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HomeMy WebLinkAboutSatisfaction SDC Deferral Agreement - 2242 Scenic Ave 2017-014130_ City of Central Point, Oregon 140 S 3rd Scram Central Point OR 97502 541.664.3321 Fax 541.664.6384 www.cernm1pointomZiNi aov September 24, 2018 Jackson County Oftial Records 2018_029681 RAG SCn=78 MORGANSS 0914412018 03:11:54 PM St S5.00510.00$500$8 00$11.00 Se0.00 $103.00 $4,00 I, cnnsann wnwr. counbcerk na Jackwo Count', onpw, worry area ib Instrument IbntlME armin os rKwdial In N, Clark w"ps' Christina walker -County Clerk SATISFACTION OF WATER DEFERRAL AND INSTALLMENT AGREEMENT For Erin Smith, 2242 Scenic Ave Central Point OR 97502 Be it known by all present that the undersigned does hereby certify and declare that certain obligations filed against the property listed below and attached to this release and showing the filing number of said records in the office of the County Clerk of Jackson County, State of Oregon. Satisfaction of original Deferral and Installment Agreement between the City of Central Point and Erin Smith entered into on April 17, 2017. City of Central Point, September 2018 2242 Scenic Ave, Central Point OR 97502 Recording Number: 2017-014130 Recording Date: 017 SteveAeber D e City of Central Point Finance Director STATE OF OREGON ) )ss. County of Jackson ) On the .may of September, 2018, personally appeared befo a the above named, Steven Weber, and acknowledged the foregoing instrument to be the v on act an deed of the City of Central Point. OFFICIAL LH SSTTAMP Notary Public for Or n OEANrFICASEY NOTARY PUBLIC -OREGON My Commission Expires: S-tvQWb COMMISSION NO. 950044 W COMMISSION EWRES MAf f0, 2020 After recording return to: City of Central Point 140 S. 3" Street Central Point OR 97502 Jackson County Official Records 2017-014130 Ra Stn=0 SHINGLJS 04127/2017 03:00:44 PM $11.00 $20.00 $8.00 $10.00 $20.00 $5.00 $78.00 $4.00 I, CHH. Walker, County Clerk ler Jackson County, Oregon, vertRy that Cm Instrument Idenefled Wain was recorded In the Clark ta```ds. Christine Walker - County Clerk CITY OF CENTRAL POINT SYSTEM DEVELOPMENT CHARGE — WATER DEFERRAL AND INSTALLMENT AGREEMENT This Agreement is between the City of Central Point ("City'), a municipal corporation, and property owner Erin Smith . herein referred to as ("Owner'l. RECITALS: I. Whereas Owner currently owns property in Jackson County located at: 2242 Scenic Ave follows: Map No. 362W34C Tax Lot 2300 Legal Description: Oregon more particularly described as Commencing at the southeast corner of Donation Land Claim No. 58 in Township 36 south, ganga 2 Nest, Willamette Meridian, Jackson County, Oregon; thence West along the Booth line of said D.L.C. 58, 176.15 feet for the point of beginning; thence continuing West 1362.31 feet; thence North 36.93 feet; thence East 1362.31 feet; thence south 36.93 feet to the paint of begimings Containing 1.15 Acres more or lose. 2. Whereas Owner's property abuts a City waterline and Owner desires to connect to City water. 3. Whereas, City is authorized to allow properties outside City limits to connect to City water per C.P.M.C. 13.04.090. 1 SDC Deferral & Installment Agreement - Sonnen 4. Whereas Owner desires to defer payment of the Central Point Water System Development Charge for a period of 36 -months, or until conveyance of the property (whichever occurs first) and to make monthly installment payments on said charge. 5. Whereas Owner consents to City placing a lien on the above referenced property on the City of Central Point Lien Docket, and/or to record such lien in the Official Records of Jackson County and to include the cost of such recording in this assessment, until such time that the System Development Charge is paid in full. Now, therefore, Owner and City Agree as follows: AGREEMENT: 1. The above recitals are incorporated into this Agreement by reference. 2. City agrees to defer collection of the Central Point Water System Development Charge ("Water SDC") in the total amount of $1.655.00, including City's costs and City's nonrefundable administration fee, for a period of 36 -months, subject to Owner's agreement to pay such deferred Water SDC in monthly installments as provided herein. 3. Owner agrees to pay the Water SDC in 36 monthly installments with interest at the rate of nine percent (9%) per annum in the amount of $50_35 per month. Owner understands and agrees this SDC deferral is for the stated time period with the first monthly installment due on June 1, 2017. 4. Payments are due on the 151 of each month, and are deemed delinquent if payment is not received within 10 -days of the date on which payment was due. All payments shall be applied first to accrued interest, and then to principal. 5. In the event that the property on which the Water SDC has been deferred is sold or conveyed, the charges deferred shall become immediately due and payable to the City. Sale or conveyance includes either actually selling, conveying or assigning any or all of the property or any or all of the Owner's interest in property. 6. This Agreement is entered into in accordance with the provisions of ORS 223.205 — 314, and City Ordinance and Code. In consideration for this Agreement, Owner hereby expressly waives all irregularities and defects, jurisdictional or otherwise, in the proceedings to assess this system development charge on the property described herein. Owner further understands and agrees that Owner has a right to contest the amount, and means of calculating the amount, as provided by the City; however, by signing this Agreement, Owner waives those rights. Owner further understands and agrees that failure to make monthly installments may result in immediate termination and shut-off of City water to the property without farther notice to Owner or to the occupants. In such event, restoration of Water service will be subject to payment of all Water SDCs, including interest, costs and any reconnection fees. 2 SDC Deferral & Installment Agreement - Sonnen 9. Owner agrees that the obligation to pay the deferred amounts due under the terms of this Agreement is personal to Owner and shall be a recordable lien on the property, which shall run with the land until the deferred charges are paid in full. Owner affirms that Owner has authority to consent to the imposition of such lien. 10. Any failure by Owner to pay any of the installments on the loan when due as provided in this Agreement or any breach of any provision of this Agreement shall result in a default of this Agreement. Upon default, the unpaid principal balance due, any accrued interest charges, and the assessment lien against the property shall become immediately due and payable. 11. Upon any default as described in Section 10 above, the City may foreclose on Owner's property in any manner provided by Central Point Municipal Code or state law to collect the outstanding balance of the lien on the property. 12. If it becomes necessary for the City to collect on this Agreement, the Owner agrees to pay all costs of such collection, regardless of whether a suit or action is filed. If an action is filed to collect the balance due on this Agreement or to foreclose the lien securing the loan, the losing party agrees to pay all costs plus whatever sum the court shall award to the prevailing party as reasonable attorney fees. In the event of any appeal, the losing party agrees to pay all costs plus reasonable attorney's fees of the prevailing party. 13. This Agreement shall be recorded in the Official Records of Jackson County, and which shall run with the land and be binding on Owner's heirs, personal representative, successors and assigns. 14. Owner certifies that Owner has read and understands all the terms of this Agreement. Dated this a5 day of I� 2017. / t, ^i VXL�o1 v4r/-11 O er J Owner SU(/)c (- 6-vt Owner's address to which invoices are to be sent. City of Central Point t eSte n We Finance Director Date Notary page follows 3 SDC Deferral & Installment Agreement - Sonnen STATE OF OREGON ) ) ss. County of Jackson ) On the r,541-- day of A, 2017, personally appeared before me the above named Erin Smith and acknowledged the foregoing instrum t to be a voluntary act. AaEilk D ANNA LL0ICIAL3H CASEY Notary Public for Oregon NOTARY PUBLIC COMMISSION NO. 960044.OREOON My Commission Expires: W COMMISSION E)FM MAY 10.1010 STATE OF OREGON ) ) ss. County of Jackson ) On the&54 day of WLI 2017, personally appeared Steven Weber as Finance Director for the City of Central Point. OFFICIAL STAMP DEAHM LEIGH CASEY NOTARY PUBLIC -OREGON COMMISSION NO. 960044 W COMMISSION E>OIRES MAY 10.1000 4 SDC Deferral & Installment Agreement - Sonnen Notary Public for Oregon V My Commission Expires: 'C -W -2d CITY OF CENTRAL POINT MEMORANDUM OF AGREEMENT WATER SYSTEM DEVELOPMENT CHARGE DEFERRAL AND INSTALLMENT Name of Owner Erin Smith Address 2242 Scenic Ave, Central Point OR 97502 Legal Description: Amount to be Financed Water SDC Administration Fee Recording Fee See Installment Agreement $1,552.00 25.00 78.00 TOTAL FINANCED: $1,655.00 Monthly Installment Amount: $50.35 PAYMENT PERIOD: 36 months, or upon conveyance of the property, whichever occurs first. FINANCE TERMS: The City agrees to defer collection of the Water System Development Charge. The loan shall accrue simple fixed interest at 9% per annum from Anril 25, 2017. Monthly installments are due on the 1'` of each successive month. In the event the property is conveyed, the deferred amount shall become immediately due and payable, including principal and interest. I hereby expressly waive all irregularities and defects, jurisdictional or otherwise, in the proceedings to calculate and assess this System Development Charge on the property described herein. Signed: Y lx4 V' V Date: Property OwneiJ Signed: Date: Property Owner City of entral P nt Date: Stn Weber Finance Director 5 SDC Deferral & Installment Agreement - Sonnen