1020 N BROADWAY EVCC STUDENT HOUSING - WHOLE SITE 2022-05-23

NOW, THEREFORE, Owner(s) agree(s) to abide by restrictions on occupation, use, and enjoyment of the Property as follows: 1. Owner/Grantor agrees Property will be restricted primarily to housing for college students, except for ground floor retail space as approved in the Decision.. 2. This document shall constitute a covenant running with the land and the rights and obligations of the parties hereto shall inure to the benefit of and be binding upon their respective legal representatives, successors and assigns. 3. Any change in the occupancy of the building for use other than primarily housing for college students must be approved by the City of Everett. 4. Leasing restrictions. The following requirements shall be included in leases for all residential units: a. The Grantor, owner, property manager, or leasing agent shall not lease a residential unit to a tenant who owns, leases, stores, or uses a vehicle for purposes of transit to and/or from the leased premises unless a residential parking stall is available, and the lease assigns that stall to the tenant. Further, such leases must contain a covenant that requires all tenants not to own, lease, store, or use any vehicle for this purpose unless before doing so they obtain an assigned residential parking stall for that vehicle. b. The leases of residential units on the Property shall provide that persons who stay overnight in a unit for more than five (5) days per calendar quarter are considered tenants for purposes of this provision. C. Students or non -students residing within the building are not eligible for the City of Everett residential parking permit for the Residential Parking Zone. 5. Quarterly monitoring. Grantor, owner, property manager, or leasing agent shall submit a report within thirty (30) days after the start of each academic quarter of the Everett Community College to City of Everett Community, Planning and Economic Development Department and City Traffic Engineer that reports the following information: a. Certification that tenants are primarily students or were enrolled students at least during some portion of the latest school year; b. The number of tenants (broken down by domestic and international students, and non -students, as applicable); C. The number of tenants (broken down by domestic and international students, and non -students, as applicable) who own, lease, store, or use a vehicle for purposes of transit to and/or from the leased premises; and, d. The number of residential parking stalls the Grantor/property manager has assigned.