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CONCOMITANT AGREEMENT TO REZONE <br /> ORDINANCE NO.![f'."9 <br /> "MADISON COURT" <br /> THIS AGREEMENT IS MADE AND ENTERED THIS 5c+ day of 1989, <br /> by Security Pacific Bank, Trustee for Strickland Trust, and Bernie G. <br /> Grinnell, hereinafter referred to as "Owner," and the City of Everett, a <br /> municipal corporation under the laws of the State of Washington, hereinafter <br /> referred to as "City;" <br /> WITNESSETH: <br /> WHEREAS, Security Pacific Bank, Trustee for Strickland Trust, and <br /> Bernie G. Grinnell are owners of a tract of real property approximately <br /> one-third acre in size located on the north side of Madison Street, west of <br /> Beverly Boulevard, Everett, Snohomish County, Washington, the legal <br /> description of which is attached hereto as Exhibit A and incorporated herein <br /> by this reference; and <br /> WHEREAS, The Owner has applied to the City to rezone the property <br /> from R-2 (Single Family High Density) to B-1 (Neighborhood Shopping), in <br /> order to allow the subject property to be combined with adjacent property <br /> which is zoned B-1 for the purpose of developing a neighborhood convenience <br /> retail center; and <br /> WHEREAS, the proposed zoning and development will allow more <br /> intensive use of the subject property than the existing zoning and site <br /> development; and <br /> WHEREAS, the public health, safety and welfare would be best served <br /> by anticipating the impacts of such development and imposing certain <br /> mutually agreed upon standards, conditions and requirements which shall be <br /> documented herein and hereafter considered to be an integral part of the <br /> zoning restrictions applicable to the property; <br />