2022/09/28 Council Agenda Packet

AFTER RECORDING, RETURN To: Name: Real Property Manager Address: 2930 Wetmore Avenue City/State: Everett, WA 98201 Attn: Paul McKee RELEASE OF EASEMENT Document Title: Release of Easement Reference Number of Document Released: 202009090197 Grantor: City of Everett, a Washington municipal corporation Grantee: Riverview I, LLC, a Washington limited liability company Abbreviated Legal Description as Follows: Lots-4-25, Block 324, Lots 17-26, Block 325, Riverdale Add., Vol. 10, P. 45; Parcels 1-3, BLA18-002, rec. 201906195002; Parcel 3, BLA 19-007, rec. 201907125001 Complete legal descriptions may be found on page 5 Assessor's Parcel Numbers as Follows: 005563-324-024-00; 005563-324-021-00; 005563-325-017-00; 005563-324-005-00; 005563-397- 029-00; 005563398-001-00; 290517-004-025-00; 005563-324-001-00; and 005563-324-004-00 This Release of Easement (the "Release"), dated for reference purposes as of October 1, 2022, is executed by City of Everett, a Washington municipal corporation (the "City") in favor of Riverview I, LLC, a Washington limited liability company ("Riverview"), the owners of that certain real property in Everett, Washington as legally described on Exhibit A hereto (the "Property"). Recitals A. On September 9, 2020, Riverview recorded an easement, recorded under Recording Number 202009090197 in Snohomish County, Washington (the "Old Easement"), burdening the Property and benefitting the City. The purpose of the Easement was to allow the City to convey water across the Property. B. On April 11, 2022, Riverview recorded another easement, recorded under Recording Number 202204110516 in Snohomish County, Washington (the "New Easement"), burdening the Property and benefitting the City. The New Easement provides the same rights granted under the Old Easement, but within an amended easement area. Because the City and Riverview have entered