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Marmina LLC 12/27/2023
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Marmina LLC 12/27/2023
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Last modified
1/11/2024 2:46:37 PM
Creation date
1/11/2024 2:46:08 PM
Metadata
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Contracts
Contractor's Name
Marmina LLC
Approval Date
12/27/2023
Council Approval Date
1/10/2024
Department
Legal
Department Project Manager
Tim Benedict
Subject / Project Title
Waits Motel Condemnation
Tracking Number
0004127
Total Compensation
$1,850,000.00
Contract Type
Agreement
Contract Subtype
Settlement Agreements
Retention Period
6 Years Then Destroy
Imported from EPIC
No
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1City’stakingoftheProperty,includingbutnotlimitedtointerest,expertfees,attorneyfees,costs,2andanyclaimsofdamagesorotherdiminutioninvalue.33.2.ThisJudgmentandtheJudgmentAmountwerereachedfollowinggoodfaith4negotiationsandreflectconsideredevaluationoftherisksassociatedwithfurtherlitigation,5includingthecontinuedcommitmentofresourcesbytheParties.TheJudgmentAmountisa6compromiseandsettlementanddoesnotconstituteanacknowledgementoftheclaimsordefenses7ofeitherPartyastotheissuesinthismatter.83.3.ThePropertyacquiredbytheCityislegallydescribedintheattachedExhibitAand9consistsofafeesimpleabsoluteinterestintheProperty,SnohomishCountyTaxParcelNumber10290517-003-014-00,commonlyknownas1301LombardAvenueinEverett,Washington.11ExhibitAisincorporatedhereinbythisreference.123.4.ThePartiesherebystipulatetoentryofthisJudgment.134.PUBLICUSEANDNECESSITY14ThePartiesstipulatethatthisacquisitionisforapublicuseandisnecessaryforthatpublic15useasdeterminedbytheCityCounciloftheCityofEverett.165.JUDGMENTANDAPPROPRIATION175.1.ThetotaljustcompensationtobepaidbytheCitytoRespondentMarminaLLC,18thefecowneroftheproperty,subjecttotheseniorlienrightsofHanmiBankintheJudgment19Amount,forandinconnectionwiththetakinganddamagingoftheProperty,togetherwithany20improvementsthereon,attorney,expert/evaluationfees,andinterest,ifany,istheamountofOne21MillionEightHundredFiftyThousandandNo/100Dollars($1,850,000.00).Saidsumshallbe22paidtotheClerkoftheCourtwithintwenty-one(21)courtdaysofentryofthisJudgment.Interest23STIPULATEDFINDINGSOFFACT,CONCLUSIONSOFLAW,FOSTERGARvEYPCJUDGMENTANDDECREEOFAPPROPRIATION31111THIRDAVENUE,SUITE3000SEATrLE,WASHINGTON98101-3299PHONE(206)447-4400FAx(206)447-9700
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