3007 EVERETT AVE GLOBODYNE INDUSTRIES 2017-04-19

records of Snohomish Couty as a restrictive covenant, restricting the use and enjoyment of the Parking Site by placing such a condition (s) on the land use approval; and WHEREAS, this Covenant concerns the Grantor/Covenantor' s use, occupation, enjoyment of the Parking Site and benefits the City as Grantee/Covenantee; and WHEREAS, this Covenant is intended to bind successors and assigns and run with the land; NOW, THEREFORE, Owner (s) agree (s) to abide by restrictions on occupation, use, and enjoyment of the property as follows : 1 . Owner (s) agree (s) the property at 3015 EVERETT AVENUE, EVERETT, WA is the Parking Site and is devoted in whole, or in part, to parking that serves the use/building on the Applicant' s lot, providing 2 parking spaces on the property so as to enable Applicant to meet Applicant' s parking requirements pursuant to the Zoning Code. 2 .Owner (s) agree (s) to devote the following portion of the Parking Site, legally described below as the "Parking Portion", to parking that serves the use on Applicant' s lot: COMMENCING AT THE NORTHWEST CORNER OF WALNUT STREET AND EVERETT AVENUE; THENCE RUN WEST,ALONG THE NORTH RIGHT OF WAY OF EVERETT AVENUE, FOR 154 . 50 FEET; THENCE RUN NORTH FOR 62. 01 FEET TO THE TRUE POINT OF BEGINNING; THENCE RUN EAST 16. 00 FEET; THENCE RUN SOUTH FOR 25 . 5 FEET; THENCE RUN WEST FOR 16. 00 FEET; THENCE RUN NORTH 25. 5 FEET TO THE TRUE POINT OF BEGINNING. 3.This document shall constitute a covenant running with the land and the rights and obligations of the parties hereto shall inure to the benefit of and be binding upon their respective legal representatives, successors and assigns. 4 . This Covenant shall terminate in the event that 1) the use on the Applicant' s lot that created the need for the off-site parking on the Parking Portion of Owner' s Property is abandoned or discontinued; or 2) the Applicant provides parking in an alternate location acceptable to and approved by the City. 3/�