3315 BROADWAY HOPEWORKS STATION 2 2020-12-21

WITNESSETH „WHEREAS, the undersigned Grantor, HopeWorks Soaal Enterpnses, a Washington .,n6rip0fit, corporation, is the ownerof or has a substantial interest in the real property ,IegaU.ydeecribed in Exhibit A attached hereto ("Property"),and WHtlAS;th&.Grantor has applied to the City of Everett {"City")for a land use approval for ajzr,djectlifaccorklasibe with permit nos B1712-019, PW1712-020 (the"Project") Crty requiremgntfoyoff:9ireat parking for the Project shall be provided on-site, and WHEREAS,.tte nWrhber'oflequired parking stalls for the Project is based on supportive housing usesatid iidn;supportive housing uses within the building Any change to the use as permitted under,perriit no 'B1712-019 shall require a reassessment of the parking requirements to donfirrrt••par@ndcomplres with the City's Municipal Code, and the City desires to record thi$covenarif tuanofif potential buyers and others of such, and WHEREAS, "supportive boil-mpg"rsrdef(ned pursuant to City Municipal Code 19 04 020 as a combination of housing, ihrludmg•low•berner housing,and services intended as a cost- effective way to help peopletiva_inore stable•and,productive lives The housing type is a multiple-family dwelling owneder spofisoted.byta qualified nonprofit provider or government entity, designed for occupancy byQefsops•'fhat are either(1)experiencing or at risk of experiencing homelessness, (2) are ezperrencing.a'disability that presents bamers to employment and housing stability, or(3)generally require structured supportive services such as case management and twenty-foul hour on site 9acddy management to be successful living in the community and is•uiteihded'to provide long-term, rather than • transitional, housing, and •.... WHEREAS, the City has a substantial interest iri'the:development of supportive housing uses,which will be facilitated by the proposed Pkjeof_and ••-••. WHEREAS, issuance of permit no B1712-019 is(co6d1tidged upon execution of this Covenant, and ,✓' WHEREAS, this Covenant concerns the Grantor's use, loccbpatiop;'jnjoyment of the Property and benefits the City as Grantee, and WHEREAS, this Covenant is intended to bind successors anthessi4nsanc#min with the land, NOW, THEREFORE, Grantor agrees to abide by restrictions on oceuµation ute, and enjoyment of the Property as follows: l '• e ;',: '••„t , (-2.&