HomeMy WebLinkAbout96-04361
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STIPULATION AGAINST LIENS
CUMBERLAND PARTNERS, a Pennsylvania ) In Ihe Court of Common PI.
Umlled PlIlJ1ershlp, OWlIer, ) CuunlY Qf Cumberland, pcnn.ylvanla
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OLYMPIC REALTY It DEVELOPM11NT COItP" )
a New York corporallun, DevelQper ) . ,
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HOME DEPOT USA, INC" ) II " . '.
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a Delaware corporallQll, TelllllllDevelQper ) , II t , o'!
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VERSUS )
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PERRY CONSTRIJCI'ION GROUI), INC, ) <(Lt- I..p~\ 1'11..0
a Penll5ylvanla CorporallQlI, COllIJ'\lI::lor ) Number Term 1996 : '
WHEREAS, CUMBERLAND PARTNERS, a Pennsylvania limited partnership (nCUMBERLAND
PARTNERS. or "OWNER") lithe owner of pro pert)' located In Hampden T,lwnlhlp, Cumberland Counl)', Penlllylvanll
(the "Kman Pruperty");
WHEREAS, OLYMPIC REALTY .t DEVELOPMENT, INC., ('OLYMPIC' or "Developer') Will the o:qullable owner of
the Clljlltol ProdUcll propcl1)' ">CIted IllljllCenllo Ille Kmartl>,'Opert)':
WHEREAS, OLYMPIC lIIdIor IIllucceuon Intend kl ere<:l and cOnl;(rocll bulldlnll on the Capitol PrtIducll Property known
III the Hampden Commolll:
WHEREAS, In onler 10 complete the lIampden COIIIIllOIU Improvemenll, 1111 allo lICCenary to erect and ~ODllt/1lCt certain
Improvemeollto I portion nf !he Kmart Prol)(rt)' (!he aile Improvement. to the liMmpden CommODll proJ~1 IIIId the Kmart
Property bellll collectlvely referred 10 herein III the 'Slle Improvemenl'"):
WHEREAS, wd Site ImprovemenLi wlll be made hy PERRY CONSTRUCTION GROUP, INC, ("Conlractor") which I. about
to elccote conlemporaneou.ly herewl!h, a cnnll'llCt, wl!h HOME DEPOT U.S,A., INC, a Delaware COl'JlOratlnn and I Tenant
In the Hampden Commolll proJecl, for !he ere<:tlon of a bulldlnll and complellon of Slle Improvemenll 10 the Hampden
Commonl project, wblch Site hnprovemenll will Include enlrance II1Ipruvelll~nl' ofpavlnll and curblnllto the Kmart Properly,
NOW, /} Ii ,I ()" I / ,1996, al the time of and 111I1II.,.jlal~ly before th~ ex"",ullon of the princiJIIII contract,
and before lilY' aotllorily hu ba-n Illv~n by the .ald Own~r 10 the ..Id Conlroclor lu cummence wurk on the laid Site
Improvemenll or purchue mllerlall fnr the lame In consideration uf!h~ mllklnll of lhe .ald cnntl'llCt wllh ConlraclOr and the
furthlll'coOllderallon of one dollar 10 Contraclor, JIIIld by Owner, ~veloper, and Tenanl,lIla allreed thaI no lI~n shall be flied
II1l00tthe IlIld and the bulldlnl by the Con~ractl)f, or any iub..controclor, nor b)' any of the malerial men or worlunen or Iny
other penon for lilY labor, or materilll purchued, or ellra labor or materiall purchlllled for the el'llCllon of said bulldlnlllld
the ~onll/1lcllon Ind 100lallallon of the Site Improvemenll, the rilllll 10 llIe .och lIenl belnll expreuly waived,
11111 Sllpullllon AllllOll Llelll may conlaln multiple Illlnalure pilea,
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