2106 GRAND AVE 2016-01-01 MF Import

' IiC W 64.55.010: Definitions. � Page 2 of 2 (iii)Any building thal contains attached dwelling units each o(which is located on a single platted lot. (7)"Party unit owner"means a unit owner who is a named party to an action subject to this chapter a:id does not include any unit owners whose involvement wilh the adion stems solely from iheir membership in the associalion. (8)"Ouaiified building inspector"means a person satisfying ihe requirements oi RCW 64.55.040. (9)"Rehabilitative construqion"means wnstruction work on the building enclosure of a mulliunit residentiai building it the cost of such conslruction work is more Ihan five percent of the assessed value of lhe building. (10)"Sale prohibition covenanY'means a recorded covenant lhal prohibits the sale or other disposition of individual dwelling units as or as paA oi a condominium for five years or more from the date of first occupancy ezcept as olherwise provided in RCW 64.55.090, a certified copy of which the developer shall submit to the appropriate buiiding department; provided such covenanl shail not apply to sales or dispositions listed in RCW 64.34.400(2).The covenanl must be recorded in the county in which the building i�localed and must be in substantially lhe following form: This covenanl has been recorded in the real property records of. . . . . . County,Washington,in satisfaction of the requirements of RCW 64.55.010 lhrough 64.55.090.The undersigned is lhe owner of ihe property described an Exhibit A(the"Property"). Until termination of lhis covenant,no dwelling unit in or on the Property may be sold as a condominium unil except for sales listed in RCW 64.34.400(2). This covenant terminates on the earlier of either: (a)Compliance wilh the requirements of RCW 64.55.090,as certified by the owner of ihe Property in a recorded supplement hereto;or(b)the fifth anniversary ot ihe date of first occupancy ot a dwelling unil as certified by the Owner in a recorded supplement hereto. All title insurance companies and persons acquiring an interest in the Property may rely on the forgoing certifications withoul further inquiry in issuing any policy of tille insurance or in acquiring an interest in the Property. (11)"Stamped"means besring the stamp and signature of the responsible licensed architect or engineer on the title page, and on every sheet ot the documenls,drawings,or specifications,including modifications to Ihe documents, drawings,and specifications that become paA of cha�ge orders or addenda to alter those documenis, drawings, or specificalions. �2005 c 456§2.� 1 v http://a��ps.Icg.�ca.Luv/RCN/dctault.asp�?citc=(d.>5.010 7/18/2007