Ordinance 1858-92 - Laserfiche WebLink

EXHIBIT C After Recording Return to: Preston Thorgrimson Shidler Gates & Ellis 5400 Columbia Center 701 Fifth Avenue Seattle, Washington 98104 Attn: Christopher M. Carletti EXHIBIT E ASSIGNMENT AND DEED WHEREAS, the City of Everett, Washington (the "City") and Sierra Construction Co. , Inc. (the "Contractor" "Seller") have entered into a certain Amended and Restated Ground Lease dated as of , 1992 , (the "Amended and Restated Ground Lease") . -- - - : . - : . : - - : - Auditor's Reference No. for the lease by Contractor Seller of certain real property (the "Property") owned by the City and legally described on Exhibit A hereto; and WHEREAS, Contractor Seller has pursuant to contract with the City constructed certain improvements on said Property (the "Improvements") which Improvements are legally described on Exhibit B hereto; and WHEREAS, the City and Contractor Seller have entered into an Amended and Restated Lease certain agreement for the lease (with an option to purchase) by City of the Property and Improvements dated as of , 1992 (the "Amended and Restated Lease") ; and WHEREAS, the Contractor Seller has agreed to transfer the Improvements and assign its interest in the Amended and Restated Ground Lease and Amended and Restated Lease, each subject to the City's rights therein to (the "Underwriter") , and in consideration therefor has received from Security Pacific Bank Washington, N.A. , as trustee (the "Trustee") , acting on behalf of the Underwriter, the sum of ($ ) of which amount $ is being withheld by Trustee pending authorization for final payment by the City, and which total amount is the full Acquisition Price of the Seller's interest in the Amended and Restated Ground Lease, the Amended and Restated Lease and the Improvements, and the Underwriter has directed the Seller to assign said interests directly to the Trustee as described below for the benefit of the owners of the Certificates (as described below) ; Underwriter or its designees; A-C-1