HomeMy WebLinkAbout9201270085 KITSAP COUNT'{
$6, OD CHC!~
FILED-BY: BREMERTON CITY OF
JNi 27~ 1~2, ~,O:b-'7 N'I
Filed for Record at Request of: ,.~,, r; w~l..a.t~.IT0R
:LERK: MILLER
When Recorded Return to: ~EEL I[]1~:)~:) F~ ~ )~
Name B~eme~tom cSt~ 01e~
~dd~e~ 239 ~o~th Street
B~eme~tom, ~ashinqton 98310
STATUTORY WARRANTY DEED
(For Use in the State of Washington Only)
THE GRANTOR, POPE RESOURCES, a Delaware limited partnership,
for and in consideration of One Million Seven Hundred Four Thousand
One Hundred Fifty-eight Dollars ($1,704,158.00), conveys and
warrants to the CITY OF BREMERTON, a municipal corporation, the
following described real estate, situated in the County of Kitsap,
State of Washington:
Traot ~1
The East 1/2 of the NW 1/4; the West 1/2 of the NE 1/4;
the West 1/2 of the SE 1/4 of Section 24, Township 24
North, Range i West, W.M.
Traot ~2
The West 1/2 of the NE 1/4; the SE 1/4 of the NE 1/4 of
Section 25, Township 24 North, Range 1 West, W.M.
: ~ RESOURCES
~T~THTORY W3~:~R~NTY DEED -1-
~STATE OF WASHINGTON )
: ss.
COUNTY OF KITSAP )
On this day, before me, the undersigned, a Notary Public in
and for the State of Washington, duly commissioned and sworn,
personally appeared ~,~ /~ ~/a/z~.~. and
respectively, of POPE RA~SOURCES,~ a Delaware limited partnership,
the limited partnership that executed the foregoing instrument, and
acknowledged the said instrument to be the free and voluntary act
and deed of said limited partnership, for the uses and pur~ses
therein mentioned, and on oath stated that ;~ he W ~are
authorized to execute the said instrument.
WITNESS my hand and official seal hereto affixed this /~
day of ~ ~/~ ~ , 1991
_
~ ~ ~'~t~y~Ubllc in and fo~he,' State of
~ { ~sh~ng~on, residing at ~-~ .
% ,,% ~ '~ntment expires: ~F ~~.
A.F. ~: 9~t2700~5
REEL
STATUTORY WARRANTY DEED -2-
Filed for Record at Request of: -- ~ ~ % %~ ~ ~
~.00 ' ~ N C~
'ILED-BY: BREMERT~ CITY OF ~
When Recorded Return to: -~
!AN 27, t992, lOLE~.,J~,/~ r~T~ l~ll
WREN FLYNN~~ ~'
Name Bremerton City Clerk :LERK: MILLE~'-
Address 239 Fourth Street ~. F. #: ~2D127DE ,6
~emerto~~ to 983 0~ ' REEL 0626 FR 2( )6
P~T~L RECONVEY~CE
~~ ~ U~ ~ ~e State of Washington_ Only)
~~d~si~ t~st~ under that certaln Deed of Trust dated
December 3, 1985, in which POPE & TALBOT, INC., a Delaware
corporation, POPE RESO~CES, INC., a Delaware corporation, (and/or
POPE & TALBOT DEVELOPMENT, INC., and HOOD CANAL TIMBER, INC., a
Washington corporation), is Grantor, and THE T~VELERS INSU~NCE
COMPANY, a Connecticut corporation, is Beneficiary, recorded on
December 6, 1985, as Auditor's File No. 8512060189, records of
Kitsap County, Washington, having received under said Deed of Trust
a written request to .reconvey a portion of the real property
described in said deed, which request was approved by said Grantor,
does hereby reconvey, without warranty, to the person(s) entitled
thereto the right, title and interest now held by said Trustee in
and to that portion of the real property described in said Deed of
Trust, situated in Kitsap County, Washington, as follows:
Traot ~1
The East 1/2 of the NW 1/4; the West 1/2 of the NE 1/4;
the West 1/2 of the SE 1/4 of Section 24, Township 24
North, Range 1 West, W.M.
P~TIAL RECONVEYANCE -1-
Tr&ot #2
The West 1/2 of the NE 1/4; the SE 1/4 of the NE 1/4 of
Section 25, Township 24 North, Range 1 West, W.M.
DATED this ~ day of [~C~-- , 1991.
RSON TITLE.COMPANY, INC.
~ '~st. Vice President
BY:
TRUSTEE
STATE OF WASHINGTON ) EEL 0626 FR 2637
: ss.
COUNTY OF l~T~4~( )
Jefferson
On this day, before me, the undersigned, a Notary Public in
and for the State of Washington, duly commissioned and sworn,
personally appeared Rochelle Lewis &~
the Asst. Vice President mm~ '
F~~!~, of Jefferson Title Company, Inc., the corporation
that executed the foregoing instrument, and acknowledged the said
instrument to be the free and voluntary act and deed of said
corporation, for the ~ses and purposes therein mentioned, and on
oath stated that ~he__ is/arm authorized to execute the said
instrument.
WITNESS my hand and official seal hereto affixed this 30th
day of December , 1991.
Notary Pub~ in and f~ the State of
. ,-~ '~ ,~ Washington,~residing at Port Townsend
,' ~,',~., .., .'. ~ My appointment expires: 7~-o%q- ~
PARTIAL RECONVEYANCE -2-
REAL ESTATE PURCHASE AGREEMENT
THIS AGREEMENT is by and between POPE RESOURCES, a Delaware Limited
Partnership, (hereinafter referred to as "Pope"), and the CITY OF BREMERTON, a
municipal corporation of the State of Washington (hereinafter referred to as "Bremerton").
1. ' i n : Bremerton agrees to purchase and Pope agrees to sell and
convey, upon the terms and conditions contained herein, that real property located in Kitsap
County, State of Washington, consisting of approximately 360 acres, legally described as:
Tract #1
The East 1/2 of the NW 1/4; the West 1/2 of the NE 1/4; the West 1/2 of
the SE 1/4 of Section 24, Township 24 North, Range 1 West, W.M.
Tract//2
The West 1/2 of the NE 1/4; the SE 1/4 of the NE 1/4 of Section 25,
Township 24 North, Range 1 West, W.M.
(hereinafter referred to as "Pope Tracts").
2. Value of Parcel: Bremerton and Pope agree that the fair market value and
purchase price of the Pope Tracts is One Million Seven Hundred Four Thousand One
Hundred Fifty-eight Dollars ($1,704,158.00)to be paid in full upon closing.
3. Contin~,encv of Auuroval of Title Encmnbrsnces: The status of the Seller's title
will be shown in a preliminary commitment for an owner's standard coverage ALTA form
title insurance policy issued by Ticor Title Insurance Company, and delivered to the
Purchaser within fifteen (15)days of Bremerton's signature on this Real Estate Purchase
Agreement. Said preliminary commitment shall have attached hereto photocopies of all
documents shown as encumbrances to the title of the Seller. Purchaser must, within fifteen
(15) days of delivery of said preliminary commitment by the Seller, approve in writing the
title and encumbrances or defects thereof or give notice of unacceptable encumbrances. If
the Purchaser does not give said written approval or if, within ten (10) days of the Seller's
receipt of Purchaser's list of unacceptable encumbrances Seller does not agree in writing to
remove those encumbrances objected to by the Purchaser at or prior to closing, this Real
Estate Purchase Agreement shall, at the Purchaser's option, become null and void and all
rights of the parties hereunder shall terminate.
4. Rieht to Enter Premis~: Bremerton, or their authorized agent, shall have the
right, at reasonable times, to enter upon the tracts and make any and all inspections and to
conduct and carry out said inspection, tests or surveys at their sole expense and liability.
REAL ESTATE PURCHASE AGREEMENT -1-
5. Conveyance bv Statutory WarrantvDeed: At closing, fee title to the Pope Tracts
shall be conveyed to the Purchaser by statutory warranty deed, subject only to those defects
and encumbrances approved pursuant to Paragraph 3 above.
6. Possession: Subject to the limited right of entry pursuant to Paragraph 5 above,
the Purchaser shall be entitled to possession of the tracts it purchases upon the closing of
this transaction.
7. ~: This transaction shall be closed by the Bremerton City
Attorney's Office.
8. Closiw, Costs and ProratiQn~: Pope agrees to pay for the costs to clear the
Seller's rifle to the "Pope Tracts" including any delinquent property taxes and any real estate
excise tax related to the "Pope Tracts". Real estate taxes for the year of closing, assessments
and utilities constituting liens against the property shall be prorated as of closing.
9..C.191[~,__~1~: This transaction shall be closed on or before 5:00 p.m. on the
termination date of this Agreement, which date shall be 45 days after the date on which
Bremerton signed this Agreement in Paragraph 20.
10. ~: In the event that Pope or Bremerton shall engage an attorney
or shall institute a lawsuit to enforce any rights pursuant to 'this Agreement, the successful
party shall be entitled to, in addition to those costs and disbursements provided by statute,
a reasonable sum as attorneys fees, costs, and expenses incurred in any appeal thereof.
11. Notices: All notices sent to Pope or Bremerton pursuant to this Real Estate
Purchase Agreement shall be sent by certified mail, return receipt requested, to the
following addresses unless either party notifies the other in writing of a change in address:
For Pope Pope Resources
c/o Ron Byers
P. O. Box 1780
Poulsbo, Washington 98370
For Bremerton City Clerk
239 Fourth Street
Bremerton, Washington 98310
Copy To William Duffy
Utilities Director
3027 Olympus Drive
Bremerton, Washington 98310
12. ~: Time is of the essence of this Real Estate Purchase Agreement.
REAL ESTATE PURCHASE AGREEMENT -2-
13. Governin~Lawand Venue: This Agreement shall be governed by and interpreted
in accordance with Washington law. Any litigation arising out of or in connection with this
Agreement shall be conducted in Kitsap County, Washington.
14. Risk offs: The Seller shall deliver the premises and any personal property
thereon to the Purchaser at closing in the same condition existing as of the date hereof.
Risk of loss or damage to the Property and the personal property shall be borne by the
Seller until the date of closing. Thereafter, the Purchaser shall bear the risk of loss.
15. ~: Neither Pope nor Bremerton's rights under this Agreement may be
assigned without prior written consent of the other party. In the event of an assignment, this
Real Estate Purchase Agreement shall be binding upon and inure to the benefit of the
parties hereto and their respective successors, assigns, heirs, and legal representatives.
16. Hea~n~: The hearings of the paragraphs of this Agreement are inserted solely
for the convenience of the parties and are not a part of nor intended to govern, limit, or aid
in the construction of any term or provision hereof.
17. ~F,~llil~Aglgglll~: There are no verbal or other agreements which modify or
affect this Agreement and Pope and Bremerton agree that this Real Estate Purchase
Agreement constitutes the full and complete understanding between Pope and Bremerton.
18. Survival: Pope and Bremerton agree that all representations, warranties, and
agreements made herein shall not merge in, but shall survive, the closing of this transaction
and the delivery of any deeds hereunder.
19. Limitation on Bremerton's Time for Acceutance: Bremerton shall have only until
5:00p.m. on the 15th day following the date of Pope Resources' signature below to accept
this Agreement by delivering a signed copy thereof to Pope. If Bremerton does not so
deliver a signed copy within said period, this Agreement shall lapse and ail rights of the
parties hereunder shall terminate.
20. ~ Seller reserves the right to treat this sale as a tax deferred
exchange under Section 1031 of the Internal Revenue Code. Purchaser agrees to execute
all documents necessary to allow for such an exchange; provided, however, these documents
impose no liability on Purchaser. Seller shall be responsible for all costs incurred to effect
the tax deferred exchange as part of this transaction.
POPE RESOURCES
~)SELLER
REAL ESTATE PURCHASE AGREEMENT -3-
CITY OF BREME~TON
LOOIS ME-~N~OR, Mayor
PURCHASER
A'rrEsT:
KATHLEEN L. McCLUSKEY, Clerk
DEPARTMENTAL APPROVAL:
WILLIAM DUFFY, Directb~,6f Utilities
APPROVED AS TO FORM:
'~A~q R.~' ~S~~ty Attorney
REAL ESTATE PURCHASE AGREEMENT -4-
STA'
TICOR TITLE INSURANCE
48 0022 60 000205
Policy of Title Insurance
CT TO THE EXCLUSIONS FROM 2. Any defect in or lien or encumbrance on the
Title Association COVERAGE, THE EXCEPTIONS CON- title;
Owner's Policy TAINED IN SCHEDULE B AND THE PROVl-
(4-6-90) SIONS OF THE CONDITIONS AND STIPULA- 3. Unmarketability of the title.
TiONS, TICOR TITLE INSURANCE COM- 4. Lack of a right of access tO and from the
PANY OF CALIFORNIA, a California corpora- land.
tion, herein called the Company, insures, as of
Date of Policy shown in Schedule A, against The Company will also pay the costs,
loss or damage, not exceeding the amount of attorneys' fees and expenses incurred in
insurance stated in Schedule A, sustained or defense of the title, as insured, but only to the
incurred by the insured by reason of: extent provided in the Conditions and
Stipulations.
1. Title to the estate or interest described in This policy shall not be valid or binding until
Schedule A being vested other than as countersigned below by an authorized signa-
stated therein; × tory of the Company.
Issued by: TICOR TITLE INSURANCE COMPANY OF CALIFORNIA
PIONEER TITLE CO. OF KITSAP COUNTY
706 Pacific Avenue ~
Bremerton, WA 98310 By f~ President
(206) 377-3771 -~
Attest / Secretary
Authorized Signatory
ALTA OWNER'S POLICY (4-6-90)
Reorder Form No. ~'233
TICOR TITLE INSURANCE COMPANY
TRANS TYPE SI RATE REISSUE INSU~CE
430
~MOUNT OF
FILE NUMBER POLICY Nq3MBER DATE OF POLICY INSURANCE PREMIUH
J-119174 48 ~22 60 000205 J~NU~dqY 27, 1992 i,'704,158.~O 3,296.00
SCHEDULE A
ALTA OWNER'S POLICY
(4/06/90)
Policy Number : 48 0022 60 ~O205
Order Number : J-119174
Date of Policy : JAlfJARY 27, 1992 10:58 A.M.
Amount of Insurance : $1,704,158.~
, 1. Name of insured:
CITY OF BREMERTON, A MUNICIPAL CORPORATION
2. The estate or interest in the land which is covered by this policy is
FEE SIMPLE ESTATE
3. Title to the estate or interest in tile land is vested in:
THE NAMED INSURED.
4. The land referred to in this policy is described as follows:
FOR DESCRIPTION, SEE EXHIBIT A ATTACHED AND BY REFERENCE MADE A PART HEREOF.
J-1!9174
EXHIBIT A
TRACT 1:
THE EAST HALF OF THE NORTHWEST QUARTER; THE WEST HAiti' OF THE NORTHEAST 0UARTER;
THE WEST HALF OF THE SOUTHEAST QUARTER, SECTION 24, TOWNSHIP 24 NORTH, RANGE
WEST, W.M., IN KITSAP COUNTY, WASHINGTON.
TRACT 2:
THE WEST HALF OF THE NORTHEAST QUARTER; THE SOUTHEAST QUARTER OF THE ~ORTHEAST
QUARTER, SECTION 25 TOWNSHIP 24 NORTH, R/LNGE 1 WEST, W.M., IN KITSAP COUNTY,
WASHINGTON.
END OF EXHIBIT A
J.-119174
SCHEDULE B
This policy does not. insure against loss or damage (and the Company %~'~1] not pa~'
costs, attorneys' fees or expenses) which arise by reason of:
GENERkL EXCEPTIONS:
Rights or claims of parties in possession not sho%m by the public
B. Encroachments, overlaps, boundary line disputes, or other matters ~ich
would be disclosed by an accurate survey.
C. Easements, or claims of easements, not shown by the public records.
D. Any lien, or right to a lien, for contributions to employee benefit !unds~
or for state workers' compensation, or for services~ labor, or material
heretofore or hereafter fur~ished, all as imposed by law, and not sho~zn by
the public records.
E. Taxes or special assessments which are uot shown as existing liens by
public records.
F. Any service, installation connection, maintenance o~ construction charges
for sewer~ water, electricity, or garbage collection and d~sposal.
G. Reservations and exceptions in United States Patents or in Acts a~thc, riz~ng
the issuance thereof. Indian tribal codes or regulations, Indian treaty
aboriginal rights, including easemenLs or equitable servitues.
H. Water rights, claims or title to water.
SPECIAL EXCEPTIONS:
1. GENERAL TAXES FOR 1992 ARE CLASSIFIED FOREST LAND
AMOUNT :NOT DISCLOSED
PARCEL NO. :242401-1-~O1-1008
LECY CODE :6029
2. GENERAL TAXES as follows, plus interest after delinquency: First half delinquent
May 1; Second half delinquent November 1;
Year : 1992
Amount billed : $92.48
Amount paid : -0-
Amount due : $92.48
Tax account no. : 2424~1.-3-~1--1004
Tax levy code : 8030
J-I19174
3. GENERAL TAXES as follows, plus interest, after delinquency: First hall delinquent
May 1; Second half delinquent November 1;
Year : 1992
Amount billed : $92.48
Amount paid : -O-
Amount due : $92.48
Tax account no. : 242401-~i-OO1-tOO7
Tax levy code : 8030
4. AN EASEMENT with provisions~ conditions and covenan%s as may be
therein.
For : FENCES, GATES OR OTHER IMPROVEMENTS
WHICH ARE ON THE GROUND WILL BE PRESERVED
In Favor of : STATE DIVISION OF FORESTEY
Reflected of record by instrument
Recorded : AUGUST 30, 1937
Auditor's No. : 270459 BOOK 220 OF DEEDS, PAGE 490
Affects : WEST HALF OF THE WEST HALF OF EAST HALF
SECTION 24, TOWNSHIP 24 NORTH, RANGE 1 WEST,
W.M., IN KITSAP COUNTY, WASHINGTON
5. AN EASEMENT with provisions, conditions and covenants as may be set f~rtr~
therein.
For : PURPOSES OF CONTRUCTION, RECONSTRUCTION, t]Sl'~ AND
MAINTENANCE OF A ROAD OR ROADS
In Favor of : STATE OF WASHINGTON
Reflected of record by instrument
Recorded : APRIL 25, 1975
Auditor's No. : 1088149
Affects : EAST HALF OF NORTHWEST QUARTER; SOUTHWEST QUARTER OF THE
NORTHEAST QUARTER; WEST HALF OF THE SOUTHEAST QUARTER;
SOUTHEAST QUARTER OF THE SOUTHWEST QUARTER OF SECTION ~4;
THE NORTHWEST QUARTER OF THE NORTHEAST QUARTER OF SECTION 25
**ALL IN TOWNSHIP 24 NORTH, R~GE 1 WEST, W.]~i. · IN KITSAP COBNTY, WASHINGTON.
.END OF SCHEDULE
J-!19!74
PURCHASER'S CLOSING STATEMENT
SELLER: POPE RESOURCES, a Delaware limited partnership
PURCHASER: CITY OF BREMERTON
LEGAL DESCRIPTION:
Tract ~1
The East 1/2 of the NW 1/4; the West 1/2 of the NE 1/4;
the West 1/2 of the SE 1/4 of Section 24, Township 24
North, Range i West, W.M.
Tract ~Z
The West 1/2 of the NE 1/4; the SE 1/4 of the NE 1/4 of
Section 25, Township 24 North, Range i West, W.M.
PURCHASER MUST PAY
Total Purchase Price $1,704,158.00
ADD Purchaser's Closing Costs to
to Cash Payment Payable at Closing:
Title Insurance Premium
Pioneer Title Company $3,553.09
Recording Fee for Statutory Warranty Deed
(Kitsap County Auditor) 8.00
1% Excise Tax Affidavit
Processing Fee (Kitsap
County Treasurer) 2.00
Total Purchaser's Closing Costs $3,563.09 ( 3,563.09)
TOTAL CASH REQUIRED FROM PURCHASER TO CLOSE $1,707.721.09
NOTE: It is further understood and agreed by all parties
hereto that this closing statement is subject to
audit and should there be any errors or omissions,
they are to be corrected. Further if any
legitimate monetary error is discovered, it is to
be assessed and immediately collected from the
PURCHASER'S CLOSING STATEMENT -1-
party or parties liable therefo~
ACCEPTED AND APPROVED this ~--~ ~ day of ~-~-~-~ ,
1991.
CI~ B~/MERTON
Bremerton City Attorney
PURCHASER'S CLOSING STATEMENT -2-
SELLER'8 CLOSING STATEMENT
SELLER: POPE RESOURCES, a Delaware limited partnership
PURCHASER: CITY OF BREMERTON
LEGAL DESCRIPTION:
Tract ~
The East 1/2 of the NW 1/4; the West 1/2 of the NE 1/4;
the West 1/2 of the SE 1/4 of Section 24, Township 24
North, Range 1 West, W.M.
Tract ~Z
The West 1/2 of the NE 1/4; the SE 1/4 of the NE 1/4 of
Section 25, Township 24 North, Range i West, W.M.
AMOUNTS DUE SELLER
Total Purchase Price $1,704,158.00
REDUCED by Seller's Closing Costs:
Recording Fee for Partial Reconveyance
(Kitsap County Auditor) $8.00
Total Seller's Closing Costs $8.00 ( 8.00)
TOTAL CASH REQUIRED FROM PURCHASER TO CLOSE $1.704.150.00
NOTE: It is further understood and agreed by all parties
hereto that this closing statement is subject to
audit and should there be any errors or omissions,
they are to be corrected. Further if any
legitimate monetary error is discovered, it is to
be assessed and immediately collected from the
party or parties liable therefor.
ACCEPTED AND APPROVED this /~ day of ~ ,
1991.
POPE RESOURCES
B¥i
SELLER'S CLOSING STATEMENT
.I I 82.45 ROW
"! , '~ ~ ~,'I~
(1) ~C~E (RCW)M.~o~W~.~) ExciseTax;
~ ~ ~,~
T< 8T~ W~TON ~T ~F~ S TRUE
(3) ~TI~ ~ C~IA~E [~pter ~.~ RC~ S~A~
~~:T~'~ ~ ~ ' "'"' ' ' Addre~ ~ ~s~e ~ ~ce of ~ of ~n ~lng (specify):
.x~?
TAXPAYER
EXH'rB?T
Tract ~1
The East 1/2 of the NW 1/4; the West 1/2 of the NE 1/4;
the West 1/2 of the SE 1/4 of Section 24, Township 24
North, Range i West, W.M.
Tract ~2
The West 1/2 of the NE 1/4; the SE 1/4 of the NE 1/4 of
Section 25, Township 24 North, Range 1 West, W.M.
P.~ENDA BILL
BRENERTON CITY COUNC'rL
~. SUB~ECT~ FOR AGENDA OF :.
REAL ESTATE PURCHASE AGREEMENT - ORIQINATING DEPT.
POPE RESOURCES ORIGINATOR:
DATE SUBMITTED: October 22, ~991
Z. CLEARANCES: (co_~ez~/~n back 3. EXHIBITS:
i~nec~s/ary)
City Attor~ MEaX~hange/Purchase Agreement
City Treas~_r~ '
4. SUMMARY STATEMENT AND REOUI~NRWT FOR COUNCIL ACTION'
The Union River and its tributaries, a surface supply source, provide
approximately 50% of the City's domestic water supply.
The passage of the Amendments to the Safe Drinking Water Act in 1986
required the Utility to review its management of this resource with respect
to its protection.
(Please .see page 2 for continuation)
5. RECOMMENDATION:
The City Council approve the attached purchase agreement between the City
of Bremerton and Pope Resources, Inc. and authorize the Mayor to execute
said contract subject to City of Bremerton Administrative Policies and
Procedures.
9. RESPONSIBLE OFFICIAL: Utilities Director
ENFORCEMENT OFFICIAL: Utilities Director
EXPIRATION DATE: N/A
REVIEW DATE: N/A
10. O I OF CT ON
PULLED [] TABLED~~PROVED ~ DI.SAppRTD [] AMENDED []
COUNCIL D RECTI, : Nov
~. AGENDA EILL .O..' g/- J
CLEARANCE COMMENTS:
4. SUMMARY STATEMENT ~ REOUIRBMBNT POR COUNCIL ACTIONs - CCont~nuation)
The City Council in 1986 authorized the Utility to develop a management plan
which was adopted by Resolution #2135 on October 15, 1986.
The management plan provides for the acquisition of properties adjacent to
existing and future water supply and storage area to provide protectin of
those supplies.
Attached for City Council consideration is a purchase agreement betweem tie
City of Bremerton and Pope Resources, Inc~ The ~urchase involves 360 ~cres
of Pope Resources, ~nc. parcels(~ltuated in Sections 24 and 25, Township 24
North, Range i West~nd bordering existing Utilities properties. The total
value is $1,704,
15~.
The purchase of the Pope Resources, Inc. properties will provide protection
of the Utility's Union River watershed facilities.
5. IMPACT ON NON-PASSAGE:
Non-acquisition of property adjacent to and within Union River watershed.
6. IMPACT ON STAFFING, BUDGETS, FACILITIES, EOUIPNENTANDOTHBR RESOURCES:
staffina: N/A
Budqet: The expenditure of $1,704,158 from the Utility's Land
Acquisition Account.
Facilities: N/A
E~uiDment: N/A
7. RESEARCH SOURCES~
Utility Land Management Plan
Water Resource Study
/~Release #29
The undersigned beneficiary is the legal owner and holder of the
Promissory Note in the original amount of $22,500,000.00 secured by
that certain Deed of Trust dated December 3, 1985, in which
JEFFERSON TITLE COMPANY is the "Trustee", and POPE & TALBOT, INC.,
a Delaware Corporation, POPE RESOURCES, INC., a Delaware
Corporation, (and/or POPE & TALBOT DEVELOPMENT, INC., by name
change) and HOOD CANAL TIMBER, INC., a Washington Corporation,
(collectively "Grantor"), recorded on December 6, 1985, under
Recording No.: 8512060189 in the records of KITSAP County,
Washington.
You are requested to reconvey, without warranty, to the person(s)
entitled thereto the right, title or interest now held by you
thereunder in and to that portion of the real property described in
said Deed of Trust, situated in KITSAP County, Washington, as
follows:
TRACT 1:
The East Half of the Northwest Quarter; the West Half of the
Northeast Quarter; the West Half of the Southeast Quarter,
section 24, Township 24 North, Range 1 West, W.M., in Kitsap
County, Washington.
TRACT 2:
The West Half of the Northeast Quarter; the Southeast Quarter of
the Northeast Quarter, Section 25, Township 24 North, Range 1 West,
W.M., in Kitsap County, Washington.
The Travelers Life & Annuity Company
(Beneficiary)
Dated: 12-1 - ?1 Ey:
S. Torsiello
Title: Assistant Director
One Tower Square
Hartford, CT 06183
CZTY OF BRE~ERTON
CZTY CLEI~"S OFFZCE
ME MO R&N DUH
Date: November 15, 1991
To: ~&ok4e Dixon, C4ty Attorney,s Of£ioe
Re: Pope Resouroos
Attached is one copy each of the Real Estate Purchase Agreement and
Real Estate Exchange/Purchase Agreement with Pope Resources. We
have retained the original of each for our records. It is our
understanding your office will finalize the documents.
attachments
OFFICE OF THE CITY ATTORNEY · lAN R. SIEVERS, CITY ATTORNEY
December 18, 1991
Jefferson Title Company, Inc.
P. O. Box 256
Port Townsend, Washington 98368
Re: Partial Reconveyance of Deed of Trust
TO WHOM IT MAY CONCERN:
Please find enclosed with this letter a Request for Partial
Reconveyance, issued by Travelers Life and Annuity Company, and a
Partial Reconveyance regarding a Deed of Trust between Pope &
Talbot, Inc., a Delaware corporation, Pope Resources, Inc., a
Delaware corporation, (and/or Pope & Talbot Development, Inc., and
Hood Canal Timber, Inc., a Washington corporation), as Grantor;
Jefferson Title Company, Inc., as Trustee; and The Travelers
Insurance Company, a Connecticut corporation, as Beneficiary.
Please execute the Partial Reconveyance and return it to our office
in the enclosed, self-addressed, stamped envelope. Mr. Tom Ringo,
of Pope Resources, is this day forwarding a check to you in the
amount of $42.00 for your reconveyance fee in this matter.
We would appreciate your immediate attention to this matter, as we
are working to close this transaction before the end of the year.
Please do not hesitate to call me if you have any questions in this
regard.
Thank you for your assistance.
Sincerely,
JA~ R. DIXON
Legal Assistant to IAN R. SIEVERS
Enclosures: as cited
cc: Mr. Tom Ringo, Vice President-Finance, Pope Resources /
Kathleen McCluskey, Administrative Services Director~
William Duffy, Utilities Director
239 4THSTREET · BREMERTON, WA98310 · (206) 478-5345
OFFICE OF THE CITY ATTORNEY · IAN R. SIEVERS, CITY ATTORNEY
Gateway to the Olympics and Home of the Puget Sound Naval Shipyard
December 18, 1991
Mr. Tom Ringo
Vice President-Finance
Pope Resources
19245 Tenth Avenue Northeast
P. O. Box 1780
Poulsbo, Washington 98370
Re: Pope Resources/City of Bremerton Real Estate Purchase
Dear Tom:
Pursuant to my telephone conversations with you today, please find
enclosed with this letter the following:
1. Original and a copy of the Statutory Warranty Deed between
Pope Resources, as Grantor and City of Bremerton, as Grantee;
2. Original and a copy of the Seller's Closing Statement;
3. Copy of the Purchaser's Closing Statement;
4. Copy of 1% Excise Tax Affidavit for the subject property;
5. Copy of Request for Partial Reconveyance, issued by The
Travelers Life and Annuity Company; and
6. Copy of Partial Reconveyance for signature of Jefferson Title
Company, Inc., as Trustee.
Please review the Statutory Warranty Deed and Seller's Closing
Statement and if these documents meet with your approval, please
see that they are executed and return them to our office for
processing and closing.
It is my understanding that you will, this day, be forwarding a
check in the amount of $42.00 to Jefferson Title Company in Port
Townsend, as and for their reconveyance fee for signing the Partial
Reconveyance.
Upon receipt of the signed Statutory Warranty Deed and Seller's
Closing Statement from Pope Resources and the signed Partial
239 4TH STREET · BREMERTON. WA 98310 · (206) 478-5345
.~,, r~,,a omo.,,,,,~
Mr. Tom Ringo
PageDeCember 18, 19912 ~0~
Reconveyance from Jefferson Title Company, I will imm~i~t~f
contact you so that you may come to our office to collect~ e
proceeds for this transaction on behalf of Pope Resources.
Please feel free to call me if you have any questions in this
regard.
Thank you for all of your assistance and cooperation in this
matter.
/~incerely, ~
JA~KIE R. DIXON
L~al Assistant to IAN R. SIEVERS
Enclosures: as cited
cc/w/enc: Ms. Kathleen McCluskey, Administrative Services Director/
Mr. William Duffy, Utilities Director
omcE OF WE can ^rrOR ¥ · R. StEWRS, A rOR Y
January 9, 1992
Jefferson Title Company, Inc.
P. O. Box 256
Port Townsend, Washington 98368
Re: Partial Reconveyance of Deed of Trust
TO WHOM IT MAY CONCERN:
Please find enclosed a check in the amount of $7.00 that was sent
to our office, made payable to the Kitsap County Auditor, which I
assume was meant to be used as the recording fee for the Partial
Reconveyance between Pope Resources and the City of Bremerton (a
copy of which document I have enclosed herein for your reference).
I am returning the check because Pope Resources was charged for the
recording fee of the Partial Reconveyance out of the proceeds of
sale which fee was $8.00.
The $7.00 should be sent to Pope Resources, in care of Tom Ringo,
Vice President-Finance, 19245 Tenth Avenue Northeast, P. O. Box
1780, Poulsbo, Washington 98370.
Please feel free to call our office if you have any questions in
this regard.
Thank you for your assistance in this matter.
Very truly yours, ~
JAC~IE R. DIXON
L~g~l Assistant to IAN R. SIEVERS
Enclosure: as cited
cc: Mr. Tom Ringo, Vice President-Finance, Pope Resources
239 4TH STREET · BREMERTON, WA 98310 · (206) 478-5345
OFFICE OF THE CITY A'UI'ORNEY · lAN R. SIEVERS, CITY AT'FORNEY
C, att, um~ to the Ol~rnlafirs and Hon.~ of th~ Pugt4 ~ound Naoal Sh~oyard
January 9, 1992
Mr. Tom Ringo
Vice President-Finance
Pope Resources
19245 Tenth Avenue Northeast
P. O. Box 1780
Poulsbo, Washington 98370
Re: Pope Resources/City of Bremerton Real Estate Purchase
Dear Tom:
Please find enclosed conformed copies of the following documents
for your information and file:
1. Statutory Warranty Deed;
2. 1% Excise Tax Affidavit for the subject property;
3. Partial Reconveyance;
4. Seller's Closing Statement; and
5. Purchaser ' s Closing Statement.
You may already have conformed copies of some of these, but I
wanted to make sure.
Give me a call if you have any questions in this regard.
Very truly yours,
~AC~IE R. DIXON
I~l Assistant to IAN R. SIEVERS
Enclosures: as cited
239 4TH STREET · 8REMERTON, WA 98310 · (206) 478-5345
.~,, O,,a ez~..~,
ADMINISTRATIVE SERVICES · KATHLEEN Mc, CLUSKEY, DIRECTOR
Gateway to the Olympics and Home of the Puget Sound Naval Shipyard
America's Most Liveable City
January 13, 1992
Ticor Title Insurance Co.
706 Pacific Avenue
Bremerton, WA 98310
Attn: Kathy
Re: J-119174 Pope Resources: Sellar
City of Bremerton: Purchaser
Dear Kathy:
Enclosed is our check on the amount of $3,553.09 in payment of
Title Insurance Premium.
Sincerely,
Kathleen L. McCluskey
Director of Administrative Services
KLM:eh
enclosure
239 4TH STREET · BREMERTON, WA 98310 · (206) 478-5290
"A Tradition
of Excellence"
STEWART TITLE COMPANY 995~ Micko~r~ Boa~..w., suite 204
P.O. Box 3607
Ja nua r y 1 7 t 19 9 9 OF KITSAP COUNTY, INC. Silverdale, W~hin~on ~3
(2~) 692~141 or
(2~) ~3-~ -- ~affie Line
CItY O~ BRENER~ON F~.(2~)692-5569
CITY CLERK 1-~-2823
239 4TH STREET
BREMERTON, WA 98310
RE: Our Escrow Number: 31005489
POPE RESOURCES/CITY OF BREMERTON
Property: KITSAP COUNTY PROPERTY
Dear Sir/Ms.:
In connection with the above-captioned transacLion, we have
enclosed herewith the following:
SUPPLEMENTAL NO. 1 TO CO~ITMENT
Please feel free to contact the undersigned if you have any
questions.
Very truly yours,
Laura Bordo
Escrow Assistant
jb
Enc.
8/88
STEWART TITLE COMPANY OF KITSAP COUNTY, INC.
9951 Mickelberry Road, N.W., Suite 201
P.O. Box 3607
Silverdale, Washington 98383
(206) 692-4141
SUPPLEMENTAL
COMMITMENT REPORT
STEWART TITLE - ESCROW DEPT. Title Order No.: 32005742
P.O. BOX 3607
SILVERDALE, WA. 98383 Supplemental No.: 1
Attention: L.J./31-5489
Customer Reference: POPE RESOURCES/BREMERTON
The following matters affect the property covered by this order:
LEGAL DESCRIPTION IS AMENDED AS HERETO ATTACHED
THE FOLLOWING PARAGRAPHS HAVE BEEN ADDED TO SPECIAL EXCEPTIONS:
8. GENERAL TAXES: PAYABLE ON FEBRUARY 15TH:
YEAR: 1992
AMOUNT: $290.77
TAX ACCOUNT NUMBER: 352401-1-001-1005
LEVY CODE: 8179
NOTE: SAID AMOUNT HAS NOT YET BEEN CERTIFIED BY THE KITSAP
COUNTY ASSESSOR AND IS SUBJECT TO POSSIBLE CHANGE.
AFFECTS: PORTION OF PARCEL A
9. GENERAL TAXES: PAYABLE ON FEBRUARY 15TH:
YEAR: 1992
AMOUNT: $52.51
TAX ACCOUNT NUMBER: 262401-4-001-1000
LEVY CODE: 8179
NOTE: SAID AMOUNT HAS NOT YET BEEN CERTIFIED BY THE KITSAP
COUNTY ASSESSOR AND IS SUBJECT TO POSSIBLE CHANGE.
AFFECTS: PORTION OF PARCEL A
Continued on next page
Page I .A
SUPPLEMENTAL REPORT - continued
Order No.: 32005742
Supplemental No.: 1
10. GENERAL TAXES: PAYABLE ON FEBRUARY 15TH:
YEAR: 1992
AMOUNT: $80.17
TAX ACCOUNT NUMBER: 142401-3-003-1004
LEVY CODE: 6020
NOTE: SAID AMOUNT HAS NOT YET BEEN CERTIFIED BY THE KITSAP
COUNTY ASSESSOR AND IS SUBJECT TO POSSIBLE CHANGE.
AFFECTS: PARCEL B
11. GENERAL TAXES: PAYABLE ON FEBRUARY 15TH:
YEAR: 1992
AMOUNT: $240.66
TAX ACCOUNT NUMBER: 252401-1-001-1007
LEVY CODE: 8030
NOTE: SAID AMOUNT HAS NOT YET BEEN CERTIFIED BY THE KITSAP
COUNTY ASSESSOR AND IS SUBJECT TO POSSIBLE CHANGE.
AFFECTS: PARCEL C AND OTHER PROPERTY
12. GENERAL TAXES: PAYABLE ON FEBRUARY 15TH:
YEAR: 1992
AMOUNT: $184.76
TAX ACCOUNT NUMBER: 242401-3-001-1004
LEVY CODE: 8030
NOTE: SAID AMOUNT HAS NOT YET BEEN CERTIFIED BY THE KITSAP
COUNTY ASSESSOR AND IS SUBJECT TO POSSIBLE CHANGE.
AFFECTS: PARCEL D AND OTHER PROPERTY
Except as to the matters reported hereinabove, the title to the
property covered by this order has NOT been re-examined.
Dated as of January 16, 1992 at 8:00 A.M.
STEWART TITLE GUARANTY COMPANY
EXHIBIT "A"
ORDER NO.: 32005?42
PARCEL A
THE NORTH HALF OF THE NORTHEAST QUARTER; THE SOUTHWEST QUARTER
OF THE NORTHEAST QUARTER; THE EAST HALF OF THE NORTHWEST
QUARTER; THE SOU?HHALF OF THE SOUTHWEST QUARTER OF THE
NORTHWEST QUARTER; THE EAST THREE-QUARTERS OF THE NORTH HALF OF
THE SOUTHWEST QUARTER OF THE NORTHWEST QUARTER; AND THE NORTH
HALF OF THE NORTHWEST QUARTER OF THE NORTHWEST QUARTER OF THE
SOUTHEAST QUARTER, ALL IN SECTION 35, TOWNSHIP 24 NORTH, RANGE
i WEST, W.M., IN KITSAP COUNTY, WASHINGTON;
ALSO THE SOUTHEAST QUARTER OF THE SOUTHEAST QUARTER, SECTION 26,
TOWNSHIP 24 NORTH, RANGE I WEST, W.M, IN KITSAP COUNTY,
WASHINGTON.
PARCEL B
THE SOUTH HALF OF THE NORTHWEST QUARTER OF THE SOUTHEAST
QUARTER; THE SOUTH HALF OF THE NORTHEAST QUARTER OF THE
SOUTHWEST QUARTER; AND THE SOUTHWEST QUARTER OF THE SOUTHWEST
QUARTER, ALL IN SECTION 14, TOWNSHIP 24 NORTH, RANGE 1 WEST,
W.M., IN KITSAP COUNTY, WASHINGTON.
PARCEL C
THE EAST HALF OF THE NORTHWEST QUARTER, SECTION 25, TOWNSHIP 24
NORTH, RANGE 1 WEST, W.M., IN KITSAP COUNTY, WASHINGTON;
PARCEL D
THE EAST HALF OF THE SOUTHWEST QUARTER, SECTION 24, TOWNSHIP 24
NORTH, RANGE 1 WEST, W.M., IN KITSAP COUNTY, WASHINGTON.
END OF EXHIBIT "A"
OFFICE OF THE CITY ATFORNEY · LAN R. SIEVERS, CiTY A'ITORNEY
G~tezo~ to the Ol~mp~s m~ Hom~ of t~ ~ ~ Nmml ~l~r~
January 27,
Mr. Tom Ringo
Vice President-Finance
Pope Resources
19245 Tenth Avenue Northeast
P. O. Box 1780
Poulsbo, Washington 98370
Re: Pope Resources/City of Bremerton Real Estate Transacti~
Dear Tom:
Please fred enclosed with this letter conformed copies of me Partial Reconveyance, Statutory
Warranty Deed and i % Real Estate Excise Tax Affidavit, reg--_ the above-referenced
transaction, for your information and file.
Give me a call if you have any questions.
Sincerely,
/\
JA~KIE R. DIXON
Legal Assistant to IAN R. SIEVERS
Enclosures: as cited
cc/w/enc: William Duffy, Director of Utilities /
cc: Kathleen McCluskey, Director of Administrative Services
239 4TH STREET · BREMERTON, WA 98310 · ~6) 478-5345