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20150212 Warranty Agreement 02152017return Address 'ity of Yelm 'ami Merriman 05 Yelm Avenue West 'elm, WA 98597 Document title(s) (or transactions contained therein): 1. Warranty Agreement Reference Number(s) of Documents assigned or released: (on page of documents(s)) Grantor(s) (Last name, first name, middle initial) 1. Tyler Terrace 2. Mountain Terrace Builders, LLC 3. Kempinski, Michael, Member Grantee(s) (Last name, first name, middle initial) 1. City of Yelm 2. Legal Description ( abbreviated: i.e. lot, block, plat or section, township, range) Portion of SW t/4 of the NW 1/4 Section 19, Township 17N, Range 2 E Assessors Property Tax Parcel/Account Number: 22719230400 4549545 pages: 3 02/15/2017 09 37 AM Agreement Thurston County Washington MOUNTAIN TERRACE BUILDERS, LLC mill V0 IXR 019600111AMLIVII IMR111I II WARRANTY AGREEMENT KNOW ALL MEN BY THESE PRESENTS: THAT WHEREAS Mountain Terrace Builders, LLC (hereinafter referred to as the "Owner "), has applied to the City of Yelm, a political subdivision of Thurston County of the State of Washington, (hereinafter referred to as the "City ") for the approval by the City of a certain plat of a subdivision to be known as TYLER TERRACE, a copy of which plat is attached hereto and made a part hereof as "Exhibit A ", on which said plat are shown areas offered by the Owner to be dedicated to public use as streets, alleys and other rights of way, and other public facilities and improvements; and WHEREAS, it is necessary in the interest of public welfare that the areas so offered to be dedicated are to be constructed in accordance with the specifications hereinafter set forth; and WHERE, in accordance with the items of RCW 58.17 and Title 16 of the Yelm Municipal Code, the City has adopted subdivision regulations which require that all improvements be constructed in a manner consistent with the City's development regulations; Now therefore, TO INDUCE THE city to approve said plat and to accept the dedication of said areas as public streets, easements and other improvements, the Owner does hereby unconditionally promise and agree to and with the City as follows: The Owner unconditionally warrants to the City, its successors and assigns that, for a period of 12 (twelve) months from the date of final plat approval, the improvements required to be constructed and dedicated to the public under the terms of the plat will be free from defects and that the work will conform with the requirements and specifications of the Development Guidelines of the City. Upon any breach of warranty, the Owner agrees to promptly repair or replace any defective work at no cost to the City, and to provide all labor, equipment and materials necessary therefore, at no cost to the City. 2. In the event the Owner shall fail or neglect to fulfill his obligations under this agreement, the City shall have the right to construct or cause to be constructed, repaired, or replaced pursuant to public advertisement and receipt and acceptance of bids, said street, utilities and other improvements, as shown on said plat, and the Owner shall be liable to pay and indemnify the City, upon completion of such construction, the ----------------------------------------------------------------------------------------- final total cost to the City, including but not limited to engineering, legal and contingent costs, together with any damages, either direct or consequential, which the City may sustain on account of the failure of the Owner to carry out and execute all provisions of this agreement. 3. The obligations imposed or implied by this agreement shall not be assigned, transferred or assumed by any person or entity that is not a part of this agreement without prior written consent of the City. MOUNTAIN TERRACE BUILDERS, LLC, A Washington Limited Liability Company By: ___2 Michael Kempinski, Member STATE OF WASHINGTON} }s.s. COUNTY OF Pierce } I certify that I know or have satisfactory evidence that Mceho,P 1 he n s�� is the person who appeared before me, and said person acknowledged that Gtl _ signed this instrument, on oath stated that l_ was authorized to xecute the foregoing instrument and acknowledged it as ana�a evn r _ I�,t Q-1 {�� of t_ eun ain �lp_fr�ace %Aalers. LAC to be the free and voluntary act of such party for the uses and purposes mentioned in the instrument. Given under m hand and official seal this day of a ,ev►ti 7 , 20� Notary PLoc in and for the State of Washington, Printed name: DEBBERA L HIRTLER residing at: c My commission expires: 0q.1q • 1q fill I /10 1110, WA ` \rJ��\``