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APPROVED BLD2023-0750 RECORDED EARLY LEARNING COVENANTRECEIVED BLD2023-0750 Oct 19 2023 CITY OF EDMONDS DEVELOPMENT SERVICES DEPARTMENT Return Recorded Instrument To: City of Edmonds — Clerk's Office 121 5'h Ave. N. Edmonds. WA 98020 202310180221 COVENANTS Rec: $208.60 10/18/2023 2:14 PM 6 PG SNOHOMISH COUNTY. WA Document title: Covenant Regarding Early Learning Facility Property Address: 21010 76" AV W, Edmonds, WA 98026 Assessor's Parcel Number: 006143000001604 Abbreviated Legal Willowdale Gardens Div 1 Blk 000 D-04-S50 FT OF N 176`h FT of Description: lot 16 Grantor: —Sky Properties 8, LLC Grantee: City of Edmonds Related Permit Number(s): BLD2023-0750, PLN2023-0038, BLD2023-1056. BLD2023-)163, BLD0050 COVENANT REGARDING EARLY LEARNING FACILITY Compliance with the provisions of this Covenant is a requirement of title. This Covenant Regarding Early Learning Facility ("Covenant") is entered into as of the _07— day of ' , 2023, by the undersigned owner(s) of real property legally described in Exhibit A hereto, Sky Properties 8, a Washington limited liability company (the "Owner"), in favor of the City of Edmonds, Washington, a municipal corporation (hereafter "the City") as required for the issuance to the Owner or Owner's tenant of a permit allowing the construction and/or use of the property described in Exhibit A hereto ("the Property"). RECITALS WHEREAS, the City, in consideration for this Covenant, has provided Owner or Owner's tenant an exemption from paying eighty (80) percent of the City's street impact fees, as allowed in ECC 3.36.040.13, which amounted to $ 4979.62 at the time of project permitting; and WHEREAS, the City, as additional consideration for this Covenant, has provided Owner or Owner's tenant an exemption from paying eighty (80) percent of the City's park impact fees, as allowed in ECC 3.36.040.D, which amounted to $ N/A at the time of project permitting; and WHEREAS, Owner has benefited from these incentives; and WHEREAS, Owner operates, or has allowed a tenant to operate, an early learning facility on the Property; and WHEREAS, at the time this Covenant was recorded, the early learning facility on the Property qualified for the above -referenced impact fee exemptions; and WHEREAS, the intent of this Covenant is ensure compliance with ECC 3.36.040.D, which at the time of recording, read as follows: Early learning facilities shall be exempt from paying 80 percent of street and park impact fees; provided, that the early learning facility satisfies the conditions of this subsection. Such exemption shall be conditioned upon the developer recording a covenant that requires that at least 25 percent of the children and families using the early learning facility qualify for state subsidized child care, including early childhood education and assistance under Chapter 43.216 RCW, and that provides that if the property is converted to a use other than for an early learning facility, the property owner must pay the applicable impact fees in effect at the time of conversion, and that also provides that if at any point during a calendar year the early learning facility does not achieve the required percentage of children and families qualified for state subsidized child care using the early learning facility, the property owner must pay the remaining impact fee that would have been imposed on the development had there not been an exemption. The covenant shall also require the owner to submit an annual report to the city along with supporting documentation that shows that the early learning facility is in compliance with the covenant. The covenant shall be an obligation that runs with the land upon which the early learning facility is located. The covenant shall be in a form acceptable to the city attorney and shall be recorded upon the developer's payment of the remaining 20 percent of the impact fees. ; and NOW THEREFORE, the undersigned DECLARANT, being the Owner of the Property, hereby covenants and agrees, on behalf of himself/herself/themselves/itself and his/her/their/its successors and assigns, as follows: DEFINITIONS The following terms shall have the meanings defined herein: A. "Early learning facility" means a facility providing regularly scheduled care for a group of children one month of age through twelve years of age for periods of less than twenty-four hours. COVENANTS 1. State Subsidized Child Care Requirement. At least twenty-five percent (25%) of the children and families using the early learning facility on the Property must qualify for state subsidized child care, including early childhood education and assistance under chapter 43,216 RCW. 2. Annual Report. Owner shall submit an annual report to the City along with supporting documentation that shows that the early learning facility is in compliance with Section 1. 3. Audit. The City shall have the right to audit the records of the early learning facility on the Property to determine compliance with Section 1. 4. Remedy for Breach of Section 1. If the early learning facility fails to comply with Section 1 for an entire calendar year, Owner must pay twenty percent (20%) of the impact fees set forth in the recitals within ninety (90) days of the City notifying the Owner of the breach. Any amounts not paid as described in this Section shall become a lien upon the Property with the unpaid balance bearing interest at the maximum rate of interest permitted at that time under RCW 19.52.020. 5. Conversion To Another Use. If the Property, or the portion of it that was designated as an early learning facility at the time of this Covenant, is converted to a use other than an early learning facility, Owner must pay the impact fees applicable to the new use, applying the impact fee amounts in effect at the time of conversion, less an amount equal to twenty percent (20%) of the use as an early learning facility. 6. Notice of Change of Use. Owner shall inform the City in writing thirty (30) business days prior to any conversion or change of use, regardless of whether the conversion or change of use would otherwise require a permit from the City. Written notice via U.S. mail to: City Engineer City of Edmonds 121-5th Ave. N Edmonds, WA 98026 7, Enforcement Actions. This Covenant may be specifically enforced against the Owner or any successor in interest of the Owner. Venue for such action shall be proper in Snohomish County, Washington, and service may be made or notice may be given by posting such service or notice on the Property. Enforcement actions may include, without limitation, collection of impact fees owed, foreclosure of the lien included herein, or other available remedies. 8. Running Covenant. This Covenant shall be perpetual, shall run with the land and in favor of the City of Edmonds, and shall be recorded by the Owner in the real property records of Snohomish County. 9. Extinguishment. Upon the City's receipt of all impact fees owed pursuant to Section 5, above, the City shall record a document that extinguishes this Covenant. 10. Severability. If any provision of this Covenant shall be held by a court of proper jurisdiction to be invalid, illegal or unenforceable, the remaining provisions shall survive and their validity, Legality or unenforceability shall not in any way be affected or impaired thereby. OWNER: N Pe [Sky roperties LC] staft o tl BY: [Hoi W i uen] LICIENSIE 0 2 ITS: f Propert Manager] MY COMMMW JUIN 29, State of`�+►,n o ) ) ss County of __SI%"AX ,'V-j6 ) Notary Public in and for the State of Washington, hereby certify that on this 11+" day of ()c'ota�_ - , 2g7-1 , personally appeared before me, Not, w o-, to me known to be the individual(s) described in and who executed the within instrument �r L and acknowledged to me that he/she/they signed UokA+ Re Ty �'�'''rn j F4t' 1 Y document as a free and voluntary act and deed, for the uses and purposes therein mentioned. Given under my hand and official seal this Lj!� day of CiL-to L.- , 2g 23 (Seal or Stamp) (Signature) lb"c hington �fFwARY (Print name) 10249M N EXPIRES 2025 Title P') f' !t, Residing at _ 1-7-ar-r-t f# u A , My appointment expires:` 2 EXHIBIT A LE A eAL DESCRIPTION [inseri fill legal description from title report here] WILLOWDALE GARDENS DIV 1 BLK 000 D-04 — S 50 FT OF N 176 FT OF LOT 16