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pass to and be binding upon the Grantor, his successors and assigns, heirs, grantees, or lessees of the <br /> Property, beginning February 2, 2022. Each and every contract, deed or other instrument covering or <br /> conveying the Property, or any portion thereof, shall be conclusively held to have been executed, delivered <br /> and accepted subject to such covenants, regardless of whether such covenants are set forth in such contract, <br /> deed, or other instruments. <br /> NOW, THEREFORE, it is hereby covenanted, as follows: <br /> • Off-Street Parking Covenant. The Grantor was provided a reduction to off-street parking required for <br /> develo ment of this Pro ertv. conditioned u on a covenant beine. recorded that requires compliance with <br /> an approved,TDM Plan. The off-street parking reduction vsas i4ranted based on the followine, (check all <br /> that apply): <br /> Ei Multifamily parking reduction based on resident characteristics <br /> 0 Extremely low-income (30% AMI or below) <br /> 0 Low-income (60% AMI or below) <br /> 0 Seniors (55+) <br /> X Multifamily parking reduction based on transportation characteristics <br /> X On frequent transit route (3 trips per hour) <br /> 0 Transportation Demand Management Plan approved by City <br /> 0 Multifamily parking reduction based on development characteristics <br /> Cl Shared parking in a mixed-use building where at least 50% of the gross floor area is <br /> non-residential <br /> LI Exception to off-street parking based on: <br /> 0 Property located in Metro Everett Parking Area A <br /> 0 Property located in Metro Everett Parking Area B and granted a [ % reduction <br /> 0 Property includes a structure or site that is individually listed on the Everett Register of <br /> Historic Places <br /> [7:j Reduction to off-street parking based on: <br /> 0 Parking study as alternative to reduce parking <br /> 0 Transportation alternatives, including providing: <br /> 0 Car share stalls <br /> EJ Motorcycle parking <br /> 0 Bicycle parking beyond what is required by city regulations <br /> E Mixed-use projects <br /> E Shared parking between multi-tenant sites or nearby properties <br /> TDM Plan. Development of this Property was approved by the City contingent upon a final TDM plan <br /> and recordino of this Covenant to ensure compliance with the TDM plan. The TDM plan was approved <br /> by the City on IVA. and is on file with the City. The TOM plan may he amended. as necessary, with the <br /> 2 <br /> 3 /co <br /> _ _ <br />