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Home My WebLink About06-035 - Cascade Land Conservancy - Donation of 1.34 Acres Assignment of Option06-06-'06 00:27 FROM - COPY AFTER RECORDING MAIL TO: Jeremy Eckert Cascade Land Conservancy 615 2id Ave, Suite 625 Seattle, WA 98102 Filed for and Recorded at the Request of: Alhadeff Properties, LP T-025 P01/02 U-854 11111101 20060504000097 05/04/2006 09:26 KING COUNTY, WA E2204619 KI/04/2005 09:26 NG COUNTY, WA SALE x10.00 $0.00 PPGE001 OF 001 STATUTORY WARRANTY DEED GRANTOR(S): GRANTEE(S): LEGALS ON PAGE: TAX PARCEL NO'S: Alhadeff Properties, LP The City of Tukwila 1 873-300-0005 (Parcel A) 766-160-0212 (Parcel B) Upon THE GRANTEES execution of the Assignment of Option dated 13th of March, 2006, THE GRANTOR, Alhadeff Properties, LP, conveys and warrants to the City of Tukwila the following described real estate, situate in the County of King, State of Washington. Parcel A: Lots 1, 2, 3, 4, and 6, inclusive, Block 1, Stella A. Tyler's First Addition to Sterling, accoraring to the plat thereof recorded in Volume 15 of Plats, page 8, in King County, Washington, EXCEPT that portion thereof condemned for Primary State Highway No.1 in King County Superior Court Cause No. 596231, Parcel 13: That portion of Tract 12. Seattle Land Company's 5 acre tracts, according to the plat thereof recorded in Volume 6 of Plats, page 90, in King County, Washington, lying westerly of County Road: EXCEPT that portion thereof condemned for Primary State Highway No. 1 in King County Superior Court Cause No. 596231. Both parcels situated in County of King, State of Washington •ii16-7 0 ASSIGNMENT OF OPTION SIA in Oc I�� 400b THIS ASSIGMENT is made effective the / day of _ ec____b.._, ___5, by and between CASCADE LAND CONSERVANCY ("GLC"), a Washington nonprofit corporation, (herein "ASSIGNOR") and THE QTY OF TUKWILA, a Washington municipal corporation, (herein "ASSIGNEE"). RECITALS A. Pursuant to Option Agreement for Purchase of Real Estate dated December 20, 2005 (the "Option Agreement"), by and between Alhadeff Properties, LP ("GRANTOR") and Cascade Land Conservancy ("ASSIGNOR"), Assignor is the holder of certain rights, including but not limited to the right to purchase real property more particularly described in the Option Agreement which is situated within the municipal boundaries of the City of Tukwila for fixed price during the option term. B. The Option Agreement grants the rights described therein to Assignor and its successors and assigns. C Assignor desires to exercise its right of assignment and Assignee, in furtherance of an authorization by its City Council, desires to accept all of the rights and obligations of Assignor by means of this instrument. ASSIGNMENT AND AGREEMENT 1. In consideration of the foregoing, and for other good and valuable consideration, Assignor does hereby assign to Assignee all of Assignor's rights, duties, and obligations arising out of or attributable to the Option Agreement by and between Assignor and the aforementioned Seller concerning that certain parcel of real property situated within the municipal boundaries of the City of Tukwila, King County, State of Washington that is specifically described in Exhibit A attached hereto and incorporated herein bythis reference. 2. By its execution of this instrument, Assignee accepts the assignment of Assignor's rights, duties, and obligations under the Option Agreement, as described herein, including but not limited to the obligation arising out of the exercise of the option to pay to Seller the full amount of the purchase price therein specified. 3. By accepting this assignment from Assignor, Assignee fully assumes all of Assignor's rights, duties, and obligations arising out of or attributable to the Option Agreement and, therefore, Assignee hereby agrees to indemnify and save harmless Assignor, its officers, directors, employees, and agents from any and all liability, claims, and costs directly or indirectly related to the Option Agreement, including but not limited to reasonable fees for legal services. 4. The parties executing this instrument represent and warrant that they are fully authorized and empowered to act on behalf of the entity they represent and that the terms and conditions contained herein are and shall be legally binding upon such entities. Assignment of OPTION Page 1 • . CASCADE LAND OCONSERVANCY: 11I101LOtiS By Date e:Sirt/: i Title: ?De6A'' 1)1(`Cfl* THE QTY OF TUKWILA 4310‘ By -I3� y ( Date Name: Title: STATE OF WASHINGTON ) ss. COUNTY OF KING ) I certify that I know or have satisfactory evidence that ' y'4/ 1 &yrn is the person who appeared before me, and said person acknowledged that he signed this instrument and acknowledged it as the Devky Dl/.dor' of Cascade Land Conservancy to be the free and voluntary act of said person for the uses and purposes mentioned in the instrument. Dated: 12/21k• -•.S (Use this space for no . 'kt' . seal) Assignment of OPTION Page 2 Notar}�1'u`blic, 1 r Print Name Nez .k.0 My commission expires p STATE OF WASHINGTON ) ss. COUNTY OF KING ) I certify that I know or have satisfactory evidence that t, &inY)'I , fl -Ileus the person who appeared before me, and said person acknowledged that he signed this instrument and acknowledged it as the Met e . O Y of the City of Tukwila to be the free and voluntary act of said person for the uses and pur oses mentioned in the instrument. Dated: 31)a'o (Use this space for notarial stamp/seal) Assignment of OPTION Page 3 j4 N Print Name Ke 1 / r (ar, Print Name V I �j f U My commission expires • • Exhibit A LEGAL DESCRIPTION Parcel A: Lots 1,2,3,4,5 and 6, inclusive, Block 1, Stella A. Tyler's First Addition to Sterling, according to the plat thereof recorded in Volume 15 of Plats, page 8, in King County, Washington, EXCEPT that portion thereof condemned for Primary State Highway No. 1 in King County Superior Court Cause No.596231 Parcel B: That portion of Tract 12. Seattle Land Company's 5 acre tracts, according to the plat thereof recorded in Volume 6 of Plats, page 90, in King County, Washington, lying westerly of County Road: EXCEPT that portion thereof condemned for Primary State Highway No. 1 in King County Superior Court Cause No. 596231 Situated in the County of King, State of Washington 06-06-'06 00:27 FROM - GRANTOR: By - Date Name: Title: • • T-025 P02/02 U-854 STATE OF WASHINGTON ) ) ss. COUNTY OF KING ). I certify that I know or have satisfactory evidence that .r, 4/A„ the person who appeared before me, and said person acknowledged that he signed this instrument and acknowledged it as the P of Alhadeff Properties, LP to be the free and voluntary act of said person for the uses and purposes mentioned in the instrument. Dated: `Vs/0 g, 0:::::11 I i 0,0YCke 414 r- mom ets / lOtg4oi-6 leg. %9 pp "liii°PWAS" Notary Publi Print Name OA /9. L/v- c1 /:/)- ;, 7 My commission expires �v (Use this space for notarial stamp/seal)