2010-05-18 HEX# 10-004 Exhibit UAFTER RECORDING RETURN TO:
Annmarie Petrich
1900 W_ Nickerson Street, Ste 209
Seattle, WA 98119
20100218000745
KING COUNTY, �A
COVENANT
Grantor: Village Green of Federal Way, A Retirement
Community LLC
Grantee: The City of Federal Way
Legal Description (Abbreviated): Lot B of BLA 00-104014-00-SU
Assessor's Tax Parcel No.: 302104-9146
Reference No. of Documents: N/A
Released or Assigned: N/A
THIS SENIOR HOUSING COVENANT ("Covenant") is made as of
2010, by VILLAGE GREEN OF FEDERAL WAY, A
RETIREMENT COMMUNITY LLC, a Washington limited liability company ("Owner"),
far the benefit of THE CITY OF FEDERAL WAY, a municipal corporation ("City"),
with reference to the following facts:
A_ Grantor is the owner of that certain parcel of real property commonly
known as Cottages West (referred to as the "Property") and legally described as:
Lot B, City of Federal Way Boundary Line Adjustment No. 00,104014-00-
SU, recorded under King County Recording Number 20011205900002,
EXHIMT-Ak.
PAS CF
said Boundary Line Adjustment being a portion of the west half of the
northeast quarter of the northeast quarter in Section 30, Township 21
North, Range 4 East, W.M_, in King County Washington.
Tax Parcel No. 302104-9146
B_ The City has granted Owner approval to expand a neighboring senior
housing development commonly known as Village Green Retirement Campus onto the
Property (the "Project")-
C. As a condition of the City's approval of the Project, Owners are required
to impose certain covenants on the Property.
NOW, THEREFORE, in consideration of the foregoing recitals and for other
valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
Owner agrees as follows:
1_ Senior Housing Covenant. As required by Federal Way Revised Code Section
19.200.100 Note 2_a, Project housing will be available for the exclusive occupancy of
persons over 55 years of age and the spouses or caretakers living with such persons.
2. Governing Law This Covenant shall be construed under and enforced in
accordance with the laws of the State of Washington without regard to any conflicts of
law principals.
3_ Successors and Assigns. All of the terms and conditions of this Covenant shall
run with the land and shall be binding upon the assigns, heirs and successors of Owner.
2
PACE 2 G�_�
1N WITNESS WHEREOF the parties have executed this Agreement the day and year first
written above_
Monte B. Powell
Manager, Village Green of Federal Way,
A Retirement Community LLC.
COUNTY OF KING } ss
STATE OF WASHINGTON )
On this date personally appeared before me, Monte-Q. Powell to me known to be the
Manager of Village Green of Federal Way, A Retirement Comrxtunity LLCand who
executed within and foregoing instrument, and acknowledged that he/she or they signed
the same as coned. or their free and voluntary act and deed, for the use and purposes
therein mentioned.
Given under my hand and official seal this Qrd
day of
l
Printed Name_
NOTARY PUBLIC in and f r the State f
Washington, residing at
My Commission Expires
3
EX'14