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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
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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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1oftheCourtshallnotdisburseanyofthefundsdepositedtorespondentMarmina,LLCuntilafter2receivingproof,sufficienttotheClerkoftheCourt,thattheseniordeedoftrustofHanmiBank3hasbeenpaid,andthatallotherjuniorliens,ifany,havebeenpaidanddischarged.TheHanmi4BankindebtednessshallbepaidbytheClerkoftheCourtfromtheJudgmentAmountuponmotion5ofHanmiBank,providedthatHanmiBankandMarmina,LLCagreethattheloanpayoffprovided6byHanmiBankwillincludeamaximumof$4,500.00inattorney’sfees,amaximumof$5,893.157inlatecharges,andadiscountoftheprepaymentpenaltyintheamountof$10,856.30,andthat8HanmiBankshallnotassessdefaultinterest.Bywayofexample,theloanpayoffasofJanuary931,2024wouldbe$1,766,375.05.Witha$10,856.30discount,HanmiBankwouldbewillingto10accept$1,755,518.75onJanuary31,2024insatisfactionofthisloan.117.6.TheJudgmentAmountisfurthersubjecttodeliverybyRespondentsofacompleted12andsignedW-9totheCity,andtheClerkoftheCourtshallnotdisburseanyofthefundsdeposited13untilaftertheCityfileswiththeCourtanAcknowledgementofReceiptofW-9.147.7.CostsarewaivedastobothParties.157.8.UponentryofthisJudgment,theClerkisorderedtostrikethetrialdateandremove16thematterfromthetrialcalendar.177.9.PetitionershallrecordacopyofthisStipulatedFindingsofFact,Conclusionsof18Law,Judgment,andDecreeofAppropriationwiththeSnohomishCountyAuditor’soffice.19DATEDthis_____dayof,2023.2021SUPERIORCOURTJUDGE!COURTCOMMISSIONER22Stipulatedtoandpresentedby:23STIPULATEDFINDINGSOFFACT,CONCLUSIONSOFLAW,FOSTERGARvEYPCJUDGMENTANDDECREEOFAPPROPRIATION51111THifiDAVENUE,SUiTE3000SEATrLE,WASHINGTON98101-3299PHONE(206)447-4400FAx(206)447-9700
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