Ordinance 3087-08 - Laserfiche WebLink

Exhibit D DEVELOPMENT AGREEMENT THIS AGREEMENT is entered into this day of 2008, by and between Mariner Square Investments, LLC, David Allegre, Manager, 9523 32nd Street, SE, Everett, Washington 98205, and Michael Wright, 11624 51g`Ave SE, Everett, Washington 98205 (hereafter jointly termed, "The Owners"), and the City of Everett, a municipal corporation under the laws of the State of Washington(hereinafter, "City"). RECITALS A. The combined property held by the Owners is approximately 4.0 acres of real property(Exhibit A) on the east side of 19th Avenue SE, north of 116th Street SE(hereafter "Property"). Upon implementation of this Agreement the zoning will be B-2 (Community Business) subject to use limitations, and building standards specified . The Owners interest is to expand the range of uses allowed on the property while recognizing the need to limited B-2 uses in such a way as to minimize impacts on nearby residential areas. The Owners herein state, as evidenced by willingness to sign this Agreement, that they have examined all details of the financial and land use implications of this Agreement and herein state their willingness allow and encourage only those uses listed herein, and no others, unless approved by the City. The City agrees the community would benefit from such an action at this location, provided conditions found herein are met.