and the city of Kenl, a washington municipal corporation'("Gity,'i.
.1. Limited sale ald_rransfer Reeldgtio.n". city conveyed to Developercertain real property located in lhe city of Keni, washington, more padicularly
described in Exhibit A attached hereto (the "Prcperty") pursu?nt {o that certain RealEslate Purchase and sale Agreement with Lease/opiion daied as of May 5, 2017, asamended (the "Purchase Agreemenf'). As a condition of the conveyance of the
Property io Developer pursuanl lo the Purchase Agreement, City required Developerto enter into cerlain restrictions on Developet's sale, transfer or conveyance of anyportion of the Property, improvernents constructed lhereon or memberihip lnterests
in Developer, pursuant to the terms and conditions of the Limiied Sale and TransferRestriction between Developer and City of even dale herewith (lhe "Limited Sale
and Transfer Restriction'),
- . .2. Purpose of Memorandum. This Memorandum is prepared for purposesofgivingnotiffiTtansferRestrictionanddoesnolsotforthall
1-
of the terms and conditions set forth in the Limited Sale and Transfer Restriction. ltthere is any conflict between the terms and conditions of the Limited Sale andTransfer Restriction and this Memorandum, the Limited Sale and Transfer Restriction
shall control.
3. Termination. This Memorandum shall expire and have no further forceor effect according to ihe terms for expiration set forth in section 2 of the Limited saleand Transfer Restriction, and lrpon satisfactiorr of such terms for expiration, City andDeveloper shall execute such documentation as may be reasonably requested byDeveloper in order to fully release this Memorandum fiom tiile to the fioperty
This Memorandum is made as of the date first written above.
CITY:
CITY OF KENT, a
Washington municipal corporation
Dana lph, Mayor
DEVELOPER:
MARQUEE ON MEEKER LLC, a Washington
limited liability company
By: The Missing Links LLC, its Manager
Brett Jacobsen, Manager
.lrt1:t.t ) ,
of the terms and conditions set forth in the Limited Sale and Transfer Restriction. lf
there is any conflict between the terms and conditions of the Limited Sale and
Transfer Restriction and this Memorandum, the Limited Sale and Transfer Restriction
shallcontrol.
3. Termination. This Memorandum shall expire and have no further force
or effect according to the terms for expiration set forth in Section 2 of the Limited Sale
and Transfer Restriction, and upon satisfaction of such terms for expiration, City and
Developer shall execute such documentation as may be reasonably requested by
Developer in order to fully release this Memorandum from title to the Property,
This Memorandum is made as of the date first written above.
CITY:
CITY OF KENT, A
Washington municipal corporation
Dana Ralph, Mayor
DEVELOPER:
IIARQUEE ON MEEKER LLC, a Washington
limited liabilig company
By:t
T
Links LLC, its Manager
sen, Manager
?
52Q77611 1
STATE OF WASHINGTON
COUNTY OF KING
I certify that I know sr have satisfactory evidence that Dana Ralph is the person who
appeared before me, and said individual acknowledged that she signed this instrument
as Mayor and acknowledged it to be her free and voluntary act ot ihe City of Kent for
the uses and purposes nrentioned in the instrument.
Given under nry hand and sfficialseat this 24 day at .2418rlrttt
$
IPrint mel !0tJ
aA NOTARY PUBLIC in and the state
of Washington, residing in
My appointment expires
lttt
STATE OF WASHTNGTON)
)s
couNTY oF KtNc )
1 certify that I know or have satisfactory evidence that Brett Jacobsen is the person who
appeared before me, and said individual acknowledged that he signed this instrument
as the Manager of The Missing Links LLC, the Manager of Marquee on Meeker LLCand acknowledged it to be his free and voluntary act for the uses and purposes
nrentioned in the instruiment.
Given under my hand and official seal this --* ctay of 2018
lPrint Namel
NOTARY PUBLIC in and for the state
of residing in
My appointment expires
.:,41.\t ] t
STATE OF WASHINGTON
COUNTY OF KING
I certify that I know or have satisfactory evidence that Dana Ralph is the person who
appeared before me, and said individual acknowledged that she signed this instrument
as Mayor and acknowledged it to be her free and voluntary act of ine City of Kent for
the uses and purposes mentioned in the instrument.
Given under my hand and official seal this _ day gf
---
,201g"
fPrint Name]
NOTARY PUBLIC in and for the state
of Washington, residing in
My appointment expires
STATE OF WASHTNGTON)
)$
cOuNTY OF KtNc )
I certify that I know or have satisfactory evidence that Brett Jacobsen is the person who
appeared before me, and said individual acknowledged that he signed this instrument
as the Manager of The Missing Links LLC, the Manager of Marquee on Meeker LLCand acknowledged it to be his free and voluntary act for the uses and purposes
mentioned in the instrument.
Given under my hand and officialsealthis 3$ day of 2A18.
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at t;t,,
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t,
{i'\
[Print Name]
NOTARY PUBLIC in and forthe state
of rlro,$nir's\on
My appointment expires
residing in Sc*lft\l
lle.;pt -ao*r
2
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Exhibit A
Legal Description of Property
LOTS 1 AND 2 AF CffY OF KENT SHORT PLAT NO. SP-20.I7-1, RECORDED
UNDER RECORDING NO. 2A18A3219OOOO4, IN KING COUNTY, WASHINGTON.
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Exhibit A