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Homes and Hope Community Land Trust 8/25/2020
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Homes and Hope Community Land Trust 8/25/2020
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Last modified
10/5/2020 9:22:51 AM
Creation date
10/5/2020 9:21:58 AM
Metadata
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Contracts
Contractor's Name
Homes and Hope Community Land Trust
Approval Date
8/25/2020
Council Approval Date
2/12/2020
Department
Facilities
Department Project Manager
Paul McKee
Subject / Project Title
Repayment Agreement Low Income Housing
Tracking Number
0002436
Total Compensation
$90,272.50
Contract Type
Real Property
Retention Period
10 Years Then Transfer to State Archivist
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,,.... <br /> •-•' .., <br /> .....' .....''. ....•'.. <br /> ..." .• ' <br /> ..'". .-".. <br /> i . ...".• <br /> . .. _ <br /> '..' <br /> ..-- •- ..----- <br /> :•AftprBeciirding Mail To: <br /> § F • - 95 FEB 24 NO 50 <br /> .Real Fiupoiry Maliager W.O. I 75 a. <br /> M t---t1Byerett-Eigineerin..Prepts.,0IL:. - ‘<..i TA....•S.-4.t.r...t1 41.11 I' <br /> g CDt ,., 3200 CedarStreet• 54all!;.:f•C Cs <br /> '-EverettAA..911201 <br /> ..t i <br /> r14 <br /> i i C.4 <br /> CD i' .--•..' ' .: QUIT CLAIM DEED <br /> .... ...-- .• ..• ...• <br /> . .,. •'' •-'" •'•.• .•-• _. <br /> 1 la THE GRANTOR,CITrOFEVERE'• IT,a municipal corporation for and in consideration of <br /> c3) MUTUAL BENEFITS PERIV.E13 conveys§ ancl,qutt claims to the HOUSING AUTHORITY 1, OF THE CITY OF EVERETT,a mumcipal.cOrporation,the following described real estate, <br /> situated in the County ofSNOHOMISH,Sitte of Washington including any interest therein <br /> which grantor may hereafter acquire:..•' ..... ,.. <br /> 1 <br /> 1 The West half of Governmerit Lo.i','"ieeticin IB;Township 28 North,Range 5 East, <br /> W.M.; <br /> i EXCEPT,the North 500 feeethereof,and.;,..-•-•••••• <br /> - ( .......••• ...• . <br /> • <br /> •- <br /> EXCEPT,the Westerly 30 feet for stet purposes Ord Ave.S.E.) <br /> SUBJECT to reservations and encumbrances 8f reCiard,•1 <br /> . ...;:,•••"----- <br /> acceptance of the above-described property i'i tublecf to the,..folifiwing covenant: <br /> I. In the event the Housing authority sells the pfroperty to 1.pcison or organization which is <br /> not exempt from payment of LID assrssments,proceeds froinifie sale of the property will <br /> be used,as a first priority,to reimburse the City of Ererettlor all funds expended for the <br /> assessment on said property,under LID 716A. The amOunt,of ihe.City's payments total <br /> I I I Ninety Thousand Two Hundred Seventy-two Dollal'and pitly.Cents;($90,272.50).I <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 a•dast ofacquisition of <br /> said property and improvement and will pursue all reasoasttelvenues-of funding sources <br /> to reimburse the City for all City funds expended for said risessmint.whichtimounts to <br /> Ninety thousand Two Hundred Seventy-two Dollars and Fifty (S99,272.544. It is <br /> 1 recognized that funding sources for Everett Housing Authority Iteprovement of file <br /> property may not recognize property acquisition and improvemem„erists.sitd that if this is <br /> the case,such funds may never become available. - ..• ...... <br /> ••• •• • <br /> ._,.. . • • <br /> 103 Li 1 • .• •• •• <br /> • • • _..... <br /> J i Kim .015M,,', .,i,;Al ,;;.' ..•..•••• <br /> 1_1 - L_DillitisgH''''""' NiAL <br /> 4•711.1 -,.•• ..-• <br /> - ..... .....,...... <br /> r ••• <br /> VOL. 3005PA6E0250 •• • <br /> ...• <br /> FG:53759634.5 <br />
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