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EXHIBIT B <br /> (QUIT CLAIM DEED) <br /> s � . <br /> l.AftgrRacording Mail To: <br /> '95 FEB 24 POO:50 <br /> .Real Piopeity Manager 0•.0. 1 7 5 a <br /> F .yerettEaigirPer'iN.Dept9:H lc,-,...' ,I... . f<t 3'8,i•SA�....{l.L.d G. <br /> r� ••. 320QCedarStrbgt' sA0K II':H'Cl.4' <br /> O Everette WA..98201 <br /> tlt <br /> g <br /> ` G:4! . .'—' QUIT CLAIM DEED <br /> O <br /> m ( at) THE GRANTOR, IT.14112F EVE&EDT,a municipal corporation for and in consideration of <br /> CA MUTUAL BENEFITS PERIV.ED conveys and 4ult claims to the HOUSING AUTHORITY <br /> Li OF THE CITY OF EVERETT,a municipal ediporation,the following described real estate, <br /> situated in the County ofSNOHOMISH,State of Washington including any interest therein <br /> which grantor may hereafter acquire:.. <br /> cc i <br /> 1 The West half of Governmetit Lo5,1;•Sec{ion 1%Township 28 North,Range 5 East, <br /> W.M.; <br /> EXCEPT,the North 500 feet•thereoft.aad;......... <br /> EXCEPT,the Westerly 30 feet for street purposes(3rd Ave.S.E.) <br /> SUBJECT to reservations and encumbraneFs Of accord;' <br /> acceptance of the above-described property ii 5Ulijecf to the(olibwing covenant: <br /> 1. In the event the Housing authority sells the pfroperty to i.ppeerrson or organization which is <br /> not exempt from payment of LID assessments proceeds fropsth'e sale of the property will <br /> be used,as a first priority,to reimburse the CiLyof Fareretr for ail funds expended for the <br /> acceisment on said property,under LID 7I6A. Theamount of the.City's payments total <br /> t1 Ninety Thousand Two Hundred Seventy-two Dollarg and Fift1.fents:(590,272.50). <br /> 2. In the event the Housing Authority improves the property,the Housing Authority will <br /> recognize the LID 716A improvements and the costs thereof as&east of acquisition of <br /> said property and improvement and will pursue all reasatableavenuerof funding sources <br /> to reimburse the City for all City funds expended for said a ssessts+cnt.which.amounts to <br /> I Ninety thousand Two Hundred Seventy-two Dollars and Fifty Cents(59Q,272.51�. It is <br /> 4— recognized that funding sources for Everett Housing Authority tttiprovesnept of file <br /> property may not recognize property acquisition and improvement.eosts•and ttlat if this is <br /> the case,such funds may never become available. ,..... - <br /> 1....„,-- <br /> I <br /> .'c <br /> 1E hkt5: <br /> „,° r <br /> arm :i ',. <br /> vot. 3005Pa6E0250 .. <br /> EXHIBIT B <br /> CITY OF EVERETT-LOCAL IMPROVEMENT DISTRICT <br /> ASSESSMENT RELEASE AGREEMENT <br /> B-1 <br /> FG:53759634.5 <br />