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AG 95-017 IDATE//ï~ .$ ¡TO: ¡¿on (JaNtJú) CITÝ OF FEDERAL WAY LAW DEPARTMENT RE"'UE5T FOR CONTRACT PREPARATION/DOCUMENT REVIEW/BIt3NATURE RDUTINt3 BLIP ..",. ~ -A.r-nI C/ð- o.:27¡ . ¡{'-<h,'e UG~¡Cj ~- 6.0. £",-',f'{Tr 2. ORIGINATING STAF"F" PERSON: f2..c", blVl-Æs.i.-J DATE;;Q/9.\- 92 ~ ~!lfl L 1. ORIGINATING DEPT./DIV.: -,. 4. TVPE eF" DDCUMENT REQUEBTEe (CHECK eNE): 0 PRe'EeSleNAL SERVICEB AGREEMENT 0 MAINTENANcE/LABeR AGREEMENT 0 PUBLIC WeRKS CeNTRACT 0 SMALL PUSLIC WeRKS CeNTRACT 'Lc.. THAP .",0001 0 PURCHASE AGREEMENT IMAns'ALR, SuPPu.., EOU'PMCpTI 0 REAL ESTATE PURCHASE & SALES AGREEMENT 94c. '- ~ ì C'I' ./ / EXT: -':1!..J7 3. DATE REQ. By, ~CURITY DeCUM9'T ",S" AsOU.EPT . ~~ A..'OPMCPT O. ""pa. 'N L'.u O. 'OPo' 0 CeNTRACTeR BELECT,eN OecuMENT ".0., R'., .", R'QI 0 CeNTRAcT AMENeMENT 0 EABEMENT 0 eTHER A13#: S. PRO.JECT NAME: (foL-,i)~ .1~N [XI'tf..(--ð:.J, ( I< ," (7c, I-C" ') 6. NAME OF" CONTRACTOR: J(¡m's G¥n::..-f7~ Aeems: .L:íL....:50, 293~"..:::5:.r: Þecl úll9)'-l/l- .J :.J TYPE eF" PERBeN eR ENTITV ICHECK eNE): c¡ ð'ð¿;;.3 0 INDIVIDUAL 0 PARTNERSHIP PHeNE:~) SSe¡ 'lì.s-/ 0 SeLE PRePRIETeR.HIP .:f CeRPeRATleN STATE:_- f /7 S; I ;( //'YI SIGNATURE NAME' TAX ID#/BS#: TITLE: ¡J ~ ~ I?-n~ 7. BCOPE OF" WORK' ATTACH EXHIBIT A - A ceMPLETE AND eETAILED DESCRIPTleN eF" THE SERVICES eR "cePE CF" weRK, INCLUDING ceMPLETleN eATEB F"eR EACH PHASE eF" weRK AND LeCATleN eF" weRK, B. TERM: CeMMENcEMENT DATE: COMPLETleN DATE: 9. TOTAL COMPENSATION: $ REIMBURBABLE EXPENBEB' ONe ,.. CALCULATeO OP HaUOLY LA.oo OPAOOC . ATTACH aCHCOUL" C' E.PLOTen TOTLn ANO POUOLY -TeRI 0 YEB Is SALEB TAX OwEe? 0 YES 0 Ne 10. SELEcTleN PRecEss USEe (CHECK eNE): 0 REQUEST .eR BIDS 0 RE",UEST .eR PRepeSALS IF" VES, MAXIMUM CeLLAR AMeUNT: $ IF" VES, PAle "v: 0 CeNTRACTeR DCITV 0 RE",UEBT .eR QueTES 0 RE",UEST F"eR QUAL"'CATleNB 0 ARCHITECT & ENGINEER LIBT 0 SMALL WeRKS ReSTER 11. CONT~ REVIEW ~w (ALL ceNTRACTBI 0 RISK MANAGEMENT ':~~:::"TT""::~~:.~~;: -;;:.~':.':::~~;a, 0 PURCHASING 12. CONTRACT SIGNATURE ROUTING ¿AW DEPARTMENT 4'TY MANAGER ¡¡¡(7'TY CLERK ¡¡(SIGNED cepv BACK;r;e eRIG'NATING DEPT. 0 ASSIGNED AG # '-15 -I 7 COMMENTS fJrwJ(:CI iJ' II'>! TIK- I'1lhNfl,N/IN({ A:-It.'~D ---O.f.. FvOW:»' FrYtf.. nn-u.,T'Evvl/N(.(- ßONi)S WHITE. CS'.'PAL novo WITP aoHTOAOT< CANARY. OS'O'PAT'PO .TA'~ .'NK' LAW OEPT,: GOLDENRDD' LAW OEPT, LC'" 'R'V ."'., - /;~DATE Aï~7/ q r ~/'" (' ~..- :"T'i î , ,) ~i{f'7 Aro,oL-/c.....,r- """'~ 1'r> bIt:ClHhvC:k Æ&!'1(.Nna...ñ3' SEt; AtrM:.Hl'-O INFolI.nAJf'loN .J'~-. A(7 CiS-17 Applicant: Project: Property: Kim's Corporation Holiday Inn Express 34827 Pacific Highway So. Federal Way, WA 98003 Bond #: Wß//2,s- (CII-., It q~--/OO2.) Permit #: 91-1149, 91-1149CA, & 91-1150CA Bond Amount: $29,027.00 Cash Deposit Amount: $ 3,147.00 CITY OF FEDERAL WAY AGREEMENT AND MAINTENANCE BOND THIS AGREEMENT ("Agreement") is dated effective this 11th day of January, 1995. The parties ("Parties") to this Agreement are the City of Federal Way, a Washington municipal corporation ("City") and Kim's Corporation, a Washington corporation ("Applicant"). A. The Applicant has performed certain work and/or completed certain improvements, including certain street improvements and on-site underground storm water/utilities and construction of landscape improvements at the above referenced address located in Federal Way, Washington in connection with Applicant's Land Use Application under the above-referenced permit numbers ("Permit"); B. The improvements have been constructed or the work performed in accordance with record drawings and approved plans on file with the City ("Plans"); C. Pursuant to Sections 146 through 159 of the Federal Way City Code ("FWCC") as now existing or hereafter adopted or amended, the Applicant must post security with the City, to guarantee Applicant's maintenance and/or repair of the improvements in accordance with the Plans as a condition of granting the Permits. NOW, THEREFORE, the Parties agree as follows: 1 . Maintenance Oblioation. Applicant shall maintain the improvements in good operating appearance, condition and repair and perform all maintenance pursuant to the Plans, to the City's satisfaction. The obligation to .maintain the improvements shall continue for a period of two (2) years after issuance of the certificate of occupancy or final inspection, or such longer period as required by applicable state or federal law, rule or regulation. 2. Maintenance Bond. Applicant shall deliver the fully executed Maintenance Bond to the City in the form attached hereto as Exhibit "A" and incorporated by this reference ("Band"), to guarantee Applicant's maintenance of the improvements pursuant to the Plans. 3. Release of Bond. The Bond shall remain in full force and effect for two (2) years after final inspection and approval, as a maintenance bond to guarantee against defective materials and workmanship in the construction of the improvements and to insure continued maintenance of the improvements. Two (2) years after final inspection and approval of the improvements and performance of the maintenance, the City will release the Bond by executing and delivering to Principal the Full Release of Bond attached hereto as Exhibit "B". 4. Rioht to Comclete Work. In the event the Applicant fails to perform the maintenance, the City may, but in no event is it obligated to, request the disbursement of the Bond from the surety and perform any of the necessary work in connection with the maintenance and/or repair of the ORIGINAL improvements. Upon demand, Applicant agrees to pay the City an amount equal to all of the City's costs and expenses in performing such work in excess of the amount of the Bond. 5. Indemnification. Applicant agrees to indemnify and hold the City, its elected officials, officers, employees, agents, end volunteers harmless from any and all claims, demands, losses, actions and liabilities (including costs and attorney fees) arising from, resulting, or connected with this Agreement and the Bond, including without limitation, the City's performance of any maintenance and/or repair of the improvements pursuant to Section 4 herein. 6. Administrative Cash Deoosit. Applicant has made a cash deposit of Three Thousand One Hundred Forty-seven and no/100 Dollars ($3,147.00) to the City pursuant to Assignment of Funds executed between Parties dated December 3, 1993 and pursuant to Section 22- 151 of the FWCC, which sum satisfies the amount required to be deposited according to the following percentages of the amount of the Bond: Amount of Bond Amount of Cash Deoosit Up to $20,000 $20,001 - $50,000 $50,001. $100,000 $100,001 and up 5% of Bond (minimum $ 1 00) 4% of Bond 3% of Bond 2-1/2% of Bond The cash deposit may be used by the City to cover its actual expenses in administering this Agreement and, if necessary, collecting and using the proceeds from the Bond. 7. Remedies Cumulative. No remedy provided for by this Agreement shall be deemed exclusive, but shall be deemed cumulative and in addition to every other remedy available to the City at law, in equity or by statute. Applicant's liability under this Agreement is not limited to the amount of the Bond. 8. ~. Applicant shall record a license in the form attached hereto as Exhibit "C" and incorporated herein by this reference with the King County Department of Records, immediately upon the execution of this Agreement and at Applicant's cost. 9. General Provisions. This Agreement may not be amended except by written agreement signed by the Parties. Any provision of this Agreement which is declared invalid, shall not invalidate the remaining provisions of this, Agreement. The failure or delay of the City to declare any breach or default shall not waive such breach or default. This Agreement may not be assigned by any Party without the written consent of the other Party. This Agreement shall be binding upon and insure to the benefit of the Parties' successors in interest. Time is of the essence. . KIM'S CORPORATION By: c{¿ ~þ~ In Sil Kim Its President 159 South 293rd Street Federal Way, WA 98003 -2- c:äT~~~,<~ ~ity Clerk, Maureen M. Swaney, C APPROVED AS TO FORM: ~(")~ dell, City Attorney CITY OF FEDERAL WAY By: -3- ~LA CITY 01' FEDERAL WAY MAINTENANCE BOND Bond IIWB1l25 Premium $ 581. 00 KNOW ALL PEOPLE BY THESE PRESENTS: We, the undersigned Kim's Corporetion, a Washington corporation, ("Principal") and Contractors Bonding and Insurance Company. the undersigned corporation organized and existing under the laws of the State of ~end legally doing business In the State of Washington as a surety ("Surety"" are held and firmly bound unto the City of Federal Way. a Washington municipal corporation ("City") in the penal sum of Twenty-Nine Thousand Twenty-Seven and no/tOO Dollars ($29.027,OOlfor the payment of which they firmly bind themselves end their legal representatives. SUCCessors and assigns. jointly and saverally. This obligation Is entered Into in pllrsuant to the statutes of the State of Washington and the ordinances. regulations. standards and policIes of the City, es now existing or hereefter amended or edopted. The Principal has entered into an Agreement with the City of even date to perform maintenance on completed street improvements and on-site underground storm water/ utilities and on landscaping work located at 34827 Pacific Highway South, Federal Way, Washington 98003. NOW, THEREFORE, if the Principal shall perform all the provisions of the Agreement in the manner IInd within the time periOd prescribed by the City. or within such extensions of time as may be granted under tha Agreement, and shall pay ell Ie borers, n1achanics, subcontractors and n1sterial men or women, and all perSOns who shall supply the Principal or subcontractors with provisions and supplies for the carrying on of said work, and shall hold the City, their officials. agents, employees end volunteers harmless from any loss or damage occasionad to any person or property by reason of any caralessness or negligence on the part of the Principal. or any subcontractor in the performance of said work, and shall indemnify ,md hold the City harmless from any damage or expense by reason of failure of performance as specified in the Agreement, or from defects appearing or dave/oping in the material or workm¡mshlp provided or performed under the Agreement within a period of two (2) years after Its fine I acceptence theraof by tha City. then end In the avant this Obligation shall be void; but otherwise. it shell be end remain In full force and effect. And the Surety, for value received, hereby further stipuletes end agree8 that no change. extension of time, Blteretlon or edditlon to the terms of the Agreement or to the work to be performed thereunder or the specifications accompanying the same shall in any way affect its obligation on this bond. and it does hereby waive notice of any change, extension of time. alterations or øddltions to the terms of the Agreament or to the Work. The Surety hereby agrees that modifications end changes may ba made in the terms and provisions of the Agreement without notica to Suraty. and any such modifications or changes increasing the total amount to be paid the Principal shell automatically Increase the obligation of the Surety on this Maintenance Bond In e IIka amount. such Increase, however, not to exceed twanty-live percent (25%) of the original amount of this bond without the consent of tho Surety- Within forty-five (451 days of receiving notice that the Principal has defaultad on all or part of the terms of the Agreement, the Surety sholl make a written commitment to the City that it will alther: (a) cure the default itself within a reasonable time period, or (bl tender to the City, the amount necessary for the City to remedy the default, Including legal fees incurred by the City, or (cl in the event thet Surety's evllluation of the dispute is not complete or In the event the Surety disputes the City's claim of default, the Surety sha/l notify the City of its finding and Its intent, If any, to interplead. The Surety shall then fulfill its obliglltions under this bond, according to the option it has elected. Should Surety elect option (III to cure the default, the penal Sum of the Bond shall be reduced In an amount equal to the costs actually incurred by the Surety in curing the default. If the Surety elects option (bl, then upon completion of the necessary work, the City shall notify the Surety of its octua' costs. Tho City shall return, without interest. any overpayment made by the Surety and the Surety shall pay to the City any actual costs which exceed the City estimate, limited to the bond amount. Should the Surety elect option leI, the Parties shall first complete pertlcipation in mediation, described in the below paragraph, prior to any interplead action. In the event a dispute should arise between the Parties to this Bond with respect to the City's declaration of default by the Principal, the Parties agreo to participate in at least four hours Of mediation in accordanca with the mediation procedures of United States Arbitration and Mediation ("USA&M"I. The Parties shall proportionately shere in the cost of the mediation. The medi8tion shall be edmlnlstered by the Seattle USA&M office, 4300 Two Union Square, 601 U'1ion Street. Seattle, Washington 98101-2327. The Surety shall not interplead prior to completion of the med/etion, DATED this 20th day of January __,19~. CORPORATE SEAL OF PRINCIPAL: KIM'S CORPORATION By: c~ ~ j¿m In SilKim President Its: 159 South 293rd Street federal Way, WA 98003 (2061 839-9151 -2- CORPORATE SEAL OF SURETY; Contractors Bonding and Insurance Company By ~""~J<L (Attach Power of Attorney) Tom Dyment (Name of Person Executing Bond) 1827 NE 44th Ave. #100 Port1¡md Oregon 97213 (Address) 503-287-6000 (Phone) APPROVED AS TO FORM; --~ ¿;;;~..~/ DE ,~ITY A i;:;RNEY ~EBllE!!;Ar Uli- Qroßf QBAI ~ I hereby certify that I am the (Assistant) Secretary of the Corporation named as Principal in the within bond; that ~I 1I,t,"A . who signed the said bond on behalC of the Principal, was -t!u rA:1u,{ ..Lt.....c.k-_--': of the said Corporation; that I know his or her signatura thereto is genuine, and that said bond was duly signed, soaled, and attested for end in behalf of said Corporation by authority of its governing body. ¡~~',U,; , ' 5 retary or Assistant Secretary K,U"'DWIH«'K..'..AMO 11111.. -3- ,CHIC CONTRACTORS BONDING AND INSURANCE COMPANY Limited Power of Attorney Home Office: 1213 Valley Street P.O. Box 9271 Seattle, WA 981 09-0271 (206) 622-7053 KNOW ALL MEN BY THESE PRESENTS that CONTRACTORS BONDING AND INSURANCE COMPANY, acorpo<ation duly organized and existing underthe laws otthe State olWashington and ha~ng its principal office in Seattle, King County, Washington, does by these presents make, constitute and appoint TOM DYMENT, olVancouver, Washington its true and lawfui attornay. in-Iact, with tull power and authority hereby conferred in its name, place and staad, to execute, acknowledge and detiver: (1) SBA guaranteed perlormance and payment bonds not exceeding the penel sum 01 $500,000; (2) bid bonds for jobs where, it the contract is awarded, the SBA guaranteed perlonnence and/or payment bond(s) will not excoed $500,000; (3) all other bonds coded end ~assified by the Surety Association 01 America in its Rate Manuel 01 Fidelity, Forgery and Suraty Bonds (including luture amend-ments thereto) asJudicial, Cootract (excluding b~ bonds), Miscellaneous, Ucense and Pennit, and Federal not exceeding the penal sum 01 $250,000; (4) bid bonds lor jobs written pursuant to the authority in clause (3) above where, if the contrect is awerded, the perlonnance and/or payment bond(s) will nolexceed $250,000; and (5) all other bonds not exceeding the penal sum 01 $50,000, Provided, however, that TOM DYMENT ~granted power and authority to exceed the applicable penal limit previously setlorth lorany bond in an amount equal to the amount 01 any letterol credit, or similarse<:urity, received as collateral security by tha Company as an inducement to issue tha bond; and to bind tha Company thereby as lully and to the same extent as if such bonds were signed by the President, sealed with the corporate seal of the Company and duly attested by as Secretary; hereby ratifying and confinning all that the said attorney-in-fact may do in Ihe premises. Said appointment Is made undar and by authority 01 the lollowing resolutions adopted by the Board of Oirectors 01 the CONTRACTORS BONDING AND INSURANCE COMPANY on May 17, 1994: RESOLVED that Ihe Presidant is authorized to appoint as attomey-in-Iact of the Company TOM DYMENT with power and authority to sign on behall 01 the Company: (1) SBA guaranteed pertormance and payment bonds not exceeding the penal sum of $500,000; (2) b~ bonds lorjobs where, if the contract is awarded, the SBA guaranteed perlonnance and/or payment bond(s) will not axcoed $500,000; (3) all other bonds coded and ~assWied by the Surety Association of America in its Rate Manual of Fidetity, Forgery and Surety Bonds (including Mure amendments thereto) as Judicial, Contract (excluding bid bonds), Miscellaneous, Ucense and Pennit, and Federal not axceeding the penal sum 01 $250,000; (4) bid bonds for jobs written pursuant to the authority in clause (3) above where, it the contract is awarded, the perlonnance and/or payment bond(s) will not exceed $250,000; and (5) all other bonds not exceeding the penal sum 01 $50,000. ' RESOLVED FURTHER that TOM DYMENT is granted power and authority to exceed the appiicable penaltimit set forth in the preceding resolution for any bond in an amount equal to the amount 01 any letter of credit, or similar security, received as collateral security by the Company as an inducement to issue the bond. RESOLVED FURTHER that the authority 01 the Secretary of the Company to certify the authenticity and effectiveness 01 the loregoing two resolutions in any Limited Power 01 Attomeyis hereby delegated to the following persons, the signature 01 anyolthe following to bind the CompanywittJ respecttothe authent~ity and effective-nessol the foregoing resolutions as II signed by the Secretary 01 the Company: Donald Sirldn, CharlesJ. Falskow, Steven A. Gaines, Jane Thorsen, Debi Lewis, Pat Dorney, Deanna Da~send Rikka Witham. RESOLVED FURTHER that the signatures (in~uding certification that the Power of Attorney is still in lorce and ettect) 01 the President, Notary Pubtic and person certifying authenticity and ettectiveness, and the corporate and Notary seals appearing on any Limited Power 01 Attorney containing this and the loregoing resolutions as well as the Umaed Power 01 Attorney Itsell and its transmission, may be by facsimile; and such Limaed P0W9r 01 Attomey shall be deemed sn original in all aspects. RESOLVED FURTHER that all resolutions adopted prior to today appointing the above named es attorney<n4act lor CONTRACTORS BONDING AND INSURANCE COMPANY are hereby superseded. IN WITNESS WHEREOF, CONTRACTORS BONDING AND INSURANCE COMPANY has caused these presents to be signed by its President and its corporate seel to be hereto affixed thisf7thdayolMay,f994. CONTRACTORS BONDING AND INSURANCE COMPANY .-,,- .,""" :~;~\~~.~~.~!;1'.rd'l" ;- .. "óI'POI/..;',~~, ""/;?:c; ,<"..\Z.', §~[ SEAL ¡~~ ~'#,\ /$J ',~". 1979 ..' ... "" """'4"""'"/""~~~/ 1\",SHlfoIÛ,/ '1""....- BY;~ Steven A. ;1'iesident STATE OF WASHINGTON-COUNTY OF KtNG On this 17th day 01 May, '994, personally appeared STEVEN A. GAINES, to me known to be the President 01 the corporetion that executed the loregoing Limited Power 01 Attorney end acknowledged said Limited Power 01 Attorney to be the tree and voluntary act and deed 01 sa~ corporetion, torthe uses and purposes therein mentioned, and on oath stated that he ~ authorized to execute the said Limited Power ot Attorney. tN WITNESS WHEREOF, I have hereunto set my hand and affixed my otticiai seal the day and year first above written. NOTARY PUBUC STATE OF WASHINGTON MOllY A, HUDSPETH My AppcintMenI E>cpiteo JAN 9" 1997 The undersigned, acting under authority of the Board 01 Directors of CONTRACTORS BONDING AND INSURANCE COMPANY, hereby certities, as or in lieu 01 Certificate 01 the Secretary of CONTRACTORS BONDING AND INSURANCE COMPANY, that the above and foregoing is a fuli, tnJ< and correct copy of the Ori' Power 01 Attorney issued by said Company, and doesherebylurthercartifyth esaidPo er ttorneYisstil:~:i~rceandeffect. ,;{ð'Â day 01 ,19 C¡J PoaTO{)I.09-US051794 EXHIBIT B FULL RELEASE OF BOND # WßI/;).S"" TERMINATION OF LICENSE The undersigned hereby acknowledges that the two (2) year maintenance period has expired, that the work or improvements covered by the Agreement and Maintenance Bond for Holiday Inn Express, Permit No. 91-1149,91-1149CAand 91-1150CA have been completed to the City's satisfaction and that the City is not aware of any defect in workmanship or materials. Accordingly, the undersigned hereby releases the sum of Twenty-Nine Thousand Twenty-seven and no/100 Dollars ($29,027.00). The undersigned further releases all right, title and interest granted to the undersigned by reason of a certain License Agreement recorded under King County Recording No. ("License Agreement") and acknowledges that all obligations and rights contained in the License Agreement are hereby terminated. DATED this - day of ,19_, CITY OF FEDERAL WAY By: (Name, Title) EXHIBIT C FILED FOR RECORD AT REQUEST OF: KIM'S CORPORATION THIS SPACE RESERVED FOR: RECORDERS USE: MAIL TO: CITY OF FEDERAL WAY 33530 1ST WAY SOUTH FEDERAL WAY, WA 98003 ATTN: RON GARROW LICENSE The undersigned owner of certain real property located in Federal Way, Washington and legally described as follows: Legal description attached hereto as Exhibit .,. and incorporated herein by this reference. ("Property") hereby grants an irrevocable license to the City of Federal Way ("City") and the City's agents, employees, contractors or representatives to enter upon the Property to inspect the construction of improvements, the performance of work or to allow the City to perform any necessary maintenance or work, all pursuant to that certain Agreement and Maintenance Bond of even date entered into between the City and the undersigned and incDrporated herein by this reference, DATED this_day of ,19_, KIM'S CORPORATION By: ~ r7¿ /tZ~ In Sil Kim "",,"111""""'1' Its: PresIdent ~~~~~"~v [Corporete Notary] ;~iIJII*ï¡¡,~ IT 'llSfAllr "': STATE OF WASHINGTON ¡ ::";'~ j s, \, r..l..... .. COUNTY OF KING ) ~4it~~~ On this day personally appeared befor OF I~~O to me known to be the President of Kim's Corporation, the me known to be the individual(s) described in and who corporation that executed the foregoing License, and executed the foregoing License, end on oath swore that acknowledged the said instrument to be the free and he/she/they executed the foregoing instrument as voluntary act and deed of said corporation, for the uses his/her/their free and voluntary act and deed for the uses and purpDses therein mentiDned, and Dn oath stated that and purposes therein mentiDned. he/she was authorized to execute said instrument and that the seal affixed, if any, is the corporate seal of said cDrpDration, [Individual Notary] " STATE OF WASHINGTON ) ) ss. ) COUNTY OF KING On this day personally appeared before me, of GIVEN my hand and official seai this - day ,19_, (typed/printed name of notary) Notary Public in and for the State of Washington, My commission expires GIVEN my hand and offici~ seal this ~ day ~L'1.9~ , YhA2 iL- (notary signature) V. Df'llJV"'~ t'h;/Je\ (typed/printed name of notary) Notary Public in and for the State of Washington. My CDmmissiDn expires ::3 - ~ - '1 fr (notary signature) t EXHIBIT "1 " LEGAL DESCRIPTION Commencing at a brass cap Municipality Df Cosmoplitan Seattle monument marking the Southwest quarter of the Northeast quarter of the Southwest quarter of the Southeast quarter of Section 20, Township 21 North, Range 4 East, W.M., in King County, Washington; thence running North 01'20'41. East, 326.80 feet; thence South 86.07'32" East, 453.47 feet to the True Point of Beginning; thence continuing South 86'07'32" East, 250.00 feet to a point on the Westerly margin of Pacific Higbway South; thence North 22.49'11" East along said Westerly margin 153.77 feet; thence NDrth 86'07'32" West, 250.00 feet; thence South 22.49'11" West, 153.77 feet to the True Point of Beginning. Situate in the County of King, State of Washington.